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
Many people get confused about KPIs or Key Performance Indicators in Logistics and SupplyChain operations. Still, in this article, I will help you evaluate the need for supplychain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Which ones to use?…
Burak has worked with more than 200 entrepreneurs over the course of his career. As a partner at Autotech Venture, Burak oversees investments relating to fintech, SaaS, and supplychain/logistics. KlearNow has simplified global customs clearance and drayage functions.
Many large enterprises use one form or another of a supplychain application to help manage their supplychains. Supplychain vendors have been touting their investments in artificial intelligence (AI) for the last several years. AI can refer to several different types of math.
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, SupplyChain and Trade. SupplyChain.
Below are what we expect to be major potential issues for the supplychain in both the short and medium-term. Ordering early and shipping via air aren’t the best course of action anymore to solve this potential problem which may or may not occur. That will be the very definition of success or failure for businesses.
For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on SupplyChain Digital Transformation projects. Creating Intelligence.
The success of your business links inextricably to the performance of your supplychain. you have to make your supplychain successful too. Of course, it is helpful to have some statistics on hand to validate the statement above. SupplyChain and Business Success By the Numbers.
Manufacturers and distributors experienced huge supplychain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supplychain leaders globally. In fact, SYSPRO research revealed that 60% of businesses were impacted by supplychain disruptions during the pandemic.
Can you possibly prepare for a supplychain future that may be completely inconceivable right now? The answer is not only yes, but definitely so. However, this strategy involves more than parts of your supplychain watching for simple leaps forward in tech evolution.
The near-infinite processing power Cloud computing provides (along with other technological innovations) will cause everyone in the supplychain and logistics field to unlearn the way we’ve always done things, everything from the way we design software applications to how we design and manage supplychain processes.
And because we are supplychain specialists, well, supplychain projects are our bread and butter. . You don’t need a PM background to plan and complete a supplychain project, whatever its nature. . But what does it take to prepare for managing a supplychain project?
The digital supplychain is basically a term that defines a supplychain whose foundation is built on Web-enabled capabilities. At the moment, many systems are hybrid, meaning that supplychains normally use a mix of paper-based and IT-enabled processes. This is the very first step.
Call it a cop-out if you like, but seriously, predicting which logistics and supplychain trends will make a difference to businesses in any given year has become notoriously difficult, given the speed at which technology in particular can suddenly disrupt the way things are done.
The success of your business is inextricably linked to the performance of your supplychain. you have to make your supplychain successful too. The success of your business is inextricably linked to the performance of your supplychain. SupplyChain and Business Success By the Numbers.
If you Google “digital transformation,” you get over 60 million hits—and a few million of those are related to supplychain management. It’s a journey many people and companies are talking about today, but what exactly does “digital supplychain transformation” mean? What is Digital SupplyChain Transformation?
The era of paper-based systems and physically monitoring the supplychain is ending. The definition of the IoT sums it up; it is “a network of dedicated physical objects that contain embedded technology to sense or interact with their internal state or external environment.”. SupplyChain Management.
Here at Benchmarking Success, we exist to help our customers improve supplychain performance. Of course, the criticality of such elements is the same now as it always was. Critical Principles for Building SupplyChain Resilience. Has your business survived these pandemic years by the skin of its teeth? Visibility.
As a supplychain director, manager, or boss of a multinational corporation, where the supplychain is an integral part of your business, supplychain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for SupplyChain Cost Reductions.
As a general definition, a 3PL helps a company to get its offering, conceived in place A, into the hands of its customers in place B. The solution is to back up, figuratively speaking, to the general definition of the need and see how overall trends and developments in the world could make this need map onto other, different solutions.
If not, you might be surprised at the many ways supplychain benchmarking can be used to understand performance, identify areas for improvement and actually turn those improvements into reality. You don’t have to wait any longer to learn why supplychain benchmarking is increasingly winning advocates in the commercial arena.
Supplychain transparency, in particular, has come a long way over the past twenty years. Transparency within the supplychain has gone from an unrecognized concept to a focus item for the C-Suite across a vast number of companies and industries. Given the current state of the market, it’s no small surprise either.
The port industry in Portugal definitely benefitted from, at first, no trade between the two powers, and then they kept benefiting when heavy tariffs resumed between Britain and France. Of course, like most peoples reaction to tariffs, the colonists didnt like that idea. Of course things change, but some fundamentals stay the same.
