Logistics Bureau

JULY 18, 2022

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.

Inventory Reduction 98

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 98

GlobalTranz

FEBRUARY 25, 2021

How often do you think about your retail reverse logistics strategy? Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins. The Benefits of a Data-Driven Retail Reverse Logistics Strategy.

Expense Reduction 101

Expense Reduction Inventory Reduction Reverse logistics Strategy 101

Log-hub

JANUARY 8, 2025

Thats why its more important than ever to focus on strategies that work and make them part of your plan moving forward. Lets explore the key strategies that can keep your business ahead of the competition in 2025. Look into tools that help with inventory management or consider robotic process automation (RPA) for repetitive tasks.

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Inventory Reduction Resource Reduction 40

EazyStock

JANUARY 27, 2021

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. Amazon has introduced 200,000+ robots moving inventory within fulfillment centers around the US, creating a more efficient supply chain.

Supply Chain Software 96

Supply Chain Software Supply Chain Planning Software Inventory Reduction Inventory 96

GlobalTranz

SEPTEMBER 1, 2017

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. This will help to prevent the reordering of slow-moving products and ensure optimum inventory levels.

Inventory Reduction 89

Inventory Reduction Inventory Efficiency Vendor Strategies 89

Logistics Bureau

DECEMBER 4, 2023

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.

Inventory Reduction 75

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 75

Ship Monk

MAY 5, 2022

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.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction 3PL 52

Logistics Bureau

DECEMBER 22, 2024

For this reason, KPIs are essential for any business improvement strategy. Of course, the big challenge in this type of external benchmarking is obtaining the necessary data, since many companies are wary of sharing performance data with potential competitors.

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

Logistics Business Magazine

NOVEMBER 13, 2024

This will involve diversifying supplier bases, increasing inventory buffers, and leveraging digital twins to simulate and prepare for various scenarios. “Businesses that scenario plan effectively will stay the course. “Furthermore, the continued rise of e-commerce will inevitably shape logistics strategies.

Inventory Reduction 49

Inventory Reduction Waste Reduction Sourcing Strategies Cost Reduction 49

Logistics Bureau

DECEMBER 6, 2024

This process involves handling returns, which can be due to various reasons, such as damage, defects, seasonal inventory, restock, salvage, recalls, or excess inventory. They may recall inventory from retailers or reprocess it because it has passed its sell-by date or demand is insufficient. Persuade the customer otherwise.

Reverse logistics 74

Reverse logistics Cost Reduction Vendor Strategies Inventory Reduction 74

ShipLilly

JUNE 28, 2021

Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations. Having a centralized location for data processing can help to handle returns cheaply and liquidate any inventory that is left behind. Return and Repair Policy Framework.

Vendor Strategies 98

Vendor Strategies Cost Reduction Expense Reduction Inventory Reduction 98

Logistics Viewpoints

FEBRUARY 28, 2023

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.). It is making use of inventory that is the easiest/fastest to get to the customer, no matter through which channel the order was placed.

Optimal Sourcing 111

Optimal Sourcing Inventory Reduction Sourcing Strategies Vendor Strategies 111

GlobalTranz

MAY 4, 2018

The wrong retail inventory management strategy increases carrying costs and makes it impossible to stay competitive. The Problem: Omnichannel Retail Carries an Extreme Level of Interdependence Between Systems and Processes As explained by Entrepreneurer.com , the fastest-moving products account for only 20% of inventory.

Inventory Reduction 65

Inventory Reduction Supply Chain Design Software Tips Inventory 65

Logistics Bureau

JULY 21, 2017

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.

Cost Reduction 68

Cost Reduction Inventory Reduction Price Reduction Vendor Strategies 68

3PL Links

JANUARY 31, 2023

7 Best Tips for Inventory Management To Avoid Losses | Image source: AR Racking Inventory management is likely the most crucial success component if you sell products through an online store. As a result of only investing in an expensive marketing strategy, you immediately miss the point. In a nutshell, a situation to avoid.

Inventory Reduction 62

Inventory Reduction Inventory Tips Expense Reduction 62

Ship Monk

MAY 25, 2023

What do we mean by distributed inventory? Well, if you’re familiar with Amazon’s practice of adding warehouses all over the country, then you’re familiar with the concept of distributed inventory. Splitting inventory across multiple warehouses used to be something that only huge retailers like Amazon could afford.

Inventory Reduction 52

Inventory Reduction Inventory eCommerce Distribution 52

GlobalTranz

JUNE 1, 2015

Lean systems have provided a formidable operating strategy for leaders determined to achieve and maintain optimal operational systems and customer satisfaction levels. “5S” programs are taught in some business college courses, and the SCOR model is also utilized. Holding areas are maintained for excess inventory.

Manufacturing Procurement 133

Manufacturing Procurement Inventory Reduction Waste Reduction Cost Reduction 133

Logistics Bureau

JANUARY 7, 2020

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?

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 111

SYSPRO Smarter ERP

APRIL 25, 2022

In 1984, a university student with limited space and inventory started assembling computers in his university dorm room. This reduces the costs of holding inventory and warehouse space, reduces cash tied up in inventory, and shortens the order-to-cash cycle. There are of course challenges to the ATO mode of production.

