SCMDOJO

APRIL 22, 2024

As recent times have shown us, political matters across the world can have an impact on shipping routes, thus affecting the prices of goods all around the world. Causes of Supply Chain Disruptions Extreme weather events Extreme weather events like hurricanes or flooding can have an impact on how supply chains around the world operate.

Inventory Reduction 77

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 77

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

GlobalTranz

DECEMBER 5, 2018

For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

Price Reduction 168

Price Reduction Resource Reduction Cost Reduction Strategies Inventory Reduction 168

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

Logistics Viewpoints

FEBRUARY 26, 2024

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

Supply Chain Planning Software 248

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 248

Enterra Insights

FEBRUARY 29, 2024

Today, most computers can handle events like Leap Day; hence, Leap Day is, for the most part, business as usual. Although one extra day may seem insignificant, it can be a real hurdle for those who manage inventory, shipping schedules, and supply chains. They are: • Inventory Management.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning Agile and Lean Supply Chain 130

Logistics Viewpoints

MARCH 27, 2024

MODEX 2024, held in Atlanta, Georgia, from March 11 to 14, attracted more than 35,000 attendees and featured over 150 educational sessions, keynote speakers, and networking events. The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory.

Analytics Software 214

Analytics Software Predictive Analytics Software Optimization Software Supply Chain Network Software 214

Herlitz Inventory Management

JUNE 1, 2022

Too much inventory can tie up your capital and lead to costly storage fees. Too little inventory can result in lost sales and upset customers. In addition to that, the supply chain has experienced unparalleled levels of disruption due to COVID, inflation, and other global events. How ASN Works in HIMPACT.

Shipping 52

Shipping Inventory Management Software Vendor Strategies Inventory Reduction 52

Logistics Viewpoints

SEPTEMBER 22, 2023

With Apple’s big event last week, the company claimed that the new Apple Watch will be carbon neutral. Not surprisingly, the company’s largest competitors announced that they too will be kicking off the holiday season with a fall sales event. David Ho, a climate scientist at the University of Hawaii, wasn’t buying it.

Los Angeles 221

Los Angeles Material Savings Logistics Network Optimization Software Waste Reduction 221

Unleashed

MAY 30, 2023

Anticipation inventory is the solution to this problem. Read on to learn what it is, how it works, and the pros and cons of this inventory strategy. What is anticipation inventory? Anticipation inventory can be described as the inventory which is purchased in anticipation of expected increases in demand.

Inventory Reduction 52

Inventory Reduction Inventory Negotiating Skills Purchasing Skills 52

Turvo

JULY 20, 2021

For most shipping managers today, the two most significant challenges involve addressing shipping exceptions and overcoming supply chain disruptions. Identifying, addressing, and overcoming exceptions within the shipping network chain is essential for maintaining effective handling and processing. But what does it mean? .

Shipping 97

Shipping Inventory Reduction Supply Chain Planning Software Price Reduction 97

Supply Chain Shaman

APRIL 16, 2024

At the event, presentation after presentation focused on improving engines. Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. The goal is to move the supply chain away from a functional cost-based agenda to focus on value (improving margin, inventory, and revenue/employee simultaneously).

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 217

ShipBob

JANUARY 28, 2022

Proper inventory management can make or break ecommerce brands: Have too much stock and you’ll rack up storage costs and tie up cash flow. That’s why it’s crucial to track inventory management KPIs consistently. . What are KPIs & why are they important for your inventory management? Inventory KPIs.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

QAD

DECEMBER 7, 2021

Transportation, scheduling and on-time delivery are important for any manufacturer and inventory manager to keep manufacturing and supply chain businesses running smoothly. What do these two stories have to do with manufacturing and inventory management ? Automating Inventory Management and Material Transfers.

Inventory Management Software 94

Inventory Management Software Inventory Management Supply Chain Software Inventory Reduction 94

Unleashed

MARCH 17, 2020

Cashflow and inventory are intricately linked to each other. This is an important concept to understand for inventory managers and business owners alike, as a tell-tale sign of successful business is optimising cashflow and keeping your inventory to a safe minimum. Defining and understanding the relationship. Knowledge is key.

Inventory Reduction 71

Inventory Reduction Inventory Material Savings Inventory Management Software 71

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 72

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Logistics Viewpoints

JANUARY 21, 2021

Take events into consideration: Machine learning uses historical trends and events that can impact transit times, and use this information to provide predictions. It can minimize the number of actual delayed shipments by making better planning decisions upfront before the orders are shipped.

Predictive Analytics Software 344

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 344

Supply Chain Shaman

SEPTEMBER 27, 2021

Today, more than 1% of the world’s container ships are stuck off major ports. Warehouses are full–often with the wrong stuff resulting in the slowing of the forty million shipping containers around the world. Each year, we ask attendees to rate the event based on a 1-5 score (with five being the best). Global Summit.

Supply Chain Planning Software 321

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Logistics Viewpoints

MAY 25, 2021

These disruptions, which will only get more frequent in the coming years as major weather events wreak havoc on freight transportation, have supply chain stakeholders scrambling from crisis to crisis. In many organizations, freight shipping has become static: companies use air cargo because that’s what they’ve always done.

