Intelligent Audit

AUGUST 18, 2021

Reverse logistics planning has always been an essential aspect of supply chain operations and inventory management, but its impact may surpass anything seen in the modern transportation industry. The Challenge of Reverse Logistics Planning and the Holiday Shopping Season.

Reverse Logistics 52

Reverse Logistics Supply Chain Planning Software Supply Chain Planning Logistics Network Optimization Software 52

Enterra Insights

OCTOBER 21, 2021

Today’s complicated returns processes more often than not involve reverse logistics, which can be a real headache for retailers. Ryan Semrow, Product Owner for Reverse Logistics at C.H. Robinson, explains, “Reverse logistics refers to any portion of the reuse of products and materials in a supply chain.

Reverse Logistics 130

Reverse Logistics Cost Reduction Strategies Material Savings Manufacturing Procurement 130

Logistics Viewpoints

JUNE 1, 2023

It is not easy for companies to cope with customers’ sudden changes in demand without agile planning capabilities leveraging advanced technologies such as AI/ML and Optimization. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

Enterra Insights

OCTOBER 22, 2021

The bane of e-commerce is the large percentage of purchased items that are returned. As noted in the initial installment of this article, Elise Dopson reports, “Data suggests that 20% of online-bought products are returned, compared to just 9% of items bought in a brick-and-mortar store.”[1] Get Consumers to Keep What They Purchase.

Waste Reduction 130

Waste Reduction Cost Reduction Strategies Reverse Logistics Eliminating Excel in Purchasing 130

GlobalTranz

SEPTEMBER 22, 2016

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Supply Chain Managers and Procurement Professionals Avoid the Conversation.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Procurement Solutions Optimal Sourcing 120

GlobalTranz

OCTOBER 2, 2017

Obviously, shippers cannot track what consumers use their personal devices for all the time, but they can use metrics and Big Data to track what consumers are doing on their respective e-commerce sites. An effective last mile logistics strategy must be focused on consumer needs. Be Consumer-Centric. Think Outside-the-Box.

Inventory Reduction 363

Inventory Reduction Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Strategy 363

GlobalTranz

FEBRUARY 13, 2017

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. Meanwhile, Brazil, Russia and India will become major suppliers as companies access the remaining untapped resources of the world. Organizations Will Streamline Reverse Logistics.

Resource Reduction 205

Resource Reduction Inventory Reduction Trends Logistics Network Optimization Software 205

Enterra Insights

DECEMBER 26, 2022

The staff at Wired magazine notes, “Everyone returns a gift or an impulse purchase now and then. Today’s consumers take a lot of factors into consideration when they make a purchase — including product availability, price, delivery dates, and return policies. of all merchandise purchased in the U.S. ”[2].

Pricing Training 130

Pricing Training Purchasing Skills Purchasing Training Procurement Solutions 130

GlobalTranz

DECEMBER 29, 2014

If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. There are countless number of logistics service providers who offer many different types of broad and niche services. Read the full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. Returns management vs. reverse logistics Returns management refers to managing the entire returns process.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Intelligent Audit

NOVEMBER 12, 2020

For that reason, it comes as no surprise that more companies are looking to future-proof their supply chains around the demands of a 75-day peak season. Now, the survey didn’t necessarily emphasize that companies were moving toward logistics analytics. Analytics Must Offer Actionable Insights.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Procurement Analytics Analytics Software Analytics 52

ModusLink Corporation

MARCH 30, 2023

According to data shared by Vue.AI , “more than 60% of online shoppers say that they look at a retailer’s return policy before making a purchase. Today’s supply chain companies need to make money on returns. Unlike the forward view, reverse logistics follow the opposite process. Common Mistakes in Returns Management.

