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Driving Sustainability in the Age of Supply Chain Disruption

Logistics Viewpoints

alternate sourcing strategies), while others are potentially negative (e.g. Combined with the heightened concerns regarding climate change and associated sustainability impacts, all businesses should consider and assess these changes using the lens of environmental sustainability.

2021 Trends in Supply Chain Sustainability

Vanguard Software

Supply chain sustainability is defined as embedding environmental, social, or corporate governance considerations as raw materials are sourced, converted into products, and delivered to the market. Supply chain sustainability benefits companies and consumers.

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Green Shipping 101: 9 Best Practices For Eco-Friendly Shipping

ShipBob

Additionally, it’s equally important to recognize the movement towards a more sustainable online retail experience, and it should be top of mind for all ecommerce brands. What is eco-friendly shipping? Global impact of shipping on the environment. Eco-friendly shipping FAQs.

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

3 Inventory Control Techniques to Improve and Maintain Inventory Accuracy

Unleashed

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned stock-outs, the shipping of wrong products to customers, wasted resources trying to locate misplaced items and inventory shrinkage.

Improving inventory management

EFT

What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. I believe that you're going to see sustained push to e-commerce. Inventory management, evolved.

Understanding the Key Factors Affecting Inventory Control for eCommerce Businesses

Unleashed

The nature of online businesses is significantly different in scale and operations to traditional retail outlets and as a result the scale of inventory stock can range from small home storage to vast, multiple warehouses facilities. Regardless of whether it’s a multichannel business, its size or nature of the business, it is essential to keep accurate records and track all the inventory stock items. Overselling inventory stock. Online inventory control systems.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Will interest rates continue to climb in 2016, and if so, what impact will it have on inventory levels? Sustainability : Will the climate change agreement reached at the COP21 meeting in Paris this past weekend change supply chains in 2016?

Your Supply Chain to Increase Efficiency and Sustainability

ThroughPut

Reassess Your Supply Chain to Increase Efficiency and Sustainability. Sustainability is a philosophy, not an endpoint. Companies should always be striving to become more efficient and less wasteful instead of assuming they’re already as sustainable as they want or need to be.

Your Supply Chain to Increase Efficiency and Sustainability

ThroughPut

Sustainability is a philosophy, not an endpoint. Companies should always be striving to become more efficient and less wasteful instead of assuming they’re already as sustainable as they want or need to be. Storage and shipping costs can quickly cut into profit margins.

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

GlobalTranz

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].

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Reassess Your Supply Chain to Increase Efficiency and Sustainability

ThroughPut

Sustainability is a philosophy, not an endpoint. Companies should always be striving to become more efficient and less wasteful instead of assuming they’re already as sustainable as they want or need to be. Everyone wins when supply chains become more sustainable, but doing so requires a conscientious effort. Sourcing and procurement departments exist to mitigate this issue, but input bottlenecks remain common.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Instead, it continues, to include the entire lifecycle of a product, from sourcing of raw materials, to the return and recycling of the product, and reintroduction of recycled materials into the manufacturing or production process. It’s time to start looking ahead again.

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Fast Fashion's Inventory Woes: 3 Ways Retailers Can Stay in Business

Elementum

However, this dynamic industry is now facing the same challenges as some traditional retailers —unsold inventory and profit losses. Inventory Woes. billion worth of unsold inventory. CEO Karl-Johan Persson stated that moving forward, the company will need to “ensure a faster, more flexible and more efficient supply chain” to address misalignment of inventory and demand.

Fast Fashion's Inventory Woes: 3 Ways Retailers Can Stay in Business

Elementum

However, this dynamic industry is now facing the same challenges as some traditional retailers —unsold inventory and profit losses. Inventory Woes. billion worth of unsold inventory. CEO Karl-Johan Persson stated that moving forward, the company will need to “ensure a faster, more flexible and more efficient supply chain” to address misalignment of inventory and demand.

Tanker rate boost from pipeline cyberattack could be fleeting

The Supply Chain Journal

Bad news — accidents, war, extreme weather — is generally good news for commodity shipping. A lengthy shutdown would force more gasoline and refined product imports from Europe and other sources, a plus for spot rates of medium-range (MR) product tankers.

What is Backordering in Materials Management?

EMERGE App

If the business uses a just-in-time inventory management strategy where they receive goods when on-demand, they’ll regularly have products backordered. Backordering in such a situation is crucial and essential to sustain the operations of the business.

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Is Hyperloop the Next Great Supply Chain Technology?

Kinaxis

The fact that the CEO of the company leading the Hyperloop charge is committed to it being a freight transportation technology first, is pretty telling in our eyes: obviously, if it can ship freight, the Hyperloop project might have tremendous implications for the Supply Chain field, which (in large part) focuses on the efficient movement of material goods. The possibility of shipping goods at near-hypersonic speeds would obviously allow Supply Chains to be nimbler and more responsive.

The Beer Supply Chain in 2021 and Beyond

Unleashed

This journey from the field to the fridge includes sourcing essential raw materials such as malt, hops, and yeast, along with the people, production activities, information, and resources involved in getting a beer into the hands of your customers.

