GlobalTranz

FEBRUARY 17, 2016

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, data integrity is vital.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

Logistics Viewpoints

AUGUST 7, 2023

Cardinal Health, a global manufacturer and distributor of medical, surgical and laboratory products, is focused on continuous improvement of service. Global logistics leaders wanted to improve service levels, lower costs, and fortify Cardinal Health’s supply chain planning process. Indicators of success are critical. Count them!

Supply Chain Planning Software 175

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Modeling Software 175

Logistics Bureau

OCTOBER 31, 2017

Imagine stepping back in time to visit a large warehousing operation in 1990. Now imagine what the distribution center of 2045 will look like if technology continues to disrupt logistics as profoundly as it has done since the 1990s. 1990: A Fine Vintage for Warehouse Operators. 1990: A Fine Vintage for Warehouse Operators.

Supply Chain Software 47

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Warehousing 47

Logility

OCTOBER 22, 2020

For more than a decade, companies have used the power of machine learning to improve supply chain planning efficiencies and develop optimized supply chains. Data warehousing for consistent, harmonized and managed data across your entire supply chain. Stay competitive: Your competition is likely investing in machine learning. #2.

Supply Chain Planning Software 182

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimal Sourcing 182

TrackVia

MARCH 25, 2024

These solutions help companies optimize their operations, from inventory management and asset tracking to supply chain management and warehouse operations. By providing real-time data and insights, mobile workflows enable manufacturers to make informed decisions, reduce waste, and improve overall efficiency.

Optimal Sourcing 105

Optimal Sourcing Supply Chain Design Software Cost Reduction Strategies Waste Reduction 105

Arena Solutions

APRIL 16, 2024

Unlimited Scalability With Granular Precision The synergy between Arena and Yook enables the analysis of an unlimited number of products without sacrificing details, allowing manufacturers to make continuous improvements, take action, and improve scores. Request A Demo Sources Cited Engineering.com [link] TravelPerk [link]

Supply Chain Design Software 86

Supply Chain Design Software Supply Chain Planning Software Optimization Software Supply Chain Network Software 86

Talking Logistics

NOVEMBER 15, 2016

Freight Audit may not be the sexiest aspect of transportation management, but that doesn’t mean it doesn’t play a critical role in helping companies effectively manage and control their transportation spend, as well as provide valuable insight to drive continuous improvement. What are those value levers?

Freight 0

Freight Analytics Software Procurement Analytics Sourcing Strategies 0

crisp

SEPTEMBER 6, 2023

Until recently, reporting scope 3 emissions – which include indirect sources that organizations contribute to – has been optional. Scope 3, however, includes indirect emissions from an organization’s business activities, and sources they do not own or control. Example: A tea company uses tea leaves as an ingredient in their product.

Procurement Analytics 52

Procurement Analytics Manufacturing Procurement Waste Reduction Supply Chain Design Software 52

Locus Robotics

JUNE 6, 2023

By Alex Selwitz, Red Stag Fulfillment Unlocking a warehouse’s potential starts with impeccable organization. Fortunately, cutting-edge tools and invaluable data provide a lifeline, empowering warehouses to optimize their organizational prowess. Yet, with ever-shifting stock, maintaining this order can seem Herculean.

Optimal Sourcing 52

Optimal Sourcing Sourcing Strategies Warehousing Optimization Software 52

ThroughPut

JANUARY 28, 2019

The company is setting ever-higher benchmarks for the industry around automation, tracking, robotics, and machine learning in its warehouses, and avoiding stock-outs, for example, while retaining the sheer number of products constantly available in stock. Slowing Economic Growth: A slow economy inevitably leads to slumps in sales.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

Talking Logistics

MARCH 28, 2017

Unfortunately, most organizations place too much emphasis on data that is sourced from human input, which is not only expensive on the labor side, but it also introduces error into the picture. For example, companies can now do in days what used to take weeks of programming and customization. .

