Techgistics

APRIL 30, 2023

Future-proofing your warehouse operation is essential in a world where e-commerce is booming and customer expectations are sky-high. For example, ML can be used to make autonomous slotting decisions - no more manual processes or dependency on spreadsheets to slot inventory. “ As a company’s fleet of robots grows.

Optimization Software 130

Optimization Software Predictive Analytics Software Optimal Sourcing Warehousing 130

GlobalTranz

NOVEMBER 12, 2015

Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement.

Continuous Improvement 120

Continuous Improvement Data Logistics Network Optimization Software Vendor Strategies 120

Kanban Logistics

FEBRUARY 27, 2020

The modern warehouse offers much more than basic storage. It’s home base for sophisticated eCommerce operations, high-velocity retail distribution, vendor managed inventory, and a variety of other services. Types of 3PL Warehousing. There are three basic types of warehousing available to you. The DIY method.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth.

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Unleashed

MAY 25, 2023

Do you know your optimal inventory levels? Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. What is inventory planning? It is a key function of modern inventory management. Let’s take a quick look at some of the core benefits of inventory planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

GlobalTranz

JANUARY 4, 2017

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

Logistics Viewpoints

FEBRUARY 5, 2024

If a company short ships TVs, they are fined more than if they short ship soup, for example. The visibility solution must be built in such a way that it can download order quantity and inventory data from a customer’s systems. The fines, Uber Freight reports, vary by the costs of the products being sold to Walmart.

Shipping 243

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 243

GlobalTranz

MARCH 5, 2015

It goes without saying that warehouses need to find ways to prioritize workplace safety for the health and productivity of the workforce. But what are some ways organizations can streamline operations for improved results overall? Optimize Labor Productivity. Maximize Vertical Space. Create Organized Workstations.

Warehousing 120

Warehousing Supply Chain Design Software Supply Chain Software Optimization Software 120

RFgen

MAY 16, 2023

Inventory drives the supply chain, ensuring the right amount of stock is available in the right place at the right time. But as supply chains continue to get more complex each year, delivering on target and on time becomes more difficult. That’s why most inventory handlers leverage data.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

RFgen

MAY 26, 2023

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Stockouts Stockouts occur when the warehouse runs out of a particular item.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

RFgen

JULY 14, 2023

If you are one of the many organizations that use an ERP platform for inventory control, then you already know how powerful this technology can be. But in today’s fast-paced supply chains, extending these capabilities onto the warehouse or shop floor with enterprise mobility is crucial to stay competitive. Let’s dive in!

Inventory Management Software 76

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Inventory Management 76

6 River Systems

FEBRUARY 22, 2019

Every warehouse strives for efficient order fulfillment. There are many factors that can impact costs, from warehouse replenishment practices to the warehouse equipment deployed to support the fulfillment process. ” Meet Our Panel of Warehouse Pros: Nate Masterson. Dave Masterson. Nate Masterson. MapleHolistics.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

GlobalTranz

DECEMBER 8, 2017

This scenario exhibits why tracking the right supply chain KPIs enables continuous improvement. That means the company is sitting on inventory for one week, so the number of reorders decrease. For example: A 50,000-pallet facility is using 42,000 pallets: the calculation is ( 42,000 / 50,000) x 100 = 84%.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Software KPI Supply Chain Design 170

Logistics Viewpoints

FEBRUARY 8, 2022

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% due to the higher costs associated with online selling. Transportation: Moving to a Digital Environment.

Logistics Network Optimization Software 187

Logistics Network Optimization Software Optimal Sourcing Supply Chain Planning Software Modeling 187

Logistics Viewpoints

MAY 26, 2022

There are lively debates about the meaning and prioritization of scale, globalization, outsourcing, and inventory optimization. Dealing with today’s uncertainty is driving greater decentralization, enabling in-store fulfillment, and leveraging pop-up warehouses and “micro-fulfillment” centers to increase flexibility.

Logistics Network Optimization Software 263

Logistics Network Optimization Software Optimal Sourcing Supply Chain Design Software Modeling 263

GlobalTranz

OCTOBER 25, 2017

Inventory tracking is among the top areas most impacted by omnichannel supply chain strategies, and consumer spending habits are forcing inventory tracking technology to evolve, making sure consumers can get the products they want, through the media and channels they want, and at the prices they want.

Inventory Reduction 125

Inventory Reduction Supply Chain Planning Software Analytics Software Inventory Management Software 125

Silvon Software

JUNE 1, 2023

KPIs are essential in S&OP as they provide a quantitative framework for gaining visibility, aligning efforts, supporting decision-making, and driving continuous improvement across the business. This includes procurement, production, transportation, warehousing, and distribution.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

Logistics Viewpoints

AUGUST 7, 2023

Cardinal Health, a global manufacturer and distributor of medical, surgical and laboratory products, is focused on continuous improvement of service. Global logistics leaders wanted to improve service levels, lower costs, and fortify Cardinal Health’s supply chain planning process. Indicators of success are critical. Count them!

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

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

Unleashed

JANUARY 31, 2023

Ideal product flow efficiency is achieved by optimising inventory control , minimising supply chain interruptions, and eliminating downtime. Establish a Just-in-Time strategy To reduce inventory wastage, a pull system – also known as a just-in-time (JIT) strategy – is introduced. Switching strategies can be disruptive.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 98

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story. We never ran out of or had too much inventory.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Unleashed

OCTOBER 18, 2021

By setting up a smaller, more convenient – and often automated – warehouse to fulfil orders, businesses can cut their fulfilment times significantly. It uses localised warehousing and combines it with the efficiency of automation – from order receipt to picking, packing and same-day delivery.

