Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness?

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

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits. The place to start for a more efficient inventory stocking strategy is better understanding your demand so you can precisely predict how much goods you need, where and when.

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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.

Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic

PINC

While social distancing rules, shutdowns, and high demand for certain product groups are top-of-mind right now, employee and driver safety should also be factored into an organization’s overall pandemic response. Real-time transportation visibility platforms flag shipments carrying essential goods, so staff can already prepare with protective gear, such as face masks and be in place to retrieve or offload quickly,” West said.

HCL Tech signs global alliance agreement with JDA Software Group

Supply Chain Network

From IIFL: “HCL Technologies, a leading global IT services provider, announced today that it has signed a global alliance agreement with the JDA Software Group, Inc, leader in supply chain management. The alliance addresses the unique supply chain challenges for business in the areas like planning, procurement, production, distribution, warehousing, inventory, transportation and customer services.

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 Time Slot Management reduces mean lead time and variation, which reduces inventory levels.

Top 5 Questions About Keeping Transportation In-House

Talking Logistics

Is this true for your in-house transportation management department? Why would you hand over your transportation management to someone else? There are viable reasons to outsource the system, people, or both; for example, your transportation requirements are not unique enough to staff a full department. Other segments in your business could be outsourced, but a core function like transportation planning within your supply chain might not be one of them.

3 Things Your Transportation Management System May Lack

LeanCor

Before our recent webinar, “Transportation Management: Driving improvements in cost, quality, sales, and delivery,” we conducted a transportation bench-marking assessment to discover industry trends and areas of opportunity in transportation management. Participants were then grouped into specific performance levels depending on their total points for the categories of People, Process, and Technology. transportation cost).

Winning the Inventory Battle in the Consumer Products Industry

Logility

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). reduction in inventory obsolescence (percent of inventory value). Capability 2: Optimize New Product Inventory. eBook: The Inventory Optimization Handbook.

Inventory Reduction: The Path to Supply Chain Management

LeanCor

Inventory Reduction: The Path to Supply Chain Management. Inventory is not only a critical part of supply chain management; too often it is the main cause of a painfully incremental progression toward effective and genuine supply chain management. Reading this article will enable you to see inventory from a perspective contrary to most conventional views defining inventory as an asset. Why can inventory reduction lead to organizational success?

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment

RELEX Solutions

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment. Musti Group Nordic is the leading pet supplies and accessories retailer in the Nordics, with 121 Musti & Mirri stores in Finland, 127 Arken Zoo and Djurmagazinet pet stores in Sweden, and also 18 Musti stores in Norway. Musti Group at a Glance. Company name Musti Group Nordic Oy. – Matti Salmi, Purchasing Director, Musti Group Nordic. Retail Case Study musti-group-en

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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.

What’s the ROI Of Transport and Logistics Providers & A TMS?

Cerasis

Much talk about sales, automation and improved processes dominate the conversation when considering outsourcing logistics processes to a transport and logistics providers or using a 3PL-based transportation management system (TMS). Often, the transport and logistics providers' reps claim initial returns may be as high as 25 percent, if not greater. There are many benefits that accompany the use of transport and logistics providers and their TMS systems.

How to Use a TMS to Manage Inbound Transportation (And Gain Visibility)

PLS Logistics

Inbound freight management is multifaceted and can eat up more than 40% of the average organization’s annual freight budget, according to Aberdeen Group. Since inbound freight savings have a direct impact on an organization’s bottom line, shippers that make it a supply chain priority reap inventory efficiencies, cost containment and enhanced productivity and service.

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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. Stop Holding Your Company Back!

Five Benefits of Upgrading Your Transportation Management Software

GTG Technology Group

Delaying Upgrades Is Holding Back Your Transportation Company. Waste would be a thing of the past, inventory and financial management systems would work to perfection, and revenues would flow in. That future is within your grasp if you keep your transportation management software upgraded to take advantage of innovations. Learn how updated transportation management systems (TMS) make your company goals attainable.

Transportation in 2019 and Beyond: Key Factors Impacting Supply and Demand

Talking Logistics

As we begin 2019, what are the key lessons learned from last year, and what trends and factors should shippers keep an eye on to make sure they’re able to respond effectively to whatever happens in the transportation market in the weeks and months ahead? A “new normal” in transportation? A strong economy in late 2017 through to late 2018 drove demand to outstrip supply for transportation across truckload, LTL and intermodal, with shippers shopping across modes to cover loads.

