Talking Logistics

JUNE 15, 2018

Those three companies are investing significant money and resources to transform their distribution networks, which were originally designed to flow truckloads of products from large distribution centers to stores but are now becoming outdated in this new market where speed of delivery and inventory reduction are paramount.

Pricing Training 101

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Supply Chain Shaman

AUGUST 26, 2015

Vendor Managed Inventory processes–once hailed as the panacea of demand sensing–largely operate in isolation within sales organizations (of the thirty-three organizations that we interviewed last year, no market leader has connected these demand signals). It was a cold, crisp winter in Boston.

Supply and Demand 150

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Kanban Logistics

NOVEMBER 19, 2020

It also enables the 3PL to perform inventory management protocols like FIFO (first in first out; the oldest lots of items will be distributed first) and FEFO (first expired first out; the products closest to their expiration dates will be distributed first). Items that have common characteristics important to the manufacturer (e.g.,

Pharmaceutical 52

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Supply Chain Shaman

SEPTEMBER 28, 2012

Most companies have made their own organizations more efficient (ROA), but they have not reduced inventories and they have pushed costs back in the supply chain on suppliers that are less able to bear them. Look at the gyrations of Boston Scientific and Eli Lilly for the same period of time. Consider figure 1 re Healthcare.

Pricing Training 261

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synchrono

OCTOBER 30, 2017

My training as a U.S. reduced inventory waste and carrying costs and more) asking people to change the way they work is also real. There is a real cost of carrying inventory and eliminating this cost frees up accessible cash that can be reinvested into the company. Leadership matters. I know it sounds simple.

Inventory Reduction 38

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Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Short cycles require buffer inventories and short lead times.

Supply and Demand 150

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Logistics Viewpoints

MARCH 25, 2022

In the early morning hours of March 18, 1990, two men, disguised as police officers, talked their way into the Isabella Stewart Gardner Museum in Boston, where they blindfolded and tied up the two security guards, and made off with thirteen works of art. Last Friday marked the 32 nd anniversary of the largest art heist in the world.

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ToolsGroup

DECEMBER 11, 2023

Boston Consulting Group estimates that this year — and for the foreseeable future — a full 60% of stock will be sold via markdown. They train the consumer not to buy in-season because they can come back in three months and get a discount. Markdowns have now become a critical survival strategy for retailers. It’s a vicious cycle.”

Price Reduction 156

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Freight Plus

SEPTEMBER 6, 2019

If you had a shipment in Los Angeles that was going to Boston, the best way to do it was to have a local truck pick it up in, say Rancho Cucamonga, and take it to a car loader, which was a cross-dock operation with a rail siding. The car loader would pack, high and tight, your shipment in a rail car along with other shipments going to Boston.

Pricing Training 40

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Arena Solutions

MARCH 9, 2023

On May 15 – 18, 2023, professionals across the industrial enterprise will have the opportunity to attend PTC LiveWorx in person at the Boston Convention and Exhibition Center. Trainings will cover project management, supply chain management, compliance, access policies, and more.

Supply Chain Design Software 77

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New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Procurement planning functionality (essentially the planning of future purchase orders) is typically a subset of broader supply planning applications that plan manufacturing work orders, inventory levels, shipments, as well as purchase orders, to meet demand.

Procurement Solutions 52

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Kanban Logistics

MARCH 16, 2022

Furthermore, some 3PL providers – like Kanban Logistics – have multiple facilities and can cross-train associates and “borrow” them between facilities as needed to meet project demands. . Such systems are designed to provide you with real-time visibility into the status of your inventory along with shipment status, parcel tracking and more.

Warehousing 52

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synchrono

DECEMBER 18, 2017

With eKanban implementations, this can be any number of problems including excess materials on hand, slow inventory turns, too much scrap and more. If you’re not using a manual Kanban system, map the current inventory replenishment process.) For example, they were literally logging 7 miles a year to track down inventory!

Inventory Reduction 104

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6 River Systems

OCTOBER 30, 2019

It also allows existing employees to spend less time lugging boxes or finding inventory and more time doing the more complex parts of their job that are difficult to automate. Those inventory systems require more attention because of this (a human gig), as do programming and maintenance.

Warehousing 78

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The Logistics & Supply Chain Management Society

JULY 21, 2020

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A significant paradigm shift in procurement and inventory control is an emerging area of focus.

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ToolsGroup

MAY 18, 2022

There are Five Symptoms of Outdated Forecasting and Inventory Planning Software: Have you diagnosed your problem– and solution–to improved demand planning? Supply chain shortages, global events, and inflation all make it harder than ever for companies to accurately predict customer demand.

Manufacturing Procurement 156

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Enterra Insights

JULY 17, 2018

Among those predicting technology will make humans redundant are supply chain and retail expert Allan Lyall and his Boston Consulting Group colleagues Pierre Mercier and Stefan Gstettner. Using RFID tracking allows business owners to improve inventory management and increase the control they have over the location of their products.

Supply Chain Software 100

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6 River Systems

JUNE 29, 2020

Senior management should set the tone, announcing that anticorruption efforts remain a priority, and ensure the message reaches all employees and partners by mandating training, reinforcing the code of conduct, and reiterating that now is not the time to circumvent the rules — even if doing so would temporarily speed up business processes.

Supply Chain Planning Software 116

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6 River Systems

JULY 25, 2019

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required.

Supply Chain Planning Software 96

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Enterra Insights

SEPTEMBER 7, 2018

Sam Ransbotham ( @Ransbotham ), an associate professor of information systems at the Carroll School of Management at Boston College, observes, “Fast-improving technologies are fascinating but frustrating. Scanning your physical inventory. Training your other algorithms. ”[4] That’s never a comfortable feeling.

Forecasting Software 100

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Logistics Viewpoints

JUNE 18, 2021

The program will use an MBTA commuter rail train to create a rolling vaccination site that will make stops at stations in disproportionately impacted communities with low vaccination rates. Starting this past Wednesday and rolling through Sunday, the Vax Express will visit Boston, Mattapan, Worcester, Lowell, Lawrence, and Fitchburg.

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Talking Logistics

APRIL 7, 2015

First, being able to manage inventory much more efficiently because it all can be seen, down to the individual SKU-level. The net result of a more reliable, predictable supply chain relates directly to the ability to reduce safety stock and overall inventory. Two significant benefits stem from this.

Supply Chain Design Software 100

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