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How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

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. When you break it down, Jeff Bezos figured out how to do three seemingly contradictory things at once: deliver exceptional service levels, at the lowest cost possible, and manage complexity. So what’s the secret of making supply chain uncertainty work for you?

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Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

As I methodically pivoted the roller to apply the stain, I made quite a mess. Deck stain is not designed to be rolled onto a ceiling.). For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. Supply is the challenge.

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LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

Cerasis

Black swans in the supply chain refer to unexpected, unusual disruptions within the supply chain, reports Melanie Nuce of Inbound Logistics. For freight, managing black swan events, like risk mitigation , means finding problems that are on the verge of causing disruption and taking advantage of resources to minimize their impact. As a result, carriers will have less capacity and availability to handle unexpected surges in demand.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Keep it Simple : It’s important to not over complicate things.

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Wanted: Supply Chain Architects!

Supply Chain Shaman

I liked the classes, and would spend hours talking to my professors about the design of the factory. The placement of equipment and personnel was carefully crafted through revision-after-revision as the factories moved from design to operation. Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. So when the warehouse team threatened to unionize, I transferred into a distribution, warehouse environment.

How to Reduce Product Damage During Shipping

Cerasis

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. In this article, we have highlighted the most common, but often overlooked elements to consider. How you pack your products in the box is key to product damage control. .

How to Build Better Supply Chain Finance Goals With Analytics

Turvo

Few events carry the notoriety of black swans, and the COVID-19 pandemic is the most unprecedented and disruptive event to affect supply chains in decades. 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. To answer that question, we need to look further into the data.

Reconfiguring the Automotive Post Pandemic Supply Chain

Logistics Trends and Insights

The year started off promising for the automotive industry however, like everything in its path, the coronavirus pandemic has dealt a cruel blow to the industry. In addition, with 80% of global car production requiring parts from China, the shutdown made it difficult for global vehicle makers within China and elsewhere around the world to source parts required for building cars. Toyota is expected to open its U.S.

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

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. I spent the month of March trying to help business leaders mitigate the impact of the pandemic. My first focus was on China sourcing. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. My goal was to drive insights for business leaders on Forbes and LinkedIn. Time to Know.

Amazon supply chain management pushes retail to the limit

Kinaxis

by Alexa Cheater How to overcome the Amazon effect. When it comes to supply chain excellence, particularly in the retail sector, there is one behemoth dominating the landscape: Amazon. Amazon supply chain management is driving innovation and change at a pace that’s putting the pressure on other businesses to find a way to keep up, or fold. You need to build a real-time, data-driven, cloud-based automation network to compete.

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How to prepare for freight market shifts in 2020

CH Robinson Transportfolio

As we begin 2020, we can anticipate more balance in the transportation marketplace, according to industry sources. truckload market , the next six to nine months will be a transitional phase. Most analysts are thinking we might start to feel some market parity in the second half of 2020. . Cycle continues to evolve. The truckload market ebbs and flows as demand and supply enters and leaves the market with economic conditions. Supply and demand forecast.

How to Move Forward with Reverse Logistics

Talking Logistics

Everyone has experienced this scenario: a great event is planned in advance, a timeline is set with a predetermined flow of the party, from when guests arrive to the food and music, all the way to their departure at the end of the evening. The same goes for many planned and well-organized supply chain processes – they carry with them the threat of unplanned and unintended events, especially when moving product from the point of origin to its final destination.

How to Thrive in the Upcoming Holiday Capacity Crunch

MercuryGate

The holiday peak season has always been a source of revenue growth and stress for the supply chain. And 2020 is shaping up to change the game forever. The post How to Thrive in the Upcoming Holiday Capacity Crunch appeared first on MercuryGate International.

Blockchain & Supply Chain Visibility: Will Blockchain Finally Eliminate Supply Chain Black Swans?

Cerasis

Supply chain risk is at the forefront of supply chain executives’ minds. Proper risk management can help supply chains navigate the complexities of post-hurricane recovery and increase productivity. Home Depot’s work in risk management served to increase profitability in the aftermath of the 2017 hurricane season. Supply Chain Black Swans Are Perceived as Minimal Risks Supply chain black swans are considered inescapable threats.

Agile Supply Chain VS Efficient Supply Chain

DynaSys

FROM EFFICIENCY TO AGILITY. The ideal strategy to survive and prosper in a dynamic environment is to have an agile behavior that is conducive to change. This is true for everyone, and supply chains are no exception. An agile supply chain requires the ability to rapidly identify, evaluate and execute alternative supply chains scenarios. Agile supply chains exist almost as the antithesis of efficient supply chains.

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

Recovering your assets is a difficult task no matter what your occupation with reverse supply chains in the marketplace. As businesses often have a surplus of goods to dispose of or recover, such as core returns, we’ve compiled some excellent tips for your company so the process of handling goods not only stretches further… but enhances your chain value as well. Effective Reverse Supply Chains.

Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. Interrupted supply chains can mean costly delays and unsatisfied customers. So just how strategic are you when it comes to sourcing transportation capacity? Ask yourself these four questions: Can you break down your spending to the carrier level?

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end. Unless you have end-to-end visibility across your entire network of trading partners, you – and they – are operating at a distinct disadvantage. Want to know how a certain carrier performed?

