Remove 2014 Remove Inventory Remove Shipping Remove Sourcing

Can Your Inventory Control System Support Seasonal Demand?

LeanCor

How can companies calculate the right inventory quantity and send it to the right place at the right time with such seasonality involved? Don’t be fooled by the scary mask – it is possible through rigorous supply chain planning, a sufficient inbound and outbound logistics network, and a supporting inventory control system. Here are 3 tips to help you develop an inventory control system based on flow to the customer: 1. Where will you keep the inventory?

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Innovative Approaches to Supply Chain Risk

Kinaxis

This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. Adding to this challenge is the reluctance of suppliers to share their sources with their customers for competitive reasons. Efficiency programs like lean drove us to reduce suppliers and cut inventory.

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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.

Getting Down to Brass Tacks: Can We Really Collaborate?

Supply Chain Shaman

Source Wikipedia. Current State of Perpetual Inventory. Replenishment is fueled by an effective perpetual inventory signal. Without a perpetual inventory signal, you will never be able to manage out-of-stocks and promot ions. Today, as shown in figure 2, 57% of retailers have a perpetual inventory signal in the warehouse and 47% have a perpetual inventory signal in the store. Collaborative relationships need a good signal for inventory.

The Next Great Disruption Coming to Supply Chains

Kinaxis

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Sure, we’re concerned, and in some cases stocking more inventory at local distribution centers. Then, they go to the retail store, scan the barcode to check inventory, price, and promotions in their 10 mile radius. Then, they check online for deals and shipping dates.

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. Work with your broker to see if you can get priority on unloading the ship and inland transport.

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How to boost relationships between shippers and 3PLs

DELMIA Quintiq

The manufacturer would benefit from lower inventory levels, while the 3PL operator could gain a better profit margin for being responsive and reacting “on demand”. To share a great success story: One of our customers from the metals industry who used our planning and optimization software was able to reduce inventory of raw materials by 35%, reflecting savings of double-digit millions.

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Five Major Changes Happening Right Now in Industrial Distribution

The Network Effect

Experience also includes mobile, order history, personalization, workflow management system, and free shipping and returns. You can do this by offering products for which you do not stock inventory, but rather pass the order onto your marketplace partner who drop- ships the product to your marketplace customers. This stockless production can literally allow you to offer an “endless aisle” of product offerings without increasing inventory.

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. The result is that the forecast accuracy is improved because a demand planner has an additional source data to make a better decision. Moreover, products can be shipped to stores in-time then lost sales is minimal.

Lost in Translation-Incorporating Consumer Demand into your Supply Chain

The Network Effect

Her sources of information discussed, among other things, what might theoretically happen if the renminbi were allowed to float – and this is what she wrote in her column. Through such initiatives as CPFR, trading partners have tried to use aggregate POS and inventory data to try to plan the rest of the supply chain. It’s interesting how a small mistranslation can drastically change the intended meaning of a word or phrase.

Throwing Down the Gauntlet

Supply Chain Shaman

In Figure 1, I share a composite orbit chart of progress of Cisco Systems, Intel, Samsung and Flextronics on the Effective Frontier at the intersection of inventory turns and operating margin for 2006-2012. However, no company in this chart is on a linear path towards improving both margin and inventory turns. This is the clear articulation of when and how to make, source, and deliver for the community.

Mistaking a Cog for the Whole Machine

LeanCor

Lambert, articulates this very truth on his first page: “In fact, many people using the name supply chain management treat it as a synonym for logistics…” In reality, this confusion demonstrates an outdated view that still puts logistics in a box (or perhaps a shipping container) as a silo’d activity meant to get material transported in or out of the plant. By: Clint McCrystal. link].

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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. This should include: Supplier shipping locations. From this, you can create a map that was used to identify and plan milk-runs and shipping-consolidation opportunities.

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock.

SCM World 2014 Chief Supply Chain Officer Report: A Conversation with Kevin O’Marah – Part III

Supply Chain Nation

Certain industries, and retail in particular, are under unbelievable pressure to say yes to everything every customer can think of—buy online – ship to home; buy online – ship to store; return to store when bought online. You can’t carry inventory just for the sake of on-hand availability; you can’t expedite every single shipment just because the customer wants it.

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Global Luxury Management “Lifestyle” brands require push supply chain design customization

Supply Chain View from the Field

Such brands may ship small runs of five bags, gowns, or shoes that cost thousands of dollars, whereas typical apparel products are produced in volumes of hundreds of thousands going to low cost retailers. This is a challenging sourcing base, and global luxury brands must also pay attention to general labor and supply chain compliance policies.

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.

