Supplier-Managed Inventory for Central Kitchen Operation

SIPMM Professional Publications

Every successful food business operates with an effective inventory management system, which is the core of Supply Chain Excellence. The post Supplier-Managed Inventory for Central Kitchen Operation appeared first on SIPMM ACADEMY.

Cost Reduction Strategy through Supplier-Managed Inventory

SIPMM Professional Publications

Supplier-Managed Inventory (SMI) is the process whereby a supplier plans, manages and replenish inventory for a customer. Extensive information sharing is required so that supplier can maintain a high degree of visibility of its goods at the customer’s location. Instead of the customer reordering when its supply has been exhausted, the supplier is responsible for […].

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Companies Are Wildly Overestimating Their ‘Digital Maturity’ in Supplier Management

Supply Chain Brain

When it comes to assessing progress toward digital transformation of the procurement function, a lot of companies appear far less advanced than they think they are

Internet-of-Thing (IoT) Applications for Digital Procurement

SIPMM Professional Publications

Digital technologies will help procurement increase collaboration, analytics, and engagement using a spectrum of tools along the entire procurement value chain, from planning and sourcing to contract negotiations, order delivery, payment, and supplier management.

Reconfiguring the Automotive Post Pandemic Supply Chain

Logistics Trends and Insights

From a supply chain perspective, obtaining parts and other components will be tricky particularly from suppliers further down the supply chain. Tier one suppliers may be ok but there may be more intense financial problems for the smaller ones and thus may lack the resources to re-start operations. CEVA Logistics AG was appointed by General Motors, to manage its ventilator production supply chain.

How To Manage Your Inbound Freight Shipments

GoShip Blog

Why is inbound shipment management important? Many companies decide to let vendors and suppliers manage inbound loads on their own. The first step to cut costs on inbound shipments is taking control over the freight management process.

What Is Vendor Compliance Program for Retail?

GoShip Blog

Specifically, more retailers are now developing and deploying vendor compliance programs for their suppliers to manage the business on pre-determined conditions. This way retailers secure themselves and enhance their vendor management.

Customer Relationships as a Carrier

Trinity Logistics

Generally though, it’s difficult for a large shipper to work with a carrier that can’t commit at the drop of a hat to cover same-day freight, or drop trailers, comply with 90-180 day pay terms, or a host of any other regulatory or supplier management costs. Just like the fuel pumps, rates change in the spot market daily. When fuel prices dipped below $1.50 per gallon in April in some areas, the fuel producers dropped their price based on demand.

Seguin takes over global freight forwarding at UPS

Automotive Logistics

Romaine Seguin (pictured) has become president of Global Freight Forwarding at packaging delivery and supply chain management company, UPS.

Valmet starts production of new Mercedes-Benz

Automotive Logistics

As lead plant for production of compact cars, Rastatt also controls quality and supplier management on a global basis.

How to Conduct a ?Health Check? on Your Supply Chain

Supply Chain Brain

So it’s useful to have a means of determining just how healthy this amalgamation of relationships is, particularly as it relates to one’s supplier base. Hosted by Bob Bowman, Managing Editor of SupplyChainBrain. Show notes : D&B’s perspective on supplier management. Global Trade Management Business Strategy Alignment Global Supply Chain Management Regulation and Compliance Supply Chain Security & Risk Mgmt

Ethiopian Airlines buy Opticooler System from DoKaSch Temperature Solutions

Airfreight Logistics

Ethiopian Airlines recently signed a master agreement with the German ULD supplier. Managing Director for Ethiopian Cargo & Logistics Services, Fitsum Abady said “We are very glad to offer our customers a highly reliable packaging solution to transport temperature-sensitive shipments with DoKaSch’s Opticooler,” he further added “In this fast growing and strongly competitive market, it is important that we offer our customers the best packaging solution for their sensitive cargo.”.

CEVA Logistics appointed by General Motors to Manage Ventilator Supply Chain

Airfreight Logistics

Shipments of vital components coordinated and managed by CEVA Logistics from around the world to GM’s US production site in Kokomo, Indiana Planning, coordination, and execution skills of CEVA Logistics teams enable General Motors and Ventec Life Systems to begin mass production of critical care ventilators under contract to the U.S. The post CEVA Logistics appointed by General Motors to Manage Ventilator Supply Chain appeared first on Airfreight Logistics.

