If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

Logistics Viewpoints

Because of the pandemic, risk management surrounding sourcing has become top of mind. Companies need to ensure they have alternate sources of supply that can ramp up to the volumes needed. This best practice urges companies to examine not just the cost of the sourced products, but also to understand the risks associated with not multi-sourcing key components. The post If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing? procurement #purchasing #sourcing.

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Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. I asked Kevin O’Meara that question last week on Talking Logistics. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

Make Better Logistics Sourcing Decisions with Data-Driven Optimization

Talking Logistics

Over the past few years, as supply chains have grown in scale and complexity, so has the logistics sourcing process. Mature sourcing organizations, which have been doing traditional sourcing and category management, are starting to plateau in terms of savings and impact to their organizations, yet each year are faced with increasing savings mandates and pressure to improve performance. How are companies achieving better outcomes by using data-driven optimization?

Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Editor’s Note: Our “ Research in Focus ” series highlights research conducted by select partners on timely and important trends impacting supply chain and logistics professionals today. Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing decisions can complicate or simplify this process.

Third Party Logistics Company

LeanCor

When dealing with the inherent complexities of supply chain logistics, many companies come to a point when they may wish to use a third party logistics company to manage their supply chain. Using a third party logistics company to manage the supply chain frees up your company’s resources and allows your business to focus on its own core competencies.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective.

Talking Logistics: PINC and project44 Partnership Commentary

PINC

According to a research study we recently conducted (to be published soon), companies recognize that having digital yard management capabilities provides a range of business benefits beyond the yard. Source: Above the Fold: Supply Chain Logistics News (August 28, 2020).

Strategic Sourcing: The Key to Competitive Advantage

Supply Chain Opz

Strategic Sourcing has been used by companies of all sizes for years. Introduction Long gone are the times when a company could rely on its own strengths and ensure its competitive advantage. In many companies, purchasing thus underwent a significant shift from being rather transactional and tactical, to a more strategic function, able to influence company growth. This commentary highlights some of the key principles to strategic sourcing.

Does Your Company Have A Solid Transportation Procurement Strategy?

Logistics Viewpoints

The logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage. There is a need, a growing need to drive better performance and outcomes from sourcing events. What is preventing your organization from evaluating the current market for logistics services and challenging your existing […]. Procurement/Sourcing Transportation Transportation Management Systems transportation sourcing

Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

Some 48 active pharmaceutical ingredients (APIs) vital to the pharma supply chain are sourced from the central province of Hubei. View our recent webinar and learn how Italian pharmaceutical company Angelini navigated through supply chain disruption.

Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. And the logistics industry has countless IT solutions. BPR has undoubtedly led to many efficiencies and improved effectiveness at numerous companies. Customer Service: The Real Source of SCM Innovation.

Logistics Company

LeanCor

How to Gain More from a Logistics Company Relationship. All companies work with an outsourced logistics company in some way. To meet our logistics challenges, we develop collaborative relationships with a number of suppliers, from trucking companies to freight forwarders to third-party warehouses. Although this third- part logistics company approach can bring significant benefits, it must be implemented methodically and with due diligence.

Is Amazon In-Sourcing or Creating a New Service? You Already Know

Cerasis

The post Is Amazon In-Sourcing or Creating a New Service? You Already Know appeared first on Transportation Management Company | Cerasis. E-Commerce Logistics Freight Logistics amazon in-sourcingAmazon didn’t get to where it is today (hit a market cap of $1 trillion in Sept. 2018) by resting on its laurels. At the time I wrote this, Amazon’s market cap is $777.8 billion. We can all rest assured that Amazon is looking to get back up to $1 trillion and stay there.

Global Chemical Company Uses PINC YMS to Cut $1.5 Million in Detention and Demurrage Fees

PINC

The Chemours Company adopts a yard management system that has helped organize the chaos of managing a high-volume DC. is a global chemical company that makes performance chemicals used by the oil refinery, agricultural, automotive, energy, and consumer electronics industries.

5 Reasons Supply Chain Companies Need to Be Curating Content

Cerasis

Sharing content from third-party sources establishes supply chain companies as a go-to resource for all things related to your industry, sector, products, or services. Using third-party social media posts, blogs, videos, and more, supply chain companies can enhance their content marketing efforts by distributing information that is readily available. Here are five benefits of content curation for your company. 5 benefits of curating content for supply chain companies.

When it Comes to ‘Logistics & Sourcing’ at RILA Supply Chain the World is Your Oyster!

Supply Chain Network

One of the things I most look forward to when attending the RILA Supply Chain conference is all of the great retail global logistics & supply chain professionals and information to be found assembled all in one place. In less than a week in Phoenix, this year’s RILA Supply Chain conference will of course once again be no exception with a strong Logistics & Sourcing track including four sessions.

6 Best Practices for Third-Party Logistics Companies to Differentiate From Competitors

Turvo

Finding a way to make third-party logistics companies stand apart from their competitors is like finding a needle in a haystack. Fortunately, third-party logistics providers (3PLs) can successfully add to their own value proposition by understanding the challenges in building a unique value proposition, how collaboration empowers 3PLs to stay proactive with customers to provide a better experience, and a few best practices to help 3PLs stand apart from competitors.