The Origins of Category Management

Supply Chain View from the Field

I was involved in inventory control area on what they used to call “residual parts”, which were leftover parts that you ended up trying to sell into the service parts organization. Chrysler didn’t have the leverage that Ford or GM did –and so they leveraged it and got them to drop ship steel directly into the suppliers. They would bid and source only part at a time!

An Interview with Reshoring Initiative’s Harry Moser

CH Robinson Transportfolio

That article, from August 7th, 2014, What It Takes to Reshore Manufacturing Successfully , begins, “Rising labor costs in China and other emerging economies, high supply chain and logistics costs, and wide differentials in the costs for electricity and natural gas in different parts of the world are provoking a fresh round of relocation of manufacturing and production.”. There are many names for it: localization, near-shoring, reshoring, and onshoring.

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.

Impact of Macro Trends on Supply Chains: Diversification of Sales Channels

Supply Chain @ MIT

At the 2013 MIT Center for Transportation & Logistics Annual Crossroads conference*, UPS’s Randy Strang described this evolution from single-channel (traditional brick & mortar) to multi-channel (siloed operations) to cross-channel (where some integration of inventory occurs) and finally to omni-channel (where the consumer experience is a blend of all channels). What is amazing is that just over a year ago they could only ship from just under two dozen stores. Hard sell.

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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!

Secret Confessions of a Supply Chain Junkie

Supply Chain Nation

We all talk about markdown optimization and the importance of depleting inventory with the right markdown strategy to maximize profits. Of course, the concepts of exceptional experience extend beyond that to include everything from online order tracking, free shipping, smooth returns, and personalization opportunities, but we still need to get the basics right. Rarely, if ever, do I pay for any type of expedited shipping and I have imparted that same mentality to my husband.

Five Major Changes Happening Right Now in Industrial Distribution

Tompkins Blog

Experience also includes mobile, order history, personalization, workflow management system, and free shipping and returns. You can do this by offering products for which you do not stock inventory, but rather pass the order onto your marketplace partner who drop- ships the product to your marketplace customers. This stockless production can literally allow you to offer an endless aisle of product offerings without increasing inventory. By Jim Tompkins.

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? . .

The Supply Chain Practitioners’ Council: A Day of Connecting, Sharing and Learning

Supply Chain Nation

A few of the things I am able to recall are their dual source manufacturing, consolidating planning resources to India, using analytics to determine planning parameters; and an organizational restructuring. Sudhakar, co-founder of BigBasket.com, spoke about the challenges of shipping 100K items a day with a 99 percent fill rate. Vijayakumar Seelam shared how SanDisk was bogged down with challenges of high inventory and low service levels.

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

by Dr. Madhav Durbha Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection. A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. A lot of the products being shipped by Hanjin are headed to US and European retailers getting ready for the holiday season (toys, electronics, clothing, furniture, etc).

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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Is Grocery Home Delivery the Wave of the Future? Insights from Gartner’s Mike Griswold

Supply Chain Nation

SCN: Do crowd-sourced delivery options such as Uber or Deliv change the equation enough to make home delivery viable? The challenge becomes how reliable is the transportation mode you pick out of the crowd-sourcing pool. Retailers need to think long and hard about those crowd-sourcing alternatives—is that going to deliver for them a reliable pool of folks that can go that last mile? The same thing is going to happen with crowd-sourcing.

Unlocking POS Power

Supply Chain @ MIT

GMI typically ships to the warehouses of large retailer customers via regional distribution centers. Of particular interest was finding out how POS data can be used to adjust production planning in order to reduce both production and inventory costs while maintaining high levels of service. To illustrate the value of this data source, the researchers focused on the potential for reducing two key manufacturing costs: change over and inventory holding costs.

Supply Chain Management:E-retailers exploring same day delivery

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Amazon getting closer to reduce delivery lead time with their patented speculative shipping model. Traditionally supply chain model for e-retailers has been to stock inventory at downstream i.e. Distribution Centers (DC). The DC becomes the single source of supply for carriers to serve certain geographic area for direct customer delivery. April 2014.

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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Supply Chain Management:Why not WMS App? - Infosys Blogs

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Todays WMS is a tightly integrated code between the intrinsic WMS functions like receiving, put away, inventory, picking, packing and shipping, which are the primary functionalities. It does away with difficult and costly upgrades, without any risk of source code modification. Posted by Sudhanshu Raj on January 13, 2014 8:57 AM | Permalink.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Will interest rates continue to climb in 2016, and if so, what impact will it have on inventory levels? percent in Q3 2015 compared to Q3 2014 in the United States). Well, my big audacious prediction for 2015 did not come true.

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 data is shared with suppliers who know when to ship more products. 9, 2014. 9, 2014. 9, 2014.