GlobalTranz

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.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

The Logistics of Logistics

OCTOBER 8, 2012

Chuck specializes in Supply Chain Optimization, Third Party Logistics (3PL) and International Purchasing and Importing Consulting. The post Managing a Third Party Logistics Partnership appeared first on The Logistics of Logistics. He also writes for THE GOOD WORD, LinkedIn and other Supply Chain Blogs.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

SCMDOJO

NOVEMBER 17, 2023

Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. Whether it’s purchasing, procurement, transport, technology, facilities, or other specialized areas, understanding your passion will influence the subsequent steps in this rewarding career path.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Negotiating Skills 70

GlobalTranz

OCTOBER 21, 2015

This is the first post in an ongoing series on effective KPI management from third party logistics consultant, Chuck Intrieri, of The Lean Supply Chain. . Many logistics service providers will provide their customers with an SLA. For example: Inventory Record Accuracy has to be 98-100% accurate daily. Collaboration.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

The Logistics & Supply Chain Management Society

JULY 16, 2023

These changes can be caused by factors such as natural disasters, political unrest, trade disputes, or disruptions in transportation networks. The scarcity of skilled professionals in areas such as logistics, procurement, and data analytics can hinder the ability to effectively manage and optimize supply chains.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

GlobalTranz

JUNE 25, 2015

Do you carry too much inventory? They have the funds to access the latest technology, complete extensive R&D and implement new innovations surrounding logistics and supply chain management. They have it down to a science, and they really must all work together to maintain their six sigma performance.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Modeling Software 120

GlobalTranz

JULY 12, 2016

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. Reduce inventory with cross-docking or use Kanban pull systems. Implement a reward system for major victories.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

Logistics Viewpoints

APRIL 29, 2021

DCs can initially deploy a handful of robots as transporters, or add automated lift trucks for a proportion of inbound full pallet putaway without betting their business on end-to-end automation. Inventory and Labor Planning. One practical example of dynamic is AI-based batching and pick path optimization to reduce travel.

Optimal Sourcing 150

Optimal Sourcing Optimization Software Supply Chain Design Software Supply Chain Planning Software 150

SCMDOJO

JUNE 21, 2023

This approach allows businesses to focus on their core competencies while leaving the logistics to experts who can optimize the process for efficiency and cost-effectiveness. This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Optimal Sourcing 89

Logistics Viewpoints

MARCH 6, 2023

The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.” The executive meeting will generate lean six sigma projects where analysts are tasked with going out and discovering more granular costs.

Supply Chain Planning Software 234

Supply Chain Planning Software Supply Chain Transformation Modeling Scenario Planning 234

GlobalTranz

JANUARY 4, 2017

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

Talking Logistics

MARCH 31, 2015

With the logistics industry growing at 22 percent annually, both shippers and transportation providers are searching for workers who have what it takes to succeed in their line of work, which increasingly is being driven by information technology. Chattahoochee Technical College is a perfect example. is another example.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Optimization Software Demand Planning Software 100

GlobalTranz

OCTOBER 23, 2015

Sales, Inventory, and Production Planning (SIOP) should be used for business planning and strategy in the shipper, 3PL relationship. The logistics service level agreement and Quarterly Business Review (QBR) should be detailed with specific 3PL KPIs. Six Sigma Quality and problem solving are necessary for Continuous Improvement.

KPI 120

KPI 3PL Supply Chain Planning Software Resource Reduction 120

SCMDOJO

JUNE 14, 2023

Thankfully, outsourcing logistics services to a reliable third-party logistics provider (3PL) can make a significant difference. A 3PL offers a comprehensive range of services, including transportation, warehousing, distribution, and value-added solutions such as inventory management, packaging, and assembly.

