GlobalTranz

OCTOBER 13, 2017

Among millennials, consumers are willing to pay a premium up to 30-percent more for same-day delivery, reports McKinsey & Company , with an overwhelming majority willing to pay extra for guaranteed delivery, as shown below: Paired with the sudden spike in parcel delivery, last mile delivery will continue to grow 10-percent annually.

Logistics Network Optimization Software 204

Logistics Network Optimization Software Trends Procurement Analytics Logistics 204

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. CEVA Logistics and other Eco-Skies Alliance leaders will work with United Airlines to collectively purchase approximately 3.4 MORE FROM THIS EDITION.

Supply Chain Planning Software 242

Supply Chain Planning Software Resource Reduction Global Supply Chain Software 242

GlobalTranz

DECEMBER 30, 2014

Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? To add insult to injury, they also rarely have reporting mechanisms to properly monitor those expenses.

Logistics Network Optimization Software 232

Logistics Network Optimization Software Expense Reduction Supply Chain Planning Software Modeling Software 232

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

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

SEPTEMBER 19, 2017

Penny Co, reports William B. Yet, more bulky items are moving from traditional retail to consumer direct shipping models, and consumers want speed and visibility in every stage. . Better route optimization technologies can also help reduce woes over last mile capacity, while cutting last mile costs. .

Logistics Network Optimization Software 250

Logistics Network Optimization Software Cost Reduction Strategies Transportation Purchasing Skills 250

GlobalTranz

MAY 2, 2017

Meanwhile, failure to notify consumers about out-of-stock items during purchase could result in the permanent loss of a customer. Nothing is more frustrating than ordering an item only to discover that it will not ship for weeks afterward. Cloud-Based Inventory Management Systems Give Customers Access to Your Company’s Whole Stock.

Inventory Management Software 120

Inventory Management Software Inventory Reduction Inventory Management Procurement Analytics 120

GlobalTranz

JULY 10, 2015

On June 23, 2015, the Council of Supply Chain Management Professionals ( CSCMP ) released the “State of Logistics Report,” which happens to be in its 26 th year. For members of the CSCMP , the cost of the report is free, but it stands out at $295.00 for everyone else. Growth in Logistics. percent last year. Managing Capacity.

Procurement Analytics 120

Procurement Analytics Report Logistics Cost Reduction Strategies 120

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

GlobalTranz

FEBRUARY 6, 2017

Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. Robotics Will Grow More Versatile.

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

SEPTEMBER 8, 2015

We will focus primarily on LTL shipping, but some of these areas can be applied to other modes of over the road shipping. As more organizations supply chain grow more complex, the need for additional shipping options will grow. Shipping freight inherently comes with a large amount data. Data Capture.

Expense Reduction 120

Expense Reduction Cost Reduction Strategies Shipping Supply Chain Planning Software 120

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. How to Begin Your Terms.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

GlobalTranz

AUGUST 25, 2017

They are in charge of making sure that any inventory shipping in and out of the department is handled with care and delivered in a timely fashion without unforeseen budgetary expenditures. Reports to upper management. They manage the purchasing of inventory and supplies, as well as other materials. Transportation Manager.

Material Savings 76

Material Savings Inventory Reduction Transportation Optimal Sourcing 76

GlobalTranz

DECEMBER 19, 2017

The capacity crunch is starting to take hold of the shipping industry. For instance, shippers using lanes in Hurricane-affected regions may want to consider outsourcing shipping to a non-affected carrier that has more availability than local carriers. Expand Your Carrier Options. Optimize Routes, and Consolidate Freight Where Possible.

Capacity 186

Capacity Optimization Software Logistics Network Optimization Software Supply Chain Network Software 186

GlobalTranz

JULY 19, 2016

percent annually, reports Jeffrey B. It stands to reason that compliance requirements , such as the EDI 856 Advanced Shipping Notice, will continue to become more important. Use Metrics to Track Progress and Order Fulfillment Processes. Each of these metrics relates directly to consumer promises, such as free two-day shipping.

