Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

Cerasis

This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out.

Supply Chain Risk Management and Rocket Science

Logility

I became very familiar with risk management early in my professional career. As in the aerospace industry, pushing the supply chain envelope involves increased risks that need to be analyzed and mitigated, if possible, or at least planned for.

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Lillian Ablon, an information scientist at the RAND Corporation, told Koebler and Cox, “Supply chain risk management is difficult enough for conventional threats (disruptions in operations caused by natural disasters, financial failures, poor quality, etc.).

Risk Management: Is 2018 the Year of Living Dangerously?

Enterra Insights

It has also always had issues: supply chain complexity; global competition; information collection challenges; and greater risk from global events including natural disasters, port closures and anti-global sentiment. ” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. ”[2] Those risks are: 1. As we step into 2018, enterprises must realize the risks associated with their IoT ecosystem.”

How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

Peak season for ocean freight shipping is underway. That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. Our proprietary Risk Calendar envisions times of the year when disruptions may occur, and why.

Freight Data Trends for 2019 and How a TMS Will Grow in Value

Cerasis

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause.

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7 Challenges Facing Supply Chain Leaders in 2019

CHAINalytics

Blog Feature Integrated Demand & Supply Planning Managed Analytics S&OP Supply Chain Design Supply Chain Operations Transportation Cost-to-Serve E-Commerce ELD Freight Capacity freight transportation IBP macroeconomic trends make or buy network optimization Omni-channel risk management segmented planning supply chain alignment supply chain innovation Supply Chain Network Design supply chain segmentation supply chain technology talent management

Top 10 Talking Logistics Videos and Posts in 2017

Talking Logistics

Unlearning Supply Chain Management. The Best is Yet to Come with Transportation Management Systems. The Business Case for Freight Visibility. Managing Supply Chain Risks: The Role of Digitalization and Cloud Technology (tied for 10th).

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Guide For Supply Chain Risk Management - How to Identify, Validate, and Assess

EFT

Insurance companies talk about supply chain risk in terms of assets. These diverse interpretations make identify risks more challenging. Surprisingly, many supply chain risk discussions exclude the actual supply chain. As a result, they overlook risks. Company management.

This Week in Logistics News (April 1-5, 2019)

Talking Logistics

Speaking of supply chain risk management, Transplace (a Talking Logistics sponsor) announced this week a partnership with Riskpulse “to enhance real-time, predictive risk analytics capabilities.” “I’m worst at what I do best.”.

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Wanted: Supply Chain Architects!

Supply Chain Shaman

When I moved into industry, and the real world, I managed engineering teams. Each project would usually have a cool name, and management exposure. Manufacturing is the foundation of my interest in supply chain management.

Don’t Wait for Dwell Time to Delay Your Freight

TMC

Here are three ways that shippers and beneficial cargo owners can mitigate the risk of excessive dwell time in any port. A transportation management system (TMS) can be used as a communications hub to maintain a high level of supply chain connectivity.

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A Tipping Point?

Supply Chain Shaman

For the larger supply chain (the larger freight infrastructure of the North American market), I worry. While both Kraft and Heinz are under performing (Kraft has a low ROIC and Heinz is below the industry average in both operating margin and inventory turns) , there is M&A risk.

Countdown to Black Friday: Are You an Easy Target for Cargo Theft?

Talking Logistics

But while we are in the midst of a season notorious for a spike in cargo thefts , there are a few precautions you can take to protect your freight. Remember that freight at rest is freight at risk. Christopher McLoughlin is Risk Manager at C.H.

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Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

The new CEO embarked on several cost reduction initiatives in conjunction with a number of changes (some may argue too fast and too soon) on how the company operates its freight-trains. The post Supply chain risks: The knowable unknowns that can hurt your supply chain!

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

Are you attending the Council of Supply Chain Management Professionals (CSCMP) Annual Conference later this month (September 25-28 in Orlando, FL)? New Transport Mode to Redefine Freight Movement. July 2016 Freight Transportation Services Index (TSI).

Tips to Minimize Your Risk of Freight Damage

PLS Logistics

No one likes damaged freight. Freight claims are usually time-consuming and, honestly, quite unpleasant to deal with. Let’s be realistic – it’s impossible to avoid freight damage altogether. Can we do anything to minimize the risk and reduce unpleasant experiences? Freight Claims Risk ManagementNot only does it cost money and relationship with your customers, but also adds more stress and pressure to your daily operations.

This Week in Logistics News (February 23-27, 2015)

Talking Logistics

DHL launches next phase Resilience360 risk management tool to help customers avoid global disasters. December 2014 North American Freight Numbers. Among 3PLs, DHL is arguably one of the leaders in providing risk management capabilities and insights to clients.

This Week in Logistics News (June 23-27, 2014)

Talking Logistics

In other news… Supply Chain Risk Management Now a Priority for Most Businesses ( Accenture ). April 2014 North American Freight Numbers. Several reports have been published in recent years underscoring the growing importance of supply chain risk management.

