3rdwave

JULY 20, 2020

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains. When we talk about global supply chain visibility we are referring to: .

3PL 54

3PL Freight Procurement Analytics Negotiating Skills 54

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

Unleashed

MARCH 31, 2021

However, when people refer to supply chains, they often use the terms ‘supply chain’ and ‘logistics’ interchangeably. When we refer to the ‘supply chain’, we’re referring to the network of suppliers, manufacturers, producers, shipping companies and more who, when combined, produce, ship and sell products and services to end-users.

Supply Chain Planning Software 69

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

SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. By leveraging their capabilities, businesses can reduce transportation costs, optimize inventory levels, and minimize warehousing expenses.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Kinaxis

DECEMBER 7, 2015

Which metrics are most important? Everyone would agree that the big buckets of metrics are Service, Revenue, Inventory (Cash), and Cost, which support your company’s strategic goals. Best in class characteristics for supply chain measurement include: Share insight and accountability for key metrics across the company.

Inventory Reduction 100

Inventory Reduction Supply Chain Optimization Cost Reduction Strategies Supply Chain Strategy 100

GlobalTranz

FEBRUARY 25, 2021

Reverse logistics refers to all operations related to the reuse of products and materials. 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

ShipBob

APRIL 26, 2023

The upstream supply chain refers to the flow of inventory in the pre-production stage, mostly in relation to the organization’s suppliers. This will allow you to improve your inventory planning accordingly so you don’t get too seriously affected by unexpected disruptions. Let’s get into it. What is the upstream supply chain?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

QAD

FEBRUARY 7, 2023

Not to be confused with supplier risk management, supplier relationship management refers more to effectively managing supplier relationships to achieve better business outcomes. 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

Intelligent Audit

DECEMBER 29, 2021

Air freight Is Rising. Air freight rates have been a major story throughout 2021. kg, according to the Freightos Air Freight Index. Most importantly, the air freight index runs approximately one week behind, so the real impact of the Christmas Week Showdown—the immediate days leading up to the holiday, is still unavailable.

Shipping 52

Shipping Los Angeles Houston New York 52

Talking Logistics

JULY 19, 2013

Con-way Freight Raises the Bar on Mexico Service, Adds Door-to-Door Tracking, 24-Hour Customer Resource Center, Enhanced Web Tools. LLamasoft Launches Data Services to Provide Reference Data for the Supply Chain Design Community. In this week’s news, new products and services and a couple of acquisitions top the list.

Logistics Network Optimization Software 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 134

American Global Logistics

DECEMBER 7, 2022

We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. Cargo capacity exacerbated inventory shortages in the first half of 2023.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

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. Growing product businesses should manage their stock using reliable inventory management software. How you can use the reorder point in your business. Keep great suppliers.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

ShipBob

AUGUST 25, 2021

First-mile delivery refers to the process of transporting finished goods from a manufacturer or supplier’s facility to an online retailer’s warehouse or multiple distribution centers — the last destination before products are delivered to the end user. What is first-mile delivery?

Supply Chain Design Software 52

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

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. Returns management vs. reverse logistics Returns management refers to managing the entire returns process.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

Intelligent Audit

OCTOBER 27, 2022

What does that mean for a shipper dealing with hundreds or thousands of freight invoices monthly? . Shippers can get a handle on their expenses by tracking freight invoices and improving their logistics strategy. . Big data” refers to volumes of data that are too large or come in too quickly to process using traditional methods.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

Veridian Solutions

NOVEMBER 12, 2018

According to Ben Ames of DC Velocity , dark warehouses refer to the full automation of material handling equipment, warehouse execution systems , and automatic identification of inventory and shipments. The word ‘dark’ refers to the lack of human input in the facility. Download WhitePaper. High-speed sorting equipment.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Software Warehousing Demand Planning Software 45

GlobalTranz

APRIL 8, 2015

The transportation management system, or often referred to as TMS, is a great example of how this technology is being used to create a more interconnected space both digitally and physically. This type of highly visible environment also allows data so that performance metrics can operate in a more efficient and powerful way.

Supply Chain Network Software 120

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Modeling Software 120

Supply Chain Shaman

MAY 13, 2015

I knew nothing about the world of logistics, inventory management and order optimization. This is difficult for the average company since only one in two supply chains have source, make and deliver reporting through the same organization (reference Figure 1). In this evolution, cash, information, and inventory flows grow in importance.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Agile and Lean Supply Chain 150

Unleashed

MARCH 23, 2021

When we refer to direct materials, we mean tangible materials that are consumed during the production process and are reflected in the final product. Storage and inventory management. Inventory management is about a lot more than just keeping a tidy warehouse. Improve inventory turnover. A high inventory turnover (i.e.

