This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Through these collaborative exercises, learners develop essential soft skills such as communication, negotiation, and conflict resolution.
It would be tempting to think of reverse logistics as forward logistics done backwards. Reverse logistic isn’t simply a reverse gear. Reverse logistics can also have a dramatic effect on steering a company’s fortunes. Reverse logistics is therefore worth doing, and worth doing properly.
In an ideal world, all businesses would run everything in-house, exercising complete control over every aspect of their organization. But as any seasoned entrepreneur or logistics manager will attest, it’s far easier said than done. But if you’re not a logistical daredevil, you can always draft in the experts.
When we talk about building a resilient supply chain, we’re not just discussing having backup suppliers or extra inventory. Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. Typically it involves carrying extra inventory and hiring more workers than absolutely necessary.
Supply Chain Matters highlights indications providing added evidence that manufacturers and retailers are front loading inventory management actions in attempts to initially hedge against added U.S. We cited indications of the post Lunar New Year ramp-up of global production levels to replenish inventories, more so than in prior years.
Late Stage Consumer Buying There is other data that reflects that consumers exercised careful planning along with last-minute shopping actions. East and Gulf Coast port labor stoppage, retailers and wholesalers front-ended their inventory purchases to arrive earlier.
This mapping exercise often reveals redundancies, gaps in accountability, and missed opportunities for automation in e-procurement. Examples include IT, logistics, and critical raw materials. Identify where handoffs occur, where bottlenecks form, and which processes are still handled manually or in disconnected tools.
This mapping exercise often reveals redundancies, gaps in accountability, and missed opportunities for automation in e-procurement. Examples include IT, logistics, and critical raw materials. Identify where handoffs occur, where bottlenecks form, and which processes are still handled manually or in disconnected tools.
A 3PL (Third-Party Logistics provider) is a company that takes care of your logistics operations – everything from warehousing your products to getting them where they need to go. You know how challenging it can be to manage inventory, coordinate shipments, and handle distribution all on your own?
The problem lies in effectively balancing inventory across the supply chain. When demand surges, inventory needs to rise, and vice-versa. However, as we’ve seen in recent years, predicting these shifts and adjusting inventory accordingly is far from simple.
If your supply chain network design has not been under the microscope, and you care about business success, it’s probably time to consider the benefits of a design review and optimisation exercise. Select one strategic logistics partner and build a long-term, close relationship.
Finance became more powerful with the evolution of the global supply chain, but they tend to lack the knowledge needed to exercise this power. But we have seen other issues amplifying variability with a negative impact, especially in logistics. In many organizations we are still in thrall to the almighty finance department.
Understanding MMOG/LE and Its Evolution The Global Materials Management Operations Guideline Logistics Evaluation ( MMOG/LE ) has evolved significantly over the years. Participants learn how to navigate the assessment and engage in practical exercises to understand how to evaluate key criteria effectively.
In today’s competitive market, every drop of efficiency in extraction and logistics fuels innovation across supply chains, ensuring that products reach consumers faster and at lower costs. Oil and gas production is more than just an energy source—it is the backbone of modern industrial progress and global trade.
Depending on the nature of your business, your trading partners or your location, this could include procurement strategies, demand planning, logistics, and global trade management among others. A seemingly cheaper supplier may be more expensive when you factor in all logistical and regulatory costs.
Pharma, Medtech and healthcare manufacturers around the world bolted into action to exercise their collective strengths to combat a dire threat to global health and the life sciences supply chain. Today, life sciences companies face an entirely new competitive landscape.
This approach works best for industries with multiple branches or locations, such as retail chains, logistics companies, and corporate office networks. In logistics or retail , strategies focus on standardization and cost control across locations, especially in categories like packaging, uniforms, or cleaning services.
Over the last 10-15 years, outsourcing of logistics activities to third-party logistics service providers has become increasingly popular. Research indicates that up to 75% of firms report positive impacts from outsourcing to logistics service providers (Langley J, Capgemini 2007). But what of the balance?
We have another one that is commercially available as well called Stretch, which is a logistics and warehouse robot used for moving boxes, say, up to 50 pounds. They do a blanket agreement with Amazon, and they buy stuff and they put it away, and they start prepping to sell it, but it’s still not even in their inventory.
And retailers are using AI to dynamically adjust pricing and inventory strategies in response to tariff-driven cost changes. Supply chain leaders who are exercising a modicum of control over tariff volatility have created the right conditions for AI success.
Today’s transportation and logistics HR leaders are facing a rapidly evolving regulatory landscape that’s re-tuning employer obligations, employee rights and the boundaries of workplace management. For companies already balancing economic volatility, operational risk and workforce demands, staying current on these changes is no small task.
