Remove Document Remove Inventory Remove Logistics Remove Sourcing

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. Visibility is the centrepiece … not only in terms of where my inventory is, in which channel, and where to move it, but also in consumer demand, and how can I be ahead of that game and forecast the demand?”

Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. Improving costs remains a core competency for any sourcing organization. Inventory. Logistics. The post Strategic sourcing enters a new age.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.

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.

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. Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket. Additionally, the client’s inventory levels were reduced by 52 percent or $2.3

Made in “I Really Don’t Know”

Talking Logistics

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Here are some recommendations: Identify and document the root causes of poor supply chain visibility. Define and document Supply Chain Mapping business processes.

This Week in Logistics News (June 1-5, 2015)

Talking Logistics

I’m on limited time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: enVista Launches New Business Entity, Enspire Commerce®. We founded Enspire Commerce to address gaps in the marketplace for price-competitive solutions that solve the complexities of omni-channel inventory visibility, order routing and fulfillment execution between retailers and their stores, logistics partners and vendors.

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.

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. Source data is a combination of reference and benchmark data from third parties as well as econometric models and formulas. Evenex has “over 3,000 customers exchanging more than 375,000,000 documents every year and is the leading and preferred business-to-business integration provider in Denmark.”.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. According to World Bank report, efficient logistics refer to transport, storage and conveyance of products to the ultimate consumers from the companies at minimal costs. How can companies enable Green Logistics? Green logistics has a significant role in the trade process, transport and deliver the goods.

Chain of Custody: The source of control in global supply chains? – IoT Beyond the Buzz

Global Trade Management

You may find multiple definitions of a chain of custody by governments, associations, agencies, logistics service providers, shippers. This documentation should be precise enough to also be validated by a court. The logistics industry is slowly being transformed to the point when the utilization of the electronic data environment will become the norm in the industry and the additional technological advancements in IoT technology will enable the integration of complete cargo supply.

Cargo 40

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.

This Week in Logistics News (January 4-8, 2016)

Talking Logistics

In the meantime, here’s the supply chain and logistics news that caught my attention this week: EU Approves FedEx Acquisition of TNT Express ( WSJ – sub. This live and predictive analytics platform filters through news sources (including Lloyd’s Maritime, CNN, and more), blogs, social media (ex. Twitter), and natural disaster alerting sources to find and disseminate content relevant to global supply chains.

Cargo 109

Supply Chain Wars: Episode V – The Corporation Strikes Back

Logility

Higher analytics maturity levels often lead to improved product quality, increased revenues and service levels while decreasing inventory. Product Life-Cycle Management: Whether your company is a manufacturer, distributor or retailer you need real-time visibility into product data and the ability to share this information between design, planning manufacturing, merchandizing, costing, sourcing and logistics.

5 Ways to Optimize Your Logistics & Transportation with Lean

Arkieva

Are you using lean in your logistics and transportation management? The need to transport parts also drives inventory up, creates a need for space to store those parts, and uses energy for more forklift time and warehouse heating. Right Source. Rather, going beyond customer expectations need to be fully understood, and transportation strategies then developed to meet those expectations with optimal inventory levels.

Lean 68

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

The WSJ article and other sources, such as this Khan Academy video series , explain how bitcoin works, so I won’t go into it here. As Casey and Vigna put it, “we imagine bitcoin as some sort of digitally rendered equivalent [to a paper dollar bill], much as a Word document is a digital stand-in for a physical page of text.” Source: [link]. appeared first on Talking Logistics with Adrian Gonzalez.

System 208

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My first focus was on China sourcing. News coverage showcases the differences between logistics and supply chain management. China was the source of over 90% of PPE.) As I watch the news and work on client documents in my quarantine, I try to manage my emotions. Expect border friction and logistics to be an issue. Instead, use demand sensing technologies to detect patterns with minimal latency into inventory requirements. Evaluate Inventory.

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

This excess of inventory can often pose as a problem when companies already have a long list of issues to tackle to remain relevant in the market. However, technology can be used to turn what seemed as losses into standby sources of revenue. Such tools, like the Cerasis Reverse Logistics product , which is newly released, allow an employee to procure and dispose of surplus product from more than one location. Reverse Logistics Supply Chain reverse supply chains

Confessions of a High Priced Expediter!

