Remove Procurement Remove Shipping Remove Transportation Remove Vietnam

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea. It is also airlifting parts from China to its Vietnam operations. It takes time to turn a moving ship around, though, so this will not happen immediately.

Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility

Supply Chain Nation

Lucky are the companies that can shift production to other countries like Mexico or Vietnam. By using AI and ML, companies can better model and predict demand and fine tune their inventory from procurement to transport to warehouse to routing supplies to locations ahead of demand. A New York Times article from August 2019 highlights how much artificial intelligence (AI) is indebted to humans.

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SCRC Meeting Insights Part II: Management Principles for Executing Visibility Strategies

NC State SCRC

A problem in procurement can impact manufacturing and logistics and planning, but often these dots are never connected, so there never emerges a cross-functional approach to working on them. So as you look across the enterprise, there is a need for a mechanism that pulls exceptions and pulls together in real-time a cross-functional team that can across the end to end supply chain, (including manufacturing sites, 3PL, 4PL, transportation, distribution sites, and suppliers.)

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

The new facility will allow the company to offer two-day shipping to most (about 90%) of the U.S. The company is also focusing on freight savings, expanding its TMS to include more destinations and vendors, shipping more volume through a consolidated network (instead of direct to store) and working with suppliers on various savings strategies. When customers order items not stocked at one of Belk’s fulfillment centers, those items are shipped directly from the vendor.

5 Reasons Why You Should Go for Paperless Warehousing

Vinculum

Whenever we come across this term ‘Warehouse’, we imagine a big closed place which is used for storage of the goods to be transported, whether inbound or outbound, trucks moving to and fro, lot of labourers would be working etc. Traditionally warehouse was mainly thought as a storage location where items were procured from manufacturer and supplied to retail stores (mainly bulk operation) as end customer buy from stores.