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It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. Our team put several resources together to help supply chain organizations navigate through this crisis safely. . Evaluate different scenarios . Study 1: Anticipate Best- and Worst-Case Operations Scenarios .
The list includes trending blog posts, our latest webinar and a brand-new Buyer’s Guide for S&OP. Best of our blog . Spreadsheets still dominate in supply chain planning, but as this blog by Chris Gordon tells us, that may not be for long. Read about it on the blog. . Bonus Content .
What is Supply Chain? Supply chain is essentially the entire behind-the-scenes network that links a product from its point of origination to its final destination. Supply chains are often very complex as they encompass all vendors, warehouses, retailers, and so on that bring a product to life and then to a customer.
The TrakItPRO Edge By integrating TrakItPRO into your operations, you’ll experience numerous benefits: Enhanced Planning: Streamline your planning process with all the necessary information available in one place. Experience the difference with TrakItPRO. You can watch a video on TrakItPRO here and download our guide.
Global supply chains are growing and transcending traditional borders. As businesses continue to expand, outsource, and enter new markets, supply chains will continue to increase in complexity. Unfortunately, this is rarely the case, and the issue of supply chain fragmentation is only becoming more and more prevalent.
Drayage planning is essential for global retail shipping supply lines and deals primarily with ocean imports. This is also known as first-mile shipping and planning protocol. As explained by Supply Chain Game Changer , “Drayage services are more essential than ever.
Proactive planning is among the most effective weapons logistics managers have in their arsenal. It is something that needs to be practiced more often when it comes to planning and predicting freight rates. And that’s especially true when considering new carriers or using other modes of transportation. Download the White Paper.
To help you stay informed during the summer months and close the year with impact, we prepared a list of our most popular content on supply chain analytics for your reading and viewing pleasure. The list includes trending blog posts, our latest webinar and a brand-new Buyer’s Guide for S&OP. Best of our blog.
What can Supply Chain leaders do to mitigate the risks that these disruptions bring to the Supply Chain? Businesses are constantly reminded that they need to be more agile and resilient in order to survive. But what does this mean when it comes to Supply Chain Network Design? Evaluate scenarios quickly and easily.
And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supply chain makes management difficult at best. Freight management is the story of supply and demand Freight management is a cycle on a macro-scale. It comes down to a simple story of supply and demand.
Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Fully 70% of companies say their supply chain is either very or extremely complex and only 6% of companies have full visibility within their supply chains.
Today’s successful supply chain networks are adaptable. Selecting software for supply chain network design doesn’t have to be a hassle. The process of selecting software for supply chain network design needs to change. In the end, supply chain teams get frustrated and sometimes the software gets shelved.
In most industries, supply chain logistics account for 5% to 50% of a product’s total cost.” Where freight managers go wrong with planning the transportation budget The biggest problem when planning a transportation budget is an inability to see actual versus projected costs across the network. Think about this.
The list includes trending blog posts, our latest webinar and a brand-new Buyer’s Guide for S&OP. Best of our blog. Spreadsheets still dominate in supply chain planning, but as this blog by Chris Gordon tells us, that may not be for long. Read about it on the blog. Read on to get all the goodies.
Managing the manufacturing supply chain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. Supply chain constraints are impossible to avoid, but they can be planned for to reduce their impact. It is what sets manufacturing supply chain companies apart.
Blockchain in the pharma supply chain can dramatically affect the success and verifiability of pharmaceuticals. Failure to maintain proper temperatures or traceability within the pharma supply chain can have disastrous outcomes that directly impact patients and their family members. Returns in the supply chain are not new.
Some of the most cost-effective software and methods supply chain professionals and the best freight brokers can adopt are supply chain predictive analytics programs. While still relatively new to the supply chain, analytics implementations have skyrocketed in popularity since its birth a little over 10 years ago.
You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supply chain running as smoothly as possible in the meantime? The prevailing effects of COVID-19 are uncertainty and disruption; the key to planning ahead for 2021 will be to analyze the effects of 2020.
Mobile data can play a pivotal role in building the supply value chain. Mobile devices have functions that provide valuable data for the supply value chain. Additionally, shippers can benefit from mobile data usage in building the supply value chain. Lagging data prevents the supply value chain from functioning efficiently.
Unfortunately, the trials of 2020 taught supply chain leaders that planning on the typical expectations will not always work. and the] flexibility of your current capacity procurement plan to address shifts in demand patterns.” After all, the best-laid plans for RFP processes will fall far short when capacity crunches take hold.
Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses. Without a clear picture of what money is coming in and going out of the supply chain, common challenges and disruptions can have an even greater impact. Ongoing wasted resources.
