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In-transit inventory is a frequently overlooked aspect of inventory management and accounting for product businesses. Let’s break down what it is, how to calculate its value, plus a few tricks for smarter management of in-transit goods. What is in-transit inventory? In-transit inventory is products that have been shipped by the seller but have yet to reach the customer.
As we move into a new year, we look forward to how ERP software will innovate for companies to capture benefits across their value chain. These advances will be seen not only in transformational digital technologies, but also in solutions for new ways of working, business decision-making, and automation of manual, routine workloads. While there will be many innovations in 2023, here are eight trends for manufacturers to focus on when planning their digital future. 1.
Supply chain disruptions are the enemy of product businesses. They cause bottlenecks that can slow down your fulfilment processes and bring production to a standstill. The result is high costs and unsatisfied customers. Lean logistics is a strategy designed to optimise supply chain efficiency by cutting out waste and maximising customer value. Let’s explore how to make it work for your business.
Recent events have elevated supply chain to a top priority for CEOs across the globe. The Conference Board ( conference-board.org ), a well-known, global business membership organization, conducted its C-SUITE OUTLOOK survey in the fall of 2021. Its survey results showed supply chain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs.
So much has changed in a year! While the supply chain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. As costs pressures build up, organizations need to get creative in increasing the focus on cost optimization while ensuring resilience and business continuity.
A new year is underway, and what better way to begin our 2023 blog activity than with a summary of the freshest news from the supply chain and logistics theatre? In this edition of our news roundup, we cover the following notable developments: China’s U-turn on COVID policy and the potential impact on global supply chains South Korean President’s supply chain message in World Economic Forum address The death of just-in-time in the seafood supply chain The rapid growth of the big and bulky sector
A new year is underway, and what better way to begin our 2023 blog activity than with a summary of the freshest news from the supply chain and logistics theatre? In this edition of our news roundup, we cover the following notable developments: China’s U-turn on COVID policy and the potential impact on global supply chains South Korean President’s supply chain message in World Economic Forum address The death of just-in-time in the seafood supply chain The rapid growth of the big and bulky sector
Measuring the Value of Optimized Inventory in Service Parts The spare parts market is big business, with the global automotive spare parts market valued at US $160.69 billion in 2021 and projected to grow to US $264.68 billion by 2030. It is a complicated, availability-driven industry, but the prize for getting inventory distribution right is significant.
Humans possess the remarkable ability to think about and plan for the future. In the case of climate change, however, humans have done a lot more thinking than planning. As a result, we are now feeling the adverse long-term effects of changing weather patterns. Both consumers and enterprises in the consumer packaged goods (CPG) sector are taking notice.
By John Hampton (pictured) Content Writer The post Which Business Energy Providers are Offering the Best Deals in 2023? appeared first on IT Supply Chain.
How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots. Technology’s place in supply chain operations is well established and much appreciated, as it helps improve accuracy, visibility, and efficiency from orders coming in and shipments moving out.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Courtney Folk and Joe Lynch discuss the Renewal Logistics story. Courtney is the Co-Founder and CEO of Renewal Logistics , a full-service apparel fulfillment company that is the largest independent apparel restoration company in the US. About Courtney Folk Courtney Folk is the Co-Founder and CEO of Renewal Logistics, a full service apparel fulfillment company that is the largest independent apparel restoration company in the US.
Be careful where you hidewhen you’re playing hide-and-seek. A 15-year old boy from Bangladesh was playing hide and seek with his friends and he hid inside a shipping container. Unfortunately, he locked himself in, fell asleep, and ended up in Malaysia six days later. “The boy was locked inside the container for 6 whole days. Read more The post Above the Fold: Supply Chain Logistics News (February 3, 2023) appeared first on Talking Logistics with Adrian Gonzalez.
