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SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Source: Dictionary.com. 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. Platitude: a flat, dull, or trite remark, especially one uttered as if it were fresh or profound.

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.

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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.

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.

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. Sometimes, to chase demand, we have to use alternate sourcing, which increases costs and strains the supply chain. Free shipping on orders over $50. $20

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.

Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

Groups throw-out concepts. While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. 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.

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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. Source: Symphony Commerce website.

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? Previously, the retailer would ship those items, regardless of distance or shipping cost.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. This is number 15 in a series that looks critically, industry by industry, to understand relative improvement of peer groups on the Effective Frontier.

How To Keep Your Supply Chain Moving Fast as Fuel Costs Rise

Elementum

In today’s blog we’re taking a look at what this means for shipping costs, and how retailers can fortify their operations against price hikes. Why are shipping costs growing? But the largest source of cost increases for most companies have been driver wages and benefits.

It’s About Time for a new “World Class Supply Chain” Paradigm

NC State SCRC

As a young assistant professor at Michigan State University in 1992, I was part of a group called the Global Procurement Benchmarking Initiative. This was the first intelligent database system at the time that allowed me to look at a “deck” of the current buy for a commodity group for our production buy. I started by looking at no more than 10 commodity groups, and looked at the production buy across these commodity groups.

[How to] Overcome the Impact of Covid-19 and Scale Your Retail Business

Vinculum

Source: McKinsey & Company COVID-19 US Consumer Pulse Survey. Source: McKinsey & Company COVID-19 US Consumer Pulse Survey. Source: McKinsey & Company COVID-19 US Consumer Pulse Survey. There are many options available to ship-from-store.

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Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

These are a la carte, or per service, and outside of standard shipping and receiving. Carriage — In maritime shipping, carriage refers to the movement of cargo on a vessel after loading and before unloading. Class (Freight Class) — A group of commodities that are bunched together under a specific based on similar dimensions or other attributes. Collect Shipping — A type of billing that charges the consignee with freight costs rather than the consignor.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

To accomplish this goal, I ask a cross-functional group to audit the past year. As a group, we drill into root issues. ” Or alternatively, “Is there data that could be sourced to help?” Most companies cannot get to data by customer on orders shipped incomplete to understand root cause analysis. Many times useful data exists in marketing or sales groups, but is not shared with the supply chain team. inventory turns.

Building Value Networks. Stopping the Backward Slide.

Supply Chain Shaman

Like a rocket ship traveling to Mars, a new press release popped into my email each day. GXS purchased Inovis, OpenText purchased GXS, Descartes Systems Group purchased numerous assets to form the GLN (Global Logistics Network), and TrueCommerce purchased Datalliance. (If

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How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp., Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov.

Four Reasons Why You Should Be Using Transportation Management Software

GTG Technology Group

A TMS allows organizations to integrate current warehouse inventory with incoming shipments and outgoing orders. Often, they can use the same technology to contact another preferred carrier in the region and get the shipment back on track to its destination, without having to return to their shipping facility. Transportation management systems reduce expenses, improve inventory management, integrate technology and simplify the customer service process. Sources: [link].

How is COVID-19 Bringing a Drastic Change in Trend for Ecommerce Industry?

Vinculum

In fact, as mentioned by Selics in its most recent survey, brands are facing shipping issues but more than 28% of respondents continue to say sales are going up for some eCommerce based brands. Shipping updates keep your audiences informed, helping in brand management and visibility.

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Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. As a group, these metrics have the highest correlation to market capitalization. Inventory Turns.

What Changes is the Coronavirus Bringing to eCommerce?

Vinculum

Shipping agencies may encounter the ultimate burnt due to inadequate stocks or inventory. This would lead to a direct impact on shipping agencies and this will make out of stock situation for most of the consumers hence consumers trend will be in a declining trend. Look out for Alternate Supplier Sources. appeared first on Vinculum Group. The COVID-19 pandemic has disrupted and impacted the daily lives of citizens in an unparalleled manner.

The Origins of Category Management

Supply Chain View from the Field

I was involved in inventory control area on what they used to call “residual parts”, which were leftover parts that you ended up trying to sell into the service parts organization. Chrysler didn’t have the leverage that Ford or GM did –and so they leveraged it and got them to drop ship steel directly into the suppliers. I blew out all the part codes out into an alphabetical listing and arbitrarily adopted a simple language to group the parts.

