Unleashed

JULY 12, 2023

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

Inventory Reduction 52

Inventory Reduction Examples Inventory Material Savings 52

Unleashed

APRIL 29, 2024

Work in process (WIP) inventory is typically found in manufacturing environments where goods undergo various stages of processing before being sold or used. Tracking WIP inventory is important for monitoring production efficiency, identifying bottlenecks, and managing costs within the manufacturing process.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Inventory Expense Reduction 52

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Kanban Logistics

SEPTEMBER 30, 2022

Warehouse GMP guidelines help protect quality and potency of these products during key parts of the pharmaceutical supply chain. What are warehouse GMP guidelines? The FDA’s regulatory standards for the industry are referred to as Current Good Manufacturing Practice (CGMP) standards. Education of associates. Sanitation efforts.

Pharmaceutical 52

Pharmaceutical Guidelines Warehousing 3PL 52

6 River Systems

JANUARY 31, 2020

Warehouse robotics refers to the use of automated systems, robots and specialized software to transport materials, perform various tasks and streamline/automate warehouse processes. To better understand the ROI of these automation technologies, let’s take a look at some of the common types and uses of warehouse robotics.

Warehousing 66

Warehousing Inventory Reduction Cost Reduction Strategies Supply Chain Design Software 66

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

Kanban Logistics

DECEMBER 15, 2022

In this article, we’ll take a look at the warehousing part of the food product supply chain and share some of the ways that 3PL providers can protect food safety in the warehouse. 5 Ways That 3PL Providers Protect Food Safety in the Warehouse. Warehousing personnel are notified. Air conditioned. Air conditioned.

Warehousing 52

Warehousing 3PL Food Pharmaceutical 52

Kanban Logistics

NOVEMBER 19, 2020

And perhaps no element of the supply chain is more integral to the safety of pharmaceutical products than the warehouse. In this article, we’ll look at the ins and outs of pharmaceutical warehousing and tell you what you should look for in a third-party logistics (3PL) provider before entrusting your goods to its warehouse.

Pharmaceutical 52

Pharmaceutical Warehousing Supply Chain Design Software Supply Chain Design 52

SCMDOJO

APRIL 15, 2024

Ever wonder how Amazon gets your package to your door so quickly? This system uses giant warehouses, lots of trucks, and even cool robots to move things quickly. We’ll look at their warehouses, their delivery tricks, and even how they use new technology to make things faster.

Logistics Network Optimization Software 80

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 80

Locus

MAY 20, 2024

LTL – Less Than Load Less than truckload (LTL) shipping refers to transporting goods that don’t require the full space of a truck, allowing multiple shipments to share the same vehicle. This method helps retail businesses reduce inventory costs and increase efficiency by minimizing the storage of unused stock.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies Retail 52

NC State SCRC

JUNE 26, 2023

I recently did some work exploring the world of Warehouse Management Systems – which a professional in the 3PL field called “the heartbeat of a DC- you can’t run one without it!” At many companies, the ERP system was an “SAP” system, and is where the WMS system obtained the orders and inventory.

Supply Chain Design Software 52

Supply Chain Design Software Inventory Management Software Supply Chain Planning Software Optimization Software 52

6 River Systems

JANUARY 30, 2020

Warehouse robotics refers to the use of automated systems, robots and specialized software to transport materials, perform various tasks and streamline/automate warehouse processes. To better understand the ROI of these automation technologies, let’s take a look at some of the common types and uses of warehouse robotics.

Warehousing 52

Warehousing Inventory Reduction Cost Reduction Strategies Supply Chain Design Software 52

Unleashed

OCTOBER 16, 2023

Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

Unleashed

MAY 7, 2023

With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Material Savings Inventory 52

Logility

JULY 14, 2022

based furniture manufacturing company who needed support rightsizing its inventory across its global supply chain network and reducing safety stock. References below to the Company means Logility, Inc. Logility won for its work with a large U.S.-based supply chains.” About Supply & Demand Chain Executive. and L.I.N.K.

Logility 173

Logility Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 173

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. But how do you know if a warehouse is performing well? What are warehouse key performance indicators (KPIs)?

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

Kanban Logistics

SEPTEMBER 24, 2020

When it comes to warehousing, many companies eventually outgrow the “do it yourself” model and choose to hand the reins over to a third-party logistics (3PL) professional. What’s important to understand, however, is that many 3PLs are capable of a wide array of warehouse services in addition to the basics. Some might surprise you.

Warehousing 52

Warehousing 3PL Logistics Network Optimization Software Manufacturing Procurement 52

6 River Systems

DECEMBER 13, 2019

Warehouse picking refers to the process where individual items are picked from a fulfillment facility to satisfy customers’ orders. It’s an essential aspect of order fulfillment and is considered one of the most expensive and labor-intensive activities for warehouses.

Expense Reduction 75

Expense Reduction Warehousing Cost Reduction Strategies Resource Reduction 75

Stord

MAY 15, 2024

For those unfamiliar, dwell time refers to the gap between a 3PL or fulfillment provider’s marking an order as “shipped, ” and the moment a shipping carrier actually scans the package into its system and truly begins to move the package. The Dwell Time Dilemma “If you’re not measuring it, you’re not managing it.”

