INDUSTRY INSIGHTS YOUR PEERS ARE READING
Today's blog is a continuation of yesterday's where we discussed cost management and KPIs with warehousing contracts using a real-world scenario. Now we dive a bit deeper with incentives, gain sharing, should-cost models, and governance in warehousing contracts. 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 More warehouses are using Lean initiatives. MORE
The role of warehousing in e-commerce is undisputed, and mobility technology is integral to enhance warehouse management proficiency in the modern world. According to Ivanti , mobility technology allows warehouse managers to develop better processes and systems for inventory management and maintain high accountability, visibility, and proficiency in operations. Warehouse managers should take a moment to define mobility technology. Supply Chain Warehouse MORE
Demand for more warehouses is evident throughout the industry. Aside from building new warehouses, major retailers, such as Sam’s, have transformed traditional shopping centers into new distribution centers. Automation in Warehouses, Distribution Centers, and Logistics Networks. MORE
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. 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 MORE
Troublesome delays can occur while assets are on the yard at DCs, warehouses or manufacturing facilities. . __. Troublesome delays can occur while assets are on the yard at DCs, warehouses or manufacturing facilities. Asset management/inventory controls. MORE
This is all very well, however to achieve this goal, inventory management needs to be a focus. If inventory management is not considered carefully as a business improvement metric, then it can insidiously become a money trap which of course will simply erode any profits to be made. This is where efficient, lean and thrifty inventory management comes in. So, try to seek out the root cause of the problem as usually, that will fix any inventory management issues. MORE
The Warehouse Inventory Management Software market grew to $1.4B Warehouse Inventory Management software and systems help reduce infrastructure costs and enable the reallocation of existing IT resources to drive productivity improvements, according to IDC. MORE
Check out World Class Inventory Turnover Breakthrough Elements! “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, In that meeting I set the target … we needed to reach double digit Inventory turns within the next year. MORE
Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). More than 50% of your warehouse labor is in pick and pack, so start there. Cross-train your warehouse workforce. MORE
Warehouse managers face constant pressure to move more products, reduce damage, improve order cycle times, boost employee morale, and more. Legacy systems traditionally used for warehouse management are inefficient in the modern era; even systems in the 5- to 10-year age range. Warehouse managers can work to gain executive-level support by making the right business case for a modern warehouse management system. Improving network-wide inventory visibility. MORE
This is the first report in a quarterly series that will highlight trends and insights in the dynamic warehousing market. It marks the first time dynamic warehousing has been analyzed in detail and serves. Inbound/outbound activity within dynamic warehouse locations. MORE
What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product. MORE
Importance of Metrics in Reverse Logistics Management. To monitor progress against its reverse logistics management plan, a company needs metrics that measure the financial impact of returns on the firm and on other members of the supply chain. MORE
SEPTEMBER 20, 2018
Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Warehouse Managers need to understand the challenges of cycle counting, how the right KPIs can help, and how to leverage WMS and cycle counting best practices to develop the best inventory management KPIs. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Which Inventory Management KPIs Are the Best? MORE
For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Hence, reducing the need for an excess in inventory. MORE
To effectively and efficiently manage a warehouse, you need to use warehousing KPIs. Below is a listing of commonly used warehousing KPIs. A key performance indicator (KPI) is a metric that you have chosen that will give an indication of your performance and can be used as a driver for continuous improvement. Selecting Warehousing KPIs. Every warehouse is different with different goals and objectives, so choosing just the right warehousing KPIs is tough. MORE
If you’ve heard about the opportunities and benefits that warehouse performance benchmarking can put within reach of your supply chain organisation, you might understandably be keen to get a benchmarking project under way. Some Common-sense Warehouse Benchmarking Metrics. MORE
With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. This trend gathered steam last year thanks to a warehouse vacancy rate of 4.3% per square foot—the highest level since it began tracking the metric in 1989. MORE
The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. More importantly, demand for warehouse space is at an all-time high, and warehousing is still short two million workers. percent of warehouses vacant, warehouse managers are still stuck with the challenge of maximizing warehouse space. Since customers’ needs evolve on a continuing basis, warehouses must evolve in tandem. MORE
Supply Chain Metrics are one of the most important best practices in supply chain management because " You can''t manage what you can''t measure ". However, under certain circumstances, metrics are not used or implemented properly. It''s the inventory metric). MORE
