Remove Inventory Remove Reverse Logistics Remove Shipping Remove Sourcing

Reverse Logistics and the Power of Your 3PL!

Supply Chain Game Changer

Blog post originally published by Expak Logistics on [link] Permission to publish here provided by Morgan Dixon. For many companies, reverse logistics has become an integral part of their business plan, offering them the ability to maximize the efficiency of their operations. Generally, reverse logistics is defined as “the process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal. Subscribe Here!

A Case Study in Reverse Logistics Optimization!

Supply Chain Game Changer

Check out What Exactly Is Reverse Logistics? The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket. Additionally, the client’s inventory levels were reduced by 52 percent or $2.3

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

5 Tips to Improve Omnichannel Inventory Management

Unleashed

That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky. Many brands are turning to omnichannel inventory management to meet the challenge. We’re going to share five tips to help you make omnichannel inventory work for you. What is Omnichannel Inventory Management?

What’s the Difference Between Fulfillment and Replenishment?

Supply Chain Game Changer

From Click to Ship in 4 Minutes! According to dictionary.com one of the definitions of Fulfillment is “the process or business of handling and executing customer orders, as packing, shipping or processing checks.” Fulfillment can also be viewed in terms of orders being shipped inbound from suppliers to your Warehouse, in addition to orders being shipped outbound to customers from your Warehouse. Subscribe Here! Email Address.

LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

Cerasis

Black swans in the supply chain refer to unexpected, unusual disruptions within the supply chain, reports Melanie Nuce of Inbound Logistics. Shippers need to know why freight black swans are increasing, how using LTL to intermodal shipping options can reduce their incidence, and a few best practices to keep the use of intermodal from becoming a black swan itself. Shippers should work with multiple carriers and tap into the value of both LTL and intermodal shipping too.

Why OmniChannel Solutions are Needed in Shipping & Logistics to Meet Consumer Demand

Cerasis

When the Internet first arrived, the idea of waiting for an extended period to receive a product was great, asserts Gordon Hellberg of Material Handling and Logistics. However, Amazon is shaking up the mix by seeking to make today’s e-commerce practices obsolete, and shipping and logistics providers need to understand why. Consumers are also expecting more of manufacturers and shipping companies. Shipping and Logistics Providers Seek to Attract Millennials.

5 fundamental ways to reduce Last mile Delivery Costs

Abivin

The term “last mile” is more than just a buzzword in the logistics and supply chain industry, concerning the transportation of goods to the final destination. Source 1. Source 3. Rather than thousands of middle distribution channels, these urban warehouses are now near the highly populated areas for quicker and more convenient shipping. Source In this era of digital transformation, enterprises have incentives to integrate technology to coordinate deliveries.

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

Black Friday isn’t What it Used to Be…E-Commerce has Changed the Landscape

Supply Chain View from the Field

To complicate this, reverse logistics capabilities must be established to handle the high volume of exchanges, returns, and damaged goods as more websites cater to a guaranteed zero cost of return policy. To cope with this environment, companies are seeking to outsource more technology design, inventory management, working capital investments, and planning execution to other partners in the supply chain.

This is Not a Supply Chain Storm to Weather!

Supply Chain Game Changer

Supermarket chains can’t keep their shelves stocked while retailers have warehouses full of unsold inventory. With less transportation capacity, carriers are forced to hike shipping costs, and airfreight rates from China to Europe were already up 253% YOY in April. There’s also the issue of sourcing , as companies consider nearshoring and reshoring and requalify and re-assess their suppliers and sub-suppliers. Subscribe Here! Email Address.

The (Internet of Things) IOT Supply Chain Benefits Now Coming Clearer

Cerasis

Take a look at how the IoT supply chain is changing the landscape in terms of equipment functionality, shipping processes, invoicing and payments, and analysis of trends. The IoT Supply Chain and Shipping Processes. Cantaloupe System uses the IoT to help monitor the temperatures of their vending machines, detect thieves, and monitor inventory.

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.

Supply Chain Disruptions Are New Opportunities – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

The enforcements of draconian lockdowns, various economies have experienced severe shocks, adversely affecting global trade, global tourism & travel, International Aviation and Airports as well as International Shipping and Ports.

The Elegance of the Costco Supply Chain!

Supply Chain Game Changer

Fewer SKUs and suppliers mean less complicated logistics. This is a massive source of efficiency. Given the set up of the store Costco has all goods shipped, replenished and fulfilled in full pallet quantities. By working with suppliers to optimize the amount of product on a pallet Costco is able to reduce handling, maximize truck capacity utilization, and lower logistics costs. Costco eliminates the middle man in logistics bypassing distributors all together.

Lean 62

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. Inventory and storage costs.

Is Google the most innovative supply chain company in the world?

Freightos

Inventory management and replenishment as well as reverse logistics can now be managed by mobile as well as payments. million units shipped. In 2013, UPS became the first logistics provider to offer 3D printing services at select UPS Stores. It allows customers to upload electronic files to the online Staples Office Center and pick up the models in nearby Staples stores, or have them shipped to their address.

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.

How Returns Is a Tough Nut to Crack in Cross-Border eCommerce

Vinculum

With increased internet penetration and access to better logistics options, customers participate in cross-border eCommerce as well. The major challenge in cross-border eCommerce is returns management of unsold inventory and high cost of reverse logistics. Returns USA provides returns management and reverse logistics services for both domestic and cross-border eCommerce reducing return costs and increasing your profit margins.

Preparing Your Business for the Holidays? Don't Forget These Supply Chain Essentials

Elementum

To provide the extra manpower needed for increased operations, 738,800 new employees were hired by retail and shipping companies. Check inventory and monitor consumer reports to predict which products are going to be in demand. Communication with suppliers, manufacturers, logistics, etc. They should be properly trained for anything that may go wrong and should have everything they need to be proactive in pressing logistical situations.

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.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. The processes, and the decisions that are made in managing those activities include Component selection, Supplier selection, Network creation, Node location planning, delivery requirements, and inventory levels amongst many other elements. Low cost sourcing is a predominant reason for this geographically dispersed network. Subscribe Here!

Seasoned Leadership in Action™! An Interview with Skip Boothby!

Supply Chain Game Changer

Some parts were manufactured internally and most others were sourced around the world. This drove our decision to enter into sourcing services, vendor management and supplier owned inventories. We felt we were pushing the envelope then by offering forward supply chain services along with reverse logistics and after-market services under one umbrella. The role of supply change management and logistics is becoming more important to everyone. Subscribe Here!