The Logistics of Logistics

SEPTEMBER 25, 2023

Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction.

Optimal Sourcing 264

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 264

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. The company was eventually forced to transport its bikes and equipment by more expensive air freight to avoid congested U.S.

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Unleashed

OCTOBER 4, 2023

Some of the main steps involved in the order fulfilment process include: Inventory management Picking and packing Tracking and communication Shipping and delivery Customer service Returns management Fulfilment costs can represent up to 30% of an eCommerce company’s total operating expenses. It also ensures that resources are used efficiently.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Game Changer

NOVEMBER 14, 2018

Certainly we should all reduce, reuse and recycle and it applies everywhere! As such we have the direct or indirect ability to take actions which can promote environmental sustainability, reduce carbon footprint impacts, and drive the creation of the Green Supply Chain. Supply Chain Carbon Footprint Reduction.

Waste Reduction 59

Waste Reduction Material Savings Resource Reduction Cost Reduction Strategies 59

Supply Chain Game Changer

APRIL 21, 2020

A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. One approach is to develop and deploy Don’t Touch Supply Chain strategies! Subscribe Here! Email Address.

Waste Reduction 91

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 91

Supply Chain Game Changer

SEPTEMBER 23, 2022

On the other hand, inefficient distribution centers are prone to inventory inaccuracy and poor warehouse layout. This article provides seven effective strategies to optimize your distribution center. This article provides seven effective strategies to optimize your distribution center. Regularly Monitor Inventory.

Inventory Reduction 52

Inventory Reduction Waste Reduction Expense Reduction Cost Reduction Strategies 52

GlobalTranz

FEBRUARY 16, 2016

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit. You will reduce overhead costs.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

GlobalTranz

MARCH 17, 2022

The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. GlobalTranz works with manufacturing shippers every day to move their goods and streamline their logistics strategies. Supply Chain Management and Maintaining Inventory.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Inventory Reduction 247

Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. HBR also cites technology’s ability to cut costs and to make “companies more agile and therefore better able to handle […] uncertainty and rapid change.” Reduced working capital. Faster order-to-cash.

Waste Reduction 197

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

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. Increased lead time accuracy reduces risks involved in transportation and logistics, improving your overall supply chain.

Predictive Analytics Software 345

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 345

Logility

OCTOBER 19, 2023

In addition, a considerable portion of freight transportation expenses continues to soar as diesel fuel costs surge by 20% year over year. To gain control over their costs and pricing, supply chain leaders must capitalize on the recent stabilization of production capacity and inventory levels.

Network Optimization Software 130

Network Optimization Software Modeling Network Optimization Supply Chain Optimization 130

Logistics Viewpoints

MAY 10, 2021

Following their fourth quarter results, top executives talked about their supply chain and omnichannel strategy at a high level. This new infrastructure will allow the retailer to expand ecommerce assortment while reducing both shipping time and cost. I’m glad we had our leadership and strategy in place,” Mr. Guffina said.

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Software Supply Chain Transformation Inventory Reduction 234

GlobalTranz

FEBRUARY 18, 2022

In this post, we’ll do a deep dive into less-than-truckload (LTL) industry trends to watch for 2022, and highlight actions that shippers should consider to guide their strategy throughout the year. Labor shortages will have a lasting effect, effectively reducing capacity for carriers and terminals. LTL Industry Macro Trends.

Trends 227

Trends Resource Reduction Cost Reduction Strategies Inventory Reduction 227

ToolsGroup

NOVEMBER 30, 2020

With Service Optimizer 99+ (SO99+) ToolsGroup’s manufacturing customers commonly achieve a 10-30% reduction in inventory, improve product availability to 96% or better, and reduce overhead (such as overtime and expedited freight) by 50%. Reduced spare parts stock by 30%. 96% or better product availability.

ToolsGroup 156

ToolsGroup Inventory Reduction Price Reduction Manufacturing 156

GlobalTranz

AUGUST 4, 2021

That alone is evidence that shippers need to start rethinking their strategies and supply chain risk management systems, but there are other challenges that are often overshadowed by the pandemic in the past year like weather, supply chain cyber security , labor shortages, market volatility, and more.

Supply Chain Risk Management 288

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 288

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

Cathy Roberson

AUGUST 15, 2022

Many retailers are feeling inventory pains despite assuring analysts that they're quite pleased with their inventory levels. Mind you, some retailers may indeed be pleased with their inventory levels, but others may be trying to figure out where to store the excess inventory since so many warehouses are beyond full.

Inventory Reduction 52

Inventory Reduction Resource Reduction Inventory Cost Reduction Strategies 52

GlobalTranz

APRIL 25, 2017

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). Ultimately, working with a 3PL lowers total costs and reduces the occurrence of supply chain errors.

