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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. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Of course, warehouse optimization isn’t something you do just once; it’s an ongoing process, and a complex one at that.

The Last Mile Really Does Begin with the First Pick From Your Warehouse

Veridian Solutions

As explained by Supply Chain 24/7 , digitalization of the logistics industry, including warehousing, continues to drive the market. So, warehouse leaders must consider two sides of the first touchpoint—the stage of picking the item and the actual inbound logistics of how it arrived in the warehouse or distribution center. How Procurement Contributes to Improved, End-to-End Supply Chain Efficiency. How can a warehouse know what a supplier/vendor does and does not do?

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Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. We are currently mapping the progress of all public manufacturing, distribution and retail companies on three factors: Strength: Year-over-year improvement on operating margin and inventory turns for the past six years. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. How do you balance metrics ? .

The Reorder Point Formula: Everything You Need to Know

Unleashed

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Example 2: The reorder point for retail and distribution. Business Tips inventory metrics inventory reporting stock reorder

Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

The next time you feel the need to toast someone, raise your glass to all the supply chain professionals involved in omnichannel retail operations. John McAteer, Vice President of Sales, Retail, and Technology at Google, writes, “In retail, there’s no space for standing still. Empowered by mobile, people can get exactly what they want instantly and effortlessly, and they expect retailers to meet their needs faster than ever before.”[1]

What Going Digital Can Mean for Your Warehouse Operation

EFT

Supply chain management is the cornerstone of procurement, production and facilities management. However, the digital warehouse allows employers to notice recurring patterns or highlight areas that need improvement. What may take months to find reviewing logs and ledgers can be exposed in minutes with real-time data warehousing. Future warehouses are expected to reach new levels of automation. The warehouse of the digital age is synonymous with automation.

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

6 River Systems

The number and locations of required warehouses, distributors, etc. David Bakke David Bakke is a Logistics Expert at National Air Warehouse. Similarly, warehouse usage would decline, as your need for safety stock would drop to near zero. Warehouse Operations

How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. You could pick up a job as a warehouse picker, a forklift driver, or even a truck driver. Procurement Analyst.

WMS Cybersecurity: Top 7 Reasons to Think of Security During Implementation

Veridian Solutions

Supply chain management is filled with risks, and Warehouse Managers need to start thinking about WMS cybersecurity during implementation, explains Cerasis, processes too. Warehouse Managers that take the time to consider cybersecurity during new system implementations can ensure the best possible outcomes. Constructive metrics. Focus on warehousing and logistics. Risks aren’t limited to warehousing either.

What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. Ultimately, supply chain executives need to understand the challenges of a traditional WMS, and why a Warehouse Management System in the cloud is a viable solution with key benefits. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. Ultimately, supply chain executives need to understand the challenges of a traditional WMS, and why a Warehouse Management System in the cloud is a viable solution with key benefits. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Think about the typical set of objectives and metrics associated with managing a Supply Chain. Unless there is some value-added processing involved in moving goods to another distribution centre or warehouse then enabling the direct shipment (ie. Subscribe Here! Email Address.

50 expert tips on logistics planning and strategy

6 River Systems

As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “As for your internal systems, real-time inventory management helps you manage your fulfillment warehouses. Warehouse Operations

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

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively. This initially necessitated the expansion of our warehousing provision, revision of our stock rotation and warehousing policies and associated costs, which we had to bear.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

With pricing under pressure from recession-scarred consumers, the temptation for retailers is to transfer the pain upstream to their suppliers by passing on price reductions and forcing them to bear an increasing share of costs. Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Subscribe Here!

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

6 River Systems

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. William Crane, Founder & CEO of IndustryStar Solutions , is an entrepreneur and experienced executive in supply chain with demonstrated results starting, launching and enhancing procurement, logistics, supplier quality and manufacturing companies globally.

5 Ways to Prepare Your Supply Chain for an Efficient Holiday Rush

OneSCM

Despite worries over trade tariffs, consumers are in good financial shape, as the National Retail Federation forecasts holiday retail sales will grow between 3.8 Businesses need to be prepared for demand spikes, so what can efficient directors of warehouse supply chains and warehouse managers do to get ready for the holiday rush? Smart supply chain directors collate and make sense of data metrics, using technology to eliminate data silos.

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

When there are leakages in your supply chain, those units typically end up on e-commerce websites like Amazon or eBay and are sold at prices lower than authorized retailers. You also have to consider storage costs, warehouse maintenance costs, ordering new items, packaging, vendor costs — all these require spending money. It will also track your goods right from the moment an order is received, its journey through the supply chain until it leaves the warehouse for shipping.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation. PRESS RELEASE. New survey finds that most companies are still formulating and gaining support for a digital strategy, with fear of change and data challenges as leading roadblocks. . BOSTON, Mass. and HOUSTON, Tex.

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Where Is the ROI in a WMS Implementation?

Veridian Solutions

Assessing the return on investment (ROI) of a warehouse management system (WMS) implementation is an essential step in building the business case for investment. According to Chris Barnes , solution consultant for the Accellos platform, Warehouse Managers face many challenges in understanding the ROI in a WMS implementation. Let’s take a closer look at where Warehouse Managers may find the highest ROI in a WMS implementation. Refinement of procurement strategies.

