ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

ToolsGroup

NOVEMBER 23, 2021

7 practical strategies to minimize risk and manage supply chain shortages. The following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain. Use analytics to put your available inventory to the best use. Get your product portfolio in shape.

Supply Chain Planning Software 291

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 291

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. The coronavirus disruptions highlighted the stressed nature of lean and just-in-time inventories.

Supply Chain Planning Software 288

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design Software Sourcing Strategies 288

Logistics Viewpoints

MARCH 25, 2021

Global trade regulations and conflicts, as well as tariff threats as a political tool, could cut off sources and markets and push your business plan into the red. Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed.

Supply Chain Planning Software 325

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 325

Freightos

JANUARY 15, 2024

It may be off a lower-than-normal base price but for importers and exporters suffering from lower sales, it’s almost certainly troubling news. The decrease in logistics costs led 35% of importers to lower their product prices, possibly contributing to the easing of inflation rates. Most of these are nearly impossible to plan for.

Negotiating Skills 317

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction Strategies 317

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 94

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 94

Freightos

JUNE 15, 2021

You’ve seen the Suez Canal memes, you know furniture is taking way longer than usual to get to your door, and you may have even heard about Pelotons shipped by air to reduce delivery times. While the cure for COVID is well on its way, there is no vaccine for what’s afflicting container shipping. Credit: Lufthansa ).

Global 411

Global Supply Chain Price Reduction Supply and Demand 411

Freightos

JULY 24, 2024

Early Peak Season Shipping and Its Implications The survey revealed that nearly half (46%) of small and medium-sized business (SMB) shippers began increasing their importing activity earlier than usual, starting in May and June instead of the typical July. The survey aimed to explore the impact of these changes on their operations.

Price Reduction 308

Price Reduction Supply Chain Strategy Cost Reduction Strategies Resource Reduction 308

Logistics Viewpoints

JANUARY 12, 2024

In 2023, Amazon experimented with new logistics strategies and technologies to quickly fulfill and deliver orders, and these changes paid off big. Amazon shipped last-minute Christmas gifts faster in 2023 than in 2022, according to data from analyst firm Momentum Commerce. products on the platform warned it would ship after Christmas.

Logistics Network Optimization Software 291

Logistics Network Optimization Software Price Reduction Inventory Reduction Resource Reduction 291

Logistics Viewpoints

MAY 10, 2021

Following their fourth quarter results, top executives talked about their supply chain and omnichannel strategy at a high level. This new infrastructure will allow the retailer to expand ecommerce assortment while reducing both shipping time and cost. But there is tension between price leadership and service.

Supply Chain Planning Software 259

Supply Chain Planning Software Supply Chain Software Supply Chain Transformation Inventory Reduction 259

Freightos

SEPTEMBER 8, 2020

Shipping containers are like scotch. . Just take a look at pricing fluctuations for Suntory’s Yamazaki 12 Year Old. But decisions about how many barrels to produce or how many ships to sail have to be made in advance. And if not, why have prices been skyrocketing when demand is not? Is ocean freight pricing broken?

Purchasing Skills 218

Purchasing Skills Price Reduction Freight Supply Chain Software 218

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Just take a look at pricing fluctuations for Suntory’s Yamazaki 12 Year Old. But decisions about how many barrels to produce or how many ships to sail have to be made in advance. Their “overperformance” quickly prompted accusations of profiteering or price manipulation, and even a couple government inquiries. Enter COVID-19.

Purchasing Skills 217

Purchasing Skills Price Reduction Freight Supply Chain Software 217

Logility

AUGUST 4, 2022

Your ship’s come in! Much of the merchandise languishing aboard cargo ships stuck in ports around the world during the pandemic-fueled supply chain crisis has made it to store shelves. One example: egg prices are up 56% , according to the Department of Agriculture, driven up by drought, a bird flu epidemic and the war in Ukraine.

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

Logility

NOVEMBER 13, 2020

Causal f orecasting resides between mid- and long-range planning (typically the realm of time-series planning methods) and extremely short-term Demand Sensing technology (“What should I ship today?”). . As such, c ausal f orecasting is much more than basing inventory positions and replenishment schedules on shipment data.

Forecasting 246

Forecasting Forecasting Software Supply Chain Planning Software Price Reduction 246

Logistics Viewpoints

DECEMBER 14, 2022

This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. As a result, inventory managers have to explore new ways to cope with full warehouses. Unconventional solutions to excess inventory challenges. The answer goes beyond standard inventory management.

Inventory Management Software 223

Inventory Management Software Inventory Management Inventory Reduction Inventory 223

Supply Chain Shaman

NOVEMBER 15, 2021

Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Inventories in the chemical industry are at record lows: a forerunner of bad days ahead.

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Supply and Demand 285

ToolsGroup

JULY 13, 2023

Trying to manage an effective ship-from-store program only exasperates this issue. A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers.

Optimal Sourcing 291

Optimal Sourcing ToolsGroup Optimization Software Network Optimization 291

Logistics Viewpoints

DECEMBER 7, 2021

Just two days before Thanksgiving, FreightWaves reported an “all-time-high 93 ships” were waiting there. Even if much of their sought-after inventory remains stuck at sea, merchants still need to move products that are available, and this brings its own set of relentless challenges. They face higher costs.

Capacity 221

Capacity Price Reduction Cost Reduction Strategies Inventory Reduction 221

BlueYonder

AUGUST 20, 2024

Unfortunately, the pressure to meet demand often leads to reactive strategies that can damage brand reputation and bottom line. Retailers must ensure that product information, pricing, inventory levels, and returns processes are consistent across all platforms.

