Logistics Bureau

APRIL 19, 2021

If you’ve never done a benchmarking exercise before, read on. It would, of course, be what the winning time was when this race was last run in your district. This exercise would involve you measuring particular functions or aspects of your business and comparing that against other parts of your business. Informal Benchmarking.

Supply Chains 76

Supply Chains Exercises Picking Video 76

Logistics Bureau

MARCH 3, 2019

Of course, it would be possible to write an entire book on this particular subject, so for the sake of keeping this article relatively brief, I’ll stick to a short explanation of crucial factors to consider when planning a warehouse network (even if it is a network of one). What levels of inventory availability do you require?

Supply Chain Design Software 103

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Scenario Planning 103

Logistics Bureau

SEPTEMBER 4, 2023

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. Supply/Inventory Management Inventory management problems and supplier relationship issues , too, can creep in over time and eat away at your profit margins. Are Your Profit Margins Declining?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Cost Reduction Analysis 98

Logistics Bureau

OCTOBER 1, 2024

Optimizing Inventory Management So what are some of the causes for warehouses getting clogged up like this? Well, a lot of it is related to inventory management. If we look at the right hand layout, which is after going through a slotting exercise, you can see how all of the faster movers are now down towards the dispatch area.

Capacity 75

Capacity How To Sorting Purchasing Skills 75

Logistics Bureau

DECEMBER 19, 2022

Of course, as this is an ultimate guide to product slotting, it would only be fitting to leave you with a statement about the cost benefits if it includes an explanation of how they come about. It also stands to reason that when you undertake a slotting exercise, you should think about it from the perspective of these activities.

Production 98

Production Inventory Reduction Cost Reduction Resource Reduction 98

Logistics Bureau

OCTOBER 2, 2016

If your supply chain network design has not been under the microscope, and you care about business success, it’s probably time to consider the benefits of a design review and optimisation exercise. Inventory shortages. Inventory and storage costs. Inadequate inventory management. Long delivery lead times.

Supply Chain Design Software 99

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 99

Logistics Bureau

JULY 18, 2022

Inventory levels. The added benefit of working with such a partner is that because they collect performance data from hundreds of companies, they can help you choose the most appropriate key performance indicators to use in your benchmarking exercise. Inventory optimization software. Vendor-managed inventory or replenishment.

Inventory Reduction 98

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 98

Logistics Bureau

APRIL 15, 2016

The purpose of a warehouse is to provide storage of products to meet customer demands and inventory allows the decoupling of demand and supply. Often this inventory is used to smooth out the supply chain from disruptions (whatever they might be). All of these symptoms potentially are a sign that a slotting exercise is overdue.

Waste Reduction 73

Waste Reduction Supply Chain Planning Software Cost Reduction Inventory Reduction 73

Logistics Bureau

MAY 24, 2019

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. The only option was to try to reduce levels of inventory, which, up to that point, had been kept very high to support a nine-week order cycle.

Cost Reduction 77

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 77

GlobalTranz

OCTOBER 30, 2015

Twelve months can seem like a long time when you consider everything that happened over the course of the last 365 days. Examining what went right and identifying areas for growth and opportunity are powerful exercises that both prevent the recurrence of negative behaviors and reinforce our commitment to priorities.

Supply Chain Planning Software 92

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Supply Chain Design 92

Logistics Bureau

APRIL 3, 2023

But, of course, what those circumstances are is for you to decide. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs. Improve Inventory Management Will your logistics outsourcing strategy include contract warehousing?

Outsourcing 98

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 98

Logistics Bureau

AUGUST 1, 2022

The need for any S&OP process to have an executive sponsor who actively participates in the process, albeit only by exercising final approval over plans and, of course, making any decisions that call for executive authority, cannot be overstated. S&OP is ostensibly a numbers game, of course. Inventory turns.

