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-case procurement?

Just-in-Time 98

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

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

American Global Logistics

AUGUST 22, 2023

Air freight has evolved dramatically, especially after the pandemic. Since then, air freight has adapted to various market demands and technological advancements. 2023 Air Freight Industry Analysis Air freight is a vital part of the global economy. The largest air freight carriers in the world are FedEx, UPS, and DHL.

Cargo 52

Cargo Sourcing Strategies Material Savings Logistics Network Optimization Software 52

SYSPRO Smarter ERP

MARCH 31, 2022

It’s premature to know at this stage what the full impact will be on our economies and supply chains, but we can expect more delays of supply of imported inventory, food, and component parts, due to reduced or rescheduled air and sea freight. Supply chain challenges. The supply chain of the future.

Manufacturing Procurement 105

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

Ware2Go

JANUARY 7, 2022

In a November survey , 87% of merchants shared that they already were affected by increased freight costs. Further, 18% had re-routed freight or re-negotiated with carriers – and 12% absorbed the extra cost. Running a JIC strategy, companies risk tying up working capital in inventory, but the risk of stockouts is lower.

Just-in-Time 52

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

Stord

FEBRUARY 4, 2019

Many retailers tried to move inventory to the United States earlier than normal to avoid impending tariffs, causing a massive influx of shipments. If you need to import more inventory on short notice, the ability to expand your warehouse footprint is vital. One obvious challenge was the added cost of importing many goods or products.

Optimal Sourcing 78

Optimal Sourcing Supply Chain Optimization Modeling Los Angeles 78

Supply Chain Game Changer

APRIL 21, 2020

A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! As we articulated in our article A Don’t Touch Strategy Will Dramatically Lean Out Your Supply Chain! Freight management has further prospects with autonomous vehicles , including tractor trailers, and drones. Subscribe Here!

Waste Reduction 91

Waste Reduction Inventory Reduction Cost Reduction Strategies Material Savings 91

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. It measures the amount of elapsed time from when an order is accepted to when the product is produced and entered into finished goods inventory. Outbound KPIs.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

BlueYonder

MAY 14, 2021

One of the factors in that evaluation would also be the freight costs you incurred for that container and any additional costs if you are expediting another shipment. If you were to check the freight invoice, you probably paid four times the cost of the container as compared to last year! Chart Source: Freightwaves).

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Reduction Agile and Lean Supply Chain 52

CH Robinson Transportfolio

DECEMBER 15, 2021

However, with this year’s volatility, I was also given a front-row seat to a new level of hyper collaboration – including individuals going out of their way to help each other, more strategy sessions between shippers and forwarders, and continually leaning into historical data and current market insights to find smarter solutions.

Sourcing Strategies 64

Sourcing Strategies Logistics Network Optimization Software Cost Reduction Strategies Global 64

GlobalTranz

FEBRUARY 16, 2016

A cross-functional Material Review Board (MRB) will reduce the need for additional space by reviewing obsolete, non-moving and slow moving inventory monthly, and sending disposition recommendations to top management. A Transportation Management System (TMS) optimizes freight to utilize the most effective lanes and routes.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

Procurement Academy

NOVEMBER 4, 2022

There are new sources of volatility, uncertainty, and ambiguity at every turn – from radical inflation to international conflict. By wrong, we mean lead-times that are too long, stockouts, late deliveries and too much inventory in the wrong place of the wrong parts. Today, we live in a world that is only getting more complex.

Supply and Demand 52

Supply and Demand Demand Planning Software Supply Chain Planning Software Material Savings 52

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. It is safe to say that if a warehouse operation is not implementing Lean, it is falling behind its competition. These are three examples: Rule 3.1:

Waste Reduction 274

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

The Logistics of Logistics

OCTOBER 12, 2012

Chuck Intrieri is a: Certified Value Engineer (VE), Certified Purchasing Manager (CPM), Certified Production and Inventory Control Manager (CPIM), and is Lean Certified all of which attests to his deep understanding of operations and logistics beyond the confines of the purchasing function. Chuck Intrieri Education.

Manufacturing Procurement 100

Manufacturing Procurement Optimal Sourcing Negotiating Skills Purchasing Skills 100

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. For example, one tool updates your ERP system with a delivery time, which the ERP then sends to your inventory optimization software.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 52

EazyStock

JANUARY 6, 2023

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. Supplier management.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 52

Resilinc

MARCH 30, 2021

For example, companies that achieve high levels of maturity and visibility in their SCRM program can reduce their inventory buffers (over and above lead-time buffers). The chart below shows five of the top sources of ROI from an SCRM, including event-related savings and ongoing sources of value. Reduction in Freight expediting.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Planning Material Savings 62

Supply Chain Collaborator

AUGUST 14, 2019

Freight Payment and Audit automation makes settlement predictable and easy which is always appreciated by carriers. Expect to pay more in salaries to source, hire and retain the talent needed for the digital supply chain. A shipper with a great TMS is a carrier’s first choice! Step 3 – Give transportation a seat at the “adult table”.

Supply and Demand 95

Supply and Demand Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 95

Supply Chain Game Changer

NOVEMBER 14, 2018

The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. Low cost sourcing is a predominant reason for this geographically dispersed network. Do they have a plan to get all of their energy needs from sustainable and renewable sources?

