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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.

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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.

4 Challenges in Starting and Sustaining a SIOP Business Process

Supply Chain Game Changer

A Sales, Inventory and Operations Planning (SIOP) business process is an essential element for running a successful business. SIOP will allow you to improve your forecasting, capacity and resource planning, cash flow, and inventory levels. If the benefits are so clear why is it so difficult to get SIOP going and then to sustain it? And once it is started the forces that make it difficult to start can continue to make it challenging to sustain it. Subscribe Here!

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. Assess Supply Chains in Real-Time Everyone wins when supply chains become more sustainable, but doing so requires a conscientious effort.

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.

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.

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.

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. Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory. International shipping is complicated, and documentation requirements hard to understand.

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.

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.

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.

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.

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. Assess Supply Chains in Real-Time Everyone wins when supply chains become more sustainable, but doing so requires a conscientious effort.

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.

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%.

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.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Successful collaboration will result in several benefits – reductions in lead times, improved in-stock fill rates, improved forecast accuracy, and increased inventory turnover.

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!

A Disruptive Innovation in the Energy Supply Chain

Supply Chain @ MIT

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.

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.

7 Characteristics of A Best In Class Supply Chain

Cerasis

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. However, it also requires an extensive evaluation and rapid identification of sudden changes in the market, which will impact manufacturing, shipping, and all other aspects of the supply chain process. Sustainability.

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 Not only has Walmart excelled over the decades in traditional supply chain management but with recent news as of late, Walmart is also focused on continuous improvement by investing more into emerging technologies to capture more of the e-commerce market as well as a focus on sustainability.

Justifying Investments in Risk Avoidance

Supply Chain @ MIT

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.

How Gen Z's Consumer Expectations Drive New Supply Chain Trends

AFFLINK

They also expect more of their retailers, in terms of sustainability and ethical production. Gen Z has grown up with two-day and same-day shipping. This has driven many companies to engage in last mile shipping services: rather than shipping to stores, more companies are having to ship directly to consumers. Many companies have started using resources such as Amazon FBA (Fulfillment-by-Amazon) as a way to offload these last mile shipping needs.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Current Initiatives such as Coca Cola’s “World Without Waste” and Unilever’s “Sustainable Living Plans” are first steps toward a circular economy. To improve your capability to manage demand shifts and customer expectations it is mandatory to have dual sourcing.

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. Green, eco-friendly packaging is here to stay, and businesses must be quick to catch up with new sustainable solutions. Sustainability has never been a more important issue, so it’s time to start breaking down the jargon. Are you shipping internationally ?

The Next Great Disruption Coming to Supply Chains

Kinaxis

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. Sure, we’re concerned, and in some cases stocking more inventory at local distribution centers. Then, they go to the retail store, scan the barcode to check inventory, price, and promotions in their 10 mile radius. Then, they check online for deals and shipping dates.

Profit Is Stalling? Take A Look At Your Supply Chain!

Abivin

Without sufficient capital or financial resources to sustain and run, business failure is imminent. Image Source Normally, low customer satisfaction comes from ineffective problem-solving and poor response. Especially for the shipping industry or FMCG companies, with the enormous amount of customer’s database information, the inefficient data tracking system might cause lost information, miscommunication. Image Source 3.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more. Source ID. It will allow for the automation of more complex warehousing tasks, such as unloading shipping containers and picking packets or individual e-commerce orders. Source ID. Sustainability. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

What Is Supply Chain ERP?

IQMS

A Supply Chain ERP system orchestrates and optimizes forecasting, pricing, procurement, sourcing, and inbound product quality levels across the many supplier relationships manufacturers have, providing real-time accounting and financial reporting of each transaction. For the first time, manufacturers can see the impact of the supply chain, sourcing, production, and quality management decisions on the financial performance of their businesses.

Asia 49

Ecommerce Venture Capital Trends: Which VCs & Seed Investors are Investing in Ecommerce?

ShipBob

VC spending is rising, but they want sustainable growth now. Ecommerce VCs are becoming increasingly wary of investing in companies that burn through cash so fast and can’t build a profitable and sustainable business model. Product sourcing. Sustainable growth.

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

Retail Blockchain – Applications of blockchain technology in the retail supply chain go back to the sourcing of a product, validity, sustainable practices during manufacturing, movement through international trade, returns management, and recycling or reclamation of raw materials. Since the chain is incorruptible, Facility Managers can verify results against historic records and denote improvements made that result in sustainable manufacturing processes.