Is S&OP an expensive band aid?

Kinaxis

If a major disruption happens at execution level, to pass that information back to S&OP level takes quite a lot of time resulting in disconnects between strategies, tactics, and execution. However, latency of information and inability to collaborate across the functional bubbles reduce the “S&OP lead” to an “S&OP coordinator”, an administrative function focused on gathering data and getting reports ready, as opposed to helping run the business.

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The 15 Best Ways to Reduce Inventory and Cut Costs

Unleashed

One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. In this article we outline the 15 best methods you can use to reduce inventory: Why do businesses reduce inventory?

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How carriers can regain lost revenue from accessorial expenses

The Supply Chain Journal

Accessorial expenses, which often are not collected from shippers, can represent an enormous revenue leak to carriers. Given the potential amount of revenue forgone, why do carriers struggle to bill for accessorial expenses? By Larry Kerr, president of EBE Technologies.

Eliminate Supply Chain Risks & Drive Customer Retention With Intelligent Buffer Management

ThroughPut

However, most of the variability generated by these factors can be eliminated by addressing supply, management, and demand at regular intervals, through focused solutions. To ensure reduced variability, it is important to optimize supply chain management for enhanced visibility.

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.

Transportation Strategies for Continued Success

Logistics Viewpoints

A TMS offers optimization capabilities across multiple modes to improve service levels and reduce freight spend. Below are some transportation strategies for success for suppliers of TMS, TES, and MTS. Transportation strategies come in all shapes and sizes.

The Secret to Rapid Digitisation: A Dual Platform Strategy

The Logistics & Supply Chain Management Society

This unlocks enormous value as you eliminate time lags, lower costs, and slash inventory buffers across the network. This strategy enables companies to achieve four critical objectives: Unlock value trapped in the supply network that is due to poor data quality and communication.

Private fleets are an expensive response to ongoing volatility

The Supply Chain Journal

Also in July 2020, the Food and Drug Administration announced the New Era of Smarter Food Safety Blueprint , adding goals for food suppliers and manufacturers to improve their tech-enabled traceability, response times to outbreaks and reduction in food contamination.

Actionable Insights: Operating Expenses

QAD

Next, we will provide an overview of the Operating Expenses Action Center as well as the associated key performance indicators (KPIs). Managing product costs is one of the most critical parts of operations management, and operating expenses make up a big part of those product costs.

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7 Strategies to Optimize Your Distribution Center!

Supply Chain Game Changer

This article provides seven effective strategies to optimize your distribution center. A well-designed warehouse layout creates more efficient access to stored items and reduces shipping. You can develop better product quality, reduce turnover, and improve client satisfaction.

Top 5 Barriers to Supply Chain Network Design Adoption and How to Overcome Them

Speaker: Brian Dooley, Director SC Navigator, AIMMS, and Paul van Nierop, Supply Chain Planning Specialist, AIMMS

Want to build your internal capability, reduce costs and make better decisions? It's easier than you think. This on-demand webinar shares research findings from Supply Chain Insights, including the top 5 obstacles that bog you down when trying to improve your network design efforts.

7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. This operation was proving too costly and too slow, so the company launched an initiative to achieve a 10% supply chain cost reduction within four years.

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. The result is a lower inventory level, but much higher expedited costs and reduced customer service. Why do companies focus on reducing a specific metric? Things can get even crazier when individual departments have conflicting goals: One group is rewarded for improved fulfillment rates while another group is rewarded for inventory reduction. Find ways to reduce lead time.

4 Tips To Cut Costs In A Warehouse

GlobalTranz

But, with a well-planned strategy, you too can reduce expenses in your workplace. Still, some losses are a predictable expense and you can’t entirely eliminate them. Reduce Labor Costs Most of your operating budget will go towards labor. Either you reduce pay or find a way to increase work efficiency. Take advantage of this as it is the ultimate way to reduce the cost of labor. Get better insulation on your walls to reduce heat loss.

Waiting for Good Forecasting is a Bad Strategy!

