Remove Inventory Remove Procurement Remove Reverse Logistics Remove Shipping

What Exactly Is Reverse Logistics?

Supply Chain Game Changer

And then at some point all of these activities were included under the banner of “Reverse Logistics” What on earth is Reverse Logistics? So What Is Reverse Logistics? The term “Reverse Logistics” was first coined by James R. I was certainly familiar with Repair, Recycling, Reclamation, Salvage and ReUse to that point but Reverse Logistics seemed like an odd phrase. And Why Is Reverse Logistics Important?

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. The Cash Cycle is a function of the days of Accounts Receivable, Accounts Payable, Inventory and Capital Expenditures. The Supply Chain is directly responsible for the payment terms for Accounts Payable, Inventory (this does vary between companies), and even the negotiated terms for Capital purchases. Subscribe Here! Email Address.

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

How Last Mile Delivery Affects the Supply Chain

The Network Effect

The orchestration of processes and information for the procurement of goods to the “last mile” delivery to the customer is a required competency in today’s direct to consumer marketplace. As many regional delivery hubs do not require the full breadth and depth of a WMS, some basic functionality is still needed: receiving, cross docking, inventory visibility, labor and task management, staging, driver check-in and check-out, quality audit, loading, and shipping.

DC 130

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Techniques such as drop shipping and full case fulfillment and replenishment eliminate several handoffs and touches throughout any Supply Chain. Now consider that this same data entry occurs between all suppliers, customers and logistics carriers. It will include any of your logistics carriers and all of your customers. Planning, Procurement, Manufacturing, Logistics, Inventory Management and more are most often activities assigned to some internal organization.

Back to Supply Chain Basics: Selling and Servicing Inventory

DSI

The paraphrase I’ve applied to supply chain is “you buy the inventory, you transform the inventory and you sell and service the inventory.” In this last installment, I will concentrate on the basics of selling and servicing inventory. In today’s commoditized marketplace, customers have many choices of where they can procure product. As I’ve said earlier in this series , it all comes down to inventory visibility. Shipping options.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

The election is over, but the race is just starting for logistics providers. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. Fortunately, your organization can get ahead of the learning curve by knowing what trends in logistics to watch for this year. The Top 6 Trends in Logistics Impacting Shippers in 2016. Autonomous Trucks Will Drive Logistics Forward. Logistics

Trends 223

Tips for Effectively Managing E-Commerce Logistics

Cerasis

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. In order to manage e-commerce logistics and maintain cost efficiency, shippers need to know the challenges in managing e-commerce logistics, how a TMS can help, and a few tips to streamline the process. What Are the Challenges in Managing E-Commerce Logistics? Offer multiple shipping options to consumers.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. Borders were closed, air travel curtailed if not suspended outright, cruise ships were quarantined, tourism plummeted, restaurants and theatres were closed, and entertainment and sporting events and leagues were cancelled. Mission Critical and Strategic Inventory Positioning. Subscribe Here!

Iran 72

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. For every node of the supply chain this means that there is transportation, movement and handling, inventory, and production and over, or under production. Subscribe Here!

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

Even JP Morgan, Microsoft, and Google, reports Jonathan Chester of Forbes , are working to increase blockchain development and innovation, and supply chain leaders need to understand how the use of blockchain in supply chain and logistics will bring about lasting change and improvements in efficiency. Blockchain is entering a phase of development that will affect every aspect of supply chain and logistics management, ranging from procurement to forward logistics and beyond.

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. According to the CSCMP's "State of Logistics" Report from 2015, logistics costs now make up over 8% of the GDP. Any percentage less for your business with logistics costs as a percent of your revenue, goes straight to the bottom line. . Logistics Cost Reduction by Focusing on Safety.

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.

Explaining the Supply Chain Management Software Alphabet Soup: TMS, WMS, YMS, LMS, OMS, & More

Veridian Solutions

The TMS is also useful for managing all logistics needs, particularly procurement and reverse logistics. The WMS is the system of record for warehouse management, capable of controlling inventory, processing orders, and many additional purposes. WMS software guides inventory receiving and put-away, optimizes picking and shipping of orders, and advises on inventory replenishment.”. Supply chain management software can be confusing at times.

8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. In 2017, the company began to look at new options for warehousing, knowing it would need to start placing inventory closer to customers if it wanted to compete in the challenging omnichannel retail space. Inventory shortages. Select one strategic logistics partner and build a long-term, close relationship. Procurement costs.

Omnichannel is another Word for Complexity

Enterra Insights

David Egan, head of industrial and logistics research in the Americas for the CBRE Group, told Burnson, “These mega-facilities serve as the backbone of retailers’ fulfillment networks, distributing goods across multi-state regions. And also, how much and where the optimal inventory should go so we can satisfy that customer’s needs wherever she wants to shop.”[5] … Omnichannel is not just a logistics decision.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory.

50 expert warehouse optimization tips and techniques

6 River Systems

Click on a link below to browse tips related to a topic of interest: Tips for optimizing your warehouse layout & organization Tips for optimizing your warehouse workflows & processes Warehouse inventory optimization tips Optimizing your warehouse with tools & technology Tips for optimizing your warehouse layout & organization 1. Where is your picking operation located with respect to shipping and product storage? Optimize your logistics network.

Innovate or Die: How’s Your eCommerce Strategy?

FLEXE

Your logistics could mean the difference between life and death. In this article, we explore how eCommerce retailers can strengthen the backbone of the business—logistics—and leverage new, collaborative technologies to increase sales, improve customer retention, and decrease shopping cart abandonment. In eCommerce, logistics can make or break your business. That means, nearly 61 out of 100 shoppers on your site will go elsewhere if shipping costs are too high.

Warehousing, the Rise of IT, Automation, and Now… Robotics

Logistics Bureau

Affected by changes in production, procurement and distribution methods, warehousing has continually been pushed and pulled in different directions. Logistics services provider TNT runs a large distribution hub in Belgium. The benefits of these tools are principally in the acceleration and increased efficiency of operations, plus improved tracking and inventory optimisation. From a simple place to stock goods, warehouses have developed in many ways—function and form included.

The Agile Supply Chain! Why Agility is Trumping Lean!

Supply Chain Game Changer

Another key benefit of agility in the supply chain is focusing on avoiding potential shortages and eliminating excessively stocked inventory. In a sense, overstocking inventory was a typical response of lean concept. Unfortunately, changes in the economic market, consumer demand, and the growing customization of goods has led to high costs as inventory was unusable or became unwanted over time. SCM #SupplyChain #Lean #Distribution #Logistics #Procurement.

Lean 57

Subscription Box Retail: Match Supply with Growing Demand

FLEXE

In this article, we explore why subscription boxes are so successful and how logistics and pop-up fulfillment services can further that success by increasing delivery coverage and decreasing shipping costs. With an outsourced, on-demand distribution network, subscription box retailers can save money on logistics and invest more time and money into marketing, customer engagement, and quality of products and packaging. Shipping times vary depending on member sign-up.