Nufarm taps SAP Ariba for supply chain transformation

Supply Chain

Article | May 26, 2023

Explore the techniques to improve warehousing and distribution centre. Learn from the best books of logistics and distribution management and enhance warehousing operations and distribution processes. Efficient warehouse management is crucial in the complex world of distribution and logistics. With various warehouse types serving different purposes, warehouse managers are responsible for ensuring smooth operations, safeguarding valuable goods, and optimizing supply chain units. Building a strong knowledge base is key, and the best way to start is by delving into the top warehouse management books. This article presents a curated list of essential reads that will provide you with a solid foundation in the warehouse and distribution field. From understanding fundamentals to exploring cutting-edge practices, these books help in better decision-making regarding warehousing and distribution operations. 1. Fundamentals of Warehousing & Distribution Author Name: Material Handling Industry Fundamentals of Warehousing & Distribution is an essential book for professionals in the warehousing and distribution industry. Published as part of the MHI Career & Technical Education Program, this series of four warehouse management books provides comprehensive knowledge on material handling equipment, information technology tools, and warehouse operations. Volume 1 serves as a foundational guide, introducing readers to modern warehouses and distribution centers' equipment, processes, and operations. With its focus on practical knowledge and industry best practices, this warehouse and distribution book provides readers with the skills and expertise necessary for successful warehouse and distribution management. 2. Warehousing and Distribution Practices Author Name: xu ji ying Divided into two parts, Warehousing and Distribution Practices covers seven key areas of the real-world processes for managing storage and implementation of effective distribution strategies. This distribution management book focus on essential knowledge and skills, each section provides valuable insights through logistics standard terms, case studies, knowledge links, and practical application. As one of the best books on logistics and distribution management, it will give you the complete step-by-step guidance to expand and improve warehousing and distribution centre by leveraging the theory shared by xu ji ying. 3. Warehousing And Distribution Management Project Type Tutorial Author Name: Wang Yu Warehousing and Distribution Management Project Type Tutorial, a logistics and supply chain management book, revolutionize logistics education with its innovative approach. This comprehensive book goes beyond traditional teaching methods, immersing readers in real-world scenarios and practical projects. Through eleven immersive teaching projects and thirty-two dynamic learning tasks, readers gain hands-on experience in system planning, business management, quality control, inventory operations, technology application, and more. Developed in collaboration with industry experts, this tutorial bridges the gap between theory and practice, empowering logistics professionals to navigate the complexities of warehouse and distribution management. With its unique project-based structure, this warehousing and distribution book delivers a transformative learning experience for aspiring logistics and supply chain industry leaders. 4. Fundamentals of Warehousing & Distribution: Volume 3 Author Name: MHI Fundamentals of Warehousing & Distribution, a logistics and supply chain management book revolutionizes how logistics professionals perceive warehouses. By delving into captivating case study examples, this book unveils the intricacies of different warehouse configurations, showcasing how cutting-edge equipment and technologies empower diverse order fulfilment strategies. It challenges conventional wisdom by emphasizing that warehouses are no longer mere storage spaces; they have transformed into dynamic hubs that efficiently cater to a wide range of order types, from bulk shipments to individual products. With its ground-breaking insights and practical applications, this volume is a game-changer for industry experts seeking to elevate their warehousing and distribution management skills. 5. Warehouse Distribution and Operations Handbook Author Name: David Mulcahy Optimize warehouse operations with this warehouse and distribution management book, Warehouse Distribution and Operations Handbook. With a focus on improving inventory management, reducing costs and enhancing customer experiences, this handbook offers best practices, methods, equipment applications and technologies to utilize in different warehouse and distribution centres. Whether it's industrial, mail-order, or retail facilities, this comprehensive logistics and distribution management book provides the knowledge and strategies to drive profitability and control assets. It is an essential resource for anyone in the logistics industry looking to master distribution management and excel in warehouse operations. 