Logistics Bureau

AUGUST 7, 2023

That said, it’s a balance that can be difficult to achieve without honing your demand forecasting capabilities to a fine point. Symptoms of Inadequate Demand Forecasting Signs that your forecasting is not up to snuff might include the following: Frequent stock-outs in your warehouse(s). Book a free consultation.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

Logistics Viewpoints

DECEMBER 8, 2022

The network supports a wide array of messaging types including real-time GPS, EDI, and API-based capacity requests, bookings, statuses, and customs messages. The company is focused on ocean shipping. The company streamlines and standardizes the shipping process worldwide for a network of over 220,000 shipping professionals.

Rail Software 187

Rail Software Real-time Visibility Supply Chain Network Software Supply Chain Planning Software 187

Demand Solutions

DECEMBER 30, 2014

But regardless of whether you plan to read a book every week, go running every day at 6 AM, or finally put some money in your IRA, I believe the New Year is a perfect time to make some resolutions about your supply chain. Relatively few companies have adequate measures of order fill rates or forecast accuracy. This isn’t good enough.

Forecasting 190

Forecasting Supply Chain Planning Supply and Demand Scenario Planning 190

GlobalTranz

FEBRUARY 18, 2022

Fuel surcharges simply reflect rising fuel costs, but accessorials can quickly raise LTL shipping costs as carriers levy fees for additional services like liftgate use and delivery/pickup appointments. Cloud-based transportation management platforms help digitize operations to rate, book, track and manage LTL in one solution.

Trends 227

Trends Resource Reduction Cost Reduction Strategies Inventory Reduction 227

Supply Chain Shaman

OCTOBER 8, 2019

The budget is not sufficient and is often a detrimental input for supply chain forecasting. Why Is the Financial Forecast Not a Good Proxy for a Supply Chain Forecast? There are many reasons why the budget cannot be used as a supply chain forecast. The supply chain forecast is a rolling forecast.

Supply Chain Design Software 187

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 187

Freightos

SEPTEMBER 8, 2020

Shipping containers are like scotch. . But decisions about how many barrels to produce or how many ships to sail have to be made in advance. As ocean carriers were just signing checks to build massive ships, the global financial crises hit and shipment volumes sunk like a Led Zeppelin. Enter COVID-19.

Purchasing Skills 218

Purchasing Skills Price Reduction Freight Supply Chain Software 218

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

But decisions about how many barrels to produce or how many ships to sail have to be made in advance. As ocean carriers were just signing checks to build massive ships, the global financial crises hit and shipment volumes sunk like a Led Zeppelin. before any interested shippers are deterred from booking. Enter COVID-19.

Purchasing Skills 217

Purchasing Skills Price Reduction Freight Supply Chain Software 217

Supply Chain Opz

MARCH 26, 2015

So next 2-3 sections we will discuss about forecasting related issues. What is the Best Forecasting Model? Most inventory control and operations management books tell people to choose a forecasting model that produces the lowest forecast errors. How to Reduce Forecast Error?

Inventory Reduction 113

Inventory Reduction Inventory Forecasting Manufacturing Procurement 113

ThroughPut

OCTOBER 16, 2022

Demand planning is a key requisite for holistic supply planning as it involves building an accurate forecast of future demand based on supply drivers, to meet customer needs as precisely as possible. Therefore, one of the most critical aspects of the replenishment components is demand forecasting. Real-Time Forecasting.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Modeling Supply Chain Planning Software 52

Supply Chain Shaman

AUGUST 26, 2015

As the markets plummet, it is time to remind ourselves that demand is not a forecast. Traditional forecasting approaches are not adequate in a time of market volatility. In the real world, companies operate with a Mean Absolute Forecast Error of 24-60%, and have a bias of 9-40%. Markets drive supply chains.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Freight Center

OCTOBER 17, 2019

The National Retail Federation forecasts that this year, Halloween spending by Americans will reach $9 billion. Shipping the Treats. Confectionary companies shift into overdrive creating and shipping their savory treats from A to B. Ship alone if you dare. Avoiding the Tricks. What’s your plan?

Shipping 47

Shipping Supply Chain Planning Software Forecasting Software Forecasting 47

The Logistics & Supply Chain Management Society

APRIL 26, 2022

As of January 1, 2022, it was taking a company an average of 73 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey, according to E2open’s Ocean Shipping Index. Greener Shopping and Shipping: The Rise of Carbon Neutral e-Commerce Delivery.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Supply Chain Shaman

JANUARY 31, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Source E2open Shipping Index). Beating the growth forecast and improving margins drove lucrative bonus programs. Market inflation sits at 7%–the highest since June 1982.

