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Reshoring Or Not, What is Manufacturing? 4 Questions to Ponder with Real American Manufacturers

Cerasis

Editor's Note: This is a two part series featuring Chuck Intrieri, who along with providing excellent insights over at his industry leading The Lean Supply Chain blog, is also a consultant who works with companies for Cost Reduction, Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection. We recommend you get in touch with him if you'd like an expert to guide you to the next level in your manufacturing business. . What is Manufacturing?

Lean Manufacturing

LeanCor

A Systems Approach to Inventory Management. Inventory Management. Inventory is not isolated to raw materials and finished goods. Companies will carry inventory masquerading as service parts, repair items, administrative suppliers, automobile fleets, and a host of other types of assets that are managed by setting and maintaining certain levels. The problem is that almost every function inside an organization can affect inventory levels. Inventory Strategy.

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Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

Cerasis

Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. There are multiple good models for lean manufacturing operations. Who Needs Lean Manufacturing? A company in need of lean manufacturing practices tends to be easy to identify, typically displaying multiple of the following symptoms of operational deficiency: Inventory amasses in buffer stocks. cuts inventory costs.

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31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Many off-shore manufacturers have returned to the U.S., Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers. manufacturers hurried to produce off-shore, believing significant cost reductions and huge profits would follow. 70% of manufacturers indicate that volatile energy costs are a major concern.

The Indispensable Role of WMS in Reverse Logistics

Cerasis

Reverse logistics is filled with risk, and the rate of reverse logistics in e-commerce is higher than any other channel, reports Business2Community. Among e-commerce sales, up to 30 percent will be returned to the shipper, which reflects a huge demand for effective returns management and reverse-logistics process standardization. Using a WMS in reverse logistics can help meet this rise in demand and increase customer satisfaction. Reverse Logistics Warehouse

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. As with any industry, food and beverage faces its own unique set of supply chain challenges, including: Expiring ingredients, manufactured product and packaged goods.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ LEAN, Supply Chain Optimization, Logistics, Warehouse and Cost Reduction Consultant. Twitter Google+ LinkedIn The post How to Sustain a Lean Culture in Manufacturing & Supply Chain appeared first on Transportation Management Company | Cerasis. Lean Manufacturing Supply Chain lean culture

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Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The distributor maintains the inventory plan. Ask for copies of documents.

Inbound Logistics

LeanCor

Planning a Lean Inbound Logistics Strategy. At LeanCor, we refer to our inbound logistics solutions as lean logistics engineering. The lean logistics engineering process incorporates several complex factors including volume fluctuations, sourcing changes, and lead, window, and service times to determine transportation modes, sourcing locations, freight consolidation, trailer loads, route combinations, and freight sequences.

Pharmaceutical Manufacturers are Focusing on Direct-to-Patient Distribution

DynaSys

Traditionally manufacturers have relied on wholesalers because of their ability to navigate regional complexities and their capacity to gain access into the market. This process has led to many inefficiencies and inflated costs leaving branded drug manufacturers struggling to compete with generic alternatives. In order to negate this delay in delivery time, manufacturers work with wholesalers to keep considerable volumes of product in inventory.

23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 trillion on logistics and transportation services in the United States in 2018, an increase of 11.4%

Supply Chain and Logistics Predictions for 2016

Talking Logistics

Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. Making supply chain and logistics predictions is like throwing darts at a moving target. 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. The Case for Competing on Logistics Talent.

5 Ways to Put AI to Work in Your Supply Chain

Bristlecone

Step 1: Digitize your documents. A leading logistics provider – which works with a large global network of carriers through air, ocean and land – is leveraging AI to increase economic efficiency, enabling them to provide more affordable solutions to their customers. Ghodke says an important first step to staying ahead of the competition is to move beyond manual data entry with an AI-driven technology like Document Digitizer.

Seeking Logistics Perfection

Enterra Insights

Logistics professionals could adopt that statement as their motto. Half-a-decade ago, Apptricity analysts wrote, “In the world of supply chain and logistics management, perfection remains an elusive goal. ”[1] Between then and now, logistics has become a focal point in today’s e-commerce environment; but, the perfect order remains the elusive ideal. “Logistics companies cannot afford not to be innovative,” he explains.

Vendor Managed Inventory? Think twice and consider the risks!

Supply Chain View from the Field

Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. Pull-based inventory management, on the other hand, uses consumption to replenish from the supply base and manage inventory. Inventory levels actually increased at downstream (buyer) facilities.

Inbound logistics requirements for the new automotive supply chain

The Network Effect

In my last four posts, I talked about order aggregation , new inventory replenishment policies , why a network model makes so much sense , and the all important ASN. Today I want to discuss inbound logistics requirements. Thus similar to EDI, logistics needs to be considered part of the transactional flow, not a separate set of functions to be integrated. All supplier shipments must be accompanied by appropriate documentation. SMMT/Ltd Flickr.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. For Pedro Paiva, Operations Director, EMEA for major footwear manufacturer Alpargatas, which owns the Havianas brand, they “Estimate that we will lose between 30% and 50% of sales this year.”.

6 Reasons Why Manufacturers are Embracing the Mobility in Manufacturing Movement

Cerasis

Mobile technology has been embraced by many industries, from healthcare to transportation , but manufacturing has been slow to recognize the benefits of the technology. Recent improvements to network security and affordable applications make mobile more accessible than ever before for the manufacturing industry. The following post is a continuation of our ongoing blog series talking about mobility, connectedness, and the internet of things as it applies to manufacturing.

The Digital Transformation in Logistics: Technologies, Barriers and Predictions!

Supply Chain Game Changer

According to a recent survey conducted by Forbes Insights , 65% of logistics, supply chain and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in order to ensure omnichannel delivery, reduce costs and meet the ever-shifting consumer demand. The path to increased operational efficiency and customer satisfaction lies in the digitalization of logistics workflows. Subscribe Here! Email Address.

