Blockchain and Reverse Logistics: Recapturing Costs and More

Cerasis

The costs of reverse logistics amount to more than $750 billion per year, and the demand for reverse logistics has risen in recent years with the rise of e-commerce. According to Stacy Rudolph of Business to Community, up to 30% of all products ordered online become returns, placing an insurmountable burden on reverse logistics. This is why blockchain in reverse logistics go well together. Blockchain Reverse Logistics

What Exactly Is Reverse Logistics?

Supply Chain Game Changer

And then at some point all of these activities were included under the banner of “Reverse Logistics” What on earth is Reverse Logistics? So What Is Reverse Logistics? The term “Reverse Logistics” was first coined by James R. I was certainly familiar with Repair, Recycling, Reclamation, Salvage and ReUse to that point but Reverse Logistics seemed like an odd phrase. And Why Is Reverse Logistics Important?

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10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. However, 48 to 72 hours would be an ideal lead time, reports Steve Raetz of Logistics Viewpoints.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. The Supply Chain arranges for the appropriate logistics, and negotiates terms and conditions with Suppliers, audits Suppliers, and deals with quality strategies and issues. From the outbound perspective the Supply Chain also arranges logistics and delivery. Subscribe Here! Email Address. Check out Brand Protection – The Definitive Role of the Supply Chain!

How Last Mile Delivery Affects the Supply Chain

The Network Effect

The orchestration of processes and information for the procurement of goods to the “last mile” delivery to the customer is a required competency in today’s direct to consumer marketplace. As many regional delivery hubs do not require the full breadth and depth of a WMS, some basic functionality is still needed: receiving, cross docking, inventory visibility, labor and task management, staging, driver check-in and check-out, quality audit, loading, and shipping. By David Meyers.

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Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Techniques such as drop shipping and full case fulfillment and replenishment eliminate several handoffs and touches throughout any Supply Chain. Now consider that this same data entry occurs between all suppliers, customers and logistics carriers. It will include any of your logistics carriers and all of your customers. Planning, Procurement, Manufacturing, Logistics, Inventory Management and more are most often activities assigned to some internal organization.

Top 15 Logistics Blog Posts of 2014

Cerasis

We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. There are countless number of logistics service providers who offer many different types of broad and niche services. Top 15 Logistics Blog Posts of 2014.

Tips for Effectively Managing E-Commerce Logistics

Cerasis

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. In order to manage e-commerce logistics and maintain cost efficiency, shippers need to know the challenges in managing e-commerce logistics, how a TMS can help, and a few tips to streamline the process. What Are the Challenges in Managing E-Commerce Logistics? Offer multiple shipping options to consumers.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. Borders were closed, air travel curtailed if not suspended outright, cruise ships were quarantined, tourism plummeted, restaurants and theatres were closed, and entertainment and sporting events and leagues were cancelled. Don’t Overlook the Role of Reverse Logistics. Subscribe Here!

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The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Invariably those metrics include cost reduction, productivity improvement, delivery performance, lead time reduction, asset velocity, cash flow improvement, customer satisfaction, revenue growth and enablement, competitiveness, environmental protection and sustainability, and product return rates and reverse logistics. Drop shipping is another example of eliminating unnecessary and redundant material movement and transportation. Subscribe Here! Email Address.

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

Even JP Morgan, Microsoft, and Google, reports Jonathan Chester of Forbes , are working to increase blockchain development and innovation, and supply chain leaders need to understand how the use of blockchain in supply chain and logistics will bring about lasting change and improvements in efficiency. Blockchain is entering a phase of development that will affect every aspect of supply chain and logistics management, ranging from procurement to forward logistics and beyond.

Report Points to Increase of Shippers Outsourcing Transportation Management Due to These 4 Core Benefits

Cerasis

Consider the many shippers who have outsourced transportation management and other logistics functions to third-party logistics (3PL) providers the past few years. A distributor or manufacturer’s strength is in making product—its focus is procurement and streamlining production, but without the capability to fulfill orders, it is doomed. third party logistics industry was at a healthy 4.5 Businesses today often need a bit of help moving their bottom line forward.

