Precoro

MAY 19, 2023

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 68

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 68

Silvon Software

JULY 22, 2022

Fortunately, applying metrics to multi-source operational information that’s stored and managed in a data hubs greatly minimizes these issues. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market. Our Top 24 Supply Chain KPIs & Metrics.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

Kinaxis

DECEMBER 3, 2014

Reason #6 Not effectively managing inventory. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Yet, these are similar instructions as what is passed down to the supply chain from executives focused on a specific supply chain metric. There can be multiple reasons.

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

RFgen

JULY 31, 2024

Inventory and warehouse performance are powerful, often underappreciated, tools for boosting customer satisfaction and increasing profitability. Effective inventory and warehouse management directly impact a business’s ability to meet customer expectations by ensuring timely deliveries, accurate order fulfillment, and reduced errors.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Supply Chain Planning Software Optimization Software 72

Logistics Viewpoints

FEBRUARY 2, 2024

And now on to this week’s logistics news. percent year-on-year decline in cargo ton miles to 1.8bn, although this metric increased by 9.5 The post This Week in Logistics News (January 27 – February 2) appeared first on Logistics Viewpoints. But as of today, Punxsutawney Phil is calling for an early spring.

Cost Reduction Strategies 267

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 267

Logistics Viewpoints

JUNE 1, 2021

Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand.

Inventory Management Software 211

Inventory Management Software Supply Chain Planning Software Inventory Management Optimal Sourcing 211

The Logistics of Logistics

OCTOBER 29, 2024

Josh is the Co-Founder of Launch Fulfillment, LaunchPath Logistics, and RocketFuel Parcel Recharge. About Josh Beatty Joshua Beatty is the Co-Founder of Launch Fulfillment, LaunchPath Logistics, and RocketFuel Parcel Recharge. is a leading e-commerce logistics provider specializing in premium fulfillment services.

Logistics Network Optimization Software 187

Logistics Network Optimization Software United Kingdom Supply Chain Software 3PL 187

Logility

FEBRUARY 23, 2021

Logility is working with a leader in the distribution and logistics space that provides delivery to auto dealers for the dealers’ parts and services business. Logistical Challenges. With 10 distribution centers, each with over 100 routes, and each route with over 15 stops, this posed a significant logistics problem.

Inventory Reduction 134

Inventory Reduction Inventory Logility Logistics Network Optimization Software 134

SCMDOJO

MAY 30, 2024

The logistics department is the unsung hero of the modern world, ensuring products reach their destination promptly and securely. In this article, we will provide an insightful breakdown of the logistics department and the various professionals that make up this crucial team. Intrigued by the logistics department?

Optimal Sourcing 98

Optimal Sourcing Pricing Training Logistics Network Optimization Software Inventory Reduction 98

SCMDOJO

OCTOBER 23, 2024

When building a business multiple factors need to be considered—cost, logistics, manpower, operations, packaging, seasonality, and more! However, the main pin-point that drives all the factors is inventory/ stocks. How much stock/ Inventory do we need? How much inventory do we need in the off-season and the high season?

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Forecasting Software 52

GlobalTranz

FEBRUARY 25, 2021

What is reverse Logistics? Before we dive in the nuances of reverse logistics, otherwise known as return logistics, integration, let's briefly recap what reverse logistics is. Reverse logistics refers to all operations related to the reuse of products and materials. Managing return logistic can be challenging.

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 66

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 66

GlobalTranz

APRIL 25, 2016

3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Cost reduction is still very important.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Unleashed

MARCH 9, 2021

This is often managed with the help of supplier management software or inventory management software. For example, industries like transportation and logistics, technology or consumer goods will focus more on supplier collaboration. That’s where Procurement Metrics and Key Performance Indicators (KPIs) come into play.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Logistics Viewpoints

OCTOBER 14, 2024

Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. You set a target inventory level. That’s an action.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Planning Procurement Analytics Scenario Planning 238

Enchange Supply Chain Consultancy

JULY 3, 2024

Ensure they have the necessary inventory, marketing materials, and training to effectively introduce your products to the market. Internal Perspective: Performance Monitoring: KPIs and Metrics: Establish key performance indicators (KPIs) to monitor distributor performance. Supply Chain Integration.

Inventory Reduction 204

Inventory Reduction Supply Chain Planning Software Material Savings Price Mitigation Strategies 204

Supply Chain Shaman

NOVEMBER 21, 2023

Fred owned logistics and customer service for the organization. Dan had a very manufacturing view and Fred focused on logistics. In contrast, Fred’s bonus was on logistics costs, so he was constantly rebidding lanes and bringing in new carriers. In the early 1980s, As a result, we did not have a perpetual inventory signal.

