Clear Spider

OCTOBER 26, 2022

For many of these successful companies, a Vendor Managed Inventory (VMI) system is the secret to their enviable growth. If you want to drive sustainable growth for your business, you have to achieve the right balance of cost reduction and fulfillment flexibility. Why Vendor Managed Inventory? The Problem with Sales Data.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

Locus

MAY 20, 2024

This fulfillment method cuts down delivery costs of serving customers especially in dense cities. OTIF – On-Time In-Full On-Time In-Full (OTIF) is a key logistics metric that evaluates whether shipments are delivered completely and on schedule. Impact of Mega Distribution Centers in Logistics 8.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies Retail 52

GlobalTranz

APRIL 25, 2016

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Review Inventory turns and Return on Assets.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

ModusLink Corporation

OCTOBER 16, 2023

To address these challenges, many organizations are turning to Third-Party Logistics (3PL) providers. They handle everything from warehousing and transportation to order fulfillment and inventory management, all while optimizing routes, transportation modes, and storage solutions.

3PL 78

3PL Supply Chain Planning Software Negotiating Skills Modeling 78

BlueYonder

APRIL 9, 2024

This initiative is central to enhancing the management and efficiency of its logistics operations throughout Europe. The success of Carlsberg’s overall sustainability strategy will largely be driven by optimizing this transportation process. The former deadline isn’t far away.

Optimal Sourcing 101

Optimal Sourcing Sustainability Material Savings Waste Reduction 101

Supply Chain Movement

MARCH 6, 2013

The success of the third-party logistics industry is evident in the generally high marks given to 3PLs by respondents to a survey as part of the 2013 17th Annual Third Party Logistics Study, which identifies trends and explores how both 3PLs and shippers are using these relationships to improve and enhance their businesses and supply chains.

Third Party Logistics 60

Third Party Logistics Logistics Network Optimization Software Cost Reduction Strategies Inventory Reduction 60

ThroughPut

MAY 3, 2024

This saw multiple organizations adopting outsourcing for some or all of their supply chain management activities, which gave rise to the rapid development of third-party logistics companies for efficient delivery and tracking of goods. Business Use Cases of the Best Logistics Management Software 1.

Procurement Solutions 52

Procurement Solutions Logistics Network Optimization Software Supply Chain Planning Software Prescriptive Analytics Software 52

GlobalTranz

MAY 18, 2018

Omni-channel sales strategies have become essential to companies trying to keep up with Amazon and major retailers. In addition, some may feel that growing into a seamless omnichannel sales strategy is impossible without supply chain technology hiccups, but that is not true. Essentially, this lends itself to intelligent fulfillment.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Software Omnichannel Analytics Software 138

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

Arena Solutions

APRIL 4, 2023

The engineering/manufacturing sector has a captivating attraction as a lucrative field for starting a career, thanks to technological developments and the exciting possibilities of working in industries like medical devices, electric vehicles (EV), aerospace and defense, consumer electronics, and biotechnology on cutting-edge products.

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

Unleashed

APRIL 21, 2024

This guide breaks down the order processing steps and definition, and then explores a few helpful strategies for improving it. The first step in a standard order processing system is the verification of a customer order which often includes a check to confirm there is sufficient inventory available to fulfil the order.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

GlobalTranz

APRIL 5, 2017

With the added pressure to lower costs to end-users, your customers, it’s no surprise that the need for increased scrutiny and cost reductions among inbound logistics partners, your vendors, has gone rogue. This is where an effective inbound logistics guide becomes important. The information only gets grimmer from here.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

GlobalTranz

JANUARY 4, 2017

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

SCMDOJO

JULY 24, 2023

[Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics? Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company.

Logistics Network Optimization Software 91

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 91

Taulia

OCTOBER 20, 2021

While every company will have different priorities, a number of metrics can be used to measure supply chain efficiency. Commonly used metrics include the following: Inventory turnover – the number of times a company’s inventory cycles on an annual basis. Calculated as cost of goods sold/average inventory.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

GlobalTranz

JULY 20, 2015

Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. Importance of Metrics in Reverse Logistics Management. Importance of Metrics in Reverse Logistics Management. Increased velocity.

Reverse Logistics 120

Reverse Logistics Supply Chain Planning Software Supply Chain Network Software Optimization Software 120

Supply Chain Insights

SEPTEMBER 2, 2014

Today, 90% of publicly-traded companies are stuck at the intersection of operating margin and inventory turns. While most companies have been able to make progress in one of these two critical metrics in the period of 2006-2013, they have not been able to make progress on both together. Can sharing redefine go-to-market strategies?

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Design 253

ShipBob

JULY 2, 2021

By using a combination of technologies like AI, machine learning, and predictive analytics, online brands can manage complex supply chains by automating warehouse operations, improving delivery times, easily managing inventory, optimizing third-party communication, and creating new customer experiences that increase satisfaction and boost sales.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 98

Supply Chain Shaman

MARCH 19, 2014

It permeates corporate strategy, but it lacks definition. Instead, what I observed when I looked at the data, was that most companies that I had worked with (in my role as an industry analyst, I had worked with over 300) were going backwards on margin and inventory turns. I find it refreshing.” “Ugh,” I said.

Gartner 323

Gartner Supply Chain Planning Software Supply Chain Strategy Supply Chain Software 323

Stord

MAY 15, 2024

Although not often talked about outside logistics circles, dwell time, and actually your Past Dwell Time Frequency is a critical metric that can significantly impact your performance – and how it's perceived. Greater accountability for both the company and the carriers , reducing blame shifting and improving problem resolution times.