Seko announces major expansion in Mexico

Automotive Logistics

The company will offer its OEM, tier one and other clients air freight, ocean logistics, ground transport, warehousing and distribution, customs and compliance within fully secured environments in Mexico, said Manuel Diaz, newly appointed managing director of Seko Logistics Mexico. The group’s services include manufacturing support, inbound supplier management, aftermarket parts replenishment and reverse logistics.

Why Companies Need a Supplier Relationship Management Strategy

Cerasis

While the opportunities are numerous so are the challenges; in this fiercely competitive global marketplace success requires companies to pay closer attention to supplier relations. Global leaders should retain suppliers with vested interest in the long-term success of the company. To attain this level of trust with suppliers, companies should approach these relationships with the same care they use when approaching customers. Manage working capital.

8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. Remember, poor strategic management is a factor in 44% of Australian business failures. .

Coronavirus Series Part 4 – Managing Supply Chain Disruption Caused by COVID-19

EazyStock

In our four-part blog series on Coronavirus and its impact on inventory management , so far we’ve looked at how to overcome COVID-19 demand forecasting challenges and improving inventory planning during the pandemic. As this happens, suppliers will begin to ‘return to normal’ and lead times will start to fall. However, with such a complex network of suppliers and sub-suppliers already in place across Asia, this could be an extremely difficult challenge.

Top Logistics Terminology

3PL Insights

These functions may be managed in the 3PL warehouse, or the client’s warehouse, depending on the situation. Distribution center: A warehouse facility, or distribution center, stores, manages, and ships inventory for its clients. Pallets, hi-los, bar codes, and carriers.

15 Improvements by the Deployment of The Internet of Things in the Supply Chain

Cerasis

Cerasis embraces IoT-type technology, such as integration , as an interconnected, intelligent network that combines together many tiers of contract manufacturers, suppliers, service providers, customers, and distributors, regardless of their geographical location. Traditional supply chain tasks in procurement , planning, logistics and supplier management would be streamlined by intelligent, data-driven systems in a collaborative multi-enterprise environment.

Coronavirus Series – Inventory Management Challenges & Solutions

EazyStock

It’s already apparent that those supply chain management (SCM) teams that can adapt their operations and respond quickly to these issues will be one step ahead of their competition. It is critical to helping inventory management teams understand and manage demand and supply variables. Save Time by Automating Inventory Management Calculations. It’s now time that inventory management teams did the same. Identifying and Managing Critical Stock.

Big Data Analytics: A Key to a Successful Supply Chain in the Next 5 Years?

Cerasis

Big data utilization is the wave of the future for all aspects of business including supply chain management. The problem is that not every company has the resources to begin the process of big data management and have yet to see the extent of benefits it can provide to analyze and use such data management. The main benefit of big data analytics regarding supply chain management is customer service. Supplier Management. Pricing Management.

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SupplyOn Celebrates Gartner Magic Quadrant Recognition

Logistics Business Magazine

Such networks are predominantly owned and managed by third-party software vendors, and provide their community of buyers, sellers and partners with multienterprise functionality, services and security with special emphasis on supply chain execution.

Achieving Compliance To Foreign Supplier Verification Program (FSVP)

Infosys Supply Chain Management

One of them was titled FSVP - Foreign Supplier Verification Programs. They were beginning their journey towards establishing a formal and a complete Supplier Compliance Management capability and we were chosen as their partners in this journey. The bases for building a robust Supplier Compliance Management capability is to establish a Supplier Information Management system. Identify the set of suppliers impacted by the FSVP b.

7 Reasons Why the Supply Chain Matters to Business Success

Logistics Bureau

2) According to a 2012 report into corporate insolvencies by the Australian Securities and Investments Commission, 44% of businesses in Australia failed because of poor strategic management. 3) It is also common for the supply chain to be the least understood area of strategic business management, which for an activity generating up to 90% of overall business costs , is alarming indeed. Remember, poor strategic management is a factor in 44% of Australian business failures.

