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7 ways technology augments effective procurement in the shipping industry

FreightWaves SONAR

Load capacity limits play a crucial part in a supply chain network organization, logistics metrics management, and procurement in the shipping industry. Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries.

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In Focus: 2023 SCM Strategies for Industry Leaders

Locus

Effective Technology Implementation: Surprisingly, despite technological advancements meant to enhance productivity, labor productivity has been at its lowest in a decade. Many firms are adopting a range of technologies to improve supply chain operations, including industrial automation.

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Who Eats the Cost When Your Delivery Contains a Damaged Product?

Shipchain

In some cases, you might not even have to return the damaged product , saving you that trip to the post office. But the question remains– who is eating the cost of that damaged product ? So who eats the cost- whether it be a one-off damaged product or an entire pallet worth millions? appeared first on ShipChain Blog.

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Top 10 Key Performance Indicators for Shipping Industry

FreightWaves SONAR

Tracking the top key performance indicators for shipping industry success, or supply chain KPIs , means boiling them down the essence of these 10. Another excellent way to gauge activity within the industry surrounds the volume of new truck orders by class. Data for the sake of data lacks value. Wait times. Tender rejections.

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10 Hilarious Logistics Memes That Resonate with the Supply Chain Industry

Locus

If your business says that the product will be delivered before 6 pm, it can be 10 am, 11 am, or even 3 pm. By mentioning that the product would be delivered between 5 pm and 6 pm, customers find those deliveries more predictable. But more than speedy deliveries, customers want predictable deliveries.

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Why the Diamond Industry Should Leverage Blockchain

Shipchain

But the diamond industry can be tricky, and a diamond’s journey from the mine to consumer is complicated. So how could blockchain help the industry? What Makes the Diamond Industry So Complex? In order to accomplish everything, the diamond industry relies heavily upon intermediaries. . Read on to learn more.

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Responding to Supply Chain Disruption Amid COVID-19

AIMMS

T he apparel industry, for instance, is bracing for a prolonged period of low activity. Online g rocers , on the other hand, are struggling to fulfill orders as demand for food and other essential products surges. Demo in Network Design Navigator . The volatility we’re seeing is unprecedented. We’re here for you.