Logistics Business Magazine

MARCH 24, 2023

Resilinc is outlining five strategies businesses can employ to mitigate financial risk across their supply chain. Launch risk surveys to individual suppliers to assess financial status and highlight any weaknesses. Ultimately, it’s far more cost-effective to support existing suppliers than source new ones unexpectedly.

Collaboration 52

Collaboration Expense Reduction Cost Reduction Optimal Sourcing 52

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. Supply Chain Strategy. Now for those statistics I mentioned.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 122

Logistics Viewpoints

JANUARY 25, 2024

Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supply chain and your data. Getting started with AI in supply chain might not start where you think.

Supply Chain Planning Software 139

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 139

3PL Links

JULY 7, 2023

The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Professional training, analytical skills, strategic vision, and, of course, proper systems must all be balanced.

Supply Chain Software 48

Supply Chain Software Supply Chains Data Logistics Network Optimization Software 48

Turvo

JUNE 10, 2020

Few areas of the supply chain are more susceptible than sourcing strategies. In the global economy, manufacturers may source raw materials from affected regions. Digital, Resilient Operations Mitigate Supply Chain Disruptions Digital supply chains are naturally resilient. Without an adequate supply, the supply chain shuts down.

Supply Chain Planning Software 53

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 53

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. Supply Chain Strategy. Now for those statistics I mentioned.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Logistics Viewpoints

MAY 27, 2021

Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. In a McKinsey surveyed, 59% of participants stated that a lack of executive vision was a significant obstacle to the digital transformation of their organization. [2] The payoff is well worth it.

eCommerce 139

eCommerce Optimal Sourcing Supply Chain Software Supply Chain Planning Software 139

Logistics Bureau

OCTOBER 28, 2020

Confusing Strategic with Single (Sourcing). Single sourcing is a supply chain trend which can easily lead to mistakes for small and medium-sized businesses, especially if it’s chosen as a strategy without regard to the potential risks. Sourcing product from secondary suppliers where primary suppliers are impacted.

Supply Chain Planning Software 82

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 82

AIMMS

FEBRUARY 3, 2020

Moving past waste, water, and C02 reduction, they have begun searching for renewable energy sources, different forms of packaging, and increased efficiency overall. More and more enterprises will be focusing on processes like ethical sourcing, reverse logistics, and using green materials in response to public demands.

Supply Chain Planning Software 133

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 133

Logistics Bureau

APRIL 18, 2019

Source: Council of Supply Chain Management Professionals 2017 Survey. Of course the same is true in many professions, but is particularly so in the arena of supply chain and logistics. Let’s look at them from the perspective of the supply-chain Plan, Make, Source, and Deliver model. Sourcing and Purchasing. “I

Manufacturing Procurement 96

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 96

Turvo

JUNE 16, 2020

So it comes as no surprise that the biggest challenges for shippers, according to a 2019 survey, published by Inbound Logistics , revolve around lowering freight spend and e-commerce: “Nearly two-thirds of them—63%—cite cutting transportation costs as an important focus of their logistics efforts.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Sourcing Strategies Cost Reduction Expense Reduction 64

Logistics Bureau

OCTOBER 28, 2020

Confusing Strategic with Single (Sourcing). Single sourcing is a supply chain trend which can easily lead to mistakes for small and medium-sized businesses, especially if it’s chosen as a strategy without regard to the potential risks. Sourcing product from secondary suppliers where primary suppliers are impacted.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 62

Freightos

MARCH 17, 2019

Source: SGX, Freightos Baltic Index. So we asked them by conducting a survey in November 2018. This strategy is already used by US companies on $100 billion worth of product s such as oil, corn, gold – even dry bulk shipping. This, of course, requires a reputable global freight index. But it doesn’t have to be like this.

