Combat Rising Transportation Costs and Driver Shortage With Supply Chain Analytics

Savi

Today’s driver shortage is helping to drive transportation costs higher. To put this in perspective, 2018 is the first year since 2006 in which driver shortage is the primary concern of the industry. On top of all these factors, the driver shortages, an almost 100% driver turnover rate, and increased demand further jam up the supply chain and limit transportation options. As the chart indicates, truck transport costs rose sharply in 2017 and aren’t slowing down.

A Brief History of WMS in the Supply Chain

Cerasis

As the world moved forward, the basic concept of managing warehouse inventory did not change much. The 19 th Century: The Railroad Becomes a Major Player in Transporting Goods. During the 19 th century, the use of railroads to transport goods long distances had increased. The 1900s to Late 1930s: World War I Witnesses the Introduction of Hand Trucks for Moving Materials and Managing Inventory.

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Lean Thinking Revisited

Operations and Supply Chain Management

One landmark in the lean revolution for retailers was Walmart ’s decision in 2006 to thin out inventory by $6.5 billion, a drive that relied on efficient transportation. The supply chains for consumer goods in the U.S.

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RFID in the Supply Chain: Fizzling Technology or the Future of Effective SCM?

Cerasis

In 2003, Walmart announced that all of its suppliers would need to have Radio frequency identification (RFID) tags on all pallets and cases by 2006. More recently, with the rise of interconnected systems, the analytics to derive value from those systems seems, and decreased costs, RFID is resurrecting as a solution for increasing supply chain management (SCM), visibility into processes, and reducing inventory tracking costs.

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Label MasterClass

AB&R

In 2006, Christine joined Zebra Technologies to market thermal printing supplies in North and Latin America. Blog Inventory Management Manufacturing Transportation & Logistics durable labels efficient labels label assessment labels masterclass zebra technologies

Where Do We Go From Here? Taking a Look at the 2016 State of Logistics Report

Cerasis

Instead, annual transportation costs rose continued to rise by 5.5 GDP has changed since 2006. Transportation and Storage Cost Insights From the 2016 State of Logistics. Changes in transportation and storage of inventory costs made up significant portion of the 2016 SOL. Overall transportation costs rose by 1.3 However, ocean and rail transport saw significant decreases in previous demand, but these modes still managed to see slight growth of 2.1

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Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products. This model improves operational efficiency, reduces friction and waste in the supply chain, and improves inventory management, asset tracking and personnel monitoring. 1 “Shelf Life,” Forbes, Suzanne Hoppough, May 12, 2006.

The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

Cerasis

In other words, greater access to identical systems prevents organizational silos from inhibiting visibility, asserts Alex Whiteman of Eye For Transport. For example, wearables measuring the number of steps, heart rate and calorie consumption can virtually eliminate on-the-job cardiac events, reports the Inventory & Supply Chain Optimization Blog. While this idea seemed ground-breaking in 2006, it has become a commonplace aspect of nearly all Walmart locations.

Don Ralph of Staples Awarded Salzberg Medallion for SCM

Supply Chain Network

His key accomplishments include the development of new industry-leading infrastructures, spearheading impeccable inventory management, an intricate fulfillment and delivery network, perfect order execution and a highly efficient cost structure. Staples has focused on many fuel efficiency initiatives within its delivery fleet since 2006. A speed reduction program has saved over five million gallons of fuel and 35,000 tons of CO2 since 2006.

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How Can We Heal the Global Supply Chain?

Supply Chain Shaman

The combination of technology along with the advancements in transportation made it possible. Inventory Turns. Better performance in inventory turns than the peer group average for the period of 2006-2015. Corporate report data is not readily available before 2006. If you trace the year-over-year pattern, you can see that P&G made progress on inventory turns and operating margin 2006-2007, 2009-2010. Today, I unpacked my bags.

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How Do You Define a Mature Supply Chain Planning Organization? (Part 1)

Supply Chain Shaman

In 2006, they made a decision to implement a supply chain planning solution. Most often the focus is on transportation or logistics, but does not take into consideration the trade-offs between make, source and deliver. Use of third-party data for transportation lane and drayage times by day/time of week. Monthly design of the supply chain including form and function of inventory and inventory placement. Inventory. Focus on the level of inventory.

New Bookends: The Tale of Supply Chain Global Leaders in Consumer Products

Supply Chain Shaman

These giants drove slight improvements in operating margin, inventory turns and Return on Invested Capital (ROIC) despite a slowing economy. The shift from 2004-to 2006 is impressive. Over the past two years, P&G made impressive gains in operating margin and inventory turns, but the company failed to equal the ROIC test for asset utilization. It is exciting to see a country so excited about building global transportation infrastructure. Definition.

