Supply Chain Shaman

JANUARY 21, 2014

In companies, there is no standard model for demand processes. New forms of analytics make new capabilities possible. Let’s start with these: Demand Sensing: The reduction of time to sense purchase and channel takeaway. For the purchase of Tide at Walmart to translate to an order at P&G, the time is 5-7 days.

Supply and Demand 327

Supply and Demand Modeling Demand Planning Software Forecasting 327

GlobalTranz

APRIL 25, 2016

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. 10 Soft Metric Considerations in Measuring Supply Chain Performance.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

GlobalTranz

SEPTEMBER 12, 2018

To achieve lasting success, shippers need to understand how e-commerce shipping strategies are quintessential steps in this process. An Effective E-Commerce Shipping Strategy Mitigates Losses From the “Retail Apocalypse.” This is the making of an effective e-commerce shipping strategy. GET YOUR COPY HERE. Download White Paper.

Resource Reduction 182

Resource Reduction Cost Reduction Strategies Price Reduction Supply Chain Strategy 182

Supply Chain Shaman

JANUARY 31, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation. Less Collaborative.

Procurement Analytics 221

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 221

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport. Advanced and predictive analytics. Artificial Intelligence AND Machine Learning.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

GlobalTranz

DECEMBER 29, 2014

If the product is defective, the customer would return the product. The manufacturing firm would then have to organise shipping of the defective product, testing the product, dismantling, repairing, recycling or disposing the product. Any process or management after the sale of the product involves reverse logistics.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

GlobalTranz

JUNE 30, 2017

Customers can place orders online, by phone, in person and in nearly any other means desirable. Unfortunately, this means manufacturers face an even greater challenge, as more customers translate into greater use of customer service. In addition, customers are continuing to demand lower prices and free shipping.

Manufacturing Procurement 205

Manufacturing Procurement Manufacturing Procurement Analytics Price Reduction 205

Supply Chain Shaman

JULY 29, 2013

We have been taught, as supply chain leaders, that over the last decade supply chain processes have improved costs, shortened cycle times, improved customer service and decreased inventory. Which supply chain metrics correlate to market capitalization by Morningstar sector? Experiment with these new forms of analytics.

Supply Chain Planning Software 287

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 287

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. 84% of buyers read the return policy before making an online purchase.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Supply Chain Shaman

NOVEMBER 21, 2022

There is no magic ball on design: the organization’s reporting structures vary by culture and size. As shown in Figure 1, the reporting relationships vary. Supply Chain Reporting Structures. Why are orders not shipped on time? For each issue in the customer service analysis ask, “When did we know?

Supply Chain Planning Software 299

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 299

Logistics Viewpoints

OCTOBER 19, 2023

By the end of the year, I realized that the arrival window was merely being postponed automatically and repeatedly at the same cadence, so I called customer service. The distribution center (DC) hadn’t released the order, but customer service didn’t have access to the right systems to see exactly what was wrong.

Supply Chain Planning Software 263

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 263

Supply Chain Shaman

FEBRUARY 7, 2022

Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. Source E2open Shipping Index). Focus on Cost. The Chief Financial Officer gained more presence with procurement and IT reporting to finance. A Decline in Innovation. Less Collaborative.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Logistics Viewpoints

OCTOBER 2, 2023

The company’s customers report that the ETAs provided by these FourKites are more accurate, timely and easier to access than those provided by carriers. And at last week’s FourKites Visibility user conference, the tech pioneer reported investment in a different form of artificial intelligence, Generative AI.

Real-time Visibility 256

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 256

Supply Chain Shaman

APRIL 16, 2024

For me, the concepts of outside-in and self-service planning are intertwined. Let’s start with definitions: Self Service Planning: Decision support technologies designed for business leaders to use analytic techniques on a collaborative platform to improve business planning. Requires advanced modeling techniques.

