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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.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. Today, there are many top 3PL warehousing companies that handle warehousing, fulfillment, logistics and distribution services for companies of all sizes. Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. Warehouse Operations

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A Comprehensive Warehouse Safety Guide!

Supply Chain Game Changer

When it comes to the state of working in America, warehouses have seen a huge increase of workers with over 1,000,000 total since the start of 2018. Warehouses, often full of moving machinery carrying heavy loads, are inherently one of the most dangerous places to work. If you’re a warehouse manager, failing to control these risks can lead to high employee turnover, decreased productivity, legal issues, and, at worst, injury or fatality. The Importance of Warehouse Safety.

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. “Warehouse optimization starts with an efficient layout. Use slotting to minimize inventory loss.

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. A sourcing agency will typically do one of the following roles: A.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions.

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.

Improving inventory management

EFT

Factory closures, blank sailings, massive cuts to air freight, reduced warehouse capacity and more have hit business-as-usual and often turned carefully calibrated chains on their head. What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. There, “You're talking about … 20 to 25 warehouses,” across the country to give that same day coverage.

23 warehouse pros reveal the best ways for warehouses to control & reduce fulfillment costs

6 River Systems

Every warehouse strives for efficient order fulfillment. There are many factors that can impact costs, from warehouse replenishment practices to the warehouse equipment deployed to support the fulfillment process. ” Meet Our Panel of Warehouse Pros: Nate Masterson. Read on to learn more about the best strategies to control and reduce your warehouse fulfillment costs. Define normal parameters and fine-tune the physical inventory system.

What’s the Difference Between Freight Management and Logistics Management?

Supply Chain Game Changer

In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. “Logistics” and “Freight” both conjure up imagery associated with the movement and transportation of goods whether by truck, car, rail, ocean liner or any other form of transportation. What is Freight Management? But what activities are thus considered to be a part of Freight Management?

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.

The World’s Largest Brands Are Using Inventory Accuracy and Yard Automation to Fight COVID-19 Chaos

PINC

In an uncertain world where supply chain disruption is becoming a certainty, here’s how good inventory management enabled by automation can help companies gain the supply chain visibility they need to keep the wheels turning. Whether they’ve sent their workforces home to work remotely, scaled back their operations, or scrambled to find alternative supply sources, organizations across all industries are implementing new measures to offset the impacts of COVID-19.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts.

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.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

The Supply Chain Detective™ and the Distribution Centre Disaster!

Supply Chain Game Changer

Much of the product was sourced from vendors all over the world, most significantly from Asia, where the company had absolutely zero experience in sourcing, supplier management, or logistics. I started walking up and down the warehouse aisles row by row to see for myself.

10 Inventory Management Hacks You Can Do in 10 Days

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Then, this article will show you 10 simple principles that you can use to streamline your inventory management practices right away. 3) Forecast at the right level Standard inventory management textbooks suggested that forecast be done at a product family level.

Optimizing Inventory Management for Online Retail

RELEX Solutions

Online retailers aren’t even physically limited by warehouse space, as not all products need to be stored in their own warehouses. E-commerce inventory management should never be approached as a one-time or even as a periodic decision.

The Supply Chain Detective™ and the Distribution Center Disaster!

Supply Chain Game Changer

Much of the product was sourced from vendors all over the world, most significantly from Asia, where the company had absolutely zero experience in sourcing, supplier management, or logistics. When asked however the Supply Chain Inventory Planning team was confident that we had enough space. I drove over to the Distribution Centre, saw the enormous backup of tractor trailers waiting to get to the docks, talked with the DC leader, and then headed out to the warehouse floor.

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products. The 7 Core Competencies for Optimal Global Transportation and Freight Spend Management. Automated Freight RFQ (Request for Quote) and Contract Management.

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. Source: [link] ). Source: [link] ). Source: [link] ).

6 Trends Affecting Inbound Freight Management!

Supply Chain Game Changer

Successful inbound freight management depends on a strong logistics management program. Shippers need to have a robust set of controls in place, a high-quality inbound freight routing guide , automated tracking technology, reporting capabilities, and much more. Shippers need to understand the trends throughout the industry affecting inbound freight management and how to plan accordingly. Congress Will Affect Successful Inbound Freight Management. Subscribe Here!

