If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

Logistics Viewpoints

Because of the pandemic, risk management surrounding sourcing has become top of mind. Companies need to ensure they have alternate sources of supply that can ramp up to the volumes needed. The post If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. What is Single Sourcing or Sole Sourcing? For clarity let’s define what these sourcing terms mean. Subscribe Here!

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Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Editor’s Note: Our “ Research in Focus ” series highlights research conducted by select partners on timely and important trends impacting supply chain and logistics professionals today. This bring concerns for transportation costs as we see as the #2 area of importance for sourcing.

Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. I asked Kevin O’Meara that question last week on Talking Logistics. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing.

Point-of-Danger ICE Raids and Audits

Speaker: Max Muller, Attorney and Author

Supply chain managers should constantly be on guard against forces that could cause a significant point-of-failure in or to their supply chains. The sudden loss of a workforce is an evolving danger to those who provide raw materials, subassemblies, finished goods, and/or necessary services to supply chains; and to entities requiring those items or services. Join Max Muller for this timely, fast-paced and guidance rich webinar that will educate you on the specific steps involved in undertaking your own internal audit, as well as providing you with guidance on what your major and/or sole source suppliers should do as well.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals

Talking Logistics

Back in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic. Read more Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing.

Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? in this case, responsible sourcing. Source Smarter. Source: Purina.

Using Satellite Imagery as a Data Source to Improve Supply Chain Management

Logistics Viewpoints

The post Using Satellite Imagery as a Data Source to Improve Supply Chain Management appeared first on Logistics Viewpoints. Satellite imagery data represents another data set that may have the potential to improve company’s supply chains.

Strategic Sourcing: The Key to Competitive Advantage

Supply Chain Opz

Strategic Sourcing has been used by companies of all sizes for years. This commentary highlights some of the key principles to strategic sourcing. However, priority is always given to cost cutting initiatives.

Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption

Gravity Supply Chain

Sourcing: Mitigate risk during periods of supply chain disruption, such as those caused by the Coronavirus outbreak, by using digital technology. . The post Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption appeared first on Gravity Supply Chain.

Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Improving costs remains a core competency for any sourcing organization. Logistics. The post Strategic sourcing enters a new age.

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective.

Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming the supply chain and logistics processes of retailers, especially their transportation processes. But many retailers are jumping in without a plan — that is, they are taking a short-term, siloed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. How does omni-channel impact transportation sourcing? Live Episode: Tuesday, January 20, 2015 at 12:00 ET.

Planning Food Logistics Efficiently in Times of Disruption

DELMIA Quintiq

It is critical for retailers to quickly respond to these sudden changes, but many struggle with this because their planners still rely on spreadsheets and legacy tools to plan their logistics operations.

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COVID-19: Implications on inventory planning, sourcing and procurement

EFT

We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector.

Chainalytics Delivers Award-Winning Global Logistics Procurement Program

CHAINalytics

Chainalytics, a recognized global leader in supply chain … The post Chainalytics Delivers Award-Winning Global Logistics Procurement Program appeared first on Chainalytics.

When it Comes to ‘Logistics & Sourcing’ at RILA Supply Chain the World is Your Oyster!

Supply Chain Network

One of the things I most look forward to when attending the RILA Supply Chain conference is all of the great retail global logistics & supply chain professionals and information to be found assembled all in one place.

Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. And the logistics industry has countless IT solutions. Customer Service: The Real Source of SCM Innovation. He spends his time consulting and writing B2B marketing content helping transportation and logistics companies develop and implement their B2B blogging strategies.

Is Amazon In-Sourcing or Creating a New Service? You Already Know

Cerasis

The post Is Amazon In-Sourcing or Creating a New Service? E-Commerce Logistics Freight Logistics amazon in-sourcingAmazon didn’t get to where it is today (hit a market cap of $1 trillion in Sept. 2018) by resting on its laurels. At the time I wrote this, Amazon’s market cap is $777.8 billion. We can all rest assured that Amazon is looking to get back up to $1 trillion and stay there. Amazon.read More.

Local Sourcing, Global Supply Chain

BluJay Solutions

Yet the company is at pains to make it clear this is part of a global operations strategy, with devices continuing to be assembled in China and Brazil and components presumably continuing to be sourced from emerging markets based on cost and quality.