Supply Chain Planning Software 98

Supply Chain Planning Software Scenario Planning Operations Supply Chain Design Software 98

GlobalTranz

APRIL 6, 2021

The demand caught off-guard those retailers and suppliers who relied on just-in-time inventory practices. Of course, toilet paper and paper towels were in short supply as well. More consumers purchased bigger, bulkier items – furniture, exercise equipment, etc. Manufacturing and supply chains couldn’t ramp up fast enough.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Manufacturing Procurement 75

Logistics Bureau

MAY 31, 2021

Unless your company has already invested in the processes and technology to support the addition of online retail logistics to your channel strategy, attaining a single view of your inventory and customers could prove difficult. You will probably find, from your initial analysis, that your cost-to-serve follows the 80/20 rule.

Cost Reduction 98

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 98

Logistics Bureau

AUGUST 2, 2021

By shortening supplier lead time, you might find opportunities to reduce safety stock levels and gain other inventory management wins for your organisation. Of course, the consequences, and their seriousness, will depend on the criticality of the product, but availability challenges are never desirable.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Logistics Bureau

MARCH 30, 2020

Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. Form a series of joint agreements to monitor lead times and inventory levels. Typically it involves carrying extra inventory and hiring more workers than absolutely necessary. 5) Measure the Risks Using Latest Technology.

Supply Chain Design Software 64

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 64

Logistics Bureau

JANUARY 25, 2017

Of course, generally, you should not expect to get more out of networking than what you put into it. Note that even if entry-level positions are often specialised, this should not stop you from building up your personal inventory of transferable supply chain skills. Supply Chain Skills and Roles. Should you accept?

Negotiating Skills 75

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 75

Logistics Bureau

NOVEMBER 6, 2023

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. A warehouse benchmarking exercise is an excellent way to start the quest for improvement opportunities.

Cost Reduction 98

Cost Reduction Purchasing Skills Waste Reduction Material Savings 98

Logistics Bureau

FEBRUARY 1, 2025

Perhaps the most valuable IT solutions for competitive fashion retailing are enterprise resource planning (ERP) and product lifecycle management (PLM), along with the use of radio frequency identification (RFID) to feed real-time inventory data to these systems.

Supply Chain Design Software 75

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 75

Globalior

MARCH 12, 2020

The move is meant to force traders to exercise greater due diligence in classifying imported products correctly under a more specific description instead of an “Others” description, which is generally regarded as a residual classification category. What should India’s Importers expect? What should companies do in the meantime?

Exercises 52

Exercises Government Cost Reduction Inventory Reduction 52

Conger

JULY 20, 2020

Of course not. This portion of training must consist of “demonstrations performed by the trainer and practical exercises performed by the trainee” [OSHA standard 1910.178(l)(2)(ii) ]. With lots of options and aggressive marketing for online certification courses, you've probably had this question cross your mind.

How To 63

How To Buyer Training Training Course 63

Logistics Bureau

JULY 21, 2017

While Wal-Mart invested in fleet assets to drive distribution costs down, Kmart persevered with the use of external carriers and did nothing to try and reduce inventory touch-points. Vendor-managed inventory programs. To improve supply chain visibility using real-time inventory monitoring. Supply Chain Technology.

Cost Reduction 68

Cost Reduction Inventory Reduction Price Reduction Vendor Strategies 68

Logistics Bureau

NOVEMBER 14, 2018

It can of course also be used to make an already profitable relationship even more profitable! For example, a CTS analysis may show you that customers ordering directly from you at your factory also generate lower costs in transport and inventory costs. Collecting and Using Cost to Serve Data. This sounds like common sense.

Purchasing Skills 93

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 93

Logistics Bureau

NOVEMBER 30, 2024

If your company doesn’t get this part right, you can experience high labour costs, inventory shrinkage, damage, and supply chain bottlenecks that impact customer service. Inventory Management in the Warehouse Inventory management begins with sourcing and cuts across purchasing and logistics functions.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

Logistics Bureau

AUGUST 21, 2016

That’s not to say that the following signs and symptoms are harbingers of disaster, but they should certainly prompt a distribution network design review, along with a modeling exercise to check if your outbound supply chain is maintaining that all-important balance between cost and service. Too Much Inventory. Click To Tweet.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Design Distribution Networks 40

Logistics Bureau

OCTOBER 31, 2016

If your company doesn’t get this part right, you can experience high labour costs, inventory shrinkage, damage, and supply chain bottlenecks that impact customer service. Inventory Management in the Warehouse. Inventory management begins with sourcing and cuts across purchasing and logistics functions.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 45

FLS Transport

JANUARY 4, 2021

Inventory re-stocking is at the top of the list. Retailer’s inventories were decimated last year by a massive change in consumer buying habits. And while retailers were able to modestly re-stock going into peak, data now shows that they lack adequate inventory. Inventory replenishment will continue well into 2021.

