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Supply Chain Management

The Path to Automation Begins With These Steps

Automation in the supply chain planning used to be about investing more in infrastructure and bigger machines. However, when the industries caught up with machines and logistics, the concept of efficiency began to change drastically. It was no longer a race as to who had the bigger trucks. The race now is for the automation of supply chain processes. Reduction of human touch definitely played a crucial role in speeding up supply chain operations. The machines industries have known for a long time began to change: forklifts became computer-controlled and largely automated, batches of products were tagged automatically with RFID and warehouses were heavily equipped with delivery features that defied the capability and speed of human workers. Efficiency Is for Everyone The first step, especially if you’re delivering goods on a global scale, is to first establish goals and milestones. What are the locales, how much do you need to deliver and when? Next is KPI tracking done on a worldwide scale, making sure you hit all the countries your company serves in a timely manner. The Global Center of Excellence in the Netherlands believes companies in various industries can excel in supply chain planning if they put their minds to it. Centers for excellence can be used by companies to pilot test newer, more centralized approaches for supply chain management. They must also invest in machine learning technologies and other tools that are necessary for better warehouse management and product...

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How to Make the Most of Your Managed Inventory System

There are now so many options to consider when it comes to finding the best management resources for your business. One of the most popular and commonly used options, at least where the retail sector is concerned, is the vendor managed inventory system. Yet, for all this particular piece of tech can do, most people remain unaware of how to use it to its fullest potential. Here are three of the best ways to utilize a vendor managed inventory system and receive its complete benefits. Streamline Your Processes One of the best ways to utilize your vendor managed inventory system is through rendering your business processes so they are much more efficient than they’ve ever been. This typically involves adjusting which types of information regarding your inventory are immediately accessible to you and your team. That way, you always have some idea of where you stand with your suppliers and how much is available within your inventory. Keep Your Information Organized When you’re in the midst of managing your business, you must stay on top of a vast array of details. The average vendor managed inventory system is designed to make all of this much easier. You can sort out information about your vendors down to the smallest bit of information, such as what unit of measurement or containment a specific vendor prefers for their stock. Work with Others More Easily A vendor managed inventory system typically promotes collaboration in some shape or form. This makes it easier to work with everyone on every level of your team, from vendors to upper management. You can even utilize your vendor managed inventory system to more easily interact with customers. ilizing such a system makes it easier for everyone to be on the same page regarding the ins and outs of your...

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The Importance of Supply Chain Planning for Small Business

A concern for many small businesses is the small business mindset. This is common in all industries and throughout all types of small businesses, but it starts with the belief that what works for a big business is too cumbersome, costly and complicated to also work for a small business. Unplanned Supply Chain Growth Problems When it comes to the supply chain planning, this type of thinking can be very costly. Small businesses often start out with a few suppliers and vendors and a limited distribution need. Then, as the company grows, the number of suppliers becomes larger, and the distribution component of the business becomes more complex. As vendors are added on, there is no focused supply chain planning, rather an ad hoc approach to simply picking and choosing options or working with existing companies in the supply chain. However, this process can create redundancies, inefficiencies and high costs that are never discovered until an assessment and evaluation of the supply chain is completed. The Software Solution To avoid this issue, small businesses can take advantage of software to provide full insight into supply chain development and growth. This allows the business to consider options through the software, making choices with both a short and long-term advantage to the company. With the use of cloud-based supply chain planning software solutions, small businesses can have affordable, practical and effective processes equal to those used by major national and international companies. With greater efficiency and lower costs, a small business has benefits in planning growth, moving into new markets and making effective decisions from the start of the option. Supply chain software for planning can be integrated into a business at any time. It is an essential consideration when reworking supply chains, providing the data needed to make decisions and changes to improve the current...

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