Remove Inventory Remove SCM Remove Sourcing Remove Transportation

RFID in the Supply Chain: Fizzling Technology or the Future of Effective SCM?

Cerasis

More recently, with the rise of interconnected systems, the analytics to derive value from those systems seems, and decreased costs, RFID is resurrecting as a solution for increasing supply chain management (SCM), visibility into processes, and reducing inventory tracking costs. Active Versus Passive RFID Tags in SCM. Both passive and active tags have been a subject of debate in SCM. Instantaneous inventory cycling reduces delays and speeds SCM.

SCM 191

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. SCM systems provide a strategic advantage and business insight to companies and their operations. SCM systems tie together and define a plethora of business processes and enable the flow of information between them – in essence SCM is the new business operating model. Today, SCM systems are critical to businesses of all sizes and in all industries for managing their day to day operations.

SCM 96
Insiders

Sign Up for our Newsletter

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

SCM Technology Leaders JDA and RedPrairie to Merge

Supply Chain Network

It will be the single best source of software products and domain expertise for manufacturers and retailers. To learn more about how RedPrairie solutions can optimize your inventory, improve employee productivity or increase sales, visit RedPrairie.com or email info@redprairie.com.

SCM 88

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

Cerasis

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. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand Data Integrity to Reduce Inventory Costs. Source: [link].

Lean 191

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

In this article, leading experts from various sectors in transportation industry will discuss transportation trends you should take a closer look. James Winebrake, Dean of College of Liberal Arts, Rochester Institute of Technology There are a number of important trends happening in the freight industry, spanning all modes of transportation: trucking, shipping, rail, pipeline, and air. Are there other transportation trends to watch and why

Trends 130

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

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. SCM involves the flow of materials, finances and information.

Is Hyperloop the Next Great Supply Chain Technology?

Kinaxis

Hyperloop is a theoretical transportation technology, a long-awaited “fifth avenue” of transportation that uses vacuum tubes and linear induction motors to shuttle pressurized air capsules along a track, using a lack of friction to achieve speeds as high as 700 mph (approx. The CEO of the company behind the test (Hyperloop One) estimates that the system will be transporting cargo by 2019 and passengers by 2021.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Before we get into blockchain’s potential entry points into the supply chain ecosystem, let’s take a look at the two current trends in SCM *(Supply Chain Management): Dynamism SCM has evolved to become a huge, global ecosystem. This newfound visibility allows participants in a supply chain to proactively optimize components of their processes (like inventory management, staffing decisions, and a thousand more) to support an efficient and agile product path.

This Week in Logistics News (August 5-9, 2013)

Talking Logistics

E2open Acquires icon-scm. Which will have a greater negative impact on transportation operations in the months ahead: the new Hours of Service rules or CSA? In technology-related news, Oracle announced the new release of Oracle Retail Allocation that helps retailers “to deliver the right product, in the best assortment, for each location using real-time inventory levels along with sales and planning information.”

Quantum Leap to the Top 10 Supply Chain Skills of the Future!

Supply Chain Game Changer

Supply Chain employees must have a working knowledge of any one or all of Planning, Procurement, Category/Commodity Management, Supplier Relationships, Logistics, Sourcing, Quality Management, Warehousing, Inventory Management or anything else Supply Chain related. It will be a source of competitive differentiation, it will become more cost effective, it will be function that people are excited to be a part of, and it will drive your company’s future success.

What’s the Difference Between Logistics and Distribution?

Supply Chain Game Changer

The logistics of physical items usually involves the integration of information flow, materials handling, production, packaging, inventory, transportation, warehousing and often security. Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning, and management of third party logistics services providers.”

The Supply Chain Control Tower! An Assessment!

Supply Chain Game Changer

Here are some of the key capabilities to look for in a control tower solution: End-to-end Visibility – visibility across supply chain partners, including suppliers, contract manufacturers, transportation carriers, third-party logistics. Image Source: Slideshare. Transport management – Planned and optimized shipments and streamlined communication between all parties. SCM #SupplyChain #Technology #Industry40 #Digital #Leadership. Subscribe Here! Email Address.

