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Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups.

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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. Better transportation planning.

Three New Ways Retailers Can Improve Inventory Performance

ToolsGroup

By using data to stock items with higher forecasted demand, they can reallocate cash that would normally be tied up in poorly performing inventory, avoid margin erosion from markdowns and dead stock, and increase overall on-shelf availability metrics. Yet paradoxically retailers front-load inventory to the store, under the belief that goods must be on the shelf to sell. The challenge is that once it's forward-deployed, it's not always cost effective to re-position inventory.

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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 the CSR score too is more of a popularity contest than a consistent metric. So in 2018, McDonald’s joins Apple, Procter & Gamble and Amazon on a separate “Masters” list, as one of the “best-of-the-best.”. Department of Transportation to ban the product from air transportation.

Provoking the Industry to Move Past Incrementalism

Supply Chain Shaman

When we study 600 public companies by peer group, at the intersection of inventory turns and operating margin, only 5% drive improvement. There are many forms of decision support—price optimization, revenue management, transportation planning, spend management, network design. An orbit chart is a plotting of data at the intersection of two metrics. In this case, the metrics are operating margin and inventory turns. of revenue on IT are we improving inventories.

Implementing Omnichannel: How to Get Your Supply Chain Ready to Go Omnichannel

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Align Inventory Placement With Demand. Retailers must align inventory placement , its physical location, with demand. This means moving inventory to make it closer to markets where it is sells. Since using a store-as-a-distribution center is integral to keeping storage costs down in omnichannel, retailers should leverage technology and analytics to align inventory correctly.

The Business Case For a Modern Warehouse Management System

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Performance metrics can be used to provide real-time feedback, which helps keep employees motived and focused on continuous improvement. Greater accountability into inventory reduces the risk of theft, which is estimated to cost the industry up to $80 billion each year. Improving network-wide inventory visibility.

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Managing E-Commerce Fulfillment Spikes With Data Analysis

Cerasis

Fortunately, data analysis allows Warehouse Managers to gain the insights necessary to create metrics to track performance, which are also known as key performance indicators (KPIs). Modes of transportation used in terms of costs and delays associated with each. The list of metrics can go on and on, so shippers should consider streamlining the entire process by automating supply chain controls and notification systems with business intelligence.

Demand-Driven Transformation at Shell

Supply Chain Shaman

Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. They saw a steady drop in inventory and reduced working capital by about 50% over the period of 2011-2015. Impact of Demand Sensing on Inventory Levels. Over this period of 2013-2014 Shell made good progress on inventory, but faced unprecedented supply price volatility.

Is Seamless OmniChannel Possible? How to Avoid Supply Chain Technology Hiccups

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Leverage Inventory as Data When systems communicate, they create inventory data, but actual inventory can be turned into data points and metrics to understand the flow of products. This can include utilizing additive manufacturing, like 3D printing, to bring the manufacturing process closer to customers and reduce the amount of physical space needed to store inventory.

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

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. 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. Managing the complexity of global transportation requires human capital, time, and/or money.

Tips for Maximizing Warehouse Space

Cerasis

The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Using New Technology for Maximizing Warehouse Space Is the Solution New technologies and warehouse automation are poised to enable warehouse managers to increase inventory without necessarily increasing space.

You are Here!

synchrono

Inventory – Excess material and WIP. Transportation – Unnecessary movement of material through the facility/supply chain. Each of these types of waste has at least one metric associated with it. While there isn’t always a clear 1:1 correlation, the chart below shows just some of the most common metrics impacted when improvements are made. Remember, you don’t need to measure every one of these metrics. The Lean Journey Often Starts with Inventory.

Warehouse Management Proficiency Through Mobility Technology

Cerasis

According to Ivanti , mobility technology allows warehouse managers to develop better processes and systems for inventory management and maintain high accountability, visibility, and proficiency in operations. The Problem: Warehouse Managers Overlook the Value of Mobility Technology Warehouse managers are faced with endless pressures to move more products, reduce labor and carrying costs, increase perfect order metrics, and meet increasing consumer demands.

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

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. 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. Managing the complexity of global transportation requires human capital, time, and/or money.

Safety Stock Calculation For Your Wholesale & Distribution Business

EMERGE App

It commonly describes the additional stock that you keep in your inventory to reduce the risk of stockouts. In addition to smoothing out unexpected swings in demand and supply, buffer stock also influences the optimal inventory level, stocking of time-sensitive goods and plays a part in new product launches. The damage and closures caused by major storms can close down factories, damage infrastructure and put a stop to air and road transport. Optimal Inventory Level.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” It is rare today to read the Wall Street Journal or listen to an earnings call without hearing about the impact of rising transportation costs. The second question we get is what strategies can we implement to lower our transportation costs.

What Retailers Learned About the Future at RILA Supply Chain Conference 2018

BlueYonder

The 2018 RILA Retail Supply Chain Conference was a great opportunity to hear what retail leaders are focused on, and excited about, as we chart the future of our evolving industry. Challenges Ahead in 2018. Low unemployment and an aging population are likely to remain issues in 2018. And they’re changing their supply chains to have less inventory at the point of distribution, focusing more on inspiration – more like showrooms.

One Man’s Trash: How Blockchain Can Target Food Waste to Help End World Hunger

Material Handling and Logistics

billion metric tons—gets lost or wasted. What’s more, net food losses in developed countries (222 million metric tons) equate to nearly all of the food produced in Sub-Saharan Africa yearly (223 million metric tons). Much of the food waste produced around the world can be traced back to inconsistencies in the supply chain: inventories aren’t recorded, suppliers aren’t informed, and quality isn’t taken into account.

