Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Why not start with a free online call with one of our IM specialists?

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Other critical functions include order management, manufacturing, and product development.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 246

Unleashed

OCTOBER 6, 2021

That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that VMI creates efficiencies in the supply chain as it ensures data from sales is a key part of the inventory management system.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Unleashed

AUGUST 29, 2023

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Supply Chain Design Software 52

TrackVia

MAY 25, 2023

Many companies are realizing the critical role that effective inventory management plays in streamlining warehouse operations and maintaining an edge over competitors. Implementing low-code allows for tracking various aspects of inventory management, from stock quantities and locations to order progress and shipments.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Design Software 52

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

ShipBob

OCTOBER 4, 2023

It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

ThroughPut

OCTOBER 16, 2022

As stock shortages cause stumbling blocks due to inefficient inventory management, even excess inventory due to improper stock tracking can leave the business cash-strapped. As these problems multiply, inventory imbalances also lead to bottom-line losses due to expired or redundant stock. TRADITIONAL INVENTORY MANAGEMENT.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

The Logistics of Logistics

OCTOBER 30, 2023

LeanDNA is a cloud-based supply chain execution platform that helps discrete manufacturers digitally transform their procurement operations. The company centralizes data from multiple sources to manage inventory, simplify change management, and improve data quality. The Greenscreens.ai

Optimal Sourcing 241

Optimal Sourcing Inventory Reduction Supply Chain Design Software Manufacturing Procurement 241

Vinculum

APRIL 27, 2021

Inventory management is without doubt one of the most challenging aspects when it comes to retail and eCommerce. The sheer intensity of keeping up with the stocks and noting inventory across channels and. Let’s start with the basic question: What is Inventory Management?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

3PL Insights

FEBRUARY 14, 2023

Retail logistics is responsible for delivering products to customers both in physical stores and online. The complexity of retail logistics has increased with the growth of e-commerce, requiring retailers to be more strategic and efficient in their operations.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Inventory Management Software Supply Chain Software Retail 92

Procurement Academy

OCTOBER 19, 2023

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This means that skills enhancement across wider roles is required for procurement professionals, with a focus on role-specific learning. For instance – improved communication skills or legal contract knowledge.

Buyer Training 52

Buyer Training Purchasing Training Negotiating Skills Optimal Sourcing 52

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Logistics Viewpoints

JUNE 29, 2023

Criticality of PO Collaboration for Direct Spend Management PO collaboration plays a pivotal role in managing direct spend efficiently. PO Collaboration is essential in coordinating with suppliers to ensure timely delivery of customized components and managing production schedules to meet customer requirements.

Manufacturing Procurement 185

Manufacturing Procurement Procurement Analytics Material Savings Inventory Reduction 185

The Logistics of Logistics

AUGUST 11, 2021

Logistics and Supply Chain – 1940 to 2040 with Jason Miller. Jason Miller and Joe Lynch discuss logistics and supply chain, 1940 – 2040. Jason Miller (PhD The Ohio State University) is a tenured Associate Professor of Logistics and the John D. Key Takeaways: Logistics and Supply Chain – 1940 to 2040.

Supply Chain Software 130

Supply Chain Software Logistics Network Optimization Software Michigan Manufacturing Procurement 130

SCMDOJO

JULY 24, 2023

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

Logistics Network Optimization Software 90

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

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Investments in logistics and supply chains would potentially support wider product ranges, foster time savings and attract larger numbers of customers. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Stay Agile, Get Ahead.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

SCMDOJO

MARCH 19, 2024

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? Logistics Logistics involves managing the transportation and delivery of goods.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

SCMDOJO

JANUARY 31, 2024

This demand, coupled with the complexity of supply chain management, has resulted in a wide range of salaries across different job levels. Let’s explore the salary ranges region-wise: United States of America: In the United States of America, the average salary of supply chain management is $92,441 per year or $44.44 per hour. .

Supply Chain Design Software 71

Supply Chain Design Software Purchasing Skills Buyer Training Supply Chain Design 71

The Logistics of Logistics

MAY 26, 2023

In 2020 she was featured as a Business Insider Top 100 People Transforming Business, recognized as a Top 10 Women in Logistics by Global Trade Magazine, and won the SDCE Women Leaders in Supply Chain award. Hannah was named an SDCE 2023 Supply Chain Pro to Know and 2021 WE USA Top WBE CEO.

