Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This year (2020) when they cancelled the Tournament, they stand to get 144 mil $ from Insurance company. Build inventory hedge to cover for volatility and risk (from Just in time to Just in Case) : Understand demand and supply side shocks, volatility and develop Inventory hedging strategies.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. The bullwhip effect refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Article August 2020

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

What Happens to Retail in Fall 2020?

Logility

As retail companies enter the traditional “back-to-school” selling season, we must acknowledge there is nothing traditional about BTS 2020. Organizations across the world have been forced to pivot selling and inventory strategies to address the many issues brought on by Covid-19.

Retail 130

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Slowing demand means 6% lower imports from the GCC vs 2019 and 10% lower than 2020 forecast before the virus outbreak.” Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Work-from-Home, Trust & The Friday Factor – LogiSYM September 2020.

Inventory Replenishment Underway

Logistics Trends and Insights

Census Bureau inventory data, for June, indicates the need for inventory replenishment as the seasonal-adjusted sales to inventory ratio declined to 1.37 Total business inventories declined 2.3% for June/May while inventories declined 5.8% Inventory Replenishment.

11 Inventory Management Best Practices

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Use ABC Analysis to Categorize Your Inventory. Recognize the Relationship Between Sales and Inventory.

Business Intelligence vs. Inventory Optimization: Are You Solving Symptoms Instead of the Real Problem?

ToolsGroup

In my decades of working in replenishment and inventory optimization, I’ve noticed that many companies seek solutions to symptoms rather than the underlying problem. They want to have an aging report for inventory or a report on vendor performance. Let’s examine the first: inventory aging reports. It’s great to know what inventory is aging and what might need to be written off, marked down or transferred. Too often, inventory levels are a result of human emotion.

What is Inventory Forecasting?

EMERGE App

What is Inventory Forecasting? Wait, what has this got to do with inventory forecasting? The Goldilocks Principle of having something that is not too hot and not too cold has been used for everything from the search for habitable Earth-like planets to inventory management, and of course, the perfect porridge temperature. I’ll show you that inventory forecasting is not some dark art that is mastered by a few consultants. So, what exactly is inventory turnover?

Vendor Managed Inventory (VMI): Everything You Need to Know

EMERGE App

Within the global supply chain, vendor managed inventory (VMI) is becoming an essential service. That is why most retailers will opt for managed inventory to guarantee an increase in delivery rates. . In return, this will improve inventory management. Customer Orders Inventory.

Inventory Management Requires More than a WMS

DSI

A supply chain director for a large global manufacturing organization recently told our team, “We have invested heavily in successfully managing inventory and are utilizing our warehouse management system [WMS] to drive our digital transformation efforts and optimize our supply chain.”

Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. That’s where a lot of the money had been deployed up until March 2020. The post Why investors are looking at supply chain technologies in 2020 appeared first on Requis.

3 Common Inventory Management ‘Sins’—And How to Avoid Them

Logistics Bureau

Three rules are really important in inventory management. Excess inventory. 3) Draft an Inventory Policy. If you don’t have an inventory policy: 1) You won’t get consensus. Three rules are really important in inventory management. Excess inventory.

3 Best Practices to Improve Your Flatbed Shipping Performance

CH Robinson Transportfolio

Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. When it comes to flatbed shipping, each industry faces unique challenges in seasonality, regulation, competition, and scalability.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

The IMO’s (International Maritime Organization) new Sulphur regulations, IMO 2020, will have far-reaching consequences for the global trade community. The ships now have to reduce their Sulphur emission by over 80% – 85% by switching to Lower Sulphur Fuel. IMO 2020: The basics, the challenges, and how to lessen its impact on you. What is IMO 2020? Ships and carriers use heavy fuel oil that contains Sulphur. The post IMO 2020 is Here. Subscribe Here!

Touchless Fulfillment and Shipping!

Supply Chain Game Changer

Touchless fulfillment and shipping article, and permission to publish here, provided by Jenis Sheth. Supply chains all across the planet are discovering and rediscovering various solutions to make shipping and fulfilment touchless. Touchless Fulfillment and Shipping (New Normal).

Top 5 Supply Chain Trends to Watch in 2020

OneSCM

The online shopping conveniences offered by large retailers like Amazon have led to increased consumer expectations – including rock-bottom prices, endless product variety and fast shipping – all of which affect each part of the global supply chain. Pre-Fulfillment and Distributed Inventory Reign.

