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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.
Reducing reliance on single suppliers and diversifying supply sources can mitigate the impact of disruptions in specific regions or industries. The post Logistics and SupplyChain News (August 5th- 9th 2024) appeared first on Logistics Viewpoints.
So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2021 and see what our readers found to be the most interesting. It was good mix of topics and authors, including a good number from our Logistics Viewpoints sponsors. So let’s take a look now at the 15 most popular logistics stories.
Alexis Mizell-Pleasant and Joe Lynch discuss the next frontier in food logistics. Alexis is Managing Editor at Food Logistics and Supply & Demand ChainExecutive. Food Logistics and sister publication Supply & Demand ChainExecutive also operate SCN Summit and Women in SupplyChain Forum.
The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supplychain and procurement operations. Furthermore, inflation has become a growing concern, causing price pressure up and down the supplychain. Gap between supplychain and procurement.
Already upended for two years by the COVID-19 pandemic, the worldwide logistics industry is facing new challenges. While demand is high, ongoing product shortages continue to cause supplychain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations.
If you’re a supplychain or logisticsexecutive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Supplychain management is risky business — and the risks are growing every day. CFOs rarely know anything about supplychain management.
Navigating an Increasingly Challenging Logistics Landscape. These e-commerce trends are placing increasing pressure on logistics teams to keep up with demand volatility, provide incredibly fast delivery, and reliably fulfill all their promises to customers and consumers. Logistics Digitalization Provides an Answer.
Mike is a Client Engagement Director at JBF Consulting , a supplychainexecution strategy and systems integrator for logistics-intensive companies of every size and any industry. Mike has extensive experience in Transportation and Logistics from procurement through operations leadership spanning 25+ years.
A new study that the SCRC published with GEP examines the increasing pressure that supplychainexecutives are getting when it comes to responding to supplychain disruptions. In this study, we explore the primary forms of misalignment that exist between supplychain and procurementexecutives. (We
LeanDNA helps manufacturers to improve their supplychain efficiency and agility, while also reducing costs and improving customer satisfaction. LeanDNA is a cloud-based supplychainexecution platform that helps discrete manufacturers digitally transform their procurement operations. The Greenscreens.ai
There is a multibillion-dollar supplychain software market that grew at double digit rates during the pandemic, and will continue to grow fast, that very few supplychainexecutives have heard of. The solution is called a supplychain collaboration network (SCCN). SCCN is a Network Solution.
The company explains, “The growing reliance on artificial intelligence and Internet of Things (IoT) devices is creating vulnerabilities across supplychains, with manufacturing and electronics sectors identified as particularly at risk. Third-party logistics providers are expected to face heightened cybersecurity threats.”
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. The Improved Way. Learn more about how to fulfill this vision.
2013 Trends and Strategies in Logistics and SupplyChain Management: Embracing Global Logistics Complexity to Drive Market Advantage. The key results of this study by BVL International on trends and strategies in logistics and supplychain management are summarized, as follows. Key Trends.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
Five Forces Reshaping Logistics as We Know it. Because warehousing and transportation represent significant cost centers, intelligent logistics decisions are critical. Forget what you knew about logistics. Supplychain technology investments were once delegated to a specific function such as procurement or logistics.
What I learned is that this is a solution that covers the entire procurement to pay process in a deeper manner, where risk is better operationalized, and with better return on investment, than traditional enterprise solutions do. The post SupplyChain Compliance is About to Get a Whole Lot Tougher appeared first on Logistics Viewpoints.
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. In addition, product categories are much more segmented and differentiated than they were previously.
The aforementioned soon-to-be-released global survey by Coupa of over 1,000 supplychainexecutives shows that about 80% of respondents expressed the intent to continue investing in digital technologies that bring more resilience and agility. Supplychain is a team sport and will increasingly be so!
Ever since COVID hit, supplychainexecutives have embraced supplychain risk management. Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. SupplyChain Chaos is the New Norm. Bring it back to the patient. “I
SCCN suppliers like Emerge, GEP, and Coupa provide good network visibility to procurement; solutions from FourKites and project44 provide visibility to shipments; and solutions from Interos or Eversteam Analytics provide visibility to new risks in almost real time. Clearly, a new approach is needed.
That news could be an impending bankruptcy, unhappy customers, key executives leaving the company, or many other things. These “events” are turned into supplier scores, and if significant the score goes flagged in the Oracle procurement system. This can then be leveraged by their supplychain design solution to improve risk mitigation.