50 expert tips on supply chain management

6 River Systems

At the same time, supply chain disruptions resulted in shortages of vital parts and components, and retailers such as grocery stores faced challenges keeping items like toilet paper, hand soap and sanitizer and disinfecting wipes on their shelves. “The pandemic, however, is affecting supply chains in the aircraft, automobile, electronic products, hospitality, medical, pharmaceutical, retail, technology, travel, and personal service/support industries.”

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Matching Amazon’s delivery promise isn’t possible for most retailers, nor does it make sense. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Oppositely, a luxury clothing retailer may offer more delivery options that account for both immediacy (need new shoes for tomorrow’s event) and also the willingness to wait (want new shoes, but not for tomorrow). Some of the most common are: Buying or renting your own warehouse.

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Matching Amazon’s delivery promise isn’t possible for most retailers, nor does it make sense. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Oppositely, a luxury clothing retailer may offer more delivery options that account for both immediacy (need new shoes for tomorrow’s event) and also the willingness to wait (want new shoes, but not for tomorrow). Some of the most common are: Buying or renting your own warehouse.

Top 15 Logistics Blog Posts of 2014

Cerasis

Some logistics involves transportation or warehouses or both. It is evident, the two most popular themes around logistics in 2014 based on these page views have to deal with Reverse Logistics , e-commerce , and information around the warehouse. The Warehouse Manager’s Complete Warehouse Traffic Management Checklist : A warehouse manager is responsible for ensuring the health and safety of their employees and others who visit your workplace.

Multichannel Fulfillment & Shipping: Considerations for Wholesale Distributors & OEMs in the Transition From Single Channel Shipping

Cerasis

e-commerce retail sales have increased 3.9 Unfortunately, manufacturers and OEMs may lack the infrastructure necessary to facilitate such changes, and resellers face challenges in optimizing procurement for the world of e-commerce. Warehouse selection. Finally, manufacturers and wholesale distributors must consider changing where product is stored, requiring a review of available warehouses and alternative shipping strategies.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Public awareness and mass retailer initiatives have driven major sustainability efforts over the last two decades among CPG manufacturers. Driven by aggressive targets and retailers’ “supplier scorecards,” their progress has been enabled by advances in materials engineering and manufacturing technology. This sustainability effort has carried innovation and implementation costs which have been gradually offset with procurement and operational savings.

Top 8 software every FMCG company should invest in

Abivin

Choosing a suitable software for your FMCG firm is necessary as it must be tailored for complicated and multi-tier distribution systems involving numerous distributors, retailers, the company and its end users. Warehouse Management System (WMS) Warehouse management system enables FMCG firms to take control of their diversified range of product and stock items, as well as monitor operations of goods and materials moving in and out of the depot.

Collaboration and Visibility in the Supply Chain

Oracle SCM

Often this data is rolled up organizationally, geographically or in distribution through performance metrics or key performance indicators (targets change with these roll ups). ROI for collaboration and visibility projects can be defined in many areas of the supply chain, and by way of example (real projects) I can more easily share the value: A large grocery retailer had negotiated complex, long term, vendor managed inventory (VMI) agreements with several consumer goods suppliers.

Are Universities Training Students for Obsolete Jobs? And Where Does Supply Chain Fit in?

Kinaxis

These and other technologies have led analysts and journalists to clamor over predictions that robots will gradually replace truck drivers, retail staff, and other service industry jobs. Economists seem divided about whether existing metrics are sophisticated enough to properly measure the link between technology and job loss. It’s true that more transactional Supply Chain related roles (such as Procurement Clerks and Warehouse personnel) are under threat of automation.

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

People are still worried about having efficiencies in their warehouses, making sure they’re laid out properly, and having the right processes. A lot of companies now will have regional hubs with just smaller satellite warehouses in each country.

What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. Metrics Alignment. Yesterday, I finished a post on supply chain planning maturity.

Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

At one point while working for a 3PL, I did a lot of work in retail. [04:37] I was involved with the procurement of equipment and materials. One of the bidders had a very unorganized warehouse. The five-year contract was going to deliver millions of dollars of cost saving and initiatives, such as no longer needing to pay for one of our warehouses and some employees. [24:44] The expected metrics were part of the contract.

The Coming Age of Cognitive Supply Chains

Enterra Insights

4] They include: Cost reduction (savings in staff, in reduced warehouse space, in fuel, in retained customers, and in lower costs-to-serve); insights (timely analytics tied with a singular version of internal data truth and third-party data means Sales and Operations Planning (S&OP) is an inherently more efficient process as forecasts reflect reality); and risk analysis (knowing the areas where your supply chain is vulnerable).

3PLs and the Trials of COVID-19

BlueYonder

Other players are being forced to lease or purchase additional warehouse space to fulfill surge demand. Many are struggling to fill gaps in demand – in particular with retail and wholesale at a virtual standstill – resulting in aisles overflowing with products that have nowhere to go and labor with little to do. By Kirk Waldrop & ElMarie Hugo. Blue Yonder is committed to helping its customers face the unexpected.

Easier than reducing carbon footprint – 5 Steps to make a dent in the Huge and Hidden Cost of CPG Sustainability

Cerasis

Public awareness and mass retailer initiatives have driven major sustainability efforts over the last two decades among CPG manufacturers. Driven by aggressive targets and retailers’ “supplier scorecards”, their progress has been enabled by advances in materials engineering and manufacturing technology. . This sustainability effort has carried innovation and implementation costs which have been gradually offset with procurement and operational savings.