Justifying Investments in Risk Avoidance

Supply Chain @ MIT

Insurance companies face this issue when selling disruption insurance, or when trying to convince manufacturers to reduce both the likelihood and impact of business interruptions through measures such as increasing inventory levels and developing alternative suppliers. The strategy incurs higher costs in terms of capital expenditures, labor, and inventory, but the payoff is superior service. This supported an extremely lean build-to-order operation with minimal inventory.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Successful collaboration will result in several benefits – reductions in lead times, improved in-stock fill rates, improved forecast accuracy, and increased inventory turnover.

5 Strategies for Retailers to Combat the Coronavirus Impact

Vinculum

Given the uncertain situations due to COVID-19, customers might be reluctant to buy status-quo products and might refrain from ordering products online anticipating the shipping delays. Sourcing stock to meet customer demand is unarguably challenging in the recent times as factories/production houses continue to be quarantined. It is also highly essential to avoid the scenarios of excess stock, deadstock and excess inventory replenishment.

6 Ways to Overcome COVID-19 Impact on eCommerce Businesses

Vinculum

While large enterprises might have alternate inventory options or may seek alternative suppliers, small and medium businesses are bound to get the brunt of the disrupted supply chain. The lack of enough inventory or stocks are going to have a direct impact on the shipping domain as well. Look out for alternate supplier sources. The post 6 Ways to Overcome COVID-19 Impact on eCommerce Businesses appeared first on Vinculum Group.

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How to Adapt Your eCommerce Business to the Coronavirus Pandemic

Vinculum

Or, send out offers like free shipping fees or great deals! However, now is a great time to build on other sources of income like: Hosting digital events. The post How to Adapt Your eCommerce Business to the Coronavirus Pandemic appeared first on Vinculum Group. Sell on Marketplaces Globally Automated Catalog Listing Inventory & Order Management Brands Multi-brand Retailers Marketplaces Industry Insights eCommerce Online Business Corona Virus Covid-19

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VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

To meet the criteria for The Supply Chains to Admire for 2016, companies needed to score better than their peer group average for performance metrics, while driving a higher level of improvement than 2/3 of their industry peer group. We first calculate The Supply Chain Index to measure supply chain improvement for an industry peer group. A ranking in the top 2/3 of the peer group qualifies a company for further analysis. Inventory Turns.

Exploring the Eight Layers of Matrix Retail

Supply Chain Network

Beyond this, the capability to over time follow and move with groups of consumers as they migrate to new social platforms will be key to sustainable relationships and success. Just a few of the key questions in the Sourcing & Deployment component of Matrix Retail. Sourcing options for products continues to evolve with direct to consumer shipping from offshore sources challenging even established players like Amazon and Walmart.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more. Source ID. It will allow for the automation of more complex warehousing tasks, such as unloading shipping containers and picking packets or individual e-commerce orders.

Florence Et Al.

Supply Chain Shaman

To prepare, stratify your suppliers into strategic, single source and high volume flows. Attempt to find alternate sources from geographical areas that are not projected in the path of Florence. Thirty percent of companies have supplier development groups.

2020 Requires Big Wings and Feet

Supply Chain Shaman

The discussions are with groups of executives—often ex-management consultants. Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. Companies that directly connect financial data to supply chain data without creating a feasible plan at an item/location level rate themselves significantly lower on S&OP effectiveness creating higher costs, levels of inventory and order short shipments. It has been awhile.

7 Characteristics of A Best In Class Supply Chain

Cerasis

Furthermore, the use of such data can be applied to creating verifiable forecasts for needs in inventory. Inventory Optimization. Inventory optimization relies on accurate, precise forecasts for needed items. However, it also requires an extensive evaluation and rapid identification of sudden changes in the market, which will impact manufacturing, shipping, and all other aspects of the supply chain process.

Supply Chain Leaders Prepare For The Long Haul. Caution: It Will Be Gray.

Supply Chain Shaman

While my town in Pennsylvania is releasing restrictions, and people are starting to gather again in large groups, I say, “We cannot be too careful.”. Supply chain management as a discipline—a set of flows combining the processes of source, make and deliver together to drive value– is relatively new. What was the cost of sales for the products shipped? How did the changing mix of the orders shipped change inventory buffers at suppliers?

Wanted: Supply Chain Architects!

Supply Chain Shaman

I knew nothing about the world of logistics, inventory management and order optimization. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. The focus in supply chain groups was not on how to design the operations so that they were more effective; instead it was about the use of best practices to maximize the value of what we had.