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Difference between Maritime, Shipping, Freight, Logistics and Supply Chain

Shipping and Freight Resource

In this article I unpack the difference between Maritime, Shipping, Freight, Logistics and Supply Chain and how it is all connected, starting with some simple definitions of these terms. Of course different freight types have different characteristics and susceptible to different types of cargo damage and needs expert handling in all cases.

Maritime 134
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Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Let’s start with a definition: any device that can perceive its environment and takes actions that maximize its chance of success at some goal is engaged in some form of artificial intelligence (AI).

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What does Corporate Social Responsibility Really Mean?

Logistics Bureau

For some companies it means ethical procurement, for others it involves supporting worthy causes. I like to quote the following definition of CSR , offered by Chatham House associate fellow, Paul Hohnen. Companies have to pursue profits of course, (how else will they stay in business?) Article summary. You get the idea.

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Show Me the Money: MH&L’s 2018 Salary Survey

Material Handling and Logistics

purchasing/procurement manager with a manufacturer of building equipment with 21-25 years of experience, living in the South Atlantic region and earning $36,00. That’s assuming you’ve got the regulatory background to succeed in that industry, of course, as well as the necessary skills a specific company might be seeking.

Survey 118
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Unlearning Supply Chain Management

Talking Logistics

A great example is a procurement professional who has spent the last 30 years perfecting the art of “buying.” The Vested methodology teaches that the partnering with strategic suppliers outperforms “buying,” but it is very difficult for procurement professionals to let go of old-school dogmas that focus on price and not value.

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8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Of course, it is helpful to have some statistics on hand to validate the statement above. The definition above is not from any textbook, but is one that I am sure you will agree, describes a state of affairs that any corporate leader or business owner would be happy to attain. . Procurement costs. Inventory and storage costs.

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Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Predictive analytics feeding scenario planning definitely gives a competitive edge when reacting to changes in the business environment.