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Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Use ABC Analysis to Categorize Your Inventory. Remember to Count Inventory in Transit. MORE
Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. If we’re going to get inventory into consumer hands the same day they place the order, the inventory has to be 1) available and 2) less than 8 hours away. This requires us to push the boundaries of current inventory management practices, or hold lots of inventory network-wide. MORE
Unlocking cost reductions in logistics implies a direct need to improve warehouse and facility inbound logistics and outbound order fulfillment. Unfortunately, inventory control remains at the fringe of proactive logistics management. Organizations have spent years creating lean logistics strategies that are highly susceptible to disruption. However, the integration of last mile logistics, also known as.read More. MORE
As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. As a result, brick-and-mortar retail has become more focused on digital inventory management, a building block in the road to omnichannel supply chains , than in the past. MORE
With the constant technology evolution, the supply chain logistics is being introduced to a new and innovative way of shipping consignments. Saves time and money : TMS helps to reduce the amount of time and money spent on shipping and logistics services. MORE
What is Warehouse Management Software? A Warehouse Management Software (WMS) is one that helps plan, control, and manage the day-to-day manufacturing operations in a warehouse along with the guidance of inventory movement, optimizing order picking, and shipping of customer orders. The WMS guides the overall order and inventory replenishment on the factory floor. How can a Warehouse Management Software help manufacturers? Effective supply chain management. MORE
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. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Try using a Vendor Managed Inventory (VMI). MORE
As a self-identified traveler I am in love with airports and airport logistics. Airport Operations Management is an industry on its own that employs around 1.2 Just like any other industry, Airport Operations Management is improving with the help of technological innovations so that current challenges can be tackled. Although I felt quite a bit of excitement researching Airport Logistics, when it comes to travelling I am an impatient passenger. by Ilyas Kucukcay. MORE
What is Warehouse Management Software? A Warehouse Management Software (WMS) is one that helps plan, control, and manage the day-to-day manufacturing operations in a warehouse along with the guidance of inventory movement, optimizing order picking, and shipping of customer orders. The WMS guides the overall order and inventory replenishment on the factory floor. How can a Warehouse Management Software help manufacturers? Effective supply chain management. MORE
Consumer Packaged Goods (CPG) Global Trade Inventory Management Labor Logistics Technologies Omni-channel logistics Regulations Retail Statistics Supply Chain Risk Management This Week in News Trade Security Transportation The unemployment rate edged down slightly in February 2015, to 5.5%. While the unemployment rate for teenagers decreased 1.7% to 17.1%, the rate for adult men (5.2%) and women (4.9%) remained relatively unchanged. MORE
Large swings in supply and demand for different product categories and changes in distribution patterns left logistics managers grappling with the biggest challenge of their careers. How machine learning is transforming logistics. MORE
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. MORE
The dawn of the Internet of Things (IoT) is upon us and it is set to revolutionise many industries including inventory management. However, before we can understand how inventory management will be affected by IoT and how we can optimise this, we must first understand what exactly it is. So, what does this mean for inventory management and supply chains? Managing different players in the supply chain. MORE
On today’s episode, we welcome Margaret Bendis, US Marketing Specialist for a company called EazyStock a cloud-based software-as-a-solution (SaaS) that optimizes inventory management. How sound inventory management improves the supply chain, and what are the adverse impacts to the supply chain due to poor inventory management. What is the future of digitization as it relates to inventory management. MORE
Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net , the costliest problem is due in large part to poor inventory visibility and planning. What Are the Most Common Inventory Management Mistakes? As noted by Logistics Bureau , the most common inventory management mistakes include: Carrying excess inventory. Inventory Management MORE
Omni-channel is transforming retail transportation’s supply chain and logistics processes. 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? MORE
The impact has been far reaching, and at Logistics Viewpoints, we have documented many areas of concern, including the impact on manufacturing supply chains in Southeast Asia, the automotive and pharmaceutical supply chains, the high-tech supply chain, and the impact on retail. The post The Ongoing Impact of Coronavirus appeared first on Logistics Viewpoints. Inventory Management Life Stories Logistics Trends Retail Transportation coronavirus last mile stock outs supply chain MORE
