This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Looking to real-life examples for inspiration, we can ask, ‘Who does reverse logistics well?’ For regulators and the public, reverse logistics may be judged by how safe and how green the process is, for example, recycling products instead of throwing them into a landfill. Reverse Logistics Strategy 1: Don’t do it!
A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. A comprehensive supplier management strategy helps organizations arrange suppliers based on different tiers of importance and reliability. .
I was drawn to Hunter and Amory Lovins, who advocated a strategy pairing energy efficiency with renewables, long before its current popularity. For example, confectioner Mars is building deeper relationships with fewer palm oil suppliers to increase their ability to monitor and impact deforestation. But what about the role of planning?
With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.
For example, Mars is looking at climate action, no poverty, and partnerships as part of its sustainability plans. Skrovan, a circular economy is the transformation from “make, use, dispose” to “make, use, recover, reuse, reclaim.” When the company can no longer reuse an item, it will find a sustainable way to the dispose of them.
A sustainable chain involves implementing sustainable practices at each stage of the supply chain, from raw material sourcing and production to transportation, distribution, and end-of-life disposal. Extend what is already made – repair and maintain products to maximize their lifetime; implement a return strategy when applicable.
Another example is commuting. Over the years, AI capabilities for prediction, clustering, segmentation, and more have accelerated supply chain strategies, automating daily operations and augmenting data-driven intelligent decision support. The supply chain is no exception. These advancements have revolutionized supply chain planning.
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.
With the further release of container inventory into the market, for example from the disposal of leasing fleets, there will be added pressure on depots in the coming months,” container logistics expert Christian Roeloffs stated in an industry update several weeks ago. The Outlook. The Result.
With the right packaging, strategy, and tools, you can cut shipping costs by as much as 60%. You can also test different packaging materials and strategies, and get quantifiable data about how much better, or worse, different routes, shipping methods, and packaging are for the contents of your boxes and pallets.
Inefficient waste management practices can lead to increased disposal costs, harm to the environment, and even damage to a company’s reputation. Enhance Engagement in Disposal Programs Benefits of Using RouteManager Closing Thoughts 1. Table of Contents [Open] [Close] 1. Optimizing Routes and Services 2. Enforce Ordinances 4.
With the growth of sustainability initiatives , more companies have adopted the use of recycled materials in production and have developed procedures for the responsible disposal of products that cannot be recycled or reused. Waste : How much product and other materials are moved to landfills, incinerated, or disposed of as waste?
One way to tell if a CSR programme is simply a marketing strategy is to check the length of the project. Care for the environment: Businesses have a responsibility to cut back on carbon emissions, dispose of waste in a non-polluting way, and support environmental care programmes. Examples of CSR Programmes. Example #1: Lego.
Here’s why technology should be part of your overall strategy. Tech and the Data Garnered from It Can Drive Smarter Strategy The , tools that tech provides are one thing; the data it collects and synthesizes so that companies can learn something from are infinitely valuable to gaining end-to-end visibility.
Here’s why technology should be part of your overall strategy. Tech and the Data Garnered from It Can Drive Smarter Strategy The , tools that tech provides are one thing; the data it collects and synthesizes so that companies can learn something from are infinitely valuable to gaining end-to-end visibility.
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.
OnTrac , for example, stopped accepting new peak business on September 1, but capacity issues are just one of the carrier-related challenges shippers must overcome. shippers will rely more than ever on the United States Postal Service (USPS), for example, but this fallback option may prove more costly than in past years.
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. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Examples include cleaning and lubricating the moving parts or replacing parts before they wear out. The secret to achieving efficiency lies in adopting robust maintenance strategies. Let’s dive in!
This is a simplified example of the best practices for Return Merchandise Authorizations. If the item is irreparable, then it must be disposed of. For example, tracking information for merchandise tagged with radio frequency identification (RFID) chips needs to be entered into the system before the item arrives.
How, for example, can they distinguish between information that’s relevant to the organization, and that which is useless? They’re assuming that adoption requires the wholesale disposal of old technology and the acquisition of a raft of new devices. A fair number of companies are leaning toward the latter view.
For example, renting a mid-sized electric forklift at approximately $1,500 per month for two years ($36,000 total) might exceed outright purchase costs. For example, retail and e-commerce warehouses often see a surge in volume during the holiday season each year.
Bolstered by a strong labor market, growth in disposable personal income, and elevated consumer confidence, 2018 experienced strong retail sales,” Deloitte reports. From a market perspective, we’ve seen such strategies really produce positive ROI for these companies.”. Eliminating Friction.
As part of the company’s sustainability strategy, Ikea is challenging the perception that its products are disposable by creating opportunities to recycle and reuse products. For example, in just a few months, over 6 tons of batteries were collected in Moscow, and 25 tons of used textiles were collected in Norwegian stores last year.
