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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. I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Here are just a few of the sustainability benefits.

Transport Management System: Making your Logistics Supply Chain Successful

20Cube Logistics

TMS (Transport Management System) is one such automation that is helping manage and automate the operations by providing visibility into the transportation activities. Better inventory management : Manage orders and shipments in real-time.

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Utilizing a 3PL to Apply Transportation Management Best Practices For E-Commerce

Cerasis

In the age of e-commerce, maintaining the status quo will result in failure, disgruntled customers and added expenses, but shippers that leverage 3PL resources to apply transportation management best practices for e-commerce , as listed below, can navigate the issues that arise in e-commerce and achieve sustained profitability. As a result, shippers must understand the transportation management challenges in e-commerce. Lowered freight spend.

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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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. I believe that you're going to see sustained push to e-commerce. Inventory management, evolved.

4 Benefits Shippers Realize when Transportation EDI is Utilized in a TMS

Cerasis

As a shipper in today’s growing market, there are many advantages to shifting to the use of transportation EDI with your transportation providers or 3PLs. If you are unfamiliar with the concept of EDI, read our first post in this series on what is EDI in transportation and how it works , but as a quick recap, essentially, EDI takes human interaction out of the equation completely, and lets technology take over.

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). To maintain your role in the global market, you need to understand how 3PLs contribute to an improve transportation networks. Greater Supply Chain Savings Thanks to Transportation Management. Why Do Supply Chains Need Transportation Management?

Why Reverse Logistics Systems and Transportation Management Should Be Considered Together

Cerasis

Companies that integrate reverse logistics systems into their logistics systems distinguish themselves from competitors in: effective management of inventory availability and cost. In the interest of both, businesses are increasingly tying reverse logistical operations to transportation management as a natural fit. Many companies now outsource transportation, accounting, logistics technology, accounting, and other systems management.

[e-Book] How To Shift From Tactical To Strategic Logistics and Transportation Management To Create A Competitive Advantage

Cerasis

We release our second e-book today by focusing on strategic logistics and transportation management creates a competitive business advantage for shippers. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. This is especially relevant for third-party logistics and transportation management service providers, whose service fee is based on reducing cost and streamlining the shipper’s supply chain.

ScottsMiracle-Gro Improves Distribution System in Sustainability and Customer Service

Supply Chain Network

This effort reinforces our belief that we can simultaneously grow our business in a way that supports our commitment to becoming a more sustainable company,” Swihart stated. By consolidating the shipment of bagged fertilizer and growing media goods into regional on-site warehouses, the Company has been able to: • Maximize truckload space, reducing overall delivered mileage and transportation costs. Improve inventory turns at retail by reducing fertilizer order minimums.

What’s the ROI Of Transport and Logistics Providers & A TMS?

Cerasis

Much talk about sales, automation and improved processes dominate the conversation when considering outsourcing logistics processes to a transport and logistics providers or using a 3PL-based transportation management system (TMS). Often, the transport and logistics providers' reps claim initial returns may be as high as 25 percent, if not greater. There are many benefits that accompany the use of transport and logistics providers and their TMS systems.

Idahoan’s Journey to Achieving Sustained Transportation Savings [Episode]

Talking Logistics

Cameron Kelsey, Transportation & Inventory Manager at Idahoan and Mike Regan, Co-Founder and Chief of Relationship Development at TranzAct discuss the following questions and more in this timely and informative episode: Cameron, what were some of the transportation challenges or goals you wanted to achieve? Cameron, what were some of the key features or capabilities you were looking for in a transportation management solution (TMS)?

Supply Chain and Logistics Predictions for 2016

Talking Logistics

more near-shoring and larger, less frequent shipments to minimize transportation costs). How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Will interest rates continue to climb in 2016, and if so, what impact will it have on inventory levels?

Navigating inventory through the eye of the COVID storm

EFT

This might be diversifying locations for holding stock, production facilities or modes of transport, or all of the above, as COVID-19 has shown that there are significant costs and complications to suddenly being over-reliant on any one link in the supply chain.

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Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. Targets for 2030 Include: Improve freight system efficiency 25 percent by 2030. California Sustainable Freight Action Plan.

How Transportation’s Role is Changing in Today’s Market

CH Robinson Transportfolio

Many would argue that the role of transportation services within business has been changing over the past few years. But I also ask: is transportation what has really changed? Or is transportation only becoming increasingly important because of everything else that has changed? Those are the true influencers driving change in our industry—and on transportation services. This customer realized that it is time to change how they think about transportation.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory. Firstly, many companies are reaching more advanced levels of maturity in sustainability and greening the supply chain. Meanwhile, more third-party agencies and organisations, including governments, are pushing the sustainability agenda. It’s time to start looking ahead again.

Is Hyperloop the Next Great Supply Chain Technology?

