GlobalTranz

APRIL 6, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. The demand caught off-guard those retailers and suppliers who relied on just-in-time inventory practices. online, which contributed to overwhelmed parcel shipping networks.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

Logistics Viewpoints

MAY 22, 2023

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. Moreover, this exercise might need to be repeated several times depending on how the war proceeds. But optimization is much more than that!

Supply Chain Design Software 179

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 179

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

Logistics Viewpoints

SEPTEMBER 7, 2022

Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD. BD and its 75,000 employees ship more than 45 billion devices annually to customers in over 190 countries. But the further up the supply chain BD went, the less incentive suppliers had to participate in these exercises.

Supply Chain Visibility 206

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 206

Supply Chain Game Changer

MARCH 16, 2021

I/T was going to be a source of competitive differentiation. We had a consumer packaged goods (CPG) customer for whom we would receive their coffee pods shipped in bulk from the manufacturers. The CIO had realized our mutual vision of creating a source of competitive differentiation driven by I/T.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Waste Reduction 100

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. Sourcing was both a cost as well as landed cost decision factor. Containers of fitness equipment shipped from Asia were delayed by major port and inland logistics disruptions.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

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

Supply Chain Matters

JANUARY 17, 2023

In Part Two of this blog series , we provided highlights our third prediction, that supply chain management teams will continue to exercise more direct control of direct materials sourcing, and these efforts will be a prominent element of business strategy for CSCO ’s and CPO ’s this year. Prediction Implications.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 52

Intelligent Audit

OCTOBER 27, 2022

One solution is to turn to big shipping data. According to analysts at McKinsey , “Most of the data generated in a supply chain falls outside the scope of just one enterprise or entity,” a dynamic that makes it hard to know if you’re dealing with good or bad data or even the original source. Inventory Predictions.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Enterra Insights

JULY 9, 2019

this season, an above-average year is anticipated for East Asia that could affect production of consumer electronics sourced from China and Taiwan and more advanced technology products from Japan and nearby regions.”[1] While Resilience360 predicts a slightly below average number of hurricanes will affect the U.S.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Pharmaceutical 100

ThroughPut

JULY 7, 2023

With different demand patterns, lead times and sourcing requirements for each product, effectively managing the end-to-end supply chain without running into stockouts and pile-ups is a unique challenge in itself. This further impacts inventory buffers and free cash flow. How Can You Optimize Your Product Mix Using ThroughPut?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Optimization Expense Reduction 52

Logistics Bureau

MARCH 30, 2020

Until the Coronavirus began wreaking its havoc, global companies could run their supply chains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. 3) Shorten Your Supply Chain—Source Locally.

Supply Chain Design Software 52

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

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

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

DynaSys

SEPTEMBER 22, 2021

You’ve just been chewed out by the Head of Accounts because she was forced to ship an order to a major customer two weeks late…and it’s your fault. You’re also dealing with excessive inventory for some items while facing stock outs for others. And this is only one metric where you could be doing a lot better. If so, you’re not alone.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Demand Planning Software Optimization Software 52

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.

Inventory Management Software 224

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

Alloy

JANUARY 29, 2021

There is no pre-defined network in which the goods flow—you need to be able to infer the network from all the different sources of data and put it together in a way that’s consumable by the user. What advice would you give to someone interested in pursuing a similar career path?

Alloy 52

Alloy Supply Chain Network Software Modeling Software Supply Chain Software 52

Zipline Logistics

SEPTEMBER 15, 2020

However, they are not only an inconvenience to consumers but also a substantial source of lost revenue for both retailers and vendors. According to IHS Markit, the combined inventories of wholesalers and retailers rose 0.5% In the era of COVID-19, It is imperative to exercise as much control over your supply chain as possible.

Cost Reduction Strategies 52

Cost Reduction Strategies Optimal Sourcing Buyer Training Vendor Strategies 52

Talking Logistics

DECEMBER 16, 2015

And more companies are treating Supply Chain Design as a continuous business process instead of a standalone project or a once-a-year exercise (see Supply Chain Design: Growing Scope, Community, and Collaboration ). How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment?

Predictive Analytics Software 120

Predictive Analytics Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 120

Logistics Bureau

APRIL 3, 2023

If so, due to its size and buying power, the partner will likely be able to provide goods or services at an advantageous cost to you compared to the costs of sourcing internally. Additionally, a large-scale supplier can typically spread fixed costs over a larger production volume, reducing the price per unit.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Unleashed

MAY 10, 2020

We’ll take a closer look at: Pull inventory systems. Pull inventory systems. A pull inventory system is a Lean approach to reducing waste in any production process. Just-in-time (JIT) is a lean management strategy that minimises the inventory held in order to reduce costs and increase efficiency. What is JIT?