Logistics Network Optimization Software 78

Logistics Network Optimization Software Sourcing Strategies Logistics Supply Chain Design Software 78

Precoro

MAY 19, 2023

In this article, we are covering key metrics, divided into the following categories based on the supply chain step they refer to: Inventory Logistics Customer order fulfillment Quality Inventory Metrics A company’s inventory encompasses raw materials used for production, as well as the produced goods available for sale.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Logistics Bureau

MARCH 14, 2018

From a simple place to stock goods, warehouses have developed in many ways—function and form included. Affected by changes in production, procurement and distribution methods, warehousing has continually been pushed and pulled in different directions. Where to Do Your Warehousing. Who Will Do Your Warehousing?

Warehousing 53

Warehousing Supply Chain Software Supply Chain Design Software Supply Chain Planning Software 53

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

Kanban Logistics

APRIL 30, 2020

Makers of all types of products turn to third-party logistics (3PL) providers to optimize warehousing and distribution operations in order to meet modern supply chain demands. A warehouse that has temperature-controlled space utilizes cooling (and/or heating) units to keep the temperature within a set range. Air conditioned.

Warehousing 52

Warehousing Food Distribution 3PL 52

Locus

APRIL 3, 2023

This refers to planning, coordinating, and executing the flow and storage of goods and services, including activities such as transportation, inventory management, order processing, warehousing, packaging, and security. All successful modern-day businesses rely on an efficient system of logistics management.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Planning Software 52

Kanban Logistics

AUGUST 13, 2020

Inbound logistics refers to the supply chain operations that lead up to the creation of the finished product. Outbound logistics, on the other hand, refers to the operations that bring your finished product out to the marketplace. Reduce your inventory and speed up the cash cycle. What is inbound logistics? Kitting services.

3PL 98

3PL Manufacturing Procurement Logistics Network Optimization Software Material Savings 98

ModusLink Corporation

APRIL 27, 2023

ESG supply chain management is critical to maximizing the benefits of omnichannel ecommerce and warehousing and distribution services. ESG in supply chains refers to the three key factors companies consider when evaluating their environmental, social, and governance impacts.

Inventory Reduction 78

Inventory Reduction Waste Reduction Innovation Optimal Sourcing 78

Taulia

SEPTEMBER 9, 2021

Inventory management is an essential process for almost every type of business. Inventory is often the largest current asset and poor or ineffective management of stock can lead to large losses or in some cases, business failure. Yet the successful organization of inventory is not without its challenges.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Material Savings 52

Kanban Logistics

APRIL 17, 2023

Historically, manufacturers utilized what’s now referred to as a “just in case” logistics model. With this model, every item that the manufacturing operation could require – from nuts and bolts to packaging materials – was kept on-hand by the manufacturer “just in case” it was needed. What is a “just in time” delivery system?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Material Savings 52

ModusLink Corporation

MARCH 9, 2022

Many of the electric devices/sensors that are applied to smart packaging use the global interconnected network called the Internet of Things. NFC reader is a tool that can be integrated into the warehouse management picking verification system. The utilization of IoT tools (Internet of Things).

Internet of things 78

Internet of things Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 78

Logistics Viewpoints

MAY 26, 2023

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. Separately, the company said in the past year, Amazon’s Counterfeit Crimes Unit sued or referred for investigation over 1,300 criminals in the U.S.,

Negotiating Skills 202

Negotiating Skills Pricing Training Jordan Purchasing Training 202

GlobalTranz

SEPTEMBER 16, 2016

Third party logistics (3PL) is the function by where the owner of goods outsources numerous components of the supply chain to a 3PL company that can perform the management function of the clients’ customs, inbound freight, distribution, warehousing, order fulfilment and outbound freight to the client’s customers.

3PL 120

3PL Third Party Logistics Logistics Network Optimization Software Warehousing 120

NC State SCRC

JUNE 27, 2019

Ian is an expert on warehouse automation, and shares his insights on how you need to get started in thinking about technology and robotics in your warehouse or manufacturing operation. Sandwiched between warehouse and distribution center, manufacturing is where the value gets added. Improving Performance in Warehousing.

Manufacturing Procurement 40

Manufacturing Procurement Supply Chain Software Optimal Sourcing Warehousing 40

ShipBob

APRIL 18, 2024

The de minimis threshold value refers to the minimum value of goods below which no duties and/or taxes are charged by customs authorities upon importation. Properly classifying goods and paying tariffs are essential to prevent packages getting stuck in customs and potential fines. What is the de minimis threshold value?

Price Reduction 98

Price Reduction Cost Reduction Strategies Inventory Reduction Purchasing Skills 98

Unleashed

OCTOBER 4, 2023

Some of the main steps involved in the order fulfilment process include: Inventory management Picking and packing Tracking and communication Shipping and delivery Customer service Returns management Fulfilment costs can represent up to 30% of an eCommerce company’s total operating expenses. It also ensures that resources are used efficiently.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

ShipBob

AUGUST 25, 2021

First-mile delivery refers to the process of transporting finished goods from a manufacturer or supplier’s facility to an online retailer’s warehouse or multiple distribution centers — the last destination before products are delivered to the end user. What is first-mile delivery?

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Optimization Software Inventory Reduction 52

Taulia

NOVEMBER 28, 2021

Inventory management is a core procedure in most businesses’ daily operations, ensuring that goods and materials are where they ought to be when they’re needed. But to get the most out of your inventory management process, you need to intelligently monitor performance. Average inventory. Inventory accuracy.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

Veridian Solutions

NOVEMBER 12, 2018

Demand to increase efficiency in warehouse management is at an all-time high. Warehouse managers also face challenges with finding and retaining the right talent, as well as added pressure from customers and shareholders alike. Let’s take a closer look at dark warehouses and what they mean for the future of warehouse management.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Software Warehousing Demand Planning Software 45