Remove Document Remove Inventory Remove Sourcing Remove Transportation

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?”

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

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Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. Gaining end-to-end visibility across your transportation processes delivers: $32.00 in Freight Cost Savings Per Shipment: Logistics Sourcing activities improve negotiated rates.

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). To maintain your role in the global market, you need to understand how 3PLs contribute to an improve transportation networks. Greater Supply Chain Savings Thanks to Transportation Management. Why Do Supply Chains Need Transportation Management?

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

In this article, leading experts from various sectors in transportation industry will discuss transportation trends you should take a closer look. James Winebrake, Dean of College of Liberal Arts, Rochester Institute of Technology There are a number of important trends happening in the freight industry, spanning all modes of transportation: trucking, shipping, rail, pipeline, and air. Are there other transportation trends to watch and why

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7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products. Best-in-class global transportation is based on command and control competencies that create flexible and resilient transportation capabilities.

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products. Best-in-class global transportation is based on command and control competencies that create flexible and resilient transportation capabilities.

5 Ways to Optimize Your Logistics & Transportation with Lean

Arkieva

Are you using lean in your logistics and transportation management? The transportation company’s culture and behavior should change to apply Lean thinking. Transportation takes time. 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. The list of additional waste generated by transportation goes on and on. Right Source.

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

Global Trade Management

The chain of custody certification offers the ability for public and private entities to chronologically document (physically or electronically) the ingredients, components and final products, their condition from production to destination as well as along the distribution lines recording any disruption in the product’s environment that could negatively influence the products quality or performance. This documentation should be precise enough to also be validated by a court.

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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.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory. Pictures, images, text, email, sentiment, contracts, documents are all areas of opportunity. We finished dinner. I pressed my neatly folded napkin to my lips.

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Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants. Outcomes: improved inventory management; More accurate determination of re-order points; Better on-shelf availability.

Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. New Study Shows a Rise in US Company Inventories. Source: Commerce Dept.

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]. I have to admit, I’ve paid very little attention to all the buzz surrounding bitcoin these past few years.

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Supply Chain and Logistics Predictions for 2016

Talking Logistics

more near-shoring and larger, less frequent shipments to minimize transportation costs). 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?

Software is Not Enough: SAP and Descartes Partner on TMS Connectivity

Talking Logistics

That is one of the most important, yet often overlooked, questions shippers should ask before implementing a Transportation Management System — specifically if they’re implementing a traditional, behind-the-firewall solution. These services will leverage the transportation information created by SAP TM and provide filing status updates to SAP TM for improved shipment visibility. Where to Find Supply Chain Innovation (Source: Adelante SCM).

4 Supply Chain Areas to Examine in the Face of Disruption

QAD

The desire is to create flexible sourcing and connected supply chain networks that effectively respond to customers’ issues and expectations. With the technology available today and quicker access to information, more precise demand tracking and monitoring allows for appropriate and timely adjustments to better meet customer demands and reduce inventory levels. Reevaluate Lean Inventory.

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Key considerations for brands and e-tailers in India who are gearing up for festive bonanza

Vinculum

Inventory management in real-time. This can be combated by ensuring quality checks to a product before it is shipped and the need to establish a supply chain where inventory is properly distributed, safely stored and is moved by reliable and resourceful shipment companies.

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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.

8-Step Importing Guide For First Timers

EMERGE App

This should serve as a general framework to source products from different countries according to their strengths. Department of Transportation. We’ve got a great guide on sourcing products from China , for example. By the time you source, produce and receive the goods, the trend would have passed. Or you might need an interpreter if you’re sourcing from a country where English is not widely spoken. Transportation charges. Introduction.

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

Talking Logistics

INTTRA Collaborates with JDA Software for Streamlined Transportation Management. “Given that 90% of everything we buy is transported by ocean, it’s important that we can extend our Transportation Management capabilities to INTTRA’s platform to bolster our ocean shipping capabilities exponentially,” said Fabrizio Brasca, Vice President, Solution Strategy, Intelligent Fulfillment, JDA. .

