Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain. Inventory Management is a function that should always be in sync with your supply chain strategy and in turn depends on your overall business strategy. What does it mean for inventory?

Supply Chain Logistics in 2018: How They Keep the Lights on in Las Vegas

Cerasis

Editor’s Note: Today’s blog is from Connie Benton who discusses the state of supply chain logistics and how they keep the lights on in Las Vegas. That means that the logistics of this city of dreams can be an absolute nightmare. The Top Logistics Trends that Will Impact Logistics Management in 2018. The Nature of Las Vegas’ Supply Chain Logistics Las Vegas’ economy is mainly service-oriented. Logistics Supply Chain

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Drone-Powered Digital Inventory

PINC

Even though 90% of inventory is stationary in the supply chain, according to industry experts, inventory accuracy at distribution centers, warehouses, and plants ranges from 89% to 99% *. That’s because most of the inventory management process is still a manual activity. innovation inventory robotics Logistics Viewpoints warehouse drones

Number-one Talking Logistics post of 2018!

PINC

In the very last days of 2018, we received a very flattering note from Adrian Gonzalez informing that our CEO's guest article landed the number-one position on the Top 10 Talking Logistics posts of 2018 ! If you are not familiar with Talking Logistics, it is an online video talk show and blog featuring industry expert Adrian Gonzalez interviewing Thought Leaders and Newsmakers in the supply chain and logistics industry.

Video 100

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? IO uses powerful analytics to generate the right inventories to meet demand, address demand volatility, and achieve targeted service levels.

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Cerasis

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. As a result, brick-and-mortar retail has become more focused on digital inventory management, a building block in the road to omnichannel supply chains , than in the past.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: How do inventory optimization (IO) and multi-echelon inventory optimization (MEIO) enable manufacturers to operate more efficiently? IO uses powerful analytics to generate the right inventories to meet demand, address demand volatility, and achieve targeted service levels.

The Indispensable Role of WMS in Reverse Logistics

Cerasis

Reverse logistics is filled with risk, and the rate of reverse logistics in e-commerce is higher than any other channel, reports Business2Community. Among e-commerce sales, up to 30 percent will be returned to the shipper, which reflects a huge demand for effective returns management and reverse-logistics process standardization. Using a WMS in reverse logistics can help meet this rise in demand and increase customer satisfaction. Reverse Logistics Warehouse

Supply Chain Predictions for 2018

Material Handling and Logistics

A look at the supply chain trends and technology that will come into play in 2018. These concerns will extend into 2018, as companies work on a regulatory standard – though nothing has emerged yet. Strong players in the market will emerge as platform providers to aggregate the IoT data and provide key insights into that data that drive better business decisions in 2018. Having a specialized team specifically focused on innovation is a growing trend in the logistics industry.

Tips for Effectively Managing E-Commerce Logistics

Cerasis

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. In order to manage e-commerce logistics and maintain cost efficiency, shippers need to know the challenges in managing e-commerce logistics, how a TMS can help, and a few tips to streamline the process. What Are the Challenges in Managing E-Commerce Logistics? E-Commerce Logistics

These Advanced Supply Chain Technologies will Solidify the Digital Supply Chain in 2018

Cerasis

The type and capabilities of supply chain technology is expanding, and technology will only grow more important in effective supply chain management in 2018. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. According to Greg Kefer of Supply Chain Digital , blockchain technology will be another driving force in supply chain management throughout 2018.

Top Talking Logistics Videos and Posts in 2018

Talking Logistics

As 2018 comes to an end, a quick thank you to all of our readers, followers, and sponsors for another great year of learning and conversation on Talking Logistics. The numbers speak for themselves: 49 episodes produced in 2018, totaling more than 1,200 minutes of conversations with thought leaders and newsmakers in the supply chain and logistics industry. Our logistics team looks forward to your industry updates and GREAT music selections.” — Robert G.,

Video 68

Omni-Channel Logistics Leaders: The Importance of Real-Time Inventory Visibility

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: Top 5 Inventory Insights ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. Source: “Omni-Channel Logistics Leaders: Top 5 Inventory Insights,” Adelante SCM & LEGACY SCS.

[PODCAST] Why Digital Tools to Optimize Inventory Management Allows Supply Chain Execs to Stay More Strategic at Every Link in the Supply Chain

Cerasis

On today’s episode, we welcome Margaret Bendis, US Marketing Specialist for a company called EazyStock a cloud-based software-as-a-solution (SaaS) that optimizes inventory management. How sound inventory management improves the supply chain, and what are the adverse impacts to the supply chain due to poor inventory management. What is the future of digitization as it relates to inventory management. How To Shift From Tactical To Strategic Logistics.

