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Brian Kempisty , Lauren Beagen and Joe Lynch discuss building a resilient port strategy. Lauren is a lawyer and the Founder of Squall Strategies , a boutique maritime consulting and legal solutions company. Brian grew up as a farm kid outside of Buffalo, NY and learned how to work at a young age. and Canada. and Canada.
Just ask any manufacturer who’s had to halt production because a single critical component wasn’t available. Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises.
Developing a Distribution Strategy with Matt McGregor. Joe Lynch and Matt McGregor discuss developing a distribution strategy. Distribution strategy is one of the areas of focus for Matt and the Colliers Real Estate team. Key Takeaways: Developing a Distribution Strategy. Elements of a successful distribution strategy.
He ran marketing for a large 3PL before launching his own marketing agency, Logistics Marketing Advisors, which focuses exclusively on providing marketing strategy and services to logistics businesses. The survey results are available for free within the “Marketing Logistics Services” download on The LMA website.
Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines
In Digitize to Survive, we’ll be showing how you can leverage today’s tech to help meet organizational objectives and not only survive but thrive in a post-pandemic world. With all the new tech available on the market, setting a digitization roadmap and knowing where to start can be difficult. Improving service levels.
Pull Logic uses the Product Availability Ratio (PAR) score to optimize inventory management and ensure customers have access to the products they want when they need them. Explore how accurate demand forecasting and inventory optimization ensure the right products are available for customers.
Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer. How does a fleet management system work?
Automated Slotting — Systems integrations enable ShipMonk to automatically assign each SKU an optimal storage location within our warehouses, based on the item’s size, expected order volume, and warehouse technologies available.
Driver availability in the delivery, transportation and logistics sectors has become a critical issue with widespread ramifications for businesses and consumers alike. Current State of Driver Availability Statistics The trucking industry, which is pivotal to the economy, is grappling with an unprecedented shortage of drivers.
Speaker: Ron Spiteri, Director of TXM Lean Solutions
Ways to find the right balance between inventory turns and stock availability. The types of risks and how to assess them. How to develop Prevention, Preparedness, Response, and Recovery strategies. In this webinar, you will learn: What a Supply Chain Business Continuity Plan is.
In todays fast-moving supply chain world, learning how to increase supply chain sales is tougher than ever. But if everyones selling the same thing, how do you stand out? This not only wastes time but costs your business opportunitiesespecially when your competitors are using smarter tools and strategies.
Logistics strategy as an enabler of new business models. They promoted logistics to the level of core process and enabler of new business models and now view a thought-through logistics strategy as an opportunity to stand out by offering a better service level to their customers, such as same-day delivery. Automation as key for growth.
Enterprises will typically negotiate one to two year agreements with termination for convenience exit clauses in case they wish to change their short to medium term strategy to market. Amazingly, many companies have suffered after outsourcing decisions were made at an operational level, without due regard to the boards supply chain strategy.
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Strong and versatile logistics strategies depend on this data. Download the White Paper.
Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC
It was followed by port blockages and congestion, strikes among truck drivers and railway workers, a major recall and plant closure that led to a disastrous baby formula shortage, concerns about the future of semiconductor availability, turbulence in the ESG investment market, and much more.
The short answer is “yes,” as long as you have a segmented freight portfolio strategy for both the contract market and the spot market. Every business has a responsibility to develop strategies that take advantage of the best market price and service. As you build your strategy, confirm the spot market capacity for specific areas.
With a wide variety of selling channels available, and differing flow paths for different business models, companies need to be able to easily and accurately capture all order information. For B2B companies, their supply strategy is built on three pillars. Getting these strategies in place is incredibly difficult to achieve.
So, the total cost was not only all the return fees, but I had to buy that same battery from somebody else because they no longer had it available. How many future parts might I have purchased from this vendor? I lost an entire morning trying to install the part, to no avail. It was the correct vendor, but the next size up.
Optimize Space and Costs Throughput-focused operations better use available space, reducing the physical footprint needed for storage and processing. Clear goals ensure that investments in flexibility and throughput align with broader business strategies.
Suddenly, the situation changes, whether because of a new company strategy, ever-present retail dynamics or possibly due to a completely new influencing factor. Both predictive and retrospective data analyses are key in making fundamental decisions and defining logistics strategies. WMS and WCS to implement a strategy for the peaks.
Industries are facing the need to plan new strategies and invest more in technology to gain a stronger foothold. A B2B e-commerce strategy is therefore becoming increasingly necessary for manufacturing businesses that want to better sell their products or procure the necessary components for manufacturing them.
By integrating data from different sources, logistics managers can make more informed decisions about when and how to fulfill orders. Automotive : Automotive manufacturers face a myriad of challenges, but having access to anticipated supplier disruptions to ensure parts availability is one of the most notable challenges.
Whether you’re managing a distribution center, coordinating fleet operations, or shaping global supply strategy, understanding how to deploy and scale digital twins may be your next competitive edge. Heres how the concept plays out in real-world logistics: 1.
