Remove Cargo Remove Inventory Remove Metrics Remove Sourcing
article thumbnail

The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. This proactive approach not only streamlines the sourcing process but also increases the likelihood of finding the right transportation service providers who can meet specific needs and expectations.

article thumbnail

Understanding Supply Chain Management

SupplyPike

These activities can involve storage and transport of inventory or supplies, monitoring of day-to-day activities, the preparation behind these processes, and blending these different components throughout the supply chain. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Inventory Map.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Evolution of Logistics: Connectivity, Data Integration, and Virtual Design

SCMDOJO

In the world of logistics, this means enhanced operational efficiency for inventory management, route optimization, safety and security of goods, and resource allocation. AI-powered systems will enable precise predictions, route optimization, inventory management, tracking, and communication.

article thumbnail

The Importance of a Strong Supply Chain and Logistics Strategy!

Supply Chain Game Changer

In addition to product management, logistics also includes inventory management. Thus, logistics for a retailer begins at the source of the goods and extends to their final destination – the brick-and-mortar store. Companies can also cut their inventory by up to 22% and improve their bottom line.

article thumbnail

Warehousing News Roundup: April 8, 2019

Stord

The e-commerce giant’s new 855,000-square-foot fulfillment center in Staten Island is 20% smaller than its usual facilities, but handles 50% more inventory than a traditional warehouse because of design choices and its use of automation. Delta reported a dip in air cargo freight last month compared to March of 2018.

article thumbnail

The State of the Trucking Market in 2021

GlobalTranz

Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.? Delays and congestion worsen each year, inventory strains continually affect capacity, and customer needs remain ever-changing. transportation metrics ?that today’s freight market, OTR freight services?enable?continued

article thumbnail

Fine-Tune Your Supply Chain By Looking at Amazon

Savi

From there, it can move horizontally to deliver cargo and packages for others and compete with other logistics service providers. In-transit visibility software-as-a-service provides accurate, live streaming data on the location and condition of cargo in motion.