Sourcing Strategies 78

Sourcing Strategies Reverse Logistics Inventory Reduction Cost Reduction Strategies 78

Logistics Viewpoints

JANUARY 4, 2022

Each year in the United States, the return of goods purchased for the holidays usually peaks on one day in early January; the volume is so significant the day has been designated National Returns Day. This year, due to an increased number of e-commerce purchases, retailers and shippers will experience National Returns Week.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Supply Chain Design Software Forecasting Software Predictive Analytics Software 216

GlobalTranz

AUGUST 18, 2015

Many different factors have been previously discussed on specific details of selecting a 3PL , but have you truly learned how to identify the top-notch 3rd Party Logistics Companies from the fly-by-night, intermediary 3rd Party Logistics Companies? What Data Analytics and Business Process Strategy Services Are Offered?

Logistics Network Optimization Software 120

Logistics Network Optimization Software Analytics Software Company Predictive Analytics Software 120

GlobalTranz

OCTOBER 2, 2018

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. This is due to the higher rate of returns associated with e-commerce purchases. Going back to reverse logistics, consumers expect a hassle-free, cost-free returns process.

Logistics Network Optimization Software 198

Logistics Network Optimization Software Material Savings Vendor Strategies Cost Reduction Strategies 198

The Logistics of Logistics

MAY 12, 2021

Courtin has extensive global experience with both small and large companies – concentrations in B2B software and package applications. Today, brands that started as digital companies understand that to build true intimacy with customers, they need to be where their customers are, in the physical space – retail. About Tecsys.

Retail 245

Retail Logistics Network Optimization Software Supply Chain Software Procurement Solutions 245

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Price Reduction Inventory Reduction 98

ModusLink Corporation

NOVEMBER 23, 2022

In September 2022, Reuters reported that “FedEx (FDX.N), United Parcel Service (UPS.N) Reverse logistics and an inevitable load of return orders also impact e-commerce performance and planning with warehouse and distribution logistics. E-commerce return rates can often be expected to account for more than ¼ of all sales.

Distribution 78

Distribution Supply Chain Planning Software Warehousing Logistics Network Optimization Software 78

TransAudit

DECEMBER 13, 2023

Supply chains at a consumer goods company, for example, make up about 80% of the company’s greenhouse gas (GHG) emissions. This process also increases resilience, key in today’s uncertain global economy, and provides cost reductions. But, circular supply chains require cost-effective ways to recapture products to extract value.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 88

Intelligent Audit

JANUARY 19, 2023

Also, 79 percent of consumers surveyed expressed the desire for free return shipping, and the majority (92 percent) stated they would purchase again if the return process of a company were easy. Companies can learn a lot about how to satisfy customers by paying attention to these statistics. What Is Reverse Logistics?

Reverse Logistics 52

Reverse Logistics Logistics Network Optimization Software Optimization Software Analytics Software 52

Enterra Insights

DECEMBER 26, 2019

.”[1] In simpler times, shoppers would return items to the stores in which they were purchased — often exchanging them for other items (a win-win for both the consumer and the retailer). E-commerce has forever changed the reverse logistics formula. These standards have been adopted en masse by retailers. Some 61% of U.S.

Reverse Logistics 100

Reverse Logistics Purchasing Skills Manufacturing Procurement Waste Reduction 100

Logistics Bureau

APRIL 3, 2023

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. Meanwhile, outsourced logistics can help reduce your overhead costs by reducing the need for your company to own facilities and equipment, which can be expensive to maintain.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Enterra Insights

MAY 3, 2018

Consumers now take the digital path to purchase more often than not; but, they don’t care what retailers call their shopping journey or what strategies companies use to make the shopping journey a seamless one. ” Once a consumer completes his or her digital path to purchase (i.e., ’ They simply just shop.”[1]

Omnichannel 100

Omnichannel Procurement Analytics Supply Chain Design Software Analytics Software 100

Unleashed

AUGUST 20, 2023

For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier. There are many definitions for lead time in supply chain management.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Enterra Insights

DECEMBER 28, 2020

Matt Leonard ( @Matt_Lnrd ) reports, “The rate of returns through the e-commerce channel falls anywhere between 15% to 30%, according to a report [from CBRE and Optoro]. Anna Hensel ( @ahhensel ), an editor at ModernRetail, reports, “Some retailers are allowing customers to make in-person returns at other stores.