Supply Chain Planning Software 342

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 342

ModusLink Corporation

SEPTEMBER 7, 2023

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. It involves receiving, tracking, and efficiently storing these products.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. They represent distinct facets of the broader logistics and operations landscape.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

ModusLink Corporation

SEPTEMBER 7, 2023

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. They represent distinct facets of the broader logistics and operations landscape.

Inventory Management Software 78

Inventory Management Software Inventory Reduction Optimal Sourcing Inventory Management 78

BlueYonder

OCTOBER 21, 2024

This blog has been adapted from a talk given at the Leaders in Logistics: Last Mile event. In logistics, this principle of reducing uncertainty is still underutilized. The low-tech approach to combat inventory uncertainty is by simply over-investing in inventory.

Supply Chain Planning Software 77

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Waste Reduction 77

Locus

MAY 20, 2024

As retailers prepare to navigate this vast sea of potential sales, understanding the intricate world of logistics becomes imperative to streamline operations and enhance efficiency. In a way, this model is a win-win as it saves return logistics costs for retail businesses. Impact of Mega Distribution Centers in Logistics 8.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies Retail 98

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. For the purpose of this article, I will use Return on Invested Capital (ROIC) as the proxy metric to discuss asset utilization.) Understanding this relationship requires modeling. (A A Case Study.

Procurement Analytics 341

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 341

SCMDOJO

MARCH 8, 2024

In the world of business, managing inventory efficiently can make all the difference between success and struggle. Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. Read more on Optimizing Inventory and Lead Time Management on our website SCMDOJO!

Inventory Reduction 98

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 98

Logistics Viewpoints

MARCH 31, 2022

Already upended for two years by the COVID-19 pandemic, the worldwide logistics industry is facing new challenges. If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges.

Logistics Network Optimization Software 237

Logistics Network Optimization Software Supply Chain Planning Software Predictive Analytics Software Supply Chain Network Software 237

GlobalTranz

OCTOBER 2, 2017

Understanding last mile logistics is only half the battle. Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points.

Inventory Reduction 363

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

SCMDOJO

AUGUST 10, 2024

This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. Logistical Efficiency in Sourcing, Distribution, and Delivery Local Sourcing: While offering potential environmental benefits, local sourcing introduces complexities like smaller vehicle sizes and less-than-full loads.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Strategies Resource Reduction Inventory Reduction 98

SCMDOJO

NOVEMBER 9, 2023

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

Inventory Reduction 105

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 105

SCMDOJO

JUNE 11, 2024

Are you ready to excel in logistics management? The SCMDOJO Logistics Management Track is your ultimate logistics training pathway. It’s designed to equip you with the skills and knowledge needed to thrive in the logistics industry. Visit Website to Read Full Program Why SCMDOJO Logistics Track is Unique?

Buyer Training 97

Buyer Training Price Mitigation Strategies Training Logistics Network Optimization Software 97

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. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. What is a retail KPI?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Explore our live inventory calculators and formulas page. In this article on inventory performance measures.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

GlobalTranz

JULY 20, 2015

While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts, materials and products from the consumer back to the producer. BONUS: Download the Ultimate Guide to Transportation Reverse Logistics White Paper.

Reverse Logistics 120

Reverse Logistics Supply Chain Planning Software Supply Chain Network Software Optimization Software 120

SCMDOJO

MAY 30, 2024

The logistics department is the unsung hero of the modern world, ensuring products reach their destination promptly and securely. But what does the logistics department structure look like? What are the key roles and responsibilities of the logistics department? Intrigued by the logistics department?

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Pricing Training Inventory Reduction 52

Stord

APRIL 24, 2024

Love it or fear it, Artificial Intelligence appears to be the new normal in everything, including supply chain and logistics operations. From improved customer experience to greater inventory planning and forecasting, AI promises to make all of our lives easier and reduce those all-too-common supply chain headaches.

Supply Chain Planning Software 88

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Predictive Analytics Software 88

Logistics Viewpoints

OCTOBER 7, 2022

For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. While this is not exactly the best news to hear, it’s time to move on to this week’s logistics news. Walmart in the news: Walmart, suppliers continue sustainability collaboration.

Logistics Network Optimization Software 205

Logistics Network Optimization Software Real Estate New York Logistics 205

Logistics Viewpoints

JULY 23, 2024

Collaborate across departments: Engage stakeholders from different departments within the organization – not just supply chain management including logistics and procurement but sales, marketing, and finance. appeared first on Logistics Viewpoints. ERP, CRM, SCM), external sources (e.g., sensors, RFID tags).

Optimal Sourcing 269

Optimal Sourcing Agile and Lean Supply Chain Supply Chain Software Modeling 269