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Warehousing 101: An Introduction to Digital Warehouse Automation

RFgen

Key Takeaways: Warehousing and distribution face unprecedented pressures from COVID-19 disruption, commoditization, labor shortages and rising customer expectations. Warehouse automation is an effective way to gain efficiencies, cut costs and scale operations. High warehouse turnover.

The 10 Procurement Metrics that Matter in 2021

Unleashed

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Contemporary business procurement has evolved and is now largely value-driven. Warehouse space utilisation.

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Warehouse Cost Savings: 5 Key Areas of Focus and 13 Practical Objectives

GlobalTranz

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. Well, it starts with focusing on the areas and objectives that can meet your desired outcomes. In today's blog post we will go over five key areas those managing or directing company warehouses can focus on to achieve reaching your desired outcomes.

50 expert warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Design a floor plan that meets your needs now and also allows for growth. Upgrade your warehouse equipment.

Optimizing Retail Supply Chains to Meet Demand and Reduce Costs

CH Robinson Transportfolio

It’s no secret that retail supply chains can be particularly complex; trying to continuously meet changing consumer demands while also driving growth can result in missed opportunities to manage cost and drive efficiency. Change your thinking on retail procurement. Robinson’s supply chain and procurement solutions, connect with an expert today. The post Optimizing Retail Supply Chains to Meet Demand and Reduce Costs appeared first on Transportfolio.

Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

GlobalTranz

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. What Is Procurement Management?

The 3 Pillars of Digital Procurement!

Supply Chain Game Changer

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Recently I had the pleasure of attending EBG Network’s 8th Annual Source to Pay Summit, which gathered some of the Nordic’s largest organizations and procurement profiles. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement.

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. .

Is Procurement a True Profession….Yet?

Supply Chain View from the Field

Gerard Chick and I are working on a new book, that is effectively questioning whether procurement, as we know it, is on the right track, and if not, what it will take to get it back on track. There is certainly a lot of work to be done, and this exciting project that we’ve been traveling through will I believe provide some provoking ideas to drive the profession of procurement to new heights.

4 Ways To Improve Procurement For Increased Customer Satisfaction

Slimstock

Though it’s often overlooked as an element of customer satisfaction, procurement is an essential component for delivering that satisfaction. Procurement involves buying goods and services that keep an organization operating; it ensures warehouses are well-stocked with the proper supplies at all times. Procurement can be responsible for up to 70 percent of a company’s revenue , so small changes in procurement functions can have a major impact on profitability.

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

Our 40 th Bi-Annual Supply Chain Resource Cooperative meeting was a great success, culminating with the student gallery walk, featuring 27 undergraduate and MBA supply chain projects. The meeting was attended by over 80 executives, as well as numerous students and faculty.

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

GlobalTranz

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. 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. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand "Hidden Costs" in the Warehouse Cost Reductions Quest.

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5 Procurement Management Tips for the New Kid on the Block?

AFFLINK

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations. Meeting quality expectations may involve meeting international and national standards such as ISO 9001. The late John Wooden focused on fundamentals.

Manufacturing Quality Issue Turns into a Huge Success Story for Procurement

EC Sourcing Group

Today I will share a fantastic success story from a strategic sourcing consultant who is friend of mine. The goal for my friend was to find a new supplier that could meet their quality standards – fast. Agreed to build a small warehouse next to the producer’s facility to streamline the supply chain. The last point demonstrates the benefit of hiring people that understand procurement and what can be negotiated. Most people in procurement dislike change.

Another Fall semester brings a new batch of 50 SCRC company projects…

Supply Chain View from the Field

We have found that a successful field-based student project often occurs when the project is kept on track to meet deliverables. Improvement of Source to Pay processes. - Warehouse management - SOWs, staging lane design, job kitting implementation. As we go into our 2013 fall semester, the SCRC team is pulling together the list of project summaries from our 15 corporate partners.

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Ultimate guide to technologies that are transforming supply chains

6 River Systems

Should supply chain delays occur, companies can more easily identify the source of bottlenecks and take action to improve processes. Robotics enabled with AI and ML augment the work of humans in warehouses and distribution centers. Warehouse Efficiency Warehouse Operations

The Supply Chain Construct for New and Growing Businesses!

Supply Chain Game Changer

That is the purview of Procurement. Cash is king and cash flow management is the source of life, or the cause of death, of any company. Specifically it is also important to have great Procurement leadership that is business savvy and great at relationship management.

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24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” Invest in new technologies that enable you to do this to meet growing demand.

Focusing on Efficiency: Setting Foodservice Up for Success in Changing Market Conditions

CH Robinson Transportfolio

In this way, you will find new ways to do more with less, better meet customer expectations, and adapt quickly to change. While knowing where food is sourced, how it’s transported, and other supply chain questions may not feel like it has much to do with efficiency, you might be surprised.