Kinaxis

Hyperloop is a theoretical transportation technology, a long-awaited “fifth avenue” of transportation that uses vacuum tubes and linear induction motors to shuttle pressurized air capsules along a track, using a lack of friction to achieve speeds as high as 700 mph (approx. The idea of tubes whisking freight across the land at near-supersonic speeds smacks of an old-school image of the future.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

This regulation will see the largest reduction in the Sulphur content of the transportation fuel under taken at any time in the history. This regulation will be implemented from 1st January 2020 and it is a major step towards Sustainability. Under this regime, the primary responsible party in the freight market will be the vessel owner or operator. This has been done to curb pollution and make the industry greener and world more sustainable. Subscribe Here!

PINC and project44 partner to deliver the next generation of yard automation and predictability

PINC

At the enterprise level, the data exchange between PINC and project44 will enable shippers to improve shipment velocity, enhance sustainability, reduce accessorial charges, and manage carrier contracts and transportation budgets more effectively.

Industry Commentary: American Shipper Global Transportation Benchmark Study

Supply Chain Nation

American Shipper recently released its annual benchmark report entitled “ Global Transportation Management Benchmark Study: Climbing the Visibility Sophistication Ladder.” When looking at other aspects of transportation process such as consolidation and routing opportunities, the measurement is quite simple. In this context, value is driven through increased sales, reduced inventory and improved margin attainment.

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

Supply Chain Game Changer

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. And Supply Chain manages the levels of inventory which can dramatically impact the deployment of cash. Inventory Performance. Sustainability. Subscribe Here!

Insights from Ryder Innovate 2014

Talking Logistics

The value of peer-to-peer learning and networking was evident at last month’s Ryder Innovate conference — “an exclusive gathering of senior leaders in transportation, logistics, and supply chain seeking strategic insight, new ideas, and thought leadership to improve their supply chain and fleet operations.” Greg Forbis, Senior Director, General Merchandise, Inbound Transportation, Walmart Stores. Walmart Supply Chain and Transportation Trends for 2015.

The Unique Challenges Inventory Management Poses to the Restaurant Industry

Unleashed

Restaurants are arguably one of the most challenging businesses in which to control inventory; the fundamental nature of supply, demand and the products themselves set them up for a fickle inventory ride. They are governed inevitably by seasonal availability and subsequent pricing, trends and individual palates, health and safety compliance, the pressure to be more sustainable, and then of course, shelf lives of highly perishable items. Transport. Sustainability.

TMS Systems: The 3 Core Areas & 9 Main Features to Expect Upon Evaluation

Cerasis

Efficient management of transportation plays a major role in determining the success rate of an organization’s distribution system. Transportation incurs massive cost to the company thereby making the company strive hard towards achieving maximum returns on investment. Often, the deployment of transportation management software systems or TMS systems is a great aid in reducing overall hard and soft transportation costs.

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Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

Such providers understand domestic transportation issues, and can plan to develop long-term solutions to complex local distribution challenges. Another major source of risk is the unreliability of global logistics channels, especially the challenges associated with ocean freight lines, which are becoming increasing unreliable. 2013 has certainly been an interesting year!

Discovering the Power of Distributed Logistics

Supply Chain Network

The definition I’m running with currently is below, but this rapidly emerging concept continues to evolve literally as we speak: ‘A fully integrated and optimized network of two ore more fulfillment centers operated in unison to increase sales and customer delivery service levels, which minimizes transportation costs and maximizes inventory optimization’ ~ Jeff Ashcroft. Saves costs of transportation by leveraging more local ground deliveries.

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. Reviewing rates and service providers every 12 months allows for better alignment of shipper and provider networks for long-term, sustained pricing levels.

7 Important Tips to Optimize Your Freight Management

AFFLINK

Your business is often only as strong as its freight management. Better freight management can make it possible for you to save money, improve your day-to-day operations, and increase your reputation with those you ship to. Meanwhile, poor freight management cuts dramatically into your bottom line and can vastly reduce your effectiveness. Here are a few important tips on how to improve your freight management. It's not easy to optimize freight management.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. For every node of the supply chain this means that there is transportation, movement and handling, inventory, and production and over, or under production.

Adelante SCM and PINC Launch the First Annual State of Yard Management Report

PINC

This year’s report focuses on the impact of digital yard management on enterprise transportation costs and capacity. The report brings clarity to key industry questions such as How important is having digital yard management capabilities in helping you achieve transportation objectives?

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Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A significant paradigm shift in procurement and inventory control is an emerging area of focus.

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Looking Back on a Fulfilling Career in the Transportation Industry

CH Robinson Transportfolio

Robinson in September 1979, he has seen tremendous change in the transportation industry. Contract carriers operated exactly as the name implies: They contracted with up to seven customers to transport specific commodities in specific lanes. These fleets were owned by companies to transport their products to the end user. The spirit of the definition of an exempt commodity was anything that was time sensitive—like produce, which cannot sustain a long transit time on a truck.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Mission Critical and Strategic Inventory Positioning. Inventory can often be one of the biggest assets in many companies, spanning multiple channels and tiers, and being the biggest determinant of cash flow and return on investment. As such we have had decades of philosophy associated with lean inventory management, just in time delivery, and inventory minimization. This Supply Chain mapping must also include your transportation service suppliers.

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