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by on April 13, 2019
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LONDON--(BUSINESS WIRE)--Apr 12, 2019--Quantzig, a leading analytics advisory firm that delivers customized analytics solutions, has announced the completion of its storyboard on the benefits of leveraging analytics for supply chain and inventory management. Companies across industries are facing problems associated with the complexity of the analysis needed to identify inventory management trends, the volume of inventory transactions, sales, and demand forecasting. By leveraging analytics in supply chain and inventory management organizations can optimize inventory, make well-informed business decisions, improve the bottom line, boost supply chain flexibility, and optimize resource usage. This press release features multimedia.ups.com Analytics solutions can help in optimizing logistics and increasing operational efficiency. Get in touch with our experts for detailed insights. 1: How leveraging analytics can help in inventory management? Reducing inventory holdings is a difficult task for businesses but if you have the right inventory optimization strategy in place, it can make this task easy.

Quantzig’s analytics solutions take warehouse inventory management to the next level and offer a comprehensive view of various demand and supply signals within the supply chain. Download this free resource to gain actionable insights into essential steps to build an inventory optimization strategy. Request a free proposal today to know more about our portfolio of supply chain analytics solutions. 2: What are the best practices for warehouse inventory optimization? Monitoring and maintaining optimal levels of warehouse inventory is not very easy for businesses. However, companies that succeed in doing so have been able to drive sales and boost customer satisfaction rates.

Download this free resource to know more about the best practices that determine the most successful approaches to the complex process of inventory management. Request for more information to know more about the benefits of leveraging analytics solutions for supply chain and inventory management. 3: What are the transformational impacts of analytics on the supply chain? Businesses struggle when it comes to understanding digital customer behaviors and market trends amidst data explosion. But leveraging analytics solutions can help in dealing with such issues head-on. Incorporating analytics into supply chain management can affect both the top and bottom-line business results. Download this free resource to know how a modern and digital supply chain network can help in inventory management and improve the entire supply chain operations. Incorporating analytics in the supply chain can help you cut through the competition and gain a winning edge. Request a free demo now! Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. 45 Fortune 500 companies.

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The service is active in all large SUPSI projects which have logistic requirements. The service attends to the preparatory stages for the USI/SUPSI Campus in Lugano and the renovation of the assembly hall at Trevano, as well as the expansion of the centres in Manno. The service further acts as a support for activities of maintenance and internal changes for all of the SUPSI centres. Furthermore, the Logistics Service tends to aspects relating to the health and safety of the collaborators. Safety issues are governed by labour law and federal law on accident insurance (LAINF). The organisation of safety provides that for each headquarters a reference person for safety be named, this person being subject to the Logistics Service of the School.

In essence, supply chain management integrates supply and demand management within and across companies. A Holistic Supply Chain Management includes: Instead of looking only economies of scale oriented to production, they are nowadays seeking strategies leading to reducing the overall cost of the supply chain and a main focus towards the client. Information and Communication Technology (ICT), plays a very important role, it connects the point of sale or consumption to the point of supply. The logistics management focuses on customer value (value for the client) that takes the nominator perceived benefits (product quality, customer service and so on.) and the denominator total costs of ownership for the client. One of the main propelling things for this besides the ICT and Globalization trends the assignment of Managers logistics specialists with extensive benefits value propositions (menu offerings, Third Party Logistics Providers) which can add value to the overall goal.

Global trade requires global communication and automation. In today's complex supply chains, it is important for manufacturers, vendors and everyone in between to be able to communicate quickly and effectively. This is difficult when companies are based in many different countries and time zones. New strides in software-as-a-service platforms and supply chain management services are breaking down the communication barriers by delivering automated software. As a result, the world of global trade just got a little more user-friendly. Much of the process can now be automated. Use of paper invoices eats up valuable time and resources, for both the buyer and supplier. Manually keying in data, shuffling papers to sort out amendments, and manually matching purchase orders to invoices are inefficient and they lead to errors.

Paper in the supply chain creates visibility gaps at every steps of the process, all the way down to the creation of shipping labels at the factory floor. Errors or miscommunication can delay a shipment to a retail store so long that the customer faces stock outs and empty shelves. Today, online supply chain platforms are available to enable electronic documents and correspondence to be sent to different parties involved quickly and efficiently. This saves time and, of course, money. For example, a supplier manufacturing widgets in China can find out important contract and shipping information by simply clicking on to the platform where key data is stored. Software-as-a-service solutions eliminate technology barriers that once hindered small overseas factories.

