Kinaxis

NOVEMBER 17, 2016

If a major disruption happens at execution level, to pass that information back to S&OP level takes quite a lot of time resulting in disconnects between strategies, tactics, and execution. However, latency of information and inability to collaborate across the functional bubbles reduce the “S&OP lead” to an “S&OP coordinator”, an administrative function focused on gathering data and getting reports ready, as opposed to helping run the business.

S&OP 148

S&OP Supply Chain Strategy Data SCM 148

Unleashed

DECEMBER 28, 2021

One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. In this article we outline the 15 best methods you can use to reduce inventory: Why do businesses reduce inventory?

Waste Reduction 54

Waste Reduction Expense Reduction Price Reduction Material Savings 54

The Supply Chain Journal

SEPTEMBER 15, 2021

Accessorial expenses, which often are not collected from shippers, can represent an enormous revenue leak to carriers. Given the potential amount of revenue forgone, why do carriers struggle to bill for accessorial expenses? By Larry Kerr, president of EBE Technologies.

Journal 62

Journal Supply Chain Supply Chain Software Electronics 62

Supply Chain Matters

JULY 15, 2022

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Change of Leadership and Overall Business Strategy.

Supply Chain Design 87

Supply Chain Design Supply Chain Optimization Cost Reduction Strategies Inventory Reduction 87

Speaker: Trish Uhl, Founder of Owl's Ledge LLC and the Talent & Learning Analytics Leadership Forum

Digital is disrupting every part of an organization's value chain at a record pace, creating a critical need to transform operations and employees' ways of working. Formal training alone can't keep up; it's often too slow, too generic, inconvenient, inefficient, unduly expensive and lacks or lags methods for measuring business-related effectiveness. Trish Uhl show you how to start leveraging Learning Engineering, a multidisciplinary approach that combines modern technology, data analytics, decision science, learning sciences and change management with human-centered engineering design methodologies to ultimately deliver targeted learning outcomes and business results that keep pace with the business and merge learning into the flow of work and lead Digital Adoption.

How To

ThroughPut

OCTOBER 22, 2021

However, most of the variability generated by these factors can be eliminated by addressing supply, management, and demand at regular intervals, through focused solutions. To ensure reduced variability, it is important to optimize supply chain management for enhanced visibility.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Resource Reduction Supply Chain Strategy 52

Logistics Viewpoints

AUGUST 25, 2021

A TMS offers optimization capabilities across multiple modes to improve service levels and reduce freight spend. Below are some transportation strategies for success for suppliers of TMS, TES, and MTS. Transportation strategies come in all shapes and sizes.

Strategy 143

Strategy Supply Chain Strategy Price Reduction Cost Reduction Strategies 143

QAD

MARCH 17, 2020

Next, we will provide an overview of the Operating Expenses Action Center as well as the associated key performance indicators (KPIs). Managing product costs is one of the most critical parts of operations management, and operating expenses make up a big part of those product costs.

KPI 102

KPI Predictive Analytics Training Packaging 102

The Supply Chain Journal

MAY 24, 2021

Also in July 2020, the Food and Drug Administration announced the New Era of Smarter Food Safety Blueprint , adding goals for food suppliers and manufacturers to improve their tech-enabled traceability, response times to outbreaks and reduction in food contamination.

Journal 52

Journal Israel Supply Chain Optimization Supply Chain 52

Supply Chain Game Changer

MAY 4, 2021

By that I mean you should design and implement a Supply Chain strategy that does not care what the lead time is for any aspect of the chain. Resilient Supply Chain Design is a Smart Strategy. Reduce, if not eliminate, single or sole sourced materials and services.

Forecasting 84

Forecasting Inventory Reduction Vendor Strategies Waste Reduction 84

Speaker: Brian Dooley, Director SC Navigator, AIMMS, and Paul van Nierop, Supply Chain Planning Specialist, AIMMS

Want to build your internal capability, reduce costs and make better decisions? It's easier than you think. This on-demand webinar shares research findings from Supply Chain Insights, including the top 5 obstacles that bog you down when trying to improve your network design efforts.

Network Design

Enterra Insights

AUGUST 9, 2022

Passage of the Inflation Reduction Act may spark another half-century of innovation in the field of climate change. CEOs should formulate strategies that create and capture long-term competitive advantage from the transition to net zero and sustainability.”

Cost Reduction Strategies 130

Cost Reduction Strategies Expense Reduction Innovation New York 130

The Logistics & Supply Chain Management Society

APRIL 15, 2021

This unlocks enormous value as you eliminate time lags, lower costs, and slash inventory buffers across the network. This strategy enables companies to achieve four critical objectives: Unlock value trapped in the supply network that is due to poor data quality and communication.

Supply Chain Strategy 184

Supply Chain Strategy Cost Reduction Strategies Inventory Reduction Expense Reduction 184

Kinaxis

DECEMBER 3, 2014

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. The result is a lower inventory level, but much higher expedited costs and reduced customer service. Why do companies focus on reducing a specific metric? Things can get even crazier when individual departments have conflicting goals: One group is rewarded for improved fulfillment rates while another group is rewarded for inventory reduction. Find ways to reduce lead time.

