Top 3 Most Common Inventory Control Policies

The Smart Software

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. 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.

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Weathering the Trade Policy Storm: Trade Content is Key

Logistics Viewpoints

Protectionist trade policies are leading companies to shift their country sourcing practices as well as investments in automation and technology to help keep goods moving and visible. The post Weathering the Trade Policy Storm: Trade Content is Key appeared first on Logistics Viewpoints.

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.

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.

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

Cerasis

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. Common Examples of RMA Policy. Policy for customer service.

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?

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.

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.

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.

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.

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

6 Tips for Writing an Excellent Ecommerce Shipping Returns Policy

Cerasis

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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

New eBook: Trade Policy Trends - Succeeding in an Environment of Change

Descartes

Trade policy is on the move. In this environment of change, it can be challenging to pinpoint trends and assess how trade policy shifts might impact business and products at the Harmonized System (HS) level

eBook 195

Sports Jerseys and Lifetime Returns Policy

The UCLA Anderson Global Supply Chain Blog

From an operations lens, this retailing policy brings up a few interesting questions: With JA, the risk of owning a jersey is reduced, so how much more can the jersey manufacturer charge for jerseys? Bobby S. Nyotta and Christopher S.

Sports Jerseys and Lifetime Returns Policy

The UCLA Anderson Global Supply Chain Blog

From an operations lens, this retailing policy brings up a few interesting questions: With JA, the risk of owning a jersey is reduced, so how much more can the jersey manufacturer charge for jerseys? Bobby S. Nyotta and Christopher S.

If there is a recession, you should …

The Smart Software

Blog Demand Planning efficiency expensive forecasting software inventory modeling inventory planning lead time minimize ordering overstock overstocking planning policies policies purchase orders ready replenishment shelf shipment stocking sufficiently supply chain analytics understock

Reveal Your Real Inventory Planning and Forecasting Policy by Answering These 9 Questions

The Smart Software

In this blog, we review 9 specific questions you can ask to uncover what’s really happening with the inventory planning and demand forecasting policy at your company.

Walmart’s OTIF Policy Will Continually Impact Forecast and Planning Strategies

CHAINalytics

Previously under the Must Arrive By Date (MABD) guidelines, suppliers of fast-turning products, as well as perishable … The post Walmart’s OTIF Policy Will Continually Impact Forecast and Planning Strategies appeared first on Chainalytics.

Effective Traceability – An Insurance Policy for the Electronics Industry

SYSPRO Smarter ERP

The post Effective Traceability – An Insurance Policy for the Electronics Industry appeared first on SYSPRO US. Product recalls are one of the biggest risks that manufacturers have to face. According to the insurance industry, the average cost of product recall claims is over $1 million. Product recalls in the electronics industry made up 29% of all recalls in the US in Q1 2019.

The Impact of ELDs & Other Freight Policies: A conversation with Alex Scott

CHAINalytics

The post The Impact of ELDs & Other Freight Policies: A conversation with Alex Scott appeared first on Chainalytics. Blog Freight Market Intelligence Consortium Transportation driver safety ELD ELD Mandate ELDs Freight Procurement Transportation Procurement

How to Tell You Don’t Really Have an Inventory Planning and Forecasting Policy

The Smart Software

Many organizations cannot specify how policy inputs are calculated or identify situations calling for management overrides to the policy. The post How to Tell You Don’t Really Have an Inventory Planning and Forecasting Policy appeared first on Smart Software.

A Software Management Policy is Essential to Improve Purchasing

ModusLink Corporation

The post A Software Management Policy is Essential to Improve Purchasing appeared first on ModusLink Global Solutions.

Detention Policies Need to Change in 2018

DAT Solutions

I am so hoping that 2018 will be the year when detention policies and practices change. Chad Boblett is the owner and driver of Boblett Brothers Trucking of Lexington, KY.