<p>On-demand warehousing entered the supply chain and logistics market in 2014. Every year, more data is available to help us better understand how on-demand warehousing is playing a role in the modern supply chain.</p> </p> <blockquote><h3>This report is the second in a quarterly series that highlights trends and insights in on-demand warehousing.</h3></blockquote> MORE
The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. Inventory Accuracy. This is a simple key performance indicator (KPI), another name for metrics, to track. It refers to the in-stock or out-of-stock accuracy of supplier inventory. This KPI should be as high as possible, reflecting accurate inventory available for customers from suppliers. Other Critical OmniChannel Supply Chain Metrics to Track. MORE
<p>This is the first report in a quarterly series that will highlight trends and insights in the dynamic warehousing market. It marks the first time dynamic warehousing has been analyzed in detail and serves to establish benchmarks for future reports and analyses. Dynamic warehousing is a relatively new business model that’s been gradually taking hold in the supply chain and logistics industries over the last</p> <p>18 to 24 months. MORE
The Supply Chain Resource Cooperative held its first ever “Executive Roundtable on Excess and Obsolete Inventory” on the NC State campus on October 25, 2017. Executives need to deal with inventory issues as they arise! Measure life cycle inventory cost. MORE
But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Of course, you’ll want to be courteous and professional with your feedback, but being open and honest with this metric can go a long way to solving problems between you. MORE
The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. More importantly, demand for warehouse space is at an all-time high, and warehousing is still short two million workers. Optimize warehouse design. MORE
So when the warehouse team threatened to unionize, I transferred into a distribution, warehouse environment. I knew nothing about the world of logistics, inventory management and order optimization. Warehouse Management and Transportation Management were in their infancy. MORE
Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? Monitor Warehouse Capacity. MORE
To say there is any one single way in which to manage a warehouse would be folly—much depends on the nature of the supply chain and of the warehouse itself. To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs, take note of the following eight common warehousing mistakes. 1: Holding Excess Inventory. These are all symptoms of a warehouse that doesn’t get enough love. MORE
The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Best Practices for Inventory Effectiveness. MORE
This is the first report in a quarterly series that will highlight trends and insights in the dynamic warehousing market. It marks the first time dynamic warehousing has been analyzed in detail and serves to establish benchmarks for future reports and analyses. MORE
My journey to understand supply chain Metrics That Matter started three years ago. When I sat down to write the book, Bricks Matter, I believed that companies had used supply chain technologies to reduce operating margin and improve inventory turns. How do you balance metrics ? . MORE
It’s said that an autonomous warehouse functions much like the way autonomous vehicles navigate the road. Robots move on their own throughout a warehouse, maneuvering around obstacles—they stop for human workers, pick up crates, and move them from one location to the next, moving through a packing system that may see very human hands. These robots fulfill the picking and packing at Amazon warehouses, continuing to refine Amazon’s process. Supply Chain Warehousing MORE
Your warehouse is everything, and according to recent reports , available warehouse space is on the decline in the US. As companies have expanded to meet the demands of omnichannel consumers, warehouse space has become a commodity which comes at a premium. Warehouse leaders should follow these best practices to truly maximize warehouse space and avoid the costs of new construction entirely. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. MORE
What inventory book can help you to cut inventory costs? In this article, we will show you 10 best inventory book that readers at all levels can learn from. Inventory Management Overview Many people think inventory management is a clerical task but they're absolutely wrong. Effective control of inventory requires a broad spectrum of knowledge. MORE
Just as a lack of exercise and a poor diet can cause our blood to become clogged with cholesterol and fat, inefficient warehouse management can lead to serious issues for your operation. For example, one of the most common mistakes made in these environments is having too much inventory. MORE
QAD
JUNE 25, 2019
The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Best Practices for Inventory Effectiveness.
Cerasis
JULY 13, 2015
Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? Monitor Warehouse Capacity.
Supply Chain Shaman
FEBRUARY 11, 2014
My journey to understand supply chain Metrics That Matter started three years ago. When I sat down to write the book, Bricks Matter, I believed that companies had used supply chain technologies to reduce operating margin and improve inventory turns. How do you balance metrics ? .
Cerasis
AUGUST 31, 2018
The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. More importantly, demand for warehouse space is at an all-time high, and warehousing is still short two million workers. Optimize warehouse design.
