The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. Shipping Frequency, Service Routing, Delivery Time, Compensation Clause, etc.,)

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. The software never expanded in scope to manage multi-tier inventories. I struggled to understand his point, and I am not sure that he was even clear in his own mind, but I remember the conversation. Old habits die hard.)

Supply Chain Planning Software 251

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 251

GlobalTranz

JULY 26, 2017

What happens when shippers simply forgo implementing shipping technology, and how can shape their future demise? Shippers Must Weigh In-House Versus Off-the-Shelf Shipping Technology Solutions. The first struggle with implementing shipping technology in an enterprise goes back to considering in-house versus outsourced tech solutions.

Analytics Software 122

Analytics Software Supply Chain Design Software Demand Planning Software Logistics Network Optimization Software 122

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. The company has visibility to demand and inventory.

Supply and Demand 192

Supply and Demand Customer Service Logistics Network Optimization Software Supply Chain Planning Software 192

Unleashed

APRIL 9, 2024

However, OTIF measures the delivery performance of complete orders shipped on time, whereas OTD focuses solely on the timeliness of deliveries, regardless of order completeness. This can happen when you prioritise shipping dates over order completeness or speed over accuracy. For example, let’s say you report an OTIF rate of 95%.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

BlueYonder

MARCH 30, 2023

Incisiv surveyed 115 retailers to understand the current state of omni-channel retail and evaluated the digital ordering and fulfillment capabilities of these retailers in four key areas, including Inventory Visibility, Frictionless Fulfillment, Cost & Payments, and 360-Degree Service, which encompassed 104 digital capabilities.

Real-time Visibility 85

Real-time Visibility Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 85

Silvon Software

JULY 22, 2022

Working with three core ratios – the days of inventory, days of payables and days of receivables, the cash-to-cash time cycle KPI visualizes the period required between the moment a company pays its suppliers and the moment it receives cash from its customers. Inventory KPIs and Metrics for Managing Supply Chain Performance.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Supply Chain Shaman

NOVEMBER 10, 2013

This week I interviewed Robert Byrne, Founder of Terra Technology , on the results of their fourth benchmarking study on forecasting excellence. The work done by Terra Technology, in my opinion, is one of two accurate sources of benchmark data on forecasting in the industry. The other is Chainalytics demand benchmarking.

Supply and Demand 228

Supply and Demand Forecasting Forecasting Software Modeling Software 228

Logistics Viewpoints

NOVEMBER 18, 2021

The priority of each pick based on shipping deadlines can compete with travel minimization and also evolves in its level of importance throughout the day. For example, in the morning, we may want to maximize picking density to improve the efficiency of our pickers without much concern about shipping deadlines. Dynamic Slotting.

DC 256

DC Optimization Software Demand Planning Software Supply Chain Planning Software 256

Zipline Logistics

DECEMBER 2, 2019

Big box stores now keep a low, agile inventory that is built for quick turnaround and replenishment from its suppliers. To keep that inventory properly supplied and functioning as intended, stores now require that vendors have basically error-free supply chains. What Does that Mean for Your Retail Shipping Efforts?

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Shipping Retail 52

SYSPRO Smarter ERP

MAY 29, 2023

Key metrics that will indicate if marshalling is needed relate to picking and shipping. Marshalling can reduce returns caused by either the incorrect goods being shipped or the goods being faulty. It also includes pick confirmation to make sure that the items allocated to the order are the ones being shipped.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

6 River Systems

MARCH 19, 2020

And this made sense when warehouses were truly pass-through for inventory. It used to be that you would source, manufacture, store, send to a store and then the consumer would access that inventory. Now it’s possible to drop ship directly from the factory floor or fulfill an order directly from a warehouse.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Design Software Optimal Sourcing 52

Supply Chain Game Changer

OCTOBER 29, 2020

Knowing the cargo, the packing, and shipping requirements will enable the team to select the most suitable supplier from the database. Use of Freight Rate Benchmarking. Freight rate benchmarking and market intelligence will greatly assist you irrespective of the size of your business. Freight Shipping Intelligence.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

ThroughPut

JANUARY 28, 2019

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

Precoro

MAY 19, 2023

By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time. Inventory is one of the most important assets of any company, as it’s the basis for generating revenue. The relation is expressed as a ratio of average inventory divided by the net sales over a period of time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

GlobalTranz

SEPTEMBER 24, 2018

According to Michael Khalil of Inbound Logistics, primary transportation management challenges in e-commerce include: Increased complexity of shipping strategy. Increased complexity may be the result of additional shipping volume and the use of the freight consolidation and the consolidation program. Faster shipping.

Transportation Management 210

Transportation Management 3PL Logistics Network Optimization Software Supply Chain Network Software 210

Supply Chain Game Changer

NOVEMBER 11, 2020

For instance, reduced application of data may lead to over-ordering or under-ordering inventory, failure to hire enough seasonal workers, an inability to secure available shipping capacity, and more. While lean inventory is excellent throughout the year, it can lead to severe consequences during peak season. Integrate systems.

Inventory Reduction 84

Inventory Reduction Supply Chain Strategy Price Mitigation Strategies Strategy 84

Logility

MAY 16, 2018

As the seasons and styles change, many retailers are faced with a dilemma: what to do with the left over inventory. Automating replenishment allows the team to focus on value added activities which leads to reduced out-of-stocks, higher inventory turns and greater employee satisfaction. Create Pre-Packs.