Optimal Sourcing 48

Optimal Sourcing Procurement Price Reduction Freight 48

AIMMS

FEBRUARY 3, 2020

Moving past waste, water, and C02 reduction, they have begun searching for renewable energy sources, different forms of packaging, and increased efficiency overall. More and more enterprises will be focusing on processes like ethical sourcing, reverse logistics, and using green materials in response to public demands.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 62

Blue Grace Logistics

SEPTEMBER 12, 2017

Results from the 2017 study show that roughly 75% of respondents are using the mix strategy (be all things to all people) as the predominant approach for their companies compared to the 51% who we reported utilizing a mix strategy in our 2016 results. Cost is, of course, another important aspect of running a successful business.

Cost Reduction 66

Cost Reduction Logistics Network Optimization Software Price Reduction Sourcing Strategies 66

Ship Monk

JULY 27, 2022

We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. Keep reading to learn what demand forecasting is, why you need it, and how to implement it into your eCommerce strategy! Luckily, this is one problem that doesn’t require divination to solve.

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Penske Move Ahead

OCTOBER 1, 2019

The majority of respondents taking part in the 2019 Council of Supply Chain Management Professionals/Penske Logistics Young Professionals Survey, which surveyed more than 100 supply chain professionals under age 30, said they enjoy working in the supply chain and that it makes them content.

Supply Chain Planning Software 25

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 25

GlobalTranz

JANUARY 24, 2018

2018 will see more supply chains pursue omnichannel strategies , eliminating inconsistencies and disparate systems and creating a cohesive, shopping experience for consumers. However, the possibility of complete withdrawal from existing free-trade agreements is a source of great concern for supply chain leaders. Download ebook.

Supply Chain Planning Software 64

Supply Chain Planning Software Supply Chain Software Supply Chains Negotiating Skills 64

Penske Move Ahead

OCTOBER 1, 2019

The majority of respondents taking part in the 2019 Council of Supply Chain Management Professionals/Penske Logistics Young Professionals Survey, which surveyed more than 100 supply chain professionals under age 30, said they enjoy working in the supply chain and that it makes them content.

Supply Chain Planning Software 20

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 20

GlobalTranz

MARCH 28, 2017

In fact, 44 percent of shippers and 86 percent of 3PLs surveyed cite collaboration with competitors as a strategic value in entering and continuing the 3PL-shipper partnership. Of course, there are still hold-outs that foresee possible problems with these relationships. 3PLs are changing globally. The IT Gap Has Reached a Record-Low.

Study 75

Study Logistics Network Optimization Software Cost Reduction Resource Reduction 75

GlobalTranz

JANUARY 9, 2017

Per GT Nexus , 75 percent of executives surveyed recognized the digital supply chain as an important factor for the next five years. Technology will only delivery […] if it’s implemented with strategy and operations that adhere to best practices.”. Augmented Reality Found Its Place Among Consumers. .

Supply Chain Software 79

Supply Chain Software Supply Chains Optimal Sourcing Digital 79

Logistics Bureau

SEPTEMBER 26, 2018

The company was replenishing dealers’ inventory on a weekly basis, by direct shipment and cross-docking operations, from source warehouses located near Deere & Company’s manufacturing facilities. Retail activity is extremely seasonal, with the majority of sales made between March and July.

Cost Reduction 85

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 85

Logistics Bureau

SEPTEMBER 28, 2020

There are, of course, some other important differences between the two types of providers: 4PL is, in general, better suited for medium-to-large businesses , while 3PL is more suited to small-to-medium businesses. Unlike a 4PL, however, it won’t manage the paint maker’s entire supply chain. The Future of 4PL.

4PL 116

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 116

GlobalTranz

JANUARY 10, 2017

Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

GlobalTranz

JUNE 15, 2017

Of course, it is not an absolute must among the logistics skills to have a basic knowledge about IT or technology-specific area to be good at supply chain domain. The reality is being changed very fast, so people are sharing their knowledge and experience as well as are providing their gains as the open source.

Buyer Training 84

Buyer Training Logistics Network Optimization Software Vendor Strategies Supply Chain Software 84

Blue Grace Logistics

SEPTEMBER 20, 2018

truck drivers still use paper logs to track hours of service, despite the federal mandate, says a new survey with 2,400 respondents from software-as-a-service (SaaS) company Teletrac Navman that provides GPS fleet tracking. . Source: [link]. Even still, one-third of U.S. 28 and another $142 million as of Aug.

