Letter from the CEO: Coronavirus Market Update

Transplace

Cargo flows and ship calls are rebounding in China. The reopening of factories in China would see a gradual return of demand, but Alphaliner noted in a recent newsletter that cargo volume recovery was expected to take a few weeks, and until normal volume is reached, carriers would continue to selectively implement blank sailings, likely until the end of March. Savannah / Brunswick are predicting import cargo decrease by 40% in March and April from 2019 levels.

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. These activities can involve storage and transport of inventory or supplies, monitoring of day-to-day activities, the preparation behind these processes, and blending these different components throughout the supply chain. Inventory Map.

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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.

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. If your freight procurement is based on a tender, effective preparation and implementation of tender management process is critical as this is one area where you can definitely reduce your freight costs not just related to ocean, but also land-side. Subscribe Here!

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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. But for those that have put smart procurement strategies in place, while digitizing supplier relationships, manufacturing and other aspects of business operations, it’s a situation made more manageable.

Top 8 Online Logistics Tools For Logistics Professionals

Cerasis

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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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.

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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.

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. This involved procurement, maintenance, and transportation of military facilities, services, materials, and personnel. Ambiguity in inventory visibility, tracking, and management. Inventory tracking and management. What is Logistics Management Software?

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. This involved procurement, maintenance, and transportation of military facilities, services, materials, and personnel. Ambiguity in inventory visibility, tracking, and management. Inventory tracking and management. What is Logistics Management Software?

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. This involved procurement, maintenance, and transportation of military facilities, services, materials, and personnel. Ambiguity in inventory visibility, tracking, and management. Inventory tracking and management. What is Logistics Management Software?

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 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.

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.

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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. Everything from custom duties to cargo inspections can create bottlenecks within the supply chain. On the contrary, you should be exploring all your procurement options globally, nationally, and locally.

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.”.

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.

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. Therefore, it is important for manufacturers to make the right decisions that can impact transportation costs and factors that influence it like delivery lead time, fuel price fluctuations, fleet, and cargo regulations, etc. Procurement costs. Inventory costs. Reducing inventory costs does not equate to eliminating inventory altogether.

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. Therefore, it is important for manufacturers to make the right decisions that can impact transportation costs and factors that influence it like delivery lead time, fuel price fluctuations, fleet, and cargo regulations, etc. Procurement costs. Inventory costs. Reducing inventory costs does not equate to eliminating inventory altogether.

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. Therefore, it is important for manufacturers to make the right decisions that can impact transportation costs and factors that influence it like delivery lead time, fuel price fluctuations, fleet, and cargo regulations, etc. Procurement costs. Inventory costs. Reducing inventory costs does not equate to eliminating inventory altogether.

Cross Functional Planning as a Way of (Business) Life

Supply Chain Nation

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? Is it possible that your network design, factory planning, inventory optimization and transportation modeling are operating in functional silos? Reduce network inventory by 15%-40%.

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. Everything from custom duties to cargo inspections can create bottlenecks within the supply chain. On the contrary, you should be exploring all your procurement options globally, nationally, and locally.

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.

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. Ports in the United States, The Netherlands, Britain, France, and elsewhere have reported a drop in cargo volumes ranging from around 5 percent in January to an estimated 25 percent in February. COVID-19 Impact on Procurement.

50 expert warehouse optimization tips and techniques

6 River Systems

Click on a link below to browse tips related to a topic of interest: Tips for optimizing your warehouse layout & organization Tips for optimizing your warehouse workflows & processes Warehouse inventory optimization tips Optimizing your warehouse with tools & technology Tips for optimizing your warehouse layout & organization 1. ” – Emma Sturgis, 10 Great Warehouse Optimization Tips for Small Businesses , Fishbowl Inventory 4.

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

The US auto industry is expected to follow suit as stockpiled inventory becomes depleted. European electronic component distributor TTI says it is using air cargo companies UPS, FedEx, and DHL to mitigate the impact of holdups in China. In the future, businesses will diversify their supply chains and source locally so they are not as dependent on one procurement source as they are now.

Cross Functional Planning as a Way of (Business) Life

Supply Chain Nation

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? Is it possible that your network design, factory planning, inventory optimization and transportation modeling are operating in functional silos? Reduce network inventory by 15%-40%.

Cross Functional Planning as a Way of (Business) Life

Supply Chain Nation

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? Is it possible that your network design, factory planning, inventory optimization and transportation modeling are operating in functional silos? Reduce network inventory by 15%-40%.

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.

This Week in Logistics News (September 15-19, 2014)

Talking Logistics

Thirteen Years After 9/11, A New Attempt To Screen 100 Percent of Cargo Containers ( Roll Call ). was among the first retailers to implement RFID on a broad national scale to improve the accuracy of item-level inventory counting…In recent omnichannel pilots in fashion categories…Macy’s documented RFID’s ability to significantly improve sales, gross margins and markdowns by better leveraging inventory counts that are real-time and accurate.

24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” Also, globalization presents another hydra-headed challenge for your procurement network. The best way to address unforeseen delays (such as we have seen with the pandemic) is to ensure that you have buffer inventory.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year. Foot Locker @footlocker Foot Locker makes it easy for customers to shop the way they want to shop by improving inventory visibility.

10 things eft’s been reading this week

EFT

Should procurement break up with Excel? Cost Savings Through Effective Inventory Management. Lufthansa, Etihad leverage digital interface to capture more cargo reservations. To hear from CIOs and software leaders from brands including Maersk, Lufthansa Cargo and DHL, book your ticket to the Logistics CIO: Europe.

Necessary Steps for Smarter Logistics Planning Optimization. Increase Efficiency and Profits

Cerasis

Another point is that in order for the logistics planning optimization, evaluation and control systems to be most useful, they should be combined with the systems for servicing transactions and planning, receiving and processing orders, inventory management and scheduling. Editor's Note: Today's is blog is from Nicole Lewis who shows us the steps for smarter logistics planning optimization.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory. No longer do the large, beneficial cargo owners have an overwhelming advantage in global supply chain operations. It’s a worthy goal to achieve, since the efficiency of procurement and first-mile logistics can have a huge impact, for better or for worse, on the speed at which enterprises can meet end-customer demands.