Innovative Approaches to Supply Chain Risk

Kinaxis

A major earthquake in Taiwan. This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. Adding to this challenge is the reluctance of suppliers to share their sources with their customers for competitive reasons. Efficiency programs like lean drove us to reduce suppliers and cut inventory.

Chinese New Year Shutdown 2020: How to Prepare

ShipBob

Get prepared for the year of the rat with the best kind of red envelope, keeping your business in stock of inventory! Take a look at your past sales, and use them to determine your inventory needs ahead of time. Increase inventory. Need help with inventory planning?

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Building Value Networks. Stopping the Backward Slide.

Supply Chain Shaman

Supplier reliability and the bi-directional flow of data at the speed of business improve agility and decreases the issues with having the wrong inventory or aligning transportation inbound logistics with manufacturing scheduling. In the 1980s, I had a flip phone. (On

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Prep Your Supply Chain for Super Typhoon Soudelor

Elementum

Super Typhoon Soudelor is set to hit Taiwan and China tomorrow, with a huge potential for supply chain disruption. Update 8/7/2015, 04:00 PST: Typhoon Soudelor Disrupts Air, Rail Services in Taiwan Air and land transportation services in Taiwan have been halted since Friday, August 7, as Typhoon Soudelor moves closer to the region. Update 8/6/15, 22:38 PST: Typhoon Soudelor Forces Suspension of Ferry Services in Southeast Taiwan.

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Outsourcing: The Good, the Bad, and the Ugly – Lessons from Nortel Networks

NC State SCRC

The ODM’s in Taiwan have a single tech park where they all started. At the time – it was all in Taiwan, and over time it was moved more to manufacturing locations in China. When they declared chapter 11 – they left Flex with $400M of inventory. That was surely developed on the foot of getting stuck with Nortel’s inventory! Jeff Townley, former Chief Procurement Officer at Nortel Networks, provided some fantastic insights in my MBA class this evening.

Experts Suggest How to Slash Supply Chain Risk Properly

Supply Chain Opz

Clearly, redundancy (extra inventory, more suppliers, etc.) This is how Dell managed to make limited supply of different products to meet demand after the Taiwan earthquake. For example, a partner that has been a stellar performer that experiences a decline, whether a sharp drop or a repeated gradual erosion, is a source of potential disruption that has yet to be realized. Developing supply chain risk mitigation strategy can be a time consuming task.

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Preparing the Supply Chain for the Hurricane Season

Enterra Insights

this season, an above-average year is anticipated for East Asia that could affect production of consumer electronics sourced from China and Taiwan and more advanced technology products from Japan and nearby regions.”[1] ”[2] Analysts from Source One suggest companies prepare disaster management plans that account for both short- and long-term consequences of a natural disaster.[3]. Organizations are often counseled to prepare for the unexpected.

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Top 6 Wholesale Distribution Trends for 2019

EMERGE App

Business costs will rise for those who are sourcing some or most of their raw materials or goods from China. Taiwan is a prime candidate to replace Chinese exports due to its proximity. A study suggested that drop in Chinese exports will affect Taiwan and Malaysia the most. But it’s already happening as wholesalers, distributors, and importers source alternatives from other countries and place tentative orders. Before, you simply sourced everything from China.

Supply Chain Opportunities in China

Supply Chain Movement

China is not only an attractive market in terms of sourcing and manufacturing but also for the sale of goods due to the rapid growth of its middle class. In 2007, the Dutch producer of pushchairs relocated its factory from Taiwan to the free trade zone close to Xiamen in China. That leads to extra inventory and extra costs and hence necessitates a substantial level of turnover in order to be financially feasible. Distribution in China takes a detour.

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Seasoned Leadership in Action™ – An Interview with Chris Darbyshire, VP Operations at Softchoice!

Supply Chain Game Changer

I spent almost 20 years between IBM and Celestica primarily focused on Global Supply Chain, Global Operations and Inventory Management. Over my career I have established supply chains for global leaders like EMC, Cisco, HP and others in China, Europe, Thailand, Malaysia, Taiwan, Mexico and across North America. Now we have Supply and Demand Planners, Commodity Managers and Sourcing, Logistics not the shipping department, and Forecasting is now done by Supply Chain Data Scientists.

The Supply Chain’s Vision Problem

Enterra Insights

Digitalization helps companies obtain the right data from the right sources and ensures that data gets to the right decision-makers. Most companies weren’t buying from China or Taiwan or Malaysia like they are today.”[4] Point of sale data tracks exactly how many black shirts in size medium were sold yesterday, then meshes with inventory management technology to generate demand predictions that then prompt production of more (or less).

