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
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.
If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.
At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.
As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. Yesterday we published the top 10 most read manufacturing articles of 2015. . Top 10 Supply Chain Articles from 2015. Read the full article here. .
In this article, I will redress the balance by exploring outsourcing from a more holistic perspective, focusing on ways to consider outsourcing partnerships for improvement throughout the supply chain. Outsourcing for Reduced Supply Chain Cost Few business leaders would argue that reducing costs in the supply chain is an improvement.
In past articles we’ve looked at some of the signs that it’s time to change your 3PL, and tips for finding the right fulfillment partner. There are a few different ways to go about the big move, so it’s a matter of choosing the strategy that keeps your sales and fulfillment operations flowing smoothly throughout the transition.
The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. Here, we’re talking about all your vendors. Purchase order cycle time is a KPI that measures the elapsed time between raising a requisition request and the transmission of the purchase order to the vendor.
The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. 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. Customer behaviour.
This article is from Natalie Walkley, Director of Product Marketing OMS at Koerber. Omnichannel is a centralized strategy that enables businesses to coordinate, streamline, simplify and speed up fulfillment of orders that have been placed through different channels (online, retail, etc.). Click HERE to read the full article.
Of course, it is helpful to have some statistics on hand to validate the statement above. 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. What’s wrong with this picture?
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. There are several possible ways to eliminate this form of energy wastage.
Standardise and Digitise The key to managing complexity, of course, is to be organised. You’re ordering more stock than you need so you can meet vendor minimum order quantities. The ecommerce logistics practitioner must instead integrate reverse logistics into his or her company’s inventory management strategies and processes.
Supply chain vendors have been touting their investments in artificial intelligence (AI) for the last several years. In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. An example of an unexpected occurrence would be a critical piece of machinery breaking down.
These are but extensions of the idea to maximize omni- channel strategies by putting the customer at the heart of the supply chain. . 5 Strategies to Personalize Your Web Experience to Put the Customer Focus at the Heart of the Omni-Channel Supply Chain. Advanced Content. Services Personalization.
As youll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, weve discovered that many companies lack a defined and documented supply chain strategy. A company without a supply chain strategy is at a competitive disadvantage.
Software vendors built empires on the idea of a single platform that could deliver absolute savings for a set of processes that improved only one aspect of the supply chain, such as management of orders, but not for shipments or vice versa. Yet the idea of collaboration in supply chain systems is at risk.
Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Amazon did not invent the random storage approach. Book your free consultation.
Those are the precise questions we’ve set out to answer in this article. Before we look at the barriers to optimal inventory and the possible ways to eliminate or overcome them, let’s be clear on what inventory optimisation means—because misconceptions do abound. Reduce Lead Time to Aid Inventory Optimisation.
All of the headlines leading up to Christmas were about how retailers and parcel carriers were struggling to keep up with the record amount of online orders and deliveries for the holidays (see WSJ article UPS, Overwhelmed by Online Orders, Warns of Delivery Delays and Reuters article Surging online orders slow Wal-Mart delivery network ).
Of course, the criticality of such elements is the same now as it always was. Those withstanding the supply chain turmoil were the ones with solid risk mitigation strategies and playbooks in place and investment already sunk into supply chain resilience. Prudent implementation of buffer inventories and process-redundancy measures.
Of course this stage of planning can become pretty complex, and it will often pay to seek advice from equipment suppliers or even engage a consulting firm to help you develop your storage strategy. Identify Bottlenecks : Pinpoint areas where operations slow down or become inefficient, and develop strategies to address these issues.
In this article, I propose to have a look at several logistic skills that, besides the specific knowledge in this area, will help to maximize the logistics effectiveness. Sugar-coated reports, part-truth about certain capabilities or consolidation of vendors to bypass regulations may integrate with the company’s culture.
So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes.
It’s also the time when I start to think about sharing my thoughts on trends for the coming year , but of course, stop short of trying to make predictions. Ask questions later” approach to multi-channel and omnichannel strategies in their haste to avoid losing sales to ecommerce giants like Amazon.
Of course, there is one more essential requisite for any supply chain project to commence—a budget. However, to eliminate, or at least significantly reduce, the likelihood of scope creep setting in, you need next to focus directly on that element of the project. Step 6: List Project Deliverables.
