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We want to take this opportunity to reflect on the Top 15 most popular logistics articles written this year and see what our readers found to be the most interesting. So, without further ado, here are the most popular logistics articles from 2020. It was a nice combination of topics and authors, including a few from our sponsors.
This was the year I was introduced to commercial documents, bills of lading, insurance, letter of credits, and a variety of other documents. I used to prepare most of the documents except for bills of lading. For the differences between freight forwarders and NVOCCs, please read this article. Can Fidan.
In the rest of this article, we will delve deeper into the advantages of how a fleet management system works and how to monitor it properly. The opportunities for improvement when using this system include: Real-time location tracking of each vehicle; Analysis of drivers’ behavior in relation to what was planned and what happened.
The eBL, a digital version of the traditional bill of lading, is reshaping the way businesses manage and streamline their shipping documentation. This article explores the key aspects of an eBL, its benefits, challenges, and its potential impact on the future of international trade. What is a Bill of Lading (BOL)?
Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade. In short, customs compliance must become proactive and strategic rather than just focused on having the proper documentation and accurately paying duties.
Still, in this article, I will help you evaluate the need for supply chain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Accurate documentation: This metric tracks the percentage of sales orders accompanied by accurate documents throughout the process.
As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy. Step 2: Gap Analysis – Customer Requirements and Supply Chain Trends. After all, even extensive articles dedicated to the topic can barely scratch the surface.
Hence, it is not surprising that early analysis indicates that 8 out of every 10 participants in the survey had never heard of the term “freight forwarding.” This article untangles the benefits of freight forwarding. The freight forwarder deals with the logistical side, including tracking, documentation, and insurance.
We will also try to find out some ways to avoid these charges in this article. Also, the customs clearance process, missing documents, and miscommunications contribute to demurrage and detention charges. On the other hand, these charges are crucial tools for carriers to keep container flow and yard stock.
In this article, we define five advantages that will transform the future of freight forwarding. Expertise of Freight Forwarders Freight forwarders are well-versed in the knowledge of how to handle the customs regulations and documentation for your international shipments.
“Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs. Accurate documentation: This metric tracks the percentage of sales orders accompanied by accurate documents throughout the process. x 0.96 = 0.8661.
Data analysis renders greatest of help in taking key decisions which are based on facts and trends. Businesses must have a few solid key performance indicators (KPIs) that act as their short and long term objective and utilize data analysis to align themselves to those goals. The fundamentals of data analysis lie in data.
This article aims to increase awareness of the logistics sector’s major responsibilities and declarations of the agreement, as well as the logistics sector’s awareness of the future and current logistics.
It’s also important to document any constraints that will impact your plans to meet those objectives. A clear understanding of objectives and constraints will provide you with the starting point for your design review, so it’s important to get them documented and to make sure all stakeholders are aware of them.
Data collection and analysis can be accurately applied to the network. Document recording, sharing, and filing options streamline data processing. It combines digital document management benefits with the demand for a real-time track recorder. Faster communication with automated messaging and data sharing.
The following is an opinion article on AI in supply chains, written by Russ Felker , Chief of Technology (CTO) of Trinity Logistics. While it can examine an image and draw basic conclusions, the context and understanding are both entirely missing from its analysis. Take Gato from DeepMind, a division of Alphabet, as an example.
Q&A highlights in this article [Open] [Close] WorkWave: Where should you start if you are looking to sell your business? With a background in playing professional soccer with MLS’s FC Dallas, Cano brings a unique strategic perspective to corporate development and financial analysis.
Naturally, there is much more to return inventory management than we have space for in this article. Still, the tips above should help you to start cutting the losses generated by high volumes of ecommerce returns. Compile and document comprehensive contingency plans covering as many types of disruption as the team can anticipate.
The ADF’s preparedness prior to this operation has been scrutinised through reports and analysis, at levels range from tactical to committees of Government. This article will describe the impact of strategic resourcing and logistics problems on operations. It’s always a good time to reflect upon messages from the past. Conclusion.
Their integration with Turvo’s existing logistics systems will provide shippers with real-time data, communication, as well as in-depth data analysis. True to this, Banyan’s LIVE Connect technology provides freight visibility, allowing shippers to access instant freight shipping information. Cost Reduction.
The number” could be an ESOP number showing inventory requirements after detailed and exhaustive analysis of demand requirements or it could be something like what transportation or labor capacity I need to satisfy expected demand in the up coming months. As you can tell from what I titled this entry, I do not believe they are the answer.
The 2018 Global Cloud Supply Chain Management Market Analysis reported that the value of the global Cloud SCM ‘accounted for USD 3.32 This article details the various functions of this the Cloud, and identifies the significant role it will play in transforming the industry. Provides a central location for company documentation.
