247 Customs Broker

MARCH 26, 2018

I was having lunch with a friend of mine who had recently conducted a transportation sourcing event. There are plenty of companies using a flawed process in conducting their transportation sourcing events. It’s important to press for in-depth answers and examples. By Mike Regan ·. March 26, 2018.

Optimal Sourcing 28

Optimal Sourcing Sourcing Strategies Negotiating Skills Negotiate Pricing 28

Logistics Viewpoints

MAY 26, 2022

This is not a continuous improvement exercise, but a matter of survival as greater unpredictability prevails in our markets, continually taxing resources, and challenging forecast accuracy on both the demand and supply sides.

Supply Chain Software 175

Supply Chain Software Optimal Sourcing Supply Chain Design Software Logistics Network Optimization Software 175

Logistics Viewpoints

JULY 22, 2021

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.

Supply Chain Planning Software 161

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Scenario Planning 161

Logistics Bureau

OCTOBER 4, 2024

Examples of Vertical Integration To illustrate these drivers a bit more comprehensively, let’s look at a few examples of companies that have either started out with a vertically integrated structure, or have become more vertical via mergers or acquisitions.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Software Supply Chains Material Savings 91

Logistics Viewpoints

AUGUST 9, 2022

By integrating order data, load information across modes, yard shipments and the like, internal departments can turn to a single source of the truth and more accurately manage various aspects of the lifecycle. Transportation teams could drill into their top bottlenecks by facility, carrier performance, dwell time and volume.

Inventory Reduction 145

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 145

FreightWaves SONAR

MAY 14, 2024

From a shipper’s perspective, transportation is a cost center, and the exercise of sourcing trucking capacity is not much different than that of procuring raw materials for production. In the above snippet, the example lane is very unbalanced in terms of capacity flow.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Sourcing Strategies 52

Logistics Business Magazine

MAY 5, 2020

Creating supply chain resilience is a holistic exercise that involves more than just a few savvy logistics people. As mentioned, this should not be an exercise limited to supply chain professionals. Understanding the market comes with insights into scarcity, sourcing locations and price fluctuations. Lastly, consider materials.

Supply Chain Planning Software 45

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 45

Logistics Viewpoints

SEPTEMBER 28, 2021

Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. And what is sitting in the warehouse. And at the cross-dock. And in the rail car. Real-time visibility into “static goods” — wherever they may be — is the foundation for managing through volatility.

Supply Chain Planning Software 122

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 122

Logistics Business Magazine

NOVEMBER 24, 2022

One example is multi-shoring. With the geopolitical situation remaining tense and unpredictable and costs rapidly rising in some formerly ‘low cost’ regions such as Asia, it is getting harder for many Western businesses to justify a single sourcing strategy. Collaboration takes centre stage. Environment vs economics.

Trends 69

Trends Sourcing Strategies Transportation Cost Reduction 69

Logistics Viewpoints

SEPTEMBER 7, 2022

Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD. The company had access to huge amounts of trade data, for example. But the further up the supply chain BD went, the less incentive suppliers had to participate in these exercises. But I was skeptical.

Supply Chain Software 136

Supply Chain Software Supply Chains Optimal Sourcing Procurement Solutions 136

Material Handling and Logistics

DECEMBER 14, 2018

It arrives from an array of sources, and it is presented in a variety of formats. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation.

Supply Chain Software 166

Supply Chain Software Optimal Sourcing Supply Chains Sourcing Strategies 166

The Lean Thinker

JULY 2, 2024

With the justification aside, they next had us go through exercises calculating net present value and ROI for a hypothetical capital investment in tooling – as though a shop floor supervisor would do this at any point in the course of their job. The structural designs were far more tolerant of production variation, for example.

Supply Chain Design Software 397

Supply Chain Design Software Price Reduction Supply Chain Planning Software Optimization Software 397

Logistics Viewpoints

MAY 25, 2023

I’ve seen our own R&D team test some very cool applications and have been following the news closely in search of other examples relevant to supply chain. The first use case is MIT professor Yossi Sheffi’s idea for using generative AI to monitor all possible sources of risk for a given supplier to mitigate any disruptions.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Supply Chains Negotiating Skills 156

Logistics Business Magazine

JUNE 11, 2024

Through this CO2 review exercise, Palletower has looked at the impact that the distribution of goods is having towards today’s climate crisis, and ways in which its own changes to the supply chain are a microcosm of potential change the industry could make. Furthermore, it has improved Palletower’s own sustainability efforts.

Manufacturing Procurement 51

Manufacturing Procurement Sourcing Strategies Material Savings Expense Reduction 51

Logistics Bureau

APRIL 3, 2023

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.

Outsourcing 89

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 89

ShipLilly

FEBRUARY 8, 2023

For example, some businesses could position themselves as the source for hard-to-find items that have not been recently stocked by most rivals. For example, businesses may conclude that the combination of low demand and high inventory will be so damaging to the bottom line that it is better to offer inventory at discounted prices.

Inventory Reduction 52

Inventory Reduction Inventory Handling Price Reduction 52

Talking Logistics

SEPTEMBER 4, 2018

Example A: Fashion Retailer – Business Strategy is short life cycle products. Example B: Supermarket Retailer – Business strategy is to have low cost to compete effectively. Example C: Oil & Gas – Products and services are diverse. Hence following so-called industry trends may not always yield targeted results.

Inventory Reduction 70

Inventory Reduction Inventory Logistics Network Optimization Software Cost Reduction 70

Material Handling and Logistics

OCTOBER 23, 2018

An example of where this can make a difference is in how businesses source and onboard new suppliers – an exercise that is traditionally slowed by the burden of contracts and letters of credit. Many companies source production in other countries as a means of reducing cost. But those costs eventually go up.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 74

Logistics Bureau

NOVEMBER 3, 2024

Mini Case Study: Walmart Walmart may be the most famous example of a company that has succeeded primarily because of a well-developed and aligned supply chain strategy. For example, supplier performance issues can cause problems with inventory, order fill; on-time delivery performance and customer-order lead times.

Supply Chain Design Software 82

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 82

Logistics Manager

MARCH 10, 2020

Sourcing: Travel may be restricted to certain areas, limiting the ability to discover, qualify and certify new business or programs and to transact business. ? Supply chain leaders and their teams can, for example, conduct a scenario planning exercise and develop action plans.

Gartner 67

Gartner Scenario Planning Supply Chains Security 67

Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. Ideally, though, evaluating your position against competitors should not solely be a KPI benchmarking exercise. Other sources that can reveal details about your competitors’ supply chains.

Inventory Reduction 108

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 108

Logistics at MPEPS at UPV

JUNE 6, 2017

Last week we were talking about Mercadona, a clear example of business success at many different levels: its close relationship with suppliers, the commitment to continuous improvement, the training of its workers and the commitment to the white label have been decisive in this race to triumph. Source: [link]. Filed under:

Supply Chain Design Software 40

Supply Chain Design Software Exercises Supply Chain Design Optimal Sourcing 40

Logistics Business Magazine

DECEMBER 11, 2022

For example, a big-box retailer that started to build out its pickup services, it delivery services, and so on, so that when the world pivoted, and stores were closed, but people still wanted this retailer’s products, it already had all of that investment there. Consumers are looking for more durable products.

Supply Chain Planning Software 56

Supply Chain Planning Software Supply Chain Software Supply Chains Trends 56

FreightWaves SONAR

JUNE 5, 2023

In this blog post, we’ll walk through some of the obstacles to medium-term demand planning, consider how high-frequency supply chain data can help fill the informational gaps that companies are grappling with, and then look at a real-world example of how the data in FreightWaves SONAR can give insight into the goods economy.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Data Freight 52

GlobalTranz

APRIL 6, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. For example, many supply chain resiliency plans may have considered a health crisis in which organizations and key partners face lower-than-normal staffing levels. Overall, U.S.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Supply Chains Manufacturing Procurement 75

SYSPRO Smarter ERP

JANUARY 19, 2022

Many businesses in the US, and elsewhere, were sourcing their componentry from China. For example, one of the main problems with Asian-US trade is that all container ship deliveries are now routed to the West Coast, even though the bulk of America’s manufacturers are based on the East Coast. Use data to improve operations.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 105

Talking Logistics

JANUARY 11, 2019

Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, 2018. The full 29 percent would be exercised if Amazon orders up to 300 million euros ($346 million) of Balyo’s enabled products.”. New in Transportation Management Systems (TMS).

