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Five years ago, we all thought the COVID-19 pandemic resulted in the most disrupted supplychain landscape we would ever see. Since then, supplychain disruptions and volatility have only increased. With the global e-commerce market predicted to reach $8.1 We were wrong. billion to $23.07
The formula for OTIF is: Measuring a supplychain against OTIF metrics is a key strategy that helps decision makers attach a tangible value to the success of their fulfillment and allows them to determine key strategies. Timely information is critical, as data older than a few days can lead to costly supplychain disruptions.
Labor Challenges and the Push for Automation Labor constraints- exacerbated and revealed by the pandemic- have made automation a necessity. A majority of warehouses report labor shortages, and more than 50% cite this as a significant business challenge that is only worsening.
Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The dramatic increase in cost is a major factor in inflation: driving the 11.5% I am worried.
With the advent of the digital era, supplychain has transformed dramatically. To increase flexibility, responsiveness, and competitiveness in the long run, the investment in supplychain digitalization will increase by 10%-15% over the next few years. If trends hold, we will achieve touchless supplychains very soon.
I work in supplychain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supplychain failed them, creating an eleven-month saga and unhappy customer. The failure was in supplychain orchestration – connecting planning to execution.
Supplychaintechnology is a difficult, exhilarating topic to cover in detail. Supplychain managers will focus on several key supplychaintechnology implementations or considerations which will impact consumer spending habits, consumer-business interactions and performance measurement.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the resiliency test. Let’s start here: what is supplychain resilience? What is SupplyChain Resilience? Embracing technology is part of that solution.
It’s a holistic approach that blends strategic planning, streamlined processes, and the right technology to transform your warehouse into a well-oiled, profit-generating machine. An in-depth look at the tangible benefits, from cost reduction to increased customer satisfaction. Choose the Right Tech (WMS vs.
Today, nine out of ten supplychains are stuck. Despite two decades of advancement in supplychaintechnologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. Like an artifact, I have kicked around in the supplychain space since the 1980s.
At that time, manufacturers talked about customer-centric supplychains, but were afraid to aggressively adopt ecommerce strategies. Aggressively design and test products online and then bring the data into your forecasting tools to predict sales of new products by channel. They were afraid of retail retaliation.
Unfortunately, the use of full truckload shipments and expenditures have hit an all-time high, reports Kate Patrick of SupplyChain Dive. Decreasing capacity and increasing full truckload rates are expected to increase throughout 2018, reports Freight Waves. Conducting annual procurement exercises. Download eBook.
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.
The average SupplyChain management professional measures their SupplyChain by reviewing cost reduction. Is cost reduction all that there is in measuring SupplyChain performance? 3 Key Metrics for Measuring SupplyChain Performance Beyond Cost Reduction.
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.
Among millennials, consumers are willing to pay a premium up to 30-percent more for same-day delivery, reports McKinsey & Company , with an overwhelming majority willing to pay extra for guaranteed delivery, as shown below: Paired with the sudden spike in parcel delivery, last mile delivery will continue to grow 10-percent annually.
Automating transactions that were done manually provides a significant savings on each transaction. For example, on average the cost savings from automating a manually processes purchase order is $9.89, for an invoice is $11.58 The moment you start shipping with a 3PL as your partner, you already have EDI built in!
I interviewed John Sobeck, Vice President Material Management Services and SupplyChain 4.0 at the ZF Group, about their digital supplychain transformation journey. This technology company is headquartered in Friedrichshafen, Germany. The ZF supplychain is complex. ZF’s Digital SupplyChain.
Blockchain offers an opportunity for shippers to redefine standard procedures, leverage new technologies, including cloud-based platforms, and enhance cybersecurity. In turn, demand for 3PL services may increase, and even 3PL-based platforms, such as the Cerasis Rater, will grow in usefulness. GET YOUR FREE WHITE PAPER.
Streamline Your Route Planning Process Daily route planning can quickly become overwhelming, especially if you’re managing delivery routes using spreadsheets, manual methods, or basic mapping tools. Top 10 Route Planning Software Solutions: Overview Here’s a quick comparison of the top route planning software solutions in 2025.
