Logistics Viewpoints

SEPTEMBER 28, 2021

If you’re Home Depot, you reserve an entire ship for your own exclusive use. Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. In light of all of this, I’d posit we can no longer look at the events of the last year as an aberration.

Rail Software 188

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 188

Supply Chain Matters

FEBRUARY 23, 2023

Carriers and logistics services providers experienced windfall profit levels in their ability to leverage the constant disruptions and ship deployment imbalances into skyrocketing spot rates, added services fees, surcharges or demurrage penalties. Barclays in-turn cut 2023 earnings estimates for Maersk and Zim Integrated Shipping Services.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Price Reduction Cost Reduction Strategies 52

JDA software

FEBRUARY 11, 2019

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. its transportation management and how well it continually procures, plans, executes and monitors freight. Inventory management. Let’s take a closer look at each of these key areas.

Supply Chain Design 75

Supply Chain Design Optimal Sourcing Inventory Reduction Supply Chain Optimization 75

SCMDOJO

MARCH 25, 2024

Pursuing a degree in these areas will equip you with the fundamental knowledge of supply chain principles, such as procurement, inventory management, logistics, and operations strategy. Master TMS Tools : Learn the ins and outs of transportation management systems to see how they optimize the shipping process, saving time and money.

Negotiating Skills 85

Negotiating Skills Supply Chain Software Supply Chain Network Software Analytics Software 85

NC State SCRC

MARCH 25, 2021

By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. For many years, as we moved to low cost countries, the shipping industry benefited. It may take weeks, by some estimates.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Cargo Waste Reduction Material Savings 52

Logistics Bureau

APRIL 3, 2023

Access to Economies of Scale By outsourcing manufacturing, logistics, or other supply chain support activities such as procurement , your company may access the economies of scale enjoyed and passed on by specialist service providers. Your organisation may be one of many that a contract partner serves.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

BlueYonder

FEBRUARY 11, 2019

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. its transportation management and how well it continually procures, plans, executes and monitors freight. Inventory management. Let’s take a closer look at each of these key areas.

Supply Chain Design 40

Supply Chain Design Optimal Sourcing Inventory Reduction Supply Chain Optimization 40

Logistics Viewpoints

AUGUST 9, 2022

Just last year many were chartering their own cargo ships to get all these goods to their destinations.) While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. All aboard.

Inventory Management Software 224

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 224

Unleashed

JANUARY 11, 2023

And every time this happens, an inventory write-off is necessary. Link Reporting Co-founder and all-round accounting expert, Will McTavish, explains what inventory write-offs are, why they matter, and how to conduct one. In this guide to inventory write-offs: What is an inventory write-off?

Inventory Reduction 96

Inventory Reduction Inventory Expense Reduction Cost Reduction Strategies 96

Supply Chain Matters

JULY 25, 2022

Previous global materials sourcing and just-in-time driven inventory management policies were laid bear with the realization that supply risk was a more problematic and business critical dimension. The augmented inventory approaches, although troublesome and concerning, are a likely tactical manifestation of risk mitigation.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Logistics Bureau

JANUARY 7, 2020

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. If your supply chain network design has not been under the microscope, and you care about business success, it’s probably time to consider the benefits of a design review and optimisation exercise.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101

Requis

AUGUST 13, 2020

12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3 trillion: the overall capex (procurement) spend for global energy in the past three years according to the World Energy Investment 2020 report by the IEA (who predicts a reasonable 20% decline in 2020). $25

Optimal Sourcing 64

Optimal Sourcing Supply Chain Design Software Material Savings Asset Management 64

Supply Chain Matters

JULY 15, 2022

The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer. Containers of fitness equipment shipped from Asia were delayed by major port and inland logistics disruptions. port backups, which added to overall costs and diluted margins. .

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Supply Chain Matters

DECEMBER 4, 2023

A continued subdued product demand environment and added caution reportedly led to a decline in overall purchasing activity, lower levels of inventory and improved supplier delivery times. Pre -and post inventory levels, however, fell at a weaker rate with European manufacturers reportedly being less aggressive in de-stocking efforts.

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Logistics Bureau

MARCH 30, 2020

Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. Form a series of joint agreements to monitor lead times and inventory levels. Localising your supply chain has a positive effect on the environment as it reduces the energy required for shipping, transport, and storage.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Agile and Lean Supply Chain 52

CH Robinson Transportfolio

OCTOBER 28, 2014

Conduct a procurement exercise at the same time of year, every year. Will you ship early to avoid the rush? Leave inventory in strategic locations, balancing inventory carrying costs against (potentially) higher transportation rates? There’s nothing wrong with seeking competitive rates at a given point in time.

Negotiating Skills 69

Negotiating Skills Pricing Training Agile and Lean Supply Chain Supply Chain Planning 69

Logistics Bureau

JANUARY 25, 2017

The variety of functions involved – product design, procurement, warehousing, production, transport, distribution, sales, for instance – encourages demand for new employees and multiplies possibilities for moving around inside too. Inventory (inventory specialist, vendor-managed inventory/replenishment specialist).

Negotiating Skills 40

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Purchasing Skills 40

CH Robinson Transportfolio

OCTOBER 2, 2015

Conduct a procurement exercise at the same time of year, every year. Will you ship early to avoid the rush? Leave inventory in strategic locations, balancing inventory carrying costs against (potentially) higher transportation rates? There’s nothing wrong with seeking competitive rates at a given point in time.

