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16 Cost Reduction Strategies in Inventory Management

Unleashed

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.?

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10 Latest Digital Marketing Strategies for Construction Material Suppliers

IT Supply Chain

The post 10 Latest Digital Marketing Strategies for Construction Material Suppliers appeared first on IT Supply Chain. By John Hampton (pictured). Content Writer. Industry Talk

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Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions.

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Direct Material Woes: Seven Steps to Take to Improve Value

Supply Chain Shaman

As fall becomes winter, supply chain leaders are planning their budgets and building strategies for 2017. With this in mind, in this blog, I make an argument that we, as supply chain leaders, have screwed up direct material procurement. Direct procurement ties directly to manufacturing conversion processes through a bill of material while indirect procurement is not an input to the manufacturing processes. This is not the case with the purchase of direct materials.

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Digital Transformation: Why You Can’t Afford to Wait

This playbook offers manufacturers a realistic and viable guide to balancing immediate needs with future-focused strategy.

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How to Optimize Material Handling!

Supply Chain Game Changer

However, part of this is to manage and optimize material handling. Material handling can affect the company’s operation, from forecasting, production, and after-sales to support. In this article, we’ll outline tips for optimizing material handling throughout the supply chain.

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The Bill of Materials (BOM) Beginners Guide!

Supply Chain Game Changer

If you’re an eCommerce seller or manufacturer, you need to know BOMs (bill of materials). How do you create a bill of materials? What Is A Bill Of Materials? A bill of materials lists the materials and processes required to create a product. Other materials.

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Expanding Supply Chain Knowledge With Materials Data in 2023

Supply Chain Brain

The overwhelming priority for executives in 2023 was to reduce supply risk for materials. So how do they get there

Data 99
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20 Cash Flow Management Strategies For Your Business

Unleashed

In these tricky times, smart cash flow management strategies are essential to bring down costs (or push profits) in controllable areas, offsetting international instability. This is achieved through the implementation and continued improvement of cash flow management strategies.

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The Recycling Benefits of Mono-Material Flexible Packaging!

Supply Chain Game Changer

Mono-material can be described as a product only made from one resin type. Packaging using this option is rapidly gaining popularity when compared to multi-material packaging. Material is aesthetically pleasing. Reduction is resources and energy consumption during manufacturing.

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How Data Analytics Can Solve the Challenges Faced by SC Leaders in Discrete Manufacturing

Bringing data-driven intelligence to supply chain increases revenue, reduces costs, and improves the overall performance of any business, especially manufacturing companies where supply chain is the bloodline of their business. Read more!

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Steel: The Perfect Material for a Circular Economy, but with a Huge Decarbonization Challenge

DELMIA Quintiq

Steel is a very versatile material as its composition and internal structure can be adjusted to tailor its properties. There is another important aspect of this material: recyclability. Steel is one of the most recycled material in the world.

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The Circular Supply Chain Explained + 13 Realistic Strategies

Unleashed

With material costs rising and the drive towards sustainable practices in full swing, the circular supply chain has become an attractive way for manufacturers and sellers to manage their supply chains in a more environmentally friendly way – and save costs in the long term.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Raw Material Shortages Are Affecting a Challenged Supply Chain. How the War in Ukraine is Impacting the Supply Chain and Raw Material Prices. Learn more on how to overcome today’s supply chain challenges by securing the free guide, 8 Winning Strategies to Combat Supply Shortages.

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Transforming the Construction Materials Supply Chain

Talking Logistics

What Makes the Construction Materials Supply Chain Unique? While we are all familiar with the homes we live in and the roads we drive on, we probably don’t think much about the materials they are made of and how they get to (and are used at) construction sites. Therefore, I began our discussion by asking Steve to tell us about the construction materials supply chain and how it is similar to or different from other supply chains.

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Maximizing Supply Chain Strategy: A 10-Step Guide

RFgen

Strategy is a critical aspect of supply chain management. By managing processes like planning, sourcing, production, and delivery, companies can reduce costs, safeguard against undue risk, and pivot quickly when faced with the unexpected.

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11 Effective Product Life Cycle Extension Strategies

Unleashed

That said, there are a few life cycle extension strategies that, when implemented, can help bring new life and demand to an old product. That may mean an increase in advertising, price reductions, packaging redesign, or expansion into new markets.

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The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

Certainly we should all reduce, reuse and recycle and it applies everywhere! As such we have the direct or indirect ability to take actions which can promote environmental sustainability, reduce carbon footprint impacts, and drive the creation of the Green Supply Chain. All of these elements of the Supply Chain will drive the consumption of energy, natural resources, raw materials and the creation of waste. Supply Chain Carbon Footprint Reduction. Reduce energy usage.

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Transportation Network Modeling: A Powerful Tool in Greenhouse Gas Emissions Reduction Strategy

Talking Logistics

The USA says it intends to reduce emissions by 26-28 percent below its 2005 level by 2025 , trying hard for the upper limit. Outside of the Paris Agreement, the European Union (EU) has a goal of reducing greenhouse gas emissions from transport by around 60 percent below 1990 levels by 2050. Cost reductions sometimes go hand-in-hand with GHG reductions, but some measures could increase transport costs.

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Requis Visibility Software Optimizes Materials Management

Requis

With a click of a button, operators can map, share and access their peers’ material and equipment inventory globally in a central and collaborative “digital warehouse.” The post Requis Visibility Software Optimizes Materials Management appeared first on Requis.

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What is Material Requirements Planning (And do you need it)?

Unleashed

Material Requirements Planning software can be a good solution for modern manufacturers. Material Requirements Planning is a software-based practice for manufacturers that helps them juggle the different elements of the manufacturing process in order to improve efficiency and reduce costs.

