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How to Optimize Reverse Logistics!

Supply Chain Game Changer

What Exactly Is Reverse Logistics? Optimize Reverse Logistics article and permission to publish here provided by Raanan Cohen at bringg.com. If you think reverse logistics isn’t relevant to your business, think again. How can you optimize reverse logistics?

Why Reverse Logistics Systems and Transportation Management Should Be Considered Together

Cerasis

Needs for efficient reverse logistics systems continue to increase as e-commerce claims greater market share, and as so many traditionally functioning businesses grow and inevitably incur increasing volume of returns. This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals. Need For Reverse Logistics Breeds Opportunity. Efficiently managing reverse logistics is a daunting challenge for many businesses.

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The Impact of the Coronavirus Crisis on Reverse Logistics

Enterra Insights

Therefore, reverse logistics companies are preparing for managing the influx of returned or replaced items during this time.”[2]. Reverse logistics: An inconvenient challenge. Journalist Maghan McDowell ( @maghanmcd ) calls returns (aka reverse logistics) “an inconvenient challenge” for retailers.[3] ” While everybody is familiar with the basic concept of returned items, the term reverse logistics might not be quite so familiar.

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

Why Reverse Logistics Are Crucial to Customer Experiences

Veridian Solutions

Reverse logistics refer to the complex processes of returning products and purchases from consumers to retailers and third-party liquidators. Reverse logistics is the opposite of typical order fulfillment , but reverse logistics usually includes increased costs for retailers. In today’s world, consumers expect free return shipping, and failure to offer a positive, easy returns experience can have a detrimental effect on future sales.

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.” Aside from the demand planning, customer order management, and supplier order management activities associated with Fulfillment most people traditionally think of Fulfillment in the context of the Warehouse or Distribution Centre. Subscribe Here!

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. Smart warehousing.

How Last Mile Delivery Affects the Supply Chain

The Network Effect

DC’s and FC’s will already have a robust Warehouse Management System (WMS). 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. Returns and Reverse Logistics. By David Meyers. Principal, Supply Chain Technology, Tompkins International.

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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.

What Are the Top Warehouse Management KPIs Every Supply Chain Exec Should Measure

Cerasis

Warehouse managers face many challenges. These challenges can be overwhelming, but supply chain executives and managers can simplify the process by tracking these top warehouse management KPIs (key performance indicators). The Top Warehouse Management KPIs: Receiving and Put-Away KPIs. The first set of warehouse management KPIs supply chain executives need to understand revolve around receiving and put-away rates in a warehouse. Shipping KPIs.

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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.

Warehouse Material Handling: The Complete Guide

EMERGE App

Warehouse material handling literally determines how safe your employees are, how productive they remain, and how motivated they are to keep working. Are you concerned about how effective your warehouse material handling processes are? Warehouse Material Handling Dimensions.

Why the Right Strategy to Managed Inventory Hinges on Clear, Concise Communications

Turvo

A managed inventory depends heavily on teams and leaders that can communicate with each other to avoid operational issues, overstocking, or worse, running out of inventory when the customer is ready to buy. It all makes communication a vital part of maintaining a managed inventory.

How Strong Last Mile Solutions Lead to Happier Holiday Shoppers

CH Robinson Transportfolio

But for many of us in the supply chain industry, the holiday shopping (and shipping) season has been on our minds for months already. And if you’re like many of the companies I work with, your last mile strategy is beginning to take center stage, especially when considering an omni-channel shipping strategy. But what exactly goes into a last mile shipping strategy? Each should have its own place in your holiday shipping strategies. Business Retail Reverse Logistics

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. This will include every step and process within the manufacturing line, warehouse or distribution centre of your company or that of one of your suppliers. It will include any of your logistics carriers and all of your customers.

Insight on how 3PL handles eCommerce Returns for B2B and B2C Retail Brands

Vinculum

Why Third-party Logistics? However, logistics is one of the areas where complexity arises as one moves from physical retail to e-commerce. That is where the third-party logistics retailing comes into picture.The complexity, which comes along with e-commerce, makes a strong case for hiring a third-party logistics provider. What is Third Party Logistics all about? Need for Third Party Logistics Outsourcing.

The 9 Key Considerations of an Effective Last Mile Logistics Strategy

Cerasis

Understanding last mile logistics is only half the battle. Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points. Planning Is Essential To Have an Effective Last Mile Logistics Strategy. Logistics

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.

Top 15 Logistics Blog Posts of 2014

Cerasis

We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. There are countless number of logistics service providers who offer many different types of broad and niche services. Top 15 Logistics Blog Posts of 2014.

Preparing for the Future of Supply Chains

Talking Logistics

If you could tell a warehouse manager back in 1980 that someday robots would be working alongside humans in the racks, or that individual items could be tracked and traced in real time, they would have laughed it off as science fiction. This practice rewards forward-thinking—quite literally, in this case—supply chain and warehouse management teams that accept and embrace the change that will revolutionize workflows many times over between now and retirement.