Supply Chain Design Software 205

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 205

GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Stord

DECEMBER 4, 2023

ATLANTA, GA, December 4, 2023 – Stord , a leader in omnichannel fulfillment services and technology for mid-market and enterprise brands, announced today that it has been named a Top Tech Startup for 2023 by Food Logistics and Supply & Demand Chain Executive. The future of the supply chain industry is now.

Demand Planning Software 60

Demand Planning Software Logistics Network Optimization Software Inventory Management Software Food 60

Aera Technology

OCTOBER 30, 2018

by Kaushal Dave, Vice President of Cognitive (AI) Solutions, Aera Technology The problems that pervade inventory management are well known: Excess inventory languished in warehouses, tying up millions of dollars in working capital. planning, procurement, production, distribution and fulfillment. It’s a losing battle.

Inventory Management Software 64

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory Reduction 64

Logistics Viewpoints

OCTOBER 12, 2023

The following will delve into some of the intricate farm-to-table challenges that supply chains face across sourcing, demand planning, procurement and inventory management, transportation, and warehousing. There must be an end-to-end functional agreement of the design, its impacts, and benefits. To read the article, click HERE.

Supply Chain Design Software 228

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Planning 228

Supply Chain Game Changer

FEBRUARY 11, 2021

But few people really understand what it is, how it works and more importantly, why it is so important to Procurement. This paper seeks to answer those questions and specifically address its benefits to the Procurement process by addressing the following checklist: Checklist. What is Artificial Intelligence or AI?

Procurement 93

Procurement Modeling Software Analytics Software Supply Chain Network Software 93

GlobalTranz

MARCH 6, 2017

Logistics professionals require exemplary international online logistics tools to help them carry out their daily businesses with ease and deliver the best for their customers. Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions.

Logistics Network Optimization Software 151

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 151

Supply Chain Opz

MAY 1, 2018

Are you a beginner and you want to learn about each logistics function? We will show you 5 logistics books that will help you learn faster than any other books. Why is Logistics a Good Career? In the United States, the median wages for a Logistics Manager is around $90,000 annually.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Logistics Material Savings 100

ThroughPut

JUNE 4, 2020

It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Lack of automation.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization is also considered as the next level of inventory management for warehouse and supply chain managers. Lack of automation.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

Supply Chain Matters

AUGUST 22, 2022

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .

Inventory Management Software 52

Inventory Management Software Agile and Lean Supply Chain Inventory Management Inventory Reduction 52

The Logistics of Logistics

NOVEMBER 8, 2021

Matt shifted to logistics sales and became a very successful agent for BlueGrace. Many companies, especially manufacturers, utilize a just-in-time (JIT) approach to inventory management. With the delays caused by the pandemic and the port congestion, some JIT practitioners are adding more inventory just-in-case.

Warehousing 229

Warehousing Supply Chain Design Software Logistics Network Optimization Software Inventory Management Software 229

BlueYonder

JUNE 16, 2022

As many countries around the world enforce economic sanctions against Russia, global logistics networks are struggling to isolate Russian products while still ensuring inventory availability. The post Where’s My Inventory? Managing Disruption Across Multiple Supplier Tiers appeared first on Supply Chain Nation.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Optimal Sourcing 52

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

ModusLink Corporation

APRIL 22, 2024

End-to-end management of component procurement, inventory management, and JIT delivery. Dynamic inventory optimization to minimize lead times and reduce costs. Cost Efficiency and Value Optimization: Economies of scale realized through global procurement and resource pooling.

Electronics 78

Electronics 3PL Optimal Sourcing Waste Reduction 78

Locus

JUNE 2, 2023

In the vast, interconnected world of supply chain management, two terms often come into focus—inbound and outbound logistics. Inbound and outbound logistics are two fundamental components of the overall supply chain management process. Here’s an explanation of both: What is inbound logistics?

Optimal Sourcing 52

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

Precoro

JULY 16, 2023

Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost. We have selected 5 fundamental KPIs that purchasing managers should consider.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98