GlobalTranz

JUNE 30, 2017

In other words, manufacturers need analytics from point-of-sale systems, transportation metrics and more. Essentially, this creates a stronger level of customer service, and it can turn into additional purchases. For example, a customer is a shoe store may purchase shoes, but if offered a new brand of socks, he or she refuses.

Manufacturing Procurement 205

Manufacturing Procurement Manufacturing Procurement Analytics Price Reduction 205

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have a target percentage to meet. Collaboration.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Unleashed

OCTOBER 6, 2021

It may also be useful to use KPIs for your most important suppliers – for example KPIs for goods and services are delivered, whether they are on time, and whether they meet quality expectations. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

ShipBob

DECEMBER 13, 2023

By the end of this article, you’ll gain insights into which inventory health indicators you should be monitoring, how to overcome common inventory management hurdles, and see how a third-party logistics provider like ShipBob can help. Balanced supply and demand: Ensures stock levels meet customer demand without surplus.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

GlobalTranz

JULY 10, 2015

On June 23, 2015, the Council of Supply Chain Management Professionals ( CSCMP ) released the “State of Logistics Report,” which happens to be in its 26 th year. For members of the CSCMP , the cost of the report is free, but it stands out at $295.00 Growth in Logistics. for everyone else. percent last year.

Procurement Analytics 120

Procurement Analytics Report Logistics Cost Reduction Strategies 120

ShipBob

OCTOBER 4, 2023

However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods. You’ll also learn some effective strategies on how to reduce inventory levels to save costs. This helps businesses to get more out of their procurement budget and increase their profits.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

Supply Chain Matters

JUNE 21, 2022

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 33rd Annual State of Logistics Report to organization members and the industry as a whole. This report provides a snapshot of the U.S. For 2021, U.S. percent to $1.85

Logistics Network Optimization Software 52

Logistics Network Optimization Software Procurement Analytics Report Inventory Reduction 52

Unleashed

JULY 25, 2023

It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

GlobalTranz

FEBRUARY 7, 2018

Third-party logistics providers (3PLs) have been around for several years, and while 3PLs may have existing software suites, such as our very own transportation management system, the Cerasis Rater, many supply chain managers are still implementing in-house technology solutions that have severe capability limitations.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimization Software 170

Turvo

MARCH 1, 2022

Worldwide third-party logistics (3PL) has emerged as a viable option for meeting global distribution demands. It may be used by anyone in the supply chain, from manufacturer to distributors to third-party logistics providers (third-party logistics providers, or 3PLs) – basically, anyone who wants to coordinate shipments.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Expense Reduction 70

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Price Reduction Inventory Reduction 98

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

GlobalTranz

DECEMBER 18, 2014

All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. Fabricators now are trying to be fast enough to meet any and all customer needs whenever they crop up. The keyword here is fast.

Manufacturing Procurement 236

Manufacturing Procurement Manufacturing Purchasing Skills Sourcing Strategies 236

GlobalTranz

JANUARY 21, 2019

We will delve into what will set third-party logistics providers apart in the coming year, and what to expect as e-commerce continues to merge with brick-and-mortar retail. We will turn over each stone and consider how innovative technology will shape the future of shipping and logistics. Get Your Free White Paper Today.

Trends 152

Trends Shipping Purchasing Skills Supply Chain Software 152

GlobalTranz

JANUARY 28, 2019

Analytics will help carriers identify routes and pickups that may not be adhering to stringent consolidation protocols, such as poor palletizing of shipments. The prevalence of discount retailers is also growing in tandem with consumers taking extra care before purchasing a product. The Move to LTL Digital Shipping.

Logistics Network Optimization Software 140

Logistics Network Optimization Software Material Savings Logistics Trends 140

Clear Spider

OCTOBER 26, 2022

An emphasis on data-sharing between vendors and customers increases visibility and makes data analytics more powerful. As a result, vendors use better demand forecasting to meet inventory goals, while customers focus on improving other metrics like customer service and brand loyalty. The Problem with Sales Data.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Examples Cost Reduction Strategies 52

GlobalTranz

APRIL 17, 2018

This has the effect of lowering overall shipping costs, meeting customers’ demands for lower-cost, faster delivery of small packages. Those needing to ship parcel in volume should negotiate shipping rates with all applicable carriers, including local and regional carriers, reports David Butcher of ThomasNet.

Material Savings 151

Material Savings Shipping Cost Reduction Strategies Negotiating Skills 151

ShipBob

NOVEMBER 29, 2023

And two days ago a few units were reported stolen. Ultimately, it results in struggles with business spending, purchasing, and productivity. To ensure regular and thorough inventory management, a third party logistics ( 3PL ) provider like ShipBob can really help. What is ghost inventory? Inventory is money.

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

GlobalTranz

MAY 22, 2018

Parcel spend management is growing in importance, and shipper workforces are becoming more diverse, reports Marilyn Gettinger of Parcel MEDIA , which may strain existing work relationships and require use of people analytics to boost morale. Customers Expect Free or Low-Cost Parcel Shipping on Most Purchases Yes.