The Logistics & Supply Chain of Thanksgiving

Cerasis

Now, multiply that by 250 million Americans celebrating the holiday, reports Bob Trebilcock of Logistics Management. Frozen turkeys make up 90 percent of Thanksgiving sales, explains Chris Cunnane of Logistics Viewpoints. Fresh turkey spoils faster and requires fast-paced logistics.

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How COVID – 19 Might Shape the Future of China Sourcing and Manufacture

Logistics Bureau

COVID-19 and the Future of China Sourcing and Manufacture. The Pros: Strong supply chain and logistics culture. Covid 19 Global Sourcing

Outbound Logistics

LeanCor

Outbound Logistics: Think Outside of the Trailer. To facilitate a lean fulfillment stream for our outbound logistics customers, we strive to achieve the perfect order. This is what keeps lean logistics practitioners busy – day in and day out!

[VIDEO] Logistics Beacons: Using Proximity As A Logistics Oversight Service

Cerasis

The global logistics industry generates $9.1 The global Third Party Logistics (3PL) industry generates $750 Billion in revenue as a part of that figure. There is no larger industry in the world than logistics. Technology has always played a critical part within logistics.

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This Week in Logistics News (October 5-9, 2015)

Talking Logistics

Having spent much of this week on the road, I am still in catch-up mode with emails and phone calls, so let’s go straight to the supply chain and logistics news that caught my attention: Elemica Introduces New Sourcing Optimization Solution.

Will COVID-19 Lead to More U.S. Manufacturing?

Talking Logistics

Will the COVID-19 crisis lead more companies to manufacture and source their products and materials from the United States instead of China and other countries? appeared first on Talking Logistics with Adrian Gonzalez.

Compliance is Necessary, Sourcing is Strategic

Logistics Viewpoints

Sourcing is strategic. GTC content is necessary for strategic sourcing. But what is really needed are engines that quickly allow companies to understand what they need to do in component sourcing for their products to qualify for duty free treatement.

Logistics KPIs Case Study: Whirlpool’s Supply Chain and Logistics Success Driven by Effective KPI Implementation

Cerasis

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. Whirlpool has not always considered logistics a competitive advantage.

Transportation Logistics

LeanCor

6 Solutions for Your International Transportation Logistics Challenges. While companies may see global sourcing as a means to reduce material or component costs, they must be mindful of what the customer is actually willing to pay for through total landed cost.

Space: The final logistics and supply chain management frontier

Kinaxis

by Ilyas Kucukcay Recent advancements in the space launch market may indicate an increased need for logistics and supply chain management in outer space operations. Accessing what’s beyond our globe has become an accepted source of socio-political promotion.

How Inbound Logistics Networks Can Be a New Source of Savings

Supply Chain @ MIT

Oftentimes, companies focus on their outbound logistics network to find such opportunities. […]. Featured Strategy efficiency of inbound logistics inbound logistics strategies MIT Supply Chain Management master's program redesigning inbound logistics reducing supply chain costs

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex. Creating more sustainable logistics is even more important for the trucking industry. Sustainable Logistics | Quantifying Sustainability Measures of Your Logistics. Robinson and the MIT Center for Transportation and Logistics. From shareholders to consumers, sustainable logistics has created broad value. Logistics

Finding Alternatives to Sourcing in China Can be Difficult

Logistics Viewpoints

In early November, the Northeast Cargo Symposium had a series of presentations and panels focused on how trade disputes are affecting companies that source from abroad. The post Finding Alternatives to Sourcing in China Can be Difficult appeared first on Logistics Viewpoints.

Static Inventory an Untapped Source of Working Capital

Supply Chain @ MIT

A research project* at the Zaragoza Logistics Center, Zaragoza, Spain, has developed models for […]. Featured Strategy Clariant inventory management research MIT Global SCALE Network responsive supply chains unlocking working capital Zaraoga Logistics Center

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5 Things to Know About U.S.-Mexico Logistics

Talking Logistics

Assuming current trends hold, and NAFTA remains largely intact, here are five things to consider when managing cross-border logistics between the United States and Mexico: 1. Mexico Logistics appeared first on Talking Logistics with Adrian Gonzalez.

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