3rdwave

JANUARY 17, 2020

visibility to the port of entry to determine the status of a transportation unit for delivery priority, visibility to regulatory statuses at the port of entry, visibility to receipt detail, visibility to exception alerts when defined milestone events are not met, visibility to freight contract cost elements for freight audit validation.

Optimization Software 54

Optimization Software Supply Chain Optimization Demand Planning Software Supply and Demand 54

Zipline Logistics

JULY 27, 2021

As produce transportation winds down and the freight market loosens slightly for the first time in several months, CPG shippers have the opportunity to prepare for the quickly approaching peak season. Peak season in this context is defined by increased freight volume associated with back-to-school shopping and the coming holiday season.

Vendor Strategies 52

Vendor Strategies Optimal Sourcing Sourcing Strategies Cost Reduction Strategies 52

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Talking Logistics

JUNE 2, 2016

This assessment identifies the most important capabilities for which the newly divested company needs to account, which may include functions such as Procurement, Purchasing, Accounting and Supply Chain Operations itself. Step 2: Leverage a Transitional Service Agreement Wisely.

3PL 100

3PL Optimal Sourcing Modeling Procurement Analytics 100

GlobalTranz

DECEMBER 29, 2014

To that end, every warehouse manager’s role is to manage the physical environment, loadshifting equipment and people, to decrease the chances of collision and accidents, and often, to help the flow of freight via outbound and inbound freight management; an entire process known as warehouse traffic management. Read the full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

Unleashed

DECEMBER 2, 2020

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Let’s talk about how you calculate the reorder point for your products (with some examples) and how you can use it in your business. Understanding Lead Time.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

QAD

FEBRUARY 7, 2023

Being able to score each supplier based on the factors that affect your success gives you visibility into the overall value of each supplier and how to strategize and optimize the relationship. This requires establishing KPIs and specific metrics of success to assess performance against.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98

Zipline Logistics

JANUARY 24, 2020

Delivering on-time and in-full is essential to success and a metric used by retailers when evaluating partnerships with vendors of all sizes. If you have wondered how to improve OTIF and overall supply chain performance, you are not alone. We have a few tips on how to make logistics improvements to increase OTIF performance.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Unleashed

MARCH 31, 2021

A lean business looking to build efficiencies would do well to try and improve this metric. How to calculate: Days of Inventory (number of days inventory on hand) plus Days of Receivables (number of days for customer to pay for orders), then subtract Days Payable Outstanding (number of days it takes you to pay for purchases).

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Optimize delivery routes, improve freight operations, and propose the best shipping methods to you.

Predictive Analytics Software 59

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

GlobalTranz

FEBRUARY 25, 2021

Customers expect to return products in the same way they purchased them, so it is not always as simple as just returning to a store. Shippers are faced with a variety of challenges: finding the right carriers for the specialized reverse logistics movements, managing costs and inventory, and delivering the desired customer experience.

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

Talking Logistics

OCTOBER 29, 2013

What is this going to cost? You could answer them with a purchase order (P.O.) Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Understand technology, information, and reporting tools and how to use them in the business. How to Recognize Success. How to Recognize Failure.

Pricing Training 145

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 145

SupplyPike

APRIL 10, 2020

Learn how to: Keep your logistics on time and prepared Maintain your replenishment goals Properly forecast and redefine your demand plan Use technology to help. You’ll need to work with your buyer on revising their purchasing plans to favor high demand items. Many suppliers are seeing the COVID-19 pandemic as a “black swan” event.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 98

GlobalTranz

AUGUST 4, 2015

Editor's Note: As a third party logistics company with a focus on better Less-Than-Truckload (LTL) freight management, we have several shippers who are in the manufacturing industry. In today's post, we share 5 Golden Manufacturing Metrics that all manufacturing companies should understand to improve plant operations quality.

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 120

Unleashed

FEBRUARY 21, 2024

The costs of additional labour and customer support can dig into your profits, and identifying fraudulent returns is never easy. This article explores how to bring down your return rate and save time with an optimised returns management process. This may involve freight partners. Should a returns policy be tight or lenient?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

BlueYonder

JANUARY 31, 2023

Salim: Our automotive customers are increasingly looking at how to counter inflation but at the same time how to enable supply chain resiliency. The visibility will include not just the short-term purchase order or ASN-level visibility, but also the tactical kind of forecast collaboration with the suppliers.

Automotive 85

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 85

Unleashed

MAY 1, 2023

We met with five supply chain experts to discuss how crucial demand forecasting is for mitigating risk, and what businesses can do to improve forecast accuracy. Meet the experts Nicki Hawkins – Cost Accountant & Head of Purchasing – Ribeye Boats , premium leisure boats in Dartmouth, Devon.

