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In a survey we conducted in October 2020, 91% of our Indago supplychain research community members, who are all supplychainexecutives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
As a supplychainexecutive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. What Is Agile Procurement?
COVID accelerated executives’ understanding that supplychains needed to be agile. However, according to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supplychainexecutives are losing the strategic gains they made with their C-suite counterparts.
Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. Supplychain entities need to know vendors will be held accountable and adhere to the terms within vendor-supplychain partner service level agreements.
Reducing reliance on single suppliers and diversifying supply sources can mitigate the impact of disruptions in specific regions or industries. The post Logistics and SupplyChain News (August 5th- 9th 2024) appeared first on Logistics Viewpoints.
So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2021 and see what our readers found to be the most interesting. It was good mix of topics and authors, including a good number from our Logistics Viewpoints sponsors. So let’s take a look now at the 15 most popular logistics stories.
Alexis Mizell-Pleasant and Joe Lynch discuss the next frontier in food logistics. Alexis is Managing Editor at Food Logistics and Supply & Demand ChainExecutive. Food Logistics and sister publication Supply & Demand ChainExecutive also operate SCN Summit and Women in SupplyChain Forum.
The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supplychain and procurement operations. Furthermore, inflation has become a growing concern, causing price pressure up and down the supplychain. Gap between supplychain and procurement.
Already upended for two years by the COVID-19 pandemic, the worldwide logistics industry is facing new challenges. While demand is high, ongoing product shortages continue to cause supplychain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations.
If you’re a supplychain or logisticsexecutive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Supplychain management is risky business — and the risks are growing every day. CFOs rarely know anything about supplychain management.
Navigating an Increasingly Challenging Logistics Landscape. These e-commerce trends are placing increasing pressure on logistics teams to keep up with demand volatility, provide incredibly fast delivery, and reliably fulfill all their promises to customers and consumers. Logistics Digitalization Provides an Answer.
Mike is a Client Engagement Director at JBF Consulting , a supplychainexecution strategy and systems integrator for logistics-intensive companies of every size and any industry. Mike has extensive experience in Transportation and Logistics from procurement through operations leadership spanning 25+ years.
A new study that the SCRC published with GEP examines the increasing pressure that supplychainexecutives are getting when it comes to responding to supplychain disruptions. In this study, we explore the primary forms of misalignment that exist between supplychain and procurementexecutives. (We
LeanDNA helps manufacturers to improve their supplychain efficiency and agility, while also reducing costs and improving customer satisfaction. LeanDNA is a cloud-based supplychainexecution platform that helps discrete manufacturers digitally transform their procurement operations. The Greenscreens.ai
There is a multibillion-dollar supplychain software market that grew at double digit rates during the pandemic, and will continue to grow fast, that very few supplychainexecutives have heard of. The solution is called a supplychain collaboration network (SCCN). SCCN is a Network Solution.
The company explains, “The growing reliance on artificial intelligence and Internet of Things (IoT) devices is creating vulnerabilities across supplychains, with manufacturing and electronics sectors identified as particularly at risk. Third-party logistics providers are expected to face heightened cybersecurity threats.”
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. The Improved Way. Learn more about how to fulfill this vision.
2013 Trends and Strategies in Logistics and SupplyChain Management: Embracing Global Logistics Complexity to Drive Market Advantage. The key results of this study by BVL International on trends and strategies in logistics and supplychain management are summarized, as follows. Key Trends.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
The costs of reverse logistics amount to more than $750 billion per year, and the demand for reverse logistics has risen in recent years with the rise of e-commerce. According to Stacy Rudolph of Business to Community, up to 30% of all products ordered online become returns, placing an insurmountable burden on reverse logistics.
The aforementioned soon-to-be-released global survey by Coupa of over 1,000 supplychainexecutives shows that about 80% of respondents expressed the intent to continue investing in digital technologies that bring more resilience and agility. Supplychain is a team sport and will increasingly be so!
What I learned is that this is a solution that covers the entire procurement to pay process in a deeper manner, where risk is better operationalized, and with better return on investment, than traditional enterprise solutions do. The post SupplyChain Compliance is About to Get a Whole Lot Tougher appeared first on Logistics Viewpoints.
Five Forces Reshaping Logistics as We Know it. Because warehousing and transportation represent significant cost centers, intelligent logistics decisions are critical. Forget what you knew about logistics. Supplychain technology investments were once delegated to a specific function such as procurement or logistics.
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. In addition, product categories are much more segmented and differentiated than they were previously.
