SCMDOJO

MARCH 19, 2024

Customer service Despite Customer service being an integral part of the supply chain, as it involves ensuring timely and accurate delivery, handling customer inquiries and complaints, and maintaining strong relationships with customers, they do not report to the Supply chain head. Develop and implement strategies to optimize the supply chain.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Locus

JANUARY 29, 2023

It’s official: last-mile is the place to deliver growth, what with the explosion in online purchases by consumers showing no signs of shopping. The heat is on businesses to deliver excellence in last-mile fulfillment , contribute to revenue, and create experiences for consumers that keep coming back for more. But where does one begin?

Procurement Analytics 52

Procurement Analytics Cost Reduction Strategies Eliminating Excel in Purchasing Supply Chain Design Software 52

GlobalTranz

OCTOBER 20, 2017

Now includes installation, so home improvement shippers, like Home Depot and Lowes Home Improvement, must now consider eCommerce to be a venue for selling items requiring installation and assembly, reports Stuart Lauchlan of Diginomica. Leveraging Metrics, Shippers Find Better Ways to Excel at Customer Service and Last Mile Services.

Logistics Network Optimization Software 122

Logistics Network Optimization Software Logistics Procurement Analytics Cost Reduction Strategies 122

Precoro

MAY 27, 2021

It can either make you a company's superhero or add extra headaches and purchasing risks because poor supplier management leads to the following problems: Missed saving opportunities and not enough leverage in negotiating with new suppliers. Decision-making is obstructed by unclear reporting sequence. Segment your suppliers.

Negotiate Pricing 52

Negotiate Pricing Supplier Management Procurement Analytics Negotiating Skills 52

Zipline Logistics

MARCH 31, 2020

It measures on-time delivery performance and tracks metrics through a supplier scorecard given to all vendors working with Publix. . Publix calculates this metric monthly and reported to vendors. . Reports estimate that 24 percent of Amazon’s online revenue comes from this issue alone. .

Vendor Strategies 52

Vendor Strategies Guidelines Inventory Reduction Procurement Analytics 52

Veridian Solutions

JANUARY 23, 2019

It refers to the ability to buy online and pick up in store. retailers, up to 72 percent, lack click and collect capabilities, reports DC Velocity. Although this may not seem like a metric to track, knowing the amount of time necessary to pick a click and collect order is essential to making it profitable.

Retail 49

Retail Eliminating Excel in Purchasing Omnichannel Procurement Analytics 49

Supply Chain Game Changer

MARCH 26, 2021

It can also assist in determining specific metrics that affect the business. When repair work or fuel purchases are needed for fleet operations , some people make their decisions based on factors such as convenience or time investment. Seek Volume Discounts and Company Fleet Programs for Recurring Expenses.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Resource Reduction Price Reduction 98

Veridian Solutions

JANUARY 14, 2019

It refers to the ability to buy online and pick up in store. retailers, up to 72 percent, lack click and collect capabilities, reports DC Velocity. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Implementing click and collect capabilities sounds excellent, but it is much more complicated than meets the eye.

Retail 40

Retail Eliminating Excel in Purchasing Procurement Analytics Omnichannel 40

Unleashed

MARCH 26, 2023

Xero’s native inventory features include: Track up to 4000 stock items Enter and review stock quantities Add items to an invoice You can use this information in conjunction with Xero’s regular accounting suite to compare different financial metrics. But as customers purchase products, those levels need to shrink again.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 52

Supply Chain Game Changer

NOVEMBER 17, 2018

First you list your product, then you sell it, ship it and get paid. Always check the purchase price of the item you want to sell in the Amazon Revenue Calculator to see how much profit you will make after Amazon assesses their fees. Compare Shipping Costs. Chapter 1: What to Expect When Selling on Amazon. Calculating Revenue.

