Taking Packaging Manufacturing to New Levels with Digital Technology

QAD

When it comes to the packaging industry, the “digital technology” term often conjures up visions of 3D software, eye-catching labels or unique packaging design that makes engaging digital marketing tools for con sumers.

Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Better Inventory Management Needs Complete Control.

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Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same. In business there are many drivers of inventory, and the management of inventory levels requires discipline and a cross-functional focus. What Drives Inventory Effectiveness?

Defining Consumer Packaged Goods (CPG)

SupplyPike

Learn about: The definition of consumer packaged goods The types of CPGs What the CPG marketplace looks like Top trends in the CPG industry. Consumer packaged goods (CPG) describe merchandise that has to be reloaded frequently, as opposed to items that can be replenished after longer durations. Consumer packaged goods have come a long way since the digital age. The post Defining Consumer Packaged Goods (CPG) appeared first on SupplyPike - Supply Chain Simplified.

Is the Package Under your Tree?

Supply Chain Shaman

Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. If you are going to be excellent at ecommerce fulfillment, you need to have great perpetual inventory capabilities. No matter where inventory is, put it to work. Could your package be delivered by taxi? Some of the packages on the trucks moving right now are the first shipments of Metrics that Matter. Details matter.

How to Partner with Suppliers to Reduce Packaging Costs

Industry Star

Implementing a Plan for Every Part to organize packaging information can help reduce the time and costs of receiving parts from your suppliers. Follow this 4-step game plan for optimizing supplier packaging. The post How to Partner with Suppliers to Reduce Packaging Costs appeared first on IndustryStar Solutions. Inventory Automated PFEP Logistics Packaging PFEP Suppliers Supply Chain Supply Partners

The Consumer Packaged Goods Industry Shines During the Pandemic

Enterra Insights

One of the unexpected consequences of the pandemic is a new appreciation by consumers for shelf-stable foods and other consumer packaged goods (CPG) products. Colin Stewart, Executive Vice President of Business Intelligence at Acosta, notes, “All industries are feeling its effects, but brands and retailers in the consumer packaged goods industry are among those on the front lines of this fight.

Taking a Cyclical Approach to Transit Packaging

EV Cargo Technology

In fact, not engaging in these practices could be costing organisations more than ‘just’ their reputation, as retailers who have addressed their environmental and surplus transit packaging issues have unearthed multimillions in savings within the first few months. Inventory is something that many UK retailers are currently struggling with as they battle against, or even give in to the temptation to stockpile products.

Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain.

Five Types of Inventory Optimization You Should Know

ToolsGroup

Inventory configuration is usually the predominant issue in most manufacturing environments. Inventory policy is usually the predominant issue in most distribution environments. Here are five types of inventory optimization that you should be aware of if you are considering an optimization solution. Inventory Configuration addresses the issue of in what form should I hold my inventory; as raw material, finished goods, or something in between?

How & Why You Should Choose Eco-Friendly Packaging for Ecommerce Orders

ShipBob

When it comes to understanding how customers interact with ecommerce brands, packaging is by far one of the most ubiquitous elements. This is great for business, but with all of this spending online comes another cost: more packaging waste, and therefore a growing environmental impact. The Environmental Protection Agency estimates that packaging constitutes one third of all household waste, and this is destined to rise along with ecommerce sales. Evaluate packaging size.

Taking a Cyclical Approach to Transit Packaging

EV Cargo Technology

In fact, not engaging in these practices could be costing organisations more than ‘just’ their reputation, as retailers who have addressed their environmental and surplus transit packaging issues have unearthed multimillions in savings within the first few months. Using cloud based technology, retailers can approve or reject any transit packaging options and ensure suppliers use the correct packing to produce the right results.

Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

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.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs.

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

Cerasis

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.

Is Inventory Optimization a Key to Omnichannel Survival?

ToolsGroup

Industry analysts have pointed out an obvious fit with inventory optimization. If retailers optimize their inventory—dynamically aligning their supply chains to changing customer preferences and behavior—they can position inventory to satisfy demand at the lowest possible cost. These analytics flow to the software's multi-echelon inventory optimization component to place the inventory by location and SKU—favoring the DC location for predicted online demand.

Blog: Bristlecone IBP90 Business is Now an SAP-Qualified Partner-Packaged Solution for SAP IBP

Bristlecone

With Bristlecone IBP90 Business (IBP90B), organizations can achieve rapid time-to-value with SAP IBP (Integrated Business Planning) – which unifies demand, supply and financial planning in the cloud to automate processes, enhance visibility, increase agility and optimize inventory.

Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

Kinaxis

Reason #6 Not effectively managing inventory. Unfortunately, all the same kinds of things can happen to your supply chain inventory. Except that your inventory costs millions of dollars. Those of you that manage inventories know how hard it can be to get the quantities just right. If you maintain too little inventory, you have stockouts, line stoppages and unhappy customers. So what strategies are out there to maintain inventories at the “right” level?

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. Traited Not Valid: The item is on the modular but is not replenishing because the store manager might decide not to order the item for her store due to reasons like low sales, too many returns, too much inventory, etc. Does the store have sufficient inventory to meet today’s forecasted demand? Learn: How a product is determined to be replenishable. How to measure instocks.

The Growth of Inventory Management

Unleashed

Inventory management originated even before the Industrial Revolution and has certainly evolved with time and expertise to become what it is today. The need for inventory management has always existed where trading was a livelihood and the stock management was imperative to protect one’s resources. A brief history of inventory technology. Inventory management specialists claim that a mere two drones can replace the work output of 100 people, which is quite impressive indeed.

