ToolsGroup

FEBRUARY 4, 2020

When demand changes faster than a company’s ability to respond, you can end up with the wrong SKU mix and locations, frequent internal inventory transfers and expedites with high freight costs. Poor customer service levels. Improved forecast accuracy means we can provide the same high levels of service with less inventory. .

Supply Chain Planning Software 232

Supply Chain Planning Software Supply Chain Planning Inventory Reduction Supply Chain Software 232

ToolsGroup

APRIL 12, 2019

Too many companies get locked into traditional processes and a familiar vicious cycle: unable to reliably forecast an increasing number of SKU combinations, they load up on inventory to accommodate long-tail, erratic demand. It all starts with probability forecasting. percent, etc.,

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

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. With the rising costs of accessorial charges as the freight sat on the dock, moving freight by ocean container grew more problematic. Next Steps.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

QAD

FEBRUARY 20, 2024

The Causes of Stock Loss Sources of stock loss can include: Incorrect part movement Scrap with parts being dropped and damaged Shipping inaccuracy from warehouses and suppliers Manual mistakes in the processes Supplier performance Inaccurate forecasting Split shipments can also cause issues. Stock loss is a symptom of suboptimal processes.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

Logistics Bureau

MAY 8, 2023

Is your company one of the many that take a minimalist approach to freight management? Yes… I did say minimalist, not lean. When I say minimalist, I’m talking about the many companies which, while reliant on freight to keep supplies coming in and products going out, don’t see freight management as a core competency.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Freight Resource Reduction 52

GlobalTranz

MAY 24, 2016

The ideal TMS allows you to see where your resources currently are, and forecasting abilities give you the ability to determine what resources are available to train new hires. Freight Consolidation. Sometimes, the lines between FT and LTL are blurred, especially when all LTL shipments are compiled into FT via freight consolidation.

Purchasing Training 137

Purchasing Training Negotiating Skills Supply Chain Design Software Forecasting Software 137

ToolsGroup

JANUARY 25, 2021

ToolsGroup is how organizations achieve their target service levels while optimizing inventory—no matter how complex their supply chain is or how much demand changes. Reduce overhead such as overtime and expedited freight by more than 50%. Service-driven planning solutions. Demand Forecasting & Planning.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Optimization Software 156

Freightos

AUGUST 14, 2023

” ( Source) Global freight, with its blend of structured processes, unpredictable variables and high frequency, is perhaps the most fertile playground for the AI revolution. Logistics professionals overwhelmingly (96%) expect to leverage AI – with 14% already using or piloting solutions for pricing or customer service automations.

Logistics Network Optimization Software 253

Logistics Network Optimization Software Price Reduction Material Savings Supply Chain Software 253

GlobalTranz

MARCH 17, 2022

There have been fluctuations in demand that have made forecasting feel impossible. And moving materials and products was made difficult, especially at the start of the pandemic, due to closed borders, limited air freight, and driver shortages. Now, two years into the pandemic, it is still an ongoing challenge for manufacturers.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Inventory Reduction 247

Kinaxis

DECEMBER 18, 2014

2 Air freight without the fuel costs. 4 His forecast is always accurate. Let’s see that forecast! #5 6 No customer service issues. If a customer is rude, obnoxious or grumpy they get a rotten egg and a lump of coal and told to stick it where the mistletoe doesn’t grow. #7 5 One currency for every country.

Agile and Lean Supply Chain 275

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Planning Supply Chain 275

Logistics Viewpoints

MARCH 6, 2023

Ideally, IBP adds a stronger financial perspective to the process that in theory optimally balances customer service with profitability and even cash flow. For example, while GEON has over 2000 customers, initially they are manually building forecasts for 600 customers and 1200 ship-to locations.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 235

ToolsGroup

JANUARY 7, 2020

When you reduce uncertainty in your forecast, you can minimize inventory while guaranteeing service levels. Slash wasteful expediting costs and miles: When you better anticipate customer demand, you reduce the need to expedite with LTL and air freight, along with costly in-network transfers from warehouse to warehouse.

