Your 3PL as Supply Chain Risk Management Partner?

Talking Logistics

As I discussed last Friday, Accenture published a report recently on supply chain risk management. Seventy-six percent of the companies that participated in the study described supply chain risk management as important or very important, and “of the more than 1000 companies represented across 10 industries, 25 percent plan increased investments of at least 20 percent in supply chain risk management in the next two years.”.

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.

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Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Lillian Ablon, an information scientist at the RAND Corporation, told Koebler and Cox, “Supply chain risk management is difficult enough for conventional threats (disruptions in operations caused by natural disasters, financial failures, poor quality, etc.).

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. This is where the Warehouse Management System (WMS) and Order Management System (OMS) work together to ensure accurate inventory control. To enable it, the supervisor/manager creates a geo-fencing zone.

This Week in Logistics News (June 20-24, 2016)

Talking Logistics

A beautiful woman passed away this morning, my wife’s aunt who we all loved, so I will be brief with my comments about this week’s supply chain and logistics news. Logistics in Transition: U.S. Business Logistics Costs Slow Considerably with 2.6% Behind those Amazon Prime boxes, a bull market in warehouses (Reuters). Triumph Business Capital Provides Instant Cash Funding Via AscendTMS™ Logistics Software. business logistics costs rose to $1.48

This Week in Logistics News (January 19-23, 2015)

Talking Logistics

” Companies have historically overlooked B2B Connectivity when evaluating supply chain software solutions, such as transportation management systems. Instead, companies should view B2B Connectivity as a utility and outsource it to a Supply Chain Operating Network, where data quality management is central to their business model and value proposition. Note: Elemica and Kewill are Talking Logistics sponsors.

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). Execution-aware planning that eliminates silos to proactively understand and plan against downstream constraints such as carrier capacity and warehouse throughput to eliminate bottlenecks and excess labor costs. .

Supply Chain Risk Blog Series#1: Why Supply Chain Risk Management Should be a High Priority

BluJay Solutions

Managing the inherent risk in a supply chain has always been critical for businesses, but has become ever more so as supply chains have extended globally. With so many companies today deriving and delivering so much of their business across a larger geographical expanse, the inherent risk factor has increased exponentially in the last decade or two.

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.

This Week in Logistics News (January 8-12, 2018)

Talking Logistics

Or I can just wing it and go straight to the supply chain and logistics news that caught my attention this week. Ocado to wheel out C3PO-style robot to lend a hand at warehouses (The Guardian). Cloud Logistics Announces Record Revenue, Growth and Innovation for 2017. Customers in the transport and logistics industry can benefit from embedded, intelligent location services that help increase productivity and efficiency. What can I do if I have writer’s block?

The Top 2019 Logistics Trends Shippers Should Know

Cerasis

The state of the logistics industry is evolving. 2019 is shaping up to be a year in which warehouses and distribution centers continue the development and implementation of technology-based processes. Technology allows shippers to work smarter, faster and with fewer human resources, and new technologies, such as drones and augmented reality, are continuing the process, reports Victoria Kickham of Logistics Brief. Logistics Supply Chain Trends

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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.

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.

Supply Chain and Logistics Conferences to Attend in 2017

Talking Logistics

Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Conferences are a great example of peer-to-peer learning in action, but with so many supply chain and logistics conferences available, how do you decide which ones to attend? Below is a short list of the supply chain and logistics conferences scheduled for 2017. SAP : SAPInsider Logistics and SCM 2017 , March 6-8, Orlando, FL.

The Industrial Internet of Things, Manufacturing, Supply Chain & Logistics: Where Are We & Where Are We Going?

Cerasis

Supply Chain Management. Supply chain management is a broad term used to describe the current use of the industrial internet of things in the supply chain. Warehouse Management. Warehouse management of the IoT is built the same principles of overall IoT-based supply chain management. Furthermore, the IoT is directly linked to better risk management programs in manufacturing too, explains Industry Week. Transportation Management.

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. Terrorism : The recent terrorist attacks in Paris and San Bernardino, coupled with the ongoing instability in Syria and Iraq and the spread of ISIS, have raised the risk for terrorism-related supply chain disruptions in 2016. The Case for Competing on Logistics Talent.

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.

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

Countdown to Black Friday: Are You an Easy Target for Cargo Theft?

Talking Logistics

Holiday weekends and the weeks leading up to the Black Friday retail shopping holiday are prime times for organized crime groups to target the trucks, warehouses, and distribution centers that send or receive those goods. Remember that freight at rest is freight at risk. Leverage relationships with your third party logistics provider (3PL). Christopher McLoughlin is Risk Manager at C.H. Chris brings over 18 years of logistics industry experience.

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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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The Hackers Inside Your Supply Chain

Talking Logistics

While the Coast Guard initiated a number of activities and coordinating strategies to improve physical security in specific ports, it has not conducted a risk assessment that fully addresses cyber-related threats, vulnerabilities, and consequences. Until the Coast Guard completes a thorough assessment of cyber risks in the maritime environment, the ability of stakeholders to appropriately plan and allocate resources to protect ports and other maritime facilities will be limited.

