Remove Groups Remove Inventory Remove Sourcing Remove Transportation

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

Editor’s Note: Cerasis is a 3PL focused on transportation management. 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. Each blog post written is distributed into groups that reach the supply chain community as well as professionals in manufacturing, transportation, distribution, and more.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on. Gaining end-to-end visibility across your transportation processes delivers: $32.00 in Freight Cost Savings Per Shipment: Logistics Sourcing activities improve negotiated rates.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. Transport.

Winning the Inventory Battle in the Consumer Products Industry

Logility

Depending on the source, it is widely reported that anywhere from 50 to 85% of new products fail to achieve success. From a supply chain standpoint the battle for new product profitability relies largely on two key capabilities, developing accurate new product forecasts and optimizing new product inventory. reduction in finished goods inventory (days). reduction in transportation costs (percent of sales). Capability 2: Optimize New Product Inventory.

4 Challenges in Global Transportation Management

3rdwave

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. Transportation Cost Management. However, where transportation management traditionally focused on the basics of moving “boxes” or “packages”, today it is much more strategic. Transportation information is foundational to managing any global supply chain.

Four Reasons Why You Should Be Using Transportation Management Software

GTG Technology Group

Adopt Transportation Management Software Today. Transporting goods seems straightforward, but to the experienced professional, it’s a complicated balance of success, unforeseen circumstances, and problem management. Keeping track of the entire system requires a small army, unless a company installs transportation management software (TMS). Here are the top benefits of adopting the latest transportation management software. Sources: [link].

Looking For a Job? Here’s The Top 10 Transportation Jobs

Cerasis

Editor's Note: Today's blog comes from our friend Michael Stoddard who shares the top 10 transportation jobs in the industry. If you happen to find yourself searching for careers in logistics, transportation and supply chains, you'll be happy to know that there's no shortage of positions. Getting into transportation is a different topic entirely, one that demands a separate, more intricate look. Transportation Manager. Inventory Managers. Transportation

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 the Greenfield optimization approach doesn’t consider aspects like building capacities, inbound costs, transportation, or sourcing policies, it does offer a smart recommendation for the optimal amount and placement of your distribution centers. Eric Robinson is a Senior Project Engineers at Kenco Group.

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

Talking Logistics

Here I am doing my standard Talking Logistics intro through one of my favorite filters: How awesome would it be to discuss blockchain or the capacity crunch in transportation using this filter for an entire episode? Lanehub Adds Backhaul Assist to Collaborative Transportation Network.

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. 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. However, to use these data sources, we must break paradigms and focus on the use of non-relational techniques.

Data 266

How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

Too many companies get locked into traditional processes and a familiar vicious cycle: unable to reliably forecast an increasing number of SKU combinations, they load up on inventory to accommodate long-tail, erratic demand. This invariably leads to extra freight costs and excess and obsolete inventory that either needs to be written off or sold at a heavy discount. achieving the same overall customer service level objective with far less inventory expense.

How To 191

Food and Beverage Industry Reevaluating Strategies to Combat Coronavirus

USC Consulting Group

“After speaking with the EU and Canada about impacts to their dairy industries, we must prioritize the safety and availability of our workforce, ensuring transportation routes remain open, and providing a viable market or market alternatives for our nation’s dairy products.” Inventory management more of a priority. USC Consulting Group can help you make productivity improvements and learn from experience so challenging times can lead to opportunities for growth.

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

Talking Logistics

I haven’t been briefed yet by Symphony about its Fulfillment as a Service offering, but the graphic below from its website illustrates the main components: a network of warehouses coupled with inventory and order management tools and APIs. Source: Symphony Commerce website. 3PL Supply Chain & Logistics Trends Supply Chain Technology Trends Descartes Systems Group e-commerce JDA Software logistics Symphony Commerce

How BT is Building a Connected Supply Chain Amidst Ongoing Transformation

AIMMS

We spoke with David Mackenzie , Transformation & Inventory Director at BT, to learn more about this shift and the role AIMMS has played in enabling it. The other part of my role is supporting the inventory management functions within BT Group, driving decision-making around what we buy, when we buy, and where from. Our inventory managers work with demand and supply forecasting across our business. It has helped us dynamically optimize our engineer sources as we go.

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.

TMS: The Mighty Software What Is TMS and How Does It Work?

GTG Technology Group

Transportation management system/software (TMS) is a system of management for supply chains to aid in the movement of goods. Each type has its pros and cons that could make it right or wrong for the specific needs of the individual or group. The better side of this idea provides important delivery, inventory, and cash flow aspects to businesses and drivers. Another way TMS works well with companies and their drivers is by lowering their inventory requirements.

Still Managing Exceptions Manually? How a TMS Can Help

Talking Logistics

In the good old days, your transportation management system (TMS) could manage nearly all of your transportation workflows. The heart of this exception management is extended visibility into your transportation execution.

