The Lean Thinker

MARCH 9, 2020

I think there is going to be a lot of good material to discuss here. In that post I told a true story of a company that placed very heavy emphasis on reducing inventory levels without digging into how that performance was achieved. Wait times were reduced – at least on paper. I just got the book, and am reading it now.

Cost Reduction 195

Cost Reduction Price Reduction Inventory Reduction Material Savings 195

GlobalTranz

APRIL 22, 2015

Editor’s Note: Almost 14 months ago we wrote one of our most popular posts entitled, “ The History of Supply Chain and Logistics Management ” contained a bit of history, definitions, and a great infographic visually going through the history of supply chain and logistics management. What is a Logistics Framework?

Global logistics 116

Global logistics Material Savings Cost Reduction Supply Chain Planning Software 116

Trinity Logistics

OCTOBER 16, 2020

Addressing global warming and reducing one’s carbon footprint are now primary concerns for many industries. Reducing one’s carbon footprint may not just a noble goal, but an essential one. Reducing the carbon footprint of the logistics sector. Reducing carbon footprint in logistics is not without benefits.

Material Savings 71

Material Savings Waste Reduction Cost Reduction Logistics Network Optimization Software 71

Logistics Bureau

FEBRUARY 4, 2025

Effective lead time management is a critical factor in securing supply chain efficiency and cost control, since lead time represents the total time required for a product or material to move through the supply chain, as measured from the time of ordering to the time of delivery. What is Lead Time and Why Does it Matter?

Supply Chains 49

Supply Chains Manufacturing Procurement Inventory Reduction Scenario Planning 49

GlobalTranz

SEPTEMBER 12, 2016

For example, transportation management often focuses on the journey of products after manufacturing. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. Some materials may require additional inspections by the U.S.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 101

The Lean Thinker

MARCH 23, 2023

During the war there was huge growth and turnover within the industrial base as production shifted from civilian products (locomotives, for example) to wartime production (tanks). Today there are a lot of people, both internal trainers and quite a few outside training companies and consultants, using this material to teach.

Buyer Training 195

Buyer Training Material Savings Course Optimal Sourcing 195

SYSPRO Smarter ERP

NOVEMBER 8, 2021

According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. For example, are you still a minority owned company?

Manufacturing Procurement 121

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 121

Logistics Viewpoints

FEBRUARY 28, 2022

Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” Let’s start with a definition: any device that can perceive its environment and takes actions that maximize its chance of success at some goal is engaged in some form of artificial intelligence (AI).

Supply Chain Planning Software 140

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 140

Logistics Bureau

JANUARY 7, 2020

The definition above is not from any textbook, but is one that I am sure you will agree, describes a state of affairs that any corporate leader or business owner would be happy to attain. . Supply Chain Strategy. A properly designed supply chain strategy is an enabler for achieving commercial goals and consequently, corporate success.

Supply Chain Design Software 111

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

3PL Links

DECEMBER 10, 2024

This article will provide a detailed reference to LTL shipping, including the definition of LTL, shipping prices, delivery method, and how to manage your LTL shipment to the fullest. For example, less-than-truckload shipping requires 12 linear feet and pallets ranging from one to six, with a maximum of 10 pallets per truck.

Optimal Sourcing 62

Optimal Sourcing Purchasing Skills 3PL Price Reduction 62

Trinity Logistics

MARCH 2, 2023

These common mistakes when shipping hazardous materials can end up costing your business a lot of money. Shipping hazardous materials have very little room for mistakes but very large consequences if done incorrectly. These are the most common mistakes companies make when shipping hazardous materials.

Material Savings 62

Material Savings Training Packaging Examples 62

Logistics Bureau

DECEMBER 22, 2024

A KPI is a practical and objective measurement of progress, either: Towards a predetermined goal, or Against a required standard of performance It might help to think of a KPI as something like an instrument on a car dashboarda speedometer, for example. For this reason, KPIs are essential for any business improvement strategy.

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

Logistics Bureau

OCTOBER 2, 2016

The definition above is not from any textbook, but is simply one that I’m sure you’ll agree, describes a state of affairs that any corporate leader or business owner would be happy to arrive at. Supply Chain Strategy. So if you want to be sure of business success, review your supply chain strategy.

Supply Chain Design Software 99

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

10xLogistics

DECEMBER 24, 2017

Remember your business classes: The value chain starts essentially at the extraction of raw materials and ends with the consumer (some say it goes through post consumption disposal and return of unconsumed raw materials to Mother Earth. The problem with this strategy is the "crunch" is with the power not with the trailer.

Material Savings 54

Material Savings Logistics Network Optimization Software Strategy Modeling Software 54

Ship Monk

APRIL 28, 2023

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.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

Ship Monk

FEBRUARY 12, 2024

But the best thing you can do for your ecommerce brand really is to reduce how many returns you get. As a result, product pages become your best asset to make sales and reduce returns. Depending on your product you want a description of materials, dimensions, fit, care, etc. How, you may ask? Great question! Think about it.

Inventory Reduction 59

Inventory Reduction Material Savings eCommerce Resource Reduction 59

Ship Monk

JULY 7, 2022

As online shoppers, we see examples of minimum order quantity everywhere. This article will define minimum order quantity, show you some examples, and help you decide if it’s the right strategy for the type of items you sell online. Minimum Order Quantity Definition. Minimum Order Quantity vs. Pricing Strategy.

Purchasing Skills 98

Purchasing Skills eCommerce Ordering Negotiating Skills 98

SYSPRO Smarter ERP

JUNE 21, 2022

There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. The analysis is mostly on point; however, the blame does not lie with Lean.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

3PL Links

DECEMBER 2, 2022

The tasks associated with the delivery of raw materials are handled by inbound logistics or supply logistics to guarantee their availability throughout the production process. We will address the following topics in this article: Inbound logistics definition and significance. Duties of inbound logistics. Inbound logistics functions.

