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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Part of the Woolworths group, Primary Connect operates a vast national distribution network comprising road, rail, ocean transport services and, like many 4PL providers, makes use of 3PL storage facilities. Unloading of local freight and de-stuffing and palletising of international freight.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. The focus in supply chain groups was not on how to design the operations so that they were more effective; instead it was about the use of best practices to maximize the value of what we had. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together.

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This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

Robinson Reports 2018 Fourth Quarter and Full-Year Results TPG Capital to sell Transporeon Group to Hg BluJay Hires Andrew Kirkwood as Chief Executive Officer Tool Company Claims IPS Worldwide ‘Misappropriated’ Millions (WSJ – sub. req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub. Uber Freight: Transportation Facility Brand Managers.

‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models.

‘Digital Freight Matching’ Isn’t a Product— It’s a Strategic Methodology

Parade

As freight brokerages look to leverage technologies, automate grunt work, and streamline operations, we hear references such as “Buying ‘digital freight matching’.” Unfortunately, this reference to ‘digital freight matching’ as a ‘product’ is too simplistic. Because every freight brokerage has a different mix of fulfillment opportunities, and each load opportunity has unique requirements, challenges, and execution models.

Takeaways from Descartes Evolution 2019

Talking Logistics

One of my first clients back in 1999 was Descartes Systems Group. Source: Google. This was not a trivial transition because the software industry, until relatively recently, was long fixated on measuring its health and success by new license revenue (sales of products) instead of customer-centric metrics, such as realization of ROI and payback objectives. Descartes Systems Group Revenue 2006-2018 (Source: macrotrends).

Launching the Freightos Baltic Index (FBX) for Daily Rates

Freightos

As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. As containerized freight has been slow to digitize in general, a reliable, data-driven, and actionable index has eluded the industry as well. Prices for everything and anything are subject to change and freight rates for containers are no different.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. Møller Mærsk Group.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

Source: Evan, Flikr. “I SophiaTX Open Source Platform to Integrate SAP, Blockchain. If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? And since so many aspects of supply chain management affect both customer experience and financial metrics, supply chain innovation efforts need to take these factors into consideration too.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more. Source ID. Source ID. At automaker BMW Group, for instance, plant employees can walk up to seven miles per day. To eliminate some of this traveling BMW’s R&D group developed a Personal Mover solution—a one-person means of transport for covering short distances within an operating site. Source ID. Source ID.

7 Easy Steps to Create an Inbound Vendor Routing Guide

Cerasis

It manages inbound freight, not unlike the incoming blood supply from the lungs, and pumps it out to the remainder of your supply chain. For each weakness or issue, provide instructions on how to avoid delays and ensure adherence to appropriate carrier selection and freight classification. Volume and weight should be classified appropriately into one of four groups, including the following: 1 to 150 pounds or small package.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). To make the Supply Chains to Admire list, a company had to score above average of their peer group for supply chain improvement as measured by the Index, and drive performance above average in the portfolio of metrics for operating margin, inventory turns and Return on Invested Capital (ROIC).

[WHITE PAPER] 4 Strategic Considerations when Considering Offshoring Parts of your Supply Chain

Cerasis

In fact, our friends over at the Rodon Group, with whom we’ve started an ongoing blog collaboration, starting with this post and more to come, have written a White Paper entitled, “ Hidden Risks and Costs in an Offshore Supply Chain.” In this new white paper from The Rodon Group, they’ll examine three strategic areas to include in your supplier selection process: Cost, Scheduling, and Compliance.

How to Build Better Supply Chain Finance Goals With Analytics

Turvo

Nothing comes close to the level of turmoil it has caused, and for supply chain leaders, the severe disruption, and changes to freight rates—not to mention limited capacity—contribute to more uncertainty. Unfortunately, the data of the past is not always the best source for action today. History lessons may be great for business school students to ponder in case study groups.

Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Accessibility — The ability of a carrier to provide service for a freight order. Accessorial Charges — Fees added to a freight bill for additional services that the carrier might provide. Air Freight — Transportation of products via air transportation methods. Audit — In logistics, an audit refers to the process of examining, adjusting, and verifying freight bills for accuracy. Chargeable Weight — A shipment’s weight that is used to determining freight pricing.

Guest Commentary: P.O. Management Programs – Know Pain, Know Gain!

Talking Logistics

Diffuse resistance by inviting stakeholders from internal groups to become part of the solution as early as possible. Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Sourcing uses P.O. performance metrics to influence vendor behavior and impact sourcing choices. Vendor behavior may remain unchanged and unchallenged by buyers, sourcing, or management. Robinson through the acquisition of Phoenix International Freight Services in 2012.

Green Future of Freight [Infographic]

Freightera

Please share this infographic on you site by copying and pasting the code below: Source: The Green Future of Freight – An infographic by the team at Freightera. FREIGHT SHIPPING EMISSIONS TODAY. Heavy-duty trucks account for the dominant share of all logistics-related greenhouse gas (GHG) emissons: Road freight: 57%. Ocean freight: 17%. Air freight: 9%. Rail freight: 6%. Global Freight Transport produces 10% of Greenhouse Gas Emissions.

