SCMDOJO

MARCH 19, 2024

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

JUNE 1, 2023

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Shipping items back and forth creates needless greenhouse gas emissions, and only 54% of all packaging gets recycled.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 192

Intelligent Audit

MARCH 23, 2021

Many factors play into shipping costs within the supply chain network. Optimizing shipping costs and examining the budget and current spending will help improve operations across the supply chain network. . Connect the Data Streams, Systems and Team Member Resources. Download the White Paper.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Optimization Software Cost Reduction Strategies 52

GlobalTranz

SEPTEMBER 23, 2021

The added strain on resources is on track to force high freight volumes to continue well into the next year. Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.?

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Logistics Viewpoints

JUNE 26, 2023

Demand sensing involves the use of the external data sources – particularly the latest sales and market data – to improve short-term forecasting and then be able to use that improved understanding of consumer behavior to improve their supply planning. For the largest retailers, short shipping results in fines and penalties. “I’ll

Supply Chain Planning Software 207

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 207

Supply Chain Game Changer

NOVEMBER 20, 2018

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. He had a marketing plan. But beyond that he had no idea on where to start to source his product. Check out What is Virtual Procurement and Why Should You Care?

Manufacturing Procurement 44

Manufacturing Procurement Optimal Sourcing Sourcing Supply Chain Planning Software 44

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Some examples of these would be the Xeneta Shipping Index, Freightos Freight Rate Index, Container Trade Statistics Price Index, and the Drewry World Container Index. The list is resources an enterprise can avail itself of is ever-growing and evolving.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Elementum

AUGUST 31, 2022

The supply chain management process is comprised of a number of steps, which can usually be organized into five categories: Planning and forecasting Sourcing and procurement Manufacturing Logistics Handling returns As demonstrated by the recent food supply chain issues , a failure in one area can lead to disaster.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 78

Supply Chain Shaman

MARCH 5, 2019

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. I was at a customer last week that shipped to distributors and did not know the site of customer facilities. The focus is on functional metrics, but are unable to get to overall supply chain metrics.

Supply Chain Design Software 282

Supply Chain Design Software Real-time Visibility Prescriptive Analytics Software Supply Chain Planning Software 282

Supply Chain Cowboy

MARCH 1, 2015

But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Communication.

Vendor Strategies 40

Vendor Strategies Metrics Price Reduction Expense Reduction 40

Supply Chain Game Changer

OCTOBER 4, 2022

Effective supply chain management includes the planning and implementation of several tasks such as acquisition, sources, conversion, and delivery. To assist in simplified manufacturing initiatives, the project manager must allocate resources efficiently, including personnel. Partner Expertise In Sourcing.

Manufacturing Procurement 81

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 81

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

The Clean Cargo Group is a business-to-business sustainability initiative aiming to reduce the environmental impact of the cargo shipping industry, and SAFA is made up of shipping companies, airlines and freight forwarders that are committed to measuring and reducing their carbon dioxide emissions. Photo Credit: United Airlines.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

Logistics Viewpoints

DECEMBER 1, 2022

The only bright note is that shipping costs will be a fraction of what they were over the last several years. Source: Descartes Datamyne. A number of macroeconomic and demographic challenges were highlighted in our 2022 study “ Resource Shortage: Is the Pandemic Masking a Much Bigger Problem for Supply Chains in the Future ?”

Predictive Analytics Software 198

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 198

Unleashed

DECEMBER 10, 2023

An enterprise resource planning (ERP) system is a software solution that integrates and manages various parts of your business, such as sales, finance, marketing, planning, human resources, and procurement. ERP systems store and report on product information, customer information, order information, and shipping information.

Inventory Management Software 52

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

Locus

JULY 24, 2023

Less than Truckload (LTL) LTL is the democracy of shipping. Typically supply chain managers at shipping companies would resort to cost cutting strategies and use of legacy solutions. With smart routing solutions like Locus, shippers can plan delivery and return with the same resource/vehicle, therefore eliminating empty miles.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Optimization Software Modeling 52

ToolsGroup

APRIL 25, 2019

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? And because machine learning systems get smarter over time, having a consistent method of measurement is even more important to ensure you can accurately track how outcomes and ROI are improving against established metrics.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Elementum

SEPTEMBER 6, 2022

Wide-scale demand for basic materials, higher commodity prices, and slowdowns in delivery times pose a complication for businesses that don’t have contingency plans or working capital resources. With a growing requirement for raw materials and consumer goods, insufficient shipping capacity exacerbated cost increases.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78

Taulia

OCTOBER 20, 2021

In today’s challenging market, companies face multiple challenges, from shortages of crucial components to port congestion, high shipping costs, logistics delays and uneven customer demand. While every company will have different priorities, a number of metrics can be used to measure supply chain efficiency. Cash flow forecasting.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Stock availability. Cost per unit.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

Requis

OCTOBER 30, 2020

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

ThroughPut

FEBRUARY 23, 2024

Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. Embracing AI for supplier management within the supply chain translates to: Optimizing your sourcing decisions through critical data insights. The solution?

