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. These metrics provide valuable insights into how well your inventory is managed.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

GlobalTranz

MARCH 23, 2016

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. Specific metrics: process metrics and outcome metrics.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

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

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. 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. This will help to improve supplier relationships.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

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? With all that in mind, 3PLs are not for everyone.

Third Party Logistics 98

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

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

BlueYonder

MAY 22, 2020

The changes brought about by COVID-19 are challenging third party logistics providers (3PLs) in unprecedented ways. Stay-at-home orders and social distancing altered consumer patterns almost overnight, changing what people buy, where it’s purchased, and, as a result, how it is delivered.

Cost Reduction Strategies 88

Cost Reduction Strategies Inventory Reduction Optimal Sourcing Procurement Analytics 88

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

FLEXE

JUNE 14, 2018

Amazon spent decades building an incomparable eCommerce logistics infrastructure that makes high-volume, free, two-day delivery possible for its millions of Prime members. Now, its two-day promise isn’t even its fastest offer—for many Amazon purchases, next- or same-day delivery is available and free. Do they want fast shipping?

Procurement Analytics 34

Procurement Analytics Purchasing Skills Procurement Solutions Resource Reduction 34

FLEXE

JUNE 14, 2018

Amazon spent decades building an incomparable eCommerce logistics infrastructure that makes high-volume, free, two-day delivery possible for its millions of Prime members. Now, its two-day promise isn’t even its fastest offer—for many Amazon purchases, next- or same-day delivery is available and free. Do they want fast shipping?

Procurement Analytics 34

Procurement Analytics Purchasing Skills Procurement Solutions Resource Reduction 34

Logistics Bureau

DECEMBER 20, 2016

Is your supply planning optimised to get the best performance from manufacturing (if applicable), purchasing, warehouse, and transportation functions? To align the financial pillar of supply chain excellence, you and your team should focus on costs and financial performance in four key areas, namely: Distribution network costs.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

Logistics Bureau

NOVEMBER 27, 2016

Unilever has sustainability at the very heart of its business model, extending all the way through the supply chain from distribution to procurement. The measurements however, are just a means to an end , with the KPI-driven conversations being considered more important than the actual metrics. The Sustainability Drive.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Design Software Gartner 40

Unleashed

JUNE 23, 2021

More widespread third-party logistics. Inventory analytics goes mainstream. Accurately plotting costs based on live data. Improving efficiencies with data analytics. Warehouse and logistics staff can use portable technology to improve efficiency at work, such as scanning and picking.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Raw material suppliers and logistics. Demand fluctuations.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

GlobalTranz

JUNE 2, 2016

This paradigm shift to an embedded 3PL relationship or supplier model requires significant changes in thinking, behavior, culture, and compensation. The current Logistics or Purchasing Manager wants an answer as to “WIIFM?” Like we like to say, if all parties don't win, why is their a relationship? What’s In It For Me?).

3PL 120

3PL Manufacturing Procurement Optimal Sourcing Resource Reduction 120

SCMDOJO

MARCH 19, 2024

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. The success of the emails can be tracked through metrics such as bounce, click-through, and conversion rates.

Supply Chain Visibility 76

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 76

Unleashed

APRIL 12, 2023

Conversely, B2C order fulfillment offers rapid, low-cost, and often free, shipping. B2B procurement contracts can last for prolonged periods and be worth millions of dollars. B2C may result in a one-time only purchase by a customer compared to long-standing orders for B2B fulfillment.

Supply Chain Planning Software 52

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

Talking Logistics

APRIL 7, 2016

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). We’re seeing the TMS market move in two opposite directions,” I wrote back in December.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Planning Software Optimization Software Transportation Management 100

6 River Systems

DECEMBER 11, 2018

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. At the very least, they should see a message indicating that the products are out of stock before they make the purchase. This is just good customer service.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

ShipBob

MARCH 3, 2022

For Greg and many other retail businesses, success is heavily reliant on having a profitable cost per unit — and half of that battle is keeping your costs low. . Only when you know how much it costs to produce or procure a single unit of any SKU can you make more informed decisions on how much to sell it for.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

GlobalTranz

AUGUST 9, 2016

Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Create daily route designs, complete real time track and trace, generate real-time metrics , and complete daily problem solving. Measure Transportation Performance. Problem-solving methods.

Waste Reduction 120

Waste Reduction Agile and Lean Supply Chain Cost Reduction Strategies Lean 120

6 River Systems

JULY 25, 2019

Additionally, the advancements and constant changes in technology and analytics play a huge role in supporting the success or failure of a modern day supply chain. As if this wasn’t enough, transportation costs are rising and forcing companies to constantly adjust and optimize.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

GlobalTranz

FEBRUARY 10, 2017

2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities. President Trump’s plans will likely stimulate short-term growth, reports Patrick Burnson of Supply Chain 24/7. Remember the Amazon Barbell?

Third Party Logistics 120

Third Party Logistics Logistics Network Optimization Software Procurement Analytics Purchasing Skills 120