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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.
Employees pose the greatest risk for committing supply chain fraud at 22.9%, vendors post 17.4%, and third-party entities represent 20.1%. Traceability Reduces Fraud and Counterfeiting. The opportunity to reduce fraud in logistics and supply chain management will require a diverse population within the blockchain.
And I had some specific thoughts on how they could fix the problem. Please follow along with me as I share the stories and solutions in part 1 of this two part blog series. Whether retail or warehousing, that opportunity cost can add up, especially if someone finds and buys from a new vendor. What’s the Actual Cost of a Mispick?
The ability to reduce inventory levels is only one of a number of reasons to target cycle times as a way to reduce your working capital needs. The key cycles to target for working capital reduction include: The customer order cycle time. Areas in Which to Target Cycle Time Reductions. Supplier lead times.
Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Preparing your supply chain for resiliency begins with risk management and a proactive strategy. It’s vital to identify and protect critical vendors and partners that could be unwitting attack vectors.
This blog will delve into the current state of driver availability, its causes, consequences, strategies for mitigating the challenge, and future outlooks and long-term solutions. While essential for safety, these regulations reduce the number of active driving hours, necessitating more drivers to meet delivery demands.
However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. This is comparable to the Holy Trinity of Manufacturing and Shipping discussed earlier this year in previous blog posts. Use External Benchmarking Tools. Increase Lead Time for Carriers Wherever Possible.
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. We hope you do!
There are a lot of moving parts in a transition of this magnitude, but we find that our clients’ biggest concerns are about the actual, physical move—how to get their inventory out of its current (and potentially hostile) warehouse and set up in a new facility with the least amount of disruption to their business. Taking the Plunge.
We recently published , a blog post about how Parade is different from other capacity management vendors, but then we realized there were even more unique features that Parade offers their customers. Parade shows their customers exactly how we’re performing. You read that right.
Our discussion spanned various critical areas, including the distinguishing features of these commodities, the impact of global supply chain dynamics, and the essential strategies for managing risks and operational challenges. Given these challenges, what strategies do you recommend for managing risks associated with shelf-stable commodities?
ERP vendors and customers still need the expertise of Value-Added-Resellers (VARs) and other channel partners , but these partners will need to adapt to this uptake in cloud models. With cloud, forward-looking partners are going far beyond merely implementing a vendor’s software.
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.
There is a lot of controversy around the topic of reopening the US economy and how to handle the pandemic further. Many small businesses were affected by the pandemic and are now worrying about how they can reopen most effectively and safely. How will small businesses reopen? Renewing relationships.
One of the possible solutions to cut unnecessary costs is to look into your inbound freight shipping strategy. Many companies decide to let vendors and suppliers manage inbound loads on their own. The first step to cut costs on inbound shipments is taking control over the freight management process.
So, knowing more about order fulfillment, its importance, process, and strategies is critical. With an efficient order fulfillment process, businesses can reduce their shipping costs and improve their turnaround times which helps them increase their sales and revenue. How many orders am I currently shipping? Let’s fill in!
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.
Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.
What’s in this article: How to gain sustainability through digitalization and technology. This is critical as shippers committed to sustainability tend to have a better brand image with vendors and customers. To reduce the environmental footprint and costs, shippers need to adopt a sustainable reverse logistics method. .
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.
Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. There were approximately 220 blog posts in 2017, and over 360,000 page views on those posts alone. Share This: Read More.
It may seem like a fundamental change, but digitization has enabled the elimination of paper archives as well as countless sheets, folders and files. Digital transformation: a strategy. Each transformation will be unique to achieve specific goals while making digital changes to processes, operations, business models and strategies.
The dilemma here often is: do I take the path of least resistance and upgrade to my current vendor’s costly new package, or do I risk running my business on a legacy solution a bit longer? Sometimes it seems like you don’t have a real alternative, other than what your current vendor is offering. – Tweet this.
That’s why your holiday shipping strategy should be well-thought-out and organized. How to win over a Christmas shipping season? The more you will remind your customers about your deadlines, the higher the chance to reduce last-minute orders. Want to get more insight into how to survive holiday shipping?
A successful ERP implementation sets the company up for streamlining and improving existing operations, reducing costs and growing the bottom line, but even the best ERP solution will fail if it’s not properly implemented. The post Building the right team for ERP implementation appeared first on SYSPRO Blog.
