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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: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

states, obvious disruptions to supply chains and supply chain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. Up to date inventory status. Supply chain risk management

6 Supply Chain Disciplines to Enable Profitable Growth

Talking Logistics

How can supply chain management enable profitable growth? Getting to the answer requires retailers to take a broader, more strategic perspective of supply chain management, one that goes beyond defining supply chain excellence only in terms of cost reduction and control.

The 11 Transportation Service Offerings

The Logistics of Logistics

There are 11 transportation service offerings. The article listed 11 different types of transportation services and I decided to write an overview of those 11 transportation service offerings described in the article. Transportation Service Offering 1 – Small Package. Transportation Service Offering 2 – Air Cargo. Air transportation is used to transport air cargo by plane. Air transport ais a vital part of international commerce.

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. Stage 2: All about Transportation.

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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Supply Chain Risks: Which Are Top of Mind Today?

Talking Logistics

If you were to add a subtitle to every supply chain professional’s job description it would be Risk Manager or Risk Mitigator. The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt. Those were some of the major risks identified.”.

This Week in Logistics News (April 28 – May 2, 2014)

Talking Logistics

Resilinc Announces SupplyIntel Corporate Social Responsibility (CSR) Module to Protect Against Brand Risk. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). 3PL Supply Chain Risk Management Supply Chain Technology Trends This Week in News APICS C.H.

What is the Biggest Blind Spot in Your Supply Chain?

Talking Logistics

A lot of data/information is communicated in batch and serial mode, sometimes hours or days after a transaction or event occurs. Nobody really owns or is accountable for supply chain visibility and data quality management. For many companies, it’s not having good visibility to what’s happening at their supplier’s supplier (or even knowing the identity, location, or other information about their supplier’s supplier). Inland transportation in developing countries.

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.

Made in “I Really Don’t Know”

Talking Logistics

Simply put, achieving true end-to-end supply chain visibility takes considerable more time, money, and resources than many companies are investing today — and it also takes a more enlightened approach to supplier selection and management. Putting a dollar figure on poor supply chain visibility, and how the costs break down, not only helps you gain upper management support to take corrective actions, but also helps you to prioritize those actions.

5 Outstanding Transport & Logistics Book for Managers

Supply Chain Opz

Are you a transportation and logistics professional who are looking for inspiring ideas to improve the operations? This article will show you 5 amazing logistics books that provide the information you can really use. Background Previously we published the article named " 10 Greatest Supply Chain Management Books of All Time ". However, they asked "What are some good transport and logistics book you''d recommend?".

Don’t Wait for Dwell Time to Delay Your Freight

TMC

Rising container volumes, fluctuations in demand, and the constant need for just in time inventory have increased the impact of dwell time over recent years. Here are three ways that shippers and beneficial cargo owners can mitigate the risk of excessive dwell time in any port.

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5 Tips for Writing a Transportation Management Plan

Cerasis

Every transportation firm sees the utility of having a transportation management plan. It is essential in organizing activities in the transportation industry effectively and efficiently. The challenges that the transportation industry faces are enormous. Thus, it becomes inevitable for transport companies to devise a transportation management plan that factors in all these variables. C onclusion Transport management covers many variables.

Don’t Wait for Dwell Time to Delay Your Freight

TMC

Rising container volumes, fluctuations in demand, and the constant need for just in time inventory have increased the impact of dwell time over recent years. Here are three ways that shippers and beneficial cargo owners can mitigate the risk of excessive dwell time in any port. For example, customs brokers should keep you informed on container arrival times, so you can make sure that everything is in place to smooth the way for rapid clearance of the box.

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New 3PL Study: The State of Logistics Outsourcing

Supply Chain Movement

Both parties view themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9% an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. Supply Chain Risk Management.

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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.

Guest Post: Ignoring this Performance Metric is Risky

TMC

Globe-spanning supply chains are now exposed to a wider array of risks than ever before, elevating the importance of detection time as a measure of performance. Managing adverse weather conditions is part and parcel of transportation planning.

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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Don’t Fear Optimization (It’s Just a Word)

Talking Logistics

Author’s Note: The following is the forward I wrote for a new textbook published by MercuryGate (a Talking Logistics sponsor) on “ Modern Technology for Transportation Optimization ,” which is available for purchase on Amazon.com. Our transportation operations are simple and straightforward.”

