How to Measure Inventory Health

ToolsGroup

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 Track Your Inventory Stock Out Levels Using These Severity Codes & Alerts

Arkieva

It’s also essential to note that, not all stock outs or out-of-stock(OOS) carry the same severity levels or require the same form of actions. How to Track Your Inventory Stock Out Levels Using These Severity Codes & Alerts was first posted on March 15, 2018 at 8:58 am. ©2017 In an ideal world, your products would have on-shelf availability whenever your customer needs them. However, this is often not the case for many businesses.

How to Prepare the Next Generation of Manufacturers

Cerasis

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?

How to Reduce Product Damage During Shipping

Cerasis

Editor's Note: Today's blog is from Cindy Banker with ProCorr Display and Packaging who is bringing us some great insight on how to reduce product damage. If you are a product manufacturer, you know all too well the perils of shipping products from your factory or warehouse to a DC or retailer. In this article, we have highlighted the most common, but often overlooked elements to consider. How you pack your products in the box is key to product damage control. .

Removing the 3 Barriers to Building a Predictive Supply Chain

The total cost to the shipping. 15-$20 billion annually, according to Boston Consulting Group (BCG). interdependencies with anywhere from 5 to 25 parties playing a role across 20+ milestones in the. own data and generate intelligence to. A prerequisite to deep.

How to Successfully Integrate an E-Commerce Shipping Plan Into Your Traditional Shipping Practices

Cerasis

Instead of trying to start from scratch, shippers need to know a few things about the challenges of integrating traditional with e-commerce shipping , why integration is key to success and the best practices necessary to avoid additional issues. Up to 1.3

How to Find Top Supply Chain Talent

The Network Effect

The post How to Find Top Supply Chain Talent appeared first on The Network Effect. Tips for recruiting great employees in supply chain management Recruiting talent in the Supply Chain industry is no easy business. Supply Chain Management human resources recruiting supply chain management

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How to Procure Full Truckloads in Tight Capacity

Cerasis

The use of full truckload shipping is rising in popularity, resulting from its lower cost as compared to less-than-truckload (LTL) shipping. These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Staying attentive to the market.

Unwrapping production: How to transform packaging manufacturing

Quintiq

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.

How to Integrate with Industrial Internet of Things Technologies

Cerasis

As advances in technology make it more cost-effective to deploy IIoT, industries will need to acquire a strategic approach to integrating new sensor data with pre-existing data environments. Now, more than ever, industries are seeking simple integrations with controls, automation, and data analytics visualization software to harness the power of the Industrial Internet of Things and realize attractive operational and competitive benefits for their business.

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

How to stay cool in the heat

Quintiq

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 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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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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How to Attain “Stage 4” Supply Chain Planning Maturity

ToolsGroup

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.

End to End Supply Chain Visibility - Solving The Data Problem

1DIGITAL TRANSFORMATION, END-TO-END VISIBILITY, AND. looking to digital ly transform their. This led to a focus on larger store. stock, and the ability to transport goods on. have been forced to modernize and deliver. looking to transform their supply chains.

How to Measure Inventory Effectiveness

Arkieva

How to Measure Inventory Effectiveness. How to Measure Inventory Effectiveness was first posted on March 6, 2018 at 7:24 am. ©2017 I discussed some of the possible pitfalls when using inventory turnover as a measurement for effective inventory management. In this post, I’ll describe a simple technique for measuring inventory effectiveness. Read more. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

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 Minimize Customs Issues with an Accurate Labeling System

Loftware

Customs can be a problem for companies with inadequate labeling. Supply Chain Labeling Track & Traceability

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How to Optimize Port Throughput in Global Supply Chains

The Network Effect

The post How to Optimize Port Throughput in Global Supply Chains appeared first on The Network Effect. Ports play a critical role in international trade, yet they remain major sources of friction in global supply chains. It’s.

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The 4 Stages of Supply Chain Analytics

Supply Chain Data Maturity A Guide to Transformation. How Mature is Your Supply Chain? companies looking to succeed. Yet amongst this buzz, we are challenged to find success stories. And how can a company. Hackett appears to agree with this observation.

How to Become a Freight Forwarder

Cerasis

Cerasis does work with many freight forwarders who import into the US and need trucks to move from the port inland. We hope this post is helpful for those looking to become a freight forwarder but also for shippers wanting to know how it works. . How to get started.

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How to Compete with E-Commerce Giants

PLS Logistics

It is possible for small and mid-sized companies to compete with these e-commerce companies with a little bit of creativity, a strong supply chain and great customer service. Companies like Amazon can often seem difficult to compete with, but following these helpful tips can help your business stand out among these companies and bring in customers. Today it seems like e-commerce giants are taking over the industry.

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How to Reduce Time to Implement a Warehouse Management System in 4 Steps

Cerasis

Making the decision to implement a warehouse management system can be among the most cost-effective means to improve warehouse operations. Unfortunately, the road to warehouse management system implementation is not always clear, and it is filled with risk.

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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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Taking S&OP to the next level with supply chain analytics

Many supply chain leaders realize the potential of analytics but need to see concrete examples. With our 30-year heritage in advanced analytics and our experience with Fortune 500 and mid-size companies, we have plenty of those to share.

How to Move from Gartner Stage 2 to Stage 3 Retailing

ToolsGroup

leaving money on the table due to poor inventory performance. But, he says, with the right strategic plan, a retailer can make the jump to stage 3 supply chain planning, and greater profitability, in just 12-18 months.

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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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How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

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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Two Kinds of Supply Chain Risk and How to Prepare for Them

ToolsGroup

But there is another kind of supply chain risk that isn’t as newsworthy and yet can also be important to the company. These are usually not global events, but disruptions that are internal to the company or at least specific to the company’s supply chain.

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Optimize Supply Chain Network Capacity Utilization for Manufacturing Competitiveness

Download a complimentary copy of this Gartner report and get best practices to sustain agility and set the stage for growth. Insights you will gain from this report: How you can best structure decision-making around capacity planning. How to deal with change management and governance

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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How to boost relationships between shippers and 3PLs

Quintiq

This increases the urgency for 3PLs to leverage on the best market trends to increase logistics flexibility. This is due to the diversification in the production schemes of manufacturers. How would that impact their current operations?

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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.

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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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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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