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Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Optimized Inventory Builds Credibility.

The Answer Isn’t More Truck Drivers – It’s More Information

Talking Logistics

A report from the American Trucking Associations says more than 70 percent of goods consumed in the U.S. It’s not a driver problem…it’s an information problem. Ask yourself: Do I have real, accurate information?

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Will the Internet of Things (IoT) Help Eliminate Information Latency and Deficiency in Supply Planning?

Kinaxis

More and more sensors are getting embedded in the “things” and leading to an explosion of information availability. Will IoT design enable us to get demand signals from the products and sensory information from the entire set of physical infrastructure for planning?

How AI and the IoT Can Change Transportation Management

Cerasis

The percentage increase describes consumer applications, but the idea of connected vehicles should garner interest from other sectors such as shipping, logistics, and transportation. As applied to transportation management, that automated decision-making ability is critical.

Utilizing a 3PL to Apply Transportation Management Best Practices For E-Commerce

Cerasis

Transportation Management Challenges in E-Commerce Although e-commerce represents an excellent opportunity for shippers, it results in the creation of additional challenges in managing freight spend and moving products. Benchmark existing freight spend and use of transportation modes.

Excess Inventory? No Problem. You Have Trailers In the Yard.­­

Talking Logistics

With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. The rise in e-commerce has caused a dramatic surge in the demand for industrial real estate,” The Real Deal reports. Phillips writes in Swamped With Inventory, U.S.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. The first step to controlling inventory flow effectively is liquidation of all non-essential products, explains Paul Trujillo of Business2Community. This will help to prevent the reordering of slow-moving products and ensure optimum inventory levels.

Where Do We Go From Here? Taking a Look at the 2016 State of Logistics Report

Cerasis

The prices of fuel continued to drop, and growth in the logistics industry slowed to a painstaking crawl of less than So, let’s take a closer look at what findings were released within the 2016 State of Logistics (SOL) report and how they impact current and future logistics processes.

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Don’t Take a Holiday from Inventory Management

Talking Logistics

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Companies that have too much inventory on-hand right now are struggling to clear out space ahead of the season, slashing prices and concerning stakeholders as profit margins creep downward.

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

Kinaxis

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. The report also mentions that the global growth rate is almost double that of the US food industry.

IoT Inspired Smart Warehouses Are Reinventing Inventory Management

Cerasis

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Although not subject to the risk of cybersecurity, the costs of manual processes and systems management can be up to 31-times greater than those of digital systems, reports informIT.

Lost Warehouse Inventory? What to Do and When to Write It Off

Cerasis

No one wants to think about lost warehouse inventory, and it can be organizationally frustrating to determine the best process to find, research, and rectify inventory discrepancies. One of the primary reasons a company implements a warehouse management system (WMS) is to know the exact location of their inventory; if the inventory is not there, one might think it is easy to just write that inventory off the books. Automate Inventory Control to Reduce Errors.

Performance Reporting and the Operational Restructuring Process

Silvon Software

How Does Performance Reporting Come Into Play? Rapid plant improvement / turnaround: Operational performance reporting can also help manufacturing organizations better assess, valuate and prioritize risks and opportunities relative to production execution.

4 Challenges in Global Transportation Management

3rdwave

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. Transportation Cost Management. Information Accessibility.

The 2017 State of Logistics Report: Uncertainty, Unsustainabiltiy Usurp Logistics  

Cerasis

The 28th Annual Council of Supply Chain Management Professionals ( CSCMP ) 2017 State of Logistics Report, published by A.T. However, this year’s report comes on the heel of a polarizing election and inauguration, so its findings may come as a surprise to shippers.

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Retail Inventory Management Tips to Get The Most Out of Your Warehouse

Cerasis

The wrong retail inventory management strategy increases carrying costs and makes it impossible to stay competitive. Common obstacles encountered when it comes to effective inventory management include having poor visibility into fast-moving versus slow-moving product, extensive travel times between bin locations, and lost revenue due to poor labor productivity. Count all physical inventory, using technology where possible. Customize your inventory management strategy.

Centralised Inventory Management: Is it right for you?

Unleashed

Inventory management is a game changer when it comes to retail profitability. When your inventory is managed well, other parts of your business reap the benefits. However, the importance of inventory management isn’t always appreciated and can be overlooked by business owners. This is interesting because, from a financial point of view, inventory is one of your greatest assets. If you overstock your inventory, this becomes a liability.

Real-Time Inventory Management: 5 Ways Advanced Computer Analytics Will Transform Traditional Inventory Management

Cerasis

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. In our predictions’ blog post from earlier this year, we noted how customization will begin to replace traditional inventory management, and essentially, customization goes back to using computer analytics to generate a more accurate, successful view of inventory management.

Getting Inventory Right: Hope with Hype and Recycled Software?