Negotiate Pricing 43

Negotiate Pricing Negotiating Skills Purchasing Skills How To 43

ShipBob

NOVEMBER 6, 2023

Cutoff analysis Cutoff analysis is when you pause operations such as receiving and shipping at the time of the physical count to ensure nothing is being handled and goes unaccounted for. Verify that invoices match the amount of items and cost of inventory shipped from your ecommerce warehouse.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Unleashed

AUGUST 18, 2021

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. A further 41% said they buy multiple versions of the same item with the intent of returning some of them. Eileen Fisher Renew is an excellent example of the reverse logistics process in action.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

ShipBob

DECEMBER 13, 2023

These metrics provide valuable insights into how well your inventory is managed. Using ShipBob: Gain access to analytics featuring comprehensive breakdowns, including your average cost per unit stored, the average number of units on hand, and other metrics pertinent to warehousing costs.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

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

Zipline Logistics

FEBRUARY 9, 2021

Logistics data refers to the metrics used to track, measure, and benchmark parts of your supply chain’s performance. Moreover, excelling at OTIF is a distinguished strategy in differentiating your brand from competitors. Additionally, 73% of respondents reported that they had ended relationships over delivery issues.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Performance Supply Chain Planning Software Cost Reduction Strategies 52

Supply Chain Shaman

AUGUST 14, 2016

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. The use of customer segmentation strategies to define order policies for lead times, discounts, allocation, and shipping priorities.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

ShipBob

AUGUST 25, 2021

And if a business is paying too much in shipping costs, it can majorly reduce profit margins. The first-mile delivery stage has a direct impact on your shipping experience and improving the former will deliver substantial gains to the latter. Some of these inefficiencies often start with improper purchase ordering.

Supply Chain Design Software 52

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

Supply Chain Shaman

JUNE 14, 2014

I think about this discussion with Keith often as I work on the Supply Chain Index and edit the chapters of Metrics That Matter. Our current processes and dependencies on Excel spreadsheets cannot get us to our goal. E2open last week announced the purchase of Serus. I believe that value is what you create. 3) Risky Business?

Optimal Sourcing 283

Optimal Sourcing Manufacturing Procurement Procurement Analytics Modeling 283

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Optimize delivery routes, improve freight operations, and propose the best shipping methods to you.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Supply Chain Shaman

AUGUST 26, 2015

Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. The inherent buying patterns of consumers are also changing.

Supply and Demand 150

Supply and Demand Forecasting Modeling Forecasting Software 150

Unleashed

FEBRUARY 4, 2024

7 basic steps in retail inventory management The 7 basic steps in retail inventory management are: Planning Ordering Receiving Storing Selling Reporting Replenishment Let’s break these down. Plan Retail inventory management begins with planning the type and variety of products to buy (and their respective quantities).

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

Logistics Viewpoints

JULY 18, 2022

of in-stock products ship the same business day from our DCs; that is best of breed for any industry.” The goods flow through 2 import centers, 14 strategically located distribution centers in North America, 66 final mile shipping hubs, and nearly 1,700 branch locations. Products can be shipped to a work site or a place of business.

Supply Chain Design Software 220

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Network Design Software 220

HICX Solutions

AUGUST 11, 2021

As Ramit describes, “Procurement teams really went out aggressively looking for more available suppliers,” adding, “Another example would be in the warehouse network,” with ramifications of materials being shipped to potentially closed locations needing to be dealt with. We are discussing them. We are actually measuring them.

Procurement Analytics 52

Procurement Analytics Optimal Sourcing Procurement Solutions Charlotte 52

Alloy

OCTOBER 3, 2023

An Introduction to Walmart Luminate Listen to the full episode of the Shelf Life Podcast on Walmart Luminate Walmart Luminate is the retailer’s new data, analytics and reporting tool for suppliers — and it represents a massive step forward in retailer-supplier collaboration.

Procurement Analytics 52

Procurement Analytics Analytics Software Forecasting Software Predictive Analytics Software 52

Cognira

NOVEMBER 28, 2023

This blog explores the trends that define this year’s holiday season and the factors that draw the consumer path to purchase. Consumers leverage AI-powered benchmarking tools to track the price of their favorite items and make the purchase once it hits its lowest point. compared to the last year.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

Silvon Software

SEPTEMBER 28, 2023

Silvon has noticed over the past several years that a shift towards a modern data hub architecture to support enterprise analytics and reporting has been driven by a number of key business drivers. A modern data hub supports self-service reporting. A modern data hub offers greater responsiveness to line-of-business users.