Inventory Reduction 194

Inventory Reduction Supply Chain Planning Software Waste Reduction Vendor Strategies 194

Supply Chain Shaman

NOVEMBER 15, 2021

Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Hazardous freight is the most likely to get “rolled” at the dock. On the one hand, we should celebrate the fact that the aggregate industry moved 38% more freight in 2021 when compared to 2019.

Supply Chain Design Software 278

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 278

Logility

JUNE 30, 2021

But with Logility’s inventory planning and optimization solution, the company is cutting through that complexity and optimizing their inventory, leading to upwards of $20 million in savings, and 2% higher service levels with minimal stock. Driving true visibility with a fast ERP integration.

Supply Chain Planning Software 174

Supply Chain Planning Software Logility Supply Chain Design Software Optimization Software 174

Logistics Viewpoints

JUNE 26, 2023

For Mars, digitalization has focused on improved customer service, cost reductions, and making their supply chain associates more productive. Mars Wrigley chose Transplace, now UBER Freight, for North America and a partnership with Maersk/E2Open for ocean freight. Meanwhile, customer service levels improved by 2%.

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

ToolsGroup

AUGUST 1, 2022

When you consider the fact that 30% of online shoppers purposely overbuy with the intention of returning what they don’t want, it’s worth considering how returns will factor into your demand forecasts if you’re selling via digital channels. A great return policy isn’t the only thing that will keep customers coming back.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

PINC

MARCH 30, 2020

By shifting from a forecast-driven ordering system to one that enables high levels of visibility and information-sharing, companies can effectively avoid the dreaded “bullwhip effect” in their supply chains. In many cases, the problem can be traced back to forecasting errors. How long can this boom in freight volumes last?”

Forecasting 130

Forecasting Forecasting Software Real-time Visibility Demand Planning Software 130

SCMDOJO

APRIL 9, 2024

Benefits include efficient tracking, vehicle and cargo safety, automated logs, route optimization, low operating costs, timely deliveries, fuel savings, reduced carbon footprint, and improved customer service. It will reduce human intervention and benefit significantly from insights derived from AI technologies.

Supply Chain Design Software 76

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 76

Enterra Insights

MAY 10, 2022

Bellini explains, “Plans are created so that they can be executed with real world variation, by structuring them with high levels of planned inventories, premium freight, expediting, and lead times, as well as staffing their execution with armies of planners, schedulers, and dispatchers. ” Martikainen agrees.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 130

Zipline Logistics

DECEMBER 22, 2020

But with freight conditions like those we have seen throughout most of 2020, building in additional lead time is an even more essential piece of your logistics operational puzzle. Building-in additional lead time in a tight freight market is crucial. On-time freight performance also increased to 99.27%. Efficiency improvements.

Freight 52

Freight Cost Reduction Strategies Shipping Price Reduction 52

Supply Chain Shaman

NOVEMBER 15, 2021

Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Hazardous freight is the most likely to get “rolled” at the dock. On the one hand, we should celebrate the fact that the aggregate industry moved 38% more freight in 2021 when compared to 2019.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Supply Chain Shaman

NOVEMBER 15, 2021

Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Hazardous freight is the most likely to get “rolled” at the dock. On the one hand, we should celebrate the fact that the aggregate industry moved 38% more freight in 2021 when compared to 2019.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 195

Logistics Viewpoints

JANUARY 28, 2022

Forecast says US drayage rates will continue to rise in Q1. The shift to electric vehicles also aligns with FedEx’s commitment to enhancing its services and solutions in India, offering customers connectivity and access to global markets, while helping safeguard the health of the planet.

Logistics Network Optimization Software 211

Logistics Network Optimization Software Logistics India Mexico 211

Cathy Roberson

OCTOBER 4, 2023

Connecting the two platforms eliminates the gap between a sales transaction and customer service, and at the same time provides invaluable data to better serve the customer on their next experience and improve overall retail profitability,” said Pat Bohannon, vice president at Oracle Retail.

Logistics Network Optimization Software 57

Logistics Network Optimization Software Analytics Software Forecasting Software Predictive Analytics Software 57

Logility

JUNE 28, 2017

Accurate demand forecasts lay the foundation for an effective supply chain. Demand forecasts drive raw ingredient acquisition and manufacturing lead-times which are often longer than the order lead-time. Multi-mode freight optimization is another value-added tool that should be investigated by process chemical manufacturers.

