Inbound Freight Trends for 2020: A Commitment to Improving Vendor Relations

Cerasis

The leading inbound freight trends for 2020 reveal a stronger push to improve inbound logistics efficiency and lower barriers to inventory management stress. The post Inbound Freight Trends for 2020: A Commitment to Improving Vendor Relations appeared first on Transportation Management Company | Cerasis. Inbound Freight Trends Inbound Freight Trends

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Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A significant paradigm shift in procurement and inventory control is an emerging area of focus. – LogiSYM July 2020.

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Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This year (2020) when they cancelled the Tournament, they stand to get 144 mil $ from Insurance company. Build inventory hedge to cover for volatility and risk (from Just in time to Just in Case) : Understand demand and supply side shocks, volatility and develop Inventory hedging strategies.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. The bullwhip effect refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Freight Management.

Staying Ahead of Supply Chain Paradigms – LogiSYM September 2020

The Logistics & Supply Chain Management Society

While leadership and supply chain teams around the world are fighting against the impact of Covid-19, trade and technology 2020, prevented rate increases in certain lists and reduced some tariffs, but since the driven tensions between Beijing and Washington, never went away. Global CO2 emissions were over 5% lower in Q1 2020 than in Q1 2019, mainly due to a 8% decline in emissions from coal, 4.5% Work-from-Home, Trust & The Friday Factor – LogiSYM September 2020.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Slowing demand means 6% lower imports from the GCC vs 2019 and 10% lower than 2020 forecast before the virus outbreak.” Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Successful collaboration will result in several benefits – reductions in lead times, improved in-stock fill rates, improved forecast accuracy, and increased inventory turnover. Article September 2020

Why Peak Season 2020 Is a Novel Opportunity | Talking Freight VIDEO

Cerasis

[link] Let’s Talk – 2020 Peak Season Every summer and early fall, shippers and carriers around the globe begin to prepare for the peak shopping and shipping seasons. Peak Season Videos Peak Season 2020

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Inbound Freight Trends for 2020: A Commitment to Improving Vendor Relations | TALKING FREIGHT Video

Cerasis

The leading inbound freight trends for 2020 reveal a stronger push to improve inbound logistics efficiency and lower barriers to inventory management stress. The post Inbound Freight Trends for 2020: A Commitment to Improving Vendor Relations | TALKING FREIGHT Video appeared first on Transportation Management Company | Cerasis. Inbound Freight Trends Videos Inbound Freight Trends for 2020

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IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

The IMO’s (International Maritime Organization) new Sulphur regulations, IMO 2020, will have far-reaching consequences for the global trade community. IMO 2020: The basics, the challenges, and how to lessen its impact on you. What is IMO 2020? Due to the high level of pollutants in the exhaust of the bunker currently used to power some 60,000+ ships globally, the IMO is going to implement a new regulation regarding these fuels on January 1, 2020. Subscribe Here!

Four Things You Probably Didn’t Know About Inventory Planning and Sustainability

ToolsGroup

I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits. The place to start for a more efficient inventory stocking strategy is better understanding your demand so you can precisely predict how much goods you need, where and when.

Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. That’s where a lot of the money had been deployed up until March 2020. The post Why investors are looking at supply chain technologies in 2020 appeared first on Requis.

The Importance of LTL Freight Management in your Supply Chain

CH Robinson Transportfolio

You need a less than truckload freight management strategy. Why is LTL freight management important to your supply chain? Leveraging a suite of solutions for less than truckload (LTL) freight has become the cornerstone of successful supply chain strategies.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

This compilation is based on the most currently available company revenue data (between 2018 and 2020) without factoring in any other metric. Read on to learn more about the top revenue-earning 3PL warehousing companies in 2020.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. These are the must-haves for any effective freight sourcing team.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

7 Steps to Pick and Implement Freight Analytics During Peak Season

Intelligent Audit

And that’s without considering the unprecedented demand of the 2020 peak season. A well-thought-out freight analytics plan can make all the difference in maximizing profits, reducing costs, and staying ahead of the competition. Business Intelligence Peak Season freight analytics

Improving inventory management

EFT

Factory closures, blank sailings, massive cuts to air freight, reduced warehouse capacity and more have hit business-as-usual and often turned carefully calibrated chains on their head. In his opinion the way you do that is “By putting inventory close to customers.

The World’s Largest Brands Are Using Inventory Accuracy and Yard Automation to Fight COVID-19 Chaos

PINC

In an uncertain world where supply chain disruption is becoming a certainty, here’s how good inventory management enabled by automation can help companies gain the supply chain visibility they need to keep the wheels turning. ” Maintaining the Right Inventory Balance. “But amassing inputs or inventory puts them at risk for markdowns or lost investments if merchandise goes out of style or materials deteriorate before they can be used for production.”

