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LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

Cerasis

Black swans in the supply chain refer to unexpected, unusual disruptions within the supply chain, reports Melanie Nuce of Inbound Logistics. For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

Regaining control: Inventory management best practices (Part four)

Kinaxis

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced. Further investigation reveals that external forces—controllable forces—exert influence upon the system, skewing data to a point at which it becomes unreliable.

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Transportation Sourcing in an Omni-channel World

Talking Logistics

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. And, what are some of the key factors retailers need to consider when developing their transportation plans? Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

Chinese New Year Shutdown 2020: How to Prepare

ShipBob

The upcoming Chinese New Year is on January 25, 2020, but the holiday shutdown can affect production times at China’s manufacturing companies for as long as two months as many workers travel back to rural villages to celebrate with friends and family. For those of us who rely on shipping and manufacturing businesses, the Chinese New Year shutdown is an event that we need to be aware of (and prepared for) in advance to avoid delays that could be catastrophic to our businesses.

What is Inventory Shrinkage?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. The best way to explain inventory shrinkage is an example.

How to Improve Your Shipping Performance

Softeon

In survey after survey, consumers say that their experience with shipping is a key factor in their shopping satisfaction. A majority want detailed information at every point of the shipping process. They are more likely to buy a product when shipping costs are low and shipping speed is fast. Nearly half of all online shoppers say that they have abandoned shopping carts when shipping speeds were too slow. Work with multiple shipping services.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations. You can’t just turn around a giant cargo ship. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. companies should be looking to partner with more stable countries where tariff changes aren’t expected. goods is more complex than it used to be.

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. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Keep it Simple : It’s important to not over complicate things.

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How To Choose Transportation Mode In Logistics

Abivin

A company cannot function well without being able to ship products across the supply chain. It also allows companies to cross geographic lines between where products are produced and where they are consumed. In logistics, transportation can be defined as a function of planning, scheduling and controlling activities related to mode, vendor, and movement of inventory into and out of an organization. To simplify this method, take a postal organizations for example.

How to boost relationships between shippers and 3PLs

DELMIA 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. On the other hand, there is always the demand to deliver on the highest level of quality possible. So, a lot of manufacturers require 3PLs to agree to service levels that are challenging for large operations. How would that impact their current operations?

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How To Start Your Brewery On The Path To Success

Unleashed

billion by 2024, according to Business Wire. Knocked back just 7% in sales volumes during the height of 2020 lockdowns, according to Unleashed Software’s own data, the beer industry overall has shown remarkable resilience – for somewhat obvious reasons – and appears likely to continue its expansion. We’ll also break down the specific details of what it takes to build and grow a successful craft brewery business. Areas to seek expert input.

5 Tips to Improve Omnichannel Inventory Management

Unleashed

And that includes how we all shop. That’s a lot for any eCommerce business to keep up with. That includes the importance of robust inventory management to retail. Being able to get the correct products to your customers is fundamental to success. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky.

Improving inventory management

EFT

Factory closures, blank sailings, massive cuts to air freight, reduced warehouse capacity and more have hit business-as-usual and often turned carefully calibrated chains on their head. A gap in knowledge and from distribution network to consumer. Inventory management, evolved.

How to Adapt Your eCommerce Business to the Coronavirus Pandemic

Vinculum

Good news is that COVID-19 Vaccine Tests have begun implying, we’re all going to get through this soon. As a business owner, retail store owner, e-commerce brand owner, you need to address the COVID-19 Pandemic in a very smart way. So, what is your business going to do? Brand priorities include the product you’re selling, how you’re dealing with difficult times and more. Make donations of surplus resources to communities.

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How To Keep Your Supply Chain Moving Fast as Fuel Costs Rise

Elementum

In today’s blog we’re taking a look at what this means for shipping costs, and how retailers can fortify their operations against price hikes. Why are shipping costs growing? But the largest source of cost increases for most companies have been driver wages and benefits. Many employees are leaving the industry to take jobs that allow them more time with their families. Response of shipping companies. Shipping costs hit an all-time high earlier this year.

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SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Source: Dictionary.com. During the year, I go to a lot of conferences. In the process, I get to hear the views of many thought leaders. As I sit on the back row, I hear platitudes (A number of concepts positioned at a high level without clarity on how to execute). How do they buy from you? What are you trying to accomplish through the execution of a customer segmentation strategy? Why does it matter to you? How will the policy be executed?

How to Build Better Supply Chain Finance Goals With Analytics

Turvo

Few events carry the notoriety of black swans, and the COVID-19 pandemic is the most unprecedented and disruptive event to affect supply chains in decades. Nothing comes close to the level of turmoil it has caused, and for supply chain leaders, the severe disruption, and changes to freight rates—not to mention limited capacity—contribute to more uncertainty. Everyone has access to some form of data, and every process generates more of it.

Ecommerce COVID-19 Advice: How to Manage Online Sales During COVID-19 [New Tips Updated Weekly]

ShipBob

We’re seeing large brick-and-mortar retailers frantically trying to figure out how to stay alive. And the bigger they are, the more costs they have and employees to lay off. It’s an opportunity for brands to get COVID-19 ecommerce advice from one another on how to run a long-term business at a time filled with uncertainty. COVID-19 ecommerce shipping and fulfillment FAQs. All the rules are out the window and you need to react.

[How to] Overcome the Impact of Covid-19 and Scale Your Retail Business

Vinculum

From living without going outdoors to practicing social distancing to wearing a mask to washing/cleaning hands frequently, we live in fear of Covid-19 every day. Not only has it impacted our lives, Coronavirus Pandemic has forced businesses across the world to suspend operations. For the rest of this year and into 2021, consumers are going to have different expectations for their shopping experience, particularly when it comes to health and safety precautions.