The Current State of E-Commerce Logistics

Cerasis

As recently as 2016, the state of e-commerce logistics triggered a rush to expand warehousing. Shippers that take the time to understand the current state of e-commerce logistics in 2018 can learn from the mistakes of the past, devise a top-notch solution for today’s needs, and put several best practices into place to promote efficacy in e-commerce logistics. Meanwhile, the costs of operating within the state of e-commerce logistics surpassed $117.2

The Secret of Getting Ahead (Takeaways from Command Alkon ELEVATE 2018 Conference)

Talking Logistics

Last November, executives from all segments of the Heavy Building Materials (HBM) ecosystem got together at the inaugural Leadership Roundtable meeting organized by Command Alkon (a Talking Logistics sponsor) to discuss a couple of simple questions: Are there opportunities to elevate the performance of the HBM industry? Funny enough, that is the same advice I get from supply chain and logistics executives who are already making progress on a digital transformation journey.

This Week in Logistics News (October 8-12, 2018)

Talking Logistics

The VP of Supply Chain and Logistics at our house (aka my wife) has been out of the country this week. I have to go to the grocery store again today to replenish our inventory (yeah, I don’t shop for groceries online; as the son of a bodegero, I’m old fashioned that way.). Transplace Acquires Yusen Logistics’ Intermodal & Freight Brokerage Group. Hurricane Michael: How Can Logistics Professionals Help? Money Keeps Flowing to Logistics Companies.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. What is vendor-managed inventory? The benefits of the vendor-managed inventory process include: Enhanced visibility for vendor. Maintaining optimum inventory levels.

Blockchain in Supply Chain: 2 Ethereum-Based Projects That Demonstrate How Blockchain Can Improve Supply Chains

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. It’s still early days, but there are already two Ethereum-based projects that address some of the major problems that hamper logistics. Making it easier to track shipments and supplies is a huge part of the promise that blockchain holds for supply chain and logistics. A flood of liquid cash would be unleashed on the entire field of logistics. Supply chains are messy.

The Top 5 Changes That Occur With AI in Logistics

Cerasis

There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. Here are the top five ways in which Artificial Intelligence is transforming the logistics industry as we know it: 1) Predictive Capabilities Skyrocket When AI in Logistics is Implemented The capabilities of AI are seriously ramping up company efficiencies in the areas of predictive demand and network planning. Logistics

This Week in Logistics News (September 3-7, 2018)

Talking Logistics

Here I am doing my standard Talking Logistics intro through one of my favorite filters: How awesome would it be to discuss blockchain or the capacity crunch in transportation using this filter for an entire episode? In the meantime, here’s the supply chain and logistics news that caught my attention this week: Why Walmart Shoppers are Finding More Items ‘Out of Stock’ (WSJ – sub. Components of Spark are powered by Bringg, a leading delivery logistics technology platform.

This Week in Logistics News (June 11-15, 2018)

Talking Logistics

In the meantime, here’s the supply chain and logistics news that caught my attention this week: Home Depot Sets $1.2 Driver pay has surged so far in 2018, NTI reports, with gains expected to continue (CCJ). Capstone Logistics acquires LoadDelivered, Logistical Labs (CCJ). At the Descartes Evolution 2018 conference in March, Mark Holifield, Home Depot’s Executive Vice President of Supply Chain and Product Development, discussed how the retailer is investing $1.2

Top 25 Supply Chains of 2018

Material Handling and Logistics

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. So in 2018, McDonald’s joins Apple, Procter & Gamble and Amazon on a separate “Masters” list, as one of the “best-of-the-best.”. In fact, BMW has adopted any number of digital production technologies, such as data analytics, smart logistics and 3D printing.

This Week in Logistics News (May 14-18, 2018)

Talking Logistics

I’ve been on the road the past three weeks attending various supply chain chain and logistics conferences, and while the discussions inside the hotel ballrooms have focused on industry trends like blockchain and the state of the transportation market, the discussions outside — which I was completely oblivious to until this morning when I drove my kids to school — have been centered on a single question: Yanny or Laurel ?