Freight 52

Freight Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 52

Airfreight Logistics

JULY 4, 2019

This includes unloading cargo planes, conducting professional warehousing and inventory management as well as loading the relief goods for onward transportation. DRT will also provide expertise and support for AHA Centre’s courses and exercises related to ASEAN-ERAT (Emergency Response and Assessment Team) and ASEAN Humanitarian Logistics.

Collaboration 28

Collaboration Inventory Reduction Resource Reduction Scenario Planning 28

Logistics Manager

JULY 4, 2019

This includes unloading cargo planes, conducting professional warehousing and inventory management as well as loading the relief goods for onward transportation. DRT will also provide expertise and support for AHA Centre’s courses and exercises related to ASEAN-ERAT (Emergency Response and Assessment Team) and ASEAN Humanitarian Logistics.

Collaboration 28

Collaboration Inventory Reduction Resource Reduction Scenario Planning 28

Logistics Bureau

JANUARY 20, 2025

The added benefit of working with such a partner is that because they collect performance data from hundreds of companies, they can help you choose the most appropriate key performance indicators to use in your benchmarking exercise. How will you track inventory as it moves through your supply chain?

Inventory Reduction 40

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 40

Logistics Bureau

DECEMBER 18, 2017

Selecting the right 3PL is no simple exercise, yet it’s one that’s all too often subject to shortcuts, a dearth of detail, and overly compressed timelines. Let’s take inventory management as an example. In many cases, we need only look at the very first steps in the partnering process to spot the first signs of rot.

3PL 45

3PL Outsourcing Supply Chain Design Scenario Planning 45

Logistics Bureau

JANUARY 30, 2017

Strange as it may seem, many business leaders don’t have the answers to these questions , because they’ve never conducted an exercise to understand the costs involved with supplying their customers. Increases in obsolete and/or excess inventory. Do you supply certain products to certain customers at a loss?

Supply Chain Design Software 67

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 67

The Logistics Academy

FEBRUARY 13, 2017

Darren Prokop, University of Alaska Anchorage (UAA): As in the academic world in general, there is a trend to online course delivery. On the more traditional side, evaluating where and how to position inventory to serve both online and brick-and-mortar retail customers is a big logistics issue. What can be measured can be managed.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 40

Logistics Bureau

JULY 27, 2016

However based on observations made in the course of our consulting work, many organisations perceive it as a purely remedial or punitive exercise. This in turn makes it easier to strengthen inventory management, cycle time optimisation and other elements of your supply chain.

Vendor Strategies 40

Vendor Strategies Resource Reduction Waste Reduction Inventory Reduction 40

Logistics Business Magazine

AUGUST 7, 2019

Shipping company, Shapiro, describes how Shipment Tracking Systems benefit customers whilst also saving costs, and the Internet of Things and Radio Frequency Identification can help with the seamless tracking of inventories more quickly and accurately than has been possible in the past.

Modeling Software 28

Modeling Software Logistics Network Optimization Software Operations Supply Chain Software 28

Logistics Bureau

DECEMBER 28, 2024

For enterprises that run their own fleets, merely dealing with the complexity of transport networks, contractors, inventories, industrial unions and cost control is tough enough, so achieving 98% on time performance is for many, just a dream. It must be a joint exercise. Note that the assessment deals with risk. This is a mistake.

Outsourcing 52

Outsourcing Inventory Reduction Cost Reduction Price Reduction 52

Logistics Bureau

SEPTEMBER 26, 2017

It doesn’t take too much imagination to see how these acquisitions also increase the market control exercised by the companies concerned. Of course it can be if it’s done for the right reasons —and done right. Of course that’s not to say that vertical supply chain integration is always a bad idea.

Supply Chain Planning Software 45

Supply Chain Planning Software Supply Chain Software Material Savings Supply Chains 45