Inventory Reduction 100

Inventory Reduction Supply Chain Planning Software Vendor Strategies Cost Reduction Strategies 100

Logility

AUGUST 25, 2020

Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. in inventory write-down and 20% drop in stock value. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Bankruptcy. Huge loss of IT talent.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Analyzes data to predict future inventory requirements and avoid stockouts.

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

The Logistics of Logistics

JANUARY 26, 2016

They allow you to set benchmarks and improve your business practices. Accuracy of Inventory Records. Your capacity to meet customer demands hinges on your ability to accurately report inventory. When you can account for inventory down to the item, you can better respond to customer needs. Are you backlogged?

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

Stord

APRIL 13, 2023

“After outgrowing our prior tech stack, we needed a better solution to manage our inventory and supply chain as it scales,” said Jamie Marshall, COO and co-founder at Snackpass. Coupled with Stord One Commerce , our new tech stack has helped us get a real handle on inventory management across multiple facilities.”

Omnichannel 60

Omnichannel Inventory Management Software Supply Chain Network Software Demand Planning Software 60

Intelligent Audit

APRIL 27, 2021

Late deliveries — customers want fast shipping that is reliable and affordable. Shipping timelines and delivery statistics, including accuracy and corrections in general ledger coding. Prioritize Better Inventory Replenishment. Capture and Use Real-Time Data to Benchmark Against the Current Market. Here are a few: .

Supply Chain Software 52

Supply Chain Software Negotiating Skills Supply Chain Planning Software Supply Chain Optimization 52

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. As a business strategy, SKU rationalisation helps you to reduce business costs, improve inventory management, increase operational efficiency, and enhance your brand image.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Supply Chain Shaman

AUGUST 12, 2020

After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital. In this orbit chart, Lenovo lags the competitor group at the intersection of inventory turns and operating margin and struggles to drive improvement. The reason? Is this leadership?

Gartner 235

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 235

Supply Chain Shaman

AUGUST 7, 2019

Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. inventory turns.

Supply Chain Design Software 250

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 250

Veridian Solutions

JANUARY 29, 2020

This is important for reducing order fulfillment errors, improving your inventory management and remaining competitive. Poor replenishment and reordering of inventory. Key indicators that your strategy is working include: Strong, Lean Inventory. A strong inventory is a benchmark for a working distribution fulfillment strategy.

Inventory Reduction 58

Inventory Reduction Expense Reduction Cost Reduction Strategies Material Savings 58

IQMS

MARCH 22, 2021

Getting warehouse management performance right keeps inventory handling costs under control while improving warehouse efficiency, leading to greater customer satisfaction because orders are shipping on time or early – delighting customers in the process.

Inventory Reduction 54

Inventory Reduction Resource Reduction Cost Reduction Strategies Material Savings 54

RFgen

APRIL 28, 2023

This analysis allows you to observe critical areas within your operation, including inventory, order management, material handling, and various components of warehouse management. The integration of warehouse technology allows organizations to collect data points across the warehouse and improve inventory and other processes.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Waste Reduction Expense Reduction 52

Material Handling & Logistics

DECEMBER 3, 2018

According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. In other words, 10% of orders being shipped by companies who are median performers have some form of failure or defect, so 10% of order recipients are disappointed.

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Inventory Reduction Supply Chain Planning Software 100

The Logistics & Supply Chain Management Society

JULY 14, 2021

Disconnected algorithms won’t work, because you lose visibility, and then to compensate, you need armies of planners and inventory buffers. For example, you have visibility into a container on the ship, see what orders are in there, and can reallocate if you need to – so that you can optimize services levels and costs. extra inventory.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

Veridian Solutions

DECEMBER 2, 2019

For instance, reduced application of data may lead to over-ordering or under-ordering inventory, failure to hire enough seasonal workers, an inability to secure available shipping capacity, and more. While lean inventory is excellent throughout the year, it can lead to severe consequences during peak season. Integrate systems.

Inventory Reduction 45

Inventory Reduction Supply Chain Strategy Price Mitigation Strategies Strategy 45

Logistics Bureau

AUGUST 2, 2021

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. Cost per Purchase Order and Cost per Invoice.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

GlobalTranz

DECEMBER 1, 2014

However, the diversity of the supply chain, and the importance of timely shipping and customer service, presents a unique challenge at best through several festive celebrations all year long. Benchmark DC Systems to Handle the Volume. Make your Inventory Omni-Channel.

DC 244

DC Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Planning 244

GlobalTranz

JULY 13, 2015

On-Time Shipping. This involves monitoring for the late departure of shipping containers as well as premature completion of a specific freight loading time. Furthermore, this could lead to more than the requested number of product being included in shipment, which results in shrink of inventory. Monitor Warehouse Capacity.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

CH Robinson Transportfolio

DECEMBER 13, 2016

Mexico Shipping Series Part 3: Transportation Success is More than a Low Rate per Mile.Transportfolio by C.H. Let’s take a look at three companies that have moved beyond some of the basic best practices like rate benchmarking and constrain based bids. Another customer faced climbing inventory carrying costs. The post U.S./Mexico

Mexico 34

Mexico Expense Reduction Cost Reduction Strategies Inventory Reduction 34

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52