The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

But decisions about how many barrels to produce or how many ships to sail have to be made in advance. Is ocean freight pricing broken? As ocean carriers were just signing checks to build massive ships, the global financial crises hit and shipment volumes sunk like a Led Zeppelin. Was it profiteering? And it can be fixed.

Purchasing Skills 217

Purchasing Skills Price Reduction Freight Supply Chain Software 217

EMERGE App

MARCH 11, 2021

Inventory is the store or stock of goods. And in this post, you’re going to know the type of inventory exists. Four Types of Inventory. There are four types of inventory : work-in-progress, finished goods, raw material, and MRO goods. Finished goods inventory is that stock of completed products.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Manufacturing Procurement 52

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

ShipBob

FEBRUARY 12, 2024

At a time when cross-border commerce and shipping are booming, using multiple means of transport can complicate your operations and require the implementation of sophisticated shipping processes. That’s why many businesses outsource shipping to third-party logistics ( 3PL ) providers like ShipBob.

Rail Software 52

Rail Software Logistics Network Optimization Software Shipping Supply Chain Planning Software 52

GlobalTranz

MAY 24, 2016

Using less-than-truckload for medium-sized shipments is one of the great innovations in shipping. It produces results at a fraction of the cost of full truckload (FT) or small package shipping. The ideal TMS can maximize the efficiency of a warehouse and directly affect inventory management. Freight Consolidation.

Purchasing Training 137

Purchasing Training Negotiating Skills Supply Chain Design Software Forecasting Software 137

The Logistics of Logistics

OCTOBER 9, 2023

The company’s platform integrates shipping details with data and algorithms to provide customers with information on expected delivery times, fulfillment speed, on-time performance, and outbound ship times. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. The Greenscreens.ai

Supply Chain Software 225

Supply Chain Software Forecasting Software Predictive Analytics Software Logistics Network Optimization Software 225

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

GlobalTranz

FEBRUARY 4, 2019

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 120

Unleashed

NOVEMBER 28, 2022

Inventory replenishment is reordering stock in the right quantities, at the right time. Too much inventory can increase costs, limit cash flow, and leave you with expired stock. In this inventory replenishment guide: What is inventory replenishment? Reducing overall freight costs. Preventing stock expiry.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

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.

Logistics 156

Logistics Cargo Comparison Freight 156

GlobalTranz

APRIL 27, 2017

How Big Is the Problem Of Inbound Freight Management? Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs. If you’re looking to save costs on shipping, take a look at inbound shipping. It is complicated, that’s why.

Negotiating Skills 144

Negotiating Skills Freight Vendor Strategies Cost Reduction Strategies 144

Supply Chain Shaman

DECEMBER 30, 2021

Global shipping is national news with most stories covering the symptoms. Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. meters, to accommodate ships with 20 rows of containers) and 15.2 Variability abounds.

Supply Chain Design Software 424

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 424

Logility

NOVEMBER 20, 2023

We get a transformative shift that allows companies to plan demand and inventory at the sheer speed of the market. This is particularly valuable for supply chain planners, enabling them to draw comprehensive insights across the organization and democratize access to crucial information.

Forecasting 216

Forecasting Forecasting Software Inventory Reduction Waste Reduction 216

GlobalTranz

SEPTEMBER 1, 2017

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. This will help to prevent the reordering of slow-moving products and ensure optimum inventory levels.

Inventory Reduction 224

Inventory Reduction Warehousing Inventory Vendor Strategies 224

ShipBob

JULY 28, 2023

But, the fact of the matter is, if you’re transporting products overseas then you need to know how to properly fill out a shipping manifest. Understanding the ins and outs of shipping manifests, and getting them right the first time, can save you a lot of time and stress down the line. What is a shipping manifest?

Shipping 52

Shipping Cargo Material Savings Third Party Logistics 52

Turvo

JULY 20, 2021

For most shipping managers today, the two most significant challenges involve addressing shipping exceptions and overcoming supply chain disruptions. Identifying, addressing, and overcoming exceptions within the shipping network chain is essential for maintaining effective handling and processing. But what does it mean? .

Shipping 97

Shipping Inventory Reduction Supply Chain Planning Software Price Reduction 97

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. Inventory turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

20Cube Logistics

FEBRUARY 17, 2022

The rapid rate of technological change and faster access to a greater amount of data are resulting in a transformation of the freight forwarding process. According to several recent studies on the subject, there will be a significant reduction in the processing times involved in activities like shipping and customs. Working with Data.

Freight 75

Freight Resource Reduction Cost Reduction Strategies Inventory Reduction 75

BR Williams Supply Chain Management

MARCH 10, 2023

We would like to share some insights on the general economy and freight market specifically with you: our customers, employees, business partners and community. While many economists warned of the inherent uncertainties of a market dependent upon new variables with very little historical precedent, few predicted the freight recession of 2022.

