Blockchain and Reverse Logistics: Recapturing Costs and More

Cerasis

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. This is why blockchain in reverse logistics go well together. Blockchain Reverse Logistics

What Exactly Is Reverse Logistics?

Supply Chain Game Changer

And then at some point all of these activities were included under the banner of “Reverse Logistics” What on earth is Reverse Logistics? So What Is Reverse Logistics? The term “Reverse Logistics” was first coined by James R.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. Supply Chain Managers and Procurement Professionals Avoid the Conversation.

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. However, 48 to 72 hours would be an ideal lead time, reports Steve Raetz of Logistics Viewpoints.

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

Recovering your assets is a difficult task no matter what your occupation with reverse supply chains in the marketplace. Effective Reverse Supply Chains. As most warehouse strategies are formed to combat issues of product shortage or provide important accounting data regarding a product, technology has been created to help reverse supply chains and drive larger recovery by serving the business needs for selling surplus. Reverse Logistics Supply Chain reverse supply chains

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. The Supply Chain arranges for the appropriate logistics, and negotiates terms and conditions with Suppliers, audits Suppliers, and deals with quality strategies and issues.

Welcome To The Supply Chain Game Changer™ Blog

Supply Chain Game Changer

On top of that we want to share anything and everything related to Leadership, Change Management, Technology, Procurement, Purchasing, Distribution, Logistics, and more. SupplyChain #SCM #Logistics #Procurement #Leadership #Change #ECommerce #Business #Transformation #Freight.

How Last Mile Delivery Affects the Supply Chain

The Network Effect

The orchestration of processes and information for the procurement of goods to the “last mile” delivery to the customer is a required competency in today’s direct to consumer marketplace. Returns and Reverse Logistics. The Network Effect appointment scheduling delivery last mile logistics optimization reverse logistics route planningBy David Meyers. Principal, Supply Chain Technology, Tompkins International.

DC 130

What is Supply Chain Management (SCM)? (Video)

Supply Chain Game Changer

What Exactly Is Procurement? What Exactly Is Reverse Logistics? supplychainmanagement #scm #supplychain #procurement #logistics #distribution #purchasing #technology. Freight and Logistics Inventory Management Procurement Reverse Logistics Supply Chain Management Technology Distribution Logistics Purchasing SCM supplychain supplychainmanagementSubscribe Here! Email Address. And What is Purchasing?

SCM 47

Supply Chain as a Service (SCaaS)!

Supply Chain Game Changer

The 3 Pillars of Digital Procurement! You can outsource your Manufacturing, Distribution, Procurement, Logistics, Accounts Payable, Transportation Management, Systems and more. We had phenomenal, global capabilities in Logistics and Procurement. The first problem was that no matter who we talked to at the company to introduce the service, including CEOs and CFOs, the next step always involved us getting referred to the Procurement department.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Now consider that this same data entry occurs between all suppliers, customers and logistics carriers. It will include any of your logistics carriers and all of your customers. Planning, Procurement, Manufacturing, Logistics, Inventory Management and more are most often activities assigned to some internal organization. supplychainmanagement #supplychain #scm #futurism #procurement #logistics #technologytrends. Subscribe Here! Email Address.

Our 2019 Top 10 List!

Supply Chain Game Changer

Here at Supply Chain Game Changer our fundamental mission has been to share experiences and expertise in the areas of Supply Chain, Logistics, Distribution, Procurement, Business, Human Resources and more. Hey Procurement! Procurement is a critically important function in virtually every company. Without Procurement, or Purchasing, most organizations could not even function. In this article we promote the value of Procurement. Hey Procurement!

Our 2018 Top 10 List (Part 2)!

