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Companies leaning heavily on global sourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcingstrategy. Consequently, when shortages emerged, they had already secured alternative sources, thereby averting a significant disruption to production. For example, U.S.-based
The Real-World Impact of Smart Logistics Case Study: Neiman Marcuss Cross-Docking Transformation Neiman Marcus, the luxury retailer, revamped its logistics strategy by increasing its cross-docking operations from just 5% to an impressive 65%.
This blog post will explore key strategies for streamlining your supply chain from sourcing to delivery. Having multiple sources can mitigate risks and ensure continuity. As Vice President of Marketing at ShipMonk, she leads integrated sales and marketing strategies to elevate the brand and drive customer awareness.
She has honed her skills for spotting and coaching winning teams over her 27+ years working with startups to F500s on strategy and execution across branding, product development, and innovation. Lisa’s Blog. Lisa Morales-Hellebo is a VC, seasoned entrepreneur, product strategist, and community builder. About REFASHIOND Ventures.
He joined KEC Holdings after serving as the statistical research and strategy analyst in Global Diversity and Inclusion at Lehman Brothers in New York, NY. Brian’s Personal Blog. Before KEC Ventures he joined KEC Holdings – a single family office, as the first member of its investing team. Sustainability.
Blog Topics. 4 Benefits of Near-Sourcing. Near-sourcing – a business moving its operations closer to where its end products are sold – is a growing trend as well as a strategy in the supply chain industry today. We can credit several factors for the increasing popularity of near-sourcing.
Previously, Kevin founded CarrierLists, a carrier sourcing platform that was acquired by Highway in 2022. Kevin is the owner of Brush Pass Research, a sales and marketing research firm that helps companies sell to freight brokerages across North America.
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.
MES and MOM in Industry Strategy and the Smart Factory Many advanced manufacturers have an industry strategy that aligns and supports the overall business strategy and its objectives. Source: LNS Research. The post MES vs MOM: Understanding the Key Differences appeared first on SYSPRO Blog. What is an MES?
Data can also be used to generate reports and insights that can help distributors improve their business regarding everything from pricing and product selection to marketing and sales strategies. Supply chain management The international sourcing of automotive components is now a common practice but it can still present challenges.
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 documented supply chain strategy.
Despite the lessons learned from COVID-19, many businesses are yet to fully adopt strategies that would cushion them against such shocks. Companies relying on lean inventory models or single-region sourcing are particularly exposed. Diversify Supply Chains Moving away from single-region sourcing reduces vulnerability.
This blog post will explore key strategies for streamlining your supply chain from sourcing to delivery. Having multiple sources can mitigate risks and ensure continuity. As Vice President of Marketing at ShipMonk, she leads integrated sales and marketing strategies to elevate the brand and drive customer awareness.
A resilient and agile supply chain strategy is not just a prudent choice—it’s a necessity, especially within the context of chemical supply chains. Challenges in Supply Chain Strategy Planning Designing a resilient and agile supply chain organization is not without its challenges.
This myopic lack of focus on supply risks and product risks for purchasing results in significant process in-efficiencies in the way sourcing, contracting, purchasing, invoicing and payments are done for each of the four categories of the products above since they are handled by different departments or processes.
Intro Email Newsletters News Sites Social Media Influencers Blogs Unexpected Places. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources.
Blog Topics. To turn the challenges into their competitive advantage, cross-border shippers must analyze the current issues that are affecting their supply chain, adhere to all regulations and requirements, and capitalize on more efficient supply chain strategies. You can learn more at “4 Benefits of Near-Sourcing.”
Other reviews (prepared for decision-making versus attending for receiving information) are shared by the owners of each strategy element/pillar. For instance, COOs own the supply strategy, marketing the portfolio strategy, and so forth. Image source: Oliver Wight. Pitfall #7: No alignment with the strategic growth plan.
High and increasing costs, in combination with long recovery times, have triggered many companies to reassess their customer service plus supply-chain strategies and footprints to make them more resilient to any kind of disruption. Implementing a procurement strategy.
Image source: Pexels | 3PL vs. 4PL vs. 5PL: Understanding the Key Differences Between Logistics Providers The peculiar evolution of business in the last two years has brought a new perspective on 3PL, 4PL , and 5PL logistics providers. This partner assumes the most global logistics strategy of all.
