Inventory Replenishment Underway

Logistics Trends and Insights

Census Bureau inventory data, for June, indicates the need for inventory replenishment as the seasonal-adjusted sales to inventory ratio declined to 1.37 Total business inventories declined 2.3% for June/May while inventories declined 5.8% Inventory Replenishment.

ERP inventory management – how advanced is your ERP?

EazyStock

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. Does your ERP optimize your inventory levels?

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How You Can Optimise Your Inventory to Save Money

Unleashed

The phrase ‘flushing money down the drain’ can feel like a reality if your inventory isn’t managed properly. Managing inventory can be daunting, but the feeling of losing money because of inventory can be even worse. It’s time to pay attention to what’s going on in your warehouse and make your inventory save money for you. Let’s see what inventory management techniques can help put a few more dollars back into your accounts.

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.

Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic

PINC

While social distancing rules, shutdowns, and high demand for certain product groups are top-of-mind right now, employee and driver safety should also be factored into an organization’s overall pandemic response. live/drop, type of inventory, type of equipment, load status, etc.). There’s no more the need for gate personnel or shipping and receiving office teams to interact with drivers at check-in and check-out.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies. The supply chain is vertically integrated and global shipping almost 2 million units daily. This included monthly reviews between business units and central operations teams and adaptive inventory segmentation policies.

Port Logistics Group acquires e-commerce tech firm Whiplash

EFT

Port Logistics Group , an omnichannel logistics services provider, has acquired Whiplash Merchandising, Inc. The move comes just over a year after Port Logistics Group took an ownership interest in Whiplash: since February 2018, Port Logistics Group has fulfilled more than 1.5 This brings Port Logistics Group’s warehouse space up to 6.3 Port Logistics Group is investing in the technology and software to further drive innovation.

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ABC Analysis of Inventory: Optimize Business Bottom Line

OptiProERP

The most common concern supply chain management experts struggle with is accurately identifying the causes of inventory inconsistencies. If a discrepancy is identified when users pick an item or perform a count, an inventory correction needs to be performed. Every inventory issue has a specific method that can be adopted to resolve it. Perform a recount of the inventory in question, preferably by someone who was not involved in the initial count. Inventory Management

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 Drop Shipping?

Too Much Focus on E-Commerce Shipping Practices? The Important Reminder That Logistics Fundamentals Still Matter

Cerasis

Unfortunately, e-commerce shipping practices, although different from traditional retail shipping, still fall short. Supply chain leaders need to understand why logistics fundamentals will continue to shape e-commerce shipping strategy. What’s Wrong With E-Commerce Shipping Practices? In addition, e-commerce shipping practices must consider labor management, specifically loading and unloading, as well as yard management.

Inventory Reduction: The Path to Supply Chain Management

LeanCor

Inventory Reduction: The Path to Supply Chain Management. Inventory is not only a critical part of supply chain management; too often it is the main cause of a painfully incremental progression toward effective and genuine supply chain management. Reading this article will enable you to see inventory from a perspective contrary to most conventional views defining inventory as an asset. Why can inventory reduction lead to organizational success?

The 3 Guiding Factors For Decision Rules To Greater Inventory Control

Unleashed

Implementing an effective inventory control and planning solution or system is only the first step in optimising your inventory management. Another vital component of this process is the set of rules you establish to speed up inventory control and make it more effective. These decision rules for inventory control are designed to eliminate the uncertainty around the economic environment. An effective inventory system is called the ABC Classification system.

Merchants Market Group Implements Blue Ridge Supply Chain Planning Technology

Blue Ridge

Enables leading Caribbean food service distributor to accurately forecast seasonal demand patterns and precisely align inventory levels at every distribution center. Blue Ridge , a global leader in cloud demand forecasting , planning, replenishment, allocation and analytics, today announced Merchants Market Group will implement Blue Ridge Supply Chain Planning. Blue Ridge leadership believes the team at Merchants Market Group is poised for greater success. “We’re

22 warehouse pros share the biggest mistakes made with inventory management (and how to avoid them)

6 River Systems

Managing warehouse inventory, on its face, seems a simple concept: Keep enough stock on hand to fulfill orders, but not so much stock that your warehouse is filled to the brim with inventory that won’t move for months (or years).