Supply Chain Software 0

Supply Chain Software Logistics Network Optimization Software Demand Planning Software Procurement Solutions 0

Elementum

FEBRUARY 7, 2024

Inventory Management: Precision and Efficiency through Automation AI and ML transform inventory management by predicting stock levels, automating reorder processes, and optimizing warehouse organization. These evaluations should guide towards continuous improvement.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

American Global Logistics

SEPTEMBER 12, 2023

Overview of Supply Chain Management Supply chain management encompasses the planning, sourcing, manufacturing, and delivery of products or services. Other innovations in optimizing supply chain efficiency include using renewable energy sources, route optimization, and electric vehicles to develop environmentally sustainable supply chains.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

Unleashed

MAY 25, 2023

By understanding the flow of products into and out of your warehouse, you can minimise these costs – ultimately improving your margins. Warehouse planning is an artform of its own, with strategic thought required around what products go where. Inventory planning requires working with information and data from multiple sources.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

BlueYonder

NOVEMBER 1, 2022

For example, the company worked toward executing the integrated business process quicker and more dynamically with additional scenarios and iterations, so as to free up their employees to work on continuous improvement. He emphasized the importance of speed and the power of real-time visibility.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Transformation Modeling Real-time Visibility 52

RFgen

MAY 16, 2023

These insights are critical to procurement and warehouse management. For example, forecasting data assists in maintaining optimal stock levels to reduce the risk of stockouts and undue depreciation from overstocking. KPIs can be tracked by management or automated with mobile software and other enterprise warehouse solutions.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Sourcing Strategies Analytics Software 52

RFgen

MAY 26, 2023

Stockouts Stockouts occur when the warehouse runs out of a particular item. For any business, retail or otherwise, the result is the same: lost sales opportunities , productivity, and continuity. For example, mobile barcoding automates receipts, put-away, cycle counts , and order picking, generating 40%-400% faster speeds.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Material Savings Cost Reduction Strategies 52

Unleashed

APRIL 21, 2024

For example, when a customer buys coffee beans online, order processing would include confirming the payment, updating the stock count of the coffee bean units, and preparing the order for shipment. Create a culture of continuous improvement establishing mechanisms for regular feedback from all stakeholders.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Talking Logistics

DECEMBER 5, 2017

For years, supply chain leaders have struggled to achieve a sophisticated level of supply chain visibility that would drive continuous improvement, optimize spend and reduce risk. For example, in a commodity business, you might be focused on cost savings while a specialty business might prioritize on-time delivery over cost.

Prescriptive Analytics Software 105

Prescriptive Analytics Software Analytics Software Supply Chain Design Software Predictive Analytics 105

SCMDOJO

JULY 3, 2023

It goes beyond the concepts found in textbooks by providing real-world examples and useful advice. Take into account things like your current skill level, desired improvement areas, and professional objectives. The fantastic employment options that procurement training opens up are among the most convincing arguments for doing so.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

Supply Chain Opz

JANUARY 22, 2016

Onge Company Game changing technologies in the supply run from the immediate, to the near-term, to the futuristic, but there are some clear examples in each. The concept of “connected logistics” covers the relevant end-to-end processes of warehouse management, transportation management, track & trace and the entire logistics network.

Predictive Analytics Software 100

Predictive Analytics Software Supply Chain Network Software Logistics Network Optimization Software Analytics Software 100

CH Robinson Transportfolio

SEPTEMBER 23, 2020

There’s always an opportunity to improve. Efficiency can be continuously improved upon. Certain routine tasks—completing paperwork, reviewing purchase orders (PO) for accuracy, and tracking orders for example—can eat up a lot of time when handled manually. So where can the time come from? Gain insight into variability.

Sourcing Strategies 57

Sourcing Strategies Supply Chain Software Supply Chain Planning Software Vendor Strategies 57

Talking Logistics

MARCH 29, 2016

Source: PINC Solutions. Unfortunately, most organizations place too much emphasis on data that is sourced from human input, which is prone to error, so degrading the quality and potential insight the data could provide. This data often resides in siloes of information, focusing on a specific function, such as warehouse automation.

Supply Chain Software 100

Supply Chain Software Optimization Software Optimal Sourcing Demand Planning Software 100

Talking Logistics

SEPTEMBER 8, 2016

” This is just one example of the worst case scenario you could have: your systems aren’t integrated, and people are making decisions on the information they have available. Your warehouse could be over (or under) staffed which impacts profitability or performance. no supply chain visibility.

Supply Chain Visibility 100

Supply Chain Visibility Supply Chain Planning Software Real-time Visibility Prescriptive Analytics Software 100

AFFLINK

MAY 11, 2017

For example, a customer may require documented procedures, work instructions, and process flows that define specific activities. Accountability may also involve a regular review of the effectiveness and efficiency of systems and conforming to audit recommendations for continuous improvement. Reinforcing Accountability.

