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

Cerasis

Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. There are multiple good models for lean manufacturing operations. ISO publishes guidelines for conformance to its standards. Who Needs Lean Manufacturing? Inventory records, product specs, shipping documents contain errors. There are excess inventories of some materials and shortages of needed.

Lean 263

10 Commandments of Inventory Management

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Then, this article will show you 10 simple principles that you can use to streamline your inventory management practices right away. 3) Forecast at the right level Standard inventory management textbooks suggested that forecast be done at a product family level.

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Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. As with any industry, food and beverage faces its own unique set of supply chain challenges, including: Expiring ingredients, manufactured product and packaged goods.

10 Inventory Management Hacks You Can Do in 10 Days

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Then, this article will show you 10 simple principles that you can use to streamline your inventory management practices right away. 3) Forecast at the right level Standard inventory management textbooks suggested that forecast be done at a product family level.

Transportation Cost Drains

The Logistics of Logistics

Do they follow DOE guidelines? Transportation Cost Drain #2 - Freight Rates. Freight rates are a direct line item cost and many companies have experienced rate increase in addition to surcharges. Freight terms are negotiable. What freight terms have been agreed too? Is your supplier taking advantage of your freight volume for better rates? Is you supplier making a profit on your freight by adding a fee?

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Unreimbursed Freight. A high level of unreimbursed freight shows that the team is taking extraordinary measures to satisfy customers. It’s easy to meet delivery expectations if you carry excess inventory, but it’s an expensive and impractical solution. Unreimbursed Freight.

Real Results Magazine: Must-Have Tips to Boost Your Supply Chain

Supply Chain Nation

They include: Global electronics manufacturer TE Connectivity , which uses an 18-month rolling forecast to drive sales and operations planning, gaining a granular view of demand and improving inventory turns, customer service, agility and forecast accuracy. Leather footwear manufacturer Grupo Flexi , which reduced supply chain planning and re-planning time, improved customer service levels, increased inventory turns and sales growth. What’s on your summer reading list?

A Comprehensive Warehouse Safety Guide!

Supply Chain Game Changer

Having a safe work environment requires establishing clear and effective warehouse safety guidelines. Then, some workers simply don’t know the guidelines for warehouse safety and go about their day in ignorance. OSHA is your first source of safety information and guidelines for the warehouse business as well as all other American industries. That has to come from an existing operator or from resource people supplied by the equipment manufacturer or distributor.

How order aggregation can eliminate costs in the automotive supply chain

The Network Effect

In my last two posts, I talked about new inventory replenishment policies and why a network model makes so much sense. Suppliers not filling their allocated space are sometimes liable for freight costs associated with lost utilization opportunities. Manual replenishment may be approved when it is not possible to use one of the manufacturer’s designated replenishment methods. SMMt Ltd/Flickr.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. It measures the cost incurred by an organization to manufacture a quality product. It measures the percentage of products that are in compliance with government regulations and internal guidelines. There is no specific requirement for the manufacturer to audit, just to have control.

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. Freight Logistics Transportation Transportation Management Unified Registration SystemEffective transportation management can be a hassle.

System 170

Why investors are looking at supply chain technologies in 2020

Requis

No one’s saying we’re going to replace them any time soon, so the CFO can continue to get his financial and inventory data, but we can better manage execution decisions in transportation or a planning decision around inventory positioning using AI/ML and real-time data.”.

Supply Chain Best Practices during a Quarantine

SupplyPike

Times are tough, so we’ve gathered some guidelines to help your supply chain get back on track, or at least to shore it up during these challenging times. Your buyer may also need to work on directing inventories to more active locations. With demand so high for a lot of key products, you’ll need to closely monitor short-term and long-term demand and inventory. You should also prioritize the products you need to manufacture and replenish.

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8 key benefits of effective supply chain management

6 River Systems

Data-driven SCM provides visibility from end to end for monitoring the flow of information, services and goods from procurement to manufacturing and delivery to the end consumer. Likewise, process guidelines can help suppliers comply with your company’s quality requirements. Without real-time data, companies often don’t have time to initiate plan B, resulting in issues such as out-of-stock inventory or late shipments to end consumers.

5 Tips for Writing a Transportation Management Plan

Cerasis

The Freight & Transportation Management Trends to Know in 2018. Manufacturers have integrated their production and transportation needs to have a more efficient transportation plan. On the other hand, routing is also done with respect the inventory management practices on the customer destinations. Some of them include: Occupational Health and Safety These are guidelines that outline the various hazards that are present in the course of transportation.

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. The next-gen supply chain model is a networked ecosystem – suppliers, partners, manufacturers, distributors and retailers will all have access to relevant cloud-based data to make the best decisions based on real-time signals.” China trade war has already put regionalization of manufacturing back on the table.

Supply Chain Management:The Role of Information Sharing in.

Infosys Supply Chain Management

Industrial Manufacturing. By exchanging information such as inventory levels, forecasting data, and sales trends, companies can reduce cycle times, fulfill orders more quickly, cut out millions of dollars in excess inventory, and improve forecast accuracy and customer service. This results in excessive response times, costs and inventory due to forecast inaccuracy. On the other hand manufacturers get plagued by obsolescence and inventory costs impacting margins.

Letter from the CEO: Market Update March 26, 2020

Transplace

Inventory and manufacturing flexibility are a key component to serving this market. Spot market freight has seen an increase up to $2.13 Health questionnaires, temperature screening, and other preventative measures are resulting in some excessive delays and buildup of freight at cross-docks. LTL carriers are starting to have some backlog of undeliverable freight due to consignee closures. and EU as air freight rates have more than doubled on those lanes.