The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Matters

JULY 7, 2023

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Both metrics contributed to the overall contraction in the LMI along with contracting price levels for transportation.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Inventory Reduction Negotiate Pricing 52

crisp

DECEMBER 15, 2021

A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. In the retail business where you’re scraping for every piece of margin to fuel growth, that’s a big advantage. That same survey showed that up to 50% of procurement teams’ time was spent looking for data.

Procurement Analytics 98

Procurement Analytics Supply Chain Planning Software Manufacturing Procurement Material Savings 98

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

In Malaysia, CEVA Logistics worked closely with L’Oréal , a major producer of luxury and consumer products, to develop a social initiative of providing jobs for the hearing impaired at our warehouse since June 2020. Sustainable Transformation is Data Driven – Driving Profitable Supply Chains from Resources to Retailing.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

Unleashed

OCTOBER 6, 2021

Using this strategy improves efficiencies in product delivery, frees up capital and reduces warehousing costs. It can also be used to configure warehousing to ensure the most effective storage of the three types of goods. It can also reduce downtime resulting from late stock delivery.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Veridian Solutions

NOVEMBER 11, 2019

As explained by Supply Chain 24/7 , digitalization of the logistics industry, including warehousing, continues to drive the market. So, warehouse leaders must consider two sides of the first touchpoint—the stage of picking the item and the actual inbound logistics of how it arrived in the warehouse or distribution center.

Warehousing 45

Warehousing Supply Chain Planning Software Vendor Strategies Optimal Sourcing 45

SCMDOJO

AUGUST 16, 2023

In this context, Walmart, the world’s largest retailer, has demonstrated a highly successful and integrated Walmart supply chain, propelling its growth and dominance in the retail industry. Through VMI, Walmart empowers its suppliers to take on the responsibility of managing their inventory stored in Walmart’s warehouses.

Inventory Reduction 79

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 79

Veridian Solutions

SEPTEMBER 24, 2018

Supply chain management is filled with risks, and Warehouse Managers need to start thinking about WMS cybersecurity during implementation, explains Cerasis, processes too. Warehouse Managers that take the time to consider cybersecurity during new system implementations can ensure the best possible outcomes. Constructive metrics.

Security 45

Security Warehousing Supply Chain Planning Software Vendor Strategies 45

ShipBob

OCTOBER 1, 2021

In this article, we’ll discuss why lean supply chains are gaining popularity, why ecommerce retailers should consider moving to lean supply chains, the best lean supply chain techniques, and how to use the right 3PL partner to help you transition to a leaner supply chain. Why retailers are creating lean supply chains.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Unleashed

DECEMBER 21, 2023

Inventory management solutions are the systems and processes designed to effectively oversee the entire lifecycle of your business’s inventory, from procurement and storage to distribution and sales. Overstocking and stockouts Maintaining the optimal inventory levels is a struggle most retailers and B2B firms are familiar with.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

ToolsGroup

SEPTEMBER 25, 2019

A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

The Logistics of Logistics

NOVEMBER 5, 2021

Steve works closely with leading manufacturers, retailers, logistics service providers, and technology firms. He is also the Founder and Co-Director of the MIT FreightLab – a research initiative that works on improving the way freight transportation is designed, procured, and managed. Cassandra Gaines. Martijn Graat.

Logistics Network Optimization Software 147

Logistics Network Optimization Software Transportation Supply Chain Design Software Supply Chain Planning Software 147

Veridian Solutions

JANUARY 2, 2019

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Challenges of Traditional WMS.

Supply Chain Design Software 45

Supply Chain Design Software Analytics Software Demand Planning Software Warehousing 45

Supply Chain Matters

MAY 23, 2022

Also reported was less change in Inventory and Warehousing metrics as costs continue to grow and capacity remains tight. Noted was that the category of Warehousing Utilization grew at rate of 70.9, Warehouse inventory levels are noted as remaining quite high. s major retailers. s major retailers.

Supply Chain Optimization 59

Supply Chain Optimization Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 59

GlobalTranz

DECEMBER 29, 2014

Some logistics involves transportation or warehouses or both. It is evident, the two most popular themes around logistics in 2014 based on these page views have to deal with Reverse Logistics , e-commerce , and information around the warehouse. We thank all of our readers who have read our posts. Read the full Post. Read the full Post.

Logistics Network Optimization Software 243

Logistics Network Optimization Software Reverse Logistics Manufacturing Procurement Logistics 243

SCMDOJO

MARCH 8, 2024

By working closely with suppliers to shorten lead times, businesses can minimize the time inventory sits idle in warehouses. Company X, a medium-sized retailer, implemented a combination of the top 5 strategies discussed in this blog. Read more on 10 Inventory Control Techniques That Are Evergreen on our website SCMDOJO!

Inventory Reduction 83

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 83

Unleashed

OCTOBER 30, 2023

Procurement and purchasing Before goods can be sold and delivered to customers, they must be produced, acquired, and prepared for sale. Procurement is the process of sourcing the suppliers and service providers that enable you to sell products. However, the order fulfilment process doesn’t end when an order leaves the warehouse.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

Veridian Solutions

JANUARY 2, 2019

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Customer service levels.

