Logistics Viewpoints

APRIL 27, 2020

Because of the pandemic, risk management surrounding sourcing has become top of mind. Companies need to ensure they have alternate sources of supply that can ramp up to the volumes needed. The post If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It? appeared first on Logistics Viewpoints.

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Enterra Insights

NOVEMBER 30, 2022

When it comes to supply chain risk management, however, vigilance is always required. ” This reality motivated Rosemary Coates , Executive Director of the Reshoring Institute and President of Blue Silk Consulting, to ask, “Are you really managing risk?”[2] ” Stuff Happens.

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The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Ocean Risk Management part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. Additionally, we examine the decision between using a carrier or a Non-Vessel Operating Common Carrier (NVOCC) as a vendor and how this choice can impact risk management. The 2M alliance will be disbanded in 2025.

Risk Management 130

Risk Management Negotiating Skills Vendor Strategies Resource Reduction 130

Resilinc

MARCH 26, 2024

In this blog, we explore the different types of predictive AI models for supply chain risk management. Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. Welcome to part three of our AI in Supply Chain blog series.

Modeling 107

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American Global Logistics

FEBRUARY 15, 2024

By taking a proactive approach to supply chain risk management, your business can protect itself from disruptions and maintain its competitive edge. Disruptions in transportation infrastructure and evolving consumer demands pose additional challenges that require proactive management.

Supply Chain Risk Management 52

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The Logistics of Logistics

JULY 7, 2023

Alexis Mizell-Pleasant and Joe Lynch discuss the next frontier in food logistics. Alexis is Managing Editor at Food Logistics and Supply & Demand Chain Executive. Food Logistics and sister publication Supply & Demand Chain Executive also operate SCN Summit and Women in Supply Chain Forum.

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Resilinc

DECEMBER 5, 2023

In this new multi-part blog series, we address the possibilities of supply chain AI and how new capabilities and machine learning algorithms are revolutionizing supply chain risk management (SCRM). This AI monitors disruptions happening at logistics waypoints and connects the dots back to historic disruptions and delays.

Supply Chain Risk Management 75

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Unleashed

DECEMBER 7, 2020

What is supply chain risk management? Supply chain risk management is the process of identifying and managing issues within a supply chain. ordinated approach to implementing strategies to manage both daily challenges and unique risks. Who needs to understand supply chain risk management?

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HICX Solutions

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy. What are the benefits of supplier risk management?

Risk Management 52

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Talking Logistics

JULY 13, 2017

I like to say that supply chain management is synonymous with risk management, and the risks are growing every day, everything from natural disasters to cyberattacks. Unfortunately, many companies are falling short in managing these risks effectively. In what ways are they falling short? “I

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Kinaxis

NOVEMBER 11, 2016

states, obvious disruptions to supply chains and supply chain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. The post Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

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Exiger Perspectives

FEBRUARY 14, 2023

A critical part of any supply chain is an effective and efficient supply chain risk management (SCRM) program. Stone , Vice President of Supply Chain Risk Management at Exiger Government Solutions. “And that’s really what supply chain risk management is: holistic informed decision making.”

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The Logistics & Supply Chain Management Society

JULY 16, 2023

In such adverse situations, humanitarian logistics and food supply chains play a crucial role in aiding. Whether it is responding to natural disasters or addressing the impact of conflicts and pandemics, a well-functioning logistics system can significantly impact people’s lives. million, which is over two times the figure in 2020.

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Logistics Viewpoints

OCTOBER 3, 2022

Thirdly, all the COVID supply disruptions brought home the need for better supply chain risk management. Risk management had been a hard sale. Companies typically embrace improved supply chain risk management after a disaster – after the horse had already fled the burning barn. They are not.

Agile and Lean Supply Chain 314

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Enterra Insights

JUNE 3, 2022

Bernd Stöger, Executive Product Manager at KNAPP, explains, “Today, successful companies are those that can make a great idea come true and create an organization to support its implementation.”[1] ”[1] He also believes nothing is more important for corporate strategy than a world-class logistics strategy. ”[2].

Sourcing Strategies 130

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Supply Chain Matters

APRIL 22, 2024

From a supply chain sourcing perspective, a consistent theme in media reporting has been exploration or hints for added Apple supply chain sourcing. Production currently sourced include products such as iPad , AirPod and the Apple Watch. These latest overtures for new sourcing activities can be interpreted in many dimensions.

Sourcing Strategies 52

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The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Figure 2: A technology adoption roadmap for transportation and logistics companies considering generative AI.

Optimal Sourcing 244

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Enterra Insights

APRIL 4, 2018

Globalism has been a boon to the supply chain by expanding sourcing, opening new markets, accelerating growth and highlighting opportunities to save money. ” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. ”[2] Those risks are: 1.

Risk Management 100

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The Logistics & Supply Chain Management Society

APRIL 19, 2023

Circular Economy and Information Sharing – The Role of Logistics Feature Article by Beverly Lege , Research Associate and PhD Candidate at Hamburg University of Technology, Institute of Business Logistics and General Management, Thomas Twenhöven , PhD Candidate at Kuehne Logistics University and Prof.

