Tue.Aug 29, 2023

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11 supply chain management best practices

Taulia

Blog Expert Advice 8 min read 29 Aug 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 11 supply chain management best practices The supply chain encompasses the entire process of producing and distributing goods or services, from procuring raw materials to delivering finished goods to customers.

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Risk Management Can Be a Competitive Advantage, Part Two

Enterra Insights

“The human race has long appreciated that disruptions are part of life,” writes the staff at Logility, “they come in waves, and the best laid plans don’t always result in the outcomes we work to achieve.”[1] In Part One of this article, I noted that the World Economic Forum believes we have entered the age of the polycrisis — the simultaneous convergence of a number of crises.

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Why is Collaboration Important in Supply Chain Management?

QAD

The digital supply chain forecasting process is critical for any organization’s success. It helps to ensure that the right products are in the right place at the right time, minimizing stockouts and overstocking, reducing costs and improving customer satisfaction. However, to achieve an accurate and effective digital supply chain forecasting process, it is essential to collaborate with both sales teams and suppliers.

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Understanding the True Value of OMS: Seven Signs of Optimization

BlueYonder

Having a disjointed view of inventory and customer data across both physical and online channels is no longer an option for retailers. Effective order management in the present day requires end-to-end connectivity of intuitive, automated solutions that can optimize customer data and ensure a supply chain that is agile to those same customers’ demands.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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The Secrets to Successful Technology Recruitment: Finding the Right Talent for Your Team

IT Supply Chain

By John Hampton (pictured) Content Writer The post The Secrets to Successful Technology Recruitment: Finding the Right Talent for Your Team appeared first on IT Supply Chain.

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Starting A Career In The Digital Supply Chain: What You Need To Know

IT Supply Chain

By Jessica Sweet (pictured) Content Writer at makeLifeSweeter.com The post Starting A Career In The Digital Supply Chain: What You Need To Know appeared first on IT Supply Chain.

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Toyota Encounters Systems Related Production Shutdown

Supply Chain Matters

Global auto producer Toyota encountered a “ systems related ” shutdown of auto production operations across Japan according to multiple news reports. The systems issue, which prohibited operations teams to order auto assembly parts and components, reportedly occurred on Monday and cascaded among multiple facilities because of the parts and materials shortages.

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Gathering Talent: 5 Vital Tips to Enhance Your Recruitment Game

IT Supply Chain

By Ian Benson (pictured) Content Writer The post Gathering Talent: 5 Vital Tips to Enhance Your Recruitment Game appeared first on IT Supply Chain.

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How to Pick a Logistics Outsourcing Partner?

Logistics Bureau

In selecting your Logistics Outsourcing partner, it is crucial to be careful and choose the right one. So, what do you look for when selecting a Logistics Outsourcing Partner? Here are some tips for finding the right 3PL.  Related articles on this topic have appeared throughout our website, check them out: The Power of Outsourcing for Supply Chain Improvement 6 Quick Tips for Successful Logistics Outsourcing Insourcing or Outsourcing Logistics: Don’t Choose the Wrong Reasons Getting Aligned wit

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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3 Lessons Tom Brady Teaches Dispatchers and Drivers

Locus

There are outliers in sports who prove that age is just a number! Tom Brady is one among them! Tom Brady defied many odds as a player. The average retirement age for a National Football League (NFL) player is in their 20s, and very few cross their 30s and stay relevant. But Tom Brady got into the NFL draft at 23 and played till age 46 for 23 seasons.

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What is Inventory Management Software and How Does It Work?

Unleashed

Inventory management software helps businesses keep track of stock and be more efficient in their daily operations. It automates tedious manual tasks that can be prone to human error, improving the accuracy of a company’s recorded inventory levels and reducing inventory carrying costs. This article explains what inventory management software is, how it works, and how much inventory management software costs to set up and operate.

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Automate Greenfield Warehouses Right from the Start with Robots

Locus Robotics

By Mary Hart Eager to expand your warehouse and order fulfillment capabilities and have the funds to create the facility of your dreams from the ground up? Congratulations! Greenfield warehouses can be a solid way to optimize your entire warehouse operations from wall to wall — from material arrival at your docks to inventory storage; picking to replenishment; sorting to shipping; and more.

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3 Steps to Establishing a Technology Backbone That Unites Supply Chain and Financial Leaders

Tecsys

As a chief financial officer (CFO), I can understand the tremendous pressures health system and hospital CFOs are facing with rising labor and supply costs and declining reimbursement rates. Financial leaders, regardless of the industry, want to drive higher gross margins, but that seems impossible in healthcare today given the current economic climate.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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August 29, 2023 Update

Freightos

Blog " * " indicates required fields Email * More Resources Home August 29, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine August 29, 2023 Unbox your Freight knowledge.

