Sat.Jul 11, 2020 - Fri.Jul 17, 2020

Reduce Spoilage and Boost Profitability from Perishable Orders

Herlitz Inventory Management

There’s a fine line between lost sales and spoilage. Here’s how to find it. Buying the correct amount of inventory requires a fine balance between ordering enough inventory to support demand without overbuying. Solving this problem is much easier said than done, especially without a strong purchasing system that understands the challenge of stocking perishables. However, the margin for error varies for different products. Perishable buyers specifically have a far less wiggle room than CPG buyers.

Rearchitecting IT to Build a Resilient Supply Chain

Bristlecone

Giriraj (GK) Sharma, Associate Vice President, Bristlecone . In medical research, a lot of time and money has been spent on non-communicable diseases over the past three to four decades. In the last few years, as the industry caught up with AI/ML waves, possible scenarios from diagnosis to remote surgery with fewer human interventions were being widely explored. These are all important innovations, no doubt.

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Lean Continuous Improvement – Key Drivers for Continuous Improvement

ThroughPut

“ Lean” is considered to be a philosophy of continuous improvement. What is Lean Continuous Improvement? Lean Continuous Improvement is defined as a method for identifying opportunities for streamlining work, reducing waste, and increasing productivity. By observing Lean Continuous Improvement best practices, manufacturers can figure out ways to continue business as usual while analyzing improvement opportunities along the way. Consider a simple task of watering a garden of plants. .

5 Reasons to Consider Managing Inventory Data Outside Your ERP

DSI

Businesses are being forced to adapt and change on the fly like never before. The ways of doing business are changing rapidly while, at the same time, we see more and more limitations to how business must be conducted as we work to control the global COVID-19 pandemic. With these drastic changes, companies are realizing their existing ERP systems were not designed to provide the level of flexibility or nimbleness required for a reactive supply chain.

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New Buyer's Guide for Supply Chain Network Design

Many companies are looking to redesign their supply chain network to lower costs, improve service levels and reduce risks in the new year. To do this, teams are finding that they need to perform network assessments more regularly and in-house. Scenario modeling is emerging as a key capability. To help you start 2021 strong, we updated our popular Buyer's Guide for Supply Chain Network Design Software with research insights and learnings.

Real-time data and AI vital to development of digital supply chains

EFT

. According to a study by E2open, the use of real-time information and artificial intelligence to sense demand dramatically cuts forecast error by an average of 36% across all products in the study. If confirmed, this could be important in a post-COVID environment as Reuters Event Supply Chain research has found that the biggest supply chain bottleneck supply chain professionals are seeing due to COVID-19 is a lack of clarity on customer demand.

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More Trending

The Five Biggest Supply Chain Challenges of 2020

River Logic

Supply Chain Management Supply Chain Supply Chain Optimization COVID-19 supply chain risk

Three Ways to Optimize Inventory

The Smart Software

Inventory optimization has become an even higher priority in recent months for many of our customers. Some are finding their products in vastly greater demand; more have the opposite problem. In either case, events like the Covid19 pandemic are forcing a reexamination of standard operating conditions, such as choices of reorder points and order quantities. The post Three Ways to Optimize Inventory appeared first on Smart Software.

Enhancing the RFP Process for a Stronger Supplier Relationship

ProcurePort

The supply chain is a vital aspect to any organization in any industry. Developing a book of suppliers and vendors that are trustworthy, reliable, and actively respond to RFPs is a challenge for every procurement team. Enhancing the RFP process can help organizations in building a library of suppliers and vendors that they can turn […]. The post Enhancing the RFP Process for a Stronger Supplier Relationship appeared first on ProcurePort Blog. RFP Software Uncategorized

10 Tips to Improve Logistics Workforce Management

Kane is Able

Other than inventory, your logistics workforce is the largest expense in your distribution centers, eating up 50–70% of the warehousing budget. It’s why managing and reducing labor-related expenses is a top priority for just about every logistics executive. At Kane Logistics, we’re proud that our associate retention levels with our top 10 customers is 80.2%, compared to the industry average of 53.9% (U.S. Bureau of Labor Statistics).

Become a Walmart On-Time In-Full Guru With the Ultimate Guide to OTIF!