Ivalua’s new Environmental Impact Center empowers Procurement and Supply Chain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. EIC’s Unique Capabilities: Ensure transparent carbon emissions baseline based on reliable emissions data Identify and prioritize emissions reduction opportunities Monitor and manage emissions at the product level Redwood City, CA – 31 January, 2023 – Ivalua , a global leader in Cloud Spend Management Solutions , announced the
For the second straight year between the conference championships and the Super Bowl, Tom Brady has announced his retirement from the NFL. This time, however, he says it is for good. As a Boston fan, Tom Brady forever changed my sports landscape. He brought the region its first championship since 1986, against a team that was supposed to destroy the Patriots.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
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Eddie Misicka and Joe Lynch discuss building wolrd class tech for final mile. Eddie is the Vice President of Product Development at OneRail an Orlando-based last mile transportation visibility solution providing shippers with Amazon-level dependability and speed. About Eddie Misicka Eddie Misicka is the Vice President of Product Development at OneRail.
There are a lot of dimensions and moving parts to supply chain management. But one area that I don’t think gets enough attention is channel management — that is, the way companies connect, communicate, and collaborate with their distributors, resellers, and other channel partners. As with other areas of supply chain management, there have been.
From tech giants to manufacturing leaders, the top 10 CEOs in the supply chain industry have blazed a trail of success. Explore their stories and accomplishments, and be inspired to become an effective leader in your own right. Don’t forget! We have tons of other interesting blogs with valuable insights related to the supply chain field, such as the following: 6 Logistics KPIs Attributes That are Essential Evolution of Supply Chain Management and Logistics Rising Supply Chains Complexity &
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Shannon Breen and Joe Lynch discuss the FreightVana story. Shannon is Co-CEO & Founder of FreightVana , a digital logistics partner powered by technology and built on a foundation of trust and transparency About Shannon Breen Shannon Breen is the Co-CEO & Founder at FreightVana, a digital logistics partner powered by technology and built on a foundation of trust and transparency.
Note: Today’s post is part of our “Editor’s Pick” series where we highlight posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. In this January 31, 2023 post from Uber Freight’s blog, Mazen Danaf, Senior Economist at Uber Freight, outlines why GDP is not.
Why should Procurement own Scope 3 Emissions? The answer is simple- suppliers and spend. For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Most organizations are familiar with Scope 1 and 2, as they are direct and indirect emissions from your own operations.
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What is Remote-Insourcing? Sounds like an oxymoron, right? Not anymore. Remote-Insourcing isn’t outsourcing—it’s a revolutionary staffing model that lets our clients fill key entry-level positions with top-tier, loyal, long-term talent, integrated seamlessly into their businesses—just like local employees but without the turnover or W2 HR hassles. With under 4% unwanted attrition, you train once and keep the same team for years.
By Cybersecurity, Risk & Data Experts Andy Palmer (main picture) Co-Founder & CEO of Tamr The post Data Privacy Day: what to expect in 2023 appeared first on IT Supply Chain.
What are supply chain control towers and digital twins? We take a look at defining the terms, the key differences and what these solutions offer to supply chain planning.
Why should Procurement own Scope 3 Emissions? The answer is simple- suppliers and spend. For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. Most organizations are familiar with Scope 1 and 2, as they are direct and indirect emissions from your own operations.
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By Dwight J. Lawrence (pictured) Content Writer The post The Role of Custom Coil Winding in Creating High-Quality Medical Devices appeared first on IT Supply Chain.
In a series of blog articles, the Product/Solutions Marketing team explores new business challenges and innovation solutions to change the game and manage disruptions. The following are the insights gained from my discussion with Salim Shaikh , who leads Blue Yonder’s Automotive Industry Strategy, during a recent Blue Yonder Live and webinars that we prepared for jointly.
One of the largest European meat producers grew through mergers and acquisitions, and an unwieldy transport network developed to keep their perishable product flowing. Knowing there had to be a better way, Vion joined forces with Chainalytics to set a course for the future with a robust, flexible, and optimised transport network. Vion Food Group … The post Devising a Simpler Yet More Effective Transport Network for Vion Food Group appeared first on Chainalytics.
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