Figuring out how to improve annual request for proposal (RFP) bidding strategies remains elusive for many shippers, especially in the context of knowing when to expand the network to leverage freight consolidation. How to promote freight consolidation with stronger bidding practices The need to improve RFPs is absolute.
Ryan is the Director of Engagement at CarrierDirect, a transportation strategy consulting firm. It’s not ‘business as usual” for the smile-and-dial approach may not be back in full swing, but decision-makers are more available now to discuss - just make sure you lead with empathy. Co-authored by Ryan Schreiber and Anthony Sutardja.
Overlaying a dynamic layer on top of the WMS can sometimes be the the best and most efficient strategy. By analyzing real-time data such as order trends, equipment availability, and associate performance, these systems can dynamically adjust workflows.
Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Preparing your supply chain for resiliency begins with risk management and a proactive strategy. Abrupt disruptions can drive prices sky-high, or a vital product may not be available at any cost.
Major shippers and transporters have only so much space available to work within LTL shipping capacity. Every inch of space available in delivery vans, trucks, semis and cargo crates is valuable. That gave rise to a new time pricing strategy, dimension (DIM) pricing. . Those were the roots of LTL shipping rates.
Raw material forecasting is difficult as climate conditions, pests and other natural factors impact its availability. Prescriptive analytics : to define how and when to take action (production, stock, sales) in order to maximize the overall profitability of the business. Many of these factors are difficult to control and predict.
Razat echoed my comments above about all of the current uncertainties in the marketplace and indicated that LLamasoft customers are asking them how to respond. The second thing we must concentrate on is the talent available within the supply chain,” says Razat. How can companies address the talent gap? Economic Nationalism. “An
Viveka takes the LinkedIn and social selling experience over the past 14 years and transforms it into engaging and informational digital sales strategies, tactics, and tools including personal branding, social selling training, and content for sales. Personalized – Add Value – Call to Action (PVC) Strategy.
This means that in the background, an inventory management team needs to be monitoring stock levels and focusing on ordering the right inventory items, at the right time to ensure stock availability, ready for replenishment. Constant number crunching means a lack of time for strategy.
By combining different sets of rules, you’re able to create a personalized shipping strategy that’s a perfect fit for your business. Just be open to implementing new strategies, experimenting, analyzing your results, and keeping track of your data on a monthly or quarterly basis. Shoot us a line. We’d love to hear from you!
Stock-outs, availability issues, and SLOBs impacting service performance? Indeed, the higher the level of service your company aspires to, particularly regarding product availability, the more inventory you will likely hold. And availability is undoubtedly one of the most vital aspects of service in the eyes of the customer.
Tailor a mini-bid strategy that plays to your strengths and protects your weaknesses. And while contract rates are more stable, prevailing market conditions will affect routing guide compliance and the available capacity of contracted carriers. Want to know how you can use SONAR data to optimize your transportation playbook?
A poor or negative cash position can cause executives to look at how to reduce expenses to survive. At the same time, seeing the changes within these cost contributors, such as the sudden decline of available loads within a market, can help a carrier recognize the issue and divert assets to avoid unnecessary empty backhauls.
While it might seem complicated, a good truckload shipping strategy can improve your customer satisfaction, save costs, and increase business efficiency. How to get the best truckload quotes. To find the best rates for your shipments, it’s important to understand how the freight quoting process works. Learn the basics.
In today’s market, knowing where to evaluate and adjust your LTL capacity strategies can feel overwhelming. But making faster, meaningful improvements to your LTL supply chain strategies and operations can be a seamless process that makes a positive impact on your business. Understand how your freight mix fits with market conditions.
But how can a trucking company achieve this goal? The answer lies in considering HOS rules and driver availability when planning every move. Unify pricing strategies with freight forecasting tools The final step to getting more from your fleet requires freight forecasting tools. Request a SONAR Demo.
Therefore, enterprises need to know how to apply transportation data to increase on-time shipping performance. . Get your team on board with new strategies. Business leaders should work to share new strategies and process improvements with all staff. There may be monetary penalties that you have to pay. Request a SONAR Demo.
The Amazon Seller App (available for both Apple and Android) comes with a Product Photo Studio feature, which makes adhering to Amazon’s image requirements is as easy as pie. If not, it may be time to rethink your strategy. Of course, the proper tools are no good without the proper technique, but — shocker — Amazon has you covered!
Freight management companies and partners can remain unsure of how to attain or utilize meaningful, actionable freight data. . Lead time requirements, load availability and customer demands can change quickly. Take advantage of the services available today. Why outdated data hurts carriers in the short- and long-term.
Getting Through Chinese New Year: Strategies for Importers Chinese New Year is one of the most celebrated holidays in the world, but for importers, its also one of the most challenging times of the year. Heres what you need to know about the next few weeks and how to prepare for the future. ports ahead of schedule.
If you’re not employing a multichannel sales strategy, you’re clearly missing out. But what, exactly is a multichannel sales strategy, and is it worth the investment? Even if a brick-and-mortar store does not have an online sales strategy, it should be using a multichannel marketing strategy. What is a Sales Channel?
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