Top Logistics & Supply Chain Blogs We Followed in 2018 & Suggest You Follow in 2019

Shipchain

We follow an exhaustive list of supply chain and logistics blogs to make this possible. If you want to start learning, we suggest you check out these top logistics and supply chain blogs. Top Logistics and Supply Chain Blogs We Love. Ship Lilly. The blog is run by Lilly and Associates and covers a huge range of topics from drop shipping, outsourced fulfillment, the trucking shortage, U.S.-China More Than Shipping. Logistics Management.

The Astonishing Benefits of Supply Chain Visibility and Their Impacts

Shipchain

The problems existing within supply chain visibility go back to issues with tracking shipments after shipping to consumers. The logistics operation of one company, especially if those operations do not follow sustainable practices, could push customers further toward your competitors. The supply chain should also track that the products perform as expected upon delivery, and if necessary, monitor any possible returns through the reverse logistics supply chain.

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. According to the CSCMP's "State of Logistics" Report from 2015, logistics costs now make up over 8% of the GDP. Any percentage less for your business with logistics costs as a percent of your revenue, goes straight to the bottom line. . Logistics Cost Reduction by Focusing on Safety.

Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

Omnichannel logistics challenges. The expectation of instant consumer gratification has businesses scrambling to shore up their supply chain to ensure cost-effective on-time delivery, which is where omnichannel logistics comes into play.”[3] ”[3] Legacy staff members identify 9 top omnichannel logistics challenges businesses generally face. Selecting the right shipping method for the right customer situation is essential to omnichannel logistics.”

All Third Party Logistics Providers Are Not Created Equal

Supply Chain Network

My initial involvement in the Third Party Logistics business was early in 1993 when I became the first Director of Development for Tibbett & Britten Group in North America. More than 20 years later the Third Party Logistics or 3PL business continues to grow around the world and therefore logistics professionals at almost all firms? ig fan of procurement when used prudently and for the appropriate commodities and services.

Explaining the Supply Chain Management Software Alphabet Soup: TMS, WMS, YMS, LMS, OMS, & More

Veridian Solutions

The TMS is also useful for managing all logistics needs, particularly procurement and reverse logistics. WMS software guides inventory receiving and put-away, optimizes picking and shipping of orders, and advises on inventory replenishment.”. While a WMS functions within a warehouse and a TMS functions outside the warehouse, what happens to logistics needs that occur within the yard of the facility?

Omnichannel is another Word for Complexity

Enterra Insights

David Egan, head of industrial and logistics research in the Americas for the CBRE Group, told Burnson, “These mega-facilities serve as the backbone of retailers’ fulfillment networks, distributing goods across multi-state regions. Reverse logistics adds another layer of complexity (and a few more cogs) into the omnichannel machine. … Omnichannel is not just a logistics decision.

8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Select one strategic logistics partner and build a long-term, close relationship. Place your main inventory holdings close to your logistic partner’s central hub. Expedite deliveries, but not returns (because it is cheaper to ship slowly and customers are not looking for expedited return shipping). Procurement costs. There is also the question of ethical procurement and purchasing to consider. . Ethical Procurement and Corporate Responsibility.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? SMEs find it hard to identify and engage suitable logistics partners. Logistics providers, in general, are slow to respond to the needs of SMEs.

Podcast: Susie Bodnar on the CSCMP and the New Directional Shifts in Supply Chain

Requis

She is a 15-year logistics veteran, educator, consultant, and an active volunteer with the Council of Supply Chain Management Professionals (CSCMP). This shows how logistics had adapted to the new conditions in a very short time. It’s not just about procurement or warehousing, we go all the way to reverse logistics. When I started, that visibility was a phone call— ‘where is my container ship?’ Logistics Supply Chain Next Podcast

The Top 10 Transportation Management Systems

The Logistics of Logistics

Oracle, the world’s third-largest software maker by revenue, has spent over eight years refining its logistics and transportation software and now offers the most extensive supply chain suite in the market. Oracle’s “Transportation Management” app provides an opportunity for shippers and third party logistics companies to execute all supply stages in every transportation medium. Appian Logistics Software Suite. The Top 10 Transportation Management Systems.

