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

GlobalTranz

SEPTEMBER 13, 2018

The path to perfect implementation of a new e-commerce shipping strategy is not always clear, and it comes with several challenges that can undermine the efficacy and cost-effectiveness of e-commerce. Troublesome returns management. Channel-specific processes. Delays in order fulfillment and delivery. Increased risk.

Price Reduction 181

Price Reduction Cost Reduction Strategies Resource Reduction Inventory Reduction 181

GlobalTranz

SEPTEMBER 11, 2017

It is easy to make analytics the cornerstone of warehouse and distribution center management. While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes.

Supply Chain Optimization 383

Supply Chain Optimization Analytics Software Optimization Software Inventory Reduction 383

GlobalTranz

NOVEMBER 23, 2015

This is our 9th post in our strategic transportation management and logistics series. When selecting a transportation mangement 3PL to aid you in a robust and effective transportation management strategy , defining the rules of engagement is critical to success. Do you even first understand your own needs?

Inventory Reduction 120

Inventory Reduction Transportation Management 3PL Price Mitigation Strategies 120

GlobalTranz

NOVEMBER 8, 2019

Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Supply chain leaders should follow these key strategies for.read More.

Inventory Management Software 223

Inventory Management Software Inventory Reduction Inventory Management Inventory 223

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

GlobalTranz

FEBRUARY 16, 2016

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit. You will reduce overhead costs.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

RFgen

FEBRUARY 15, 2023

Strategy is a critical aspect of supply chain management. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected. Creating a new supply chain strategy can be complicated, if not daunting.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Waste Reduction 52

ThroughPut

SEPTEMBER 14, 2022

Making The Case for an AI-Driven Transportation Management Software . With increasing competition in a connected digital world, it becomes even more critical to maximize productivity by reducing uncertainties of any and all kinds. AI-powered Transportation Management Software – Defining the areas of impact .

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Forecasting Software Predictive Analytics Software 52

SCMDOJO

APRIL 29, 2024

From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. Effective supply chain management is crucial for businesses to gain a competitive edge in today’s global marketplace.

Supply Chain Planning Software 85

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 85

GlobalTranz

APRIL 21, 2017

Unless your organization has been absent from the takeover of TMS in the conversations of online and print media, you have likely encountered plenty of reasons why a transportation management system (TMS) benefits shippers. Obviously, it saves money and reduces overhead, but where? This is where a TMS comes into play.

Transportation Management 161

Transportation Management Supply Chain Planning Software Analytics Software Vendor Strategies 161

GlobalTranz

SEPTEMBER 24, 2018

In the age of e-commerce, maintaining the status quo will result in failure, disgruntled customers and added expenses, but shippers that leverage 3PL resources to apply transportation management best practices for e-commerce , as listed below, can navigate the issues that arise in e-commerce and achieve sustained profitability.

Transportation Management 210

Transportation Management 3PL Logistics Network Optimization Software Supply Chain Network Software 210

Turvo

AUGUST 26, 2021

Understanding the capabilities of a transportation management system, or TMS, and its impact on the modern supply chain network requires a good understanding of these systems and what they entail. Reduced levels of customer service and satisfaction across the board.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Network Software Optimization Software Analytics Software 94

GlobalTranz

JULY 19, 2019

Using technology in the warehouse is one of the most effective ways to improve inventory management and reduce returns. Since returns represent a significant cost to companies, it is imperative for retailers to take steps to improve inventory management and manage returns.

Inventory Management Software 217

Inventory Management Software Inventory Management Inventory Reduction Inventory 217

GlobalTranz

MARCH 17, 2022

The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. GlobalTranz works with manufacturing shippers every day to move their goods and streamline their logistics strategies. 5 Challenges Facing Supply Chain Managers in Manufacturing.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Inventory Reduction 247

Logistics Viewpoints

JANUARY 21, 2021

Machine learning (ML) techniques can be applied to provide more accurate transit information and estimated arrival times (ETAs) by analyzing the historical shipment data in your transportation management systems. Increased lead time accuracy reduces risks involved in transportation and logistics, improving your overall supply chain.

Predictive Analytics Software 348

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 348

BlueYonder

MAY 30, 2024

To stay competitive, automotive companies must adopt this approach, continuously delivering cutting-edge features and functionalities. This results in longer lead times, reduced fulfillment levels, and declines in quality standards and customer satisfaction.

Conference 90

Conference Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction Strategies 90

GlobalTranz

JULY 24, 2017

Rather than looking at it with only two options, shippers need a third solution; they need to take advantage of an LTL transportation management system (TMS), focusing on how leveraging today’s systems, like the Cerasis Rater , can maintain profitability and drive expenses down. Think about the benefits you want from your TMS.

Transportation Management 139

Transportation Management Optimization Software Analytics Software Supply Chain Design Software 139

Talking Logistics

JUNE 4, 2018

Here is how these companies are using transportation optimization, inventory optimization and demand modeling as part of their supply chain design strategy to tackle the price factor head-on. Use Transportation Optimization to Get a Handle on Transportation Costs. So why are transportation costs increasing?

Inventory Reduction 102

Inventory Reduction Price Reduction Waste Reduction Cost Reduction Strategies 102

GlobalTranz

SEPTEMBER 14, 2018

As 2018 progresses, Warehouse Managers need to understand the risk of not going omnichannel, why demand is increasing, and a few tips to meet such demands. How to Prepare for Increasing Supply Chain Demands Throughout 2018 Warehouse Managers must embrace omnichannel supply chains and their associated technologies.