Talking Logistics YOUniversity: Our First Course

Talking Logistics

Talking Logistics was launched as a live, online video talk show focused on supply chain and logistics topics. A year after launching, however, a supply chain executive said to me, “ Talking Logistics is like an online Executive MBA course, with live lectures and guest speakers every week discussing timely and important topics.” Which topics would you like to see as Talking Logistics YOUniversity courses? Transportation Management. Warehouse Management.

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Supply Chain and Logistics Conferences to Attend in 2015

Talking Logistics

Last January, I shared 5 New Year’s Resolutions for supply chain and logistics executives to improve as leaders. As I wrote last year: According to leadership expert Ken Blanchard, “when you stop learning, you stop leading,” and this is especially true in supply chain management. Conferences are a great example of peer-to-peer learning in action, but with so many supply chain and logistics conferences available, how do you decide which ones to attend?

5 Supply Chain Trends You Can’t Ignore (Takeaways from Accellos Conference)

Talking Logistics

I love that question, which is from a blog posting by supply chain executive and consultant Tony Martins, who was my guest on Talking Logistics earlier this year; Tony was also a panelist in the Mega Trends Impacting Supply Chains session I moderated at last week’s CSCMP conference. As I discussed earlier this year on Talking Logistics , Supply Chain Operating Networks bring together trading partner connectivity with cloud/SaaS applications.

Logistics, Data, and Cognitive Computing

Enterra Insights

Logistics have always been data driven. Historically, logistics data can be found on cuneiform tablets, pieces of parchment, and paper. Blockchain will certainly help logistics operations in a number of ways; but, digital data already available can also help. Complexity adds another layer of difficulty to the logistics picture. Boston Consulting Group (BCG) analysts assert, “Logistics networks have never been more complex.

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This Week in Logistics News (June 24-28, 2013)

Talking Logistics

HighJump Software Enhances HighJump Warehouse Advantage Express Offering to Meet Increased Demand in SMB Marketplace. Menlo Worldwide Logistics and Temasek Polytechnic Establish Scholarship Programme, Announce 2013 Winners. Retailers and small and midsize businesses (SMBs) – the two market segments supply chain and logistics software vendors are hyper-focused on these days.

Supply Chain and Logistics Conferences to Attend in 2016

Talking Logistics

Contrary to what many people believe, investing in employees is not dilutive to a company’s financial results and shareholder value — it’s actually accretive,” said Howard Schultz, the CEO of Starbucks, at the 2015 Council of Supply Chain Management Professionals (CSCMP) Annual Conference. Conferences are a great example of peer-to-peer learning in action, but with so many supply chain and logistics conferences available, how do you decide which ones to attend?

This Week in Logistics News (July 28 – August 1, 2014)

Talking Logistics

In this week’s news… XPO Logistics to Acquire New Breed Logistics. Dun & Bradstreet Launches Supplier Risk Manager™ 2.0. Amazon to open five new warehouses in India (Reuters). XPO Logistics continues its roll-up strategy with its announced acquisition of New Breed Logistics this week for $615 million. The post This Week in Logistics News (July 28 – August 1, 2014) appeared first on Talking Logistics with Adrian Gonzalez.

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. Simply put, I admit upfront that my supply chain and logistics predictions below are biased and flawed, but I make them anyway because it’s a fun exercise, and also because I hope it generates some thoughtful conversations and ideas. For related commentary, see: In Logistics, Somebody Has to Own the Assets.

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Supply Chain and Logistics Conferences to Attend in 2019

Talking Logistics

Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Conferences are a great example of peer-to-peer learning in action, but with so many supply chain and logistics conferences available, how do you decide which ones to attend? Below is a short list of the supply chain and logistics conferences scheduled for 2019. Logistics Summit & Expo , March 13-14, Mexico City, Mexico.

What is the Biggest Blind Spot in Your Supply Chain?

Talking Logistics

There are many reasons why, as I’ve discussed in previous posts and Talking Logistics episodes , including: Supply chain data is stored in too many systems, in too many formats, across many companies and geographies. Nobody really owns or is accountable for supply chain visibility and data quality management. What is happening to BMW today is another case study in supply chain risk management. Inbound deliveries to factories/warehouses.

Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

In fact, according to a survey conducted by Labelmaster and Hazardous Cargo Bulletin — The Global Dangerous Goods Confidence Outlook — more than one-quarter of the respondents are still doing dangerous goods compliance manually and they’re not even using general shipping or warehouse software or systems provided by carriers. As I wrote more than three years ago in A New Era for Global Trade Management Software? :

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Top Talking Logistics Posts & Episodes (Q1 2016)

Talking Logistics

Here on Talking Logistics , however, the sun is shining bright. Chipotle: The Latest Example of Why Supply Chain Risk Management Matters. Why Use Augmented Reality in Your Warehouse or DC? The Impact of SOLAS on Ocean Shipping and Data Management. Sports Authority: Another Not-So-Great Moment in Supplier Relationship Management. The Impact of Omni-Channel on Logistics (3,528 views).

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Lars Syberg : “Taming Tigers’ supply chain is a real challenge”

Supply Chain Movement

I think I was chosen by MöInlycke because they needed a risk taker who would shake things up and make changes. Changes in demand and lack of visibility in logistics could easily create a bottleneck. I’m directly involved with inbound, outbound and warehousing as well as sourcing, most of which is done in the Far East. The supply chain department has around 20 ftes; most of our operations is outsourced to our logistics partners.”.