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

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Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

Recovering your assets is a difficult task no matter what your occupation with reverse supply chains in the marketplace. Effective Reverse Supply Chains. This excess of inventory can often pose as a problem when companies already have a long list of issues to tackle to remain relevant in the market. However, technology can be used to turn what seemed as losses into standby sources of revenue. 4 Core Benefits of Deploying a Reverse Supply Chains Process.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. supplychainmanagement #humanresources #procurement #logistics #jobs. Subscribe Here! Email Address.

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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

When you are Replenishing those goods you are engaging processes associated with Inventory management, re-order points, stocking levels, order lead times, transit times, purchase order changes and more. If there is any problem with these goods, for instance due to quality issues, the customer may return those goods, In this case they often want replacement items in which case you are now replenishing supply with additional goods and working with the entire Reverse Logistics process.

Locus Robotics at Retail Supply Chain Virtual

Locus Robotics

Join us at the Retail Supply Chain Virtual conference, August 20-21 2020, for this year’s most important retail logistics topics regarding the New Normal for e-commerce supply chains. ``We will define lasting change in the retail revolution.``.

Locus Robotics at Retail Supply Chain Virtual

Locus Robotics

Join us at the Retail Supply Chain Virtual conference, August 20-21 2020, for this year’s most important retail logistics topics regarding the New Normal for e-commerce supply chains. ``We will define lasting change in the retail revolution.``.

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Check out What Exactly Is Reverse Logistics? Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. I worked in Materials Handling, Packaging Engineering, Warehouse Space Planning, Resource Planning, Procurement, Inventory Management and Control, Production Control, Systems Management and other areas.

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.

How A Brewery Company Manages Contracted Transporters In Real-time

Abivin

As a big manufacturer, they follow a strict logistics process to manage transportation in real-time, which has been proven to improve efficiency and profit. Image Source 2. Company logistics organization structure Logistics organization structure can vary from different companies and the demand to optimize general process. First, let’s take a look at the logistics optimization platform implementation to see how technology can change the whole logistics efficiency.

The State of Supply Chain Trends Part III: Circular Supply Chains, Collaboration, and Risk

Cerasis

More importantly, the steps for creating a collaborative relationship were further defined, reports PLS Logistics , to include the following: Work together to create common-ground. However, the solution to these problems lies in distributing the workload evenly, including access to data sources and sharing of information. With relation to inventory management and product complexity, new technologies, such as 3D printing, are enabling more efficient inventory management and control.

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Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

A predominant issue is having single, or sole, sourced parts. If the supplier provides materials that can be sourced elsewhere then you have a path to developing a contingency plan. Every part of your Supply Chain from suppliers, to logistics carriers to Distribution Centres, Manufacturers and Marketing channels must all have sufficient capacity to meet your needs. And Supply Chain manages the levels of inventory which can dramatically impact the deployment of cash.

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. As companies take steps to achieve lower rates, by utilizing third-party logistics providers ( 3PLs ), the competition will further increase.

The Supply Chain Gender Pay Gap is Narrowing!

Supply Chain Game Changer

With the increased prominence of Supply Chain, Logistics and Procurement within organizations, is compensation increasing? The top 5 technical skills were, in order: Inventory Management, Project Management, Best Practice Knowledge, Computer Skills, and Risk Management. Subscribe Here!

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

Our customers overcome demand volatility and supply chain complexity for outstanding service levels with reduced inventory. ToolsGroup solutions include Demand Planning & Sensing, Inventory Optimization, Allocation & Replenishment, Demand & Supply Collaboration, Promotions Planning and S&OP. PRESS RELEASE.

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Want to Improve Supply Chain Performance and Profitability?

OneSCM

This silo mentality, along with the physical inability to distribute information in real-time, can make it difficult to determine if and how operational decisions will affect an organization, starting with sourcing and procurement and ending with reverse logistics. For example, if a transportation management system (TMS) does not update an inventory management system, each purchase order (PO) placed must be tracked using manual requests.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

This silo mentality, along with the physical inability to distribute information in real-time, can make it difficult to determine if and how operational decisions will affect an organization, starting with sourcing and procurement and ending with reverse logistics. For example, if a transportation management system (TMS) does not update an inventory management system, each purchase order (PO) placed must be tracked using manual requests.

