Logistics Viewpoints

JULY 31, 2023

Unilever (NYSE: UL) is one of the world’s largest consumer goods companies. This multinational operates 280 factories and 500 warehouses, that source raw materials from 52,000 suppliers in over 150 countries, processes 25 million customer orders annually, that are then shipped to customers in over 190 nations.

Inventory Reduction 170

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The Logistics of Logistics

MAY 8, 2023

Square1 primarily serves clients in the Beauty, Packaged Food, Apparel, and Consumer Goods industries, and currently works with 40 domestic and international clients. Poor quality – If your 3PL is causing issues such as product damage or shipping the wrong products, it can have a detrimental effect on your business.

3PL 215

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Logistics Viewpoints

MARCH 27, 2023

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down.

Forecasting 189

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Alloy

SEPTEMBER 3, 2019

Without this visibility into available inventory and focus on looking ahead to the future, you’ll find it hard to deliver the data-driven recommendations that retailers are looking for from their top partners. It’s calculated by dividing Retailer COGS by the average inventory on hand during the period. Weeks of Supply.

Forecasting 40

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Supply Chain Shaman

SEPTEMBER 20, 2015

Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. The company is a Fortune 500 company serving four major markets: Data Centers, Client Computing, Mobile and Connected Devices and the Consumer Markets. It is systemic. Does it work?

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Freightos

DECEMBER 20, 2022

More than 80% of goods – by volume – are moved by ocean freight globally, so shipping costs directly impact the price level of imported goods. These same goods account for about 20% of the items measured in the Consumer Price Index, or CPI. and 0.87% of consumer spending and between 0.5

Purchasing Skills 156

Purchasing Skills Analysis Cost Reduction Strategies Freight 156

Supply Chain Matters

DECEMBER 28, 2023

An initial estimate of this year’s retail holiday spending indicates a mixed bag, depending on either retail industry, consumer goods producer or logistics and transportation industry perspectives. Consumers were expecting that there would be adequate inventory of goods even up to two days before Christmas.

Forecasting 52

Forecasting Apparel Inventory Reduction Journal 52

Logistics Viewpoints

JUNE 26, 2023

Mars is one of the largest fast moving consumer goods companies in the world. For the largest retailers, short shipping results in fines and penalties. “I’ll The algorithms generate recommendations on optimal ways to rebalance inventory based on cost and service level impacts. The change management was difficult.”

Supply Chain Planning Software 207

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Supply Chain Matters

FEBRUARY 25, 2022

In a Supply Chain Matters commentary published earlier this month, we highlighted for readers that the implications of rapidly rising producer prices and end-product consumer goods inflation on industry supply chains. West Coast ports currently averaging over 100 days, more inventory is sitting on ships and not able to be sold.

Supply Chain Planning 40

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Supply Chain Matters

AUGUST 22, 2022

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .

Inventory Management Software 52

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Supply Chain Matters

MAY 17, 2022

Walmart CEO Doug McMillon indicated to investors that inflationary costs related to rising fuel and inventory costs created more pressures on margins than previously expected and that the retailer is now adjusting. Online retail shipping volumes reportedly declined 3 percent on a year-over-year basis and noted as the largest drop since 2016.

Supply Chain Planning Software 52

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Logistics Viewpoints

JANUARY 11, 2023

Inventory Management in a High Inflation Environment ; Clint Reiser. Instead, they are likely to carry higher levels of inventory as a lower cost alternative to minimizing disruptions. Beware the Swinging Pendulum on Supply Chain Inventory Practices ; Polly-Mitchell Guthrie ( Kinaxis ). Will it take decades? Clint Reiser.

Logistics Network Optimization Software 216

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Operations and Supply Chain Management

OCTOBER 18, 2021

Forecasting Shipping Delays; Cargo Swamps Airports; Alibaba’s Challenge. The supply-chain problems are helping drive stronger inflation, the WSJ’s Gwynn Guilford and Anthony DeBarros report , as rising transport and other logistics costs flow through to the cost of consumer goods. ?. Trouble viewing this email? By Paul Page.