Metrics 200

Metrics Six Sigma Supply Chain Optimization Procurement Analytics 200

GlobalTranz

JANUARY 16, 2019

But, with a well-planned strategy, you too can reduce expenses in your workplace. Still, some losses are a predictable expense and you can’t entirely eliminate them. Reduce Labor Costs Most of your operating budget will go towards labor. Either you reduce pay or find a way to increase work efficiency. Take advantage of this as it is the ultimate way to reduce the cost of labor. Get better insulation on your walls to reduce heat loss.

Waste Reduction 192

Waste Reduction Expense Reduction Vendor Strategies Inventory Reduction 192

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Logistics Bureau

MAY 24, 2019

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. This operation was proving too costly and too slow, so the company launched an initiative to achieve a 10% supply chain cost reduction within four years.

Inventory Reduction 57

Inventory Reduction Price Reduction Vendor Strategies Expense Reduction 57

ShipBob

MARCH 23, 2022

As a result, you need an optimized retail distribution strategy for better efficiency and cost savings. In this post we’ll give you a closer look at what retail distribution is, how it works, and how you can choose or optimize your retail distribution strategy.

Inventory Reduction 52

Inventory Reduction Price Reduction Vendor Strategies Cost Reduction Strategies 52

GlobalTranz

AUGUST 24, 2015

However, one of the most important aspects of supply chain strategies is often overlooked: the reverse supply chain (also referred to as reverse logistics ). A reverse logistics strategy provides a path for removing the existing equipment to make way for the next era of equipment in the case of end of life products or new upgrdes. In a sense, reverse logistics could be considered the “greenest” part of any business logistics strategy. Reduced Risks to the Business.

Reverse Logistics 205

Reverse Logistics Strategy Price Reduction Resource Reduction 205

Unleashed

APRIL 27, 2022

We take a look and offer strategies and case studies, along with tips from supply chain professionals. Where this is not possible, other changes can be made to the product or process to reduce waste and the carbon footprint.

Sourcing Strategies 61

Sourcing Strategies Material Savings Waste Reduction Cost Reduction Strategies 61

Supply Chain Network

FEBRUARY 13, 2018

It increases the speed of delivery, while reducing the combined cost of fulfillment and delivery. Your newly enhanced fulfillment supply chain will, reduce total cost, maximize inventory utilization, enhance customer loyalty, and deliver profitable growth. Learn more at Fast is expensive but cheap is slow, until now. Whether it is a Ferrari vs. a Fiat or a Jet Engine vs. a Propeller, generally speaking, to move something quickly has a higher cost than to move it slowly.

Third Party Logistics 60

Third Party Logistics Supply Chain Network Software Modeling Software Modeling 60

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. Understand Data Integrity to Reduce Inventory Costs.

Waste Reduction 155

Waste Reduction Vendor Strategies Price Reduction Resource Reduction 155

Logistics Bureau

MAY 31, 2016

When customers step up pressure on prices and when economic growth flattens or dips, a supply manager’s mind turns to cost reduction. Or rather, it turns even more to cost reduction, as squeezing out savings that then show up directly on the bottom line is a goal that never goes away. Some of the dollars to be recovered may come from immediate actions, such as reducing inventory. Elimination of redundant activities. Less or no inventory, also reducing costs.

Material Savings 40

Material Savings Inventory Reduction Price Reduction Expense Reduction 40

Intelligent Audit

JANUARY 6, 2022

As a result, the small retail e-commerce strategy needs to evolve. An effective small retail e-commerce strategy must begin with flexible and diverse payment and shipping options. Zone skipping can become an important facet of an effective small retail e-commerce strategy.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Expense Reduction Supply Chain Strategy 52

Logility

APRIL 23, 2013

Seco Tools manufactures cutting tools made of steel, tungsten carbide and cobalt. This became an expensive proposition for the industry, which gave way to placing the responsibility (and cost) back on the manufacturer to hold inventory and deliver it when needed. Seco Tools is also aiming to reduce inventory up to 20% thanks to the greater forecast accuracy. In a competitive industry manufacturing precisely machined tools, a reduction like this can add up quickly.

Inventory Reduction 100

Inventory Reduction Vendor Strategies Cost Reduction Strategies Expense Reduction 100

Logistics Viewpoints

JUNE 14, 2022

At Logistics Viewpoints, we have written about how companies are looking to reduce carbon emissions, especially when it comes to transportation. Today I’m excited to share more about our zero-emissions transportation strategy and announce a series of collaborations and pilots.

Waste Reduction 112

Waste Reduction Expense Reduction Price Reduction Cost Reduction Strategies 112

Logistics Bureau

JANUARY 19, 2016

On occasion though, some supply chain companies’ cost reduction efforts get taken too far, especially when ambitious initiatives are embarked upon, intended to significantly reduce operational costs. The following paragraphs describe three such supply chain companies’ cost reduction nightmares, with the aim of helping you to avoid falling into the same traps when the pressure is on to drive costs down. Strategy is really the operative word here.