Logistics Network Optimization Software 78

Logistics Network Optimization Software Sourcing Strategies Logistics Supply Chain Design Software 78

Supply Chain Matters

JUNE 7, 2023

not only described as a “ significant rate of contraction ,” but also the first time that this particular metric has reached such a low level. Noted was a late May decline, largely driven by a more pronounced shift in inventories in the second half of May, reflecting a higher rate of expansion in the first half.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Logistics Material Savings 52

Turvo

SEPTEMBER 16, 2021

The value of using technology to reduce wasted time and miles that contribute to higher carbon emissions. Seven ways Turvo helps build a more sustainable supply chain for third-party logistics providers (3PLs), shippers of raw materials and finished goods, and their end customers. Eliminate deadheading.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Software Analytics Software Supply Chain Network Software 70

6 River Systems

OCTOBER 14, 2022

Without it, your inventory stays on the shelf, and your customers look elsewhere to get what they need. In a lot of ways, your fulfillment strategy, and the way you execute that strategy, is the sum total of your customer experience. Inventory management techniques. It involves: Inventory management. Warehousing.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 52

SCMDOJO

JUNE 14, 2023

Thankfully, outsourcing logistics services to a reliable third-party logistics provider (3PL) can make a significant difference. A 3PL offers a comprehensive range of services, including transportation, warehousing, distribution, and value-added solutions such as inventory management, packaging, and assembly.

3PL 78

3PL Supply Chain Design Software Prescriptive Analytics Software Inventory Management Software 78

Unleashed

MARCH 31, 2021

For many more, this would be too expensive or their supply chain simply isn’t complex enough to warrant such an investment, so they outsource to third parties. These may be known as logistics service providers (LSPs) or third-party logistics (3PL) providers, depending on the context for which they are needed.

Supply Chain Planning Software 69

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

SCMDOJO

JUNE 14, 2023

You can also use this data to make more accurate forecasts and better manage inventory levels. This can help reduce errors and increase efficiency. It can also help reduce the risk of damage to your products during transportation. This can help reduce the risk of costly returns or replacements.

Supply Chain Optimization 93

Supply Chain Optimization Supply Chain Planning Software Supply Chain Planning Supply Chain Software 93

Unleashed

OCTOBER 30, 2023

In this guide, we break down the WooCommerce order fulfilment process and how it works, with actionable tips for optimising your fulfilment strategy to bring costs down and boost productivity. It includes tasks such as managing inventory, packing and shipping customer orders, and processing returns.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

ThroughPut

APRIL 10, 2020

For manufacturers specifically, Logistics Management Software helps in the following activities: Overall supply and demand planning Effective order processing Inbound and outbound transportation management Inhouse warehouse and inventory management Fleet coordination Managing external logistics service providers.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Handbook 52

ThroughPut

APRIL 10, 2020

For manufacturers specifically, Logistics Management Software helps in the following activities: Overall supply and demand planning Effective order processing Inbound and outbound transportation management Inhouse warehouse and inventory management Fleet coordination Managing external logistics service providers.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Handbook 52

ThroughPut

APRIL 10, 2020

For manufacturers specifically, Logistics Management Software helps in the following activities: Overall supply and demand planning Effective order processing Inbound and outbound transportation management Inhouse warehouse and inventory management Fleet coordination Managing external logistics service providers.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Manufacturing Procurement Supply Chain Planning Software Handbook 52

GlobalTranz

OCTOBER 21, 2015

This is the first post in an ongoing series on effective KPI management from third party logistics consultant, Chuck Intrieri, of The Lean Supply Chain. . To be unified is to collaborate and trust the shipper/customer Third Party Logistics Service Provider (3PL) relationship. Collaboration.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Unleashed

JANUARY 16, 2023

When your business is receiving more orders than it’s possible to fulfil in-house, third-party logistics (3PL) can mean the difference between disappointing customers and capitalising on that success. In this guide to third-party logistics: What is 3PL? Cut storage costs.

Third Party Logistics 98

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

Supply Chain Shaman

JULY 8, 2013

As I stomped the snow off of my boots to start the strategy day, I faced a room of disbelievers. In the Supply Chain Metrics that Matter table, we can clearly see that “operating margin” and “inventory turns” matter to public financial performance. Note the trends in operating margins and inventory turns.

Supply and Demand 219

Supply and Demand Demand Planning Software Modeling Supply Chain Planning Software 219

BlueYonder

MAY 22, 2020

The changes brought about by COVID-19 are challenging third party logistics providers (3PLs) in unprecedented ways. As far as space is concerned, only 3PLs with large networks can afford to redeploy inventory to other locations that is then compounded with potentially higher transport costs.

Cost Reduction Strategies 91

Cost Reduction Strategies Inventory Reduction Optimal Sourcing Procurement Analytics 91

ShipBob

JANUARY 23, 2023

that doesn’t cut into profits isn’t possible. Many brands have turned to a tech-enabled third-party logistics (3PL) company to help reduce costs by tapping into the technology and infrastructure needed to optimize the last-mile delivery phase. This has helped reduce not only transit times but shipping costs.

3PL 98

3PL Cost Reduction Strategies Inventory Reduction Expense Reduction 98

GlobalTranz

MARCH 23, 2016

The focus is to eliminate all wastes in the organization, improve processes, solve root cause problems, create a pull environment, and ensure that Lean Six Sigma (LSS) works for quality and daily problem solving using DMAIC (Define, Measure, Analyze, Improve, and Control) and PDCA (Plan, Do, Check, and Act). Lean is a challenge to implement.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Zipline Logistics

JANUARY 10, 2023

Lynch and his team leverage data intelligence and strong industry relationships to help clients uncover transportation savings, build scalable supply chain strategies, and ace retailer compliance programs. Or it can lead to fundamental shifts in your logistics strategy like consolidating shipments. Perform a network analysis.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52