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Supply Chain News on Interest in Yellow Assets is High, with Network hard to Replicate

Supply Chain Digest

Initial Bids for Terminals and Real Estate Exceed Secured Debt of Bankrupt Carrier

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Everything You Need To Know About Dock Scheduling

C3 Solutions

The dock is a key part of any operation. It is the critical interface between the inside and outside, for product coming and going. It can either be a choke point and a source of pain, or it can be a model of efficiency that reflects your entire operation.

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Launch Warehouse Automation Technologies Smarter: Insider Tips

Amware Logistics and Fulfillment

Failed warehouse automation technology launches can leave large and lasting scars – on project leads and brand reputations. Often, it’s not the technology that’s to blame, it’s a poorly managed implementation process.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Watch: How Can Delivery Drivers Thrive While Remaining Independent?

Supply Chain Brain

Peter Schlactus, co-founder and executive director of the Association for Delivery Drivers, explains how independent delivery drivers can retain their status, yet still have access to critical services such as training, certification and insurance.

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The State of LTL Shipping in Light of YRC Freight Bankruptcy

TransAudit

LTL, or Less-Than-Truckload shipping, represents the transport of freight that doesn’t require an entire truck’s space. It plays a critical role in the movement of goods, particularly for businesses that don’t have large enough quantities for full truckloads. The bankruptcy of Yellow Corp., formerly known as YRC Freight, sent shockwaves throughout the transportation industry due to its dominant position.

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Rely on omnichannel distribution from a 3PL warehouse

West Coast and California Logistics

To maximize sales revenue, brands often need to keep two sets of customers happy. Retail partners require compliance with their rigid vendor requirements. And eCommerce customers want their orders delivered fast and error free.

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Hope for Offshore Wind Boom in Gulf of Mexico Dims with Low Bids

Supply Chain Brain

RWE Offshore U.S. Gulf LLC won a 102,480-acre (41,472-hectare) tract near Lake Charles, Louisiana for $5.6 million after just two rounds of bidding.

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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How to find the right food-grade bulk trucking companies for your products

Bulk Connection

Shipping bulk food-grade products is one of the most complicated types of loads within the bulk transportation industry. To be handled properly, these loads require nothing less than a full-on fact-finding mission from your bulk transport provider. In this article, we’ll examine the process of food-grade transportation and tell you what sets the best food-grade trucking companies apart from the rest.

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Domestic Spying Tool? Or Protection from Cyber Pearl Harbor? FISA Section 702 is Up for Renewal

Supply Chain Brain

Because Section 702 has prompted the capture of vast amounts of data, there’s a risk of information not intended by the Act being caught up too.

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Building a Custom Asset Lifecycle Management Tool with TrackVia

TrackVia

In an age dominated by technology and data, effectively managing assets has never been more crucial. Every organization, be it a multinational conglomerate or a budding startup, relies on a plethora of assets—physical, digital, or intangible. These assets have lifecycles that, if managed proficiently, can significantly contribute to the overall efficiency and success of the organization.

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Over 40% of Safety Professionals in the Transportation Sector Are Now Women

Supply Chain Brain

Almost 30% of the companies that participated in the study (29.1%) said that 20% to 49% of their safety positions were held by women in 2023.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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How Does a TMS System Work to Improve Productivity?

MercuryGate

In the face of soaring expenses, the transportation management system (TMS) is an indispensable asset. A TMS empowers logistics managers to automate and streamline daily transportation workflows, ensuring that goods are transported in the most cost-effective and efficient manner. The post How Does a TMS System Work to Improve Productivity? appeared first on MercuryGate International.

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Kroger DC Employee Death Being Investigated

Supply Chain Brain

Leaders from Teamsters Union #667 said that Tony Rufus died on a dock in front of his co-workers on August 25.

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Contract warehousing vs public warehousing: what’s the difference?

Kanban Logistics

If you’re making the move from storing products yourself to partnering with a 3PL provider, it’s easy to get tripped up on the different options available to you. In this article, we’ll compare and contrast the two most common types of 3PL warehousing: contract warehousing vs public warehousing. Warehousing definitions Contract warehousing With contract warehousing – also known as dedicated warehousing – you pay a 3PL to fully dedicate one (or more) of its warehouses to your operation.