Inventory Reduction 104

Inventory Reduction Expense Reduction Cost Reduction Strategies Supply Chain Design Software 104

BlueYonder

OCTOBER 5, 2023

But LSPs also need to constantly identify continuous improvement opportunities to retain customers and demonstrate that they are delivering value. For example, freight forwarders are extending their service offerings to include e-commerce fulfillment. Bringing on new business is a big focus.

Logistics Network Optimization Software 112

Logistics Network Optimization Software Logistics Supply Chain Software Inventory Reduction 112

The Logistics of Logistics

JULY 14, 2013

To effectively and efficiently manage a warehouse, you need to use warehousing KPIs. Below is a listing of commonly used warehousing KPIs. A key performance indicator (KPI) is a metric that you have chosen that will give an indication of your performance and can be used as a driver for continuous improvement.

Warehousing 168

Warehousing KPI Just-in-Time Inventory 168

Unleashed

FEBRUARY 19, 2019

Just-in-time inventory (JIT) is the antithesis of just-in-case inventory and can be a valuable method of reducing waste and streamlining the supply chain. The benefits of JIT inventory are numerous, although they can only be realised with hard work to set up an intricate system involving many synchronised components.

Just-in-Time 67

Just-in-Time Inventory Management Software Inventory Reduction Inventory Management 67

synchrono

JANUARY 8, 2018

A few decades ago, Vendor Managed Inventory (VMI) was a hot topic. Many manufacturers saw it as a way to reduce inventory levels and costs. If they could get their suppliers to maintain ownership of raw materials or subcontracted components until consumed, inventory levels would naturally drop—on paper anyway.

Vendor Strategies 75

Vendor Strategies Inventory Reduction Inventory Manufacturing Procurement 75

Logistics Bureau

OCTOBER 31, 2017

Imagine stepping back in time to visit a large warehousing operation in 1990. Now imagine what the distribution center of 2045 will look like if technology continues to disrupt logistics as profoundly as it has done since the 1990s. 1990: A Fine Vintage for Warehouse Operators. 1990: A Fine Vintage for Warehouse Operators.

Supply Chain Software 47

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Warehousing 47

Talking Logistics

MAY 12, 2017

I was intrigued by the on-demand warehousing concept (or “Airbnb for warehousing” as some are calling it) and the business model and technology behind it. Could FLEXE build a network of warehouse providers that would buy into the model? It made a lot of sense, but would it work?

Logistics Network Optimization Software 0

Logistics Network Optimization Software Predictive Analytics Software Supply Chain Network Software Inventory Management Software 0

Logility

OCTOBER 22, 2020

For more than a decade, companies have used the power of machine learning to improve supply chain planning efficiencies and develop optimized supply chains. Data warehousing for consistent, harmonized and managed data across your entire supply chain. In-memory processing for robust analysis and fast response times.

Supply Chain Planning Software 182

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimal Sourcing 182

TrackVia

MARCH 25, 2024

These solutions help companies optimize their operations, from inventory management and asset tracking to supply chain management and warehouse operations. By providing real-time data and insights, mobile workflows enable manufacturers to make informed decisions, reduce waste, and improve overall efficiency.

Optimal Sourcing 105

Optimal Sourcing Supply Chain Design Software Cost Reduction Strategies Waste Reduction 105

Veridian Solutions

OCTOBER 16, 2019

WMS Use Increases Warehousing and Transportation Efficiency. While warehouses today deploy some level of automation, the value of automation in managing warehouse efficiency, scalability, and effectiveness will become paramount in 2020. These include: Improved customer experience.

Warehousing 45

Warehousing Supply Chain Software Demand Planning Software Inventory Management Software 45

Talking Logistics

MARCH 28, 2017

Focused on specific information—such as warehouse automation—this data is virtually useless for the shipper that wants to streamline and gain visibility over its yard processes. For example, companies can now do in days what used to take weeks of programming and customization. .

Supply Chain Software 0

Supply Chain Software Logistics Network Optimization Software Demand Planning Software Procurement Solutions 0

The Logistics of Logistics

MARCH 22, 2014

5 Warehouse Performance Management Tips. Many inventory errors occur when inventory management staff isn’t given the appropriate space to work. Consider giving inventory staff a generous workspace and this will save you from many future problems such as lost time, money and authority. Perform regular inventory counts.

Warehousing 160

Warehousing Inventory Reduction Material Savings Quality 160

The Logistics of Logistics

OCTOBER 8, 2012

The relationship will not work without trust and Continuous Improvements through constant communication in your relationship. Yes, I stress partnership and collaboration.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

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. An effective retail inventory management system will help ensure accurate tracking of your returns data.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

Loop Supply Systems

JULY 21, 2016

Eliminating Your Excess Inventory. Excess inventory is experienced by nearly every manufacturer – and it’s a big problem. Inventory is one of the 7 Lean Mudas (Japanese term for ‘waste’). COST OF EXCESS INVENTORY. Now think about all of your inventory. ROOT CAUSES. Poor safety stock calculations.

Inventory Reduction 40

Inventory Reduction Waste Reduction Cost Reduction Strategies Resource Reduction 40