Forecasting 96

Forecasting Supply and Demand Modeling Forecasting Software 96

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. What is a good inventory turnover ratio?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Supply Chain Game Changer

NOVEMBER 19, 2018

Certainly there are many factors which can cause a company to apply intense pressure on Supply Chain, as well as other functions, to reduce their costs. Financial losses or declining profitability certainly make cost cutting a priority. A poor or negative cash position can cause Executives to look at how to reduce expenses to survive.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

ShipBob

NOVEMBER 6, 2023

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

BlueYonder

FEBRUARY 17, 2022

Followed by focus on big data analytics where companies began leveraging BI (business intelligence) tools for data-driven decision making. As we adhered to shelter-in-place orders from the CDC (Centers for Disease Control), each of us were purchasing more products and services online at a faster adoption rate than ever before.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 70

Unleashed

MARCH 23, 2021

Chances are, especially in this strange new economy, life is going to get fairly complicated as you need to adjust the supply of materials to meet changing demand , as well as account for all the other little details that come along with purchasing and utilising materials. Sourcing and purchasing. Cut materials costs.

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. Ordering and purchasing the required materials from suppliers at the right time and quantity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

Unleashed

JANUARY 3, 2023

But when your cash is locked wages, managing inventory , lines of credit, and other costs, it can slow down productivity – even bring it to a standstill. So, let’s break down how to improve cash flow in a manufacturing business and look at the various cash flow challenges faced by manufacturers around the world.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Federal Power Over Freight Management KPIs. Freight Management KPIs are undoubtedly the most important metrics to track and understand.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

Unleashed

JANUARY 5, 2021

Inventory turnover is a key formula that’s often discussed in the context of inventory management efficiency, and crops up in most types of inventory report. Let’s take a closer look at this important metric. How to calculate inventory turnover. Now you know how much you inventory cost for the period.

Inventory Reduction 83

Inventory Reduction Inventory Procurement Analytics Inventory Management Software 83

Freightos

FEBRUARY 4, 2020

The concept of an index, reporting the market price for a specific good, was developed precisely for this reason. As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted.

Optimal Sourcing 238

Optimal Sourcing Purchasing Skills Real-time Visibility Procurement Analytics 238

ShipBob

AUGUST 25, 2021

Some of these inefficiencies often start with improper purchase ordering. The analytics are super helpful. To optimize your first-mile delivery process effectively, you will need a system in place to collect data and report on key distribution metrics. Collect the right data. Ready to jump on board?

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Inventory Reduction 52

Supply Chain Game Changer

NOVEMBER 13, 2018

Check out How To Differentiate With A Supplier Relationship Management (SRM) Program! Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. The baseline metrics for performance of a partner are the same operational parameters used for other suppliers. Email Address.

Vendor Strategies 64

Vendor Strategies Resource Reduction Supply Chain Planning Software Purchasing Skills 64

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). Specifically, GMROI measures how much profit you generate from every dollar you invest in your inventory purchases. This metric doesn’t just account for the cost of buying inventory.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Unleashed

FEBRUARY 28, 2023

Here, we’ll talk about what receiving efficiency is, how to measure it using warehousing metrics, and cover a few different ways to optimise your inward goods process. Receiving efficiency is a useful warehousing metric that helps business owners determine whether their receiving process needs improvement.

Inventory Management Software 52

Inventory Management Software How To Inventory Reduction Warehousing 52

ToolsGroup

APRIL 1, 2022

Learn more on how to overcome today’s supply chain challenges by securing the free guide, 8 Winning Strategies to Combat Supply Shortages. How the Supply Chain Crisis is Impacting Businesses and Consumers. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Unleashed

FEBRUARY 28, 2021

Users can choose a fixed implementation plan or a more consultative approach, and scale up as needed with everything from reporting and analytics, shop floor data capture, HR, payroll and hosting available. On-premise also means having complete ownership of how and where data is stored, and is generally more customisable. .

Supply Chain Planning Software 98

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

GlobalTranz

OCTOBER 27, 2015

Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. This starts with deploying the S.M.A.R.T.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

Logistics Bureau

SEPTEMBER 3, 2017

For instance, two manufacturers pool their purchasing to buy more services more cost-efficiently from the same logistics provider. Two freight forwarders might work together to achieve better geographical coverage by combing their two fleets and driver workforces. Metrics may be financial, such as profits, revenues, and costs.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40

Logistics Bureau

AUGUST 10, 2017

We’ll explain how to use your supply chain to improve your last-mile delivery service and make sure it differentiates your retail business from its competitors, depending on whether you plan to compete on cost or quality. Read More: Less Frustrating Way to Negotiate Freight Contracts. Shortening the Last Mile.

Supply Chain Planning Software 44

Supply Chain Planning Software Cost Reduction Strategies Inventory Reduction Price Reduction 44

Logistics Bureau

SEPTEMBER 3, 2017

For instance, two manufacturers pool their purchasing to buy more services more cost-efficiently from the same logistics provider. Two freight forwarders might work together to achieve better geographical coverage by combing their two fleets and driver work-forces. Metrics may be financial, such as profits, revenues, and costs.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Manufacturing Procurement 3PL 40