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Top Supply Chain Articles of 2015

Cerasis

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. Yesterday we published the top 10 most read manufacturing articles of 2015. . The new year will then bring series on trends and on the state of some of the business functions and technology used in proper transportation and logistics management. Top 10 Supply Chain Articles from 2015.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. Visibility is the centrepiece … not only in terms of where my inventory is, in which channel, and where to move it, but also in consumer demand, and how can I be ahead of that game and forecast the demand?”

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Make Freight Sourcing More Efficient!

Supply Chain Game Changer

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. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. These are the must-haves for any effective freight sourcing team. Subscribe Here! Email Address.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

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The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

Editor’s Note: Cerasis is a 3PL focused on transportation management. So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Each blog post written is distributed into groups that reach the supply chain community as well as professionals in manufacturing, transportation, distribution, and more.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. Transport.

Winning the Inventory Battle in the Consumer Products Industry

Logility

Depending on the source, it is widely reported that anywhere from 50 to 85% of new products fail to achieve success. According to an article in the Harvard Business Review, many of those failures are due to initial misreads of market conditions ( Why Most Product Launches Fail ). From a supply chain standpoint the battle for new product profitability relies largely on two key capabilities, developing accurate new product forecasts and optimizing new product inventory.

Pursuing a Career in Logistics and Supply Chain

Logistics Bureau

Because there is such a wide spectrum of logistics and supply chain jobs available, it is best to categorise them in the following way: planning, manufacture, sourcing, and delivery. Sourcing. Strategic Sourcing Manager. Purchasing & Inventory Clerk. Transport Manager.

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

In this article, leading experts from various sectors in transportation industry will discuss transportation trends you should take a closer look. James Winebrake, Dean of College of Liberal Arts, Rochester Institute of Technology There are a number of important trends happening in the freight industry, spanning all modes of transportation: trucking, shipping, rail, pipeline, and air. Are there other transportation trends to watch and why

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How A Brewery Company Manages Contracted Transporters In Real-time

Abivin

As a big manufacturer, they follow a strict logistics process to manage transportation in real-time, which has been proven to improve efficiency and profit. In this article, we will take a deeper insight into how one leading brewery company can effectively manage all contracted transporters in real-time. Image Source 2. How the company manages all contracted transporters in real-time a. Image Source d.

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

The Logistics & Supply Chain Management Society

This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks. A significant paradigm shift in procurement and inventory control is an emerging area of focus.

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

The Logistics & Supply Chain Management Society

Develop methodologies to measure risk for each supply chain node, warehouse, factory, supplier, geography, or transportation node. Diversify supplier base : Supply chain should not be overly dependent on long lead-time or on a small pool of specific suppliers or sourcing regions.

The Future of Supply Chains Post COVID-19 – LogiSYM July 2020

The Logistics & Supply Chain Management Society

But companies will have to go beyond the usual inventory optimisation. . For example tools like self-billing can support to fasten time consuming transport invoices reconciliation etc…), several SC models will co-exist and will be intermediately used depending on the market condition.

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

The Logistics & Supply Chain Management Society

This article explores 10 possible areas in which can help at each stage of the flow in Supply Chain Management. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Inventory Management.

5 Ways to Optimize Your Logistics & Transportation with Lean

Arkieva

Are you using lean in your logistics and transportation management? The transportation company’s culture and behavior should change to apply Lean thinking. Transportation takes time. The need to transport parts also drives inventory up, creates a need for space to store those parts, and uses energy for more forklift time and warehouse heating. The list of additional waste generated by transportation goes on and on. Right Source.

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COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Until the Coronavirus began wreaking its havoc, global companies could run their supply chains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. The pandemic, however, has exposed the risk, like never before, of concentrating sources in one location—especially when it’s far away from a company’s headquarters and markets.

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

The Logistics & Supply Chain Management Society

GCC chemical industry is not immune to global trade fluctuations, transportation constraints and escalating competition, elevating the importance of supply chains to improve the bottom line. Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Supporting localisation – To increase resilience, means to decentralise sourcing. Article September 2020

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Selecting the correct software system for the business helps to attain process efficiency, gain visibility into the supply chain, and decrease general transport costs. One of such software is transportation management system (TMS) which is a subset of supply chain management regarding transportation operations (Mei & Eliot, 2017). TMS has become an indispensable tool in a growingly competitive and complex transportation landscape.

Chain of Custody: The source of control in global supply chains? – IoT Beyond the Buzz

Global Trade Management

The problem is, that most of supply chain and security managers are so busy just keeping dots connected that they tend to forget to consider that every dot and connection represents a source for a new risk itself. Only such a structure will allow to some degree a chain of custody as defined at the beginning of this article. Or, by monitoring shipments while in transit & knowing transportation conditions organizations can better verify the quality of incoming components.

