5 Things You Should Consider before Writing a Supply Chain Policy

GlobalTranz

The post 5 Things You Should Consider before Writing a Supply Chain Policy appeared first on Transportation Management Company | Cerasis. Supply Chain Supply Chain PolicyA supply chain can make or break your business.

5 Things You Should Consider before Writing a Supply Chain Policy

All Things Supply Chain

While shipping and handling remain mostly unaffected by COVID-19 due to their lack of direct… General Supply Chain Management audit policies risk management supply chain supply chain policy

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Top 3 Most Common Inventory Control Policies

The Smart Software

To make the right decision, you’ll need to know how demand forecasting supports inventory management, choice of which policy to use, and calculation of the inputs that drive these policies.The process of ordering replenishment stock is sufficiently expensive and cumbersome that you also want to minimize the number of purchase orders you must generate. The post Top 3 Most Common Inventory Control Policies appeared first on Smart Software.

Develop a Stocking Policy

Demand Solutions

And that leads me to the point of this article: your company needs a clearly defined stocking policy that guides decisions like these. The typical company stocking policy goes something like this: “One of our favorite customers said they would continue buying this product if we keep it in stock.”. If you’re serious about reducing inventory, you need a stocking policy that you can put down on paper and refer to throughout the year. One of your products had two “hits” in 2014.

February 2021: Learn about the Top 3 Inventory Control Policies

The Smart Software

Epicor User Group Webinar: Top 3 Inventory Control Policies. SVP Research and Professor Emeritus at Rensselaer Polytechnic Institute, defines and compares the three most used inventory control policies. In this webinar Dr Thomas R. Willemain, Ph.D.,

Smart Cities Need Smart Logistics Policies

Enterra Insights

Eugene Mulero ( @eugenemulero ) reports a study by the National Association of City Transportation Officials concludes, “Officials aiming to facilitate the flow of freight amid advancements in autonomous vehicle technologies need policies designed to reduce the frequency of freight trips while enhancing safety.”[3] … Freight and active transportation interests can have mutual policy goals. ” Smart logistics policies and plans.

Return Merchandise Authorization: What is RMA and Common RMA Policy Attributes

GlobalTranz

Furthermore, many RMA policies may have subtle differences with these common interests. Let’s take a look into how RMAs function and some common examples of RMA policy. At the heart of Return Merchandise Authorization policies, rests two primary functions of RMAs : to prevent improper returns and gathering information about the return. Common Examples of RMA Policy. Next, an RMA policy will need to have a chain of events for reviewing the following: Warranty policy.

Reveal Your Real Inventory Planning and Forecasting Policy by Answering These 10 Questions

The Smart Software

In this blog, we review 10 specific questions you can ask to uncover what’s really happening with the inventory planning and demand forecasting policy at your company. We detail the typical answers provided when a forecasting/inventory planning policy doesn’t really exist, explain how to interpret these answers, and offer some clear advice on what to do about it.

Weathering the Trade Policy Storm

Supply Chain Brain

Protectionist trade policies are causing companies to shift their country sourcing practices. The new normal in global trade policy is a stormy environment that is highly unpredictable. The recently published eBook, Weathering the Trade Policy Storm: Trade Content is Key , outlines what you need to know about what kind of volatility is coming, and what you need to do to seek shelter, including: Geopolitical changes that are stirring up shifts in policy.

AMA With Happy Returns: Understanding New Online Returns Policies

Convey

The post AMA With Happy Returns: Understanding New Online Returns Policies appeared first on Convey. As consumers become more accustomed to shelter-in-place, online orders have surged every week since […].

How Will Walmart’s New OTIF Policy Affect the Supply Chain’s Transportation Component?

CHAINalytics

For the transportation component, … The post How Will Walmart’s New OTIF Policy Affect the Supply Chain’s Transportation Component? Blog Freight Market Intelligence Consortium Transportation Carrier performance Carriers Chainalytics Freight Delivery LTL On-Time-In-Full OTIF OTIF Policy Supply Chain Transportation Surge Volume Vendor Relations Walmart's OTIF

How Fed Policy Impacts Manufacturer Profits and Supply-Chain Costs

Supply Chain Brain

A perfect storm of currency debasement, higher taxes, and declining purchasing power is driving manufacturers to focus on overall spend, cost-cutting, and the need to optimize cash conversion

TOP 3 COMMON INVENTORY POLICIES

The Smart Software

In this Video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares the three most used inventory control policies. These policies are divided into two groups, periodic review and continuous review.

How to Create Successful Returns Management Practices & Policies

Veridian Solutions

Retailers around the globe are working to create successful returns management practices to meet the demands of consumers, and today’s supply chain leaders need to understand how to create successful returns strategies, including policies that align with e-commerce. Consumers will turn to competitors for their purchases, even if it means paying a premium for free, easy returns policies. In other words, the policy itself impacts customer experiences and profitability.

What’s new in the automotive supply chain? (Hint: Inventory Replenishment Policies)

The Network Effect

Today I want to explore how automobile suppliers are improving their operations via inventory replenishment policies. Effective inventory replenishment policies in use today include the 830/862 converted to a delivery release, KanBan, Min/Max, and Sequencing. Improved technologies now provide the ability to optimize truckloads simultaneously with inventory using pull policies. Hint: Inventory Replenishment Policies) appeared first on The Network Effect.

US executives forced to rethink corporate strategies with post-election policy changes

EFT

Post-US Election, executives in America are expecting to have to re-evaluate their supply chain approaches due to changes in legislation, regulations and policy, according to the Ernst & Young LLB Election Pulse Strategy Survey.

China, Tariffs, and Trade Policy. What’s Going On?