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This Week in Logistics News (January 19-23, 2015)

Talking Logistics

LLamasoft and CHAINalytics Partner to Provide Integrated Access to Freight Market Intelligence. Teamsters lose another vote at FedEx Freight facility (Reuters).

Enabling Supply Chain Flexibility: Two Important (But Often Overlooked) Factors

Talking Logistics

In light of these risks, developing a flexible supply chain is the best strategy for success, but what does that mean exactly and how can companies get there? That was the central question Matt Castle, Director of Air Freight Services at C.H. 3PL Episode Highlights Global Trade Management Supply Chain Risk Management Transportation Management C.H. Robinson freight forwarding supply chain flexibility

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Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

My prediction from two years ago that blockchain technology would make its debut in supply chain management continued to blossom into reality in 2017, with the following headlines making the news in just the last few months: SAP Blockchain Initiative Expands to 27 Members.

Combating the Growing Risk and Uncertainty of Global Trade

Talking Logistics

Globalization for any growth-oriented company represents a significant opportunity, but it obviously comes with a tremendous amount of associated risk,” said Matt Castle, VP of Global Forwarding Products and Services at C.H. How do you combat this growing risk and uncertainty?

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This Week in Logistics News (June 20-24, 2016)

Talking Logistics

April 2016 North American Freight Numbers. Cass Freight Index Report – May 2016. In other news, The Council of Supply Chain Management Professionals (CSCMP) released its 27th Annual State of Logistics Report, which revealed that “total U.S.

This Week in Logistics News (January 4-8, 2016)

Talking Logistics

INTTRA Collaborates with JDA Software for Streamlined Transportation Management. LoJack SCI and TransVoyant Partner to Deliver Supply Chain Risk Alerting. Transervice Announces Launch of Tech-Based Freight Management Company.

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Listen to El Niño: Why Developing a Flexible Supply Chain Matters

Talking Logistics

In light of these risks, developing a flexible supply chain is the best strategy for success, but what does that mean exactly and how can companies get there? That is the central question Matt Castle, Director of Air Freight Services at C.H.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Change is inevitable in modern supply chain management, and risk management is essential to success. Risks evolve and become more prevalent with time. Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value.

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

However, the needs of the modern shipping industry have reached an optimal point, and the only way to further push the envelope is by using a dedicated transportation management system (TMS). The Ideal TMS Helps Complete Warehouse Management. The ideal TMS can maximize the efficiency of a warehouse and directly affect inventory management. As a result, the amount of inventory can be managed to reflect the consumer demand. Freight Consolidation.

Citations of Excellence Awards 2016

SCM Research

The Reduction of Greenhouse Gas Emissions from Freight Transport by Pooling Supply Chains. Data Science, Predictive Analytics, and Big Data: A Revolution That Will Transform Supply Chain Design and Management. Research Theory Supply Chain Management Supply Chain Risk Management Article Supply Chain Sustainability Award Technology

This Week in Logistics News (November 11-15, 2013)

Talking Logistics

Freight Shipments Rose 0.8% University of Maryland Selects Resilinc as Supply Chain Risk Partner. Lots of interesting news to discuss today, so let’s go straight to it. Descartes Unveils Same-Day Delivery Optimization Technology.

Identity Theft, Trucking Style

Talking Logistics

Then the con artists offer low bids to freight brokers who handle shipping for numerous companies. Here are my three simple tips to prevent cargo theft in general (or at least minimize the risk): 1. The longer a loaded trailer or container sits unattended, the higher the risk for theft. And you should collect data on where (and for how long) loaded trailers/containers sit along your supply chain to understand where you face the greatest risk for cargo theft.

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Expect the Unexpected: Planning Supply Chain Contingencies for Unpredictable Events

TMC

In previous posts , we’ve explored ways to prepare for supply chain disruptions that are predictable using the rich functionality of modern transportation management system (TMS) technology. In today’s uncertain world, supply chains are more sensitive than ever to unplanned risks.

New 3PL Study: The State of Logistics Outsourcing

Supply Chain Movement

Respondents are investing in warehouse management systems (58%), enterprise resource planning software (54%), transportation management systems (54%), supply chain visibility (43%), warehouse management system add-ons (33%) and RFID (21%). Supply Chain Risk Management.

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4 Tips to Ensure the Upcoming Eclipse Doesn’t Leave Your Supply Chain in the Dark

TMC

From hurricanes to cyber-attacks, supply chain managers have to anticipate and manage the impacts of unplanned disruptions. These initial discussions provide an opportunity to review your freight plans and how transportation schedules might need to be adjusted.

Supply Chain Disruptions? Everything’s Clearer with the Right TMS Technology

TMC

Raw material shortages lead to delays in production, which decreases your lead time and makes your freight more critical than usual. There is suddenly a need to know—in very specific detail—the answers to questions like: Where is my freight? Risk Management TMS Technology