How IoT Improves Consumer Packaged Goods Value Chain

Savi

Agile supply chain operations, especially in the consumer packaged goods (CPG) industry, are using IoT and end-to-end shipment visibility software to outperform competitors with better service while keeping lower inventory levels. Using ‘Internet of Things’ to track the flow of inventory and flow of information – to enable a consumer browsing an out-of-stock product online to be guided to the nearest store and receive a discount coupon as a push notification on their mobile phone.

The Supply Chain Detective™ and the Inventory Turnover Mystery!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! As I settled into the job and started learning, and studying, the various Supply Chain metrics I was surprised when I looked at the Inventory Turnover performance of the company. The Inventory Turnover Mystery had been solved!

A Quick Guide to Make Picking & Packaging More Efficient

Cerasis

Warehouses are an integral part of most industries – but order fulfillment can take a lot longer than is strictly necessary if your picking and packaging processes aren’t as efficient as they could be. If you’re trying to make your process more efficient, here is a quick guide to help you improve the picking and packaging stages of order fulfillment. Take a Look at Your Process How long has it been since you updated your picking and packaging process?

Blog: Bristlecone S/4NOW for CPG is Now an SAP-Qualified Partner-Packaged Solution for SAP S/4HANA

Bristlecone

Bristlecone S/4NOW for CPG is Now an SAP-Qualified Partner-Packaged Solution for SAP S/4HANA. CPG manufacturers around the world continue to grapple with rapid fluctuations in supply and demand, inventory challenges and distribution delays. We’re helping consumer packaged goods companies meet their business transformation goals by combining SAP S/4HANA with Bristlecone’s 20+ years of experience and an implementation methodology that accelerates transformation.

What is Web Based Inventory Management Software?

EMERGE App

You run a lean business model with minimal overheads and using web-based inventory management software plays a big part in this. And you expect the same standard for inventory management software. What to Expect from Web-Based Inventory Management Software. Introduction.

Make Online Inventory Management a New Year’s Priority

Unleashed

A new year hints at a fresh start and it is the perfect time for businesses to improve their inventory control in preparation for the business year ahead. Effective inventory control can mean the difference between a profit or a loss. Mishandled inventory leads to unnecessary wastes of time, money and ultimately, the profitability and success of your enterprise. Online inventory management.

Solving the Emerging Market Packaging Puzzle

Supply Chain @ MIT

Packaging shields products from damage and theft, differentiates the brand, and is a source of information for consumers. It also adds cost to the value chain, particularly in fragmented markets where buyers have diverse packaging needs. The Center for Latin-American Logistics Innovation (CLI) has developed two optimization models that help companies find the most cost-effective packaging format for emerging markets.

Inventory Reduction: The Path to Supply Chain Management

LeanCor

Inventory Reduction: The Path to Supply Chain Management. Inventory is not only a critical part of supply chain management; too often it is the main cause of a painfully incremental progression toward effective and genuine supply chain management. Reading this article will enable you to see inventory from a perspective contrary to most conventional views defining inventory as an asset. Why can inventory reduction lead to organizational success?

What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this.

Package Your Way to Supply Chain Cost Reductions

Logistics Bureau

Many articles on the topic of supply chain cost reduction have been written, most of which are understandably focused on issues such as inventory levels, network design, process efficiencies and supplier management/relationships. There are a number of less well-explored possibilities to consider, one of which is the way in which your company packages its materials and products for transportation. General Considerations for Cost Savings on Packaging.

The Difficulties of Inventory Management and the Approach you Take

Unleashed

The difficulties of inventory management can be minimised simply by utilising purpose-built software, tried and true methods and adjusting one’s approach to it. In this article, we consider the difficulties of inventory management with particular attention to the reactive and proactive approaches to stock control. Reactive inventory control. In inventory management, this can be when you order an item only once the demand has already arisen. Proactive inventory control.

The Top 3 Reasons for Label & Packaging Errors in Food Manufacturing

NC State SCRC

This week’s guest blog is from Marvin Magusara, who contributed insights into an area often maligned… packaging! The role of packaging is an important contributor to total cost of ownership, as it also impacts cube on trucks, inventory storage, product safety, regulatory compliance, and customer satisfaction. Global Vision is one of the industry leaders for packaging and labelling quality control for the food, pharmaceuticals and consumer products industry.

The Benefits of Using A TMS to Ship Small Package Freight

Cerasis

For small package shipments, a TMS can prove to be an invaluable resource by providing the following significant benefits. Shipping hundreds of small packages pose challenges for shippers. Getting a small package from point A to point B could easily vary greatly in terms of time requirements. The package may be transferred multiple times between different modes of transit as well. Customer Service Is Essential to Small Package Shippers.

2019 Forecasting and Inventory Benchmark Study

Supply Chain Brain

What does best-in-class forecasting and inventory management look like? Now in its ninth year, E2open’s 2019 Forecasting and Inventory Benchmark Study is the most consistent, comprehensive and useful study of its kind. The study encompasses over $250 billion in annual sales from global manufacturers across a variety of industries, including consumer packaged goods, food and beverage, animal care, chemicals, and oil and gas.

22 warehouse pros share the biggest mistakes made with inventory management (and how to avoid them)

6 River Systems

Managing warehouse inventory, on its face, seems a simple concept: Keep enough stock on hand to fulfill orders, but not so much stock that your warehouse is filled to the brim with inventory that won’t move for months (or years). Too much slow-moving inventory means you’re spending money to store products that aren’t earning immediate revenue, and too little means backorders and unhappy customers who are likely to seek out your competition.