3PL 77

3PL Supply Chain Design Software Prescriptive Analytics Software Inventory Management Software 77

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

GlobalTranz

JANUARY 8, 2016

Chuck Intrieri is a Supply Chain Optimization, Logistics, Manufacturing, and 3PL Selection Consultant and you can visit his website at [link] or give him a call at 714-788-0744 or shoot him an email at cmiconsulting93@gmail.com. Part of the Business Plan was Sales and Operations Planning (S and OP) or SIOP adding Inventory Management.

Manufacturing Procurement 120

Manufacturing Procurement Eliminating Excel in Purchasing Supply Chain Planning Software Manufacturing 120

Talking Logistics

AUGUST 3, 2017

Manufacturers and CPG companies looking to employ (and scale) DTC will have to start thinking about inventory holding locations that can service customers directly without a retailer (and its network) or find another channel to ultimately service that end user, such as Amazon or Wayfair.

Supply Chain Planning Software 103

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Logistics Network Optimization Software 103

SCMDOJO

APRIL 4, 2023

This means tracking everything from customer relations to inventory management, financial investments, transportation and delivery processes, and workflow processes. Examples of such analyses include the performance of a supply chain or the inventory levels of a warehouse. What are some examples of Supply Chain Analytics?

Prescriptive Analytics Software 110

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 110

USC Consulting Group

JANUARY 10, 2022

They employ methodologies like Lean Six Sigma, SIOP, the Four Ms and other tactics to uncover what’s bedeviling your operation and create ways to solve those problems. It’s a useful process, but we’ve found it’s missing a critical area: Inventory. With SIOP, you can make your inventory work for you.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Manufacturing Procurement Inventory Reduction 40

SCMDOJO

AUGUST 21, 2023

Impact on Supply Chain: The realm of Supply Chain has witnessed a profound impact courtesy of Professor Rodriguez, a distinguished Supply Chain Management instructor and seasoned logistics professional. > Watch Now: Top Supply Chain Job Search Boards > Watch Now: Industry Terms You Need to Know 4) Dr. . >

Negotiating Skills 97

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 97

GlobalTranz

MARCH 23, 2016

The focus is to eliminate all wastes in the organization, improve processes, solve root cause problems, create a pull environment, and ensure that Lean Six Sigma (LSS) works for quality and daily problem solving using DMAIC (Define, Measure, Analyze, Improve, and Control) and PDCA (Plan, Do, Check, and Act). Why are we doing this?

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

Logistics Bureau

NOVEMBER 16, 2020

And now let us examine the reasons why a career in logistics offers so much diversity to so many workers. Another option is to work in a warehouse, or in transport, or maybe in customer service where you are dealing with people all the time. APICS, for example, runs some really good supply chain and logistics programmes.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Supply Chain Opz

JUNE 1, 2014

The reason why they can do this is that customized products are sold directly to customers so they have the higher profit margin to compensate the higher transportation cost. Managing transportation at this scale is the absolute challenge. The answer is that they use the multi-echelon inventory model to solve the problem.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Logistics Bureau

JANUARY 19, 2016

How to fix the problem: Some measures that your company can take to prevent supply chain cost blowouts as a result of inefficiency include: Implement a continuous improvement program, such as lean or Six Sigma. The problem is usually created by holding too much static inventory. Inefficient use of transportation modes.

Supply Chain Planning Software 40

Supply Chain Planning Software Cost Reduction Strategies Negotiating Skills Agile and Lean Supply Chain 40

SCMDOJO

FEBRUARY 21, 2024

When it comes to effective and profitable road transport management, it is undeniably crucial you get a reliable 4PL provider to handle your logistics. First, understand the difference between 3PL and 4PL in logistics. 3PLs focus on various logistical areas and topographical locations. What is 4PL?

Logistics Network Optimization Software 66

Logistics Network Optimization Software Logistics Supply Chain Planning Software Agile and Lean Supply Chain 66

Logistics Bureau

DECEMBER 3, 2017

Our blog posts and articles here at Logistics Bureau are almost always written to inform, but this time we’re writing with a request for information. Introductory Supply Chain Topics: We cover the fundamentals of supply chain and logistics management, making SCLA suitable for staff from areas not directly involved in the supply chain.