Optimal Sourcing 61

Optimal Sourcing Sourcing Strategies Procurement Cost Reduction Strategies 61

Intelligent Audit

OCTOBER 27, 2022

In 2008, Dr. Raymond Panko published a paper detailing examples of human error in data entry. According to analysts at McKinsey , “Most of the data generated in a supply chain falls outside the scope of just one enterprise or entity,” a dynamic that makes it hard to know if you’re dealing with good or bad data or even the original source.

Big Data 52

Big Data Predictive Analytics Analytics Software Optimal Sourcing 52

RFgen

FEBRUARY 15, 2024

This shift necessitated the adoption of digital technologies to manage the complex logistics of sourcing materials and delivering products internationally. In one case, the company introduced YuMi, a collaborative dual-arm robot—and an example of the company’s willingness to experiment with next-generation manufacturing tools.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Pharmaceutical Supply Chain Strategy 52

Unleashed

AUGUST 16, 2023

Products available on backorder are are out of stock in the supplier’s warehouse but may still be purchased by consumers in advance of future availability. In other instances, backorders could take longer if there are delays in production, sourcing materials, or unforeseen logistical challenges.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Manufacturing Procurement Inventory Reduction 52

ShipBob

OCTOBER 1, 2021

A lean supply chain requires continuous improvement and attention in order to keep fulfillment costs down, efficiency high, and customers happy; but when your business has relied on the same SOPs for years, switching to lean thinking can be difficult. Optimize your warehousing. 6 tips for lean supply chain management.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

Oracle SCM

DECEMBER 14, 2015

Some parts of the supply chain are inherently more Cloud-friendly than others; for example, those areas that are more used to sharing supply chain data with external organizations. One key example is how firms can drive incremental value by selling services and experiences, rather than just mere products.

Supply Chain Planning Software 60

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Sourcing Strategies 60

GlobalTranz

MARCH 23, 2016

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. I use a method I call managing for daily improvement or MDI. How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? Industry Week, March, 2016).

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Unleashed

OCTOBER 5, 2023

Managing a warehouse can be a complicated task. Multiple processes must be continually optimised to ensure maximum cost-savings, order accuracy, and efficiency. In this warehouse management guide: What is warehouse management? But when done correctly, everyone benefits: your customers, your stakeholders, and your staff.

Inventory Reduction 52

Inventory Reduction Waste Reduction Material Savings Resource Reduction 52

Talking Logistics

NOVEMBER 3, 2014

Jason Mathers discussed the 5 Principles of Greener Freight, and provided real-world examples of those principles in action (read the Ocean Spray , Caterpillar , and Boise case studies, and also watch my conversation with Jason from earlier this year on Talking Logistics). But this demand for talent greatly exceeds supply.

Innovation 174

Innovation Supply Chain Design Software Optimal Sourcing Logistics Network Optimization Software 174

Unleashed

AUGUST 18, 2021

3 examples) What are the challenges of reverse logistics? For example, any agreement that includes a clause for the repair, maintenance, refurbishment, remanufacturing or recycling of goods and/or materials will involve a reverse supply chain. When the goods arrive back at the warehouse, an efficient process again saves money.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

Supply Chain Shaman

JUNE 21, 2016

This lack of alignment is an impediment to improving balance sheet results. I did not understand warehousing and transportation until reassignment to a logistics role in 1985. In the traditional supply chain world, the processes of sell, deliver, make, source, and plan are separate and distinct. This is not an easy transition.

Supply Chain Design Software 161

Supply Chain Design Software Supply Chain Planning Software Network Design Software Modeling 161

BlueYonder

AUGUST 28, 2017

Order fulfillment requires orchestration across the traditional disciplines associated with supply chain planning, order management and warehouse execution. Efficient Order Sourcing – As digital channels continue to increase in volume, grocers will need to embrace the newfound lead times to consider optimal sourcing mechanisms.

Optimal Sourcing 43

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Software 43

GlobalTranz

MAY 13, 2015

Not only has Walmart excelled over the decades in traditional supply chain management but with recent news as of late, Walmart is also focused on continuous improvement by investing more into emerging technologies to capture more of the e-commerce market as well as a focus on sustainability. ” Walmart states early on.

Gartner 120

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 120