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 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 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 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?

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 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. .

How to make S&OP meetings a highlight in your team’s calendar

AIMMS

Sales and Operations Plan ning has become a standard process to improve business performance, collaboration and predictability. In fact, it’s become internalized to a degree that companies often have several (competing) S&OP pro cesses in different geographies & business units.

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 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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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 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.

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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 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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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.

Is Seamless OmniChannel Possible? How to Avoid Supply Chain Technology Hiccups

Cerasis

Omni-channel sales strategies have become essential to companies trying to keep up with Amazon and major retailers. Unfortunately, a lack of understanding in omnichannel supply chains has also led many companies to experience extreme issues in delivering on their promises. In fact, third-party companies already have the first step in the bag, and you need to understand why. Essentially, this lends itself to intelligent fulfillment.

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 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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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

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.

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

Cerasis

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 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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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.

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

AIMMS

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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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 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.

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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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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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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