Japan and Ecuador Earthquakes: Supply Chain Lessons from Past Disasters

Talking Logistics

The recent earthquakes in Japan and Ecuador are a sad reminder of how deadly natural disasters can be. As of this morning, 41 people are confirmed dead in Kumamoto prefecture, the epicenter of Japan’s earthquakes, and 272 people have died in Ecuador , with thousands more injured and displaced from their homes. Our thoughts and prayers are with the people of Japan and Ecuador, especially all of the victims and their families, as they deal with the aftermath of these tragic events.

Japan and Ecuador Earthquakes Highlight Supply Chain Risks

EFT

However, a potential lesson to learn from this recent event for Toyota, in particular, may be to implement a more rapid response system between all supply chain partners and perhaps encourage its partners to rethink ‘just-in-time’ inventory needs. Reuters further notes that Renesas Electronics has not been stocking inventory but rather has begun to standardize more parts to enable in-house production at alternative plants during emergencies. .

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Japan and Ecuador Earthquakes Highlight Supply Chain Risks

EFT

However, a potential lesson to learn from this recent event for Toyota, in particular, may be to implement a more rapid response system between all supply chain partners and perhaps encourage its partners to rethink ‘just-in-time’ inventory needs. Reuters further notes that Renesas Electronics has not been stocking inventory but rather has begun to standardize more parts to enable in-house production at alternative plants during emergencies. .

Checklist for working capital management

Supply Chain Movement

Working capital management revolves around inventory, debtors and creditors. Ecuador. Visuals cash checklist earn x turn finance inventory inventory days raw material risk Slimstock suppliers working capital10 questions to assess working capital management. Some companies generate cash so quickly that they can even achieve negative working capital. Supply Chain Media and software vendor Slimstock have developed this checklist for working capital management. >>Please

Revenues Sagging? Here's How to Thrive in 2016

Demand Solutions

Think Venezuela, Ecuador, and Colombia. All of that inventory sitting there is probably your largest expense next to headcount. But don’t just cut inventory blindly. With the right solution in place, you can actually forecast with a great degree of accuracy how many of each inventory item you’ll need to meet future demand, and exactly when to order these items.

Revenues Sagging? Here's How to Thrive in 2016

Demand Solutions

Think Venezuela, Ecuador, and Colombia. All of that inventory sitting there is probably your largest expense next to headcount. But don’t just cut inventory blindly. With the right solution in place, you can actually forecast with a great degree of accuracy how many of each inventory item you’ll need to meet future demand, and exactly when to order these items.

Mindmap for the Fashion & Luxury Goods Market

Supply Chain Movement

Adequate demand planning and accurate inventory investments are key to successful supply chain management in this fast-moving industry. Ecuador. Companies must invest in and balance their inventories more wisely to ensure optimal on-shelf availability in all commercial outlets.

Complex costs of transportation

Supply Chain Movement

To anticipate and respond to high customer demand, a modern Transportation Management System (TMS) needs to optimize inventory allocation. A TMS with inventory allocation enables shippers to monitor shipments down to the package level. Ecuador. 10 questions about Freight Spend Management. There are numerous ways a shipper can reduce freight spend. They can renegotiate contracts, find other carriers, and do a better job of maximizing their truck utilization.

Mindmap for Global Logistics Integration

Supply Chain Movement

Ecuador. Finally, the system should enable intelligent inventory location management to ensure optimal on-shelf availability for the end customers. The world is becoming smaller and larger at the same time through globalization and the internet. Goods have to be transported across the globe and across the neighbourhood. To manage this logistics complexity while adhering to customer service standards and incurring reasonable costs, companies need Global Logistics Integration.

KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Inventory stock turns in Days. Inventory management. Inventory levels. Supply Chain KPIs are Essential – The Right Ones! The information on this page WILL help you get it right. Many people get really confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Which ones to use?… … How many to use? Sadly it’s not such an easy question to answer. Of course they need to be SMART.

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10 questions about the benefits of S&OP for your organisation

Supply Chain Movement

For one company the added value will lie in avoiding running below capacity and in reducing inventory while for another it will be the controlled scaling up of new products and services, but it always revolves around being able to anticipate and adapt the chain to developments in a timely and integral manner in order to achieve the strategic objectives. Ecuador. Management at the helm.

3PL Subway 2015: Strategic movements among logistics providers

Supply Chain Movement

Ecuador. The 2015 Annual Third Party Logistics Study also reveals that both sides regard themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9%, an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. After years of declining revenues in European logistics services, the business started to stabilise in 2013/2014.

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Global Cargo Monitoring / Cargo Tracking: Networked Supply.

Global Trade Management

The ability to in real time identify the location and status of the sourced goods gives the importer the ability to fine tune its distribution channels, its inventory management and its ability to fulfill commitments to its end users. Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990.

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