Understanding today’s transportation market. Transportation capacity, namely truckload, is highly fragmented. The sheer amount of data involved in managing inventory can seem staggering without the proper technology in place to process it all. MORE
In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e., MORE
By 2020, the value of B2B e-commerce will surpass $1 trillion, and manufacturers, distributors, retailers, reverse logistics managers, third-party freight brokers and logistics services providers are working to keep up with the trend. E-Commerce Is Spurring Record Growth in Logistics E-commerce has made it impossible to meet the status quo with traditional technologies, and still, some shippers have not yet implemented e-commerce and TMS solutions. MORE
What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. MORE
appeared first on Talking Logistics with Adrian Gonzalez. Guest Commentary Guest Commentary - Transplace Transportation Management business continuity C-suite COVID-19 inventory management just-in-time logistics partnerships TMS TransplaceEven before the World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020, the novel coronavirus was already disrupting the global supply chain. MORE
What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. MORE
Tracking your inventory. RFID tags, sensors and beacons can more efficiently track your inventory as it’s moved around your premises, making it easier to locate inventory. Using devices that talk to each other on your business’ online network means that you can cut down on paper-based processes and paper-based storage, reducing inefficiencies in your online inventory management in the process. But how will it affect your inventory management software? MORE
The post Editor’s Choice: Retailers: Is Your Transportation Strategy Ready for Peak Season? appeared first on Logistics Viewpoints. Inventory Management Logistics Trends Omni-channel logistics Retail Transportation Management Systems COVID-19 peak seasonNote: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. MORE
Firms today are beginning to understand more and more that high levels of inventory aren’t just detrimental to costs but also for hiding other potential issues. Inventory management starts with lean buying and planning tactics as well as streamlined inventory management standard processes for material handling and planning. The beginning stage of inventory management doesn’t begin at the dock door rather it begins with the supplier. MORE
Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Instead of relying on traditional, outdated inventory management best practices, supply chain leaders should follow these 11 steps to leverage technology and improve inventory management at last. Use ABC Analysis to Categorize Your Inventory. Remember to Count Inventory in Transit. MORE
Transport company services article and permission to publish here provided by Saeed Darwish. Are you looking to hire a transport company? A transport company does far more than taking your shipment from point A to point B. Service #2: Logistical Services. Subscribe Here! MORE
Transportation is an integral part of Logistics. 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. On average, traffic managers commit and manage over 60 percent of a firm’s total logistics spend. Commodities can be transported by land, air, water and pipeline. MORE
They can buy and implement a transportation management system (TMS). Or they can outsource transportation planning and execution to a 3PL that provides managed transportation services (MTS). Food & Beverage Industry Inventory Management Logistics Outsourcing Supply Chain Optimization Transportation Management Systems inventory Mananged Transportation optimization TMS MORE
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. MORE
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. MORE
What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. In his opinion the way you do that is “By putting inventory close to customers. MORE
For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time. MORE
Logistically, hosting the Super Bowl is no easy feat, given everything that goes into it. The post This Week in Logistics News (January 20 – 26) appeared first on Logistics Viewpoints. Supply Chain News This Week in News Inventory Management logistics supply chain Transportation MORE
Common goals for reverse logistics are to improve customer satisfaction, cut costs, maximize return on assets. With the popularity of online shopping, the supply chain has become more multifaceted, increasing the importance of an organization’s reverse logistics strategy and inventory management practices. The Importance of Reverse Logistics. Logistics Transportation Supply Chain Inventory MORE
LeanCor
NOVEMBER 18, 2013
Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. If we’re going to get inventory into consumer hands the same day they place the order, the inventory has to be 1) available and 2) less than 8 hours away. This requires us to push the boundaries of current inventory management practices, or hold lots of inventory network-wide.
Supply Chain Game Changer
MARCH 26, 2020
Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Use ABC Analysis to Categorize Your Inventory. Remember to Count Inventory in Transit.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Cerasis
NOVEMBER 20, 2018
As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. As a result, brick-and-mortar retail has become more focused on digital inventory management, a building block in the road to omnichannel supply chains , than in the past.
