Collaborative Planning in Supply Chain – Share your Forecasts

Forecast Collaboration How to reduce Supply Chain Planning cycle time and inventory levels? How to automate inventory replenishment? What will happen if one of my suppliers reduce capacity on one of their plants? How do I inform my suppliers when my customers reduce their demand? All the above questions are asked by Supply chain managers frequently when they are planning their supply chain horizon. Collaboration is the key answer to all these questions Current Collaboration Status Today’s collaborative planning process is mostly a collection of disconnected [...]

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Amazon Vendor Central – Required Shipment Information

Shipment Information to be Provided for Amazon Vendor Central Shipments are important process for Amazon vendor central. Depending upon the Freight terms, suppliers are expected to provide shipment information at different stages. Prepaid Shipments Prepaid shipment suppliers are expected to provide shipment information only after the shipments have left their facility. As there are no routing request to be created for Prepaid shipment, it is not necessary to provide carrier request. These suppliers need to provide only Advance Shipment Notice (ASN) after [...]

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Vendor Managed Inventory (VMI) – Visibility is the Key

   VMI (Vendor Managed Inventory) is the one of the best Inventory Management tools that will reduce the inventory carrying cost. By making your suppliers carry the inventory on behalf of you, you are reducing the risks and costs of inventory obsolescence. In VMI process, the supplier is expected to carry the inventory and make it available as and when it is needed. Customer pays only the for the inventory they have pulled or consumed. VMI Location The vendor managed inventory may [...]

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Amazon Vendor Central – Collect Shipments Routing Request

 If you are selling through Amazon vendor central and the orders are collect orders, it is necessary to get the carrier assigned by Amazon before you can ship the orders   What is Collect and Prepaid Orders If Amazon pays for the shipping, it is called COLLECT Freight orders and if you are paying for the shipment, it is called Prepaid orders. While negotiating the contract terms with the suppliers, Amazon decides if the vendor is a prepaid or collect vendor. If it [...]

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Optimizing Output Through Vendor Managed Inventory

  In any business that deals in physical products, its inventory is its number one concern. Having a surplus means potential wastage and reduced efficiency, while having a deficiency means the inability to fulfill orders. Both situations are potentially disastrous to the business, and need to be prevented at all costs. As such, having an efficient inventory management solution is invaluable to any business. VENDOR MANAGED INVENTORY A vendor managed inventory (VMI) system is where the supplier or vendor holds the products [...]

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The Importance of Inbound Shipment Visibility and How to Improve It

Of all the aspects of a supply chain, inbound visibility is one of the most important. Having an accurate view of when shipments will arrive can allow you to plan your inventory ahead of time and fulfill orders with the knowl edge of what level your inventory will be at. In addition, having visibility can allow you to confirm your supply with confidence. While these benefits are great, the problem is that perfect visibility is almost nowhere to be found. [...]

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Supplier Management Through a Vendor Portal

  In today’s rapid business world, immediate and efficient access to information is a must. Along with your customers, suppliers and purchasing agents need the same level of info just as fast. The fastest and most cost-effective way to implement this is with a supplier vendor portal. Here are some of its benefits: SUPPLIER SELF-SERVICE Portals allow the supplier to have a high degree of autonomy. Inquiries that would have taken days or even weeks through a lengthy process of calls and [...]

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Productivity vs. Efficiency – What to Measure and When

The terms ‘Productivity’ and ‘Efficiency’ are often used interchangeably to represent the same idea; however, the two terms represent two distinct concepts and it is important to know when each metric matters. PRODUCTIVITY V EFFICIENCY Productivity is the raw measure of how much product is made in a certain time, disregarding other metrics, like demand or wastage. For example, an employee of a company that makes 45 units an hour while the company only needs 30 is seen as very productive. [...]

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The Key to Ensuring Food Safety – Blockchain

In the fall of 2018, there were a multitude of E.Coli outbreaks in the US, affecting mostly lettuce and ground beef. Due to the disastrous effects of the bacteria, keeping it away from customers is of the utmost priority. The difficulty in doing this arises from the near impossibility of fully tracing back a food product to its source. Between the restaurant that serves it and the farm that grows it, there may be a multitude of middlemen, each [...]

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The Importance of a Connected Supply Chain

The Importance of a Connected Supply Chain Most companies rely on traditional processes to ensure the gap between demand and supply is as small as possible. These include forecasts and purchasing plans, which are used to order the necessary materials on time. To factor in some variation, companies may have a distribution plan in place, all of which come together to give the customer a precise delivery window. This entire process, however, is prone to delays and miscalculations, all of [...]

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