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Unleashed

JANUARY 29, 2024

The SKU rationalisation 80/20 rule also helps you to identify and eliminate any obsolete, slow-moving, or low-margin products that are taking up both space and resources. Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Intelligent Audit

OCTOBER 12, 2022

The shipping industry plays a significant part in this equation, as carbon emissions from shipping make up a substantial portion of the problem. Also, shipping is connected to every industry that sells goods or products. Shipping Emissions Statistics & The Impact Carbon Emissions from Shipping Have on the Climate.

Waste Reduction 52

Waste Reduction Resource Reduction Price Reduction Cost Reduction Strategies 52

Resilinc

NOVEMBER 14, 2023

Resilinc’s Rick Freeman weighs in on the future opportunities for high-tech and semiconductor companies Despite the stabilization of the high-tech and semiconductor supply chain, the industry still faces pressure due to ongoing import/export restrictions and changing regulations governing semiconductor production and sourcing.

Supply Chain Strategy 58

Supply Chain Strategy Sourcing Strategies Manufacturing Procurement Supply Chain Software 58

Zipline Logistics

OCTOBER 27, 2020

Sustainability is an often-discussed concept that can be a reliable source of differentiation for CPG manufacturers. Now, when most think of sustainability, they think of ethical sourcing or environmentally friendly packaging. Tracking Key Metrics to Drive Performance Improvement . Aligning Parts of the Supply Chain.

Vendor Strategies 52

Vendor Strategies Resource Reduction Waste Reduction Cost Reduction Strategies 52

Supply Chain Network

APRIL 5, 2018

percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day. And relative to emerging data sources of relevant Big Data on global supply chains, one very interesting new player is Spire Global. With maritime transport growing at an average rate of over 8.5

Predictive Analytics 79

Predictive Analytics Predictive Analytics Software Analytics Software Big Data 79

Supply Chain Shaman

OCTOBER 8, 2019

No metric should be measured in isolation, and functional metrics should be replaced with the balanced scorecard metrics shown in Figure 2. To maximize value—price to tangible book, functional metrics need to be reset to focus on reliability. 5 A Focus on Functional Metrics Throws the Supply Chain Out of Balance.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Intelligent Audit

MAY 6, 2021

technologies are creating new opportunities to digitalize the value chain and create sources of insight and opportunities to optimize networks in real-time.” That risk of something adverse occurring — a disruption — continues to drive investments of time and resources into more informed decision-making and leveraging logistics analytics.

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

Logistics Viewpoints

SEPTEMBER 20, 2022

This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations. The platform serves the needs of different levels of resource availability.

Supply Chain Planning Software 194

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 194

ShipBob

NOVEMBER 24, 2023

Inventory segmentation ensures that each product is placed and managed according to specific metrics, creating a streamlined path from shelf to shipment. However, embracing inventory tools like ABC analysis can transform how you manage your stock, allocate your resources, and satisfy your customers.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

Elementum

MAY 1, 2018

But in today's rapid-fire world, the wait-and-see approach is the most costly one, and is almost guaranteed to maximize the time and resources spent on expediting fees and last-minute scrambling. Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Loss of talent/skills.

Pharmaceutical 94

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Supply Chain Design Software 94

20Cube Logistics

FEBRUARY 17, 2022

All this results in a tremendous loss of effort, time, and resources to ensure that the various interlinked processes go smoothly. According to several recent studies on the subject, there will be a significant reduction in the processing times involved in activities like shipping and customs. Making the Most of Technology.

Freight 75

Freight Resource Reduction Cost Reduction Strategies Inventory Reduction 75

Unleashed

AUGUST 16, 2023

A backorder is a customer order that could not be fulfilled immediately but will be shipped out once the ordered items become available. How long a backorder takes to be fulfilled can be influenced by factors such as your supply chain, manufacturing process , shipping times, and the popularity of the product. What does backorder mean?

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

Intelligent Audit

DECEMBER 22, 2020

Companies who ship multiple modes and at a large volume need to consider where the data comes from and how it’s used. Sometimes a third party source outside of the company needs to be accessed for data. Limited resources. Old processes are often rife with wasted resources, time, workforce, and funding. Consider this.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Analytics Software Supply Chain Software 52

ThroughPut

DECEMBER 8, 2023

These analytics techniques serve as essential tools to transform descriptive metrics into actionable insights and informed decisions. It helps optimize resource allocation, enhance operational efficiency, and maximize overall performance. ” 6 Uses Cases Of Prescriptive Analytics In Supply Chain Optimization 1.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Supply Chain Shaman

FEBRUARY 27, 2020

Pirate ships would lower their flag when puff roared out his name oh. These included cloud-based computing, in-memory processing, parallel computation, and open-source analytics. Open Source Analytics: A set of languages, techniques and tactics to enable parallel processing, schema on read, and data insights. Clean Data.

Analytics Software 238

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 238

ShipBob

JULY 2, 2021

Machine learning takes demand forecasting to the next level by enhancing real-time information by aggregating data from multiple internal and external sources, including the use of demographics, weather, online reviews, and even social media (e.g., Automated shipping. Many tech-enabled 3PLs offer automated shipping solutions.

Supply Chain Planning Software 98

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