Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. The distributor maintains the inventory plan.

What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Cerasis

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. However, systems used to manage inventory refer to the combination of technology, including hardware and software, for the following: Product identification Product matching to orders Data analysis Product labeling and management Documentation Reporting The use.read More.

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Implementing AI in Supply Chain Logistics

20Cube Logistics

Supply chain logistics is going through a paradigm shift wherein leading e-commerce and logistics have raised customer expectations with timely delivery and status updates of the consignment. Today, AI plays an important role in modern supply chain optimization.

Omnichannel Supply Chain Metrics: What Should Supply Chain Leaders Measure?

Cerasis

But, how do supply chain leaders and managers ensure their omnichannel supply chain is working. The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. Inventory Accuracy. It refers to the in-stock or out-of-stock accuracy of supplier inventory. This KPI should be as high as possible, reflecting accurate inventory available for customers from suppliers.

A Different Solution to the Supply Chain Talent Shortage

ToolsGroup

“78% of respondents to Gartner’s most recent Chief Supply Chain Officer Survey identify talent as the No. 1 long-term supply chain risk”. There is a lot of documented evidence of a shortage in supply chain talent. Instead of thinking about how to find and train people to fit an increasingly complex and multifaceted job, maybe we need to consider how supply chain jobs and roles might be reconfigured to fit this new reality.

Tips for Getting Executive Buy-in for Supply Chain Planning Software

ToolsGroup

Are you making an action plan of all the things you could do better and faster with your supply chain planning software when the next global crisis hits? The disruption we’ve seen in supply chain planning as a result of the pandemic is unprecedented. Your best defense against today’s radical uncertainty is a resilient supply chain that’s ready for anything. ” Steps for building a powerful supply chain planning business case.

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

Casey and Paul Vigna – that opened my eyes to bitcoin’s true potential: as a new operating system for supply chain networks. 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.” A supply chain blockchain application, therefore, could be used to record the balances and transfers of inventory across a distributed supply chain network.

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

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working. Let’s learn and apply it to supply chain management.

3 Common Inventory Management ‘Sins’—And How to Avoid Them

Logistics Bureau

Three rules are really important in inventory management. Excess inventory. 3) Draft an Inventory Policy. If you don’t have an inventory policy: 1) You won’t get consensus. Three rules are really important in inventory management. Excess inventory.

The Top Supply Chain KPIs to Know

Cerasis

In the omnichannel supply chain , where order accuracy and on-time delivery are paramount, the difference between getting the right product to consumers at the right time and getting a similar product to consumers at the right time could be disastrous. This scenario exhibits why tracking the right supply chain KPIs enables continuous improvement. Perfect Order Is Chief Among Supply Chain KPIs. Key Performance Indicators Supply Chain

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“Digital Transformation” and Supply Chain Planning

ToolsGroup

Your company has an older supply chain planning (SCP) system of record (SOR) like SAP APO that was developed in the 1990s. You may have added some best-of-breed add-ons for specialized applications such as multi-echelon inventory optimization (MEIO). This blog and the complete document (available for download) describes goals, technologies and approaches for getting there. Stage 4 brings an extended, external view of the supply chain with profit-oriented optimization.

What are supply chain professionals using to make network decisions? 

AIMMS

We recently created a quiz to help supply chain professionals answer this question. Our goal was to help you identify potential improvement opportunities by answering a few questions and get a temperature check on the current landscape of network design solutions. Our findings show that most respondents rely on a combination of spreadsheets (nearly 60%), gut feel (15%) and previous experience (46%) to make supply chain network decisions.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain. Current Supply Chains don’t operate at the cadence of business. Integrating Blockchain within the Supply Chain could change that. When we are asked about “killer” use cases for blockchain within enterprise systems, Supply Chain is the usual suspect — and for good reason.

The Future of Inventory Management

Kinaxis

by Andrew Dunbar This post concludes my inventory management blog series. Throughout this series I’ve proposed an elevated role for the inventory manager that challenges the assumption that an inventory manager is a victim of his colleagues’ business decisions and plays only a limited role in formulating inventory results. Inventory management is not a stand-alone business process that occurs after other processes are complete. General News Inventory managemen

5 Steps to Supply Chain Orchestration Success

OneSCM

Supply chain orchestration functions much the same way, with business systems from all trading partners and all transactions connected and working efficiently to create a seamless business. Aggregate data is completely visible so executives know exactly how much inventory they have. The optimum supply chain orchestration systems encourage collaboration with suppliers of varying volume, technology and integration levels. Automation Supply Chain Efficiency

Executing Customer-Centric Supply Chain Strategies

Supply Chain Shaman

Included in this post is Cummins’ digital award for the 2016 Supply Chains to Admire. I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. I am enlisting their support to share their stories in podcasts, blog posts and at the Supply Chain Insights Global Summit on September 6-9. About twice a month, companies ask me to review their strategy documents. Supply Chain Alignment.

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

Recovering your assets is a difficult task no matter what your occupation with reverse supply chains in the marketplace. As businesses often have a surplus of goods to dispose of or recover, such as core returns, we’ve compiled some excellent tips for your company so the process of handling goods not only stretches further… but enhances your chain value as well. Effective Reverse Supply Chains. Reverse Logistics Supply Chain reverse supply chains

The Many Types of Inventory Management Technology

Cerasis

There are diverse types of inventory management technology and systems, designed to properly sort, control and act upon information with a company’s inventory. As explained by Kenneth Hamlett of the Houston Chronicle , the two dominant types of inventory management technologies include manual and automated systems. But, there are additional levels of inventory management in between. The basic and most limited type of inventory management system is a manual system.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

For example, 3PLs and software vendors did pay more attention to serving the needs of small and mid-sized businesses (SMBs) and companies in the Energy and Process Industries (see TMS for SMB: Breaking Down the Barriers , Oil & Gas Companies Focus on Eliminating Supply Chain Waste , and Collaboration and Optimization in the Oil & Gas Industry ). Making supply chain and logistics predictions is like throwing darts at a moving target.