How GST (Goods and Services Tax) Has Affected Logistics in India!

Supply Chain Game Changer

Over time it was understood that this was much needed and it actually helped in organizing and setting up different logistics and transport sectors to speed up their overall processes. From the movement of trucks to managing a good economic supply chain, GST affected logistics in a great way. The logistics sector in India is worth $130 million and the number is gradually increasing with a passing day. Right after first party logistics, came second and third party logistics.

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Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Manufacturers usually define supply chain costs using the total cost of ownership. Most manufacturers aim at creating the most optimum supply chain for their organizations. Since these internal costs can significantly increase the total cost of supply, manufacturers should have the right method to identify and quantify them to avoid making purchase decisions based on inaccurate or incomplete data. Inventory costs. Inventory management-.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Manufacturers usually define supply chain costs using the total cost of ownership. Most manufacturers aim at creating the most optimum supply chain for their organizations. Since these internal costs can significantly increase the total cost of supply, manufacturers should have the right method to identify and quantify them to avoid making purchase decisions based on inaccurate or incomplete data. Inventory costs. Inventory management-.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Manufacturers usually define supply chain costs using the total cost of ownership. Most manufacturers aim at creating the most optimum supply chain for their organizations. Since these internal costs can significantly increase the total cost of supply, manufacturers should have the right method to identify and quantify them to avoid making purchase decisions based on inaccurate or incomplete data. Inventory costs. Inventory management-.

A Case Study in Reverse Logistics Optimization!

Supply Chain Game Changer

Check out What Exactly Is Reverse Logistics? The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. When one of the world’s leading manufacturers of personal computers set new goals for its European operations, ModusLink was there to help. Reduced spare parts inventory levels by 52 percent or $2.3

5 New Year’s Resolutions for Supply Chain & Logistics Executives

Talking Logistics

If you’re a supply chain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. The good news is that leading practices in supply chain risk management are well documented in various books and publications , and new software applications are emerging to help companies manage this process. For a long time, C-level executives viewed supply chain management, especially the logistics function, as a cost center.

The Ongoing Impact of Coronavirus

Logistics Viewpoints

The impact has been far reaching, and at Logistics Viewpoints, we have documented many areas of concern, including the impact on manufacturing supply chains in Southeast Asia, the automotive and pharmaceutical supply chains, the high-tech supply chain, and the impact on retail. The post The Ongoing Impact of Coronavirus appeared first on Logistics Viewpoints. Coronavirus continues to impact the world, stunting supply chains and the global economy.

This Week in Logistics News (May 4-8, 2015)

Talking Logistics

In this week’s supply chain and logistics news… Pitney Bowes Expands Cross-Border Ecommerce Capabilities with the Acquisition of Borderfree. XPO Logistics Announces First Quarter 2015 Results. Borderfree manages all aspects of the international shopping experience, including site localization, multi-currency pricing, payment processing, fraud management, landed cost calculation, customs clearance and brokerage and global logistics services.

This Week in Logistics News (October 26-30, 2015)

Talking Logistics

Now, on to this week’s supply chain and logistics news… Exclusive: Wal-Mart seeks to test drones for home delivery, pickup ( Reuters ). Some follow-up thoughts based on the comments received: First, from a supply chain and logistics perspective, I believe Walmart continues to innovate and lead the industry in many areas. According to Reuters , Walmart applied for permission from the FAA to test drones for home delivery, curbside pickup and checking warehouse inventories.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

Logistics can be traced all the way back to the Greek and Roman empires , but it’s undergone several major transformations as new technologies provide opportunities to more efficiently manage the movement and storage of goods. In the digital transformation age, logistics is once again undergoing a major shift. These technologies also contribute to a rise in big data and analytics in the logistics field. ” Meet Our Panel of Logistics Pros: Brian Jessup.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory.

This Week in Logistics News (July 15-19, 2013)

Talking Logistics

XPO Logistics to Acquire 3PD, the Largest Provider of Heavy Goods, Last-Mile Logistics in North America. According to the press release: Oracle In-Memory Consumption-Driven Planning helps organizations understand and respond on a daily basis to true end-customer demand thus helping to reduce bullwhip effect and to improve on-shelf availability and inventory turns. .

At the Starting Line: New Year’s Resolutions for Supply Chain and Logistics Executives

Talking Logistics

Did you come up with any New Year’s resolutions to improve as a supply chain and logistics leader this year? From “5 New Year’s Resolutions for Supply Chain & Logistics Executives” originally published on January 14, 2014: 1. The good news is that leading practices in supply chain risk management are well documented in various books and publications , and new software applications are emerging to help companies manage this process. Happy New Year!

10 Ways IoT Can Improve Supply Chains

IQMS

By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services. Blockchain shows potential for increasing the speed, scale, and visibility of supply chains, eliminating counterfeit-goods transactions while also improving batching, routing and inventory control. The graphic below illustrates how digital twins streamline additive manufacturing.

Omni-channel Emerging as Top Retail Logistics Issue

Supply Chain Network

Last year in Florida at RILA Logistics 2013, the topic of multi-channel was discussed with 5 related presentations delivered where the challenges of the coming omni-channel revolution were laid down. So why am I suggesting that Omni-channel is now emerging to be the top retail logistics challenge being faced today by retailers? Networked companies have a single version of information related to inventory status, POs, inventory, shipments, payments and documents.

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Logistics is no exception. There are hundreds of logistics terms that make up the industry’s language. Here is our glossary of top logistics terms to know. Logistics Terms for Pros to Know. Audit — In logistics, an audit refers to the process of examining, adjusting, and verifying freight bills for accuracy. Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance.