The Logistics of Logistics

OCTOBER 30, 2023

The company centralizes data from multiple sources to manage inventory, simplify change management, and improve data quality. solution combines aggregated market data and customer data with advanced machine learning techniques to deliver short-term predictive freight market pricing specific to a company’s individual buy and sell behavior.

Optimal Sourcing 241

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 241

Supply Chain Shaman

NOVEMBER 21, 2018

2) Forecast Value Added. Forecast Value-Added (FVA) is a measurement of demand management improvement. This measurement adds discipline to the forecasting process by comparing the error and bias of the forecast as compared to the Naïve Forecast. 3) Forecastability : A measurement of the ease of forecasting.

Supply Chain Planning Software 195

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 195

ToolsGroup

MARCH 17, 2020

Examples of this include expediting with LTL and air freight and costly in-network transfers from warehouse to warehouse–all of which erode profit margins. Use demand modeling to fine-tune demand forecasts. One US-based ToolsGroup manufacturing customer sources parts from several Chinese and Italian suppliers.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215

GlobalTranz

NOVEMBER 30, 2021

Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Forecast Demand?with?Analytics. Download the White Paper: Over the Road Freight Management Trends. Identify and Apply Freight Consolidation Opportunities. a shipment?doesn’t

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

Logistics Viewpoints

DECEMBER 6, 2023

Media sources are filled with prognostication. Supply Chain Volatility The concept of supply chain volatility is difficult to measure and even more difficult to forecast, as disruptions are typically surprises. The end of the calendar year is sure to bring about predictions about the year ahead. Here are some data that support my view.

Predictive Analytics Software 267

Predictive Analytics Software GEP Supply Chain Software Price Reduction 267

ToolsGroup

APRIL 12, 2019

Too many companies get locked into traditional processes and a familiar vicious cycle: unable to reliably forecast an increasing number of SKU combinations, they load up on inventory to accommodate long-tail, erratic demand. It all starts with probability forecasting. percent, etc., Applying A.I.

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

Logistics Viewpoints

MAY 27, 2022

Dick’s Sporting Goods Beats Forecast in Q1 But Cautions on Inflation, Supply Chain. North American Transborder Freight up 23.8% The more cautious outlook is driven by wage and inflationary pressures, as well as increased freight costs. The US Department of Transportation reported that transborder freight between the U.S.

Logistics Network Optimization Software 251

Logistics Network Optimization Software Supply Chain Network Software Real Estate Forecasting Software 251

ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. Check out the video below. Or listen and follow on Spotify. Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing. Applying sound sourcing principles will enable you to unlock value.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

GlobalTranz

AUGUST 11, 2021

Indicator 2: Freight Spend Seems to Be Spiraling Out of Control. Another indicator of switching from in-house to managed logistics transportation services is expanding freight spend. During times of high market volatility, freight spend will inevitably grow faster than anticipated. This can be a confounding issue.

Logistics Network Optimization Software 294

Logistics Network Optimization Software Transportation Supply Chain Software Supply Chain Planning Software 294

EC Sourcing Group

SEPTEMBER 2, 2021

Demystifying Transportation Sourcing. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing. Applying sound sourcing principles will enable you to unlock value.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

Talking Logistics

FEBRUARY 18, 2016

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Freight is unique. Relationships matter.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Solutions Purchasing Skills Sourcing Strategies 100

The Logistics & Supply Chain Management Society

NOVEMBER 22, 2022

Travin Singh (creator behind Crust Brewing) realised that if he could find bakery partners, he basically had access to a cheap local source of beer making raw materials. The circular economy is a cost saver and generally has less carbon emissions, because raw materials are sourced locally and therefore with less transportation.

Manufacturing Procurement 245

Manufacturing Procurement Material Savings Singapore Waste Reduction 245

Supply Chain Matters

MAY 10, 2022

based Pilot Freight Services for a reported 47.1 Reporting on Maersk’s latest quarterly financial performance, Bloomberg noted that about 71 percent of the company’s container freight business is now locked into long-term contracts, an indication of less exposure to the volatility of spot market ocean freight rates.