E-Commerce Continues to Add Focus on Omnichannel Supply Chain Strategies: Projections for 2018 Demand Continuous Improvement

Cerasis

As 2018 progresses, Warehouse Managers need to understand the risk of not going omnichannel, why demand is increasing, and a few tips to meet such demands. Demand for E-Commerce and Integration of Supply Chains Will Continue to Dominate 2018 As explained by Derek O’Carroll of Multichannel Merchant , some driving forces behind the demand for omnichannel supply chains include: The creation of social storefronts. E-Commerce Logistics Omnichannel Supply Chain

Optimizing logistics: One wild ride

DELMIA Quintiq

In logistics, everyone has a plan. Some logistics professionals, though, ride the supply chain like a bucking bronco – hanging on for dear life, taking different twists and turns to avoid potential disaster when something goes wrong, and being proud that they made it through another day. Inventory is not in its optimal state, but everyone is simply too busy to be moving goods around. This is not uncommon in multi-party logistics environments.

Patient-centric networks at the heart of pharmaceutical supply chain management: Lessons from LogiPharma Europe 2018

Kinaxis

by Dr. Madhav Durbha With the Alps as a backdrop, LogiPharma Europe 2018 proved to be both energizing and thought provoking. In early April I attended the LogiPharma Europe 2018 conference in Montreux, Switzerland, an event that attracted more than 800 attendees, including practitioners and executives from pharma and medical device industries, along with software vendors and many service providers. Kinaxis (@Kinaxis) April 10, 2018.

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

Even JP Morgan, Microsoft, and Google, reports Jonathan Chester of Forbes , are working to increase blockchain development and innovation, and supply chain leaders need to understand how the use of blockchain in supply chain and logistics will bring about lasting change and improvements in efficiency. Blockchain is entering a phase of development that will affect every aspect of supply chain and logistics management, ranging from procurement to forward logistics and beyond.

Too Much Focus on E-Commerce Shipping Practices? The Important Reminder That Logistics Fundamentals Still Matter

Cerasis

Supply chain leaders need to understand why logistics fundamentals will continue to shape e-commerce shipping strategy. In other words, filling more orders is great, but it still requires significant use of logistics resources. How can a company offer the best deal without taking advantage of the lowest logistics costs? What Are the Best E-Commerce Shipping Practices in Using Traditional Logistics? E-Commerce Logistics

9 Retail & Logistics Trends to Watch in 2018

FLEXE

It’s 2018. With more sales moving online and buying behaviors changing, it’s clear how impactful technology and logistics strategies are to maintaining a competitive edge. Download our latest white paper, 2018 Retail & Logistics: 9 Trends to Watch. . This year, we’ll continue to see more investment in retail and logistics technology to improve brand awareness, drive online sales, gain market share, and cater to new buying behaviors.

This Week in Logistics News (April 16-19, 2018)

Talking Logistics

The focus of our session is “Today’s New Normal” — a discussion about emerging trends and technologies in the industry, everything from e-commerce to blockchain, and what it means for supply chain and logistics professionals. Speaking of emerging trends, here’s the supply chain and logistics news that caught my attention this week: ‘Hey Alexa, where’s my delivery?’ ’ XPO Logistics unveils voice tracking (Reuters).

This Week in Logistics News (May 7-11, 2018)

Talking Logistics

My wife often jokes that she is the VP of Supply Chain and Logistics in our family. Moving on, here’s the supply chain and logistics news that caught my attention this week: Uber teams with NASA to make flying cars a reality (CNN). The post This Week in Logistics News (May 7-11, 2018) appeared first on Talking Logistics with Adrian Gonzalez. But it’s no joke, it’s true.

Show Me the Money: MH&L’s 2018 Salary Survey

Material Handling and Logistics

Our annual salary survey reveals that the typical material handling and logistics professional earns $93,697. The single biggest challenge facing the industry is lack of qualified workers in all aspects of logistics.” inventory/materials manager with a food & beverage manufacturer with 26-30 years of experience, living in the Middle Atlantic region and earning $107,000. And what does this “typical material handling and logistics manager” look like?

7 Supply Chain and Logistics Trends to Watch in 2018

Logistics Bureau

It’s that time when idle chatter at the office Christmas lunch turns to debating what next year will bring, especially among logistics and supply chain professionals, for whom it seems every New Year brings new challenges, trends, and disruptive innovations. My post on key trends to watch in 2017 received a lot more attention than I anticipated, so I figured it can’t hurt to gather my thoughts and pull together another collection for 2018.

Optimum Omnichannel Inventory Control

Unleashed

As with any retail company, inventory represents a large amount of tied up cash, or assets as it were, and if mismanaged, this can be a significant area for loss. Therefore, managing omnichannel inventory is extremely important for preserving the bottom line, increasing profits and keeping those shareholders happy. Let us dive in and consider some of the obstacles to flawless omnichannel inventory management. Methods to implement for optimum omnichannel inventory control.