The Logistics & Supply Chain Management Society

AUGUST 19, 2022

Many companies buy forward inventory ahead of tariffs being implemented. This strategy, however, may incur additional warehousing and storage costs, and firms may experience accounting challenges where an inventory is considered an asset, which could affect cash flow. Operational strategies. Buying forward. Insourcing.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

GlobalTranz

APRIL 6, 2021

The demand caught off-guard those retailers and suppliers who relied on just-in-time inventory practices. Orchestrating the efforts of suppliers, manufacturers, truck drivers, warehouses, retail employees, and other critical links in the supply chain was no small feat. Manufacturing and supply chains couldn’t ramp up fast enough.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

6 River Systems

OCTOBER 19, 2020

Warehouse logistics is the heart of any supply chain operation, assimilating and dispatching goods to ensure availability and timely delivery. One of the best ways to reduce shipping costs and ensure fast delivery is by optimizing warehouse logistics. What is warehouse logistics? Where are they located? What is the order volume?

Warehousing 98

Warehousing Logistics Network Optimization Software Inventory Reduction Supply Chain Planning Software 98

Logistics Bureau

MARCH 3, 2019

Planning a Warehouse Network and Design: Key Factors to Consider. In this post, I’d like to talk about the key factors that will impact on the optimum facility network and design required to meet your warehousing or storage requirements. Some Tips for Multi-Warehouse Network Planning. What Happens in Your Warehouses?

Supply Chain Design Software 89

Supply Chain Design Software Supply Chain Design Warehousing Supply Chain Planning Software 89

Unleashed

NOVEMBER 29, 2021

Manufacturers and brick-and-mortar retailers have been using software to manage their inventory for years – but inventory management is even more important when you’re running a business that operates in the complex eCommerce space. Learn more: Guide to Effective Multichannel Selling What is eCommerce inventory management?

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Analytics Software Forecasting Software 98

PINC

JANUARY 22, 2020

Here’s a synopsis of his most-read articles for the year and the evergreen insights that he shared with readers: Excess Inventory? Discussing how this trend gathered steam last year thanks to a warehouse vacancy rate of 4.3% The High Cost of The One Percent Inventory Accuracy in Your Supply Chain (Logistics Viewpoints).

Supply Chain Software 26

Supply Chain Software Logistics Network Optimization Software Agile and Lean Supply Chain Supply Chain Optimization 26

Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

Logistics Viewpoints

JUNE 26, 2023

In terms of finding a 4PL solution provider, Mars wanted a company that could engage in truck loading and route optimization, and schedule shipments into and out of their warehouses. The algorithms generate recommendations on optimal ways to rebalance inventory based on cost and service level impacts.

Supply Chain Planning Software 183

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning 183

Logistics Viewpoints

MAY 22, 2023

A company can choose to maintain a high level of costly inventory to ensure short lead times, and a family can decide to live farther away from work and school but buy a bigger house. Moreover, this exercise might need to be repeated several times depending on how the war proceeds. Can every customer get products from every warehouse?

Supply Chain Design Software 206

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 206

Logistics Viewpoints

JUNE 28, 2024

The information the companies gather could, for example, allow managers to receive information about unexpected frost harming cherry production or information about harvesting delays, which could result in inventory changes. The robots will be put to the test, carrying boxes of items while simultaneously navigating around other coworkers.

Logistics Network Optimization Software 221

Logistics Network Optimization Software Waste Reduction Logistics Price Reduction 221

Enterra Insights

AUGUST 5, 2022

.”[1] Here’s the rub: “All those excess retail inventories are starting to weigh on warehousing markets. ” To make room for new inventory, many of America’s largest retailers are steeply discounting excess goods this summer. warehouse complexes, things are about to get worse.”[5]

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Inventory Reduction Price Reduction 130

The Network Effect

JULY 10, 2015

Pursuing improved forecasts is certainly not an academic exercise. Some research indicates a 6% forecast improvement could improve the perfect order by 10% and deliver a 10-15% reduction in unnecessary inventory. Got Credit/Flickr. Better forecasting translates directly into making better business decisions.

Supply and Demand 100

Supply and Demand Inventory Reduction Forecasting Cost Reduction Strategies 100

RFgen

AUGUST 18, 2015

Batch picking can be particularly effective for certain warehouse operations. As workers move among the warehouse aisles, inventory control managers want to ensure they are using the best possible strategies when picking products and supplies. Batch picking is best suited for large warehouses that fill multiple orders.