Distribution in China takes a detour

Supply Chain Movement

China is not only an attractive market in terms of sourcing and manufacturing but also for the sale of goods due to the rapid growth of its middle class. In 2007, the Dutch producer of pushchairs relocated its factory from Taiwan to the free trade zone close to Xiamen in China. That leads to extra inventory and extra costs and hence necessitates a substantial level of turnover in order to be financially feasible.

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Complex costs of transportation

Supply Chain Movement

To anticipate and respond to high customer demand, a modern Transportation Management System (TMS) needs to optimize inventory allocation. By consolidating at the source, several shipments can be combined into one, thereby reducing the number of shipments even before the shipments arrive at the Logistics Service Provider (LSP). A TMS with inventory allocation enables shippers to monitor shipments down to the package level. Taiwan, Province of China.

10 questions about the benefits of S&OP for your organisation

Supply Chain Movement

For one company the added value will lie in avoiding running below capacity and in reducing inventory while for another it will be the controlled scaling up of new products and services, but it always revolves around being able to anticipate and adapt the chain to developments in a timely and integral manner in order to achieve the strategic objectives. However, there must be consensus within the organisation about definitions and the right source of information for important reports.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year. Foot Locker @footlocker Foot Locker makes it easy for customers to shop the way they want to shop by improving inventory visibility.

Justifying Investments in Risk Avoidance

Supply Chain @ MIT

Insurance companies face this issue when selling disruption insurance, or when trying to convince manufacturers to reduce both the likelihood and impact of business interruptions through measures such as increasing inventory levels and developing alternative suppliers. The strategy incurs higher costs in terms of capital expenditures, labor, and inventory, but the payoff is superior service. This supported an extremely lean build-to-order operation with minimal inventory.

How Blockchain Can Transform the Supply Chain

Logistics Bureau

Neither can records of inventory, warehousing conditions, delivery times and dates, and so on. Currently, three partners in Israel and Taiwan accept this. They also allow the tracing of each product to its source. Supply chain has become complicated. Some would say cumbersome. It takes days to make a payment between a manufacturer and a supplier, or a customer and a vendor. Contracts must be handled by lawyers and bankers, which means extra cost and delay.

Land challenges for Hong Kong's logistics sector

EFT

Long established as a regional commercial hub and sourcing centre, Hong Kong is the world's eighth largest trading economy. The National 12th Five-Year Plan specifically calls for strategies and tactics to enhance Hong Kong’s status as an international financial, trading and shipping centre; and also for Hong Kong to develop into a high-value goods inventory management and regional distribution centre (RDC).

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What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

As many shippers front-loaded inventory in the second half of 2018—especially the fourth quarter—to avoid potential tariff increases, the market saw drastic volume increases beyond what we’ve come to expect from years’ past. Thus, going into 2019, with high inventories on imports, carriers have shown more discipline in controlling capacity than ever before. Higher inventories to avoid tariffs.

Top eCommerce Influencers to Follow

EMERGE App

It’s the best source to keep in touch with the latest e-commerce news. Tim speaks more than 5 languages, was an MTV Breakdancer in Taiwan, holds a Guinness World Record in tango and a national Chinese kickboxing champion. Why Are You Here?

Xiaomi: Rapid growth of a mobile internet company in China

The UCLA Anderson Global Supply Chain Blog

   To promote sales, Xiaomi produced a limited edition of each new version of the phone so that they can use scarcity to stimulate excitement, while at the same time, it can reduce the need for markdown sales of leftover inventories.    At the same time, it is expanding its operations in Hong Kong, Taiwan, and Singapore.      Source: Wall Street Journal, January 2014.

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Top 10 New Year’s Resolutions for Wholesalers in 2019: Drop Those Bad Habits from 2018

EMERGE App

If you’re still not convinced about using inventory management software , then perhaps the benefits might sway you over. Source Sensibly and Sustainably. Highly developed nations such as South Korea and Taiwan may fill in the technology gap. For import-export companies, you need to have your operations down pat with sophisticated inventory management software to back you up. Value Your Inventory. Introduction. It’s that time of the year again!

Supply Chain Management:Headline for the 2012 Holiday Buying.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. The implication was that orders came in huge surges, and supply chains that were not prepared, particularly those without robust inventory allocation or tight inventory visibility across their brick-and-mortar retail and online retail systems paid a price in customer loyalty. I find it odd how not very many brick and mortar stores just hold more inventory.