Cerasis
JUNE 14, 2017
The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. Inventory Accuracy. This is a simple key performance indicator (KPI), another name for metrics, to track. It refers to the in-stock or out-of-stock accuracy of supplier inventory. This KPI should be as high as possible, reflecting accurate inventory available for customers from suppliers. Other Critical OmniChannel Supply Chain Metrics to Track.
IQMS
JULY 22, 2019
The Warehouse Inventory Management Software market grew to $1.4B Warehouse Inventory Management software and systems help reduce infrastructure costs and enable the reallocation of existing IT resources to drive productivity improvements, according to IDC.
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Cerasis
JULY 27, 2018
The role of warehousing in e-commerce is undisputed, and mobility technology is integral to enhance warehouse management proficiency in the modern world. According to Ivanti , mobility technology allows warehouse managers to develop better processes and systems for inventory management and maintain high accountability, visibility, and proficiency in operations. Warehouse managers should take a moment to define mobility technology. Supply Chain Warehouse
Supply Chain Opz
AUGUST 3, 2014
Supply Chain Metrics are one of the most important best practices in supply chain management because " You can''t manage what you can''t measure ". However, under certain circumstances, metrics are not used or implemented properly. It''s the inventory metric).
Logistics Bureau
MARCH 14, 2018
To say there is any one single way in which to manage a warehouse would be folly—much depends on the nature of the supply chain and of the warehouse itself. To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs, take note of the following eight common warehousing mistakes. 1: Holding Excess Inventory. These are all symptoms of a warehouse that doesn’t get enough love.
The Logistics of Logistics
JULY 14, 2013
To effectively and efficiently manage a warehouse, you need to use warehousing KPIs. Below is a listing of commonly used warehousing KPIs. A key performance indicator (KPI) is a metric that you have chosen that will give an indication of your performance and can be used as a driver for continuous improvement. Selecting Warehousing KPIs. Every warehouse is different with different goals and objectives, so choosing just the right warehousing KPIs is tough.
Cerasis
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. 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
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Talking Logistics
JANUARY 9, 2019
With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. This trend gathered steam last year thanks to a warehouse vacancy rate of 4.3% per square foot—the highest level since it began tracking the metric in 1989.
Logistics Bureau
JULY 18, 2017
If you’ve heard about the opportunities and benefits that warehouse performance benchmarking can put within reach of your supply chain organisation, you might understandably be keen to get a benchmarking project under way. Some Common-sense Warehouse Benchmarking Metrics.
FLEXE
JUNE 15, 2016
This is the first report in a quarterly series that will highlight trends and insights in the dynamic warehousing market. It marks the first time dynamic warehousing has been analyzed in detail and serves to establish benchmarks for future reports and analyses.
FLEXE
JULY 8, 2016
This is the first report in a quarterly series that will highlight trends and insights in the dynamic warehousing market. It marks the first time dynamic warehousing has been analyzed in detail and serves. Inbound/outbound activity within dynamic warehouse locations.
Veridian Solutions
AUGUST 9, 2018
The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. More importantly, demand for warehouse space is at an all-time high, and warehousing is still short two million workers. percent of warehouses vacant, warehouse managers are still stuck with the challenge of maximizing warehouse space. Since customers’ needs evolve on a continuing basis, warehouses must evolve in tandem.
6 River Systems
JUNE 25, 2019
Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). More than 50% of your warehouse labor is in pick and pack, so start there. Cross-train your warehouse workforce.
Arkieva
DECEMBER 7, 2016
For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Hence, reducing the need for an excess in inventory.
Supply Chain Collaborator
MARCH 22, 2016
Troublesome delays can occur while assets are on the yard at DCs, warehouses or manufacturing facilities. . __. Troublesome delays can occur while assets are on the yard at DCs, warehouses or manufacturing facilities. Asset management/inventory controls.
3PL Insights
OCTOBER 24, 2017
It’s said that an autonomous warehouse functions much like the way autonomous vehicles navigate the road. Robots move on their own throughout a warehouse, maneuvering around obstacles—they stop for human workers, pick up crates, and move them from one location to the next, moving through a packing system that may see very human hands. These robots fulfill the picking and packing at Amazon warehouses, continuing to refine Amazon’s process. Supply Chain Warehousing
Supply Chain Game Changer
NOVEMBER 16, 2018
Check out World Class Inventory Turnover Breakthrough Elements! “If we are truly a Supply Chain Services Company, then why is our Inventory Turnover only at 7?”, In that meeting I set the target … we needed to reach double digit Inventory turns within the next year.
