6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts, materials and products from the consumer back to the producer. Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. 6 Benefits of an Effective Reverse Logistics System.

Why Reverse Logistics Systems and Transportation Management Should Be Considered Together

Cerasis

Needs for efficient reverse logistics systems continue to increase as e-commerce claims greater market share, and as so many traditionally functioning businesses grow and inevitably incur increasing volume of returns. This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals. Need For Reverse Logistics Breeds Opportunity. Efficiently managing reverse logistics is a daunting challenge for many businesses.

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Reverse Logistics: Who Does it Well?

Logistics Bureau

It would be tempting to think of reverse logistics as forward logistics done backwards. Reverse logistic isn’t simply a reverse gear. Reverse logistics can also have a dramatic effect on steering a company’s fortunes. Reverse logistics is therefore worth doing, and worth doing properly. Looking to real-life examples for inspiration, we can ask, ‘Who does reverse logistics well?’ Logistics

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. The Cash Cycle is a function of the days of Accounts Receivable, Accounts Payable, Inventory and Capital Expenditures. Subscribe Here! Email Address.

What Supply Chain Data Should I Track in 2020?

Veridian Solutions

With the implementation of API- and web-connected supply chain systems, businesses can manage their inventory and follow up on stock movement more easily and automatically. Inventory r econciliation r esults Labor p roductivity Average o rder size and s hipment d ata Use of BOPIS f ulfillment r ates Customer experience and satisfaction measures. Metrics and KPIs Supply Chain Supply Chain Data

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The 9 Key Considerations of an Effective Last Mile Logistics Strategy

Cerasis

Understanding last mile logistics is only half the battle. Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy. Logistics

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

Digital transformation is not seen as a singular activity but a set of interrelated activities that span across people, process, technology, policy, and metrics,” said George Fowler, group vice president in Spinnaker’s Supply Chain business unit. Our customers overcome demand volatility and supply chain complexity for outstanding service levels with reduced inventory. PRESS RELEASE.

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5 fundamental ways to reduce Last mile Delivery Costs

Abivin

The term “last mile” is more than just a buzzword in the logistics and supply chain industry, concerning the transportation of goods to the final destination. You can measure your fleet performance with 5 key metrics for last mile delivery. Don’t forget Reverse Logistics Reverse logistics involve the process of delivering the desired goods to customers, receiving and sending back their unwanted products.

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. Fundamentally, these and other metrics are key to understanding how to segment your supply chain, develop strategies, and then execute those strategies effectively.

Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

Omnichannel logistics challenges. The expectation of instant consumer gratification has businesses scrambling to shore up their supply chain to ensure cost-effective on-time delivery, which is where omnichannel logistics comes into play.”[3] ”[3] Legacy staff members identify 9 top omnichannel logistics challenges businesses generally face. Lack of Inventory Visibility and Metrics. Carrying inventory is a necessary evil. Reverse Logistics.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste!

What’s the ROI Of Transport and Logistics Providers & A TMS?

Cerasis

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.

9 Key Considerations in an Effective Last Mile Delivery Strategy

Supply Chain Game Changer

Understanding last mile logistics is only half the battle. Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. One of the first problems with creating a last mile logistics strategy is cost. Retail #ECommerce #SupplyChain #Logistics. Subscribe Here!

The Elegance of the Costco Supply Chain!

Supply Chain Game Changer

Fewer SKUs and suppliers mean less complicated logistics. By working with suppliers to optimize the amount of product on a pallet Costco is able to reduce handling, maximize truck capacity utilization, and lower logistics costs. Costco eliminates the middle man in logistics bypassing distributors all together. Inventory Turnover. Now a key metric to reflect how efficient Costco’s Supply Chain is would be inventory turnover. Subscribe Here!

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Three Mega Trends Driving Supply Chain Transformations

TMC

All of this creates increased supply chain complexity through localized inventory variety, location complexity, legal and regulatory concerns, longer and shorter shipping distances, more modes, and tighter windows for on-time delivery. Now, with a single, global TMS and cloud-based visibility, the Microsoft team gained real time metrics and KPIs with data that can be ingested live through machine learning models to predict potential impacts and disruptions.

Three Mega Trends Driving Supply Chain Transformations

TMC

All of this creates increased supply chain complexity through localized inventory variety, location complexity, legal and regulatory concerns, longer and shorter shipping distances, more modes, and tighter windows for on-time delivery. Now, with a single, global TMS and cloud-based visibility, the Microsoft team gained real time metrics and KPIs with data that can be ingested live through machine learning models to predict potential impacts and disruptions.

Fix Your Retail Supply Chain to Make the Last Mile Count

Logistics Bureau

Last mile might be the latest buzzword (or buzzwords) in logistics, but not without good reason. It’s not just about the logistics providers you work with or whether you insource or outsource your distribution. With a 3PL, you may be able to gain a reasonable degree of control over driver behaviour if you negotiate a contract that includes appropriate customer service commitments from the logistics provider. Outsourcing your reverse logistics as an entire process.

Black Friday, Cyber Monday, & Holiday Peak Season Success Built on WMS Efficiency

Veridian Solutions

warehouse is 34 years old, explains Michelle Fischer via Inbound Logistics. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Dropshipping, accurate inventory management , and continuous slotting optimization all enhance the efficiency of the warehouse and the technology behind it—the WMS. Extensive logistics solutions. The 2018 holiday shopping season has evolved beyond the traditional shopping days. First, there was Black Friday.

Black Friday, Cyber Monday, & Holiday Peak Season Success Built on WMS Efficiency

Veridian Solutions

warehouse is 34 years old, explains Michelle Fischer via Inbound Logistics. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Dropshipping, accurate inventory management , and continuous slotting optimization all enhance the efficiency of the warehouse and the technology behind it—the WMS. Extensive logistics solutions. The natural next function of a WMS bridges warehouses with the way merchandise gets to stores and consumers, the logistics network.

50 expert warehouse optimization tips and techniques

6 River Systems

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. “The overall amount of time it takes for raw materials or parts to make their way through your warehouse and onto store shelves is another key metric in determining your success as a warehouse supervisor. ” – Emma Sturgis, 10 Great Warehouse Optimization Tips for Small Businesses , Fishbowl Inventory 4.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. The processes, and the decisions that are made in managing those activities include Component selection, Supplier selection, Network creation, Node location planning, delivery requirements, and inventory levels amongst many other elements. Logistics/Link Supplier Selection/Management. Reverse Logistics/Repair Operations.

10 Issues Keeping Manufacturers and Distributors Up At Night for 2015

Cerasis

From reverse logistics to pricing, and finally, some solutions. . Price management, inventory management, process optimization, and utilizing appropriate metrics to drive performance (and compensation) are critical. Twitter Facebook Google+ LinkedIn The post 10 Issues Keeping Manufacturers and Distributors Up At Night for 2015 appeared first on Freight Logistics Company | Cerasis.

Warehouse Audit and Survey

The Lean Supply Chain

First, look at the inventory: Is it pallets? Typically, 80% or more of a company’s inventory, and sometimes accounts for more than half of its working capital , would get plenty of attention. Improving receiving and warehouse performance can enable you to take multiple days out of inventory.). Is your inventory turning 6-8 + times/year? Performance and diagnostic metrics will be collected & published. Chuck Intrieri. Paso Robles, CA. 714-788-0744. link].