Freight 98

Freight Report Forecasting Price Reduction 98

The Logistics of Logistics

JUNE 23, 2022

When asked what peak season is, it’s easy to assume the holidays are the only peak shipping season. However, four shipping seasons occur throughout the year and are often regular and expected. That was the case until the ongoing disruptions of the past few years changed the shipping game. Q2: The Produce Shipping Season.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Planning Scenario Planning Retail 237

Supply Chain Game Changer

FEBRUARY 19, 2020

Shipping Zones article originally published by, and permission to publish here provide by Jake Rheude at redstagfulfillment.com. Carriers such as FedEx, UPS, and USPS use shipping zones to determine the shipping cost of a package. ECommerce businesses need to pay attention to shipping zones. Shipping Zone Definition.

Negotiating Skills 96

Negotiating Skills Price Reduction Cost Reduction Strategies Shipping 96

Logistics Viewpoints

JANUARY 21, 2021

Machine learning (ML) techniques can be applied to provide more accurate transit information and estimated arrival times (ETAs) by analyzing the historical shipment data in your transportation management systems. It can minimize the number of actual delayed shipments by making better planning decisions upfront before the orders are shipped.

Predictive Analytics Software 345

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 345

The Logistics of Logistics

APRIL 12, 2019

I was hired as an accountant for an on-demand air charter operator that moved executives and high priority freight. We were primarily in the expedite business, targeting manufacturers of all sizes who were running just-in-time inventory systems that made an intermediary component in someone else’s just-in-time system.

Negotiating Skills 119

Negotiating Skills Freight Purchasing Skills Wisconsin 119

Unleashed

APRIL 25, 2023

Due to the high volume (and often, high value) of B2B customer orders, inventory management presents several unique challenges for manufacturers and wholesalers. This B2B inventory management guide breaks down those challenges and outlines the core benefits and key features to look for in reliable B2B software. What is B2B inventory?

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 52

Supply Chain Game Changer

OCTOBER 29, 2020

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Use of Freight Rate Benchmarking. GET our EBOOK HERE.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

Intelligent Audit

NOVEMBER 30, 2021

The state of ocean freight continues to evolve in the wake of peak season, approaching holiday shipping deadlines , and ongoing disruptions. But imagine this reality: With ocean freight costs setting records, those same errors are now setting records. Why Invoicing Errors Are More Likely in Ocean Shipping.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Shipping Container Tracking 52

Logistics Viewpoints

OCTOBER 31, 2022

According to Mr. Sobeck, the SupplyOn solution means that when you need to “register a supplier or to update their information, you only need to do that once instead of several times.” We use digital call-off information in multiple ways. Mr. Sobeck stressed how interconnected the information flows were. at the ZF Group.

Agile and Lean Supply Chain 197

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

20Cube Logistics

MARCH 28, 2021

It is a key shipping document for international trade that provides a list of items that are shipped from supplier to the final customer. Freight manifest: Provides the details of the cargo along with the freight charges. Cargo manifest : describes all information with respect to cargo, leaving out the freight charges.

Shipping 52

Shipping Cargo Freight Logistics 52

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

SCMDOJO

APRIL 22, 2024

As recent times have shown us, political matters across the world can have an impact on shipping routes, thus affecting the prices of goods all around the world. The price of container freight rates surged while the entire world was having to deal with delays. Consumers dealt with skyrocketing prices and unprecedented shortages.

Inventory Reduction 77

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 77

Herlitz Inventory Management

MAY 26, 2021

Introducing a new and improved Freight Module in HIMPACT that will help you overcome new and rising shipping challenges. Many distributors who have predominantly relied on prepaid freight from vendors are also increasing their use of carriers who charge freight simply to get more supply more often. Bill Backs.

Shipping 52

Shipping Forecasting Freight Network Optimization 52

GlobalTranz

AUGUST 11, 2021

Indicator 1: It’s Difficult to Track Your Inventory From Suppliers Through Final Mile. Inventory tracking and visibility must be present from the first mile through the final mile, reflecting the entire shipment lifecycle through white glove services. Indicator 2: Freight Spend Seems to Be Spiraling Out of Control.

Logistics Network Optimization Software 294

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

Logistics Bureau

MAY 24, 2021

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Let’s Start with Safety Stock.

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Company 98

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. Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Logistics Viewpoints

JULY 13, 2022

Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few. Stock rooms, warehouses and any inventory holding points. Freight forwarding.

Supply Chain Software 213

Supply Chain Software Supply Chain Supply and Demand Supply Chain Network Software 213