The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Organisations that have successfully implemented RPA initiatives report cost savings of up to 80% and time savings of up to a staggering 40%. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Purchase Order Management.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Supply Chain Shaman

SEPTEMBER 5, 2022

These teams are also more advanced in the use of planning and more advanced analytics concepts. To put this in perspective, if they had no planning system and no planners and just assumed that they would ship based on prior shipments, the forecast would be better, and the inventory levels more accurate. Private Equity M&A.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

Supply Chain Shaman

JANUARY 21, 2014

In companies, there is no standard model for demand processes. New forms of analytics make new capabilities possible. <In fact, so much so that I wrote a book about it.> Let’s start with these: Demand Sensing: The reduction of time to sense purchase and channel takeaway. It is evolving. Independent Demand.

Supply and Demand 346

Supply and Demand Modeling Demand Planning Software Forecasting 346

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. and “what is a reasonable range of rates for our company’s typical shipping scenarios?”.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

crisp

OCTOBER 3, 2023

Inflation and economic uncertainty loom large , directly influencing consumer purchasing behavior. Consumers are undoubtedly becoming more cost-conscious , but how can businesses leverage this shift to their advantage? And how can brands effectively prepare for the year’s most crucial shopping season?

Waste Reduction 52

Waste Reduction Inventory Reduction Vendor Strategies Resource Reduction 52

crisp

OCTOBER 20, 2022

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset. Distribution.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

Enterra Insights

JUNE 25, 2021

For example, overall retail sales in April rose by 51.2% ”[2] Both Brown and Miller base their predictions on the U.S. Census Bureau’s March retail trade report, which predicted a booming holiday season. Make foolproof arrangements for shipping your goods … and do it early.” year-over-year.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 130

Talking Logistics

NOVEMBER 10, 2014

Ralf Kahre and Patrick Gött began their presentation with an overview of BASF’s Business Process Management (BPM) Operating Model, and then discussed how they applied the model to improve the Purchase-to-Pay (P2P) process. Time Slot Booking/Optimization (aka “Dock Appointment Scheduling”) Delivers Cost and Productivity Savings.

Optimal Sourcing 171

Optimal Sourcing Supply Chain Planning Software Supply Chain Network Software Optimization Software 171

Supply Chain Shaman

OCTOBER 8, 2019

The budget is for a fiscal year with quarter reporting and updates. The direct connection between the two processes increases costs and increases error. Instead, it should be mapped as an input to track supply chain forecasting to financial budgets for reporting and insights. Let’s take an example. Apparel is an example.

Supply Chain Design Software 190

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 190

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. eCommerce Purchases and “The New Normal” Retail Categories. Take Burlington, for example.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Supply Chain Opz

MARCH 26, 2015

Most inventory control and operations management books tell people to choose a forecasting model that produces the lowest forecast errors. Then, many people think sophisticated forecasting models will do a better job. For example, Box-Jenkins model was recently outperformed by a simple forecasting method.

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

Precoro

JULY 9, 2023

According to research by Ardent Partners in 2023, over two-thirds of invoices are linked to a purchase order, indicating that about one-third of invoices are not. While it may be tempting to assume that skipping purchase order creation speeds up the procurement process, the study emphasizes the disadvantages of such an approach.

Procurement Solutions 98

Procurement Solutions Procurement Analytics Purchasing Skills Eliminating Excel in Purchasing 98

Supply Chain Shaman

JULY 29, 2013

” When I first started working on the book Bricks Matter , I believed it too. Which supply chain metrics correlate to market capitalization by Morningstar sector? In 2012, supply chain process evolution was thirty years old, and I wanted to use the book, Bricks Matter, as a litmus test to tell the story of success.

Supply Chain Planning Software 297

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 297

SYSPRO Smarter ERP

SEPTEMBER 8, 2021

A recent report The Fictiv 2021 State of Manufacturing report has shown that many companies are in the process of becoming more digitally proficient and organized. It ties into the ERP system where quotes and purchase orders are managed. IM&E companies need to start looking at digitizing operations. Operations.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Forecasting Software 115

Precoro

AUGUST 1, 2022

Purchasing for the business is universal, but what matters the most is how it’s handled. Read on how to utilize Purchase Requisitions to start the procurement process on the right note. Purchase Requisition Is a First Step of the Procurement Process. What Is a Purchase Requisition. Who Issues It?

Procurement Solutions 98

Procurement Solutions Procurement Analytics Purchasing Skills Negotiate Pricing 98

Freightos

FEBRUARY 16, 2020

Recent developments in freight digitization are simplifying the shipping process and giving visibility to freight pricing enabling small players to handle the logistics side of their business more easily, transparently and efficiently. But this spike put capacity on container ships at a premium, pushing freight rates way up as well.

Purchasing Skills 177

Purchasing Skills Supply Chain Software Price Reduction Manufacturing Procurement 177

MIT Supply Chain

FEBRUARY 3, 2022

For example, a Just Transition Declaration was signed by 16 governments in October 2020 at the COP26 conference in Glasgow, Scotland. One example is the transition to green freight transportation, and more specifically, how the adoption of fuel-efficient vehicles and practices could have negative outcomes for labor.

Sustainability 52

Sustainability Supply Chain Software Supply Chain Purchasing Skills 52

NC State SCRC

FEBRUARY 20, 2023

Over the decades, EDI standards emerged that cover a variety of supply chain artifacts and activities , from Purchase Orders & Acknowledgements (EDI 850 & 855) to Invoices (EDI 810) to Shipping Manifests (EDI 856). The PoV proposes that “ API and EDI integration” is “the future” and cites examples where APIs (e.g.