From our lens, we believe that this December data is further evidence that industry supply chain teams are indeed front-loading or hedging inventory just-in-case purchases in expectation of announcements of higher tariff rates by the incoming Trump 2.0 administration.
Smart slotting drives better inventory placement for better performance One of the most impactful uses of machine learning in a warehouse is intelligent slotting. Importantly, these recommendations arent a one-and-done exercise. The post Intelligent Systems in the Modern Dynamic Warehouse appeared first on Logistics Viewpoints.
Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. And more companies are treating Supply Chain Design as a continuous business process instead of a standalone project or a once-a-year exercise (see Supply Chain Design: Growing Scope, Community, and Collaboration ).
Challenges drive dramatic shifts in supply chain and logistics. Across many of our industries, conventional wisdom about best practices for supply chain operations and logistical networks is being challenged. There are lively debates about the meaning and prioritization of scale, globalization, outsourcing, and inventory optimization.
For months, retailers have been stockpiling massive amounts of goods to meet surging consumer demand, and compensate for ongoing supply and logistics issues. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management? Complete visibility into inventory.
We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. The Reiterated Importance of Understanding and Managing KPIs in Business and Logistics Management.
Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan. What is Reverse Marketing?
And now on to this week’s logistics news. The information the companies gather could, for example, allow managers to receive information about unexpected frost harming cherry production or information about harvesting delays, which could result in inventory changes. This certainly sounds like a lofty goal. billion in 2015.
As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration. this experience has changed how we dress and exercise. Although we may not go back to those days (hopefully!),
In this scenario, by adopting an adaptive supply chain, the retailer uses real-time data analytics to identify emerging trends and collaborate closely with suppliers to quickly adjust production and inventory levels to meet customer demand. This collaboration enables faster response times and cost savings.
Understanding and assessing the tradeoffs between the costs of labor, inventory, transportation, and carbon footprint while going through these pivots will be crucial. As demand for last mile logistics intensifies, warehouses become the prime candidates for automation. Supply Chain Design is essential in tackling these.
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.
Situation Companies are increasingly confronted with complex planning scenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.
In the world of supply chain and logistics, the built environment comes in many forms, from warehouses and logistics parks to the buildings associated with ports and terminals. Other basic foundational tasks for setting up a good cybersecurity program include doing a good asset inventory.
One of my predictions for 2015 was that more companies will start treating Supply Chain Design as a continuous business process instead of a standalone project or a once-a-year exercise. For Ryder’s story, check out my conversation with Gary Allen, Vice President of Supply Chain Excellence at Ryder in a recent Talking Logistics episode.
There is now a robust and growing market for real time transportation visibility solutions, which help shippers, carriers and the entire ecosystem run more cost-effective and efficient logistics operations. Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility.
Editor's Note: This guest contribution the Cerasis blog comes from our friends over at Fronetics an inbound and content marketing company who specializes in marketing for companies with a keen value adding business model for those in the supply chain and logistics industries. technique we referenced in our logistics KPIs series. .
The rapid shifts to eCommerce during the pandemic caused retailers and brand owners alike to flex their network nodes (where goods are made and inventories are stocked) significantly. However, with the new generation technologies, it now is practical to keep the data feeds fresh to make the modeling exercises a continuous, ongoing discipline.
A long day of raking awaits me, but before I head out, here’s the supply chain and logistics news that caught my attention this week: LLamasoft Acquires Barloworld Supply Chain Software Division. Ryder Brings Automation to Oil & Gas Logistics with Software, Mobile App. XPO Logistics Announces Third Quarter 2015 Results.
The supply chain planning cannot be effective if implemented by a supply chain function that is focused only on customer service, logistics and distribution. It is tough for me to see that nine out of ten companies are stuck, and not making progress, at the intersection of operating margin and inventory turns. We hope to see you there!
Planning together allows companies to reduce excess inventory that builds up when they plan sequentially. Asking these what-if questions entails assessing the impact on multiple areas, such as packaging, production, inventory, distribution, and of course customers. “Had
Okay, so Netflix isn’t really developing a show about logistics called D is for Drones , but it does have drones on the brain, as this video the company produced last year for an internal staff meeting shows: Maybe my post will serve as an inspiration for Netflix to take my original series idea and run with it.
Mr. Beery began by visiting Procter & Gamble, UPS Logistics, the devices division at Microsoft, and other companies with advanced supply chains. The second goal was to work with a fourth party logistics (4PL) partner that had invested in cutting-edge transportation management and visibility solutions.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content