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Inventory Planning vs. Inventory Optimization: What’s the Difference?

ToolsGroup

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging.

Post-Pandemic Supply Chain Transformation

Enterra Insights

”[1] Moss reports that a survey published last November by Capgemini found more than four out of every five organizations reported that COVID-19 had negatively affected their supply chains. Is it time to further diversify my supply chain ?

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10 Ways How COVID is changing Warehousing & Distribution Forever

Vinculum

One of the biggest questions arises is how this pandemic situation is changing warehousing and distribution. With a massive impact not only on warehousing and distribution but also on industry processes as a whole, COVID is altering how we look at warehousing and distribution.

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? Sure, LeanCor is a trusted supply chain partner that delivers operational improvement and measurable financial results.

Lean 186

Warehouse Automation in a Time of Rapid Change

Logistics Viewpoints

Last week I had the opportunity to speak with Markus Schmidt, President of Swisslog Americas , about warehousing in today’s environment of rapid and often unpredictable change. First off, I asked Markus for his perspective on the pandemic’s long-lasting impacts on supply chains.

Supply Chain Sustainability Gathers Steam

Logistics Viewpoints

The global supply chain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation.

Warehousing 101: An Introduction to Digital Warehouse Automation

RFgen

Key Takeaways: Warehousing and distribution face unprecedented pressures from COVID-19 disruption, commoditization, labor shortages and rising customer expectations. Warehouse automation is an effective way to gain efficiencies, cut costs and scale operations. High warehouse turnover.

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

This is a story for the Eds, Franks, and Toms working together in supply chains across the globe. It is also a story for a young supply chain manager attempting to make a difference, but feeling stymied. Efficient supply chains may not be the most effective.

Embrace Lean Warehousing Practices in 2017

Talking Logistics

Even the most determined business optimist would be hard-pressed not to find a warehousing cost that isn’t creeping skyward. One of the core concepts behind lean is the need to look closely at operations within your warehouse, and never fall into the trap of complacency — even if things seem functional at the moment. Imagine you have 10 warehouse racks, but at any given time, you only use shelf space equivalent to 7 full racks. Apply Lean to Your Supply Chain Partners.

Lean 71

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.

Supply Chain Management in a Post-pandemic World

Enterra Insights

”[2] It’s a question with which supply chain professionals have been wrestling for months. Bowman seems to think supply chain professionals should have been better prepared. ” The value of supply chain management.

Preparing for the Future of Supply Chains

Talking Logistics

If you could tell a warehouse manager back in 1980 that someday robots would be working alongside humans in the racks, or that individual items could be tracked and traced in real time, they would have laughed it off as science fiction. Can you possibly prepare for a supply chain future that may be completely inconceivable right now? However, this strategy involves more than parts of your supply chain watching for simple leaps forward in tech evolution.

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. 2, or tactical lean warehousing. Are you practicing lean warehousing?

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Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. They tend to have many pretty PowerPoint slide decks–full of acronyms, pretty pictures and E2E commitments–but they lack a common definition of supply chain excellence. To complete a supply chain diagnostic, I take these four steps: Step One. As a group, we drill into root issues.

Warehouse Digitalization: The Warehouse of Tomorrow

Vinculum

The Digi-Smart manufacturing process empowers enterprises to gain control of their warehouses and ensures that products can be delivered to customers as quickly as possible. This wave of change has made warehouses smarter and more agile.

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

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. Let’s learn and apply it to supply chain management.

Time Management and Supply Chain

20Cube Logistics

Supply chain logistics is an industry in itself and at present a booming one. It’s a chain of activities, and if one link breaks or gets disturbed, the entire chain is haywire. Warehousing is part of the supply chain and today every business needs warehousing services.

Five Suggestions for Practical Inventory Management

Logility

This revolved around moving to a larger facility as they had outgrown their existing warehouse. The real problem, however, was inventory. What is the right inventory level for your business? . Categorize your inventory. Analytics Inventory Optimization

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.

What are the best Supply Chain Strategies for 2021

ivalua

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supply chains. . Supply Chain Risk Management on the World Stage – Lessons Learned.