That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too. The whole picture requires close attention when it comes to optimizing shipping routes in the modern supply chain.
And that helps to create entirely new ways of viewing the supply chain to proactively hedge risk. . The inability of shippers to do this can lead to many problems that can greatly impact the profitability and overall success of the supply chain. Blindly trying different things to see what might work is no way to run a supply chain.
According to Supply Chain Brief , “In such an environment, no one can truly predict what is going to happen. Proactive freight management will future-proof the supply chain When thinking about the shipping in this new year, fleet managers must keep the chain organized and flowing. Request a SONAR Demo. The short answer?
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. Europe prices last week, and more carriers have announced planned December GRIs for the ex-Asia lanes. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU. The same was true for Asia – N.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supply chain managers. The purpose of these specialized guides is primarily to enable a quick adaptation of a shipment plan agreement between involved parties. Download the White Paper.
Instead of truckers reporting information back to carriers and supply chain partners manually, blockchain can be used in conjunction with the ELD to provide immediate, automated and verifiable status updates. Empower Truckers in Your Supply Chain With Blockchain.
However, when it comes to rates and calculation and how the load sizes and types affect those fees, shippers must visualize the entire supply chain network. The supply chain is a complicated and interconnected web of lanes, channels, shipping modes and methods. Request a SONAR Demo. Request a SONAR SCI Demo.
What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting? What does demand planning involve?
What is demand planning? Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Why is demand planning important? Is demand planning the same as demand forecasting? What does demand planning involve?
Managers can calculate freight rate charge estimates to see what needs to be passed on to customers and what needs to be made up for elsewhere in the supply chain. Consider the value of system visibility and resource use made by Supply & Demand Chain Executive, “It’s an intelligence tool. Download the White Paper.
Enterprise shippers are looking for ways to capture and analyze more data Making the most of available technology has always been critical for fine-tuning a supply chain. Today, logistics strategies rely on accurate and up-to-date data for everything from capacity planning to invoicing.
Performance measurement and improvement, using transportation KPIs , are vital aspects of modern supply chain management. Successful performance measurement and management contribute to enhancements and help to optimize supply chain resources. Use predictive modeling to determine expected carrier costs based on different scenarios.
One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. This is seen exceptionally well when looking at rail capacity and transportation rates for the modern supply chain. More than just lane choice and disruption planning get easier with predictive planning.
The most impactful outside event, the holidays, is on the horizon and businesses are gearing up to meet increased consumer demand while navigating the complexities of supply chains. From inventory management to transportation planning, being prepared is essential for success.
There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Inventory control is the process of managing and regulating the supply, storage and distribution of stock. Read our blog on demand forecasting accuracy for more details. What is stock optimization?
But to further that argument, let’s take an in-depth look at the benefits and disadvantages of intermodal shipping load planning , when to choose one over the other, and a few core SONAR insights to maximize value. A tactical supply chain relies on data and facts to guide all activities. Request a SONAR Demo.
These changing ripples can travel throughout a supply chain network and impact freight brokers , carriers and managers. According to Forbes , “in the Business Continuity Institute’s 2017 report on global supply chain resilience, 69% of respondents said they do not have full visibility of their supply chains.
The song was built using a demo track from John Lennon dating back to the 1970s and a guitar track from George Harrison from 1995. The song was supposed to come out back in 1995 as part of The Beatles Anthology, along with Free as a Bird and Real Love , two other tracks culled from 1970s Lennon demos.
Supply chain security is something that all supply chain managers should be closely monitoring. Today’s supply chains face a unique array of threats, both in the physical and digital realm. How Blockchain Can Boost Your Supply Chain Security. Blockchain technology can be utilized to strengthen your supply chain.
Depending on your role within the supply chain, the idea of a routing guide can either appear almost meaningless or omnipotent. At its core, a routing guide provides a clear set of instructions and activities for effective supply chain management and execution. Supply chains are too complex to rely on archaic, handwritten processes.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. It took time for the situation to normalize, especially for complex products like semiconductors that require a lot of moving parts in the global supply chain. And the answer lies in how their 2023 went too.
Shippers and LSPs armed with the knowledge of these challenges can make plans to better handle them. . In turn, shippers and LSPs can better track products, trucks, drivers and anything else within the supply chain. This makes it all the more critical, especially during crises, for shippers to plan for limited capacity.
Data for data’s sake lacks value, especially in the view of the supply chain. As explained by Fierce Healthcare in 2018, “consulting firm Navigant found that hospitals could save up to 18%, or $11 million a year per hospital, by reworking supply chain. Proactive supply chain management is just that – proactive.
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