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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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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. Since inbound freight savings have a direct impact on an organization’s bottom line, shippers that make it a supply chain priority reap inventory efficiencies, cost containment and enhanced productivity and service. Download Inbound Freight Cost Management ebook. Visibility TMS Inbound Freight

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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.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. Gaining end-to-end visibility across your transportation processes delivers: $32.00 Freight Cost Management eliminates post-audits and disputes.

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.

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. Ambient and/or temperature-controlled storage of supplier freight.

3 Things Your Transportation Management System May Lack

LeanCor

Before our recent webinar, “Transportation Management: Driving improvements in cost, quality, sales, and delivery,” we conducted a transportation bench-marking assessment to discover industry trends and areas of opportunity in transportation management. Participants were then grouped into specific performance levels depending on their total points for the categories of People, Process, and Technology. transportation cost).

4 Challenges in Global Transportation Management

3rdwave

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. Transportation Cost Management. However, where transportation management traditionally focused on the basics of moving “boxes” or “packages”, today it is much more strategic. Transportation information is foundational to managing any global supply chain.

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

Cerasis

Much talk about sales, automation and improved processes dominate the conversation when considering outsourcing logistics processes to a transport and logistics providers or using a 3PL-based transportation management system (TMS). Often, the transport and logistics providers' reps claim initial returns may be as high as 25 percent, if not greater. There are many benefits that accompany the use of transport and logistics providers and their TMS systems.

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. We were primarily in the expedite business, targeting manufacturers of all sizes who were running just-in-time inventory systems that made an intermediary component in someone else’s just-in-time system. 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.

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.

Five Benefits of Upgrading Your Transportation Management Software

GTG Technology Group

Delaying Upgrades Is Holding Back Your Transportation Company. Waste would be a thing of the past, inventory and financial management systems would work to perfection, and revenues would flow in. That future is within your grasp if you keep your transportation management software upgraded to take advantage of innovations. Learn how updated transportation management systems (TMS) make your company goals attainable.

Transportation in 2019 and Beyond: Key Factors Impacting Supply and Demand

Talking Logistics

As we begin 2019, what are the key lessons learned from last year, and what trends and factors should shippers keep an eye on to make sure they’re able to respond effectively to whatever happens in the transportation market in the weeks and months ahead? A “new normal” in transportation? A strong economy in late 2017 through to late 2018 drove demand to outstrip supply for transportation across truckload, LTL and intermodal, with shippers shopping across modes to cover loads.

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

Talking Logistics

It’ll come to me eventually, but in the meantime, here’s the news that caught my attention this week: Kewill Acquires the IBM® Sterling Transportation Management System (TMS). 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.

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].”. So, I would describe less sophisticated pool distribution as ‘Hey, send me your goods, I’ll group them with other shippers, and I’ll tell you when they show up.’

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

We continue our series on the “State of the Transportation Management Systems” today with our post on the 4 key processes enabled by the use by shippers of a transport management system or TMS. The popularity of the use of transport management system (TMS) has been growing steadily in the last few years. A transport management system helps coordinate all the data points in a transportation network.

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. How long can this boom in freight volumes last?”

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

Talking Logistics

If so, I invite you to attend two of the sessions that I am participating in, both related to transportation management: TMS 4 SMB: A Case Study with Carhartt. TMS solutions recently evolved to not only solve complex transportation problems for large shippers, but to also better meet the needs of the SMB market. Speakers: Brian Nichols, Vice President, Solutions, Knight Transportation; John Martin, Director of Sales Engineering, MercuryGate International, Inc.;

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. This invariably leads to extra freight costs and excess and obsolete inventory that either needs to be written off or sold at a heavy discount. achieving the same overall customer service level objective with far less inventory expense.

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What does the Future of Transport Management Systems Look Like? A Look To 2018 and Beyond

Cerasis

Whether you call it a transportation management system, TMS, or transport management system, we have you covered on the State of TMS in our first post , the 4 key process enablers in the second post , and in today’s post we will cover what the future holds for transport management systems. As a TMS provider, Cerasis also provides the services related to transport management: freight claims , freight accounting , carrier relations , and more.

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

Cerasis

Effective transportation management can be a hassle. 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. Let's take a look at what this rule does, why it’s going into a fact, how it will affect the existing fleets, and its implications for the future of transportation.

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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). Flexport Raises $65 Million in Venture Capital to Expand Operations (Transport Topics). Elementum Expands Supply Chain Management Suite with New Inventory App Powered by World’s Product Graph™.

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.

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. Subscribe to Supply Chain Game Changer. Thank a Trucker! LTL Trucking article and permission to publish here provided by Saeed Darwish.

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

Transportation management system/software (TMS) is a system of management for supply chains to aid in the movement of goods. 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. Each type has its pros and cons that could make it right or wrong for the specific needs of the individual or group. What Does TMS Stand For?

A Tipping Point?

Supply Chain Shaman

Heinz Company and Kraft Foods Group were merging. For the larger supply chain (the larger freight infrastructure of the North American market), I worry. While both Kraft and Heinz are under performing (Kraft has a low ROIC and Heinz is below the industry average in both operating margin and inventory turns) , there is M&A risk. Expect Major Shifts in the North American Transportation Market. ” As a result, the loading of freight lanes will change.

Experts Choice Of Top Online Logistics Resources

Freightos

Transport Intelligence, the well-respected U.K. So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. Transport Topics. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking. American Journal of Transportation. Ocean freight is split into 14! Air Transport World.

The 5 Benefits of Hybrid SaaS TMS

Cerasis

New, innovative technology platforms have greatly sped the expansion and evolution of transportation as well as logistic solutions. The transportation management system, or often referred to as TMS, is a great example of how this technology is being used to create a more interconnected space both digitally and physically. The transportation feature functionalities can be compared to what many recognize as on premise solutions. Technology TMS Transportation

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. The idea of a supply chain control tower emerged in 1990’s, triggered by the need to view and control the movement of goods in factories, distribution centers and pipeline inventories. Outcomes include increased responsiveness, shorter lead times, reduced transportation costs, and increased flexibility in supply chain operations.

This Week in Logistics News (October 8-12, 2018)

Talking Logistics

I have to go to the grocery store again today to replenish our inventory (yeah, I don’t shop for groceries online; as the son of a bodegero, I’m old fashioned that way.). Transplace Acquires Yusen Logistics’ Intermodal & Freight Brokerage Group.

Something for Everyone: TMS, the Everything Software

GTG Technology Group

TMS is a software that aids in the company’s cash flow, freight bills, customer satisfaction, and warehouse production. This system makes it easier for a company to keep track of their finances, inventory, deliveries, and freight companies through one easy program. Allowing for freight management and payment, customer service advancements, financial organization, inventory numbers, and warehouse production, this product serves every business to the fullest.

Looking Back on a Fulfilling Career in the Transportation Industry

CH Robinson Transportfolio

Robinson in September 1979, he has seen tremendous change in the transportation industry. There were five major groups of carriers. This group was comprised of what we now refer to as less than truckload (LTL) carriers. Contract carriers operated exactly as the name implies: They contracted with up to seven customers to transport specific commodities in specific lanes. These fleets were owned by companies to transport their products to the end user.

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.