Freight 52

Freight Forecasting Russia Logistics Network Optimization Software 52

QAD

FEBRUARY 20, 2024

The Causes of Stock Loss Sources of stock loss can include: Incorrect part movement Scrap with parts being dropped and damaged Shipping inaccuracy from warehouses and suppliers Manual mistakes in the processes Supplier performance Inaccurate forecasting Split shipments can also cause issues.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

Logistics Viewpoints

OCTOBER 31, 2022

ZF sends the call-off, along with the forecast, not just to their suppliers, but to their carriers and 3PLs. Sobeck explained, forecast accuracy had been declining as product sales became more volatile. Decreasing forecast accuracy makes it more difficult to run a lean supply chain. Sobeck explained, are even more important. “We

Agile and Lean Supply Chain 197

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 197

The Logistics of Logistics

MAY 24, 2021

Brad is Vice-President of Sales at FreightWaves , a leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform. FreightWaves provides the ability to benchmark, analyze, monitor & forecast the $9.6T About Brad Guinane. About FreightWaves.

Cost Reduction Strategies 130

Cost Reduction Strategies Analytics Software Forecasting Software Logistics Network Optimization Software 130

Elementum

AUGUST 29, 2022

Increasing Supply Chain Costs Higher fuel, workforce, freight, and logistics costs put a strain on budgets, which means it costs more to produce, transport, and prepare food. Sophisticated network solutions can improve forecasting, reduce unnecessary spending and wastage, and spot growing consumer trends.

Supply Chain Planning Software 146

Supply Chain Planning Software Food Supply Chain Software Waste Reduction 146

Supply Chain Shaman

SEPTEMBER 10, 2020

Today, the bellies of the airplanes are full, and the cost of air freight is too high for many manufacturers. While many companies attempt to improve the response by being reactive on traditional data sources, this is not the answer. Constrained logistics. We have tethered the supply chain to transactional enterprise data. What To Do?

Supply Chain Planning Software 381

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Supply Chain Software 381

Supply Chain Shaman

FEBRUARY 16, 2024

” I believe that the focus should be improving reliability (Forecast Value Added (FVA), first pass tender and yield, and manufacturing schedule adherence) while decreasing process, demand, and data latency. Forget the concept of a junior planner. I say, “Let’s get busy redefining work. Sensing and Proactive Alerting.

Supply Chain Planning Software 362

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 362

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

IDC expects spending on Digital Transformation (DX) on the top 5 use cases – smart warehousing, freight management, optimized operations, supplier network management, and predictive network inventory orchestration – to hit USD $33Bn in 2022. Source: 2021 FUTURE ENTERPRISE RESILIENCY & SPENDING- Wave 9, September 2021.

Predictive Analytics Software 246

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

ThroughPut

FEBRUARY 23, 2024

12 Key Supply Chain AI Use Cases Supply chain AI Use Case 1: Demand Forecasting Market instability is the Achilles heel of demand forecasting right now. And the effect of inaccurate demand forecasting is felt across the supply chain. Just about everyone in the supply chain gets negatively impacted by wrong forecasts.

Predictive Analytics Software 59

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

ToolsGroup

AUGUST 1, 2022

Department of Commerce International Trade Commission , the percentage of retail sales sourced from ecommerce is predicted to increase into 2024–well beyond the lockdowns that caused the initial rise in ecommerce spend. This increase in ecommerce sales is also why your return policy is critical to maintaining and building market share.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Supply Chain Matters

NOVEMBER 7, 2023

The invention of the ocean container as a means for inter-modal sea and surface transportation movements have orchestrated the march toward lowest cost global based sourcing of components and materials. According to Drewry, the forecasted low rates reflect an extreme disconnect between vessel supply and industry shipping demand.

Cost Reduction Strategies 59

Cost Reduction Strategies Global Industrial Industry 59

CH Robinson Transportfolio

MAY 17, 2021

webinar, we provided an in-depth analysis of current supply and demand trends in the North American freight market. This included our forecast of future market conditions, explanations of how the latest market changes impact supply chains, and answers to your most pressing questions. During last week’s Market Insights Live!