USC Consulting Group
AUGUST 20, 2019
Just as a lack of exercise and a poor diet can cause our blood to become clogged with cholesterol and fat, inefficient warehouse management can lead to serious issues for your operation. For example, one of the most common mistakes made in these environments is having too much inventory.
Cerasis
JANUARY 5, 2017
Today's blog is a continuation of yesterday's where we discussed cost management and KPIs with warehousing contracts using a real-world scenario. Now we dive a bit deeper with incentives, gain sharing, should-cost models, and governance in warehousing contracts. 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 More warehouses are using Lean initiatives.
FLEXE
JULY 8, 2016
<p>This is the first report in a quarterly series that will highlight trends and insights in the dynamic warehousing market. It marks the first time dynamic warehousing has been analyzed in detail and serves to establish benchmarks for future reports and analyses. Dynamic warehousing is a relatively new business model that’s been gradually taking hold in the supply chain and logistics industries over the last</p> <p>18 to 24 months.
Unleashed
MARCH 7, 2019
This is all very well, however to achieve this goal, inventory management needs to be a focus. If inventory management is not considered carefully as a business improvement metric, then it can insidiously become a money trap which of course will simply erode any profits to be made. This is where efficient, lean and thrifty inventory management comes in. So, try to seek out the root cause of the problem as usually, that will fix any inventory management issues.
Veridian Solutions
SEPTEMBER 20, 2018
Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Warehouse Managers need to understand the challenges of cycle counting, how the right KPIs can help, and how to leverage WMS and cycle counting best practices to develop the best inventory management KPIs. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Which Inventory Management KPIs Are the Best?
FLEXE
NOVEMBER 14, 2016
<p>On-demand warehousing entered the supply chain and logistics market in 2014. Every year, more data is available to help us better understand how on-demand warehousing is playing a role in the modern supply chain.</p> </p> <blockquote><h3>This report is the second in a quarterly series that highlights trends and insights in on-demand warehousing.</h3></blockquote>
Veridian Solutions
JANUARY 23, 2019
Demand for more warehouses is evident throughout the industry. Aside from building new warehouses, major retailers, such as Sam’s, have transformed traditional shopping centers into new distribution centers. Automation in Warehouses, Distribution Centers, and Logistics Networks.
Supply Chain Opz
APRIL 15, 2015
What inventory book can help you to cut inventory costs? In this article, we will show you 10 best inventory book that readers at all levels can learn from. Inventory Management Overview Many people think inventory management is a clerical task but they're absolutely wrong. Effective control of inventory requires a broad spectrum of knowledge.
Cerasis
JUNE 1, 2018
Warehouse managers face constant pressure to move more products, reduce damage, improve order cycle times, boost employee morale, and more. Legacy systems traditionally used for warehouse management are inefficient in the modern era; even systems in the 5- to 10-year age range. Warehouse managers can work to gain executive-level support by making the right business case for a modern warehouse management system. Improving network-wide inventory visibility.
Veridian Solutions
AUGUST 21, 2019
Your warehouse is everything, and according to recent reports , available warehouse space is on the decline in the US. As companies have expanded to meet the demands of omnichannel consumers, warehouse space has become a commodity which comes at a premium. Warehouse leaders should follow these best practices to truly maximize warehouse space and avoid the costs of new construction entirely. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.
Supply Chain Shaman
MAY 13, 2015
So when the warehouse team threatened to unionize, I transferred into a distribution, warehouse environment. I knew nothing about the world of logistics, inventory management and order optimization. Warehouse Management and Transportation Management were in their infancy.
NC State SCRC
NOVEMBER 6, 2017
The Supply Chain Resource Cooperative held its first ever “Executive Roundtable on Excess and Obsolete Inventory” on the NC State campus on October 25, 2017. Executives need to deal with inventory issues as they arise! Measure life cycle inventory cost.
Supply Chain Cowboy
MARCH 1, 2015
But is your scorecard missing key metrics? It includes a free Excel template that you can modify to match exactly what metrics you want to measure. While some of these metrics might not apply to your business model, there’s definitely a few to add if they measure something important to you and your customers. Of course, you’ll want to be courteous and professional with your feedback, but being open and honest with this metric can go a long way to solving problems between you.
Supply Chain Opz
MARCH 26, 2015
What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory control often starts with how to know the demand of particular product.
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