Silvon Software

MAY 7, 2018

Analytics can help wholesale distributors maximize profits, but it isn’t just about gaining insights from the data. Here’s more information on the value that analytics can bring to wholesale distribution organizations: Operational Efficiency. High performing distributors use advanced analytics to make their operations more efficient.

Procurement Analytics 85

Procurement Analytics Analytics Optimal Sourcing Vendor Strategies 85

GlobalTranz

SEPTEMBER 12, 2018

To achieve lasting success, shippers need to understand how e-commerce shipping strategies are quintessential steps in this process. Brick-and-mortar locations that have not ventured into the realm of e-commerce will falter in comparison to companies that have already embraced e-commerce. GET YOUR COPY HERE. Download White Paper.

Resource Reduction 182

Resource Reduction Cost Reduction Strategies Price Reduction Supply Chain Strategy 182

GlobalTranz

SEPTEMBER 26, 2018

This creates a wonderful opportunity for shippers to eliminate the middleman costs by considering the use of less-than-truckload freight options for e-commerce. Since e-commerce exists around the globe, variety in shipping can amount to better cost management and fewer delays. LEARN MORE. Get E-Commerce solutions.

Shipping 168

Shipping Cost Reduction Strategies Expense Reduction Resource Reduction 168

ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 83% of consumers with a household income of over $100,000 report that returns are important.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. and “what is a reasonable range of rates for our company’s typical shipping scenarios?”.

Benchmarking 70

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 70

EC Sourcing Group

MARCH 12, 2023

A supplier scorecard is the result of supplier analysis based on a set of key performance indicators and metrics. Steps for building a supplier scorecard: Focus on the purpose of the scorecard by recognizing and determining the right measures and metrics, or, your KPI’s.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

Supply Chain Shaman

SEPTEMBER 5, 2022

These teams are also more advanced in the use of planning and more advanced analytics concepts. To put this in perspective, if they had no planning system and no planners and just assumed that they would ship based on prior shipments, the forecast would be better, and the inventory levels more accurate. Private Equity M&A.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

Intelligent Audit

OCTOBER 28, 2021

The increasing pressure of the market, the rising consumer demand, and dwindling supplier deliveries have brought into full view the need for adequate and functional shipping cost allocations. Here’s the reality of the situation and how it adds up to lower total landed shipping spend through management of shipping cost allocations.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Supply Chain Planning Software Optimal Sourcing 52

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. This level of variability is not forecastable at an item level, but yet their companies were trying to forecast using item-level forecasting based on shipment/order data inputs using a ship-from model. I was clear.

Supply Chain Planning Software 259

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 259

Cognira

NOVEMBER 28, 2023

This blog explores the trends that define this year’s holiday season and the factors that draw the consumer path to purchase. Consumers leverage AI-powered benchmarking tools to track the price of their favorite items and make the purchase once it hits its lowest point. compared to the last year.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

Enterra Insights

APRIL 13, 2023

Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. She explains, “There are signs that shoppers may be running out of gas.

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

Unleashed

JANUARY 4, 2024

Product sourcing is the process of finding reliable suppliers and purchasing inventory from them with the intention of reselling to customers. If you’re looking to sell a product that’s already been established in the market, purchasing in bulk from a wholesaler can be a good option. Where can you source products from?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Zipline Logistics

DECEMBER 22, 2020

percent reporting LTL transit times had been extended by one or two days, and another 16.4 What Is Shipping Lead Time? Lead time typically refers to the total time needed from purchase order origination to delivery to a customer. percent of survey respondents, with 70.2 Let’s explore why else it matters. Reach Out Today .

Freight 52

Freight Cost Reduction Strategies Shipping Price Reduction 52

ThroughPut

MAY 16, 2024

Powered by data analytics and advanced technologies, every stage of the supply chain can be critically analyzed, starting from procurement to distribution to identify and prioritize improvement opportunities. This opens up avenues to save procurement, transportation, inventory, and warehousing costs.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Modeling 52

Supply Chain Shaman

OCTOBER 8, 2019

The budget is for a fiscal year with quarter reporting and updates. The direct connection between the two processes increases costs and increases error. Instead, it should be mapped as an input to track supply chain forecasting to financial budgets for reporting and insights. Time horizon. Bias and error. Apparel is an example.

Supply Chain Design Software 189

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 189

Enterra Insights

NOVEMBER 22, 2022

Reporter Erika Edwards ( @erikaedwardsnbc ), and her colleague Dr. Akshay Syal, observe, “Hospitals nationwide are preparing for another winter with Covid — the first one that’s also expected to include high levels of influenza and other respiratory illnesses that have simmered quietly in the background for the past two years.

Omnichannel 130

Omnichannel Purchasing Skills Agile and Lean Supply Chain Procurement Analytics 130

QAD

APRIL 5, 2022

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, and from shared services to real-time data and flexible data analytics, QAD’s Effective Enterprise Management capabilities ensure that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software Purchasing Skills 98

Supply Chain Shaman

OCTOBER 2, 2020

The organization is not clear on accepting special requests and expedited shipping policies, often resulting in a lower margin. Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score. A Comparison Of Company Performance To Industry Average.

Customer Service 298

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 298

ShipBob

JANUARY 8, 2021

Today, the scenario is quite different as 73% of B2B buyers are millennials who prefer the convenience of purchasing bulk orders online. B2B orders are often purchased less often, sold in bulk, and shipped via freight (or parcel for smaller orders). B2B orders are often repeat purchases done in bulk and ordered less frequently.

