Fed up with cargo congestion, freight forwarders flee O’Hare airport

The Supply Chain Journal

Cargo congestion has gone from bad to worse at Chicago O’Hare International Airport, forcing importers to wait several days to retrieve shipments and prompting two large logistics companies to migrate airfreight operations an hour west to an uncrowded facility in Rockford, Illinois.

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What Is Procurement in Freight

The Supply Chain Journal

For management, one of the most critical aspects of shipping and inventory management is the concept of procurement in freight. Freight capacity procurement, therefore, focuses on how much load space or capacity is available on a railroad car, truck or van, vessel, or aircraft.

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Letter from the CEO: Coronavirus Market Update

Transplace

Cargo flows and ship calls are rebounding in China. Savannah / Brunswick are predicting import cargo decrease by 40% in March and April from 2019 levels. Port of Virginia estimates cargo lost in February thru April at 44,000 ctrs ~11% decline.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

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. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. The team also needs to understand the characteristics and nature of the cargo.

Understanding Supply Chain Management

SupplyPike

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. Inventory Map. Learn about.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock. Procurement departments must take the full burden of ensuring supplier consistency. Furthermore, shippers should purchase cargo or freight insurance where possible to create a safety net. riskmanagement #supplychainmanagement #procurement #distributionlogistics. Subscribe Here! Email Address.

The Vaccine Distribution Supply Chain!

Supply Chain Game Changer

Procurement of Vaccines. That means airlifting double-dose regimens to protect half the world’s population would require the space in about 8,000 cargo planes. Freight and Logistics Inventory Management Supply Chain Management Warehouse Management Freight Management

Finding Trucking Capacity by Rapidly Onboarding New Carriers

Turvo

Managers have to ensure enough containers exist at any moment to hold cargo and enough trucks become available to transport them. Outdated Systems and Platforms Can Affect Trucking Capacity Procurement.

A ‘Beached Whale’ in the Suez Canal: Stuck Working Capital

NC State SCRC

By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. That’s what its costing companies to have their cargo sit there.

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Managing transportation in times of tight capacity and high rates

Cathy Roberson

As shippers move past COVID-19 related closures, inventory replenishment has become a focus. To satisfy inventory needs, demand for imports has been on the rise since June of last year.

How to Lower Your Ocean Freight Costs!

Supply Chain Game Changer

Even within the FCL option, optimization maybe achieved using the right type of container for the right type of cargo – like 20’ container for weight based cargo and 40’container for volume based cargo. Optimize your cargo packing. Subscribe Here! Email Address.

Small and midsize businesses recovering from pandemic, but supply chain disruptions continue

The Supply Chain Journal

It’s definitely been a fun time to be running procurement and supply chain at Zoomo right now.”. Norfolk, Virginia-based xTuple provides enterprise resource planning software called xTuple ERP, which includes accounting and inventory management, as well as supply chain and sales systems.

Top 8 Online Logistics Tools For Logistics Professionals

GlobalTranz

Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions. It is an advanced barcode scanner that is capable of extending bar code scanning to technology savvy inventory manager. This optimization tool for inventories is cloud based. It is one of the essential online logistics tools that can help the managers forecast, plan the inventories, and a budget for the available resources.

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Cloud Computing: Aspirin for Supply Chain Headaches

Murano Corporation

Improved supply chain visibility and inventory turns means better operational efficiency. Common supply chain challenges faced by business today include order processing, fulfilment, and invoicing errors when dealing with customers and suppliers. This leads to unhappy customers and lost sales, manual and duplicate processes, and poor employee morale eventually resulting in high turnover. Cloud computing is the perfect medicine to get rid of these supply chain headaches.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. Ambiguity in inventory visibility, tracking, and management.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. Ambiguity in inventory visibility, tracking, and management.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. Ambiguity in inventory visibility, tracking, and management.

El Niño May Have Your Supply Chain Partying Like It’s 1997

Kinaxis

As a result, some shipments moving from Asia to the Gulf Coast and eastern ports of the United States will be forced to reduce cargo loads to meet the new requirements. Assess Inventory Positions. While “lean” has been the mantra of supply chain management for decades, having the foresight into extraordinary events like El Niño may necessitate deviating from standard inventory positions.

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

Fall in demand; cashflow shortfalls due to collection challenges; port congestion; and disruptions to air cargo, trucking and rail services, affect companies globally.

