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

Kinaxis

Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. As with any industry, food and beverage faces its own unique set of supply chain challenges, including: Expiring ingredients, manufactured product and packaged goods.

Transportation Cost Drains

The Logistics of Logistics

Transportation expense can cost 5%-10% of gross revenue and will be going up if not managed effectively.” Transportation cost drains drive up costs. Many companies are experiencing dramatic increases in transportation expense that have turned into cash and quality drains for their organization. Savvy financial managers know transportation cost can cost 5%-10% of gross revenue and will be going up if not managed effectively. Do they follow DOE guidelines?

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5 Tips for Writing a Transportation Management Plan

Cerasis

Every transportation firm sees the utility of having a transportation management plan. It is essential in organizing activities in the transportation industry effectively and efficiently. The challenges that the transportation industry faces are enormous. Thus, it becomes inevitable for transport companies to devise a transportation management plan that factors in all these variables. The Freight & Transportation Management Trends to Know in 2018.

Business Adaptability – A Core Survival Strategy

QAD

They developed new policies for identifying essential services and personnel, and adapted existing guidelines for work hours, shifts, sick leave, travel, and face-to-face meetings with customers, suppliers and employees. . Moving to the cloud because of high data availability, integration and accessibility is an example of a new guideline that companies are adopting to prevent business disruption.

What is the FMSCA’s Unified Registration System (URS) And What is the Impact on Transportation & Logistics Management?

Cerasis

Effective transportation management can be a hassle. Transportation managers must keep up with the ship dates of inventory, where inventory is currently located in the transportation process, what insurance information is being used and appropriated for each shipment, and many more factors. Let's take a look at what this rule does, why it’s going into a fact, how it will affect the existing fleets, and its implications for the future of transportation.

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Business Adaptability – A Core Survival Strategy

QAD

They developed new policies for identifying essential services and personnel, and adapted existing guidelines for work hours, shifts, sick leave, travel, and face-to-face meetings with customers, suppliers and employees. . Moving to the cloud because of high data availability, integration and accessibility is an example of a new guideline that companies are adopting to prevent business disruption.

Real Results Magazine: Must-Have Tips to Boost Your Supply Chain

Supply Chain Nation

They include: Global electronics manufacturer TE Connectivity , which uses an 18-month rolling forecast to drive sales and operations planning, gaining a granular view of demand and improving inventory turns, customer service, agility and forecast accuracy. Leather footwear manufacturer Grupo Flexi , which reduced supply chain planning and re-planning time, improved customer service levels, increased inventory turns and sales growth. What’s on your summer reading list?

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

DynaSys

If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road. Transportation Vessels – Trucks, ships, rail cars, tankers, etc. Food and Beverage manufacturers have been putting lot numbers on products for years. It seems like there are more product recalls now than ever before.

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

The Network Effect

Supply chain organizations within the automotive supplier industry contribute to manufacturing excellence in many ways, including quality, cost, and delivery to their OEM and subsystem customer base. Focused on outcomes, a competitive supply chain capability not only assures the on-time delivery of component material, but also the execution of inbound supply to ensure the shipment of quality finished goods at a competitive price while delivering on-target margins for the manufacturers.

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. serialization, the next phase of the Drug Supply Chain Security Act (DSCSA), goes into effect next year for pharmaceutical manufacturers. By 2023, the Act will ensure that manufacturers, repackagers, distributors and dispensers can only transact with serialized product, ensuring unit level traceability across the pharma supply chain.

The Pandemic Motivates Changes in the Food Supply Chain

Enterra Insights

In addition to government guidelines for the food supply chain, the Consumer Brands Association (CBA — formerly the Grocery Manufacturers Association) started a review of supply chain infrastructure, particularly that portion associated with food industries. Retailers requiring additional resources to fulfill needs at grocery stores are provided links to sellers that have available product inventory, shipping/transportation services, supplemental labor, and warehousing services.

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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. Manual replenishment may be approved when it is not possible to use one of the manufacturer’s designated replenishment methods. Full WIP tracking inbound to a customer’s manufacturing operation is a standard requirement which could extend to include WIP tracking within a manufacturer’s facility. SMMt Ltd/Flickr.

Why investors are looking at supply chain technologies in 2020

Requis

No one’s saying we’re going to replace them any time soon, so the CFO can continue to get his financial and inventory data, but we can better manage execution decisions in transportation or a planning decision around inventory positioning using AI/ML and real-time data.”.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. It measures the cost incurred by an organization to manufacture a quality product. It measures the percentage of products that are in compliance with government regulations and internal guidelines. There is no specific requirement for the manufacturer to audit, just to have control.

