Logistics Viewpoints

SEPTEMBER 26, 2022

For example, shippers spent much of last year bemoaning soaring ocean shipping rates and ships waiting for days to unload once they reached their destination port. Supply chain risk management applications have begun to solve the very difficult problem of identifying and monitoring vendors several echelons upstream in their supply chain.

Vendor Strategies 229

Vendor Strategies Forecasting Long Beach Supply Chain 229

Logistics Viewpoints

JUNE 21, 2023

The factors impacting broader supply chains extend all the way down to the warehouse floor. In fact, pressures are very similar with warehouse labor cost inflation, labor shortages, and inventory shortages at the top of the “concerns” list. And they must be capable of adapting to various demands.

Supply Chain Planning Software 265

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 265

Logistics Viewpoints

SEPTEMBER 7, 2022

Ever since COVID hit, supply chain executives have embraced supply chain risk management. Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. Supply Chain Chaos is the New Norm. Do I need more inventory?

Supply Chain Visibility 226

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 226

DELMIA Quintiq

APRIL 21, 2020

Exceptional risks, sometimes called black swan events, are situations that are not expected and are almost impossible to predict. The novel coronavirus (COVID-19) pandemic is an example. It is a necessary part of supply chain risk management. Contingency plans and supply chain risk management.

Modeling 302

Modeling Agile and Lean Supply Chain Supply Chain Disruption Optimal Sourcing 302

Kinaxis

SEPTEMBER 6, 2017

An extreme example of this is a ride from Chicago to Colesburg, Tennessee taking 18 days, 13 hours, and 57 minutes! This has led to increased costs, not to mention all the inventory stuck in-transit. For example, let’s say you modeled the lead time from “supplier A” to your manufacturing facility as 7 days.

Supply Chain Planning Software 241

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 241

The Logistics & Supply Chain Management Society

JANUARY 13, 2021

Customer service, parts shortages, unprecedented inventory growth, and warrant management can actually take up internal sources and affect profit margins. For example, in the year 2019 the trade war between the US and China was dragged on for more than a year resulting in 25% tariffs placed on US$200 billion of Chinese goods.

Vietnam 35

Vietnam Supply Chain Risk Management China Risk Management 35

Logistics Viewpoints

OCTOBER 17, 2024

An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. Make Strategic Commitments During Supply Chain Disruptions During crises such as semiconductor shortages or other supply chain disruptions, make firm, long-term commitments to suppliers.

Manufacturing Procurement 241

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 241

Supply Chain Matters

JUNE 17, 2022

Inventory Management Assessment- Samsung Electronics. We noted in our editorial likely needs for comprehensive inventory management assessments especially given the risk of higher working capital costs are a result of higher interest rates. Samsung ’s inventory balances reportedly reached the equivalent of $36.9

Inventory Reduction 52

Inventory Reduction Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

ivalua

NOVEMBER 26, 2020

Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supply chains. . Supply Chain Risk Management on the World Stage – Lessons Learned. Reallocating their volumes and splitting between regions means increasing production costs for the security of supply. .

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

Talking Logistics

SEPTEMBER 26, 2022

I have long argued that companies need to expand their definition of supply chain visibility. It goes well beyond tracking shipments, orders, inventory, and assets in motion.

Supply Chain Visibility 146

Supply Chain Visibility Freight Supply Chain Supply and Demand 146

Logistics Viewpoints

FEBRUARY 26, 2024

A customer of the risk solutions begins by listing key suppliers. Then the risk solution fills in the gaps. For example, when a UPS strike was looming last year, the Interos solution automatically highlighted Cooper’s strategic suppliers that relied on UPS for shipping.

Supply Chain Planning Software 280

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 280

Logistics Viewpoints

JANUARY 5, 2022

Instead, they are likely to carry higher levels of inventory as a lower cost alternative. The move away from risk mitigation will leave supply chains at greater risk to future disruptions than would be the case if risk mitigate efforts were established. Labor Shift – It’s About Want Not Need.

