Distribution Management: Top 6 Factors That Influence Distribution Management Strategy

BR Williams Supply Chain Management

What is Distribution Management? Distribution management includes forecasting, transportation, warehousing, and delivery within the larger universe of logistics and supply chain management. Distribution management is an integral part of logistics. What is Distribution Management?

The Vaccine Distribution Supply Chain!

Supply Chain Game Changer

What is the Vaccine Distribution Supply Chain? Then you have to manufacture, transport and distribute it. A limited number of vaccines will end up getting approved for global distribution. Procurement of Vaccines. Distribution Challenges. Subscribe Here!

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Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable. So, why do supply chain managers not take advantage of this data with respect to procurement?

Is Inventory Waste or an Asset?

Supply Chain Shaman

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.” His feeling was that inventory is an asset to manage. Inventory is both. Inventory management is a complex subject.

How to Determine if Your Distribution Fulfillment Strategy is Working

Veridian Solutions

Knowing that your distribution fulfillment strategy is working gives you a better insight into how your business is performing. This is important for reducing order fulfillment errors, improving your inventory management and remaining competitive. Poor replenishment and reordering of inventory. Limited visibility in procurement. A strong distribution fulfillment strategy must enable continued scalability, agility, and profitability.

Consignment Inventory Management: The Complete Guide

EMERGE App

There are different ways for retailers to get and sell their inventory. The most common being where a retailer purchases their inventory and stocks it in their warehouse for the customers to buy. However, consignment inventory can be a risk-free option for the retailer.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. Procurement

How Procurement can Improve Inventory Management

SYSPRO Smarter ERP

One thing that procurement departments are working intensively on at the moment is how to spend more effectively. The post How Procurement can Improve Inventory Management appeared first on SYSPRO US. All Industries Distribution Manufacturing

4 Ways Technology Can Simplify Inventory Management

EazyStock

Inventory is the biggest entry in the balance sheet of many distribution companies and fast deliveries are becoming increasingly important in today’s digital world – especially as an increasing number of people are working remotely. Good software will also perform inventory simulations.

Advantages and Pitfalls of Push and Pull Strategies in Distribution Networks

Kinaxis

Supply chains are planned based on when a product is produced, delivered to distribution centers and made available at retail stores. There are pros and cons to using push vs. pull strategies within your distribution network. The main processes (Figure 1) to get a customer his or her order would be procurement (buying ingredients), manufacturing (cooking), and delivery (serving the customers).

Streamline your Entire Distribution Centre or Warehouse at One Time!

Supply Chain Game Changer

This was the situation we had in one of our Distribution Centres. In this particular Distribution Centre the current layout of the operation had been the result of many iterations of adding new customers, new products and new processes over time with the associated fluctuations in demand for everything. They were going to take the Holistic approach (see our Blog Inventory Turnover Breakthrough (Part 1) … Go Back To The Basics! Subscribe Here! Email Address.

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. Forecasting will then be sharper and distribution will be planned better.

The Supply Chain Detective™ and the Inventory Turnover Mystery!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! The company I had just joined went to market declaring that it was a world leader in Distribution and Logistics. As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. Looking at recent and historical Inventory performance I could see that turnover always stayed around 5-6 turns with little variation.

Three Simple Analyses To Identify Risky Inventory In Your Supply Chain

Arkieva

If you are running a manufacturing or distribution business, you have to deal with inventory. In supply chains, inventory acts as a shock absorber just like the ones in your car. Similarly in a supply chain you would have a very bumpy ride without inventory to absorb at least some of the variations. So, not all inventory is bad. However, if you have inventory, parts of it are probably more at risk of obsolescence than others.

4 Ways To Improve Procurement For Increased Customer Satisfaction

Slimstock

Though it’s often overlooked as an element of customer satisfaction, procurement is an essential component for delivering that satisfaction. Procurement involves buying goods and services that keep an organization operating; it ensures warehouses are well-stocked with the proper supplies at all times. Procurement can be responsible for up to 70 percent of a company’s revenue , so small changes in procurement functions can have a major impact on profitability.

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

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, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand Data Integrity to Reduce Inventory Costs.

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How Inventory Management is Paving the Path Forward in an On-demand World

Unleashed

Inventory management in an on-demand world is one of the biggest challenges in the supply chain today. Inventory management involving brick-and-mortar stores as well as eCommerce is ever-evolving and more dynamic than ever before. This article looks at how inventory management is paving the path forward in an on-demand world and what this means for business owners. What if the distribution centre manages both store and eCommerce inventory stock?

5 steps for Procurement to impact on financial results

Claritum

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key resource within the business.

How AI Solves the Riddles of Inventory Management

Aera Technology

by Kaushal Dave, Vice President of Cognitive (AI) Solutions, Aera Technology The problems that pervade inventory management are well known: Excess inventory languished in warehouses, tying up millions of dollars in working capital. Multinationals employ thousands of planners and spend millions of dollars on alphabet soup of software to manage inventory and other links in the supply chain, from ERP, MES, MRP, CRM and WMS to planning and logistics tools.