Inventory Reduction 52

Inventory Reduction Supply Chain Strategy Supply Chain Software Warehousing 52

RFgen

AUGUST 18, 2015

Batch picking can be particularly effective for certain warehouse operations. As workers move among the warehouse aisles, inventory control managers want to ensure they are using the best possible strategies when picking products and supplies. Batch picking is best suited for large warehouses that fill multiple orders.

Inventory Reduction 52

Inventory Reduction Supply Chain Strategy Supply Chain Software Warehousing 52

Logility

MAY 20, 2021

According to McKinsey and Company , with a digitization of the supply chain they have the capacity to save 75% of lost sales, reduce transport and warehousing costs by 30%, and decrease 80% of administrative costs – all while cutting inventory by 75%.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

Logistics Bureau

OCTOBER 10, 2024

You can achieve the benefits by simply rearranging products – within existing storage media – to reduce travel distance for pickers in your warehouse. Product slotting is a warehouse term that involves placing products in optimal locations within a warehouse to enhance operational efficiency. What is slotting?

Warehousing 61

Warehousing Cost Reduction Strategies Inventory Reduction Expense Reduction 61

Enterra Insights

JULY 25, 2022

… Traditionally, inventory counts [have been] a complex exercise done manually about once a year but RFID technology enables retailers to monitor stock monthly bringing accuracy from 60% to over 90%.” An NFC reader is a tool that can be integrated into the warehouse management picking verification system.

Internet of things 130

Internet of things Supply Chain Software Supply Chain Optimization Supply Chain Network Software 130

Logility

OCTOBER 1, 2021

Technologies that automate and accelerate this entire exercise help ensure forecasting and decision-making deliver this requirement, opening the door to a continuous cycle of integrated business planning. But this exercise is much more than generating recommendations on next steps. Plus, it saved US$4.2

Scenario Planning 130

Scenario Planning Modeling Supply Chain Planning Software Supply Chain Network Software 130

GlobalTranz

NOVEMBER 12, 2015

Overused and misunderstood in blog posts and informative articles, “big data” describes the use of data to improve your operation, which includes shipping, warehousing, and supply chain processes. However, you must exercise caution to make sure you do not damage your vendor-shipper relationship. Metrics and KPIs.

Continuous Improvement 120

Continuous Improvement Data Logistics Network Optimization Software Vendor Strategies 120

Vinculum

AUGUST 23, 2022

Or perhaps you already have a physical location but are having trouble keeping your inventory and orders in sync? The solution, then, is to link your order, inventory, and logistics to speed up inventory turnaround and coordinate your efforts. You must exercise extreme caution when choosing and purchasing a WMS.

United Arab Emirates 52

United Arab Emirates Optimization Software Inventory Management Software Logistics Network Optimization Software 52

DiManEx

DECEMBER 3, 2020

Stephan Wildenberg from the Dutch Armed Forces on stage to share insights from their transition to digital warehousing. When you decide to transition from a traditional supply chain to digital inventory, there are several hurdles you need to overcome. Change management is the top obstacle to AM adoption.

Manufacturing Procurement 81

Manufacturing Procurement Warehousing Case Study Procurement Analytics 81

SCMDOJO

JANUARY 23, 2023

It covers major supply chain processes such as managing supply and demand, warehousing, inventory control, transportation, and route optimization. It covers the three main procedures that make up effective supply chain planning: demand planning, sales and operations planning, and inventory and supply planning.

Prescriptive Analytics Software 131

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 131

SCMDOJO

JUNE 11, 2024

Actionable Tools and Templates: However, learners gain access to a valuable toolkit of templates, checklists, and frameworks that can be immediately applied in their workplaces such as inventory optimization tools. Learn about warehouse management, inventory control, transportation planning, and distribution strategies.

Buyer Training 80

Buyer Training Price Mitigation Strategies Training Logistics Network Optimization Software 80

SCMDOJO

OCTOBER 30, 2024

For instance, a student struggling with inventory management concepts can receive supplementary materials, interactive simulations, and one-on-one tutoring sessions tailored to their needs. Through these collaborative exercises, learners develop essential soft skills such as communication, negotiation, and conflict resolution.

Supply Chain Planning Software 82

Supply Chain Planning Software Analytics Software Forecasting Software Predictive Analytics Software 82

Talking Logistics

FEBRUARY 22, 2016

The article goes on to say [emphasis mine]: The shift, part of what Ralph Lauren says is a long-planned action, will move warehousing and inventory management service from a North Carolina distribution center run by XPO Logistics Supply Chain Inc.—an Ralph Lauren to Bring Management of Distribution Site In-House (WSJ- sub.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Negotiating Skills Negotiate Pricing 100

Enterra Insights

MARCH 18, 2021

In 2020,” Katsov explains, “managers of supply chains and inventories had to work through numerous shocks related to lockdowns, reopenings, shifts in consumer behavior and economic downturns. These developments have elevated the role of omnichannel inventory management and introduced additional challenges and complexities.”