Forecasting 52

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Supply Chain Matters

FEBRUARY 23, 2023

Carriers and logistics services providers experienced windfall profit levels in their ability to leverage the constant disruptions and ship deployment imbalances into skyrocketing spot rates, added services fees, surcharges or demurrage penalties. Barclays in-turn cut 2023 earnings estimates for Maersk and Zim Integrated Shipping Services.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Price Reduction Cost Reduction Strategies 52

CH Robinson Transportfolio

NOVEMBER 19, 2020

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. wind, solar, utilities).

Optimal Sourcing 44

Optimal Sourcing Material Savings Shipping Price Reduction 44

Logistics Viewpoints

MARCH 25, 2021

The pandemic drove up prices on many consumer goods as people shifted spending to e-commerce and bought at holiday levels in early spring. The system wasn’t prepared for the surge, driving up pricing for transportation and sapping inventory levels. Price fluctuations and sourcing issues.

Supply Chain Planning Software 309

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 309

EMERGE App

MAY 28, 2019

Here, we’ll start by covering what reducing your inventory means. Then we’ll summarise some inventory holding costs that you might not know about. Finally, we’ll cover 5 ways that you can take to sensibly reduce your inventory now. What Does Reducing Your Inventory Mean? What Are Inventory Holding Costs?

Inventory Reduction 45

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 45

QAD

NOVEMBER 17, 2022

The other 50% consists mostly of shipping containers carrying smaller consumer goods. While responding to supply challenges by adapting to new ways of working, increasing inventories and improving digital and risk management strategies, manufacturers understand the harsh truth: . Inventory management.

Scenario Planning 96

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Enterra Insights

JANUARY 14, 2022

Lisa Johnston ( @thatljohnston ), Senior Editor at Consumer Goods Technology, writes, “Much has been written about the extreme shifts in consumer behavior patterns.”[2] According to the CGT/RIS Executive Council, consumers are more likely to buy from enterprises that offer fast shipping and customer loyalty programs.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Packaging Supply and Demand 130

RFgen

MAY 8, 2016

Proper temperature prevents certain inventory from becoming unusable and keeps consumables safe for customers. companies look for new ways to ship their goods around the world and maintain visibility without succumbing to the obstacles of geography. Extreme Temperatures for Special Products.

Inventory 52

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RFgen

MAY 8, 2016

Proper temperature prevents certain inventory from becoming unusable and keeps consumables safe for customers. companies look for new ways to ship their goods around the world and maintain visibility without succumbing to the obstacles of geography. Extreme Temperatures for Special Products.

Inventory 52

Inventory Pharmaceutical Supply Chain Planning Software South America 52

Elementum

SEPTEMBER 6, 2022

Accepted inefficient practices and conditions often include: Manual data entry errors Raw material wastage High instances of substandard products Bottlenecks in logistics and production Recurring variances or exceptions Inventory overstocks Businesses must be proactive in resolving these difficulties.

Supply Chain Planning Software 78

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Supply Chain Shaman

SEPTEMBER 30, 2014

The digital consumer often wants to shop online, pick up at the store, and conveniently manage returns. Each year I go to the Consumer Goods and Technology (CGT) conference where speaker-after-speaker talks about retail/supplier collaboration. Current State of Perpetual Inventory. Get Good at Data Sharing.

Optimal Sourcing 296

Optimal Sourcing Forecasting Forecasting Software Supply Chain Network Software 296

Supply Chain Matters

FEBRUARY 7, 2024

We believe that these inventory management, customer and last-mile fulfillment strategies will have industry wide implications in terms of competitive stakes and cost-to-serve. Across the United States , Amazon elected to change its former predominant west to east coast hub based inventory and fulfilment distribution network.

Supply Chain Network Software 52

Supply Chain Network Software Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Supply Chain Matters

AUGUST 4, 2022

We indicated in our commentary that August usually represents the global supply chain ramp-up for supporting Q3 and Q 4 holiday spending on consumer goods, gifts and seasonal merchandise. Chinese manufacturing output had reportedly dropped by upwards of 30 percent as consumers shifted spending to services. and Europe.

