This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
I want to discuss some thoughts I have on scenarioplanning and why I think this skill is the future of supply chain management and planning. As great supply chain managers, we all like to show how great we are with math and how great we are with developing algorithms to come up with “the number”.
When companies want to digitally transform their supply chain capabilities, moving to an integrated business planning process (IBP) is often at the heart of the transformation. The roots of IBP are in sales & operations planning (S&OP). Mr. Sorenson has studied integrated business planning for many years.
There are some young supply chain technologies that are getting a lot of buzz. But we can’t document the ROI or other benefits at this point. In this article, the main hyped, promising, and solid solutions but widely adopted technologies in supply chain management are discussed. But how mature are these technologies?
A fleet management system is a fundamental tool in the planning and operational control of the logistics sector. 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. Strategic, with the purpose of simplifying the establishment of future scenarios.
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. Top 10 Countries supplying seafarers. Top 10 Countries supplying seafarers. By Deadweight Capacity. Officer Rank.
It can be a direct reflection of current market trends, as many publicly traded companies operate within the global supply chain. In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. The answer lies in data.
The COVID-19 pandemic has caused significant disruptions to global supply chains. The pandemic has shown us the fragility of commercial supply chains; it gives us a reason to think about what a disruption to supply chains might have for the outcomes of military operations. Supply Chains.
For a few years now, supply chain professionals and pundits have been speculating on what the so-called “new normal” will look like. Closer to home for supply chain professionals, driver shortages continue to plague the industry. These are the companies and leaders that aren’t letting a good downturn go to waste.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain 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 documentedsupply chain strategy.
As always, it was a busy year covering the latest supply chain and logistics trends, emerging technologies, mergers and acquisitions, major news announcements, and more. 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.
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.
There are some young supply chain technologies that are getting a lot of buzz. But we can’t document the ROI or other benefits at this point. But we can’t document the ROI or other benefits at this point. ARC is not hearing providers of supply chain technology leveraging this network to provide new value to their customers.
And because we are supply chain specialists, well, supply chain projects are our bread and butter. . You don’t need a PM background to plan and complete a supply chain project, whatever its nature. . But what does it take to prepare for managing a supply chain project? Step 1: Business Case and Buy-In .
However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. million employees without a focus on good supply chain management. is one of a growing number of big-box retailers building out their supply chains with distribution centers designed to meet the demands of online shopping.
The following is an opinion article on AI in supply chains, written by Russ Felker , Chief of Technology (CTO) of Trinity Logistics. Artificial intelligence (AI) continues to grow its presence in our everyday lives, businesses, and now, supply chains. AI in Supply Chains: We Need to Change Our Focus.
Original Article: 10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution. Every industry has dealt with the fallout or repercussions caused by COVID-19 -related disruptions to the supply chain. Every aspect of supply chain shipping and tracking relies on implementing sound last-mile retail delivery services.
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. provides enterprise resource planning and other business applications for manufacturers. The advantage to a global supply chain can be lower landed costs.
Before the COVID pandemic ran through the supply chain, in-network resiliency had never been tested or tried extensively. Today, the definition of supply chain resiliency has been changed in ways that have caused ripple effects. Real-time data is critical to the supply chain’s smooth operations day in and day out.
A slew of new digital technologies is disrupting supply chain operations, but none is having more of an impact on the industry than artificial intelligence (AI). Already, half of all enterprises are using AI and/or robotics to tackle problems in the supply chain and to improve its performance. Other Uses for AI in the Supply Chain.
With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges. RFQs extend a formal invitation to suppliers to tender on the supply of goods or services.
The Supply Chain Manager’s Multi-function Display. By now, you are probably wondering what airliners have to do with supply chain 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 supply chain organisation. Perfect Order.
Chakri Gottemukkala, CEO at Supply Chain Planning Vendor o9 Solutions There are several young supply chain software companies that are unicorns. o9 Solutions has grown from a small company to a significant player in the supply chain planning (SCP) market in a short period of time. billion after a funding round.
2022 saw another volatile year for shipping following the 2021 and 2020 unique scenarios that led to the ongoing supply chain crisis. MTS Logistics once again enjoyed record growth in 2022, even as the supply chain crisis started to recede and improve globally.
