Wed.Jun 05, 2024

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What is Vendor Managed Inventory (VMI)? Supply Chain Explained.

ThroughPut

Vendor-managed inventory (VMI) is a collaborative supply chain management strategy where the vendor (supplier) manages the inventory levels at the customer’s location. This management involves the vendor monitoring stock levels, forecasting demand, and replenishing inventory. How does VMI work? VMI works through leveraging a couple of important elements.

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Warehouse Automation 101: A Beginner’s Guide

Logistics Viewpoints

Autonomous technology continues to make an impact on the supply chain. The autonomous supply chain , as I am writing about it here, applies to moving goods without human intervention (to some degree at least). While there is plenty of talk about autonomous transportation, including drones and self-driving trucks, warehouse automation is at the forefront of the autonomous supply chain.

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Beyond the Yard: How Velostics Streamlines Scheduling with Gaurav Khandelwal

The Logistics of Logistics

Gaurav Khandelwal and Joe Lynch discuss beyond the yard – how Velostics streamlines scheduling. Gaurav is the Founder and CEO of Velostics , a logistics Software-as-a-Service (SaaS) company specializing in unified scheduling of appointments, dock and yard management and digitizing the gate in/out process for shippers. Summary: Beyond the Yard: How Velostics Streamlines Scheduling In this podcast, Gaurav Khandelwal, CEO of Velostics, discusses how their cloud-based logistics software au

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Elevating Inventory Management with Multi-Echelon Inventory Optimization

Logility

Modern supply chains are far from linear. They now resemble complex labyrinths, where balancing overstocks and stockouts is merely the starting point. In this dynamic environment, businesses must meet rising customer service expectations while driving innovation and growth. Such complexity drives demand volatility. This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels.

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4 Ways To Drive Supply Chain Excellence in the Food Industry

The Supplier Relationship Management Playbook is your guide to building effective supplier partnerships that drive supply chain excellence. This playbook equips supply chain professionals with strategies for managing compliance, tracking performance, and fostering collaboration to reduce supply chain risks. Inside, you’ll find: Strategies for Compliance: Best practices to help meet regulatory standards.

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When People Change, We Need To Let Them: One Associate’s Message in Honor of Pride Month

BlueYonder

A note from the writer: I’m in a years-long group chat with a small group of the closest queer people in my life. We cheekily call it the GNN (Gay News Network), and we share everything from funny memes and ridiculous TikToks to inspiring articles and even our biggest worries and insecurities. Recently, I shared with the GNN some intimate, personal thoughts on change, and in honor of Pride month, I’d like to share an excerpt of that conversation with you.

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Volvo Set to Roll Out Supply Chain Tracker for EVs

Supply Chain Brain

The new tracker will provide details on materials used for EV batteries, as well as the carbon footprint for the batteries themselves.

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Understanding the Categories of Commercial Driver’s Licenses in the US

IT Supply Chain

By Ian Benson (pictured) Content Writer The post Understanding the Categories of Commercial Driver’s Licenses in the US appeared first on IT Supply Chain.

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Customer Segmentation: A Smarter Supply Chain Strategy to Streamline Operations & Boost Profits

ThroughPut

Here’s a simple yet illustrative example: Sara’s Sweets is a fictional bakery that collaborates with local cafes and also handles custom online orders directly from consumers. Online customers frequently demand highly customized products such as tailor-made cakes, detailing every aspect of their order. These requests are irregular but tend to spike during special occasions like weddings and the holiday season.

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Illuminating Adversarial Influence in Seaports

Exiger Perspectives

Illuminating Adversarial Influence in Seaports June 5, 2024 White Paper Challenge Maritime critical infrastructure security has been an increasing U.S. national security priority, particularly after the 2022 attacks on the Nord Stream pipelines in the Baltic Sea. There is growing concern about foreign influence in U.S. seaports as economic competitors and their governments make a concerted effort to expand influence into seaports around the world.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Supply Chain Segmentation: A Smarter Strategy for Satisfying Customers and Increasing Profits

ThroughPut

Here’s a simple yet illustrative example: Sara’s Sweets is a fictional bakery that collaborates with local cafes and also handles custom online orders directly from consumers. Online customers frequently demand highly customized products, such as tailor-made cakes, detailing every aspect of their order. These requests are irregular but tend to spike during special occasions like weddings and the holiday season.

