[e-Book] The Essential Guide to Inbound Freight Management

Cerasis

How Big Is the Problem Of Inbound Freight Management? Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs. Depending on the industry and size of the company, a business can spend more than 40% of its annual freight budget on inbound shipping, according to the Aberdeen Group, a research firm in Boston. A more efficient inbound freight program can minimize delays, save money and even reduce confusion.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

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.

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

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.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. This incident really calls the security of public blockchains into question. In the ocean freight industry, many steps are conducted manually with lots of paper work. . Christopher Tang.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. This incident really calls the security of public blockchains into question. In the ocean freight industry, many steps are conducted manually with lots of paper work. . Christopher Tang.

Inventory Management Techniques That You Need to Know About

EMERGE App

Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. Rather, it’s a carefully curated list of inventory management techniques that work for our wholesale and distribution customers around the world. What we will cover are practical inventory management techniques that: Our customers use; and.

What is Web Based Inventory Management Software?

EMERGE App

You run a lean business model with minimal overheads and using web-based inventory management software plays a big part in this. Web encryption standards now ensure the security and privacy of data saved at remote servers. And you expect the same standard for inventory management software. What to Expect from Web-Based Inventory Management Software. At the very least you can expect inventory management software to take care of the usual suspects in your business: 1.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

The ideal TMS can maximize the efficiency of a warehouse and directly affect inventory management. As a result, the amount of inventory can be managed to reflect the consumer demand. Freight Consolidation. Sometimes, the lines between FT and LTL are blurred, especially when all LTL shipments are compiled into FT via freight consolidation. Increased Security of Information.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Even slight delays or inventory shortages can have a severe impact on a company’s bottom line. At the height of the pandemic-linked supply chain disruptions, Amazon set the bar extremely high for other 4PL providers, despite initially experiencing inventory shortages.

Achieving the Integrated Global Supply Chain

Supply Chain Network

Cash Supply Chain Definitions Education Emerging Trends Freight & Transportation Information Technology Inventory New Ideas News & Info Professional Communications Security Supply Chain Management Supply Chain RiskGuest post from Ned Blinick of 3rdwave. The integrated global supply chain exists when activities between all supply chain partners are seamlessly coordinated to achieve the optimal results for all its participants.

Air Freight: Learning the Basics to Optimize Your Global Supply Chain

CH Robinson Transportfolio

Air freight is often more expensive than any other mode of transportation. When considering the cost of a modal shift to air cargo, keep in mind that the freight cost is only one component of the equation. Other benefits within your supply chain—from lower inventory carrying costs and the opportunity to capture market share—may offset the possibility of higher freight costs. Definition: As the name suggests, your freight is shipped as soon as a flight is available.

Technology Fuels Freight Logistics: Jeff Tucker in Wall Street Journal

DAT Solutions

Jeff Tucker 's guest column in yesterday's Wall Street Journal pointed to the pivotal role of technology, including DAT Load Boards , in freight logistics today. Jeff also highlighted the contribution of freight brokers to the efficient movement of cargo. Jeff has been a leader in freight logistics since 1992; he is president and CEO of Tucker Company Worldwide and Chairman of the Transportation Intermediaries Association. domestic freight transportation and logistics.

Mexico Back in the Supply Chain Spotlight

Talking Logistics

We’ve seen, for example, instability in ocean freight, cost, and issues with [Los Angeles] ports in past years. economic recession made companies decrease inventories, which increased their need for speed to market and shorter cash-to-cash cycles. Watch the short clip below where he discusses three key challenges: imbalance of freight during peak season; the visibility black hole at the border; and the need to build in flexibility.

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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. As a result, multiple supply chain partners – all benefitting from secure access to the same data via the cloud – can work together seamlessly and cost-effectively to ensure product freshness and quality and reduce waste.

The Toilet Paper Supply Chain!

