SCMDOJO

APRIL 22, 2024

The price of container freight rates surged while the entire world was having to deal with delays. Read more about The Challenges and Opportunities of Implementing Artificial Intelligence in Procurement at our website SCMDOJO! Among surveyed respondents, nearly 97% of industrial product companies saw disruptions during the pandemic.

Inventory Reduction 77

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The Logistics of Logistics

OCTOBER 19, 2022

Marc is the Co-founder and CEO of Fishtail, a Boston based fintech company that empowers freight forwarders to finance the movement and procurement of goods – for small and medium businesses (SMBs) around the world. Marc Held and Joe Lynch discuss the Fishtail story. About Marc Held. About Fishtail. Key Takeaways: The Fishtail Story.

Optimal Sourcing 223

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QAD

APRIL 7, 2022

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. But corporate procurement isn’t quite as simple as placing an order on Amazon or another web marketplace. Basic Responsibilities.

Manufacturing Procurement 95

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 95

Freightos

SEPTEMBER 14, 2022

The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages.

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Logistics Cargo Comparison Freight 156

The Logistics of Logistics

SEPTEMBER 25, 2023

About Verusen Verusen is a leading MRO Materials Intelligence provider focused on helping global manufacturers streamline their MRO supply and materials management strategy. For manufacturers: Optimizes inventory and harmonizes data to reduce costs, improve visibility, and make better sourcing decisions. The Greenscreens.ai

Optimal Sourcing 263

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 263

Supply Chain Matters

APRIL 7, 2023

freight rates have reached their lowest levels in nearly six years. In essence, it is confirmation of a freight recession condition. That is not good for retailers and manufacturers, each under the looking glass to reduce not only transportation but also inventory carrying costs. All rights reserved. The post U.S.

Freight 52

Freight Manufacturing Procurement Supply and Demand Nevada 52

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . In a November survey , 87% of merchants shared that they already were affected by increased freight costs. What is just-in-time procurement?

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

Supply Chain Matters

OCTOBER 12, 2022

In this Supply Chain Matters posting we highlight published September 2022 indices of global supply chain volatility ( GSPI ) and US Logistics Index ( LMI ) activity trends along with our view of the implications. In a prior Supply Chain Matters posting, we highlighted both September and Q3-2022 global and regional PMI indices.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. labor, materials and warehousing, to IT, freight and safety. Managing Inventory.

Forecasting 105

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ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

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. Supply Chain Matters highlights continued evidence that the U.S. remains unclear.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Logistics Viewpoints

JULY 13, 2022

Well, there are a number of different types of supply chain fraud that impact global supply chains, from the procurement of materials to the end delivery of a product. These include: The Procurement bidding process and business awards. Stock rooms, warehouses and any inventory holding points. Freight forwarding.

Supply Chain Software 212

Supply Chain Software Supply Chain Supply and Demand Supply Chain Network Software 212

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Supply Chain Shaman

SEPTEMBER 3, 2015

Next week is the annual Supply Chain Insights Global Summit , and summit preparation is on my agenda for the weekend. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Matters

FEBRUARY 23, 2023

Supply Chain Matters highlights the increasing realities of declining global trade and freight rates that are occurring in the first-half of 2023. Background Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. percent decline in global trade.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Price Reduction Cost Reduction Strategies 52

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. In a November survey , 87% of merchants shared that they already were affected by increased freight costs. What is just-in-time procurement?

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 52

SCMDOJO

MARCH 27, 2024

That includes inventory tracking, order management, demand forecasting, and logistics planning. It encompasses a wide range of features from freight forwarding to brokerage. 3 Precoro Precoro simplifies procurement processes for small to medium-sized businesses. Cons: It is more focused on procurement.

Supply Chain Design Software 69

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 69

Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. With the right data you can reduce your overall transportation costs, both accessorial costs and overall freight spend. Closer to home for supply chain professionals, driver shortages continue to plague the industry.

Waste Reduction 197

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

Supply Chain Opz

NOVEMBER 9, 2014

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. However, you may wonder what kind of practices really work.

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Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Supply Chain Matters

APRIL 4, 2023

Supply Chain Matters provides highlights of March and Q1- 2023 reported global and regional PMI indices which reinforce a state of stabilization within global supply chain networks. However, we discern some added signs excess inventories and of production sourcing shifts. That stated, the reported 49.6 and January value of 48.8.