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

Logistics Viewpoints

SEPTEMBER 6, 2023

Amazon’s patent for anticipatory shipping generated quite the media buzz a decade ago. Fast forward to last week when I came across another reference to this patent in the book Prediction Machines – The Simple Economics of Artificial Intelligence. My second impression was “how can this be patentable?”

Shipping 234

Shipping Inventory Reduction Predictive Analytics Software Cost Reduction Strategies 234

Supply Chain Shaman

FEBRUARY 7, 2022

The two most significant factors were a rise in time between the booking to gate in at the port, up 43%, and the ocean transit time, up 36%. Source E2open Shipping Index). Beating the growth forecast and improving margins drove lucrative bonus programs. Market inflation sits at 7%–the highest since June 1982.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Zipline Logistics

DECEMBER 22, 2020

What Is Shipping Lead Time? When comparing shipping costs for a Zipline customer, having additional shipping lead time provided the shipper with substantial savings. With more shipping lead time, Zipline Logistics could book preferred carriers on orders and offer even higher levels of customer service.

Freight 52

Freight Cost Reduction Strategies Shipping Price Reduction 52

Locus Robotics

MARCH 14, 2024

The Total Guide to Warehouse Automation : The physical copy of this book was one of the top swag items at our booth. From receiving and putaway to picking, packing and shipping, learn how the right technologies can streamline workflows, reduce costs, and set your warehouse up for future success.

Prescriptive Analytics Software 59

Prescriptive Analytics Software Inventory Management Software Supply Chain Software Analytics Software 59

Turvo

JUNE 12, 2020

In today’s world, anyone can start a business, grow into a successful broker, and work with the biggest names in shipping. Of course, these problems all lead to fewer bookings and worse profit margins, but a darker side remains. According to TruckingInfo , “that gives us the capability to forecast out much farther than our competitors.

Analytics Software 53

Analytics Software Analytics Expense Reduction Cost Reduction Strategies 53

Supply Chain Shaman

FEBRUARY 18, 2021

More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings. Dwell times grow as more and more ships sit in the ocean waiting to unload.

Supply Chain Planning Software 292

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 292

BlueYonder

JANUARY 22, 2024

While this blog provides an overview of our key findings, the complete results are summarized in our new e-book, “Distribution Executives Agree: It’s Time to Up the Ante on Order Management.” As you review our new e-book that highlights Blue Yonder’s survey results , ask yourself, “Where is my organization on the adoption curve?”

Distribution 90

Distribution Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies 90

Talking Logistics

MARCH 20, 2018

It is continually important to be proactive about identifying capacity trends and daily shipping reality. Examining and sharing inventory forecast data with supply chain partners can help you be proactive with your international transportation partners in order to get the space you need. Getting Ahead with Export Space.

Capacity 101

Capacity Transportation Forecasting North America 101

Talking Logistics

SEPTEMBER 20, 2017

Peak season for ocean freight shipping is underway. Here’s an easy way to think about the regular and potential future disruptions that could impact your ocean shipping strategy, and what you can do to prepare for what comes next. At these times of the year, you should see less risk to your standard ocean shipping strategy.

Scenario Planning 106

Scenario Planning Supply Chain Planning Freight BRIC 106

Supply Chain Shaman

JULY 22, 2016

Shifting demand increases cost and complexity while shaping demand increases market share or baseline forecast demand for the product. There are many misconceptions that must be challenged: 1) Demand Management Is Forecasting. 2) One-Number Forecasting. Demand for products/services is not unlimited. It is finite.

Supply and Demand 150

Supply and Demand Modeling Forecasting Price Reduction 150

ToolsGroup

FEBRUARY 7, 2022

Whether it’s curbside pick up, ship-to-store, or overnight delivery, the need to have your inventory in the right place at the right time – when your customers want it, and not one minute later – has never been more imperative. The Need for Speed: Transforming Stores Into Distribution Centers. The ROI of Retail Planning Tools.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ThroughPut

NOVEMBER 16, 2021

When fed enough data, machine learning systems can forecast bottlenecks and suggest alternative delivery routes. Demand forecasting. For retail supply chains knowing trends ahead of time can lead to accurate demand forecasting. The trend-spotting abilities of AI make it a powerful tool while anticipating demand.