Information on Walmart’s On-Time In-Full program is scattered, so we’ve put together everything you need to know about OTIF. Download this ebook to get the skinny on OTIF metrics, identifying the root cause of issues, and how to improve your scores!

How To Ship Hazardous Materials (Hazmat)?

PLS Logistics

When it comes to shipping hazardous materials, safety is key. Hazardous freight is sensitive to external influences and can be very dangerous, so preparing and shipping hazardous materials requires thorough planning, careful approach, and responsible execution. It is your responsibility as a shipper to properly pack and classify the goods. It can become challenging to […]. Blog hazardous materials hazardous materials shipping hazmat hazmat shipping

5 Reasons to Keep Your Telematics Service Provider

Cerasis

Telematics is all but inseparable from the modern supply chain. GPS technologies have been a staple of the industry for some time, but telematics services today can offer even more. With such a variety of services available, choosing the right fleet tracking software can be a challenge. While some of your needs will vary depending.read More. The post 5 Reasons to Keep Your Telematics Service Provider appeared first on Transportation Management Company | Cerasis.

7 Pitfalls of Stalled IBP Initiatives and How to Overcome Them

AIMMS

Integrated Business Planning (IBP), as defined by its creators at Oliver Wight , is “the business planning process that extends the principles of S&OP throughout the end-to-end supply chain, product, service and customer portfolios, customer demand and strategic planning, to deliver one seamless management process.” IBP provides substantial bottom-line benefits. It fosters employee engagement, customer satisfaction and alignment throughout the business.

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Solving Supply chain Problems with Digital Twins

The Network Effect

The post Solving Supply chain Problems with Digital Twins appeared first on The Network Effect. Artificial Intelligence (AI) Network Business Supply Chain Management digital supply chain digital twins resilience

The Five Worst Practices in Procurement

The GEP white paper lists 5 common mistakes that impede the success of procurement professionals. Learn from industry veteran Bill Huber about the wrong and right ways to approach a procurement mandate and why just saving money isn’t enough. Download this report now to learn how to avoid the worst procurement practices.

COVID-19 hindering sustainability initiatives, reveals research

ivalua

A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices. 16th July 2020, London – Research from Ivalua, a leading provider of spend management cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic.

Product Returns: How Next-Generation Capabilities Improve Reuse, Reclamation, and Resale

Cerasis

Achieving balance within the flow of forward and reverse logistics is a complex task for modern supply-chain professionals. Supply chain executives expect results. Supply chain professionals continue to see a steady flow of product returns. Unfortunately, companies cannot simply slam the door on product returns. This would alienate customers and inevitably lead to massive losses.read More.

Achieve Results Faster by Increasing Your Company’s Clockspeed?

Logility

The classic definition of clockspeed is the rate at which a processor can complete a processing cycle, typically measured in megahertz or gigahertz. More recently the term has been co-opted as a method for categorizing industries and companies. For companies, clockspeed can be used to guide dynamic business strategy.

Digital Yard Management Prove Essential During COVID-19 Disruptive Times

PINC

New Gartner Market Guide for Yard Management shows the role that YMS plays in helping companies automate processes and offset the impacts of the global pandemic and other supply chain disruptions. . It didn’t take long for global supply chains to take center stage during the worldwide pandemic, what with the many shipping delays, supply disruptions, and related issues that made the world’s headlines.

How Georgia-Pacific Turned Their Supply Chain into a Competitive Advantage

Georgia-Pacific, one of the world's leading manufacturers of tissue, pulp and paper and supplier to top brands like Brawny, Angel Soft and DIXIE, trusts ClearMetal for their supply chain requirements. Read the case study to hear how one company turned the reliability and transparency of its supply chain into distinct competitive advantages.

COVID-19’s Beneficial Effects on the Consumer Goods Supply Chain

Logistics Viewpoints

COVID-19 has put supply chain organizations under great strain. But there has been one nice side effect in the consumer goods supply chain. SKU proliferation has been reversed. The post COVID-19’s Beneficial Effects on the Consumer Goods Supply Chain appeared first on Logistics Viewpoints. Consumer Packaged Goods (CPG) SKU Proliferation

How to Deploy Reverse Logistics Automation in 5 Simple Steps

Cerasis

Managing reverse logistics presents new challenges in the post COVID-19 world. Instead of simply managing returns and isolating defects, supply chain executives must now consider how returned products could lead to higher safety risks. And the need for efficient returns continues to grow in tandem. The supply chain coronavirus (COVID-19) impact also undermines efficiency in.read More.