LeanCor
JULY 17, 2014
Firms today are beginning to understand more and more that high levels of inventory aren’t just detrimental to costs but also for hiding other potential issues. Inventory management starts with lean buying and planning tactics as well as streamlined inventory management standard processes for material handling and planning. The beginning stage of inventory management doesn’t begin at the dock door rather it begins with the supplier.
EFT
AUGUST 7, 2020
What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. In his opinion the way you do that is “By putting inventory close to customers.
Cerasis
AUGUST 28, 2018
On today’s episode, we welcome Margaret Bendis, US Marketing Specialist for a company called EazyStock a cloud-based software-as-a-solution (SaaS) that optimizes inventory management. How sound inventory management improves the supply chain, and what are the adverse impacts to the supply chain due to poor inventory management. What is the future of digitization as it relates to inventory management.
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Logistics Viewpoints
JANUARY 21, 2021
Large swings in supply and demand for different product categories and changes in distribution patterns left logistics managers grappling with the biggest challenge of their careers. How machine learning is transforming logistics.
Veridian Solutions
JANUARY 27, 2020
Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages. Instead of relying on traditional, outdated inventory management best practices, supply chain leaders should follow these 11 steps to leverage technology and improve inventory management at last. Use ABC Analysis to Categorize Your Inventory. Remember to Count Inventory in Transit.
ThroughPut
JUNE 4, 2020
What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.
ThroughPut
JUNE 4, 2020
What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.
Unleashed
APRIL 10, 2019
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.
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Cerasis
JUNE 22, 2020
Unlocking cost reductions in logistics implies a direct need to improve warehouse and facility inbound logistics and outbound order fulfillment. Unfortunately, inventory control remains at the fringe of proactive logistics management. Organizations have spent years creating lean logistics strategies that are highly susceptible to disruption. However, the integration of last mile logistics, also known as.read More.
Logistics Viewpoints
AUGUST 24, 2015
They can buy and implement a transportation management system (TMS). Or they can outsource transportation planning and execution to a 3PL that provides managed transportation services (MTS). Food & Beverage Industry Inventory Management Logistics Outsourcing Supply Chain Optimization Transportation Management Systems inventory Mananged Transportation optimization TMS
Unleashed
DECEMBER 5, 2018
The dawn of the Internet of Things (IoT) is upon us and it is set to revolutionise many industries including inventory management. However, before we can understand how inventory management will be affected by IoT and how we can optimise this, we must first understand what exactly it is. So, what does this mean for inventory management and supply chains? Managing different players in the supply chain.
Talking Logistics
OCTOBER 15, 2018
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.
Cerasis
FEBRUARY 17, 2016
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. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Try using a Vendor Managed Inventory (VMI).
Veridian Solutions
MAY 28, 2019
Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net , the costliest problem is due in large part to poor inventory visibility and planning. What Are the Most Common Inventory Management Mistakes? As noted by Logistics Bureau , the most common inventory management mistakes include: Carrying excess inventory. Inventory Management
Logistics Viewpoints
JUNE 4, 2020
The post Editor’s Choice: Retailers: Is Your Transportation Strategy Ready for Peak Season? appeared first on Logistics Viewpoints. Inventory Management Logistics Trends Omni-channel logistics Retail Transportation Management Systems COVID-19 peak seasonNote: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice.
ThroughPut
MAY 26, 2020
What is Warehouse Management Software? A Warehouse Management Software (WMS) is one that helps plan, control, and manage the day-to-day manufacturing operations in a warehouse along with the guidance of inventory movement, optimizing order picking, and shipping of customer orders. The WMS guides the overall order and inventory replenishment on the factory floor. How can a Warehouse Management Software help manufacturers? Effective supply chain management.
ThroughPut
MAY 26, 2020
What is Warehouse Management Software? A Warehouse Management Software (WMS) is one that helps plan, control, and manage the day-to-day manufacturing operations in a warehouse along with the guidance of inventory movement, optimizing order picking, and shipping of customer orders. The WMS guides the overall order and inventory replenishment on the factory floor. How can a Warehouse Management Software help manufacturers? Effective supply chain management.
