Remove 2014 Remove Inventory Remove Sourcing Remove Warehousing

26 Best Practices in Lean Warehousing

LeanCor

Many people may think the term “lean warehousing” is an oxymoron. Let’s face it, most lean purists believe that all transportation and warehousing functions are pure waste. The fact is, particularly with the growth of the global supply chain and extended lead times, lean warehousing is necessary and plays a critical role and must be integrated into the entire supply chain. In the absence of this visibility, warehouse operators will simply be reacting to day-to-day activities.

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Insights from Ryder Innovate 2014

Talking Logistics

Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014. According to a 2012 study by The Georgia Center of Innovation for Logistics , the logistics industry is expected to create 270,200 job openings per year through 2018 (not only in trucking, but in warehousing and distribution labor and other areas too). Inventory (inventory management policies and practices, optimizing inventory flow).

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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.

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

6 River Systems

Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. Today, there are many top 3PL warehousing companies that handle warehousing, fulfillment, logistics and distribution services for companies of all sizes.

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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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.

Why “Distributed Order Management” is a top retail trend and why you should care

The Network Effect

The best way to achieve this is to provide a single, global view of all inventory available in order to intelligently source the line item components of that order, ensuring that the business can meet both current and future customer demand while optimizing inventory, logistics, and asset utilization. The traditional order management systems that most retailers use were basically configured to link to a discrete number of specific plants or warehouses.

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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Supply Chain Management Services

LeanCor

When sourcing supply chain management services, think about the provider’s approach to people and processes. Focus on total logistics cost reduction (transportation, warehousing, and inventory). Here are some general questions to ask when sourcing supply chain management services: Does the 3PL provide the services required? Does the company have the required warehouse space, dock capacity, warehouse personnel, etc.?

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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. The answer is that they use the multi-echelon inventory model to solve the problem.

Misnomer

Supply Chain Shaman

The team was organized around the functional silos of source, make and deliver. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. I also believed that this company would have the best inventory and customer service. My favorites are customer service, operating margin, inventory turns, and ROIC.

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. Move from warehousing to cross-docking.

Mistaking a Cog for the Whole Machine

LeanCor

The supply chain acts as an interconnected system of components that serves a company from material sourcing through customer delivery. Lean Logistics allows us to make decisions regarding replenishment frequencies, right-sizing, just-in-time and level flow that work in concert with the inventory, sourcing and warehousing strategies of our customers. By: Clint McCrystal. link].

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Integrated Supply Chain Planning – The Number 1 Opportunity

Enchange Supply Chain Consultancy

planning, sourcing, manufacturing, etc.) up to the point that finished goods are in the producers’ warehouse before the stock is sold to customers. By “route to market”, we mean the processes by which finished goods leave the warehouse and arrive on retailers’ shelves, often via third party distributors. The benefits for the producer will be finished goods inventory reductions and a reduction in month-end sales peaking.

Raise a Toast to Digital Business!

Supply Chain Shaman

At the end of 2014, many leaders that I work with are preparing their 2015 strategies. Here are some insights from our recent research: Digital Path to Purchase: In a study on trade promotion management in early 2014, we find that 60% of marketing teams within consumer packaged goods companies are working on a digital path to purchase strategy. Too few companies understand the differences between syndicated data sources and the use of channel data.

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. We never ran out of or had too much inventory.

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.

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? . .

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!

From Malls to Click-And-Collect: How Today’s Pace of Change Is Impacting Real Estate

Tompkins Blog

Source: Kantar Retail Analysis. As we predicted in 2011, the number of store closings to occur in 2014 will hit record numbers. What is worse than the 2014 store closings will be the bankruptcies in 2015. Businesses are not grasping the changes in the marketplace, and holiday 2014 will take its toll in 2015. There have been a variety of factors that have contributed to this: Real transportation, operations, real estate, inventory, and capital costs must be utilized.

Secret Confessions of a Supply Chain Junkie

Supply Chain Nation

There are tons of articles, white papers and blogs about today’s supply chain challenges: globalization, off-shore manufacturing, supply chain segmentation, big data, mobility, social media, price optimization, warehouse throughput, labor scheduling and in-store picking. We all talk about markdown optimization and the importance of depleting inventory with the right markdown strategy to maximize profits. The beauty of the supply chain is all around us.

Resilient and Cost Efficient Supply Chains

Operations and Supply Chain Management

Industry News – May 7, 2014. The most obvious steps to protect against serious supply chain disruptions – increasing inventory, adding capacity at different sites, using multiple suppliers – “undermine efforts to improve supply chain efficiency,” Northwestern University Kellogg School of Management Professor Sunil Chopra and City University of London Cass Business School Professor ManMohan S. Sodhi wrote for the magazine’s Spring 2014 issue.

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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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. In another example, one of our clients had a logistic service provider who was taking the client’s products to the warehouse which was halfway across the city – one and a half hour journey each way.

Planning and Execution – Merge Ahead

Supply Chain Nation

The most recent advancement in road navigation is coming from the use of crowd-sourcing and machine learning. Google crowd-sources traffic congestion data by monitoring speed of thousands of individual smartphones using Google Maps on the roads [1]. Crowd-sourcing also helps keep maps up-to-date. One will be able to tell where an order is, what orders are in a load, what loads are on which truck, when certain orders will be unloaded or loaded in a warehouse … and so on.

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.

What CEOs are Saying About the EMEA Marketplace

Supply Chain Nation

I’m talking here about the physical assets of the supply chain, which include everything from the warehouse and transportation networks to the high cost of carrying inventory. This might be through International expansion, or diversification of store formats, or new international sourcing locations.

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

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. The companies today need a Warehouse Management System (WMS) that can be implemented quickly, configured easily and which is cost effective. 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. January 2014. About Us.

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.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Click the links below to compare this year's innovations to those from previous years: Top 10 Supply Chain Innovations of 2017 : exoskeletons, autonomous forklifts, flying warehouses, last-mile delivery, and more. Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more. Warehouse Automation. Source ID. Content Summary: Honeywell and Carnegie Mellon Partner to Bring AI to the Warehouse. Source ID.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

With how quickly new technology, tips and warehouse management techniques are emerging, wouldn’t it be nice to take a page from someone else’s book? In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

Global Cargo Monitoring / Cargo Tracking: Fuel optimized 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. Friday, 16 May 2014. With low transportation costs, it often makes sense to pool inventory in fewer locations so you can optimize space, labor and inventory pooling. ▼ 2014. (13). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today.

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Amazon Prime Now – The Cost of Expediting the Last Mile

The UCLA Anderson Global Supply Chain Blog

  Currently, Amazon’s outbound supply chain is comprised of fulfillment centers, sortation centers, and warehouses that specifically serve Prime Now customers. Sortation centers were introduced in 2014 and function primarily as hubs to aggregate outbound shipments, minimize third party transportation costs, and enable shipment on Sundays using the US Postal Service. As of late 2014, Amazon had 69 fulfillment centers and 16 sortation centers to satisfy US demand.