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

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

Logistics Viewpoints

MARCH 17, 2022

2021 came with a new set of challenges as global and local supply chains were hit by raw materials shortages, accompanied by longer lead times and higher shipping costs, lack of labor, and the pent-up demand actualizing as record-breaking sales. It provides a single source of truth with visibility and analytics based on the same data.

Supply Chain Planning Software 307

Supply Chain Planning Software Forecasting Software Analytics Software Supply Chain Network Software 307

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

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 196

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 196

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 264

Supply Chain Planning Software Supply Chain Design Software Modeling Optimal Sourcing 264

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

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

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

Intelligent Audit

NOVEMBER 5, 2021

In recent years, shipping GRIs among carriers tend to be around 3% to 5% each year. This average shipping rate increase index is a reflection of how carriers look to balance demand with capacity, but it’s not always the same. Fifteen actionable steps that mitigate higher shipping rates’ impact.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 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

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

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

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

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

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

Intelligent Audit

APRIL 6, 2022

What Else Can Shippers Do to Attract More Customers and Avoid Excess Shipping Costs? Unify all data within a single source of truth. Shipping companies should unify their data by integrating every related source into a central system. Normalize data to enable apples-to-apples comparisons.

Optimal Sourcing 52

Optimal Sourcing Puerto Rico Sourcing Strategies Price Reduction 52

Intelligent Audit

SEPTEMBER 1, 2022

Carriers can significantly impact shipping costs , customer experience, shipment options, and other factors. An effective way to do this is to utilize data from your shipping activity and invoices. Why is Optimization of a Shipping Carrier Network Important? 4 Core Objectives to Optimize your Logistics Shipping Carrier Network.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Network Optimization Software Supply Chain Network Software 52

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 228

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

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

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

Freightos

AUGUST 11, 2024

Not to ruin the ending, but just as tennis evolved, the global shipping industry must adapt to the new demands, new capabilities and, frankly, the new requirements of the market. But here’s the catch – the comparison is still right there, it just doesn’t have a scoreboard (yet).As

Freight 211

Freight Logistics Network Optimization Software Demand Planning Software Resource Reduction 211

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

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

Intelligent Audit

MAY 9, 2022

With this service you’ll have valuable insights to accrual reporting capabilities providing visibility to what’s been shipped and not yet funded. However, that system should be easy to integrate with all your existing systems and unify the data streams into a single source of truth for freight data insight and application.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

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

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

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 298

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

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

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

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 60

Manufacturing Procurement Sourcing Strategies Inventory Reduction Supply Chain Design Software 60

Intelligent Audit

APRIL 25, 2022

Freight audit data has long been a critical pillar for shippers dealing with domestic and international parcel shipping. Understanding freight charges comes naturally with a firm grasp of standard terms that often come up during shipping. Auditing services offer freight insights in the following ways: All-in-one source for information.

Freight 52

Freight Optimal Sourcing Predictive Analytics Expense Reduction 52

EC Sourcing Group

MARCH 12, 2023

Identify your data sources that can help identify supplier performance. It could also be an incorrect purchase order, shipping number, billing address, date, and so on. COST AND PRICING : Organizations typically want the supplier who provides the lowest cost for goods.

Procurement Analytics 52

Procurement Analytics Purchasing Skills Procurement Solutions Supply Chain Planning Software 52

SupplyPike

AUGUST 20, 2019

This is where dynamic year-over-year tools like those provided by SupplyPike’s Sales Comparison come in handy. It allows comparison of ranges that are not year-over-year equivalents. Ships and Sales. Ship data can also help contextualize Walmart sales analytics. This created the need for a large shipment in week 26.

Analytics Software 53

Analytics Software Analytics Supply Chain Planning Software Metrics 53

Intelligent Audit

APRIL 13, 2021

One critical but often overlooked component of successful shipping and logistics management remains freight audit and payment processes. Following a few recommended best practices makes managing shipping costs easier. Having the same set of data points and information to reference helps ensure fair and precise comparisons.

Vendor Strategies 59

Vendor Strategies Optimal Sourcing Supply Chain Planning Software Analytics Software 59