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How Adding Ship-from-Store to an Omni-channel Strategy Changes the Retail Network

Talking Logistics

Omni-channel retailers today require agility in order to compete and thrive. When it comes to adapting the retail network for an omni-channel approach, a focus on the customer is essential. Integrating a ship-from-store strategy can enhance customer service and serve as an important competitive differentiator. Ship from store has gained traction based on changing shopper expectations and buying trends. Shoppers expect to receive purchases within days – if not hours.

24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

The COVID-19 pandemic made it abundantly clear that effective supply chain management is crucial to the success of a business. Moreover, it’s vital to the health of the global economy. The pandemic crisis had global ramifications felt throughout the entire supply chain, from raw materials to finished products, and for many companies, building the resiliency needed to weather such storms has become the #1 challenge of supply chain management. How to solve it?

How to Stop Disruption in the Supply Chain From the Coronavirus

Veridian Solutions

Supply chain visibility is essential to getting ahead and keeping the risks of the coronavirus at bay. Supply chain leaders need to know the real risks, identify its effects, and understand the necessary steps to take to minimize their disruption in the supply chain. . What’s the Real Risk to the Chinese Supply Chain? In fact, 80% of the raw materials used by American drug companies to make generic drugs come from China.

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Retail Shipping Perfection is a Costly Reality

Zipline Logistics

One of the most consistent ways to find savings in transportation is through flexibility. But in the world of retail transportation, very few shippers have the ability to be flexible with their deliveries. However, as the retail industry evolves and changes to meet the demands for the modern consumer, that is exactly what retailers look for from their suppliers. What Does that Mean for Your Retail Shipping Efforts? There are many moving parts in retail shipping.

How To Find a Manufacturer or Supplier for Your Wholesale Business

EMERGE App

If you plan to start a wholesale venture, and you execute it right, then my friend you are in for some great profit margins! Once you decide the product that you will be wholesaling, you have to find the perfect supplier. You must keep your best interests in mind and select the best alternative according to it. Quality of product, shipping timings and so on vary according to your choice of supplier. But there are some pros and cons you need to be aware of.

6 Common Supply Chain Mistakes and How to Resolve Them

AFFLINK

Successful supply chain management requires a company to recover from disruptions, which are a normal part of any business. The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. Recent changes in supply chain solutions include building to order and obtaining supplies just before they're needed, resulting in a greater dependence on lead times.

How to Build, Grow and Control Your Wholesale Brand Image

EMERGE App

At first sight, developing your wholesale brand seems to contradict everything that your wholesaling and distribution business stands for. You’ve been dutifully supplying products to your retail customers for years. Now you want to break out of your anonymity and stand on your own with a brand identity. Well, your retail customers aren’t going to take kindly to it! Are you going to compete with them and sell directly to individual consumers?

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. If you need help, feel free to contact me or visit my website at TheLeanSupplyChain.com. First, look at inventory as MONEY/CASH.

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What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this. Nowadays it refers to inventory management software because computational power is needed to effortlessly calculate, for example, landed costs for purchases and CBM for your packing lists.

Why OmniChannel Solutions are Needed in Shipping & Logistics to Meet Consumer Demand

Cerasis

When the Internet first arrived, the idea of waiting for an extended period to receive a product was great, asserts Gordon Hellberg of Material Handling and Logistics. It opened up doors and gave millions access to products that were never available in local areas, regions, or other countries. However, Amazon is shaking up the mix by seeking to make today’s e-commerce practices obsolete, and shipping and logistics providers need to understand why.

How to Improve Manufacturing Floor Data Collection

Cerasis

To log, track and trace everything’, your vision of a better manufacturing floor. Here’s how you can improve manufacturing floor data collection, long-term. Your ability to track stock levels, keeps tabs on shipping dates and monitor costs are essential to any smooth running manufacturing plant. However, are you starting to outgrow your manufacturing floor data collection system ? The added benefit is that you can use your existing equipment to do this.

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How to build an automated warehouse system: which new technologies do you need and why?

6 River Systems

Many warehouses are seeking ways to leverage automation for better efficiency, but building an efficient automated warehouse system requires careful selection of the right technologies. Achieving efficiency requires choosing technologies that integrate well and work seamlessly together to fully optimize your processes. Your warehouse systems and software need to be able to share data between them, but those systems are not all the same and may have different data formats.

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 can be defined as below: “Inventory control is the function responsible for all decisions about all goods and materials in an organization. Inventory control often starts with how to know the demand of particular product.

Selling on Shopify for Beginners: Sourcing, Designing, and More

ShipBob

In 2004, three business founders attempted to build an online snowboarding equipment store, but they ended up being dissatisfied with the platforms available on the market. Shopify gained popularity fast due to its ease of use, robust functionality, and affordable pricing.

A Disruptive Innovation in the Energy Supply Chain

Supply Chain @ MIT

What supply chain must meet rare periods of peak demand with no inventory, and operates in an environment where demand equals supply? Sadoway and his team invented the new battery, which is due to start field trials in Cape Cod, MA, next year. It’s the missing piece of the energy puzzle, according to Sadoway. The grid is designed to meet peak loads, which is typically about 40% greater than the average load and occurs around 1% of the time.

Supply Chain Optimization 101: How to Best Harness the Power of Big Data

AFFLINK

More importantly, how can you leverage this fascinating technology into the world of supply chain optimization? The answer is both obvious and complicated — big data is comprised of huge data sets that can be analyzed by powerful, logarithm-fueled computers to yield valuable information about a given sector or processes. This includes trends, informational patterns, and non-intuitive links in both the business field and in the social sciences with regards to human behavior.