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

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. That’s why you need to closely measure metrics such as gross margin return on investment (GMROI).

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

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. But first, let’s look at the background of OTIF metrics and why they came to be. OTIF metrics are not universal. OTIF Meaning and Background. OTIF means on-time and in-full.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

GlobalTranz

JULY 14, 2017

Knowing the proper metrics and data points to track promotes cost-effective shipping practices and can improve vendor, carrier and consumer relationships, reports Merrill Douglas of Inbound Logistics. The best-laid plans and metrics to track LTL shipping are only effective when a high on-time performance score exists. Freight Damage.

Data 151

Data Negotiating Skills Vendor Strategies Resource Reduction 151

IQMS

OCTOBER 18, 2019

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. References. no opt-in). Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp., no opt-in). Bendoly, E.

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

Logistics Bureau

NOVEMBER 16, 2020

Certified in Production and Inventory Management (CPIM) : The course covers ground such as knowledge of production and inventory management, internal operations, and customer relations. They also need to keep a check on inventory levels and identify obsolete stock. Manage inventory levels. Finance managers. Logistician.

Supply Chain Planning Software 96

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

GlobalTranz

JUNE 8, 2021

There are tiers for rates, mode, and freight class, but there’s another layer of logistics. By definition, it refers to the handling of care used when moving products in which the movers or shippers literally wear white gloves to protect the product. Use metrics to track performance. In logistics, not all shipments are equal.

Transportation Management 197

Transportation Management Logistics Network Optimization Software Transportation Reverse Logistics 197

Unleashed

APRIL 15, 2020

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation?

Inventory Reduction 89

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 89

Unleashed

APRIL 3, 2020

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation?

Inventory Reduction 52

Inventory Reduction Inventory Purchasing Skills Cost Reduction Strategies 52

Logistics Bureau

AUGUST 10, 2017

On the other hand, quality might refer to delivery execution and whether your customers’ goods are dropped at the curbside, delivered to the door, or if extra services are included (such as installation of white goods or setting up of TVs and similar electronics). Read More: Less Frustrating Way to Negotiate Freight Contracts.

Supply Chain Planning Software 44

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

Unleashed

JANUARY 16, 2024

Landed cost is a crucial metric for understanding profitability at the product level. It includes any raw materials, freight, customs duties, insurance, warehousing, and related fees and overheads. It may or may not account for production costs too, depending on your business and the inventory accounting methods you employ.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Intelligent Audit

NOVEMBER 10, 2021

Strong RFP supply chain management practices and carrier network optimization services will allow for continued growth and success in the modern supply chain and freight shipping network.It’s important to understand the full scope of optimization, including what it is and how your team can improve it. What Is Carrier Contract Optimization?

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Network Software 52

ShipBob

SEPTEMBER 3, 2021

Digital supply chain transformation refers to the overhaul of a traditional supply chain management process into one that is technology-enabled. For instance, by implementing real-time inventory management system, changes in inventory levels are automatically updated. Implement an inventory management system.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Inventory Management Software 97

Unleashed

JANUARY 16, 2023

These third-party fulfilment companies are commonly referred to as 3PL partners, 3PL providers, or just ‘3PLs’. 3PL providers are often equipped with the latest and greatest when it comes to inventory tools and software. The 3PL provider updates the new stock levels in their inventory management system.

Third Party Logistics 98

Third Party Logistics Logistics Network Optimization Software 3PL Inventory Management Software 98

Zipline Logistics

JUNE 30, 2020

Accessibility — The ability of a carrier to provide service for a freight order. Accessorial Charges — Fees added to a freight bill for additional services that the carrier might provide. Air Freight — Transportation of products via air transportation methods. ATA — Actual time of arrival. ATD — Actual time of departure.

Supply Chain Planning Software 52

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

Unleashed

DECEMBER 6, 2021

With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.

Inventory Management Software 98

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

Intelligent Audit

NOVEMBER 5, 2021

Industry respondents said they don’t see an end to current freight conditions, and 2022 TL rates are expected to be up approximately 5.25% compared to this year.” Within the United States, freight transportation price increases get reported 30 days prior to going into effect. Track Cross-Industry Metrics.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. ” – Emma Sturgis, 10 Great Warehouse Optimization Tips for Small Businesses , Fishbowl Inventory 4. “Warehouse optimization starts with an efficient layout.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

ShipBob

MARCH 3, 2022

Cost per unit, also referred to as “cost of goods sold,’ refers to both the variable costs and fixed costs associated with producing and delivering a single unit to the end user. Cost per unit offers insight into how much it costs to produce a single item, receive new inventory, store it, and fulfill and ship it.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52