Ordering 111

Ordering Inventory Reduction Material Savings Modeling Software 111

ShipLilly

FEBRUARY 8, 2023

Questions about dealing with excess inventory Given what has happened before, it is not entirely surprising that many retailers are contending with elevated levels of excess inventory. This is a trend that is undesirable since excess inventory tends to have a detrimental effect on cash flow.

Inventory Reduction 52

Inventory Reduction Inventory Handling Price Reduction 52

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

Ship Monk

APRIL 30, 2024

Inventory Management There are so many decisions to make when it comes to your ecommerce inventory. How quickly do you need to restock, how should you split your inventory across multiple locations , and of course what kind of inventory ordering system best suits your brand? How much do I order?

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Optimization Software Modeling Software 105

Logistics Viewpoints

OCTOBER 4, 2021

A study by E2open – the 2021 Forecasting and Inventory Benchmark Study: Supply Chain Performance During the Covid-19 Pandemic – provides the answers. The company provides demand and inventory planning solutions based on a public cloud architecture. I look forward to this study every year.

Inventory Reduction 116

Inventory Reduction Supply Chain Planning Software Cost Reduction Supply Chain Design Software 116

Logistics Bureau

OCTOBER 2, 2016

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.

Supply Chain Design Software 99

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

GoShip Blog

MAY 11, 2021

Businesses start stocking up for the upcoming holiday season, there is back-to-school shopping time, and general retailers try to sell out their inventories from the summer season. Check your inventory, make sure all the facilities are set up for the increased sales season, and of course ensure safety for your employees and customers.

Inventory Reduction 89

Inventory Reduction Expense Reduction Price Reduction Freight 89

Parade

MARCH 3, 2021

Freight brokers and 3PLs are exposed to risks on both the buy and sell sides: Depending on the supply chain, the process can involve multiple intermediaries: shipping lines, trucking companies, and charter companies, in addition to insurance firms and, of course, the customer who winds up receiving the goods. Key Features: Basic Auditing.

Supply Chain Software 148

Supply Chain Software Supply Chain Planning Software Resource Reduction Cost Reduction 148

Logistics Viewpoints

SEPTEMBER 6, 2023

Of course, the progress of Amazon Prime over the last decade has leveled the playing field quite a bit. Together, these capabilities support the proactive shipping of packages toward potential customer destinations in a manner designed to improve customer experience (timeliness) with low inventory handling and transportation costs.

Inventory Reduction 128

Inventory Reduction Purchasing Skills Cost Reduction Modeling Software 128

Logistics Bureau

OCTOBER 9, 2023

Inventory levels: Current or expected inventory levels at various locations. Inventory turnover: Inventory turns for each SKU. Competitor intelligence: Distribution strategies and network designs of your competitors. Variable costs: Relating to transportation, labour, and inventory management.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Design Distribution Networks 98

FreightWaves SONAR

NOVEMBER 19, 2020

All of these and many other challenging factors have resulted in an ever-extending supply chain footprint, one holding onto inventory 8% longer than it did 30 years ago.” Of course, no disruption comes close to those that have been experienced to date in 2020. When inventory lags demand, companies suffer losses.

Supply Chain Software 105

Supply Chain Software Supply Chains Scenario Planning Sourcing Strategies 105

IoT World Today

MAY 21, 2020

Supply chains will survive COVID-19, of course, but not without interim pain and structural change. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If No one wants to hold inventory. Erratic consumer demand adds further dysfunction.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 145

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Inventory location and management. Increasing order efficiency.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

Ship Monk

FEBRUARY 9, 2024

A powerful order and inventory management system can track inventory levels in real time, help identify short and long-term trends, automate critical re-order points, optimize order size and cadence , generate customized reports and so, so much more.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

Ship Monk

JULY 14, 2021

Then, with a concrete strategy by your side, fine-tuning the details becomes a whole lot easier. If your focus lies in crafting advantageous, symbiotic relationships and creating actionable components, B2B will likely be your preferred strategy. The seller doesn’t actually own any of the inventory – the manufacturer does!

eCommerce 98

eCommerce Modeling Inventory Reduction Cost Reduction 98

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. It measures the amount of elapsed time from when an order is accepted to when the product is produced and entered into finished goods inventory.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 105

CH Robinson Logistics

JUNE 20, 2019

When I talk to worldwide businesses in Asia, Oceania, North America, or anywhere else, their chief concern is always the same: how do we meet our customers where they are to get them the products and services they want, all while keeping our own business strategy central? How to prioritize supply chain strategy for business expansion.

Sourcing Strategies 48

Sourcing Strategies Vendor Strategies Inventory Reduction Resource Reduction 48

Ship Monk

OCTOBER 22, 2021

Section 321 is a viable strategy to cut costs and get the biggest bang out of your buck (or euro, or yen, or Swiss franc). Let’s look at it step by step: You import inventory through a U.S. Your inventory is shipped to its destination (read: warehouse), where it’s held in bond. How Does Does It Work? It’s simple!

Inventory Reduction 98

Inventory Reduction Cost Reduction Food and Agriculture Inventory 98

IoT World Today

AUGUST 26, 2019

Of course, the Internet of Things and the broader field of artificial intelligence have a host of potential supply chain applications. . The strategy for using IoT in Logistics can combine that information with historical quality data graphs to ensure that the current status correlates to a given standard.

Waste Reduction 107

Waste Reduction Waste Logistics Network Optimization Software Modeling Software 107