This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In a survey we conducted in October 2020, 91% of our Indago supplychain research community members, who are all supplychainexecutives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
My last post on the SupplyChain Shaman blog was forty-five days ago. My first focus was on China sourcing. Then it was the redefinition of the supplychain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. China was the source of over 90% of PPE.)
Over his 30+ year career in the supplychain, Richard has worked with manufacturers around the world in operations, supplychain, and lean strategy roles to develop systems that can manage complex supplychains on a global scale. Richard previously founded and led Factory Logic, Inc. acquired by SAP).
Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. Supplychain entities need to know vendors will be held accountable and adhere to the terms within vendor-supplychain partner service level agreements.
They have a complex network of suppliers, internal assets, and transportation and manufacturing partners, many of whom are changing on an ongoing basis. In supplychain we talk about the fact that just optimizing one link in a chain – for example, optimizing manufacturing – does not lead to an optimized system.
How the SupplyChain Crisis is Impacting Businesses and Consumers. 66% of consumers are concerned that supplychain issues will never end ( Chain Store Age ). 82% of people have concerns that the supplychain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items.
At the time, we were both deployed as consultants for Manugistics to help a manufacturing company to implement end-to-end planning. My goal was to implement demand and supply planning. The groups of supply planning, procurement and logistics operate within silos. Ellen currently works as a consultant at Cap Gemini.
In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supplychain networks.
The list of Incoterms is created and managed by the International Chamber of Commerce , and managing supplychain SLAs relies heavily on this decades-old list to ensure consistency and clear communications in contractual details for moving freight. Traceability includes more than the product at the stage of manufacturing.
For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. to less and 0.5%.
As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. This new behavior means that manufacturers and retailers need to anticipate consumer needs across channels with more accuracy than ever. While driving a projected $14.1
Intermediaries may include financial experts, data analysts, freight auditors, and more. Although it may seem counterintuitive for a third-party logistics provider (3PL), like Cerasis, to trumpet such prospects, the resounding impact will drive greater efficiencies in supplychains. GET YOUR FREE WHITE PAPER.
As developments regarding industry supplychain disruptions continue unabated, businesses now increasingly face the sting of higher supplychain and transportation driven costs impacting the bottom line. One of the high-flying start-ups that is addressing the needs of smaller regional fleets is Uber Freight.
While forecast accuracy, if used well, can reduce safety stock, what I find in the study of the global multi-national is the rise of cycle stock due to increased item complexity, and the increase of in transit inventories due to longer freight lanes and longer cycles in ocean transportation. ” Executive Understanding.
Blockchain technology builds value in the supplychain through better transparency and process standardization, but it holds additional value through new logistics services and business models. For instance, blockchain enhances freight auditing and invoice management, as well as cybersecurity. Performance measurement.
SupplyChain Matters highlights for readers a published report noting how various manufacturers are seeking and establishing added resiliency and control of component and production networks. That would include alternatives to China under the umbrella of China Plus sourcing. We pointed out that in 2022, more U.S.
Understanding the total cost of transportation means understanding the costs and factors affecting spend in each leg of the supplychain. A product changes hands approximately 30 times between the procurement of raw materials and its final destination. Blockchain Provides Unmatched Traceability in Freight and Logistics.
Guest hosted and produced by Gravitas Detroit Founder and President, Jan Griffiths, a former key supplychainexecutive in the industry, the podcast is available on the Auto SupplyChain Prophets website or any major podcast platform. Becoming SupplyChain Focused. Final Thoughts.
A supplychain disruption is a force majeure event or unexpected situation that significantly interrupts or constrains the free movement and distribution of products, services, inputs, and raw materials. Supplychain management has to take these disruptive incidents into consideration when developing risk management policies.
Here is a look at how some companies in the supplychain sector are preparing themselves for the months to come. The emergence of IoT is an amazing thing for supplychainexecutives – and especially exciting as the enabling technology is becoming less expensive and more readily available, meaning that deployments are possible now.
Our supplychain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively.
Whether they’ve sent their workforces home to work remotely, scaled back their operations, or scrambled to find alternative supplysources, organizations across all industries are implementing new measures to offset the impacts of COVID-19. “In a world where markets and supplychains are global, there must be a better way.”
Great global supplychains move product from source to destination with minimal friction. Friction in the global supplychain occurs at those points where disruption to the supplychain plan can manifest itself and impede the smooth flow of product in its international journey.
