SCMDOJO

MARCH 19, 2024

This is where the Life Cycle Inventory (LCI) comes into play. In this article, we dive deep into the world of Life Cycle Inventory, exploring its significance, methodology, and applications. What is the Life Cycle Inventory (LCI)? It includes determining the purpose of the study, the system boundaries (i.e.,

Inventory Reduction 84

Inventory Reduction Analysis Material Savings Optimal Sourcing 84

Logistics Viewpoints

JUNE 17, 2021

Today’s article is from GlobalTranz and explores white glove services in transportation management. That’s the overview of white glove services evolution and it’s another piece of the transportation terminology puzzle. It’s important to know how white glove services and transportation management go together.

Transportation Management 194

Transportation Management Logistics Network Optimization Software Transportation Supply Chain Software 194

Supply Chain Shaman

MARCH 21, 2024

We explore the concept of holistic inventory strategies focused on the form and function of inventory. In the process, we learn that only 15-20% of inventories are safety stock and that the current APS frameworks do not enable a holistic analysis of the form and function of inventory. I think that the answer is no.

Inventory Reduction 389

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 389

Unleashed

AUGUST 20, 2023

There are many definitions for lead time in supply chain management. It includes everything from the procurement of raw materials to production, inventory management, and shipping. This involves coordinating logistics, optimising transportation routes, and addressing any potential obstacles that could extend the delivery timeline.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

JANUARY 9, 2024

Many believe that an ex-supply chain exec knows the definition of supply chain excellence. An average margin of 21% with inventory turns of 1.58 The industry assumes that since the person led a supply chain that they are clear on the definition of supply chain excellence. Most companies are not clear. The issue is ubiquitous.

Supply Chain Planning Software 287

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 287

Supply Chain Shaman

MARCH 27, 2023

Definitions: Oxymoron: The combination of contradictory or incongruous words (such as cruel kindness) Juxtaposition: The act of placing words or concepts close together or side by side, for comparison or contrast. What is the role of inventory? Today’s definition of supply chain planning is my starting point.

Supply Chain Planning Software 308

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Design Software 308

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. So what exactly is the definition of “Supply Chain Management”? The Evolution of Supply Chain! Source: [link] ).

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

QAD

MARCH 30, 2023

As I discussed in a recent article in RFID Journal , RFID technology has changed a lot since 2005 and could be the secret to ensuring greater visibility and inventory accuracy this year. and bring inventory accuracy up to an impressive 99.9%. What is RFID Technology? RFID tags can reduce out of stocks by up to 80.3%

Manufacturing Procurement 92

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 92

Supply Chain Shaman

OCTOBER 13, 2022

In both cases, there is a clear definition of “winning.” Inventories increased by 44% due to supply chain volatility. Inventories grew year-over-year by 43%. Coming off a period of high growth, companies are struggling with margins and inventory. The reason? Last week, Nike reported first quarter 2023 results.

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

Supply Chain Matters

AUGUST 25, 2022

Supply Chain Matters reflects on an all too familiar challenge when conditions of excess inventory exist in supply chain planning, execution and customer fulfillment processes. . The presumption is that this inventory will be made available for this year’s holiday fulfillment period. Background.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Inventory Management Software 52

Turvo

JULY 30, 2021

Transportation management systems (TMS) have transformed from a desirable perk to a critical necessity for continued growth and success within the supply chain management networks. The Top Functions of a Transportation Management System in Logistics Include Route Optimization. It Tracks Shipments From Cradle to Grave.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimization Software Supply Chain Network Software Forecasting Software 98

Unleashed

APRIL 4, 2023

Inventory management Machine learning can track and analyse sales and customer data, along with supplier data. These datasets allow for accurate inventory management. This helps reduce the chance of under or overstocking inventory which in turn can create significant financial risk.

Case Study 52

Case Study Supply Chain Planning Software Supply Chain Software Forecasting Software 52

Supply Chain Shaman

OCTOBER 19, 2022

Definition of Time Horizons. The gaps in expectations between planning and functional organizations like manufacturing, transportation, and procurement are large and growing. So the next time that someone in a meeting asks for real-time planning stop the discussion and get clear on definitions. The reasons are many. The So What?

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies Real-time Visibility 195

PINC

OCTOBER 14, 2019

Here are the top trucking trends that all shippers should be aware of, according to The American Transportation Research Institute. Coming into 2019, issues like the tariff wars, driver shortage, and rising freight rates were high on transportation managers’ radar screens. Terrill Transportation Inc. economy expanded by 2.1%

Transportation 124

Transportation Trends Industrial Industry 124

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Material Savings Inventory 52

Supply Chain Shaman

JANUARY 8, 2024

No company in either the household non-durable (consumer goods) or the food manufacturing group beat their peer group on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) for 2013-2022. The supply chain has two important buffers–inventory and capacity. Any takers here?

Supply Chain Design Software 235

Supply Chain Design Software Supply Chain Planning Software Modeling Software Supply Chain Network Software 235

GlobalTranz

DECEMBER 11, 2014

Today begins our series about electronic data interchange or EDI in transportation. In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry.