One of the best ways to improve your corporate bottom line is to get supplychain costs under control, and fortunately there are some pretty straightforward things you can do to achieve this objective. What follows is a rundown of the 10 best ways to reduce supplychain costs — and to increase your profits.
Most compliance managers in supplychain functions would readily agree that they hold ethical practices in high regard and likewise hold a firm moral high ground when making decisions in the course of their work. Most companies have supplychains that operate in models upwards of 2PL. External self audits.
Why measure the performance of a supplychain? Because a supplychain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems. However, traditional enterprise measures of performance do not work for supplychains.
Sometimes I just like to live on the edge, which is definitely a qualifying status for anyone bold enough to make predictions about the future of supplychain operations and management—but I just can’t help myself. The supplychain talent gap will not be a concern in the supplychain of 2028.
Did you know that supplychains existed even in the days of the Old Testament? It’s true, although back then it seems the good lord himself held the monopoly on supply of all goods and materials. 10 SupplyChain Commandments for Improved Profit and Service Excellence.
Deby Joevita, an award-winning User Experience Designer, mentioned during an online course that a UX design should have some metrics built in, which should provide you with the necessary direction towards achieving a meaningful experience for users. Suddenly my attention was on full alert and my interest piqued.
This, of course, is not true and therefore a strategic thinker is one who delivers todays results while working on a multi year strategy. Imagine you want to create an incentive to your team to redesign your supplychain network for the future. This is really a key indicator of strategic versus tactical thinking.
Based on this, there seems to be a natural and immediate view that these lines fit the definition of cartel “ A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Of course, it has long been the case that publishers target their readers.
This applies not only to suppliers and manufacturers, but also to service providers throughout the aerospace supplychain. However, companies from every facet of the aerospace supplychain seek AS9100 certification to demonstrate compliance and a commitment to quality, safety, and reliability.
Of course, if you’re an eCommerce business owner, your paths are almost guaranteed to cross, even if you never actually step foot inside a fulfillment center. Of course, there’s no way that Carl can take on the responsibility of peddling his goods across county lines — he’s just one man, and he’s got candy to make.
After taking a look at these five key areas where you can save by using reusable packaging for your global supplychain, you will understand why there is so much buzz about this packaging option. Reusable and recyclable are different terms with different definitions. On a global level, the benefits are increased exponentially.
In a prior post , I wrote about the various ways data is transforming global supplychains. I like the simplicity and clarity of Informatica’s definition of data quality: Data quality refers to the overall utility of a dataset(s) as a function of its ability to be easily processed and analyzed for other uses.
The Role of Data Analytics in SupplyChain Management | Image source: Pixabay This article describes the transformation that data analysis and the supplychain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supplychain management and data analysis.
If not, you might be surprised at the many ways supplychain benchmarking can be used to understand performance, identify areas for improvement and actually turn those improvements into reality. Then, we’ll look at the benefits of benchmarking your supplychain. What is SupplyChain Benchmarking?
Why measure the performance of a supplychain? Because a supplychain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems. However, traditional enterprise measures of performance do not work for supplychains.
We missed someone very important—the people who delivered numerous products at our doorsteps and filled supplies in our neighbourhood stores. These are the essential workers across the supplychain who worked tirelessly to make sure goods reached customers at the right time. The turkey supplychain.
Depending on your role within the supplychain, 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 supplychain management and execution. After all, increased rejections mean delays within shipping.
Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean SupplyChain. Therefore, it is paramount for you as a logistics and supplychain professional to have a keen sense of how to properly evaluate a supplier.
Among the universal challenges that the COVID-19 pandemic has imposed upon the supplychain management profession is the question of inventory, specifically, “how much is enough?”. Today, the question is more about how much inventory is sufficient to safeguard the supplychain from disruption.
Are you content with the performance of your company’s supplychain? If you count your business among that majority, you’re probably well familiar with that sense of frustration that creeps in whenever you see a horizontal line across your supplychain KPI graphs. Most companies, it’s fair to say, are not.
It sometimes feels as though it is not part of the end-to-end supplychain and not well respected.” 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. The Method to Our Madness.
Of course, everything has pros and cons, including volume LTL. So, if you are trying to ship a product with a strict arrival date this particular option might not be the best suited for you, as it can result in a slower, less definite delivery date. The post What is Volume LTL and How it Can Improve Your SupplyChain?
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