Tracking payment information, such as purchase orders. Managing supplychain risk. Managing demand and supply planning. Managing freight transportation. Raw materials and products in supplychains increasingly travel through multiple suppliers, manufacturers, geographical locations and stakeholders.
This fact drives us to innovate when it comes to our SupplyChainExecution solutions. With this new tool, manufacturers, retailers and logistics service providers (LSP) can benefit from Blue Yonder optimization tools via integration to their existing TMS.
SupplyChain Matters highlights continued evidence that the U.S. freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry.
The most sophisticated TMS supplychain solutions offer embedded analytics along with more traditional functions like integration with payroll and scheduling systems. The manufacturing and supplychain sectors already understand and capitalize on the primary benefit of the IoT: real-time visibility.
By combining both companies’ previous innovations into one package they now offer industry leading supplychain solutions that tackle the demands of a modern marketplace. Syncreon International Group offers supplychain logistics for producers and original equipment manufacturers with offices literally spanning the globe.
Take a more proactive approach to supplychain management with Design for SupplyChain. Let’s bear this idea in mind as we get into our discussion about designing for supplychain. . Or that specialty manufacturing process will prevent reaching the scale you need to turn a profit.) The good news?
The following are the insights gained from my discussion with Salim Shaikh , who leads Blue Yonder’s Automotive Industry Strategy, and James Peck , VP of SupplyChainExecution Presales, during a recent Blue Yonder Live and from webinars and automotive events that we prepared for.
Announced Acquisitions Aptean Acquires Principal Logistics Technologies Manufacturing and distribution industry specific technology provider Aptean has announced the acquisition of Principal Logistics Technologies ( PLT ), a provider of purpose built warehouse management and supplychain optimization software technology.
For those industries that buy a lot of their supply from China, Beroe Live developed a very insightful set of analyses related to specific category-level impacts , as entire industries and provinces in China are shut down. The majority of these provinces has reported 100+ cases of coronavirus.
As we adhered to shelter-in-place orders from the CDC (Centers for Disease Control), each of us were purchasing more products and services online at a faster adoption rate than ever before. Transport costs are soaring to ridiculous levels, especially for those shippers that did not have an organized procurement strategy for freight movement.
Overview In short, B2B SupplyChain Business Networks are Cloud based platforms designed to achieve end-to-end supplychain data visibility and business process decision-making synchronization. The B2B SupplyChain Network is also the manifestation of integrated as well as contextualized digital and physical data flows.
Deere & Company (brand name John Deere) is famed for the manufacture and supply of machinery used in agriculture, construction, and forestry, as well as diesel engines and lawn care equipment. One of the world’s largest manufacturers of computer chips, Intel needs little introduction. Deere & Company.
Manufacturing and business spending were the bright spots during much of 2010, while consumer goods production was almost flat. A panel of supplychainexecutives and government representatives from the U.S. Transportation costs were up 10.3 percent compared to an average of 15.4 percent for the other modes combined.
Think of everything that is happening outside the four walls of any shipper, manufacturer, or distributor. A transportation management system (TMS) acts as the information hub for all things transport related, as well as the software that handles rating, mode and carrier selection, tendering, track and trace, and freight auditing.
Supplychainexecutives in the US and Europe nervously listen to news out of Asia about factory fires, typhoons and labor disputes. impacts on their supplychains, they think through their contingency plans and wish they had more visibility. Key Areas to Gain Greater Peace of Mind. How Great is the Risk?
Acknowledgement was made that rates are at historically high levels, with trans- Pacific freight costs rising by 200 percent in 2021 and with trans- Atlantic costs rising by 100 percent. There is no cost for paid CSCMP membership, or the report can be purchased for $249 by non CSCMP members.
The chart below shows five of the top sources of ROI from an SCRM, including event-related savings and ongoing sources of value. Reduction in Freight expediting. Few supplychainexecutives and experts are financially incentivized to rigorously manage risk on an ongoing basis. Team efficiencies.
But in the timeframe between 2020 to 2022, a volatile supplychain market showed the weakness in outdated, legacy supplychainexecution built on rigid technology or lacking any accurate data that can improve overall decision-making. This has significantly impacted retail value chains across the globe.
For many growing and established direct-to-consumer (DTC) brands alike, the supplychain is the most critical but also most challenging aspect of their operations. . The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs.
Ultimately, it “ allows companies to generate a four-to-five-times return on investment by partnering with one service partner to support all or part of their supplychain needs, including procurement, production control, manufacturing, quality, warehousing, and logistics.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content