Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Smart inventory planning cranks up manufacturing efficiency.

[e-Book] The Essential Guide to Inbound Freight Management

Cerasis

How Big Is the Problem Of Inbound Freight Management? Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs. Depending on the industry and size of the company, a business can spend more than 40% of its annual freight budget on inbound shipping, according to the Aberdeen Group, a research firm in Boston. Download the Inbound Freight Management E-Book: Fill out the Form Below.

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

Cerasis

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. ” Vendor Managed Inventory Model: A Quick Back Story.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

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.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions.

What’s new in the automotive supply chain? (Hint: Inventory Replenishment Policies)

The Network Effect

Today I want to explore how automobile suppliers are improving their operations via inventory replenishment policies. Effective inventory replenishment policies in use today include the 830/862 converted to a delivery release, KanBan, Min/Max, and Sequencing.

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment

RELEX Solutions

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment. Musti Group at a Glance. Company name Musti Group Nordic Oy. – Matti Salmi, Purchasing Director, Musti Group Nordic. Store Service Manager, Musti Group Nordic.

A Holistic Approach to Freight Savings with Mike Eberl

The Logistics of Logistics

I was hired as an accountant for an on-demand air charter operator that moved executives and high priority freight. 04:25] There’s an approach to freight savings that you use at Customodal, and I was hoping you could describe that to the audience. [00:21] Opening / Introduction. [00:42]

Ten Steps to Managing Inbound Freight: A Coordinated Dance between Shippers and Suppliers

Material Handling and Logistics

Both inbound and outbound freight require carefully choreographed steps for a successful dance. A more efficient inbound freight program streamlines processes to achieve greater savings. However, many businesses overlook inbound freight management since making it successful is not easy.

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

When demand changes faster than a company’s ability to respond, you can end up with the wrong SKU mix and locations, frequent internal inventory transfers and expedites with high freight costs. Excess and obsolete inventory.

This Week in Logistics News (September 29 – October 3, 2014)

Talking Logistics

The MetaPack Group Acquires U.S. Con-way Announces Enhancements to Driver Pay Package at Con-way Freight. North American Freight Numbers July 2014. We had friends over for dinner last Friday, and the kids ran off to play hide-and-seek after eating.

How to Use a TMS to Manage Inbound Transportation (And Gain Visibility)

PLS Logistics

Inbound freight management is multifaceted and can eat up more than 40% of the average organization’s annual freight budget, according to Aberdeen Group. Download Inbound Freight Cost Management ebook. Visibility TMS Inbound Freight

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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.

Pool Distribution: The Speed of Parcel at the Cost of LTL/Truckload

Talking Logistics

At the same time, stores need to be more responsive, so even though they are carrying less inventory, they still need to make sure they have the hot products in stock and they need to be more responsive to [consumer demand].”.

How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

Too many companies get locked into traditional processes and a familiar vicious cycle: unable to reliably forecast an increasing number of SKU combinations, they load up on inventory to accommodate long-tail, erratic demand. Blog Inventory Optimization Supply Chain Planning Featured

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This Week in Logistics News (March 4-8, 2019)

Talking Logistics

Providers of real-time freight visibility solutions. Back in July 2017, I interviewed Bennett Adelson, the former CEO of MacroPoint (which was later acquired by Descartes Systems Group, a Talking Logistics sponsor) about OTIF and how it is driving demand for visibility solutions.

6 Tips for Improving Warehouse and Distribution Center Efficiency

Supply Chain Game Changer

You can group packages by their contents, destination or point of origin. Go over your inventory and rate your products based on how often your employees need to retrieve them. Use Inventory Management Software. Subscribe Here! Email Address. Struggling with Process Ownership?

How Logistics Is Proving that Amazon Needs to Be Regulated

Freightos

In itself, that’s a big deal, but its significance is compounded when you consider the trucking shipment volumes such a move will require; it’s essentially jet fuel for their new freight brokerage business. Regulating Amazon…Because Freight. Freight Insights General

Dock Appointment Scheduling: Beyond Traffic Control

Talking Logistics

DAS provides critical data to allow forward deployment of product and cross-docking to accelerate the flow of goods reducing out of stocks and inventory at the same time. This retailer had also deployed a purchase order (PO) to dock door visibility solution to reduce inventory and gain a greater understanding of the flow of goods through the network. In this case, a large percentage of the inbound goods are delivered through supplier-managed freight.

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TMS: The Mighty Software What Is TMS and How Does It Work?

GTG Technology Group

The TMS system works throughout multiple companies at one time to ensure each person involved has the information required to do their job correctly and move freight for any company where it needs to go. TMS focuses on the most reliable, efficient, and cost-effective ways to deliver freight.

When to Call for LTL Trucking!

Supply Chain Game Changer

Your items are usually grouped together on pallets or in containers. Using this method requires you to be very accurate with inventory records. Freight and Logistics Guest Blog Post Transportation Freight Management logistics managementSubscribe Here! Email Address.

This Week in Logistics News (September 26-30, 2016)

Talking Logistics

Another Friday where I have limited time, so let’s go straight to this week’s supply chain and logistics news that caught my attention: Uber to move freight, target trucking for the long haul (Reuters).

What If Your Supply Chain Had A Control Tower?

Freightos

The following article was contributed by Batool Iqbal, from Damco Pakistan – a subsidiary of Ap-Moller Maersk Group. Recently, SRS (an umbrella group for twenty European retailer groups, selected GT Nexus to deploy a global transportation control tower.

Experts Choice Of Top Online Logistics Resources

Freightos

So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking.

Five Benefits of Upgrading Your Transportation Management Software

GTG Technology Group

Waste would be a thing of the past, inventory and financial management systems would work to perfection, and revenues would flow in. System data also reduced carrier overcharges with sophisticated checking that audited freight payments and claims.

What You Need to Know About Demand Forecasting

Unleashed

Therefore, demand planning should work as an active part of your company’s resource planning system in order to forecast purchase and inventory requirements, and predict customer buying habits so that inventory stock levels are optimised while meeting customer demands. Constraints or business rules – does your business always purchase at certain levels to take advantage of a discount or reduce freight expenses?

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

To adapt, I recommend that companies form two groups: Operational/Business Continuity Group. This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain.

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

The recent study by IMARC Group, entitled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global logistics market reached a value of US$ 1,171 Billion in 2017 and is estimated to register a CAGR of 2.7%

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How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time.

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

New Transport Mode to Redefine Freight Movement. Keeping track of warehouse inventories with an army of fully autonomous drones (TechCrunch). July 2016 Freight Transportation Services Index (TSI).

The Ultimate Guide to Pick and Pack Methods!

Supply Chain Game Changer

Good inventory management and the right pick and pack software will help you ship orders with maximum speed and accuracy. Your inventory storage strategy and your pick and pack methods are key here. You might organize your inventory the way you organize your closet.

Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Inventory Turns 3. (10%). By definition the Peer group that is providing their Opinion scores is restricted to large companies voting on other large companies. The Gartner opinion group is also restricted to 42 voters. Further an Inventory turn of 1.0 Subscribe Here!

Justifying Investments in Risk Avoidance

Supply Chain @ MIT

I gave the example of Sun Microsystems, which suffered a spate of freight thefts in Europe. The strategy incurs higher costs in terms of capital expenditures, labor, and inventory, but the payoff is superior service. Relief and resilience.

Insight on how 3PL handles eCommerce Returns for B2B and B2C Retail Brands

Vinculum

It refers to any service contract that includes inventory storage and management,picking and packing, freight forwarding,shipping, distribution, customs brokerage, contract management, IT solutions, cross-docking etc.