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Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. Use of Freight Rate Benchmarking.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. In 2014, Vitalik Buterin and his team developed a public, open-source blockchain-based computing platform that is known as Ethereum. This incident really calls the security of public blockchains into question. Christopher Tang.

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Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. In 2014, Vitalik Buterin and his team developed a public, open-source blockchain-based computing platform that is known as Ethereum. This incident really calls the security of public blockchains into question. Christopher Tang.

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Even slight delays or inventory shortages can have a severe impact on a company’s bottom line. At the height of the pandemic-linked supply chain disruptions, Amazon set the bar extremely high for other 4PL providers, despite initially experiencing inventory shortages.

Achieving the Integrated Global Supply Chain

Supply Chain Network

The results are achieved when extraneous costs are removed and product can optimally move from source to end-user with minimal friction. Cash Supply Chain Definitions Education Emerging Trends Freight & Transportation Information Technology Inventory New Ideas News & Info Professional Communications Security Supply Chain Management Supply Chain RiskGuest post from Ned Blinick of 3rdwave.

Technology Fuels Freight Logistics: Jeff Tucker in Wall Street Journal

DAT Solutions

Jeff Tucker 's guest column in yesterday's Wall Street Journal pointed to the pivotal role of technology, including DAT Load Boards , in freight logistics today. Jeff also highlighted the contribution of freight brokers to the efficient movement of cargo. Jeff has been a leader in freight logistics since 1992; he is president and CEO of Tucker Company Worldwide and Chairman of the Transportation Intermediaries Association. domestic freight transportation and logistics.

5 Ways Temperature Controlled Shippers Can Boost Supply Chain Efficiency

CH Robinson Transportfolio

The increased need for adaptability and agility sums up what nearly everyone is feeling these days—this is particularly true for companies shipping temperature sensitive freight when timing is critical. Be strategic about inventory management.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products. The CMR-6100 is easy to install and maintain, requiring only connecting it to an AC or DC power source – or even a solar power source – and attaching RFID antennas. Intelleflex ZEST Data Services is a secure, multi-tenant cloud-based data collection platform for aggregating permission-based sharing of information.

US Spending Cuts to Create Issues for Freight Forwarders Through Cargo Processing Delays

BluJay Solutions

As the US Federal Government begins to implement a Sequestration program of mandatory spending cuts to address its budget deficit, effective March 1, the Department of Homeland Security is warning of potential delays to the processing of inbound air and sea freight shipments. And the resulting delays in processing cargo imports are set to impact heavily on the logistics industry, with logistics services providers of all types affected, in particular freight forwarders.

Cargo 60

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

There are many factors which can lead to an inability to secure supply of the goods or services that you need to conduct your business. A predominant issue is having single, or sole, sourced parts. If the supplier provides materials that can be sourced elsewhere then you have a path to developing a contingency plan. As a combination of Accounts Receivable, Expenditures, Accounts Payable and Inventory you can see Supply Chain’s impact. Inventory Performance.

What If Your Supply Chain Had A Control Tower?

Freightos

Large operations – airports, armies and even mall security – all rely on one control room that aggregates data, converts it into insights and aids decisions. The idea of a supply chain control tower emerged in 1990’s, triggered by the need to view and control the movement of goods in factories, distribution centers and pipeline inventories. They estimate that their deployment resulted in an inventory saving of tens of millions of dollars.

Justifying Investments in Risk Avoidance

Supply Chain @ MIT

This is the classic Catch-22 dilemma faced by many corporate security managers when trying to justify further investments in steeling the supply chain against disruptions. On the other hand, costs incurred – including security outlays – are visible, and often become prime targets for the CFO’s cost-cutting knife. I gave the example of Sun Microsystems, which suffered a spate of freight thefts in Europe. Replacement sources were soon found. Relief and resilience.

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks. A significant paradigm shift in procurement and inventory control is an emerging area of focus.

UAE 198

Touchless Fulfillment and Shipping!

Supply Chain Game Changer

Few other parameters that supply chain techies must keep in mind like – the scale of the inventory, the scale of production and stocking, and more such keys help the transport and logistics businesses to form an important decision quickly and rightly. Subscribe Here! Email Address.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Successful collaboration will result in several benefits – reductions in lead times, improved in-stock fill rates, improved forecast accuracy, and increased inventory turnover. So how can companies in the GCC chemical industry secure the future of their supply chain networks via integration?

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Extreme weather represents one of the most significant risks to ocean freight on the globe. Source raw materials from reclamation centers where possible. Ensure system connectivity is on a secure network. Know the top risks in global freight management.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. Freight Management.

What’s the Difference Between Logistics and Distribution?

Supply Chain Game Changer

The logistics of physical items usually involves the integration of information flow, materials handling, production, packaging, inventory, transportation, warehousing and often security. Logistics management activities typically include inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply/demand planning, and management of third party logistics services providers.”

The Ultimate Guide to Pick and Pack Methods!

