Master Data Management is Essential for Process Integrity

Accelogix

Master data management preserves the integrity of critical master data at the foundation of your automated business system, whether it is a WMS or any other transaction-centric application. Even though master data is established once and centrally maintained, it is constantly used to validate many of the elements of a given transaction. In complex business models, it is common to find master data maintained on one application and introduced to a downstream application.

Improving inventory management

EFT

Factory closures, blank sailings, massive cuts to air freight, reduced warehouse capacity and more have hit business-as-usual and often turned carefully calibrated chains on their head. There is a lot of desire for enterprises to become extremely granular in their visibility data collection.

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Freight Data Trends for 2019 and How a TMS Will Grow in Value

Cerasis

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. Shippers need to consider how the freight data trends will affect dropshipping, omnichannel shipping, reporting capabilities, and much more. Data Freight Omnichannel Transportation Management Trends

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5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Inventory visibility is one of the critical aspects of any manufacturing business. It helps organizations understand how much inventory is available, at what location , and at any given point of time. To ensure inventory visibility, you should have access to view, manage, and update your inventory status from trusted software. What Improved Inventory Visibility does. Inventory ties up money. How ERP Improves Inventory Visibility.

6 Trends Affecting Inbound Freight Management!

Supply Chain Game Changer

Successful inbound freight management depends on a strong logistics management program. Shippers need to have a robust set of controls in place, a high-quality inbound freight routing guide , automated tracking technology, reporting capabilities, and much more. Shippers need to understand the trends throughout the industry affecting inbound freight management and how to plan accordingly. Congress Will Affect Successful Inbound Freight Management.

Supply Chain Movement 21 – S&OP + IT

Supply Chain Movement

Forecasting is about managing risks. Major organisational and cultural changes lie ahead for supply chain management. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems. furthermore, because the continuing growth in outsourcing is making global businesses ever-more susceptible to disruptions, supply chain risk management software is also on the rise.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions. Supply chain management is increasingly becoming a clear path to the C-suite. Do you want to be managing people? Data Managers.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Cash Cycle Management. The Cash Cycle is a function of the days of Accounts Receivable, Accounts Payable, Inventory and Capital Expenditures. The Supply Chain is directly responsible for the payment terms for Accounts Payable, Inventory (this does vary between companies), and even the negotiated terms for Capital purchases.

5 Quick Solutions for Simplifying Supply Chains

Unleashed

With the rapid rise in our ability to collect information, data saturation is everywhere. Sure, data is king when it comes to helping forecast future demand and inventory stock needs but the ability to collect data is not always supported by the ability to filter and manage that data correctly. Any data collected and held needs to be relevant to the business. Business Tips inventory management supplier relationship suppliers supply chain

This Week in Logistics News (April 11-15, 2016)

Talking Logistics

February 2016 Freight Transportation Services Index (TSI). If you’re not familiar with SOLAS, check out the two guest commentaries we have published on the topic in recent months: Don’t Get Caught Off-Guard: Preparing for July 2016 SOLAS Shipper Mandates and The Impact of SOLAS on Ocean Shipping and Data Management. Finally, if you’re keeping a pulse on freight activity in the U.S., the Freight Transportation Services Index (TSI) fell 0.7

The Supply Chain Detective™! In Search of Broken Supply Chain Clues!

Supply Chain Game Changer

Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. In the area of Inventory Management they also did a lot of benchmarking and highlighted deficiencies in our processes. Lack of respect of, recognition of, or confidence in Supply Chain from peer functions or from Executive management. Lack of a Supply Chain strategy beyond just managing operating expenses.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

The back bone of all of it is Digital Technology: The Internet of Things (IoT) End to End Digital Connectivity Cloud Computing Blockchain Big Data Artificial Intelligence Predictive Analytics Machine Learning Virtual Reality Augmented Reality Voice Activated Technology Wearable Devices Robotics 3D Printing and On Demand, Additive Manufacturing Cyber Security Autonomous Vehicles Drones Software as a Service (SaaS) and much more. The same applies to data. Subscribe Here!

