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Implementing AI in Supply Chain Logistics

20Cube Logistics

Supply chain logistics is going through a paradigm shift wherein leading e-commerce and logistics have raised customer expectations with timely delivery and status updates of the consignment. Chatbot in operational procurement. Document invoices and payment requests.

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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Top 8 Online Logistics Tools For Logistics Professionals

Cerasis

Logistics professionals require exemplary international online logistics tools to help them carry out their daily businesses with ease and deliver the best for their customers. Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions. Top 8 Online Logistics Tools For Logistics Professionals. This optimization tool for inventories is cloud based. Logistics

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5 Ways to Put AI to Work in Your Supply Chain

Bristlecone

Step 1: Digitize your documents. A leading logistics provider – which works with a large global network of carriers through air, ocean and land – is leveraging AI to increase economic efficiency, enabling them to provide more affordable solutions to their customers. Ghodke says an important first step to staying ahead of the competition is to move beyond manual data entry with an AI-driven technology like Document Digitizer.

The Top 6 Reasons to Have a Good Inbound Logistics Program

Cerasis

Most transportation costs in a company arise from inbound logistics cost. If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Part of the problem lies in misconceptions around inbound logistics, including manual, data-intense processes and added stress. Better Visibility Leads to Effective, More Accurate Inventory Management. Logistic

Inbound logistics requirements for the new automotive supply chain

The Network Effect

In my last four posts, I talked about order aggregation , new inventory replenishment policies , why a network model makes so much sense , and the all important ASN. Today I want to discuss inbound logistics requirements. Earlier we discussed the fact that the “procure to pay” business transaction cycle includes transportation events such as tendering, pick up, in transit, dock scheduling and deliver along with full track and trace. SMMT/Ltd Flickr.

13 Amazing Logistics & Supply Chain Mobile Applications

EazyStock

To stay ahead, tech-smart operations, savvy professionals are using logistics and supply chain mobile applications as must-have tools for operational excellence. These apps help companies achieve every business process from tracking inventory and shipments to booking meetings with clients to tracking tasks and projects. In this blog, the team at EazyStock will be showing you the most exciting logistics and supply chain mobile applications that will make your job even easier.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory.

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

Talking Logistics

Menlo Logistics Opening New Multi-client Warehouse in Ladkrabang, Thailand. Kuehne + Nagel inaugurates North America’s regional Integrated Logistics Control Centre in Raleigh, NC, USA. Last year at the Ariba LIVE 2013 conference, I led a discussion session titled “At the Intersection of Social and Business Networks” with about fifty senior executives in supply chain and procurement. Note: Grand Junction, Kewill, and MercuryGate are Talking Logistics sponsors.

5 Procurement Management Tips for the New Kid on the Block?

AFFLINK

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Those fundamentals include understanding the need for reliability, reinforcing accountability, recognizing core competencies, defining a successful logistics strategy, and managing risk. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations.

At the Starting Line: New Year’s Resolutions for Supply Chain and Logistics Executives

Talking Logistics

Did you come up with any New Year’s resolutions to improve as a supply chain and logistics leader this year? From “5 New Year’s Resolutions for Supply Chain & Logistics Executives” originally published on January 14, 2014: 1. The good news is that leading practices in supply chain risk management are well documented in various books and publications , and new software applications are emerging to help companies manage this process. Happy New Year!

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. According to World Bank report, efficient logistics refer to transport, storage and conveyance of products to the ultimate consumers from the companies at minimal costs. How can companies enable Green Logistics? Green logistics has a significant role in the trade process, transport and deliver the goods.

Confessions of a High Priced Expediter!

Supply Chain Game Changer

The spreadsheet format I developed to track the status of each part was critical because it became the document of record and the single source of the truth. We focussed on establishing Vendor Managed Inventory programs and improving our Lead Times and Parameter Management. Ordering extra inventory is a stop gap solution which will cause other problems down the road. SCM #SupplyChain #Logistics #Distribution #Procurement. Subscribe Here! Email Address.

9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. Many logistics service providers will provide their customers with an SLA.

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Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

Cerasis

We take pride at Cerasis, as a third party logistics company who has developed a proprietary web-based transportation management system , to offer technology solutions to our shippers so they may remain as efficient as possible and have access to information at their fingertips. According to Wikipedia and EDI Basics , Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners.

The Great Gap Year of 2020

Bristlecone

Traditionally, documentation of lessons learned was sufficient. It’s time to plan and operate an intelligent Supply Chain Network, one that’s integrated with real-time market intelligence as well as backend ERP, planning and procurement systems.

Optimise Inventory Control with an Effective Bill of Materials

Unleashed

They can be used as a picklist of all items issued for production or assembly and documented correctly, the BoM is a useful tool for costing finished products. In manufacturing, the BoM will help drive the procurement and logistics for product creation. It tells you everything that is required to build each component of a finished product and provides a valuable tool to help improve inventory control. Why is a BoM important for inventory control?

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

This excess of inventory can often pose as a problem when companies already have a long list of issues to tackle to remain relevant in the market. Such tools, like the Cerasis Reverse Logistics product , which is newly released, allow an employee to procure and dispose of surplus product from more than one location. Further, this allows for the technology to check carriers sites every 2 hours for these documents for continual updates and visibility.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

News coverage showcases the differences between logistics and supply chain management. As I watch the news and work on client documents in my quarantine, I try to manage my emotions. This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Expect border friction and logistics to be an issue. Evaluate Inventory. Evaluate inventory health weekly.

