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.

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.

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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.

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.

Ethiopian Airlines buy Opticooler System from DoKaSch Temperature Solutions

Airfreight Logistics

Ethiopian Airlines recently signed a master agreement with the German ULD supplier. German-based DoKaSch Temperature Solutions recently added Ethiopian Airlines to their growing client list, supplying them with the Opticooler system used as a solution for air cargo climate control.

Why Companies Need a Supplier Relationship Management Strategy


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.

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. Remember, poor strategic management is a factor in 44% of Australian business failures.

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.

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

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.

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. .

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.

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 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.

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.

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


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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Agility Reports Earnings Increase

Logistics Business Magazine

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% over the same period in 2018. Q2 EBITDA grew 31.2% to KD 48.6 million, and revenue increased 3.2% to KD 396.3 million.

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.

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. Change Management. Low supplier profitability.

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


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.

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


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.

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UPS announces expansion of LCL ocean service

247 Customs Broker

Shippers are looking for alternative service options to limit risk, increase security, and manage inventory more efficiently with reliable transit times. Jeff Berman is Group News Editor for Logistics Management , Modern Materials Handling , and Supply Chain Management Review.

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.

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


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.

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. Focus on suppliers who are open to co-shipping to reduce transportation cost.

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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. 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

Supplier Managed Inventory — that is, provide suppliers with real-time visibility to material consumption rates and inventory levels and have them manage replenishment automatically.