Talking Logistics

JUNE 10, 2015

Over the past two years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping. See for example: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management.

Supply Chain Risk Management 100

Supply Chain Risk Management Risk Management Supply Chain Software Supply Chain Strategy 100

Logility

FEBRUARY 23, 2016

As in the aerospace industry, pushing the supply chain envelope involves increased risks that need to be analyzed and mitigated, if possible, or at least planned for. Each stretching of the envelope generates unique risks. For example, international product sourcing strategies aim to drive down per unit acquisition cost.

Supply Chain Risk Management 100

Supply Chain Risk Management Risk Management Supply Chain Strategy Supply Chain Planning 100

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 266

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain 266

Logistics Viewpoints

OCTOBER 2, 2024

For example, logistics companies are to employ Level 2 and 3 autonomous vehicles that assist drivers by adjusting speed and steering based on road conditions. For example, logistics companies operating older fleets are faced with upgrading their vehicles to meet the requirements of SAE J3016 standards for automation.

Warehousing 264

Warehousing Logistics Network Optimization Software Inventory Management Software Supply Chain Planning Software 264

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 227

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 227

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

OCTOBER 20, 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. I had to throw out some carrots yesterday.

Supply Chain Planning Software 257

Supply Chain Planning Software Inventory Reduction Modeling Cost Reduction Strategies 257

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

CH Robinson Transportfolio

APRIL 27, 2021

For an example of the negative effects this sort of delay can have, let’s look at perishable deliveries. This may delay shipments, cause inventory shortages, and create logistical difficulties at various offloading points. For example, at C.H. To remain properly flexible, you need to have a broad range of options on hand.

Risk Management 49

Risk Management Supply Chain Risk Management Supply Chain Planning Software Supply Chain Strategy 49

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

Precoro

JUNE 17, 2024

Internal supply chain risks are related to the company's own operations, for example, inefficient purchase order approval workflow or inaccurate budget estimates. Importance of Supply Chain Risk Management Risk management is an important component of a general supply chain management strategy.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 89

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 242

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 242

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

FEBRUARY 25, 2021

Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?

Supply Chain Planning Software 221

Supply Chain Planning Software Optimal Sourcing Predictive Analytics Software Supply Chain Software 221

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 144

Supply Chain Visibility Freight Supply Chain Supply and Demand 144

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

Kinaxis

DECEMBER 3, 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. There can be multiple reasons.

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250

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

APRIL 1, 2024

Technology-Driven Supply Chain Mapping Instead of relying on traditional methods, we recommend technology-powered supply chain solutions to house and manage all your suppliers, locations, and parts in one platform. Some supply chain risk management platforms help make sending risk assessments easier.

Supply Chain Software 97

Supply Chain Software Analytics Software Supply Chain Network Software Tools 97

Logistics Viewpoints

AUGUST 7, 2024

It’s also a great example of how the boundaries between what we traditional think of as “IT” and “OT” cybersecurity are blurring. Other basic foundational tasks for setting up a good cybersecurity program include doing a good asset inventory. This all starts with a cyber assessment of the built environment.

Warehousing 243

Warehousing Supply Chain Network Software Supply Chain Software Analytics Software 243

Talking Logistics

JUNE 5, 2017

Take BMW as the latest example. What is happening to BMW today is another case study in supply chain risk management. For related commentary, see my June 2015 post, Time to Survive and Nexus Supplier Index: New Measures of Supply Chain Risk Management.]. Store-level inventory.

Supply Chain Software 123

Supply Chain Software Manufacturing Procurement Supply Chain Supply Chain Risk Management 123

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

APRIL 18, 2016

Over the past few years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping, including the following: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management.

Ecuador 100

Ecuador Japan Supply Chain Design Software Supply Chain Design 100

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 179

Logistics Network Optimization Software Supply Chain Software Supply Chain Strategy Cost Reduction Strategies 179

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

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

Resilinc

APRIL 12, 2022

According to business media and a special report by Resilinc supply chain analysts, the 3M plant was responsible for about 80% of certain types of specialized coolants (3M Fluorinert and 3M Novec) used by semiconductor manufacturers worldwide. Belgium, for example, is urging an EU-wide ban on use of the substances.

Belgium 62

Belgium Manufacturing Procurement Industry Industrial 62

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