Tue.Oct 03, 2023

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Stockouts: Guide to Prevent and Manage Inventory Shortages

Cyzerg

Stockouts or inventory shortages can spell disaster for businesses. Stockouts not only lead to lost sales and dissatisfied customers, but they can also damage a company's reputation. To help businesses navigate this challenge, we have compiled a comprehensive guide on preventing and managing inventory shortages. In this guide, we will explore the various causes of stockouts and their impact on businesses.

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Boost Warehouse Worker Retention with Tech-Aided Engagement

Amware Logistics and Fulfillment

Everyone knows warehouse worker retention is poor. Turnover is close to 50% according to most estimates. But not everyone knows that 60% of attrition occurs in the first 90 days of employment, according to Simon Rakosi , Co-Founder and COO at Butterfly.ai , a leading employee feedback platform.

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Trending Sources

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Cars-in-containers innovation boosts capacity

Supply Chain and Logistics

There is a shortage of ro-ro (roll on roll off) capacity for moving vehicles by sea. One possibility to move the cars is to put them into containers and ship them on container ships.

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Jay Leno's Tesla Semi test drive the closest look yet

Commercial Carrier Journal

Former late night host Jay Leno does his best to find out the Tesla Semi's tare weight, and fails, but still makes a great video showing off some of the truck's highlights.

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Artificial Intelligence and the Transportation Industry

Artificial intelligence has quickly become a feature of everyday life: Using face ID to unlock a phone, communicating with online chatbots, and letting “smart” appliances help manage our homes are just a few of the ways that we interact with AI regularly. Forward-looking businesses are also using AI to transform their operations and gain a competitive edge.

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Building Trust-based Supply Chains to Mitigate Forced Labor Risk

Supply Chain Brain

Importers must start asking the hard questions and take action to mitigate the significant legal, financial, and reputational risks of trading with partners involved with forced labor.

More Trending

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Four Tips for Optimizing Omnichannel Allocation and Replenishment With AI

Supply Chain Brain

With the omnichannel becoming the standard for fulfillment, decisions on allocation and replenishment become far more complicated than just meeting demand at the store level.

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Inventory Costs on the Rise, While Inventory Levels Decrease: Study

Food Logistics

In September, the Logistics Manager’s Index (LMI) reads in at 52.4, up (+1.2) from August’s reading of 51.2. This is the second consecutive month of expansion following three straight readings of contraction from May-July.

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What’s Hot in Logistics?

Logistics Bureau

Being aware of the industry’s trends provides a significant advantage to both you and your company. Do you know what the current trends in logistics are? It might not be exactly what you’re expecting. You might even be surprised by what’s hot! Let’s hear the latest updates from Rob!  Related articles on this topic have appeared throughout our website, check them out: Struggling with Logistics Challenges?

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Owner-operators' trucking income takes a beating

Overdrive Online

The best of the best among owner-operator clients of ATBS have improved fuel mileage and maximized time efficiency as much as possible to hold the line. In this Overdrive Radio edition, find the firm's annual mid-year benchmarking analysis in full.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Using data to effectively manage your fleet, reduce operating costs

Commercial Carrier Journal

Merely having data is not enough. You need the data to provide you with actionable insights.

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Peak Season Prep: Reduce Ecommerce Shipping Costs

Ship Monk

As we move into the busiest time of year for ecommerce businesses, the specter of sky-high shipping costs is still haunting us all. FedEx and UPS made the largest ever single-season general rate increases (GRI) in January, averaging 6.7% and 6.9% respectively. The USPS announced an average increase of 5.5%, and regional carrier Lasership/OnTrac announced an average GRI of 6.9%.

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National Healthcare Supply Chain Week: Partnerships Powered by TMS

MercuryGate

National Healthcare Supply Chain Week underscores the pivotal role of supply chain professionals in enhancing healthcare. MercuryGate collaborates with our users to foster innovative solutions, emphasizing efficient logistics and patient care. The post National Healthcare Supply Chain Week: Partnerships Powered by TMS appeared first on MercuryGate International.

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Self-Driving Trucks are 'Not Anywhere Close'

Supply Chain Brain

Professor Missy Cummings explained the limitations of artificial intelligence, warning, “There’s so much hype out there; it’s your job as supply chain executives to understand what’s real and what’s not.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

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Unifeeder Invests in Methanol-Powered Vessels

Logistics Business Magazine

Unifeeder Group has signed a long-term time-charter agreement for two new methanol-capable container feeder vessels and has an option for additional two similar vessels. German-based ship owning group Elbdeich Reederei will build and manage the 1250 twenty-foot equivalent unit (TEU) vessels which will be delivered in 2026. Unifeeder Group plans to deploy the new vessels on its European network, where the new vessels will give a significant contribution to lower the emissions of the network.

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AI, Robotics, and Technology in Supply Chain

Supply Chain Brain

We'll examine where robots fit within an organization's enterprise architecture and highlight opportunities for organizations to take advantage of trends in the robotics industry.

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Third Award for Reggio Emilia Battery Firm

Logistics Business Magazine

Reggio Emilia, Italy’s Flash Battery has won the ‘Enterprises for Innovation award for the third time, awarded by Confindustria to 12 Italian companies that successfully invested in research and innovation. The Sant’Ilario d’Enza-based company – one of Europe’s leading manufacturers of lithium batteries for industrial machinery and electric vehicles – took to the highest step of the podium, standing next to giants of the pharmaceutical, computer and aerospace industries.