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EU Deforestation Regulation: How To Get Ready Today

Exiger Perspectives

EU Deforestation Regulation: How To Get Ready Today Prepare for Compliance with Our White Paper The Dec. 30 deadline to comply with the European Union’s Deforestation Regulation (EUDR) is looming for companies that operate within or into the EU. With severe penalties for noncompliance, including substantial fines and potential reputational damage, the time to act is now.

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Uncover Supplier ESG Risk with Resilinc’s ESG Risk Assessment

Resilinc

Learn how Resilinc’s ESG Risk Assessment can help your company proactively mitigate ESG Risks hidden in your supply chain. ESG (environmental, social, governance) is becoming increasingly important for supply chains across the globe. As governments introduce stricter ESG legislation related to environmental protection, labor rights, and corporate governance, companies must perform due diligence to avoid costly penalties and legal risks.

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The A-B-C of Route to Market: A Simple Guide to Achieving Success

Enchange Supply Chain Consultancy

Myself and Enchange colleagues have written 100’s of posts and articles about Route to Market for well over five years. It is fair to say that our message has spread far and wide and attracted a lot of attention in the RtM and commercial world. I want to bring this work together in the form of a simple new model. I will call this model the A-B-C of Route to Market.

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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Supply Chain News onInching Closer to the Autonomous Warehouse

Supply Chain Digest

German Software Firm Arvato Announces AI Powered WMS for Autonomous Operations

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The Trillion-Dollar Problem for Retailers: Not Having Clean Data

Supply Chain Brain

A study by the IHL Group found that retailers miss out on nearly $1 trillion in sales per year because of out-of-stock items.

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Happening Now: Signs of Transportation Market Tightening

West Coast and California Logistics

According to Trucking Dive , the transportation market is experiencing a “rightsizing.” 2024 is seeing about the same number of new trucking companies enter the market as there were last year. Overall, however, there are more trucking companies shutting down than there are entering the industry.

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Watch: How Can LSPs Help Their Customers To Weather Disruption?

Supply Chain Brain

Ann Marie Jonkman, senior director of global industry strategies with Blue Yonder, frames the key questions that logistics service providers should be asking, as they consider adopting innovative technologies on behalf of customers.

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How to Master Product Portfolio Management

Pursuing product portfolio management excellence empowers organizations to unlock the full potential of their offerings. This comprehensive guide unveils 10 essential keys that serve as the building blocks for success.

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Introducing Precoro and Home Depot Integration — Simplified Procurement for Construction and Renovation

Precoro

Life as a procurement manager can be pretty hectic. Juggling multiple orders that need to be completed in short time frames and spending hours entering order details—it all adds up to a demanding day. Precoro is introducing a better solution that makes construction and renovation purchases quicker and error-free. Access Home Depot’s extensive catalog of building materials, renovation supplies, and gardening tools directly from within Precoro.

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U.K. Clothing Exports Take Nosedive Since Brexit

Supply Chain Brain

Exports of clothing and footwear from the U.K. to the EU have dipped from £7.4 billion ($9.4 billion) in 2019 to £2.7 billion in 2023.

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Digital Freight Company Transfix Sells Brokerage Business

Supply Chain Brain

The sale will include the addition of 15,000 carriers for NFI Industries, while Transfix says it will keep just over 100 of its roughly 350 employees.

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Auto, Steel Groups Urge Canada to Match U.S. Tariffs on China

Supply Chain Brain

Prime Minister Justin Trudeau and other Canadian officials have said they are monitoring the American tariff policy, but have not committed to following suit.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.