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. Warehouse managers must understand why changes of standards and use of the Internet of Things (IoT) are needed and how smart warehouses can meet the demands of today and tomorrow.

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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Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. Procurement

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

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.

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Transportation Sourcing in an Omni-channel World

Talking Logistics

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?

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

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.,

What Are Some of the Necessary Skills of Great Inventory Managers?

Unleashed

If optimal inventory control is imperative to maintaining a successful, sustainable and profitable business, then it’s obvious that capable inventory managers play a crucial role in achieving this. Inventory managers are responsible for leading a team of workers as they manage the flow of inventory stock in, through and out of the business. Great inventory managers. Inventory forecast capabilities. Inventory cost analysis.

5 Global Transportation Themes to Look Out for in 2015

Talking Logistics

Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope. Transport optimization typically reduces spend by 5-15%.

Using Lean to Manage Inventory!

Supply Chain Game Changer

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. What is Lean Inventory Management? Subscribe Here! Email Address.

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Is it time to integrate your supply chain design with execution?

JDA software

Today, a company’s success is largely driven by: its network design and how that company manages its supply, production and distribution locations. its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability.

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Consequently, all processes, including inventory management, logistics, data analytics and ongoing performance management, as reiterated by the staff of Supply Chain 24/7, improvement, can be optimized, creating a more efficient, direct and intelligent supply chain network.

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What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “Supply Chain Management”? Subscribe Here! Email Address.

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. Inventory is both.

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.

Integrated Planning: Is It Rubbish? Be Careful What You Ask For….

Supply Chain Shaman

I find most companies are good at pockets of planning–demand planning, supply planning, transportation planning, material planning or plant scheduling, but the flows are not connected. Few implementations of planning connect to procurement and transportation.

5 Quick Solutions for Simplifying Supply Chains

Unleashed

In an attempt to get back to supply chain basics, companies need to scrutinise their processes, from procurement through to storage and shipping. Sure, data is king when it comes to helping forecast future demand and inventory stock needs but the ability to collect data is not always supported by the ability to filter and manage that data correctly. Also, customers will avoid businesses that routinely have out of stock inventory, shipping delays and errors.

13 Amazing Logistics & Supply Chain Mobile Applications

EazyStock

These apps help companies achieve every business process from tracking inventory and shipments to booking meetings with clients to tracking tasks and projects. OmniFocus – Task-Management App. EazyStock – Inventory Optimization Software. Desk – Issue Management.

The Supply Chain Game Changer Job Board!

Supply Chain Game Changer

It includes functional areas such as Procurement, Purchasing, Freight, Logistics, Planning, Material Handling, Inventory Management, Cash Flow Management, Quality Management, Diversity, Customer Support, Systems Design and Deployment, Business Process Engineering, and Business Management.

The Best Practice Frontier in the 3D Supply Chain Triangle

Arkieva

In a previous blog “ Balancing Cash Cost and Service: The Supply Chain Triangle ” we have introduced the idea that supply chain management is all about balancing three corners of a triangle: cash, cost and service. Ensure continued alignment by sharing inventory turns as a KPI.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Before we get into blockchain’s potential entry points into the supply chain ecosystem, let’s take a look at the two current trends in SCM *(Supply Chain Management): Dynamism SCM has evolved to become a huge, global ecosystem. Outcomes: improved inventory management; More accurate determination of re-order points; Better on-shelf availability.

Supply Chain as a Service (SCaaS)!

Supply Chain Game Changer

The 3 Pillars of Digital Procurement! Virtually every type of software application is offered in a SaaS model, including software to support ERP, TMS, CRM, Inventory Management, and Invoicing applications, all of which are related to Supply Chain. Subscribe Here! Email Address.

Reflections on the LIVING Supply Chain SCRC Meeting

NC State SCRC

In my session, I articulated some of the “New Rules of Supply Chain Management”, that follow along the lines of the natural world that exists in the Serengeti and in nature. Managers who think about not just the technology shifts, but the shift in mindset as we move more towards “federated”, integrated networks, will be the ones that will avoid extinction in the massive shifts that lie ahead. Maintenance manager cares about that.