Supply Chain Shaman

Several good friends in consulting roles are sharing information on SAP HANA from SAP Insider; and this morning, LLamasoft announced the acquisition of the LogicTools assets from IBM. It will delay my report. It is morning in Orlando. The sun is rising.

Transportation Management System ROI: What Other Business Areas Can Benefit?

Cerasis

Unless your organization has been absent from the takeover of TMS in the conversations of online and print media, you have likely encountered plenty of reasons why a transportation management system (TMS) benefits shippers. Unfortunately, the information is not always clear, and figuring out if the investment into a TMS is worth it can be even more frustrating. Let’s take a closer look at how Transportation Management System ROI actively strengthens supply chains.

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. Best-in-class global transportation empowers an organization to optimally manage its supply chains dynamically and holistically.

What Should an LTL Transportation Management System Do for Me as a Shipper?

Cerasis

That is the word being used to describe the state of the logistics industry in 2017, reports William B. Last year, the 2016 State of Logistics Report alluded to rising shipping volume, partially responsible for decreased overhead costs, as a driving force behind declining overhead costs across all modes of shipping. What Modules Should an LTL Transportation Management System Offer? Reporting and Insights. appeared first on Transportation Management Company | Cerasis.

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

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock.

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Top 5 Questions About Keeping Transportation In-House

Talking Logistics

Is this true for your in-house transportation management department? Why would you hand over your transportation management to someone else? There are viable reasons to outsource the system, people, or both; for example, your transportation requirements are not unique enough to staff a full department. Other segments in your business could be outsourced, but a core function like transportation planning within your supply chain might not be one of them.

What’s the ROI Of Transport and Logistics Providers & A TMS?

Cerasis

Much talk about sales, automation and improved processes dominate the conversation when considering outsourcing logistics processes to a transport and logistics providers or using a 3PL-based transportation management system (TMS). Often, the transport and logistics providers' reps claim initial returns may be as high as 25 percent, if not greater. In reality, the actual savings and return tend to be closer to 10 percent, reports Inbound Logistics.

5 Examples of an Efficient Transportation Management System

4WL Consulting

With the rising cost of transportation, companies are desperately vying to look for an efficient systems and processes that make their teams more productive. 5. Customized Reporting The TMS has another significant advantage of drafting reports that can be changed as per requirements.

Looking For a Job? Here’s The Top 10 Transportation Jobs

Cerasis

Editor's Note: Today's blog comes from our friend Michael Stoddard who shares the top 10 transportation jobs in the industry. If you happen to find yourself searching for careers in logistics, transportation and supply chains, you'll be happy to know that there's no shortage of positions.

Transportation TIP List: Week of April 7th, 2019

Transplace

Transportation TIP List: Week of April 7 th , 2019. Keep reading below to stay informed about the ongoing delays. Inventory and supply chain management is expected to see a 20.2% The post Transportation TIP List: Week of April 7th, 2019 appeared first on.

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Road Report: 2018 OPEX Oil and Gas Summit

TrackVia

One attendee I spoke to worked in the supply chain division for a large petroleum refining, marketing, and transportation company. In particular, he shared how employees in their remote well locations use paper checklists to gather critical information.

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. Best-in-class global transportation empowers an organization to optimally manage its supply chains dynamically and holistically.

Quarterly Report for On-Demand Warehousing Pricing and Usage: 2016 Summary

FLEXE

In supply chain, traditional methods for managing inventory fluctuations with short-term solutions hasn’t been simple. From electronic document management to real-time visibility into transportation logistics, software is modernizing the supply chain.

Cloud-Based TMS: 7 Reasons Why Transportation Management Systems Have Their Heads in the Cloud

Cerasis

Transportation management systems ( TMSs ) are not a new concept, but where they are hosted now, in the cloud, is still new to the shipping industry. Traditional challenges, like managing updates, integration between different systems and multi-location deployment, can be overcome through cloud-based TMS , reports Merrill Douglas of Inbound Logistics. The basic benefit and reason for the cloud-based deployment of a TMS lies in storing information in a central location.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. The reality is that most companies do a poor job of managing the global transportation process…if they manage it at all.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Selecting the correct software system for the business helps to attain process efficiency, gain visibility into the supply chain, and decrease general transport costs. TMS has become an indispensable tool in a growingly competitive and complex transportation landscape.

How AI and the IoT Can Change Transportation Management!

Supply Chain Game Changer

The percentage increase describes consumer applications, but the idea of connected vehicles should garner interest from other sectors such as shipping, logistics, and transportation. Leaders in these industries would be wise to plan for a future where AI and the IoT transform transportation management. It acts as the driver, helping the connected ‘thing,’ which could be a vehicle or inventory system, make smarter decisions.”. Subscribe Here! Email Address.

Four Reasons Why You Should Be Using Transportation Management Software

GTG Technology Group

Adopt Transportation Management Software Today. Transporting goods seems straightforward, but to the experienced professional, it’s a complicated balance of success, unforeseen circumstances, and problem management. Stop Holding Your Company Back!