Resilient Supply Chains: Are We Poised for the Next Era in Planning?

ToolsGroup

Supply chain planning concepts have been around for nearly half a century, but now many converging factors and technologies are ushering in a new era for this mature supply chain solution. We believe Gartner’s report, “Mastering Uncertainty: The Rise of Resilient Supply Chain Planning”1 takes a challenging stance by imploring supply chain leaders to adapt their planning strategies to better navigate today’s unpredictable markets.

5 Ways to Put AI to Work in Your Supply Chain

Bristlecone

Ghodke posed this question to the LogiPharma audience – for whom running a resilient supply chain is a key tenet of producing and delivering life-saving goods. Step 1: Digitize your documents. 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. Step 2: Empower users with end-to-end supply chain visibility. Supply Chain Apps Trace.ai

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

Cerasis

However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. 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 million employees without a focus on good supply chain management. ” The Key’s To Walmart’s Supply Chain Management Excellence over the Year.

How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! Digital Supply Chain evolve article and permission to publish here provided by Megan R. People often position the digital supply chain as essential for helping today’s businesses succeed. What a digitized supply chain entails, though, changed over the years due to the evolution of technologies and how people use them. Subscribe Here! Email Address.

How An ERP System Can Increase Your Supply Chain Productivity

Cerasis

Maintaining an efficient and productive supply chain is the backbone of any successful business, and ensuring that your supply chain is well-managed and cost-effective is of vital importance. Surprisingly though, many businesses aren’t operating the chain as smoothly as they could. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Supply Chain Technology

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Digital Supply Chains: What’s the Big Deal?

The Network Effect

There’s an interesting report from Boston Consulting Group (BCG), Three Paths to Advantage with Digital Supply Chain , that illustrates the urgent need for companies today to transition to a digital supply chain, if they haven’t done so already. BCG recognizes that the digital supply chain is not new, and it has been productive, but notes that it has failed to deliver on its full potential. ” What is the Digital Supply Chain?

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end. And as supply chains continue to grow, diversify and become increasingly global, total insight, oversight and foresight will become increasingly critical. End-to-end supply chain visibility is a key to becoming a demand-driven enterprise.

Why Our Goal Should Not Be an Integrated Supply Chain

Supply Chain Shaman

This week I spoke at an SAS Global Analytics Summit on the connected supply chain. In my view, the connected supply chain is very, very different from the integrated supply chain. This model endorsed ERP as the system of record for the supply chain. To me, the integrated supply chain made no sense. Actualizing the vision of a tightly integrated supply chain. In contrast, the supply chain is horizontal in nature.

Supply Chain Wars: Episode V – The Corporation Strikes Back

Logility

The next episode in the Supply Chain Wars saga, Episode V – The Corporation Strikes Back is the second in a series of articles that follow a supply chain team’s efforts to improve their supply chain capabilities. You could make the case that Supply Chain Management has grown up in the same 40 year period. Speed requires an integrated and synchronized supply chain from product concept to customer availability.

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. Overview of Supply Chain Operating Network.

A Brief History of WMS in the Supply Chain

Cerasis

The development and history of warehouse management systems (WMSs) have had a profound impact on how the supply chain functions. As the world moved forward, the basic concept of managing warehouse inventory did not change much. The 1900s to Late 1930s: World War I Witnesses the Introduction of Hand Trucks for Moving Materials and Managing Inventory. The 1980s to 1990s: AS/RS Becomes Obsolete, Replaced by a Shift to Managing Inventory in Smaller Batches.

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Indiana Jones and the supply chain bullwhip effect

Kinaxis

A small shift in customer demand essentially cracks the whip, and the further a supplier is from the demand, the more significant the impact, which inevitably leads to increasing swings in inventory for suppliers. This question of demand management led me to wonder if any bullwhip manufacturer or supplier ever ran into a situation that caused them to experience the bullwhip effect in their own supply chains. Have you ever encountered the bullwhip effect in your supply chain?

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 ). Greater Supply Chain Savings Thanks to Transportation Management. Closely relating to auditing, these features and services help prevent product write-offs from oversupplied supply chains. Why Do Supply Chains Need Transportation Management?

Is Your Supply Chain Ready for Social Media-Fueled Demand Volatility?

ToolsGroup

Supply chain practitioners know trends like product line proliferation, shorter product life cycles, increased complexity, massive amounts of data and ever more demanding and unpredictable customers are accelerating. When social media product promotions overwhelm supply chains.

Healthcare Supply Chain

LeanCor

Mapping the Current State – Healthcare Supply Chain. The masses, however, do not realize that the problem does not rest with the poor sweet customer service agent fielding the call, it resides in the complex supply chain. When approaching healthcare supply chain problems, there’s only one place to start – a current state map. Below we address a few simple steps that walk you through mapping your healthcare supply chain.

The Sensing + Intelligent + Social Supply Chain: How can you achieve it?

Kinaxis

by Trevor Miles The Result is Faster and More Effective End-to-End Supply Chain Management. In my first two blogs on this topic, I explained how supply chain management is a collective activity. With growing globalization and complexity, it is becoming more important than ever that your supply chain has all of these aspects. But today’s environment of modular, functional supply chain planning is failing to provide that view.