Lot numbers explained – All you need to know about lot numbers

Unleashed

This is done with the help of barcodes, scanners, and inventory management software. Once you’ve shipped it, you’ll be able to track its journey from your manufacturing plant, to the warehouse, through to your customers. Lot numbers and inventory control.

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Your Supply Chain to Increase Efficiency and Sustainability

ThroughPut

Reassess Your Supply Chain to Increase Efficiency and Sustainability. Sustainability is a philosophy, not an endpoint. Companies should always be striving to become more efficient and less wasteful instead of assuming they’re already as sustainable as they want or need to be.

To be an Industry Leader, Bridge the Gap Between Strategy and Execution

Logility

S&OP integrates plans for every department , combining the needs and opportunities facing customer support, sales, marketing, development, manufacturing, sourcing, and financial into one tactical strategy.

Beer Marketing Strategies in a Global Pandemic and the Best 5 Tactics Heading into 2021

Unleashed

Your marketing strategy should focus on building brand equity because it plays a significant role in your brewery’s long-term sustainability. Marketing campaigns largely focussed on mate-ship and camaraderie. Offer discounts on online sales or free shipping.

Causal Forecasting Brings Precision to your Forecasting

Logility

This approach is not sustainable. You can be proactive and use c ausal f orecasting to leverage data you already own, model additional data sources that could help explain demand variability… or do nothing. . Phone * Company * Job Title * Zip Code * Source Asset Source Download ID.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

Globalization is now increasingly linked to labor costs in countries such as China, as well as fuel costs and regulatory shifts, which are in turn driving a dramatic impact on where companies source, where they produce, and the complexity of processes required to sell to the customer. Another major source of risk is the unreliability of global logistics channels, especially the challenges associated with ocean freight lines, which are becoming increasing unreliable.

A Disruptive Innovation in the Energy Supply Chain

MIT Supply Chain

What supply chain must meet rare periods of peak demand with no inventory, and operates in an environment where demand equals supply? Renewable energy sources are not viable as a major contributor to the grid because much of their output varies according to the availability of wind, sun, and tidal power. But even the long established grid powered by traditional energy sources is in desperate need of storage solutions, maintains Sadoway.

Ultimate Guide To Technologies That Are Transforming Supply Chains

The Logistics & Supply Chain Management Society

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Weighing and shipping technologies.

Justifying Investments in Risk Avoidance

MIT Supply Chain

Insurance companies face this issue when selling disruption insurance, or when trying to convince manufacturers to reduce both the likelihood and impact of business interruptions through measures such as increasing inventory levels and developing alternative suppliers. The strategy incurs higher costs in terms of capital expenditures, labor, and inventory, but the payoff is superior service. This supported an extremely lean build-to-order operation with minimal inventory.

Meeting the Demands of a Multichannel Pricing Strategy

Unleashed

This strategy is particularly effective for clearing the warehouse of surplus inventory stock and with the real-time functionality of an online inventory management system, the sales platform will update immediately when stock has sold out. For example, the more direct online channels incur variable costs due to picking, packing, shipping and returns processing activities. It’s one of the many great ways to get rid of surplus or slow-moving inventory stock.

A True Supply Chain Transformation Requires the Proper Talent

Logistics Viewpoints

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. Additionally, traditionally beauty consultants sold products and the company shipped products to the consultants.

Quick Start Guide to Using Machine Learning for Demand Planning

ToolsGroup

After you’ve established your project objectives, it’s time to build a solid baseline/foundation for a successful and sustainable initiative. This walk, then run approach begins with establishing an adaptive, probability-based model for demand forecasting using existing historical data, then layering in more sophisticated machine learning using external data sources. Data Variety The more different types of data sources you factor in (e.g. Increased inventory turns by 25%.

The Supply Chain Detective™ – The Case of the Missing Cash!

Supply Chain Game Changer

Even more importantly we had to restore positive, ongoing and sustainable long term cash flow to the organization. But these customers would require huge upfront out of pocket capital, inventory and resource investments to enable this business. Given that the Supply Chain team negotiates terms, conditions, and parameters with suppliers, and manages inventory, they are impacting cash flow in dramatic ways. Double Inventory Turnover In 9 months! Subscribe Here!

Warehousing 101: An Introduction to Digital Warehouse Automation

RFgen

Instead of million-dollar investments, start with digital automation basics: data collection, inventory control and WMS lite. Digital automation digitizes and automates manual processes, like inventory data collection. Healthier Inventory. Sustainable “Green” Practices.

How & Why You Should Choose Eco-Friendly Packaging for Ecommerce Orders

ShipBob

Luckily, sustainable, eco-friendly packaging is on the rise. In honor of Earth Day, it’s time to rethink packaging products and all of the shipping materials and boxes that are constantly discarded. The more your packaging weighs, the more it will cost you to ship heavy packages.

Exploring the Eight Layers of Matrix Retail

Supply Chain Network

Beyond this, the capability to over time follow and move with groups of consumers as they migrate to new social platforms will be key to sustainable relationships and success. Just a few of the key questions in the Sourcing & Deployment component of Matrix Retail. For example, Whole Foods and the concept of organic and healthy eating, or the new Canadian retail concept Terra20 focused on sustainable and environmentally friendly products, you get the idea.