Software is Not Enough: SAP and Descartes Partner on TMS Connectivity

Talking Logistics

How will you establish and manage electronic communication with carriers and other trading partners? Therefore, companies must take into account the time, cost, and resources required, upfront and on an ongoing basis, to enable and manage a connectivity network.

Airbus harmonizes its global procurement processes with AirSupply

SupplyOn

Airbus harmonized its global procurement processes with a innovative, highly comprehensive initiative featuring AirSupply, earning a well-deserved nomination for the German Logistics Award The construction of an aircraft is preceded by a highly complex, sophisticated procurement process. Managing this is a challenge in itself. “Almost every one of the 800 aircraft we delivered in 2018 is unique,” says project manager Thomas Moik.

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

Have someone, like a Safety Manager, be accountable and responsible for safety and ongoing safety training. There are Labor Management Software systems that can help manage work in the warehouse. transportation fuel) at a reduced cost that comes with buying in greater quantities.

This Week in Logistics News (October 8-12, 2018)

Talking Logistics

I have to go to the grocery store again today to replenish our inventory (yeah, I don’t shop for groceries online; as the son of a bodegero, I’m old fashioned that way.). Trimble Acquires Brazil-Based Veltec to Expand its Global Portfolio of Transportation Solutions.

Join BVL International at the North American chapter kickoff on August 12, 2013

Supply Chain View from the Field

Several trends identified in the study demonstrate that a number of major challenges lie ahead as the world becomes a more complex place in which to operate logistically,” said Dr. Rob Handfield, University Distinguished Professor of Supply Chain Management at the NC State University Poole College of Management. In essence, the results indicate that logistics and supply chain management should primarily enable a company to satisfy its customers’ needs.

This Week in Logistics News (September 15-19, 2014)

Talking Logistics

It’s clear from this week’s long list of news that the pace of change and innovation in supply chain management continues to accelerate. SAP Ushers in New Era of Collaborative Supply Chain Management. Infor Aligns With MercuryGate To Strengthen Transportation Management.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

This silo mentality, along with the physical inability to distribute information in real-time, can make it difficult to determine if and how operational decisions will affect an organization, starting with sourcing and procurement and ending with reverse logistics.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

This silo mentality, along with the physical inability to distribute information in real-time, can make it difficult to determine if and how operational decisions will affect an organization, starting with sourcing and procurement and ending with reverse logistics.

5 Best Logistics Books for Beginners

Supply Chain Opz

In the United States, the median wages for a Logistics Manager is around $90,000 annually. So, the career in logistics management can be very lucrative if you have a career plan and keep on developing yourself. However, most logistics/supply chain managers will have to spend some years in various functions to gain the cross-functional knowledge. Customer service and order fulfillment is the building block of modern logistics management.

The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. 5 Tips for Warehouse and Distribution Center Management Success You MUST Instill Today.

Takeaways from Manhattan Associates’ Momentum 2017 Conference

Talking Logistics

While new software releases that improve both the effectiveness and efficiency of store, warehouse, transportation and inventory management are frequently introduced, adoption of the latest technologies is often slowed by the need for significant capital investment or change management requirements.

The Top 6 Reasons to Have a Good Inbound Logistics Program

Cerasis

Most transportation costs in a company arise from inbound logistics cost. If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Better Visibility Leads to Effective, More Accurate Inventory Management. Better visibility through an inbound logistics management program promotes better inventory management.

9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. 9 Key Topics to Understand to Frame A Shipper's Mind for Effective KPI Management.

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The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. Twitter Facebook Google+ LinkedIn The post The Top 6 Trends in Logistics Impacting Shippers in 2017 appeared first on Transportation Management Company | Cerasis.

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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. Review Inventory turns and Return on Assets.