How to Calculate Inventory Turnover

Unleashed

Inventory management is a critical function of any business, with drastic implications on profit margins. Inventory turnover is a key formula that’s often discussed in the context of inventory management efficiency, and crops up in most types of inventory report.

ERP System to Help Improve Your Pick, Pack, and Ship Activities

My Office Apps

How an ERP System Can Help Your Pick, Pack and Ship Activities. Read on for some essential tips on how to improve your warehouse and shipping activities. Traditional product placement layouts, such as grouping products based on the manufacturer or the type of product, are largely inefficient and time-consuming. By placing the frequently picked products closer to the shipping area, warehouse staff can easily and quickly pick the items on demand.

Do You Have a Proactive Supply Chain Design or a Reactive One?

Talking Logistics

Thankfully, digitization of inventory and technology like real-time shipment tracking from 3PLs are taking the pinch out of switching for these companies. While civil unrest could slow down production or shipments in a foreign country, natural disasters can accomplish just as much shipping disruption in North America. Even Canada, a country that’s not exactly famous for shipping disasters, was virtually cut in half by a single unexpected bridge collapse in 2016.

What Your Inventory Can Tell You About Your Promotional Strategies

Cognira

Below are some thoughts about promotions from the POV of an Inventory Manager. Inventory Managers can see that there is no turning back time on the discount clock. Why do Inventory Managers care? It’s harder to move inventory through the supply chain quickly in response to sales. Free shipping on orders over $50 $20 off when you buy $50 40% off marked items, today only! How does this impact Inventory Management?

What Your Inventory Can Tell You About Your Promotional Strategies

Cognira

Below are some thoughts about promotions from the POV of an Inventory Manager. Inventory Managers can see that there is no turning back time on the discount clock. Why do Inventory Managers care? – It’s harder to move inventory through the supply chain quickly in response to sales. Free shipping on orders over $50. $20 How does this impact Inventory Management? What burden does this place on Inventory Management?

This Week in Logistics News (May 13-17, 2013)

Talking Logistics

Here is a quote from the press release: “The weak cargo increases expected over the next few months are consistent with other signs that the economy is slowly improving but show that retailers remain cautious, especially when it comes to stocking their inventories,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We’re In related news, Maersk downgraded its forecast for ocean shipping demand.

This Week in Logistics News (September 29 – October 3, 2014)

Talking Logistics

The MetaPack Group Acquires U.S. Shipping Vendor ABOL Software to Help Retail Customers Drive International Sales. Shipping startup Shyp comes to New York and soon Miami (VentureBeat). UPS, FedEx Want Retailers to Get Real on Holiday Shipping (WSJ – sub. Here’s an example from the press release: A fashion retailer can now set a rule to delay offering inventory available for sale online that is selling well at full price in certain stores.

Ocean Shipping Trends: What to Expect in 2019

CH Robinson Transportfolio

This has been an interesting year for the ocean shipping industry. 2019 Ocean Shipping Trends. We saw tariffs and retaliatory tariffs enacted, leading many importers to ship earlier than normal to avoid paying higher tariffs. Besides front loading their shipping to avoid tariffs , importers are accelerating supply chain diversification by moving toward Southeast Asia. Ocean Shipping Technology. What a difference a year can make!

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The Next Great Disruption Coming to Supply Chains

Kinaxis

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Sure, we’re concerned, and in some cases stocking more inventory at local distribution centers. Then, they go to the retail store, scan the barcode to check inventory, price, and promotions in their 10 mile radius. Then, they check online for deals and shipping dates.

Best Practices for Scanning Warehouse Inventory

Vinculum

Clients expect their warehouse operators to provide reporting of the status and location of every inventory item and order at all times, even after handoff to the shipping carrier. Share Real Time Inventory Visibility through a Client Portal.

A Contrarian View – Embracing Ship-from-Store is Bad for Business

BlueYonder

JDA’s annual user group conference was just two months ago, and at this event I had the opportunity to sit in on a particularly interesting breakfast meeting. The meeting touched on some “vision” topics in retailing and an industry analyst that I was sitting next to, Greg Girard from IDC, offered a statement along the lines of “retailers should try to never ship from the store.” Is my strategic approach going to be to double down on ship-from-store capabilities?

