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. This involved in some cases, diverting some inventory bound for other regions. Up to date inventory status. The post Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster? Supply chain risk management

Time to Survive and Nexus Supplier Index: New Measures of Supply Chain Risk Management

Talking Logistics

Over the past two years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping. See for example: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management. Many Companies Falling Short on Supply Chain Risk Management. In addition, new software applications are also emerging to help companies manage this process.

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Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

In thinking about the show and its construct I thought about the incredible amount of risk that the performers and producers are managing. These world class performers have astonishing talent but they are also working in an environment designed to eliminate risk and maximize safety. Supply Chain Professionals, although not usually theatrical, also work in an environment in which they are managing a tremendous amount of risk. Supply Chain Risk Management.

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.”

Visibility is the Key to Supply Chain Risk Management

Abivin

In term of risk management, visibility is essential to enable both the business and supply chain to become more agile, competitive, and robust. If there is a particular catchword that continuously describes supply chain management, it is visibility. Visibility is not merely knowing where your inventory is at any point in time. Visibility starts from your inventory. When orders are created for delivery, holding inventory is affected.

Ground-Level Views of Risk Management

Supply Chain @ MIT

But a key feature of effective response efforts that emerged during a recent gathering of supply chain risk experts organized by MIT CTL is aligning the company’s reaction to the scale of the disruption. A logistics services provider has three levels of response. The first alarm kicks in at the factory floor level when inventory falls below a certain threshold. If there is no inventory to make a part, another alarm is triggered.

Keep Your Cargo Out of Danger: Best Practices for Transportation Risk Management

CH Robinson Transportfolio

With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. . Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future. The risk of delays and lost cargo are real. What risk does your cargo face?

This Week in Logistics News (March 7 – 13)

Logistics Viewpoints

Consumer Packaged Goods (CPG) Global Trade Inventory Management Labor Logistics Technologies Omni-channel logistics Regulations Retail Statistics Supply Chain Risk Management This Week in News Trade Security Transportation The unemployment rate edged down slightly in February 2015, to 5.5%. While the unemployment rate for teenagers decreased 1.7% to 17.1%, the rate for adult men (5.2%) and women (4.9%) remained relatively unchanged.

5 New Year’s Resolutions for Supply Chain & Logistics Executives

Talking Logistics

If you’re a supply chain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Ask “What are the risks?”more Supply chain management is risky business — and the risks are growing every day. Simply put, many companies are still falling short on supply chain risk management , and they continue to pay the price. And the first step is asking “What are the risks?”

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. XPO Logistics Announces First Quarter 2014 Results. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). Enterprise-wide inventory visibility to inventory and orders, coupled with profitable order promising logic to help achieve customer satisfaction without sacrificing margin. .

Coronavirus Creates Opportunity for Healthy Supply Chain Correction

Talking Logistics

The post Coronavirus Creates Opportunity for Healthy Supply Chain Correction appeared first on Talking Logistics with Adrian Gonzalez. Guest Commentary Guest Commentary - Transportation Insight Supply Chain Risk Management coronavirus COVID-19 inventory management Transportation InsightEvery day, the COVID-19 situation continues to evolve. Thousands of lives worldwide have been disrupted, and there’s no way to measure the human toll.

Improving inventory management

EFT

What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. In his opinion the way you do that is “By putting inventory close to customers.

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)? If so, I invite you to attend two of the sessions that I am participating in, both related to transportation management: TMS 4 SMB: A Case Study with Carhartt. Speakers: Sharon Perry, Vice President of Logistics, Carhartt; Gregg Lanyard, Director, Product Management, Manhattan Associates; Adrian Gonzalez, President, Adelante SCM.

Three Reasons to Give Advanced Track and Trace Capabilities a Fresh Look

Logistics Viewpoints

Inventory Management Reverse Logistics Supply Chain Risk Management Warehouse Management Systems The need for track and trace capabilities in industries such as food and beverage, manufacturing or automotive industries is obvious: the threat of contamination or recalls impacts public safety, and the responses to those events are highly regulated. Organizations need to know what goes into their products and their location at all times.

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. More than ever before, excellence in supply chain management – especially in logistics functions – is about driving revenue growth, capturing market share, and enhancing customer satisfaction and loyalty.

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

Talking Logistics

In the meantime, here’s the supply chain and logistics news that caught my attention this week: EU Approves FedEx Acquisition of TNT Express ( WSJ – sub. 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. Note: GT Nexus and JDA Software are Talking Logistics sponsors.

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

Talking Logistics

University of Maryland Selects Resilinc as Supply Chain Risk Partner. According to Jeff Starecheski, Vice President Logistics Services at Sears Holdings, “Customer service is of paramount importance to Sears Holdings, our members and customers. As I’ve written and spoken about many times this year, many companies are falling short on supply chain risk management , which is having a negative impact on their financial performance and eroding their market share.

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

Version of SAP® Demand Signal Management Application. DHL launches new logistics service for life sciences products handled at extremely low temperatures. UPS Capital – Sponsored Study Shows Supply Chain Risk Mitigation Strategies Lacking. Penske Logistics Joins CargoNet to Enhance Supply Chain Security. I wrote those words in December 2010 , one of my supply chain and logistics predictions for 2011. Note: Transplace is a Talking Logistics sponsor.

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. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. I knew nothing about the world of logistics, inventory management and order optimization.

