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Insights from Ryder Innovate 2014

Talking Logistics

Jason Mathers discussed the 5 Principles of Greener Freight, and provided real-world examples of those principles in action (read the Ocean Spray , Caterpillar , and Boise case studies, and also watch my conversation with Jason from earlier this year on Talking Logistics). Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014.

10 Commandments of Inventory Management

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Then, this article will show you 10 simple principles that you can use to streamline your inventory management practices right away. 3) Forecast at the right level Standard inventory management textbooks suggested that forecast be done at a product family level.

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Steel Fabrication and General Manufacturing Tips and Tricks for 2015

Cerasis

Still in all most fabricators have seen steel sales rise and customer demands and inventory requirements increase over the past several years. The source pointed to several trends that are encouraging the adoption of TMS, including better control of data, more comprehensive analysis and the need to support omni-channel supply chains. The post Steel Fabrication and General Manufacturing Tips and Tricks for 2015 appeared first on Freight Logistics Company | Cerasis.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. This increases flexibility and translates into less overall inventory since it is not in the wrong place.

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All Signs Point to Mexico Playing a Greater Role in Supply Chains

Talking Logistics

The recently-published 2015 Third Party Logistics Study includes a special section on Mexico, and 40 percent of the study respondents said “they have already moved some of their operations to Mexico, citing reduced freight transportation time and closer proximity to sources as the most important factors as the primary drivers of the change.” They also saw inventory cost reductions of 12% compared to 9% globally and order fill rates move to 77% from 68%.

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Healthcare Logistics

LeanCor

Excessive purchase orders and unconsolidated freight created complexity and cost. Lack of ownership and visibility to much of the freight planning and spend on inbound material. The large number of distribution centers caused difficulty in providing good SKU coverage without creating inventory bloat. The ability for the client to take ownership of freight planning and spend hinged upon providing value to the supplier. Healthcare Logistics: A Network Design Case Study.

A Case Study in Closed-Loop Operational Management

Talking Logistics

When you look at the potential benefits in inventory savings, freight savings, and on-time fulfillment improvements, it’s not that difficult to build the business case. Therefore, the manageable approach has been to aggregate SKUs into groups or categories, and to optimize orders, inventory, and transportation separately, with planners making manual adjustments afterwards to balance the outcomes.

Mexico Back in the Supply Chain Spotlight

Talking Logistics

A lot of companies set up operations and sourced from Mexico back in the 90s, then the focus shifted to China and other Asian countries, and now Mexico is back in the spotlight. We’ve seen, for example, instability in ocean freight, cost, and issues with [Los Angeles] ports in past years. economic recession made companies decrease inventories, which increased their need for speed to market and shorter cash-to-cash cycles. It seems like we’ve come full circle with Mexico.

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Inbound Logistics

LeanCor

The lean logistics engineering process incorporates several complex factors including volume fluctuations, sourcing changes, and lead, window, and service times to determine transportation modes, sourcing locations, freight consolidation, trailer loads, route combinations, and freight sequences. Develop an inventory strategy based on pull. The goal is to have minimal raw-materials inventory at your facilities. Planning a Lean Inbound Logistics Strategy.

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

I was attending the Zycus Horizons 2014 conference at Amelia Island today, listening to speakers. And we follow a pattern: you do an assessment, a sourcing wave, build a process, and do it over and over. Also more end to end KPI’s – our own inventory – but don’t have supply chain lead-times on end to end. I can see the light that will maybe be a freight train someday.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The distributor maintains the inventory plan.

3D Printing Set to Streamline the Retail Supply Chain Through Reduced Lead Times and Inventory

BluJay Solutions

The attractiveness of 3D printing for manufacturers and retailers/distributors centers around reducing both lead times and the risks involved in holding inventory. In reality, retailers routinely pass the inventory risk to their suppliers, particularly since the phenomenal growth of multi-channel retailing, with direct dispatch (or drop ship) suppliers bulking up retailers’ online offerings without requiring a financial commitment or warehousing space.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

As 2013 comes to a close, here are some of my thoughts regarding the supply chain trends we are likely to see emerge in 2014. Globalization is now increasingly linked to labor costs in countries such as China, as well as fuel costs and regulatory shifts, which are in turn driving a dramatic impact on where companies source, where they produce, and the complexity of processes required to sell to the customer. 2013 has certainly been an interesting year!

3D Printing: Supply Chain Game Changer or New Risk for LSPs?

BluJay Solutions

As we look ahead to 2014 and the many predictions for the logistics industry, it’s interesting to look back to the predictions of previous years and consider which are close to becoming a reality. So is its popularity likely to burgeon in 2014 and, importantly, will it render some of the staple services currently provided by logistics service providers (LSPs) redundant? . .

Does Your Business Suffer From any of These Five Profit-Killing Confusions

EFT

In many companies the responsibility for purchasing, procurement, strategic sourcing is divided between the operational business units and, the strategic sourcing department or the purchasing department or the procurement department or whatever they are called. Customers look at all these extra inventory and start asking for pricing discounts; they believe that the company is not able to sell as much as they are buying or producing.

Transforming Tribes

EFT

This isolationist approach takes no account of effective inventory control, asset capacity management, mark down risk, responsiveness or availability. Companies succeed or fail depending on how well they transform to new demands in the areas of areas of price, quality, sourcing, ethics, service and agility. Image: Column 3PL/Logistics Freight Transport General Supply Chain Technology/IT Retail/CPG/Fashion Many retail organisations are essentially tribal.

Supply Chain Risk Blog Series#4: Ensuring Continuity During a Disruption

BluJay Solutions

In an ideal world, all those involved in managing the transportation of goods would have real-time access to a complete picture of supply chain data that provides the likes of inventory information across the network, in-transit information of all shipments in process, visibility of potential options on access to other inventory or transport sources and modeling of the costs in both money terms and time.

