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

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

Supply Chain Game Changer

AUGUST 21, 2022

A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here! Email Address.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

Unleashed

DECEMBER 15, 2019

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. International Sourcing.

Manufacturing Procurement 83

Manufacturing Procurement Sourcing Strategies Purchasing Skills Optimal Sourcing 83

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

Logistics Viewpoints

SEPTEMBER 16, 2021

Disruption has been the name of the game for more than a year as supply chain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supply chain volatility.

Supply Chain Risk Management 216

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 216

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

GlobalTranz

DECEMBER 5, 2018

For freight, managing black swan events, like risk mitigation , means finding problems that are on the verge of causing disruption and taking advantage of resources to minimize their impact. For shippers, this means finding a way to handle changes in inventory and replenishment, as well as managing outbound freight and reverse logistics.

Price Reduction 168

Price Reduction Resource Reduction Cost Reduction Strategies Inventory Reduction 168

Talking Logistics

AUGUST 13, 2018

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . So, what can you do outside that cycle?”. Data-driven Optimization.

Negotiating Skills 103

Negotiating Skills Optimal Sourcing Optimization Software Price Mitigation Strategies 103

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

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

With regard to IoT, DB Schenker is equipping classic logistics infrastructure like freight containers, trucks, or department stores with sensor technology to systematically record all data points of a logistics shipment. One solution to this problem is centralized distribution and real-time inventory management. Supply Chain 4.0

Supply Chain Disruption 246

Supply Chain Disruption Optimal Sourcing Supply Chain Software Agile and Lean Supply Chain 246

Logistics Viewpoints

AUGUST 14, 2023

Nevertheless, the argument that trade compliance is complementary to a company’s overall tax strategy certainly makes sense to many companies. Companies who have experienced these delays often add inventory across their network to buffer the risk. In many companies, the legal department also rolls up to finance.

Global 176

Global Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 176

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. Download the White Paper: Over the Road Freight Management Trends. Carrier Vetting for OTR Freight.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Supply Chain Matters

MAY 22, 2023

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. The LMI has now declined 6.7

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60

Freightos

NOVEMBER 11, 2021

Maersk has unabashedly championed vertical integration for years, advocating an “end-to-end” strategy. Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. Source ). No end to end-to-end. Accelerating the shift. Enter Big Tech.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

ThroughPut

FEBRUARY 1, 2023

companies with global operations, one of the most effective global value chain strategies and supply chain strategies is to mitigate risk by shipping smarter. This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory and warehouse management practices.

Material Savings 52

Material Savings Price Reduction Expense Reduction Sourcing Strategies 52

Supply Chain Matters

OCTOBER 12, 2022

This is a significant milestone for ongoing planning and execution strategies. Indicated in the report summary was: “ The sustained growth in the logistics industry continues to be fueled by high levels of inventory and the associated levels of cost and utilization associated with holding them. GSPI Index Continue to Moderate.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

ModusLink Corporation

SEPTEMBER 1, 2023

Supply Chain Management In the ever-evolving world of freight and logistics, volatility has become the new normal. Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. But what does that mean for future strategies in procurement ?

Optimal Sourcing 78

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Manufacturing Procurement 78

Resilinc

NOVEMBER 2, 2021

In the race to fill distribution centers and store shelves with inventory for the holidays, some of the world’s largest retailers and ecommerce sellers are jumping ahead of smaller competitors by chartering ships, shifting freight to air, re-rerouting inland shipments, and hiring more staff for distribution centers and other supply chain nodes.

Inventory Reduction 62

Inventory Reduction Retail Cost Reduction Strategies Resource Reduction 62

Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. With the right data you can reduce your overall transportation costs, both accessorial costs and overall freight spend. Closer to home for supply chain professionals, driver shortages continue to plague the industry.

Waste Reduction 197

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

Logistics Viewpoints

DECEMBER 5, 2022

But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. There was no air freight possible then into Europe,” added Gerald van den Eijnden. Molex Realizes it Needs Better Visibility.