Procurement Analytics 94

Procurement Analytics Report Data Optimal Sourcing 94

ShipBob

APRIL 13, 2021

However, there is a wide range of metrics that you should be tracking to help your online store grow. Why ecommerce performance metrics are important. Shipping & logistics KPIs. Why are ecommerce performance metrics important to your online store? Shipping fees. Table of Contents. What are ecommerce KPIs?

Procurement Analytics 95

Procurement Analytics Logistics Network Optimization Software Analytics Software Optimization Software 95

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Freight Management KPIs are undoubtedly the most important metrics to track and understand. In modern manufacturing and transportation, savings are everything.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

Supply Chain Shaman

MARCH 21, 2022

While the press report first-order impacts, supply chain leaders need to plan for the second and third-order impacts. A journey from China to Europe that takes 40 days by ship takes 15 days by rail. Over 93% of companies use Excel Spreadsheets to develop their plans. These are not always obvious. Build a Unified Data Model.

Modeling 276

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

ShipBob

AUGUST 5, 2020

What’s my shipping strategy? Last year, Shopify reported 218 million buyers in total made a purchase on a Shopify store. Create your brand name and logo, and buy a domain name. Determine how you will handle shipping. Note: Be sure to post your shipping policy on your site so it’s easy for customers to find.

Purchasing Skills 99

Purchasing Skills Manufacturing Procurement Sourcing Strategies Optimal Sourcing 99

Unleashed

APRIL 3, 2023

You can easily add inventory items to invoices, run data analyses to better understand product popularity, and create simple reports combining stock and financial information. Synchronise with your ecommerce store and shipping app for a complete end-to-end fulfilment solution. Tracking across multiple warehouses. Powerful upgrades.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Unleashed

FEBRUARY 9, 2023

Amazon wholesaling is a business model in which products are purchased in bulk, directly from the distributor or manufacturer, and then sold through the Amazon platform to customers at a higher price. Amazon wholesaling works by purchasing existing branded products in bulk quantities and reselling them through the Amazon marketplace.

Inventory Management Software 52

Inventory Management Software Modeling Software Supply Chain Design Software Purchasing Skills 52

Supply Chain Shaman

JULY 24, 2013

Macy’s had been bragging at conferences about their work on cross-channel fulfillment with progress made in using their stores to ship directly to customers. Macy’s requested that I ship the damaged bowls back. With the introduction of Amazon Prime with free shipping, why do customers need to enter a physical store?

Supply Chain Design Software 256

Supply Chain Design Software Modeling Retail Supply Chain Design 256

Unleashed

NOVEMBER 26, 2020

How to calculate Safety Stock levels in Excel. You can calculate safety stock levels in Excel by setting up your spreadsheet as per the image below. The safety stock formula can be calculated in Excel with a simple table. Column E is the average number of days it takes to receive goods of that type once you place a new order.

Examples 98

Examples Manufacturing Procurement How To Eliminating Excel in Purchasing 98

ShipBob

NOVEMBER 15, 2021

But to achieve those goals and generate a profit, you’ll next have to figure out how you’ll continue to meet customer demand while minimizing cost — which is impossible without thoroughly strategizing logistics processes like storage, shipping, and fulfillment. Meet customer demand quicker. Increase revenue.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

Unleashed

DECEMBER 6, 2021

Such information should include pricing (including quantity pricing and quantity discounts), purchase currency, margins, transaction histories, and key contact information. It also means you can connect your front-end to the back – i.e. inventory management – which ensures that your customers don’t buy items that you don’t have in stock.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

Logistics Bureau

OCTOBER 26, 2020

As legislation focuses ever more heavily on environmental protection though, and consumers increasingly consider sustainability in their purchasing decisions, all supply chain organisations will need to find the way forward. When they know what to look for, they can add granularity to your search for environmental performance excellence.

Supply Chain Planning Software 84

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 84