Analytics Software 52

Analytics Software Supply Chain Planning Software Modeling Software Data 52

Logistics Bureau

AUGUST 7, 2023

Your competitors are shipping orders at a faster rate than your warehouses can achieve. BOOK NOW Need help with demand forecasting accuracy? Book a free consultation. In such a scenario, upon receipt of the returned item, you should ship it back to the vendor immediately or at least stage it in readiness for onward shipping.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

6 River Systems

NOVEMBER 30, 2020

Michael Porter, an economist, researcher and former Harvard Business School professor , wrote several books on competitive advantage that are taught widely across several disciplines in higher education today. These cost savings can translate to lower prices for goods and services for consumers.

Warehousing 52

Warehousing Supply Chain Software Analytics Software Price Reduction 52

Logistics Bureau

APRIL 3, 2023

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Precoro

SEPTEMBER 1, 2022

Scroll down to learn what record types are in NetSuite, what is Purchase Order record type, and how to find it. An example of this category is the transaction record type. Analytical. To view each record type you have access to in your account, click New Dataset on the Analytics Home page. Record Types in NetSuite.

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 52

Talking Logistics

OCTOBER 15, 2018

Especially since many retailers have already purchased and shipped their goods ahead of the looming tariff changes. Recent industry reports detail the plight of retailers who aren’t utilizing agile inventory management to their best advantage.

Inventory Management Software 101

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 101

Precoro

OCTOBER 10, 2022

In today's competitive market, where it's not all about cost savings, tracking procurement performance and aligning it with business goals and objectives is a must-have. So how do you measure the effectiveness of procurement operations within your organization? What Are Procurement KPIs, and Why Use Them?

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Manufacturing Procurement Procurement Solutions 52

NC State SCRC

NOVEMBER 6, 2021

Nowhere is digital transformation needed more than the Los Angeles port, where major operational disconnects are occurring between ships, trains, and trucks. However, not every supply chain and procurement decision fits neatly into this category. But if a machine were doing this work, it wouldn’t question the lead times.

Purchasing Training 52

Purchasing Training Supply Chain Planning Software Supply Chain Planning Negotiating Skills 52

Supply Chain Shaman

SEPTEMBER 20, 2015

One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supply chain.” I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In The discussion of customer-segmented supply chains happens often.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. But first, let’s look at the background of OTIF metrics and why they came to be. If unable to find a product in store, consumers are quick to turn their attention online and purchase goods there.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Vinculum

JULY 6, 2021

For example, Bower and Maxham, have concluded that customers who were supposed to pay for returns decreased their spending with the same retailer by 75-100% within 2 years and those who had free returns increased their spending by 158-457%. The importance of free returns is highlighted in various reports by giant business retailers.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Software Procurement Analytics 52

Logistics Bureau

SEPTEMBER 21, 2020

The technologies and business models supporting these platforms are also being applied to logistics and supply chain management, especially across activities such as warehousing, transportation, and shipping—with astonishing success. Example #2: Airtasker. Example #2: Airtasker. Other Examples. million in FY17.

Supply Chain Design Software 84

Supply Chain Design Software Logistics Network Optimization Software Predictive Analytics Software Demand Planning Software 84

EMERGE App

MARCH 11, 2021

The company can still operate even if there’s no inventory in the books. The promise to fulfill contains a shipping date which the customer accepts to wait. The customer is notified through shipment confirmation email when the backorder product has been shipped. What is a Backordered Item? Dropshipping.

Material Savings 52

Material Savings Inventory Reduction Vendor Strategies Waste Reduction 52

Requis

MAY 22, 2020

He is the Bank of America Distinguished Professor of Operations and Supply Chain Management at NC State University, and is a prolific author of articles and books, most recently The LIVING Supply Chain (co-authored with Tom Linton). In the 1990s, purchasing managers were focusing on how to beat up their suppliers in order to buy cheaper.

Data 52

Data Manufacturing Procurement Supply Chain Design Software Agile and Lean Supply Chain 52

Enterra Insights

MAY 31, 2019

” The quote finds its origins in Sir Francis Bacon’s book Meditationes Sacrae , which was published in 1597. consumers expect orders, with free shipping, to arrive within three days. For example, do they desire same-day delivery? Invest in technology and analytics. are becoming increasingly demanding.

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

Freightos

APRIL 16, 2015

We’ve rounded up the top 20 logistics technology innovations changing the way over $18 trillion dollars of goods are shipped annually. Freight Marketplaces : Cargomatic is a prime example of the rebirth of freight marketplaces. And yes, it’s not just size; technology plays a key role in keeping those ships operating.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Supply Chain Software Optimization Software Supply Chain Network Software 120

Resilinc

AUGUST 3, 2021

These concepts can be hard to define and measure, and even harder to integrate into procurement. A small food or beverage brand, for example, can rely on suppliers’ certifications that their ingredients are “organic” or “fair trade.”

Sustainability 69

Sustainability Price Reduction Supply Chain Strategy Manufacturing Procurement 69

Unleashed

AUGUST 28, 2023

The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. It represents your true cost of creating and selling a product. What is cost of sales? Cost of sales is the accrued total of all the costs of supplying a product.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Cost Reduction Strategies Examples 52

Locus

JUNE 23, 2023

With an efficient order fulfillment process, businesses can reduce their shipping costs and improve their turnaround times which helps them increase their sales and revenue. This process is crucial to ensure the right products are shipped to the customers at the right time. How many orders am I currently shipping?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Vendor Strategies 52

Locus

MARCH 28, 2022

For example, clothing stores enable customers to browse and try out the merchandise in person, get helpful suggestions from the human sales staff, and receive a seamless checkout experience with automated cashiers. Myntra’s Roadster Go (India) store is a fine example of this category. How COVID-19 has changed the face of retail.

Retail 52

Retail Cost Reduction Strategies Price Reduction Inventory Reduction 52