Supply Chain Planning Software 221

Supply Chain Planning Software Supply Chain Design Software How To Modeling 221

GlobalTranz

OCTOBER 11, 2018

According to Randy Strang of Supply Chain 24/7, a survey of the most important parts of a shopping experience found customers’ expectations are more than meets the eye. Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone.

Inventory Reduction 186

Inventory Reduction Price Reduction Cost Reduction Strategies Supply Chain Strategy 186

Supply Chain Shaman

DECEMBER 7, 2023

The ability of an organization to deliver reliable and consistent results for revenue, margin, customer service, and quality in the face of demand and supply variability. For example, change the business models so that Ariba must interoperate with GT Nexus, E2Open with Elemica, MPO (Kinaxis) with Nulogy, etc.

Supply Chain Design Software 316

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 316

QAD

JULY 1, 2021

Here’s a formula to calculate your total direct materials costs: Beginning Inventory + Added Purchases – Ending Inventory = Total Direct Materials Costs. Direct labor is simply the costs associated with paying people to create the product. Where can I improve processes or purchasing to wisely cut costs or time?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Cost Reduction Strategies Purchasing Skills 98

GlobalTranz

FEBRUARY 19, 2016

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?

Manufacturing Procurement 120

Manufacturing Procurement Procurement Analytics Optimal Sourcing Procurement Solutions 120

GlobalTranz

AUGUST 7, 2015

However, as the importance of big data analytics is realized companies are beginning to realize that it is not only worth the investment but vital toward remaining competitive. There are several direct and indirect benefits to using big data analytics for your supply chain. Immediate Benefits of Big Data Analytics.

Big Data 120

Big Data Analytics Software Predictive Analytics Procurement Analytics 120

GlobalTranz

OCTOBER 2, 2018

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. This is due to the higher rate of returns associated with e-commerce purchases.

Logistics Network Optimization Software 198

Logistics Network Optimization Software Material Savings Vendor Strategies Cost Reduction Strategies 198

Supply Chain Shaman

MARCH 12, 2019

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance. Visibility Maturity Model.

Prescriptive Analytics Software 177

Prescriptive Analytics Software Manufacturing Procurement Procurement Analytics Analytics Software 177

GlobalTranz

SEPTEMBER 28, 2018

In omnichannel supply chains, orders come in from all directions, including in-store orders, replenishment for existing stores, e-commerce orders, and even the occasional customer service-assisted orders. Expanded shipping options, such as click and collect delivery options, as explained by Olivia Riant of Generix Group.

Omnichannel 206

Omnichannel Warehousing Optimization Software Procurement Solutions 206

Silvon Software

SEPTEMBER 28, 2023

Silvon has noticed over the past several years that a shift towards a modern data hub architecture to support enterprise analytics and reporting has been driven by a number of key business drivers. Once integrated, the data is made “analytics ready” and securely available to users.

Procurement Analytics 105

Procurement Analytics Report Data Optimal Sourcing 105

Freightos

AUGUST 10, 2024

Amidst this boom, some veterans of the AI industry question whether this cycle will be different, especially as some corporate entities report disappointing returns on their initial investments. It’s been about two years since OpenAI publicly released ChatGPT.

Logistics Network Optimization Software 257

Logistics Network Optimization Software Modeling Software Supply Chain Planning Software Negotiating Skills 257

ToolsGroup

FEBRUARY 9, 2022

While some orders still delight, a few recent purchases have left me faltering when it comes to your customer experience. Breaking it down, the three sources of the price increase appear to be 1) labor costs, 2) transportation (shipping) fees, and 3) member benefits – aka, content. Shipping and Transportation Costs.

Purchasing Skills 296

Purchasing Skills Price Reduction Retail Supply Chain Planning Software 296

Logistics Viewpoints

FEBRUARY 28, 2023

So, if an organization has multiple inventory sources (warehouses, stores, drop shipping, Fulfillment by Amazon (FBA), etc.) So, if an organization has multiple inventory sources (warehouses, stores, drop shipping, Fulfillment by Amazon (FBA), etc.) Need diapers delivered overnight? No problem.