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

The Logistics & Supply Chain Management Society

For an industry that increasingly requires higher logistics pipeline velocity without sacrificing accuracy and at lower costs, RPA is a natural choice for high performing supply chain organisations. Procurement. Inventory Management.

Blockchain: The Technology Reshaping SCM!

Supply Chain Game Changer

especially procurement and logistics?—?in For this reason, blockchain technology has been viewed as the perfect match for business application within procurement and logistics. Blockchain technology won’t just enhance the way procurement and logistics professionals work today; it poses the ability to reshape the functions entirely. Blockchain in Logistics. Below are some of the top applications for blockchain technology within logistics.

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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.

The Supply Chain Game Changer Job Board!

Supply Chain Game Changer

It includes functional areas such as Procurement, Purchasing, Freight, Logistics, Planning, Material Handling, Inventory Management, Cash Flow Management, Quality Management, Diversity, Customer Support, Systems Design and Deployment, Business Process Engineering, and Business Management. For instance the Truck Driver shortage is well documented. The Hottest Jobs in Supply Chain and Procurement! Subscribe Here! Email Address.

Embedded 3PL Relationship: What is it & Why is it Vital to Ultimate Shipper Success?

Cerasis

Outsourcing Logistics, and embedding a 3PL into a shipper/customer who give a dedicated representative who handles all of the details for the shipper. The current Logistics Manager or Purchasing Manager at the company may be resentful: “Do I really need a 3PL or company representative to help do my job, and, frequently the point of contact for relations with carriers? The current Logistics or Purchasing Manager wants an answer as to “WIIFM?” 3PL Logistics 3PL Relationship

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Made in “I Really Don’t Know”

Talking Logistics

Here are some recommendations: Identify and document the root causes of poor supply chain visibility. We all know that poor supply chain visibility results in lost sales (out-of stocks), higher transportation costs (expedited shipments), excess inventory, reduced customer satisfaction, and damage to brand reputation (among other negative consequences). Define and document Supply Chain Mapping business processes.

How to Lower Your Ocean Freight Costs!

Supply Chain Game Changer

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. Consolidating shipments provides greater flexibility in supply chains and regular, ongoing inventory replenishment. Freight and Logistics Guest Blog Post Freight Management logistics managementSubscribe Here! Email Address.

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Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism.

Supply Chain Predictions for 2018: Real-Time, Innovation, Cognitive, Blockchain, Industry-Academic Partnerships, and Taking a Stand!

NC State SCRC

Linton] co-authored The Living Supply Chain , which argues that “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Supplier driven innovation was also a major theme at the Procurement Leaders meeting in Miami this spring. This will require re-designing the processes used to manage these sales-procurement relationships.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

As the logistics industry remains fragmented, riddled with data silos , low-transparency, and archaic manual processes, blockchain within the supply chain can empower this revolution towards digital collaboration. This newfound visibility allows participants in a supply chain to proactively optimize components of their processes (like inventory management, staffing decisions, and a thousand more) to support an efficient and agile product path.

Contrary to Reality, Supply Chain Collaboration Shouldn’t Be Complicated

OneSCM

Just be sure the supply-chain wide “management” portal enables, and encourages, all stakeholders to document their actions and communicate with one another in real time, in one place, online. If you prioritize your investment in this type of SCM solution, then you will quickly see more frequent and quality interactions between suppliers, finance, procurement, logistics, production and accounts payable. Why You Need a True Supply Chain Orchestration Engine Powering Your ERP.

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Achieving the Impossible Dream: Perfect Order Performance

Material Handling and Logistics

Four separate factors contribute to achieving a “perfect order”: the delivery must arrive complete, on-time, undamaged, and with proper documentation. Order fulfillment typically involves cooperation and coordination of logistics activities across multiple organizational silos. Adding in automation takes much of the human error out of these processes, and can also make logistics faster, more accurate and more effective.

Streamline your Entire Distribution Centre or Warehouse at One Time!

Supply Chain Game Changer

They were going to take the Holistic approach (see our Blog Inventory Turnover Breakthrough (Part 1) … Go Back To The Basics! The team took the opportunity to document the execution of this remarkable project with time lapsed video. Lean #SupplyChain #ProcessExcellence #SCM #Logistics #Distribution. Selected as one of the Top 75 Supply Chain blogs, and one of the Top 25 Procurement blogs, on the Internet. Subscribe Here! Email Address.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. In particular, the focal BRIC (Brazil, Russia, India, and China) represent major targets for expansion, but with them come a host of new problem that enterprises have little to no experience in dealing with in terms of logistics capabilities.

Software is Not Enough: SAP and Descartes Partner on TMS Connectivity

Talking Logistics

Historically, one of the most labor-intensive and time-consuming aspects of a traditional TMS implementation is network connectivity — i.e., establishing electronic communication with carriers, suppliers, logistics service providers, and other external trading partners. Descartes’ GLN is one of the world’s most extensive logistics electronic communications networks, connecting a global community of more than 220,000 parties in more than 160 countries.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

B USD when using liquefied natural gas as a fuel which is costly and the owner needs to modify the engine and boiler for consumption of LNG which will incur additional cost this all can cost up to 20-30 M USD per ship to the owner Apart from these investments, to procure technology or the compliant fuel, the ship-owner will need to invest in training of the seafarers for the technology fitted on board such as exhaust scrubber etc. Subscribe Here! Email Address.