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Experts Choice Of Top Online Logistics Resources

Freightos

The Experts’ Choice of the Top Online Logistics Resources. Shipping Gazette Daily News. One of the most comprehensive daily summaries, and by far the leading Asian-based summary, China’s Shipping Gazette provides daily information about carriers, forwarders and technology. Since 1974 with industry-leading expertise in, well, American shipping. World Civil Aviation Resource Net.

3 Best Practices to Improve Your Flatbed Shipping Performance

CH Robinson Transportfolio

Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. When it comes to flatbed shipping, each industry faces unique challenges in seasonality, regulation, competition, and scalability.

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ANCA Streamlines Procurement with the QAD Supplier Portal

QAD

Inevitably, the procurement process is complex and challenging to manage. Machines can’t be built and shipped without having the right parts in inventory , but at the same time, keeping parts on the shelf consumes space and cash. Procurement System Improvement Goals. Recognizing the vital importance of procurement to their business, ANCA management set about finding a tool to help. Manage consignment inventory. Streamlined Component Procurement.

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock.

E-Commerce Shipping: Why Shippers Are Mastering E-Commerce to Go Omnichannel

Cerasis

Unfortunately, shippers may overlook the biggest obstacle to omnichannel, developing effective e-commerce shipping practices. To avoid the retail apocalypse and achieve omnichannel success, shippers need to understand the challenges of e-commerce shipping, how it contributes to omnichannel success and a few tips to succeed in it. According to Stacey Rudolph of Business2Community, e-commerce shipping is complicated with an average return rate of 30 percent.

New online insight hub revealed to increase intelligence resources for supply chain decision makers

EFT

The Insight Hub doesn’t just give us an opportunity, for the first time, to house all this industry leading content in one place, it also gives us the scope, resources and platform to create, commission and curate a far broader collection of business-critical intelligence than ever before. In addition, you can’t really understand the full picture of supply chain risk without listening to a webinar we ran entitled: COVID-19: Implications on Inventory Planning, Sourcing and Procurement.

Streamline Procurement Activities By Reducing Your Purchase Order Cycle Time

Unleashed

The most effective way to streamline procurement activities is to include a well-considered purchase order cycle as part of your purchasing processes, one that allows you to plan for expenses and budget for the costs of doing business. The purchase order life cycle is the set of steps taken to process a purchase order to procure goods for your business and it includes the following steps: 1. Business Tips procurement purchase order purchase orders

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand Data Integrity to Reduce Inventory Costs.

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Excess and Obsolete Inventory: You’re All Responsible for It!

NC State SCRC

The Supply Chain Resource Cooperative held its first ever “Executive Roundtable on Excess and Obsolete Inventory” on the NC State campus on October 25, 2017. In the end, excess and obsolete inventory occurs because of mistakes, mis-aligned decision-making, and lack of consideration of the cost of inventory in countless decisions, including product design, sales forecasting, sales and operations planning, and lack of awareness. Measure life cycle inventory cost.

The Beginner's Guide to Inventory Control and Management

Supply Chain Opz

What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory Control can be defined as below: “Inventory control is the function responsible for all decisions about all goods and materials in an organization. Inventory control often starts with how to know the demand of particular product. What is Inventory Cost?

It’s Time to Welcome The Supply Chain CEO!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Over the past few decades, companies have realized that the way they bring products to market – from sourcing parts and services, to manufacturing, to shipping, to distribution – isn’t just a practical necessity, but an avenue for competitive advantage. Whereas different Supply Chain functions used to be siloed (planning, operations, procurement, etc.), Subscribe Here! Email Address.

The Pros and Cons: International and Domestic Sourcing

Unleashed

Low-cost country sourcing is a procurement strategy that falls under a broad category of procurement efforts called global sourcing. This strategy involves a country from a high-cost country area — typically US, UK, Canada, Australia, and West European nations — purchasing materials from resource-rich low-cost countries; think China, India, Indonesia, Bolivia, Brazil, Russia, Mexico, and East European nations. Shipping costs. Resource availability.

Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy. Next up was Dan Carrell, Vice President of Global Procurement at IBM.

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

This added area of focus can leave many operators feeling strapped for time and resources. Today, many in the restaurant industry take advantage of outsourcing to lower resource costs, increase efficiency, and gain greater expertise.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. Knowing the cargo, the packing, and shipping requirements will enable the team to select the most suitable supplier from the database. Freight Shipping Intelligence. The shipping industry is fragile in nature.

Effective Stock Replenishment: Why you need it & how to achieve it

EazyStock

Stock replenishment is an important aspect of inventory management, as it ensures the right stock items are being reordered to meet customer demand. Effective stock replenishment methods ensure the efficient flow of inventory items as they move through a supply chain.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. Borders were closed, air travel curtailed if not suspended outright, cruise ships were quarantined, tourism plummeted, restaurants and theatres were closed, and entertainment and sporting events and leagues were cancelled. Mission Critical and Strategic Inventory Positioning. Subscribe Here!

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The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. For every node of the supply chain this means that there is transportation, movement and handling, inventory, and production and over, or under production. Subscribe Here!

How to Get a Job in the Supply Chain Sector

Logistics Bureau

While this article is intended as an evergreen resource, to help you navigate in your search for a supply chain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality. Human Resources Personnel. Manage inventory levels.

