Remove Freight Remove Inventory Remove Purchasing Training Remove Shipping
article thumbnail

This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. And now on to this week’s logistics news. general merchandise stores expanded 1.2

article thumbnail

23 Reasons the Ideal TMS is best for LTL Freight Shipping

GlobalTranz

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. Reduced Training Costs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The State of the Trucking Market in 2021

GlobalTranz

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.?

article thumbnail

How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Adequate cross training is not occurring fast enough to fill the gap. labor, materials and warehousing, to IT, freight and safety. Forced to implement protective measures through the pandemic, some companies increased overhead by stock piling inventory which negatively affects both cash flow and profits. Managing Inventory.

article thumbnail

Revolutionizing Supply Chain Planning: The Power of Generative AI

Logility

It is trained on a large dataset of existing content, and it learns to generate new content that is similar to the content it was trained on. This leads to optimized inventory levels, reduced stockouts, and enhanced customer satisfaction. Generative AI is a Large Language Model (LLM), a type of AI that can create new content.

article thumbnail

The Green Corridor: Full Circle – The Promise and Struggles of the Circular Economy and Green Supply Chains

The Logistics & Supply Chain Management Society

Where customers receive products is not usually negotiable. Timing when stores need replenishment or when factory production will increase its demand, will likewise have better forecasting software to lower the overall waste in our inventory and retail systems. Green Supply Chains – The Right Place at The Right Time.

article thumbnail

What is the Best Way To Grow Your E-Commerce Business: 3PL vs. Self-Fulfillment?

BR Williams Supply Chain Management

These business changes create stress and demand logistics responsibilities like inventory management, shipping, returns, exchanges, and freight carrier coordination. They can negotiate more affordable rates with significant carriers than your business can due to the larger parcel volumes they manage. Inventory Management.

3PL 105