Predictive Analytics Software 358

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 358

Logistics Viewpoints

APRIL 4, 2022

For some customers, they manage the inventory using a vendor managed inventory program. In some case they manage inventory at the customer’s site. “We We don’t have one supply chain,” this vice president of supply chain explained to me, “we run very customized supply chains.”

Supply Chain Transformation 214

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 214

Logistics Viewpoints

NOVEMBER 30, 2023

In today’s interconnected world, the distribution industry has become increasingly complex and reliant on technology to manage inventory, track shipments, and communicate with suppliers and customers. Why are warehouses and DCs so vulnerable to cyberattacks?

Warehousing 273

Warehousing Distribution Cost Reduction Strategies Vendor Strategies 273

Resilinc

AUGUST 17, 2021

In First Quarter earnings calls, Exxon Mobil, Dow, and LyondellBasell all reported that they were “selling everything they produce and [didn’t] anticipate being able to restock inventories until the third or fourth quarter.”. In China, building up inventories is a trend that predated the pandemic.

Forecasting 62

Forecasting Texas Supply Chain Risk Management China 62

Talking Logistics

JANUARY 5, 2014

Natural disasters like the Japan earthquake, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supply chain executives face every day. Use them to your advantage.

Logistics Network Optimization Software 178

Logistics Network Optimization Software Supply Chain Software Supply Chain Strategy Cost Reduction Strategies 178

Enterra Insights

AUGUST 11, 2022

It is unclear, for example, just how rising world temperatures might alter the frequency of these battering storms, a fact that deniers of climate change often cite in their effort to play down its risks. 10] When it comes to moving inventory into disaster-prone areas, historical data can help.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Supply Chain Planning 130

Exiger Perspectives

OCTOBER 29, 2024

government prime award recipients for the supply of radiopharmaceuticals, including Tc- 99m and derivative materials, over the last five years, limited to Lantheus, Curium U.S., For example, in the last five years , at least three of five Lantheus customers have supplied the U.S. Sankey denoting U.S. Government Dept.)

Czech Republic 52

Czech Republic Manufacturing Procurement Netherlands Belgium 52

Logistics Viewpoints

SEPTEMBER 4, 2024

For example, shifting from PoW to Proof of Stake (PoS) or delegated Proof of Stake (dPoS) algorithms can drastically reduce energy consumption while speeding up transaction times. Layer 2 solutions, which allow transactions to occur off-chain before being logged on the main blockchain, are being developed to enhance scalability.

Supply Chain Design Software 263

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Modeling Software 263

Kinaxis

SEPTEMBER 6, 2016

Such risks are on the rise. There is a constant push to free up working capital by leaning down on the inventories. Linear supply chains as we know them are turning into supply networks with more players and parties than ever before. Companies are spending more on outsourced products and services than in the past.

Supply Chain Planning Software 100

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Shipping 100

The Logistics & Supply Chain Management Society

JULY 16, 2023

Another mindset shift in the discussion of risk management, is the ability to work in ambiguity. The latter signals uncertainty and consequently fear of risk. For example, many shippers have now resorted to seeking fixed rates on a long-term basis even in this deflationary market.

Risk Management 130

Risk Management Global Price Reduction Inventory Reduction 130

ivalua

JUNE 1, 2022

But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning. Navistar had already been developing a supply chain risk management program and were in the midst of executing digital transformation initiatives when the crisis hit.

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Manufacturing Procurement 130

Resilinc

NOVEMBER 2, 2021

In the race to fill distribution centers and store shelves with inventory for the holidays, some of the world’s largest retailers and ecommerce sellers are jumping ahead of smaller competitors by chartering ships, shifting freight to air, re-rerouting inland shipments, and hiring more staff for distribution centers and other supply chain nodes.

Retail 62

Retail Inventory Reduction Cost Reduction Strategies Resource Reduction 62

Kinaxis

MARCH 17, 2015

This is an extreme example of how minor inefficiencies in your supply chain plan (in this case, inventory waiting outdoors for just a few days) can snowball into much larger problems. With that in mind, are you prepared to respond to the risk in your supply chain?