Supply Chain Game Changer

What Exactly is Procurement? What Exactly Is Procurement? Procurement and Purchasing are also two terms that can be used synonymously by some but they are also used to describe two different things by others. Procurement sounds similar but it seems to be a loftier term in some respect. What Exactly is Reverse Logistics? What Exactly Is Reverse Logistics? Reverse Logistics is another phrase that is not necessarily understood by all.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

The election is over, but the race is just starting for logistics providers. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. Fortunately, your organization can get ahead of the learning curve by knowing what trends in logistics to watch for this year. The Top 6 Trends in Logistics Impacting Shippers in 2016. Autonomous Trucks Will Drive Logistics Forward. Logistics

Trends 225

Top 15 Logistics Blog Posts of 2014

Cerasis

We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. There are countless number of logistics service providers who offer many different types of broad and niche services. Top 15 Logistics Blog Posts of 2014.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Total cost of ownership (TCO) is a Procurement sourcing methodology which entails taking into account all aspects of doing business with a supplier, not just unit costs. TCO models can include variables such as unit price, Accounts Payable terms, cost of quality, lead times, technological value, logistics costs, management costs and more. Don’t Overlook the Role of Reverse Logistics. Reverse logistics is a pivotal lever in the fight to combat any crisis.

Iran 72

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Check out What Exactly Is Reverse Logistics? Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. Subscribe Here!

Tips for Effectively Managing E-Commerce Logistics

Cerasis

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. What Are the Challenges in Managing E-Commerce Logistics? E-Commerce LogisticsE-commerce is in the middle of a boom.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Invariably those metrics include cost reduction, productivity improvement, delivery performance, lead time reduction, asset velocity, cash flow improvement, customer satisfaction, revenue growth and enablement, competitiveness, environmental protection and sustainability, and product return rates and reverse logistics. Business Process Optimization Freight and Logistics Lean Process Improvement Procurement Supply Chain Management Productivity improvementSubscribe Here!

Blockchain for Bill of Lading – A Much Needed Update to the Traditional Bill of Lading for E-Commerce?

Cerasis

Use for transparency and traceability for buyers, marketplaces, sellers, and consumers, unifying the history of a product from procurement to end-users, as well as throughout returns, if necessary. How Surface Mode Shippers Can Compete in E-Commerce Logistics. Remember the reverse logistics supply chain use of blockchain. Reverse logistics will also see gains through blockchain technology. Blockchain E-Commerce Logistics

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

Every part of your Supply Chain from suppliers, to logistics carriers to Distribution Centres, Manufacturers and Marketing channels must all have sufficient capacity to meet your needs. Their Sales teams will want to pad forecasts and hedge demand but their Procurement teams will want to give you forecasts that they are more confident in. As the saying goes “With great power comes great responsibility” Procurement integrity is absolutely essential. Subscribe Here!

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

Even JP Morgan, Microsoft, and Google, reports Jonathan Chester of Forbes , are working to increase blockchain development and innovation, and supply chain leaders need to understand how the use of blockchain in supply chain and logistics will bring about lasting change and improvements in efficiency. Blockchain is entering a phase of development that will affect every aspect of supply chain and logistics management, ranging from procurement to forward logistics and beyond.

The Baby Supply Chain!

Supply Chain Game Changer

This involves a set of logistics in and of itself in terms of going to the doctor, having the tests done, sending the tests to a lab, and having the results returned. Over time they will try to time when baby is fed as they work to get the baby on a regular sleeping schedule. Logistics comes into play in the Baby Supply Chain. Reverse logistics in action. SCM #SupplyChain #supplychainmanagement #logistics #freight #transportation #distribution #procurement #baby.

Food 52

Want to Improve Supply Chain Performance and Profitability?

OneSCM

This silo mentality, along with the physical inability to distribute information in real-time, can make it difficult to determine if and how operational decisions will affect an organization, starting with sourcing and procurement and ending with reverse logistics.

Mitigating Logistics Risk Through Blockchain

Shipchain

Logistics will always contain risks, but the use of blockchain in supply chain management can go a long way in prevention and mitigation. Let’s look at the problem of risk management in logistics and how traceability through blockchain reduces those risks.

