How to Beat Your Pharma Inventory Management Challenges with OTIF?

Roambee

A pharma giant recently overcame its supply chain security and inventory management challenges and optimized their logistics using the power of real-time logistics visibility. This article aims to highlight the importance of a battle-tested pharma inventory management system.

How This Pharma Giant Beat its Theft and Overstocking Challenges with OTIF

Roambee

It achieved lean resilience by building an On-Time, In-Full (OTIF) delivery process across 10,000 shipments serviced by more than 11 transport partners using door-to-door shipment monitoring.

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3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena

The Logistics of Logistics

Robert Cadena is the Co-Founder and CEO of Lean Staffing Solutions, which provides operational, marketing, sales, and technology services to the logistics and transportation industry. About Lean Staffing Solutions. Lean Staffing Solutions is that edge. Air Cargo.

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#1 Way to Save on Global Forwarding

CH Robinson Transportfolio

Look at ocean cargo consolidation (less than container load, or LCL). The process of cargo consolidation results in better freight rates for you, and better cargo security measures. Cargo consolidation is a strategic option for many shippers—especially those with a lean supply chain or in a just in time environment. But they willingly spend more on shipping so they can spend less on inventory, storage, returns, and other costs.

Applying History’s Lessons to New Resiliency Plans

CH Robinson Logistics

Due to lean inventory strategies, many manufacturers only keep 15-30 days of inventory on hand. Shippers are not leveraging scenario planning as a best practice and remain focused on lean supply chains that focus on minimizing inventory and total number of suppliers.

A ‘Beached Whale’ in the Suez Canal: Stuck Working Capital

NC State SCRC

By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. That’s what its costing companies to have their cargo sit there.

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Global Supply Chains — A Source of Strength

Enterra Insights

Quick delivery, lean operations and a widely distributed footprint have been the top priorities. There has been plenty of bad supply chain news over the past year. At the beginning of the pandemic, some analysts believed the global supply chain was on the verge of breaking.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. It is safe to say that if a warehouse operation is not implementing Lean, it is falling behind its competition. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers.

El Niño May Have Your Supply Chain Partying Like It’s 1997

Kinaxis

As a result, some shipments moving from Asia to the Gulf Coast and eastern ports of the United States will be forced to reduce cargo loads to meet the new requirements. Assess Inventory Positions. While “lean” has been the mantra of supply chain management for decades, having the foresight into extraordinary events like El Niño may necessitate deviating from standard inventory positions.

The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

While lean manufacturing and just-in-time were game-changing concepts when they were introduced, agility and resilience must be taken to an entirely new level post pandemic. Natural disasters. Geopolitical events. Tariffs and trade regulations. The rise of ecommerce.

9 Headlines Striking Fear into Shippers Lacking a Strong TMS

Supply Chain Collaborator

Headline: Intermodal Cargo Falls in 4Q for First Time Since 2009. Headline: US Rail Stocks Seen Rising 20% This Year Despite Six-Year Low for Cargo in 2015. Analysis: Intermodal cargo falls in the end of 2015 for the first time since the Great Recession and the economic strength that has been propelling the rise in rail stocks and earnings has seemingly halted in the face of six-year lows for cargo – again a sign of sloughing manufacturing production.

Experts Choice Of Top Online Logistics Resources

Freightos

Air Cargo World. This American based niche news site specialises in air cargo. Cargo Business News.com. based niche site, covering air, sea, rail and road cargo news. But within that, it has a very broad scope covering, not just air cargo, but all aviation, aerospace and space news. This niche site focusses on all things Aviation, with plenty of air cargo news. Educational research into cargo and freight. The Lean Thinker.

Trusted partners key to supply chain for humanitarian aid

The Supply Chain Journal

That includes asking for-profit companies to donate products or services, using the inventory they have on hand or simply using their privileged access to medical supplies to speed up the process. Direct Relief often leans on manufacturers or suppliers for donations.