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Logistics Viewpoints

JUNE 21, 2023

It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supply chain and logistics executives. I believe our findings capture the pulse of North America logistics operations and the executives’ perceptions and priorities going into the second half of 2023.

Supply Chain Planning Software 267

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The Logistics & Supply Chain Management Society

MAY 28, 2022

In these times of global turmoil, there are five (5) important megatrends shaping supply chain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supply chain management. E-commerce boom requires a new urban logistics model.

Innovation 244

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Supply Chain Game Changer

JUNE 16, 2020

While most jobs are not life threatening the level of risk is still prevalent. What are the risks that Supply Chain people deal with every day and what is Supply Chain Risk Management? Supply Chain Risk Management. I didn’t know it at the time but this was Supply Chain Risk Management.

Supply Chain Risk Management 57

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SCMDOJO

APRIL 24, 2024

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. Ignoring industry trends poses the risk of being left behind by more agile competitors. And we know that numbers don’t lie.

Optimal Sourcing 90

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 90

ShipBob

JULY 18, 2022

Whether it’s due to unscrupulous employees or opportunistic thieves, this type of inventory risk can result in significant losses for your business. Working with a reliable third-party logistics partner such as ShipBob is one of the best ways to prevent inventory shrinkage. Inventory risk management with ShipBob.

Risk Management 52

Risk Management Inventory Reduction Inventory Management Software Inventory 52

Supply Chain Matters

JULY 18, 2023

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

Logistics Viewpoints

SEPTEMBER 7, 2022

Ever since COVID hit, supply chain executives have embraced supply chain risk management. Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD. BD, was using a supply chain risk management solution. Supply Chain Chaos is the New Norm.

Supply Chain Visibility 228

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 228

SupplyOn

APRIL 16, 2020

Efficient risk management is key to making supply chains and production capacities more resilient. To obtain the full picture, you need to consider suppliers, logistics as well as external events The current coronavirus pandemic poses enormous, unprecedented challenges for companies. Which materials are affected?

Sourcing Strategies 40

Sourcing Strategies Risk Management Supply Chain Planning Software Supply Chain Network Software 40

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. Many Companies Falling Short on Supply Chain Risk Management.

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ThroughPut

OCTOBER 1, 2020

What is Supply Chain Risk Management? Supply Chain Risk Management (SCRM) is defined as the process of taking those strategic steps which can help manufacturers identify, analyze, assess, and finally mitigate the risk in the end-to-end supply chain. The Supply Chain Risk Management Lifecycle.

Supply Chain Risk Management 52

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 52

Logistics Viewpoints

FEBRUARY 25, 2022

Interos, a company providing supply chain risk management solutions, did an analysis of likely impacts on the global raw material and commodity supply chains. In terms of trade, these are not critical, single-sourced Tier 1 inputs needed in manufacturing. But if the supply is totally cut off, the impacts will be dire.

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Turvo

JUNE 3, 2020

Global supply chain risk management continues to evolve and embodies a consideration of possibilities and outcomes by supply chain executives totaling in the millions. That’s where the crossroads of a tech-driven approach to solving the challenges of supply chain risk management lie.

Supply Chain Planning Software 54

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Exiger Perspectives

JUNE 12, 2024

Building Trust and Transparency in Contested Logistics June 12, 2024 Article Author: Tom Musbach Managing risk in logistics for today’s global defense supply chains can be very complex. If you add adversarial conflict to the equation, the defense environment — known as contested logistics — requires a different approach.

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Enterra Insights

DECEMBER 28, 2023

.” They add, “Geopolitical risks … can severely disrupt the highly interconnected global economy. … Proactive risk management must become part of every operation’s business framework. ” Resiliency and Geopolitical Risk What constitutes a geopolitical risk?

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Enterra Insights

AUGUST 8, 2024

Inevitably, these will interrupt production, increase sourcing costs, and cut into corporate revenue.”[1] ”[3] Too few companies map their supply chains all the way to where their raw materials are sourced. Rising seas and flooding can also adversely affect logistics. Such an activity can be enlightening.

Supply Chain Planning Software 130

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Logistics Viewpoints

OCTOBER 17, 2024

In order to effectively manage risks in the current unstable global marketplaces, many suppliers have a thorough understanding of their own suppliers as well as supply chain bottlenecks that extend past the top tier of suppliers. This means involving procurement in the highest levels of strategic planning and decision-making.

Manufacturing Procurement 243

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Logistics Bureau

OCTOBER 11, 2024

For example, BPO (Business Process Outsourcing) in logistics, manufacturing, IT and HR requires an organisation to not only know how to procure or acquire an external solution through cross-functional effort, but also be able to manage vendor performance and ensure the value of the outsourcing solution is sustainable.

Manufacturing Procurement 77

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 77

Logistics Viewpoints

SEPTEMBER 26, 2022

Meanwhile, supply chain risk management solutions can be used to monitor the financial health of upstream vendors so that alternative sources of supply can be secured promptly if key vendors are in trouble. This needs to be done carefully, a company needs to make sure they don’t force their key vendors into bankruptcy.

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Vendor Strategies Forecasting Long Beach Supply Chain 231