Experts Choice Of Top Online Logistics Resources

Freightos

Air Cargo World. This American based niche news site specialises in air cargo. Cargo Business News.com. based niche site, covering air, sea, rail and road cargo news. But within that, it has a very broad scope covering, not just air cargo, but all aviation, aerospace and space news. This niche site focusses on all things Aviation, with plenty of air cargo news. Educational research into cargo and freight.

Data Driven Logistics: Using Visibility for Better Customer Experience

20Cube Logistics

This helps organisations achieve efficiency and cost-effectiveness, helping them transform their supply chain processes by better forecasting and procurement planning. . Thus, enabling the supply chain not only in achieving Just In Time inventory models but also managing their sales predictions. . and achieve just in time inventory. . Data is the talk of the town. Data is not only required for smooth functioning but also for better control on the process.

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Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

You can’t just turn around a giant cargo ship. Once cargo has shipped, there are no “backsies.” This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory management practices.

The Digital Transformation Journey: The Alignment of Industry, Company, and Technology

Talking Logistics

Inventory stockpiling is starting to occur based on prices and supply/demand curves. Ports are having to off-load cargo onto the new mega-ships offshore from multiple smaller ships because they don’t have the capacity to handle the bigger vessels. Businesses can track forecasts, orders, shipments and inventory levels to acquire actionable information that can improve efficiencies and create value.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

” Hard costs involve an invoice or a direct cash outlay, which could include freight payments or inventory. Procurement costs. Inventory costs. Reducing inventory costs does not equate to eliminating inventory altogether. Inventory management-.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. Risk pooling is considered the most important concept in supply chain management as it governs the tradeoffs in inventory management and leads to effective strategies such as push/pull and postponement.

Supply Chain Risks Come from All Sides

Material Handling and Logistics

cargo ship Peak Pegasus made its way toward the port of Dalian with a load of soybeans. The Peak Pegasus and its $20 million cargo of soybeans continued to drift off the Chinese coast until mid-August , at a cost of about $12,500 each day it sat idle. And then if a factory runs out of materials or a ship cannot make it to a port, companies can dynamically shift inventory or production somewhere else, or find an alternate berth for that ship stuck out at sea.

Cross Functional Planning as a Way of (Business) Life

BlueYonder

Are those responsible for deciding how much cargo to carry next week, next month, next year (inventory planning, distribution planning) communicating directly with network designers and factory planners to understand where the inventory is coming from and what the constraints will be?

This Week in Logistics News (August 1-5, 2016)

Talking Logistics

As reported by The Seattle Times , “Amazon will fly its latest Boeing 767 widebody jet freighter, publicly revealing the new ‘Prime Air’ branded livery of its fast-growing fleet of used cargo planes” at today’s Seafair aerial display over Lake Washington near Seattle. Within two years, it expects to have 40 similar used cargo jets connecting its package fulfillment centers across the U.S. And we have more than enough package supply to utilize the 40 planes we’ve procured.”.

Profitable Agility: Part 2 of Agility and Resilience in Supply Chain Execution

BlueYonder

This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

” Hard costs involve an invoice or a direct cash outlay, which could include freight payments or inventory. Procurement costs. Inventory costs. Reducing inventory costs does not equate to eliminating inventory altogether. Inventory management-.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

” Hard costs involve an invoice or a direct cash outlay, which could include freight payments or inventory. Procurement costs. Inventory costs. Reducing inventory costs does not equate to eliminating inventory altogether. Inventory management-.

50 expert warehouse optimization tips and techniques

6 River Systems

” – Emma Sturgis, 10 Great Warehouse Optimization Tips for Small Businesses , Fishbowl Inventory 4. If it’s jam-packed full, you’re typically moving inventory in and out, and you’re taking up valuable time and additional labor.” Use slotting to minimize inventory loss.

How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. COVID-19 Impact on Procurement.

Omnichannel is another Word for Complexity

Enterra Insights

” Burnson goes to note that e-commerce is having an impact on air freight hubs, maritime cargo, middlemen, and intermodal operations. And also, how much and where the optimal inventory should go so we can satisfy that customer’s needs wherever she wants to shop.”[5] There’s also the added labor, time-consuming worker training, the need to discount inventory, and additional handling and shipping fees.

A convincing industry approach: SupplyOn’s Rail Community boosts the efficiency of the railway industry

SupplyOn

SBB relies on RailSupply to significantly improve efficiency in purchasing and procurement logistics. The Swiss Federal Railways (SBB), with around 34,000 employees, a transport network of over 3,000 kilometers and almost a half billion passengers per year, is the national railway company of Switzerland, consisting of the four divisions Passenger Transportation, Cargo, Infrastructure and Real Estate.