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However, one of the most important aspects of supply chain strategies is often overlooked: the reverse supply chain (also referred to as reverse logistics ). A reverse logistics strategy provides a path for removing the existing equipment to make way for the next era of equipment in the case of end of life products or new upgrdes.
Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency.
Circular supply chains are interconnected systems that use secondary and regenerative inputs to generate value by reducing and extending resource use. Join the Circular Supply Chain Network to be among the first to know when we have live discussions, webinars, new courses, and more! Key Takeaways: Circular Supply Chains.
announces that their “Essential Guide to Freight Claims Management” Webinar is now open for registrations by shippers of all sizes. Cerasis will present educational material covering all things freight claims on June 6 th , 2017 at 10 AM CST. Register for this webinar by visiting this link here: [link]. Cerasis Inc.,
And at the end, check out a nice infographic speaking more to reverse logistics strategies and practices. Throughout the course of business, there will be a series of recurring updates for equipment, software, and materials. In many cases, the rationale behind this response remains in-house RLS (Reverse Logistics Strategy).
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. significantly reduced waste at all points in your system.
Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.
A typical question we deal with could be: “should we invest in brewing capacity in South Africa or can we postpone that investment and save costs by importing beer from the Netherlands instead?” But it had its limitations, of course. Some operating companies will use it for shift and material planning, and there’s potential for more.
held a live webinar entitled “The Essential Guide to Freight Claims Management” on June 6th, 2017. Those who were not able to attend can now download a live replay of this highly educational webinar on a very important subject. This webinar is perfect for shippers of all sizes. Cerasis Inc., Question & Answer Session.
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. Raw material suppliers and logistics. Increasing order efficiency.
Reusable packaging goes far beyond just reducing packaging costs. It can affect five key areas of your business in addition to reducing your packaging costs up to 90% in some cases. Some of the information may surprise you because it is not quite as obvious as the apparent savings that are available! Reducing Labour Costs.
Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. Many manufacturers & retailers have found that they can use state of the art supply chain management to reduce inventory & warehousing costs while speeding up delivery to the end customer.
Ultimately, the supply chain is reflection of hundreds of processes that work together for a common purpose, or the transport of goods and materials from Location A to Location B. However, process management needs to address several process categories to reduce in-transit and delivery problems. Management of Incoming Freight.
The use of predictive analytics has the potential to dramatically reduce expenses in the manufacturing sector, particularly with respect to proactive machine maintenance. According to Sundeep Sunghavi, the use of predictive analytics will save approximately $630 billion in the manufacturing industry over the next 15 years.
We feel that if more shippers took a strategic look at shipping versus a tactical one, they will reduce costs, improve customer satisfaction, and remain competitive. Therefore, the amount of time spent picking the items is reduced. The idea of flexibility due to improved processes leads back to inherent savings for labor costs as well.
With the ability to print exact working copies of products, manufacturers and retailers of the future may choose to ship raw materials instead of finished products. This means that raw materials may constitute a significant amount of goods moved across borders. The technology will save a great deal of time and reduce overall costs.
Businesses cannot unlock the full potential of digital without reinventing their supply chain strategy. For digital technology to create significant improvement in business outcomes, businesses need to: Reinvent their supply chain strategy. Develop digital strategies that allow you to proactively evolve ahead of the competition.
Manufacturers must think about new ways to reduce overhead and eliminate downtime in their factories, such as creating proactive maintenance plans and better allocation of resources. This also helps to reduce overhead costs for these respective companies and encourages millennials to become a part of the manufacturing industry. .
Whether you’re looking to create an industrial facility for refining raw materials or you want to build a manufacturing plant, there are going to be a lot of environmental and health factors to consider. In just a year’s time, the company reduced its packaging by nearly 20 million pounds.
In a previous guest blog, The Rodon Group along with Rethink Robotics wrote, titled " Can Robots + Humans = The Ideal Workforce in Manufacturing? ": Robots such as Baxter can also help companies save money and increase productivity. Let us know in the comments below!
Heavy items could fall onto other packages, and hazardous materials could spread to other shipments. Impact Protection Reduces Risk For Fragile Contents. Furthermore, a sheet of cardboard or other supportive material should be used in three-layer increments in packing a pallet. For example, liquids could spill.
Workers’ union, workplace safety, changes in labor regulations and fluctuations with employee turnover and retention can undo a well-versed logistics strategy. Of course, additional labor risks revolving around workplace safety, like horseplay among employees, can arise as well. In the short-term future.
Stock materials should be used with technology that connects your workers and the process they need to go through to complete their job. Find a good balance of action and strategy to ensure you meet both ends of the spectrum for optimum results. Automation technology : Of course, fundamentals are exactly what automation is all about.