Freight 44

Freight Forecasting Los Angeles Supply and Demand 44

QAD

JANUARY 25, 2024

Companies worldwide seek to capitalize on cost efficiencies by sourcing goods from foreign markets. Imprecise demand forecasting: Without considering the nuances of imported products, demand forecasting becomes less precise, impacting planning, resource allocation and customer satisfaction.

Real-time Visibility 92

Real-time Visibility Optimal Sourcing Supply Chain Planning Software Supply Chain Software 92

Logistics Viewpoints

AUGUST 29, 2022

In forecasting lock downs, they looked at infections per million people (PPM) per country. The shut-down forecast also allowed the company to position extra PPEs at its 3 Italian plants. Examples of third-party data would include weather forecasts, sustainability ratings, or D&Bs on a company’s financial viability.

Risk Management 194

Risk Management Supply Chain Planning Software Supply Chain Design Software Supply Chain Risk Management 194

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

I read the Global Fleet Market Forecast for 2022 – 2032 (put together by Oliver Wyman, a Marsh & McLennan company). There forecast shows that global emissions from the Airline sector should hopefully peak in 2030. Issues at one maintenance service provider can in turn impact several airline operators.

Price Reduction 130

Price Reduction Supply Chain Planning Software Forecasting Software Sourcing Strategies 130

CH Robinson Transportfolio

JANUARY 29, 2020

As we begin 2020, we can anticipate more balance in the transportation marketplace, according to industry sources. Supply and demand forecast. Despite multiple variables at play, economists are forecasting a reasonably healthy economy this year with GDP forecasts at a 2% year over year growth rate. 2020 brings balance.

Price Reduction 44

Price Reduction Freight Forecasting Purchasing Skills 44

GlobalTranz

MARCH 24, 2016

For manufacturers and shippers, freight spend represents one of the largest costs to the respective company. However, freight rates are continuing to increase , yet the end users continue to demand lower shipping rates. How Do Transportation Consolidation Programs Reduce Freight Spend? The Problem With Working Alone.

Cost Reduction Strategies 120

Cost Reduction Strategies Waste Reduction Freight Transportation 120

SCMDOJO

APRIL 9, 2024

Data Integration and Logistics Efficiency Consolidating data from various sources and formats provides a full-picture view of logistics, giving managers all the information they need to make decisions. Data Security and Privacy Data integration involves sharing and transmitting data across systems and people, which predisposes it to breaches.

Supply Chain Design Software 65

Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Design 65

Supply Chain Opz

JUNE 23, 2014

It follows 4-step process as described below, (1) Forecaster develops a baseline forecast using statistical methods (2) Forecast is then adjusted by the sales team to reflect a promotion plan, new product introduction, special events, current market and economic conditions and so on. (3)

Inventory Management Software 220

Inventory Management Software Inventory Management Inventory Reduction Inventory 220

Supply Chain Matters

MAY 22, 2023

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. The LMI has now declined 6.7

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

QAD

MARCH 28, 2019

Forecast Accuracy. This is defined as the ratio of forecast to actual demand in a period. Unreimbursed Freight. A high level of unreimbursed freight shows that the team is taking extraordinary measures to satisfy customers. Improving forecast accuracy can help improve DIFOT without increasing inventory.

Customer Service 81

Customer Service Metrics Forecasting Forecasting Software 81

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Logistics Viewpoints

JULY 28, 2021

I am working on my latest Transportation Execution and Visibility Systems study, which looks at the total size of the market, the forecasted growth through 2025, and the leading suppliers across a number of categories including industry, region, customer size, and mode. Visibility solutions are becoming more necessary.

Real-time Visibility 247

Real-time Visibility Transportation Forecasting Software Predictive Analytics Software 247

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

IDC also forecasts that by 2023, 30 percent of Asian enterprises will ship freight using a SaaS-enabled platform, resulting in improved efficiencies in load matching and reduced shipping costs. Dynamic routing has empowered logistics providers to consider plans B, C and D, offering alternative options of ocean and air freight cargo.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Software Modeling Software Forecasting Software 223