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. With more Full Truckload (FT) carriers turning away shipments in the 5,001 to 10,000 weight band, according to Jeff Berman of Logistics Management , the demand for LTL will increase. For shippers, this means finding a way to handle changes in inventory and replenishment, as well as managing outbound freight and reverse logistics.

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. Don’t forget Reverse Logistics Reverse logistics involve the process of delivering the desired goods to customers, receiving and sending back their unwanted products.

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. There’s also the issue of sourcing , as companies consider nearshoring and reshoring and requalify and re-assess their suppliers and sub-suppliers. Don’t put all your eggs in one basket: Start establishing other sources now. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

A natural starting point is the level of single, or sole sourcing, that is put in place. A sole source is a supplier selected because they are uniquely able to provide the materials or components, whether by virtue of intellectual property or other means of going to market with exclusivity. A single source is a supplier selected as the only supplier, on the basis of varying decision criteria, even though there are other suppliers able to provide those materials.

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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.

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.

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

Cerasis

Cantaloupe System uses the IoT to help monitor the temperatures of their vending machines, detect thieves, and monitor inventory. In the future, the IoT may allow vending machines to recognize dropping inventory, place orders for more product, recognize delivery of products, and generate a payment to the respective supplier.

Wearable Technology in the Supply Chain: 3 Core Benefits

Cerasis

Today, wearables are becoming increasingly popular, and these devices have the potential to radicalize the typical supply chain in forward and reverse logistics processes. Additionally, the rise of third party logistics providers is helping the same organizations attain the same cost and efficiency of their bigger competitors. Do you ever watch Undercover Boss? Think back to 2012 when Sam Taylor, CEO of Oriental Trading Company , went undercover in his own company.

Three Benefits of a Resilient Supply Chain

Oracle SCM

Massive weather disruptions constitute a potential logistical nightmare. When La Niña threatens the ability to source material, manage operations and inventory, or transport it, it becomes a supply chain problem. Supply chain solutions need to be flexible enough to change and powerful enough to help organizations stay online, manage inventory and respond to change. Mitigate unpredictability in the weather with predictability and total control of your inventory.

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. 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. Inventory Turnover. turns, or 32 days of inventory on hand. Subscribe Here! Email Address.

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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. In 2013, UPS became the first logistics provider to offer 3D printing services at select UPS Stores. According to Ti’s white paper on the topic, some goods manufactured in Asia-Pacific could be near-sourced to the US or Europe. Also, the mass customization of products would mean that inventory levels fall, as goods are made to order.

[INFOGRAPHIC] 5 More Supply Chain Trends To Watch Out for in 2016

Cerasis

It also requires the ability for logistics and supply chain managers to look at forward moving logistics as well as reverse logistics. . The use of reverse logistics provides a myriad of benefits to include: Reduced administrative, transportation and aftermarket support costs. When the time comes to get rid of this equipment, business owners can employ reverse logistics practices to reap a second return on investment from the equipment.

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6 Manufacturing Trends to Watch Out for in 2016

Cerasis

Instead of setting up brick-and-mortar stores, or keeping inventory on hand, you can start offering this new product on your new store. Manufacturers will be able to improve their inventory due to the information presented by both supply chain and operations data. We have written quite extensively about the role of robotics in manufacturing as well as the impact on supply chain and logistics. Manufacturers Look towards Logistics Efficiency to Stay Competitive.

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Jobs and Career Paths in Supply Chain and Logistics

Logistics Bureau

Are you fresh out of college or university and planning to enter the supply chain or logistics profession? Source: Council of Supply Chain Management Professionals 2017 Survey. Of course the same is true in many professions, but is particularly so in the arena of supply chain and logistics. Types of Job in Supply Chain and Logistics. There are many job types in supply chain and logistics, so to simplify things, it’s best to categorize them in some way.

Supply Chain Education and Certification – What’s Missing?

Supply Chain Game Changer

Supply Chain includes planning, budgeting, strategy development, resource planning, capital management, cash flow management, procurement and purchasing, supplier sourcing and management, manufacturing, operations, warehousing, distribution, logistics, inventory management, customer order management, reverse logistics, customer experience, information technology, risk management, business process management, forecasting, information flow and materials flow, and on and on.

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.