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!

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?

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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.

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?

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.

Make Better Logistics Sourcing Decisions with Data-Driven Optimization

Talking Logistics

Over the past few years, as supply chains have grown in scale and complexity, so has the logistics sourcing process. Mature sourcing organizations, which have been doing traditional sourcing and category management, are starting to plateau in terms of savings and impact to their organizations, yet each year are faced with increasing savings mandates and pressure to improve performance. Upcoming Episodes Elemica Kris Beck logistics outsourcing

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. Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing decisions can complicate or simplify this process.

Why Get a Product Sourcing Agent?

Supply Chain Game Changer

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Sourcing agents are an effective way of finding the most suitable supplier. Who is a Product Sourcing Agent? Why Get a Product Sourcing Agent? Subscribe Here!

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. 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. These are the must-haves for any effective freight sourcing team. Subscribe Here! Email Address.

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. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

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.

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.

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? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.

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.

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.

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. Involve suppliers early in new product (or service) development initiatives Supplier can be an invaluable source of ideas and knowledge, especially as it pertains to the materials or services you are sourcing from them. However, priority is always given to cost cutting initiatives.

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. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. Improving costs remains a core competency for any sourcing organization. Logistics. The post Strategic sourcing enters a new age.

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. There are potential uses surrounding procurement, sustainability, and strategic planning. Supply Chain Planning Satellite imagery

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.

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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2021 Logistics Outlook: Truckload Freight Market Forecast

GlobalTranz

Many furniture manufacturers reported lengthy delays for build-to-order pieces due to reduced workforces and difficulties in sourcing fabrics and components. Rapid shifts in sourcing increased shipping spend and left routing guides useless for meeting demands.

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

GlobalTranz

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.

Logistics in the City

Enterra Insights

Logistics in the city might not be as entertaining as the television show “Sex in the City,” however, topically it’s more important. ” Of course, commuter traffic isn’t the only source of urban traffic congestion. ” One big stakeholder group she left out is logistics providers. The challenge of urban logistics. When it comes to urban logistics, the battle isn’t only about traffic flow it’s about curb space.

How Machine Learning is Transforming Logistics

Logistics Viewpoints

Derek recently authored an article on Logistics Viewpoints describing recent advancements in logistics predictability through the application of machine learning. Finally, what other notable trends are you seeing in the logistics space? Other Notable Logistics Trends.

Talking Logistics: PINC and project44 Partnership Commentary

PINC

And yet, according to Logistics Management ’s most recent Technology Usage Study, only 8% of companies are currently using a yard management system (YMS). Source: Above the Fold: Supply Chain Logistics News (August 28, 2020). By Adrian Gonzalez.

Chainalytics Delivers Award-Winning Global Logistics Procurement Program

CHAINalytics

Atlanta, GA (June 25, 2019) — Supply & Demand Chain Executive, the executive’s user manual for successful supply and demand chain transformation, has included a global logistics procurement program created and implemented by Chainalytics in the 2019 SCDE 100, an annual list of great supply chain projects.

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. In less than a week in Phoenix, this year’s RILA Supply Chain conference will of course once again be no exception with a strong Logistics & Sourcing track including four sessions.

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.

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

How Inbound Logistics Networks Can Be a New Source of Savings

MIT Supply Chain

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 costsIn an age where customers are expecting faster deliveries and increased flexibility, consumer packaged goods (CPG) companies are constantly looking to evolve their supply chains.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

GlobalTranz

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

Static Inventory an Untapped Source of Working Capital

MIT Supply Chain

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 CenterInventory management policies that fail to keep pace with shifting product demand can lock up valuable working capital, especially in volatile markets.

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Local Sourcing, Global Supply Chain

BluJay Solutions

The recent announcement by Google-owned Motorola Mobility that all new Moto X smartphones sold in the US will be manufactured in Texas, highlights the continued importance of the global supply chain and role of freight forwarders and logistics services providers (LSPs) in successful local sourcing strategies. Subscribe to our blog to receive the full blog series via email and stay informed about the latest global logistics news and insight. .

Pursuing a Career in Logistics and Supply Chain

Logistics Bureau

Because there is such a wide spectrum of logistics and supply chain jobs available, it is best to categorise them in the following way: planning, manufacture, sourcing, and delivery. Sourcing. Strategic Sourcing Manager. Logistics Manager. Reverse Logistics Manager.

The Logistics & Supply Chain of Thanksgiving

GlobalTranz

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. Meanwhile, logistics operations must transport them from the farm to the production facility and beyond. Fresh turkey spoils faster and requires fast-paced logistics. Could Thanksgiving Be Possible Without Logistics? Logistics Supply Chain

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