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More than storage: What warehouse services can a 3PL provide?

Kanban Logistics

When it comes to warehousing, many companies eventually outgrow the “do it yourself” model and choose to hand the reins over to a third-party logistics (3PL) professional. Recap: basic warehouse services. You can choose to simply go it alone and build or rent a warehouse yourself.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

By contrast, the third-party logistics model is where a manufacturer retains oversight of its supply chain but outsources such processes as warehousing, shipping, packing, and distribution to a 3PL provider. Unloading of local freight and de-stuffing and palletising of international freight.

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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.

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.

50 expert warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Of course, warehouse optimization isn’t something you do just once; it’s an ongoing process, and a complex one at that.

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.

50 expert tips on improving warehouse efficiency & productivity

6 River Systems

Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). Warehouses are complex operations with many moving parts and functions happening simultaneously, so while there are plenty of areas to improve productivity, it’s not always easy to determine where your efforts will pay off. More than 50% of your warehouse labor is in pick and pack, so start there.

How Lean Warehousing Can Ease Your Carrier Capacity Pain

LeanCor

Lean Warehousing: By: Clint McCrystal – Team Leader of Operations. As a result, it is increasingly difficult to secure capacity in today’s carrier market. One specific type of lean warehousing that one of our customers has available to them comes in the form of a cross-dock. Just-in-time delivery – Cross-docking allows for just-in-time delivery of inventory to a customer’s manufacturing facilities without driving up transportation cost by way of postponement.

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5 Warehouse Performance Management Tips

The Logistics of Logistics

5 Warehouse Performance Management Tips. Many inventory errors occur when inventory management staff isn’t given the appropriate space to work. Consider giving inventory staff a generous workspace and this will save you from many future problems such as lost time, money and authority. Consider labelling all products to make it easier for staff to select inventory. Perform regular inventory counts. Eliminate errors in receiving.

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. With the right user access permissions, Tom from the Warehouse will not have access to financial reports of Sally in Finance. And you expect the same standard for inventory management software. Inventory Transfers, Adjustments and Stock Takes.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

The Ideal TMS Helps Complete Warehouse Management. A poorly functioning warehouse is tantamount to a poorly functioning supply chain. 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. Increased Security of Information.

How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Another option is to work in a warehouse, or in transport, or maybe in customer service where you are dealing with people all the time.

Achieving the Integrated Global Supply Chain

Supply Chain Network

These partners are executives, managers, co-workers, suppliers, customers, carriers, 3PLs, warehouses, government agencies, financial institutions, etc. 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.

Disruptive Warehouse Technologies for Any Company!

Supply Chain Game Changer

No matter how big or small your operation and your company is you likely have the same pressures on your Warehouses and Distribution Centres. Everyone, including those who are best in class, has the need to reduce costs, improve the speed and accuracy of order fulfillment and warehouse activities, optimize inventory, and provide sufficient capacity to support growth at your busiest times of the year. Inventory accuracy can be a perennial problem for many companies.

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

Talking Logistics

HighJump Software Enhances HighJump Warehouse Advantage Express Offering to Meet Increased Demand in SMB Marketplace. ATA Releases Latest Freight Forecast, Projecting Strong Trucking Growth. Meanwhile, HighJump Software announced that it has updated HighJump Warehouse Advantage Express, its warehouse management system (WMS) specifically designed for small and mid-sized wholesale distribution operations.

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

Supply Chain Network

Intelleflex ZEST™ Data Services, a cloud-based repository for aggregating, warehousing and sharing information across the supply chain, facilitates on-demand access to actionable data for improved supply chain operations to provide a complete picture of data spanning the entire supply chain. To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products.

Understanding E-Commerce Fulfillment: Definition, Process, Resources!

Supply Chain Game Changer

Keys to Success in Warehouse Management/Order Fulfillment! You can expand and contract warehouse space as your business needs change. There are four basic components of the e-fulfillment process: ECommerce store and fulfillment center integration Receiving and inventory management Order fulfillment Returns processing. When you think of a fulfillment warehouse, you might imagine rows of shelves filled with products. Receiving and Inventory Management.

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.

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.

The Ultimate Guide to Pick and Pack Methods!

Supply Chain Game Changer

Good inventory management and the right pick and pack software will help you ship orders with maximum speed and accuracy. Your eCommerce sales channels are integrated with your warehouse systems. When one of your customers places an order, the software at your fulfillment warehouse generates a packing slip. A warehouse worker takes the packing slip and picks the items for the order from the warehouse shelves. Inventory Storage Strategies. Subscribe Here!

3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena

The Logistics of Logistics

Warehousing 3.) Sometimes 3rd party logistics companies are described as: Asset-based – companies that own actual assets like trucks, boats, planes, warehouses. Warehousing 4.) Warehousing Services. Vendor Managed Inventory. Inventory Management.

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28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required. Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company.

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

Supply Chain Game Changer

With supply chain being a goldmine of structured and unstructured data, it seems only natural that the Internet of Things, Artificial Intelligence and blockchain are considered the key drivers of Digital Transformation in logistics, supply chain management, warehousing and transportation. Furthermore, IoT solutions enable businesses to assess demand based on historical data and automate inventory replenishment. Smart warehouse. Route & freight cost optimization.

50 expert tips on logistics planning and strategy

6 River Systems

By getting to grips with issues such as suppliers’ creditworthiness, payments history, data security and their own supply chain resilience, you can build a much more in-depth picture of any threat they may propose — and manage the danger accordingly. NetSuite has launched a supply chain snapshot feature that’s a central part of any control tower that shows all of your inventory and related transactions with the ability to filter by subsidiary, location, etc. Warehouse Operations

What is EDI (Electronic Data Interchange) and ASN (Advanced Shipping Notification)?

3PL Insights

Improved freight costs, reduced inventory levels, and more efficient use of warehouse space are all results of using EDI. A VAN is used to ensure that EDI transactions are secure, and that the order is received. 3PL Logistics WarehousingIf you’ve ever used ASNs or EDI, then you know how helpful they can be to your business. The amount of time and effort saved by using these technologies makes them a must-have when transferring documents to another company.

What are the main 3PL Services?

The Logistics of Logistics

Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding. Warehousing . Vendor Managed Inventory. Supply Chain Security Analysis. Warehouse Management System (WMS). Admiral E. King famously said “I don’t know what the hell this “logistics” is that Marshall is always talking about, but I want some of it.”.

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What’s the Difference Between Logistics and Distribution?

Supply Chain Game Changer

The logistics of physical items usually involves the integration of information flow, materials handling, production, packaging, inventory, transportation, warehousing and often security. Distribution management is an overarching term that refers to numerous activities and processes such as packaging, inventory, warehousing, supply chain and logistics.” SCM #SupplyChain #supplychainmanagement #logistics #freight #transportation #distribution.

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. Allowing the yard to be a blind spot between TMS shipment tracking and WMS for optimized warehouse efficiency can lead to lost time and money. Imprecise Shipment Scheduling | Dwell times, detention, long lines waiting for the warehouse to free up an available dock door.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

With how quickly new technology, tips and warehouse management techniques are emerging, wouldn’t it be nice to take a page from someone else’s book? In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

5 E-Commerce Order Fulfillment Choices!

Supply Chain Game Changer

FBA has a big network of warehouses. 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.

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.