Why Peak Season 2020 Is a Novel Opportunity

Cerasis

Shippers and carriers would rely on freight forecasting capabilities and demand sensing to better manage inventory and increase resource availability. The post Why Peak Season 2020 Is a Novel Opportunity appeared first on Transportation Management Company | Cerasis.

How to Lower Your Ocean Freight Costs!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Ocean freight article and permission to publish here provided by Katherine Barrios at xeneta.com. Freight forwarders and shippers/BCO s are on a constant quest to have a better understanding of their ocean freight costs and ultimately have larger margins. Freight costs are considered by many forwarders and shippers to be a major part of their total shipment cost. Here are 15 tips for lowering ocean freight costs.

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Digitalisation of Supply Chains: Supply Chain Resilience, Responsiveness and Renewal – LogiSYM August 2020

The Logistics & Supply Chain Management Society

However, since the onset of the COVID-19 pandemic, lockdowns and freight restrictions have thrown supply chains worldwide into disarray. Inventory management, order fulfilment, and last mile delivery are time-consuming yet essential processes. Article August 2020

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

Is Freight Broker TMS Accurate? No. It's More a Freight Broker Operating Business Ecosystem

Turvo

Freight brokers face a perilous future of uncertain profitability. According to TruckingInfo , “gross margins and revenues were down for freight brokers in the third quarter of 2019, but cost reductions allowed brokers to stay profitable.” At the height of the 2020 supply chain disruption caused by COVID-19, the outlook remains ambiguous. In response, more companies want a freight broker TMS. Among freight brokers, gross margins fell to 16.1% Freight Broker TM

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

When demand changes faster than a company’s ability to respond, you can end up with the wrong SKU mix and locations, frequent internal inventory transfers and expedites with high freight costs. Excess and obsolete inventory. To profitably balance service and inventory, we replaced our intensive, manual reactive planning process with an automated machine learning-driven process to more accurately forecast demand and optimize inventory levels. .

PINC Acquires RailcarRx

PINC

Union City, CA – October 8, 2020 – PINC® , the leader in digital yard™ solutions, today announced that it has acquired RailcarRx® , a provider of a comprehensive suite of rail industry software solutions and services.

Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

Today, the bellies of the airplanes are full, and the cost of air freight is too high for many manufacturers. During August, I moved and I spent the weekend painting my new shed with gloppy, wet deck paint. As I methodically pivoted the roller to apply the stain, I made quite a mess.

Why the Right Strategy to Managed Inventory Hinges on Clear, Concise Communications

Turvo

A managed inventory depends heavily on teams and leaders that can communicate with each other to avoid operational issues, overstocking, or worse, running out of inventory when the customer is ready to buy. It all makes communication a vital part of maintaining a managed inventory.

Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

Examples of this include expediting with LTL and air freight and costly in-network transfers from warehouse to warehouse–all of which erode profit margins. Usually disruptive events require redefinition and reconfiguring of the supply chain network in order to identify correct allocation of flows and inventory. Blog demand forecasting Featured inventory optimization machine learning supply chain planning

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

When the COVID-19 pandemic began wreaking havoc in global supply chains early in 2020, many companies realised that they didn’t have the resources, personnel, or computing infrastructure to deal with the disruptions. percent between 2020 and 2027. Phoenix Freight: 3PL and 4PL Provider.

Adelante SCM and PINC Launch the First Annual State of Yard Management Report

PINC

Union City, CA – October 7 th , 2020 – Researched and prepared by Adelante SCM’s analyst Adrian Gonzalez and presented by PINC, the publication’s 2020 theme is The Impact Of Digital Yard Management on Enterprise Transportation Costs and Capacity.

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The State of Uncertainty in the Freight Market!

Supply Chain Game Changer

Freight market article and permission to publish here provided by Kevin Jessop at cerasis.com. Meanwhile, the global air cargo volume has dropped significantly, explains Greg Knowler, JOC Senior Editor , “up to 5,000 tons of cargo in air freight from China to the U.S. The impacts are not just limited to air freight market changes. providing “inbound and outbound distribution, reverse logistics management and inventory management” services in the country.

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Importer/Exporters vs Freight Forwarders/3PL – Levelling the Playing Field

3rdwave

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains.

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Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. What is inventory revaluation? Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. Your inventory becomes obsolete.

What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Veridian Solutions

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. However, systems used to manage inventory refer to the combination of technology, including hardware and software, for the following: Product identification Product matching to orders Data analysis Product labeling and management Documentation Reporting . Challenges of Limited Inventory Management Capabilities.