Electronics 262

Electronics Transportation Data Resource Reduction 262

Supply Chain Shaman

SEPTEMBER 28, 2022

Definition: “Someone’s efforts, resolve, or viability are tested; things are meaningfully challenging. We find that three factors mattered: organizational alignment, descriptive analytics, and inventory management. Multi-tier inventory management by itself was not sufficient. “ Wikipedia.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

Supply Chain Shaman

SEPTEMBER 27, 2021

We are making slow progress on transportation visibility, but not supplier visibility. The secondary problem is the lack of definition of process requirements and a buying team that cannot see past simple MRP/MRP II/DDMRP requirements. Projects Being Implemented as Part of a Digital Supply Chain Transformation Project. What To Do?

Supply Chain Planning Software 321

Supply Chain Planning Software Sourcing Strategies Manufacturing Procurement Supply Chain Design Software 321

Talking Logistics

SEPTEMBER 26, 2022

I have long argued that companies need to expand their definition of supply chain visibility. It goes well beyond tracking shipments, orders, inventory, and assets in motion.

Supply Chain Visibility 144

Supply Chain Visibility Freight Supply Chain Supply and Demand 144

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 357

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 357

The Logistics of Logistics

OCTOBER 26, 2020

Transportation 2.) 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. based transportation and logistics providers. The definitions are confusing because the space is so dynamic and ever-changing.

Logistics Network Optimization Software 244

Logistics Network Optimization Software 3PL Agile and Lean Supply Chain Colombia 244

Supply Chain Game Changer

DECEMBER 4, 2020

Transport company services article and permission to publish here provided by Saeed Darwish. Are you looking to hire a transport company? A transport company does far more than taking your shipment from point A to point B. For standard deliveries, that’s definitely the case. Email Address. GET our EBOOK HERE.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Transportation Company Rail Software 52

Supply Chain Shaman

FEBRUARY 28, 2021

The high activity levels in the transportation and Retail/Ecommerce sectors mirror consumers’ movement into new channels. For example, Vendor Managed Inventory (VMI) systems, a useful stream of customer data, do not connect to planning. These definitions are cursory discussions of very complex topics within AI.

Supply Chain Planning Software 359

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 359

GlobalTranz

JULY 24, 2017

Rather than looking at it with only two options, shippers need a third solution; they need to take advantage of an LTL transportation management system (TMS), focusing on how leveraging today’s systems, like the Cerasis Rater , can maintain profitability and drive expenses down. Think about the benefits you want from your TMS.

Transportation Management 139

Transportation Management Optimization Software Analytics Software Supply Chain Design Software 139

Supply Chain Shaman

JUNE 21, 2023

Before you react, here are some definitions. We find that the companies with the most marked improvement in a balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) are smaller and less well-known. Challenge convention—the traditional definition of supply chain planning is passee.

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

Supply Chain Shaman

MAY 1, 2023

The techniques to improve agility are improving data transparency/insights, use of attribute-based planning, design of push-pull decoupling points, pooling of inventory, and configure-to-order/make-to-order manufacturing. Inventory as Waste. Manage inventory as a liability. Inventory as a Buffer. Frustration.

Inventory Reduction 241

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 241

ToolsGroup

FEBRUARY 7, 2021

I think it’s more that the idea of sourcing and how to buffer certain inventory will be definitely more localized. So also the demand for it and even the demand couldn’t be really supplied with inventory space. So this is definitely something from the supply side, what is the takeaway? There was a big peak.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

The Logistics of Logistics

NOVEMBER 15, 2021

Transportation 2.) Robert Cadena is the Co-Founder and CEO of Lean Solutions Group , which provides operational, marketing, sales, and technology services to the logistics and transportation industry. based transportation and logistics providers. The definitions are confusing because the space is so dynamic and ever-changing.

Logistics Network Optimization Software 130

Logistics Network Optimization Software 3PL Agile and Lean Supply Chain Supply Chain Planning Software 130

Supply Chain Shaman

AUGUST 24, 2020

Start With Definitions. To begin any discussion in this market, the buyer should start with definitions. Definitions. It is like my flip phone in capability, but moving backward. All solutions, irrespective of capabilities, call themselves a network. A network is not a network. Each form is different. So, What Should You Do?

Supply Chain Network Software 326

Supply Chain Network Software Manufacturing Procurement Purchasing Skills Procurement Solutions 326

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. By crafting a well-defined strategy, businesses can mitigate transportation costs, mitigate supply chain disruptions, and uphold customer satisfaction. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Let’s Start with Definitions: One of the difficulties in supply chain is the lack of common definitions. What did we find?

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

3rdwave

AUGUST 7, 2019

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. Transportation Cost Management. Delivery Performance (across the global supply chain). Visibility.

Global Transportation 75

Global Transportation Transportation Management Purchasing Skills Negotiating Skills 75

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

The right way” emphasizes that our fundamental relationship with the Earth demands that products be made and transported in ways not harmful to the Earth. The devil is definitely in the details. To eliminate unneeded transport or unnecessary miles is always something the logistics manager needs to do.

Supply Chain Design Software 246

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Forecasting Software 246

Unleashed

APRIL 9, 2024

It measures inventory availability and the ability to meet customer orders as they come in. Inventory management A business with a healthy OTIF score is more likely to manage its inventory well and avoid overstocking or stockouts. This results in increased holding costs and a greater risk of inventory obsolescence.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Talking Logistics

JANUARY 8, 2015

Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope.

Global Transportation 100

Global Transportation Inventory Reduction Optimal Sourcing Cost Reduction Strategies 100