Waste Reduction 40

Waste Reduction Inventory Reduction Expense Reduction Supply Chain Strategy 40

Precoro

MARCH 30, 2022

A procurement team, if perceived as a partner rather than an executor by internal stakeholders when defining and executing the company's business strategy, proves to deliver. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Sourcing Strategies 52

Sourcing Strategies Vendor Strategies Cost Reduction Strategies Price Reduction 52

GlobalTranz

FEBRUARY 25, 2021

How often do you think about your retail reverse logistics strategy? Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins.

Reverse Logistics 229

Reverse Logistics Supply Chain Strategy Expense Reduction Inventory Reduction 229

EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. What is Inventory Replenishment?

Material Savings 67

Material Savings Price Reduction Cost Reduction Strategies Resource Reduction 67

Veridian Solutions

JUNE 17, 2019

Many retailers have implemented buy online, pick up in store (BOPIS) strategies without realizing it. In addition, it solves critical challenges in last-mile strategies, reduces costs associated with inventory management , and more. Shippers in need of cost reductions and better last-mile service should consider implementing a BOPIS strategy. Challenges of Today’s Last-Mile Strategies. Shippers reduce necessary warehouse space.

Price Reduction 53

Price Reduction Vendor Strategies Inventory Reduction Expense Reduction 53

CH Robinson Transportfolio

MAY 13, 2014

Your Supply Chain: More than an Expense, a Competitive Advantage. Often, supply chains are viewed as an unavoidable expense in business—a drain rather than an advantage. Smart businesses are moving beyond simple procurement to strategy and beyond price to relationships. Sometimes, these tight budgets have the opposite effect and cause companies to reject change for fear of the expense involved.

Supply Chain Strategy 54

Supply Chain Strategy Modeling Security Education 54

Oracle SCM

JULY 12, 2017

Supply chain executives were under pressure to develop more efficient, customer-centric supply chains while finding innovative ways to reduce costs and enable growth. They prioritized projects that reduced inventory and logistics expenses. Effective strategies coupled with a well-defined plan and the right tools helped supply chain professionals alleviate fulfillment pressures and readied managers for market changes in the future. By Maha Muzumdar.

Sourcing Strategies 129

Sourcing Strategies Supply Chain Design Supply Chain Optimization Inventory Reduction 129

Logistics Bureau

JUNE 13, 2016

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I’d be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. This operation was proving too costly and too slow, so the company embarked on an initiative to achieve a 10% supply chain cost reduction over a four-year period.

Inventory Reduction 55

Inventory Reduction Price Reduction Vendor Strategies Expense Reduction 55

Supply Chain Game Changer

MARCH 26, 2021

5 Insights for Managing Your Fleet Strategy! If an organization finds a way to reduce operational costs, it can lead to savings that apply directly to the bottom line. Here are 5 ways that a company can reduce operational expenses for fleet management. Subscribe Here!

Expense Reduction 83

Expense Reduction Price Reduction Inventory Reduction Resource Reduction 83

Logistics Viewpoints

MARCH 3, 2022

Logistics strategy as an enabler of new business models. A logistics strategy provides the competitive edge. There are clear advantages to be gained from giving a logistics strategy top priority. Top three success factors for your logistics strategy.

Supply Chain Strategy 149

Supply Chain Strategy Strategy Expense Reduction Austria 149

CH Robinson Logistics

OCTOBER 28, 2021

How can, therefore, shippers increase the efficiency of their LTL shipping operations while cutting down on costs and retaining their competitive edge? As a result, we save time and reduce costs for our customers being able to identify and combine or group freight from multiple shippers.

Expense Reduction 86

Expense Reduction Europe Logistics Network Optimization Software Freight 86

6 River Systems

DECEMBER 11, 2018

Seeing this, we decided that it would be helpful to compile a curated list of 50 of the best tips on logistics planning and strategy that we could find. Logistics strategies for streamlined fulfillment. “With better communication tools present, businesses can also build their collaborative rapport across the supply chain to eliminate confusion. That’s an extremely efficient way of reducing total logistics costs while providing optimal customer service.

Sourcing Strategies 63

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Price Reduction 63

Supply Chain Game Changer

MAY 18, 2022

These days, video is synonymous with content strategy and marketing. With so much competition in this space already, it is time to level up your content strategy so that it stands out. To make the most out of this strategy, you must create both long-form and short-form videos.

Supply Chain Strategy 82

Supply Chain Strategy Material Savings Video Expense Reduction 82

The Supply Chain Journal

JUNE 22, 2021

Stabilizing the airline after the travel business evaporated last year required management to raise money in debt and capital markets, slash payrolls, and reduce expenses to the bare minimum. That is not a link that has been used in our fleet acquisition strategy before.

Supply Chain Strategy 54

Supply Chain Strategy Expense Reduction Cargo Journal 54