Warehousing 120

Warehousing Procurement Analytics Cost Reduction Strategies Expense Reduction 120

GlobalTranz

FEBRUARY 7, 2018

While most brands have already integrated live system tracking, secure data exchange processes, and visibility and traceability throughout systems, the use of cloud-based technologies will begin to have a major impact on procurement processes as well, says Marc Wins of Procurement Academy.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimization Software 170

GlobalTranz

DECEMBER 17, 2014

For example, on average the cost savings from automating a manually processes purchase order is $9.89, for an invoice is $11.58 The language and documents of shipping are complicated and immense. The moment you start shipping with a 3PL as your partner, you already have EDI built in! and a remittance is $12.96.

Supply Chain Network Software 233

Supply Chain Network Software Supply Chain Software Sourcing Strategies Expense Reduction 233

GlobalTranz

JULY 20, 2016

trillion, reports James Keller of Internet Retailer , and 2016 is shaping up to surpass last year’s records. More customers will be engaged in eCommerce this year than ever before, and retailers are seeing a definite shift in the number of customers making online purchases. More Emphasis on Real-Time Analytics.

Analytics Software 120

Analytics Software Supply Chain Design Software Demand Planning Software Predictive Analytics Software 120

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. According to a recent study, reports Material Handling and Logistics , only 3 percent of respondents believe their existing technology supports an improved customer-focused logistics experience.

Cost Reduction Strategies 166

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

GlobalTranz

JUNE 12, 2018

Goodwill notes shipment data granularity and analysis are linked with better freight allocation , which means making use of the full spectrum of available shipping options, including full truckloads. Access our complete Full Truckload Shipping White Paper Series. Higher prices will also result in consumers jumping ship too.

Freight 150

Freight Price Reduction Supply Chain Planning Software Cost Reduction Strategies 150

GlobalTranz

AUGUST 18, 2015

With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. Therefore, they have taken extensive steps to monitor existing shipping practices and maximize their profits.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Analytics Software Company Predictive Analytics Software 120

GlobalTranz

OCTOBER 20, 2017

Now includes installation, so home improvement shippers, like Home Depot and Lowes Home Improvement, must now consider eCommerce to be a venue for selling items requiring installation and assembly, reports Stuart Lauchlan of Diginomica. Leveraging Metrics, Shippers Find Better Ways to Excel at Customer Service and Last Mile Services.

Logistics Network Optimization Software 122

Logistics Network Optimization Software Logistics Procurement Analytics Cost Reduction Strategies 122

GlobalTranz

JULY 22, 2016

and the compounded annual growth rate is expected to stay at or above 10 percent over the next half-decade, reports William B. Globalization Promotes International Shipping and Logistics. Consumers are also looking to business for benefits in every purchase. Is there a shipping cost? Cassidy of JOC.com.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Modeling Software Analytics Software Optimization Software 120

GlobalTranz

MAY 22, 2018

Parcel spend management is growing in importance, and shipper workforces are becoming more diverse, reports Marilyn Gettinger of Parcel MEDIA , which may strain existing work relationships and require use of people analytics to boost morale. The Guide to Reduce Parcel Shipping Costs thru Effective Transportation Management Practices.

Cost Reduction Strategies 122

Cost Reduction Strategies Expense Reduction Negotiating Skills Purchasing Skills 122

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Transportation modes used in procurement and shipping. Distribution of goods prior to purchase. Ask Traditional Questions, and Let Big Data Provide Answers.

Supply Chain Design Software 120

Supply Chain Design Software Big Data Supply Chain Software Continuous Improvement 120

GlobalTranz

APRIL 13, 2018

Customer service is more important than ever, and customers expect purchases to arrive at record speeds with free or low-cost shipping, says GlobeCon Freight Systems. The management lies in the hands of e-commerce and omnichannel sales strategies. However, the power of B2C services and sales must not be overlooked.