What you really need to understand and be able to communicate to management is where you should be and how to get there. Now, let’s look at how to get there. Therefore, it’s critical to use these tools within the context of a well-developed strategy. Vendor Portals to facilitate control and visibility of inbound freight.
Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. And don’t be afraid to ask their advice on how to start out in the industry. They will accept or reject products, recording the reasons for the decision and making suggestions on how to streamline the process. Marketing Yourself.
In this way, manufacturing costs can be reduced and the quality of service improved. The ability to easily integrate external partners into the ERP system using tools such as vendor and customer portals helps to avoid complex, error-prone synchronizations.
It can help you create a standard pricing procedure for moving your items, eliminating the need to dig into every shipment’s organization. How to choose a suitable freight pricing type? It primarily depends on the popularity of your products which identifies how frequently and how much you ship.
This is now forcing organizations to consider how to limit their exposure to emerging threats and retain control over their technology assets. Organizations will have to grapple with it and be prepared to adapt their strategies as sovereignty and data protection initiatives grow in different countries. Where is our data stored?
It’s great to ‘talk’ about increasing Return on Investment (ROI), reducing time-spend, stress, and operational inefficiency, but until people experience it for themselves, the message won’t stick. People haven’t viscerally experienced the benefits of digitization. The benefits of technology exceed their imagination. People feel supported.
It’s great to ‘talk’ about increasing Return on Investment (ROI), reducing time-spend, stress, and operational inefficiency, but until people experience it for themselves, the message won’t stick. People haven’t viscerally experienced the benefits of digitization. The benefits of technology exceed their imagination. People feel supported.
It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders.
This is solved through best practices, efficient and proven strategy, proper measurement of your tools and people, and the use of effective technology which doesn't add bloat, but is an enablement tool to provide a tangible Return on Investment in the way of reduced time and costs. . Revise your labor scheduling strategy.
Overused and misunderstood in blog posts and informative articles, “big data” describes the use of data to improve your operation, which includes shipping, warehousing, and supply chain processes. Furthermore, such methodology can be applied to vendor relationships. Shipping processes revolve around a million-trucks-worth of data.
In this blog post, I’ll summarize some key learnings I drew from the event and share some insights on Demand Driven supply chains and the industry’s technology landscape. . Expectations from technology vendors . It was a pleasure to attend this month’s Supply Chain Insights Summit in Philadelphia.
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? In other words, it will be different for every enterprise or organisation.
With the added pressure to lower costs to end-users, your customers, it’s no surprise that the need for increased scrutiny and cost reductions among inbound logistics partners, your vendors, has gone rogue. Vendors need access to stringent, high-quality instructions for how to bring shipments to you.
But installing new technology and benefiting from it often starts with engaging, training, and supporting people— your success with adopting technology is going to be synonymous with how well you work with your people. So, when transitioning, you need: Clearly defined strategy and implementation plan that the leadership team is aligned with.
We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. In this “The Freight Project Podcast” episode you’ll hear : Why having a logistics partner that is dependable is important and what are some metrics we use at Cerasis to make sure we provide that true partnership to our shippers & their vendors.
This wouldn’t be an ecommerce blog if we didn’t talk about Amazon. When your brand is ready for this, keep us in mind, because we have the expertise and know-how to maintain your fulfillment metrics and help you scale with SFP fulfillment. How Does FBA Work? Receiving Guidelines set by the fulfillment center or 3PL.
Organizations with budget constraints aren’t ready to buy a system from a reputed third-party vendor and turn to open-source systems that are infected with malware as these systems are open to the public. Now the capability of the system depends on the vendor or if it is a custom-built solution, it’s on the in-house teams.
Out for Delivery – How to Adhere to timelines? Timely and accurate notifications can enhance customer satisfaction and reduce the volume of customer service inquiries regarding order status. Partnering with vendors that provide add on mobile applications as part of the delivery solution would be ideal for drivers and companies.
We hope you continue to enjoy our blog posts as we are now proud to announce over 20,000 blog subscribers and over 100,000 monthly visits! . We hope you have been able to learn a few things from the 232 blogs published in 2015. Without further ado, here are the top 10 supply chain articles by most read from the Cerasis blog: 10.
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