Supply Chain Manager – A “Green” Superhero

Logility

For example: Optimizing a distribution network not only reduces logistics costs but, in most cases, reduces carbon emissions through fewer transportation miles and/or less inventory holding costs. Source: Nielsen Product Insider, 10/20/2018.

Understanding Supply Chain Management

SupplyPike

Supply Chain Management (SCM) is a systematic and controlled procurement operation. These activities can involve storage and transport of inventory or supplies, monitoring of day-to-day activities, the preparation behind these processes, and blending these different components throughout the supply chain. SCM performance directly impacts an organization’s general performance. SupplyPike has created a suite of supply chain software solutions for all your SCM needs.

SCM 48

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

What is Supply Chain Management (SCM)? “Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible. Freight and Logistics Human Resources Inventory Management Procurement Reverse Logistics Supply Chain Management jobs LogisticsSubscribe Here! Email Address.

SCM 84

Software is Not Enough: SAP and Descartes Partner on TMS Connectivity

Talking Logistics

That is one of the most important, yet often overlooked, questions shippers should ask before implementing a Transportation Management System — specifically if they’re implementing a traditional, behind-the-firewall solution. These services will leverage the transportation information created by SAP TM and provide filing status updates to SAP TM for improved shipment visibility. Where to Find Supply Chain Innovation (Source: Adelante SCM).

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. Trucks, Ocean Freighters, Planes, Rail, and Vehicle transportation all consume energy in the provision of their services. Low cost sourcing is a predominant reason for this geographically dispersed network. Do they have a plan to get all of their energy needs from sustainable and renewable sources? are generated by transportation.

Seasoned Leadership in Action™! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. The team reduced finished-goods inventory by 50% and reduced the assembly and test line production variances by 50% in 9 months. SCM #SupplyChain #Business #Leadership #HumanResources.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor! Subscribe Here!

Making Supply Chains Fit for Function

Enterra Insights

The basics of supply chain management (SCM). ”[2] The staff at Advanced Transportation Systems (ATS) adds, “Supply chain management deals with the procedures encompassing sourcing components a company requires to develop its products or service to deliver the end product to customers. If you want to develop a robust SCM strategy, you have to look at the entire ecosystem. Cecere asserts that collaboration is a key to SCM success. Sourcing.

SCM 109

The Hidden Complexity in the Retail Supply Chain!

Supply Chain Game Changer

And data integrity and inventory accuracy is key. Transportation. Depending on your sources you could be shipping goods inbound from all over the world. Seamless inventory visibility is critical. Proper management of this is crucial to avoid lost sales or unsold inventory and large markdowns. Order management, product flow control, inventory management are core Supply Chain Responsibilities. Subscribe Here! Email Address.

Supply Chain Basics with Jason Miller

The Logistics of Logistics

The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service. The business world views Broad’s graduates and faculty as the voice of the SCM field. Sourcing.

Are These the 5 Biggest Fallacies in Supply Chain or is it Fake News?

Supply Chain Game Changer

It’s becoming more strategic, as companies integrate their Supply Chains and use them as a source of competitive advantage – instead of just a back-office function. The goal is to make the origin of goods more transparent, allowing companies to prove that goods haven’t come from workers under abuse or unsustainable sources. Fallacy 4: Improved forecasting will always lead to lower inventory levels. Subscribe Here! Email Address.

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

Co-location of supply chains will reduce disruptions, complications with transportations, government regulations, etc. When it is not in motion, it is classified as inventory. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory. A simple chart was used to depict inventory, with the size of the indicative of the amount of cash tied up in that inventory.

Four Steps to Better Demand Forecasting

Logility

Inventory Management: Low level of aggregation to support SKU level decisions. S&OP and Inventory Management reconciliation: S&OP plans roll down to inventory decisions – thus, a top-down forecast must disaggregate to a SKU level forecast.