Supply Chain Game Changer

That panic has resulted in individual consumers scrambling to secure a supply of goods that they find most critical to day to day survival. Environment Freight and Logistics Inventory Management Supply Chain Management Coronavirus Toilet PaperSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Coronavirus Exposes Global Supply Chain Fragility! Our recent trips to Costco and Walmart, in mid March 2020, had one thing in particular in common.

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.

This Week in Logistics News (March 9-13, 2015)

Talking Logistics

Here’s the news that caught my attention this week: January 2015 Freight Transportation Services Index (TSI). Truckload Freight and Rates Dip Seasonally in February: DAT Freight Index. Cass Freight Index – February 2015. business inventories flat, inventory-to-sales ratio highest since 2009 (Reuters). Freight stats dominated the news this week. percent higher than the same month a year ago…Freight expenditures were up 4.3

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US Spending Cuts to Create Issues for Freight Forwarders Through Cargo Processing Delays

BluJay Solutions

As the US Federal Government begins to implement a Sequestration program of mandatory spending cuts to address its budget deficit, effective March 1, the Department of Homeland Security is warning of potential delays to the processing of inbound air and sea freight shipments. And the resulting delays in processing cargo imports are set to impact heavily on the logistics industry, with logistics services providers of all types affected, in particular freight forwarders.

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Improve Your Financial Health with Better Inventory Control

Unleashed

There is a positive correlation between the quality of a company’s inventory control and its financial performance. Many financial ratios incorporate inventory values to measure aspects of a business’ financial health. For example: Inventory turnover ratio helps a business to plan and to more accurately forecast the cash necessary to reinvest in inventory stock based on past sales performance. They are an important cost to monitor when making inventory decisions.

This Week in Logistics News (June 24-28, 2013)

Talking Logistics

ATA Releases Latest Freight Forecast, Projecting Strong Trucking Growth. It provides the key warehouse management features needed to quickly deliver ROI, including the tracking and visibility of inbound orders, directed put-away, variety of picking methods, shipping, directed replenishment and inventory control. . According to the forecast, overall freight revenue will grow by 63.6

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

There are many factors which can lead to an inability to secure supply of the goods or services that you need to conduct your business. On the other hand if customer demand fails to materialize according to forecast you can be stuck with a lot of custom inventory, unrecovered expenses and a huge cash flow problem. As a combination of Accounts Receivable, Expenditures, Accounts Payable and Inventory you can see Supply Chain’s impact. Inventory Performance.

How Logistics Is Proving that Amazon Needs to Be Regulated

Freightos

In itself, that’s a big deal, but its significance is compounded when you consider the trucking shipment volumes such a move will require; it’s essentially jet fuel for their new freight brokerage business. Take into account their FBA warehouse footprint, NVOCC license, and SEC reports flagging forwarders as competition, and you have a solid reminder that Amazon is coming for global freight. Regulating Amazon…Because Freight. Freight Insights General

Transportation Cost Drains

The Logistics of Logistics

Transportation Cost Drain #2 - Freight Rates. Freight rates are a direct line item cost and many companies have experienced rate increase in addition to surcharges. Freight terms are negotiable. What freight terms have been agreed too? Is your supplier taking advantage of your freight volume for better rates? Is you supplier making a profit on your freight by adding a fee? Is your company impacted by security or Homeland Security regulations?

The Role of the Internet of Things in Managing Supply Chain Risk

BluJay Solutions

Perhaps the most obvious potential benefit of IoT, and more importantly going forward the IoE, is supply chain security, which could be much better managed through the use of tracked and monitored containers or packing cases, right down to individual packaging level, which alert security or the authorities if removed from where they should be.

Uncertainty in Today’s Air Freight Market: What it Means for You

CH Robinson Transportfolio

The cyclical nature of air freight. Air freight service predictably follows the law of supply and demand. When shipping volumes spike, space on airlines becomes harder to secure and prices go up. New disruptors to the air freight market. But demand for air freight shifted significantly when enough shippers preemptively repositioned inventory prior to the June 1, 2019, deadline. Adjust your air freight strategy based on the market.

