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

ToolsGroup

You can’t scan the headlines without coming across an article or advertisement about sustainability, but there is precious little information about how supply chain planning software supports green initiatives. 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. Here are just a few of the sustainability benefits.

Transport Management System: Making your Logistics Supply Chain Successful

20Cube Logistics

TMS (Transport Management System) is one such automation that is helping manage and automate the operations by providing visibility into the transportation activities. Better inventory management : Manage orders and shipments in real-time.

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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, like inventory, is necessary activity within logistics. Fast, efficient transportation explains a great deal about why cities develop where they do. Transportation Management Cost Consideration.

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 with today’s volatile demand (especially in omni-channel environments), a delivery model that doesn’t have an inventory buffer can turn out to be “just not in time.”. And we especially don’t want an environment where a shift in demand or a contraction in the business cycle leads to eating huge inventory losses.

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Supply Chain Sustainability and Business Success

Enterra Insights

Some people view sustainability efforts as tree hugging idealism and some business executives perceive sustainability efforts as wastes of money. ” Christopher Martin ( @cleantechchris ) and Millicent Dent report all types of companies are profiting from pursuing sustainability. ”[2] They add, “It’s time to stop crediting corporate sustainability efforts as acts of altruism. ” The supply chain needs to be more sustainable.

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.

3 Uses of IoT Tech Spurring Sustainability in Supply Chains

Cerasis

IoT Tech is Driving Sustainability in the Supply Chain. But perhaps the most far-reaching changes will center around the use of large data systems to drive sustainability in logistics and supply chains. The transportation of goods is one of the greatest contributors to worldwide greenhouse gas emissions. Cities throughout the world have begun to implement IoT tech systems in order to run civic infrastructure components more sustainably as well.

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

Cerasis

In the age of e-commerce, maintaining the status quo will result in failure, disgruntled customers and added expenses, but shippers that leverage 3PL resources to apply transportation management best practices for e-commerce , as listed below, can navigate the issues that arise in e-commerce and achieve sustained profitability. As a result, shippers must understand the transportation management challenges in e-commerce. Keep customers informed of available inventory.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Once implemented, Lean has to be sustained.

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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.

Profitable Sustainability Solutions for Supply Chains

Llamasoft

Many companies rightfully tout their sustainability initiatives, but supply chains continue to produce a significant amount of the globe's carbon emissions. Sustainable supply chain techniques within production, packaging, inventory, and transportation can have improvements that will positively impact sustainability initiatives and bottom Read More >>. The post Profitable Sustainability Solutions for Supply Chains appeared first on LLamasoft.

5 supply chain management tips for retail for sustained profitability

6 River Systems

These are the two factors that are essential for the long-term sustainability of any retail business, and achieving them requires implementing smart supply chain management tips and strategies. Here are five supply chain management tips for the retail industry to bring in sustainable profits.

4 Benefits Shippers Realize when Transportation EDI is Utilized in a TMS

Cerasis

As a shipper in today’s growing market, there are many advantages to shifting to the use of transportation EDI with your transportation providers or 3PLs. If you are unfamiliar with the concept of EDI, read our first post in this series on what is EDI in transportation and how it works , but as a quick recap, essentially, EDI takes human interaction out of the equation completely, and lets technology take over.

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). To maintain your role in the global market, you need to understand how 3PLs contribute to an improve transportation networks. Greater Supply Chain Savings Thanks to Transportation Management. Why Do Supply Chains Need Transportation Management?

Preventing 3 Common Inventory Control Issues

Unleashed

For large corporations or SMEs, correctly managing your inventory stock is imperative to achieving an efficient, sustainable and profitable business. Inventory control , however, brings with it many issues but with the right tools, some of the common ones are easily managed. Problems include product stockouts that result in lost sales opportunities and unhappy customers and product spoilage or dead inventory stock which will incur unnecessary costs and tie up storage space.

Why Reverse Logistics Systems and Transportation Management Should Be Considered Together

Cerasis

Companies that integrate reverse logistics systems into their logistics systems distinguish themselves from competitors in: effective management of inventory availability and cost. In the interest of both, businesses are increasingly tying reverse logistical operations to transportation management as a natural fit. Many companies now outsource transportation, accounting, logistics technology, accounting, and other systems management.

Supply Chain Alone Can’t Solve Sustainability But it Has a Part to Play!

Supply Chain Game Changer

Around the world, people are demanding more from their governments, business communities, and their fellow consumers to help create a more sustainable future. Supply Chain activity – all the sourcing, transportation and storage that companies rely on to bring products to market – accounts for a significant portion of the world’s greenhouse gas emissions, as well as waste. In short, current trends aren’t sustainable with projected population growth. Subscribe Here!

[e-Book] How To Shift From Tactical To Strategic Logistics and Transportation Management To Create A Competitive Advantage

Cerasis

We release our second e-book today by focusing on strategic logistics and transportation management creates a competitive business advantage for shippers. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. This is especially relevant for third-party logistics and transportation management service providers, whose service fee is based on reducing cost and streamlining the shipper’s supply chain.

