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Lean Warehousing

LeanCor

Lean Warehousing – From Paradox to Operational Excellence. A conversation and exclusive interview with Tonya Vinas, B2B writer and editor, and Robert Martichenko, CEO, LeanCor Supply Chain Group. Before we start talking about Lean Warehousing, can you tell us a little bit about LeanCor Supply Chain Group? Relative to our topic today, Lean Warehousing, is it a big part of your operations? Robert: These are the reasons we need warehousing in the first place.

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Need for warehouse in logistics

Vinculum

Warehousing is a crucial piece of your supply chain. Whereas it’s not the sexiest of subjects, storage and inventory storage affects everything from efficiency managing inventory to obtaining orders delivered to customers on time. Outline of the role of the warehouse.

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26 Best Practices in Lean Warehousing

LeanCor

Many people may think the term “lean warehousing” is an oxymoron. Let’s face it, most lean purists believe that all transportation and warehousing functions are pure waste. The fact is, particularly with the growth of the global supply chain and extended lead times, lean warehousing is necessary and plays a critical role and must be integrated into the entire supply chain. In the absence of this visibility, warehouse operators will simply be reacting to day-to-day activities.

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3 Types of Warehouse Management Systems

Vinculum

It is essential to accelerate a Warehouse Management System to run any 3PL business which are dealing with physical goods or items that are mostly transported to and from consumers. There are many types of WMS (Warehouse management System) to choose from.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. Today, there are many top 3PL warehousing companies that handle warehousing, fulfillment, logistics and distribution services for companies of all sizes. Møller Mærsk Group.

Benefits of 3PL warehouse management system

Vinculum

There are few industries where a high-quality warehouse management system (WMS) is as vital as the 3PL (third party logistics) vacillate trade. 5 Sensible reasons to use a 3PL warehouse service. Sourcing and partnering with a 3PL warehouse supplier will happen quickly.

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Design, Operating and Situational Inventory Trade-Offs

ToolsGroup

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. Many companies struggle with decisions such as “How many days of sales or inventory turns per year should we target? or “How can we reduce inventory and improve our balance sheet?”. Structural inventory is a direct result of design choices.

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.

A Comprehensive Warehouse Safety Guide!

Supply Chain Game Changer

When it comes to the state of working in America, warehouses have seen a huge increase of workers with over 1,000,000 total since the start of 2018. Warehouses, often full of moving machinery carrying heavy loads, are inherently one of the most dangerous places to work. If you’re a warehouse manager, failing to control these risks can lead to high employee turnover, decreased productivity, legal issues, and, at worst, injury or fatality. The Importance of Warehouse Safety.

50 expert warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Of course, warehouse optimization isn’t something you do just once; it’s an ongoing process, and a complex one at that.

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. We never ran out of or had too much inventory.

Why a paperless warehouse environment is the best choice

Vinculum

Before the advent of digitization, businesses traditionally used a paper-based system to track their warehouse operations. Thanks to technological developments, environmental factors, and productivity improvements, more companies are starting to move to a paperless warehouse.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

50 expert tips on improving warehouse efficiency & productivity

6 River Systems

Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). Warehouses are complex operations with many moving parts and functions happening simultaneously, so while there are plenty of areas to improve productivity, it’s not always easy to determine where your efforts will pay off. More than 50% of your warehouse labor is in pick and pack, so start there.

A Comprehensive Warehouse Safety Guide for Managers & Executives to Know

Cerasis

When it comes to the state of working in America, warehouses have seen a huge increase of workers with over 1,000,000 total since the start of 2018. Warehouses, often full of moving machinery carrying heavy loads, are inherently one of the most dangerous places to work. If you’re a warehouse manager, failing to control these risks can lead to high employee turnover, decreased productivity, legal issues, and, at worst, injury or fatality. The Importance of Warehouse Safety.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

How to build an automated warehouse system: which new technologies do you need and why?