Waste Reduction 59

Waste Reduction Material Savings Resource Reduction Cost Reduction Strategies 59

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

Freightos

AUGUST 26, 2015

So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources. If you’re like me, staying up to date on supply chain news is critical. wsjlogistics.

Resource Reduction 120

Resource Reduction Resources Logistics Network Optimization Software Logistics 120

Talking Logistics

JANUARY 8, 2015

This will be possible through a platform approach to transportation management that delivers a unified control structure, and drives savings by aggregating sourcing volumes and optimizing end-to-end transportation. End-to-end supply chain visibility at the item level leads to a better picture of where inventory is.

Global Transportation 100

Global Transportation Inventory Reduction Optimal Sourcing Cost Reduction Strategies 100

Supply Chain Game Changer

JUNE 11, 2019

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products.

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 105

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Evolution of Asset Management: Humans, Inventory and the Rise of AI by Jeroen Hendriks , Director at Art of Supply Chain Sdn Bh In the ever-evolving landscape of organisational success, the spotlight is now on asset management. However, inventory is also an essential asset for many businesses.

Asset Management 130

Asset Management Inventory Reduction Inventory Optimal Sourcing 130

SYSPRO Smarter ERP

APRIL 13, 2022

Where energy extraction is upstream, and freight and transportation midstream, the impact of the military conflict will also be felt in industries where oil and gas are refined and used to make rubber, preservatives, plastics, containers and many other products that play an important role in the agricultural and medical fields.

Supply Chain Planning Software 111

Supply Chain Planning Software Price Reduction Cost Reduction Strategies Material Savings 111

ModusLink Corporation

DECEMBER 13, 2022

Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Carriers Will Lower Rates But Keep Many Others.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Trends 78

LevaData

NOVEMBER 3, 2020

A decades-long lean manufacturing effort focused on minimizing costs, reducing inventories, and driving up asset utilization had removed buffers and flexibility to absorb disruptions. The counter measure became moving inventory out of these regions but also leveraged local manufacturing capacity to dual source.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Software Supply Chain Optimization Optimal Sourcing 52

LevaData

NOVEMBER 3, 2020

A decades-long lean manufacturing effort focused on minimizing costs, reducing inventories, and driving up asset utilization had removed buffers and flexibility to absorb disruptions. The counter measure became moving inventory out of these regions but also leveraged local manufacturing capacity to dual source.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Software Optimal Sourcing Supply Chain Optimization 52

Supply Chain Opz

JUNE 1, 2014

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. In order to compensate a long waiting time, Adidas uses air freight or courier service.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Logistics Bureau

JANUARY 19, 2016

While this article is not going to focus on lean practices, the importance of keeping waste and process inefficiencies to a minimum can never be stressed enough when it comes to controlling expenditure and preventing cost blowouts in the supply chain. The problem is usually created by holding too much static inventory. Freight Costs.

Supply Chain Planning Software 40

Supply Chain Planning Software Cost Reduction Strategies Negotiating Skills Agile and Lean Supply Chain 40

Supply Chain Matters

JANUARY 10, 2023

2023 Prediction Three: More Direct Control in Strategic or Tactical Multi-tiered Direct Materials Sourcing will Continue to be a Prominent Element of Business Strategy for Chief Supply Chain or Chief Procurement Officer Efforts. . A published Future of Freight study sponsored by Deloitte in September 2022 indicated that U.S.

Predictive Analytics Software 52

Predictive Analytics Software Resource Reduction Cost Reduction Strategies Manufacturing Procurement 52

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.

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Resource Reduction 98

Supply Chain Matters

JUNE 21, 2022

As inventory-to-sales ratios dropped to near record lows, inter-modal logistics networks were forced to try to manage and synchronize essentially just-in-time material movements which were out of sync in many important dimensions. business logistics costs for 2021. . Specific Highlights. Rising Costs of Warehousing. percent in 2020 to 3.7

Logistics Network Optimization Software 52

Logistics Network Optimization Software Procurement Analytics Report Inventory Reduction 52

Supply Chain Shaman

JANUARY 28, 2015

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). What suppliers need help with cost (LEAN, labor, freight,…)? We are targeting much improved end-to-end planning in response to multiple demand sources.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 150

SupplyShift

JUNE 10, 2020

Rethinking inventory and origination – Consumer goods companies are questioning the wisdom of maintaining lean inventories and sourcing from suppliers in distant locations. The article suggests six tactics for determining who gets what when companies are unable to fulfill all orders.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 52

SupplyShift

JUNE 10, 2020

Rethinking inventory and origination – Consumer goods companies are questioning the wisdom of maintaining lean inventories and sourcing from suppliers in distant locations. The article suggests six tactics for determining who gets what when companies are unable to fulfill all orders.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 52

QAD

MAY 26, 2021

Inventory Optimization. Freight Bill Audit and Pay. QAD Allocation offers integrated sourcing and supplier management solutions that eliminate off-contract buying, increases purchasing power and boosts cost savings. The portfolio of strategic sourcing and supplier management solutions include: Supplier Management.

Procurement Solutions 52

Procurement Solutions Supply Chain Planning Software Supply Chain Design Software Analytics Software 52