Cost Reduction Strategies 156

Cost Reduction Strategies Resource Reduction Vendor Strategies Expense Reduction 156

6 River Systems

NOVEMBER 1, 2022

Efficient, streamlined logistics operations play a critical role in meeting consumer demand, increasing customer satisfaction and ultimately, reducing operational costs. In this article, we’ll discuss four ways to improve retail logistics to reduce operational savings, including: Implement resilient strategies.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Resource Reduction Optimal Sourcing 52

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

GlobalTranz

APRIL 21, 2017

Unless your organization has been absent from the takeover of TMS in the conversations of online and print media, you have likely encountered plenty of reasons why a transportation management system (TMS) benefits shippers. Obviously, it saves money and reduces overhead, but where? This is where a TMS comes into play.

Transportation Management 161

Transportation Management Supply Chain Planning Software Analytics Software Vendor Strategies 161

Logistics Viewpoints

JUNE 26, 2023

For Mars, digitalization has focused on improved customer service, cost reductions, and making their supply chain associates more productive. The second goal was to work with a fourth party logistics (4PL) partner that had invested in cutting-edge transportation management and visibility solutions. The change management was difficult.”

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 208

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. Implement Continuous Review Systems for Reordering. Implement Vendor Compliance Programs.

Inventory Reduction 224

Inventory Reduction Warehousing Inventory Vendor Strategies 224

GlobalTranz

JANUARY 8, 2015

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Inventory Reduction 120

Inventory Reduction Agile and Lean Supply Chain Lean Waste Reduction 120

BR Williams Supply Chain Management

JANUARY 18, 2021

Successful distribution management utilizes: State-of-the-art information systems. Warehouse inventory management systems (WMS). The ideal situation for any retailer or manufacturer is to have just enough inventory on hand to sell or to keep production lines running smoothly. Logistics software. Forecasting tools.

Inventory Reduction 89

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 89

Veridian Solutions

FEBRUARY 26, 2020

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. The use of combined supply chain systems ensures these processes continue disruption-free, even when those systems go outside the warehouse.

Inventory Management Software 64

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 64

Veridian Solutions

JANUARY 29, 2020

Knowing that your distribution fulfillment strategy is working gives you a better insight into how your business is performing. This is important for reducing order fulfillment errors, improving your inventory management and remaining competitive. Signs That You Might Need a New Fulfillment Strategy. Higher freight spend.

Inventory Reduction 58

Inventory Reduction Expense Reduction Cost Reduction Strategies Material Savings 58

Logistics Viewpoints

FEBRUARY 5, 2024

Walmart is reducing its requirements that suppliers’ shipments to them arrive on-time in-full. Walmart’s On-Time In-Full initiative is a compliance measure designed to ensure that freight arrives at a Walmart store or distribution center when it was supposed to, in the quantities expected.

Shipping 244

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 244

SCMDOJO

APRIL 15, 2024

This system uses giant warehouses, lots of trucks, and even cool robots to move things quickly. Amazon’s Mission Its unwavering commitment to customer satisfaction is at the heart of Amazon’s logistics strategy. Ever wonder how Amazon gets your package to your door so quickly?

Logistics Network Optimization Software 81

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 81

Supply Chain Game Changer

SEPTEMBER 17, 2020

Why don’t you have a TMS (Transportation Management System) Solution yet? Supply Chain Systems article and permission to publish here provided by Dave Joseph at veridian.info. Warehouse Management System. The warehouse management system serves as the system of record for all in-warehouse and distribution center activities.

Inventory Management Software 105

Inventory Management Software Demand Planning Software Supply Chain Software Sourcing Strategies 105

GlobalTranz

OCTOBER 15, 2018

For shippers, the best way to handle the e-commerce logistics surge lies in e-commerce freight consolidation and deconsolidation. E-Commerce Growth Is Incompatible With Stagnate Freight Shipping Strategies E-commerce growth can boggle the mind. Lowered fuel costs and reduced diesel emissions. Track inventory in real time.

Freight 120

Freight Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 120

GlobalTranz

APRIL 14, 2017

Transportation management systems ( TMSs ) are not a new concept, but where they are hosted now, in the cloud, is still new to the shipping industry. In turn, user access can be maintained and expanded through cloud-based scalability, ensuring all users can access the system without interruption. Historically, companies .

Analytics Software 122

Analytics Software Forecasting Software Predictive Analytics Software Vendor Strategies 122

GlobalTranz

AUGUST 11, 2021

As market volatility, delivery expectations and customer experience levels impact supply chain strategy, shippers are looking for new ways to drive operational and competitive advantage from external expertise. Indicator 1: It’s Difficult to Track Your Inventory From Suppliers Through Final Mile.

Logistics Network Optimization Software 294

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

Elementum

AUGUST 29, 2022

Recent shortages have highlighted the need for robust, future-proof supply chain management systems that far exceed the capabilities of conventional inventory control processes. 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

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Material Savings Inventory 52