Innovative Approaches to Supply Chain Risk

Kinaxis

A few hours later, your procurement head walks in the office. “We The report outlines some of the key challenges as follows; A variety of physical and non-physical risks need to be considered including geographic factors (natural disasters, political unrest), supplier quality and labor issues, volatility in pricing, customer demand, shipping, IT security, regulatory changes, etc. Efficiency programs like lean drove us to reduce suppliers and cut inventory.

Keys to a Successful Dropship Implementation

Talking Logistics

Manufacturers and distributors are looking to expand their sales channels and get more of their brands in the hands of customers to generate loyalty, which can mean drop shipping on behalf of retailers looking to expand their product assortments. This will increase the customer’s product and shipping options. It is possible, but it would be a very manual process, with many emails and spreadsheets sent between procurement and vendors.

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Effective Warehouse Management in an Omnichannel World

Cerasis

Knowing the available inventory and assets only in distribution centers is inefficient and lacks value, but when applied across an entire supply chain network, inventory visibility propagates effective warehouse management. Although the main issue lies in the lack of visibility into assets and inventory in warehouses, distribution centers, and stores, an important part of the problem can also be found in transportation management.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Shippers need to re-evaluate ocean route use and determine which carriers can increase shipping in anticipation of tropical storms. Create a backup data resource. Subscribe Here! Email Address.

4 Challenges in Starting and Sustaining a SIOP Business Process

Supply Chain Game Changer

A Sales, Inventory and Operations Planning (SIOP) business process is an essential element for running a successful business. SIOP will allow you to improve your forecasting, capacity and resource planning, cash flow, and inventory levels. Operations wants to know precisely what is really going to be required to be processed and shipped. The Procurement/Supply Chain team needs to order the materials and manage inventory levels. Subscribe Here!

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

In a nutshell, RPA helps businesses execute core processes faster and with fewer resources. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Inventory Management.

The Supply Chain Detective™ – The Case of the Missing Cash!

Supply Chain Game Changer

But these customers would require huge upfront out of pocket capital, inventory and resource investments to enable this business. Given that the Supply Chain team negotiates terms, conditions, and parameters with suppliers, and manages inventory, they are impacting cash flow in dramatic ways. This became a plan of attack for our Procurement team. This included outlays of cash for capital expenditures and inventory to ensure there were no surprises to our cash levels.

An Overview of Best Practices for Efficient Purchase Ordering

Unleashed

A purchase order (PO) is a document issued from a buyer to a seller that communicates a request for procurement of goods or services. PO’s also form part of an organisations inventory control practices; they help to increase purchase efficiency and serve as a legally binding contract, enforcing the deal between purchaser and supplier. Clear and accessible vendor records help to streamline procurement activities making is quicker and easier to select a vendor.

5 Tips to Cut Hotel Supply Chain Costs

AFFLINK

Take a look at the items that you're purchasing regularly in order to fine-tune and optimize your orders and shipping. A few years ago, there may not have been any local resources for your products. Finding local vendors for your products can save you a lot of money, as you don't need to pay shipping fees, transportation costs, and potential duty fees. They also help you track your inventory so you never run out of necessary products.

13 Amazing Logistics & Supply Chain Mobile Applications

EazyStock

These apps help companies achieve every business process from tracking inventory and shipments to booking meetings with clients to tracking tasks and projects. EazyStock – Inventory Optimization Software. With easy API integrations with any Enterprise Resource Planning (ERP) tool, inventory managers can automate procurement and replenishment processes that historically were guesswork cutting into profit margins.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

Although rate volatility is expected to stabilize in 2017, organizations must do more with fewer resources to survive. According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. Meanwhile, Brazil, Russia and India will become major suppliers as companies access the remaining untapped resources of the world. The election is over, but the race is just starting for logistics providers.

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Will Your Supply Chain Sink or Swim in the Digital Age?

OneSCM

That means materials sourcing, procurement, production, and shipping lead times are even shorter. That causes choke points during shipping and receiving and can lead to overall quality issues. Without a single, digital supply chain management platform to bridge these “data silos”, the potential ROI of the M&A transaction can be tainted by excess inventory, poor customer service, and poor response capabilities to newly acquired customers’ demands.

What is Inbound Logistics and How Can a 3PL Help?

Kanban Logistics

This includes the procurement and delivery of the parts used to build the finished product. By handling inbound logistics yourself, you’re allocating time, money and resources away from your primary goals of increasing factory output and driving sales. Third-party procurement.

7 types of manufacturing wastes and how to reduce them

Unleashed

From transportation waste, inventory waste, defective products and more, waste can accrue in a range of areas across the company. Waste is any activity that uses resources but doesn’t add value for the end customer, and can therefore be eliminated. Waste of inventory.

The Invaluable Role of a TMS in Managing Full Truckload Shipments

Cerasis

The Issue: Business Success Increases Freight Spend Complexity As explained by Dan Goodwill of Canadian Shipper, shippers face a problem with ensuring they are paying surcharges but aligned to the volume of freight shipped. Lacking visibility into density and frequency of freight ships, as well as freight allocation. A TMS is like a procurement expert, allowing for the continuous benchmarking of shipping activities and giving shippers insights into freight spend.

Avoiding the bullwhip: Navigating volatile demand in a post-COVID world

Proxima

The result is increasing swings in inventory, known in logistic circles as the “bullwhip effect.” Another option is nearshoring – a solution that offers the cost benefits of offshoring but reduces shipping costs and lead times.