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COVID-19: Implications on inventory planning, sourcing and procurement

EFT

It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. Visibility is the centrepiece … not only in terms of where my inventory is, in which channel, and where to move it, but also in consumer demand, and how can I be ahead of that game and forecast the demand?”

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". As I’ve mentioned in previous articles supplier relations are an essential component of a sustainable and functional supply chain. Procurement

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Top 7 Benefits of System driven Inventory Projections

Arkieva

Scientific and system-driven Inventory Projection facilitates a quick decision-making process and enables a prompt analysis of alternative what-if scenarios. The following are the top 7 benefits of system driven inventory projection. Top 7 Benefits of System driven Inventory Projections was first posted on September 5, 2019 at 10:26 am. ©2017 If you are not reading this article in your feed reader, then the site is guilty of copyright infringement.

Featuring Our 10 Best Warehouse Order Fulfillment Articles!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Our latest “Featuring” series article covers the topic of Warehouse and Distribution Centre order fulfillment. So take some time and check out our very best Warehouse and Distribution Centre fulfillment articles! Check out another of our “Featuring” articles. The link below is to our top Procurement and Purchasing articles. Featuring Our 12 Best Procurement Articles!

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Origin of Logistics & Supply Chain Revealed! - SupplyChainOpz

Supply Chain Opz

Origin of Logistics & Supply Chain Revealed! What do we know about "Logistics" and "Supply Chain" to date? The purpose of this article is to shed the new light on this topic, who coined the terms, the true meaning of the terms and its relationship with other disciplines. According to Lummas et al 2001 , the word "Logistics" in English appeared in the article as early as in 1898. 2) Origin of "Logistics". NAVIGATE. Basics. Case Studies. Graphics.

The Supply Chain Detective™ and the Inventory Turnover Mystery!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! The company I had just joined went to market declaring that it was a world leader in Distribution and Logistics. As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. There was no mentorship given to promote the team and raise visibility to inventory. Subscribe Here! Email Address.

Do You Understand Your Chief MRO Inventory Challenges?

Logistics Bureau

Given this knowledge then, does your organisation place enough importance on the management of MRO inventory? If yours is one of them, and you’re wondering where and how to start getting a grip on MRO inventory, this post might help. Read on to discover the most common MRO inventory challenges and issues, the consequences of leaving them unresolved, and most importantly, the potential benefits of overcoming them. MRO Inventory Forecasting: A Matter of Opinion?

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field. Article July 2020

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Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

In our article “ What Exactly is Supply Chain Management? SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. supplychainmanagement #humanresources #procurement #logistics #jobs.

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What is Inbound Logistics and How Can a 3PL Help?

Kanban Logistics

What is inbound logistics? See, there’s a big difference between handling inbound logistics yourself and outsourcing it to a trusted North Carolina third-party logistics (3PL) provider that knows the manufacturing industry. What is inbound logistics?

5 Best Logistics Books for Beginners

Supply Chain Opz

Are you a beginner and you want to learn about each logistics function? We will show you 5 logistics books that will help you learn faster than any other books. Why is Logistics a Good Career? In the United States, the median wages for a Logistics Manager is around $90,000 annually. So, the career in logistics management can be very lucrative if you have a career plan and keep on developing yourself. Are there any other logistics books you love and why?

Using Lean Management for Inventory!

Supply Chain Game Changer

Lean management article originally published by Veridian at [link] Permission to publish here provided by Jason Rosing. What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management?

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Experts Choice Of Top Online Logistics Resources

Freightos

The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. Experts’ Choice: Supply Chain and Logistics Email Newsletters. This is the experts’ selection – but if we had to choose just one, our go-to read is the fast-rising WSJ Daily Logistics Report. Ti Logistics Briefing.

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

The Logistics & Supply Chain Management Society

For an industry that increasingly requires higher logistics pipeline velocity without sacrificing accuracy and at lower costs, RPA is a natural choice for high performing supply chain organisations. Procurement. Inventory Management. Article August 2020

Can an AI put together your procurement better than you?

