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Many people get confused about KPIs or Key Performance Indicators in Logistics and SupplyChain operations. Still, in this article, I will help you evaluate the need for supplychain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Which ones to use?…
The virus continues to compromise supplychains and disrupt companies at a troubling rate, but a re businesses prepared from a supplychain planning perspective? . The era of globalization has enabled supplychains to be broader and more connected. First reaction s to the outbreak . questions.
To look at what risks will affect the supplychain in 2018, Rob Savitsky of AIR Worldwide ( a member of the MIT Center for Transportation & Logistics SupplyChain Exchange program), wrote a blog for MIT discussing three broad categories of supplychain risk. Natural Catastrophes.
In our previous blog, we explored how matrices enhance supplychain efficiency, from inventory management to logistics. This post dives into advanced applications of matrices, showing how AI, machine learning, and automation are transforming supplychains. Now, were taking it a step further. In case you missed it!
Supplychain automation is the use of digital technologies to improve efficiencies, connect applications and streamline processes within supplychain operations. If your factory is the heart of your organization, then your supplychain is the veins and arteries. How long does each task take?
Now more than ever, organizations must prepare their supplychain for the present and the unknown challenges and opportunities in the future. Integrating external factors like consumer price indexes, GDP trends, climate change, and others into the forecast can improve signaling for supplychain design.
In late 2023, Descartes conducted a survey of 1,000 supplychain and logistics decision-makers across North America and Europe across three sectors: manufacturing, distribution and retail; carriers; and logistics services providers. The study also provided insight into what companies are doing to address it.
You have tough decisions to make about your supplychain network design. When you finally have the analysis, everything’s changed, and the results are no longer relevant. About 38% of supplychain professionals say it takes weeks and 18% say it takes months to get the answers they need.
Supplychain resiliency and sustainability are top priorities for CEOs today. To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains.
In modern supplychains, communication and collaboration are everything. Systems that work together can ensure that all parties in the supplychain have access to the information and resources necessary to fulfill more orders and please customers. Challenges of Integrating Blockchain and SupplyChain Systems.
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.
Blog Topics. How to Get the Most ROI from SupplyChain Logistics. Companies are wasting money hand-over-fist on outdated supplychain methods that suffer from inefficiency and poor tracking. This is especially important when it comes to supplychain efficiency. Expand Your SupplyChain Network.
For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.
Shortages of products from toilet paper to microchips during the coronavirus pandemic highlighted the value of supplychain resiliency, and the opportunities for companies that aren’t as prepared as they would like. By contrast, supplychains that are too lean may not have enough flexibility and redundancy to survive unscathed.
The supplychain management uncertainty in the post-COVID world shows no signs of letting up. With current conditions, it looks like there may never be a return to the pre-pandemic era of supplychain stability. How SupplyChain Management is changing. Risk analysis is becoming an important part of SCM.
A year before, in 2014, a Harvard Business Review article pointed out that supplychains were becoming increasingly global and complex and consequently more at risk than before. Supplychain disruptions. Until recently, supplychains and other business functions focused on efficiency and cost.
Most c ustomers may never give it a second thought, but business owners are well-acquainted with the fact that supplychains operate like a well-oiled machine. Due to the COVID-19 pandemic, disrupted supplychains made it difficult to provide communities with pandemic response, including food, vaccines, and other medical supplies.
According to EFT’s SupplyChain Hot Trends to Watch for in 2019 , one of the most significant trends that we should be paying attention to this year is automation. While automation in the supplychain is still in an early-adoption phase, the impact that it could have on the industry is significant.
To deal with the new challenges in managing and planning the supplychain , the procurement department is one of the functions that should look at changing. This is used for a potentially vulnerable supplychain and ensures goods can keep flowing in a manageable way. Supplychain control tower. Resiliency.
The term “supplychain” started being used in the mid-1990s as global political conditions changed in ways that encouraged international commerce. During the pandemic, the supplychains that had previously been considered trustworthy were found to be fragile. This has led to a change of focus to supplychain sovereignty.
Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.
We take a look at these questions and more in this blog post. The latest news of such problems, delays, and port congestion continues to give hope to each party in the supplychain ane make a positive impact, signaling that the market is moving in the right direction. The Logistical Position.
