Logistics Bureau

MAY 24, 2021

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Let’s Start with Safety Stock.

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 98

Logistics Viewpoints

NOVEMBER 5, 2014

Supply chain management is a critical function at any business that involves production, distribution, or inventory management. But being a critical function does not make it strategic in the traditional Michael Porter definition of providing a unique, valuable and sustainable competitive advantage.

Supply Chains 98

Supply Chains Scenario Planning Definition Trends 98

EazyStock

MARCH 4, 2021

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. This post will explain how, but first, let’s deal with a few simple definitions. Prioritize your inventory.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Logistics Bureau

DECEMBER 22, 2024

In many cases, your distribution operation will incur unwanted costs to manage returns of damaged items and deliver replacements to the customers (not to mention the cost of writing off damaged inventory). Inventory Days of Supply This KPI tells you the number of days your inventory would last without replenishment, before running out.

Supply Chains 74

Supply Chains Procurement Analytics Inventory Reduction Purchasing Skills 74

Blue Grace Logistics

APRIL 26, 2019

In our March webinar, titled Time Definite Freight and Positive ROI , Brian Blalock, Senior Manager Sourcing Strategy, and Eric Chambers, Vice President, Field Performance at BlueGrace Logistics, discuss the delivery method that is redefining the logistics landscape. What is Time Definite Freight? It can be any time of the 24 hour day.”

Definition 48

Definition Inventory Reduction Cost Reduction Optimal Sourcing 48

Turvo

AUGUST 24, 2021

Today, the definition of supply chain resiliency has been changed in ways that have caused ripple effects. Of all the members who can benefit from logistics technology and digital inventory systems, drivers stand to gain the most from automation and advances that include: . Supplier diversity took on an entirely new meaning in 2020.

Optimization Software 98

Optimization Software Supply Chain Software Logistics Network Optimization Software Supply Chains 98

MTS Logistics

JUNE 10, 2020

Since long before the coronavirus pandemic, the logistics industry has been changing faster than you can say “where’s my inventory.” The sooner brand builders understand the trends driving the future of logistics, the sooner they can prepare for the future of business-related transportation. Artificial Intelligence.

Logistics Network Optimization Software 60

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Trends 60

Ship Monk

SEPTEMBER 19, 2022

Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. What is Inventory Holding Cost? Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. carrying costs, and needed to learn what those are.

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

Conger

JULY 28, 2022

Looking for a private warehousing definition? This allows companies to keep a closer eye on inventory levels, product flows, and shipping. A higher degree of control over inventory management, such as space utilization, inventory tracking, and team management. Department of Interior. Department of Energy.

Examples 52

Examples Definition Supply Chain Design Software Supply Chain Software 52

Ship Monk

AUGUST 22, 2022

SKUs are vital to inventory management and the success of any business—as pivotal to operations as a binding agent is to a meatball (i.e. A SKU is a code (typically 8 – 12 alphanumeric digits long) assigned to the items in your inventory. Today, we’re talking about SKUs, also known as Stock Keeping Units. What is a SKU?

Inventory Reduction 52

Inventory Reduction eCommerce Inventory 3PL 52

EazyStock

OCTOBER 10, 2018

The real value businesses receive from big data is the ability to analyze data trends in real-time and accordingly extract critical data for management and operations. Big data feeds insights to MDM, and MDM feeds big data with master data definitions. The value of big data is how quickly patterns and trends can be identified.

Inventory Reduction 45

Inventory Reduction Supply Chain Planning Software Inventory Modeling Software 45

IoT World Today

MARCH 27, 2020

These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. Another Statista study indicated that 44% of retailers expect delays and 40% expect inventory shortages given coronavirus disruptions on the supply chain. And again, data quality is a huge concern.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

Logistics Viewpoints

JUNE 17, 2021

They must go beyond the standard delivery in transportation management, and consumers are pushing this trend forward. By definition, it refers to the handling of care used when moving products in which the movers or shippers literally wear white gloves to protect the product.

Logistics Network Optimization Software 103

Logistics Network Optimization Software Transportation Supply Chain Software Replenishment 103

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 is usually accomplished by using statistical sampling of all incoming materials that can produce charts to show the quality trends over time.