Managing Supply Chain SLAs Through Blockchain: Is Blockchain the New Incoterm?

Cerasis

For instance, procurement and reverse logistics processes, such as reclamation of raw materials and metals from old products, may be enhanced through blockchain technology to document the origin of a product prior to manufacturing. Service level agreements (SLAs) can vary in scope, complexity, duration, and value. Managing supply chain SLAs have the added complication of geographic and cultural barriers.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

Our services help clients develop the right supply chain strategy for their business challenges and implement the process and technology solutions to improve Demand/Supply Planning, Procurement and Sourcing, Logistics and Warehousing, and Reverse Logistics business performance. PRESS RELEASE. New survey finds that most companies are still formulating and gaining support for a digital strategy, with fear of change and data challenges as leading roadblocks. .

Study 131

Want to Improve Supply Chain Performance and Profitability?

OneSCM

This silo mentality, along with the physical inability to distribute information in real-time, can make it difficult to determine if and how operational decisions will affect an organization, starting with sourcing and procurement and ending with reverse logistics. Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers.

Report Points to Increase of Shippers Outsourcing Transportation Management Due to These 4 Core Benefits

Cerasis

Consider the many shippers who have outsourced transportation management and other logistics functions to third-party logistics (3PL) providers the past few years. A distributor or manufacturer’s strength is in making product—its focus is procurement and streamlining production, but without the capability to fulfill orders, it is doomed. third party logistics industry was at a healthy 4.5 Businesses today often need a bit of help moving their bottom line forward.

How to Reduce Fraud in Logistics

Shipchain

Fraud in logistics is a major problem. Fraud in Logistics and Supply Chain s Is Rampant. Any solution to the problem of fraud in logistics must find a way to tackle all of these issues at once. It could occur in the procurement of raw materials, manufacturing of products, selling and distribution of products, or in reverse logistics. Take Action Against Fraud in Logistics by Learning More About Blockchain.

Adapting Pharmaceutical Companies’ Distribution and Supply Networks

Jaggaer

For more on pharmaceutical procurement, register for our upcoming webinar. Once the supply and distribution routes are mapped, clients can begin the sourcing process to dig deeper and understand what each third-party logistics provider can offer. Contract managers must ensure clear rules are defined, specifically regarding product reception, batch recall, quarantine management and reverse logistics.

The Astonishing Benefits of Supply Chain Visibility and Their Impacts

Shipchain

The logistics operation of one company, especially if those operations do not follow sustainable practices, could push customers further toward your competitors. The supply chain should also track that the products perform as expected upon delivery, and if necessary, monitor any possible returns through the reverse logistics supply chain. Blockchain Industry Logistics Supply Chain increased visibility suppy chain track and trace

Should I Consider Outsourcing Supply Chain Processes?

ToolsGroup

Now companies have started outsourcing supply chain business processes like planning, direct procurement, order management, inventory optimisation and reverse logistics. If your New Year’s resolution is to lose some weight, consider outsourcing supply chain processes. We will describe how to choose a partner, but first let’s take a look at why to consider outsourcing at all.

What Supply Chain Data Should I Track in 2020?

Veridian Solutions

To ensure your company tracks the right supply chain data in 2020, approach data management from a critical view—considering its impact from procurement through outbound freight and even reverse logistics. Supply chain data management requires attention to detail and a mechanism in place that provides analytics, or insights, to gain actionable knowledge. Risk exists around data when it is incorrectly or inaccurately collected and shared.

Data 43

7th Hi-Tech & Electronics Supply Chain Summit

Supply Chain Movement

Reverse Logistics and Aftermarket Services – Enjoy a bumper session on this topic: explore the secondary market channels available to your business, discuss how you can improve visibility on the first mile back and get the latest update on WEE. Mark Slegers – VP Procurement & Supply Chain – Telenet. Daan Van Der Mijden – Director of Reverse Logistics – TomTom. 7th Hi-Tech & Electronics Supply Chain Summit.