Supply Chain Game Changer

Good inventory management and the right pick and pack software will help you ship orders with maximum speed and accuracy. Your inventory storage strategy and your pick and pack methods are key here. The order goes to a packing station where it is packed securely, sealed, and labeled for shipping. You might organize your inventory the way you organize your closet. Inventory Storage Strategies. This is a way of organizing inventory that makes sense to us.

How To Start Your Brewery On The Path To Success

Unleashed

How many stock-outs, an event that caused inventory to be exhausted? Stock & Inventory Control. Unleashed lets you add these additional costs (such as freight and duty) for each purchase order during the receipting process. Assign a serial number to ensure you know where they’ve gone and when they come back into your inventory. Connect your sales people with your live inventory system wherever they are.

From Triage to Transformation… Building Resiliency with Agile Supply Chains

LevaData

While tariffs are often quoted as one of the main factors for such exit strategies, there are several other concerns as well, related to intellectual property and security, prompting organizations to reconsider China.

From Triage to Transformation… Building Resiliency with Agile Supply Chains

LevaData

While tariffs are often quoted as one of the main factors for such exit strategies, there are several other concerns as well, related to intellectual property and security, prompting organizations to reconsider China.

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

The Logistics & Supply Chain Management Society

They will access their control tower, on any secured handheld machine regardless of their location. Diversify supplier base : Supply chain should not be overly dependent on long lead-time or on a small pool of specific suppliers or sourcing regions.

The Influence of IoT: How it’s Transforming Global Logistics

CH Robinson Transportfolio

Companies can keep less inventory on hand and more in motion if their supply chain network can reflect accurate product locations and specifications. As Dr. Shardul Phadnis explained in a recent report , IoT applications can collect a vast variety of data types, share it quickly across multiple trading partners, and integrate many sources of information in innovative ways to enable better decision making. The Influence of IoT: How it’s Transforming Global Logistics|Transportfolio.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants. Outcomes: improved inventory management; More accurate determination of re-order points; Better on-shelf availability.

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. As history has shown, terrorist attacks and regional conflicts (and how the world responds to them) affect oil prices, stock markets, consumer confidence and spending, and trade lanes — and they can trigger new regulations and security measures, which could increase supply chain costs and lead times.

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Partnerships reduce transportation costs through freight consolidation, appropriate freight classification and selection and increased scrutiny of billing and documentation practices. While many companies look for more supply chain savings and increase profit margins, the TMS remains a stable , reliable source of increased revenue. Now, managing these operations traditionally relied on an inbound freight routing guide.

What Supply Chain Risks Must Supply Chain Execs Keep Top of Mind?

Cerasis

Failure to do so would result in extreme inaccuracies in inventory management and additional delays throughout shipping processes. Fortunately, supply chain execs can overcome and successfully mitigate this risk by implementing robust analytics technologies to provide better inventory management and overall supply chain management. Risk permeates supply chains.

6 Best Practices for Third-Party Logistics Companies to Differentiate From Competitors

Turvo

The freight and logistics industry continues working on finding ways to make their respective organizations within the supply chain stand out from the crowd. So it comes as no surprise that the biggest challenges for shippers, according to a 2019 survey, published by Inbound Logistics , revolve around lowering freight spend and e-commerce: “Nearly two-thirds of them—63%—cite cutting transportation costs as an important focus of their logistics efforts.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Strategic Freight Management: Arrange bids by carriers for long-standing contracts based on Risk, Capacity and Cost.Selection of Carrier: Arrange carriers for each shipment considering allocations, business shares, and costs. By incorporating TMS information with other inner sources of data, such as ERP and WMS or OMS, the businesses can attain approximately real-time visibility into products from purchase through inventory and transportation. TMD Security GMBH.

Wearable Technology in the Supply Chain: 3 Core Benefits

Cerasis

Wearables refers to devices that are connected to an internet source and allow workers to perform supply chain tasks without the need of taking up space or additional resources, asserts Supply Chain 24/7. Since that piece of technology is connected to the Internet, which is currently tracking the inventory levels of the given supply chain entity, workers can automatically know if a product is in its proper location and ready for picking. Do you ever watch Undercover Boss?

Global Trends In Digital Supply Chain - 2019 Review

Abivin

Source ) Even though Warehouse Management System (WMS) has been playing a crucial part in supply chain management, the emergence of autonomous mobile robots in optimizing picking process has become increasingly competitive. The reasons for this growth are the continual development of Artificial Intelligence , availability of Internet accessibility, cheap and secured data storage. Artificial Intelligence plays a vital part in freight movement tracking. Source) 6.

Why investors are looking at supply chain technologies in 2020

Requis

No one’s saying we’re going to replace them any time soon, so the CFO can continue to get his financial and inventory data, but we can better manage execution decisions in transportation or a planning decision around inventory positioning using AI/ML and real-time data.”.

4 Challenges in Global Transportation Management

3rdwave

Global transportation management affects product landed cost, inventory management, customer service, and satisfaction. . Most shippers depend on a multitude of data sources to provide them with the data points necessary to have access to the status of their products and the performance of the suppliers and service providers in their specific global supply chains. Lower all-in transportation cost (see Freight Management – opportunities and challenges).