Walmart Updates Supplier Guidelines, Again

Zipline Logistics

The strict guidelines were implemented to help the company run leaner and be more exact with inventory levels. Unfortunately, most suppliers have been unable to meet the strict guidelines. The post Walmart Updates Supplier Guidelines, Again appeared first on Zipline Logistics.

10 Commandments of Inventory Management

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations.

ABC Analysis of Inventory: Optimize Business Bottom Line

OptiProERP

The most common concern supply chain management experts struggle with is accurately identifying the causes of inventory inconsistencies. If a discrepancy is identified when users pick an item or perform a count, an inventory correction needs to be performed. Categorizing your inventory.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

What is vendor-managed inventory? VMI is the process whereby a supplier or vendor manages and replenishes inventory at a customer’s location at the levels required by the customer. The benefits of the vendor-managed inventory process include: Enhanced visibility for vendor.

10 Inventory Management Hacks You Can Do in 10 Days

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations.

The Beginner's Guide to Inventory Control and Management

Supply Chain Opz

What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product.

Why Today is the Day to Prepare Your Supply Chain for Recession

OneSCM

Follow these guidelines today for resiliency, should a temporary economic decline hit. Rely on your internal finance team to analyze current inventory data and project earnings. It’s essential to get a clear picture of inventory.

Should You Be Using SDE Analysis to Classify Your Inventory?

Unleashed

Inventory levels can fluctuate with demand and keeping track of everything without the right inventory control can be a challenge. Look to implement a periodic inventory analysis to enhance your inventory control practices. Inventory analysis is a critical step that guides the decision-making process from business owners. Inventory analysis can streamline your product classification system, which will lead to smoother inventory control processes.

5 Steps to Supply Chain Orchestration Success

OneSCM

Aggregate data is completely visible so executives know exactly how much inventory they have. Following these five guidelines not only makes your organization more efficient, but can also increase revenues and reduce expenditures from purchase to payment. The successful music orchestra is a myriad of ensemble instruments working together to create beautiful music.

7 Distribution Technology Trends Worth Discussing

Cerasis

Meanwhile, e-commerce is driving better forecasting capabilities and enhancing inventory management, which translates into better optimization of freight, inventory management processes and packaging needs. Hours of Service Guidelines Are Evolving. Hours of service (HOS) guidelines are also changing for drivers.

Warehouse Optimisation: Improving Workflow Efficiency in Your Warehouse

Unleashed

Warehouse optimisation improves workflow efficiency and supports optimal inventory control, productivity and performance. With more consumers shopping online, there is increased pressure on suppliers to grow and expand inventory stock¸ which in turn requires additional storage space. Standardised your workflows to ensure that all employees operate to the same guidelines in the most efficient way. Adopt lean inventory. Learn more about lean inventory.

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How “Process Robots” are Enabling Supply Networks

The Network Effect

Think about an electronic workforce of process robots designed to count your inventory items in real time, on demand, with no mistakes made. and 18 months of effort given standard ERP development guidelines.

An Overview of Best Practices for Efficient Purchase Ordering

Unleashed

PO’s also form part of an organisations inventory control practices; they help to increase purchase efficiency and serve as a legally binding contract, enforcing the deal between purchaser and supplier. The first step is to develop best practice purchase ordering is to create written guidelines with clearly stated policies and practices for procurement staff to follow. Business Tips inventory control inventory management procurement purchase order

Utilizing a 3PL to Apply Transportation Management Best Practices For E-Commerce

Cerasis

Create a set of rules and guidelines for managing both inbound and outbound freight. Keep customers informed of available inventory.

Why a network model makes sense for today’s automotive suppliers

The Network Effect

A number of comprehensive business process and supply chain specifications designed for the automotive industry are in use today, including the TS16949 standards (related to ISO 9001) and the AIAG Materials Management Operating Guidelines (MMOG).

Warehouse & Distribution Center Management: 5 Tips for Success

Cerasis

A good WMS system has a number of other useful tools for managing orders, inventory, and shipments. Manage Inventory. Inventory is a vital component to your operation. How much inventory are you going to have on hand at a given time? It is a good idea to shoot for a low inventory and high velocity of materials in this business. You may carry certain stocks at different seasonal periods, or your inventory may be constantly changing due to market trends.

Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

Cerasis

ISO publishes guidelines for conformance to its standards. A company in need of lean manufacturing practices tends to be easy to identify, typically displaying multiple of the following symptoms of operational deficiency: Inventory amasses in buffer stocks. Inventory records, product specs, shipping documents contain errors. There are excess inventories of some materials and shortages of needed. Holding areas are maintained for excess inventory.

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Customer-Product Segmentation Projects in B2B Environments

Arkieva

The guideline here should be the company strategy. You don’t want to keep projects waiting, where distributors are typically carrying inventory of standard products. The 4 week and 6 week lead time for the B-product required carrying inventory.

Supply Chain Resiliency - Top to Bottom

ToolsGroup

As Respond planning gets closer to real-time execution updates, supply chains become more stable because the inventory buffers dampen the variability, and they experience fewer unplanned disruptive changes.