EFT

GoExpedi, a procurement solutions and supply chain management provider, has announced the initial release of predictive ordering capabilities for its e-commerce and company management platforms. GoExpedi will continue to provide data analysis for all its customers which includes reviewing catalog management, inventory planning and cost reduction.

How AI Solves the Riddles of Inventory Management

Aera Technology

by Kaushal Dave, Vice President of Cognitive (AI) Solutions, Aera Technology The problems that pervade inventory management are well known: Excess inventory languished in warehouses, tying up millions of dollars in working capital. Multinationals employ thousands of planners and spend millions of dollars on alphabet soup of software to manage inventory and other links in the supply chain, from ERP, MES, MRP, CRM and WMS to planning and logistics tools.

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

The Logistics & Supply Chain Management Society

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. Working closely with partners can help mitigate some risk and avoid disruptions / obstacles to logistics. Article September 2020

What is Supply Chain Management (SCM)? (Video)

Supply Chain Game Changer

What Exactly Is Procurement? Our most popular blog article of all time on Supply Chain Game Changer was the article What Exactly is Supply Chain Management? What Exactly Is Reverse Logistics? supplychainmanagement #scm #supplychain #procurement #logistics #distribution #purchasing #technology. Subscribe Here! Email Address. And What is Purchasing? What is Supply Chain Management?

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This Week in Logistics News (March 23-27, 2015)

Talking Logistics

Now, on to this week’s supply chain and logistics news… Penske Logistics Reaches Agreement to Acquire Transfreight North America. This week it was Penske Logistics announcing that it is acquiring Transfreight North America from Mitsui & Co., Transfreight offers customized logistics solutions that include network optimization / rationalization solutions. Desperate times call for desperate measures.

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This Week in Logistics News (August 1-5, 2016)

Talking Logistics

Now, on to this week’s supply chain and logistics news…. TPG Capital to Acquire a Majority Stake in Leading Cloud-based Logistics Platform Transporeon. Cloud Logistics Announces Banner Results For The First Half of 2016. Here are some excerpts from the article: Amazon already is operating a fleet of 10 Boeing 767 freighters, flying daily out of its air hub in Wilmington, Ohio. And we have more than enough package supply to utilize the 40 planes we’ve procured.”.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? I was a little late getting started in 2018, and we were already into 2019 when I got round to publishing my usual trends article.

Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

Omnichannel logistics challenges. The expectation of instant consumer gratification has businesses scrambling to shore up their supply chain to ensure cost-effective on-time delivery, which is where omnichannel logistics comes into play.”[3] ”[3] Legacy staff members identify 9 top omnichannel logistics challenges businesses generally face. Lack of Inventory Visibility and Metrics. Carrying inventory is a necessary evil. Reverse Logistics.

Jobs and Career Paths in Supply Chain and Logistics

Logistics Bureau

Are you fresh out of college or university and planning to enter the supply chain or logistics profession? Either way, you might find this article of value, because we’re going to discuss some of the positions you might aim for among the vast range available, and the career paths associated with them. However, it also means that the paths discussed in this article are mere possibilities, rather than absolutes. Types of Job in Supply Chain and Logistics.

Technologies are changing the Logistics Picture

Enterra Insights

According to Steve Geary, President of the Supply Chain Visions family of companies and Chief Operating Officer at ROSE Solutions, logistics is the key tool in the supply chain professional’s kit. He explains, “Sun Tzu said, ‘The line between disorder and order lies in logistics.’ With the advent of digitalization, the logistics and supply chain industry is getting a complete makeover.”[2]. Emerging Logistics Technologies and Trend.

Still Don’t Know How Many Slaves Are In Your Supply Chain?