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Planning Supply Chain Modeling 100

The Logistics & Supply Chain Management Society

JULY 16, 2023

However, globalization has interconnected supply chains on a global scale, amplifying the impacts of disruptions and requiring a more comprehensive approach to resilience. Organizations now need to consider the potential ripple effects of disruptions across their extended supply networks.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

ivalua

MARCH 16, 2021

But building an agile, resilient supply chain doesn’t happen overnight; it requires forethought and planning. Navistar had already been developing a supply chain risk management program and were in the midst of executing digital transformation initiatives when the crisis hit.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 130

Logility

OCTOBER 17, 2016

For more on risk: Supply Chain Risk Management and Rocket Science ). According to Captain Kelly, inventory management and spare part location accuracy is critical to survival in the abys of space. I think many supply chain organizations could learn from his example. 3) Planning.

Conference 100

Conference Supply Chain Planning Software Supply Chain Planning Scenario Planning 100

Kinaxis

DECEMBER 12, 2014

Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Le t’s look at a quick example.

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Planning Training Price Mitigation Strategies 240

Talking Logistics

JULY 18, 2014

UPS, meanwhile, announced that it has developed “a healthcare-compliant network of Field Stocking Locations (FSLs) to reduce delivery time of medical device shipments and enhance inventory visibility.” And third, how inventory management and enhanced supply chain visibility remain critical elements of a 3PL’s value proposition.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Supply Chain Network Software Inventory Management Software Demand Planning Software 132

Enterra Insights

OCTOBER 17, 2019

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] ” Footnotes. [1]

Supply Chain Risk Management 100

Supply Chain Risk Management Supply Chain Planning Software Supply Chain Design Software Risk Management 100

Talking Logistics

JANUARY 8, 2016

Moving on to supply chain risk management, LoJack SCI and TransVoyant announced a partnership to provide companies “with the ability to identify, prioritize, and mitigate supply chain risks by increasing real-time alerting on factors that affect global supply chains.”

Logistics Network Optimization Software 100

Logistics Network Optimization Software Analytics Software Predictive Analytics Software Forecasting Software 100

GlobalTranz

APRIL 25, 2016

If cost reduction is not the only thing to measuring supply chain performance, that begs the questions: "Maybe we should be measuring other Supply Chain Management activities and what would they be?". Inventory measurement is critical and it is money after all in that it took a capital expense to procure.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Supply Chain Matters

OCTOBER 28, 2024

Companies that had stockpiled added inventory as the cushion to pandemic unknowns related to product demand were subsequently exposed to too much inventory overhang that impacted costs and margins. participation in global value chains over the last four decades in terms of partner countries, products and modes.

Predictive Analytics Software 59

Predictive Analytics Software Manufacturing Procurement Cost Reduction Strategies Agile and Lean Supply Chain 59

Exiger Perspectives

SEPTEMBER 10, 2024

The Data Ocean Dilemma Data is vital in tackling today’s most significant supply chain risks , allowing organizations to gain deeper visibility and map out their supply chain to protect themselves against disruptions and regulatory noncompliance.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Software Supply Chain Optimization Optimal Sourcing 52

MIT Supply Chain

AUGUST 21, 2014

The devastation caused by a tornado, for example, is usually localized but still extremely traumatic. For example, the automotive company has set up a stepped alarm process in its plants that use exception-based monitoring to trigger alarms and alert response teams. If there is no inventory to make a part, another alarm is triggered.

Risk Management 84

Risk Management Supply Chain Risk Management Automotive Demand Planning Software 84

Kinaxis

OCTOBER 23, 2015

With extreme weather—running the gamut from droughts to flooding rains—likely to occur across the globe this winter, we can expect to see the supply chain affected in several areas. El Niño may serve as the ultimate test of supply chain risk management and resiliency. Assess Inventory Positions.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy Supply Chain 100

Resilinc

JUNE 21, 2023

At a time when business leaders are trying to use up valuable cash for just-in-case inventories, they have shown us how SPEED, resulting from deeper visibility and stronger supplier relationships across tiers, can create fast-flowing supply chains that actually free up cash.

Supply Chain Software 62

Supply Chain Software Supply Chain Strategy Agile and Lean Supply Chain Supply Chain Optimization 62