CH Robinson Transportfolio

China, Tariffs, and Trade Policy. If changes in trade policy have been giving you and your team whiplash lately, you’re not alone. Find out more about our trade policy group or register for one of our customs seminars in a city near you. The post China, Tariffs, and Trade Policy. Global Forwarding Market Update Supply Chain Consulting Featured Global Trade Tariffs Trade PolicyWhat’s Going On? Robinson.

Finding the Right Solution for New Tax and e-Invoicing Policies in Colombia

Descartes

Another country within Latin America mandates new tax and electronic invoicing policies. The post Finding the Right Solution for New Tax and e-Invoicing Policies in Colombia appeared first on Appterra Collaborative Commerce. Colombia becomes the eight country to follow the e-invoicing trends of other countries, like Peru and Chile. The goal of the mandate is to reduce tax evasion issues from 22% to 0% by companies that conduct business in the country.

6 Tips for Writing an Excellent Ecommerce Shipping Returns Policy

GlobalTranz

Because of this reality, return requests are inevitable, so it’s important that you have a proper ecommerce shipping returns policy. Make it Accessible Don’t hide your policy, make sure it is located in an easy to find location; your customers will appreciate it. Nobody wants to go searching around a site for the return policy, and you don’t want it to seem as if you are hiding it. It’s important that your policy is very clear, and not open to interpretation.

Policy or Practice? Supply Chain Risk Management in Reality

All Things Supply Chain

Procurement and supply chain management are logical functions. Work through a process, and you can bring spend and transactions into a managed state. Apply a framework and you can bring… Supply Chain Management risk management supply chain management supply chain transparency

Will U.S. Manufacturers Benefit From a Stronger ‘Buy American’ Policy?

Supply Chain Brain

President Biden’s executive order reaffirming the “Buy American” policy for federal government contracting is meant to close the loopholes that have permitted some foreign sourcing of goods and services.

Weathering the Trade Policy Storm: Trade Content Is Key

Supply Chain 24/7

Supply chain storms aren’t going away, and as you seek solutions to shelter your company from uncertainty, grow into new regions, or try to maintain your existing base, you need to equip your supply chain team with the right gear

Adapting the Supply Chain to Protectionist Policies

Material Handling & Logistics

If a U.S. border tax was enacted some retailers that are big importers could see their net profits plummet by almost 80%, while exporters of manufactured goods could see their net profits soar by 50% or more. read more. Global Supply Chain News

TOP 3 COMMON INVENTORY POLICIES Copy

The Smart Software

In this Video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares the three most used inventory control policies. These policies are divided into two groups, periodic review and continuous review.

KraftHeinz Procurement Bends to 3G Capital’s Policies: How’s it Working Out for You?

NC State SCRC

In its earnings release , Kraft Heinz said it received a subpoena last October related to its “accounting policies, procedures, and internal controls related to its procurement function, including, but not limited to, agreements, side agreements, and changes or modifications to its agreements with its vendors.”. Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital.

Effect of Rare Earth Elements (REE) Ban Policies By China On Global Supply Chain

Resilinc

Download the full analysis report here. supply chain risk management supply chain disruptions supply chain event supply chain risk crisis management impact rare earth minerals

Why Grinch-Like Policies Won’t Save Your Christmas Margins

MP Objects Supply Chain Orchestration

The holiday season is a time of giving and receiving; UPS alone is anticipating delivering about 750 million packages. However, if you work in retail, it is also the unenviable time of mass returns and exchanges. According to the 2017 Consumer Returns in the Retail Industry report, “Total merchandise returns account for more than $351 billion in lost sales for US retailers.”. Omnichannel E-commerce Fulfillment Supply Chain Visibility Reverse Logistics

Battery Trade Dispute Could Test Biden’s Green Policy Plans

Supply Chain Brain

The Biden administration’s first test of its climate change policy could come this week in a legal dispute over battery components seen as key to growing electric vehicle adoption in the U.S.

Purchase Requisition Policies and Procedures Explained

ProcurePort

The post Purchase Requisition Policies and Procedures Explained appeared first on ProcurePort Blog There are many elements to be aware of as a procurement team.

How do you know Min/Max policy is working well for you?

The Smart Software

The Min/Max inventory policy is one of three available in SIO. The post How do you know Min/Max policy is working well for you? When the inventory level drops to or below the Min, a replenishment order is generated.

The user experience ensures that procurement policy is followed

ivalua

For those companies, like Ivalua ,that develop a software solution for the Procurement Departments of large groups, paying attention to the user experience means ensuring better adoption of our software and, in the end, an increased compliance with procurement policy for our customers. The post The user experience ensures that procurement policy is followed appeared first on Ivalua. History of the user experience: ( read this article in French ).

Gaming Out Your Logistical Response to the Corona Virus

The Smart Software

Blog Inventory Optimization analytics demand efficiency forecast forecasting software inventory modeling inventory planning lead time levels mathematics minimize ordering overstock overstocking patterns planning policies policies replenishment software Stock stocking supply chain understock

Amazon’s Return and Refund Policies

Vinculum

Many companies lack even the policies of returns or refunds. Comparatively, Amazon has one of the most customer and seller-friendly refund policies – Amazon has a separate page addressing ‘Returns & Replacements’. Their return policies are designed keeping this in mind.

How Will U.S. Trade Policy Change Under the Biden Administration?

Supply Chain Brain

Expect to see some major changes in the United States’ relations with its trading partners in 2021, especially China

Energy Efficiency Should Lead Climate Change Policy

Descartes

Current energy programs and policies provide significant energy savings at a lower cost than businesses pay for electricity. The post Energy Efficiency Should Lead Climate Change Policy appeared first on Appterra Collaborative Commerce. Energy efficiency is considered as the cheapest and easiest way to mitigate climate change. It reduces energy consumption without requiring businesses to modify their current level of service.