Unleashed
DECEMBER 12, 2018
Tracking your inventory. RFID tags, sensors and beacons can more efficiently track your inventory as it’s moved around your premises, making it easier to locate inventory. Using devices that talk to each other on your business’ online network means that you can cut down on paper-based processes and paper-based storage, reducing inefficiencies in your online inventory management in the process. But how will it affect your inventory management software?
Kinaxis
DECEMBER 3, 2019
As a self-identified traveler I am in love with airports and airport logistics. Airport Operations Management is an industry on its own that employs around 1.2 Just like any other industry, Airport Operations Management is improving with the help of technological innovations so that current challenges can be tackled. Although I felt quite a bit of excitement researching Airport Logistics, when it comes to travelling I am an impatient passenger. by Ilyas Kucukcay.
Logistics Viewpoints
MARCH 13, 2015
Consumer Packaged Goods (CPG) Global Trade Inventory Management Labor Logistics Technologies Omni-channel logistics Regulations Retail Statistics Supply Chain Risk Management This Week in News Trade Security Transportation The unemployment rate edged down slightly in February 2015, to 5.5%. While the unemployment rate for teenagers decreased 1.7% to 17.1%, the rate for adult men (5.2%) and women (4.9%) remained relatively unchanged.
Supply Chain Game Changer
DECEMBER 4, 2020
Transport company services article and permission to publish here provided by Saeed Darwish. Are you looking to hire a transport company? A transport company does far more than taking your shipment from point A to point B. Service #2: Logistical Services. Subscribe Here!
Cerasis
AUGUST 29, 2016
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.
Abivin
OCTOBER 10, 2019
Transportation is an integral part of Logistics. 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. On average, traffic managers commit and manage over 60 percent of a firm’s total logistics spend. Commodities can be transported by land, air, water and pipeline.
Logistics Viewpoints
MARCH 18, 2020
The impact has been far reaching, and at Logistics Viewpoints, we have documented many areas of concern, including the impact on manufacturing supply chains in Southeast Asia, the automotive and pharmaceutical supply chains, the high-tech supply chain, and the impact on retail. The post The Ongoing Impact of Coronavirus appeared first on Logistics Viewpoints. Inventory Management Life Stories Logistics Trends Retail Transportation coronavirus last mile stock outs supply chain
Talking Logistics
APRIL 20, 2020
appeared first on Talking Logistics with Adrian Gonzalez. Guest Commentary Guest Commentary - Transplace Transportation Management business continuity C-suite COVID-19 inventory management just-in-time logistics partnerships TMS TransplaceEven before the World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020, the novel coronavirus was already disrupting the global supply chain.
CH Robinson Transportfolio
AUGUST 26, 2020
Understanding today’s transportation market. Transportation capacity, namely truckload, is highly fragmented. The sheer amount of data involved in managing inventory can seem staggering without the proper technology in place to process it all.
Cerasis
AUGUST 9, 2016
For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.
Talking Logistics
APRIL 29, 2015
Omni-channel is transforming retail transportation’s supply chain and logistics processes. 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?
Logistics Viewpoints
JANUARY 26, 2018
Logistically, hosting the Super Bowl is no easy feat, given everything that goes into it. The post This Week in Logistics News (January 20 – 26) appeared first on Logistics Viewpoints. Supply Chain News This Week in News Inventory Management logistics supply chain Transportation
Cerasis
OCTOBER 16, 2018
By 2020, the value of B2B e-commerce will surpass $1 trillion, and manufacturers, distributors, retailers, reverse logistics managers, third-party freight brokers and logistics services providers are working to keep up with the trend. E-Commerce Is Spurring Record Growth in Logistics E-commerce has made it impossible to meet the status quo with traditional technologies, and still, some shippers have not yet implemented e-commerce and TMS solutions.
Talking Logistics
APRIL 27, 2015
In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e.,
PLS Logistics
DECEMBER 8, 2016
Common goals for reverse logistics are to improve customer satisfaction, cut costs, maximize return on assets. With the popularity of online shopping, the supply chain has become more multifaceted, increasing the importance of an organization’s reverse logistics strategy and inventory management practices. The Importance of Reverse Logistics. Logistics Transportation Supply Chain Inventory
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