5 Benefits from Logistics Sustainability & Effieciency

Cerasis

As a recap, we have covered the following in this series: 10 Ways Effective Transportation Management Drives Competitive Advantage. Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency. Why A Successful Transportation Management Program Is Empowered By Data. How Effective Logistics and Transportation Management Leads to Scalability in Business Operations. This is the great conundrum of the transportation industry.

What’s the ROI Of Transport and Logistics Providers & A TMS?

Cerasis

Much talk about sales, automation and improved processes dominate the conversation when considering outsourcing logistics processes to a transport and logistics providers or using a 3PL-based transportation management system (TMS). Often, the transport and logistics providers' reps claim initial returns may be as high as 25 percent, if not greater. There are many benefits that accompany the use of transport and logistics providers and their TMS systems.

Idahoan’s Journey to Achieving Sustained Transportation Savings

Talking Logistics

In their quest to achieve sustained transportation savings , many companies are leveraging both technology and managed services from third-party logistics partners. The company, a leading manufacturer of dehydrated potato food products, is working with TranzAct and using its Constellation transportation management system (TMS) and managed services to meet its transportation goals and requirements.

ScottsMiracle-Gro Improves Distribution System in Sustainability and Customer Service

Supply Chain Network

This effort reinforces our belief that we can simultaneously grow our business in a way that supports our commitment to becoming a more sustainable company,” Swihart stated. By consolidating the shipment of bagged fertilizer and growing media goods into regional on-site warehouses, the Company has been able to: • Maximize truckload space, reducing overall delivered mileage and transportation costs. Improve inventory turns at retail by reducing fertilizer order minimums.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

more near-shoring and larger, less frequent shipments to minimize transportation costs). 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?

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.

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Idahoan’s Journey to Achieving Sustained Transportation Savings [Episode]

Talking Logistics

Cameron Kelsey, Transportation & Inventory Manager at Idahoan and Mike Regan, Co-Founder and Chief of Relationship Development at TranzAct discuss the following questions and more in this timely and informative episode: Cameron, what were some of the transportation challenges or goals you wanted to achieve? Cameron, what were some of the key features or capabilities you were looking for in a transportation management solution (TMS)?

Navigating inventory through the eye of the COVID storm

EFT

This might be diversifying locations for holding stock, production facilities or modes of transport, or all of the above, as COVID-19 has shown that there are significant costs and complications to suddenly being over-reliant on any one link in the supply chain.

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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. How you manage the transformation and transportation of assets in that supply chain ultimately determines the value you create for the world.

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. How you manage the transformation and transportation of assets in that supply chain ultimately determines the value you create for the world. Everyone wins when supply chains become more sustainable, but doing so requires a conscientious effort.

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. How you manage the transformation and transportation of assets in that supply chain ultimately determines the value you create for the world. Everyone wins when supply chains become more sustainable, but doing so requires a conscientious effort.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. Visibility is the centrepiece … not only in terms of where my inventory is, in which channel, and where to move it, but also in consumer demand, and how can I be ahead of that game and forecast the demand?”

Is it REALLY organic? Sustainable farm to fork supply chain.

Logichain Solutions

Organic food companies need to go beyond just the product; they also need to ensure that the entire farm to fork supply chain is sustainable. In most cases, it is advisable to implement a sustainable supply chain in a phased approach and to team up with outside partners such as NGOs, trade associations, 3PLs, and long-term investors for parts of the supply chain. Here are some key factors organic food companies need to consider to ensure a sustainable supply chain: Sourcing.

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Is it REALLY organic? Sustainable farm to fork supply chain.

Logichain Solutions

Organic food companies need to go beyond just the product; they also need to ensure that the entire farm to fork supply chain is sustainable. In most cases, it is advisable to implement a sustainable supply chain in a phased approach and to team up with outside partners such as NGOs, trade associations, 3PLs, and long-term investors for parts of the supply chain. This is generally also the area where the food industry has focused its sustainability efforts so far.

Food 40

Is it REALLY organic? Sustainable farm to fork supply chain.

Logichain Solutions

Organic food companies need to go beyond just the product; they also need to ensure that the entire farm to fork supply chain is sustainable. In most cases, it is advisable to implement a sustainable supply chain in a phased approach and to team up with outside partners such as NGOs, trade associations, 3PLs, and long-term investors for parts of the supply chain. This is generally also the area where the food industry has focused its sustainability efforts so far.

Food 40

Is it REALLY organic? Sustainable farm to fork supply chain.

Logichain Solutions

Organic food companies need to go beyond just the product; they also need to ensure that the entire farm to fork supply chain is sustainable. In most cases, it is advisable to implement a sustainable supply chain in a phased approach and to team up with outside partners such as NGOs, trade associations, 3PLs, and long-term investors for parts of the supply chain. This is generally also the area where the food industry has focused its sustainability efforts so far.

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Six Sigma Tools and Inventory Management

EMERGE App

At first glance, there may not be much synergy between Six Sigma and inventory management. Next, we’ll explore whether it is still relevant today and what it means for inventory management. Finally, we’ll finish by exploring Six Sigma methodologies and tools used in modern Lean Six Sigma and Lean Inventory Management. Inventory management plays two critical roles in Lean Six Sigma. For finished goods, excess and obsolete inventory are major business issues.