Remove Inventory Remove Procurement Remove Shipping Remove Warehousing

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

Logistics Bureau

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. Just-in-time techniques have led to more products arriving directly from manufacturing to the end-customer, shrinking warehouse use. Where to Do Your Warehousing. Who Will Do Your Warehousing?

More than storage: What warehouse services can a 3PL provide?

Kanban Logistics

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. Recap: basic warehouse services. You can choose to simply go it alone and build or rent a warehouse yourself.

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Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock. First, take a physical wall-to-wall inventory.

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

50 expert warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Of course, warehouse optimization isn’t something you do just once; it’s an ongoing process, and a complex one at that.

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock.

E-Commerce Shipping: Why Shippers Are Mastering E-Commerce to Go Omnichannel

Cerasis

Unfortunately, shippers may overlook the biggest obstacle to omnichannel, developing effective e-commerce shipping practices. To avoid the retail apocalypse and achieve omnichannel success, shippers need to understand the challenges of e-commerce shipping, how it contributes to omnichannel success and a few tips to succeed in it. According to Stacey Rudolph of Business2Community, e-commerce shipping is complicated with an average return rate of 30 percent.

The 3 Biggest Problems Your Logistics Teams Will Face in Q4 and How to Solve Them with On-Demand Warehousing

FLEXE

Aside from that being one of your busiest times of the year, the movement to eCommerce and omnichannel shopping has made accurate demand planning impossible and inventory allocation harder than ever. Between inventory fluctuation and seasonality, making it all fit when it needs to, and general supply chain disruptions, there’s a lot to plan throughout the year. He’s in charge of inventory management across its distribution and fulfillment network. Planned Inventory Peaks.

Effective Warehouse Management in an Omnichannel World

Cerasis

An effective warehouse management strategy is key to staying competitive and meeting consumers’ expectations in the omnichannel world. Knowing the available inventory and assets only in distribution centers is inefficient and lacks value, but when applied across an entire supply chain network, inventory visibility propagates effective warehouse management. As a result, stores and regional warehouses end up overstocked or understocked, and carrying costs soar.

What are the 3 Decision Rules for Inventory Control?

Unleashed

Effective inventory control is a process. It involves many areas of an organisation and is a delicate balance between the three categories of inventory costs. As one of a business’ greatest assets, inventory is also the cause one of the hardest decisions manufacturers, retailers and eCommerce businesses have to make. Therefore, it is important to establish a set of guidelines to improve inventory decisions and optimise inventory control.

20 warehouse professionals and business leaders reveal the single most important first step when designing a warehouse layout

6 River Systems

There are many factors to consider when designing a warehouse layout, and every design decision can have a significant impact on operational efficiency. Curtis Barry & Company , labor comprises more than half of a warehouse’s total operations costs. A poorly designed warehouse floor plan means warehouse associates must walk longer distances to accomplish tasks, resulting in wasted time and resources. Warehouse requirements do not denote storage alone.

The Ins and Outs of SDE Analysis in Inventory Management

Unleashed

Inventory control encompasses all aspects of managing a business’ inventory stock, from purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering. Inventory control is such a critical function for many businesses spanning every industry. Without effective inventory control methods, the supply chain can suffer , you risk not being able to meet customer demands adequately, and your business’ bottom line will reflect this.

5 Reasons Why You Should Go for Paperless Warehousing

Vinculum

Warehousing is critical in movement of goods from manufacturer to the end customer. Whenever we come across this term ‘Warehouse’, we imagine a big closed place which is used for storage of the goods to be transported, whether inbound or outbound, trucks moving to and fro, lot of labourers would be working etc. The Indian warehouse market was worth INR 561 Billion in 2018. To cater this market demand investors are investing heavily in warehousing projects.

The Last Mile Really Does Begin with the First Pick From Your Warehouse

Veridian Solutions

As explained by Supply Chain 24/7 , digitalization of the logistics industry, including warehousing, continues to drive the market. The process continues until the order ships. So, warehouse leaders must consider two sides of the first touchpoint—the stage of picking the item and the actual inbound logistics of how it arrived in the warehouse or distribution center. How Procurement Contributes to Improved, End-to-End Supply Chain Efficiency.

Excess and Obsolete Inventory: You’re All Responsible for It!

NC State SCRC

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. In the end, excess and obsolete inventory occurs because of mistakes, mis-aligned decision-making, and lack of consideration of the cost of inventory in countless decisions, including product design, sales forecasting, sales and operations planning, and lack of awareness. Measure life cycle inventory cost.

The Beginner's Guide to Inventory Control and Management

Supply Chain Opz

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 can be defined as below: “Inventory control is the function responsible for all decisions about all goods and materials in an organization. Inventory control often starts with how to know the demand of particular product. What is Inventory Cost?

WMS and Cycle Counting: How to Reach Inventory Management KPIs

Veridian Solutions

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. Failure to track replenishment and procurement activities. Which Inventory Management KPIs Are the Best?

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. You could pick up a job as a warehouse picker, a forklift driver, or even a truck driver. Manage inventory levels.