Supply Chain Design Software 40

Supply Chain Design Software Analytics Software Demand Planning Software Warehousing 40

Supply Chain Matters

JUNE 7, 2023

not only described as a “ significant rate of contraction ,” but also the first time that this particular metric has reached such a low level. Noted was that one of the busiest times in freight logistics, the seasonal back-to-school retail stocking period, likely did not materialize. percentage points to an all-time low value of 27.9,

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Logistics Material Savings 52

Supply Chain Shaman

JUNE 6, 2013

With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. Metrics Alignment.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 277

ThroughPut

OCTOBER 22, 2021

In 2021 , the retail sector experienced drastic global inventory distortion. Supply Variability: Supply variability can occur at the procurement level as well as in-store inventory levels. When demands for goods escalate, insufficient resources for procuring components can lead to unmet consumer demand. Inventory Buffer.

Inventory Reduction 52

Inventory Reduction Expense Reduction Resource Reduction Cost Reduction Strategies 52

Oracle SCM

AUGUST 1, 2018

Often this data is rolled up organizationally, geographically or in distribution through performance metrics or key performance indicators (targets change with these roll ups). Optimal inventory management using data from point of sale systems, in store inventory updates, in transit inventory and VMI on hand at supplier warehouses.

Supply Chain Planning Software 104

Supply Chain Planning Software Inventory Management Software Gartner Demand Planning Software 104

American Global Logistics

SEPTEMBER 12, 2023

It involves coordinating and integrating various activities, from procurement to production to distribution, to ensure the seamless flow of goods and services. Collaborative planning, forecasting, and replenishment (CPFR) enable real-time collaboration between suppliers and retailers, enhancing inventory management and reducing stock-outs.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

Zipline Logistics

JANUARY 10, 2023

Andrew Lynch is President and Co-Founder of Zipline Logistics , an award-winning North American 3PL that specializes exclusively in the transportation of retail consumer goods. But I quickly determined there had to be a better way to offer value in logistics services, especially for retail products that must meet hard delivery timelines.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. In the case of manufacturers, it means procuring green and sustainable raw materials. For retailers or e-commerce sellers, it means promoting sustainably manufactured products and using green materials for packaging and deliveries. Sustainable warehousing.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

The Logistics of Logistics

AUGUST 29, 2019

At one point while working for a 3PL, I did a lot of work in retail. [04:37] I was involved with the procurement of equipment and materials. One of the bidders had a very unorganized warehouse. The expected metrics were part of the contract. Right out of college, I worked at a logistics company in Atlanta.

Saudi Arabia 113

Saudi Arabia Logistics Network Optimization Software Company Procurement Analytics 113

Precoro

JUNE 6, 2022

Sneakers are then sold to the wholesaler B and later distributed to the retailers C and D. In this case, manufacturer A is a vendor for B, and wholesaler B is a vendor for retailers C and D. Retail shops are vendors for each individual customer buying sneakers. Blurred lines. When to Work With Vendors. Not necessarily.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Unleashed

DECEMBER 2, 2020

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Example 2: The reorder point for retail and distribution. In a retail or distribution environment, instead of average daily usage, we can use average daily sales.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

ShipBob

JANUARY 6, 2023

Report on important performance metrics. Both a TMS and a warehouse management system (WMS) are important aspects of supply chain management. However, a TMS is dedicated to managing activities taking place outside of the warehouse while a WMS is dedicated to the internal management of the warehouse. TMS vs WMS.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 52

Unleashed

JANUARY 29, 2024

Here are three examples of SKU rationalisation in practice: A clothing retailer decides to reduce the number of colours, sizes, and styles of its products based on sales data and customer feedback. The discontinuation of SKUs that have low sales volumes, high return rates, or high storage costs, can save on warehouse space, and handling fees.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

ShipBob

NOVEMBER 6, 2023

This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand. Verify that invoices match the amount of items and cost of inventory shipped from your ecommerce warehouse. In a digital world, your inventory audit methods must match.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Another option is to work in a warehouse, or in transport, or maybe in customer service where you are dealing with people all the time. Supply Chain Coordinator.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Supply Chain Game Changer

NOVEMBER 10, 2018

With pricing under pressure from recession-scarred consumers, the temptation for retailers is to transfer the pain upstream to their suppliers by passing on price reductions and forcing them to bear an increasing share of costs. In practice, the most successful collaborations build on strengths rather than compensating for weaknesses.

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 66

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management. Gross margin return on investment, or GMROI, is a measure of inventory profitability in the retail industry.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

BlueYonder

MAY 22, 2020

Other players are being forced to lease or purchase additional warehouse space to fulfill surge demand. Many are struggling to fill gaps in demand – in particular with retail and wholesale at a virtual standstill – resulting in aisles overflowing with products that have nowhere to go and labor with little to do.

Cost Reduction Strategies 90

Cost Reduction Strategies Inventory Reduction Optimal Sourcing Procurement Analytics 90

Supply Chain Game Changer

OCTOBER 8, 2019

A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Think about the typical set of objectives and metrics associated with managing a Supply Chain. Why Disintermediate the Supply Chain?

Waste Reduction 63

Waste Reduction Inventory Reduction Resource Reduction Price Reduction 63

OptiProERP

MARCH 15, 2022

It also includes a retail schedule showing how products will transit from manufacturing to the shelf. . The warehouse is notified when to pick, pack, and ship materials to diminish expedited shipping fees. Greater metrics are gained to analyze performance and make informed decisions. Dispatching. Reduced Costs.

Manufacturing Procurement 78

Manufacturing Procurement Optimal Sourcing Material Savings Resource Reduction 78