Previously, Erik was the Director of Strategy at AFN, a Chicago-based truckload brokerage. Prior to his time at AFN, Erik was the Executive Vice President of CarrierDirect, a boutique strategy consulting firm and advised companies such as Werner Enterprises, Worldwide Express, and BlueGrace Logistics. Loadsmart Blog.
Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.
It’s no secret that manufacturing companies around the world are rethinking their supply chain strategies. With shortages occurring in unexpected sectors and lockdown strategies impacting logistics, companies looked at reshoring to stabilize and strengthen their supply chains.
According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.
Figure 1: Technologies that have/will be deployed to mitigate labor worker shortages Source: Descartes & SAPIO Research Real-time shipment tracking is the top tech choice to improve the productivity of knowledge workers. Companies are changing their hiring strategies to attract workers.
Image source: Pexels | Top 5 Benefits of Outsourcing Logistics to a 3PL Provider In today’s fast-paced and increasingly competitive market, businesses are continually seeking ways to streamline operations, reduce costs, and enhance customer satisfaction.
In this blog, we’ll explore how they are used in various aspects of the supply chain, including transportation, inventory management, demand forecasting, and network optimization. By applying statistical methods to this data, companies can predict future demand, adjust their strategies accordingly, and maintain optimal inventory levels.
Single-source Shipping — A 3PL like ShipMonk can handle both incoming freight shipping as well as DTC or B2B shipments to end customers. Single Source of Truth — When inventory is coming and going from all directions, order and inventory data is synced to a central platform for easy monitoring and analysis. Contact ShipMonk today.
Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. Image source: Pexels | Logistics Challenges and How to Overcome Them Logistics challenges are a reality for every business, but they don’t have to slow you down.
A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. Tips For Building Supply Chain Resiliency.
In our previous blog, we explored how matrices enhance supply chain efficiency, from inventory management to logistics. For better context, be sure to check out “Understanding Matrices in Supply Chain” before diving into this blog. Now, were taking it a step further. Read More In case you missed it!
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Sticking with the sports metaphor, take a look at the Steph Curry three point shift Source: Imgur The underlying basketball tools might not have changed but the way people played the game certainly did.
Longstanding weaknesses in the supply chain like port infrastructure, outdated supply chain strategies and impacts of natural disaster and wars have all further affected global supply chains. It is, therefore, extremely difficult to secure new sources of supply in a timely manner.
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.
Girl Scout Cookies Crumble Under Supply Chain Woes Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics For some Girl Scouts and their bake sale fans, it’s shaping up to be another tough cookie season.
Image source: Pexels | Shipping Trends for 2025: What Will Change and How to Adapt The logistics industry is continuously evolving, and as we move closer to 2025, businesses will face a range of transformative changes. Is your logistics strategy ready for 2025?
This post from Amber Road’s blog discusses several factors companies must consider if they are thinking of moving out of China as a manufacturing or sourcing base. There has been a lot of recent buzz about companies relocating sourcing or manufacturing out of China. Read More at Amber Road’s blog.
Image source: Pexels | 7 Cost-Saving Tips Every Supply Chain Manager Should Know Managing costs effectively is crucial for success in the competitive supply chain world. Here are seven proven strategies every supply chain manager should explore to streamline operations, boost efficiency, and drive profitability.
There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.
Inventory strategies that promoted redundancy, rather than super-efficiency, have been shown to be more effective. Plan, Source, Make, Deliver, Return, Enable. The post Re-imagining inventory management for a new normal appeared first on SYSPRO Blog.
Editor’s Note: The top portion of this blog post is a guest blog from one of our friends from social media that we’ve been lucky to engage with on both Twitter and Google+ regularly. We will examine this issue in this quick blog post. Source: 21Handshake Blog. Click Image for a Larger View.
What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.
Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Demand and inventory planning is a critical procedure that holds the key to success. How to reduce risks in demand planning?
For a business to re-imagine and transform their procurement process, it needs to examine how the main processes of Source-to-Contract and Procure-to-Pay are implemented in an integrated way, and not just how procurement performs them, but also how other functions within the company are affected.
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