5 Things You Should Consider before Writing a Supply Chain Policy

Cerasis

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.

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.

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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.

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.

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.

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. 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.

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.

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.

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

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 […]. Blog Article Engage Retail Supply Chain

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.

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.

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.

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

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.

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. There is also a fourth policy called MRP logic or forecast based inventory planning which is the subject of a separate video blog that you can see here. These videos explain each policy, how they are used in practice and the pros and cons of each approach.

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

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.

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

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

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 ).

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

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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

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. Understanding each and every step in the process is integral to building a successful, comprehensive, and efficient procurement process. There are many industry specific and market-unique variables involved in procurement that can alter how an individual company employs procedures. However, grasping the high-level […].

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.

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.

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’. Amazon also has different refund policies for different products to aid the customer. This is very different from the non-specific policies of other retailers. Their return policies are designed keeping this in mind.

How to Write an Ecommerce Exchange Policy that Customers Will Love

ShipBob

Unfortunately, the opportunity often dissipates because of long and complicated ecommerce exchange policies that push shoppers into requesting refunds instead. . A robust exchange policy helps steer the ship back on course, incentivizing shoppers to exchange an item for what they really want, while retailers get to keep the sale. Let’s take a deeper look at the importance of ecommerce exchanges policies, and review best practices for writing a successful policy of your own. .

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.

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.

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