Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind.

[PODCAST] Why Digital Tools to Optimize Inventory Management Allows Supply Chain Execs to Stay More Strategic at Every Link in the Supply Chain

Cerasis

Hello and welcome back to another episode of “The Freight Project Podcast!” On today’s episode, we welcome Margaret Bendis, US Marketing Specialist for a company called EazyStock a cloud-based software-as-a-solution (SaaS) that optimizes inventory management.

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Supply Chain Visibility: Beyond “Where’s My Truck?”

Talking Logistics

I’ve been an industry analyst for over 20 years and achieving timely and accurate supply chain visibility has always been — and continues to be — a top priority for companies across all industries. The Maturing of the Supply Chain.

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

With the introduction of digital supply chains, the industry is moving into an era arguably on par with the industrial revolution. To deliver business transformation, the gap between company goals and digital supply chain strategy needs to close.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. Figure 1: Definition of the Supply Chain Organization.

Is Inventory Waste or an Asset?

Supply Chain Shaman

Next week is the annual Supply Chain Insights Global Summit , and summit preparation is on my agenda for the weekend. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage.

Best Practices for Inbound Freight Management

PLS Logistics

Every company works to analyze its supply chain costs and eliminate unnecessary costs and processes. Regardless of how complex your supply chain is, every part of it matters, however, not every part of the supply chain is assessed equally.

How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. So what’s the secret of making supply chain uncertainty work for you?

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Lean Inventory: Using Lean Initiatives To Manage Inventory

Cerasis

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. What is Lean Inventory Management? Attributes of Lean Inventory Management.

Lean 342

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. Let’s learn and apply it to supply chain management.

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

ToolsGroup

With supply chain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. Commonly companies will use a “firefighting” response in times of supply chain disruption in order to meet service levels.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

The new CEO embarked on several cost reduction initiatives in conjunction with a number of changes (some may argue too fast and too soon) on how the company operates its freight-trains. This has led to increased costs, not to mention all the inventory stuck in-transit.

Inbound Freight Trends for 2020: A Commitment to Improving Vendor Relations

Cerasis

The leading inbound freight trends for 2020 reveal a stronger push to improve inbound logistics efficiency and lower barriers to inventory management stress. Inbound Freight Trends Inbound Freight Trends

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The Most Reliable Supply Chain…Without Technology?

Cerasis

Of course, we live in a high technology powered supply chain world, but often, as we noted in our 5 Upfront LTL Tips post, if you don’t remember the basics and best practices, no technology is going to fix those issues, but only make them more apparent. Trusting your Supply Chain.

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

You can’t scan the headlines without coming across an article or advertisement about sustainability, but there is precious little information about how supply chain planning software supports green initiatives. Smart inventory planning cranks up manufacturing efficiency.

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

Casey and Paul Vigna – that opened my eyes to bitcoin’s true potential: as a new operating system for supply chain networks. A supply chain blockchain application, therefore, could be used to record the balances and transfers of inventory across a distributed supply chain network.

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What’s new in the automotive supply chain? (Hint: Inventory Replenishment Policies)

The Network Effect

This is an ongoing series of posts on new developments within the automobile supply chain, with examples of best practices. Today I want to explore how automobile suppliers are improving their operations via inventory replenishment policies.

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

A March 11 analysis by trading platform Forex.com claimed that nearly 75% of all companies had already reported supply-chain disruptions, with more than 80% believing that at some point they would experience impacts as a result of COVID-19 disruptions. Supply Chain

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. What Improved Inventory Visibility does. Inventory ties up money.

Inventory Management

LeanCor

I propose three strategies that should get us closer to the goal, but require operational commitment of our supply chain and our company culture as a whole. Inventory Management Strategy. The closer we are to our customers, the less we spend on outbound freight.

What Supply Chain Risks Must Supply Chain Execs Keep Top of Mind?

Cerasis

Risk permeates supply chains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supply chain management, but supply chain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks. While there are thousands of possible supply chain risks in various supply chains, supply chain execs should keep these risks top of mind.

7 Benefits Realized Utilizing Big Data to Optimize Supply Chains

Cerasis

Editor’s Note: This is a guest blog post from end-to- end global supply chain services company, Flash Global. We are excited to feature this company as they deal in the fast moving world of complex global supply chain solutions.

5 Ways to Prepare Your Supply Chain for an Efficient Holiday Rush

OneSCM

Businesses need to be prepared for demand spikes, so what can efficient directors of warehouse supply chains and warehouse managers do to get ready for the holiday rush? Smart supply chain directors collate and make sense of data metrics, using technology to eliminate data silos.

Inbound Freight Collaboration: How a TMS Creates Harmony Between Shippers, Vendors, and Carriers

Cerasis

Today’s supply chains suffer from egocentric mindsets. Organizations are always looking out for number one, and while that remains vital to success, failure to work with other parts of your supply chain will lead to severe consequences. Inbound Freight TMS

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

Cerasis

In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. One of the often missing links, however, in supply chain visibility, is transportation management.

Supply Chain and E-Commerce: How Is E-Commerce Changing Supply Chain Management?

Cerasis

Customer service is more important than ever, and customers expect purchases to arrive at record speeds with free or low-cost shipping, says GlobeCon Freight Systems. As a result, e-commerce will have wide-ranging impacts on supply chain management. Fortunately, the Internet of Things (IoT), big data, and fully integrated supply chain systems have the potential to meet these demands, and e-commerce will effectively change supply chain management forever.

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

Recovering your assets is a difficult task no matter what your occupation with reverse supply chains in the marketplace. Effective Reverse Supply Chains. 4 Core Benefits of Deploying a Reverse Supply Chains Process.

Keeping It Local: How Shorter Supply Chains Impact Supply Chain Planning

ToolsGroup

After decades of longer and more global supply chains, some are becoming shorter and more localized. This trend has important implications to supply chain planning. Contracting Supply Chains. . Ecommerce is also driving supply chain change.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end.

Supply Chain Consulting

LeanCor

Supply Chain Consulting: Distribution Network Design Case Study. A global life sciences company was challenged with high freight costs, high inventory levels and complex processes, delays due to over-processing, and overall lack of delivery consistency.

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

Cerasis

However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. What is it about Supply Chain that makes it such an appealing career path?

9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

Cerasis

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. There should be metrics involved to monitor these objectives to ensure success across the supply chain.

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Top 10 Reasons Why Santa Has The Best Supply Chain

Kinaxis

Here is the ‘Top 10 Reasons Why Santa Has the Best Supply Chain. #1 2 Air freight without the fuel costs. 10 No inventory issues. Comment to let us know why you think Santa has the best supply chain!

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Wearable Technology in the Supply Chain: 3 Core Benefits

Cerasis

Well, this example shows how wearable technology in the supply chain was being used 3 and a half years ago in 2012. Today, wearables are becoming increasingly popular, and these devices have the potential to radicalize the typical supply chain in forward and reverse logistics processes.