Remove Freight Remove Inventory Remove Procurement Remove Transportation

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. Inventory is both.

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

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

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Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

Cerasis

Today begins our series about electronic data interchange or EDI in transportation. Let’s back up a bit before we specifically address EDI in transportation. EDI was first developed in the 1960s with the objective of speeding the movement of shipping and transportation documents.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Supply Chain involves planning, execution, physical flows of goods, the flow of information, processes, financial management, sourcing, logistics, procurement, manufacturing, distribution, logistics, repair and recycling, business management and much, much more. Subscribe Here! Email Address.

5 Global Transportation Themes to Look Out for in 2015

Talking Logistics

Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope. Transport optimization typically reduces spend by 5-15%. The connecting element is the availability of transport details and accurate data.

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. SCM #SupplyChain #Technology #Logistics #Freight #Purchasing #Procurement #Business.

Solving Franklin’s Freight Dilemma: Cure or Prevent Disruptions?

Supply Chain @ MIT

Walmart Stores and the MIT FreightLab have collaborated to create a tool that reduces truck transportation planning time and lowers costs. This may be a great rule of thumb for life generally, but not necessarily for freight transportation. Road to resilience.

Where Do the Savings from Managed Transportation Services Come From?

Talking Logistics

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. A recent ARC Strategies study on managed transportation services found, on average, MTS can save a company between 2 and 10 percent of its transportation spend.

Streamlining and Automating the Procure-to-Pay Process

Talking Logistics

Streamlining and automating the procure-to-pay (P2P) process is something many companies are focused on, especially those dealing with hundreds, if not thousands, of suppliers and high volumes of purchase orders, shipments, and invoices. The order procurement black hole. I began my discussion with Omar by asking him to share some of the challenges procurement people are dealing with in the procurement process. Episode Highlights Elemica P2P procure-to-pay

The Supply Chain Game Changer Job Board!

Supply Chain Game Changer

It includes functional areas such as Procurement, Purchasing, Freight, Logistics, Planning, Material Handling, Inventory Management, Cash Flow Management, Quality Management, Diversity, Customer Support, Systems Design and Deployment, Business Process Engineering, and Business Management.

Is it time to integrate your supply chain design with execution?

JDA software

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.

The Invaluable Role of a TMS in Managing Full Truckload Shipments

Cerasis

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.

Shippers: One Action Could Save You Millions on Inbound Transportation Management Costs

BluJay Solutions

But even in doing so, one area that is overrun with inefficiency is often overlooked – inbound transportation management. Known as freight collect, the buyer owns the carrier relationship and is responsible for shipment planning, tendering and payments. Lower inventory levels.

Supply Chain Predictions!

Supply Chain Game Changer

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.

Time to turn around inventory falls by two days says new report

EFT

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. Gabi Weisel, Director Global Indirect Procurement, Estée Lauder.

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

We continue our series on the “State of the Transportation Management Systems” today with our post on the 4 key processes enabled by the use by shippers of a transport management system or TMS. A Transport Management System brings Needed ROI & Efficiency.

Time to Squeeze Carriers for Better Rates?

Talking Logistics

There was a deceleration in freight volumes during the second half of 2015 which continued into the first month of 2016. So, that tells me that the inventory situation continues to weigh on truck freight volumes. The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, dropped 0.4 percent in December from November , with December 2015 freight shipments down 2.0

Supply Chain as a Service (SCaaS)!

Supply Chain Game Changer

The 3 Pillars of Digital Procurement! Virtually every type of software application is offered in a SaaS model, including software to support ERP, TMS, CRM, Inventory Management, and Invoicing applications, all of which are related to Supply Chain. Subscribe Here! Email Address.

Are These the 5 Biggest Fallacies in Supply Chain or is it Fake News?

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Fallacy 4: Improved forecasting will always lead to lower inventory levels. He wants to challenge the assumption that better demand forecasts will always lead to lower inventory levels. For example, if a recession hits unexpectedly, demand will be way lower than expected and you’ll likely have tons of excess inventory. Subscribe Here! Email Address.

Does Canada Need a Chief Logistics Officer?

Supply Chain Network

Likewise, logistics the physical handling, storage and transportation of any materiels or related services needed for the Government of Canada to serve citizens costs 10′s if not 100′s of millions of dollars annually. Transportation – Less Than Truckload & Truckload.

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3D Printing Set to Streamline the Retail Supply Chain Through Reduced Lead Times and Inventory

BluJay Solutions

The attractiveness of 3D printing for manufacturers and retailers/distributors centers around reducing both lead times and the risks involved in holding inventory. Our January blog post 3D Printing: Supply Chain Game Changer or New Risk for LSPs?

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Extreme weather represents one of the most significant risks to ocean freight on the globe. Transport Loss. Subscribe Here!

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

The procurement of materials and goods and services, and the timing of this procurement, payment terms with suppliers, and the buildup and disposition of inventory all dramatically impact the amount of cash that a company has and uses. Subscribe Here! Email Address.

Top Talking Logistics Posts & Episodes (Q1 2019)

Talking Logistics

Based on the top Talking Logistics posts and videos this quarter, it’s clear that transportation management remains a hot topic of interest — everything from how to navigate the twists and turns of the market to how to leverage transportation management systems (TMS) and emerging technologies to drive continuous improvement. Even our most popular post, which dealt with excess inventory and yard management, had a transportation bent to it. Excess Inventory?

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7 Questions: How Oil and Gas Companies Can Save on Transportation

CH Robinson Transportfolio

But if you answer “yes” to any of them, you may be making common supply chain errors that can dramatically increase transportation spending. Do your suppliers pay the shipping costs for your procurement material? Do you use the same transportation method whenever you ship?

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Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products.

Experts Choice Of Top Online Logistics Resources

Freightos

Transport Intelligence, the well-respected U.K. So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. Transport Topics. American Journal of Transportation. Air Transport World.

[INFOGRAPHIC] Expert Reveals 7 Supply Chain Trends to Watch

Cerasis

As a transportation management third party logistics company, we know at Cerasis that transportation makes up a large portion of the costs and efficiencies of any supply chain. Contact Cerasis if you would like help in more effective transportation management. .

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Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

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.

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

In the mid 1950s, this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers. Check out Why don’t you have a TMS (Transportation Management System) Solution yet? .

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

A cross-functional Material Review Board (MRB) will reduce the need for additional space by reviewing obsolete, non-moving and slow moving inventory monthly, and sending disposition recommendations to top management. Logistics Transportation Management Warehouse logistics cost reduction

How Bad Weather Can Take Supply Chains by Storm—and How You Can Prepare

CH Robinson Transportfolio

The most surprising thing to me about last year’s bad weather was how it caught transportation professionals off guard. They wanted to talk about why the transportation budget was so out of whack, but many transportation professionals were unprepared to explain it.

5 Quick Solutions for Simplifying Supply Chains

Unleashed

In an attempt to get back to supply chain basics, companies need to scrutinise their processes, from procurement through to storage and shipping. Sure, data is king when it comes to helping forecast future demand and inventory stock needs but the ability to collect data is not always supported by the ability to filter and manage that data correctly. Also, customers will avoid businesses that routinely have out of stock inventory, shipping delays and errors.