Preparing for the Future of Supply Chains

Talking Logistics

On-demand manufacturing, ordering, shipping, and even custom creations are the final frontier for impressing jaded customers; speed and precision are more important than ever before. Interfaces like augmented reality available through wearable devices as well as phone apps can make everything from browsing to price-checking to inventory visibility a breeze.

Three Ways Material Handling Equipment Is Changing with Rise of E-Commerce

Talking Logistics

With more and more brands looking to develop their e-commerce capabilities, their needs for moving and handling inventory are shifting as well. As two-day shipping has quickly become the norm in e-commerce, data collection to increase awareness into costs and efficiency is critical. Guest Commentary Guest Commentary - Kenco Group Robots Warehouse Management business intelligence ecommerce Kenco Group material handling equipment MHE omnichannel

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5 More Common Sense, Yet Often Forgotten Basics for Less Than Truckload Shipping

Cerasis

A few months ago we wrote a tongue in cheek post about 5 Upfront Tips you can do to save on less than truckload shipping (a capitalization of Less than truckload). We say “tongue in cheek” because when we have distributed some of the fundamental and basic best practices around tips when shipping LTL, experts in social media, primarily LinkedIn Groups, would state how rudimentary, 101, or basic the tips were. LTL less than truckload shipping

Ocean Shipping Trends: What to Expect in 2019

CH Robinson Transportfolio

This has been an interesting year for the ocean shipping industry. 2019 Ocean Shipping Trends. We saw tariffs and retaliatory tariffs enacted, leading many importers to ship earlier than normal to avoid paying higher tariffs. Besides front loading their shipping to avoid tariffs , importers are accelerating supply chain diversification by moving toward Southeast Asia. Ocean Shipping Technology. What a difference a year can make!

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The Convergence of Logistics and Commerce (and Social Networking Too)

Talking Logistics

According to the article: Symphony, which helps companies like Gatorade and Hershey’s manage their web business, is doubling down on its logistics services [emphasis mine], by helping these brands enable faster shipping. With order management tools and a network of warehouses , Symphony says its offerings will make it easier for large companies to provide two-day shipping or even same-hour delivery in major metropolitan areas.

What is SKU? A complete guide to Stock Keeping Units

Unleashed

SKU codes are everywhere – built into sales and inventory management platforms, and broken down line-by-line in all sorts of inventory report. The process is sometimes also referred to as inventory optimisation, or product optimisation. Improve inventory forecast accuracy.

The New Value Equation in Contract Logistics

Talking Logistics

That was the main question I addressed with Greg Boring, VP of Sales at Kenco Group , in a recent episode of Talking Logistics. Gone are the days where a customer could hire a 3PL and as long as the provider was receiving and shipping their product and doing an okay job they could fly under the radar. 3PL Episode Highlights e-commerce Kenco Group logistics outsourcing procurement supply chain visibility

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

Groups throw-out concepts. I was at a customer last week that shipped to distributors and did not know the site of customer facilities. For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory. Groups rally around the concept of real-time. Here I smile, and I hope that groups take pause.). We finished dinner. I pressed my neatly folded napkin to my lips.

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This Week in Logistics News (September 3-7, 2018)

Talking Logistics

The New First Moment of Truth: Can We Ship It Profitably? In this age of free shipping, it seems that for online orders, there’s a new first moment of truth: can we ship it profitably? At least that’s the case for Walmart, which according to an article in the Wall Street Journal , “has begun telling online shoppers that some products in its warehouses are ‘out of stock’ after the retailer changed its e-commerce systems to avoid orders deemed too expensive to ship.”.

Global Trade Networks Create a Single Version of the Truth for Retailers

Talking Logistics

Drop shipping is becoming more and more popular among retailers as the “Amazon effect” creates intense pressure from customers for quick delivery. Retailers are willing to take the risk associated with releasing the inventory management and fulfilment process so product moves faster. So what are some of the benefits of drop ship as a method of fulfilment? . Drop ship offers the retailer the ability to offset an extended product offering without having the space to store it.

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