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Prior to 2020, every supplychain in the world was challenged by increasing levels of demand unpredictability and market volatility. The sudden onset of COVID-19 only reinforced a lesson that supplychain professionals had already realized: uncertainty is the only real certainty. There are Also Commercial Reasons.
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?…
I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. Three major trends are driving growth in this industry whichcan be attributed to regulatory pressures such as the Uyghur Forced Labor Protection Act, advancements in AI, and supplychain innovations.
The definitions are confusing because the space is so dynamic and ever-changing. SupplyChain Security Analysis. Non-asset based – companies that don’t own assets like brokerages, service providers, etc. these companies tend to invest in technology. Asset light – companies with assets and brokerage capabilities.
Many large enterprises use one form or another of a supplychain application to help manage their supplychains. Supplychain vendors have been touting their investments in artificial intelligence (AI) for the last several years. AI can refer to several different types of math.
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.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Today’s article is from Ahmad Jiwani at Coupa and looks at supplychain design. How often do you revisit and update your supplychain designs?
Businesses constantly seek innovative solutions for their supplychains to streamline operations, reduce costs, and enhance customer experience. I’m going to answer that question for you as well as offer some practical insights into how you should be implementing Generative AI in your supplychain. What is Generative AI?
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.
For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on SupplyChain Digital Transformation projects. Creating Intelligence.
There’s been a lot thrown at supplychains lately. Many of you might be wondering what Trinity is doing to stay agile during these supplychain bottlenecks. Let’s first quickly dive into what the supplychain is currently facing, and then we’ll go into how Trinity keeps moving forward. Labor Shortages.
As a supplychain director, manager, or boss of a multinational corporation, where the supplychain is an integral part of your business, supplychain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for SupplyChain Cost Reductions.
Many companies were in the midst of digitally transforming their supplychain when the Convid-19 pandemic hits. In this part 2 article, let us continue to explore the concrete actions we can take in our Digital SupplyChain journeys. The Key to Long-Term Success: Build Agility, Resilience and Profitability Together.
Below are what we expect to be major potential issues for the supplychain in both the short and medium-term. They will be renegotiating the contract and they will possibly try to use the current supplychain bottleneck to their advantage to further improve the current contract conditions. China’s Zero-Covid Policy.
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.
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.
So, there is definitely a valid reason why the ILWU is resisting so much against automation over the last two decades. Many importers who were in the business back in 2014 remember that the summer of 2014 was a reminder of how fragile the supplychain is. Because of four months of slowdowns at ports, U.S.
The success of your business links inextricably to the performance of your supplychain. you have to make your supplychain successful too. SupplyChain and Business Success By the Numbers. Conversely, just 8% of businesses with less capable supplychains report above-average growth.
The digital supplychain is basically a term that defines a supplychain whose foundation is built on Web-enabled capabilities. At the moment, many systems are hybrid, meaning that supplychains normally use a mix of paper-based and IT-enabled processes. Proper research and analysis.
Before the COVID pandemic ran through the supplychain, in-network resiliency had never been tested or tried extensively. There have been disruptions in the past, but nothing has ever shaken the chain the way this pandemic has. Data collection and analysis can be accurately applied to the network.
The success of your business is inextricably linked to the performance of your supplychain. you have to make your supplychain successful too. The success of your business is inextricably linked to the performance of your supplychain. SupplyChain and Business Success By the Numbers.
In this blog he provides a simple reference guide to better yourself as a supplychain leader. and/or capabilities of the supplier and meet companies' short- and/or long-term supply needs. You can read the detailed technical definition here. Lead Time Reduction in SupplyChain. 50% improvement) min.
In the supplychain sector, just like any industry, we have a multitude of terms that are commonly used.So, I decided to create this list to help you decipher any supply-chain-related terms that you come across for the first time. Lets see how big this list gets!
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. Many companies use air freight more for reliability than speed.
There are several areas in logistics and the supplychain that we at More Than Shipping have been watching to determine what this year’s holiday season will look like for consumers and businesses. This means drivers are definitely on hand to make deliveries. In fact, the U.S. Happy Holidays!