Trends 2021: Supply Chain

Enterra Insights

Following the outbreak of the pandemic, many companies were forced to confront the fact that their supply chains were not as resilient as they had hoped they were. Madhav Durbha, a Group Vice President at LLamasoft, writes, “The old adage: ‘you don’t know what you’ve got till it’s gone’ rang true in 2020. Tim Denman ( @TimDenman ), editor in chief of Consumer Goods Technology, writes, “The supply chain is the lifeblood of the consumer goods industry.

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

You can’t scan the headlines without coming across an article or advertisement about sustainability, but there is precious little information about how supply chain planning software supports green initiatives. Smart inventory planning cranks up manufacturing efficiency.

Inventory Control and Inventory Management

My Office Apps

Inventory Control and Inventory Management. Regardless of the industry that your business is in, one of the universal truths of operating a successful business is optimized inventory management and control of inventory. Inventory Control In Different Industries.

Mobile Barcoding and Warehouse Automation for Retail Inventory

RFgen

Retail enterprises must automate their inventory processes with mobility in order to stay ahead. This is no surprise, since retail relies on inventory management software and hardware to track, procure and supply its products. Simplify Inventory Counts.

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. Supply Chain Modules.

How BT is Building a Connected Supply Chain Amidst Ongoing Transformation

AIMMS

Behind the scenes, BT Supply Chain has been the backbone of the company’s operations for 30 years, making sure customers get the best experience. The supply chain division fulfills 40,000 individual customer orders every day, making sure that 32,000 engineers get the tools, parts and equipment they need to deliver support and services. In recent years, BT Supply Chain underwent a transformation to provide its services to businesses using the company’s existing network.

Commodity price spikes slow logistics warehousing activity but don’t stop it

The Supply Chain Journal

The cost of construction materials has soared along with other inputs as ultra-tight inventory levels meet strong demand in the industrial and residential sectors. NYSE:PLD), the world’s largest logistics warehouse developer, owner and operator.

Driving Sustainability in the Age of Supply Chain Disruption

Logistics Viewpoints

The global pandemic has created a watershed moment for global supply chains. We are now seeing an increase in the use of automation, not just within a TMS or WMS, but the digital coordination across all phases of logistics, from shipper to broker to carrier to warehouse.

Global Supply Chain Recovery Dependent On A Vaccine

Supply Chain Shaman

However, supply chain leaders well understand that drug discovery, manufacturing, and distribution are all necessary to deliver the vaccine to a willing arm. Development and distribution, as any supply chain leader knows, are two different topics. My left arm hurts.

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the last two decades the company successfully leveraged global scale to define supply chain leadership. With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. For this case study we interviewed Ralf Busche, Senior Vice President of Global Supply Chain Strategy and Performance. Inventory Turns.

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.

Warehouse Management A Complete Guide for Retailers

Vinculum

While retailers rehash their strategies in the wake of technological advancements and breakthrough innovations, warehouse management still remains an inevitable and crucial part of the holistic customer purchase and satisfaction arena. Warehouse Management System – An Overview.

What is warehouse robotics?

6 River Systems

Warehouse robotics refers to the use of automated systems, robots and specialized software to transport materials, perform various tasks and streamline/automate warehouse processes. Others direct workflows through the warehouse, leading associates and transporting loads.

5 Pitfalls To Avoid When Selecting Supply Chain Software

GlobalTranz

As your business grows, you supply chain software will need to expand. No matter which direction you choose, supply chain software comes riddled with opportunities for confusion, demise, and incapability. 5 Pitfalls of Supply Chain Software Selection. #1: However, some ERP systems may have extensive costs, which would easily outweigh the purchasing price of individual Warehouse Management Systems ( WMSs ) and Supply Chain Management (SCM) suites.

What is Reverse Logistics and How Can It Help Your Supply Chain?

CH Robinson Logistics

Today, retailers and supply chain professionals need to have a plan in place to minimize waste and cut down on inefficiencies in reverse logistics. Reverse logistics refers to any portion of the reuse of products and materials in a supply chain.