This article provides an inside look at today’s fresh supply chains around the world, and at how smart producers and retailers meet cool-chain challenges , especially as those chains increasingly span global distances and competitive markets expand. This is nothing new of course. Things You Need For Fresh Supply Chain Success.
In my various articles covering the topic of cost-to-serve, Ive often mentioned the importance of segregating customers into tiers, with the gold standard of service reserved for the most profitable customers, and progressively lower levels for those in the middle and the bottom echelons of profitability.
In addition to satisfying conscientious consumer demand, eco-friendly efforts can benefit your ecommerce business by reducing waste within your company and improving operational efficiencies. Translation: these ecommerce businesses have operating standards that minimize or reduce negative impact on the planet.
In this article, we’ll take a closer look at the outsourcing model and the ways it can drive efficiency in your inbound logistics supply chain. Reduce your inventory and speed up the cash cycle. By reducing time buyers spend with non-strategic suppliers, you’ll free them up to work on more important, larger contracts.
Now before you write off my statements as something you already knew, here’s a fact you might not be so familiar with: For your last mile services to compete successfully, you need to ensure that your entire supply chain (or at least the parts you can reasonably control) is set up to support a winning last-mile strategy.
Of course Unilever also recognises the sustainability impacts of its internal supply chain activities. Is sustainability a viable growth strategy for fast-moving-consumer-goods brands? Of course this wouldn’t be possible without some kind of system, and McDonalds has that honed to a fine art too.
There are, of course, some other important differences between the two types of providers: 4PL is, in general, better suited for medium-to-large businesses , while 3PL is more suited to small-to-medium businesses. It has a video which walks vendors step-by-step through the fulfilment process. Coles Collect.
You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. If university study is a little beyond you right now, one of the certification courses might work better for you.
In this article, we’ll take a closer look at drop trailers, as well as some additional efficiency-boosting transportation services that 3PL providers can offer. This strategy mitigates two major problems in the current supply chain. This enables your operation to run quickly and eliminate down time. What is a drop trailer?
Of course, there is no quick and easy way to curb increases in the cost of energy, but now is an excellent time to start thinking about practical ways to reduce energy usage across your business. We hope the tips and ideas in this article will help you make inroads into warehouse energy labour cost reduction.
Of course this stage of planning can become pretty complex, and it will often pay to seek advice from equipment suppliers or even engage a consulting firm to help you develop your storage strategy. It will pay to make use of digital design and modeling software to help you arrive at an optimal warehouse layout and strategy.
Perhaps even more surprisingly, efforts to reduce healthcare supply chain costs were slow to gain momentum, at least compared with the inroads made in other industries. Vendor-managed Inventory. A dramatic reduction in stock-outs. Elimination of manual expiry date checks in pharmaceutical stores.
This article will cover some five tips that you can use to write an effective transportation management plan: 1. Only those people who have duly completed the advanced traffic management course or its equivalent should write it. Identify the Authority Concerned The transportation management plan is a document that bears a legal face.
Many Global Trade Compliance professionals complain that there are insufficient certifications and courses available that are relevant to the industry. A unifying standard and certification will go a long way towards reducing barriers that prevent compliance professionals from switching between industries. Transport vendor management.
This article delves into the intricacies of the ‘Out for Delivery’ status, its impact on various aspects of retail operations, and how technology can aid in efficient delivery management. Timely and accurate notifications can enhance customer satisfaction and reduce the volume of customer service inquiries regarding order status.
We’re in the midst of a shift in how work gets done within a business,” says Arun Srinivasan, senior vice president of strategy and customer operations with SAP Fieldglass , a provider of vendor-management systems (VMS) software. At the start, Srinivasan says, the move was driven by the need to cut labor costs.
Of course we’re talking about your ecommerce store’s data security. In this article we’ll discuss why multilayered ecommerce cybersecurity is important, the types of protection available, the main threats to your ecommerce store, and what ShipMonk does to protect your brand from them.
In my various articles covering the topic of cost-to-serve, I’ve often mentioned the importance of segregating customers into tiers, with the gold standard of service reserved for the most profitable customers, and progressively lower levels for those in the middle and the bottom echelons of profitability.
The answer is to benchmark your freight, of course. At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now.
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