Supply Chain and Logistics Predictions for 2016

Talking Logistics

more near-shoring and larger, less frequent shipments to minimize transportation costs). How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Will interest rates continue to climb in 2016, and if so, what impact will it have on inventory levels?

Why OEMs Partnering With Reputable Suppliers Deliver a Desired Product

Cerasis

As a result, inventory management processes grow more effective, making the way for both just-in-time delivery options and better customer service.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs.

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

Cerasis

Risk permeates supply chains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supply chain management, but supply chain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks. While there are thousands of possible supply chain risks in various supply chains, supply chain execs should keep these risks top of mind.

Expert Reveals 7 Supply Chain Trends to Watch

Supply Chain Opz

In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supply chain management professionals should watch. 3) Risk Management: In the past, many buyers relied on safety stock inventory to mitigate any risks or disruptions to suppliers.

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[INFOGRAPHIC] Expert Reveals 7 Supply Chain Trends to Watch

Cerasis

Many studies state that those who can manage the functions with the supply chain, they have a competitive advantage. As a transportation management third party logistics company, we know at Cerasis that transportation makes up a large portion of the costs and efficiencies of any supply chain.

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Blockchain & Supply Chain Visibility: Will Blockchain Finally Eliminate Supply Chain Black Swans?

Cerasis

Supply chain risk is at the forefront of supply chain executives’ minds. Proper risk management can help supply chains navigate the complexities of post-hurricane recovery and increase productivity. Home Depot’s work in risk management served to increase profitability in the aftermath of the 2017 hurricane season. Supply Chain Black Swans Are Perceived as Minimal Risks Supply chain black swans are considered inescapable threats.

Whitman School Collaborates with Staples to Analyze Supply Chain Management Opportunities Sparking Millennial Interest

Cerasis

It is proven time and time again that those companies who master all of the chains in the many faceted practice of supply chain management have a competitive advantage. Franklin Center for Supply Chain Management at the Martin J. Whitman School of Management at Syracuse University.

9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

Cerasis

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. o Transport—unnecessary movement of product. o Space—holding places for unnecessary inventory. Risk Management.

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7 Characteristics of A Best In Class Supply Chain

Cerasis

Today’s supply chains function as a result of extensive research into how a supply chain behaves, its chief concerns, successful risk management , diverse markets, widespread collaboration, and technological advances. With the onslaught of information on the Internet and its applications, data will prove to be an important aspect of future supply chains. Furthermore, the use of such data can be applied to creating verifiable forecasts for needs in inventory.

[INFOGRAPHIC] 5 More Supply Chain Trends To Watch Out for in 2016

Cerasis

Yesterday we began our two part series on 2016 supply chain trends that will drive supply chain management into the future. Then, as a treat, we have 10 more bonus supply chain trends for 2016 in the form of an infographic from irms 360 Enterprise, a Cloud Warehouse Management System.

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5 Pitfalls To Avoid When Selecting Supply Chain Software

Cerasis

However, some ERP systems may have extensive costs, which would easily outweigh the purchasing price of individual Warehouse Management Systems ( WMSs ) and Supply Chain Management (SCM) suites. Additionally, some ERP systems may not contain all of the functionality found within lower-level Transportation Management Systems (TMSs). How will the software benefit my inventory control measures? As your business grows, you supply chain software will need to expand.

Why Companies Need a Supplier Relationship Management Strategy

Cerasis

A vigorous supplier relationship management (SRM) strategy can assist organizations in maximizing partnership value, minimize risk, and manage costs through the entire supplier relationship lifecycle. Manage working capital. Supply Chain supplier relationship management

6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts, materials and products from the consumer back to the producer. Importance of Metrics in Reverse Logistics Management.

I Will Be Wrong Again: Supply Chain and Logistics Predictions for 2017

Talking Logistics

Here’s one of my predictions for 2016 that hit the mark: Blockchain Technology Will Make Its Debut in Supply Chain Management. Throughout this year, we’ve seen various announcements related to the use of blockchain technology in supply chain management.

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.

[INFOGRAPHIC] Industry 4.0: Powered by the Internet of Things & Digital Manufacturing

Cerasis

We feel as we keep our eye on what our customers are faced with, we can better understand their needs and develop transportation management thru technology and services which align to the best possible outcomes desired by shippers.