Cost Reduction Strategies 122

Cost Reduction Strategies Expense Reduction Negotiating Skills Purchasing Skills 122

GlobalTranz

JULY 12, 2016

Well, it starts with focusing on the areas and objectives that can meet your desired outcomes. After addressing these key areas, we will then give you 13 practical considerations to layer and weave into these five key areas, all in the hopes of increasing efficiency and realizing warehouse costs savings.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

GlobalTranz

JANUARY 23, 2017

Sustainability Measures Swept Through Logistics Providers to Reduce Transport Needs. 2016 was a year of major improvements in sustainability measures for logistics providers. Grants enabled major logistics providers to upgrade fleets, explains Shelia Shayon of Brand Channel.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Cost Reduction Strategies Waste Reduction Resource Reduction 120

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. Competitive advantage: When it comes to making a purchase , customers usually have several options to choose from.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Unleashed

DECEMBER 21, 2023

Inventory management solutions are the systems and processes designed to effectively oversee the entire lifecycle of your business’s inventory, from procurement and storage to distribution and sales. They include all software, hardware, or third-party services designed to facilitate more efficient inventory management practices.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. When it comes to customer service, how you manage your WooCommerce order fulfilment plays a vital role in meeting customer expectations. Procurement is the process of sourcing the suppliers and service providers that enable you to sell products.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

Zipline Logistics

DECEMBER 5, 2022

While salespeople are fantastic at closing deals, their expertise doesn’t usually include understanding each retailer’s delivery expectations or how to meet them logistically. Not meeting those requirements often results in huge fees, damaged retail relationships, and missed sales from not being on the shelf.

Cost Reduction Strategies 81

Cost Reduction Strategies Price Reduction Logistics Network Optimization Software Price Mitigation Strategies 81

Ware2Go

APRIL 5, 2022

Learn how you can improve your brand’s delivery tracking to meet consumer expectations. This helps them meet growing customer expectations for 2-day delivery and save money on final mile delivery by eliminating costly long-zone shipments and next-day air. What Is Last Mile Carrier Tracking? The Importance of Last Mile Carrier Tracking.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Supply Chain Network Software Modeling Software Purchasing Skills 98

GlobalTranz

JULY 22, 2016

As a result, companies are doubling down on their efforts to meet the surge in demand and across global omni-channel sales. and the compounded annual growth rate is expected to stay at or above 10 percent over the next half-decade, reports William B. Globalization Promotes International Shipping and Logistics.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Modeling Software Analytics Software Optimization Software 120

GlobalTranz

OCTOBER 21, 2016

Rebounding freight volumes and the proximity of the electronic logging device (ELD) mandate are set to change the industry in 2017, reports Sean Kilcarr of FleetOwner. As more shippers look for carriers meeting this mandate, carriers will have an opportunity to control which shippers do and do not get access to their fleets.

Capacity 120

Capacity Purchasing Skills Material Savings Price Reduction 120

GlobalTranz

MARCH 23, 2016

These teams and people meet daily in a “huddle” to discuss previous day goals and actual results. These metrics would, of course, be aligned and are updated every hour. The metrics are also manual as automatic metric systems cannot retrieve the information at an hourly frequency as these metrics are process inputs and not outputs.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

GlobalTranz

APRIL 25, 2017

Meanwhile, the increasing number of regulations and requirements on shippers has created a paradox between saving money and still meeting all requirements. This involves the combination of data capture, analytic and dashboarding tools to make decisions easier. Part of the problem lies in the size of today’s supply chains.

Cost Reduction Strategies 156

Cost Reduction Strategies Resource Reduction Vendor Strategies Expense Reduction 156

Taulia

OCTOBER 20, 2021

As such, an efficient supply chain is one in which orders are fulfilled by suppliers on time, while minimizing operational costs. While every company will have different priorities, a number of metrics can be used to measure supply chain efficiency. Calculated as cost of goods sold/average inventory.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

GlobalTranz

JUNE 8, 2016

From cloud-based systems to transportation management, the state of the logistics industry is evolving to expand an increasing number of services. Although an initial view of the logistics and freight industry seems stale, it represents how the flow of goods and services are sprouting and delivering more with fewer resources.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Freight Resource Reduction Cost Reduction Strategies 120

OptiProERP

MAY 3, 2021

That includes your supply chain management needs, such as managing your suppliers and vendors, purchasing or supplying material and parts from/to third parties, and ensuring compliance and quality with your supply chain partners. There are several options of software solutions to meet your supply chain management needs.

Supply Chain Planning Software 93

Supply Chain Planning Software Supply Chain Software Procurement Solutions Analytics Software 93

GlobalTranz

FEBRUARY 17, 2016

You can also place a blanket order with a supplier and manage releases versus taking in larger quantities to save costs. Purchasing can place the order and negotiate prices; Production Planning can release these items based on the latest Material Requirements Planning (MRP) report. Meetings themselves can be a waste.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Talking Logistics

FEBRUARY 27, 2015

All of these statistics, which correlate with the results of other retailers, point to the ongoing transformation taking place in the retail industry, which is being driven by e-commerce, mobile purchasing, home delivery, and click-and-collect. Last March in 3PLs, What Business Are You In? , NAFTA freight flows by all modes increased by 5.4

Logistics Network Optimization Software 100

Logistics Network Optimization Software Analytics Software Procurement Analytics Logistics 100

BR Williams Supply Chain Management

SEPTEMBER 27, 2021

The Financial Times reports a top executive at UPS expects the supply chain crisis created by the pandemic will inflict lasting damage. To understand what’s going on with third-party logistics , we had an extensive discussion with four industry thought leaders at BR Williams. The Future of Third-Party Logistics.

Third Party Logistics 95

Third Party Logistics Logistics Network Optimization Software Manufacturing Procurement Purchasing Skills 95

The Logistics of Logistics

MARCH 11, 2013

A new Bloomberg Business Week Research Services survey and report makes it clear that innovative supply chain tools are widely acknowledged to be crucial to meeting corporate goals now and in the future as supply chains grow more complex, customers become more demanding and globalization accelerates. He is certified as a C.P.M.,CPIM,

Real-time Visibility 113

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 113