Supply Chain Game Changer

The spreadsheet format I developed to track the status of each part was critical because it became the document of record and the single source of the truth. 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. SCM #SupplyChain #Logistics #Distribution #Procurement. Subscribe Here! Email Address.

Can Twitter Help You Make Smarter Supply Chain Decisions?

Talking Logistics

My main message: Think of social networking as another set of communication and collaboration tools, which include discussion forums (think LinkedIn groups), document sharing (think Dropbox), video conferencing (think Skype), texting and micro-blogging (think Twitter), video and photo sharing (think YouTube and Instagram), and blogs and wikis (think Wikipedia). Here are some excerpts from the press release: Twitter is like no other data source in the world.

SCRC Student Project Lineup Off to a Great Start…

Supply Chain View from the Field

Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations. We will have speakers from John Deere, Excel Logistics, GSK, NSA,, and others coming in this semester.

SCM 65

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. inventory, orders, shipping) and synchronization of activities across multiple trading partners. Source: RevCascade website.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

For an industry that increasingly requires higher logistics pipeline velocity without sacrificing accuracy and at lower costs, RPA is a natural choice for high performing supply chain organisations. Inventory Management.

Embedded 3PL Relationship: What is it & Why is it Vital to Ultimate Shipper Success?

Cerasis

Outsourcing Logistics, and embedding a 3PL into a shipper/customer who give a dedicated representative who handles all of the details for the shipper. The current Logistics Manager or Purchasing Manager at the company may be resentful: “Do I really need a 3PL or company representative to help do my job, and, frequently the point of contact for relations with carriers? The current Logistics or Purchasing Manager wants an answer as to “WIIFM?” 3PL Logistics 3PL Relationship

3PL 178

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. Blockchain can be used to securely document everything related to the asset and IoT provides real-time monitoring and updates.

The Ultimate Guide to Pick and Pack Methods!

Supply Chain Game Changer

Good inventory management and the right pick and pack software will help you ship orders with maximum speed and accuracy. Your inventory storage strategy and your pick and pack methods are key here. You might organize your inventory the way you organize your closet. Inventory Storage Strategies. When it comes to managing your inventory, however, throw intuition out the window. If you started out small, you probably initially stored your inventory like with like.

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

Cerasis

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 This “invisible” part of Walmart’s business is a logistical and supply chain management and the practices they employ should give supply chain managers pause to take a bit out of their day and inspect what Walmart is doing in order to mimic into the supply chain manager’s own practice.

This Week in Logistics News (October 7-11, 2013)

Talking Logistics

Exclusive: Cisco, Google, SAP discussing BlackBerry bids – sources ( Reuters ). On the technology front, SAP announced the SAP® Customer Activity Repository application, “a new retail data repository powered by the SAP HANA® platform…intended to support retailers in becoming more customer-centric by bringing together customer, sales and inventory information from siloed applications.” There’s lots going on today, so let’s go straight to the news.

Is Google the most innovative supply chain company in the world?

Freightos

The overall impact of mobile has been well documented in the press. Inventory management and replenishment as well as reverse logistics can now be managed by mobile as well as payments. In 2013, UPS became the first logistics provider to offer 3D printing services at select UPS Stores. According to Ti’s white paper on the topic, some goods manufactured in Asia-Pacific could be near-sourced to the US or Europe. DHL White paper: Augmented Reality in Logistics .

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Thanks to omni-channel distribution, 3-D printing, self-service logistics and other avenues of disintermediation, traditional supply chain roles are rapidly being transformed into all-new opportunities. Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more. Source ID. Source ID. Source ID. Source ID. Source ID. Self-Service Logistics. Source ID. Source ID. Source ID.

Importance of Technology on India’s Supply Chain Management

20Cube Logistics

Around 14 percent of GDP spent on logistics sector annually in India as compared to only around 5 percent of GDP in the developed countries logistics sector. According to an ASSOCHAM (Associated Chambers of Commerce and Industry of India) study, the logistics sector in India is poised to grow at 16 percent YoY CAGR. Source: World Bank Logistics Performance Index 2018 ). Digital Logistics Technology

India 40