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Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

My client writhed in her seat and hung her head as she asked, “I read your article on control towers, but I am confused. While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. For example, only 29% of manufacturing companies can access total cost data and 31% struggle to see the impact of business decisions on inventory. We finished dinner. I pressed my neatly folded napkin to my lips.

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Improving Your Manufacturing Operations Using Warehouse Automation  

NC State SCRC

With inventories shrunk to a minimum, any hiccup in deliveries from the warehouse can idle machines and even entire production lines. For example, inventory record errors can lead to production of the wrong parts and additional changeovers and setups, again resulting in lower manufacturing efficiency. In the warehouse, this breaks into two areas: automating the physical movement of goods and automating the capture and use of inventory records. Other Sources: [link].

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

But I read an article in this weekend’s Wall Street Journal – The Revolutionary Power of Digital Currency by Michael J. The WSJ article and other sources, such as this Khan Academy video series , explain how bitcoin works, so I won’t go into it here. Until I read the article, I had a very limited perspective and understanding of what bitcoin is, which I believe is also the case for most people. Source: [link].

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Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. New Study Shows a Rise in US Company Inventories. Source: Commerce Dept.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

more near-shoring and larger, less frequent shipments to minimize transportation costs). How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Will interest rates continue to climb in 2016, and if so, what impact will it have on inventory levels?

Supply Chain Disruptions Are New Opportunities – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

It even took authorities some time to recognise the vital importance of warehouse logistics, supply chain continuity, truck drivers and other transport operators. Arising from the pandemic is risk diversification i.e. reducing sourcing risks from China. Article October/November 2020

Supply Chain Manager – A “Green” Superhero

Logility

For example: Optimizing a distribution network not only reduces logistics costs but, in most cases, reduces carbon emissions through fewer transportation miles and/or less inventory holding costs. Source: Nielsen Product Insider, 10/20/2018.

How COVID-19 is Battering Australia’s Imports and Exports

Logistics Bureau

Source Australian Bureau of Statistics. Refined petroleum: Australia sources most of its refined petroleum products from Singapore, which, with 138+ confirmed cases, is also in the COVID-19 firing line. Freight transport services: Shipping and air freight are among the services most badly affected by the Coronavirus epidemic, and Australia will not be able to avoid the knock-on effect. Articles Case Studies Supply Chain COVID-19 Exports Imports

Lessons Learned from the Covid Epidemic Part 2: Stockpiling!

NC State SCRC

The cost of stockpiling is not insignificant, and requires an investment in products that go into inventory that may or may not be utilized in the short term. Typical inventory holding costs are in the range of 18-25% of the value of a good on an annual basis, and includes opportunity costs, storage, interest, insurance, shrinkage, and obsolescence, Questions surrounding supply chain pandemic stockpiling of goods include the following: What types of supplies are required?

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

In our article “ What Exactly is Supply Chain Management? SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. Subscribe Here! Email Address.

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Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

Productivity increases from wearable voice command tools can increase factory warehouse efficiencies up to 30 percent, according to an article in Supply Chain Management Review. . A cross-functional Material Review Board (MRB) will reduce the need for additional space by reviewing obsolete, non-moving and slow moving inventory monthly, and sending disposition recommendations to top management. transportation fuel) at a reduced cost that comes with buying in greater quantities.

Reducing Working Capital in Supply Chains

Logistics Bureau

Current assets include inventory and accounts receivable, i.e. payments you are waiting to receive, notably from your customers. As a result, if you can get paid by your customers before you have to pay your suppliers and reduce inventory to boot , your current assets can be reduced to below your current liabilities. A ratio of more than 2 may be a sign that inventory is increasing too much or that the company is slow in collecting payments.

Cost To Serve – A Smarter Way to Improved Supply Chain Profitability

Logistics Bureau

Outbound transportation. Thus, if you find out that an expensive transport solution (courier for example) is routinely being used to deliver a low margin product to a customer, you’ll understand that much better if the end result for you turns out to be a loss. For example, a CTS analysis may show you that customers ordering directly from you at your factory also generate lower costs in transport and inventory costs. Supply chains are complex entities.

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

Co-location of supply chains will reduce disruptions, complications with transportations, government regulations, etc. When it is not in motion, it is classified as inventory. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory. A simple chart was used to depict inventory, with the size of the indicative of the amount of cash tied up in that inventory.

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. inventory, orders, shipping) and synchronization of activities across multiple trading partners. Source: RevCascade website.

Blockchain in Supply Chain: 2 Ethereum-Based Projects That Demonstrate How Blockchain Can Improve Supply Chains

Cerasis

What makes Ethereum different is that it actively encourages software development teams to use its open-source protocol to design tokens that run on top of the Ethereum blockchain. Provenance ensures transparency in supply chains, with the aim of encouraging brands to source materials and labor in an ethical and fair trade manner. Editor’s Note: This is a guest article from Jake Rheude. Supply chains are messy. Blockchain in Supply Chain Can Help.