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Coronavirus Increases Supply Chain Risk Management Priority

Enterra Insights

… Perhaps more important than inventory and planning is the lack of experience: Experts refer back to the 1918 Spanish Flu outbreak for guidance, yet no public health experts have personal experience with this type of global pandemic.” ” Moritz warns, “Supply chain leaders should prepare for additional disruptions in supply and transportation.”

Transforming Consumer Value Chains: Navigating The Power Shift to the Shopper

Supply Chain Shaman

When we do these types of analysis, we look back at the data as far as we can reach (Y chart data is available only back to 2006 in a reliable form) and then we look at the period of 2006-2014 and the more recent period of 2011-2014. Table 1: Contract of Growth, Operating Margin, Inventory Turns and Cash-To-Cash for Consumer-Facing Industries. In parallel, take a closer look at inventory turns where only pharmaceutical companies made slight progress.

3 Tips for Placing the Customer at the Center of Your Hospitality Supply Chain

AFFLINK

To ensure proper logistics management in the hospitality industry, businesses need to take steps to ensure efficient transportation and order pick-up. If streamlined correctly, these changes can lead to higher revenue, transportation cost reduction, and cost structure improvement. Inventory Management. Problems with inventory management. Its inventory management system tracks sales, monitors available supplies, and communicates with suppliers in real-time.

Transforming Tribes

EFT

This isolationist approach takes no account of effective inventory control, asset capacity management, mark down risk, responsiveness or availability. From a cautious toe in the water in 2006 when they achieved £1 million in online sales, they had, by 2012 achieved £1 billion. Image: Column 3PL/Logistics Freight Transport General Supply Chain Technology/IT Retail/CPG/Fashion Many retail organisations are essentially tribal.

The India supply chain revolution

Supply Chain Movement

Reddy estimates that this increased transit time by about 50% on a high volume transport lane like Mumbai-Delhi. These long delays for transport run straight into the very localized and demand distribution market. In addition to the cost savings, this executive pointed out the non-negligible decrease in inventory working capital by eliminating so many stock positions. ADJUSTING TO A NEW TAX REGIME.

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Who said supply chains are boring?: An Online Class Everyone.

Supply Chains Rock

As the Supply Chains Rock blog points out in an October 2006 post, conducting business in emerging global markets requires a knowledge of supply chains and the ways in which they function in other regions. ” Basically everything from the mining of raw ingredients to the production process for the packaging—not to mention all the transportation needed to move things from place to place—falls within the wide umbrella of the supply chain.

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Freightera’s New Redesign Takes Instant Online Freight Quotes to the Next Level

Freightera

Over 9 billion automated rate quotes in Freightera’s inventory connect 23,000 communities. Freightera started in Canada and cross-border US-Canada transport and is rapidly expanding in the United States. This redesign will help Freightera to open container shipping and other modes of transport in the near future. Freightera is creating a unified global marketplace for freight transportation. Canadian startup Freightera released its breakthrough redesign.

Chain of Custody: The source of control in global supply chains? – IoT Beyond the Buzz

Global Trade Management

The European Union and the World Customs Organization, for example, have rejected the Safe Port Act of 2006 with the impossible requirement of 100% scanning of all containers. For example: The increased transparency along the physical supply chain enables organizations to improve financial supply chain operations and reduce inventory levels & working capital. Chain of custody is a term often thrown around as a buzzword.

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Tesla and the Future of the Trucking Industry

Elementum

The global trucking industry is currently facing two great challenges for sustainability: to transport a significantly higher volume of goods, and to further develop new means of delivery concepts. CEO Elon Musk, whose original “Master Plan” was unveiled ten years ago in 2006, initially mapped out blueprints for autonomous electric cars and energy storage. Trucking is the main means for freight transportation in the United States.

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

In the mid 1950s, this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers. By the 1960s, a clear trend had developed in shifting more time-dependent freight transportation to truck rather than rail. This led to the need for joint consideration of warehousing, material handling, and freight transportation, which emerged under the label of “Physical Distribution.”.

Capacity + Higher Contract Rates = Opportunities in Disguise

DAT Solutions

Freight transportation is a leading economic indicator, and the latest reports support the trends we see in our industry: factory production is down, new oil and gas drilling is stalled, coal and steel are declining. If retailers agree, they will start building inventory very soon. While that was the highest reading since the start of the recession in Q4 2008, it’s still 11% below 2006 levels. Spot market freight volume is soft, and capacity is loose.

[INFOGRAPHIC] The Evolution and History of Supply Chain Management

Cerasis

In the mid 1950s, this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers. By the 1960s, a clear trend had developed in shifting more time-dependent freight transportation to truck rather than rail. This led to the need for joint consideration of warehousing, material handling, and freight transportation, which emerged under the label of “Physical Distribution.”