The War Against Returns – Is the Retail Supply Chain Winning?

BluJay Solutions

Source: BBC News, Jan 2013 , Retail Technology, Sept 2013. Research has proven that reducing returns by 1% increases net profits by 1% (Source: Retail Technology, September 2013 ), proving the importance of this area to the bottom line. Returns complicate logistics processes, disrupt inventory management, make revenue forecasting difficult and eat into profit margins.

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Land challenges for Hong Kong's logistics sector

EFT

Long established as a regional commercial hub and sourcing centre, Hong Kong is the world's eighth largest trading economy. The National 12th Five-Year Plan specifically calls for strategies and tactics to enhance Hong Kong’s status as an international financial, trading and shipping centre; and also for Hong Kong to develop into a high-value goods inventory management and regional distribution centre (RDC). per cent in June 2014.

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How to measure the performance of a manufacturing plant?

Infosys Supply Chain Management

When companies source their raw materials from far across the globe, it can take weeks for a raw material to reach the manufacturing facility. By looking at scrap, rework, sorting, MRB inventory costs, one can easily gauge the cost of poor supplier quality. These costs are further magnified by addition of freight costs and line shutdown.

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

The WSJ article and other sources, such as this Khan Academy video series , explain how bitcoin works, so I won’t go into it here. Source: [link]. Imagine a bitcoin being a unit of inventory and a digital wallet (“bitcoin address”) being an inventory-keeping location, such as a store, distribution center, or truck trailer. I have to admit, I’ve paid very little attention to all the buzz surrounding bitcoin these past few years.

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Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

Cerasis

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 Riding a rising five-year trend, retail juggernaut Walmart® grossed $476 billion in the fiscal year that ended in January 2014, up from $408 billion in fiscal 2010, according to The Wall Street Journal’s MarketWatch. The operations portion of a supply chain focuses on demand planning, forecasting, and inventory management.

This Week in Logistics News (June 3-7, 2013)

Talking Logistics

We’re quickly approaching the midpoint of the year, which means it’s time to start planning for 2014 — at least that’s what I heard at my sister’s surprise birthday party last weekend, where some of her co-workers in finance were talking about getting started with 2014 budgets. In this week’s news… UPS Freight Announces 2013 Rate Adjustment. Cass Freight Index Report for May 2013. Amazon plans big expansion of online grocery business: sources ( Reuters ).

Is Google the most innovative supply chain company in the world?

Freightos

In fact, according to eMarketer, there were estimated 1.75bn smartphone users worldwide in 2014. During the 2014 holiday season in the US, IBM Digital Analytics estimated that 25% of US online sales were via mobile. Inventory management and replenishment as well as reverse logistics can now be managed by mobile as well as payments. yellowbox]Check out where the future of online sales for the freight industry is heading with this free white paper.[/yellowbox].

Time to Squeeze Carriers for Better Rates?

Talking Logistics

There was a deceleration in freight volumes during the second half of 2015 which continued into the first month of 2016. So, that tells me that the inventory situation continues to weigh on truck freight volumes. The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, dropped 0.4 percent in December from November , with December 2015 freight shipments down 2.0

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more. Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants. Outcomes: improved inventory management; More accurate determination of re-order points; Better on-shelf availability.

Road to Nowhere: The Dire Status of U.S. Infrastructure

Elementum

The bridge, built in 1967, had been labeled “functionally obsolete” by the National Bridge Inventory in 2014. The challenge lies in the bill’s major source of funding: The federal fuel tax, which charges 18.4 WI) has assured Congress that he will not be raising the gas tax , even though it is no longer a sufficient source of income. Poor infrastructure slows down our nation’s supply chain, augmenting freight costs and increasing congestion.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. In 2014, a Supply Chain Council survey found that managing global supply chain complexity was among the top 5 major issues. Freight Booking Management – the ability to automate and control the freight booking and confirmation process.

Global Cargo Monitoring / Cargo Tracking: Networked Supply.

Global Trade Management

By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. As manufactures and retailers increasingly depend on extended rosters of sourcing companies, the resulting networked supply chain requires improved visibility. Importers are using multiple sourcing vendors to improve their ability to respond to market demand and opportunities. ► 2014. (13).

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This Week in Logistics News (January 4-8, 2016)

Talking Logistics

Transervice Announces Launch of Tech-Based Freight Management Company. The company’s overall share of container volume has grown from 22% in 2014 to 24% in recent months. This live and predictive analytics platform filters through news sources (including Lloyd’s Maritime, CNN, and more), blogs, social media (ex. Twitter), and natural disaster alerting sources to find and disseminate content relevant to global supply chains.

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Logistics KPIs Case Study: Whirlpool’s Supply Chain and Logistics Success Driven by Effective KPI Implementation

Cerasis

With this varied inventory, plus a large direct sales force in more than 170 countries and an unpredictable sales cycle, effective supply chain management is critical for continued growth. Distribution network services— including support of strategic sourcing and contract administration, provider payment management, business process improvements, policies and procedures and customer service of all distribution centers and cross docking.

A Quick Glance Into The Logistics Market - January 2016

EFT

Source: US BEA). . Source: US DOC & Census Bureau) Consumer Confidence The Consumer Confidence Index increased to 96.5 Source: The Conference Board) (The consumer confidence index is based on a monthly survey of 5,000 U.S. Source: US DOL) . . Source: Conference Board). above December 2014. Source: US Census). . Source: US Census). . Source: US Census). . Source: U.S. Source: US Bureau of Labor Statistics). .