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Industry View: The Importance of Supply Chain Resilience

Logistics Business Magazine

Creating supply chain resilience is a holistic exercise that involves more than just a few savvy logistics people. As mentioned, this should not be an exercise limited to supply chain professionals. Understanding the market comes with insights into scarcity, sourcing locations and price fluctuations. Lastly, consider materials.

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Data standardization and its benefits – Executive Insights with Thomas Bagge, CEO of DCSA

Shipping and Freight Resource

A financial modelling exercise to quantify the potential cost savings of the usage of digital shipping documentation, namely the electronic bill of lading (eBL) showed that at a global economic growth rate of 2.4% For example, in the airline industry, everything is digitalized now and this happened because IATA has been defining the.

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Are your L&D programs reaping the outcomes you need?

UL EHS- Sustainability

But the most successful learning and development teams also understand how to measure the success of each training course and react accordingly. The real cause typically reveals itself quickly when you go directly to the source. Example: Testing an employee’s skills before and after the training to identify performance improvement.

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The Power of Outsourcing for Supply Chain Improvement

Logistics Bureau

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. But, of course, what those circumstances are is for you to decide. But just because you can outsource it all doesn’t mean you should. Without further ado, then, let’s move on so I can fulfil the promise above.

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Ways to Handle Excess Inventory in Retail

ShipLilly

Of course, this is only possible with goods with a long expiry date. For example, some businesses could position themselves as the source for hard-to-find items that have not been recently stocked by most rivals. Historical data, as well as informed projections, can be useful in this exercise.

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No Supply Chain Strategy? Here’s How to Develop One

Logistics Bureau

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. Ideally, though, evaluating your position against competitors should not solely be a KPI benchmarking exercise. Other sources that can reveal details about your competitors’ supply chains.

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Energy and Labour Costs: 2 Top Warehousing Challenges in 2023

Logistics Bureau

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. It also offers benefits regardless of whether you are already using energy-efficient light sources.