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

ivalua

FEBRUARY 8, 2023

Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. This way, if one supplier is impacted by a disruption, you can source goods from another supplier. Perhaps 30 days of inventory isn’t enough in times of crisis, and terms should be updated.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

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-time procurement?

Just-in-Time 98

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

3rdwave

NOVEMBER 29, 2018

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products.

Optimal Sourcing 88

Optimal Sourcing Global Transportation Negotiating Skills Supply Chain Optimization 88

The Logistics & Supply Chain Management Society

MARCH 16, 2021

Better demand sensing, shifts in customer behaviours, predictive/prescriptive case studies, shift in inventory stocking strategy and customer service. Visibility into Tier I, II and III suppliers, de-risk by developing alternates, build practical BCPs (business continuity plans) and China + 1 sourcing strategy.

Pharmaceutical 246

Pharmaceutical Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 246

Intelligent Audit

FEBRUARY 3, 2022

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. Shippers can ensure they are getting the best possible rates from their carriers by working with a freight audit consultant. What Freight Auditing Is and Why It’s Important.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

JULY 30, 2019

In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. What is Freight Management? Freight management combines logistics experience, human resources and knowledge to ensure a smooth coordination between carriers and shippers.”

Negotiating Skills 72

Negotiating Skills Optimal Sourcing Freight Logistics Network Optimization Software 72

ToolsGroup

AUGUST 1, 2022

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. As a retailer, you must plan a customer-centric returns strategy in order to build client trust and prevent negative reviews on social media, websites, and other channels where customers interact. According to the U.S.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

QAD

AUGUST 16, 2022

Continued fallout, including transport congestion, limited air freight and rail freight transportation in the Asia-Europe lanes, because of the Russia/Ukraine conflict. In a recent article from Procurious , the authors suggest: “A modern spend management strategy requires visibility into your suppliers’ practices as much as your own.

Optimal Sourcing 94

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 94

Silvon Software

JULY 22, 2022

For one thing, today’s operational processes have become more complicated due to the ever-growing number of sources, platforms and touchpoints that must now be analyzed in order to drive actionable insights from them. Inventory KPIs and Metrics for Managing Supply Chain Performance. Inventory Days of Supply. Turn-Earn Index.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story. The Evolved Vendor Managed Inventory Model.

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

ivalua

JUNE 1, 2022

As we continue to adjust to new business cycles, 2022 offers an opportunity to learn how to incorporate lessons learned from 2020 to establish a new supply chain and customer experience strategy. Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay.

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Manufacturing Procurement 130

SCMDOJO

APRIL 15, 2024

Amazon’s Mission Its unwavering commitment to customer satisfaction is at the heart of Amazon’s logistics strategy. Amazon’s Virtuous Circle One of the key elements of Amazon’s logistics strategy is what they refer to as the “virtuous circle.”

Logistics Network Optimization Software 82

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 82

CH Robinson Transportfolio

MAY 17, 2021

webinar, we provided an in-depth analysis of current supply and demand trends in the North American freight market. The strong economic recovery and need to rebuild retail inventory creates high out-of-season demand in port cities. Once sales rebalance, will inventory follow? During last week’s Market Insights Live!

Freight 44

Freight Forecasting Los Angeles Supply and Demand 44

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. Overall there are key overriding factors to be considered in defining and optimizing any end-to-end Supply Chain strategy from an environmental perspective: Reduce waste and improve efficiencies.

Waste Reduction 59

Waste Reduction Material Savings Resource Reduction Cost Reduction Strategies 59

QAD

FEBRUARY 7, 2023

Create and Maintain a Strategy The person in charge of supplier relationship management must determine a strategy for each supplier so that the relationship remains efficient. Those in charge of SRM must establish a strategy that generates a beneficial relationship for both parties.

Price Reduction 98

Price Reduction Material Savings Vendor Strategies Inventory Reduction 98