Capacity 48

Capacity Negotiating Skills Optimal Sourcing Vendor Strategies 48

GlobalTranz

JANUARY 17, 2017

Of course, reports Predictive Analytics Times , analytics also possess potential to change how companies obtain the raw materials for their products. In fact, 97 percent of manufacturers cite the IoT as the most important technology to impact the industry, explains a survey by Zebra Technologies, reports Macrofab.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

WorkWave

FEBRUARY 26, 2021

To harness that power in 2021, there must be a well-planned strategy that balances brand building, relationships and engagement, and performance marketing. Moving through 2021, make sure you are thinking about the full funnel and not siloing organic social vs. paid social when creating your social strategy.

Digital 64

Digital Modeling Software Sourcing Strategies Resource Reduction 64

GlobalTranz

JANUARY 28, 2016

Additionally, 81 percent of students who participated in Manufacturing Day 2015 who were surveyed showed an increased interest in pursuing a manufacturing career. For example, the Hirschvogel Automotive Group launched a program to teach students the art and skill set of working as a machinist in a die and punch shop .

Manufacturing Procurement 77

Manufacturing Procurement Sourcing Strategies Buyer Training Material Savings 77

The Logistics Academy

SEPTEMBER 28, 2017

Over the course of 2016, real revenue and volume growth in the air and sea freight forwarding markets was remarkably similar globally, but this disguises significant differences across important countries and regions, say analysts who keep a close eye on the market. Source: LogisticsManagement . Digitize or die.

Freight forwarding 56

Freight forwarding Digital Supply Chain Planning Software Freight 56

CH Robinson Logistics

APRIL 19, 2021

Key driver demographics are in a divergent course with a rise in retirement through 2025 and decline in 21-year-olds through 2023. We have also confirmed this through voice of carrier surveys and business review conversations. 2) Source: NAM March 3/29/21 Monday economic report. (3) As of February 2021, the U.S. 3) [link]. (4).

Trucking 65

Trucking Inventory Reduction Price Reduction Waste Reduction 65

Logistics Bureau

MAY 24, 2019

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. The company grew substantially over the course of two decades, achieving a considerable portion of that growth by way of acquisitions.

Cost Reduction 65

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 65

247 Customs Broker

FEBRUARY 1, 2018

A recent series of surveys conducted by a prominent industry think tank indicates that the current state of global logistics is characterized by extreme urgency and the pressure to deliver above and beyond—regardless of mode. In each case, innovation and disruption was regarded as a “double-edged” sword. Technology key to logistics evolution.

Logistics Network Optimization Software 28

Logistics Network Optimization Software Global logistics Supply Chain Planning Software Supply Chain Software 28

Logistics Bureau

JANUARY 8, 2019

Source : Logistics Management 2018 Distribution Center Survey. . New Networks, New Tools, New Strategies. Of course, the distributed inventory model will present challenges for retailers and 3PLs alike, especially when it comes to demand forecasting and knowing where to place inventory.

Supply Chain Design Software 67

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 67

Bringg

MARCH 24, 2021

That being said, it’s also as important to consider competitors’ strategies to respond to demand. . This phase is concerned with everything starting with retailers sourcing products from the manufacturer or manufacturing the products themselves as a brand (which also includes steps such as assembling and product testing).

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

Supply Chain Brain

JANUARY 29, 2018

When it comes to actual stores, of course, retailers have the disadvantage of not knowing who’s shopping at any given moment — at least until someone makes a purchase. They’re scrutinizing store traffic patterns, surveying shoppers, even placing sensors at the door. Retailers are working hard to correct that drawback.

Purchasing Skills 40

Purchasing Skills Price Reduction Procurement Solutions Sourcing Strategies 40

GlobalTranz

DECEMBER 18, 2015

In the supply chain articles category it is clear the top ten are all about trends, facts, technology, and of course optimization. Jabil sponsored a global Dimensional Research survey to capture hard data on current experiences, challenges and trends with the supply chains of electronics manufacturing companies.

Article 71

Article Supply Chain Software Supply Chains Inventory Reduction 71