This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The top Coupa executives, and the supplychainexecutives I have interacted with, are still working at Coupa. The new mantra is profitable growth.
Whilst they are classed as indirect purchases, this procurement category plays an essential role in day-to-day operations. The pandemic shined a light on something that supplychainexecutives will tell you is second nature. The supplychain is a chain, and it is only as strong as its weakest link.
Are you a beginner and you want to learn about each logistics function? We will show you 5 logistics books that will help you learn faster than any other books. Why is Logistics a Good Career? In the United States, the median wages for a Logistics Manager is around $90,000 annually.
The costs of reverse logistics amount to more than $750 billion per year, and the demand for reverse logistics has risen in recent years with the rise of e-commerce. According to Stacy Rudolph of Business to Community, up to 30% of all products ordered online become returns, placing an insurmountable burden on reverse logistics.
That’s why good supplychain management is so important for your ecommerce operations. An optimized supplychainexecution process can make all the difference. What is supplychainexecution? Supplychainexecution (SCE) processes & tasks. Supplychain planning.
I’d welcome the opportunity to meet with supplychainexecutives to discuss your research questions and objectives for the coming year, and with technology companies and 3PLs to get an update on your products and services. Menlo Logistics Opening New Multi-client Warehouse in Ladkrabang, Thailand. If so, let’s connect.
No doubt about it, we are characters in a supplychain case study searching to define a new normal. News coverage showcases the differences between logistics and supplychain management. Expect border friction and logistics to be an issue. We will not find it anytime soon. Another example is testing.
Note in Figure 1 the gaps from recent research between supplychain planning and manufacturing, logistics, and sales. The gap between logistics and procurement; and logistics and customer service increases process latency. The goal to tie planning to execution remains, but the gaps in planning are a barrier.
At the same time, the value of supplychain visibility is lessened if it isn’t comprehensive – encompassing the supplychain from one end to the other, from upstream to downstream. The Broader Value Proposition of a Logistics Center of Excellence. But where do you gain that visibility? Source: GEODIS.
We’ve made our predictions , but it’s the unexpected that makes supplychain management so exciting and demanding. Did you come up with any New Year’s resolutions to improve as a supplychain and logistics leader this year? Supplychain management is risky business — and the risks are growing every day.
To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains. Nari Viswanathan is currently Sr.
For those procurement or SupplyChainexecutives in suitable organizations, there is an increasing number of uncertainties to manage, especially in today’s tough economic environment. Is there any definitive boundaries for procurement not to step across? If you think so, you are probably too conservative.
Are you looking for logistics management books? In this article, we will show you 5 books that'll help you learn logistics faster than any other logistics book. Do You Need a Logistics Book? In the United States, the median wage for a Logistics Manager is around $70,000 annually. The links below are paid links.
This award honors female supplychain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supplychain network. Food Logistics and Supply & Demand ChainExecutive also operate SCN Summit and Women in SupplyChain Forum.
What are some of the biggest supplychain risks companies face today? Those are some of the questions supplychainexecutives are asking — or should be asking.”. There is a tremendous amount of material labeling and handling risk assumed by the shipper and logistics provider,” said Cahn. At what cost?
Brad has a BA in Logistics Management from Michigan State University. JBF Consulting is a supplychainexecution strategy and systems integrator for logistics-intensive companies of every size and any industry. The ocean shipping delays caused by the pandemic has disrupted supplychains.
Second, avoid islands of isolation and limited impact by integrated AI into your supplychain so the results are aligned end to end. One supplychainexecutive told me AI makes him feel a bit like a deer in the headlights, which is why it’s worth stating that you don’t have to embark on this journey alone.
Are you fresh out of college or university and planning to enter the supplychain or logistics profession? Perhaps you are considering a mid-career move into the supplychain theatre. 81% of young professionals working in supplychain say that it was the right career choice. Representative.
This shows hope that one day, we won’t need an award like this because men and women in the supplychain will be equal,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand ChainExecutive. This shows progress. While there’s still more work to be done, what we’re doing is working.
(Examples include alternate sourcing, bill of material changes or alternate modes/routing between the planning, procurement and transportation.) The groups of supply planning, procurement and logistics operate within silos. A supplychain visibility demo. History of E2open. The answer? I am a skeptic.
For example, if your SupplyChain work has reduced inventory turns or resulted in savings, you want to make sure your resume spells that out loud and clear. If you’re a Procurement professional, what was your spend? In the last decade the phrase supplychain has been thrown around a lot. Procurement?
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