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

This Week in Logistics News (September 29 – October 3, 2014)

Talking Logistics

It’ll come to me eventually, but in the meantime, here’s the news that caught my attention this week: Kewill Acquires the IBM® Sterling Transportation Management System (TMS). The MetaPack Group Acquires U.S. One of the early pioneers of software-as-a-service (SaaS) transportation management systems (TMS) was Nistevo, which was acquired by Sterling Commerce in May 2006 (Sterling Commerce had become an AT&T company in late 2005).

Multi-Echelon Inventory Optimization and Network Design - Differences?

Logility

Any time you want to optimize across an enterprise, whether it is inventory or product flows, you need to represent a logical representation of the supply chain. Arcs can be process flows, transportation lanes, modes of transportation, product flows, or bill of material links. You could say it really depends on ‘what neighborhood they grew up in’ Some solutions were designed to optimize transportation problems.

Multi-Echelon Inventory Optimization and Network Design - Differences?

Logility

Any time you want to optimize across an enterprise, whether it is inventory or product flows, you need to represent a logical representation of the supply chain. Arcs can be process flows, transportation lanes, modes of transportation, product flows, or bill of material links. You could say it really depends on ‘what neighborhood they grew up in’ Some solutions were designed to optimize transportation problems.

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.

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.

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. Here I smile, and I hope that groups take pause.). We finished dinner.

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Delivery: A New Moment of Truth

Talking Logistics

Author’s Note: The following is an excerpt of what I presented recently in a webinar organized by Descartes Systems Group (a Talking Logistics sponsor) focused on “ Delivery – The Moment of Truth.” Simply put, supply chain and distribution networks, which were originally designed to flow truckloads of products from large distribution centers to stores, are becoming outdated in this new market where speed of delivery and inventory reduction are paramount.

Countering the Bullwhip Effect in a COVID-19 World

PINC

A distribution channel phenomenon in which inaccurate forecasts quickly turn into supply chain inefficiencies, the “bullwhip effect” refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Suffering a glut in “green” cars at the time, Volvo’s sales and marketing developed a program to move its excess inventory.

Pool Distribution: The Speed of Parcel at the Cost of LTL/Truckload

Talking Logistics

At the same time, stores need to be more responsive, so even though they are carrying less inventory, they still need to make sure they have the hot products in stock and they need to be more responsive to [consumer demand].”. So, I would describe less sophisticated pool distribution as ‘Hey, send me your goods, I’ll group them with other shippers, and I’ll tell you when they show up.’

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. Walmart’s aim to reduce shipping costs means suppliers have to ship inventory to more locations, which adds cost and complexity to their operations. I joined Snapchat this week.

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.

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What does the Future of Transport Management Systems Look Like? A Look To 2018 and Beyond

Cerasis

Whether you call it a transportation management system, TMS, or transport management system, we have you covered on the State of TMS in our first post , the 4 key process enablers in the second post , and in today’s post we will cover what the future holds for transport management systems. As a TMS provider, Cerasis also provides the services related to transport management: freight claims , freight accounting , carrier relations , and more.

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. 3PL Supply Chain & Logistics Trends Supply Chain Technology Trends Descartes Systems Group e-commerce JDA Software logistics Symphony Commerce

Control Tower Visibility: Delivering Value in Transportation

Talking Logistics

Companies today are facing significant transportation challenges — tight capacity, rising rates, and more demanding delivery expectations from customers. Navigating through these challenges requires timely and accurate visibility to what’s happening in their transportation operations, which is where Control Tower visibility comes in. VP Operations at Transplace , and Ken Rogers, National Transportation Director at Nestle Waters , in a recent episode of Talking Logistics.

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

We continue our series on the “State of the Transportation Management Systems” today with our post on the 4 key processes enabled by the use by shippers of a transport management system or TMS. The popularity of the use of transport management system (TMS) has been growing steadily in the last few years. A transport management system helps coordinate all the data points in a transportation network.

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.

Dock Appointment Scheduling: Beyond Traffic Control

Talking Logistics

DAS provides critical data to allow forward deployment of product and cross-docking to accelerate the flow of goods reducing out of stocks and inventory at the same time. This retailer had also deployed a purchase order (PO) to dock door visibility solution to reduce inventory and gain a greater understanding of the flow of goods through the network. Guest Commentary Guest Commentary - Descartes Descartes Systems Group dock appointment scheduling inbound visibility

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