SCMDOJO

APRIL 22, 2024

As recent times have shown us, political matters across the world can have an impact on shipping routes, thus affecting the prices of goods all around the world. The price of container freight rates surged while the entire world was having to deal with delays. Consumers dealt with skyrocketing prices and unprecedented shortages.

Inventory Reduction 77

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 77

Supply Chain Matters

JULY 15, 2022

The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer. Containers of fitness equipment shipped from Asia were delayed by major port and inland logistics disruptions. port backups, which added to overall costs and diluted margins. .

Sourcing Strategies 105

Sourcing Strategies Cost Reduction Strategies Expense Reduction Inventory Reduction 105

Freightos

DECEMBER 5, 2016

Freight Prices Going Forward. But even though this is effectively limiting production of 1% of the world’s global oil supply , it won’t impact freight prices. Looking back at ocean freight prices as a function of Brent crude oil in 2015, the correlation between fuel prices and freight prices is minuscule (-0.2

Price Reduction 120

Price Reduction Freight China Turkey 120

Elementum

OCTOBER 15, 2015

This should keep prices low and shipping lanes open. A shorter monsoon season in Indonesia, the Philippines, and Malaysia will help miners procure more materials, used heavily in the electronics industry. Typhoons can disrupt air and ship travel in Southeast Asia. Food prices will likely skyrocket. Rice shortages in the U.S.

Indonesia 60

Indonesia Philippines Australia Asia 60

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Accenture ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Game Changer

AUGUST 30, 2022

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. The concept of using Total Cost of Ownership models to inform Procurement sourcing decisions is to take all of these different factors in to account, beyond just price. Subscribe to Supply Chain Game Changer.

Optimal Sourcing 103

Optimal Sourcing Purchasing Skills Manufacturing Procurement Negotiating Skills 103

Supply Chain Game Changer

JANUARY 18, 2022

Low cost labour far outweighed any concerns about increased shipping costs, delivery times, loss of line of sight control, or issue resolution delays due to distance. With responsibility for Global Commodity Management and Procurement, and the sourcing of billions of dollars of goods and services, I saw this dynamic play out first hand.

Manufacturing Procurement 93

Manufacturing Procurement Sourcing Strategies Cost Reduction Strategies Optimal Sourcing 93