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Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

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.”. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

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Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. There are a myriad of processes, controls, conditions and situations that need to be managed to ensure that your products are sourced consistent with your expectations.

Global Trends in Digital Supply Chain - 2018 Review

Abivin

The year 2018 saw the increasing use of advanced technology to give more intelligence to logistics operations. With the end of 2018 approaching, let’s look back with Abivin at some of the most prominent trends in supply chain management. Source In the year 2018, Artificial Intelligence (AI) and Advanced Analytics have evolved into the kind of “can’t do without” technology. But what happens when you can’t process a huge amount of data coming from different sources?

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Here are the ones that caught my attention: Maersk and IBM Introduce TradeLens Blockchain Shipping Solution. Cass Truckload Linehaul Index (July 2018). This is self-contradictory,” said Jansen at the [Global Liner Shipping Conference]. More than 154 million shipping events have been captured on the platform, including data such as arrival times of vessels and container “gate-in”, and documents such as customs releases, commercial invoices and bills of lading.

Go Boldly Together: Takeaways from Nulogy xChange 2018

Talking Logistics

This unprecedented change, and the challenges and opportunities it creates for CPG companies and suppliers, was a hot topic of conversation at the Nulogy xChange 2018 conference a few weeks ago where I delivered a keynote presentation and moderated a panel discussion with industry executives (more on that later). . Nulogy xChange 2018: Why Courage is So Important Today. Source: Nulogy.

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.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts. Michael answered his own question by pointing out that most companies have some combination of transportation management systems (TMS), warehouse management systems (WMS), order management systems (OMS) or an ERP that contain tremendous amounts of data that they can use to better understand service levels, freight spend, profitability, and many other metrics.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. What alternative plants/factories/sources of supply do they have at their disposal? West Coast Port Strike Disrupts Shipping Lanes.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day. Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). And relative to emerging data sources of relevant Big Data on global supply chains, one very interesting new player is Spire Global.

Customer Experience Driving Innovation for High-Performing Companies

Talking Logistics

To gain insights on that question and more, Adelante SCM and BluJay Solutions conducted a web survey of supply chain and logistics professionals in March 2018. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, August 2018. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, August 2018.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

With sourcing spread over multiple geographies requiring logistics moves that involve multiple entities and numerous handoffs between 3rd party providers, and customs and regulatory agencies at both ports of export and import; the ability to effectively manage the global supply chain is challenging under the best of circumstances. It supports the ability to consolidate multi-vendor/PO shipments to optimize total shipping costs.

50 expert tips on logistics planning and strategy

6 River Systems

“Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response. “A 3PL can provide a range of fulfillment services, from setup, to shipping, to customer service. “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.

5 fundamental ways to reduce Last mile Delivery Costs

Abivin

You can measure your fleet performance with 5 key metrics for last mile delivery. Source 1. Source 3. Rather than thousands of middle distribution channels, these urban warehouses are now near the highly populated areas for quicker and more convenient shipping. 92% of consumers said that they would buy again if product return process was easy whereas 79% of consumers prefer free return shipping.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

Low cost sourcing is a predominant reason for this geographically dispersed network. A carbon emissions reduction strategy must take all Suppliers into account, not just the impact from your in-house facilities. Further your Supplier selection and management plan must include reporting on environmental emission metrics along with reduction goals and performance tracking. Do they have a plan to get all of their energy needs from sustainable and renewable sources?

Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

The 2018 FIFA World Cup soccer championship has drawn millions of sports enthusiasts to Russia. million shipped items and 60 metric tons of air freight.*. Source: [link]. If supply chain is the ultimate team sport, nothing tests the game strategy and teamwork like a worldwide event. Preparations for this athletic mega event have been at full throttle for a long time.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. What alternative plants/factories/sources of supply do they have at their disposal? West Coast Port Strike Disrupts Shipping Lanes.

Are You Up to Speed with Supply Chain Digitization?

Supply Chain Collaborator

Journal of Commerce’s William Cassidy published a piece this month reporting on the extent to which the current capacity challenges have accelerated the rate of supply chain digitization among US-based shipping organizations [ read it here- registration required ]. As with most complex business challenges, the ability to accommodate increasingly complicated supply chains is heavily dependent on technology.

Value of Analytics for Wholesale Distributors

Silvon Software

In simple terms, this means that distributors should strive to achieve the best possible result for every dollar spent relative to purchasing, repackaging, picking, packing and shipping. Other key performance metrics at the operational level. Without the ability to look at data from multiple sources and from multiple angles, it can be difficult for warehouse distributors to uncover problems that could be costing them money.

7 Pitfalls of Amazon FBA (Fulfillment By Amazon)!

Supply Chain Game Changer

Fulfillment by Amazon or Amazon FBA lets sellers in the Amazon marketplace take advantage of Amazon’s giant logistics operation to ship their orders. FBA items are eligible for Amazon Prime shipping and Amazon handles your angry customers (which Amazon considers its customers, not yours). Q4 of 2016, in particular, created less than ideal press for the company when a British jury found Amazon UK guilty of shipping hazardous materials by air without proper labeling or packaging.

Get Ready for Holiday Now … Make It Boring (From A Supply Chain Perspective)!

Supply Chain Game Changer

Focus on your key cost, quality and delivery metrics. They must understand the physical size of those skus, the promotional strategy, and the supplier sourcing, delivery and replenishment plan. Otherwise, trying to respond at the last minute when you are in the middle of the Holiday season and scrambling to get product shipped will mean higher cost, disappointed customers and disappointed stakeholders. Implement Ship To/From Store Capabilities. Subscribe Here!

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

With sourcing spread over multiple geographies requiring logistics moves that involve multiple entities and numerous handoffs between 3rd party providers, and customs and regulatory agencies at both ports of export and import; the ability to effectively manage the global supply chain is challenging under the best of circumstances. It supports the ability to consolidate multi-vendor/PO shipments to optimize total shipping costs.

Digital Orchestration of Your Supply Chain Requires “3-D” Orchestration

Supply Chain Action Blog

This kind of value network strategy goes beyond determining where to put a warehouse and to which stores it should ship. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc., Diagnosing systemic challenges requires a hierarchy of metrics with respect to cause and effect (such as the SCOR® model). Copyright 2018 Oracle Corporation.

Ava Ex Machina and the Retail Supply Chain

Supply Chain Action Blog

This kind of value network strategy goes beyond determining where to put a warehouse and to which stores it should ship. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc., Diagnosing systemic challenges requires a hierarchy of metrics with respect to cause and effect (such as the SCOR® model). Copyright 2018 Oracle Corporation.

Detect Problems, Diagnose Causes, and Direct Next Best Actions Before Negative Business Impact

Supply Chain Action Blog

This kind of value network strategy goes beyond determining where to put a warehouse and to which stores it should ship. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc., Diagnosing systemic challenges requires a hierarchy of metrics with respect to cause and effect (such as the SCOR® model). Photo licensed through iStockphoto.

Detect Problems, Diagnose Causes, and Direct Next Best Actions Before Negative Business Impact

Supply Chain Action Blog

This kind of value network strategy goes beyond determining where to put a warehouse and to which stores it should ship. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc., Diagnosing systemic challenges requires a hierarchy of metrics with respect to cause and effect (such as the SCOR® model). Photo licensed through iStockphoto.

Top 10 New Year’s Resolutions for Wholesalers in 2019: Drop Those Bad Habits from 2018

EMERGE App

And you might still be shaking off a hangover and wondering where on earth did 2018 go. Well, today is the day to take stock of what you did right , and what went wrong , in 2018. Source Sensibly and Sustainably. Historically low shipping rates are slowing creeping back up. Keep an eye on this metric to avoid a deadstock situation. It’s time to lay those bad habits from 2018 to rest. Introduction. It’s that time of the year again!

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

Supply Chain Game Changer

Video Source: [link]. Consumers are the biggest source of food waste in developed countries as they discard at least 20-30% of what they purchase. And problems in harvesting, quality standards, storage, shipping costs, and handling all create food waste. Table Source: [link]. ” Source: [link]. Check out ReFed’s Roadmap to Reduce Food Waste: Video Source: [link]. Subscribe Here! Email Address. Check out The Baby Supply Chain!

Food 63

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Do they want fast shipping? Free shipping? According to a UPS report, 74% of consumers say “free shipping” is the most important delivery option and 44% will choose a slower ship time if it means it’s free. However, 75% also said they are willing to pay a premium for expedited shipping—depending on the need.

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Do they want fast shipping? Free shipping? According to a UPS report, 74% of consumers say “free shipping” is the most important delivery option and 44% will choose a slower ship time if it means it’s free. However, 75% also said they are willing to pay a premium for expedited shipping—depending on the need.

Food Trends That Could Have an Impact in 2021

Zipline Logistics

plant-based and cell-based meat companies in the past 10 years — $13 billion of it in 2017 and 2018.” Those cutting-edge technologies are enabling companies to create personalized nutrition plans for users based on biological metrics. Increased Sourcing Transparency .

What is Order Fill Rate and Why Should You Care?

EMERGE App

As a small business owner of a wholesale or distribution business , there are so many metrics that you can apply to your business to assess your relative performance. Aside from the usual profit and cash flow ratios — two important metrics that are always on your mind — other metrics judge just how efficiently your business is doing with inventory management. The order fill rate is one such metric that you need to pay attention to. Introduction.

Don’t Make These 8 Horrible Inventory Management Mistakes Before Halloween

EMERGE App

Horror 3: Disappearing Metrics. Aside from generating financial reports, what other metrics are you using to benchmark your inventory management efficiency? Remember to use metrics such as the order fill rate to judge just how well you are managing your orders and thus stock levels. Satisfied and happy customers will see all or most of their orders fulfilled and shipped immediately. Introduction.

Quick Start Guide to Using Machine Learning for Demand Planning

ToolsGroup

Without baseline metrics on what you want to improve on and why, how can you be confident your strategy is working? And because machine learning systems get smarter over time, having a consistent method of measurement is even more important to ensure you can accurately track how outcomes and ROI are improving against established metrics. Data Variety The more different types of data sources you factor in (e.g. 20 September 2018 ID: G00373110.

Profitable Agility: Part 2 of Agility and Resilience in Supply Chain Execution

BlueYonder

In a 2018 survey by GEODIS, only 6% of supply chain professionals worldwide believed their companies had achieved supply chain visibility ?