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Excess Inventory? No Problem. You Have Trailers In the Yard.­­

Talking Logistics

With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. During the third quarter of 2018, for example, 61.5 per square foot—the highest level since it began tracking the metric in 1989. The post Excess Inventory?

What Retailers Learned About the Future at RILA Supply Chain Conference 2018

BlueYonder

The 2018 RILA Retail Supply Chain Conference was a great opportunity to hear what retail leaders are focused on, and excited about, as we chart the future of our evolving industry. Challenges Ahead in 2018. Low unemployment and an aging population are likely to remain issues in 2018. And they’re changing their supply chains to have less inventory at the point of distribution, focusing more on inspiration – more like showrooms.

Top 8 software every FMCG company should invest in

Abivin

Transportation Management System (TMS) and Route Optimization Software (ROS) TMS and ROS are needed for both Primary and Secondary Distribution of FMCG products. Cutting costs in transportation has always been a concern for FMCG companies due to the huge capacity and fast-paced movement of the industry. A transportation management system might be the key to lessen your burden. This solution is designed specifically for resolving transportation constraints in ASEAN countries.

Supply Chain Risks: Which Are Top of Mind Today?

Talking Logistics

The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt. Do we have the right Service Level Agreement metrics in place? Is the mode of transport the most efficient to impact on-time delivery?

Is Sales and Operations Planning a Digital Age Process?

Enterra Insights

Metrics Definition. “The organization needs to be clear on the metrics that matter and the alignment of vertical silos’ metrics to the balanced portfolio. “Forecasting hierarchies need to roll up to define business requirements, and inventory needs to be reported by form and function. Examples of algorithmic optimization used in the supply chain include: Inventory Optimization. Transportation Load and Route Optimization.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Transport network disruption. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. With contingency plans in place, the company announced that it had a healthy inventory supply of finished products and did not foresee a risk to patient supply at that time. This inventory glut crowded warehouses, eventually forcing companies to cut back on their new orders to clear out their backed-up storage facilities.

Performance Reporting and the Operational Restructuring Process

Silvon Software

Demand-driven supply chain management: When combined with effective S&OP practices, operational performance analytics can help businesses improve sales revenues, cut operating costs and reduce inventory. Our experience with mid-market manufacturers and distributors has shown that the deployment of financial and operational metrics is still an evolving process.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. By building common metrics and targets and jointly monitoring progress – companies avoid the misaligned incentives that damage so many collaboration efforts. Lower transportation and warehousing costs.

50 expert tips on logistics planning and strategy

6 River Systems

NetSuite has launched a supply chain snapshot feature that’s a central part of any control tower that shows all of your inventory and related transactions with the ability to filter by subsidiary, location, etc. Maintain and expand your inventory management strategies. “Maintaining inventory accuracy is important for both your customer-facing systems and your internal ones. Sit down with your executive team and really brainstorm what metrics matter to your business.

What the OTIF Mandate Means for Walmart – and What it Means for You (Part 2)

E2open

Thursday 1 March 2018. Now, however, since Walmart’s DCs and stores won’t be storing inventory in excess of optimal levels determined by demand and supply characteristics, they’ll effectively be passing the end consumer demand through to CPG companies. If the loss of inventory is a challenge, the filtering through of real demand is an opportunity. What the OTIF Mandate Means for Walmart – and What it Means for You (Part 2). brooke.

DC 60

What the OTIF Mandate Means for Walmart – and What it Means for You (Part 2)

E2open

Thursday 1 March 2018. Now, however, since Walmart’s DCs and stores won’t be storing inventory in excess of optimal levels determined by demand and supply characteristics, they’ll effectively be passing the end consumer demand through to CPG companies. If the loss of inventory is a challenge, the filtering through of real demand is an opportunity. What the OTIF Mandate Means for Walmart – and What it Means for You (Part 2). brooke.

DC 60

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. Trucks, Ocean Freighters, Planes, Rail, and Vehicle transportation all consume energy in the provision of their services. From an environmental standpoint this usually creates the need for intercontinental and transoceanic transportation, which by definition is a driver of carbon emissions. are generated by transportation. Subscribe Here!

5 Seismic Shifts in Supply Chain Technology!

Supply Chain Game Changer

Decision support includes all forms of planning: demand, supply, revenue, manufacturing, and transportation. For example, some companies are exploring how drones using machine learning can perform real-time inventory counts in warehouses, and others are considering how self-driving vehicles can be used for deliveries. What we have are historical practices and stalled progress on metrics. Subscribe Here! Email Address.

5 fundamental ways to reduce Last mile Delivery Costs

Abivin

The term “last mile” is more than just a buzzword in the logistics and supply chain industry, concerning the transportation of goods to the final destination. You can measure your fleet performance with 5 key metrics for last mile delivery. However, the inefficiency of delivering goods and difficulties in reaching end users trigger last mile problems by dint of high transportation expenses.

5 ways TMS transforms Logistics Managers' jobs

Abivin

That’s where the need for Transportation Management System (TMS) comes into play. Instead, you have reactive transport commands that are fast, efficient and very easy to work on. You are also equipped with a way to manage costs and handle internal metrics. Moreover, by implementing a TMS, the same logistics managers can streamline their transportation departments, connect their carriers to their 24/7 online networks, and improve the way they procure and manage freight.