Prescriptive Analytics Software 130

Prescriptive Analytics Software Supply Chain Software Analytics Software Predictive Analytics Software 130

SCMDOJO

JUNE 14, 2024

Exercises, case studies, and downloadable templates like “Inventory Optimization Tool” and courses such as “Warehouse Layout Design for Efficiency” equip you with immediate application Career-Boosting Credentials: Earn the prestigious SCMDOJO Certification in Supply Chain Management upon successfully completing the track.

Buyer Training 103

Buyer Training Supply Chain Design Software Price Mitigation Strategies Supply Chain Planning Software 103

Enterra Insights

NOVEMBER 6, 2018

which makes Internet-connected exercise bikes, but also for more traditional manufacturers such as the athletic footwear and apparel company Nike Inc.”[3]. Distributed Warehousing. ” By that, he means, you have to locate warehouses closer to customers. and Peloton Interactive Inc., ”[3].

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Strategy 100

Logistics Bureau

APRIL 19, 2021

If you’ve never done a benchmarking exercise before, read on. If, for example, you are concerned about the pick rates in your warehouse, or your transport costs, or your inventory accuracy, benchmarking can help you because it can show you exactly where your performance is compared to others in your industry.

Benchmarking 76

Benchmarking Supply Chain Performance Supply Chain Exercises 76

Supply Chain Shaman

DECEMBER 10, 2018

When I became a warehouse leader at Clorox to manage bleach and salad dressing in the same warehouse facility, I struggled with the marked difference of the rhythms and cycles of the products being managed in and out of the same warehouse facility. At the time, 40% of inventory of the Clorox company were these wipes.

Inventory Reduction 170

Inventory Reduction Cost Reduction Strategies Waste Reduction Material Savings 170

SCMDOJO

JUNE 17, 2024

Demand Fluctuations: The dynamic nature of customer needs, often affected by economic conditions, market trends, or seasonal factors, makes inventory management and market forecasting difficult. For example, the rise of e-commerce has changed store chain dynamics, demanding companies adjust to new means of delivery and warehousing.

Modeling 87

Modeling Supply Chain Planning Software Supply Chain Software Scenario Planning 87

BlueYonder

NOVEMBER 15, 2021

At that point, managers likely engage in narrowly focused manual replanning exercises that only consider the outcomes for their own function, instead of the entire supply chain. Warehouse and labor management. Fed by real-time data, AI-enabled decision engines automatically weigh the cost and service trade-offs of each option.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Supply Chain Planning 98

Unleashed

OCTOBER 13, 2021

Sales orders should include: Requested products Quantities Shipping details If your company has multiple warehouses or fulfilment centres, shipping details are important – they’ll help you decide which of your warehouses you send the order to. Learn more: What is an Inventory Management System?

Inventory Management Software 98

Inventory Management Software Inventory Reduction Forecasting Software Supply Chain Design Software 98

Enterra Insights

APRIL 4, 2018

Also, the expanse and coverage of these technologies have multiplied, as enterprises continue to integrate with suppliers, co-packers, manufacturers, warehousing teams, and procurement service providers. ” Cognitive technologies can help those exercises as well as contribute to other areas of risk management.

Risk Management 100

Risk Management Supply Chain Design Software Supply Chain Planning Software Analytics Software 100

ThroughPut

AUGUST 8, 2024

Overview You’ve been there time and again—inventory headaches. No matter what you do, it feels like your inventory is conspiring against you: always too much or too little, and it’s not just by chance that you find yourself in this familiar predicament. Inventory management tools, on the other hand, don’t face these particular issues.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

BlueYonder

JANUARY 8, 2024

This granular level of forecasting improves accuracy, which allows the supply chain to meet demand without creating excess inventory. By seeing the relationship between profit and planet more clearly, decisionmakers should be convinced of investments beyond them just being a tick-box exercise. The mindset is thus shifted.

Optimal Sourcing 112

Optimal Sourcing Modeling Waste Reduction Supply Chain Planning Software 112

Talking Logistics

NOVEMBER 10, 2015

Leveraging more technology, such as warehouse automation, is one way to manage rising labor costs. His company raised pay rates from $10 to $14 per hour in the warehouse, but OS&D (over, short, and damaged) costs decreased by 50 percent! Trends in Logistics Labor Market. per hour rate increase to edge out another job offer.

Supply Chain Design Software 100

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Software 100