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Lean Inventory: Using Lean Initiatives To Manage Inventory

GlobalTranz

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

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Employing this S.M.A.R.T. Technique with a Logistics Company to Create Total Stakeholder Satisfaction

GlobalTranz

Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. This starts with deploying the S.M.A.R.T.

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The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

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Managing a Third Party Logistics Partnership

The Logistics of Logistics

Chuck specializes in Supply Chain Optimization, Third Party Logistics (3PL) and International Purchasing and Importing Consulting. The post Managing a Third Party Logistics Partnership appeared first on The Logistics of Logistics. He also writes for THE GOOD WORD, LinkedIn and other Supply Chain Blogs.

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The Most Reliable Supply Chain…Without Technology?

GlobalTranz

Do you carry too much inventory? They have the funds to access the latest technology, complete extensive R&D and implement new innovations surrounding logistics and supply chain management. They have it down to a science, and they really must all work together to maintain their six sigma performance.

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

GlobalTranz

This is the first post in an ongoing series on effective KPI management from third party logistics consultant, Chuck Intrieri, of The Lean Supply Chain. . Many logistics service providers will provide their customers with an SLA. For example: Inventory Record Accuracy has to be 98-100% accurate daily. Collaboration.

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Understand the Pitfalls of IBP Before Embarking on a Supply Chain Transformation

Logistics Viewpoints

The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.” The executive meeting will generate lean six sigma projects where analysts are tasked with going out and discovering more granular costs.