Whether you’re planning to benchmark your supplychain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supplychain component. A lot will depend on the nature of your industry and the categories of supplies that you receive.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supplychain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supplychain strategy.
Contrary to general opinion, the causes of the supplychain disruptions currently being experienced worldwide were prevalent long before the Covid-19 pandemic. . The current war in Ukraine will further destabilize the global supplychain. The analysis is mostly on point; however, the blame does not lie with Lean.
Robinson Director of Research and Market Intelligence: The truck driver shortage is top of mind for many as supplychain disruptions continue, port backlogs persist, and the gap between inventory supply and sales demand widens. The answer is not simple and involves research and analysis across a number of factors.
In this blog, we’ll go over the economic and supplychain impacts that result from these events and how you can best prepare your supplychain. Impacts on the economy and supplychains. When these natural events happen, numerous businesses find their supplychains shook.
Manufacturers and distributors experienced huge supplychain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supplychain leaders globally. In fact, SYSPRO research revealed that 60% of businesses were impacted by supplychain disruptions during the pandemic.
Massive supplychain disruptions are being experienced around the globe, and the causes are many and complex. Factors affecting the supplychain. When China shut down operations in a bid to contain Covid-19, supplychains ran out of material. How can businesses create the supplychain of the future?
The SupplyChain Manager’s Multi-function Display. By now, you are probably wondering what airliners have to do with supplychain KPIs. You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supplychain organisation.
Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supplychain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supplychain.
So, you are thinking about a career in supplychain? While this article is intended as an evergreen resource, to help you navigate in your search for a supplychain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.
Ask manufacturing leaders what changes they plan to make in the next three years in the wake of the coronavirus pandemic, and they will likely say their use of technology will deepen as more and more players in their supplychains come to rely on digital connections for daily interactions. Talent gaps: ? Changing consumer attitudes:?
Love it or fear it, Artificial Intelligence appears to be the new normal in everything, including supplychain and logistics operations. From improved customer experience to greater inventory planning and forecasting, AI promises to make all of our lives easier and reduce those all-too-common supplychain headaches.
Some of the most cost-effective software and methods supplychain professionals and the best freight brokers can adopt are supplychain predictive analytics programs. While still relatively new to the supplychain, analytics implementations have skyrocketed in popularity since its birth a little over 10 years ago.
Managing the manufacturing supplychain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. Supplychain constraints are impossible to avoid, but they can be planned for to reduce their impact.
If youve followed our blog over the years, youll know that weve shared lots of information about distribution network design, why its vital to get it right, how long it should take, the importance of reviewing the network every so often, and various elements of design such as determining the number of warehouses and where to locate them.
Supplychain is one of the areas that was thrown into disarray by the effects of the COVID-19 pandemic as consumer markets were battered by surges, cancellations, and surprises. A discussion looking into this will be covered in the next blog post – stay tuned.
Behind the scenes, BT SupplyChain has been the backbone of the company’s operations for 30 years, making sure customers get the best experience. The supplychain division fulfills 40,000 individual customer orders every day, making sure that 32,000 engineers get the tools, parts and equipment they need to deliver support and services.
Intro to 2020 SupplyChain Management Trends. Supplychains have lengthened and extended across borders, bringing a whole new host of opportunities and challenges. 2020 supplychain management trends will further these shifts. 2020 supplychain management trends will further these shifts.
How to Elevate Your Logistics Operations with AI & ML Technology Global supplychain organizations are embracing digitization to propel their supplychain planning to new heights. What is SupplyChain Planning? Data informs transportation capacity and rates.
Predictive Analysis in Logistics and SupplyChain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms.
As freight transportation costs continue to rise year-on-year, manufacturers, wholesalers, retailers and any other organisations that are part of a supplychain must think smarter about pushing down the cost of moving goods from A to B. If you get a good rate on the lease or a tax incentive, consider that a bonus.
This moment goes beyond analysis and reflection; it is the right opportunity to redefine strategies and outline new plans that not only drive results but also guarantee a prominent place in the market. Supplier diversification, less reliance on a single geographic region, and more visibility throughout the supplychain are all critical steps.
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