Today, just a web-browser is needed to access purchase orders, amendments.manh.com When documents and workflows are automated on a single platform, buyer, seller and factory are all linked, breaking down barriers that previously prolonged the transaction. Picture accounts payable automation (AP automation) extended all the way down to the factory floor. An automation purchase order serves as the catalyst for visibility and communication as the product moves through its lifecycle. Location and time zone differences were formerly an issue in supply chain management. With software-as-a-service platforms, this is no longer an issue. Some supply chain management companies offer support teams in other countries that eliminate the need to add staff and resources overseas. These local services ensure suppliers and factories are up and running on the system. Shifting market conditions and consumer buying patterns make it more difficult than ever to align supply and demand. Consumers are picky and they know what they want, when they want it. Supply chain automation is vital to the success of merchandising and retail, as businesses strive to meet consumer demand. When processes and documents are automated, retailers have agility to react quickly and easily.

Strategic Sourcing is a procurement process that evaluates and assesses the purchasing activities of a company on an on-going basis. It is considered to be a part of the supply chain management where the goal is to minimize supply chain costs, while leaving the chain intact. Strategic Sourcing is a systematic process focused at getting maximum advantage of cost, process, quality and technology, by leveraging the company's buying power. It is an organized and a collaborative approach to reduce cost while maintaining or improving service and quality. In contrast to traditional sourcing, strategic sourcing involves a continuous relationship between buyers and suppliers which is a beneficial collaboration for both parties. It also increases the visibility of the entire supply chain via true collaboration.

Strategic sourcing has many advantages like cost savings, standardized pricing, access to new suppliers and vendors, increased operational efficiency, set purchasing procedures and a relatively shorter cycle time. Savings from strategic sourcing can come from various ways like Spend Consolidation, Demand Management, Process Improvement, Competitive Bidding, LCCS, restructuring and developing relationships with suppliers. Strategic Sourcing starts from assessing a company's spend, looking at the supply market, analyzing the cost, identifying the suitable vendors and suppliers to developing a new sourcing strategy, negotiating with suppliers, implementing the new supply structure and tracking the results. This process is cyclical and is adopted as part of the overall sourcing strategy by many companies.

For a successful strategic sourcing, a company needs to understand and identify the highest impact cost reduction opportunities. A thorough review of the expenditures and collection of spend data needs to be made. After that a savings estimate is made for the project. So a spend assessment forms the first step into viewing a company's needs, its buying power, and the degree to which they are leveraging that power. An effective sourcing methodology needs to be adopted as a next step. This will address things like product specification and hence use the most ideal sourcing and negotiation strategy for the product category to achieve the lowest cost.

The next step in the process is to a process for supplier participation and contract processes. This can be done by using technology and esourcing tools which greatly assists the process and increases efficiency.seaboardfoods.com After that the selected supplier profile and a strategy is developed followed by the methodology of implementation. This entire process, strategy and methodology is then integrated with operations and tracked on a regular basis. Strategic Sourcing is used to strengthen a company's competitive advantage. It is itself a touchstone in outsourcing. It is getting the best services and products at the best value. What sets it apart is its focus on improving and constantly evaluating the buying activities of a company and its flexibility in process improvements.

Latest Report Available at Analytical Research Cognizance, "Logistics Services (3PL and 4PL) Market" provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth. The 3PLs of today can provide a much broader range of services than they used to. It used to be that their primary focus was on warehousing and shipping, so if you sent them your product they would store it and ship it for you. Now, 3PLs can handle almost your entire business. This includes not only the complete supply chain cycle, but also such functions as customer service, order management, sales support, ecommerce and IT integration.

A 4PL is an independent, singularly accountable, non-asset based integrator of clients’ supply and demand chains. The 4PL’s role is to implement and manage a value creating business solution through control of time and place utilities and influence on form and possession utilities within the client organization. Performance and success of the 4PL’s intervention is measured as a function of value creation within the client organization. The logistics market is large, fragmented and populated by a wide range of differing companies. There are multinational companies offering a comprehensive range of logistics services leading the industry, down to smaller national freight forwarders, offering simple logistics services. The market has been driven by consolidation over the last 20 years, with customers seeking fewer, larger providers that are able to manage complex supply chains on a global basis.

Market growth has been driven by both increased economic activity and the continued trend in outsourcing of logistics activities to third-parties, both new outsourcers and companies outsourcing more activities to third-parties. The largest region in terms of outsourced logistics market size is Asia Pacific, followed by Europe and North America, with the Asia Pacific region having experienced faster growth in logistics market value than other regions. Outsourcing penetration is highest in Europe, but levels are increasing quickly in Asia Pacific.palmbeachstate.edu Key Trends The trend of outsourcing business processes and supply chain activities continues to be a driver of logistics company revenues and hence market growth. The growth of e-commerce is also creating an environment where supply chains are adapting to new models. Ecommerce is driving further logistics outsourcing to third-party supply chain specialists.