Supply Chain Planning Software 321

Supply Chain Planning Software Sustainability Supply Chain Software Inventory Reduction 321

PINC

APRIL 29, 2020

live/drop, type of inventory, type of equipment, load status, etc.). There’s no more the need for gate personnel or shipping and receiving office teams to interact with drivers at check-in and check-out. The post Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic appeared first on PINC.

Demand Planning Software 147

Demand Planning Software Logistics Network Optimization Software Inventory Reduction Supply Chain Software 147

Talking Logistics

OCTOBER 15, 2018

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.

Inventory Management Software 101

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 101

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. It’s used frequently in inventory accounting to help businesses understand their holding costs and make optimised purchasing decisions. What is Days Inventory Outstanding?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

Logistics Viewpoints

JANUARY 9, 2023

A multi-enterprise supply chain network provides visibility to upstream and downstream events that can affect a company’s supply chain. As the new events that have occurred are analyzed and a new plan is created, the financial implications can be seen. Visibility to Events. Event Intelligence.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Network Software 246

Logility

MAY 26, 2022

25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. Effective, strategic demand planning is essential, and that requires implementation of the right supply chain platform with real-time data, reporting, and event automation. Then, there’s the issue of surplus inventory.

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

Logistics Viewpoints

MARCH 25, 2021

Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity. A wide range of events could prevent your supply chain from operating normally, but not all events have an equal impact. Your plan should address technology, processes, and people.

Supply Chain Planning Software 309

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 309

The Logistics & Supply Chain Management Society

APRIL 26, 2022

Not only that, but combined with machine learning and Big Data, digital supply chain technologies can analyse and learn from data in a way that gives supply chain managers the real-time insights they need to respond quickly to disruption and unexpected events. Digitisation for Optimised Capacity and Inventory Buffers.

Analytics Software 246

Analytics Software Supply Chain Planning Software Supply Chain Software Predictive Analytics 246

GlobalTranz

OCTOBER 15, 2018

E-Commerce Growth Is Incompatible With Stagnate Freight Shipping Strategies E-commerce growth can boggle the mind. Unfortunately, shippers using traditional freight shipping strategies, including limited use of Intermodal freight shipping, will result in added expenses and delays in moving e-commerce freight. Download Here.

Freight 120

Freight Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 120

ShipBob

JULY 28, 2023

But, the fact of the matter is, if you’re transporting products overseas then you need to know how to properly fill out a shipping manifest. Understanding the ins and outs of shipping manifests, and getting them right the first time, can save you a lot of time and stress down the line. What is a shipping manifest?

Shipping 52

Shipping Cargo Material Savings Third Party Logistics 52

Intelligent Audit

AUGUST 20, 2021

And now, additional port shutdowns in China are undermining the overall flow of goods just as the back-to-school rush winds down and as shippers begin to enter the peak holiday shipping season. These events will undoubtedly create challenges with replenishment efforts. Why Port Shutdowns Are Continuing.

Shipping 52

Shipping Los Angeles Long Beach Supply Chain Planning Software 52

EMERGE App

FEBRUARY 22, 2019

And we pick the most cost effective means of shipping. But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? They are collectively called inventory carrying costs because they need to be paid to hold inventory. What is Inventory Carrying Cost?

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Purchasing Skills Inventory 75

Vanguard Software

MARCH 12, 2021

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. The Importance of Inventory Replenishment. Factors to Consider. Download Case Study. ABC Classification.

Modeling 52

Modeling Inventory Reduction Optimization Software Supply Chain Optimization 52

BlueYonder

JULY 26, 2022

How can retailers connect the two, so that inventory is optimally located for that final leg of the journey? Linking demand and fulfillment with inventory planning remains an underexplored advantage that will help combat consumer expectations that span not just speed and convenience, but sustainability too. The “right now” requirement.

Modeling 62

Modeling Supply Chain Planning Software Optimization Software Optimization Modeling 62

3PL Insights

FEBRUARY 14, 2023

The flow of finished goods in retail logistics is a multi-step process, encompassing inventory management, order fulfillment and shipping, and returns management. Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Inventory Management Software Supply Chain Software Retail 92

Kinaxis

SEPTEMBER 6, 2016

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. Any such event will cause congestion in the ports.

Supply Chain Planning Software 100

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Shipping 100

The Logistics of Logistics

JUNE 23, 2022

When asked what peak season is, it’s easy to assume the holidays are the only peak shipping season. However, four shipping seasons occur throughout the year and are often regular and expected. That was the case until the ongoing disruptions of the past few years changed the shipping game. Weather events might also be factors.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 237

RFgen

JULY 7, 2020

Many companies rely on spreadsheets to track and record warehouse inventory movements. Today’s challenges require modernizing manual inventory tracking with digital automation like mobile barcoding technology. Too many companies rely on inefficient, inaccurate manual processes like recording inventory movements in spreadsheets.

Inventory Reduction 54

Inventory Reduction Cost Reduction Strategies Warehousing Inventory 54

RFgen

JULY 7, 2020

Many companies rely on spreadsheets to track and record warehouse inventory movements. Today’s challenges require modernizing manual inventory tracking with digital automation like mobile barcoding technology. Too many companies rely on inefficient, inaccurate manual processes like recording inventory movements in spreadsheets.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Warehousing Inventory 52