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How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots. But can technology do more?
I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. So, here is my invented future for 2015, starting with my most audacious prediction: Google will acquire a logistics service provider (3PL) and/or a logistics software vendor.
I recently read a thought-provoking report with several predictions about the future of supplychaintechnology. How can it be that so many companies will continue to invest so much in state-of-the art technologies, and yet fewer than one in 20 control tower deployments are expected to deliver on their potential?
I love that question, which is from a blog posting by supplychain executive and consultant Tony Martins, who was my guest on Talking Logistics earlier this year; Tony was also a panelist in the Mega Trends Impacting SupplyChains session I moderated at last week’s CSCMP conference.
Between economic fluctuations, rising fuel costs, technological advancements, and regulatory changes, the supplychain grows more complex from year to year. Businesses that adapt with better processes and well-implemented technology can thrive, enabling greater preparedness to handle the changes of an evolving market.
The supplychain is evolving, and the standards used for managed logistics transportation services today are more data- and technology-driven than those of the past. Inventory tracking and visibility must be present from the first mile through the final mile, reflecting the entire shipment lifecycle through white glove services.
Last week I had the opportunity to speak with Ken Fleming , President at Logistyx Technologies. First and foremost, why have supplychaintechnologies weathered the Covid storm better than other industries, and what has it meant for parcel shipping? One option is to use a cross-border delivery 3PL provider.
Digital Opportunity for 3PL Logistics Operations! Supplychainsoftware is a game-changing tool that offers immense opportunities for growth and success in the transportation services market. Failed customer expectations Logistics management software often has difficulties in fulfilling client expectations.
Editor’s Note: This is one of the most popular posts we publish every year: our list of supplychain and logistics events to attend in the coming year. Many of the leading ERP and supplychainsoftware vendors have customer events in various countries around the world.;
In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the SupplyChain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations.
Körber SupplyChainSoftware (Körber SCS) hosted its 2023 Elevate User Conference in Orlando this week. The conference theme was finding your rhythm – a fitting metaphor for supplychains across the globe as they return to more predictable patterns after experiencing disruptive fits and starts over the last couple years.
No matter what opinions you may have, one thing is for sure – The way things have changed regarding the aspect of supplychains has been nothing short of staggering. Not to mention that the sheer technological benefits that these new inventions have to offer end up making the whole process a lot easier to handle on the whole.
Nathan is the EVP of Strategy and Transformation at STACI-US , a leading provider of supplychain end-to-end solutions. About Nathan Lugo-Montanez Nathan Lugo-Montanez is a turnaround executive with over 15 years of experience in supplychain and business operations. the empty container marketplace.
More transportation providers means more points of contact and potential failure, parties to interface with your supplychain, and a generally more complex operation that requires more resources in every job function involved in the delivery process — from transportation and logistics to customer service to finance.
This post is from a press release sent to us regarding the recent survey of the 3PL industry. This survey continues to point towards the success 3PLs are having for their clients. As you know, the word 3PL conjures up over 50 shades of grey in the types of answers you will receive.
As with the logistics category where we featured 15 most popular blog posts vs. the 10 we covered in the top manufacturing blog posts and supplychain blog posts , we write so many transportation blog posts in that category, we are going to feature the 16 most viewed transportation blog posts. Read the Full Blog Post.
As the logistics market continues to create supplychain disruption, shippers are looking for consultative support and solutions to help maintain a competitive advantage. Creating trucking efficiency through transportation management optimization is an essential part of supplychain management and network navigation.
BOSTON, May 12, 2021 – A new study by ToolsGroup, a global leader in supplychain planning software , and the Council of SupplyChain Management Professionals ( CSCMP ) has found that only 3% of companies experienced no COVID-related business impact, and 42% of organizations say the pandemic has accelerated their digitization plans.
Think content marketing isn’t for supplychain and logistics businesses? 5 Reasons to use SupplyChain and Logistics Content Marketing. Present yourself as a solution. Companies in the supplychain and logistics space have a lot to gain by modernizing their marketing tactics. Guess again.
On top of that, my colleague, Clint Reiser, and I are wrapping up our omni-channel fulfillment survey, with an upcoming presentation at the annual CSCMP show in September. The post This Week in Logistics News (July 19 – 25) appeared first on Logistics Viewpoints: A Blog for Logistics, SupplyChain, and 3PL Executives.
What is the #1 technology topic Descartes CEO Ed Ryan gets asked about? Drones and its future in supplychain and logistics processes. Over the past decade, Descartes has acquired 35 companies and has evolved into a technology platform company, with its Global Logistics Network as the foundation.
Seasonal demand surges can be challenging for any business, but they also present a unique opportunity to increase revenue and build customer loyalty. By proactively managing your supplychain, you can ensure smooth operations, meet customer expectations, and even gain a competitive edge.
Supplychain managers need real-time data to effectively manage operations. While supplychainsoftware companies offer solutions that come with analytic solutions, the data used for the analytics is usually archived data. There is a new technology that can provide real-time visibility.
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. This post was written in collaboration with , OpenEnvoy , a leading automated invoice reconciliation tool. For freight brokers and third-party logistics providers, efficiency is king.
In the past, supplychain professionals are trained to handle the service issues through a planning of inventory , service level and after-sales operations. From the information technology perspective, Customer Relationship Management (CRM) get the highest attention. They have a warehouse very close to 3PL''s hub.
Subscribe to SupplyChain Game Changer. What is the Digital SupplyChain? Third-party logistics (or 3PL) providers, are standing on the brink of breakout growth. The global 3PL market, valued at $728.6B 3PLs and Logistics Operations – What’s Changed? What exactly does digital logistics mean for 3PLs?
If you are a logistics manager seeking options for a partnership with a 3PL services provider or looking to optimize the 3PL solution, then understanding the expansion of the holistic approach that some 3PLs offer will help you select an option that best suits your company. A 3PL Services Partnership Drives Value.
Editor’s Note: This is one of the most popular posts we publish every year: our list of supplychain and logistics events to attend in the coming year. Many of the leading ERP and supplychainsoftware vendors have customer events in various countries around the world.;
Although 3PL Logistics Companies or 3PLs were around before the recession, companies realized the short-term savings of outsourcing logistics, transportation, and freight management to 3PLs quickly, and the age of the rise of the logistics provider was born. Client Needs of 3PL Logistics Companies.
Consumer actions are shaping how shippers and carriers interact, ranging from contract negotiation to exploring new technologies. In response, more shippers have ditched their practices of working with carriers directly for third-party logistics provider (3PL) partnerships. What Can Shippers Do to Improve Customer Experience?
In early April I attended the LogiPharma Europe 2018 conference in Montreux, Switzerland, an event that attracted more than 800 attendees, including practitioners and executives from pharma and medical device industries, along with software vendors and many service providers. Patient-centric networks are reshaping pharma supplychains.
For third-party logistics (3PL) providers, this shift presents a valuable opportunity to help clients turn returns into revenue through smarter operations, better data, and strategic partnerships. Let’s explore how 3PLs can help to better make returns a more affordable and profitable opportunity through reverse logistics.
Oil prices tanked, cancellations increased and Maersk drilling and supplychain services would run up nearly $2 billion dollars in annual losses. In the weeks following the Damco brand subsumption, DB Schenker released a press release that referenced the Damco changes: “The last thing shippers need at present is further uncertainty”.
Managing logistics as a mid-sized shipper presents many unique challenges. Yet, your leverage when it comes to negotiating freight rates or having a budget for tools like logistics technology is often limited. Here are 3 ways a 3PL can help. And, when it comes to freight, more volume translates to lower rates.
One of the business models in the 3PL industry that continues to gain traction and evolve is the agency/franchise model, and the panelists will share their perspective on this model — Why adopt it? What benefits and challenges does it present? 3PL convergence MercuryGate third party logistics'
I have long argued that third party logistics providers (3PLs) should set themselves apart from the competition by fully harnessing the power and value of their customer and employee communities. Walmart SupplyChain and Transportation Trends for 2015. Talent Management as the Core of a SupplyChain Strategy.
The new JDA is also taking a more focused approach to the third-party logistics (3PL) market, which is one of the three core vertical industries the company is organized around (Manufacturing & Distribution and Retail & Services are the other two). I led one of the panel discussions — 3PLs, What Business Are You In?
For 3PL providers, this change presents some serious opportunities. The logistics and warehousing markets are growing and changing fast. With the right business strategy, third-party logistics providers can likely secure…
Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. And more companies are treating SupplyChain Design as a continuous business process instead of a standalone project or a once-a-year exercise (see SupplyChain Design: Growing Scope, Community, and Collaboration ).
A look at the supplychain trends and technology that will come into play in 2018. Here is a look at how some companies in the supplychain sector are preparing themselves for the months to come. making human intervention necessary. Turney Thompson, vice president, Kenco Transportation Management.
Today we are releasing the results from the 2021 State of SupplyChain Execution Report , which provides the latest market insights around: Will e-commerce growth brought on by the COVID-19 pandemic continue? What are the biggest supplychain execution/logistics challenges facing shippers and LSPs? E-Commerce.
Montgomery also shared what she considers to be the biggest mistake companies can make going into an IoT initiative: “I’ve seen a lot of colleagues take a look at new technology like this and see the flashy, the ‘Wow!’ factor and never getting to what is this [technology] going to deliver to the bottom line at the end of the day.”.
Companies are almost forced to use supplychain as a competitive advantage, and that puts pressure on us to understand their business strategy.”. We have a shipping community that is dialed into using technology and trying to make sure that they bid everything electronically.” Big Data’s big impact.
Last January, I shared 5 New Year’s Resolutions for supplychain and logistics executives to improve as leaders. As I wrote last year: According to leadership expert Ken Blanchard, “when you stop learning, you stop leading,” and this is especially true in supplychain management.
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