The Go-To List of Ways to Improve Inventory Management

Cerasis

Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Supply chain leaders should follow these key strategies for.read More.

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e.,

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11 Inventory Management Best Practices

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Use ABC Analysis to Categorize Your Inventory. Guest Blog Post Inventory Managemen

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same.

Transportation Management

LeanCor

The Laws of Lean Transportation Management. There are all these things in life that we think “Oh, I cannot live without that,” and if it wasn’t for transportation management we most likely would not have anything we want or need on time. Transportation Management Cost Consideration.

Inventory Management

LeanCor

I propose three strategies that should get us closer to the goal, but require operational commitment of our supply chain and our company culture as a whole. Inventory Management Strategy. Transportation costs and capacity constraints must be considered.

5 Engagement Strategies in Managing a Relationship With a Transportation Management 3PL

Cerasis

This is our 9th post in our strategic transportation management and logistics series. When selecting a transportation mangement 3PL to aid you in a robust and effective transportation management strategy , defining the rules of engagement is critical to success. When you do engage and hire a 3PL for effective transportation management, it is vital that you look at this relationship as a partnership and not a commodity.

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Business Strategies to Recover After the Coronavirus

Vinculum

Is your organization facing a shortage of essential supplies and inventory prompted by panic buying and stocking up of consumers? The post Business Strategies to Recover After the Coronavirus appeared first on Vinculum Group.

What Your Inventory Reveals about Your Reverse Logistics

PLS Logistics

With the popularity of online shopping, the supply chain has become more multifaceted, increasing the importance of an organization’s reverse logistics strategy and inventory management practices. Logistics Transportation Supply Chain Inventory

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Smart inventory planning cranks up manufacturing efficiency.

Advantages and Pitfalls of Push and Pull Strategies in Distribution Networks

Kinaxis

The most common strategies for moving from upstream to downstream sites are push and pull strategies , or some mix of both. A pull strategy is when customer demand drives the entire production process. Let’s put the concepts of push and pull strategies into a real-world example.

Protect Your Bottom Line With a Smart Supply Chain Design Strategy

Talking Logistics

Here is how these companies are using transportation optimization, inventory optimization and demand modeling as part of their supply chain design strategy to tackle the price factor head-on. Use Transportation Optimization to Get a Handle on Transportation Costs.

The 9 Key Considerations of an Effective Last Mile Logistics Strategy

Cerasis

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. Any effective strategy must begin with effective planning. Leverage the Right Technology as Part of Your Strategy.

E-Commerce Shipping Strategy Challenges to Consider for Perfect Implementation

Cerasis

The path to perfect implementation of a new e-commerce shipping strategy is not always clear, and it comes with several challenges that can undermine the efficacy and cost-effectiveness of e-commerce.

When is Inventory Too “Lean”? Finding the Right Balance

ToolsGroup

But we have also seen companies misinterpret the lean message when it comes to inventory. It's good to trim bloated inventory and free up working capital. But inventory optimization can actually contribute to a lean environment.

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The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

We first did an overview of the 10 areas of strategy a shipper must know in order to stay competitive. Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. The essence of strategy is choosing what not to do. ” ― Michael E. However beautiful the strategy, you should occasionally look at the results." ― Winston Churchill. Sound strategy starts with having the right goal." ― Michael Porter.

A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!

Supply Chain Game Changer

A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. One approach is to develop and deploy Don’t Touch Supply Chain strategies!

Why Companies Need a Supplier Relationship Management Strategy

Cerasis

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle.

Utilizing a 3PL to Apply Transportation Management Best Practices For E-Commerce

Cerasis

Transportation Management Challenges in E-Commerce Although e-commerce represents an excellent opportunity for shippers, it results in the creation of additional challenges in managing freight spend and moving products. Benchmark existing freight spend and use of transportation modes.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

Not surprisingly, each challenge requires its own focus, strategy and best practices to overcome. What is vendor-managed inventory? VMI is the process whereby a supplier or vendor manages and replenishes inventory at a customer’s location at the levels required by the customer.

5 Ways an Omnichannel Supply Chain Strategy Can Improve Customer Experience

Cerasis

The importance of an omnichannel supply chain strategy cannot be overstated. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service? This is the core of an effective omnichannel supply chain strategy; variety and options define customer experiences.

How Does Transportation Affect Logistics?

Abivin

Transportation is an inseparable component of logistics. While the sights of trucks and trains carrying products of a company or parked at a business facility are common, few people understand how much the economy depends on economic and reliable transport. What is transportation?

10 Inventory Management Strategies to Transform Your Business

My Office Apps

10 Inventory Management Strategies to Transform Your Business. As balance sheet assets go, inventory is often the largest item. Getting inventory levels right is a challenge. Managers face the challenge of implementing effective inventory management strategies.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

Is Inventory Optimization a Key to Omnichannel Survival?

ToolsGroup

Industry analysts have pointed out an obvious fit with inventory optimization. If retailers optimize their inventory—dynamically aligning their supply chains to changing customer preferences and behavior—they can position inventory to satisfy demand at the lowest possible cost.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

Editor’s Note: Cerasis is a 3PL focused on transportation management. So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. We never ran out of or had too much inventory.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

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Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end.

Three New Ways Retailers Can Improve Inventory Performance

ToolsGroup

The ability to serve this demand is foundational to the success or failure of a retailer, but the challenge doesn’t hinge on the strategy leadership sets. Here are three things that retailers can do to align strategy and execution. Editor's Note: There will be no blog post next week.

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Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. And, what are some of the key factors retailers need to consider when developing their transportation plans?

Transportation Cost Drains

The Logistics of Logistics

Transportation expense can cost 5%-10% of gross revenue and will be going up if not managed effectively.” Transportation cost drains drive up costs. Many companies are experiencing dramatic increases in transportation expense that have turned into cash and quality drains for their organization. Savvy financial managers know transportation cost can cost 5%-10% of gross revenue and will be going up if not managed effectively.

Reduce Your Inventory Costs With These Strategies

Unleashed

In any business model, cutting unnecessary costs wherever possible is always a good strategy to improve company profitability. One area in which business managers may like to remove unnecessary costs is inventory. What are inventory costs?

Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. The first step to controlling inventory flow effectively is liquidation of all non-essential products, explains Paul Trujillo of Business2Community. This will help to prevent the reordering of slow-moving products and ensure optimum inventory levels.

Top 5 Ways Inventory Tracking Technology Is Evolving

Cerasis

In fact, a recent survey of economic experts, reports Jeff Wacker of Retail TouchPoints, found up to 59 percent of retailers are making plans to invest in technology, which includes inventory tracking technology. Inventory Tracking Technology Leverages Internal and External Real-Time Data.