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Do Set Clear KPIs and Governance Structures : Establish transparent metrics for sales, coverage, and service levels. Do Invest in Distributor Capability Building : Provide training, digital tools, and performance incentives. A well-equipped distributor is an extension of your brand and a key to market penetration.
by Matt Benson If your 3PLsupplychain problem was to deliver 400,000 items daily from supplier to customer and your on-time in full metric was a six-sigma target standard of 1 failure per million, how would you do it? Do you have a Dabawalla process and a simple supplychain? Sales and Operations Planning.
Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean SupplyChain. Therefore, it is paramount for you as a logistics and supplychain professional to have a keen sense of how to properly evaluate a supplier.
Drones and its future in supplychain and logistics processes. As I wrote last June, investments are rising in SupplyChain Operating Networks and Descartes is a prime example of this trend in action — a trend that I predict will continue to gain momentum in the months and years ahead. pic.twitter.com/rDXqt2Q7rV.
Learn how to organize your data operations in alignment with supplychain strategy. Forward-thinking supplychain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. Finding Transformative Opportunities in the SupplyChain.
The warehouse, meanwhile, has been elevated from afterthought to a central player, as new demands and responsibilities are placed on supplychains — from small-batch wave picking and reverse logistics to deeper supplier collaboration, and tariff and sustainability compliance. Just be prepared for anything and keep going.
Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supplychain. However, remember that products or subassemblies that never made it out of the factory may need to travel backwards one or more stages along the supplychain.
SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supplychains. The Differences between 4PL and 3PL.
As technology advances and even more customers’ preferences shift in this direction, the last leg of delivery is one of the most challenging and important parts of supplychain management. For growing brands like Ample Foods, partnering with a 3PL can alleviate the pressures of working directly with carriers.
While you can build and staff your own warehouse and perform these services yourself, more and more companies see the value in handing warehousing operations off to a third-party logistics (3PL) provider. In this article, we’ll examine all that 3PL warehousing entails, while helping you find a 3PL partner that’s right for your business.
Like any industry, in SupplyChain and Logistics we have a lot of Acronyms and Abbreviations. 3PL 3rd Party Logistics – A company that provides outsourced logistics services. 4PL 4th Party Logistics – A step beyond 3PL, 4PL providers manage the entire supplychain for a client.
Also, this is the most preferred delivery method for selling time-sensitive products in the pharmaceutical industry. It has become a priority for the pharmaceutical industry as it meets the customers’ need for convenience and safety. Why has it become essential to deliver medicines on the same day or on-demand? Saves time and money.
The comment caught my attention because later that morning I was going to moderate a discussion with Dan Dershem , General Partner at SupplyChain Ventures, about emerging technologies such as blockchain, artificial intelligence and machine learning, autonomous trucks, and digital freight. The supplychain is a marathon, not a sprint.
How do we streamline our supply operation?”. The answer almost always requires close scrutiny of a companies supplychain infrastructure and the status of its Transportation Management System (TMS). The TMS Investment. GT Nexus Transportation Management System.
To achieve this the customer shares information on sales and product needs with the supplier, who is then able to ensure the correct amount of inventory is supplied. VMI creates efficiencies in the supplychain as it ensures data from sales is a key part of the inventory management system.
WMS systems are quite expensive on their own (sometimes reaching into the six figures), so utilizing the WMS of a 3PL is a great way to enjoy modern warehouse functionality without an immense price tag. Custom reporting of the metrics important to your business. 3PL acts as instructed by customer. Shopify, Magento and Amazon).
From receiving and storing inventory to picking, packing, and shipping orders, there are critical functions that occur within the warehouse that keep your supplychain running smoothly. Warehouse functions are the essential activities performed within a warehouse that ensure products move efficiently through the supplychain.
Makers of all types of products turn to third-party logistics (3PL) providers to optimize warehousing and distribution operations in order to meet modern supplychain demands. Makers of food products, however, have a host of safety and regulatory requirements to contend with that make selecting the right 3PL even more crucial.
Food products require special care and handling across the entire supplychain. The following are key factors to consider when choosing a third-party logistics (3PL) partner for food products. Can your 3PL handle ambient, temperature-controlled, or climate-controlled? Can the 3PL handle ‘lot control’?
What is also real is the impact it has on supplychains. In fact, it will not be a stretch to say that climate change is currently the biggest threat that global supplychains are facing today and is responsible for shortages and disruptions in several industries. Three stages of building a sustainable supplychain.
Pharmaceutical and Biotech. SupplyChain Management. The Infosys global supplychain management blog enables leaner supplychains through process and IT related interventions. Discuss the latest trends and solutions across the supplychain management landscape. Financial Services.
This article was first published in the July / August 2018 issue of MHD SupplyChain Solutions. Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supplychain. It makes sense to run reverse logistics as a profit centre with corresponding KPI and metrics.
In addition to the maturation of cutting-edge technologies, major shifts in supplychain verticals create significant opportunity for innovative logistics providers. of respondents say e-commerce is the vertical in which they see the most growth potential.
For example, one 3PL doubled its pick rates and improved picking accuracy to 99.9% Picking also directly impacts the throughput metric, hence improving the productivity and speed of the picking process, which directly improves the throughput of the distribution center. Diversify your strategies as your business grows.
In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: 1: Pharmaceuticals. 1: Pharmaceuticals.
To provide insights into the COVID-19 coronavirus pandemic and its impact on supplychains around the world, we are delivering a blog series to help anyone looking for support and advice. Our experts, who have spent years in the supplychain industry, share their insights. . Future supplychain disruptions are inevitable.
Egypt's Suez Canal offers 15% discount for big container ships to win back trade Egypt's Suez Canal will offer a 15% discount on transit fees for container ships with net tonnage of at least 130,000 metric tons, to encourage trade back now the security situation has eased and help ships offset rising insurance costs, its authorities said on Tuesday.
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