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Optimizing Retail Supply Chains to Meet Demand and Reduce Costs

Transportfolio

It’s no secret that retail supply chains can be particularly complex; trying to continuously meet changing consumer demands while also driving growth can result in missed opportunities to manage cost and drive efficiency. Change your thinking on retail procurement.

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

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.

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.

OPTSUM 2015: Where SCM meets Science

Supply Chain Nation

He also provided a heuristic solution to the truck packaging problem that helps negotiate the number of trucks to be booked for transportation. Connecting the dots between demand, fulfillment, transportation and warehouse management was the theme for JDA’s Rajiv Bhuta.

SCM 101

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.

Lean 171

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.

Added Political Developments Related to Brexit Add to Uncertainties

Supply Chain Matters

The meeting lasted from early evening upwards to midnight, reportedly because Council members sought assurances that a deadline extension would not have to be revisited once again.

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. Procurement’s Role Did Become More Important.

Lean 165

Reflections on the LIVING Supply Chain SCRC Meeting

NC State SCRC

The SCRC meeting was a huge success yesterday. The SCRC meeting featured a group of executives, students, and faculty participating at the Supply Chain Resource Cooperative meeting yesterday in Raleigh, held at the new Talley Student Center on the NC State campus. This discussion was followed up by a great presentation from Vince Messimer, who is retiring from Shell Oil after 34 years with the company as their head of procurement for Shell Manufacturing.

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.

5 Procurement Management Tips for the New Kid on the Block?

AFFLINK

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations.

Time to turn around inventory falls by two days says new report

EFT

The median time for retailers to move returns back to inventory ready for resale has fallen from 2017 to 2018, from a median of seven days down to five days. Gabi Weisel, Director Global Indirect Procurement, Estée Lauder.

Supply Chain Matters News Capsule for July 25- Zara, Pratt & Whitney, Hershey, Mars

Supply Chain Matters

This initiative was revealed at Zara’s parent company, Inditex SA, annual stockholder meeting earlier this month. The tracking system embeds chips inside of the plastic alarms attached to various garments and supports real-time inventory tracking. […]. It’s the end of the calendar work and this commentary is our running news capsule of developments related to previous Supply Chain Matters posted commentaries or news developments.

Is Today April Fools Day in Global Trade or Another Chapter in Industry Supply Chain Risk Mitigation?

Supply Chain Matters

The current temporary measures related to augmented warehousing, transportation, distribution and logistics capacity can only sustain themselves for a finite period. The headline PMI rose to a 13-month high while UK based businesses stepped-up production to build-up inventories in advance of the deadline. Capital, intermediate and consumer goods inventories where each reported as increasing at a record pace and at record highs.

Global 100

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. It is important for inventory managers to understand what products they are managing.

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.

7 Questions: How Oil and Gas Companies Can Save on Transportation

Transportfolio

But if you answer “yes” to any of them, you may be making common supply chain errors that can dramatically increase transportation spending. Do your suppliers pay the shipping costs for your procurement material? Do you use the same transportation method whenever you ship?

eBook 53

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

Supply Chain Shaman

…for 8:00 AM strategy meeting(s) with clients.) ” Their systems were not meeting their expectations. Each are good at localized planning within a focused area of demand, supply, network design, transportation planning, material sourcing or finite scheduling.

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.

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.

Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory.

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. EazyStock – Inventory Optimization Software. The system makes forecasting and inventory planning easy.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Procurement departments must take the full burden of ensuring supplier consistency. Shippers should also expand available carrier routes to meet changes in suppliers used. Transport Loss. riskmanagement #supplychainmanagement #procurement #distributionlogistics.

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

In the mid 1950s, this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers. Check out Why don’t you have a TMS (Transportation Management System) Solution yet? .

Effective Warehouse Management in an Omnichannel World

Cerasis

An effective warehouse management strategy is key to staying competitive and meeting consumers’ expectations in the omnichannel world. Knowing the available inventory and assets only in distribution centers is inefficient and lacks value, but when applied across an entire supply chain network, inventory visibility propagates effective warehouse management. Using scalable technologies, like SaaS, to accommodate changes in warehouse inventory.

Dispelling Three Common Myths about Global TMS Deployment

Talking Logistics

For the last couple of decades transportation management systems (TMS) have revolutionized supply chains, helping companies streamline their logistics processes, achieve greater visibility into their operations and save significant dollars on transportation. You go from Europe to the Americas to Latin America to APAC with your transportation needs and there are all sorts of very specific requirements, whether tactical, operational or strategic.

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

Talking Logistics

I’d welcome the opportunity to meet with supply chain executives to discuss your research questions and objectives for the coming year, and with technology companies and 3PLs to get an update on your products and services. Infor Aligns With MercuryGate To Strengthen Transportation Management.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Do this through assessment, top-to-top meetings, and ongoing feedback.

Resin prices vary a lot more than you think! RTi helps you understand why.

NC State SCRC

I had a great opportunity to meet with CEO Pete Suerken from Resin Technologies Inc. (RTi), RTi, based out of Forth Worth, TX, is working with NC State’s Supply Chain Resource Cooperative, attracted by our strong program in procurement and supply chain, the focus on analytical thinking and modeling, and the mix of engineering and business students who work on projects with our industry partners.

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

Cerasis

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets.

Building Your First Model

Arkieva

Refer to your informal meetings and ask what questions your model should help answer. Transportation. Procurement lead times (supplier to location). Inventory by product location. Current inventory. Target inventory. Procurement by location – materials. Transportation to the client can have distance, cost, mode, energy consumption, supplier, possible time slots for delivery and more.

Driving Profitable Growth Through Effective Supply Chain Management

Supply Chain Nation

Examples of shared metrics include customer service levels, inventory turns, sell-through forecast accuracy, total landed cost, and overall profitability of the business. System-wide inventory strategies. Time and again companies make the mistake of “handing off” inventory from operations teams to sales teams wherein the responsibility of managing inventories shifts from one organization to the other at particular nodes of the network.

A Dorm Room Degree in Durable Goods 101

Logility

Being a technical person, I was not sought out to assist in procuring fashion related items (bedspreads, towels, rugs, wall decorations), but was instead assigned to the refrigerator and microwave end of the spectrum. Supply Chain Challenges Facing the Durable Goods Industry.

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism.