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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?…
In the supplychain arena, the need to make course corrections is exploding. This lifecycle is essential where timely and accurate decisions can significantly impact supplychain efficiency, safety, customer service, and profitability. Frederic Laluyaux, the CEO of Aera Technology, agrees with this assessment.
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. Issuing bill of lading and other documentation for all cargo loaded. SupplyChain.
Getting started with AI in supplychain might not start where you think. Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supplychain and your data.
Digital Twin from Infor Nexus Drives SupplyChain Agility. When it comes to driving supplychain agility there are several solutions that are important, but the key solution is a Multi-enterprise SupplyChain Network (MSCN). COVID of course taught companies the need for agility. Stuff happens.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supplychain 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 documentedsupplychain strategy.
Rob O’Byrne makes an early start with his round-up of supplychain and logistics trends that might make industry headlines in the coming year. 2020 SupplyChain and Logistics Trends: What’s Around the Corner? The Death of the End-to-End SupplyChain. Why is the Circular SupplyChain Trending?
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?
This solution allows human resource managers to review performance against over 50 external workforce key performance indicators, access global market intelligence (including rates, talent supply and demand, and time-to-hire trends), and track progress across diversity and worker health and safety initiatives.
The SupplyChain Manager’s Multi-function Display. By now, you are probably wondering what airliners have to do with supplychain KPIs. You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supplychain organisation.
Globalia Logistics Network has inaugurated its online academy with the International Transportation and Trade Course and it has been an outstanding success. We really hope that we will keep this high level in future courses.”. The SOC Container Masterclass is provided as a complement to the other two courses.
In fact, at one conference this spring, after delivering a keynote presentation that had nothing to do with technology, the very first question I received from the audience was “What do you think about blockchain and its potential in supplychain management?”. Of course, the most common question about blockchain is “What is it?”
New Small Parcel Handling Course for Magaya SupplyChain Users Now Available Via PageOne. For a quick overview of the process, check out the newly updated Small Parcel e-learning course. For a quick overview of the process, check out the newly updated Small Parcel e-learning course.
As part of our ongoing commitment to keep our blog readers updated on what’s happening in the supplychain and logistics world, we’re launching a regular industry news roundup, which we’ll release periodically. Increased near-shoring in Mexico and elsewhere as companies seek shorter supplychains.
The changing face of the supplychain means more freight and shipments move and require more tracking capabilities. Traditional options for managing and documenting the process also remain stagnant. The modern supply -chain is still subject to the risk of theft, loss, delivery to the wrong address, and other issues.
But if you perform work as part of a supplychain, you know that the stakes are especially high. Given that you’re part of a network of providers, vendors, transporters and managers, the impact of just one weak link in the supplychain cybersecurity “chain of custody” can be significant. Download white paper.
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.
If you were to tell me that your company had never looked at its supplychain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supplychain cost reduction, I wouldn’t be surprised at all.
We took a look at the state of adoption in the supplychain world, and here’s what we found. Are SupplyChains Warming to These 3 Hot Technologies? In other words, despite all the hype, blockchain does not look imminently to become a mainstream supplychain management tool. Is AI Adoption Advancing?
Image Source: Lokad | SupplyChain Risk Management: Top 5 SupplyChain Risks to Watch Out For Any action—or lack thereof—can cause a business to go out of business in this time of bleak future prospects. Nonetheless, many institutions struggle with managing supplychain risks.
By David Beaumont National Defence: Defence Strategic Review was released to the public on 24 April 2023, to a defence ‘community’ only too eager to scrutinise the document for its consequences on the ADF’s capability mix. The paper, of course, covers a swathe of topics and concepts. 1] Betts, R.,
The opacity in operations impacts stakeholders across the trucking value chain. Oftentimes, this lack of visibility or transparency within the supplychain is due to outmoded and dated systems of communication. The opacity in operations impacts stakeholders across the trucking value chain.
Whereas online courses and programmes were previously managed as a separate entity, they are now an integral part of most academic systems. The study showed that upwards of 30 percent of American students enrolled in at least one online course in 2018. Online courses are the quickest path for a student to obtain a degree.
According to a poll conducted by Deloitte, 39% of consumer and industrial products professionals found at least one instance of fraud or abuse in their supplychains in 2020. Simple invoice & document setup (e.g. Key Features: Basic Auditing. Activity Logs & Analytics. contract, bill of ladings).
Experts believe that through digital freight matching, transportation supplychains can open a new way of driving efficiency and visibility. Advancements in technology have created many opportunities for transportation supplychains to develop game changing digital tools. Digital Freight Matching.
At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supplychain and business strategy along with eight other important levers for supplychain performance improvement. A Long History of SupplyChain Strategy Misalignment.
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.
No matter how long or short a supplychain is, importers and manufacturers need to know where their goods are at all times. The best freight forwarders have in-depth online tracking, providing all the key information about your shipments, reporting capabilities, document storage, and of course up to the minute status of your shipments.
The e-commerce specialist, which is part of the LUQOM Group, recently started using the SCM software OSCA to bring transparency to the supplychain. His goal: to bring light into the darkness of the supplychain. Darkness is an exaggeration, of course. OSCA brings transparency to the 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.
Chakri Gottemukkala, CEO at SupplyChain Planning Vendor o9 Solutions There are several young supplychain software companies that are unicorns. o9 Solutions has grown from a small company to a significant player in the supplychain planning (SCP) market in a short period of time. This is much faster.
Mark Morley, Senior Director, Product Marketing at OpenText , provides his supplychain trend forecast for the year ahead. Embracing conversational AI across tomorrow’s supplychains: Companies have been embarking on a journey of digitizing their supplychains for many years.
Documentation fees. Compliance with all these requirements and managing the associated documentation has always presented something of a minefield, and a significant hurdle for SMEs engaged in international trade. Of course, you can seek external help with this, which would come at a cost but might give you the start you need.
Top Mexico SupplyChain Services. The massive trade between our nations requires many different supplychain services. The massive trade between our nations requires many different supplychain services. This of course reduces wasted space and miles driven with empty or half-full trailers.
Those in the supplychain and logistics management industry have been talking a great deal about collaboration in dealing with our business partners. Are you "Radical" Enough to Make SupplyChain and Logistics Collaboration Work? 5 Skills Needed for Radical SupplyChain and Logistics Collaboration.
This includes how they must be classified, packed, marked, labelled and documented – as well as the dangerous goods training which must be completed by the people packing and sending them. cell phones, fragrances) without them knowing any of the packaging, labeling, documentation, and other compliance requirements.
Global supplychain risk management continues to evolve and embodies a consideration of possibilities and outcomes by supplychain executives totaling in the millions. That’s where the crossroads of a tech-driven approach to solving the challenges of supplychain risk management lie.
Cheong Chai Ying, SupplyChain Executive, Leica Instruments Singapore. . This course must be attended by stakeholders involved in the import and export of IMDG cargoes. Interesting course which helps me gained knowledge and understanding of IMDG Code. The course is useful and helpful to my work.
When I first published this post, it was called “3 Things You Need to Know about Your SupplyChain.” ” However, I recently realised that I was omitting a fourth key factor that can contribute to supplychain glitches and gremlins. SupplyChain Impact on Shareholder Value.
The costs of supplychain disruptions vary based on the severity of the disruption, how quickly companies recover, and numerous other factors. In the post COVID supplychain, drivers want a safer, healthier option than spending extra time in facilities. Without an adequate supply, the supplychain shuts down.
All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ These metrics would, of course, be aligned and are updated every hour. LEAN, SupplyChain Optimization, Logistics, Warehouse and Cost Reduction Consultant.
By Anne van de Heetkamp, VP of Product Management GTC, Descartes: Acknowledging potential weaknesses in your supplychain before they are exposed by elements beyond your control is of critical value. With current events in mind, managing future supplychain disruptions will be an integral component of corporate strategy.
The supplychain, the heart of logistics, suffers from production and transport failures. We don’t have a large server room and there are no paper documents in circulation. It is also very easy to work together on transports and documents. Of course, this applies not only to the internal distribution of tasks.
The supplychain, the heart of logistics, suffers from production and transport failures. We don’t have a large server room and there are no paper documents in circulation. It is also very easy to work together on transports and documents. Of course, this applies not only to the internal distribution of tasks.
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