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. 2] She wrote: “There’s no doubt about it: manufacturers who fail to meet a retailer’s vendor standards can get into financial trouble. Walmart recently made headlines when it toughened delivery demands for its suppliers.

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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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3PL Warehousing 101

Kanban Logistics

It’s home base for sophisticated eCommerce operations, high-velocity retail distribution, vendor managed inventory, and a variety of other services. Common WMS capabilities include: Inventory management : The WMS will record and manage your products according to key characteristics like warehouse location, available quantity, pallet ID, serial number, lot number, and expiration date. The 3PL can then immediately supply the manufacturer so that the final product can be produced.

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8 key benefits of effective supply chain management

6 River Systems

Data-driven SCM provides visibility from end to end for monitoring the flow of information, services and goods from procurement to manufacturing and delivery to the end consumer. 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.

Learning to Work with Machines That Learn What the Experts Know

NC State SCRC

Optimized decisions in manufacturing would lead to inventory shortages or surpluses in other parts of the chain. These studios will benefit by having “super-users” interact with them, forming “playbooks” that provide guidelines on decision-making in the face of uncertainty.

Is Your Supply Chain Producing Too Much Waste?

AFFLINK

Transportation time and expenses are wasted when any part of the raw material or finished product are shipped without cause. Packaging waste happens when the wrong type of good in the wrong packaging is produced or excess inventory must be repackaged. Some supply chains have regulatory guidelines put onto their waste supply, forcing them to comply with standards. Unilever has officially achieved zero waste , and now it wants to help other companies follow suit.

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

We may want to review their manufacturing facilities and perform some sort of quick assessment (for example, explore their process capability and yield of the product and how they handle returned parts). Cut inventory costs Be it a brick and mortar store or an online business, inventory is always present and it costs money. To avoid skyrocketing inventory expenditure, you need to keep accurate inventory count. How much inventory should we carry and where?

50 expert tips on supply chain management

6 River Systems

Importantly, flexible supply chains cut costs and improve cash flow, in part through a 10% to 40% increase in inventory turns. One is time to recover (TTR), the time it would take for a particular node in the supply chain — a supplier facility, a distribution center, or a transportation hub — to be restored to full functionality after a disruption. China trade war has already put regionalization of manufacturing back on the table.

20 warehouse professionals and business leaders reveal the single most important first step when designing a warehouse layout

6 River Systems

You’ll need to know about fire safety codes and guidelines for things like shelving height, hanging weights, human capacity, etc. “Identify your production and supply chain methods first…” For instance, if you’re following the Lean Production Method, it means that you don’t need to stock minor accessories because most of your inventory consists of the finished products. You need to store inventory, so there needs to be a space allocated for storage.

I Will Be Wrong Again: Supply Chain and Logistics Predictions for 2017

Talking Logistics

companies that move manufacturing operations overseas? If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Assuming these anticipated rate hikes occur, what impact will they have on inventory levels?

A Comprehensive Warehouse Safety Guide for Managers & Executives to Know

Cerasis

Having a safe work environment requires establishing clear and effective warehouse safety guidelines. Then, some workers simply don’t know the guidelines for warehouse safety and go about their day in ignorance. OSHA is your first source of safety information and guidelines for the warehouse business as well as all other American industries. That has to come from an existing operator or from resource people supplied by the equipment manufacturer or distributor.

Letter from the CEO: Market Update March 26, 2020

Transplace

Inventory and manufacturing flexibility are a key component to serving this market. Original Equipment Manufacturers (OEMs) in Mexico will shut down operations. General Motors suspended its manufacturing operations in North America, but the plan did not include its factories in Mexico, which will continue operating normally until further notice. Business - TransportationLetter from the CEO: Market Update March 26, 2020.

The 3 Cs for a CEO to See What’s Really Important in a Supply Chain

Logistics Bureau

Forecasting, inventory accuracy and “sell-through”. Transport budgets should be managed properly, but a finance department too eager to slash transport costs may cause inventory costs to rise instead. Separate applications to manage warehousing, transportation, manufacturing and other functions may hinder overall cooperation. Inventory Availability. Delegation of supply chain responsibilities?

[INFOGRAPHIC] AI Technologies: The Role of Humans & The Application in Logistics

Cerasis

CityU has also worked with other transportation-related companies, such as Hong Kong's Mass Transit Railway Corporation and the Kowloon Motor Bus Company to develop AI timetabling algorithms to increase service levels with limited resources. Logistics require the collaboration of many parties and companies, all with their own peculiar processes, procedures and guidelines."