Inventory Management Software 96

Inventory Management Software Supply Chain Design Software Optimization Software Logistics Network Optimization Software 96

ToolsGroup

FEBRUARY 7, 2022

Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. eCommerce Purchases and “The New Normal” Retail Categories. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

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. Container Import Volume Year-over-Year Comparison. 2023 call: Consumers will focus on home delivery performance and retailers will focus on home delivery cost reduction or recovery. Figure 1: U.S.

Predictive Analytics Software 228

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 228

Enterra Insights

APRIL 12, 2019

Russell Redman reports a study by consumer target marketing firm SKUlocal found, “Grocery shoppers have come to rely on digital channels and now expect online access in their path to purchase. He reports, “Iconic brands like Winn-Dixie have gone bankrupt. ”[1] Those numbers can’t be ignored.

Purchasing Skills 100

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Predictive Analytics Software 100

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. Transportation modes used in procurement and shipping. Distribution of goods prior to purchase. Ask Traditional Questions, and Let Big Data Provide Answers.

Supply Chain Design Software 120

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

New Horizon Supply Chain Blog

JUNE 18, 2022

For instance, consider a producer of yogurt, ice cream, and other dairy products shipped directly to individual supermarkets using a direct store delivery model. The table below shows forecast and actual values and then the calculated mean absolute percent error (MAPE), the most common forecast accuracy metric.

Forecasting 52

Forecasting Supply Chain Planning Scenario Planning Supply and Demand 52

ThroughPut

JUNE 5, 2024

Enhancing Resilience in Operations Intelligent customer segmentation helps uncover relevant purchasing trends across various demographics, allowing businesses to develop stronger, more resilient marketing strategies based on real-time data tailored to specific customer groups.

Inventory Reduction 52

Inventory Reduction Material Savings Resource Reduction Sourcing Strategies 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Optimize delivery routes, improve freight operations, and propose the best shipping methods to you.

Predictive Analytics Software 59

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

Supply Chain Shaman

JULY 29, 2013

Which supply chain metrics correlate to market capitalization by Morningstar sector? Note that the ratios are better than absolute numbers because it helps in the comparison of large and small companies and performance across currencies.) The greatest progress has been made through the introduction of new business models.

Supply Chain Planning Software 288

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 288

ThroughPut

JUNE 5, 2024

Enhancing Resilience in Operations Intelligent supply chain segmentation helps uncover relevant purchasing trends across various demographics, allowing businesses to develop stronger, more resilient marketing strategies based on real-time data tailored to specific customer groups. How to Implement a Supply Chain Segmentation Strategy?

Inventory Reduction 52

Inventory Reduction Material Savings Sourcing Strategies Resource Reduction 52

Freightos

JULY 26, 2018

According to their 2017 annual report, over a quarter of Amazon’s third-party sales (which represent half of Amazon’s sales) are cross-border. In other words, if your shipping your own goods, you’re competition. Let’s Talk About Boats, Ships, and Trucks. That’s not surprising, given that Amazon’s shipping costs grew from $11.5

Logistics Network Optimization Software 162

Logistics Network Optimization Software Data Logistics Supply Chain Planning Software 162

Supply Chain Game Changer

NOVEMBER 19, 2018

And the reality is that Supply Chain must be cost-effective. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

Unleashed

MAY 28, 2023

First-in, first-out (FIFO) is a cost-flow inventory method used to value inventory stock. FIFO assumes the items first purchased or first produced are the first items to be sold. Under the FIFO method, the inventory you have left at the end of your accounting period would be the items you’ve most recently purchased or produced.

Purchasing Skills 52

Purchasing Skills Inventory Reduction Price Reduction Material Savings 52

RFgen

APRIL 30, 2024

Your Guide to Mobile Inventory Management Systems LEARN MORE » Comparison with Periodic Inventory Systems In contrast to a perpetual inventory system, a periodic inventory system is a methodology in which updates are made in batches. Meanwhile, reliable data helps reduce emergency restocking and expensive last-minute shipping fees.

Inventory Management Software 81

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 81

Supply Chain Shaman

NOVEMBER 28, 2016

Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

Vinculum

JULY 6, 2021

The importance of free returns is highlighted in various reports by giant business retailers. In a 2018 report from KPMG, more than 67% of online customers expect free returns, which is a 5% increase in comparison with 2016 and 2017. Higher in-store sales and future purchases. More repeated customers.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Software Procurement Analytics 52

Logistics Viewpoints

FEBRUARY 25, 2022

The potential supply chain impacts of this conflict dwarf any other supply chain news that might be reported. Those shipments need to go by Ocean or the more expensive Air mode if ship berths can’t be found. Because of this, they are predicting rates will skyrocket for Ocean and Air. This week’s news will all center on this war.

Price Reduction 229

Price Reduction Ukraine Russia Logistics Network Optimization Software 229

ThroughPut

APRIL 6, 2020

Managing inventory is one of the most crucial aspects of supply chain optimization as it affects several other parts of your supply chain, including procurement, order fulfilment and production planning. This is very helpful, especially when you use data pulled from real-time analytics. This helps solve several problems for them: 1.

Optimal Sourcing 59

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 59

Enterra Insights

OCTOBER 15, 2018

a consumer purchase). The rise of the Internet and mobile devices (especially smartphones) has significantly impacted the complexity of the consumer path to purchase. Today’s consumers are influenced by a multitude of digital channels, from search engines and comparison sites, to marketing emails and display advertising.”[1]

Purchasing Skills 100

Purchasing Skills Procurement Analytics Procurement Solutions Optimal Sourcing 100