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Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. With the introduction of digital supply chains, the industry is moving into an era arguably on par with the industrial revolution. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” Excess and obsolete inventory.

Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. Pre-pandemic only 30% of supply chain leaders were satisfied with their supply chains, and during the pandemic, business leader satisfaction is falling precipitously.

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Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. The distributor maintains the inventory plan.

Top 6 Predictions for Supply Chain Planning in 2021 and Beyond

ToolsGroup

Over the year, COVID-19 introduced even greater complexity into the already difficult work of supply chain planning–and changed supply chain from a practitioner-focused topic to everyday dinner table conversation. Digital supply chain transformation will accelerate.

The Vaccine Distribution Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. It is an incredible task that won’t happen without careful and well thought out planning and execution of the Supply Chain. What is the Vaccine Distribution Supply Chain? The Vaccine Distribution Supply Chain.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Let me start with a true confession: I am a manufacturing gal. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. In manufacturing, I became good at labor bargaining. Figure 1: Definition of the Supply Chain Organization.

4 Best Ways Manufacturers Can Perfect Their Supply Chain

USC Consulting Group

Leading the way — and defying the odds — are manufacturers. Yet with COVID-19 and product shortages still a reality, some manufacturers are wondering what they can do to improve their supply chain resiliency to prepare for present and future disruption. If your company is in a similarly tenuous situation, below are a few recommendations to help you shore up your supply chain risks. No supply chain is perfect. Increase your inventory.

How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. So what’s the secret of making supply chain uncertainty work for you? 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.

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The Importance of LTL Freight Management in your Supply Chain

CH Robinson Transportfolio

You need a less than truckload freight management strategy. Why is LTL freight management important to your supply chain? Leveraging a suite of solutions for less than truckload (LTL) freight has become the cornerstone of successful supply chain strategies.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

The new CEO embarked on several cost reduction initiatives in conjunction with a number of changes (some may argue too fast and too soon) on how the company operates its freight-trains. This has led to increased costs, not to mention all the inventory stuck in-transit. However, did you know there are enough lead time problems lurking in your current supply chain operations that go completely unnoticed? appeared first on The 21st Century Supply Chain.

The Toilet Paper Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Coronavirus Exposes Global Supply Chain Fragility! In light of the current situation we thought it was time to learn more about the Toilet Paper Supply Chain. Supply. Aside from the current Coronavirus pandemic and the associated crisis level response the supply of toilet paper is virtually never an issue. Stores replenish supply on generally stable demand signals and patterns. Subscribe Here!

Stand Out Digital Supply Chain Strategies!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supply Chain as a Service (SCaaS)! Digital Supply Chain strategies article and permission to publish here provided by Alejandro Carrera. Large enterprises have complex supply chains. Subscribe Here!

What’s new in the automotive supply chain? (Hint: Inventory Replenishment Policies)

The Network Effect

This is an ongoing series of posts on new developments within the automobile supply chain, with examples of best practices. Today I want to explore how automobile suppliers are improving their operations via inventory replenishment policies. Effective inventory replenishment policies in use today include the 830/862 converted to a delivery release, KanBan, Min/Max, and Sequencing. The post What’s new in the automotive supply chain?

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. One of the often missing links, however, in supply chain visibility, is transportation management.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working. Let’s learn and apply it to supply chain management.

Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

With supply chain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. As COVID-19 continues its malevolent spread around the world, concerns grow regarding the continued impact on supply chains and business continuity. Commonly companies will use a “firefighting” response in times of supply chain disruption in order to meet service levels.

What are Freight Management Services?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What’s the Difference Between Freight Management and Logistics Management? Freight Management services article and permission to publish here provided by Saheer Gurjot. Why is freight management important?

5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Inventory visibility is one of the critical aspects of any manufacturing business. It helps organizations understand how much inventory is available, at what location , and at any given point of time. To ensure inventory visibility, you should have access to view, manage, and update your inventory status from trusted software. What Improved Inventory Visibility does. Inventory ties up money. How ERP Improves Inventory Visibility.

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

You can’t scan the headlines without coming across an article or advertisement about sustainability, but there is precious little information about how supply chain planning software supports green initiatives. 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.

The (Internet of Things) IOT Supply Chain Benefits Now Coming Clearer

Cerasis

The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. Ultimately, the IoT Supply Chain will enable greater accuracy and identification of potential issues throughout supply chain processes. Most manufacturing processes heavily rely on the use of machinery.

Are Ocean Freight Prices Absolutely Broken?

Freightos

And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing $4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken?

How Machine Learning Is Redefining Supply Chain Management

IQMS

Bottom line: Machine learning makes it possible to discover patterns in supply chain management data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process. Discovering new patterns in supply chain data has the potential to revolutionize any business. New knowledge and insights from machine learning are revolutionizing supply chain management as a result.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain. Current Supply Chains don’t operate at the cadence of business. Integrating Blockchain within the Supply Chain could change that. When we are asked about “killer” use cases for blockchain within enterprise systems, Supply Chain is the usual suspect — and for good reason.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

So, you are thinking about a career in supply chain? While this article is intended as an evergreen resource, to help you navigate in your search for a supply chain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

For example, 3PLs and software vendors did pay more attention to serving the needs of small and mid-sized businesses (SMBs) and companies in the Energy and Process Industries (see TMS for SMB: Breaking Down the Barriers , Oil & Gas Companies Focus on Eliminating Supply Chain Waste , and Collaboration and Optimization in the Oil & Gas Industry ). Making supply chain and logistics predictions is like throwing darts at a moving target.

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

A March 11 analysis by trading platform Forex.com claimed that nearly 75% of all companies had already reported supply-chain disruptions, with more than 80% believing that at some point they would experience impacts as a result of COVID-19 disruptions. And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. Supply Chain

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

Recovering your assets is a difficult task no matter what your occupation with reverse supply chains in the marketplace. As businesses often have a surplus of goods to dispose of or recover, such as core returns, we’ve compiled some excellent tips for your company so the process of handling goods not only stretches further… but enhances your chain value as well. Effective Reverse Supply Chains. Reverse Logistics Supply Chain reverse supply chains

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field.

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Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. As such it was many years before I actually heard of the term “Supply Chain Management” Regardless I pursued my interests and took on an increasingly diverse set of progressive jobs as time went on. What Makes Supply Chain Special? Subscribe Here!

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The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

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. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end. And as supply chains continue to grow, diversify and become increasingly global, total insight, oversight and foresight will become increasingly critical. Freight Cost Management eliminates post-audits and disputes.

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. The Top 10 Supply Chain Blog Posts from 2017. This year, most were interesting in supply chain optimization - from distribution to inventory management - and Key Performance Indicators. The Many Types of Inventory Management Technology.

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

Cerasis

However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 million employees without a focus on good supply chain management. ” The Key’s To Walmart’s Supply Chain Management Excellence over the Year.

10 COVID-19 Lessons for a Resilient Supply Chain

DynaSys

A Three Part Article Series from QAD DynaSys – COVID-19 and Resilient Supply Chain. In this series, discover how the COVID-19 pandemic gave us the keys to build a resilient supply chain and add value to our Supply Chain.

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

Cerasis

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. The Lean Supply Chain is a system of interconnected and interdependent partners that operate in unison to accomplish supply chain objectives. There should be metrics involved to monitor these objectives to ensure success across the supply chain. This sets the supply chain pace.

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