Wed.Jun 05, 2024

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What is Vendor Managed Inventory (VMI)? Supply Chain Explained.

ThroughPut

Vendor-managed inventory (VMI) is a collaborative supply chain management strategy where the vendor (supplier) manages the inventory levels at the customer’s location. This management involves the vendor monitoring stock levels, forecasting demand, and replenishing inventory. How does VMI work? VMI works through leveraging a couple of important elements.

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Warehouse Automation 101: A Beginner’s Guide

Logistics Viewpoints

Autonomous technology continues to make an impact on the supply chain. The autonomous supply chain , as I am writing about it here, applies to moving goods without human intervention (to some degree at least). While there is plenty of talk about autonomous transportation, including drones and self-driving trucks, warehouse automation is at the forefront of the autonomous supply chain.

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Beyond the Yard: How Velostics Streamlines Scheduling with Gaurav Khandelwal

The Logistics of Logistics

Gaurav Khandelwal and Joe Lynch discuss beyond the yard – how Velostics streamlines scheduling. Gaurav is the Founder and CEO of Velostics , a logistics Software-as-a-Service (SaaS) company specializing in unified scheduling of appointments, dock and yard management and digitizing the gate in/out process for shippers. Summary: Beyond the Yard: How Velostics Streamlines Scheduling In this podcast, Gaurav Khandelwal, CEO of Velostics, discusses how their cloud-based logistics software au

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Elevating Inventory Management with Multi-Echelon Inventory Optimization

Logility

Modern supply chains are far from linear. They now resemble complex labyrinths, where balancing overstocks and stockouts is merely the starting point. In this dynamic environment, businesses must meet rising customer service expectations while driving innovation and growth. Such complexity drives demand volatility. This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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When People Change, We Need To Let Them: One Associate’s Message in Honor of Pride Month

BlueYonder

A note from the writer: I’m in a years-long group chat with a small group of the closest queer people in my life. We cheekily call it the GNN (Gay News Network), and we share everything from funny memes and ridiculous TikToks to inspiring articles and even our biggest worries and insecurities. Recently, I shared with the GNN some intimate, personal thoughts on change, and in honor of Pride month, I’d like to share an excerpt of that conversation with you.

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More Trending

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Volvo Set to Roll Out Supply Chain Tracker for EVs

Supply Chain Brain

The new tracker will provide details on materials used for EV batteries, as well as the carbon footprint for the batteries themselves.

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Understanding the Categories of Commercial Driver’s Licenses in the US

IT Supply Chain

By Ian Benson (pictured) Content Writer The post Understanding the Categories of Commercial Driver’s Licenses in the US appeared first on IT Supply Chain.

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Illuminating Adversarial Influence in Seaports

Exiger Perspectives

Illuminating Adversarial Influence in Seaports June 5, 2024 White Paper Challenge Maritime critical infrastructure security has been an increasing U.S. national security priority, particularly after the 2022 attacks on the Nord Stream pipelines in the Baltic Sea. There is growing concern about foreign influence in U.S. seaports as economic competitors and their governments make a concerted effort to expand influence into seaports around the world.

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Uncover Supplier ESG Risk with Resilinc’s ESG Risk Assessment

Resilinc

Learn how Resilinc’s ESG Risk Assessment can help your company proactively mitigate ESG Risks hidden in your supply chain. ESG (environmental, social, governance) is becoming increasingly important for supply chains across the globe. As governments introduce stricter ESG legislation related to environmental protection, labor rights, and corporate governance, companies must perform due diligence to avoid costly penalties and legal risks.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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EU Deforestation Regulation: How To Get Ready Today

Exiger Perspectives

EU Deforestation Regulation: How To Get Ready Today Prepare for Compliance with Our White Paper The Dec. 30 deadline to comply with the European Union’s Deforestation Regulation (EUDR) is looming for companies that operate within or into the EU. With severe penalties for noncompliance, including substantial fines and potential reputational damage, the time to act is now.

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The A-B-C of Route to Market: A Simple Guide to Achieving Success

Enchange Supply Chain Consultancy

Myself and Enchange colleagues have written 100’s of posts and articles about Route to Market for well over five years. It is fair to say that our message has spread far and wide and attracted a lot of attention in the RtM and commercial world. I want to bring this work together in the form of a simple new model. I will call this model the A-B-C of Route to Market.

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Supply Chain News onInching Closer to the Autonomous Warehouse

Supply Chain Digest

German Software Firm Arvato Announces AI Powered WMS for Autonomous Operations

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The Trillion-Dollar Problem for Retailers: Not Having Clean Data

Supply Chain Brain

A study by the IHL Group found that retailers miss out on nearly $1 trillion in sales per year because of out-of-stock items.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Happening Now: Signs of Transportation Market Tightening

West Coast and California Logistics

According to Trucking Dive , the transportation market is experiencing a “rightsizing.” 2024 is seeing about the same number of new trucking companies enter the market as there were last year. Overall, however, there are more trucking companies shutting down than there are entering the industry.

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Watch: How Can LSPs Help Their Customers To Weather Disruption?

Supply Chain Brain

Ann Marie Jonkman, senior director of global industry strategies with Blue Yonder, frames the key questions that logistics service providers should be asking, as they consider adopting innovative technologies on behalf of customers.

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Introducing Precoro and Home Depot Integration — Simplified Procurement for Construction and Renovation

Precoro

Life as a procurement manager can be pretty hectic. Juggling multiple orders that need to be completed in short time frames and spending hours entering order details—it all adds up to a demanding day. Precoro is introducing a better solution that makes construction and renovation purchases quicker and error-free. Access Home Depot’s extensive catalog of building materials, renovation supplies, and gardening tools directly from within Precoro.

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U.K. Clothing Exports Take Nosedive Since Brexit

Supply Chain Brain

Exports of clothing and footwear from the U.K. to the EU have dipped from £7.4 billion ($9.4 billion) in 2019 to £2.7 billion in 2023.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Supply Chain Segmentation: A Smarter Strategy for Satisfying Customers and Increasing Profits

ThroughPut

Here’s a simple yet illustrative example: Sara’s Sweets is a fictional bakery that collaborates with local cafes and also handles custom online orders directly from consumers. Online customers frequently demand highly customized products, such as tailor-made cakes, detailing every aspect of their order. These requests are irregular but tend to spike during special occasions like weddings and the holiday season.

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Auto, Steel Groups Urge Canada to Match U.S. Tariffs on China

Supply Chain Brain

Prime Minister Justin Trudeau and other Canadian officials have said they are monitoring the American tariff policy, but have not committed to following suit.

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Customer Segmentation: A Smarter Supply Chain Strategy to Streamline Operations & Boost Profits

ThroughPut

Here’s a simple yet illustrative example: Sara’s Sweets is a fictional bakery that collaborates with local cafes and also handles custom online orders directly from consumers. Online customers frequently demand highly customized products such as tailor-made cakes, detailing every aspect of their order. These requests are irregular but tend to spike during special occasions like weddings and the holiday season.

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Digital Freight Company Transfix Sells Brokerage Business

Supply Chain Brain

The sale will include the addition of 15,000 carriers for NFI Industries, while Transfix says it will keep just over 100 of its roughly 350 employees.

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.