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
As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing?
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.
A plan is necessary, possibly based on one of the following strategies. Hidden Opportunities for Supply Chain Cost Reductions Of course hidden costs, if you can find them, mean hidden opportunities. Reverse Logistics Strategy 1: Don’t do it! Clearly, successful reverse logistics cannot be left to luck.
At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.
Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. What Is SOC Compliance?
When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need.
Reduction in asset capital.Warehouses and vehicles are expensive to purchase or lease and can tieupmillions of dollars that could otherwise be invested in the core business of the firm. Amazingly, many companies have suffered after outsourcing decisions were made at an operational level, without due regard to the boards supply chain strategy.
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. But first, what is route optimisation? Let’s take a brief look at some of them.
As youll 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, weve discovered that many companies lack a defined and documented supply chain strategy. A company without a supply chain strategy is at a competitive disadvantage.
Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.
As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.
By putting data into the hands of the companies, business partners, and customers that want it, supply chain visibility helps all stakeholders track products from the point of manufacture to the final destination—and all points in between. 5 Good Supply Chain Visibility Strategies. Break down your data silos.
The first one arrived a few years ago when a growing number of companies started treating supply chain design as a continuous business process instead of a standalone project or a once-a-year exercise. Would LLamasoft start competing more directly with other best-of-breed supply chain planning vendors?
At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. How Can Your Business Benefit from Freight Benchmarking? Freight Benchmarking: How to Do it Right.
How to Create an Effective Inbound Freight Management Strategy To ensure that your inbound freight systems are seamless and efficient, you will have to pour time and energy into implementing the new processes into your business. Exercise patience when asking freight providers to take on new lanes. Communicate in a timely manner.
TMS Strategy & Building the Business Case. It begins with a strategy project that documents the current state process, information, and data flows. It requires gathering data, driving towards answering the question “Where is the money?” So, for simplicity sake, let’s just focus on TMS.
A plan is necessary, possibly based on one of the following strategies. Reverse Logistics Strategy 1: Don’t do it! IT vendor Dell, for example, handles requests for returns via its support organisation. Reverse Logistics Strategy 2: Make it Painless. Reverse Logistics Strategy 3: Make it Profitable.
They need skilled and ongoing maintenance, and as the data above shows, the stakes are too high for them to fail to support their millions of inhabitants and thousands of businesses, as well as their country’s economic health. Data-driven approach. Anticipatory shipping is also becoming reality, enabled by a data-driven approach.
In particular, fleet managers must start with an inventory of their devices, identifying the cellular technologies in use, the cellular module vendor name and part number, their physical location and a priority rating. Then, an evaluation of the alternative connectivity options is advised.
However based on observations made in the course of our consulting work, many organisations perceive it as a purely remedial or punitive exercise. For example, companies often make the mistake of ramping up performance evaluation only when one of their vendors begins to let them down. Why is this a mistake?
Data and processes are fundamental to supply chain work. Understanding data and being able to draw actionable conclusions from it, using IT or other tools made available, is a capability of growing importance. Inventory (inventory specialist, vendor-managed inventory/replenishment specialist). No person is an island.
However, in reality most strategic planning exercises neither embed foresight, nor create responsive networks. This will help reduce safety stocks and hence costs, improve customer service and make the Logistics network more adaptive. The periodicity may range from six months to five years.
Another trend is learning how to deal with the avalanche of data that supply chain managers have at their fingertips. Data from barcodes, RFID tags, GPS systems, and the Internet of Things (IoT) mean that managers not only have to be good analysts, but they also have to be good at understanding the supply chain system instinctually.
These responsibilities extend across functions and when properly exercised, comprise supply, demand, distribution, production, purchasing and capacity planning. If your company is serious about making inventory-planning improvements, provision should be made for appropriate data-processing capabilities.
Supporting Next- Gen Asset Management through data portability and smart Infrastructure Equipment''s are getting smarter, even our ever smart Maintenance folks are now equipped with smart devices which helps them to perform their not so easy day to day EAM functions in an effective manner.
Cloud & Big Data. Many large product/equipment vendors make more money through warranties and repair, especially when these happen onsite, so there could be some resistance there. This helped in reducing the failure rates, maintenance cost and loss in production time. Instance Consolidation Strategy. Customer Service.
Today we will go into detail on using the available data created in the processing of shipments within transportation management and other related logistics management for continuous improvement. . 6 Benefits of Using the Right Data in Logistics & Transportation Management for Continuous Improvement. Order Processing Capabilities.
While COVID did see some modal shifts of everything from wheat to Peloton exercise bikes, there are certainly products that are less likely candidates for shifts. With more easily accessible data and bookings, alternatives to, yes, historically alternative routes suddenly become far more viable.
And while retailers were able to modestly re-stock going into peak, data now shows that they lack adequate inventory. One data point shows inventories declined 9% year-over-year while sales increased 9%. Per the FMCSA calculations, this represented a very deep cut of 4.4% Inventory replenishment will continue well into 2021.
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy In 2014, a survey by Tompkins Consortium delivered a shocking revelation.
From a purely automotive perspective, the US vehicle handling ports exported 4m vehicles last year and imported twice that number, according to data from analyst PwC. According to GE Transportation, the system integrates data from across the port to better align people and resources and more efficiently move cargo through it.
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