Chemicals 100

Chemicals Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 100

Logility

AUGUST 17, 2016

This is where you should focus your precious time and resources to create the greatest value: Accurate demand forecasts lay the foundation for an effective supply chain. A process manufacturer must rely on forecasts because raw ingredient acquisition and manufacturing lead-times are almost always longer than the order lead-time.

Material Savings 100

Material Savings Inventory Reduction Expense Reduction Resource Reduction 100

Supply Chain Shaman

MARCH 21, 2022

Deaths in Hong Kong are at a record level as COVID outbreaks slow freight at Shenzhen and Qingdao ports in China. Very little freight is moving with prices skyrocketing and many rerouting containers to Ningbo. Gross Volume Patterns of Goods and Services. Data from the Economist on Goods and Services Sales.

Modeling 276

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 276

Logistics Bureau

OCTOBER 10, 2022

2: Forecast Accuracy. While your company can always make wilful decisions about service levels and, therefore, about the levels of inventory required to secure them, another critical barrier to optimal inventory, poor forecasting , is less straightforward to address. How to Improve Forecast Accuracy for Optimal Inventory.

Modeling 95

Modeling Inventory Reduction Network Optimization Supply Chain Optimization 95

Logistics Viewpoints

DECEMBER 5, 2022

There was no air freight possible then into Europe,” added Gerald van den Eijnden. You would call up the freight forwarders, and they would send an Excel spreadsheet” that contained all the shipments for Molex in the coming days or weeks. Molex began the journey with Nexus by working to improve visibility to ocean freight.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

Unleashed

JANUARY 14, 2024

This includes key activities such as the forecasting, ordering, receipt, storage, and auditing of inventory items. Bulk purchasing of raw materials provides manufacturers with a buffer against spikes in customer demand, and supply chain issues. Align the production schedule with the demand forecast and customer orders.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

BlueYonder

NOVEMBER 14, 2022

They’ve embraced powerful digital solutions, enabled by artificial intelligence (AI) and machine learning (ML), that help them gather near real-time data from across the end-to-end supply chain, then apply those insights to make rapid, fact-based decisions that dynamically balance customer service excellence with profit margin protection.

Supply Chain Planning Software 73

Supply Chain Planning Software Modeling Agile and Lean Supply Chain Supply Chain Planning 73

GlobalTranz

OCTOBER 16, 2018

By 2020, the value of B2B e-commerce will surpass $1 trillion, and manufacturers, distributors, retailers, reverse logistics managers, third-party freight brokers and logistics services providers are working to keep up with the trend. Digitized freight forwarding, enabling faster, more cost-effective global trade.

Logistics Network Optimization Software 161

Logistics Network Optimization Software Inventory Management Software Analytics Software Supply Chain Software 161

ModusLink Corporation

SEPTEMBER 1, 2023

Supply Chain Management In the ever-evolving world of freight and logistics, volatility has become the new normal. Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. Let’s think back on demand forecasting and warehousing management.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Manufacturing Procurement 78

EazyStock

APRIL 28, 2022

You could also integrate aspects of the supply chain into your business, such as Lidl setting up their own container shipping company to reduce delivery delays and freight rates. Increase technology to improve forecast accuracy. Improved customer service and satisfaction by reducing or eliminating stockouts.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Software 52

EazyStock

APRIL 28, 2022

You could also integrate aspects of the supply chain into your business, such as Lidl setting up their own container shipping company to reduce delivery delays and freight rates. Increase technology to improve forecast accuracy. Improved customer service and satisfaction by reducing or eliminating stockouts.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Software 52

EazyStock

JANUARY 6, 2023

Getting the basics right Improving forecast accuracy Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. This will also enhance customer experience as you’ll have enough stock to meet customer demand.

Supply Chain Planning Software 52

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

EazyStock

JANUARY 6, 2023

Improving forecast accuracy. Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. This will also enhance customer experience as you’ll have enough stock to meet customer demand. You can read more about demand forecasting techniques in our article.

Supply Chain Planning Software 52

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