Back to Supply Chain Basics: Selling and Servicing Inventory

DSI

In today’s commoditized marketplace, customers have many choices of where they can procure product. Shipping options. With that information in hand, companies can track inventory status in the reverse logistics cycle. Additionally, the DSCP streamlines the reverse logistics process. I started this series based on a paraphrase from the movie “Bull Durham.” In one scene, the coach told his players they were making the game of baseball too complicated.

Innovate or Die: How’s Your eCommerce Strategy?

FLEXE

Your logistics could mean the difference between life and death. In this article, we explore how eCommerce retailers can strengthen the backbone of the business—logistics—and leverage new, collaborative technologies to increase sales, improve customer retention, and decrease shopping cart abandonment. In eCommerce, logistics can make or break your business. That means, nearly 61 out of 100 shoppers on your site will go elsewhere if shipping costs are too high.

Warehousing, the Rise of IT, Automation, and Now… Robotics

Logistics Bureau

Affected by changes in production, procurement and distribution methods, warehousing has continually been pushed and pulled in different directions. Logistics services provider TNT runs a large distribution hub in Belgium. Warehouse inventory levels can be automatically taken into account by ERP and procurement systems, while sales and CRM systems can query the WMS in order to confirm orders placed by customers and run sales promotions.

The Agile Supply Chain! Why Agility is Trumping Lean!

Supply Chain Game Changer

This does not even consider how many deliveries may not have been fulfilled, such as delays in shipping processes, customization, or errors in order picking processes. By making a supply chain able to respond to such issues immediately, supply chain entities can successfully navigate the turmoil that may arrive and present itself throughout the course of manufacturing, shipping, and the reverse logistics supply chain. Subscribe Here! Email Address.

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Food Waste and World Hunger – The Food Supply Chain is Broken! (Videos)

Supply Chain Game Changer

And problems in harvesting, quality standards, storage, shipping costs, and handling all create food waste. Better Supply-Demand planning, Quality management, transportation lead time reduction, distribution network optimization, cycle time reduction, better handling, more effective storage, real time order management, and reverse logistics improvement are all within the purvey of Supply Chain. Subscribe Here! Email Address. Check out The Baby Supply Chain!

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50 expert warehouse optimization tips and techniques

6 River Systems

Where is your picking operation located with respect to shipping and product storage? Products with tight shipping deadlines or time constraints should also be stacked in this manner, thereby streamlining movement and overall travel time even more.” That’s not just in the storage area; it holds true for receiving, shipping and all other process areas. Partner with several shipping providers to provide your customers with shipping options.

Subscription Box Retail: Match Supply with Growing Demand

FLEXE

In this article, we explore why subscription boxes are so successful and how logistics and pop-up fulfillment services can further that success by increasing delivery coverage and decreasing shipping costs. With an outsourced, on-demand distribution network, subscription box retailers can save money on logistics and invest more time and money into marketing, customer engagement, and quality of products and packaging. Shipping times vary depending on member sign-up.

Freight Industry Insights – FreightPOP Interviews Mike Mortson

Supply Chain Game Changer

We recently interviewed Mike Mortson, founder of Supply Chain Game Changer, about the trends he sees in shipping and freight. Mike is an industrial engineer with an extensive background in all facets of leadership, from supply chain management, procurement, manufacturing, ops, and I.T., to global operations, distribution, logistics, reverse logistics, and commodity management. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

The Top Logistics and Supply Chain Journalists & Thought Leaders to Know for 2020

Shipchain

That’s why we’ve created this list of the top logistics and supply chain journalists and thought leaders that we follow and suggest you check out in 2020. . Top Logistics & Supply Chain Journalists & Thought Leaders We Follow. David “Dave” Blanchard is the Senior Director of Content at EHS Today and Material Handling and Logistics. Steve Banker is the Vice president of Supply Chain Management at ARC Advisory Group and co-author of Logistics Viewpoints.