Price Reduction 120

Price Reduction Cost Reduction Strategies Inventory Reduction Omnichannel 120

GlobalTranz

DECEMBER 5, 2018

For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

Price Reduction 168

Price Reduction Resource Reduction Cost Reduction Strategies Inventory Reduction 168

GlobalTranz

NOVEMBER 3, 2015

We first did an overview of the 10 areas of strategy a shipper must know in order to stay competitive. Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. The essence of strategy is choosing what not to do. ” ― Michael E. Automated Data Collection.

Inventory Reduction 120

Inventory Reduction Vendor Strategies Cost Reduction Strategies Waste Reduction 120

GlobalTranz

APRIL 14, 2017

Transportation management systems ( TMSs ) are not a new concept, but where they are hosted now, in the cloud, is still new to the shipping industry. New features can be deployed automatically, eliminating traditional constraints on internal IT departments and remote customer service centers. Less Time Spent on Data Back-Ups.

Analytics Software 122

Analytics Software Forecasting Software Predictive Analytics Software Vendor Strategies 122

BlueYonder

APRIL 21, 2022

They need to ensure product availability for shoppers walking in the store, those using click and collect, and those choosing home delivery — all of which require inventory accuracy. And last, they need to provide more experiences while finding ways to reduce the cost-to-serve. Omni-Channel Inventory Management.

Inventory Reduction 56

Inventory Reduction Resource Reduction Cost Reduction Strategies Price Reduction 56

20Cube Logistics

APRIL 22, 2022

3PL services can help you save logistic cost and reduce the supply chain complexity. With the increase in the number of options available for a product in the market, the amount of inventory is increasing day by day. The transportation and logistics is becoming more and more expensive. Efficient transport management.

Cost Reduction Strategies 75

Cost Reduction Strategies Expense Reduction Inventory Reduction Vendor Strategies 75

GlobalTranz

OCTOBER 6, 2021

OTR freight represents a long-standing aspect of supply chain operations and transportation management. M odern transportation networks and supply chains continuously adapt to market volatility and transitions. Reducing Reliance on Outdated Systems and Technology . Remote Tendering and Shipment Execution .

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

GlobalTranz

OCTOBER 25, 2019

Dropshipping is one of the newest e-commerce shipping strategies and the application of dropshipping in omnichannel presents numerous opportunities for today’s shippers. Dropshipping effectively eliminates the burden of maintaining inventory and opens the door to less risk within an organization.

Omnichannel 169

Omnichannel Inventory Reduction Supply Chain Strategy Transportation Management 169

Logistics Viewpoints

JUNE 4, 2020

The post Editor’s Choice: Retailers: Is Your Transportation Strategy Ready for Peak Season? Retailers can no longer rely on their usual playbooks, with planning cycles completely upended. For example, there is […]. appeared first on Logistics Viewpoints.

Inventory Reduction 129

Inventory Reduction Supply Chain Strategy Retail Price Mitigation Strategies 129

Turvo

JULY 30, 2021

Transportation management systems (TMS) have transformed from a desirable perk to a critical necessity for continued growth and success within the supply chain management networks. The Top Functions of a Transportation Management System in Logistics Include Route Optimization.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 98

GlobalTranz

JANUARY 26, 2018

No one wants to think about lost warehouse inventory, and it can be organizationally frustrating to determine the best process to find, research, and rectify inventory discrepancies. Warehouse managers, on the other hand, have their own job to do: fulfill orders cost-effectively. Automate Inventory Control to Reduce Errors.

Inventory Reduction 200

Inventory Reduction Price Reduction Warehousing Inventory 200

Talking Logistics

APRIL 27, 2015

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it.

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Logistics Viewpoints

MAY 10, 2021

Following their fourth quarter results, top executives talked about their supply chain and omnichannel strategy at a high level. This new infrastructure will allow the retailer to expand ecommerce assortment while reducing both shipping time and cost. I’m glad we had our leadership and strategy in place,” Mr. Guffina said.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Software Supply Chain Transformation Inventory Reduction 237

GlobalTranz

MAY 4, 2018

The wrong retail inventory management strategy increases carrying costs and makes it impossible to stay competitive. The Problem: Omnichannel Retail Carries an Extreme Level of Interdependence Between Systems and Processes As explained by Entrepreneurer.com , the fastest-moving products account for only 20% of inventory.

Inventory Management Software 163

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Design Software 163

GlobalTranz

SEPTEMBER 1, 2017

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. However, figuring out the best way to achieve this feat can be confusing, so warehouse managers should follow these steps. Implement Continuous Review Systems for Reordering.

Inventory Reduction 224

Inventory Reduction Warehousing Inventory Vendor Strategies 224

Logistics Viewpoints

DECEMBER 7, 2021

Workforce shortages and other challenges abound throughout all transportation sectors, and while this may revitalize investments in localized manufacturing, expanded warehousing to hold more inventory, and other efforts, these changes do not solve today’s issues. Carrier capacity management strategies ease the crunch.

Capacity 195

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 195

GlobalTranz

JANUARY 6, 2016

We release our second e-book today by focusing on strategic logistics and transportation management creates a competitive business advantage for shippers. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost.

Transportation Management 120

Transportation Management Logistics Network Optimization Software Resource Reduction Cost Reduction Strategies 120

GlobalTranz

MAY 25, 2018

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity.

Inventory Management Software 125

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 125