Papyrus embraces new planning process with Pharos, a central supply chain control tower application

AIMMS

Papyrus, a leading European paper wholesaler, started using AIMMS in May 2014 to implement radical changes in its supply chain network and re-envision its forecasting, replenishment & supplier management workflow. Suppliers delivered to approximately every warehouse, with long lead times of four to five weeks. Suppliers will reduce lead times in return for more accurate forecasts. Operation with suppliers will take place in non-traditional, collaborative ways.

Cost To Serve – A Smarter Way to Improved Supply Chain Profitability

Logistics Bureau

Even if you simplify your product range and your upstream suppliers, you still have to deal with the ramifications of diverse customers, their expectations, their location and the logistics needed to meet their requirements. Returns management. Supply chains are complex entities.

Agility Reports Earnings Increase

Logistics Business Magazine

GIL is focusing on accelerating the roll-out of its global operating platform, as part of a broader digital transformation strategy that is intended to drive improved customer experience, more effective supplier management, enhanced business efficiency and productivity, and better data for decision-making. Agility, a leading global logistics provider, today reported second-quarter earnings of 12.99 fils per share on net profit of KD 21.6 million, an increase of 8.1%

Lean Manufacturing Systems: How Mobility Empowers the New “Lean”

Cerasis

Truck drivers cannot sit at the desk and deliver product, suppliers cannot process orders and pick products without leaving the desk, and quality assurance inspectors cannot review products without leaving the desk. These managers can then make decisions on the basis of data-driven capabilities and known variables within mobile applications in manufacturing. The use of lean manufacturing systems has become commonplace in modern manufacturing.

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The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement. Many manufacturers & retailers have found that they can use state of the art supply chain management to reduce inventory & warehousing costs while speeding up delivery to the end customer.

Supply Chain Risk Management

Logistics at MPEPS at UPV

While globalization, extended supply chains, and supplier consolidation offer many benefits in efficiency and effectiveness, they can also make supply chains more brittle and can increase risks of supply-chain disruption. That the reason that Supply Chain Risk Management (SCRM) is essential to a successful business. Change Management. Low supplier profitability. Supplier risks. . Key Suppliers Located in High Risk Areas. Management risks.

UPS announces expansion of LCL ocean service

247 Customs Broker

UPS said this service is geared towards shippers that do not have enough cargo to fill an entire ocean freight container, with this service providing them with an economical way of transporting goods compared to other freight transportation modes, as well as being able to leverage other UPS services, including UPS Capital cargo insurance and financing services, customs brokerage, supplier management, sea-air service, UPS Preferred, LCL, and China-Europe Rail service.

KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Inventory management. Purchasing and supplier management. Nevertheless, it is essential to have a hierarchy of KPIs , since, as already mentioned, a level of granularity suitable for one level of management will be either too general, or too detailed, for another.

The Business Benefits of “Going Green” with Your Supply Chain

247 Customs Broker

While you can’t always influence the practices of your suppliers, you can determine the suppliers with whom you work. To minimize shipping distances, work with local suppliers whenever possible. When evaluating suppliers, think beyond costs and consider their environment performance. Focus on suppliers who are open to co-shipping to reduce transportation cost. If you are single sourcing particular raw materials, analyze the supplier’s renewals and reusables.

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Waking up to a new dawn

Automotive Logistics

According to Karassawa, as well as building cars, GM is also building a culture of efficiency and innovation with suppliers and dealers. Furthermore, GM is strengthening partnerships with its current and new suppliers by fostering cost-saving opportunities such as focusing on reducing movement in the value chain and improving quality. MAN works with seven logistics suppliers to provide parts, and uses their trucks.

Elevating the Heavy Building Materials Supply Chain (Takeaways from Command Alkon ELEVATE 2017 Conference)

Talking Logistics

And that was the main point of the keynote presentation: to illustrate to all the stakeholders in the HBM ecosystem (producers, suppliers, contractors, and haulers) the possibilities and opportunities that exist to elevate the way they communicate, collaborate, and orchestrate (plan and execute) their processes. Visibility Enables “Manage by Exception” : enables companies to focus time and resources on what’s not occurring to plan to proactively resolve or minimize its impact.