GlobalTranz

NOVEMBER 19, 2018

That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995.

Supply Chain Risk Management 189

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Enterra Insights

JUNE 9, 2020

For years I’ve been writing about the importance of supply chain risk management and how it’s often given short shrift in business discussions. Today, ears are no longer deaf to the topic of supply chain risk management. Third, this is a good time to review and update emergency plans and contact information.”

Supply Chain Risk Management 100

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Supply Chain Game Changer

JANUARY 30, 2020

Around a decade ago, the main risks were component shortages, supplier failures and commodity price volatility, though by 2017, these had evolved into three distinct groups including: IT security incidents Supplier facility destruction due to natural disaster Geopolitical concerns such as war and terrorism. Case Building for Risk Management.

Supply Chain Risk Management 71

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Enterra Insights

OCTOBER 10, 2018

.” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Smith insists, “The business case for supply chain risk management investment needs to be made convincingly and robustly to justify investment.”

Supply Chain Risk Management 100

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The Logistics of Logistics

JUNE 1, 2022

Mario is the Chief Technical Officer at Reliance Partners , a commercial insurance agency specializing in risk management solutions for the transportation and logistics space. Mario Paluzzi is Chief Technology Officer of Reliance Partners , a top ranked commercial insurance agency specializing in Logistics and Transportation.

Logistics Network Optimization Software 230

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GlobalTranz

APRIL 30, 2015

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. Enhancing Supplier Risk Management Through On-Site Evaluations.

Risk Management 120

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GlobalTranz

FEBRUARY 23, 2016

Supply chain risk management and resiliency are hot-button topics in the industry. However, minute supply chain entities do not understand how resilience relates to risk management and what it means for improving focus on the supply chain. Role of Supply Chain Risk Management. An earthquake could occur.

Supply Chain Risk Management 120

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Talking Logistics

SEPTEMBER 3, 2014

When it comes to managing global supply chains, international transportation is where the rubber meets the road. But as many companies quickly find out, managing international transportation is very different from managing domestic transportation. Here’s what he said: It starts with sourcing.

Transportation 168

Transportation Company Supply Chain Visibility Risk Management 168

Supply Chain Shaman

DECEMBER 7, 2023

Expand the “FLOW” program for logistics information sharing to forecast transportation flow. I believe that the ASCM definition is too reactive and rooted in the traditional, and outdated concepts on risk management. I am currently doing research on inventory management. Today, this is not the case.

Supply Chain Design Software 303

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Supply Chain Matters

FEBRUARY 14, 2024

Supply Chain Matters provides our latest update regarding the Red Sea Transport disruption impacting transport movements to and from European and Asian ports. Accurate, timely and proper context of data and information supporting an integrated business-wide operating plan. Our prior published update was on January 19 th.

Transportation 52

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Logistics Viewpoints

APRIL 22, 2021

Emerging technologies play a role in managing disruption and are driving change in the transportation and logistics industries. Systems infrastructure – Cloud and improved information sharing through social and business networks, often enabled by blockchain. Information Driving the Transformation of Value Chains.

Supply Chain Disruption 327

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Talking Logistics

MARCH 25, 2024

But only if we have enough electricity to power it all, which is a big question mark (and risk) at the moment. According to research conducted by The American Transportation Research Institute (ATRI), published in December 2022, “Domestic. Read more The post Do We Have Enough Electricity to Power the Future of Supply Chains?

Supply Chain Software 239

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Talking Logistics

NOVEMBER 13, 2014

We know transportation plays an important role in the supply chain – it’s the line in a flow diagram between the little buildings and smoke stacks – and transportation disruptions happen on a daily basis. Visibility. The ability to oversee the activities and events associated with your shipments is the first step.

Supply Chain Planning Software 202

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The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Source: IDC, Future Enterprise Resiliency & Spending Survey – Wave 2, April 2023 In a supply chain context, knowledge management applications refer to the use of generative AI to capture, store, organize, and leverage large datasets and insights generated throughout the supply chain processes.

Optimal Sourcing 244

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SupplyOn

JULY 13, 2020

A holistic supply chain risk management helps to better brace yourself for all the eventualities of the future The current coronavirus crisis clearly shows how vulnerable and susceptible to disruption supply chains are today. In this context, supply chain risk management plays a major role.

Supply Chain Risk Management 40

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SupplyOn

NOVEMBER 29, 2018

The success formula for efficient risk management: Tear down the silos and consolidate your data first Nowadays, everyone is preaching that data is the new oil. And yet: without data consolidation there can be no reliable results for risk assessment. But unlike oil, it’s not (just) the sheer output volume that matters here.

Sourcing Strategies 40

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MIT Supply Chain

JUNE 12, 2014

Also compounding the risk of economically damaging stoppages is the fact that while supply chain resilience has attracted much interest over recent years, port resilience has not garnered much attention. For more information on the port resilience research currently underway at MIT CTL contact James B. RICE JR, J.B.,

Risk Management 61

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GlobalTranz

NOVEMBER 23, 2015

This is our 9th post in our strategic transportation management and logistics series. When selecting a transportation mangement 3PL to aid you in a robust and effective transportation management strategy , defining the rules of engagement is critical to success. Do you even first understand your own needs?

Inventory Reduction 120

Inventory Reduction Transportation Management 3PL Price Mitigation Strategies 120

Supply Chain Matters

FEBRUARY 23, 2023

Background Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. Our specific prediction was that manufacturers and retailers will exercise considerable pressure on carriers for re-negotiating existing transportation and logistics contracts. All rights reserved.