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global Purchasing Skills 52

Logistics Viewpoints

DECEMBER 5, 2022

But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. The Molex global supply chain is complex. There was no air freight possible then into Europe,” added Gerald van den Eijnden.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? The added strain on resources is on track to force high freight volumes to continue well into the next year. Download the White Paper: Over the Road Freight Management Trends. Carrier Vetting for OTR Freight.

Prescriptive Analytics Software 308

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Supply Chain Matters

MAY 5, 2023

Supply Chain Matters provides highlights of April 2023 reported global and regional PMI indices which continue to reinforce a state of contraction level stabilization within global supply chain networks. Some good news is that the reported data reinforces that global supply chain wide pressures have eased considerably.

Manufacturing Procurement 52

Manufacturing Procurement Global Supply Chain Optimization Supply Chain Strategy 52

The Logistics of Logistics

JUNE 23, 2022

We’ve seen how the lockdowns in Shanghai snarled global supply chains. In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise. of global retail sales by the end of 2022. Bottlenecks from future COVID-19 variants are possible.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 237

Supply Chain Matters

AUGUST 4, 2022

In our prior published Supply Chain Matters commentary, we reviewed and provided some added insights on July’s global manufacturing PMI indices which are pointing to declining global supply chain production momentum. A July edition provided two reports that responded to the question- Are Global Supply Chains Recovering ?

Supply Chain Planning Software 52

Supply Chain Planning Software Global Supply Chain Planning Supply Chain Software 52

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. Freight Management. Contract Review.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Shipsy

MAY 16, 2021

It is a transport document issued by a carrier or freight forwarder. 3PL means outsourcing logistics services to perform procurement, transportation, order fulfillment, and other operations, to a third-party provider. . It is a system that looks after inventories, order fulfillment, and transportation. AWB- Air waybill.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Global Logistics Supply Chain Design Software 52

Supply Chain Matters

MAY 3, 2022

In this Supply Chain Matters commentary, we highlight the latest quantitative data related to global manufacturing PMI activity levels for April. Global Manufacturing Output Levels Declined. Global Manufacturing Output Levels Declined. The Global Manufacturing Output sub-index reportedly dropped to a contraction value of 48.5

Manufacturing Procurement 52

Manufacturing Procurement China Purchasing Skills Supply Chain Planning 52

Supply Chain Matters

JANUARY 10, 2023

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares select individual prediction snapshots that are included in our annual 2023 predictions for industry and global supply chains research advisory. A published Future of Freight study sponsored by Deloitte in September 2022 indicated that U.S.

Predictive Analytics Software 52

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ThroughPut

FEBRUARY 1, 2023

companies with global operations, one of the most effective global value chain strategies and supply chain strategies is to mitigate risk by shipping smarter. This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory and warehouse management practices.

Material Savings 52

Material Savings Price Reduction Expense Reduction Sourcing Strategies 52

Freightos

NOVEMBER 11, 2021

Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. For a forwarder, refraining from working with Maersk today is expensive because it removes 17% of global shipping capacity. Accelerating the shift. Image via StarAir.dk). of the U.S.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

Supply Chain Matters

SEPTEMBER 6, 2022

Supply Chain Matters once again highlights some positive news for global supply chain management teams, specifically transportation and logistics related teams. The post Report That Global Ocean Container Rates on the Decline first appeared on The Ferrari Consulting and Research Group / Supply Chain Management. Added Perspectives.

Report 52

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ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Inventory strategy.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

Supply Chain Game Changer

FEBRUARY 27, 2019

Inventory Turnover Breakthrough … Go Back To The Basics! Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Understanding the top 10 global supply chain risks can work to reduce their impact. Subscribe Here! Email Address.

Supply Chain Planning Software 57

Supply Chain Planning Software Resource Reduction Price Reduction Waste Reduction 57

SYSPRO Smarter ERP

MARCH 31, 2022

Global supply chains were starting to recover from two years of upheaval caused by the pandemic when the military crisis hit. The further disruption caused by Russia’s invasion of Ukraine could cause major disruptions to the global supply chain and impact South Africa. Responding to global disruptions. Supply chain challenges.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Disruption Supply Chain Design Software Supply Chain Planning Software 105

ToolsGroup

MARCH 17, 2020

When you can rapidly and efficiently respond to whatever disruptions tomorrow brings, we ensure a higher degree of supply chain stability in today’s interconnected, global world, and you add more dollars to your bottom line. Choose to respond efficiently and thrive amid the COVID-19 crisis. Use demand modeling to fine-tune demand forecasts.

Supply Chain Planning Software 215

Supply Chain Planning Software Modeling Scenario Planning Supply Chain Planning 215