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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.

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. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. What is inventory revaluation?

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Wanted: Supply Chain Architects!

Supply Chain Shaman

I knew nothing about the world of logistics, inventory management and order optimization. The focus in supply chain groups was not on how to design the operations so that they were more effective; instead it was about the use of best practices to maximize the value of what we had. From the research, we know that when organizations have source, make and deliver reporting to the same leader, that supply chain performance improves (intersection of operating margin and inventory turns).

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Even slight delays or inventory shortages can have a severe impact on a company’s bottom line. At the height of the pandemic-linked supply chain disruptions, Amazon set the bar extremely high for other 4PL providers, despite initially experiencing inventory shortages.

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. Here’s an excerpt from the post I wrote: “The reason real-time freight visibility is a hot topic now is that with today’s technology it’s no longer accepted as a black hole,” said Adelson.

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!

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. Reducing freight costs, improving supplier delivery performance, and minimizing supplier risk are three of the many benefits machine learning is providing in collaborative supply chain networks.

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. The term “Supply Chain” is more than just the name of the group that manages materials and logistics. Subscribe Here!

Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

Cerasis

A company in need of lean manufacturing practices tends to be easy to identify, typically displaying multiple of the following symptoms of operational deficiency: Inventory amasses in buffer stocks. Inventory records, product specs, shipping documents contain errors. There are excess inventories of some materials and shortages of needed. Holding areas are maintained for excess inventory. Employ a system that replenishes inventories by gauging actual rates of depletion.

Lean 263

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? And since so many aspects of supply chain management affect both customer experience and financial metrics, supply chain innovation efforts need to take these factors into consideration too. For related commentary, see: On-Time In-Full (OTIF) and the Growing Demand for Real-Time Freight Visibility.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). To make the Supply Chains to Admire list, a company had to score above average of their peer group for supply chain improvement as measured by the Index, and drive performance above average in the portfolio of metrics for operating margin, inventory turns and Return on Invested Capital (ROIC).

[WHITE PAPER] 4 Strategic Considerations when Considering Offshoring Parts of your Supply Chain

Cerasis

While they may save money on unskilled labor and by achieving economies of scale, they ultimately will pay more because of longer lead times, increased inventories, the need for more management resources for planning and logistics, and constraints on their ability to respond quickly to changing demand. In this new white paper from The Rodon Group, they’ll examine three strategic areas to include in your supplier selection process: Cost, Scheduling, and Compliance.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. This compilation is based on the most currently available company revenue data (between 2018 and 2020) without factoring in any other metric. A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. DACHSER Group SE & Co.

The 5 Benefits of Hybrid SaaS TMS

Cerasis

To be clear, at Cerasis, our TMS, the Cerasis Rater , is not a pure SaaS TMS offering, only due to the fact that we also offer services that happen outside of the TMS such as carrier relations & rate negotiations, freight accounting services, freight claims, and other services. Each user will benefit because they have access to a better grouping of applicable, accurate information.

How to Build Better Supply Chain Finance Goals With Analytics

Turvo

Nothing comes close to the level of turmoil it has caused, and for supply chain leaders, the severe disruption, and changes to freight rates—not to mention limited capacity—contribute to more uncertainty. History lessons may be great for business school students to ponder in case study groups.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more. Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more.

Best Practices & Tips to Maximize Warehouse Space

Veridian Solutions

The layout of the facility might be limited to the ground, and while pickers can use forklifts and other devices to access items on upper shelves, the most common inventory will always be kept on the ground level. That does not mean putting multiple items with different SKUs in the same bin, but similar items should be grouped in the same area. Furthermore, group items together based on the frequency of orders, such as cleansers and wash rags.

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Accessibility — The ability of a carrier to provide service for a freight order. Accessorial Charges — Fees added to a freight bill for additional services that the carrier might provide. Air Freight — Transportation of products via air transportation methods. Audit — In logistics, an audit refers to the process of examining, adjusting, and verifying freight bills for accuracy. Chargeable Weight — A shipment’s weight that is used to determining freight pricing.

What is the FMSCA’s Unified Registration System (URS) And What is the Impact on Transportation & Logistics Management?

Cerasis

Transportation managers must keep up with the ship dates of inventory, where inventory is currently located in the transportation process, what insurance information is being used and appropriated for each shipment, and many more factors. For small to medium-sized shippers, this is another metric that is going to be required to be obtained, but may simplify the overall process. Freight Logistics Transportation Transportation Management Unified Registration System

System 170

50 expert warehouse optimization tips and techniques

6 River Systems

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. ” – Emma Sturgis, 10 Great Warehouse Optimization Tips for Small Businesses , Fishbowl Inventory 4.

