The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Price Lookup and Comparison. RPA can routinely search for pricing data on specified materials and structure this data in a way that makes conducting comparisons easier. Purchase Order Management.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

ToolsGroup

AUGUST 1, 2022

Reports indicate that returns are higher when products are sold online, with an average return rate of 30% for ecommerce purchases, in comparison with 10% for brick-and-mortar sales. According to a study by Narvar , 75% of consumers have been given a refund without needing to ship back the product. Image source: Shipping Easy.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

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. Dan, new to the job, failed to remove the shipping bolts from the back of the washer. Starbucks redesigned their cups for the Grande product, and the flimsy cups were a source of constant spills and burns.

Customer Service 295

Customer Service Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 295

ToolsGroup

APRIL 25, 2019

Gathering the necessary data to formulate an accurate comparison between previous results and those provided by machine learning is an excellent way to establish confidence in your results. Data Variety The more different types of data sources you factor in (e.g.

Supply and Demand 227

Supply and Demand Demand Planning Modeling Supply Chain Planning Software 227

Logility

JUNE 23, 2023

And next to impossible is creating plans in a timely manner when monitoring unrelated KPIs across multiple disconnected sources of data. Your customer service and operational costs will always be impacted by your need to ship orders across the country.” Supply chain organizations are no strangers to this frustration.

S&OP 198

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 198

Supply Chain Shaman

OCTOBER 5, 2021

Look at the 72 ships off the coast of Long Beach (up 65% from a year ago). Does anyone want to wager with me how many of those ships have inventory that is not really needed in the supply chain? Comparison of Inventories Across the Years. Could Outside-in Thinking Help?

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 195

Supply Chain Shaman

OCTOBER 5, 2021

Look at the 72 ships off the coast of Long Beach (up 65% from a year ago). Does anyone want to wager with me how many of those ships have inventory that is not really needed in the supply chain? Comparison of Inventories Across the Years. Could Outside-in Thinking Help?

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 195

Logistics Viewpoints

NOVEMBER 25, 2024

Facilities sourcing and construction contracting were centralized in the procurement department. They add accounting information and where it should be shipped to. The machine does all that comparison for you. The post Boston University’s Sourcing Transformation appeared first on Logistics Viewpoints.

Boston 266

Boston Purchasing Skills Sourcing Strategies Sourcing 266

The UCLA Anderson Global Supply Chain Blog

AUGUST 11, 2017

Luxottica maintains a warehouse in Atlanta and ships roughly 470k units of inventory each week - 300k to retail locations and 170k as wholesale to independent opticians and department stores. Source: [2] and Alibaba.com. Warby Parker also sources most of their raw material from a family-based firm in Italy.

Manufacturing Procurement 112

Manufacturing Procurement Sourcing Strategies Inventory Reduction Supply Chain Design Software 112

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

Expect to see improvements to customer engagements that are not limited to a seamless checkout process but all facets of a buyer’s journey, including product education, research and comparison, and easily navigable after-sales support. Digitalisation and the Importance of Technology.

Supply Chain Planning Software 245

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Agile and Lean Supply Chain 245

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

Such real-time data and visibility functions allow for supplier comparisons as well as overall emission source contributor identifications, which can be focused on for improvement. In one case the fuel and emissions per kilogram shipped was actually halved for a customer! It can be done via EDI, API or via a web portal.

Optimal Sourcing 246

Optimal Sourcing Optimization Software Real-time Visibility Logistics Network Optimization Software 246

Supply Chain Shaman

SEPTEMBER 5, 2022

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. Definition of Form and Function of Inventory: Source Supply Chain Insights. Lack of Accounting for Supply Variability.

Supply Chain Planning Software 243

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

Supply Chain Shaman

AUGUST 7, 2019

” Or alternatively, “Is there data that could be sourced to help?” Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. Measurement of demand accuracy incorrectly (comparison of units sold versus units forecasted monthly at a high level in the demand hierarchy).