“You’re Only as Good as Your Worst Supplier”

Talking Logistics

in an effort to streamline its supply chain as it prepared to ramp up manufacturing…UPS said last year it would set up a logistics center in Londonderry, N.H., But the 130-person logistics facility was beset by problems after it opened in July, said people familiar with the operation, slowing assembly to a crawl. Both of these cases underscore the growing importance of supply chain mapping and risk management.

The Parallel Supply Chain … A Twilight Zone Strategy?

Supply Chain Game Changer

Every source of materials and components, every manufacturing facility, every warehouse and distribution channel, and every logistics mechanism is duplicated. To establish, manage and maintain a Supply Chain takes a lot of resource. Risk Management Supply Chain 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. Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. 6 Benefits of an Effective Reverse Logistics System.

Throw Back Thursday: Remembering ‘Meeting Customer Demand in a Complex Industry’ from Kinexions

Kinaxis

In this video hear, Gary Dietz, Manager, Global Logistics and Supply Integrated Supply Chain and Logistics, Kennametal, as he discusses the challenges his company faces in gaining full visibility of supply and demand, and in dealing with increasing supply chain volatility. The company’s biggest pain point, he says, is managing assets. Among the biggest challenges associated with the initiative is the management of “big data.”

Supply Chain and Logistics Predictions for 2016

Talking Logistics

Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. Making supply chain and logistics predictions is like throwing darts at a moving target. 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. The Case for Competing on Logistics Talent.

Sports Authority: Another Not-So-Great Moment in Supplier Relationship Management

Talking Logistics

File this under “Not-So-Great Moments in Supplier Relationship Management.”. In short, suppliers want their goods back, but Sports Authority wants to sell the inventory ($85 million worth of shoes and sports gear, including $23 million owed to shoemaker Asics America Corp.) Last February on Talking Logistics , I interviewed Sarah Rathke, a partner at Squire Patton Boggs LLP who specializes in litigating supply chain disputes.

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Nothing Easy About Supplier Relationship Management

Talking Logistics

In recent weeks, I’ve come across several articles underscoring how much more difficult, risky, and complex supplier relationship management is becoming. companies liable for child labor, slavery, human trafficking and dangerous working conditions among their suppliers, the risks to corporate brands grows by the day, said Chris Johnson, the former general counsel of General Motors North America who heads the ABA business section’s supply-chain initiative.

GM Supplier Factory Explosion: Thoughts on Supply Chain Visibility and Responsibility

Talking Logistics

The scope of end-to-end supply chain visibility must go beyond the status of orders, shipments, and inventory — it must also include having timely, accurate, and complete visibility to labor, safety, environmental, and legal practices across the entire supply chain. The post GM Supplier Factory Explosion: Thoughts on Supply Chain Visibility and Responsibility appeared first on Talking Logistics with Adrian Gonzalez.

The Next Great Disruption Coming to Supply Chains

Kinaxis

I watched a TED Talk video by Philip Evans, from Boston Consulting Group and shuddered to think that all our traditional fulfillment and inventory models can be drastically transformed by the “consumer”. 3PL’s, Contract Manufacturing, Suppliers, Logistics providers…. Sure, we’re concerned, and in some cases stocking more inventory at local distribution centers. Simulate what it would be like if a pattern had access to raw materials and inventory positions in the network.

New 3PL Study: The State of Logistics Outsourcing

Supply Chain Movement

In the 2015 19th Annual Third Party Logistics Study, survey results showed the continuing, positive overall nature of shipper-3PL relationships. 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%. Strategic Workforce Management Throughout the Supply Chain.

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Cybersecurity in Logistics: How to Protect Your Supply Chain from Cyber-Attacks

3PL Insights

Supply chains are subjected to numerous risks including incorrect orders, delayed shipments, inventory loss, and more. More recently, however, a major risk has materialized in the logistics industry – cybersecurity. Logistics, like most facets of operating a business, involves transferring sensitive information electronically. The interconnectedness of the logistics industry is an attractive target for cyber-attacks. Manage the Risks.

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.

Supply Chain Priorities for the Pandemic’s Second Wave!

Supply Chain Game Changer

Logistics and transportation were limited to movement of essential goods only. Awareness of Strategic National Stockpiles , as they pertain to medical supplies, exposed the inadequacy of the planning, processes and inventories that should have been designed to withstand this pandemic.

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Japan and Ecuador Earthquakes: Supply Chain Lessons from Past Disasters

Talking Logistics

Sourcing critical parts from multiple suppliers, manufactured in multiple factories, located in multiple geographic regions; Using widely-available, standard components instead of proprietary, custom-built parts; Keeping excess manufacturing capacity in their factories; Designing and equipping their factories to build a wide portfolio of products; Implementing redundant IT systems and data centers; Using multiple modes of transportation, and working with multiple logistics partners.

How to Combat the Uncertainty and Risks in Today’s Global Supply Chains

Talking Logistics

and China, what’s happening (or not happening) with Brexit in Europe, or the status of “New NAFTA” and other trade agreements, one thing is clear: there is growing risk and uncertainty in global supply chain management. How are leading companies navigating these risks and uncertainties? Manufacturers, retailers, distributors and third-party logistics providers are at the receiving end of these shifting policies and have to react. A data foundation, talent and risk.

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Experts Choice Of Top Online Logistics Resources

Freightos

The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. Experts’ Choice: Supply Chain and Logistics Email Newsletters. This is the experts’ selection – but if we had to choose just one, our go-to read is the fast-rising WSJ Daily Logistics Report. Ti Logistics Briefing.