Is Your Freight Spilling Millions Across the Interstate?

Supply Chain Collaborator

Opaque Yard Visibility | Keeping track of assets on large freight yards is challenging as is maintaining proper security at the gate house. Moreover, customers have grown to expect real-time shipment tracking at every step of the way to support their just-in-time inventory strategies. Best in class freight settlement tools should include the ability to set tolerances and allowances for minor deviances from quoted freight rates.

5 E-Commerce Order Fulfillment Choices!

Supply Chain Game Changer

Whether you are a small or medium-sized enterprise, your order fulfillment services are secured. Clients can remotely handle their inventory and make informed decisions based on their consumers purchasing behaviour. ShipWire for Security and Safety. ShipWire boasts of its ability to guarantee the security and safety of your products. Some of the features include issues on inventory, and real-time reports on the products. Subscribe Here! Email Address.

Justifying Investments in Risk Avoidance

Supply Chain @ MIT

This is the classic Catch-22 dilemma faced by many corporate security managers when trying to justify further investments in steeling the supply chain against disruptions. On the other hand, costs incurred – including security outlays – are visible, and often become prime targets for the CFO’s cost-cutting knife. I gave the example of Sun Microsystems, which suffered a spate of freight thefts in Europe. Relief and resilience.

What If Your Supply Chain Had A Control Tower?

Freightos

Large operations – airports, armies and even mall security – all rely on one control room that aggregates data, converts it into insights and aids decisions. The idea of a supply chain control tower emerged in 1990’s, triggered by the need to view and control the movement of goods in factories, distribution centers and pipeline inventories. They estimate that their deployment resulted in an inventory saving of tens of millions of dollars.

Touchless Fulfillment and Shipping!

Supply Chain Game Changer

Few other parameters that supply chain techies must keep in mind like – the scale of the inventory, the scale of production and stocking, and more such keys help the transport and logistics businesses to form an important decision quickly and rightly. Subscribe Here! Email Address.

The Digital Transformation in Logistics: Technologies, Barriers and Predictions!

Supply Chain Game Changer

Operating on three levels — i.e., connected hardware, infrastructure which facilitates data exchange and processing and the software tier, — IoT blurs the line between the digital and physical , as virtually any object such as a delivery vehicle, picking cart or inventory items can potentially become trackable. Furthermore, IoT solutions enable businesses to assess demand based on historical data and automate inventory replenishment. Route & freight cost optimization.

Logistics Technology Trends: The Rise of the Machine

Freightos

The Internet of Things is the technology that drives fitness trackers, smart appliance and automated home security. RFID technology helps companies keep tabs on their assets and inventory, reducing the number of goods that are lost or stolen during the manufacturing and shipping process, ensuring that more end up where they belong and less money is lost. Freight InsightsEarlier this year, we ran a series of articles exploring the future of logistics technology.

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How To Start Your Brewery On The Path To Success

Unleashed

How many stock-outs, an event that caused inventory to be exhausted? Stock & Inventory Control. Unleashed lets you add these additional costs (such as freight and duty) for each purchase order during the receipting process. Assign a serial number to ensure you know where they’ve gone and when they come back into your inventory. Connect your sales people with your live inventory system wherever they are.

Navigating Ongoing International Transportation Capacity Challenges

Talking Logistics

From import space and export space tightening up and a hot drayage market causing capacity constraints to volatile air freight rates – international transportation has had its share of challenges the last 10-12 months. Import space out of Asia to the US continues to be tight, and thanks to positive retail sales, retailers are having to quickly restock to ensure they have enough inventory. Soaring Air Freight Rates. This has driven quite the demand for air freight.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! 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. Ensure system connectivity is on a secure network. Someone with malicious intent could bring down entire supply chain networks and force freight rates to skyrocket.