What’s the ROI Of Transport and Logistics Providers & A TMS?

Cerasis

According to Supply Chain Digest , a TMS can be leveraged to improve freight consolidation efforts, enable intermodal shipping, improve reverse logistics processes or work to reduce delays and inefficiencies in less-than-truckload (LTL) shipments. Increased freight consolidation opportunities. Meanwhile, a recent report, published by ARC Advisory Group , found similar trends.

Gartner Top 25 Supply Chain 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!

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. I can see the light that will maybe be a freight train someday.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required. Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company.

Top Digital Supply Chain Cities in the U.S.

Material Handling & Logistics

Given that the study was funded by an Atlanta-based group, the results are hardly authoritative (for instance, a number of major cities, such as Boston, Charlotte, Denver, Philadelphia, Phoenix and Washington, are not included in the study), but they do offer an interesting view on the supply chain capabilities of seven major regions. A look at the supply chain readiness of several major U.S. cities, and their adoption of smart-city technologies.

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

In order to compensate a long waiting time, Adidas uses air freight or courier service. On weekly basis, they organize a big group meeting of all work stream team to discuss the coordination issues. The answer is that they use the multi-echelon inventory model to solve the problem. The key ingredients of Dell''s supply chain are the partnership with suppliers, part modularity, vendor managed inventory program, demand management and mass customization.

50 expert tips on improving warehouse efficiency & productivity

6 River Systems

” — The 5 Best Ways to Increase Warehouse Efficiency , Freight Cowboy; Twitter: @freight_cowboy 4. To measure the warehouse productivity, the management must apply standard measurements that can be used for operations that occur in the warehouse, for example, perform physical inventory or place goods in the picking area. It helps them learn the products, customers and paperwork (or electronic inventory) system. Inventory is the lifeblood of a warehouse.

50 expert tips on logistics planning and strategy

6 River Systems

“A centralized group can also help to resolve another common concern: it’s hard for an expert to have credibility across the company when he or she is remote and attached to a particular business unit. NetSuite has launched a supply chain snapshot feature that’s a central part of any control tower that shows all of your inventory and related transactions with the ability to filter by subsidiary, location, etc.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

AI will be able to survey an area or room and create an accurate inventory in seconds, including weights and volumes, and determine damage on items. Mobile apps can generate reports and monitor performance metrics. “Tightening capacity requires a more ‘connected’ broker…” While freight growth is forecast to slow in 2019, truckload capacity will remain tight, largely driven by a tight labor market, new regulations and other factors. Lucas_Group.

The Ultimate Guide to Beer Profit Margins & More

Unleashed

Expanding discretionary income and population growth in the 18 to 25 year old group has offset the trend of falling per capita alcohol consumption. You can also use these metrics to benchmark against similar taprooms in your neighbourhood. Her inventory usage for June is $150.

50 expert tips on supply chain management

6 River Systems

Importantly, flexible supply chains cut costs and improve cash flow, in part through a 10% to 40% increase in inventory turns. Forming strategic partnerships with a select group of your best suppliers can allow you to capture a wide variety of benefits—including the potential for scale advantages and priority service.” Establishing protocols, metrics, organizational owners, and related processes can empower organizations to respond more effectively when faced with a crisis.”

A Quick Glance Into The Logistics Market - January 2016

EFT

Manufacturing & Trade Inventory: Total value of inventory on hand is estimated at $1.814 trillion in October, virtually unchanged from September and up 2.0% Cass Freight Index: The December shipments index decreased 4.9% AIR FREIGHT: . OCEAN FREIGHT: . .

Doing Business in Belgium

QAD

Since most Western European capitals are within 1,000 km of Brussels, Belgium’s capital, it is an ideal location for international groups. In fact, 23 percent of its GDP in 2017 went to investments in fixed capital and inventories. The seven registered air freight carriers in Belgium carried 1.4 billion metric tons of goods in 2015.

Fix Your Retail Supply Chain to Make the Last Mile Count

Logistics Bureau

Read More: Less Frustrating Way to Negotiate Freight Contracts. Similarly, it will pay to look for providers that specialise in the types of freight that your company wishes to ship. If you sell products that take up a lot of space and require the aid of mechanical handling equipment (like tail lifts), a carrier or 3PL specialising in heavy deliveries may be able to offer you more attractive pricing than one which handles a mix of freight. Group Managing Director.

Is Working Capital on Your Logistics Dashboard?

TMC

Transportation management system (TMS) technology helps companies to manage a host of performance metrics – including working capital. The link between freight transportation and this financial metric might not be obvious, but working capital is a key measure of a company’s efficiency and a number of the logistics metrics that are monitored by TMS solutions impact its performance. High-value metric. Inventory management is one example.