Negotiating Skills 34

Negotiating Skills Agile and Lean Supply Chain Pricing Training Supply Chain Planning 34

Ware2Go

MAY 17, 2022

This guide contains everything you need to know about freight shipping and logistics so you can make informed decisions for your business. What Is Freight Shipping? Freight Shipping Rates. All of this volatility led to an increased investment in supply chain management, from procurement to freight to final mile delivery.

Freight 52

Freight Logistics Network Optimization Software Shipping Negotiating Skills 52

Logistics Bureau

JANUARY 30, 2017

Strange as it may seem, many business leaders don’t have the answers to these questions , because they’ve never conducted an exercise to understand the costs involved with supplying their customers. Increases in obsolete and/or excess inventory. Do you supply certain products to certain customers at a loss?

Supply Chain Design Software 40

Supply Chain Design Software Negotiating Skills Supply Chain Planning Software Network Design Software 40

Supply Chain View from the Field

FEBRUARY 3, 2014

I was involved in inventory control area on what they used to call “residual parts”, which were leftover parts that you ended up trying to sell into the service parts organization. Chrysler didn’t have the leverage that Ford or GM did –and so they leveraged it and got them to drop ship steel directly into the suppliers.

Purchasing Skills 60

Purchasing Skills Cost Reduction Strategies Material Savings Price Reduction 60

Logility

MAY 20, 2021

According to McKinsey and Company , with a digitization of the supply chain they have the capacity to save 75% of lost sales, reduce transport and warehousing costs by 30%, and decrease 80% of administrative costs – all while cutting inventory by 75%. has declared force majeure events in order to justify factory-crippling shortages.

Supply Chain Planning Software 131

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 131

QAD

MARCH 5, 2020

The industry can sell pills, fad diets and short-cut exercise programs, but the bottom line is that most people who know will tell you the simple fact is you can’t outwork a bad diet. And all the way through for my hundreds or even thousands of vendors, and even if I have been doing business with vendors for years, I do the exercise.

Vendor Strategies 143

Vendor Strategies Cost Reduction Strategies Waste Reduction Price Reduction 143

Supply Chain Game Changer

JANUARY 12, 2021

Preventive and Protective Steps. Someone who is really motivated to commit fraud or a scam will go to tremendous lengths to commit that crime. It is incumbent upon Supply Chain professionals to take proactive steps to mitigate if not eliminate any opportunity for these criminals to succeed in their endeavours.

Supply Chain Design Software 57

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Strategy 57

Talking Logistics

MAY 22, 2016

You have to optimize your [transportation, inventory, manufacturing, or other business process] to maximize your costs savings and benefits,” is what industry analysts, consultants, academics, and solution providers have been preaching for decades. The word “optimization” is ubiquitous in the supply chain and logistics industry.

Optimal Sourcing 101

Optimal Sourcing Optimization Software Modeling Supply Chain Optimization 101

EMERGE App

JANUARY 21, 2019

The logistics function also includes inventory management. Using inventory management software will mitigate most of the work in managing and recording the flow of goods in the company. Using inventory management software will mitigate most of the work in managing and recording the flow of goods in the company. What is 2PL?

Logistics Network Optimization Software 69

Logistics Network Optimization Software 3PL Inventory Management Software Supply Chain Design Software 69

Material Handling & Logistics

OCTOBER 23, 2018

In the early days of July, while most Americans slowed down to celebrate their country’s independence, a single ship sped toward China, racing against a series of new tariffs that would go into effect on July 6th. cargo ship Peak Pegasus made its way toward the port of Dalian with a load of soybeans. Many watched as the U.S.

Supply Chain Planning Software 49

Supply Chain Planning Software Supply Chain Software Real-time Visibility Supply Chain Planning 49

Supply Chain Game Changer

MARCH 24, 2020

And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. This redundancy provides greater contingency and options that can be exercised relatively quickly when a crisis of any kind occurs. And the U.S.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Design 82

Unleashed

NOVEMBER 20, 2023

So we implemented an inventory management system for them. That reduces the amount of inventory space, handling, and logistics on individual small orders.” When it comes to setting the right priorities, Alex says: “Inventory is best where it’s most likely to get to the customer at the right time in the quickest time possible.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

6 River Systems

JUNE 29, 2020

Importantly, flexible supply chains cut costs and improve cash flow, in part through a 10% to 40% increase in inventory turns. ’ “For example, supply chain leaders and their teams can conduct a scenario planning exercise and develop action plans. “Stay rigid with scheduled check-ins.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Infosys Supply Chain Management

NOVEMBER 16, 2012

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. As was the case last year, the 2012 holiday buying season will be very much about the continued leveraging power of consumers in exercising multi-channel buying preferences and technology-enabled online tools.

Eliminating Excel in Purchasing 24

Eliminating Excel in Purchasing Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 24

Infosys Supply Chain Management

SEPTEMBER 30, 2014

Very recently I was a member of a project team implementing an Asset/Inventory Management system for a well-known pipeline maintenance company in North America. In the course of the implementation I had the opportunity to interact with the business leads managing both operations and inventory functions in the organization. At ABC Corp.

Inventory Management Software 20

Inventory Management Software Asset Management North America Warehousing 20

Talking Logistics

DECEMBER 16, 2016

But I continue to dust off my crystal ball, nonetheless, because coming up with predictions is a fun exercise for me and they usually generate some thoughtful ideas and conversations. Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. What will happen in 2017?

Predictive Analytics Software 50

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 50