Your 3PL as Supply Chain Risk Management Partner?

Talking Logistics

As I discussed last Friday, Accenture published a report recently on supply chain risk management. Seventy-six percent of the companies that participated in the study described supply chain risk management as important or very important, and “of the more than 1000 companies represented across 10 industries, 25 percent plan increased investments of at least 20 percent in supply chain risk management in the next two years.”.

Building the Business Case for Supply Chain Risk Management

Cerasis

But there are some risks. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Without a doubt, managing supply chain is nothing but easy. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.

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

Case Building for Supply Chain Risk Management!

Supply Chain Game Changer

When examining the risks of entering a new market, there are things to look out for that hint towards difficulty. These are a few examples of risks that you may come across. Keeping risks in mind, if you still feel that your business has enough girth to pull through to profit, then consider other things. Why are you confident that your supply chain management is good enough? Always pay attention to unknown risks. Case Building for Risk Management.

Equipping Your Supply Chain Risk Management Kit

Enterra Insights

You might find then find it surprising that a recent survey, conducted by Verdantix, found more than half of the company representatives who responded indicated “they still use a mix of spreadsheets and paper” as part of their supply chain risk management process.[1] ” It is fair to say that companies using pre-digital age risk management processes may not be taking risk management seriously enough. Digital age risk management tools.

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

Supply Chain Game Changer

In thinking about the show and its construct I thought about the incredible amount of risk that the performers and producers are managing. These world class performers have astonishing talent but they are also working in an environment designed to eliminate risk and maximize safety. Supply Chain Professionals, although not usually theatrical, also work in an environment in which they are managing a tremendous amount of risk. Supply Chain Risk Management.

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Lillian Ablon, an information scientist at the RAND Corporation, told Koebler and Cox, “Supply chain risk management is difficult enough for conventional threats (disruptions in operations caused by natural disasters, financial failures, poor quality, etc.).

Visibility is the Key to Supply Chain Risk Management

Abivin

In term of risk management, visibility is essential to enable both the business and supply chain to become more agile, competitive, and robust. If there is a particular catchword that continuously describes supply chain management, it is visibility. This is where the Warehouse Management System (WMS) and Order Management System (OMS) work together to ensure accurate inventory control. To enable it, the supervisor/manager creates a geo-fencing zone.

Put Port Resilience on the Risk Management Map

Supply Chain @ MIT

Port security is in the news thanks to the debate over a mandate to scan all containers flowing into the US and ongoing contract talks between the International Longshoremen and Warehouse Union and US West Coast waterfront employers. Also compounding the risk of economically damaging stoppages is the fact that while supply chain resilience has attracted much interest over recent years, port resilience has not garnered much attention. Ports in a storm.

AI + Data = Supply Chain Risk Management!

Supply Chain Game Changer

Cut to 2019, Deloitte published its newest CPO Survey where they found that 81% of chief procurement officers with fully implemented solutions in the space of Supply Chain Risk & Compliance Management aren’t satisfied with their solutions. AI + Data = Supply Chain Risk Management. It will have specific attributes that render it searchable for a reader interested in learning more about the topic of focus; in this case AI, Data, and Supply Chain Risk Management.

Supply Chain Risk Blog Series#1: Why Supply Chain Risk Management Should be a High Priority

BluJay Solutions

Managing the inherent risk in a supply chain has always been critical for businesses, but has become ever more so as supply chains have extended globally. With so many companies today deriving and delivering so much of their business across a larger geographical expanse, the inherent risk factor has increased exponentially in the last decade or two.

Know sooner, act faster and accelerate your supply chain performance!

Kinaxis

You need visibility that allows you to see beyond the factory’s four walls, but instead to the broader supply chain, including other sites, warehouses and if data is supplied, supplier and customer locations. Best practices Supply chain management Supply chain risk management Risk management Supply chain Supply chain analytics Supply Chain Response Management

Wanted: Supply Chain Architects!

Supply Chain Shaman

When I moved into industry, and the real world, I managed engineering teams. Each project would usually have a cool name, and management exposure. I relished the sound of a manufacturing line when I opened the door of the factory in the morning, and I liked managing inputs so that we could maximize outputs. Manufacturing is the foundation of my interest in supply chain management. I knew nothing about the world of logistics, inventory management and order optimization.

The Parallel Supply Chain … A Twilight Zone Strategy?

Supply Chain Game Changer

Every source of materials and components, every manufacturing facility, every warehouse and distribution channel, and every logistics mechanism is duplicated. To establish, manage and maintain a Supply Chain takes a lot of resource. Risk Management Supply Chain Management

A Tipping Point?