What Supply Chain Data Should I Track in 2020?

Veridian Solutions

Supply chain data management requires attention to detail and a mechanism in place that provides analytics, or insights, to gain actionable knowledge. Risk exists around data when it is incorrectly or inaccurately collected and shared. To ensure your organization applies data correctly and generates meaningful KPIs , supply chain leaders must know the challenges of data tracking, how it improves operational excellence, and the primary types of data to track in 2020.

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The 5 Point Last Minute Black Friday Supply Chain Checklist!

Supply Chain Game Changer

Is Your Inventory In Place? You can’t complete customer orders unless you have your inventory on hand. This typically means that your inventory must be on warehouse shelves in your (or your outsourced Logistics service provider’s) Distribution Centres, on shelves in your Retail outlets, or at Supplier locations, all ready to ship. You may also want to do some last-minute Inventory counting, especially on your high value, or high volume, goods.

Disruptive Warehouse Technologies for Any Company!

Supply Chain Game Changer

Everyone, including those who are best in class, has the need to reduce costs, improve the speed and accuracy of order fulfillment and warehouse activities, optimize inventory, and provide sufficient capacity to support growth at your busiest times of the year. You may want to receive faster, store goods faster, pick goods more quickly, fulfill customer orders faster, or count inventory faster. Inventory accuracy can be a perennial problem for many companies.

6 Causes of Sub-Optimal Trade Compliance Performance

3rdwave

The issues and challenges are fundamental, like managing master data from a trade compliance perspective, classifying products effectively and efficiently for customs and PGAs, managing regulatory rulings, or screening accounts and contacts. Or, the issues and challenges focus on more sophisticated problems like improving processes to contribute to more efficient and effective global supply chain control and management. Poor Master Data Management.

Top 15 Logistics Blog Posts of 2014

Cerasis

The Warehouse Manager’s Complete Warehouse Traffic Management Checklist : A warehouse manager is responsible for ensuring the health and safety of their employees and others who visit your workplace. Any process or management after the sale of the product involves reverse logistics. And no wonder, they may find a motherlode waiting to be mined.Companies can no longer afford to treat reverse logistics management as an afterthought.

6 Causes of Sub-Optimal Trade Compliance Performance

3rdwave

The issues and challenges are fundamental, like managing master data from a trade compliance perspective, classifying products effectively and efficiently for customs and PGAs, managing regulatory rulings, or screening accounts and contacts. Or, the issues and challenges focus on more sophisticated problems like improving processes to contribute to more efficient and effective global supply chain control and management. Poor Master Data Management.

6 Causes of Sub-Optimal Trade Compliance Performance

3rdwave

The issues and challenges are fundamental, like managing master data from a trade compliance perspective, classifying products effectively and efficiently for customs and PGAs, managing regulatory rulings, or screening accounts and contacts. Or, the issues and challenges focus on more sophisticated problems like improving processes to contribute to more efficient and effective global supply chain control and management. Poor Master Data Management.

5 ways TMS transforms Logistics Managers' jobs

Abivin

That’s where the need for Transportation Management System (TMS) comes into play. A survey featured in Logistics Management shows that just 35% of shippers are using TMS in their supply chain. Logistics managers need to realize that adding TMS instead of headcount can be the right way to grow their business. By automating manual processes, you can have time to focus on other important tasks like strategic planning, management.

Global Trends In Digital Supply Chain - 2019 Review

Abivin

The landscape of supply chain management is under evolvement as it is the answer to recent development in this industry. Source ) Even though Warehouse Management System (WMS) has been playing a crucial part in supply chain management, the emergence of autonomous mobile robots in optimizing picking process has become increasingly competitive. Artificial Intelligence plays a vital part in freight movement tracking.