Supply Chain Planning Software 52

Supply Chain Planning Software Global Supply Chain Planning Supply Chain Software 52

Logistics Viewpoints

OCTOBER 7, 2022

For those unaware of the term, shrink is an accounting term used to describe when a store has fewer items in stock than in its recorded book inventory. The number of companies levying supply-chain charges also is growing, said David Friedler, managing partner at consumer-goods consultancy Simpactful.

Logistics Network Optimization Software 185

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Talking Logistics

MARCH 8, 2016

Retailers and consumer goods manufacturers are investing heavily in omni-channel in 2016. Most retail and consumer goods warehouses and distribution centers were originally set up to ship bulk replenishments to stores. Omni-channel and the DC. This requires store associates to perform tasks previously done in DCs.

Supply Chain Planning Software 100

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Elementum

NOVEMBER 1, 2018

In today’s blog we’re taking a look at what this means for shipping costs, and how retailers can fortify their operations against price hikes. Why are shipping costs growing? Response of shipping companies. Shipping costs hit an all-time high earlier this year. Fuel accounts for about 21 percent of carrier expenses.

Cost Reduction Strategies 79

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Supply Chain Matters

DECEMBER 13, 2022

Disruptions were brought about not only by the persistent and recurring spread of Covid -19 infections globally, but also significant storms and natural disasters, a one-week blockage of one of world’s most transited shipping canals, followed by complete disarray among global shipping schedules.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Optimization Supply Chain Software Supply Chain Strategy 52

Unleashed

DECEMBER 15, 2019

This form of sourcing is typically used for simple components or cheap consumer goods such as t-shirts — poor stitching on t-shirts pose a less serious consequence than a minor mistake on a computer battery! Shipping costs. Sourcing internationally can create a complex supply chain that complicates your inventory? ?control

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Logistics Viewpoints

APRIL 29, 2021

Any company shipping physical products today – whether to consumers or to other businesses – needs to meet higher service expectations, including faster order turnaround in the DC. In addition to large distribution orders, many retail and business-to-business facilities are shipping rising volumes of direct-to-consumer orders.

Optimal Sourcing 150

Optimal Sourcing Optimization Software Supply Chain Design Software Supply Chain Planning Software 150

The Logistics & Supply Chain Management Society

JULY 14, 2021

Disconnected algorithms won’t work, because you lose visibility, and then to compensate, you need armies of planners and inventory buffers. For example, you have visibility into a container on the ship, see what orders are in there, and can reallocate if you need to – so that you can optimize services levels and costs.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

Alloy

AUGUST 20, 2019

Ideally, you want to collect and analyze this data at the store level to gain insight into geographic preferences and allocate inventory accordingly. By dividing Dollar Sales by Unit Sales, you get an average unit retail that can be applied to anything from out-of-stocks to on-hand inventory.

Negotiate Pricing 40

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Enterra Insights

OCTOBER 17, 2018

” Transactional data : “Post-business-process information such as purchasing inventory records or sales volumes by region.” He writes, “AI can also help in streamlining functions and optimizing routes to reduce shipping costs. and Robotics Are Coming to Consumer Goods Supply Chains. ”[3].

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Optimization 100

The Network Effect

JANUARY 11, 2016

In earlier posts, I talked about order aggregation , new inventory replenishment policies , why a network model makes so much sense , the all important ASN , and international shipping. Note: This is the last in a series of posts on new developments within the automobile supply chain, with examples of best practices.

Automotive 100

Automotive Supply Chain Planning Software Supply Chain Network Software Modeling Software 100

Alloy

NOVEMBER 5, 2021

It’s a tough time to be the CFO in the consumer goods space. CFOs are being forced to navigate inflation, rising supply costs, logistics challenges, and wild shifts in consumer demand. These forces are converging to create a supply-constrained landscape for almost every consumer goods brand. And can I do something?

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Strategies Alloy 52