Predictive analysis, today is part of all major business operations and processes to help forecast trends, events and to find solutions for complexities. With forecasting the future supplychain and logistics events, the companies can be in a competitive position and prevent any monetary loss. Supplychain transparency.
The definitions are confusing because the space is so dynamic and ever-changing. SupplyChain Security Analysis. Non-asset based – companies that don’t own assets like brokerages, service providers, etc. these companies tend to invest in technology. Asset light – companies with assets and brokerage capabilities.
The logistics industry has changed over the last decade, with outsourcing emerging as a cornerstone of a modern supplychain strategy. Many companies use outsourcing to meet their product demand, even if they don’t use it for their entire supplychain operation.
I am continuing my series on simple definitions and thoughts in SupplyChain Management. Demand planning is a critical component of supplychain management that predicts customer demand to optimize inventory, ensure on-time deliveries, and manage production schedules efficiently.
This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. Coupa also offers a robust, market share leading, supplychain design solution. Here are my top take-aways from Coupa Inspire. That has recently changed.
Container xChange has released a Container LogTech predictions report for 2023, which highlights important global trends that the shipping and supplychain industry will witness in 2023. In that case, it will cause disruptions in global supplychains. ‘‘Two,
Applying the correct Business Intelligence tools to this data for data analysis, trends and forecasts makes the combination invaluable. Today, Business Intelligence is understood as the gathering, storage and analysis of business data. The ERP software collects, stores and manages data relating to business activities.
Transportation management systems (TMS) have transformed from a desirable perk to a critical necessity for continued growth and success within the supplychain management networks. There has been a definitive increase in the number of shippers working to harness these new TMS functions and capabilities.
Companies and supplychains continue to face unprecedented challenges and, in some cases, unprecedented opportunities. To be successful in this volatile environment leaders must focus on supplychain planning and more specifically Integrated Business Planning (IBP).
Editor’s Note: Almost 14 months ago we wrote one of our most popular posts entitled, “ The History of SupplyChain and Logistics Management ” contained a bit of history, definitions, and a great infographic visually going through the history of supplychain and logistics management.
By integrating company data with data from supplychain partner’s businesses can identify areas of intervention beyond the company’s own processes. ESG reporting and analysis Data is one of the most important requirements of an ESG program. It is only with the analysis of data that situations can be visualized and changes made.
We have also featured on our blog over 90 guest bloggers featuring voices from experts in all of the five main categories who have talked about such subjects as the Skills Gap, Reshoring, Technology, Innovation, STEM, the Maker Movement, Lean Manufacturing and SupplyChain, the Internet of Things, and much much more.
Working together, the alliance of California ports will seek to unify currently siloed data and solve visibility issues, a major reason for supplychain disruptions at U.S. In a statement, Gene Seroka, executive director of the Port of Los Angeles, stated that “data was essential to navigating supplychain disruption.”
What roles in logistics and supplychain can you do from home? Supply & Demand planning: In many multi-national companies, you almost never talk to demand and supplychain planners face to face. Definitely a role that will transition well to a home based environment.
Today we will talk about how supplychain mobility will aid in this pursuit, but first let's take a look at what it means to manufacturers. Each of these definitions applies to a manufacturer’s ability to produce a surplus of a product. Imagine if the typical definitions of productive were applied to manufacturing.
The Role of Data Analytics in SupplyChain Management | Image source: Pixabay This article describes the transformation that data analysis and the supplychain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supplychain management and data analysis.
Let’s take a look at what happened with the major themes, as well as the research and analysis we conducted in 2022 to help determine what those themes will look like in 2023. Theme 1: Global supplychains will be busy, congested and chaotic. Theme 4: Sustainability will become an opportunity, not a challenge for supplychains.
In December 2006, I published an article titled “ S&OP or just good supplychain planning ?” There have been significant advances in both technology and supplychain thinking over the past decade. Responding effectively to shortages and surpluses in the supplychain. The result of which should be:
The negotiations will continue until they reach a definitive pact. Many importers diverted their cargo to other ports to mitigate risk and diversify their supplychain. When the negotiations are over and a definitive agreement is reached, it is still not clear whether U.S. The negotiations cover 29 U.S. As a result, U.S.
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