How to Gain an Advantage in Challenging Times

ivalua

For procurement and supply chain professionals, the biggest takeaway from 2020 is that no matter how hard you try, you cannot predict the future. This was easier said than done for some, with a lack of digitalisation in procurement hindering teams’ ability to support the business.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. And, what are some of the key factors retailers need to consider when developing their transportation plans? Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

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Sourcing Tips: How to Find the Right Food Service Supplies

AFFLINK

It's important for any business to begin with the right suppliers — but it's even more important for those in the food services industry. Food service companies need to be able to procure supplies quickly in order to operate, and the cost of their supplies directly impacts their bottom line. When operating with lean profit margins, it becomes even more important for companies to improve their supply chain. Will you be able to replace them with identical chairs?

Best-Cost vs. Least-Cost Sourcing

Talking Logistics

The “reshoring” of manufacturing operations from China and elsewhere to the United States continues to make headlines. Back in December 2012, for example, Apple announced that it is investing $100 million to build some of its Mac products in the US. A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. One is the thought process around best-cost sourcing versus least-cost sourcing.

Point-of-Danger ICE Raids and Audits

Speaker: Max Muller, Attorney and Author

Supply chain managers should constantly be on guard against forces that could cause a significant point-of-failure in or to their supply chains. The sudden loss of a workforce is an evolving danger to those who provide raw materials, subassemblies, finished goods, and/or necessary services to supply chains; and to entities requiring those items or services. Join Max Muller for this timely, fast-paced and guidance rich webinar that will educate you on the specific steps involved in undertaking your own internal audit, as well as providing you with guidance on what your major and/or sole source suppliers should do as well.

How to Reduce Product Damage During Shipping

Cerasis

Editor's Note: Today's blog is from Cindy Banker with ProCorr Display and Packaging who is bringing us some great insight on how to reduce product damage. If you are a product manufacturer, you know all too well the perils of shipping products from your factory or warehouse to a DC or retailer. In this article, we have highlighted the most common, but often overlooked elements to consider. How you pack your products in the box is key to product damage control. .

How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. When you break it down, Jeff Bezos figured out how to do three seemingly contradictory things at once: deliver exceptional service levels, at the lowest cost possible, and manage complexity.

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White Paper: Strategic Sourcing in the Aviation Industry – How to Increase and Accelerate Savings

Bristlecone

In aviation, strategic sourcing can reduce the cost and fix the nuts and bolts of existing processes with the help of a well-performing sourcing team. It also helps companies develop the opportunity to better manage their global network of suppliers, build new procurement models and improve speed to market. Low-Cost Country Sourcing.

7 Pitfalls of Stalled IBP Initiatives and How to Overcome Them

AIMMS

Integrated Business Planning (IBP), as defined by its creators at Oliver Wight , is “the business planning process that extends the principles of S&OP throughout the end-to-end supply chain, product, service and customer portfolios, customer demand and strategic planning, to deliver one seamless management process.” When done properly, it also allows organizations to predict and respond to changing conditions quickly. IBP ownership belongs to the CEO.

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How to Get Started with Value-add Forecasting (Part 2)

Logility

So, the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. Here are a few steps that you will need to take to deploy your forecasts successfully. In far too many cases, forecasts are done as a fishing expedition where analysts run the data through predictive algorithms to see what “pops.” These types of models are doomed to fail.

How Sourcing has Reemerged in a Covid-19 World

Jaggaer

For the first three months after Covid-19 hit, virtually every sourcing project , in every sector , was put on hold while companies tried to assess the situation and how best to deal with the epidemic. Diversify Your Sourcing Needs. COVID-19 Sourcing

How to interpret demand-sensing data

The Network Effect

Demand Sensing can import demand data on an hourly rather than a batch or daily basis, immediately sensing demand signal changes as compared to a detailed statistical demand pattern, and then evaluates the statistical significance of the change. Advanced statistical analytics identify and rapidly react to replenishment issues or sudden changes in customer demand. However take care not to misinterpret the data. Nic McPhee/Flickr.

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How To Improve Shippers' Communication With Carriers And Customers?

Abivin

With increasing demand from consumers, the FMCG industry needs to respond to customers’ demands in a limited amount of time without loss of quality [1]. Facilitate real-time communication. ,, Image source. Automate routine procedures to reduce complexity.

How to Move Forward with Reverse Logistics

Talking Logistics

Everyone has experienced this scenario: a great event is planned in advance, a timeline is set with a predetermined flow of the party, from when guests arrive to the food and music, all the way to their departure at the end of the evening. The same goes for many planned and well-organized supply chain processes – they carry with them the threat of unplanned and unintended events, especially when moving product from the point of origin to its final destination.

How to Find Business Opportunities Amid the Coronavirus Supply Chain Crisis

ToolsGroup

A common reaction seems to be to close shop, hoard toilet paper and canned goods and expect the worst. During each crisis, some companies retreated and waited for a clear sign to return to normal; other companies were able to “win in the turns”, as Gartner puts it. Each has had their share of success because they were savvy enough to not retreat and hide. The opposite result happened to one of my former employers.

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How to Thrive in the Upcoming Holiday Capacity Crunch

MercuryGate

The holiday peak season has always been a source of revenue growth and stress for the supply chain. And 2020 is shaping up to change the game forever. The post How to Thrive in the Upcoming Holiday Capacity Crunch appeared first on MercuryGate International.

How to Integrate with Industrial Internet of Things Technologies

Cerasis

As advances in technology make it more cost-effective to deploy IIoT, industries will need to acquire a strategic approach to integrating new sensor data with pre-existing data environments. Now, more than ever, industries are seeking simple integrations with controls, automation, and data analytics visualization software to harness the power of the Industrial Internet of Things and realize attractive operational and competitive benefits for their business.