Featuring Our 10 Best Warehouse Order Fulfillment Articles!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Our latest “Featuring” series article covers the topic of Warehouse and Distribution Centre order fulfillment. So take some time and check out our very best Warehouse and Distribution Centre fulfillment articles! From Click to Ship in 4 Minutes – Principles for World Class Order Fulfillment! From Click to Ship in 4 Minutes! Keys to Success in Warehouse Management / Order Fulfillment!

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Flying Warehouses! And Mobile Fulfillment Centers that Exist Today

FLEXE

Illustrations in the filing show a flying warehouse, which would remain at high altitudes as drones fly back and forth between the warehouse and nearby shipping destinations. The flying warehouse is designed to do things like hover over stadiums and restock concession stands in real-time. Leading e-retailers are using pop-up fulfillment centers to augment their supply chain to do similar things as the flying warehouse might do. The post Flying Warehouses!

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

You can’t just turn around a giant cargo ship. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. Once cargo has shipped, there are no “backsies.” This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory management practices. Shipping Overseas.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations. You can’t just turn around a giant cargo ship. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. Once cargo has shipped, there are no “backsies.” And considering that our international tariff laws have been more dynamic in the past three years, shipping U.S.

Overcome Foodservice Disruptions: Focus on Technology, Service Networks, and Transportation

CH Robinson Transportfolio

While inventory levels and demand requirements continue to remain irregular, the most successful companies focus on technology, service networks, and expedited transportation options to overcome challenging market conditions. No one could predict how much uncertainty 2020 would bring.

Ocean Shipping Trends: What to Expect in 2019

CH Robinson Transportfolio

This has been an interesting year for the ocean shipping industry. 2019 Ocean Shipping Trends. We saw tariffs and retaliatory tariffs enacted, leading many importers to ship earlier than normal to avoid paying higher tariffs. Besides front loading their shipping to avoid tariffs , importers are accelerating supply chain diversification by moving toward Southeast Asia. With the escalations in tariff and front loadings, most warehouses continue to struggle with space.

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Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

Global supply chains are fundamentally rearranging and there’s a lot of reflection on how the urge to optimize efficiency (whether it was offshoring manufacturing to keep labor costs down, or making supply chains very lean to cut inventory costs) made supply chains more fragile.

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

Ensure that your warehouse operation is safe. Analyze labor reduction for any warehousing operation. There are Labor Management Software systems that can help manage work in the warehouse. Incentive programs for warehousing employees do work. Try warehouse mobility in your four walls. Productivity increases from wearable voice command tools can increase factory warehouse efficiencies up to 30 percent, according to an article in Supply Chain Management Review.

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

This strategy particularly applies to international shipping, where rates vary wildly. Establishing relationships with reliable shipping companies will allow you the freedom to count on them to charge you the correct rate for the country you’re delivering to. Warehouse Operation

3 Technology Companies Disrupting Shipping

FLEXE

The speakers cover everything from air and ocean freight to trucking and warehousing. I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. Basically, responsible for ocean freight carriers, ocean ships that rely on truck companies. We are a marketplace for warehousing services. So if you operate a warehouse, if you rely on 3PL to operate your warehouse, we are a networked marketplace of, essentially, 3PL services.

Ocean Shipping Trends: What to Expect in 2019

CH Robinson Transportfolio

This has been an interesting year for the ocean shipping industry. 2019 Ocean Shipping Trends. We saw tariffs and retaliatory tariffs enacted, leading many importers to ship earlier than normal to avoid paying higher tariffs. Besides front loading their shipping to avoid tariffs , importers are accelerating supply chain diversification by moving toward Southeast Asia. With the escalations in tariff and front loadings, most warehouses continue to struggle with space.

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This Week in Logistics News (October 8-12, 2018)

Talking Logistics

I have to go to the grocery store again today to replenish our inventory (yeah, I don’t shop for groceries online; as the son of a bodegero, I’m old fashioned that way.). Alexa Heads to the Warehouse (WSJ – sub. Warehouse Space Growing Tighter on Rising E-Commerce Demands (WSJ – sub. So if you can provide warehousing, transportation and/or material handling equipment to support disaster relief efforts, I encourage you to contact ALAN.

Manufacturing Quality Issue Turns into a Huge Success Story for Procurement

EC Sourcing Group

The issue began when the producer received bottles with defects that prevented them from shipping the product. Agreed to build a small warehouse next to the producer’s facility to streamline the supply chain. Agreed to Net 45 payment terms based on inventory pull – the company had previously paid 50% six months in advance for each order. The last point demonstrates the benefit of hiring people that understand procurement and what can be negotiated.

Inventory Carrying Costs & How They Impact Profitability

EazyStock

Maintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. But just how much inventory is the right amount to hold? What are inventory carrying costs? Inventory carrying costs (or inventory holding costs) refer to the overall expenses associated with holding or carrying items of inventory. Inventory service costs. Inventory risk costs. Inventory service costs. Inventory risk costs.

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

Robinson experts act as an extension of your team when it comes to contract management, transportation, warehouse services, consolidation, last mile delivery and fresh produce sourcing—allowing you to optimize your entire supply chain holistically.

Ultimate guide to technologies that are transforming supply chains

6 River Systems

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. IoT sensors provide real-time visibility into inventory levels, making it possible to identify sales trends and make more accurate projections to plan for future manufacturing or replenishment. Robotics enabled with AI and ML augment the work of humans in warehouses and distribution centers.