ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Management 40

Inventory Management Inventory Forecasting Manufacturing 40

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Management 40

Inventory Management Inventory Forecasting Manufacturing 40

Enterra Insights

SEPTEMBER 12, 2019

The next time you feel the need to toast someone, raise your glass to all the supply chain professionals involved in omnichannel retail operations. John McAteer, Vice President of Sales, Retail, and Technology at Google, writes, “In retail, there’s no space for standing still. Empowered by mobile, people can get exactly what they want instantly and effortlessly, and they expect retailers to meet their needs faster than ever before.”[1]

Omnichannel 100

Omnichannel Reverse Logistics Retail 3PL 100

BluJay Solutions

MARCH 28, 2014

Yet the potential for manufacturers and retailers/distributors to streamline and simplify production and distribution processes as well as increasing the possibilities for customization of products is clear, and media and industry interest in how to harness this technology to drive innovation is gathering pace. The attractiveness of 3D printing for manufacturers and retailers/distributors centers around reducing both lead times and the risks involved in holding inventory.

Netherlands 60

Netherlands eBook Japan Course 60

CH Robinson Transportfolio

AUGUST 26, 2020

Accordingly, carriers are selective about freight. Overly complex or challenging freight needs are passed over in favor of simpler freight. The sheer amount of data involved in managing inventory can seem staggering without the proper technology in place to process it all.

Beverage 48

Beverage Transportation Capacity Food 48

Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Kuebix TMS offers full tracking and visibility of your freight expense down to the SKU level across every mode and along every step of its journey. Subscribe Here! Email Address.

Internet of things 53

Internet of things Predictive Analytics Analytics Supply Chain 53

Cerasis

JUNE 13, 2018

Shippers face more challenges than ever before when it comes to managing freight spend and allocation. While many other questions exist, freight management in today’s world is built on the internet, speed, use of data, and staying attractive to drivers. Yes, your freight must be attractive to drivers to get the best deals, and a TMS provides an invaluable means of creating attractive freight. The Freight & Transportation Management Trends to Know in 2018.

Third Party Logistics 169

Third Party Logistics Benchmarking Shipping Course 169

CH Robinson Transportfolio

NOVEMBER 19, 2020

Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. And, accordingly, each industry procures and manages capacity differently to navigate these challenges and drive positive outcomes.

Shipping 44

Shipping Exercises Procurement Capacity 44

Supply Chain Game Changer

NOVEMBER 14, 2018

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. The HBR article outlines an interesting development: more retail and manufacturing companies are adopting “digital control towers” for their supply chains. Companies will always need people who can build relationships with vendors when conducting large-scale Procurement. Subscribe Here! Email Address.

Training 76

Training Big Data Supply Chain Supply Chain Skills 76

Supply Chain Game Changer

SEPTEMBER 14, 2020

Inventory is held and procured from local corner stores, delis, pharmacies (CVS) and larger entities (such as Giant, Whole Foods, etc.), While this is primarily a delivery (via procurement) service , ThankX does not buy products unrelated to its express deliveries.

Philadelphia 56

Philadelphia Puerto Rico Real Estate Food 56

EFT

MARCH 19, 2019

Indicative of this is the falling time retailers are taking to get returns back into their stock. The median time for retailers to move returns back to inventory ready for resale has fallen from 2017 to 2018, from a median of seven days down to five days. Increasingly retailers and manufacturers are looking at building distribution capabilities into more and more facilities and the sharing of inventory and fulfilment engines.

New York City 44

New York City Retail New York Distribution 44

Supply Chain Game Changer

NOVEMBER 18, 2018

Blog post originally published by, and permission to publish here provided by, Argentus a boutique recruitment firm focused on Supply Chain and Procurement. According to a recent report in Procurement trade publication Spend Matters , these are some of the most booming categories in the burgeoning industry. In lots of growing cannabis companies, purchasing and inventory are still done on an ad-hoc basis. SCM #SupplyChain #Cannabis #Retail #Marijuana. Subscribe Here!