I spend a lot of time helping companies with their Supply Chain Strategy and this is an outline of the approach I use. I’m always surprised how many businesses don’t have this essential planningdocument prepared! So here are the SIX easy steps to Supply Chain: Review Supply Chain Structure & Performance.
As I mentioned in a previous article, for over-the-road shipments, getting bumped to the next truck can add a day or two to the overall transit time. FourKites , a global leader in real-time supply chain visibility, recently launched its Dynamic Ocean SM platform for visibility, rate, and documentation management.
This article will provide a detailed reference to LTL shipping, including the definition of LTL, shipping prices, delivery method, and how to manage your LTL shipment to the fullest. They also supply express freight and serve hard-to-reach areas such as campers, building sites, rural areas, shopping centers, and more.
To meet the consumer demands in today’s increasingly evolving logistics world, many businesses are beginning to implement supply chain technology systems successfully. According to Supply & Demand Chain Executive , supply chain management (SCM) software revenue is on track to surpass $19 billion in this year alone.
It’s also important to document any constraints that will impact your plans to meet those objectives. If you don’t plan to commission a new warehouse on a greenfield site, your plans might be constrained by the characteristics of an existing facility.
Image Source: Lokad | Supply Chain Risk Management: Top 5 Supply Chain Risks to Watch Out For Any action—or lack thereof—can cause a business to go out of business in this time of bleak future prospects. Nonetheless, many institutions struggle with managing supply chain risks.
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. According to a poll conducted by Deloitte, 39% of consumer and industrial products professionals found at least one instance of fraud or abuse in their supply chains in 2020. Key Features: Basic Auditing.
In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. Supply chain disruptions have brought about an age of innovation. In my presentation, I highlighted five key transportation trends that are changing supply chains from a technology standpoint.
In the supply chain 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. If you have any others to add, please add them in the comments below, and Ill add them to the list.
In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. Ronan Stephens, the Senior Vice President of Supply Chain Management and External Manufacturing, explained how the company set out on a journey to improve customer service while also reducing costs.
As part of our ongoing commitment to keep our blog readers updated on what’s happening in the supply chain and logistics world, we’re launching a regular industry news roundup, which we’ll release periodically. Increased near-shoring in Mexico and elsewhere as companies seek shorter supply chains.
Last week, Clint Reiser published an article highlighting our 2022 supply chain predictions. While we have published predictions about supply chain technology trends at the beginning of the year in past years. This year we have decided to lead with our predictions about the broader supply chain function.
We will also try to find out some ways to avoid these charges in this article. Most of the demurrage and detention charges are occurring because of the lack of proper planning. Also, the customs clearance process, missing documents, and miscommunications contribute to demurrage and detention charges.
In such a scenario, upon receipt of the returned item, you should ship it back to the vendor immediately or at least stage it in readiness for onward shipping. Naturally, there is much more to return inventory management than we have space for in this article. COVID-19 brought that reality home with breathtaking force.
Customs clearance as an unknown variable in the supply chain. Buffers already planned in the supply chain are used up, for example due to bad weather or changes in ship schedules. Many importers counter this problem by scheduling additional buffer times into their supply chain. Do you know this situation?
What’s in this Sustainable Supply Chain article : The problem of carbon emissions and waste derived from supply chains. Seven ways Turvo helps build a more sustainable supply chain for third-party logistics providers (3PLs), shippers of raw materials and finished goods, and their end customers.
Unless you’ve lived in a cave the last three years, you probably have read many articles about cool applications of artificial intelligence. Two weeks ago, we learned that Samsung is planning to invest $1B in AI. How is machine learning going to affect sales and operations planning (S&OP) solutions?
As Inbound Logistics points out, the value of integrating these systems in the supply chain and gaining complete visibility has become a significant priority for many businesses. These digital tools allow organizations to seamlessly share information and automate processes that keep supply chains running smoothly and efficiently.
If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. Deere & Company.
The Role of Robotic Process Automation (RPA) in Supply Chain Management | Image source: mobisoftinfotech.com Through the use of technologies like Machine Learning and Artificial Intelligence, robotic process automation (RPA) applications let you do operations for a set amount of time using software solutions or bots stored on servers.
While demand is high, ongoing product shortages continue to cause supply chain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations. The industry’s well-documented labor shortages are not ending anytime soon. Digital Control Towers. Warehouse Task Automation.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content