6 River Systems

Many warehouses are seeking ways to leverage automation for better efficiency, but building an efficient automated warehouse system requires careful selection of the right technologies. Your warehouse systems and software need to be able to share data between them, but those systems are not all the same and may have different data formats. APIs enable applications to collect data from disparate warehouse information systems, supporting integration and eliminating data silos.

The Access Group acquires Unleashed Software to expand its global presence and potential in manufacturing, wholesale and distribution markets

Unleashed

The Access Group today announced the acquisition of Unleashed, a New Zealand headquartered organisation offering best-practice inventory management software for the manufacturing, wholesale and distribution markets across Australasia, the UK, US and EMEA. ” About The Access Group.

7 Key Factors that Underpin the Success of your Inventory Optimization Initiative

Supply Chain Opz

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service. In this article we will examine inventory optimization processes as part of a structured sequential journey and examine seven of the key factors in delivering the optimal mix of stock.

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. 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. Sometimes, to chase demand, we have to use alternate sourcing, which increases costs and strains the supply chain. How does this impact Inventory Management?

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. With such widespread advances in digital help both inside and outside the warehouse, the modern supply chain should naturally gravitate toward proactive design. Inventory age optimization, which pinpoints the risks of products aging out, perishing, or becoming otherwise unsalable through stagnation.

Inventory Reconciliation Helps Improve Inventory Control

Unleashed

For any retail or eCommerce business owner, inventory stock will fluctuate constantly and there is a very real chance that your latest inventory records don’t accurately match your physical inventory stock. It is important to keep track of all your inventory and it is necessary to undertake periodic inventory reconciliations to ensure that the numbers in the database match the on-hand inventory stock. Inventory reconciliation. Inventory control.

23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

From investing in smart automation solutions like collaborative mobile robots to improve warehouse productivity to route and supplier optimization and outsourcing logistics to a 3PL , there are several strategies that can help companies reduce logistics costs. Efficient warehouse operations.

What Is ABC Analysis In Inventory Management?

Abivin

ABC analysis of inventory is the classification of a group of items in decreasing order, based on their value to the business. The A group is the most important in terms of the value contributing to the company, whilst C items are the least valuable. With the help of ABC analysis, managers can focus their time on other valuable products and adapt their inventory control policies accordingly. Source) 1. Source) 2.

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

Talking Logistics

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. 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.

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. He felt that inventory was no problem, he would just cut it at the end of each quarter to make the balance sheet goals. Inventory Management market-driven value chainsThis is a story for the Eds, Franks, and Toms working together in supply chains across the globe.

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.

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. When they built the project, they did not realize that they did not have access to daily data daily for their third-party warehouses and contract manufacturing locations. For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory.

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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.

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

Talking Logistics

E-Commerce Driving Need for More Warehouse Workers (WSJ – sub. 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.”. Spark Delivery: Walmart’s Crowd-Sourced Delivery Platform. I joined Snapchat this week.

What Is ABC Analysis In Inventory Management?

Abivin

ABC analysis of inventory is the classification of a group of items in decreasing order, based on their value to the business. The A group is the most important in terms of the value contributing to the company, whilst C items are the least valuable. To be more specific: Group A usually represents 10-20% by number of items and accounts for 50-80% of dollar volume. Group C contains 60-70% of the items but only accounts for 10-30% of the dollar volume. Source).

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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5 Strategies for Retailers to Combat the Coronavirus Impact

Vinculum

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. The post 5 Strategies for Retailers to Combat the Coronavirus Impact appeared first on Vinculum Group. If there is one thing that is trending globally, lately, it is the coronavirus outbreak or COVID-19.

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

Vinculum

China, being the source area, which struck the Coronavirus pandemic made the sourcing products from production houses pause supply of products. appeared first on Vinculum Group. Sell on Marketplaces Globally Inventory & Order Management Warehousing & Fulfillment Brands Multi-brand Retailers Marketplaces Industry Insights Marketplace Online Business Covid-19eCommerce shopping is now a very regular activity users have been undergoing for a while now.

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