This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Needs for efficient reverselogistics systems continue to increase as e-commerce claims greater market share, and as so many traditionally functioning businesses grow and inevitably incur increasing volume of returns. This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals.
E-commerce is growing faster than ever, and more consumers are leveraging online platforms in making purchasing decisions. In fact, two-thirds of consumer shopping journeys include internet research, reports McKinsey & Company , as well as word-of-mouth recommendations and past experiences.
While this new landscape means easier and faster product ordering for consumers, it puts traditional supply chains under unprecedented pressure to adapt their direct-to-consumer fulfillment, inventory management, and procurement strategies. However, many organizations struggle to balance efficiency with cost.
The topic/report will be on the logistics M&A so far this year. The report will be available free for paid Substack subscribers but I’ll provide a summary and a link to the report in case you’re interested in either purchasing it separately or paying for an anuual subscribtion to my Substack articles.
Reports 2014 Second-quarter Results. New Breed specializes in services for omni-channel distribution, reverselogistics, transportation management, freight bill audit and payment, lean manufacturing support, aftermarket support and supply chain optimization. . Dun & Bradstreet Launches Supplier Risk Manager™ 2.0.
Reported April 24 Over 60% of our business is from products that are manufactured, bagged, assembled or grown in the United States and only 12% of our business is direct imports. Recall, we purchased targeted additional inventory in late fiscal '25 and early fiscal '26, ahead of tariffs. Christopher J. from China.
With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.
Much like the most successful business philosophies (lean, six sigma, Total Quality Management (TQM)) a handful of individuals acting alone won’t—and can’t—affect company-wide changes for the better—it takes an organizational shift. It’s a holistic approach and one that needs to be adopted supply chain wide.
A recent report by Frost & Sullivan, “The Future of Parts and Service Retailing in the Automotive Aftermarket” , predicts that by 2025, 10 to 15 percent of all global parts sales will be made online. Advanced Analytics Continue to Get a Bigger Plate at the Manufacturing Dinner Table. Increasing Equipment Uptime.
A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! There are fewer suppliers which means fewer negotiations, contracts, purchase orders and changes. Eliminating all unnecessary touches and hand-offs enables Costco to run a very lean and efficient Supply Chain. Subscribe Here! Email Address.
Our first belief is that the future Supply Chain must be based on a “Don’t Touch” philosophy, which we discussed in our article A Don’t Touch Strategy Will Dramatically Lean Out Your Supply Chain! This is completely consistent with a Lean approach which underscores the need to eliminate waste.
These are the 10 most crucial metrics for SMEs – so you can get started on reducing inefficiencies and cutting costs. Using inventory performance metrics can lead to: Happier customers – who get what they want, when they want it, at the price they’re willing to pay. Explore our live inventory calculators and formulas page.
Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. Why is this relevant?
And the reality is that Supply Chain must be cost-effective. Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Lean for instance is equally applicable in Supply Chain as it is in Manufacturing or anywhere else.
We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Best Practices like Logistics KPI Dashboard , Inventory Optimization Tool , Excess and Obsolete Inventory Guide , etc. They are crucial for navigating the multifaceted challenges of the logistics industry.
Inventory Availability and Cost: Striking a Balance It’s rarely a good idea to think too lean in ecommerce inventory management. The ecommerce logistics practitioner must instead integrate reverselogistics into his or her company’s inventory management strategies and processes. Book a free consultation.
It allows consumers to purchase via whichever channel works best for them. Because you’re marketing/selling across multiple platforms, it means your customers have the convenience of purchasing where they feel most comfortable. The path to purchase can be a messy one, with many decisions to make along the way.
It was valued at $390 billion, according to a report. There are benefits of investing in an ERP system that controls the reverselogistics, monitors and reduces the risk of defects, and improves customer service. Manufacturers will need to offer this channel to allow customers to make purchases online and then pick them up.
Further, the internet and e-commerce have revolutionized global trade, making purchasing, selling, and acting as a third-party reseller more natural, as reported by Trucking Info. This is essential to lean supply chain strategies, especially for companies leveraging just-in-time inventory management strategies.
For customers, it can mean the time it takes to receive an order after they have purchased it. For product sellers, it can refer to how long it takes to receive raw materials or bulk products after placing a purchase order with a supplier. There are many definitions for lead time in supply chain management.
Consumers have not necessarily put the brakes on buying stuff, and it's just that some consumers are being more mindful of what to purchase thanks to inflation. Croc's latest quarter, ending June 30, reported record revenue, up 51% year-over-year and gross profit up 26% year-over-year. I wear a number of hats these days.
Least attention is paid to this category for the purpose of stock control and planning and procurement decisions for such items may be automated. Acknowledgement: In purchasing, acknowledgement is the term used to describe a suppliers confirmation that the buyers purchase order has been received, and hence, that the order is accepted.
Some of the ways in which efficient logistics management directly impacts businesses include: Improved customer service: 73% of customers say that delivery is a critical factor in their purchase decision and 66% of logistics providers and retailers plan to offer same-day delivery by 2023, up from 51% in 2020.
After many years of favour for lean supply chains and just-in-time logistics, too many companies found themselves caught out when the pandemic struck. COVID-19 exposed the risks of lean supply chain management, with businesses rudely awakened to the brittleness of their networks, and some failing to recover after the disruption.
According to the Association of American Railroads (AAR), the estimated cost of a nationwide freight railroad shutdown is more than $2 billion a day. This figure also includes the shipment of e-commerce purchases and other small parcel shipments. This will add additional costs to UPS’ bottom line should that happen.
Meanwhile, FedEx reported that overall revenue for the quarter ending February 29 declined 2.3% “Amazon Business supports integrations with Coupa and over 100 other procurement, payments, and ERP systems. billion, while operating income increased 19.2% Net income for the quarter increased 15.1% I wear a number of hats these days.
AI introduces dynamic routing that adapts to real-world constraints, paving the way for faster and more cost-effective delivery paths, ensuring new benchmarks for on-time delivery. Walmart implements predictiveanalytics that adapt to real-time changes in demand. But it doesn’t stop there.
Second is the broader strategic importance: As the macroeconomic environment tightens, and tariffs start to bite harder, it will be crucial to both lower operating costs and also protect against increased volatility. Inventory is capital sitting on the floor. Featured Product Popular Stories Watch: Why Choose FTZs to Mitigate Tariffs?
This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logisticscost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit.
But here’s the kicker for retailers: amidst all this chaos, they’ve got to keep their delivery costslean without compromising on giving customers a smooth and enjoyable experience. Read Also: The History, Evolution and Future of ReverseLogistics 2.
For far too long Supply Chain has been considered a back office, transactional functions placing purchasing orders and moving and receiving goods. Taking Total Cost of Ownership Seriously. As such we have had decades of philosophy associated with lean inventory management, just in time delivery, and inventory minimization.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content