Using Satellite Imagery as a Data Source to Improve Supply Chain Management

Logistics Viewpoints

Satellite imagery data represents another data set that may have the potential to improve company’s supply chains. The post Using Satellite Imagery as a Data Source to Improve Supply Chain Management appeared first on Logistics Viewpoints. There are potential uses surrounding procurement, sustainability, and strategic planning. Supply Chain Planning Satellite imagery

The Impact of Mobile Commerce on Distribution Companies

Cerasis

Distribution companies are going to have some of the biggest impacts from mobile commerce. These effects will change standard processes, and some companies may not make it through the mobile revolution. Apps are easy to use, quick to load on smartphones and a source of information. Advertisements are the life force of free apps, and you can use this to leverage more visibility and automated marketing for your company. Distribution E-Commerce Logistics

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

EFT

Indeed, even for the biggest companies, there has been adjustment as the margins become finer in the current environment. “We We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. That steering committee leads the company on measures we need to articulate. As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector.

Oil & Gas Companies Focus on Eliminating Supply Chain Waste

Talking Logistics

This rapid growth followed by market decline has led oil and gas companies to finally face reality — i.e., that they need to move up the supply chain maturity curve to enable profitable growth moving forward. Logistics complexities in the conventional sector can quickly drive up costs and eat into profit margins, if not well managed. Energy companies, therefore, are placing growing emphasis on finding and eliminating waste in their supply chains.

Is Logistics Outsourcing Right for Your Company?

Supply Chain Movement

More shippers today appear to be outsourcing some or all of their logistics. How does a company decide that outsourcing logistics is the right choice? Robinson whitepaper can help companies decide, set reasonable expectations for what outsourcing can contribute to their organisation, and how much of a role a company will need to play to achieve the successful business outcome they seek. Robinson help companies simplify their global supply chains.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex. Creating more sustainable logistics is even more important for the trucking industry. Sustainable Logistics | Quantifying Sustainability Measures of Your Logistics. Robinson and the MIT Center for Transportation and Logistics. From shareholders to consumers, sustainable logistics has created broad value. Logistics

International Transportation: Where Many Companies Fall Short

Talking Logistics

But as many companies quickly find out, managing international transportation is very different from managing domestic transportation. I discussed the risks and complexities of international transportation in a recent episode of Talking Logistics with Russ Romine, VP of Global Transportation Services at LEGACY Supply Chain Services (a Talking Logistics sponsor). Here’s what he said: It starts with sourcing.

How Inbound Logistics Networks Can Be a New Source of Savings

Supply Chain @ MIT

In an age where customers are expecting faster deliveries and increased flexibility, consumer packaged goods (CPG) companies are constantly looking to evolve their supply chains. Oftentimes, companies focus on their outbound logistics network to find such opportunities. […].

Local Sourcing, Global Supply Chain

BluJay Solutions

The recent announcement by Google-owned Motorola Mobility that all new Moto X smartphones sold in the US will be manufactured in Texas, highlights the continued importance of the global supply chain and role of freight forwarders and logistics services providers (LSPs) in successful local sourcing strategies. Subscribe to our blog to receive the full blog series via email and stay informed about the latest global logistics news and insight. .

How COVID – 19 Might Shape the Future of China Sourcing and Manufacture

Logistics Bureau

COVID-19 and the Future of China Sourcing and Manufacture. The disruption to global supply chains caused by Beijing’s decision to close factories and lock down cities to contain COVID-19 has jolted Western companies into rejigging their supply chains, with economists predicting that globalisation as we know it will never be the same again. Many Japanese companies are already manufacturing in Vietnam. The Pros: Strong supply chain and logistics culture.

Adapting Pharmaceutical Companies’ Distribution and Supply Networks

Jaggaer

Pharmaceutical companies have complex supply chains that are often not optimized to their full potential. From source materials to distribution, the supply network must be carefully streamlined to produce the best results possible. Furthermore, analyses of the industry, like IMS Health reports, show a change in companies’ portfolio distribution. Drug Discovery Today also emphasizes the changing markets these companies are distributing to.

The Logistics & Supply Chain of Thanksgiving

Cerasis

Now, multiply that by 250 million Americans celebrating the holiday, reports Bob Trebilcock of Logistics Management. Frozen turkeys make up 90 percent of Thanksgiving sales, explains Chris Cunnane of Logistics Viewpoints. Meanwhile, logistics operations must transport them from the farm to the production facility and beyond. Fresh turkey spoils faster and requires fast-paced logistics. Could Thanksgiving Be Possible Without Logistics? Logistics Supply Chain

Turkey 252

Unlocking the Value in Blockchain for Logistics

Cerasis

The value in blockchain for logistics is about more than just retaining information. Blockchain technology builds value in the supply chain through better transparency and process standardization, but it holds additional value through new logistics services and business models.

5 Skills Necessary For Maximizing Logistics Effectiveness

Cerasis

. Editor's Note: Today's blog is from our friend Robert Everett who gives us some fantastic tips for managing logistics effectiveness. In this article, I propose to have a look at several logistic skills that, besides the specific knowledge in this area, will help to maximize the logistics effectiveness. It is when an employee can honestly share his real views and thoughts regarding the problem or operational issue with all the performers involved in the logistics process.

Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

Cerasis

Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. According to DHL , procurement logistics includes obtaining the following necessities: Raw materials. Where Do Logistics Providers Come Into Play With Procurement Logistics?