6. Warehouse and Distribution Centre Author and Editor Name: Robert Mulder & Michiel Kobussen The warehouse and Distribution Centre is a valuable resource for logistics professionals and architects navigating the evolving landscape of warehouse design. This distribution management book addresses designers' pressing challenges, including cost control, technical requirements, and safety considerations. It offers a comprehensive system of theories, guidelines, and design standards, accompanied by a diverse collection of global warehouse and distribution centre projects. Balancing both the ends of practical reference and inspirational examples, this best book for distribution management equips readers with the knowledge and insights needed to create efficient, innovative, and sustainable warehouse and distribution solutions. It is a must-read for anyone involved in warehousing and distribution management. 7. Warehousing and Distribution Operation Practice Author Name: peng jian cheng Rooted in practical vocational education, Warehousing and Distribution Operation Practice is a book that emphasizes integrating theoretical knowledge with functional operations. It provides a hands-on approach to learning, enabling readers to apply their knowledge directly in real-world scenarios. This warehousing and distribution book will give you the required skills and expertise to optimize operational efficiency. With the help of practices shared by peng jian in the warehouse management book, readers will get insights into supply chain management and logistics operations. In addition, it will not only help in improving the processes in the warehouse and distribution but also enhance the overall business. 8. Operations and Supply Chain Management Essentials You Always Wanted to Know Author Name: Vibrant Publishers & Ashley McDonough Overcome the complexities of supply chain management and warehouse operations with Operations and Supply Chain Management Essentials You Always Wanted to Know. This engaging book takes you on a captivating journey through the interconnected world of logistics, unveiling the significance of every step in the process. Through a compelling narrative centred around a fictional company and its consumer product, you'll explore the challenges, decisions, and adaptations supply chain professionals face. Gain a deep understanding of supply chain operations, from disruptive forces to practical applications, and discover the importance of interactive business domains. 9. Start your Own Wholesale Distribution Business Author Name: The Staff of Entrepreneur Media & Christopher Matthew Spencer Embark on a lucrative journey in the distribution industry with 'Start Your Own Wholesale Distribution Business.' This comprehensive guide, crafted by the experts at Entrepreneur Media, equips you with the essential steps to establish a thriving wholesale operation from the comfort of your home. Discover the art of being an intermediary, connecting manufacturers and retailers to reap profits. Uncover industry-specific strategies, secure funding, identify profitable niches, forge valuable partnerships, and effectively market your business. With insights from experienced wholesale distributors, sample forms, checklists, and worksheets, this warehousing and distribution book is your roadmap to mastering the world of distribution and logistics. 10. Warehouse Management: The Definitive Guide to Improving Efficiency and Minimizing Costs in the Morden Warehouse Author Name: Gwynne Richards Discover one of the best books for logistics management in the modern era with 'Warehouse Management: The Definitive Guide to Improving Efficiency and Minimizing Costs in the Modern Warehouse.' This extensively updated fourth edition delves into the latest technologies, such as robotics, cobots, and AI, revolutionizing warehouse operations. Author Gwynne Richards offers expert insights and realistic solutions to optimize warehouse performance and improve efficiency. This effective distribution management book provides strategies and environmental initiatives to ensure a sustainable supply chain. Packed with real case studies and online resources, this book is an essential resource for distribution and logistics professionals. Conclusion Warehousing and distribution books have been a valuable resource for reference in the logistics field. While this compilation is not exhaustive, it offers a robust selection of warehouse management books that can effectively address various related challenges. Whether seeking insights into warehouse and transportation management or exploring other facets of supply chain management, logistics management, and procurement, the knowledge gained will be a worthwhile investment for future decision-making.

