How to Measure Inventory Health


Financial executives measure inventory health with metrics like inventory turns because they view the firm from a financial viewpoint - such as how much working capital is being tied up. It is a measure of inventory holdings relative to the expected demand.”.

How to Prepare the Next Generation of Manufacturers


The manufacturing industry has always been a hotbed for innovation and advancement — but it relies heavily on the workers who have the skills and training to fill those jobs. How can we help to prepare the industry for the next generation of manufacturers?

What’s keeping you from realizing digital supply chain success?

The 21st Century Supply Chain

According to recent research by the Korn Ferry Institute, all 100 senior supply chain executives the firm surveyed said digital supply chains have the potential to revolutionize businesses. Seventy-four percent admitted they still have a long way to go before that becomes reality.

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Video: How to Digitize the Retail Supply Chain

The Network Effect

Retailers today are in a poor position to compete against a vertically integrated and fully digitized online giants like Amazon. The post Video: How to Digitize the Retail Supply Chain appeared first on The Network Effect.

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Digitizing the Extended Supply Chain: How to Survive and Thrive

The digital economy is upending all industries and processes, placing a premium on speed, customer satisfaction, personalized products, and collaboration

Five Common Customs Pitfalls — and How to Avoid Them

Talking Logistics

A thorough description of goods is essential in order to determine proper customs classification. This can then be attributed to a customs tariff number. It is sensible for the supplier to include the importer’s item number in its invoice.

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How to stay cool in the heat


It looks like summer is at its peak: It’s 35 degrees in Berlin today, and I’m looking forward to some yummy ice-cream with my son in the park. Here in Germany, you never know how long summer lasts. Summer can be gone quickly, just when you get used to it.

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How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

Which means that, as it does every year at this time, space is about to get very tight. That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. Peak season for ocean freight shipping is underway.

How to interpret demand-sensing data

The Network Effect

Demand Sensing can import demand data on an hourly rather than a batch or daily basis, immediately sensing demand signal changes as compared to a detailed statistical demand pattern, and then evaluates the statistical significance of the change. However take care not to misinterpret the data.

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How to Move Forward with Reverse Logistics

Talking Logistics

Everyone has experienced this scenario: a great event is planned in advance, a timeline is set with a predetermined flow of the party, from when guests arrive to the food and music, all the way to their departure at the end of the evening. Damage to product when handled or in transit.

How to Prepare Transportation for Holiday Returns

PLS Logistics

The holiday season is upon us, and retailers must be prepared to avoid seasonal challenges. Return rates have amplified as the percentage of internet sales continues to develop. Only 20% of shoppers like to have a carrier pick up a package from their home.

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Inventory Optimization: How to Handle Slow Movers

Supply Chain Nation

Do you know how many boxes of raspberry gourmet coffee Kroger should keep at their store in rural Georgia? How would that computation be different from the logic needed to calculate the number of boxes of Corn Flakes at the same store? However, many open questions still arise when it comes to the other part of inventory: Slow movers. Think back to the raspberry gourmet coffee example. This allows companies to detect sudden and seasonal demands in advance.

How to Improve Loading Dock Processes

PLS Logistics

Well-designed loading dock procedures minimize delays, reduce damage to cargo and optimize productivity. Here are 3 quick ways to improve loading dock processes: Enhance Dock Safety. The loading dock is the access point for shipping and receiving.

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How to Use Machine Learning to Boost S&OP

Talking Logistics

Machine learning to boost your sales. The first example is to use machine learning for improving the results of your promotions and improving sales. Promotions planning is an important lever to use in an S&OP process. It allows to stimulate your sales when you have too much available capacity or have a significant impact on the desired product mix. There are many different possibilities to organize a promotion. Machine learning to improve S&OP adoption.

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Unwrapping production: How to transform packaging manufacturing


To meet consumers’ increasing appetite for choice, Fast Moving Consumer Goods (FMCG) manufacturers develop a huge amount of Stock Keeping Units (SKUs). This has a direct impact on packaging manufacturers who now need to find ways to cope with more diverse demand.

Implementing Omnichannel: How to Get Your Supply Chain Ready to Go Omnichannel


Rather than falling victim to the same problems, your organization should follow these tips to get ready for implementing omnichannel supply chain strategies. This means moving inventory to make it closer to markets where it is sells. Since using a store-as-a-distribution center is integral to keeping storage costs down in omnichannel, retailers should leverage technology and analytics to align inventory correctly.

How to Attain “Stage 4” Supply Chain Planning Maturity


Gartner has identified five stages of supply chain planning maturity and they say that 70-80% of companies plan to increase their supply chain planning (SCP) technology spend over the next two years to climb to the next level.

