Remove Groups Remove Inventory Remove Sourcing Remove Warehousing

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.

Lean 186

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.

Lean 249

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

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. Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. DACHSER Group SE & Co.

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.

The Inventory Accuracy “Confidence Gap”

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: 5 Key Insights to Improve Inventory Performance for 2019 ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

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. “Warehouse optimization starts with an efficient layout. Use slotting to minimize inventory loss.

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.

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.

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.

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. Warehouse

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.

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.

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.

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. Inventory Management market-driven value chains

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.

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.

Data 266

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.

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.

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

Talking Logistics

E-Commerce Driving Need for More Warehouse Workers (WSJ – sub. Under the new system, suppliers will have to stock their products at more Walmart warehouses around the country to keep sales steady, according to an executive at a large food company. I joined Snapchat this week.

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.

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. eCommerce shopping is now a very regular activity users have been undergoing for a while now.

Italy 52

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).

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My first focus was on China sourcing. The healthcare value chain was slow to respond—the majority of Personal Protective Equipment (PPE) was in Chinese warehouses. China was the source of over 90% of PPE.) Evaluate Inventory. Evaluate inventory health weekly.

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.

India 40

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.

Warehouse Life Hacks: Promoting Teamwork & Improving Operations

Cerasis

4 Hacks to Improve Your Warehouse Operations. Working in the warehouse can be a harsh and demanding job. At times, many warehouse operations may seem to be painstaking and extraordinarily difficult. Reinforcing leadership, promoting teamwork and implementing sophisticated, robust and amiable business practices can drive improvement in many warehouse operations, here is how: 1) Reinforce Leadership. Cohesion is essential in group settings and team-oriented environments.

Lean 243

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required. Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company.

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.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Click the links below to compare this year's innovations to those from previous years: Top 10 Supply Chain Innovations of 2017 : exoskeletons, autonomous forklifts, flying warehouses, last-mile delivery, and more. Warehouse Automation. Source ID. Source ID. Source ID.

The Importance of Organizing Warehouse Work and the Requirement to Utilize Real-Time Data to Optimize Warehouse Efficiency – Part 2 of 3

Supply Chain Nation

Part 2 of this series will take a deeper dive into the importance of organizing warehouse work, as well as why utilizing real-time data to optimize warehouse efficiency is required. Why Organizing Warehouse Work is Important. Typically work is organized in tasks, grouped by capabilities of the warehouse workers, available equipment, position of the warehouse worker within the warehouse and priority of the task.

50 expert tips on logistics planning and strategy

6 River Systems

“A centralized group can also help to resolve another common concern: it’s hard for an expert to have credibility across the company when he or she is remote and attached to a particular business unit. NetSuite has launched a supply chain snapshot feature that’s a central part of any control tower that shows all of your inventory and related transactions with the ability to filter by subsidiary, location, etc. Think about how your warehouse might look in 2030.