Warehousing and Distribution

Article | July 11, 2023

Enhance operational efficiency by implementing industry-approved methods for multi-channel inventory management. Taking a holistic approach to control inventory helps multiple sales channels grow. Multi-channel inventory management is a crucial aspect of the supply chain process that ensures the goods are available to customers through different sales channels. However, with growing penetration of ecommerce technologies and the increasing complexity of supply chain networks, managing inventory across multiple channels has become daunting for businesses. The ability to accurately track inventory levels, ensure stock availability across channels, and optimize fulfillment processes has become critical to achieve success in today's competitive business landscape. Managing inventory across multiple channels require real-time visibility and tracking of inventory levels which further streamlines the complex process. Inaccurate inventory data can lead to stockouts, overstocking, and lost sales, negatively impacting the business's bottom line. To combat these challenges, businesses must implement a robust multi-channel inventory management system to track inventory across all channels, synchronize stock levels, and automate order fulfillment processes. An inventory management system can offer businesses a consolidated view of inventory at various locations, such as warehouses, stores, and even online channels. An organized approach is crucial while managing multi-channel inventory or keeping track of moving inventory. Implementing an effective inventory management procedure, managing multi-channel inventory becomes more streamlined and simplified, as well as provides a comprehensive overview. In addition, as businesses continue to expand their sales channels, multi-channel inventory management has become a vital component of supply chain management. By adopting best practices in multi-channel inventory management, businesses can ensure on-demand access, accurate inventory data, and seamless order fulfilment processes. Additionally, implementing the right procedures will allow organizations to observe an increase in customer satisfaction and experience significant business growth. The article takes an in-depth look at key benefits, potential challenges, procedural considerations, and the significance of multi-channel inventory management. It delves into the impact of this approach on supply chain performance while providing valuable insights into best practices. 1. Centralize Inventory Management Process Centralizing multi-channel inventory helps manage supply chain businesses across various channels and locations. Businesses can gain better visibility and control over their inventory processes by consolidating inventory data. However, centralizing inventory management is not without its challenges. One of the major obstacles faced by organizations is ensuring the accuracy and consistency of data across different locations and channels. Another barrier is integrating various inventory management tools and technologies into a single system. Despite these challenges, centralizing inventory management offers significant benefits, including improved efficiency and reduced costs. In addition, businesses can leverage cloud-based inventory management software and standard operating procedures to centralize and optimize inventory management processes effectively. 2. Adopt Lean Inventory Management Approach The lean inventory management approach is adequate for managing multi-channel inventory in supply chain businesses. This approach involves reducing excess inventory and only stocking items in demand. While implementation of the approach is complex due to the need for accurate demand forecasting and inventory tracking, it offers multiple advantages, such as reduced inventory carrying costs, improved cash flow, and increased customer satisfaction. To implement a lean inventory management approach in the supply chain business, follow these steps: Conduct inventory analysis Categorize items based on value and demand Implement just-in-time (JIT) replenishment Leverage forecasting tools Establish cycle counting and monitoring procedures Strive for continuous process improvement This approach helps businesses achieve better inventory accuracy, increase operational agility, and meet customer demands across multiple channels. 3. Utilize ABC Inventory Analysis ABC inventory analysis is a widely used best practice for multi-channel inventory management in the supply chain. This method categorizes inventory based on its level of importance to the business. ABC inventory analysis categorizes goods into A, B, and C categories based on their impact on overall inventory cost. Category A consists of the most valuable products, category B includes items that fall in between, and category C covers small transactions that are vital for overall profit but have less individual impact. Supply chain businesses can prioritize their resources and make informed decisions by focusing on high-value inventory. However, implementing this method can be challenging, especially when dealing with extensive inventory data. To successfully address challenges associated with implementing ABC inventory analysis for multi-channel inventory management, businesses must focus on accurate data classification, utilization of advanced analytics tools, and fostering effective team collaboration. 4. Optimize Order Management Process Optimizing order management involves automating and streamlining order fulfilment for efficient and accurate processing across sales channels. The process ensures optimal inventory control, minimizes fulfilment time, and enhances customer satisfaction, providing a competitive advantage. Aligning inventory levels with actual demand prevents overstocking and reduces holding costs. Additionally, businesses can efficiently allocate inventory from various sources to fulfil orders, reducing the need for excess storage and transportation. The optimization is achieved by adopting automation, system integration, and data analysis. In addition, comprehensive multi-channel order management system offers multiple benefits, including native e-commerce integrations, flexible order fulfilment options, multi-location inventory management, integrated POS capabilities, data-driven inventory planning, and workflow automation, among others. 5. Integrate Sales Channels Integrating sales channels provides businesses with a unified view of inventory, sales, and customer data, enabling informed decision-making based on real-time information. It helps accurately track products across channels as well as adjust inventory levels based on individual selling rates. The process involves synchronizing channels through a centralized system, ensuring seamless data flow and consistent product information. It includes setting up API integrations, mapping inventory, and conducting thorough testing for smooth order processing. To implement the integration, businesses must utilize technology solutions like inventory management software and enterprise resource planning (ERP) systems. Additionally, it establishes clear communication channels among teams managing different sales channels. 6. Set Cross-Channel Metrics Cross-channel metrics measure and analyze each sales channel's performance, including online & offline sales, and identify areas for improvement. To set cross-channel metrics for multi-channel inventory, businesses must identify relevant metrics, establish benchmarks, and regularly monitor and evaluate performance. Implementing cross-channel metrics allows businesses to make data-driven decisions based on actual performance rather than relying on assumptions or incomplete data. In addition, supply chain businesses can leverage technology solutions, such as cloud-based inventory management software, to manage and consolidate their data sources effectively. Enforcing cross-channel metrics in multi-channel inventory management helps overcome several challenges, such as lack of visibility across sales channels, difficulty in identifying slow-moving products, and inefficiencies in resource allocation. 7. Automate Supply chain Automating the supply chain and implementing advanced software systems helps businesses to optimize supply chain processes. Automation reduces manual errors, enhances efficiency, and improves overall productivity. It enables real-time inventory tracking, seamless order processing, and accurate demand forecasting. Businesses can easily overcome manual inefficiencies, bottlenecks, and data discrepancies by automating the supply chain process. The process includes integration of automation tools like inventory management software, order management systems, and warehouse management systems. The systems integrate with sales channels, suppliers, and logistics partners to automate order processing, inventory tracking, and shipment management tasks. Ultimately, businesses achieve better inventory control, faster order fulfilment, and increased customer satisfaction by automating supply chain operations. Final Thoughts As the supply chain market evolves, businesses must adopt innovative approaches for multi-channel inventory management. Incorporating additional sales channels into conventional brick-and-mortar operations presents a valuable opportunity to expand customer reach, boost sales, and enhance the overall customer experience. To effectively implement multi-channel sales and inventory management within a retail organization, acquiring a robust retail management system capable of efficiently monitoring inventory levels and facilitating business growth becomes essential. The adoption of an effective system can assist businesses to ensure seamless inventory control and propel sustained success in the competitive market.