Air Freight Trends to Watch in 2019

CH Robinson Transportfolio

Nothing in the Purchasing Managers’ Index®, Inventory-Sales ratio, or consumer confidence trends would indicate an impending surge in demand. Airlines that operate both passenger and cargo aircraft are keen to leverage passenger flights—with high yield passengers on the main deck and cargo in the belly—and limit exposure on freighters. Generally speaking, there are more aircraft in the air with less cargo capacity per flight.

West Coast Port Strike Update

CH Robinson Transportfolio

Cargo will continue to move and operations will carry on at the port until an agreement can be reached through these disruptions. For retailers, already lean inventory levels could lead to empty shelves. As a follow up to my previous blog post on the potential port strike , I wanted to provide an update of the situation. It’s after June 30, and yet no deal has been reached. The current contract has been extended briefly, until July 11 2014.

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Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. Zara also works with Air France, KLM Cargo and Emirates Air in order that they can coordinate directly with the airlines to make the outbound shipments to its stores and bring back some raw materials and semi-finished materials with return legs. The answer is that they use the multi-echelon inventory model to solve the problem.

Air Freight Trends to Watch in 2019

CH Robinson Transportfolio

Nothing in the Purchasing Managers’ Index®, Inventory-Sales ratio, or consumer confidence trends would indicate an impending surge in demand. Airlines that operate both passenger and cargo aircraft are keen to leverage passenger flights—with high yield passengers on the main deck and cargo in the belly—and limit exposure on freighters. Generally speaking, there are more aircraft in the air with less cargo capacity per flight.

Three Questions: Your Key to Saving in Global Forwarding

CH Robinson Transportfolio

Look at ocean cargo consolidation (less than container load, or LCL). The process of cargo consolidation results in better freight rates for you, and better cargo security measures. Cargo consolidation is a strategic option for many shippers—especially those with a lean supply chain or in a just in time environment. But they willingly spend more on shipping so they can spend less on inventory, storage, returns, and other costs.

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Chain of Custody: The source of control in global supply chains? – IoT Beyond the Buzz

Global Trade Management

The logistics industry is slowly being transformed to the point when the utilization of the electronic data environment will become the norm in the industry and the additional technological advancements in IoT technology will enable the integration of complete cargo supply. While monitoring cargo in-transit, who guarantees, that the right person receives the needed notifications and takes appropriate actions? To read more about cargo tracking and monitoring visit the company blog

24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.”

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year. The company’s growth, driven by customer demand, is supported by a lean business model. The world of supply chain and logistics is changing every day.

[INFOGRAPHIC] AI Technologies: The Role of Humans & The Application in Logistics

GlobalTranz

Dr. Andy Chun , Associate Professor in the Department of Computer Science and Chief Executive Officer of a spin-off company from CityU, BonVision Technology (Hong Kong) Limited, which is a leading provider of AI technologies and his team have also applied AI techniques to other cargo handling companies, such as Hong Kong Air Cargo Terminals Ltd, Hong Kong International Terminals, and Modern Terminals Ltd.

The Top Dozen Supply Chain Innovations of All-Time

Operations and Supply Chain Management

The Kiva Robotic Picking System: The idea for the orange AGV-like robots that bring inventory to order pickers was first conceived in 2003 by CEO Mick Mountz, and with the help of some MIT professors Kiva brought the technology to market less than two-years later. 4: Economic Order Quantity (EOQ): Economic Order Quantity is a mathematical approach for determining the financially optimal amount of product to order from suppliers based on inventory holding costs and ordering costs.

5 Advantages of Shipping LTL Freight

Freight Plus

Every shipment you send out frees up space for new inventory within your warehouse. Not only does this allow for a lean process flow within your warehouse, but it also allows the consignee to purchase in shorter cycles while reducing their own inventory. Shippers can specify needs like lift gates, inside pick-up and delivery, cross docking, non-commercial shipments, event notifications, cargo tracking, etc. Normal. false. false. false. EN-US. X-NONE. X-NONE.

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Letter from the CEO: Market Update March 26, 2020

Transplace

Inventory and manufacturing flexibility are a key component to serving this market. Business that leaned toward southbound flows from the U.S. passenger airlines such as American and United are using passenger planes to move cargo only between U.S.