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Bill Catania and Joe Lynch discuss OneRail’s winning strategy for final mile. By optimizing fulfillment processes, reducingcosts and improving order accuracy, OneRail is committed to empowering clients and improving the customer experience. To learn more about OneRail, visit OneRail.com.
This oversight can lead to hidden costs that not only erode your profits but also jeopardize your customer loyalty. The Hidden Costs of Inaction The Financial Drain of Stockouts: If you think stockouts are merely an inconvenience, think again. Is that really the cost of doing business you’re willing to accept?
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For supply chain and procurement pros, costreduction is a top priority today. This timely new paper from GEP explores powerful and effective digital levers that can help you to slash costs and create more value for the business. Read it now.
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Reduces Implementation Times Enterprises and supply chain software providers strive to reduce application implementation times. This can be achieved through low-code and self-service access, making formerly siloed data accessible to business users and data stewards, faster and with less overhead, eliminating reliance on developers.
This integrated approach enables Summit to reduce idle time and fuel wastage, aligning with its goal of net-zero emissions by 2050. ORION has proven essential in reducing travel distances, as well as cutting down on greenhouse gas emissions associated with unnecessary mileage.
The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations?
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Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively. This optimal inventory positioning leads to increased customer satisfaction, reduced downtime for clients, and improved brand reputation.
Your Aftermarket Supply Chain is More Complex Than You Think: Stop Guessing, Start Optimizing Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Reduced spare parts inventory by 30% while maintaining optimal availability. Lack of service-level differentiation.
Traditional forecasting methods often fail under high variability, leading to excess costs, stockouts, and obsolescence. To help you stay ahead, here are four strategies that supply chains leaders are using to win at demand forecasting. Download our free guide: 5 Critical Demand Forecasting Strategies You Cant Afford to Ignore 4.
From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology.
Traditional forecasting methods often fail under high variability, leading to excess costs, stockouts, and obsolescence. To help you stay ahead, here are four strategies that supply chains leaders are using to win at demand forecasting. Download our free guide: 5 Critical Demand Forecasting Strategies You Cant Afford to Ignore 4.
But businesses that get inventory optimization right can boost service levels by 3-5% while reducing overall inventory by 15-30%. Doesnt reducing inventory hurt service levels? This allows companies to achieve higher service levels for critical products while reducing excess inventory for slow-moving items. Wait, what?
Given the many aspects of retail operations outside a business’ control—from supply chain disruptions and labor shortages to inflation and interest rates impacting both operational costs and customer behavior—the fulfillment challenge this peak holiday season is acute.
That is why optimizing inventory and reducing obsolescence is a necessity. Such as: Real-time visibility into stock levels Visibility of stock location and movement When accurate and up-to-date information on the product quantity is available to a particular firm, it dramatically helps a company’s growth and reduces obsolescence.
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This team controls what’s bought, from where, and at what cost for the entire organization. These benefits aren’t just about lower prices; they’re also about reducing transportation and inventory costs, which can really add up over time. They also continuously track supplier performance.
Functional Metrics and the Lack of Alignment to Strategy. Few companies are clear on the number of supply chains they operate, design the rhythms and cycles of each, and align metrics to the strategy. Most focus on costreduction, assuming that functional cost translates to operating margin. Clarity on Value.
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