Trends 150

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

6 River Systems

This compilation is based on the most currently available company revenue data (between 2018 and 2020) without factoring in any other metric. Read on to learn more about the top revenue-earning 3PL warehousing companies in 2020.

Supply Chain Disruptions Are New Opportunities – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

The enforcements of draconian lockdowns, various economies have experienced severe shocks, adversely affecting global trade, global tourism & travel, International Aviation and Airports as well as International Shipping and Ports. Article October/November 2020

Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic

PINC

live/drop, type of inventory, type of equipment, load status, etc.). There’s no more the need for gate personnel or shipping and receiving office teams to interact with drivers at check-in and check-out. We would like to add to West’s point that It’s also imperative that trailers, containers, and inventory are tracked not just over the road but also while these assets are parked at facilities across the U.S.A. .

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

Global supply chains are fundamentally rearranging and there’s a lot of reflection on how the urge to optimize efficiency (whether it was offshoring manufacturing to keep labor costs down, or making supply chains very lean to cut inventory costs) made supply chains more fragile.

Why Peak Season 2020 Is a Novel Opportunity | Talking Freight VIDEO

Cerasis

[link] Let’s Talk – 2020 Peak Season Every summer and early fall, shippers and carriers around the globe begin to prepare for the peak shopping and shipping seasons. Peak Season Videos Peak Season 2020

Video 167

What are Ecommerce Shipping Zones?

Supply Chain Game Changer

Shipping Zones article originally published by, and permission to publish here provide by Jake Rheude at redstagfulfillment.com. Carriers such as FedEx, UPS, and USPS use shipping zones to determine the shipping cost of a package. In the continental US, most carriers break down the country into seven shipping zones, (numbered 2-8). ECommerce businesses need to pay attention to shipping zones. Shipping Zone Definition. Shipping zones aren’t fixed.

5 Tips to Improve Omnichannel Inventory Management

Unleashed

That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky. Many brands are turning to omnichannel inventory management to meet the challenge. We’re going to share five tips to help you make omnichannel inventory work for you. What is Omnichannel Inventory Management?

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Ware2Go, Google Fast-Free Shipping Offers Aim at Conversion Lift

Multichannel Merchant

Ware2Go, a UPS-owned company that provides fulfillment on demand through partnership with warehouse owners, through an integration with Google Shopping lets merchants offer free shipping early in the search and discovery process on Google, aimed at increasing conversion.

Why Medical Device Companies Need End-to-End Inventory Visibility

DSI

The constant and rapid movement of inventory in the medical device industry wreaks havoc on manual, paper- and spreadsheet-based systems. Inventory visibility gaps result in missed orders or excessive safety stock. Benefits of end-to-end inventory control include: Productivity.

The 2020 Consumer: How the Pandemic Changed Everything

Supply Chain Nation

The chaos of 2020 is expected to speed up the growth of omni-channel and e-commerce by 30%. same day pick up, same-day delivery, curbside, BOPIS, or standard shipping. So, what does it take to be a successful retailer in 2020? .

ERP inventory management – how advanced is your ERP?

EazyStock

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. Does your ERP optimize your inventory levels?

Improving inventory management

EFT

What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. In his opinion the way you do that is “By putting inventory close to customers.

What to Know Before Implementing a New Inventory Management System

DSI

If your organization is looking to make big improvements to your bottom line, a new inventory management system could be the solution to a problem you weren’t actually aware is impacting company success–especially for organizations using paper-based processes or multiple disconnected ERP and inventory systems. Optimizing inventory movement is key to improving success. A full inventory management solution switch-over has remarkable potential to transform businesses.

Containerized Shipping – Technology Advancements And Value Creation

Gravity Supply Chain

Learn about the benefits of containerization and how Gravity supply chain solutions’ container tracking feature enables real time visibility of your cargo.

The World’s Largest Brands Are Using Inventory Accuracy and Yard Automation to Fight COVID-19 Chaos

PINC

In an uncertain world where supply chain disruption is becoming a certainty, here’s how good inventory management enabled by automation can help companies gain the supply chain visibility they need to keep the wheels turning. ” Maintaining the Right Inventory Balance. “But amassing inputs or inventory puts them at risk for markdowns or lost investments if merchandise goes out of style or materials deteriorate before they can be used for production.”

Why Now is the Time to Choose LCL Shipping

CH Robinson Transportfolio

Less than container load (LCL) shipping is rapidly becoming a go-to service option for businesses seeking help in a complex global logistics industry. As COVID-19 affected businesses around the world, the need for expedited LCL shipping grew significantly.