Of course the issue for those in logistics is how this regulation would affect them. The new FMCSA ruling is an attempt at reducing the number of drivers who are forced to get around the HOS. Hazardous Materials Regulations Concerns. However, operating a machine while towing hazardous material increases the risk exponentially.
Knowledge is power–understanding what’s causing the situation can help reduce stress and enable you to select the best course of action to best move forward. This magnified the bullwhip effect which made it even more challenging for manufacturers to plan production runs while dealing with labor and material shortages.
Machine learning is inextricably linked to the use of robotics and automated systems, and according to the National Institute of Standards and Technology, the use of robotics and automation in 2016 saved $57.4 However, initial estimates place the savings in the neighborhood of $70 billion, explains MBH Mag. billion and $40.1
A typical question we deal with could be: “should we invest in brewing capacity in South Africa or can we postpone that investment and save costs by importing beer from the Netherlands instead?” But it had its limitations, of course. Some operating companies will use it for shift and material planning, and there’s potential for more.
Throughout this time, 3PL transportation management providers have taken advantage of the low-costs of transportation, which further reduced the costs for businesses and manufacturers. The Bureau of Labor Statistics asserts courses to obtain a Commercial Driver’s License (CDL) last anywhere from three to six months. Driver Expenses.
We will feature over the next 7 business days each category’s top 10 most viewed posts over the course of 2014. Due to a variety of factors including cost and availability of materials, climate change, and disputes on the rights of workers, American manufacturing may soon be a far more American enterprise than it once was.
In other words, the use of AI may help to improve patient outcomes and reduce delays from misdiagnoses or laboratory testing. Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. billion by 2018 to grow these relationships.
Some argue sustainability initiatives are solely the result of increasing government regulations, but Modern Materials Handling Staff reports another cause, consumers. As a result, Hong Kong was able to save $48, 500 annually of electric costs for operating traffic lighting. Of course, other obstacles will continue to exist.
Since third-party logistics providers (3PLs), especially those involved in order fulfillment and shipping processes, have a duty to ensure accuracy and delivery of merchandise, the NMTA®’s decision to reduce the reporting time frame will greatly impact the course of business.
In the supply chain articles category it is clear the top ten are all about trends, facts, technology, and of course optimization. When I was Materials Manager at Maricopa County, Arizona, the second largest county in the country, I introduced Vendor Managed Inventory. Read the full article here. . Read the full article here. .
Today supply chains stretch around the globe, and few supply chain can exist within a single country without selling or purchasing products or raw materials from other countries.
Combining an array of online and onsite sessions, guided tours of manufacturing centers, and exhibits, manufacturers are able to bring the number of participants in Manufacturing Day 2015 activities to more than 400,000, explains Modern Materials Handling magazine. Manufacturers, Trade Schools, and Congress Step in to Help.
” If you are a parent of a kid who likes Minecraft, then of course, you know Stampy. Further, as a kid, you learn that you must gather materials in the way of ores to make the next big project by smelting them into useable ingots to craft tools such as axes, hoes, pick axes, swords, armor and more.
As a result, delays are reduced, and the level of customer service increases. Of course, exceptions and corrections should also be tracked in tandem. While it may seem to overlap the purpose of 3PL-based auditing services, this benefit encourages the continuation of auditing in your company and additional cost savings.
Containment force is an internal standard can be used by shippers to confidently reduce damage in LTL and over the road shipments – and give companies clues to what might have caused any pallet load damage. . For more on containment force, check out our on demand webinar on How to Properly Wrap a Pallet.) .
Our transportation management system , which has been a web based platform since 1998, has an entire development team shaping it for now and in the future so our shippers continue to get value out of technology gaining such benefits of decreased errors, ability to focus on their core, and of course, overall costs savings.
A typical question we deal with could be: “should we invest in brewing capacity in South Africa or can we postpone that investment and save costs by importing beer from the Netherlands instead?” But it had its limitations, of course. Some operating companies will use it for shift and material planning, and there’s potential for more.
On this position, you’d be managing all activities for purchasing raw materials, delivering them to the right point across the organization, making sure the organization is producing enough supply to meet the demand of the audience, and deliver the product to the right place at the right time. Download white paper. Flexibility.
Understanding the nuances of your supply chain and how to improve upon it is the best way to achieve maximum savings, optimize efficiency, and manage customer expectations. Understand where cargo can be consolidated to increase cost savings. Of course, the first step in this process is often the most daunting.
Additionally, each concern is directly involved in how an organization responds to the materialization of a problem. Obviously, some risks are more likely to happen than others, and a supply chain entity needs to be able to respond to the materialization of a risk through a set, planned course of action. Focus on Resilience.
Of course, many of your hires may come to you with a ready-made supply chain education, but perhaps not all of them and besides, there is so much that can only be learned and made sense of outside the confines of academia. There’s Still a Place for Reading Material. Click To Tweet. Monczka, Robert B. Handfield, Larry C.
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