Unleashed
OCTOBER 6, 2021
So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that
Supply Chain View from the Field
DECEMBER 16, 2013
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. This will also involve negotiating with government agencies to negotiate data streams that will meet their requirements. Cost Pressures Will Continue to Escalate.
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Logistics Viewpoints
MARCH 2, 2023
Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. HBR also cites technology’s ability to cut costs and to make “companies more agile and therefore better able to handle […] uncertainty and rapid change.” Faster order-to-cash. Let’s not waste it.
Herlitz Inventory Management
JULY 7, 2021
Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. Anders Herlitz used to lecture on how to buy forward profitably and how to negotiate with vendors for win-win deals. It hasn’t been lost here at Herlitz Inventory Management!
GlobalTranz
OCTOBER 21, 2015
The more KPIs, the more difficult the negotiation process. It can take months to negotiate a complex SLA/KPI document, as you go back and forth with your logistics provider so the document becomes a “win-win” for both parties. For example: Inventory Record Accuracy has to be 98-100% accurate daily. 3PL/SLA Skills/Knowledge.
Supply Chain Shaman
AUGUST 11, 2015
Historically, the risk management focus was to reduce insurance costs. A disruption is a failure in cost, quality or customer service. In 2014, 70% of companies experienced three business discontinuity events with at least one resulting in a material impact to the balance sheet resulting in financial reporting.
Supply Chain Trend
DECEMBER 22, 2023
We will decide and response faster in our supply chain and make higher quality operational and strategic decisions. Vision, strategy (lack of it), cultural, leadership, behavioral, skill and mindset challenges won’t magically disappear. These new operating models can create significant benefits.
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