Do You Understand Your Chief MRO Inventory Challenges?

Logistics Bureau

Given this knowledge then, does your organisation place enough importance on the management of MRO inventory? If yours is one of them, and you’re wondering where and how to start getting a grip on MRO inventory, this post might help. Read on to discover the most common MRO inventory challenges and issues, the consequences of leaving them unresolved, and most importantly, the potential benefits of overcoming them. MRO Inventory Forecasting: A Matter of Opinion?

What is Supply Chain Management (SCM)? (Video)

Supply Chain Game Changer

What Exactly Is Procurement? supplychainmanagement #scm #supplychain #procurement #logistics #distribution #purchasing #technology. Freight and Logistics Inventory Management Procurement Reverse Logistics Supply Chain Management Technology Distribution Logistics Purchasing SCM supplychain supplychainmanagementSubscribe Here! Email Address. And What is Purchasing? What is Supply Chain Management?

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Back to Supply Chain Basics: Selling and Servicing Inventory

DSI

The paraphrase I’ve applied to supply chain is “you buy the inventory, you transform the inventory and you sell and service the inventory.” In this last installment, I will concentrate on the basics of selling and servicing inventory. In today’s commoditized marketplace, customers have many choices of where they can procure product. As I’ve said earlier in this series , it all comes down to inventory visibility. You buy the inventory.

Distributed Order Management: Optimize ERP Investments and Modernize Order Management

Oracle SCM

The order-to-cash process in traditional ERP is tightly coupled across application modules, such as order management, order promising, inventory shipping, and finance—all from the same vendor. Distributed Order Management (DOM) can be an effective and easier alternative. shipping, inventory, manufacturing, procurement, and trade and transportation management). By Mark Carson.

Confessions of a High Priced Expediter!

Supply Chain Game Changer

We focussed on establishing Vendor Managed Inventory programs and improving our Lead Times and Parameter Management. Ordering extra inventory is a stop gap solution which will cause other problems down the road. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. © Copyright Mortson Enterprises Inc, 2018. SCM #SupplyChain #Logistics #Distribution #Procurement. Subscribe Here! Email Address.

Supply Chain as a Service (SCaaS)!

Supply Chain Game Changer

The 3 Pillars of Digital Procurement! Virtually every type of software application is offered in a SaaS model, including software to support ERP, TMS, CRM, Inventory Management, and Invoicing applications, all of which are related to Supply Chain. You can outsource your Manufacturing, Distribution, Procurement, Logistics, Accounts Payable, Transportation Management, Systems and more. We had phenomenal, global capabilities in Logistics and Procurement.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

“Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible. These jobs could involve working in a Warehouse, Distribution Centre, Manufacturing operation, or in an Office environment, or all of the above. Subscribe Here! Email Address.

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Overcome Foodservice Disruptions: Focus on Technology, Service Networks, and Transportation

CH Robinson Transportfolio

While inventory levels and demand requirements continue to remain irregular, the most successful companies focus on technology, service networks, and expedited transportation options to overcome challenging market conditions. No one could predict how much uncertainty 2020 would bring.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. They also need to keep a check on inventory levels and identify obsolete stock. Manage inventory levels.

HCL Tech signs global alliance agreement with JDA Software Group

Supply Chain Network

The alliance addresses the unique supply chain challenges for business in the areas like planning, procurement, production, distribution, warehousing, inventory, transportation and customer services. Emerging Trends Information Technology News & Info Professional Communications Supply Chain Management cloud distribution inventory planning procurement production transportation warehousing

The Changing Landscape of Real Estate in the Logistics Industry

Logistics Bureau

This article delves into the changes that new commercial business models, customer expectations, and technology are bringing about in the logistics environment, focusing particularly on how those changes are impacting the planning, procurement, design, layout, and operation of distribution centres. For many businesses, omnichannel distribution brings the distribution centre to the forefront of the supply chain and into the awareness of customers.

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

Without raw materials, components, subassemblies, products or services a company will not be able to manufacture, distribute, sell and deliver to its customers. Every part of your Supply Chain from suppliers, to logistics carriers to Distribution Centres, Manufacturers and Marketing channels must all have sufficient capacity to meet your needs. As a combination of Accounts Receivable, Expenditures, Accounts Payable and Inventory you can see Supply Chain’s impact.

How Inventory Control Can Benefit from Artificial Intelligence

Unleashed

Effective inventory control centres on the fine balance of holding enough inventory to ensure the business operates effectively while avoiding the overstocking that ties up valuable cashflow and leads to waste. Inventory control can benefit from artificial intelligence (AI) because AI provides powerful insights for companies, highlighting interesting trends from large volumes of data that help procurement and warehouse teams to better manage the daily tasks of inventory management.

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

Global supply chains are fundamentally rearranging and there’s a lot of reflection on how the urge to optimize efficiency (whether it was offshoring manufacturing to keep labor costs down, or making supply chains very lean to cut inventory costs) made supply chains more fragile.