Supply Chain Game Changer

By that I mean you should design and implement a Supply Chain strategy that does not care what the lead time is for any aspect of the chain. Resilient Supply Chain Design is a Smart Strategy. Reduce, if not eliminate, single or sole sourced materials and services.

Reshoring – The Future of Supply Chains

Speaker: Rosemary Coates - Board Member & Founder at Reshoring Institute, Best-selling Author, Host of the Frictionless Supply Chain podcast

In this webinar, Reshoring Institute founder Rosemary Coates will teach you about the top supply chain trends going into 2023 and how your business can take steps to prevent disruptions.

7 Ways to Reduce Manufacturing Costs Without Sacrificing Quality

OptiProERP

Most manufacturers look to streamline systems, reduce production costs, and increase profitability without sacrificing product quality. Often, the quickest and easiest way to cut costs is by accepting minimum quality levels or reducing employees.

What Is Retail Distribution? Strategy & Best Practices

ShipBob

As a result, you need an optimized retail distribution strategy for better efficiency and cost savings. In this post we’ll give you a closer look at what retail distribution is, how it works, and how you can choose or optimize your retail distribution strategy.

4 Important Benefits of a Sustainable Reverse Logistics Strategy

GlobalTranz

However, one of the most important aspects of supply chain strategies is often overlooked: the reverse supply chain (also referred to as reverse logistics ). A reverse logistics strategy provides a path for removing the existing equipment to make way for the next era of equipment in the case of end of life products or new upgrdes. In a sense, reverse logistics could be considered the “greenest” part of any business logistics strategy. Reduced Risks to the Business.

A Digital Transformation Strategy for SMEs

OptiProERP

Forty-two percent of SMBs consider digital transformation a central part of their organizational strategy. Developing an Effective Digital Transformation Strategy. A digital transformation strategy is a detailed plan to improve business operations.

Discover 4 Use Cases for Applying AI to Your Recruiting Processes

is broken and expensive. choose to extend a job offer to Tim as soon as he completes the in-person interview, eliminating downtime he would otherwise spend waiting to hear back from the. status updates and guidance from his friendly AI recruiting assistant, eliminating the.

Fast is expensive but cheap is slow, until now

Supply Chain Network

It increases the speed of delivery, while reducing the combined cost of fulfillment and delivery. Your newly enhanced fulfillment supply chain will, reduce total cost, maximize inventory utilization, enhance customer loyalty, and deliver profitable growth. Learn more at Fast is expensive but cheap is slow, until now. Whether it is a Ferrari vs. a Fiat or a Jet Engine vs. a Propeller, generally speaking, to move something quickly has a higher cost than to move it slowly.

The Circular Supply Chain Explained + 13 Realistic Strategies

Unleashed

We take a look and offer strategies and case studies, along with tips from supply chain professionals. Where this is not possible, other changes can be made to the product or process to reduce waste and the carbon footprint.

Innovation and the Inflation Reduction Act

Enterra Insights

Passage of the Inflation Reduction Act may spark another half-century of innovation in the field of climate change. CEOs should formulate strategies that create and capture long-term competitive advantage from the transition to net zero and sustainability.”

U.S. CHIPS Act Garners a Strategy Outline

Supply Chain Matters

Supply Chain Matters highlights this week’s release of a strategy outline for the recently passed U.S. supply chain strategy by means of federal legislation. Department of Commerce , published a strategy document titled: CHIPS for America, A Strategy for the Chips for America Fund.

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

GlobalTranz

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. Understand Data Integrity to Reduce Inventory Costs.

Cost Reduction in Supply Chains by Opportunity and by Design

Logistics Bureau

When customers step up pressure on prices and when economic growth flattens or dips, a supply manager’s mind turns to cost reduction. Or rather, it turns even more to cost reduction, as squeezing out savings that then show up directly on the bottom line is a goal that never goes away. Some of the dollars to be recovered may come from immediate actions, such as reducing inventory. Elimination of redundant activities. Less or no inventory, also reducing costs.