Manufacturing Procurement 105

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

MTS Logistics

JANUARY 3, 2023

The definition of normalization is difficult to come by. Until the next contract season, which traditionally kicks in April-May, no major upward trend is expected. Once inventory levels are down, importers will be able to make more targeted decisions when to ship cargo by looking at the various arrival dates provided by carriers.

Negotiating Skills 116

Negotiating Skills Industry Tracking and Tracing Inventory Reduction 116

SYSPRO Smarter ERP

NOVEMBER 8, 2021

New trends in supply chain management. Another trend that is becoming prevalent is to engage with suppliers in a digital supply chain. The pandemic has shown that companies struggle to have the correct distribution of parts in the inventory holding. Work-in-progress inventory. Pre-allocated inventory.

Supply Chain Planning Software 116

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

Turvo

JULY 30, 2021

There has been a definitive increase in the number of shippers working to harness these new TMS functions and capabilities. This trend is helping drive TMS functionality as it promotes carriers and shippers to include these capabilities into their optimization and planning solutions.

Supply Chain Planning Software 98

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Transportation 98

Morai Logistics

FEBRUARY 14, 2019

In 2018, same-day or next-day delivery was a significant online shopping trend. The definition of fulfillment involves the ‘process of receiving, packaging and shipping orders for goods’. Businesses who ensure a comprehensive service, also offer transparency with shipments and updates, management of inventory and personalization.

Logistics Network Optimization Software 68

Logistics Network Optimization Software Procurement Solutions Distribution Inventory 68

SYSPRO Smarter ERP

SEPTEMBER 1, 2022

While the concept of reshoring, also known as onshoring, has been a growing trend over the past decade, when the pandemic hit it introduced risk in a way that wasn’t previously considered. Many operations turned to lean manufacturing to take any inventory out of their pipelines that could put their supply chain on the line.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Supply Chain Software 105

PINC

OCTOBER 14, 2019

Here are the top trucking trends that all shippers should be aware of, according to The American Transportation Research Institute. expansion in the first quarter, which mostly was buoyed by lower imports and higher inventories< , JOC reports. The post Transportation Trends: What’s Going on in the Trucking Industry?

Trends 49

Trends Industry Transportation Trucking 49

Talking Logistics

JANUARY 2, 2019

His definition of real-time is instantaneous — knowing exactly what is happening now. Julian comments, “When you have visibility to your inventory, your planning can become more robust. Better inventory planning also leads to better operations planning,” continues Julian. Customers want to know where their orders are.”.

Supply Chain Planning Software 77

Supply Chain Planning Software Supply Chains Scenario Planning Inventory 77

Ship Monk

NOVEMBER 4, 2020

Do you have enough inventory to meet an increase in demand? Are you in the loop with Q4 trends and projections ? That means conservative estimates for order processing, shipping times, and even inventory availability. Have you communicated your expectations with your logistics partner? Do they know what to expect from you?

Tips 98

Tips Inventory Reduction eCommerce Manufacturing Procurement 98

10xLogistics

MAY 14, 2024

I am continuing my series on simple definitions and thoughts in Supply Chain Management. Demand planning is a critical component of supply chain management that predicts customer demand to optimize inventory, ensure on-time deliveries, and manage production schedules efficiently. And why it is so underused I will never understand.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Modeling Software Scenario Planning 62

PINC

AUGUST 3, 2020

With expectations of higher on-shelf availability and lower inventory costs, the pressure on delivery performance has intensified—as has the need for manufacturers, retailers, and carriers to work together to create efficient, reliable, and responsive supply chains. The problem is that there is no standard definition for OTIF.

Definition 52

Definition Supply Chain Software Supply Chains Inventory Reduction 52

Sabinext

JANUARY 15, 2021

There are tons of promising trends and technologies out there to futureproof our operations. Analytics will empower us to further boost real-time end-to-end visibility, take real-time decisions to optimize operations, and enhance forecasting to eliminate inventory shortages. Which ones will supply chain leaders invest in this year?