Education 40

Education Purchasing Skills Buyer Training Supply Chain Design Software 40

Supply Chain Game Changer

NOVEMBER 11, 2018

That is how I got into logistics management and gained deep warehousing and transportation experience. I moved into the third-party logistics industry just as that was taking off and gained a ton of experience in logistics costing, WMS installation, selling services and technology skills.

SCM 43

SCM Supply Chain Planning Software Buyer Training Supply Chain Software 43

Talking Logistics

JULY 17, 2018

Analyze each box size in your inventory, and know what weight is expected for each box size stocked in your facilities with your dim factor. Formerly, Mark worked for Lowe’s and Fedex and his background includes operations, transportation network engineering, new service development, and parcel spend management.

Pricing Training 120

Pricing Training Negotiating Skills Purchasing Training Optimal Sourcing 120

6 River Systems

FEBRUARY 22, 2019

Choose software that facilitates the valuation and control of permanent inventories based on inputs or outputs, with automated stock alerts, that is versatile and independent of the type of business. Define normal parameters and fine-tune the physical inventory system. Once the method is working, standardize it. Robin Schwartz, PHR.

Cost Reduction Strategies 56

Cost Reduction Strategies Inventory Reduction Material Savings Warehousing 56

Supply Chain Game Changer

NOVEMBER 22, 2018

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. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

Inventory Reduction 68

Inventory Reduction Agile and Lean Supply Chain Lean Waste Reduction 68

The Lean Supply Chain

FEBRUARY 24, 2015

Expectations of performance: • Customer service: Use of VOC=Voice of the Customer techniques to satisfy your customers: on tome delivery to your customers. • Transportation: asset/non-asset? . • Assessorial activities: taping, banding, labeling, assembly work, etc. How to handle the FSC (Fuel Surcharge?);increases.

Third Party Logistics 40

Third Party Logistics 3PL Negotiating Skills Negotiate Pricing 40

The Lean Supply Chain

AUGUST 5, 2015

A service-level agreement (SLA) is a contract between a logistics service provider and a customer that specifies, usually in measurable terms, what services the logistics service provider will furnish. Many logistics service providers will provide their customers with an SLA. Not everything is costs or price discussions.

Negotiating Skills 40

Negotiating Skills Logistics Network Optimization Software KPI Six Sigma 40

GlobalTranz

MAY 6, 2015

o Transport—unnecessary movement of product. o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. o Packaging—containers that transport air or allow damage. Inventory velocity and inventory reduction. o Lead time—excessive wait times.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Lean 120

Talking Logistics

OCTOBER 17, 2016

Added complexity often results in added waste, and the most common forms of waste from a lean supply chain perspective include : Transportation : unnecessary (non-value added) movement of parts, materials, or information between processes. Take, for instance, Six Sigma black belts.

Waste Reduction 100

Waste Reduction Agile and Lean Supply Chain Six Sigma Supply Chain Optimization 100

Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. Reverse logistics. Inventory levels.

Inventory Reduction 88

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 88

Talking Logistics

JUNE 6, 2017

Thankfully, digitization of inventory and technology like real-time shipment tracking from 3PLs are taking the pinch out of switching for these companies. Inventory age optimization, which pinpoints the risks of products aging out, perishing, or becoming otherwise unsalable through stagnation.

Supply Chain Design Software 169

Supply Chain Design Software Supply Chain Design Optimal Sourcing Supply Chain Optimization 169

The Lean Supply Chain

MARCH 22, 2015

o Transport—unnecessary movement of product. o Space—holding places for unnecessary inventory. o Inventory—inactive raw, work-in-process, or finished goods. o Packaging—containers that transport air or allow damage. o Lead time—excessive wait times. o Human effort—activity that does not add value.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Lean Waste Reduction Supply Chain Planning Software 40