Canada 59

Canada Colorado Pharmaceutical Food 59

Supply Chain Game Changer

NOVEMBER 7, 2018

For excess inventory that was not needed for initial replenishment and product availability we would keep goods in trailers in the parking lot. Next we worked to accelerate allocation and replenishment to retail stores. Omnichannel #Retail #SupplyChain #SCM #ECommerce #Distribution #Logistics. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. Subscribe Here! Email Address.

DC 57

DC Procurement Resources Omnichannel 57

JDA software

FEBRUARY 11, 2019

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. its transportation management and how well it continually procures, plans, executes and monitors freight. Inventory management. Likewise, operational considerations like optimized inventory management have never been more important. Supply Chain inventory management network design supply chain design transportation management

Exercises 63

Exercises Automotive Procurement Distribution 63

Supply Chain Game Changer

NOVEMBER 8, 2018

I made two interesting discoveries: The components were all manufactured by other companies, and the system that retailed for $3,000 cost about $600 in parts.” ~ Michael Dell. Bottlenecks govern both throughput and inventory.” ~ Eliyahu M. Freight and Logistics Guest Blog Post Procurement Supply Chain Management Leadership Quotes SCM supplychain supplychainmanagementSubscribe Here! Email Address. Article originally published and provided by [link].

Supply Chain 56

Supply Chain Internet of things System Quality 56

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. They also need to keep a check on inventory levels and identify obsolete stock. Manage inventory levels.

Six Sigma 68

Six Sigma Third Party Logistics Supply Chain Training 68

Infosys Supply Chain Management

NOVEMBER 28, 2011

Retail. Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. » Retailer Multi-Channel Operations Capabilities Get an Early Test in the 2011 Holiday Buying Season. Today is Cyber Monday and we provide our first update to our previous commentary on how retailer multi-channel operations (MCO) capabilities will be challenged in the current 2011 holiday buying season. Procurement Blog. About Us.

Biotech 25

Biotech SCM Asset Management Aerospace 25

Talking Logistics

FEBRUARY 21, 2019

Omni-channel retailers and manufacturers/distributors require agility to compete and thrive in an industry that is ever-changing due in large part to the Amazon Effect. Retailers are adapting their network for an omni-channel approach to enhance their customer experience and offer a wider online product assortment, which can include enabling vendors to dropship on their behalf. This process can be a win-win for both retailers and manufacturers/distributors alike.

Chad 78

Chad Manufacturing System Procurement 78

Freightos

AUGUST 26, 2015

So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking. 150 years of Lloyd’s helps back this new website, which includes frequently updated information on freight and shipping information. Ocean freight is split into 14! Freight Dawg.

Resources 261

Resources Logistics Cargo Handbook 261

Supply Chain Game Changer

NOVEMBER 22, 2018

World Class Inventory Turnover Breakthrough (Infographic). Inventory Management is a critical element in running an efficient Supply Chain. World Class Inventory Turnover Breakthrough (Infographic). Freight and Logistics – Do you have Hidden Freight Costs? Do you have hidden Freight costs? Here we discuss many of the signs and potential areas of freight costs that may not be readily visible to you. Subscribe Here! Email Address.

Lean 49

Lean Omnichannel Internet of things Inventory 49

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. Freight Management.

Comparison 141

Comparison Inventory Freight Procurement 141

Supply Chain Network

APRIL 3, 2012

To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products. In the majority of today’s cold-chain operations, data from condition monitoring is either nonexistent or requires hours or days to procure – making it inactionable. This model improves operational efficiency, reduces friction and waste in the supply chain, and improves inventory management, asset tracking and personnel monitoring.

Pharmaceutical 81

Pharmaceutical Data Food Quality 81

OneSCM

NOVEMBER 1, 2019

Despite worries over trade tariffs, consumers are in good financial shape, as the National Retail Federation forecasts holiday retail sales will grow between 3.8 A highly functional supply chain has increased visibility of freight, location of products, and inventory. Real-time visibility is vital during hectic periods of activity and can assist in ensuring suppliers deliver on time, reduce inventory and mitigate risk. Ready or not, the holidays are coming.