Supply Chain Software 87

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 87

Ship Monk

APRIL 28, 2021

Ambition without execution often leads to biting off more than one can chew, and that’s definitely not what you want when you already have a million things to worry about. In practice, this could mean, for example, slowly but steadily growing your inventory instead of adding lots of items all at once.

eCommerce 72

eCommerce Inventory Reduction Definition After-sales 72

AIMMS

FEBRUARY 20, 2015

And the opening chapter in the book is an actual case study about a team meeting I attended where they would have the inventory “target of the month”. Yes it is definitely a journey. I would say look at the metrics that matter in the book – operating margins, inventory turns, return on invested capital.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Ship Monk

AUGUST 21, 2024

Could ordering more inventory less often, or less inventory more often, save you money? Does splitting your inventory across multiple warehouses make sense for your business? We love that ShipMonk tracks inventory by lot number and SKU. Which of your SKUs has the highest carrying cost per order?

Supply Chain Planning Software 59

Supply Chain Planning Software Data Supply Chain Software eCommerce 59

GlobalTranz

SEPTEMBER 16, 2016

There are several definitions of 3PL. Using a third party logistics provider that has higher quality technology and processes than your in-house operations will help realise efficiencies with the management of your inventory and increase on-time performance. Editor's Note: Today's blog is a guest blog by our friends at 2 Flow.

3PL 101

3PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software 101

GlobalTranz

FEBRUARY 25, 2021

According to the Council of Logistics Management, it is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.

Reverse logistics 84

Reverse logistics Inventory Reduction Cost Reduction Manufacturing Procurement 84

AIMMS

MARCH 8, 2016

What are these companies doing differently and what trends should retailers look out for? Key trends shaping today’s retail supply chain. A recent report from Auburn University summarizes these changes quite neatly: Inventory – consumer demand for flexible delivery times and pick-up options is changing inventory management.

Optimal Sourcing 69

Optimal Sourcing Sourcing Strategies Cost Reduction Inventory Reduction 69

247 Customs Broker

MARCH 1, 2018

And while most companies are at least thinking about how to make that happen, many are still using antiquated processes like pen-and-paper and spreadsheets to manage inventory and track product movement within the four walls of the warehouse. Warehouse Control Systems (WCS) in lieu of WMS. carousels, sorters, conveyors, etc.),

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 28

Logistics Viewpoints

DECEMBER 7, 2021

Workforce shortages and other challenges abound throughout all transportation sectors, and while this may revitalize investments in localized manufacturing, expanded warehousing to hold more inventory, and other efforts, these changes do not solve today’s issues. Carrier capacity tops the list of parcel shippers’ challenges.

Price Reduction 106

Price Reduction Cost Reduction Inventory Reduction Capacity 106

Logistics Viewpoints

FEBRUARY 28, 2022

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). It is also worth pointing out, that based on this definition, not all forms of machine learning are particularly complicated.

Supply Chain Planning Software 140

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

3PL Links

SEPTEMBER 26, 2016

As you no doubt already know, storing inventory and supplies in your warehouse comes at a cost. Automating processes in your warehouse isn’t part of some fad or shady trend. JIT Inventory Management. It is definitely possible to reduce supply chain costs, and the 10 suggestions above will get you started down that path.

Cost Reduction 63

Cost Reduction Inventory Reduction Expense Reduction Supply Chain Software 63

Talking Logistics

JULY 23, 2018

The definition of end-to-end visibility has evolved over the past decade. Initially, companies dealt with added risk by adding more inventory across their supply chains. Companies can no longer cost-effectively deal with all of the added complexity without new digitization technology that replaces inventory buffers with visibility.

Supply Chain Design Software 87

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chains 87

20Cube Logistics

JANUARY 27, 2022

The international beneficiaries of the Asian market would definitely gain greatly out of this. One more trend that has been highlighted to take place in Asian supply chain is that of a cooling inventory drive. Asia is a booming market and a major supplier of electronic goods. International Travel Policies.

Manufacturing Procurement 83

Manufacturing Procurement Price Reduction Scenario Planning Government 83