Remove Freight Remove Inventory Remove Magazine Remove Sourcing
article thumbnail

The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.

article thumbnail

When to Switch From In-House to Managed Logistics Transportation Services

GlobalTranz

Indicator 1: It’s Difficult to Track Your Inventory From Suppliers Through Final Mile. Inventory tracking and visibility must be present from the first mile through the final mile, reflecting the entire shipment lifecycle through white glove services. Indicator 2: Freight Spend Seems to Be Spiraling Out of Control.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Importance of Digitalisation to Improve Supply Chains: Helping Businesses Navigate Through Supply Chain Disruptions

The Logistics & Supply Chain Management Society

With regard to IoT, DB Schenker is equipping classic logistics infrastructure like freight containers, trucks, or department stores with sensor technology to systematically record all data points of a logistics shipment. One solution to this problem is centralized distribution and real-time inventory management. Supply Chain 4.0

article thumbnail

The Green Corridor: Full Circle – The Promise and Struggles of the Circular Economy and Green Supply Chains

The Logistics & Supply Chain Management Society

We can help business leaders by providing insight on the environment benefits or disadvantages of their different sourcing options to start with, but after that comes the physical moving of goods. He crafted delivery solutions for e-commerce clients and managed supply chains for several chemical and freight forwarding companies.

article thumbnail

Using Technology to build Sustainable Supply Chains

The Logistics & Supply Chain Management Society

IDC also forecasts that by 2023, 30 percent of Asian enterprises will ship freight using a SaaS-enabled platform, resulting in improved efficiencies in load matching and reduced shipping costs. Dynamic routing has empowered logistics providers to consider plans B, C and D, offering alternative options of ocean and air freight cargo.

article thumbnail

Now Is the Right Time for Supply Chains To Do the Right Things

The Logistics & Supply Chain Management Society

Better demand sensing, shifts in customer behaviours, predictive/prescriptive case studies, shift in inventory stocking strategy and customer service. Visibility into Tier I, II and III suppliers, de-risk by developing alternates, build practical BCPs (business continuity plans) and China + 1 sourcing strategy. Manufacturing Planning.

article thumbnail

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

GlobalTranz

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story. The Evolved Vendor Managed Inventory Model.