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AI-powered Demand Planning for Building Materials and Cement Industry: How To Balance Supply & Demand

ThroughPut

Dating back to 5600 BC, cement has become an indispensable building material, with its consumption only second to that of water. Since cement is a key construction material, this proposal is going to create widespread demand for cement.

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Digital Transformation in the Heavy Building Materials Industry

Talking Logistics

Virtually all industries today are undergoing digital transformation, but the opportunities for cost savings, as well as productivity and service improvements, are arguably greatest in the Heavy Building Materials (HBM) industry because of all of their current manual and paper-based processes. The heavy building materials (HBM) industry is a lot different, and has different challenges, than traditional manufacturing or retail.

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Materials Management Information Systems Improve Business Operations

Hybrent

Materials management information systems help improve business operations. The potential to improve efficiency and eliminating the disruption of product availability is explored with materials management information systems. PurchasingProcurement Processes Materials Management Supply Chain solution savings purchase services MMIS Hybrent Tracking Orders Efficiency Automation supply chain software

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Cost Reduction in Supply Chains by Opportunity and by Design

Logistics Bureau

When customers step up pressure on prices and when economic growth flattens or dips, a supply manager’s mind turns to cost reduction. Or rather, it turns even more to cost reduction, as squeezing out savings that then show up directly on the bottom line is a goal that never goes away. Some of the dollars to be recovered may come from immediate actions, such as reducing inventory. Low-Hanging Fruit as the First Savings. Multiplying discounts.

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Forestry Materials Concern Optimises Inventory, Improving Service Levels and Recovering Capital

CHAINalytics

Visibility into the supply chain was the chief priority … The post Forestry Materials Concern Optimises Inventory, Improving Service Levels and Recovering Capital appeared first on Chainalytics.

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What is Sourcing? Definition, Strategy, & Difference Between Procurement and Sourcing

ShipBob

Looking for new ingredients, materials, or products for your business? Before you leap into the sourcing process, it’s important to have a strategy in place. Strategic sourcing is a unique purchasing method that aligns your sourcing strategy with your business goals.

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Material Handling and Fleet Management: Uncovering Opportunities for Cost Savings and Other Business Benefits

Talking Logistics

One area that many companies overlook for potential benefits is material handling and fleet management. That’s one of the key questions I addressed with Jeff Burns, President of Kenco Material Handling Solutions , in a recent episode of Talking Logistics. That includes all material handling equipment within a warehouse, distribution center or manufacturing site, such as forklifts, personnel carriers, yard spotters, sweepers, and booms. Material Handling Challenges.

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The role of a Bill of Materials in optimizing your inventory management

SYSPRO Smarter ERP

However, effectively dealing with these challenges and optimizing a manufacturing business’ processes is challenging without adopting and implementing a Bill of Materials (BOM) to accompany an organization’s ERP system. What is a Bill of Materials?

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Reducing the Impact of High Fuel Costs Goes Beyond the Transportation Department

Logistics Viewpoints

This practice is typically owned by the sales and/or marketing organization, which is why it is so important for transportation and logistics departments to have input into customer service strategies. These strategies, however, need sales and marketing consent to implement.

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There is No Planet B: Can Supply Chains Save the World?

Logistics Viewpoints

Oracle’s recent global survey, No Planet B: How Can Businesses and Technology Help Save the World? Reduce waste and lower your costs by monitoring the condition of goods in transit to reduce spoilage. The post There is No Planet B: Can Supply Chains Save the World?

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Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. I asked the group to think of demand-driven concepts as the enabler of customer-centric strategies. An example is the understanding of the shopper across the moments of truth in omnichannel strategies. It was an early morning.

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So what is materials management? Here’s a guide to the basics

Unleashed

Chances are, especially in this strange new economy, life is going to get fairly complicated as you need to adjust the supply of materials to meet changing demand , as well as account for all the other little details that come along with purchasing and utilising materials.

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9 Tips for Buying Quality Discounted Pallets!

Supply Chain Game Changer

There are a lot of people that are looking to buy discounted pallets. Buying a discounted pallet can be an expensive mistake. The following article will share 9 tips that will help you be more successful with your discounted pallets. Subscribe Here! Email Address.

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Three Ways Material Handling Equipment Is Changing with Rise of E-Commerce

Talking Logistics

As online sales become increasingly popular, the growth of e-commerce has impacted every part of the supply chain, and material handling equipment (MHE) and fleet services are no different. There is a desire to reduce the amount of traditional equipment and incorporate more automated, less labor-intensive types of models. The post Three Ways Material Handling Equipment Is Changing with Rise of E-Commerce appeared first on Talking Logistics with Adrian Gonzalez.

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4 Important Benefits of a Sustainable Reverse Logistics Strategy

GlobalTranz

However, one of the most important aspects of supply chain strategies is often overlooked: the reverse supply chain (also referred to as reverse logistics ). A reverse logistics strategy provides a path for removing the existing equipment to make way for the next era of equipment in the case of end of life products or new upgrdes. In a sense, reverse logistics could be considered the “greenest” part of any business logistics strategy. Reduced Risks to the Business.

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What is Material Requirements Planning and Material Resource Planning Software

OptiProERP

Manufacturing companies convert raw materials into a form that is of more value and use for the consumer. Developed in the 60s and 70s, material requirements planning (MRP) offered an important breakthrough for shop floor managers. What is Material Requirements Planning (MRP) Software? Material requirements planning (MRP) software plans for the production and purchase of the components used. The primary benefits of MRP software are: Inventory reduction.