Supply Chain Design Software 253

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 253

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. Source: Descartes Datamyne. Figure 1: U.S. Theme 2: Online buying will fuel home delivery growth, challenges and new strategies.

Predictive Analytics Software 232

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 232

Freightos

JULY 26, 2018

In other words, if your shipping your own goods, you’re competition. Let’s Talk About Boats, Ships, and Trucks. By comparison, that’s almost as large as the15th largest US passenger fleet. Source: Amazon.com. That’s not surprising, given that Amazon’s shipping costs grew from $11.5 Amazon’s logistics hiring plans.

Logistics Network Optimization Software 184

Logistics Network Optimization Software Data Logistics Supply Chain Planning Software 184

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

The number of alternative and dual-fuel propelled container ship orders out numbers the traditional ICE only engines for new ship orders. Aeronautics engineering innovation is sadly only paddling forward in comparison to the ship building industry. This is big money and infrastructure is working to accompany the change.

Purchasing Skills 130

Purchasing Skills Singapore Price Reduction Cost Reduction Strategies 130

Freightos

JULY 26, 2016

This tremendous growth was driven by freight shipping, which scaled in size but didn’t significantly improve underlying technology, getting bigger, not getting smarter. For example, 26% of the 730 million TEUs shipped annually and approximately 30% of trucks on the road are empty. Sources: A , B.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Supply Chain Software Demand Planning Software Freight 120

Logistics Viewpoints

FEBRUARY 25, 2022

Those shipments need to go by Ocean or the more expensive Air mode if ship berths can’t be found. While the impacts of disruption of trade between US and Europe and Russian and Ukraine are miniscule in comparison to the disruption of trade with China that occurred because of the pandemic, the impacts are not insignificant.

Price Reduction 234

Price Reduction Ukraine Russia Logistics Network Optimization Software 234

Supply Chain Shaman

MARCH 18, 2018

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Comparison of Emerson Electric and Schneider Electric for the Period of 2006-2016. Reflections.

Optimal Sourcing 173

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Optimization 173

QAD

JANUARY 9, 2024

One example is parcel and non-production shipping. A robust transportation execution solution will create and maintain an audit trail for all your shipping and compliance documentation. Done correctly, international trade compliance is a source of competitive advantage. Front office personnel often handle parcel shipments.

Global 98

Global Supply Chain Software Vendor Strategies Demand Planning Software 98

Unleashed

JANUARY 4, 2024

Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. This guide will explain how product sourcing works in modern business, best practices for finding suppliers, and list some of the most popular websites and tools for sourcing goods to sell.

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

Enterra Insights

SEPTEMBER 20, 2019

” Another company in this agriculture space is Freight Farm, which provides farmers the ability to grow vegetables in converted freight shipping containers equipped with the latest hydroponics and automated systems equipment. Each container — the kind commonly seen on trains, trucks or ships — costs $85,000, not including shipping.

Supply Chain Planning Software 160

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Optimization Software 160

Intelligent Audit

OCTOBER 26, 2021

Finding ways to keep costs in check often comes down to understanding the various shipping surcharges and how shippers can best avoid them through stronger shipping audits. A Single Source of Truth for Shipping Surcharges Management. Instability is among the singular constants affecting supply chain management.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Predictive Analytics Analytics 52

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. Typically and historically sourcing decisions were predominantly based on unit price.