Supply Chain Shaman

While both Kraft and Heinz are under performing (Kraft has a low ROIC and Heinz is below the industry average in both operating margin and inventory turns) , there is M&A risk. Kraft is a major shipper in North America, and is very mature at the management of freight. Supply chain management is thirty years old, and many of the first and second generation of supply chain pioneers have left the industry. Yesterday morning, I woke to learn the news.

Three Reasons to Give Advanced Track and Trace Capabilities a Fresh Look

Logistics Viewpoints

Inventory Management Reverse Logistics Supply Chain Risk Management Warehouse Management Systems The need for track and trace capabilities in industries such as food and beverage, manufacturing or automotive industries is obvious: the threat of contamination or recalls impacts public safety, and the responses to those events are highly regulated. Organizations need to know what goes into their products and their location at all times.

Countdown to Black Friday: Are You an Easy Target for Cargo Theft?

Talking Logistics

Holiday weekends and the weeks leading up to the Black Friday retail shopping holiday are prime times for organized crime groups to target the trucks, warehouses, and distribution centers that send or receive those goods. Remember that freight at rest is freight at risk. Christopher McLoughlin is Risk Manager at C.H. He is responsible for developing, implementing, and managing strategic programs focused on risk prevention attributable to various cargo.

Cargo 158

Step Five: Stage Five Supply Chain Planning System of Record (SCP SOR)

Kinaxis

How do you manage the risk? Risk management is being seen as a strategic imperative in supply chain. They already had a risk management strategy in place using what if scenarios. A recent Forbes article said ‘the more paths travelled the greater the likelihood of coming up with the best answer’ That is really what risk management is about. How does risk management relate to a SCP SOR?

Throwback Thursday

Supply Chain Shaman

Today, managing a medical device supply chain is tougher. This is why I think that the industry needs to get serious about supply chain management. Yet, the attendees wanted to discuss Lean warehousing. With the shift of inventory back in the supply chain, there is a lot of discussion on Vendor Managed Inventory (VMI). Demand Market-Driven Risk management affordable care GS1 GTIN healthcare medical device supply chain UDI

The Hackers Inside Your Supply Chain

Talking Logistics

While the Coast Guard initiated a number of activities and coordinating strategies to improve physical security in specific ports, it has not conducted a risk assessment that fully addresses cyber-related threats, vulnerabilities, and consequences. Until the Coast Guard completes a thorough assessment of cyber risks in the maritime environment, the ability of stakeholders to appropriately plan and allocate resources to protect ports and other maritime facilities will be limited.

This Week in Logistics News (February 23-27, 2015)

Talking Logistics

DHL launches next phase Resilience360 risk management tool to help customers avoid global disasters. Yes, 3PLs provide customers with multiple logistics services like transportation management and warehousing, but they are also in the business of providing (among other things) risk management capabilities to help customers minimize or eliminate supply chain risks, and more importantly, to help them recover from supply chain disruptions faster and with less impact.

This Week in Logistics News (January 19-23, 2015)

Talking Logistics

” Companies have historically overlooked B2B Connectivity when evaluating supply chain software solutions, such as transportation management systems. Instead, companies should view B2B Connectivity as a utility and outsource it to a Supply Chain Operating Network, where data quality management is central to their business model and value proposition.

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

Are you attending the Council of Supply Chain Management Professionals (CSCMP) Annual Conference later this month (September 25-28 in Orlando, FL)? If so, I invite you to attend two of the sessions that I am participating in, both related to transportation management: TMS 4 SMB: A Case Study with Carhartt. Speakers: Sharon Perry, Vice President of Logistics, Carhartt; Gregg Lanyard, Director, Product Management, Manhattan Associates; Adrian Gonzalez, President, Adelante SCM.

Do You Have a Proactive Supply Chain Design or a Reactive One?

Talking Logistics

In the era of pencil and paper, reactive supply chain design was something of a necessity: supply chain managers were busy running the chain itself. With such widespread advances in digital help both inside and outside the warehouse, the modern supply chain should naturally gravitate toward proactive design. Inventory age optimization, which pinpoints the risks of products aging out, perishing, or becoming otherwise unsalable through stagnation.

This Week in Logistics News (June 20-24, 2016)

Talking Logistics

Behind those Amazon Prime boxes, a bull market in warehouses (Reuters). In other news, The Council of Supply Chain Management Professionals (CSCMP) released its 27th Annual State of Logistics Report, which revealed that “total U.S. A beautiful woman passed away this morning, my wife’s aunt who we all loved, so I will be brief with my comments about this week’s supply chain and logistics news. s ‘Brexit’ Vote Changes European Business World (WSJ – sub. req’d).