How to Optimize Port Throughput in Global Supply Chains

The Network Effect

Ports play a critical role in international trade, yet they remain major sources of friction in global supply chains. The post How to Optimize Port Throughput in Global Supply Chains appeared first on The Network Effect. It’s. Global Trade Logistics Supply Chain Management global supply chains global trade ports shipping

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How to prepare for a transparent supply chain in 2021

SupplyShift

When the pandemic hit, most people expected sustainability efforts to take a back-seat role. On the contrary, companies seem to be more focused than ever on driving sustainability in supply chains. Luckily, most businesses understand how urgently they need transparency.

How to Protect Your Supply Chain from Cybersecurity Vulnerabilities

OneSCM

According to a survey conducted by the Ponemon Institute , 56 percent of organizations have had a breach caused by one of their vendors. And let’s not forget Target’s 2013 breach of 17 million customer’s data that came about because of a lax security of an HVAC vendor and cost the company close to $90 million. It’s vital for businesses and organizations of all sizes to mind these vulnerabilities.

3 Limitations of e-Auctions and How to Overcome Them

ProcurePort

Did you know that reverse auction software can help you save 18 to 40% on addressable spend? Buyers are always looking for ways to reduce sourcing fees and the e-auction system provides such a platform.

How to Attain “Stage 4” Supply Chain Planning Maturity

ToolsGroup

Gartner has identified five stages of supply chain planning maturity and they say that 70-80% of companies plan to increase their supply chain planning (SCP) technology spend over the next two years to climb to the next level. In their recent report titled Carefully Assess Which Tools Are Right for Each Stage of Supply Chain Planning Maturity (20 October 2017, Tim Payne & Amber Salley), the analyst firm describes the right tools to get from one level to the next.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Lean is a challenge to implement.

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How to Move Beyond Spreadsheets

SupplyPike

Excel can’t hold a flame next to the modern, cloud-based retail analytics platforms that are now available. Ready to dump spreadsheets once and for all? Excel offers virtually no advanced reporting capabilities or option to view the encompassing picture of your supply chain. This lack of top-view reporting typically forces users with little data analysis experience to rely completely on analysts to do all the heavy lifting.

Resiliency of Your Supply Chain – And How to Improve it.

Adexa

Covid-19 has been a good lesson for most companies to bring to surface the vulnerability of their supply chains. In addition, companies face supply chain issues due to demand fluctuations, supply disruptions and transportation issues almost on a day to day basis.

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Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. Keep it Simple : It’s important to not over complicate things.

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How to Design a Successful Apparel Supply Chain

Logility

Planners need to contend with inconsistent consumer buying behavior, the need to satisfy multiple channels, complex sourcing options and proliferating “sub-seasons,” collections and assortments. These are just a few of the challenges apparel manufacturers and retailers must overcome to operate at peak performance and compete in today’s dynamic market. Here is a four-step approach to help you jumpstart your supply chain results.

Sourcing and Procurement in Supply Chain Management

EC Sourcing Group

Sourcing and Procurement in Supply Chain Management. The terms “ sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. It refers to the entire process of sourcing and contracting with suppliers to gather all of the services and goods you need to make that final product. Sourcing is but one step in the procurement process. The accounting department then has to review the PO.

Expert Explains How to Improve Supply Chain Efficiency

Supply Chain Opz

Over the years, supply chain professionals have been trying to improve supply chain efficiency so they can gain an edge over the competitions. Companies seeking to further improve their supply chain efficiency will have to continue fighting their old foe – variability – albeit in a set of new clothes. One emerging way to combat demand variability is to locate (some) manufacturing closer to the customer.

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How to Reduce Fraud in Logistics

Shipchain

So many resources are wasted on trying to negate the issues, and although numerous risk analytics systems have been developed to try to improve the situation, nothing has proven foolproof. Blockchain technology may be the closest thing we have to a solution, and therefore, it has the potential to drastically change the industry as we know it. It could be financial abuse, theft, or illicit transactions such as bribery, just to name a few.

How to Use Big Data to Improve Supply Chain Visibility

Talking Logistics

According to a July 2014 supply chain research study from Accenture focused on Big Data and supply chain risk management, most organizations have high hopes for using big data analytics in their supply chain but many have had challenges in deploying it. There are a number of challenges when adopting and deploying a data analytics solution, and it’s important for organizations to clearly define their goals and objectives before embarking on this endeavor. to P.O.D).

How To Choose Transportation Mode In Logistics

Abivin

A company cannot function well without being able to ship products across the supply chain. It also allows companies to cross geographic lines between where products are produced and where they are consumed. In logistics, transportation can be defined as a function of planning, scheduling and controlling activities related to mode, vendor, and movement of inventory into and out of an organization. To simplify this method, take a postal organizations for example.

LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

Cerasis

Black swans in the supply chain refer to unexpected, unusual disruptions within the supply chain, reports Melanie Nuce of Inbound Logistics. For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.

How to boost relationships between shippers and 3PLs

DELMIA Quintiq

This increases the urgency for 3PLs to leverage on the best market trends to increase logistics flexibility. This is due to the diversification in the production schemes of manufacturers. On the other hand, there is always the demand to deliver on the highest level of quality possible. So, a lot of manufacturers require 3PLs to agree to service levels that are challenging for large operations. How would that impact their current operations?

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Chinese New Year Shutdown 2020: How to Prepare

ShipBob

The upcoming Chinese New Year is on January 25, 2020, but the holiday shutdown can affect production times at China’s manufacturing companies for as long as two months as many workers travel back to rural villages to celebrate with friends and family. For those of us who rely on shipping and manufacturing businesses, the Chinese New Year shutdown is an event that we need to be aware of (and prepared for) in advance to avoid delays that could be catastrophic to our businesses.