Remove Freight Remove Inventory Remove Logistics Remove Six Sigma

Lean Inventory: Using Lean Initiatives To Manage Inventory

Cerasis

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. What is Lean Inventory Management? Attributes of Lean Inventory Management.

Lean 342

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

Cerasis

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. We will then finalize the series on logistics key performance indicator success management with practical techniques to carry through the academic subjects we've covered thus far. .

Managing a Third Party Logistics Partnership

The Logistics of Logistics

This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months. 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.

The Most Reliable Supply Chain…Without Technology?

Cerasis

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. Reverse logistics occur in the afternoon, taking the tins all the way back to the suburbs.

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

Cerasis

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. . A service-level agreement (SLA) is a contract between a logistics service provider and a customer that specifies, usually in measurable terms, what services the logistics service provider will furnish. Many logistics service providers will provide their customers with an SLA.

KPI 248

9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

Cerasis

o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. To drive further value, look for technology providers in the logistics and supply chain space who can integrate these systems together.

Lean 343

4 Tips to Help Manage Your Supply Chain

LeanCor

Logistics is a necessary function for all companies. In the absence of integrated logistics and total cost perspective, the logistics wastes are inevitable. Logistics has inherent dynamics that make the concept of total cost confusing and frustrating.

Preparing Tomorrow’s Supply Chain Leaders: The Importance of Technology Skills and Experience

Talking Logistics

With the logistics industry growing at 22 percent annually, both shippers and transportation providers are searching for workers who have what it takes to succeed in their line of work, which increasingly is being driven by information technology. Likewise, colleges and universities want to prepare new entrants to not just gain a foothold in the logistics industry but to hit the ground running and advance their careers.

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. The answer is that they use the multi-echelon inventory model to solve the problem. The secret behind its supply chain success is the use of Six Sigma approach.

Lean initiatives and the Supply Chain

The Lean Supply Chain

o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. Utilize Six Sigma’s DMAIC: Define, Measure, Analyze, Improve and Control to solve any problems or roadblocks. Watch freight classifications.

Lean 62

2018 Parcel Oversize Changes: Tightening of the Vise

Talking Logistics

Have lightweight/low density freight (e.g., Analyze each box size in your inventory, and know what weight is expected for each box size stocked in your facilities with your dim factor. Mark also has a Lean Six Sigma Green Belt certification.

23 warehouse pros reveal the best ways for warehouses to control & reduce fulfillment costs

6 River Systems

Choose software that facilitates the valuation and control of permanent inventories based on inputs or outputs, with automated stock alerts, that is versatile and independent of the type of business. Define normal parameters and fine-tune the physical inventory system.

4 Common Supply Chain Cost Blowouts

Logistics Bureau

How to fix the problem: Some measures that your company can take to prevent supply chain cost blowouts as a result of inefficiency include: Implement a continuous improvement program, such as lean or Six Sigma. Inventory. Supply chain cost blowouts resulting from poor inventory management are commonplace, even though many companies today try to pull, rather than push inventory through the supply chain. Freight Costs. Over-charging by freight carriers.

Third Party Logistics Companies Checklist for Choosing and Qualifying a 3PL

The Lean Supply Chain

What is a Service Level Agreement (SLA)? How does an SLA work with Key Performance Indicators (KPIs)?

The Lean Supply Chain

A service-level agreement (SLA) is a contract between a logistics service provider and a customer that specifies, usually in measurable terms, what services the logistics service provider will furnish. Many logistics service providers will provide their customers with an SLA.

KPI 77