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. In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing? procurement #purchasing #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.

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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?

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

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.

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.

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.

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.

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.

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.

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.

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.

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. When it’s all said and done, there will be many lessons learned, but the question right now is: How can supply chain and logistics. Read more Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals.

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.

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.

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. Planning and optimization software, powered by mathematical optimization, can perform calculations based on all available data sources to generate optimal plans It will help your planners manage existing resources and constraints to meet your business goals.

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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. In the longer term he says they are focused on “Diversification of sourcing, reducing the dependence of single-source suppliers, and developing relationships with the key partners or IT [vendors] … and invest like no other into demand planning and control towers to give us the most fine-tuned information,” and ability to start making “crystal-ball like” predictions.

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

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

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. .

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

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. Furthermore, Chinese suppliers may not look too kindly on the loss of business and may make it difficult for such enterprises if they need to source Chinese-made components or raw materials in their future operations. Covid 19 Global Sourcing

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. 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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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. The perfect order is determined by the “8 Rights” – we want to deliver the right product, in the right quantity, to the right place, at the right time, in the right quality, from the right source, at the right price by providing the right service to our downstream customers.

Unlocking the Value in Blockchain for Logistics

Cerasis

The value in blockchain for logistics is about more than just retaining information. Blockchain technology builds value in the supply chain through better transparency and process standardization, but it holds additional value through new logistics services and business models.

5 Skills Necessary For Maximizing Logistics Effectiveness

Cerasis

. Editor's Note: Today's blog is from our friend Robert Everett who gives us some fantastic tips for managing logistics effectiveness. In this article, I propose to have a look at several logistic skills that, besides the specific knowledge in this area, will help to maximize the logistics effectiveness. It is when an employee can honestly share his real views and thoughts regarding the problem or operational issue with all the performers involved in the logistics process.

[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. These are huge numbers that represent the movement of every good across the globe and the reason we are seeing the rise of Logistics Beacons as a way to increase logistics and supply chain visibility. . There is no larger industry in the world than logistics. Tagging Moving Cargo with Logistics Beacons.

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Healthcare Logistics

LeanCor

Healthcare Logistics: A Network Design Case Study. 23 million dollars in total healthcare logistics cost savings; how would that make you feel? Constructing a total cost model and performing a Greenfield analysis to identify optimal distribution center locations and transportation network allowed the LeanCor engineers to identify $23M total healthcare logistics cost savings for a healthcare product distributor. By: Leeanna Thomas – Manager Business Development. $23

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. APICS Announces New Certification Program Designed for Logistics, Transportation and Distribution Professionals. Simply put, as supply chains have grown in scale and complexity, so has the logistics sourcing process.

Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

Cerasis

Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. According to DHL , procurement logistics includes obtaining the following necessities: Raw materials. Where Do Logistics Providers Come Into Play With Procurement Logistics?

The Top 5 Changes That Occur With AI in Logistics

Cerasis

There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. In general, the predictive analytics solutions in logistics and supply chain are on the rise. The Top Logistics Trends that Will Impact Logistics Management in 2018?.