‘The best quarter ever’ for container shipping giant Maersk

The Supply Chain Journal

And on top of that we have an inventory replenishment cycle,” explained Skou. “If inventory-to-sales ratios have never been this low. That is driving very, very strong demand to the point where the ports are really not able to meet all the demand and we get bottlenecks.”.

Why OmniChannel Solutions are Needed in Shipping & Logistics to Meet Consumer Demand

GlobalTranz

However, Amazon is shaking up the mix by seeking to make today’s e-commerce practices obsolete, and shipping and logistics providers need to understand why. Customers have the option to have products shipped to home or the store, and this eliminates any confusion about how much space is needed within each store. Consumers are also expecting more of manufacturers and shipping companies. Shipping and Logistics Providers Seek to Attract Millennials.

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11 Inventory Management Best Practices

Supply Chain Game Changer

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. Use ABC Analysis to Categorize Your Inventory. Guest Blog Post Inventory Managemen

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods.

What is Inventory Forecasting?

EMERGE App

What is Inventory Forecasting? Wait, what has this got to do with inventory forecasting? So, for the majority of small and medium businesses, inventory forecasting is simply an inventory reordering strategy to ensure that your stock levels are in the Goldilocks zone.

Supply chain inventory optimization – Beyond the analytics

Kinaxis

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. The equivalent of 7% of America’s GDP is tied up in inventory, and accounts receivable and payable. Implementing inventory optimization. The challenges of inventory optimization can be immense.

Running 24/7 to Meet Medical Industry Demands

IQMS

Through proactive business continuity planning, real-time monitoring, and its DELMIAworks manufacturing ERP system, Eldon James is running production 24/7 to meet its medical industry customers’ increased demand in the wake of COVID-19.

12 Types of Inventory: Complete Information

EMERGE App

Inventory is the store or stock of goods. The goods are retained at hand or nearby to allow the business to meet the demand fulfilling its reason to exist. And in this post, you’re going to know the type of inventory exists. Four Types of Inventory. Cycle Inventory.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? 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. Inventory optimization can help overcome these errors to a large extent.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? 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. Inventory optimization can help overcome these errors to a large extent.

How to Successfully Integrate an E-Commerce Shipping Plan Into Your Traditional Shipping Practices

GlobalTranz

E-commerce value will exceed $4 trillion by 2025, and demand for e-commerce requires seamless integration between traditional shipping practices and an e-commerce shipping plan. Its global nature makes conventional shipping strategies inefficient and utterly unworkable. Challenges in Integrating an E-Commerce Shipping Plan A primary issue in integrating e-commerce shipping goes back to the extent of current shipping practices.

Meeting Demand During the Holidays

Elementum

As spending on the holidays continues to grow , retailers and logistics operators have to take special measures to meet the demand. To provide the extra manpower needed for increased operations, 738,800 new employees were hired by retail and shipping companies. With so many opportunities for customers to shop, the biggest problem brands encounter is predicting and meeting customer demand. 2017 has been an exciting year for the tech industry and holiday shoppers alike.

Customer inventory demand growing and supply gains becoming complex

Valogix

They want items in-stock and shipped fast and on-time. Effective and efficient supply chain inventory planning teams are critical to meet the ever-increasing demands of customers. Teams are gearing up to meet the company goals and ways to achieve deliver service excellence.

Top 3 Benefits of Intermodal Shipping

BR Williams Supply Chain Management

Intermodal freight shipping has been around for decades, but it is growing in popularity due to its many benefits. Integrating intermodal shipping into your supply chain can bring significant cost-savings, increased levels of security, improved safety, and make shipments flexible.

5 Tips to Improve Omnichannel Inventory Management

Unleashed

That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky.

Cybersecurity in Shipping Logistics: The Rising Threat

USC Consulting Group

When you think of shipping and transportation, perhaps the last thing you consider is the threat that cybercrime can pose to the industry. However, as technology advances and systems become increasingly connected to online networks, cybersecurity is a necessity of modern shipping logistics.

Inventory Management Requires More than a WMS

DSI

A supply chain director for a large global manufacturing organization recently told our team, “We have invested heavily in successfully managing inventory and are utilizing our warehouse management system [WMS] to drive our digital transformation efforts and optimize our supply chain.”

Shipping Less-Than-Truckload Freight in E-Commerce: Shipping Online Is More Than Just Parcel Shipments

GlobalTranz

Those that seek to succeed in shipping online need to know a few things about why less-than-truckload may be the solution, how customers’ expectations are increasing, and what benefits less-than-truckload offers. Customers’ Expectations Are Increasing The value of today’s consumers is measured in how well companies can meet customers’ needs and offer something their competitors do not. Apply Standard Shipping and Handling Costs to Freight Quotes.

Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

GlobalTranz

Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. Staying Strategic in the Warehouse with Better Inventory Flow. Throughout the entire order fulfillment process, companies have a duty to ensure optimum warehouse efficiency by appropriately controlling inventory flow. Warehouses should also consider implementing these best practices to ensure effective warehouse management and maintain control and flow of inventory.

Solving Inventory Management Challenges with Mobile Barcoding for ERP

RFgen

Many inventory management challenges are caused by outdated manual processes. If simply ignored, inventory management problems can snowball, leading to high overhead costs, poor throughput, demand planning, inflexibility, lost business and more. Inventory fuels the modern enterprise.

What is Inventory Carrying Cost?

EMERGE App

And we pick the most cost effective means of shipping. But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? They are collectively called inventory carrying costs because they need to be paid to hold inventory. Here, we’ll explore what is meant by inventory carrying costs and their examples. What is Inventory Carrying Cost? Why Do Businesses Carry Inventory?

Are You Shipping Air? Meet Minimum Order Requirement with Order Fill-up

EazyStock

EazyStock is an automated inventory optimization tool that helps you have the right stock in the right location and amount at the right time. Fewer orders, increased inventory accuracy, less excess stock, more capital, less time wasted – how could you afford to ignore EazyStock’s order fill-up functionality? The post Are You Shipping Air? Meet Minimum Order Requirement with Order Fill-up appeared first on EazyStock. You know the challenge.

Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

GlobalTranz

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.

The Complex Connection Between Cashflow and Inventory

Unleashed

Cashflow and inventory are intricately linked to each other. This is an important concept to understand for inventory managers and business owners alike, as a tell-tale sign of successful business is optimising cashflow and keeping your inventory to a safe minimum.

How to Fulfill Orders When You Don’t Have Enough Product to Meet Demand

MIT Supply Chain

The management team prioritized full-sized trucks over small trucks because the larger vehicles were both more profitable and had smaller retail inventories.

Learn to Save Your eCommerce Business Money With Inventory Control

Unleashed

One of the best ways to save money is to look after the thing that makes you money — your inventory. With better inventory control in your warehouse , you can optimise how everything runs and learn where you can save on spending. Online inventory management.

Meeting the Demands of a Multichannel Pricing Strategy

Unleashed

This strategy is particularly effective for clearing the warehouse of surplus inventory stock and with the real-time functionality of an online inventory management system, the sales platform will update immediately when stock has sold out. For example, the more direct online channels incur variable costs due to picking, packing, shipping and returns processing activities. It’s one of the many great ways to get rid of surplus or slow-moving inventory stock.

What is Inventory Optimization?

EazyStock

What is inventory optimization? You’ve heard of inventory management, and you probably already have some inventory management practices implemented in your supply chain. So what is inventory optimization? According to Wikipedia, inventory optimization is: “a method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account.”.

Replenishment 201: Monitoring Store-Level Inventory

SupplyPike

This month, we thought we’d dig in a little deeper and look into monitoring store-level inventory. It’s important to keep track of your traited and valid store counts to ensure you have sufficient inventory to cater to these stores (and especially if the store count changes).

Inventory Management Requires More than a WMS

DSI

A supply chain director for a large global manufacturing organization recently told our team, “We have invested heavily in successfully managing inventory and are utilizing our warehouse management system [WMS] to drive our digital transformation efforts and optimize our supply chain.” Some supply chains may just require the automation of a simple pick, pack, and ship process. So, what about inventory, like bolts or bricks, used on a job site?

Why Inventory Accuracy Matters

RFgen

Barcode scanners, tablets and smartphones allow warehouse staff to manage inventory more efficiently. Measuring and tracking inventory accurately is essential to a well-oiled warehouse operation. Last-Minute Shipping Costs. How to Prevent Inaccurate Inventory Management.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

GlobalTranz

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model.

Best Practices for Optimal Inventory Replenishment

Vanguard Software

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. The Importance of Inventory Replenishment. Inventory Optimization Software.

Why Medical Device Companies Need End-to-End Inventory Visibility

DSI

The constant and rapid movement of inventory in the medical device industry wreaks havoc on manual, paper- and spreadsheet-based systems. Inventory visibility gaps result in missed orders or excessive safety stock. Benefits of end-to-end inventory control include: Productivity.

Calculating Finished Goods Inventory

EMERGE App

As a manufacturer of goods, you’re likely to have finished goods inventory in your business. In addition to worrying about sales forecasts and production schedules, there’s also the issue of properly calculating finished inventory for reporting and decision-making purposes. Firstly, we’ll start with describing finished goods inventory. Then we’ll explain why you should pay attention to finished and other forms of inventory. Introduction.