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Fed up with cargo congestion, freight forwarders flee O’Hare airport

The Supply Chain Journal

Major gateways like O’Hare are used to a mix of traffic, including scheduled freighters and frequent international passenger flights that bring freight in smaller chunks. The wave of freight that’s come through in the last couple of months has just been enormous.

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Guest Post: Ignoring this Performance Metric is Risky

TMC

For instance, when a disaster such as a hurricane, a labor strike, or a bankruptcy disables key suppliers, quick-moving enterprises are able to lock in alternative sources of supply before their rivals. A major freight company employs a team of meteorologists that works closely with its flight dispatchers and contingency coordinators, for example. There is growing interest in incorporating weather forecast data from a variety of sources into supply chain planning.

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Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). However, in order for these advanced systems to function effectively requires that Supply Chain Professionals seek out and find the most accurate and diverse possible sources of useful data on all aspects of their supply chains.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Unloading of local freight and de-stuffing and palletising of international freight. Ambient and/or temperature-controlled storage of supplier freight. Phoenix Freight: 3PL and 4PL Provider. Another provider of note is Phoenix Freight, which is based at Port Botany.

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. Sources: FBX and SGX. Freight Insights Logistics Technology

‘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.

Supply Chain Scams and Fraud!

Supply Chain Game Changer

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! One of our most popular articles is Freight Forwarding scams. Source: bestbusinesscircle.com. Finance Freight and Logistics Inventory Management Procurement Risk Management Supply Chain Management

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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.

7 Easy Steps to Create an Inbound Vendor Routing Guide

GlobalTranz

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. This includes accounting for variances in freight classification and cost due to increasing use of dimensional (DIM) pricing models. Remember “Security Patch Tuesday?”

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).

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.

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.

7 Incredible Benefits of Cloud-Based Logistics Management

GlobalTranz

The cloud-based supply chain software can be customized to suit your industry, your transportation , freight-forwarding and warehousing specialty, import-export regulations. Managers can control the operation efficiently as the relevant information comes from different sources, timely and all the members have access to its current updates. The cloud-based logistics has lots of metric tools. The increase of security level for such systems is expected.

So what is materials management? Here’s a guide to the basics

Unleashed

Materials management involves the sourcing, procurement, storage and utilisation of direct or indirect materials (see below) used in the manufacturing process. Basically, if a manufacturer can’t secure its materials on-time, it can’t produce its products and therefore make money.

How to implement a supply chain management system

Unleashed

Industry leaders predict that in the coming years, more businesses will adopt fully integrated, digitized solutions in order to streamline their activity and secure a competitive advantage. . When freight charges vary, margin visibility can suffer.

The Global Supply Chain is Evolving – Are you ready?

MAVES

Their concerns include: infrastructure, economic stability, freight and supply chain transparency, tax regulations, security, and cross border shipping details. This in turn changes the concerns of the 3PL including: workforce readiness, freight and supply chain transparency, just in time and efficient services, regional / global networks and the delivery of services that meet both their partner’s and their client’s high expectations. Advanced Analytics / Metrics.

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50 expert tips on supply chain management

6 River Systems

“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.

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. Let it be your number one priority by respecting security standards and preventing possible injuries.

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.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

RFID tags and robotic warehouse systems generate and transmit data that, when combined with other data sources, allow companies to optimize the supply chain and make better predictions and forecasts to improve efficiency and boost the bottom line. They can also be used to track the provenance of adulterated products to identify the source. Mobile apps can generate reports and monitor performance metrics. Instant freight pricing for international freight moves.

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. Freight capacity — how long will equilibrium last? He has handled multiple accounts for utility sites that require consolidation of vendor freight and expedited shipments.

50 expert tips on logistics planning and strategy

6 River Systems

By getting to grips with issues such as suppliers’ creditworthiness, payments history, data security and their own supply chain resilience, you can build a much more in-depth picture of any threat they may propose — and manage the danger accordingly. “Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response.

50 expert tips on improving warehouse efficiency & productivity

6 River Systems

” — The 5 Best Ways to Increase Warehouse Efficiency , Freight Cowboy; Twitter: @freight_cowboy 4. “A warehouse management solution can help you to track the right things, such as metrics, directly linked to profitability and efficiency. Secure the warehouse. Orders are put together faster, and freight expenses are consequently lowered.”