Lean Inventory: Using Lean Initiatives To Manage Inventory

Cerasis

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.

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Supply Chain Education: What Skills Do Your Staff Need?

Logistics Bureau

We’d like to know what you believe your managers and staff need from a supply chain education program. … Well… As you may know, we have an education division in our group called Supply Chain Leaders Academy, and every so often we like to make sure our program is still up-to-date and relevant. General Supply Chain Education. Transportation management (including specialised types of transportation). Inventory management.

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Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e.,

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

Editor’s Note: Cerasis is a 3PL focused on transportation management. So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Each blog post written is distributed into groups that reach the supply chain community as well as professionals in manufacturing, transportation, distribution, and more.

Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

Cerasis

Today begins our series about electronic data interchange or EDI in transportation. We take pride at Cerasis, as a third party logistics company who has developed a proprietary web-based transportation management system , to offer technology solutions to our shippers so they may remain as efficient as possible and have access to information at their fingertips. Let’s back up a bit before we specifically address EDI in transportation. EDI In Transportation.

How AI and the IoT Can Change Transportation Management

Cerasis

The percentage increase describes consumer applications, but the idea of connected vehicles should garner interest from other sectors such as shipping, logistics, and transportation. Leaders in these industries would be wise to plan for a future where AI and the IoT transform transportation management. It acts as the driver, helping the connected ‘thing,’ which could be a vehicle or inventory system, make smarter decisions.”.

What do Beer and Bullwhips Have to do With Supply Chain Education?

Logistics Bureau

Beer, Bullwhips, and Board games: Fancy Some Supply Chain Education? Impacts of the bullwhip effect include: Inventory excess or shortage. Increased transportation costs as customers order more frequently and in smaller quantities. Business Improvement Inventory - S&OP beer gameHave you ever played the Beer Game?

Looking For a Job? Here’s The Top 10 Transportation Jobs

Cerasis

Editor's Note: Today's blog comes from our friend Michael Stoddard who shares the top 10 transportation jobs in the industry. If you happen to find yourself searching for careers in logistics, transportation and supply chains, you'll be happy to know that there's no shortage of positions. Getting into transportation is a different topic entirely, one that demands a separate, more intricate look. Transportation Manager. Inventory Managers. Transportation

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

They rock back and forth in improving singular metrics but struggle to improve a portfolio of growth, margin, inventory performance, and asset utilization. When we look at public companies at the intersection of operating margin and inventory turns or growth and Return on Invested Capital.

Achieving the Integrated Global Supply Chain

Supply Chain Network

Cash Supply Chain Definitions Education Emerging Trends Freight & Transportation Information Technology Inventory New Ideas News & Info Professional Communications Security Supply Chain Management Supply Chain RiskGuest post from Ned Blinick of 3rdwave. The integrated global supply chain exists when activities between all supply chain partners are seamlessly coordinated to achieve the optimal results for all its participants.

Detailed Cost to Serve Lesson

Logistics Bureau

I’m going to give you a very good idea how to do the analysis and you will be able to apply this approach to any function in the supply chain – transport, inventory, purchasing, customer service. Would you like to find where money is draining out of your business? Cost to Serve analysis is a great way to spot these problem areas.

Discovering the Power of Distributed Logistics

Supply Chain Network

The definition I’m running with currently is below, but this rapidly emerging concept continues to evolve literally as we speak: ‘A fully integrated and optimized network of two ore more fulfillment centers operated in unison to increase sales and customer delivery service levels, which minimizes transportation costs and maximizes inventory optimization’ ~ Jeff Ashcroft. Saves costs of transportation by leveraging more local ground deliveries.

Transportation Outlook: What if There's Another Recession?

PLS Logistics

And, there are signs of an impending recession: consumer spending was severely hampered by education and healthcare costs despite cheap gas, overall inventory to sales ratios are high and continue to rise, and the Chinese economy is stumbling. But given the damage the 2008 recession did to the freight transportation industry, questions have to be asked – what happens if there’s another recession? How will this impact freight transport, and how can that impact be mitigated?