Logistics Industry’s Slow Economic Comeback Continues in Spite of Challenges

Supply Chain Network

Authored by transportation consultant Rosalyn Wilson of Delcan, Inc., Inventory carrying costs increased 10.3 percent last year due to higher costs for taxes, obsolescence, depreciation, and insurance, which were offset by a further drop in the inventory carrying rate and warehousing costs. Transportation costs were up 10.3 Department of Transportation, Penske Logistics, Macy’s, Adelante SCM Corporation, BNSF Rail and Fortna, Inc.,

The Top 5 Impacts of Artificial Intelligence (AI) in Logistics!

Supply Chain Game Changer

By knowing what to expect, they can decrease the number of total vehicles needed for transport and direct them to the locations where the demand is expected, which leads to significantly lower operational costs. Robots are locating, tracking, and moving inventory inside warehouses, they are conveying and sorting oversized packages at ground distribution hubs. SCM #SupplyChain #technology #logistics #freight #AI #artificialintelligence. Subscribe Here! Email Address.

6 Supply Chain Disciplines to Enable Profitable Growth

Talking Logistics

Supply chain management spans many functions and processes, including demand planning, sourcing, merchandising, supplier relationship management, inventory management, inbound and outbound transportation, distribution management, and store operations. How much inventory do we have across our network? Source: Graphic from Adelante SCM/LEGACY SCS ebook based on data from “Retail Supply Chain Strategy: The Next Big Thing,” Retail Systems Research, May 2014.

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

Cerasis

Walmart would not have the ability to provide such low prices and have consistent inventory in the over 5,000 stores in the United States and over 1.3 Benefits from its supply chain efficiency result in time savings, more cost-effective inventory management and improved product forecasting, the article said. The retailer started dealing directly with manufacturers in the 1980s, giving suppliers the job of managing inventory in its warehouses, the Arkansas Business article said.

Peeling Back The Orange Juice Supply Chain! (Video)

Supply Chain Game Changer

If the Oranges are to be used for Orange juice they are transported by truck to Fruit processing facilities. This concentrate is then stored in refrigerated tanks and then transported to refrigerated trucks and refrigerated tankers for shipping around the world. There are actually dedicated, specially equipped ocean going tankers for the transportation of juices, made economical because of the process of concentration of the Orange juice. Source: [link] ).

7 Characteristics of A Best In Class Supply Chain

Cerasis

Supply chain service providers and supply chain managers (SCM) will be able to use data to identify inefficiencies, create proposed solutions, and implement such solutions. Furthermore, the use of such data can be applied to creating verifiable forecasts for needs in inventory. Inventory Optimization. Inventory optimization relies on accurate, precise forecasts for needed items.

A Few Thoughts about Supply Chain Management

Enterra Insights

Supply chain management (SCM) sounds like a straight-forward topic; nevertheless, numerous articles have been written on the subject explaining what it is and what it isn’t. Ask a person on the street what constitutes supply chain management and my guess is they would say SCM means ensuring the entire supply chain, from procurement of raw materials to product delivery, runs smoothly. ” Like most things in life, change has been a constant SCM characteristic.

SCM 100

Supply Chain Analytics- Towards Intelligent Manufacturing

ThroughPut

It also encompasses the complete supply value chain right from sourcing, manufacturing, distribution, and logistics. Regular stock-out issues causing fluctuating inventory levels or excess inventory. Sales, Inventory and Operations Planning-. Sourcing-.

Counting the Cost of Liquidity in the Euro Zone

Supply Chain @ MIT

The liquidity crisis in Europe has thrown a spotlight on the need to bridge the divide between finance and supply chain management (SCM). Reducing inventory is probably the most obvious strategy for liberating these financial resources, particularly for companies that maintain high stock levels. But addressing the problem requires a concerted effort to understand the financial implications of SCM decisions. SCM leaders are just as culpable.

SCM 60

Is Your Supply Chain Skating to Where the Puck Is Going to Be?

BlueYonder

The SCM World report, The Digital Transformation Directive , describes the new opportunity: “Digitisation is exploding the amount of data available to understand both customer demand and supply availability which means planning must evolve to sense more deeply, more quickly and more subtly than ever before. Or you could look into trans-shipping product across your DCs to balance inventory now that you know the storm will impact the lead times that your plan is built upon.