This Week in Logistics News (April 28 – May 2, 2014)

Talking Logistics

Resilinc Announces SupplyIntel Corporate Social Responsibility (CSR) Module to Protect Against Brand Risk. DOT Secretary Foxx sends transportation bill to Congress (Logistics Management). Execution-aware planning that eliminates silos to proactively understand and plan against downstream constraints such as carrier capacity and warehouse throughput to eliminate bottlenecks and excess labor costs. .

What is the Biggest Blind Spot in Your Supply Chain?

Talking Logistics

Nobody really owns or is accountable for supply chain visibility and data quality management. What is happening to BMW today is another case study in supply chain risk management. For related commentary, see my June 2015 post, Time to Survive and Nexus Supplier Index: New Measures of Supply Chain Risk Management.]. Inbound deliveries to factories/warehouses. Supply Chain Risk Management BMW Bosch supply chain visibility

Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

In fact, according to a survey conducted by Labelmaster and Hazardous Cargo Bulletin — The Global Dangerous Goods Confidence Outlook — more than one-quarter of the respondents are still doing dangerous goods compliance manually and they’re not even using general shipping or warehouse software or systems provided by carriers. As I wrote more than three years ago in A New Era for Global Trade Management Software? :

Cargo 94

5 Supply Chain Trends You Can’t Ignore (Takeaways from Accellos Conference)

Talking Logistics

Time to Rethink Supply Chain Risk Management. Put differently, companies need to embed supply chain risk management within their corporate DNA. The goal is to incorporate risk in the decision-making process at all levels of the supply chain, just like cost is today. In other words, supply chain professionals need to get to the point where talking and thinking about risk is as common and instinctual as talking and thinking about cost and service.

Lars Syberg : “Taming Tigers’ supply chain is a real challenge”

Supply Chain Movement

I think I was chosen by MöInlycke because they needed a risk taker who would shake things up and make changes. I’m directly involved with inbound, outbound and warehousing as well as sourcing, most of which is done in the Far East. I need to reduce lead-time, improve forecasting, sourcing and risk assessment and I need to model all these things into a system. We now know where we have to prioritise but we are flying so we have to take risks.

This Week in Logistics News (January 8-12, 2018)

Talking Logistics

Ocado to wheel out C3PO-style robot to lend a hand at warehouses (The Guardian). I typically don’t comment on management changes, but Frank has been a guest on Talking Logistics several times, most recently in October 2017 to discuss “ A Sustained Market Shake-up: What M&A Activity Means for the Transportation and Logistics Industry.” What can I do if I have writer’s block?

Supply chain impact before, during, and after Hurricane Irma

Kinaxis

If your supply chain happens to support the disaster recovery in any way, thoughts to a spike in demand is something else to manage. At risk of beating our supply chain chest, practitioners have certainly learned their lessons from past experiences like Hurricane Matthew. Many companies like Home Depot and Target were working with warehouses and distribution centers to ensure stores were well stocked.

Updated IT Subway Map: Major acquisitions in SC software

Supply Chain Movement

as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems. furthermore, because the continuing growth in outsourcing is making global businesses ever-more susceptible to disruptions, supply chain risk management software is also on the rise. Risk and Order Management. directly from their suppliers, from their own warehouse or even from a retail store).

New 3PL Study: The State of Logistics Outsourcing

Supply Chain Movement

Respondents are investing in warehouse management systems (58%), enterprise resource planning software (54%), transportation management systems (54%), supply chain visibility (43%), warehouse management system add-ons (33%) and RFID (21%). Strategic Workforce Management Throughout the Supply Chain. Strategic workforce management will be particularly important for the 3PL industry as it is expected to face a shortage of talent.

Study 80

4 Tips to Ensure the Upcoming Eclipse Doesn’t Leave Your Supply Chain in the Dark

TMC

From hurricanes to cyber-attacks, supply chain managers have to anticipate and manage the impacts of unplanned disruptions. Facilities, like warehouses, that are located in impacted areas can offer valuable information and a localized perspective of the road ahead. Deploy dock management tools. For example, do the mix of modes used, length of haul, and the type of cargo in transit heighten the risk of a delay in areas that are impacted?

Be ready for the drone invasion @ warehouse!

Infosys Supply Chain Management

Time is ripe to induce more technology into core operations of supply chain like warehouse operations, yard operations and so on. Here I would like to discuss on how to capitalize advances made in drone technology can add value in warehouse operations. Traditional warehouse managers have always been looking for ways to improve productivity of the operations and people in warehouse. Annual stocking : In a warehouse the storage locations and pallets are bar coded.