This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Simply defined, reverse logistics generally refers to the process of managing the flow of goods, products, or materials from the customer back to the seller or manufacturer. In a manufacturing plant, reverse logistics performance is tied to the money or materials that can be recovered cost-effectively from the returned product.
As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. Complete one-on-one meetings.
Supply chain policies and configurations are tested and leverage reinforcement learning to yield the best possible strategies. By understanding the behavior of the supply chain under diverse conditions, companies can develop strategies that enhance flexibility and responsiveness.
Situation Companies are increasingly confronted with complex planning scenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.
If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reduce costs or improve service, this post should prove well worth the few minutes it will take you to read it. What Can You Outsource, and What Should You Outsource?
Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. Again, these are changes that can add to your cost-to-serve, and, during your transition, you might not have had time to look for ways to reduce expenditure.
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
Supply chain strategy is critical to business success, but is often underestimated in its importance and hence receives less strategic attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. Is Our Warehouse Lighting Energy Efficient? Are We Lighting Our Warehouse Spaces Unnecessarily?
When China shut down operations in a bid to contain Covid-19, supply chains ran out of material. To help consolidate loads and reduce costs of shipping, new and bigger container ships capable of carrying 18,000 containers are being built – the size of these container ships has doubled in the last 15 years.
Large shippers can save millions of dollars annually if they obtain and act on this data. Transportation spending is a perennial target of budget-cutting exercises, and a large, multi-faceted cost center for many companies; some may spend three to six percent of their materials costs on transportation. Invest in Technology.
That factory also aims to rapidly process the raw materials into product. An RFP is a data intensive exercise. This made the data analysis easier. This made the data analysis “painful.” Simmons always does an ROI analysis prior to purchasing a solution. Then the clock starts ticking again.” We’d rather not do that.
In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs.
The new supply chain remedy born during the 1970s and 80s and refined over the years as globalization has materialized. This loss of focus can result in under performance and revenue reduction. Many companies struggle with the vexing question; is outsourcing warehousing the right strategy for me? How have the coped? Outsourcing.
However, you must exercise caution to make sure you do not damage your vendor-shipper relationship. Monitoring shipping processes for inefficiencies rests at the core of data collection and analysis. Cleaned data refers to data that has been processed by a computer to eliminate erroneous material. Metrics and KPIs.
In a manufacturing plant, reverse logistics performance is tied to the money or materials that can be recovered cost-effectively from the returned product. A plan is necessary, possibly based on one of the following strategies. Reverse Logistics Strategy 1: Don’t do it! Reverse Logistics Strategy 2: Make it Painless.
A big part of what companies need to do when building a future strategy is to look out into the future and say, “These are the things that we think we want to do and be five years from now”. Having a platform where suppliers can see the demand and can update their commits will reduce surprises and improve service levels.
You must have enough links properly connected to each other in your supply chain to deliver what your customer wants , starting from the raw materials at the other end. Risk Assessment and Business Impact Analysis. Making the business impact analysis is the next step. Lean supply chains reduce waste and increase profit.
to the complex exercise of pricing. Among its greatest strengths is the ability to monitor variations in raw-material costs, driven by economic cycles, changes in supplier stability, and tax policies, to name but a few relevant factors. of course, has the potential to affect multiple stages and functions of the supply chain.
We conducted a thorough analysis of these concerns & compared results in different geographies. Analysis showed that around 70-80% of issues faced in support could be classified or could be attributed to incorrect Master Data Maintenance & triggered a thought process of "Importance of Proactive Master Data Maintenance".
In order to import medical devices in the higher risk classes, you can expect to be required to produce documents such as certificates of conformance, certificates of analysis, Free Sale certificates, US FDA certificates (if sourced from US) and/or item catalogues or brochures. These are also usually highly flammable materials.
Turning on your business know-how is important too, because you need careful analysis and critical thinking to make the best of existing opportunities. Your business plan includes a go-to-strategy and the more you invest in figuring out the specifics and researching the market, the better you will be prepared to meet its challenges.
Photo: WFP Photo Library Cost-benefit analysis studies carried out by WFP and partners have shown that every dollar invested in school feeding programmes can yield up to 10 dollars in improved health, education and productivity. WFP currently provides capacity development support to the country’s School Meals and Nutrition Strategy 2017–2022.
Warehouse safety includes the regulatory guidelines, actions, and best practices that help reduce injuries, provide workers with a safe environment, and reinforce safe behavior. Specific aspects of warehouse safety include: Material handling equipment operation and maintenance. Reduced spending on warehouse safety training programs.
Sysco indicated that over three to four years, it expected annual cost savings of at least $600 million from improved logistics, supply chain and associated efficiencies. Vertical and horizontal collaboration can also be mixed, as in business agreements between multiple shippers and carriers to reduce overall movement of empty trucks.
Sysco indicated that over three to four years, it expected annual cost savings of at least $600 million from improved logistics, supply chain and associated efficiencies. Vertical and horizontal collaboration can also be mixed, as in business agreements between multiple shippers and carriers to reduce overall movement of empty trucks.
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy In 2014, a survey by Tompkins Consortium delivered a shocking revelation.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content