Inventory 150

Inventory Metrics Forecasting Supply Chain 150

Supply Chain Nation

FEBRUARY 11, 2019

its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. its transportation management and how well it continually procures, plans, executes and monitors freight. Inventory management. Likewise, operational considerations like optimized inventory management have never been more important. Supply Chain inventory management network design supply chain design transportation management

Exercises 40

Exercises Automotive Procurement Distribution 40

EazyStock

SEPTEMBER 25, 2018

These apps help companies achieve every business process from tracking inventory and shipments to booking meetings with clients to tracking tasks and projects. EazyStock – Inventory Optimization Software. With easy API integrations with any Enterprise Resource Planning (ERP) tool, inventory managers can automate procurement and replenishment processes that historically were guesswork cutting into profit margins.

Warehousing 65

Warehousing KPI Tools Canada 65

Kanban Logistics

SEPTEMBER 24, 2020

The driver is early to a retailer appointment. Most retailers will not accept early deliveries. The 3PL will then make the final delivery to the retailer, while the original driver moves on to his next load. The driver misses a retailer appointment. retailers).

North Carolina 52

North Carolina 3PL Warehousing DC 52

Cerasis

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 248

KPI 3PL Six Sigma Lean 248

Supply Chain Game Changer

NOVEMBER 9, 2018

They were going to take the Holistic approach (see our Blog Inventory Turnover Breakthrough (Part 1) … Go Back To The Basics! Check out Global Process Excellence (Part 4) – Introducing Lean In Retail … Start in the Backroom! Selected as one of the Top 75 Supply Chain blogs, and one of the Top 25 Procurement blogs, on the Internet. Subscribe Here! Email Address.

Distribution 49

Distribution Video Case Study Lean 49

ivalua

MARCH 31, 2020

Retail shops and eateries everywhere saw their business drop off precipitously. 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. A retailer will have empty shelves. If the disruption continues, we may see many manufacturers, and maybe even retailers, suspending their operations as they run out of the key inputs they need.”.

South Korea 100

South Korea China Supply Chain Asia 100

Talking Logistics

APRIL 22, 2019

Even our most popular post, which dealt with excess inventory and yard management, had a transportation bent to it. Excess Inventory? Visibility and Collaboration in Transportation Management [Video] The Digitization of Freight.

Video 87

Video Logistics Freight Government 87

Cerasis

MAY 21, 2015

This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement. Freight transportation costs in the United States amount to about 6% of the GDP, which means that a large portion of a company’s supply chain costs come from transportation. When freight costs are high, even seemingly small oversights can result in unneeded expenses that could have been avoided and thus cut into overall profit margins.

Transportation 259

Transportation Supply Chain Supply Chain Visibility Predictive Analytics 259

Cerasis

FEBRUARY 13, 2017

From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. This has always been true in retail, but the power of consumers has grown with the rise of the digital age. Amazon’s unsurpassed capability in logistics has stimulated a barbell effect among manufacturers and retailers.

Trends 223

Trends Logistics Reverse Logistics Russia 223

Cerasis

APRIL 3, 2018

This newfound visibility allows participants in a supply chain to proactively optimize components of their processes (like inventory management, staffing decisions, and a thousand more) to support an efficient and agile product path. Outcomes: improved inventory management; More accurate determination of re-order points; Better on-shelf availability. Outcomes: reduction in delays/human error in paperwork, visibility into procurement, international compliance.

Supply Chain 215

Supply Chain Omnichannel Africa SCM 215

Aborn and Co.

SEPTEMBER 8, 2020

Aborn & Company, the freight management solution, announced today that Chris Peckham has been named as Vice President of Operations for the company. Chris was Director of Supply Chain at SharkNinja where he was responsible for procurement, inventory management, and new product development.

Freight 52

Freight Groups Transportation Packaging 52

Turvo

MAY 27, 2020

They must manage inventory in their facilities, in the yard, in transit, and in third-party retailers that have lines of credit with the company. These might not seem like major hurdles, but each item represents a higher cost for managing inventory and adds to inefficiencies. However, digitizing the process could allow for better inventory responsiveness and planning to reduce the cash-to-cycle. Digitization remains a concept escaping most of the supply chain.

Journal 53

Journal Third Party Logistics Course Lean 53