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Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC).

Top 25 Supply Chains of 2018

Material Handling and Logistics

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. So the CSR score too is more of a popularity contest than a consistent metric. So in 2018, McDonald’s joins Apple, Procter & Gamble and Amazon on a separate “Masters” list, as one of the “best-of-the-best.”. Department of Transportation to ban the product from air transportation.

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Building the Business Case for Supply Chain Risk Management

Cerasis

On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995.

Multichannel Fulfillment & Shipping: Considerations for Wholesale Distributors & OEMs in the Transition From Single Channel Shipping

Cerasis

percent from the first quarter of 2018. Unfortunately, manufacturers and OEMs may lack the infrastructure necessary to facilitate such changes, and resellers face challenges in optimizing procurement for the world of e-commerce. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Align metrics and incentives with unique e-commerce goals.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. By building common metrics and targets and jointly monitoring progress – companies avoid the misaligned incentives that damage so many collaboration efforts. Lower transportation and warehousing costs. Improved customer service metrics.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Supply chain leaders will face 2018 with uncertainty and opportunity. In other words, the simple act of providing reports to executives and upper-level managers could be considered a form of data visualization, and better reporting will be a fundamental improvement in supply chains throughout 2018, explains Craig Guillot of Supply Chain Dive. Lean processes are standard in supply chains, including logistics, but 2018 will see a gradual transition to elastic logistics.

Supply Chain Risks: Which Are Top of Mind Today?

Talking Logistics

The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt. Do we have the right Service Level Agreement metrics in place? Is the mode of transport the most efficient to impact on-time delivery?

Top 8 software every FMCG company should invest in

Abivin

Transportation Management System (TMS) and Route Optimization Software (ROS) TMS and ROS are needed for both Primary and Secondary Distribution of FMCG products. Cutting costs in transportation has always been a concern for FMCG companies due to the huge capacity and fast-paced movement of the industry. A transportation management system might be the key to lessen your burden. This solution is designed specifically for resolving transportation constraints in ASEAN countries.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

million metric tons (or 60% of the world’s supply). million metric tons. Supply chain is not just about the procurement and transportation of goods from source to consumer. In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply. Ten years later, that number has more than doubled. It’s expected that market demand for the metal will increase to more than 120,000 tonnes per year by 2020 — 60% of which will account for battery production alone.

Best Practices to Improve Your Truckload Service and Price

TMC

While shippers face the difficult market conditions of tight capacity and increased consumer demands, they are also being challenged to find transportation cost savings and improve customer satisfaction. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. Business Intelligence Market Trends Research Transportation Management

Best Practices to Improve Your Truckload Service and Price

TMC

While shippers face the difficult market conditions of tight capacity and increased consumer demands, they are also being challenged to find transportation cost savings and improve customer satisfaction. To determine whether a shipper fell into a Leader or Laggard category, researchers measured three commonly-used performance metrics: on time pickup, on time delivery, and first tender acceptance. Business Intelligence Market Trends Research Transportation Management

50 expert tips on logistics planning and strategy

6 River Systems

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “By keeping an eye on these warehousing metrics, you can map out an error-resistant fulfillment process that moves from order to delivery as efficiently as possible. ” — 7 Metrics You Need to Streamline Your Warehousing Processes , Aero Fulfillment; Twitter: @AeroFulfillment.

5 ways TMS transforms Logistics Managers' jobs

Abivin

That’s where the need for Transportation Management System (TMS) comes into play. Instead, you have reactive transport commands that are fast, efficient and very easy to work on. You are also equipped with a way to manage costs and handle internal metrics. Moreover, by implementing a TMS, the same logistics managers can streamline their transportation departments, connect their carriers to their 24/7 online networks, and improve the way they procure and manage freight.

Transportation Network Modeling: A Powerful Tool in Greenhouse Gas Emissions Reduction Strategy

Talking Logistics

Outside of the Paris Agreement, the European Union (EU) has a goal of reducing greenhouse gas emissions from transport by around 60 percent below 1990 levels by 2050. For example, the US Environmental Protection Agency (EPA) is phasing in fuel efficiency standards starting with trailers in 2018, truck standards in 2021, which are estimated to provide 2-4 year payback periods. million metric tons to date, saying that some measures had led to a doubling of fleet efficiency.

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How to Fix the Supply Chain Talent Shortage

Elementum

Professor Richard Wilding spoke about a board game he developed with several companies, which focuses on educating young children about logistics and transportation. Ultimately, companies need to shift their thinking when it comes to supply chain careers, understanding that performance metrics must change in order to reflect the new supply chain. This is a follow-up piece to our previous post, 4 reasons for the supply chain talent shortage.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

million metric tons (or 60% of the world’s supply). million metric tons. Supply chain is not just about the procurement and transportation of goods from source to consumer. In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply. Ten years later, that number has more than doubled. It’s expected that market demand for the metal will increase to more than 120,000 tonnes per year by 2020 — 60% of which will account for battery production alone.