Pharma Supply Chain Management: The Key to Solving Pain Points

DSI

And from the EU’s Good Distribution Practice guidelines to Brazil’s stringent serialization laws, regulatory compliance is only increasing. A key to that improvement is inventory visibility : “While healthcare supply chains have made gains, cost management is still a major pain point. In order to address this, healthcare logisticians see the most opportunity in optimizing their transportation costs and gaining better inventory visibility.”.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

As the logistics process includes transportation and resources, the whole process also needs some other major activities like inventory management, procurement, warehousing, order fulfillment and distribution.

Supply Chain Resiliency - Top to Bottom

ToolsGroup

As Respond planning gets closer to real-time execution updates, supply chains become more stable because the inventory buffers dampen the variability, and they experience fewer unplanned disruptive changes.

Start Managing Your Inbound Freight More Effectively Today

Talking Logistics

It also stokes better supplier-carrier-customer relationships, reduces the need for excess inventory, improves reliability across the supply chain, and creates an atmosphere of accountability for all supply chain partners.

The Inkblot: Why Flowcasting really isn’t subject to interpretation

The Network Effect

You can automatically create a financial plan for any item, category or across the entire business for the next 52 weeks, including sales, purchases and inventory investments. Philosophers have only interpreted the world, in various ways. The point, however, is to change it.

How order aggregation can eliminate costs in the automotive supply chain

The Network Effect

In my last two posts, I talked about new inventory replenishment policies and why a network model makes so much sense. SMMt Ltd/Flickr. Note: This is an ongoing series of posts on new developments within the automobile supply chain, with examples of best practices.

What’s New with MMOG/LE Version 5?

QAD

The Automotive Industry Action Group (AIAG) and Odette International are releasing the fifth version of the Materials Management Operations Guideline/Logistics Evaluation (MMOG/LE) assessment this summer. What is MMOG/LE?

8 key benefits of effective supply chain management

6 River Systems

Likewise, process guidelines can help suppliers comply with your company’s quality requirements. Without real-time data, companies often don’t have time to initiate plan B, resulting in issues such as out-of-stock inventory or late shipments to end consumers.

The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

These include: Process and Value Chain Mapping Inventory Traceability and Tracking Customer Communication Distribution Communication Operational and Manufacturing Communication Supplier Communication Quality and Safety Documentation Material Storage Process.

This Week in Logistics News (October 17-21, 2016)

Talking Logistics

This week, as reported by Reuters, California proposed making those voluntary guidelines mandatory in the state, “which industry officials [including Google and leading automakers] said could hobble their efforts in the home to much of self-driving vehicle testing and development.”

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. It’s easy to meet delivery expectations if you carry excess inventory, but it’s an expensive and impractical solution.

RELEX Retail & Supply Chain Award 2019: Best Master’s Thesis, Europe

RELEX Solutions

RELEX will choose the best master’s thesis with a focus on retail and supply chain planning (forecasting, replenishment, seasons or promotions management, allocations, inventory management, category management or assortment management). For guidelines and further information, please download the competition information. RELEX is looking for the best Retail and Supply Chain Master’s Thesis submitted in a European university during the year 2019.

Planning Optimized – A Journey of Excellence

Logility

Theoretically, a resilient supply chain can be built by creating redundancies such as holding extra inventory, maintaining just-in-case capacity, having many suppliers, etc. Organizations that follow guidelines are more agile and better positioned to embrace new paradigms.

Blockchain and Trucking: A Match Made on the Road

Shipchain

Additionally, with the passage of the MAP-21 Act (Moving Ahead for Progress in the 21st Century Act), there were changes made in the hours of service guidelines that reduced the number of hours that could be driven by a trucker before he or she had to rest.

Still Don’t Know How Many Slaves Are In Your Supply Chain?

Talking Logistics

The scope of end-to-end supply chain visibility must go beyond the status of orders, shipments, and inventory — it must also include having timely, accurate, and complete visibility to labor, safety, environmental, and legal practices across the entire supply chain. Intel also donated $250,000 to a fund to help smelters who want to meet the tech giant’s ethical guidelines but cannot afford to retrace their supply chains. How many slaves are in your supply chain?

Walmart again Raises Chargeback Stakes

Enterra Insights

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. He asserts, “Suppliers just need to figure out the best way to improve their supply chain and logistics so that they can hit a metric to improve the flow of inventory.”[5]

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8 DC and Warehouse Slotting Considerations for More Efficient Warehouse Operations

Cerasis

If you are a manufacturing company or distributor, you most likely are using a warehouse or distribution center to make sure you are able to store inventory, replinish store fronts, and easily send goods to customers or receive goods for manufacture or distribution. I will typically do some rough calculations by product group, and then put together some guidelines to apply to each product group.

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Supply Chain Talk: 4 Effective Strategies for Creating a Robust Scheduling Process

Arkieva

Creating a robust scheduling process that adheres to the overall S&OP plan is essential to reducing inventory costs and excess waste. To support the S&OP process, the schedule must adhere to the S&OP guidelines.