The Future of Logistics

Enterra Insights

” Digitalization, of course, is all about data — gathering data, storing data, and, above all, analyzing data. Julie Clements, from Managed Outsource Solutions, notes, “Businesses need to digitize supply chain management to increase efficiency and maximize customer value. Centralizes data control. Provides accurate, certifiable, manageable, and accessible information. Provides visibility in real-time operation data management.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Will interest rates continue to climb in 2016, and if so, what impact will it have on inventory levels? The Rebirth of Transportation Marketplaces (UberCARGO, Cargomatic, and Freight Friend).

This Week in Logistics News (September 14-18, 2015)

Talking Logistics

Oracle Announces New Releases of Oracle Transportation Management and Oracle Global Trade Management. FedEx to Increase Shipping Rates for Express, Ground and Freight Services. Final rule for electronic logging devices is pushed back to end of October (Logistics Management). M33 Integrated exemplifies the convergence taking place in the industry — namely the convergence of technology, managed services, and consulting. and Oracle Global Trade Management 6.4,

Sam’s Club Updates Appointment Scheduler and OTIF Standards

Zipline Logistics

Download: Using Data to Drive OTIF and Retail Compliance Success. Download the free white paper to learn more about how data can be used to reduce logistics spend while improving supply chain performance. In this ebook, you will learn how data can be used to identify efficiencies and make logistics improvements. Typically, they evaluate standard metrics like on-time delivery, inventory management, missed shipments, lead time, and costs.

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The award winning start-up trying to link up the autonomous landscape

EFT

Reuters Events Supply Chain recently had the opportunity to judge the Accenture Freight & Logistics Europe Innovator Award. Kim Clement: Robotics are being adopted by different industries, including freight and logistics. The first level is the device management.

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The Hidden Complexity in the Retail Supply Chain!

Supply Chain Game Changer

But behind the curtain that is Retail there are a lot of people managing a lot of processes and dealing with a lot of complexity earnestly trying to make your goods available to you. Master Data. Within Retail having an excellent Master Data Management system and process is critical. For every sku there is an extensive amount of data that must be constantly input, updated, and available for reporting and tracking. SKU Management. Vendor Management.

How to bring visibility and reliability to enterprise data

The Network Effect

Are we able to reduce our freight costs and maintain on time deliveries?”. “Do Do we have any opportunities to reduce inventories while simultaneously improving customer service levels?”. To be effective, executives need a set of core master data about customers, products, locations, vendors, and suppliers in order to answer these questions. The post How to bring visibility and reliability to enterprise data appeared first on The Network Effect. Dave Lawler/Flickr.

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Global Trends In Digital Supply Chain - 2019 Review

Abivin

The landscape of supply chain management is under evolvement as it is the answer to recent development in this industry. AMRs operate for warehouse tasks, including inventory replenishment, cycle counting, and item verification. Source) The emergence of autonomous mobile robots in optimizing picking process has placed a question for many Logistics managers about the competition between AMR and Warehouse Management System (WMS).

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. Today, SCM systems are critical to businesses of all sizes and in all industries for managing their day to day operations.

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50 expert tips on supply chain management

6 River Systems

“In the past, most disruptions were limited to a single supply chain,” explains Dr. Asoo Vakharia, McClatchy Professor and Director of the Supply Chain Management Center at the Warrington College of Business. As many states have started the process of reopening their economies, supply chain managers are faced with rethinking their supply chain networks. ” — Understanding risk management in the supply chain , Deloitte; Twitter: @DeloitteUS 4.

Master Your Master Data

RELEX Solutions

In almost every supply chain project we’ve been involved in it has been necessary to improve master data. It’s almost a cliché these days but any system is only as good as the data you put into it. As they say, a perfect analysis of useless data is a perfectly useless piece of analysis. When we sit down with new customers one of the first things we hear is almost always; ‘our company has quite a lot of problems with its data so this might be a challenge …’.

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