2019 is shaping up to be a year in which warehouses and distribution centers continue the development and implementation of technology-based processes. Dropshipping refers to manufacturers sending products directly, but products are purchased through a third-party. The state of the logistics industry is evolving.
I went to Home Depot earlier this week to return a purchase, and the customer in front of me wanted to exchange a defective power tool with the same model, but he couldn’t find any on the shelf even though the store’s inventory system said 5 units were in stock. HighJump Software Announces New Latin American Partnership.
Supplychains for small and medium-sized businesses (SMBs or SMEs) have followed a similar trajectory over the years. Consumers or business owners create a purchase order. With the global supplychain management market expected to reach $37.4 With the global supplychain management market expected to reach $37.4
Global Trade Authority Rob Garrison, CEO and Co-Founder of Mercado Labs, shares insights from over 30 years of supplychain experience working with a variety of Fortune 500 companies. Here, he explains what caused current global supplychain disruptions, and shares the five steps needed to overcome today’s supplychain issues.
As a participant in managing all or part of your company’s supplychain, you may know the pain of answering sometimes difficult questions. What is this going to cost? You could answer them with a purchase order (P.O.) Are we a good supplychain partner or customer? Where is my order? Why is it late?
Like any outsourced partnership to a service and technology provider, such as in a 3PL relationship, it is vital that all sides are on the same page and speaking the same language in the way of goals, desired outcomes, strategy, and execution for whatever the customer and the outsourced provider are trying to achieve.
Furthermore, more carrier options is essential to landing better contracts with existing carriers when it comes time to renew or renegotiate your contracts, reports Averitt Express. Since optimizing requires a detailed analysis of the factors impacting a given lane or route, it may be necessary to use a route-optimization software.
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The free report is available in PDF with supporting spreadsheets and high-resolution infographics here. Oil prices tanked, cancellations increased and Maersk drilling and supplychain services would run up nearly $2 billion dollars in annual losses. Digital transformation is not always about new technology.
Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supplychain management processes. In some cases, these conditions may be applied to all supplychain processes. However, each term covers a different portion of the supply. Replacement parts.
As online sales become increasingly popular, the growth of e-commerce has impacted every part of the supplychain, and material handling equipment (MHE) and fleet services are no different. As direct-to-consumer orders continue to increase, this trend in purchasing behavior is also driving the push for agility in MHE.
Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supplychain implementation. The Lean SupplyChain is a system of interconnected and interdependent partners that operate in unison to accomplish supplychain objectives.
When your business is receiving more orders than it’s possible to fulfil in-house, third-party logistics (3PL) can mean the difference between disappointing customers and capitalising on that success. In this guide to third-party logistics: What is 3PL? 3PL providers are experts when it comes to shipping and logistics.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The dramatic increase in cost is a major factor in inflation: driving the 11.5% I am worried.
When it comes to efficient and cost-effective over the road transportation management , it is absolutely crucial that you be working with a trustworthy 3PL. Understanding the potential value of a 3PL early in the process is crucial to saving money and providing great service. What Is A 3PL?
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. With the rise of Amazon, consumers have also been able to access an endless product array at historic, record-low shipping costs. Every interaction should be positive and encourage future purchases.
Logistics technologies are changing how modern retailers operate. However, the rise of e-commerce will naturally lead to greater focus on logistics technologies, and you need to understand how this increase the role of logistics technology in e-commerce in the global economy. Benefits of Logistics Technology in E-Commerce.
Suppliers of steel fabrication and metal working equipment and technology are looking forward to a significant rise in demand from the region’s resurgent construction sector, one of the key demand drivers for the fabrication industry.
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.
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? Subscribe Here! Email Address. BILLION by 2025.
With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. Fortunately, selecting a 3PL for 2015 and beyond can be broken down into six specific questions.
Modern distribution technology has significantly changed how suppliers get their products to end-users, and consumers are driving changes in how Distributors use technology to better their business processes. New Connected Technologies Are the Focus of Shippers and Carriers. Hours of Service Guidelines Are Evolving.
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