SCCN suppliers like Emerge, GEP, and Coupa provide good network visibility to procurement; solutions from FourKites and project44 provide visibility to shipments; and solutions from Interos or Eversteam Analytics provide visibility to new risks in almost real time. Clearly, a new approach is needed.
Whilst they are classed as indirect purchases, this procurement category plays an essential role in day-to-day operations. The pandemic shined a light on something that supplychainexecutives will tell you is second nature. The supplychain is a chain, and it is only as strong as its weakest link.
That news could be an impending bankruptcy, unhappy customers, key executives leaving the company, or many other things. These “events” are turned into supplier scores, and if significant the score goes flagged in the Oracle procurement system. This can then be leveraged by their supplychain design solution to improve risk mitigation.
This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The top Coupa executives, and the supplychainexecutives I have interacted with, are still working at Coupa. The new mantra is profitable growth.
Are you a beginner and you want to learn about each logistics function? We will show you 5 logistics books that will help you learn faster than any other books. Why is Logistics a Good Career? In the United States, the median wages for a Logistics Manager is around $90,000 annually.
I’d welcome the opportunity to meet with supplychainexecutives to discuss your research questions and objectives for the coming year, and with technology companies and 3PLs to get an update on your products and services. Menlo Logistics Opening New Multi-client Warehouse in Ladkrabang, Thailand. If so, let’s connect.
At the same time, the value of supplychain visibility is lessened if it isn’t comprehensive – encompassing the supplychain from one end to the other, from upstream to downstream. The Broader Value Proposition of a Logistics Center of Excellence. But where do you gain that visibility? Source: GEODIS.
That’s why good supplychain management is so important for your ecommerce operations. An optimized supplychainexecution process can make all the difference. What is supplychainexecution? Supplychainexecution (SCE) processes & tasks. Supplychain planning.
Note in Figure 1 the gaps from recent research between supplychain planning and manufacturing, logistics, and sales. The gap between logistics and procurement; and logistics and customer service increases process latency. The goal to tie planning to execution remains, but the gaps in planning are a barrier.
We’ve made our predictions , but it’s the unexpected that makes supplychain management so exciting and demanding. Did you come up with any New Year’s resolutions to improve as a supplychain and logistics leader this year? Supplychain management is risky business — and the risks are growing every day.
To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains. Nari Viswanathan is currently Sr.
For those procurement or SupplyChainexecutives in suitable organizations, there is an increasing number of uncertainties to manage, especially in today’s tough economic environment. Is there any definitive boundaries for procurement not to step across? If you think so, you are probably too conservative.
The value of a collaborative logistics platform implementation is quite clear. Collaborative logistics affords an opportunity for businesses to unlock more resilience and flexibility in their supplychains. As a result, companies are more likely to rethink procurement processes and avoid unnecessary delays.
Now, on to this week’s supplychain and logistics news… Penske Logistics Reaches Agreement to Acquire Transfreight North America. Infor Delivers Dynamic Cloud Solution for SupplyChainExecution. FusionOps Raises $12 Million to Help Monitor SupplyChains From the Cloud ( WSJ.D ).
Are you looking for logistics management books? In this article, we will show you 5 books that'll help you learn logistics faster than any other logistics book. Do You Need a Logistics Book? In the United States, the median wage for a Logistics Manager is around $70,000 annually. The links below are paid links.
This award honors female supplychain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supplychain network. Food Logistics and Supply & Demand ChainExecutive also operate SCN Summit and Women in SupplyChain Forum.
At the Gartner SupplyChain Symposium/Xpo 2025 , one thing was clear: AI is no longer a future visionits a present-day game changer. Held May 57 at the Walt Disney World Swan and Dolphin Resort in Orlando, the event drew over 4,000 CSCOs and supplychainexecutives.
What are some of the biggest supplychain risks companies face today? Those are some of the questions supplychainexecutives are asking — or should be asking.”. There is a tremendous amount of material labeling and handling risk assumed by the shipper and logistics provider,” said Cahn. At what cost?
Second, avoid islands of isolation and limited impact by integrated AI into your supplychain so the results are aligned end to end. One supplychainexecutive told me AI makes him feel a bit like a deer in the headlights, which is why it’s worth stating that you don’t have to embark on this journey alone.
Brad has a BA in Logistics Management from Michigan State University. JBF Consulting is a supplychainexecution strategy and systems integrator for logistics-intensive companies of every size and any industry. The ocean shipping delays caused by the pandemic has disrupted supplychains.
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