What’s the Difference Between Fulfillment and Replenishment?

Supply Chain Game Changer

Aside from the demand planning, customer order management, and supplier order management activities associated with Fulfillment most people traditionally think of Fulfillment in the context of the Warehouse or Distribution Centre. In a Warehouse all of the activities involved in sending INITIAL orders to Customers or Channels are considered Fulfillment. At a very crude level both involve the completion of orders in a Warehouse or Distribution Centre setting. Subscribe Here!

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

Ensure that your warehouse operation is safe. Analyze labor reduction for any warehousing operation. There are Labor Management Software systems that can help manage work in the warehouse. Incentive programs for warehousing employees do work. Try warehouse mobility in your four walls. Productivity increases from wearable voice command tools can increase factory warehouse efficiencies up to 30 percent, according to an article in Supply Chain Management Review.

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products. The 7 Core Competencies for Optimal Global Transportation and Freight Spend Management. Automated Freight RFQ (Request for Quote) and Contract Management.

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

ToolsGroup

Examples of this include expediting with LTL and air freight and costly in-network transfers from warehouse to warehouse–all of which erode profit margins. Usually disruptive events require redefinition and reconfiguring of the supply chain network in order to identify correct allocation of flows and inventory. One US-based ToolsGroup manufacturing customer sources parts from several Chinese and Italian suppliers.

Talking Logistics: PINC and project44 Partnership Commentary

PINC

Here’s more from the press release: Distribution centers, warehouses, and manufacturing plants are looking to improve gate velocity, optimize driver turnaround times, and reduce costs while becoming Shippers-of-Choice. Benefits include improved warehouse efficiency (e.g.,

Guest Blog: 13 things you need to know about freight forwarding

NC State SCRC

He shares some interesting information about freight forwarding, that anyone in logistics should be aware of. Freight forwarding is one of the most widely used methods of international transport for both business and personal use. Freight forwarding companies, like the International Logistics Centre, coordinate the shipment of goods from one destination to another using a range of carriers, including air freight , ocean freight , road fright and, in some cases, railway freight.

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Logistics in 2020: The Future of Road Freight

BluJay Solutions

In a recent white paper , Kewill has looked at the issues facing the global supply chain, and how it may look in 2020, including the future picture for road freight. Road freight represents a major part of most Logistics Services Providers’ (LSPs') strategies. By 2020, the price per barrel of oil will be on average about $150, with much higher peaks possible (source: International Energy Agency Oil Market Outlook 2011).

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. These jobs could involve working in a Warehouse, Distribution Centre, Manufacturing operation, or in an Office environment, or all of the above.

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

Supply Chain Game Changer

A predominant issue is having single, or sole, sourced parts. If the supplier provides materials that can be sourced elsewhere then you have a path to developing a contingency plan. 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. And Supply Chain manages the levels of inventory which can dramatically impact the deployment of cash.

The Next-Generation Warehouse is Built on Data!

Supply Chain Game Changer

The next-generation warehouse will deploy analytics, blockchain, robotics, drones, driverless forklifts, automated storage and retrieval systems, and much more. Each rendition of the next-generation warehouse will build on existing technologies, and these improvements have a common denominator. What’s Wrong with Traditional Warehouses? It is vital to understand that traditional warehouses do use data in some form. Disruptive Warehouse Technologies for Any Company!

Overcome Foodservice Disruptions: Focus on Technology, Service Networks, and Transportation

CH Robinson Transportfolio

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.

‘Supply Chain Opportunities in China’ – 24 juni 2015

Supply Chain Movement

China: from sourcing location to an end market. 12:00 China as a Global Distribution Centre – Manufacturing and bonded warehousing. 13:00 Domestic warehousing and distribution centres in China. Rietdijk, SVP Global Sourcing – Vestas. What service levels can be realistically expected and how to manage reliability in such a fragment road freight market? Rietdijk, SVP Global Sourcing – Vestas. Freight forwarding specifics to China.

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