Countering the Bullwhip Effect in a COVID-19 World

PINC

A distribution channel phenomenon in which inaccurate forecasts quickly turn into supply chain inefficiencies, the “bullwhip effect” refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Suffering a glut in “green” cars at the time, Volvo’s sales and marketing developed a program to move its excess inventory.

Emerging Trends to Embrace for Retail Supply Chain Leaders

Supply Chain Network

The definition I’m running with currently is below, but this rapidly emerging concept continues to evolve literally as we speak: ‘A fully integrated and optimized network of two or more fulfillment centers operated in unison to increase sales and customer delivery service levels, which minimizes transportation costs and maximizes inventory optimization’ ~ Jeff Ashcroft.

How AI and the IoT Can Change Transportation Management!

Supply Chain Game Changer

The percentage increase describes consumer applications, but the idea of connected vehicles should garner interest from other sectors such as shipping, logistics, and transportation. Leaders in these industries would be wise to plan for a future where AI and the IoT transform transportation management. It acts as the driver, helping the connected ‘thing,’ which could be a vehicle or inventory system, make smarter decisions.”. Subscribe Here! Email Address.

Emerging Options for Omni-Commerce Logistics Strategy

Supply Chain Network

To do this you need to ensure that at ALL locations where stock is held or displayed for retail sale, that ACCURATE and TIMELY inventory information is available. Specifically the elimination of regional DCs means much higher amounts of outbound transportation in the logistics network which is where the carbon is generated. Thought is to leverage existing building assets, people and inventory to support the online business.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

Another option is to work in a warehouse, or in transport, or maybe in customer service where you are dealing with people all the time. If you have the ability, time, and money for tertiary education, that’s really good. Manage inventory levels.

Seven Signs Your Retail Business Needs an Omni-channel Makeover

Supply Chain Network

Sign 1: Dual Inventory. Probably the simplest of these indicators is whether your organization maintains seperate and often duplicate inventories of product, one to support store distribution and another to fulfill e-commerce orders. In addition to increasing overall inventory investment, keeping dual inventories can also lead to potential stock outs, delays and costs due to any needed transfers between these two inventories. Sign 5: Store Inventory.

Preparing Tomorrow’s Supply Chain Leaders: The Importance of Technology Skills and Experience

Talking Logistics

With the logistics industry growing at 22 percent annually, both shippers and transportation providers are searching for workers who have what it takes to succeed in their line of work, which increasingly is being driven by information technology. More than ever before, this means providing students with hands-on experience using enterprise software applications, such as transportation management systems (TMS). It has been very educational and a great opportunity.

Don Ralph of Staples Awarded Salzberg Medallion for SCM

Supply Chain Network

His key accomplishments include the development of new industry-leading infrastructures, spearheading impeccable inventory management, an intricate fulfillment and delivery network, perfect order execution and a highly efficient cost structure. PepsiCo, NIKE and CSX Transportation. Associations Education News & Info Supply Chain Management

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Mission: Maximize Learning on Multichannel Retailing & E-Commerce

Supply Chain Network

William Connell, Senior Vice President, Transportation, Macy’s. How do you optimize a common pool of inventory, store pick up, and scale to compete in the eComm world? Colby Chiles, Director, Transportation, The Home Depot; A roundtable discussion of emerging issues and trends with service providers and retailers. Planning and management of omni-channel inventory & service. Associations Conferences Education Emerging Trends Matrix Commerce New Ideas

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Join Thousands of Students in MIT’s Digital Supply Chain Classroom

Supply Chain @ MIT

On September 30, 2014, supply chain education will take a major step into the digital age with the start of SCx, an on-line educational program developed by the MIT Center for Transportation & Logistics (MIT CTL) for thousands of professionals across the globe. The main topic areas are: Demand Forecasting, Planning, and Management, Inventory Planning, Management, and Control, and. Transportation Planning, Management, and Execution.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Some people have University degrees and some people have high school education. SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. Subscribe Here! Email Address.