Five Causes of Analysis Paralysis You Can Avoid

TMC

It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. The data is not aligned with the specific needs of the functional group. It’s easy to get bogged down in streams of data generated by inappropriate metrics.

Five Causes of Analysis Paralysis You Can Avoid

TMC

It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. The data is not aligned with the specific needs of the functional group. It’s easy to get bogged down in streams of data generated by inappropriate metrics.

How Machine Learning Is Redefining Supply Chain Management

IQMS

Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp., Reducing freight costs, improving supplier delivery performance, and minimizing supplier risk are three of the many benefits machine learning is providing in collaborative supply chain networks. Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. A key metric in inventory revaluation is Net Realisable Value. Imagine you are a toothpaste maker, sourcing raw materials from overseas. Sourcing it from a different supplier in another country will take four weeks by sea or one week by airfreight at a higher price.

Top Digital Supply Chain Cities in the U.S.

Material Handling & Logistics

Given that the study was funded by an Atlanta-based group, the results are hardly authoritative (for instance, a number of major cities, such as Boston, Charlotte, Denver, Philadelphia, Phoenix and Washington, are not included in the study), but they do offer an interesting view on the supply chain capabilities of seven major regions. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

Why Logistics and Transportation Should Digitize

3rdwave

Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. System driven audit support – for freight audit management. What is Digitization?

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. I can see the light that will maybe be a freight train someday.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. A key metric in inventory revaluation is Net Realisable Value. Imagine you are a toothpaste maker, sourcing raw materials from overseas. Sourcing it from a different supplier in another country will take four weeks by sea or one week by airfreight at a higher price.

A Quick Glance Into The Logistics Market - January 2016

EFT

Source: US BEA). . Source: US DOC & Census Bureau) Consumer Confidence The Consumer Confidence Index increased to 96.5 Source: The Conference Board) (The consumer confidence index is based on a monthly survey of 5,000 U.S. Source: US DOL) . . Source: Conference Board). Source: US Census). . Source: US Census). . Source: US Census). . Source: U.S. Source: US Bureau of Labor Statistics). . Source: US Census). .

A Quick Glance Into The Logistics Market - January 2016

EFT

Source: US BEA). . Source: US DOC & Census Bureau) Consumer Confidence The Consumer Confidence Index increased to 96.5 Source: The Conference Board) (The consumer confidence index is based on a monthly survey of 5,000 U.S. Source: US DOL) . . Source: Conference Board). Source: US Census). . Source: US Census). . Source: US Census). . Source: U.S. Source: US Bureau of Labor Statistics). . Source: US Census). .

This Week in Logistics News (January 7-11, 2019)

Talking Logistics

Robinson, Descartes Systems Group, and MercuryGate. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, 2018. This week, for example, MercuryGate (a Talking Logistics sponsor) announced “the availability of a new Customer Portal that offers greater visibility on freight movements to all users.” Did you make any New Year’s Resolutions for 2019?

Why Logistics and Transportation Should Digitize

3rdwave

Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. System driven audit support – for freight audit management. What is Digitization?

Gartner Top 25 Supply Chain List! Is it Still Relevant?

Supply Chain Game Changer

Source: Gartner. I don’t for one second deny that the companies on the list have great supply chains, but there are so many advances in Supply Chain technology, talent, skills and capabilities that it is hard to believe that all of this excellence is restricted to the same group of 20 companies year after year after year. By definition the Peer group that is providing their Opinion scores is restricted to large companies voting on other large companies. Subscribe Here!

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. In order to compensate a long waiting time, Adidas uses air freight or courier service. The result is that the forecast accuracy is improved because a demand planner has an additional source data to make a better decision.

50 expert warehouse optimization tips and techniques

6 River Systems

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. “The overall amount of time it takes for raw materials or parts to make their way through your warehouse and onto store shelves is another key metric in determining your success as a warehouse supervisor. ” – 5 Tips for Warehouse and Distribution Center Management Success , FDL Group 22.

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Here are some excerpts from the press release: 94 organizations are actively involved or have agreed to participate on the TradeLens platform, including more than 20 port and terminal operators across the globe; customs authorities in the Netherlands, Saudi Arabia, Singapore, Australia and Peru; and freight forwarders, transportation and logistics companies including Agility, CEVA Logistics, and DAMCO. I’m back from vacation. Well, back physically.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively. Debbie Lentz @RSComponents Debbie Lentz is the President of Global Supply Chain at RS Components and the Electrocomponents Group.

50 expert tips on supply chain management

6 River Systems

Forming strategic partnerships with a select group of your best suppliers can allow you to capture a wide variety of benefits—including the potential for scale advantages and priority service.” “Some companies are starting to invest in creating data-backed profiles of their supplier base so they know where and when to look for second sources. Develop alternative sources and diversify value chains. Consider a dual-supplier sourcing strategy.