2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

Cerasis

As we head into a new year it is a good time to take a look at the coming year and see what it may hold in the way of trends. We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. 2016 Supply Chain Trends: The First 7 of 12. The second is that automation applied to an inefficient operation will magnify the inefficiency.

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Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. Take a proactive approach to collaborate with your Suppliers.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

When the world changes around you, and when it changes against you, what used to be a tailwind is now a headwind — you need to lean into that and figure out what to do because complaining isn’t a strategy.”. Let us study major highlights of Supply Chains of the future.

Procurement – How to Enable Spend Aggregation!

Supply Chain Game Changer

Theoretically you should be able to generate better service, better terms and conditions, and better cost. Yet there can be many obstacles in your way to achieving this seemingly simple goal. You may be trying to aggregate spend within your company or across companies, or you are trying to outsource this to a Group Purchasing Organization (GPO). To overcome the Spend Aggregation obstacles there are a series of enablers you need to enact to make this successful.

The (Internet of Things) IOT Supply Chain Benefits Now Coming Clearer

Cerasis

The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. The Internet radically changed how the world communicates. Simple activities and information became instantly available, which eventually led to the creation of the IoT. The IoT Supply Chain and Shipping Processes.

How to run a supply chain war room that's ready for anything part 2: Planning for and preventing risk

EFT

In part one, which you can read here , we covered why risks are rising and how it is important to try and get ahead with a strong planning function. To aid the decision making, visibility is critical,” says Phil Roe, Chief Customer Officer and Strategy Director UKI at DHL Supply Chain.

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Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. As such it was many years before I actually heard of the term “Supply Chain Management” Regardless I pursued my interests and took on an increasingly diverse set of progressive jobs as time went on. While others want to try working in many different areas.

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How to Protect Your Freight From Cargo Thieves

GTG Technology Group

5 Tips for Protecting Your Freight Against Cargo Thieves. Protecting freight is one of the responsibilities you have to your clients. Failure to exercise reasonable care in preventing accidents or incidents could result in you having to pay for the damages. Cargo thieves can take advantage of opportunities for crime, such as low security at a cargo hold, to steal thousands of dollars worth of cargo. Sources: [link].

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How To Keep Your Supply Chain Moving Fast as Fuel Costs Rise

Elementum

In today’s blog we’re taking a look at what this means for shipping costs, and how retailers can fortify their operations against price hikes. But the largest source of cost increases for most companies have been driver wages and benefits. Many employees are leaving the industry to take jobs that allow them more time with their families. As diesel prices tick up and the costs of keeping drivers rises, freight companies are taking action to protect their earnings.

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Step Three: Stage Five Supply Chain Planning System of Record (SCP SOR)

Kinaxis

How many of you are familiar with the game Simon ? While Simon is really a memory game, what I really want to emphasize is that it is unpredictable. It is random; not sequential and your decisions have to be made quickly as the game speeds up at every turn. It is just like your supply chain. I like to call this ‘Connecting the Dots’. I remember starting in supply chain many years ago in procurement, negotiating pricing and managing suppliers.

How To Choose Transportation Mode In Logistics

Abivin

A company cannot function well without being able to ship products across the supply chain. It also allows companies to cross geographic lines between where products are produced and where they are consumed. In logistics, transportation can be defined as a function of planning, scheduling and controlling activities related to mode, vendor, and movement of inventory into and out of an organization. To simplify this method, take a postal organizations for example.

How to Avoid Bottlenecks in Your Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Article and Infographic, and permission to publish here, provided by Marc McCormack at straightnorth.com. It’s easy to visualize your supply chain as a river, flowing from one point to another. Along the way, it can branch out into various tributaries — but like running water, any item in the supply chain will find its way to its destination eventually. Subscribe Here!

LTL Capacity Best Practices in Times of Tight Freight Capacity

Cerasis

The capacity crunch has been a core concern of shippers for several years, but as 2018 draws closer to the holiday shopping season, it will become a bigger problem. LTL capacity has routinely been used as a source of added capacity when full truckload becomes unavailable. Unfortunately, the worsening of the driver shortage is pushing more full truckload carriers to turn existing trucks into LTL space. Capacity Crunch Freight LTL

Supply Chain Visibility Not Just a Requirement for the C-Suite, But a Responsibility in Management

Cerasis

Transparent supply chain management and effective supply chain visibility is a critical tool in a company’s continued growth and successful brand image. The latest John Oliver episode on Fashion (which you can watch below) featured shameful behavior and practices that were part of how products were and are being produced in third world countries. C-suite execs plead ignorance to the conditions that are exposed and the consequences created. Supply Chain

What’s the Difference Between Freight Management and Logistics Management?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. “Logistics” and “Freight” both conjure up imagery associated with the movement and transportation of goods whether by truck, car, rail, ocean liner or any other form of transportation. What is Freight Management? Subscribe Here!

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. So what exactly is the definition of “Supply Chain Management”?

Are We Facing the End of Supply Chain Management?

Supply Chain Game Changer

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. Is Your Supply Chain Ready To Recover? A new article in Harvard Business Review has been generating some automation-related controversy in the Supply Chain Community, as well as lots of buzz and interesting conversation. Naturally, we at Argentus want to weigh in.