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Collaboration? When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk

Supply Chain Shaman

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. In times of growth, when companies are funding inventory builds, cash is needed. Inventory. Inventory management is about much, much more than safety stock management.

Supply Chain Career Changes – How to Get In, Get On, and Get What You Want

Logistics Bureau

The variety of functions involved – product design, procurement, warehousing, production, transport, distribution, sales, for instance – encourages demand for new employees and multiplies possibilities for moving around inside too. Note that even if entry-level positions are often specialised, this should not stop you from building up your personal inventory of transferable supply chain skills. Transportation (transportation manager, fleet manager).

Supply Chain Manager – A “Green” Superhero

Logility

The topic of sustainability and being eco-friendly is discussed in K-12 education on a regular basis. Higher forecast accuracy supporting a mature S&OP process allows a company to hold less inventory, run more efficient plants, and improve transportation efficiency.

Logistics Industry’s Slow Economic Comeback Continues in Spite of Challenges

Supply Chain Network

Authored by transportation consultant Rosalyn Wilson of Delcan, Inc., Inventory carrying costs increased 10.3 percent last year due to higher costs for taxes, obsolescence, depreciation, and insurance, which were offset by a further drop in the inventory carrying rate and warehousing costs. Transportation costs were up 10.3 Department of Transportation, Penske Logistics, Macy’s, Adelante SCM Corporation, BNSF Rail and Fortna, Inc.,

This Week in Logistics News (November 11-15, 2013)

Talking Logistics

What I found most interesting, however, was something the company developed three years ago: The foundation [of Gap’s technology-drive strategies] was set three years ago when the company built a search engine that can locate every piece of inventory, which is instrumental in matching the demand with the assortment. transportation trucking USPS Lots of interesting news to discuss today, so let’s go straight to it. Descartes Unveils Same-Day Delivery Optimization Technology.

Integrated Planning: Is It Rubbish? Be Careful What You Ask For….

Supply Chain Shaman

I find most companies are good at pockets of planning–demand planning, supply planning, transportation planning, material planning or plant scheduling, but the flows are not connected. Each are good at localized planning within a focused area of demand, supply, network design, transportation planning, material sourcing or finite scheduling. Few implementations of planning connect to procurement and transportation. This requires continue education.

A Year Without Oktoberfest, Yet New Opportunities Exist in the Beer Industry

DELMIA Quintiq

To push their products further, companies are leaning into flavor promotion to educate consumers on the subtle nuances that make their products stand apart from the competition.

3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena

The Logistics of Logistics

Transportation 2.) Robert Cadena is the Co-Founder and CEO of Lean Staffing Solutions, which provides operational, marketing, sales, and technology services to the logistics and transportation industry. based transportation and logistics providers. Transportation 2.)

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Supply Chain Basics with Jason Miller

The Logistics of Logistics

The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service. Transportation. Inventory management. Supply Chain Basics with Jason Miller.

Why Segmentation and Profitability Go Hand in Hand

BlueYonder

The conference format and size were just right to allow comfortable sharing of ideas and lessons learned about various topics from S&OP and supply chain planning, to inventory optimization and transportation. Education and training is critical to ensure that execution is aligned across sales, marketing, supply chain, operations, etc. The Aberdeen Supply Chain Summit in Chicago earlier this month was a productive event for supply chain executives and practitioners.

This Week in Logistics News (June 24-28, 2013)

Talking Logistics

Trucks Transported 60.6% It provides the key warehouse management features needed to quickly deliver ROI, including the tracking and visibility of inbound orders, directed put-away, variety of picking methods, shipping, directed replenishment and inventory control. . But it’s an educated guess nonetheless.