Supply Chain Software 130

Supply Chain Software Supply Chain Strategy Supply Chain Optimization Supply Chain 130

GlobalTranz

APRIL 19, 2017

Unfortunately, this means predictions for adoption rates in 2017 would be likely to remain in this range. Historical Data on TMS Adoption May Be Lower Than Reported. The number of shippers declined during the recession and have slowly returned to pre-recession levels, reports Reuters. Now, consider another factor.

Vendor Strategies 137

Vendor Strategies Price Reduction Cost Reduction Strategies Resource Reduction 137

GlobalTranz

JANUARY 26, 2017

However, their use felt some restraint, and most companies used them to track large-scale shipments, such as cargo containers, reports Claire Swedbery of the RFID Journal. AIDC communications reduced workload , making tracking items and using analytics easier than ever. of the WIOMAX SmartIoT Blog. What Does It Mean For 2017?

Logistics Network Optimization Software 120

Logistics Network Optimization Software Omnichannel Supply Chain Software Procurement Solutions 120

Supply Chain Shaman

SEPTEMBER 20, 2015

I find that in this world of the global multi-national that procurement processes have become convoluted and increasingly complex. (In In my opinion, we have made procurement increasingly complex without adding value. Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk. Does it work?

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

RFgen

FEBRUARY 25, 2025

Mastering Inventory in 2025: Key Trends Watch Webinar Now WATCH WEBINAR Understanding the difference between the bullwhip effect and the inventory accelerator is essential for effective inventory management. This is often done to take advantage of economies of scale, such as quantity discounts or reduced shipping costs.

Inventory Reduction 52

Inventory Reduction Price Reduction Material Savings Cost Reduction Strategies 52

GlobalTranz

MARCH 30, 2016

For example, value-added service may include perks when shipping a large quantity of products on a recurring basis. In other words, 4PLs enable an organization to work smarter, more efficiently, all the while without the increased cost of purchasing such services from another consultant. Cost-Savings and Future Planning.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Logistics Buyer Training Purchasing Skills 120

GlobalTranz

JANUARY 23, 2017

From ditching age-old tactics of shipping products now, to advancing the capabilities of augmented reality in logistics, our logistics trends highlighted expected improvements in the supply chain, many of which came true. While our initial predictions were somewhat concise, this update shows how incredibly far these entities have come.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Cost Reduction Strategies Waste Reduction Resource Reduction 120

GlobalTranz

APRIL 5, 2016

Predictive analytics , which identify the intrinsic inefficiencies in simple processes that did not warrant in-depth review in response to the Great Recession. For example, the Cerasis Rater enables rapid reporting, tracking of KPIs, and review of asset-allocation quickly and easily. International Shipping Optimization.

Logistics Network Optimization Software 120

Logistics Network Optimization Software 3PL Negotiating Skills Purchasing Skills 120

GlobalTranz

OCTOBER 14, 2015

Here are just a few ways to integrate modern supply chain technology applications into your business model and improve your supply chain management. Computerized Shipping and Tracking. Through digitalized tracking, you can significantly reduce shipping errors and more rapidly respond to the errors that do occur.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Technology Supply Chain Network Software 120

Intelligent Audit

APRIL 12, 2022

On March 30, 2022, Intelligent Audit CEO Hannah Testani and LaserShip’s Chief Commercial Officer Josh Dinneen participated a webinar, “Learn How Other Shippers are Leveraging Lasership & OnTrac to Diversify their Carrier Risk,” moderated by Adam Robinson of The Robinson Agency. Download the Webinar Replay Here).

Optimal Sourcing 52

Optimal Sourcing Purchasing Skills Procurement Analytics Procurement Solutions 52

SCMDOJO

JANUARY 19, 2025

Loans can save you everything, from funding inventory purchases to pay for innovations in common functions. Grand View Research recently reported that the global e-commerce market will be valued at$25.93 Inventory Financing Inventory loans are created to help businesses purchase stock upfront. in CAGR by 2030.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Expense Reduction Inventory Reduction 52