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Ultimate Guide To Technologies That Are Transforming Supply Chains

The Logistics & Supply Chain Management Society

Should supply chain delays occur, companies can more easily identify the source of bottlenecks and take action to improve processes. Robotics enabled with AI and ML augment the work of humans in warehouses and distribution centers.

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

A predominant issue is having single, or sole, sourced parts. If the supplier provides materials that can be sourced elsewhere then you have a path to developing a contingency plan. This should inform your plans for sourcing and logistics. Subscribe Here! Email Address.

Overcome Foodservice Disruptions: Focus on Technology, Service Networks, and Transportation

CH Robinson Transportfolio

With the majority of the transportation market comprised of small and mid-sized carriers, juggling the number of relationships necessary to meet your capacity needs can be daunting, if not impossible. No one could predict how much uncertainty 2020 would bring.

The Digital Supply Chain: How Are Supply Chain Managers Responding?

GlobalTranz

Managers must understand the digital evolution in the supply chain and respond in kind, explains Forbes magazine , with integrated planning and execution systems, automated systems, smart warehousing and procurement practices and much more. In other words, companies must be willing to create seamless, omnichannel experiences for consumers while still meeting public expectations, like reducing impact on the environment and focusing on local-sourced goods and materials.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Meet Our Panel of Supply Chain Professionals: Sebastian Jungels Calloway Cook John Moss Emily Murphy Michael Gravier Rishit Shah Jessica Thiele Charlie Wilgus Debbie Lentz Tom Kieley Bobby Neundorfer Juli Lassow Lu Siqi Eunji Lim Ph.D. Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. Warehouse Operations

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

The objective is always to assemble goods to meet the customer’s request and get it to them in the most efficient and safest way possible. The number and locations of required warehouses, distributors, etc. David Bakke David Bakke is a Logistics Expert at National Air Warehouse.

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM. Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Simply put, he would always have to scramble and pay above market rates to find enough trucking capacity to meet demand.

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50 expert tips on logistics planning and strategy

6 River Systems

While it’s certainly important for each stakeholder to ensure they’re meeting deadlines and turning in quality performance, silos along the supply chain make it difficult to address inefficiencies in any meaningful way. Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. The increase in sales is great but only if you are able to meet customer demand.

ToolsGroup’s Michael Haiber and Stefano Novati Named Supply & Demand Chain Executive “Pros to Know” for 2021

ToolsGroup

This year’s list includes individuals and teams from software and service providers, consultancies and academia, trucking and transportation firms, professional development agencies, sourcing and procurement divisions, and more, all who have helped supply chain clients and the supply chain community at large prepare to meet many of today’s—and tomorrow’s—challenges. “In

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

With how quickly new technology, tips and warehouse management techniques are emerging, wouldn’t it be nice to take a page from someone else’s book? Strategies include sourcing more items directly from manufacturers to improve margins, SKU rationalization and space reduction, “show more carry less” and assisted-store ordering. Vendors act as extensions of Belk’s fulfillment centers, while Belk is able to offer a broader product assortment to meet customer needs.

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

If you’re spending too much to meet consumer demands, experiencing delays in getting products to end customers or production disruptions, it’s time to focus on optimizing your supply chain. From raw materials sourcing to warehouse operations , logistics technology , order fulfillment and beyond, there are dozens of points throughout the supply chain, all of which contribute to overall supply chain efficiency. Warehousing. Warehouse Operations

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism. This is a key component of the sourcing initiative.

Endless aisle: A new age inventory management or an Omnichannel POS Strategy?

Vinculum

Increased Revenue: Accessing the inventory of multiple sources helps minimise lost sales, especially if fulfilment options such as free delivery, click & collect at a later date, or from a store close by etc. meet customer expectations. Manage and track inventory at all the sources.

Want to Produce Supply Chain Plans with Precision and Speed? Your ERP System Won’t Deliver!

Logility

According to McKinsey and Company , with a digitization of the supply chain they have the capacity to save 75% of lost sales, reduce transport and warehousing costs by 30%, and decrease 80% of administrative costs – all while cutting inventory by 75%.

5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Whether it is about inventory in transit, in a warehouse or in distribution centers, visibility is a must. When stock is optimized in the right manner, routine inventory audits are done on time, inbound, outbound, warehousing, and in-transit movements are tracked meticulously. Inventory visibility ensures that your capital is not sitting on warehouse shelves instead of being used in your operations. Materials are ordered and received to meet production requirement s.

5 Ways Temperature Controlled Shippers Can Boost Supply Chain Efficiency

CH Robinson Transportfolio

Making improvements in these areas will help you meet safety expectations, and better meet customer expectations. Robinson, to discuss how Managed Procurement Services could provide a customized, more holistic solution.