Optimal Sourcing 227

Optimal Sourcing Sourcing Strategies Inventory Reduction Vendor Strategies 227

Freightos

OCTOBER 26, 2020

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. The free report is available in PDF with supporting spreadsheets and high-resolution infographics here. The Post-2016 Strategy: End-to-end Shipping. The latter would be spun off or sold.

Logistics Network Optimization Software 312

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Price Reduction 312

Enterra Insights

NOVEMBER 26, 2019

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball.

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Procurement Analytics 100

Supply Chain Shaman

OCTOBER 8, 2019

The number one question that I am asked today by manufacturers across all industries is “How can I improve customer service?” Nine times out of ten improving customer service requires different management of the budget cycle and a rethinking of financial planning. Background. Time horizon. Bias and error. The reason why?

Supply Chain Design Software 189

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

Enterra Insights

NOVEMBER 4, 2020

Even before the coronavirus pandemic closed physical stores and forced consumers online, they were journeying on the digital path to purchase in increasing numbers. “Customers are increasing their appetite for omnichannel commerce as the pandemic continues,” writes journalist Jacqueline Barba ( @JackieBarba1 ). ”[2].

Procurement Analytics 100

Procurement Analytics Purchasing Skills Procurement Solutions Analytics Software 100

Logistics Viewpoints

JUNE 23, 2022

E-commerce continues to grow yearly and it’s estimated that it will make up 30% of retail purchasing by 2024. Last-mile delivery accounts for 53% of overall shipping costs. Amazon ships approximately 1.6 Previously, e-commerce retailers would deliver a package at a consumer’s home and the transaction would be complete.

Logistics Network Optimization Software 236

Logistics Network Optimization Software Supply Chain Network Software Optimization Software Pricing Training 236

GlobalTranz

FEBRUARY 6, 2017

Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Meanwhile, Lowe’s has created the LoweBot , which boosts customer service, explains Dan Gilmore of Supply Chain Digest. Meanwhile, Lowe’s has created the LoweBot , which boosts customer service, explains Dan Gilmore of Supply Chain Digest.

Supply Chain Planning Software 120

Supply Chain Planning Software Procurement Analytics Manufacturing Procurement Trends 120

GlobalTranz

APRIL 26, 2018

Managing parcels for outbound shipping represents only a portion of a shipper’s overall logistics strategy. billion with FedEx’s purchase of GENCO Distribution System Inc., reports the United States Postal Service Office of Inspector General. billion with FedEx’s purchase of GENCO Distribution System Inc.,

Reverse Logistics 150

Reverse Logistics Logistics Network Optimization Software Logistics Cost Reduction Strategies 150

GlobalTranz

OCTOBER 16, 2018

E-commerce is growing faster than ever, and more consumers are leveraging online platforms in making purchasing decisions. In fact, two-thirds of consumer shopping journeys include internet research, reports McKinsey & Company , as well as word-of-mouth recommendations and past experiences.

Logistics Network Optimization Software 161

Logistics Network Optimization Software Inventory Management Software Analytics Software Supply Chain Software 161

GlobalTranz

MAY 26, 2017

With the rise of Amazon, consumers have also been able to access an endless product array at historic, record-low shipping costs. However, the continued increasing demands of consumers are driving a shift away from process improvement to customer-focused logistics, and you need to understand how this will impact your operation.

Cost Reduction Strategies 166

Cost Reduction Strategies Logistics Network Optimization Software Expense Reduction Negotiating Skills 166

GlobalTranz

OCTOBER 2, 2017

One of the first problems with creating a last mile logistics strategy is cost. According to Mitchell’s NY , last mile logistics is seen as the least efficient leg of shipping, and it accounts for up to 20 percent of the total shipping cost of a product. Be Consumer-Centric. Measure Performance.

Inventory Reduction 363

Inventory Reduction Cost Reduction Strategies Logistics Network Optimization Software Supply Chain Strategy 363