Negotiating Skills 52

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Supply Chain View from the Field

APRIL 20, 2015

The theme of the general meeting will focus on a topic of great interest to supply chain professionals at every level of the organization: “ Creating a Supply Chain Risk Management Capability.”. To address these concerns, organizations are devoting more attention and resources to create a supply chain risk management capability.

Risk Management 60

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GlobalTranz

JANUARY 16, 2018

For example, more manufacturers are likely to begin the process of outsourcing services and transportation to 3PLs. From 3PL partnerships to more information exchange between procurement and manufacturers, collaboration will effectively reduce costs, increase productivity, boost efficiency and reduce errors.

Manufacturing Procurement 215

Manufacturing Procurement Price Reduction Manufacturing Waste Reduction 215

The Logistics & Supply Chain Management Society

JULY 16, 2023

Raw food products continue to grow but the challenge starts when the producers or farmers cannot get it delivered to market due to high logistics cost including packaging and transport. In adverse situations, the infrastructure can be damaged or certain movement restrictions can make it difficult to transport goods and supplies.

Supply Chain Planning Software 130

Supply Chain Planning Software Food Supply Chain Software Agile and Lean Supply Chain 130

Logistics Viewpoints

SEPTEMBER 27, 2023

Second is strategic cargo theft, which uses deceptive means to commit theft, including the use of fraud and deceptive information to trick brokers into giving up a load. Scott Cornell, transportation lead and crime and theft specialist at Travelers, outlined how strategic theft works. Implement in-transit security measures.

Cargo 238

Cargo Supply Chain Planning Software United States Pharmaceutical 238

GlobalTranz

SEPTEMBER 23, 2021

Talent shortages, especially limited drivers, will exacerbate the capacity crunch and result in shortages across warehousing and transportation simultaneously.? . Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation. are liable?network

Prescriptive Analytics Software 308

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Supply Chain Opz

OCTOBER 27, 2013

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 ".

Six Sigma 100

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ivalua

SEPTEMBER 8, 2022

Originally published on Risk Management Monitor. A better way of looking at those relationships is as partnerships—albeit ones that require management and alignment of objectives first and foremost, but ultimately mutually beneficial relationships. Structure a plan to gather complete information about all your suppliers.

Manufacturing Procurement 130

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SCMDOJO

APRIL 22, 2024

Delays Delays happen when ships are involved, or even when a vehicle transport company is involved like A1 Auto Transport. Create better relationships with suppliers The more you speak with suppliers, the better of an idea you’ll get for how they operate and how you can implement that information into your business.

Inventory Reduction 77

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 77

Supply Chain Shaman

NOVEMBER 15, 2023

The second is, Why are companies focused on traditional risk management investments primarily focused on supply/procurement when the more significant opportunity is balancing risk and opportunity in an increasingly complex world? Which gets me to the question, “What is supply chain management?

Supply Chain Planning Software 386

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DELMIA Quintiq

AUGUST 7, 2023

Enterprise risk planning: In a highly disruptive business environment, more effective risk management has become a necessity for companies. Consistent validation of all transported and received materials to ensure better traceability and quality assurance.

Material Savings 156

Material Savings Agile and Lean Supply Chain Manufacturing Procurement Inventory Reduction 156

TransAudit

SEPTEMBER 27, 2023

Furthermore, a rigorous vetting process for transport staff coupled with continuous training can prevent insider jobs. Conducting Regular Risk Assessments Security isn’t a one-time task. Collaboration and Information Sharing A unified front is stronger than isolated efforts. Reporting to authorities should be prompt.

Cargo 98

Cargo Price Reduction Supply Chain Planning Software Analytics Software 98

Enterra Insights

JUNE 30, 2022

As supply chains continue to garner negative headlines — thanks to snarled transportation systems, closed factories, and product shortages — supply chain professionals are facing a future in which severe weather will continue to give them headaches. ” • Transfer risk with insurance. ” • Transfer risk with insurance.

Supply Chain Planning Software 130

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The Logistics & Supply Chain Management Society

JULY 16, 2023

These changes can be categorized into various types, including shifts in supply and demand patterns, geopolitical developments, environmental concerns, advancements in information technology, and talent shortages. Supply chains must adapt to mitigate environmental risks, reduce carbon footprints, and adopt sustainable practices.

Agile and Lean Supply Chain 130

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Logistics Viewpoints

MARCH 2, 2022

The country’s major service export sectors include air transport; business, professional, and technical services; sea transport, and information services. I was unaware of Ukraine’s prominent air transport presence. However, Ukraine’s service economic is substantial as well. International shipping has faired well so far.

Ukraine 232

Ukraine Russia Supply Chain Sourcing Strategies 232

Talking Logistics

NOVEMBER 23, 2015

Robinson , will discuss the following trends and questions: Economic Growth : How to manage costs in a slow-growth environment? Transportation Market : What are some creative solutions to managing transportation spend and capacity more effectively? Risk Management : Is outsourcing a risk management strategy?

Trends 100

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Logistics Viewpoints

FEBRUARY 26, 2024

Cooper University Health Care Selects Interos Over the past 15 years, modern risk management platforms have evolved. Buying organizations use this technology to monitor and analyze supplier risk events in real-time. Do you have a contingency plan for transportation emergencies? Well, we can’t work like that.”

Supply Chain Planning Software 248

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GlobalTranz

FEBRUARY 4, 2019

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.

Supply Chain Planning Software 120

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BlueYonder

OCTOBER 4, 2022

The answer lies in seeing, and mitigating, the real risk posed to supply chains by extreme weather, grid shutdowns, flooded ports and other disruptive events. Quantifying the Threat With Luminate Risk Manager. Climate-Related Risk: An Unfortunate Business Reality.

Optimal Sourcing 81

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