How to Measure your Strategy Execution Readiness

Supply Chain Trend

Are you confident it is ready to be deployed and executed? This post introduces a framework to assess your company’s strategy execution readiness, in order to align leaders around how to bridge your strategy to execution gaps.

How to find a great freight forwarder

The Logistics of Logistics

I often hear from novice shippers: “How can I find a great freight forwarder?”. Here are nine items to look for when searching for the best freight forwarder for your company: Research, Research, Research. Check for references to gage the reputation of the freight forwarder.

5 Dysfunctions of Typical S&OP Systems and How to Overcome Them


It was created initially by Oliver Wight and has become the standard procedure to improve business performance and predictability. But companies tend to struggle when it comes to finding the right technology to enable the process. Would you like to learn more?

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Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors.

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Digital Evolution of the Supply Chain: How to Prepare for Today and Tomorrow

Talking Logistics

How and when will they have an impact on supply chains? Do you subscribe to the “Disrupt or be disrupted” mantra? And if everybody is out there trying to disrupt everybody else, does that lead to progress or chaos in the industry? Andrew Clarke, CFO at C.H.

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Recruiters Reveal How to Land Dream Supply Chain Jobs

Supply Chain Opz

According to O*NET OnLine, a supply chain manager earns $103,530 per year in average. Functional resumes tend to list prior experience in terms of “duties.” If you’re an inventory planner, how many SKUs did you manage?

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How to Benchmark?

Logistics Bureau

When we compare different levels of sophistication and performance in supply chains, we can identify particular levels that we think are important to achieve, or that represent typical performance levels for supply chains as a whole. meaning “what speed do I have to beat to be the fastest?”

How to Sustain a Lean Culture in Manufacturing & Supply Chain


Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? How do we monitor what our customers feel about us?

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Experts Suggest How to Slash Supply Chain Risk Properly

Supply Chain Opz

To tackle risks timely, we invite experts to explain what strategy really works. Christopher Tang, Distinguished Professor, UCLA Anderson School and Editor-in-Chief of the INFORMS journal Manufacturing and Service Operations Management (M&SOM) As supply chains become more complex, companies find their supply chains more vulnerable to both foreseeable uncertainty risks and unforeseeable disruption risks. Use dynamic pricing to manage demand of similar products.

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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.

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Supply Chain Risks and How to Overcome Them


Start-ups are able to compete with global multi-national companies – thanks to the cloud. While third party suppliers and service providers allow you to be more innovative and they level the playing field against larger.

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Expert Explains How to Improve Supply Chain Efficiency

Supply Chain Opz

Over the years, supply chain professionals have been trying to improve supply chain efficiency so they can gain an edge over the competitions. One emerging way to combat demand variability is to locate (some) manufacturing closer to the customer.

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How To Know If Supply Chain Careers Are Right for You?

Supply Chain Opz

million jobs to fill. To determine if they're right for you, ask yourself these questions. Are you committed to supply chain management? These questions are way way to broad and it seems like people who ask these questions make very minimum effort.

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How to Capture Full Divestiture Value with a 3PL

Talking Logistics

Today, shippers face increased regulations, unstable market conditions and capacity concerns that make it near impossible for a newly divested company to achieve all of its goals without the expertise and support of a third-party logistics (3PL) provider. The potential opportunity to convert a significant portion of operating costs from fixed to variable. This begets the need to set the overall strategy for the divestment by way of an exercise, called “capability scoping.”

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How to Create a LEAN Culture in Your Supply Chain

Ryder Exchange

A LEAN business system is an organization of people who have developed the ability to relentlessly seek out waste and eliminate it while simultaneously improving the customer experience. Implementing LEAN is the most strategic way a company can transform its supply chain and business.

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Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

Simply maintaining your goal patterns instead of gaining on your goals will keep your growth at a standstill if you don’t actively and routinely work to overcome it. As a leader, you need many tools to eliminate this mindset. The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. If your team isn’t challenged to meet their goals, your bar is likely set too low. Don’t measure to justify.

How to Handle Logistics During Chinese New Year

Material Handling & Logistics

With Chinese New Year approaching fast workers will travel throughout the country to return to their families and celebrate the New Year, with all manufacturing shutting down for the duration. companies importing or exporting goods from/to China this can be a considerable challenge.

How to Comply with the Sanitary Transportation Act

Ryder Exchange

The purpose of the legislation was to put controls in place that prevent contamination or adulteration of food while it is being transported. Large transportation companies were given one year to comply with the requirements and small companies […]. The U.S.

How to Predict Sales Using Markov Chain


How to Predict Sales Using Markov Chain was first posted on June 12, 2017 at 8:00 am. ©2017 The Supply chain is driven by demand, supply, and inventory planning. Under demand planning, the importance of sales forecasting is undeniable. It provides a basis for the production process regulating quantities, inventory and maximizes the efficiency of the resources available.