More resilience requires moving away from a single sourcing strategy to diversification (China +1, for example) and more distributed safety stocks enabled by central visibility. We have huge amounts of data at our disposal and with the expansion of real-time visibility even more data will become available.
It’s no longer acceptable to treat returns as an aside unless you are prepared to fill a warehouse with goods with no clear path to resale or disposal—and suffer the ensuing cost impact. The ecommerce logistics practitioner must instead integrate reverse logistics into his or her company’s inventory management strategies and processes.
Transformation strategy. To do that CHEP launched its ‘Be a Transformer’ strategy in June 2018 and Gilder says the company has made significant progress. “As We knew we had to change the culture first before we could implement any kind of strategy,” says Gilder. “We The strategy has already had tangible results.
Looking to real-life examples for inspiration, we can ask, ‘Who does reverse logistics well?’ For regulators and the public, reverse logistics may be judged by how safe and how green the process is, for example, recycling products instead of throwing them into a landfill. Reverse Logistics Strategy 1: Don’t do it!
Hassing speaks about Samskip sale of TECO Samskip Chief Executive Officer Michael Hassing on Tuesday commented on his company’s sale of its 50 percent stake in short-sea operator TECO to Tschudi Shipping, saying the TECO did not fit in with Samskip’s "core strategy of focusing on the door-to-door market." "The
Reducing carbon footprints through behavior changes and the adoption of healthier practices in both home and industrial settings is an effective strategy to support environmental balance. Examples of GHGs include carbon dioxide and methane gas. Examples of GHGs include carbon dioxide and methane gas.
Yet when the right technology and supply chain strategies are implemented, these solutions can actually reduce cost to deliver and boost brand image at the same time. This definition includes the carbon footprint of the supply chain, dealing with waste disposal, packaging, recycling, reducing energy consumption, etc.
To determine the appropriate returns strategy retailers need to understand what is going on and tapping into returns data may unlock some important insights. In the apparel space, for example, there are systems that claim to match the consumer’s true size and dimensions against different brands’ notoriously variable interpretations of ‘size’.
For example, human and electric-powered bicycles, droids, combination drones, trucks, and collaborative cargo platforms are technology-based solutions that profoundly impact last-mile shipping. For example, sensors that enable cargo tracking through apps, smart grids, and route planning software change how shipments are handled. .
While finding the perfect solution for waste disposal remains a challenge, there are existing technologies that enable us to manage our waste more efficiently. Solid waste incineration stands as a notable example in this regard. How Long Will It Take? These tanks are designed and insulated with safety measures in mind.
So they set to work, initially with self-adhesive stick pads for forks, made from disposable rubber, that prevent scratching the stainless steel. For example, the company now offers mats with adjustable hooks, rather than static. GenieGrips, based in Melbourne, launched a prototype product at a trade show a decade ago.
Better still, it’s often possible to tackle packaging strategy from a dual perspective, seeking a solution which is not only less costly, but also more aligned with sustainable practices, and therefore beneficial to your company’s corporate responsibility credentials. Support for sustainability (reduced waste generation).
A good example would be trying to buy food or other goods during a pandemic – that’s the Bullwhip Effect in action. Network Design and Market Strategy – This is where you’re making those crucial decisions about where to place warehouses, which markets to serve, and how to structure your distribution network.
Many third-party logistics providers offer valuable advice and support for setting up returns consolidation through their networks, for example, as well as managing stock reuse, resale, donations, or disposal. Utilising delivery strategies In this landscape, delivery deals can serve as potent marketing tools.
Such activities include responsible water usage, minimal fossil fuel combustion, proper waste disposal, etc. Examples are cellulose packaging, corrugated bubble wrap, mushroom packaging, glassine, corn starch packaging, craft paper, organic fabrics, etc. Rethink Your Current Transportation Strategy.
Descartes Systems Group, for example, acquired Customs Info in June 2014 and Global Trade Content is one of the company’s fastest growing segments. Retailers still celebrating their strongest holiday sales in years now face the less-pleasant task of disposing of billions of dollars in returned merchandise,” writes Erica E.
However, the last two years have taught us that this approach simply is not good enough anymore; existing and planned supply chain investments, improvements and overall strategies need to be re-thought. For example, the price of 42# linerboard has gone up 35% in the last 12 months, over the course of 4-5 price increases.
However, it also harbours the potential to disrupt these pivotal strategies if they are not managed appropriately, writes Transporeon CEO Stephan Sieber. For example, there’s no reason for trucks to travel hundreds of empty miles when a similar truck, equipped for the task, is more than likely unloading nearby.
Consider the aforementioned question of maintenance, for example. You’ll know which products can be turned around and resold, which ones need to be reordered and whether you have products sitting around that could be repaired or disposed of. . And that’s just the beginning, really. Ditch Inventory for Ongoing Cycle Count s .
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content