Logistics Network Optimization Software 60

Logistics Network Optimization Software Supply Chain Software Optimization Software Logistics 60

Logistics Bureau

JULY 27, 2020

As diamonds, and to a lesser extent, perhaps gold, are resources with origins that can sometimes be controversial, companies like De Beers have seized upon blockchain to provide evidence that their gems come from sources that don’t involve insurgency funding or forced labour. Examples of Blockchain in Food Supply Chains.

Supply Chain Planning Software 83

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Tracking and Tracing 83

Sabinext

FEBRUARY 11, 2019

London, for example, accounts for 32 % of the UK’s national GDP produced by only 23 % of the population. Moving thousands of people and products effectively from A to B on a daily basis is an incredibly complex exercise, both financially and environmentally. The challenge of being too big to fail. Data-driven approach.

Optimal Sourcing 67

Optimal Sourcing How To Logistics Network Optimization Software Logistics 67

Logistics Bureau

NOVEMBER 6, 2023

It also offers benefits regardless of whether you are already using energy-efficient light sources. For example, could some areas of your warehouse be adapted via racking optimisation to store higher inventory volumes? A warehouse benchmarking exercise is an excellent way to start the quest for improvement opportunities.

Cost Reduction 109

Cost Reduction Purchasing Skills Waste Reduction Material Savings 109

Ship Monk

AUGUST 2, 2023

A product category like apparel, for example, has too many subcategories to be considered a niche. If you’re already knee deep in design iterations and fulfillment provider RFPs, we hope you’ve already gone through this exercise. Sourcing unique materials or suppliers? What is Not a Niche? What kind of apparel? Loungewear?

eCommerce 52

eCommerce Material Savings Cost Reduction Inventory Reduction 52

Logistics Bureau

SEPTEMBER 20, 2022

For example, it either makes sense to outsource logistics activity to a 3PL, or it makes more sense to keep it in-house. For example, outsourcing can seem like a potential cure for obfuscated logistics costs , given that lack of cost transparency is a common issue for organisations that manage logistics internally.

Outsourcing 100

Outsourcing Cost Reduction Resource Reduction Expense Reduction 100

Talking Logistics

APRIL 6, 2017

While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. Do you have a resilient and “stress-able” routing guide?

Capacity 60

Capacity Price Reduction Sourcing Strategies Cost Reduction 60

Supply Chain Brain

MARCH 26, 2018

For most of human history, the success of that exercise has rested on the appointed seer’s years of experience, coupled with some indefinable grasp of probability. So a workable automated system will have the capability to weed out those parameters that don’t make sense — for example, a material that is prohibited in key markets.

Optimal Sourcing 40

Optimal Sourcing Production Optimization Software Supply Chain Design Software 40

Logistics Bureau

NOVEMBER 20, 2023

So that’s the route we’re taking in this article, 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. That enables you to account for a broader spectrum of variables in your planning activity.

Presentation 81

Presentation Optimization Software Logistics Network Optimization Software Optimal Sourcing 81

The Logistics Academy

AUGUST 21, 2016

For example, they are dealing with slowing store sales and are closing stores. It is not fulfillment exercise of shipping quickly from distribution centers. Source: LTDManagement. The change is expanding from mass merchandising to tailored direct selling. Retailers struggle with omnichannel. And they are not stopping.

Supply Chains 40

Supply Chains Purchasing Skills Exercises Ordering 40

Talking Logistics

JUNE 29, 2017

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. Source: LLamasoft. The slide below provides an overview of SupplyChainPlanning.com: Source: LLamasoft.

Supply Chain Design Software 36

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 36