Remove Inventory Remove Metrics Remove Six Sigma Remove Transportation

A Handy List of Keys to Careful, Comprehensive Inventory Management

Supply Chain Action Blog

I’m sure there are a lot of ways to summarize a careful, comprehensive approach to inventory management. A ccess information and use it instead of inventory. The more you are able to accurately anticipate the demand from your end customer in the marketplace, the more you will be able to move, make, buy, and store the inventory that will sell quickly. This is perhaps the simplest, but yet most difficult aspect of careful, comprehensive inventory management. .

Employing this S.M.A.R.T. Technique with a Logistics Company to Create Total Stakeholder Satisfaction

GlobalTranz

Let's talk about the outputs, or desired metrics worth measuring, in each category of what a logistics company might provide. Cerasis is squarely focused on transportation management through technology and managed services , however, there are logistics companies who offer fulfillment, warehousing, freight forwarding, and more. Implementing and sustaining LEAN initiatives : 5S, Kaizen, Kanban and LEAN Six Sigma to bring value to the customer and go beyond their expectations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Managing a Third Party Logistics Partnership

The Logistics of Logistics

This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months. When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. If you do not want to start at the 3PL as a contact customer with a SLA/KPIs, you can ship your goods and become a public account.

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

GlobalTranz

For example: Inventory Record Accuracy has to be 98-100% accurate daily. All KPIS have metrics to measure. Six Sigma’s DMAIC , PDCA and VSM should be used as well to solve problems and gain opportunities. The Transportation Management System (TMS) of the 3PL can gain rewards for both parties as well through freight optimization. Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement.

KPI 248

9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

GlobalTranz

There should be metrics involved to monitor these objectives to ensure success across the supply chain. These metrics should be reviewed frequently to ensure supply chain success. 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.

Lean 263

Make Your Supply Chains Less Complex – and Less Wasteful!

Talking Logistics

Mariotti states that you first have to measure it, and he outlines several metrics and techniques in the book, including ranking customers by annual sales, profit, and gross margin percentage. 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.

Real-World Scenario: Best Practices for Warehouse Contracts: Part One

GlobalTranz

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. Currently they incur a annual spend of USD 380-420 Million for their warehousing needs, of which ~60% spend is for brand new six warehouses (average space of 1.5 Customer metrics. Use the Warehouse/3PL Transportation Management System (TMS) to optimize lanes and routes to save 15% + cost Reduction.

KPI 214

A perfect supply chain?

Kinaxis

by Matt Benson If your 3PL supply chain problem was to deliver 400,000 items daily from supplier to customer and your on-time in full metric was a six-sigma target standard of 1 failure per million, how would you do it? What If I was to also constrain the resources you had at your disposal and said you only had 5000 transportation vehicles and your delivery slot was just 1 hour and that your delivery window was always 12pm until 1pm?

How to Get a Job in the Supply Chain Sector

Logistics Bureau

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. A common route into supply chain management is a bachelor’s degree in supply chain management, logistics, or international transport.

Supply Chain Management Services

LeanCor

Do they embrace a methodology like lean, six sigma, or operational excellence? Focus on total logistics cost reduction (transportation, warehousing, and inventory). Choosing the right target means defining your metrics, such as measuring carrier performance. 3 Tips in Choosing Supply Chain Management Services. When sourcing supply chain management services, think about the provider’s approach to people and processes.

3PL 171

Lean initiatives and the Supply Chain

The Lean Supply Chain

There should be metrics involved to monitor these objectives to insure success across the supply chain.These metrics should be reviewed frequently to insure supply chain success. 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.

Lean 47

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

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 result is that transportation planners at each distribution center can use the new tool to reduce travelling time/distance on daily basis. The answer is that they use the multi-echelon inventory model to solve the problem.

What Going Digital Can Mean for Your Warehouse Operation

EFT

Many Lean Manufacturing or Six Sigma Methodologies champion this while calling for process improvement and business optimization through faster, safer and more comprehensive approaches. In turn this ultimately will reduce logistics and transportation costs and further drive inventory control measures to new levels. Furthermore, many performance metrics can be implemented in to leading platforms to help organizations achieve goals from the ground-up.

Like A Green Lump of Clay….

Supply Chain Shaman

For mature supply chain organizations, it is a natural extension of six sigma. Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP? These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices. The less conversion of materials in the inventory strategy, the greater the flexibility of the supply chain. My iphone buzzed on my nightstand. I groaned.

What Going Digital Can Mean for Your Warehouse Operation

EFT

Many Lean Manufacturing or Six Sigma Methodologies champion this while calling for process improvement and business optimization through faster, safer and more comprehensive approaches. In turn this ultimately will reduce logistics and transportation costs and further drive inventory control measures to new levels. Furthermore, many performance metrics can be implemented in to leading platforms to help organizations achieve goals from the ground-up.

4 Common Supply Chain Cost Blowouts

Logistics Bureau

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. Implement performance metrics and monitor a selection of key performance indicator. Inventory. The problem is usually created by holding too much static inventory. Naturally, there is the direct cost of procuring and holding the inventory.

Seasoned Leadership in Action! An Interview with Paul Kretz, Head of SCM at Church & Dwight!

Supply Chain Game Changer

That is how I got into logistics management and gained deep warehousing and transportation experience. We installed new racking with over 32k locations, installed a new WMS using the latest technology created all new processes with pick faces and over flow locations, used six sigma tools to drive fool-proof processes and trained up the local team on RF guns and the new processes. The departments were called production and inventory control, warehousing and transportation.

SCM 50

What is a Service Level Agreement (SLA)? How does an SLA work with Key Performance Indicators (KPIs)?

The Lean Supply Chain

There should also be a QBR or Quarterly Business Review on the transportation company you choose. If they have a Transportation Management System (TMS), optimization of your freight will occur. 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.

KPI 59