The Future of Energy for Manufacturing!

Supply Chain Game Changer

Today, manufacturers located in multiple geographies are faced with complex energy sourcing options affected by various procurement and billing requirements and the ever changing local/state/federal legislation. The electrification of the transportation market will require today’s industry leaders in those sectors to adapt in order to survive & lead. Subscribe Here! Email Address. Guest blog provided by Joe Hall, Director, Business Development at 360 Energy Inc.

WMS Cybersecurity: Top 7 Reasons to Think of Security During Implementation

Veridian Solutions

Constructive metrics. Constructive metrics within the system ensure everyone maintains the proper processes and uses the system correctly, reducing risk along the way. Since warehouse and logistics make up a vital intersection of modern supply chain management, cybersecurity risks may exist within the systems of your transportation network or procurement and vendor-selected systems. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

What will happen in 2018? Mexico and Canada are heading into 2018 with no clear plan for saving the North American Free Trade Agreement,” states a Bloomberg article published on December 15. Will prices continue to increase in 2018? If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? What are your predictions for 2018?

Manufacturing Gains From Machine Learning

IQMS

The ten ways machine learning is revolutionizing manufacturing in 2018 include the following: Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations are is achievable with machine learning. Machine learning is predicted to reduce costs related to transport and warehousing and supply chain administration by 5 to 10% and 25 to 40%, respectively. Source: TIBCO Manufacturing Solutions , TIBCO Community, January 30, 2018.

Food Waste and World Hunger – The Food Supply Chain is Broken! (Videos)

Supply Chain Game Changer

Better Supply-Demand planning, Quality management, transportation lead time reduction, distribution network optimization, cycle time reduction, better handling, more effective storage, real time order management, and reverse logistics improvement are all within the purvey of Supply Chain. Everyone in Supply Chain has experienced being asked to improve some metric by 25% or more. Subscribe Here! Email Address. Check out The Baby Supply Chain!

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3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. If you need more than one facility, often times you’ll have to multiply efforts to source and procure the location and services you need. Look for solutions that are simple, transparent, and scalable —from freight forwarding to fulfillment to transportation, there are solution providers that can help you build a dynamic supply chain designed for every stage of your business growth.

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. If you need more than one facility, often times you’ll have to multiply efforts to source and procure the location and services you need. Look for solutions that are simple, transparent, and scalable —from freight forwarding to fulfillment to transportation, there are solution providers that can help you build a dynamic supply chain designed for every stage of your business growth.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

In other words, the simple act of providing reports to executives and upper-level managers could be considered a form of data visualization, and better reporting will be a fundamental improvement in supply chains throughout 2018, explains Craig Guillot of Supply Chain Dive. Supply chains have used mobile technology for years, but 2018 will see increased use of social media accounts and marketing tools to increase supply chain management effectiveness. Subscribe Here! Email Address.

How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov. Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp., 2018). 2018).

Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

Lack of Inventory Visibility and Metrics. Finding the Right Transportation. The challenge is to find the most effective and efficient transportation solution to keep customers happy without driving up the landed product costs. ” Deborah Abrams Kaplan ( @KaplanInk ) asserts, “Retailers looking to improve margins could begin by looking at one metric — shipment to orders.

Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

The on-going tariffs levied by the Trump administration in 2018 against China has also made this option significantly more expensive for sourcing. As a member of the Chemical Manufacturers Association, Dow is a participant in Responsible Care, a program initiative that addresses a community’s concerns regarding chemicals, including their manufacture, transportation, use, and safe disposal; health and safety issues; prompt reporting of environmental accidents; and counseling of customers.

Can Supply Chains Adjust to a Circular Economy Over the Next Decade? Part 2

Enterra Insights

Marina Mattos, a Postdoctoral Associate at the MIT Center for Transportation and Logistics, bluntly asks, “How will such a shift affect supply chains?”[3] The approach involves new procurement methods that promote asset sharing (for example, cars), grounded in new distributed models and infrastructure.” ” Steutermann adds, “It is important not to confuse [sustainability] metrics with the circular economy.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

There are so many potential issues that can impact a supply chain to cause delays (such as fluctuating availability of raw materials, hold-ups in customs, adverse weather, staffing problems, political issues, procurement problems, changes in legislation and so on) that being able to realistically foresee and safeguard against each of them will only ever be partially successful, and it takes up a lot of resources. Mock has nearly a decade of operational transportation experience.