Inventory Reduction 52

Inventory Reduction Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 52

Herlitz Inventory Management

JANUARY 19, 2022

It is essential how quickly HIMPACT and its forecasts react to change because change is a constant in our business. Daily Re-Forecasting and Alerts. HIMPACT re-forecasts every item every day. The forecasting, as a result, is quite accurate and enables Imperial Distributors to react quickly to changes. Marc Lajoie.

Optimal Sourcing 52

Optimal Sourcing Forecasting Forecasting Software Inventory Management Software 52

20Cube Logistics

SEPTEMBER 17, 2021

Supply Chain Forecasting. After you place an order with a vendor, you use the estimated delivery dates to forecast your next order, logistics, and distribution. MyHub automatically adjusts your forecast if there are any changes at any point with your inventory, production, or shipping.

Forecasting 52

Forecasting Logistics Network Optimization Software Forecasting Software Purchasing Skills 52

ThroughPut

SEPTEMBER 27, 2021

Demand forecasting is a means to not just anticipate demand, but also strengthen systems that cater to this demand. Warehouse stock levels need to be matched closely with demand forecasts, sales orders, and reorders. Real-Time Forecasting. Warehouse Stock Levels. Process-Oriented Replenishment .

Inventory Reduction 52

Inventory Reduction Vendor Strategies Optimal Sourcing Modeling 52

Logistics Viewpoints

JANUARY 4, 2022

Returns are labor intensive and expensive for both retailers and logistics companies and cost retailers an average of $10 to $20 per return before adding shipping costs. According to Allied Market Research, the returns market is forecast to reach $822B by 2025. Returns Made Easier with SaaS Platforms and Technology.

Logistics Network Optimization Software 215

Logistics Network Optimization Software Supply Chain Design Software Forecasting Software Predictive Analytics Software 215

Supply Chain Shaman

AUGUST 14, 2016

It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. In contrast, the traditional supply chain forecasts using historical orders and adjusts based on sales forecasting. The sharing forecasts in supplier relationships is of little value. Order Policy.

Material Savings 186

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 186

Kinaxis

SEPTEMBER 13, 2017

They were one of the early pioneers of voice recognition technology, and produced a device about the size of a small paperback book, that had an active vocabulary from 300 to 10,000 words. The reasonable forecast and predictability of consumer shopping habits is not straightforward any longer. Verbex had nothing to do with oil.

Supply Chain Planning Software 239

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Software 239

ToolsGroup

DECEMBER 16, 2021

In his book, Lean Retail & Wholesale , professor and author Paul Myerson defines the shift towards lean retail as “a dramatic change in the way products are ordered and distributed that is far more data-centric and focused on understanding and meeting customer demand.” What is Lean Retail?

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

Supply Chain Shaman

SEPTEMBER 30, 2014

It needs to be an accurate signal reflecting real-time changes as orders are shipped throughout the day. Additionally, get good at forecasting. Measure your own Mean Absolute Error (MAPE) of your forecast and focus on driving improvement. If you get serious, I want to write your story in the new book that I am writing. .

Optimal Sourcing 299

Optimal Sourcing Forecasting Forecasting Software Supply Chain Network Software 299

Talking Logistics

MARCH 4, 2016

GameStop expects fewer price markdowns with ship from store service ( Dallas Business Journal ). Now, we’re shipping from stores. Terra’s Demand Sensing capabilities allow companies to combine massive amounts of data from the supply chain to leverage demand signals which dramatically improve forecast accuracy.

Logistics Network Optimization Software 0

Logistics Network Optimization Software Supply Chain Planning Software Forecasting Software Supply Chain Network Software 0

Enterra Insights

MARCH 28, 2024

According to the book Intelligent Automation , 42% of work can be automated, 32% of work can be augmented, and 26% of work can be eliminated. He explains, “One of the holy grails of supply chain management will arrive when we combine both [physical and cognitive automation]. These numbers account for 84% of the workforce.

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software 130

Logistics Bureau

DECEMBER 4, 2023

The picking system works because Amazon sells directly to consumers, so it rarely ships pallets or even sealed cases of any SKU. Book Now Let’s talk about your warehouse layout! Book your free consultation. Book Now Ready to review and improve your inventory management? Book a free consulting call now.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

Enterra Insights

JUNE 25, 2021

Kearney’s Consumer Products and Retail Practice, asserts, “Retailers need to review forecasts and inventory commitments for Holiday 2021 which could be a blockbuster. And as retailers struggle to catch up, imports could be capped in the months ahead by a trans-Pacific shipping network that has reached its limit. year-over-year.

Supply Chain Planning Software 130

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