Seco Tools: Cutting Edge Supply Chain Strategy Takes Shape

Logility

Seco Tools manufactures cutting tools made of steel, tungsten carbide and cobalt. This became an expensive proposition for the industry, which gave way to placing the responsibility (and cost) back on the manufacturer to hold inventory and deliver it when needed. Seco Tools is also aiming to reduce inventory up to 20% thanks to the greater forecast accuracy. In a competitive industry manufacturing precisely machined tools, a reduction like this can add up quickly.

Small Retail E-Commerce Strategy and Best Practices to Know

Intelligent Audit

As a result, the small retail e-commerce strategy needs to evolve. An effective small retail e-commerce strategy must begin with flexible and diverse payment and shipping options. Zone skipping can become an important facet of an effective small retail e-commerce strategy.

3 Ways Supply Chain Companies’ Cost Reduction Plans Go Bad

Logistics Bureau

On occasion though, some supply chain companies’ cost reduction efforts get taken too far, especially when ambitious initiatives are embarked upon, intended to significantly reduce operational costs. The following paragraphs describe three such supply chain companies’ cost reduction nightmares, with the aim of helping you to avoid falling into the same traps when the pressure is on to drive costs down. Strategy is really the operative word here.

Zero Sum: How Walmart Transportation is Working to Reduce Emissions Now and in the Future

Logistics Viewpoints

At Logistics Viewpoints, we have written about how companies are looking to reduce carbon emissions, especially when it comes to transportation. Today I’m excited to share more about our zero-emissions transportation strategy and announce a series of collaborations and pilots.

How to Use Data to Fuel Your Retail Reverse Logistics Strategy

GlobalTranz

How often do you think about your retail reverse logistics strategy? Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins.

Inventory Replenishment Strategies that Increase Profits

EazyStock

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. What is Inventory Replenishment?

As Retailers Eye Last-Mile Strategies, They Launch BOPIS to Neutralize Costs

Veridian Solutions

Many retailers have implemented buy online, pick up in store (BOPIS) strategies without realizing it. In addition, it solves critical challenges in last-mile strategies, reduces costs associated with inventory management , and more. Shippers in need of cost reductions and better last-mile service should consider implementing a BOPIS strategy. Challenges of Today’s Last-Mile Strategies. Shippers reduce necessary warehouse space.

Procurement Strategy. How to Get it Right? [Guide + Template]

Precoro

A procurement team, if perceived as a partner rather than an executor by internal stakeholders when defining and executing the company's business strategy, proves to deliver. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

3 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I’d be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. This operation was proving too costly and too slow, so the company embarked on an initiative to achieve a 10% supply chain cost reduction over a four-year period.

Your Supply Chain: More than an Expense, a Competitive Advantage

CH Robinson Transportfolio

Your Supply Chain: More than an Expense, a Competitive Advantage. Often, supply chains are viewed as an unavoidable expense in business—a drain rather than an advantage. Smart businesses are moving beyond simple procurement to strategy and beyond price to relationships. Sometimes, these tight budgets have the opposite effect and cause companies to reject change for fear of the expense involved.

6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

Supply chain executives were under pressure to develop more efficient, customer-centric supply chains while finding innovative ways to reduce costs and enable growth. They prioritized projects that reduced inventory and logistics expenses. Effective strategies coupled with a well-defined plan and the right tools helped supply chain professionals alleviate fulfillment pressures and readied managers for market changes in the future. By Maha Muzumdar.

5 Ways to Reduce Fleet Management Costs!

Supply Chain Game Changer

5 Insights for Managing Your Fleet Strategy! If an organization finds a way to reduce operational costs, it can lead to savings that apply directly to the bottom line. Here are 5 ways that a company can reduce operational expenses for fleet management. Subscribe Here!

50 expert tips on logistics planning and strategy

6 River Systems

Seeing this, we decided that it would be helpful to compile a curated list of 50 of the best tips on logistics planning and strategy that we could find. Logistics strategies for streamlined fulfillment. “With better communication tools present, businesses can also build their collaborative rapport across the supply chain to eliminate confusion. That’s an extremely efficient way of reducing total logistics costs while providing optimal customer service.