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.

Understanding E-Commerce Fulfillment: Definition, Process, Resources!

Supply Chain Game Changer

Keys to Success in Warehouse Management/Order Fulfillment! A 2018 study found that free shipping was the number one feature for online shoppers. In addition, shipping costs are a major factor in shopping cart abandonment. Speed matters also: 25 percent stopped orders when shipping was too slow. Now that your business has grown, you may outsource your fulfillment to a third-party logistics (3PL) service. Receiving and Inventory Management.

The Effect of Consumer Delivery Demands on Shippers and How Retail Compliance Programs Can Help

CH Robinson Transportfolio

Explosive growth of ecommerce means huge volumes of goods are moving from suppliers to distribution centers, stores, and residences, and, in the case of returns (it is estimated shoppers returned $385 billion worth of inventory in 2017), back again. Unable to pass shipping costs on to consumers accustomed to free shipping, retailers must be as efficient as possible within this vast and complicated network. .

The Effect of Consumer Delivery Demands on Shippers and How Retail Compliance Programs Can Help

CH Robinson Transportfolio

Explosive growth of ecommerce means huge volumes of goods are moving from suppliers to distribution centers, stores, and residences, and, in the case of returns (it is estimated shoppers returned $385 billion worth of inventory in 2017), back again. Unable to pass shipping costs on to consumers accustomed to free shipping, retailers must be as efficient as possible within this vast and complicated network. .

Warehouse Audit and Survey

The Lean Supply Chain

Warehouse Optimization/Cal Poly Small Business Development Center for Innovation Consultant. First, look at the inventory: Is it pallets? No one should roam the warehouse and take parts for samples/sales unless they notify the warehouse staff. One of the root causes for variations in cycle counting on hand in the warehouse versus on hand in the computer is: theft! How to solve warehouse problems : Use DMAIC: Define, Measure, Improve, and Control.

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.

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

Veridian Solutions

For example, take these leading top software applications used in supply chain execution: transportation management system (TMS), warehouse management system (WMS), yard management system (YMS), labor management system (LMS), order management system (OMS), enterprise resource planning systems (ERP), and software-as-a-service (SaaS). The TMS is also useful for managing all logistics needs, particularly procurement and reverse logistics.

‘Try Before You Buy’: A Huge Logistics Challenge for E-Tailers

Supply Chain Brain

Retailers were forced to cope with large volumes of returns, becoming experts in the art of reverse logistics. Take Nordstrom’s Trunk Club , the subscription-based service that ships out curated selections of clothing periodically and invites buyers to return whatever they don’t wish to keep. In the event, they are saddling themselves with a substantial logistics challenge. Warehouses, too, might be too small to cope with the additional volume.

Omnichannel Operations Benefit from Cognitive Computing

Enterra Insights

Key applications of omnichannel in manufacturing include increasing end-to-end visibility in material availability; however, many companies overlook ways to improve manufacturer-warehouse relationships, thus they are unable to push operations beyond availability and reliability of supplies.” ” It’s no surprise Rosing raises the importance of warehousing. Even former retail space is, in some cases, being converted to warehouse space. Reverse logistics.

Supply Chain and E-Commerce: How Is E-Commerce Changing Supply Chain Management?

Cerasis

Customer service is more important than ever, and customers expect purchases to arrive at record speeds with free or low-cost shipping, says GlobeCon Freight Systems. Warehouse managers used to oversee somewhat reasonable-sized warehouses that were separated by channel. Enhanced reverse logistics, increasing customer service and giving warehouse managers a means of handling returns regardless of their origin.

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. Locate Warehouses in urban areas The third way to reduce last mile cost is placing warehouses in urban areas, near end-user places. Depending on your business, there are different types of warehouse: sun warehouse, x-dock.

The Blurring Line Between Retail and Logistics

Elementum

That’s probably why some of the biggest companies in the world are moving beyond retail to establish their own logistics task forces. From Amazon to FedEx, the line between e-commerce retailer and logistics provider is blurring. How E-Commerce Brought Logistics From a Back-End Function to an Operational Powerhouse. Logistics has always been vital to the customer experience. Amazon now uses drones for shipping. Logistics retail amazon ecommerce walmart

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.

3 Uses of IoT Tech Spurring Sustainability in Supply Chains

Cerasis

In the shipping and manufacturing industries, that same “worldwide web” is now being deployed to encourage more energy-efficient operational and communication strategies for a low-carbon economy, thanks to IoT Tech. But perhaps the most far-reaching changes will center around the use of large data systems to drive sustainability in logistics and supply chains. The Internet has already transformed the way individuals interact, make choices, and process information.