Inbound 62

Inbound Sourcing Strategies Material Savings Inventory Reduction 62

GlobalTranz

SEPTEMBER 28, 2016

You can read the detailed technical definition here. 3) Reduce Supply Base Risk by the Effective Application of Focused Systemic Improvements and Risk Factor Analysis. . 50% improvement) min.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 89

GlobalTranz

MAY 18, 2021

Examples include Tarps, dunnage, layovers, detention, etc. Commodity: Any article of commerce, including raw material, manufactured, or grown products. Distribution Center (DC): A location where goods and materials are stored until they are ready to be moved to their end destination. Transportation Terminology Glossary of Terms.

Definition 62

Definition Logistics Network Optimization Software Transportation Modeling Software 62

Logistics Viewpoints

SEPTEMBER 13, 2023

C-Suite Themes For the C-Suite, there are three main themes where supply chains make a definitive impact: increased customer retention, revenue growth, and lower costs. Companies are sourcing materials from all over the world, and need to identify those regions which are most important, and which provide the greatest risk for disruptions.

Supply Chain Planning Software 121

Supply Chain Planning Software Waste Reduction Optimal Sourcing Supply Chain Software 121

Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Example: a bicycle is more eco-friendly than a sedan, but a sedan is more eco-friendly than a Hummer. What is Eco-Friendly Packaging?

Material Savings 52

Material Savings eCommerce Packaging Ordering 52

Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Example: a bicycle is more eco-friendly than a sedan, but a sedan is more eco-friendly than a Hummer. What is Eco-Friendly Packaging?

Material Savings 52

Material Savings eCommerce Packaging Ordering 52

ShipLilly

AUGUST 29, 2020

By using an effective inventory storage strategy, it is possible to meet customer requirements. A brief definition of pick and pack methods. For example, you might organize the inventory in much the same way as you organize your closet. In any case, different pick and pack methods are used to reduce mistakes and save resources.

Packing 98

Packing Picking Inventory Reduction Material Savings 98

GlobalTranz

FEBRUARY 25, 2021

Reverse logistics refers to all operations related to the reuse of products and materials. Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics.”. Integration with Supply Chain Partners will Improve Your Return Logistics Strategy. Imagine this scenario.

Reverse logistics 84

Reverse logistics Inventory Reduction Manufacturing Procurement Cost Reduction 84

GlobalTranz

AUGUST 9, 2016

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation strategy should not drive how and when product is delivered. Transportation strategy and tactics must support Lean inventory strategies.

Waste Reduction 53

Waste Reduction Cost Reduction Inventory Reduction Price Reduction 53

GlobalTranz

JULY 7, 2021

Shippers should understand these layers of logistics and how each brings value to a logistics strategy. These firms facilitate the movement of parts and materials from suppliers to manufacturers and finished products from manufacturers to distributors and retailers. But that definition is no longer registered.”.

4PL 84

4PL 3PL How To Supply Chain Planning Software 84

Logistics Bureau

DECEMBER 28, 2024

As a general definition, a 3PL helps a company to get its offering, conceived in place A, into the hands of its customers in place B. The solution is to back up, figuratively speaking, to the general definition of the need and see how overall trends and developments in the world could make this need map onto other, different solutions.

3PL 74

3PL Trends Supply Chain Design Software Industry 74

Conger

JULY 24, 2023

A Toyota diesel forklift with pneumatic tires Let’s start with a pneumatic tire definition. Their enhanced grip provides better stability and reduces slippage on gravel, dirt, and grass surfaces. For example, the curing process can take a couple of days. ” The result?

Definition 52

Definition Cost Reduction Purchasing Skills Eliminating Excel in Purchasing 52

Conger

FEBRUARY 11, 2022

And here’s a simple pallet jack definition: A pallet jack (sometimes called a “pallet truck”) is the simplest type of forklift, consisting of a: Wheeled trolley. For example, manual pallet jack sizes can be 36 or 42 inches. Here are the main uses and benefits of pallet jacks: Reducing Manual Labor. What Is a Pallet Jack?

Definition 52

Definition Modeling Software Price Reduction Handling 52

GlobalTranz

FEBRUARY 23, 2015

″, “disruptive technology” and the “Internet of Things (IoT)” are just a few examples that continue to appear time and again. Craig Christensen: One of the grandest ideas to come from reverse logistics is the backhaul thus reducing “empty” trips back to the origin. Terms like “Industry 4.0″,

Automation 96

Automation Reverse logistics Data Material Savings 96

Ship Monk

JANUARY 11, 2024

Let’s take apparel, for example. Poor product descriptions: Product descriptions should include information about the fabric contents, materials, ingredients, what’s included, what’s not, weight and dimensions, how to use it, return policy — essentially anything you would want to know before purchasing.

Procurement Solutions 111

Procurement Solutions Inventory Reduction Supply Chain Planning Software Material Savings 111

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. This measure will be based on an agreement with suppliers that includes quantities and schedules for key raw materials or items and specific delivery intervals.

Manufacturing Procurement 105

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

Logistics at MPEPS at UPV

MARCH 25, 2023

Reverse logictics refers to the process of recovering products or materials from customers to extract value or as after-sales services. There are various definitions of reverse logistics, which generally focus on the collection, disassembly, and processing of used products or materials to maximize their value and sustainable use.

Reverse logistics 52

Reverse logistics Material Savings Logistics Network Optimization Software Waste Reduction 52

Logistics Bureau

MAY 24, 2021

It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. It’s a good one to consider, and perhaps an appropriate stimulus for companies to review inventory performance and revise their strategies. Using the previous example, dividing 365 days by 10 gives you 36.5

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 98