Ohio 102

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.

Software is Not Enough: SAP and Descartes Partner on TMS Connectivity

Talking Logistics

That is one of the most important, yet often overlooked, questions shippers should ask before implementing a Transportation Management System — specifically if they’re implementing a traditional, behind-the-firewall solution. These services will leverage the transportation information created by SAP TM and provide filing status updates to SAP TM for improved shipment visibility. Where to Find Supply Chain Innovation (Source: Adelante SCM).

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: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp.,

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. The technology group wanted to implement SAP IBP, and the business leaders were resistant.

Building Value Networks. Stopping the Backward Slide.

Supply Chain Shaman

GXS purchased Inovis, OpenText purchased GXS, Descartes Systems Group purchased numerous assets to form the GLN (Global Logistics Network), and TrueCommerce purchased Datalliance. (If I lovingly call this group the network wannabes. In the 1980s, I had a flip phone. (On

Taiwan 237

Integrated Planning: Is It Rubbish? Be Careful What You Ask For….

Supply Chain Shaman

I find most companies are good at pockets of planning–demand planning, supply planning, transportation planning, material planning or plant scheduling, but the flows are not connected. Each are good at localized planning within a focused area of demand, supply, network design, transportation planning, material sourcing or finite scheduling. The greatest value happens when companies can link across source, make and deliver.

Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

While many companies attempt to improve the response by being reactive on traditional data sources, this is not the answer. The planning engines serve a well-defined group of business users, but there are not connected to an adaptive strategic model or a set of cross-functional processes.

AI This. Not So Fast.

Supply Chain Shaman

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). I define supply chain excellence as year-over-year performance better than the peer group on this balanced scorecard. Orbit Chart of TJX Versus Peer Group for the Period of 2010-2019.

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. This impacted transportation costs, resins, chemical feedstocks, and a whole bunch of other areas. I blew out all the part codes out into an alphabetical listing and arbitrarily adopted a simple language to group the parts. They would bid and source only part at a time!

The Business Case for a Global TMS

3rdwave

Demands on the transportation teams are growing as political posturing ramps up causing rapid disruption to global supply chains. A global TMS solution provides an automated and systemic way of addressing the challenges that are the reality for most organizations that source globally. Understanding how the global TMS solution addresses these 3 organizational groups is important in getting to the value that the solution will deliver. 3rdwave Transportation

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

While there are a few stalwarts helping in the redefinition of B2B in the Network of Networks Group—BASF, Corning, Dow, Evonik, P&G, Schneider Electric and HMD Global—most are sitting back and waiting. Most are clueless about driving a better-planned order flow from tactical planning to procurement or transportation planning or how to improve forecast-value-added (FVA) processes. For example, demand planning does not flow to procurement or transportation.

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

The Logistics & Supply Chain Management Society

GCC chemical industry is not immune to global trade fluctuations, transportation constraints and escalating competition, elevating the importance of supply chains to improve the bottom line. Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Supporting localisation – To increase resilience, means to decentralise sourcing.

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

He is an industrial engineer with a diploma in transportation and logistics from the University of Applied Sciences in Bremerhaven. The composite of metrics includes growth, operating margin, inventory turns and Return on Invested Capital.) In the analysis for the 2016 Supply Chains to Admire , 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.

This Week in Logistics News (July 20-24, 2015)

Talking Logistics

This carton-level tracking complements shipment-level tracking and helps pro-actively identify potential inventory replenishment for each store, reduces theft and claims for lost cartons, and streamlines shipment payment. Sourcing and Procurement : Assessing current sourcing practices and procurement processes across all categories of indirect spend and then executing work to optimize controlled spend, perform category management and build capabilities for continuous improvement.

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

Elementum

But the largest source of cost increases for most companies have been driver wages and benefits. To optimize inventory and storage, identify and eliminate open spaces to make use of available floor-space and increase storage density.

Something for Everyone: TMS, the Everything Software

GTG Technology Group

This system makes it easier for a company to keep track of their finances, inventory, deliveries, and freight companies through one easy program. Allowing for freight management and payment, customer service advancements, financial organization, inventory numbers, and warehouse production, this product serves every business to the fullest. Inventory and warehouse production, which go hand-in-hand, is the next important piece of TMS. Sources: [link].

Rethink your Business Strategy by Rethinking Your Supply Chain

CH Robinson Logistics

Robinson’s integrated solutions—create end-to-end international supply chain solutions that generate visibility and enormous value: Internal group alignment. Going beyond just transportation, integrated warehousing and distribution services help improve customer service, increase customs compliance, build consistent stability, and provide comprehensive business intelligence (all while mitigating inventory and moving costs).

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

The Logistics & Supply Chain Management Society

This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks. 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.

UAE 141