Talking Logistics

Last week, the Chartered Institute of Procurement & Supply (CIPS), a leading international body representing purchasing and supply management professionals, issued a press release highlighting findings from a survey it conducted showing that relatively few companies are ready to comply with the UK’s Modern Slavery Act , which was passed in March 2015 with enforcement set to begin on April 1, 2016. appeared first on Talking Logistics with Adrian Gonzalez.

Are We Facing the End of Supply Chain Management?

Supply Chain Game Changer

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. A new article in Harvard Business Review has been generating some automation-related controversy in the Supply Chain Community, as well as lots of buzz and interesting conversation. Companies will always need people who can build relationships with vendors when conducting large-scale Procurement.

The Changing Landscape of Real Estate in the Logistics Industry

Logistics Bureau

This article delves into the changes that new commercial business models, customer expectations, and technology are bringing about in the logistics environment, focusing particularly on how those changes are impacting the planning, procurement, design, layout, and operation of distribution centres. Real Estate in the Logistics Industry: A Changing Landscape. If that trend continues, their growth in logistics could be even more remarkable.

It’s Time to Welcome The Supply Chain CEO!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. For example, we wrote recently about how Amazon’s purchase of Whole Foods Market represents more than a new stream of brick and mortar business, but the possibility of improving its last mile delivery – the so-called “Holy Grail of Logistics,” and therefore gaining a further leg-up over its eCommerce competitors in the grocery category. This great article provided some great perspective on the topic.

Create a Responsive Supply Chain to Handle Peaks and Lulls!

Supply Chain Game Changer

Responsive Supply Chain article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. As noted by Inbound Logistics , “Many manufacturers start assembling products, mapping out product specs to determine capacity needs, and working with their transportation and distribution partners on reliable and cost-effective logistics solutions up to six months in advance.”. Reduced inventory carrying costs. Subscribe Here!

Top 5 Logistics Technologies

FLEXE

The Top 5 Modern Logistics Technologies. The business of Logistics is evolving. We recently published an article about how the Internet of Things is changing several aspects of the supply chain and in recent posts we’ve also discussed additional new innovations, like freight marketplaces and supply chain design technologies that help make the supply chain more efficient, responsive and competitive. 2) Advanced Inventory Tracking Technologies.

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 key takeaway here is that companies need to take a holistic and integrated approach to how they procure, plan, and execute their transportation operations. But it’s no joke, it’s true.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! Article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. Procurement departments must take the full burden of ensuring supplier consistency. riskmanagement #supplychainmanagement #procurement #distributionlogistics. Freight and Logistics Guest Blog Post Procurement Supply Chain Management Distribution Logistics Risk Management

The Future of Supply Chain Belongs to Those Who Can Find the Talent!

Supply Chain Game Changer

Article originally published at [link] and permission to publish here provided by Dave Joseph. They must oversee inbound and outbound inventory, manage warehouse space , consider order processing, handle employee complaints, report to stakeholders, supervise new system implementation and address the looming skills gap. humanresources #jobsatisfaction #jobsearch #jobseeking #supplychainmanagement #procurement #logistics #talentmanagement. Subscribe Here! Email Address.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

There are articles which describe what the future of Supply Chain will be like in 2020, 0r 2025, or even 2030. Our first belief is that the future Supply Chain must be based on a “Don’t Touch” philosophy, which we discussed in our article A Don’t Touch Strategy Will Dramatically Lean Out Your Supply Chain! Now consider that this same data entry occurs between all suppliers, customers and logistics carriers. Subscribe Here! Email Address.

Inspirational Supply Chain Quotes

Supply Chain Game Changer

Article originally published and provided by [link]. During the last war, eighty percent of our problems were of a logistical nature.” ~ Field Marshall Montgomery. Bottlenecks govern both throughput and inventory.” ~ Eliyahu M. The line between disorder and order lies in logistics…” ~ Sun Tzu. Freight and Logistics Guest Blog Post Procurement Supply Chain Management Leadership Quotes SCM supplychain supplychainmanagementSubscribe Here!