Reverse Logistics 100

Reverse Logistics Policies Purchasing Skills Procurement Analytics 100

Logistics Bureau

AUGUST 7, 2023

Multicha nnel Sales Complexity: Organise, Organise, Organise Does your company operate in the ecommerce sphere? However, larger companies can find maintaining inventory accuracy and process efficiency difficult, even with the most ardent attention to detail and the most organised approach to IM. Book a free consultation.

Inventory Management Software 74

Inventory Management Software Inventory Reduction Inventory Management Inventory 74

Elementum

DECEMBER 20, 2017

The National Retail Federation reports that this year more than 174 million Americans shopped from Thanksgiving through Cyber Monday (a mere five day window), exceeding their projection of 164 million. And while companies do need to strive to make sure they are keeping up with demand , their work doesn't end there.

Material Savings 76

Material Savings Supply Chain Design Software Supply Chain Design Supply Chain Strategy 76

SCMDOJO

NOVEMBER 17, 2023

We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. They are crucial for navigating the multifaceted challenges of the logistics industry.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70

Enterra Insights

FEBRUARY 8, 2021

The words ‘contactless’ and ‘frictionless’ have quickly become part of the vernacular and companies that have managed to break the mold and adapt are winning.” The rise in e-commerce during the pandemic has been widely reported. ”[4] Reda predicts technology will also play a larger role in-store.

Trends 100

Trends Retail Predictive Analytics Software Manufacturing Procurement 100

Intelligent Audit

AUGUST 5, 2022

million returns before the Christmas holiday, reported Tom Ryan of RetailWire. In other words, 2022 has created the perfect scenario for a pre-Christmas peak within the reverse logistics supply chain. The answer to better reverse logistics management during peak shipping seasons, especially the holiday peak, rests with data.

Reverse Logistics 52

Reverse Logistics Logistics Network Optimization Software Procurement Solutions Demand Planning Software 52

GlobalTranz

JANUARY 21, 2019

According to Steve Banker via Forbes , Amazon’s purchase of Whole Foods positioned the company to corner the omnichannel area , and Amazon went a step further. million returns, reports the Washington Post. White-glove logistics. Inbound logistics. Reverse logistics. UPS processed more than 1.5

Trends 152

Trends Shipping Purchasing Skills Supply Chain Software 152

Enterra Insights

APRIL 18, 2019

Even when a consumer concludes making an in-store purchase is their best option, they are likely to have used their smartphone to search for other options or to compare prices. The digital path to purchase is becoming the norm for many consumers and both retailers and manufacturers are taking notice. Reverse logistics.

Omnichannel 100

Omnichannel Supply Chain Design Software Supply Chain Planning Software Optimization Software 100

GlobalTranz

AUGUST 28, 2018

The costs of reverse logistics amount to more than $750 billion per year, and the demand for reverse logistics has risen in recent years with the rise of e-commerce. This is why blockchain in reverse logistics go well together. GET YOUR FREE WHITE PAPER. DOWNLOAD WHITE PAPER.

Reverse Logistics 121

Reverse Logistics Cost Reduction Strategies Logistics Network Optimization Software Purchasing Skills 121

Ware2Go

APRIL 11, 2023

This likely does not account for the impact of reverse logistics. The return rate on ecommerce orders can be up to 35% higher than in-store purchases, and the method of return varies — from scheduled carrier pickups, to in-store returns, to dropoff centers. In 2022 alone, eCommerce returns generated 9.5

Examples 52

Examples Sustainability Purchasing Skills Retail 52

GlobalTranz

MARCH 25, 2016

As explained by Bob Trebilcock , sustainability in logistics initiatives are ranked as “very important” for up to 40.6 percent, report having implemented sustainable solutions within the last two years. How Important Is Sustainability in Logistics? Furthermore, these companies must have a high level of integrity.

Sustainability 120

Sustainability Logistics Network Optimization Software Material Savings Logistics 120

Locus

FEBRUARY 22, 2022

OMS is especially beneficial for companies that sell via several channels as it centralizes sales, saves time, and increases productivity. Overselling, overstocking, and inaccurate forecasting are only some of the many issues that crop up if companies don’t accurately measure their inventory.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Planning Software Inventory Management Software 52