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8-Step Importing Guide For First Timers

EMERGE App

This should serve as a general framework to source products from different countries according to their strengths. Department of Transportation. We’ve got a great guide on sourcing products from China , for example. By the time you source, produce and receive the goods, the trend would have passed. Or you might need an interpreter if you’re sourcing from a country where English is not widely spoken. Transportation charges. Introduction.

The Business Case for a Global TMS

3rdwave

Demands on the transportation teams are growing as political posturing ramps up causing rapid disruption to global supply chains. A global TMS solution provides an automated and systemic way of addressing the challenges that are the reality for most organizations that source globally. This control is done through Dashboard process management, real-time access to in-line look-ups, and direct access to underlying master data and transportation execution detail.

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

The Logistics & Supply Chain Management Society

RPA can automate the uploading of reporting and contract data for transactions from contracts into Transportation Management Systems (TMS) or Enterprise Resource Planning (ERP) systems with greater speed and accuracy. Inventory Management.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

These losses occur because supply chains have inherently lacked on-demand access to actionable data that enables real-time decision-making about a product’s freshness and quality and documents the freshness and safety of delivered products. To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products. All other trademarked names in this document are the properties of their respective owners.

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

Talking Logistics

In addition to language and currency considerations, there are many other factors that come into play, including cost factors (duties, taxes, brokerage fees), customs compliance requirements (product classification, restricted party screening, import/export documentation), and complying with the address formats of destination countries to prevent delays and other issues with last-mile delivery. Ever get a song stuck in your head?

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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 And on the subject of sustainability, SCDigest.com covered Walmart’s 2015 Sustainability report : Walmart, the world’s largest corporation, is fresh out with its 2015 sustainability report, the eighth such document it has produced. Sources: “Annual Financials for Wal-Mart Stores Inc.”

LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

Cerasis

For shippers, this means finding a way to handle changes in inventory and replenishment, as well as managing outbound freight and reverse logistics. A few key considerations when deciding between LTL and intermodal transportation, include: Intermodal is comparable to FT use. Shippers need to know what additional services will need sourcing to take advantage of the range of LTL to intermodal shipping. Transit times are longer than just transportation time.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more. Source ID. Source ID. Content Summary: Personal Mover Transports Employees around BMW Plant. To eliminate some of this traveling BMW’s R&D group developed a Personal Mover solution—a one-person means of transport for covering short distances within an operating site. Source ID. Source ID. Source ID. Source ID.

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. Green logistics has a significant role in the trade process, transport and deliver the goods.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

Such providers understand domestic transportation issues, and can plan to develop long-term solutions to complex local distribution challenges. Globalization is now increasingly linked to labor costs in countries such as China, as well as fuel costs and regulatory shifts, which are in turn driving a dramatic impact on where companies source, where they produce, and the complexity of processes required to sell to the customer. 2013 has certainly been an interesting year!

Supply Chain Risk Management in 2021 and Beyond

Unleashed

Because many businesses operate under single-sourcing strategies they were unprepared for the shutdown of primary suppliers. This single-source approach meant they faced supply disruption, inventory stockouts and lost sales when the pandemic hit.

Inbound Logistics

LeanCor

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. Transportation costs to support the current network. Develop an inventory strategy based on pull. Develop a transportation strategy based on pull.

How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Accepting or submitting orders via email allowed companies to have electronic paper trails to maintain accurate inventory counts and keep clients satisfied. Such information streamlined transactions and improved decision-making, but the ERP data did not initially permit connecting and compiling cross-functional data sources. It can also eliminate manual, time-consuming processes concerning paperwork that could otherwise lead to lost documents. Subscribe Here! Email Address.

The Differences Between Digitization, Digitalization And Digital Transformation In Supply Chain

Abivin

For example: Mr. John scans his company's documents into PDF format and saves them to the C drive on his PC. For example: Mr. ,,John ,,scans his company's documents into PDF format and saves them to the drive C on his personal computer. Image source. For example: Mr. ,,John,,’s company implements a Transportation Management System ,,(. ,,, 3. Digitalization and Digital Transformation in the Supply Chain Image source.