Management

Article | June 21, 2023

Warehouse Management System In Supply Chain, warehouse management acts as the bridge between the supplier and customer. The warehouse facility utilized to consolidate or accumulate products and reduce the transportation cost to achieve economy. Warehouse Management System (WMS) refers to the movement and storage of materials within a warehouse. WMS is part of the Supply Chain Management and concerned with the receipt, shipping and picking of materials. To effectively monitor the flow of products, WMS utilizes technology devices such as Barcode scanners, Bio-Metrics, and RFID to name a few. A seamless link created between the warehouse facility, order processing and logistics management till shipment. Warehouse management just not limited to the warehouse; it can also a component of Supply Chain Management (SCM) and, when done well, provides a competitive advantage to the business or organization.Supply Chain Management is the management of flow of goods and services including raw materials, work-in-process inventory and finished goods. The markets these days are transcending borders and managing the demand-supply quotient is increasingly getting complex. Production centers are setup at locations where the raw materials and labour are cheaper. Raw materials sourcing and finish goods distribution are done globally. Supply Chain Management Thus Supply Chain Management refers to all business processes and activities involved from the procurement of raw materials to the manufacturing and distribution of finished products. SCM in short is the art of providing the right product at the right time, place and cost. As inferred, SCM gets much wider in scope than WMS. However, WMS is perhaps the last mile in the Supply Chain Management system and any hitch in the efficacy of WMS system hampers SCM too. Conclusion The primary aim of Supply Chain Management is to match supply with demand. For this to work, the supply chain should be free from bottlenecks such as errant supplies, difficulty in sourcing etc. There seemed significant confusion about the phrases SCM and WMS until recently, and both frequently used interchangeably. However, it been generally accepted that warehouse management refers to the logistics of warehouse, storing, stocking, and also movement of goods. The term Supply Chain has a much broader focus involving suppliers, manufacturers and retailers.By providing customer centric operations in warehousing, companies gain competitive advantage. SCM tools help manage the supplies effectively keeping inventory at optimum levels. The efficiency of SCM relies to a large extent upon the efficiency of WMS. The SCM’s primary concern is to find out the best storage levels, which the WMS attempts to address. Therefore, it is seen that the SCM & WMS are only complementary in nature and not competing. Warehouse Management system also complements the Sales Management System by shortening the sales cycle through quick data access and delivery of quality service, every time.

Article | October 19, 2020

Warehouse logistics is the heart of any supply chain operation, assimilating and dispatching goods to ensure availability and timely delivery. With more consumers turning to e-commerce, it’s important for businesses of all sizes to bolster the supply chain to handle the e-commerce business model. According to research conducted by BigCommerce, the top three factors that influence consumers’ online purchasing decisions are convenience, cost and free shipping. In fact, the National Retail Federation (NRF) found that 75% of consumers expect delivery to be free even for orders under $50.