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Editor’s Note: We love talking about and reporting on technology which effects and also makes the lives’ of manufacturing companies much better. We’ve been providing manufacturing companies and shippers with a web-based transportation management system since 1998, before web-based TMS was as prolific as it is today.
Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. Enter the concept of the “microfactory.”
Editor's Note: Today's blog is from Cindy Banker with ProCorr Display and Packaging who is bringing us some great insight on how to reduce product damage. If you are a product manufacturer, you know all too well the perils of shipping products from your factory or warehouse to a DC or retailer.
Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. That''s why we ask our experts a very simple question " How to improve the operational efficiency in global supply chain? ".
With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. This invariably leads to extra freight costs and excess and obsolete inventory that either needs to be written off or sold at a heavy discount.
As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. The traditional leader values cost reduction but is blind on how to value time. Build in-market sourcing. Rationalize global strategies to focus on building markets based on in-market sourcing.
As manufacturers and retailers rush to get their products delivered to stores, consumers homes and offices, third-party drop points, micro-fulfillment centers and other destinations, shipping delays are inevitable in this complex landscape. Every shipment requires complete, accurate documentation that meets exacting specifications.
You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. However, since buying goods manufactured primarily in Asia increased so significantly, demand quickly outpaced supply. But elevated freight rates have pushed costs to $4-5 per unit.
Will the trend toward a return to “regional manufacturing” boost volumes in over the road transportation in North America as manufacturers move away from Asian overseas operations? As a result, a new focus on network resilience and the idea of more regional manufacturing emerged.”. This strategy is not without its risks though.
Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. Manufacturing and supply chains couldn’t ramp up fast enough. Wholesale food distributors and producers had to figure out how to sell directly to the public.
By the end of this blog post, you will be able to not only understand what cost performance index is, but also know how to calculate it. What contexts can it be used in and how, as well as the benefits of using cost performance index in supply chain contexts. What is the Cost Performance Index (CPI)? The research paper by Winanda et.
Since 2011, the federal government focused on changing this paradigm and made American manufacturing a priority. Under the guidance of the Department of Commerce/NIST , they developed an infrastructure with dedicated funding to rebuild our manufacturing sector. manufacturing.” Below is an overview of this program.
Traditional inventory management strategies were designed with all supply chains being linear, reflecting a manufacturer to retailer to end-user process in accordance with reverse logistics. Therefore, it is easier to increase the volume of freight moving across both inbound and outbound channels. Cybersecurity Concerns Remain.
As the size and scale of their worldwide supply chains increase, many manufacturers, retailers and distributors are finding themselves constrained by shortfalls in resources, capacity and specialized knowledge. As freight carrier rates and fuel prices rise, and competition for customers heats up, their margins are shrinking.
However, with most of our customer base in the manufacturing field, with the remaining in distribution and other industries, we thought it was vital that we featured some of the other manufacturing blog posts that were also popular in 2014. Well, manufacturing companies who ship freight in North America.
Learn more on how to overcome today’s supply chain challenges by securing the free guide, 8 Winning Strategies to Combat Supply Shortages. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Source: Consultancy.UK. Image source: Fortune.
It’s time to re-think how our products are manufactured and distributed. “We were able to do this because we are a manufacturer of most of our products and this allowed us to bring in products at competitive pricing and quantities. An ERP solution acts as a single business management platform for startups in any market.
” I believe that the focus should be improving reliability (Forecast Value Added (FVA), first pass tender and yield, and manufacturing schedule adherence) while decreasing process, demand, and data latency. Why do we need hundreds and thousands of planners?” Sensing and Proactive Alerting.
Industrial manufacturing supply chains operate in one of the more complex environments in recent memory. That means that manufacturers need more than incremental improvements to keep their heads above water; they need connected data, real-time decision-making, and digital-first operations. telematics) are changing the game.
For example, manufacturers relying on spreadsheets may overlook delays until production is interrupted. Each mistake carries a price tag in emergency restocking fees, expedited freight charges or production downtime. Armed with data and foresight, businesses convert uncertainty into a source of competitive advantage.
The problem is fundamental: SAP builds enterprise solutions, but the organization lacks the understanding of how to develop and deliver networks. No network crosses over the source, make, deliver processes. SAP’s argument is that the solution benefits 5.5 million organizations. Ariba’s process is onerous.
Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. Hence the conundrum for supply chain leaders of how to build end-to-end planning and evolve planning. . Companies want good plans, but they do not know how to define what good looks like. Reference Figure 1.
Today’s most advanced networks feature real-time digital freight matching, autonomous carrier selection and continuous route optimization powered by data streams. First, we’re moving from sequential to concurrent planning and execution.