Sourcing Strategies 114

Sourcing Strategies Inventory Reduction Price Reduction Cost Reduction Strategies 114

Logistics Viewpoints

JUNE 30, 2022

With our supply chains clogged and retail inventories piling up, we have a situation wherein the huge imbalances between demand and supply at the product mix level can have an adverse impact on product availability for B2B and B2C companies alike, especially as we start heading to the holiday season. Not really. in October 2021. A ratio of 1.5

Supply Chain Planning Software 253

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

GlobalTranz

MARCH 17, 2022

The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. GlobalTranz works with manufacturing shippers every day to move their goods and streamline their logistics strategies. Supply Chain Management and Maintaining Inventory.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Inventory Management Software Inventory Reduction 247

Logistics Viewpoints

APRIL 22, 2021

alternate sourcing strategies), while others are potentially negative (e.g. I often say “speed in the new cheap” but there is a price to pay for that speed, and that price is often paid by the environment without us being aware. From that perspective some changes have been clearly positive (e.g.

Supply Chain Disruption 339

Supply Chain Disruption Supply Chain Planning Software Supply Chain Software Sustainability 339

ToolsGroup

JANUARY 6, 2022

Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. Covid has increased the amount of time it takes for foreign imports to reach us, and has significantly raised the price of importing products. Lesson #1: Global supply chain challenges have businesses turning to local suppliers.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 290

Clear Spider

JULY 11, 2023

The right inventory management software will show you how to streamline fulfillment and, as a result, the shopping experience. Ultimately, getting a head start is an important consumer strategy that businesses should be aware of. As prices continue to rise, brand loyalty gets harder to find. What’s Trending?

Inventory Reduction 97

Inventory Reduction Vendor Strategies Expense Reduction Price Reduction 97

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Centralized information eliminates data silos and strengthens information sharing through real-time communication (instead of point-to-point data transmission). IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain.

Supply Chain Planning Software 298

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

Logistics Viewpoints

MAY 26, 2023

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. And now on to this week’s logistics news. general merchandise stores expanded 1.2 across the EU, and in China.

Negotiating Skills 233

Negotiating Skills Pricing Training Jordan Purchasing Training 233

Logistics Viewpoints

AUGUST 5, 2021

I was drawn to Hunter and Amory Lovins, who advocated a strategy pairing energy efficiency with renewables, long before its current popularity. Similarly, UPS has strong commitments to sustainability and invests in many options, such as alternative fuel vehicles, e-cycles in dense cities, and carbon offsets for purchase with shipping.

Supply Chain Planning Software 317

Supply Chain Planning Software Sustainability Material Savings Supply Chain Planning 317

Unleashed

JANUARY 25, 2023

In fact, in the UK alone average inventory values jumped nearly 100% from 2019-2022 , while gross margin return on investment (GMROI) dropped 76%. In these tricky times, smart cash flow management strategies are essential to bring down costs (or push profits) in controllable areas, offsetting international instability.

Material Savings 98

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 98

Logistics Viewpoints

JANUARY 26, 2021

Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. According to a Forbes article, BD managed a number of disruptions seamlessly , including a rudder problem with a cargo ship that resulted in 28 BD containers being thrown overboard.

Agile and Lean Supply Chain 286

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Supply Chain Strategy 286

The Logistics of Logistics

JULY 12, 2023

He has a track record of driving significant growth, savings, and exceptional service through the development and execution of effective strategies. Davinci’s MFC locations are strategically located throughout the US and sized to minimize lead-time (same day to 1-2 days shipping time to consumers) and cost.

Negotiating Skills 217

Negotiating Skills Purchasing Skills Network Optimization Software Logistics Network Optimization Software 217

The Logistics & Supply Chain Management Society

APRIL 26, 2022

With the crisis in Ukraine and sanctions imposed on the Russian Federation, fuel and energy prices are now soaring. The delays are attributed to supply chain issues at every stage – from the time of booking transport to gate in at the port as well as ocean transit time of shipping containers. GLOBAL CRISES DRIVE PRICES SKY-HIGH.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

Logistics Viewpoints

DECEMBER 6, 2022

The continued growth in e-commerce retail sales has been largely driven by factors such as convenience, product selection and lower prices. The process is inefficient and unpredictable, and leaves retailers with used inventory that oftentimes cannot be resold. Who pays the price? The Dirty Secret of E-Commerce.

Reverse Logistics 251

Reverse Logistics Purchasing Skills Price Reduction Logistics Network Optimization Software 251

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

RPA can automate critical yet repetitive processes, driving increased efficiency, error reduction and faster throughput. This reduces costs, errors, and inefficiencies. With RPA, purchase orders can be processed through automated criteria such as pricing, quantity, and regularity of purchase. Inventory Management.

Supply Chain Software 246

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

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. One day, a product is flying off the shelves, and the next, it’s gathering dust.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 223

Logistics Viewpoints

FEBRUARY 25, 2022

I thought I understood all the major supply chain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy beyond Covid-19. Oil Prices Jump. The Potential Impact on the Electricity Prices. Russia Attacks Ukraine. The Threat of Cyberwar.

Price Reduction 234

Price Reduction Ukraine Russia Logistics Network Optimization Software 234

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Freightos

FEBRUARY 28, 2022

But they ran into a pricing challenge; consumers hate price changes (at least, price increases) and like most commodities, the cost of chicken changes. They drew a blank when looking for a chicken farmer that would commit to a fixed price. No fixed chicken price, no fixed Chicken McNugget price, which meant no McNuggets.

Negotiating Skills 177

Negotiating Skills Shipping Price Reduction Supply Chain Planning 177