This article, and those that follow, will highlight different aspects of the ADF’s approach to strategic logistics so to make some sense of the complexities that lead to logistics ‘unpreparedness’. Force Structure Review 1991, and the Defence Efficiency Review of 1996 also pushed the organisation to move in radical directions.
This narrow focus of this article is on the materiel aspects of ‘self-reliance’, and provides a starting point for a conversation that the ADF must have. This article will briefly touch upon some areas which the professionally interested will have to tread.
Read this article all the way through to uncover many fascinating details about this subject. With this simplicity, RPA optimizes search, analysis, and decision-making by making it easy to find information as soon as it is required. As a result, we can claim that this tool has evolved into a potent strategic asset.
In this article, we share some of the supply chain and inventory management apps that the EazyStock team comes across regularly and that we believe could help make your life easier! Online file and document storage. A popular solution for many businesses has been using Microsoft SharePoint and Teams to save documents and files online.
Moreover, the attitude of commanders and leaders, logisticians and staff planners to comprehensively and critically assess the Defence organisation – a ‘blue force analysis’ – also influences the logistics system to function as intended. I described the interplay between logistics and readiness.
Having access to real-time data and accurate analysis makes it easier to spot trends in the supply chain. Intense and Accurate Document Management. Knowing where and when documents are filed and recorded can help streamline the entire process. These trends can highlight average highs and lows within supply and demand tendencies.
Analysis of information collated. These regulations define the responsibilities that governmental authorities, port operators, freight forwarders and seamen have to undertake with regards to maritime security. Some of the ISPS objectives are: Collation security information from government authorities.
Databased dashboard for fast data analysis and sharing in the network. In other words, it all comes down to how easily and quickly users can apply the system, executive shipments, track and trace freight, and share information with contextual messages, digital documents, and more.
Here are some additional details from the article and an image from the patent: The computerized system would include textile printers, cutters and an assembly line, as well as cameras designed to snap images of garments that would provide feedback on alterations needed in subsequent items.
While every shipment line has its unique challenges and services, technology can add value to many processes, including these core areas: Data analysis that allows real-time data sharing throughout the network. Examples of Tech Used in Supply Chains Today. Real-time tracking of shipments to track delivery times and locations.
In one article , Mr. Sorenson points out that IBP works better for small manufacturers than large ones. A plan is like a Word document. Dean Sorenson concurs. Mr. Sorenson has studied integrated business planning for many years. A one number plan, Mr. Herrin told me, “is like an Excel spreadsheet. It’s just a set of numbers.
You will learn how many different types of logistics companies there are, what they do, and which one is best for your business in this article. With the businesses they collaborate with, they become partners and take full ownership of the management, analysis, and execution of the supply system. Information systems without documents.
Data Analysis: Some data analysts will do well working from home. Most of these documents are in the office What is needed for supply chain employees to work from home? If you have an Adobe Acrobat Pro license, you won’t need to use a scanner to manually add signatures to PDF documents.
What’s in this article: What is a capacity crunch? Additional services such as invoice auditing or digital issuance of shipping documentation optimize internal back-office operations as well. . Want a FREE Supply Chain Analysis? Capacity crunches have different causes. What causes a capacity crunch?
Based on our experience, we recommend three concrete applications for stress-free and cost-optimized customs clearance: Be ready to go: Ensure digital operational process excellence by having all documents available on time. Pre-customs clearance is initiated on the basis of the data and documents available at an early stage.
But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. It could be open-ended feedback, images, video, audio, or general business documents. This article explores some of the benefits of big data to inventory management teams. Processing big data.
Economic Research and Statistics Division: Provides economic analysis and research. Languages, Documentation and Information Management Division: Provides language related services such as translation and document research. Development Division: Handles all policy concerns relating to trade development.
Document Automation – Whether a company is a domestic freight broker, an international freight forwarder, an ocean carrier or a trucking fleet, they probably rely on employees to do all the data entry, migration and document indexing manually.
Let’s understand this in the next section of the article. Process has to be created and documented, and followed religiously to make delivery happen. Warehousing is part of the supply chain and today every business needs warehousing services. Time plays an important role in warehousing operations. Make automation work.
As a result, weve discovered that many companies lack a defined and documented supply chain strategy. Step 2: Gap Analysis Customer Requirements and Supply Chain Trends Now you know what your customers genuinely expect from your outbound and reverse supply chain, so its time to undertake a gap analysis.
In order to ensure that your organization can take safeguards, we will discuss the key supply chain risks in this article as well as how to measure supply chain performance. In addition, through an intelligent analysis of shared private information and documents, your company is able to mitigate risks and improve qualification routines.
Who pays for required documentation and which terms are suitable for containerized cargo and which are not. It is a good idea to refer to several different versions of Incoterms® 2020 charts when doing any study or analysis. Whether or not insurance is required under the term. A final note.
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