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

Intelligent Audit

NOVEMBER 30, 2021

The state of ocean freight continues to evolve in the wake of peak season, approaching holiday shipping deadlines , and ongoing disruptions. Why Invoicing Errors Are More Likely in Ocean Shipping. Like OTR freight data, auditing container shipping costs is a lifeline for today’s shippers. The difference is simple.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Shipping Container Tracking 52

Enterra Insights

JUNE 28, 2023

By 1956, the first container ship sailed from the port of New Jersey to Texas. That includes packaging, warehousing, shipping, and more. But if you are a part of a small company, by comparison, then you know that most people are doing many different tasks and doing whatever is required to get the job done. Keep up the good work.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Logistics Supply Chain Design Software 130

EazyStock

JANUARY 27, 2021

In addition to shorter lead times, lower shipping costs, no tariffs and a typically lower MOQ, domestically-source products usually are higher quality – plus, sourcing domestically can work as an attractive marketing strategy. Consumers are now used to fast and free shipping. Automation. Focus on eCommerce.

Inventory Management Software 96

Inventory Management Software Supply Chain Planning Software Supply Chain Software Inventory Reduction 96

Arena Solutions

MAY 31, 2020

Sourcing Bill of Materials in Arena PLM. In Arena, part sourcing information is also linked so teams can quickly assess who the approved manufacturers and suppliers are for each component. The redline BOM view in Arena offers a clear visual comparison of two revisions of a bill of materials. Environmental Compliance.

Supply Chain Design Software 90

Supply Chain Design Software Manufacturing Procurement Procurement Solutions Supply Chain Software 90

QAD

APRIL 5, 2022

In this area, enhancements include: Serialization extends QAD’s current track and trace capabilities, end-to-end from inbound receiving, to production and outbound shipping. Additional eSignature capabilities now apply to more supplier documents.

Manufacturing Procurement 98

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

ToolsGroup

FEBRUARY 28, 2023

This allows for faster implementation processes thanks to easier-to-validate models, higher overall forecast accuracy as a result of those validated models, and dynamic forecast-to-forecast comparisons. Re-Forecasting Based on Pre-Orders Historical data sits at the center of all the work planners do.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156

Silvon Software

MAY 7, 2018

Webster’s Dictionary defines efficiency as, “effective operation as measured by a comparison of production with cost (as in energy, time, and money).” In simple terms, this means that distributors should strive to achieve the best possible result for every dollar spent relative to purchasing, repackaging, picking, packing and shipping.

Procurement Analytics 85

Procurement Analytics Analytics Optimal Sourcing Vendor Strategies 85

Enterra Insights

APRIL 12, 2019

” The most common fulfillment method for online grocery shopping is standard shipping via logistics providers like UPS, FedEx, or the US Postal Service. This means last-mile delivery services can better source and retrieve ordered items and predict better substitutions.” ” Sales and Coupons. ” Smartphones.

Purchasing Skills 100

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

Proxima

AUGUST 25, 2022

The city’s port lost around 45 percent of its trucking capacity this spring as the city ground to a halt, resulting in around 80 percent of vessels being delayed, in comparison to 20 percent two years previously. The threat of sudden lockdowns continues to loom over procurement teams.

Policies 91

Policies Global Manufacturing Procurement Supply Chain Software 91

Intelligent Audit

MAY 2, 2022

As highlighted by Transport Topics in a January 2022 article discussing freight shipping analytics, “ Data shows total truckload rates year-over-year are holding around 12% higher. Aggregate Data to Create a Single Source of Truth for Shipping Insight. Organizations use actionable insights to make data-informed decisions.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Analytics Software Predictive Analytics 52

Shipchain

AUGUST 29, 2018

While this comparison is most commonly associated with benchmarking, it is also part of the reason why more people in the shipping industry are turning to blockchain for supply chain management (SCM). Every transaction is recorded with blockchains in “blocks,” and this information is shared via an open-sourced network.,

SCM 78

SCM Supply Chain Network Software Supply Chain Software Demand Planning Software 78

ToolsGroup

FEBRUARY 7, 2022

Data source: eMarketer. And based on Placer Lab’s data , the investment looks promising, with monthly 2021 monthly in-store visits up across the board in comparison to 2019: Image source: Placer.ai. Image source: Bring Me the News. eCommerce Purchases and “The New Normal” Retail Categories. in 2021, compared to 42,000 sq.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177