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Watch: Solving the Tricky Problem of Returns

Supply Chain Brain

Pavan Mahtani, general manager of returns with Veho, explains the complications that arise from the management of returns, along with solutions that can mitigate the cost for all involved.

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How to Conduct Workplace Incident Investigations to Create Safer Workplaces

This white paper provides a comprehensive overview of global workplace incident trends, focusing on the top three biases leading to such incidents. It also highlights the significance of CSA Z1005 as a risk management standard and outlines the ROI of thorough incident investigations, covering emergency response to post-incident interviews. Additionally, it introduces an Investigation Evidence Gathering Matrix.

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Next Gen Rolling Container System

Logistics Business Magazine

Packaging innovator Loadhog has been working with its customers in the post, parcel, and ecommerce industries to design a new versatile rolling container system. This system offers increased versatility, better vehicle fill, improved handling efficiencies, and carbon reductions vs existing systems on the market today. Loadhog’s new modular system can be adapted for transporting and storing.

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Vicinity Motor Corp., ADASTEC Working on Automated All-Electric Transit Bus

NGT News

Commercial electric vehicle manufacturer Vicinity Motor Corp. has formed a partnership with automated driving software platform provider ADASTEC to create an SAE Level-4 automated Vicinity Lighting EV transit bus – the Vicinity Automated Lightning EV – for the North American market. The partnership brings together Vicinity’s expertise in medium-duty, accessible, fully electrified low-floor transit vehicles […] The post Vicinity Motor Corp., ADASTEC Working on Automated Al

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Create Value From Visibility With the Power of Supply Chain Control Tower

Loginext

A control tower offers visibility and easy access to up-to-date information for better supply chain agility and resilience. Learn how LogiNext helps clients with better decision-making, enhancing productivity, and maximizing fleet operations. The post Create Value From Visibility With the Power of Supply Chain Control Tower appeared first on loginextsolutions.com.

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IMF Warns Fragmentation Imperils Food Security, Green Transition

Supply Chain Brain

Minerals critical for the green transition and highly traded agricultural products are especially vulnerable to “geo-economic fragmentation,” the IMF said October 3.

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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Space and Consultancy Businesses Become Visku

Logistics Business Magazine

Supply chain consulting and warehousing solutions specialists, Bis Henderson, has brought together the unique strengths of its Consultancy and Space businesses under a single new identity, Visku – leveraging the immense wealth of expertise and extensive network capabilities of the two previously independent businesses. The third element of the Bis Henderson Group, Bis Henderson Recruitment, will continue to operate under its existing, well-respected and long-established name and will now become

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Boeing Wants to Produce At Least 57 737s Monthly by 2025

Supply Chain Brain

Boeing laid out this recent plan in the latest version of its master schedule for suppliers, which was re-affirmed by the company in the middle of September.

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CSCMP State of Logistics Report Fall 2023 Update: Resilience and Relationships Take Center Stage for Shippers

Penske Move Ahead

Volatility in supply chains remains, but an overall softening of freight has created opportunities for shippers to realign and reshuffle allocations of business as they focus on resilience, cost management and strong relationships. “The markets, in general, have experienced a strong shift in favor of shippers in terms of pricing and capacity availability,” said Josh Brogan, a partner with the global consulting firm Kearney and co-author of the 34th Council of Supply Chain Management Professional

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Gartner Releases Top Ten Asia/Pacific List

Supply Chain Brain

Alibaba placed second on the Asia/Pacific list followed by JD.com in third, Taiwan Semiconductor in fourth and Toyota Motor in fifth place.

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Brick & Mortar Retail Relevance: How to Stay Ahead of the Curve

Speaker: Jay Black, Senior Account Executive

Let's set the record straight: in-store retail isn't dead - it's evolving! Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Join Jay Black in this exclusive session as he explores the strategies that set successful stores apart, including: Crafting unique and unforgettable in-store experiences 🛍️ Mastering the art of retail demands 🛒 Navigating inventory challenges in today's climate 📦 an

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Rockwell Completes Acquisition of Clearpath Robotics

Logistics Business Magazine

Rockwell Automation, Inc. (NYSE: ROK), one of the world’s largest companies dedicated to industrial automation and digital transformation, has announced it completed its acquisition of Ontario, Canada-based Clearpath Robotics Inc., a leader in autonomous robotics, including autonomous mobile robots (AMRs) for industrial applications. The acquisition includes Clearpath Robotics’ namesake research division, a leader in developing autonomous technology for the innovation market, and the industrial

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United Airlines Pilots Approve Contract with Potential 40% Pay Bump

Supply Chain Brain

The Air Line Pilots Association (ALPA), the union representing United Airlines aviators, said the deal is worth about $10 billion.

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Unlocking the Future: Young Professionals in Supply Chain Management

Penske Move Ahead

Supply chain management is often regarded as a dynamic and ever-evolving industry, but what's the perspective of the young professionals entering this field? A recent collaborative effort between the Council of Supply Chain Management Professionals (CSCMP), Penske Logistics, and Korn Ferry sought to uncover just that. The comprehensive study, now in its fourth iteration, gathered responses from nearly 200 young professionals under the age of 30.