Agile and Lean Supply Chain 72

Agile and Lean Supply Chain Waste Reduction Supply Chain Planning Software Supply Chain Design Software 72

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

EMERGE App

NOVEMBER 4, 2018

This should serve as a general framework to source products from different countries according to their strengths. We’ve got a great guide on sourcing products from China , for example. By the time you source, produce and receive the goods, the trend would have passed. These samples and their shipping will cost you.

Purchasing Skills 49

Purchasing Skills Negotiate Pricing Negotiating Skills Manufacturing Procurement 49

Requis

AUGUST 13, 2020

12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3 If, just as a thought exercise, we took that 1.3% The average holding cost for surplus assets and stored inventories is 20% of the book/fair market value.”.

Optimal Sourcing 64

Optimal Sourcing Supply Chain Design Software Material Savings Asset Management 64

EMERGE App

NOVEMBER 4, 2018

This should serve as a general framework to source products from different countries according to their strengths. We’ve got a great guide on sourcing products from China , for example. By the time you source, produce and receive the goods, the trend would have passed. These samples and their shipping will cost you.

Purchasing Skills 40

Purchasing Skills Negotiate Pricing Negotiating Skills Manufacturing Procurement 40

Unleashed

NOVEMBER 29, 2021

Manufacturers and brick-and-mortar retailers have been using software to manage their inventory for years – but inventory management is even more important when you’re running a business that operates in the complex eCommerce space. Learn more: Guide to Effective Multichannel Selling What is eCommerce inventory management?

Inventory Management Software 98

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

EMERGE App

NOVEMBER 25, 2018

As a creative entrepreneur, there are various ways to get a handle on managing the orders, purchases, and inventory of your hand-made goods. We’ll show you how EMERGE App — a user-friendly, cloud-based inventory management solution — helps you run your creative business to sell better and faster on Etsy.

Inventory Management Software 49

Inventory Management Software Purchasing Skills Procurement Solutions Inventory Management 49

Arkieva

JANUARY 6, 2017

Arrange your inventory based on how often you need to use it. If you use certain items frequently, keep them closer to the working or shipping area. View the full post or view the snippet below: Over the last 5 years, I have seen many companies launching inventory reduction programs. Plan an Efficient Layout for the Warehouse.

Inventory Reduction 61

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 61

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

Vinculum

AUGUST 23, 2022

Or perhaps you already have a physical location but are having trouble keeping your inventory and orders in sync? The solution, then, is to link your order, inventory, and logistics to speed up inventory turnaround and coordinate your efforts. Additionally, the rise of shipping companies has given SMEs more influence.

United Arab Emirates 52

United Arab Emirates Optimization Software Inventory Management Software Logistics Network Optimization Software 52

Unleashed

FEBRUARY 28, 2021

Cloud-based systems offer a cost-effective way to manage and monitor suppliers, inventory and more. Unleashed Software and accounting software firm Xero have a plug-and-play integration that allows you to manage the entirety of a business’s inventory and accounting processes. Cloud-based software. A mobile sales app.

Supply Chain Planning Software 98

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

Unleashed

FEBRUARY 23, 2022

While visiting a manufacturing plant in the early 1960s, he noticed that employees had overlooked the addition of springs into a basic on/off switch, resulting in faulty parts being manufactured and shipped. Find the source of the problem Once the ‘where’ has been identified, determine the why by using the five ‘whys’.

Manufacturing Procurement 98

Manufacturing Procurement Examples Cost Reduction Strategies Resource Reduction 98

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

Logility

SEPTEMBER 16, 2022

Let me share experience from hundreds of modeling exercises. You can see three warehouses and almost every warehouse shipped to each destination city. Find the case where a customer node is right near the Alabama warehouse but is shipped from the Nevada warehouse. Or that inventory will be traded off against transportation.?

Modeling 130

Modeling Modeling Software Optimization Modeling Logistics Network Optimization Software 130

Vinculum

JULY 7, 2020

75% consumers with strong preference to exercise and healthy eating post crisis; e.g. ZhongAn PHI premium grew 60%+). Source: McKinsey & Company COVID-19 US Consumer Pulse Survey. Source: McKinsey & Company COVID-19 US Consumer Pulse Survey. Source: McKinsey & Company COVID-19 US Consumer Pulse Survey.

Supply Chain Planning Software 52

Supply Chain Planning Software Analytics Software Demand Planning Software Retail 52

BlueYonder

NOVEMBER 5, 2021

CPG companies massively reduced assortments to simplify sourcing, production and distribution. The consensus is that supply chain practices with over reliance on just-in-time flows, cost-focused strategic sourcing practices and limited risk modeling exposed big rocks. . Conduct a comprehensive network design and optimization exercise.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Planning Supply Chain Disruption Modeling 62

RFgen

APRIL 6, 2023

Key Takeaways: 89% of Digital Inventory Report respondents say data security is important to extremely important to their inventory operations. In fact, 89% of Digital Inventory Report respondents say data security is important or extremely important to their inventory operations.

Supply Chain Planning Software 52

Supply Chain Planning Software Risk Management Supply Chain Software Security 52