Achieve Results Faster by Increasing Your Company’s Clockspeed?

Logility

The classic definition of clockspeed is the rate at which a processor can complete a processing cycle, typically measured in megahertz or gigahertz. More recently the term has been co-opted as a method for categorizing industries and companies. For companies, clockspeed can be used to guide dynamic business strategy.

Frictionless Logistics: It’s the Collaboration, Stupid with Ketan Karkanis

The Logistics of Logistics

Frictionless Logistics: It’s the Collaboration, Stupid with Ketan Karkhanis. Ketan Karkhanis and Joe Lynch discuss logistics collaboration and the friction that limits productivity for shippers, 3PLs, brokers, and trucking companies. About Ketan Karkhanis. Ketan Karkhanis is the Chief Product Officer at Turvo, the first real-time collaborative logistics platform that uses artificial intelligence to perfect the science of movement.

Mission Critical: Leveraging Learning Engineering to Drive Digital Transformation

Speaker: Trish Uhl, Founder of Owl's Ledge LLC and the Talent & Learning Analytics Leadership Forum

Digital is disrupting every part of an organization's value chain at a record pace, creating a critical need to transform operations and employees' ways of working. Formal training alone can't keep up; it's often too slow, too generic, inconvenient, inefficient, unduly expensive and lacks or lags methods for measuring business-related effectiveness. Trish Uhl show you how to start leveraging Learning Engineering, a multidisciplinary approach that combines modern technology, data analytics, decision science, learning sciences and change management with human-centered engineering design methodologies to ultimately deliver targeted learning outcomes and business results that keep pace with the business and merge learning into the flow of work and lead Digital Adoption.

This Week in Logistics News (July 11 – 17)

Logistics Viewpoints

It is always interesting to me to see the creative ways that companies try to collect data about their customers. Over the last few years I have seen an increasing number of “challenges” being shared on Facebook that in reality are simply ways to gather more information about its users. These include picture challenges, such as the “10 Days of Being a Mom Challenge” or the “Here’s How I’ll Look When I’m Old” challenge, as […].

Podcast: VC Brian Aoaeh on the Future of Supply Chain Investment

Requis

Venture capital (VC) investor, columnist and educator Brian Aoaeh is part of the new generation of investors who are unlocking the opportunities in supply chain. Steeped in the investment world since 2008, Brian decided very early on to focus on supply chain and operations investment. He is one of a very small group of experts that other investors turn to for advice.

Has the Pandemic Accelerated the Fourth Industrial Revolution?

Enterra Insights

Prior to the novel coronavirus outbreak, many pundits believed we were in the midst of a fourth industrial revolution. Analysts from the Boston Consulting Group (BCG) explain the first three revolutions were driven by steam, electricity, and automation. They write, “Industrial production was transformed by steam power in the nineteenth century, electricity in the early twentieth century, and automation in the 1970s.”[1] 1] The fourth revolution, they insist, is being driven by data.

REPOST: Selecting an E-commerce Fulfillment Partner with AJ Khanijow

The Logistics of Logistics

Selecting an E-commerce Fulfillment Partner with AJ Khanijow. AJ Khanijow and Joe Lynch discuss selecting an e-commerce fulfillment partner. For e-commerce companies the difference between success and failure is fulfillment. As the founder of an fulfillment company that specializing in e-commerce, AJ knows what companies should look for in an e-commerce fulfillment partner. About AJ Khanijow.

Webinar on Demand: Resilient Supply Chain Network Design

Speaker: Bhomik Jain, Paul van Nierop & Aanand Pandey

Companies around the world are struggling to cope with COVID-19 disruption. Are supply chain networks resilient enough to weather the storm? Watch this webinar to learn about our research findings in the realm of network design and optimization, and uncover the capabilities you need to build resilience and agility.