As the fabric suppliers require the longest lead times, ZARA approves designs & initiates manufacturing after it gets feedback from its stores. How to balance supply chain with agility, resiliency, and risk assessment? Identify sourcing plant/s which can back-up each other in times of disruptions. CONCLUSION.
Let me find new routes, new supply chain sources, new ideas. The more data you put into that, you’ll be able to create new scenarios on how to solve those types of things. “AI, digital twins, computer vision, I would say the intersection between those three is quite amazing,” Agmoni told FreightWaves in an interview.
The Green Corridor: The Emissions of Work – How to Make a Green Working Culture by Timothy Foote , Founder of Susymbio In this month’s Green Corridor, I wanted to talk about the emissions generated by a workforce physically going to work. Only early industrialization made set hours for work a standard for efficient manufacturing.
For instance, blockchain enhances freight auditing and invoice management, as well as cybersecurity. To access this value, supply chain executives need to understand what’s holding it back, how it depends on integrated systems, and a few best practices to maximize returns. Manufacturing moves closer to end-users.
Raw materials, parts and services are currently all running through supply chains and manufacturing processes and emitting GHGs. That is because it is expected that industries will be constantly improving on how to make more products using less energy. Arcstone sells digital systems to optimize manufacturing.
But how to do this was very ambiguous. Demand sensing involves the use of the external data sources – particularly the latest sales and market data – to improve short-term forecasting and then be able to use that improved understanding of consumer behavior to improve their supply planning.
Of all the details shippers and businesses have to manage and track, transportation costs and freight audits can be the most overlooked and impactful. The pandemic brought massive and sudden changes to how consumers were shopping and spending their money, shifting supply chains from local lines to imports in numbers never seen before.
If we put that into a business context and start asking generative AI or agentic AI to make a major decision about how to reorient our supply chain, that is incredibly risky," says Wood. SPECIAL REPORT AI: Real or Hype? That is, its looking for the most likely next word that should follow in a sentence. "If Resources include the U.S.
Freight isn’t booming, costs haven’t come down, and the people at the top are still “navigating the fog” — while small fleets are stuck in it with no GPS. That means it’s still expensive to move freight, and the system isn’t getting more efficient. While Europe is charging full-speed ahead on zero-emissions freight, the U.S.
For AGCO, a public company with over $11 billion in revenues, a supply chain risk management application helped the agricultural equipment manufacturer stay agile during COVID. One of the players in this market, Resilinc, is monitoring 105 million data sources. AGCO Stayed Nimble during the Pandemic. This data needs to be curated.
The Causes of Stock Loss Sources of stock loss can include: Incorrect part movement Scrap with parts being dropped and damaged Shipping inaccuracy from warehouses and suppliers Manual mistakes in the processes Supplier performance Inaccurate forecasting Split shipments can also cause issues. Stock loss isn’t selective on item size either.
In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. This is extremely important when you consider the tasks at hand, the skills required, and how to fill these types of jobs. What is Freight Management?
In 2001 the government of Aragón in northern Spain realized that its economy had become overly reliant on a small group of industries, notably auto manufacturing. There is also the part-time Master de Logistica (MdL) master’s program taught in Spanish that has become an important source of talent for the local cluster.
Your stakeholders can: Align sourcing, purchasing, logistics, and I.T. Understand technology, information, and reporting tools and how to use them in the business. How to Recognize Success. Sourcing uses P.O. performance metrics to influence vendor behavior and impact sourcing choices. How to Recognize Failure.
A manufacturing production planning and scheduling solution, Orchestrate is designed for day-to-day scheduling, capacity planning and ‘what if’ analysis – a feature that lets users investigate how best to increase production efficiencies, while still improving delivery. Manufacturing complexity. Orchestrate.
At the time, we were both deployed as consultants for Manugistics to help a manufacturing company to implement end-to-end planning. There is no solution to optimize source, make and deliver together or drive bidirectional orchestration to execute trade-offs between functions automatically. Manugistics is now owned by JDA.). My dilemma?
Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Throughout this course, you will gain valuable knowledge and practical insights on various aspects of the sourcing process in procurement.
Helen Atkinson, Managing Editor Report From DPW: What’s Next for AI in Supply Chain? More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
Lost labels and mislabelled freight result in delays, loss of customer confidence and damage to your business reputation. To combat the problem here’s a way to improve freight labeling for transport and logistics management. Lost labels and mislabelled freight are irritating. Mislabelled freight is also prone to damage.
Scenarios to Clarify Cost Reduction and Cost Avoidance Common Missteps in Achieving Procurement Cost Reduction Procurement Cost-Reduction Strategies and Techniques Types of Costs in Procurement How to Measure Cost Reduction in Procurement Frequently Asked Questions About Procurement Cost Reduction What Is Procurement Cost Reduction?
WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. Public awareness and mass retailer initiatives have driven major sustainability efforts over the last two decades among CPG manufacturers.
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