Remove Procurement Remove Shipping Remove Vietnam
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The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

In Asia, Vietnam and Bangladesh are more important sourcing locations. The supply plan will include the procurement plan for their raw material supplies (Tier 2) needed for their finished goods suppliers (Tier 1). The old product development process involved shipping prototypes back and forth. We will manage by exception only.

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Freight Market Intelligence: Data is crucial, but context is king

Freightos

As more data sources get legible, whether it’s container ship movements, eAWBs or carrier rates , it can have incredible ramifications. I’ve heard anecdotes from the past two years of SVPs at multinational companies needing to sign off on spot procurement but the degree of interest executives are now showing is impressive.

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Risk Management in Global Ocean Context

The Logistics & Supply Chain Management Society

It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal. The areas that will be deliberated in future articles are ocean shipping market landscape, freight procurement, reliability & visibility and the competitive landscape.

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What is Landed Cost and Its Importance?

QAD

For example, it is common to incentivize procurement organizations to lower a product’s purchase price variance. Shipping Strategy Optimization – Monitoring landed cost over time can help identify opportunities to reduce shipping expenses. It can affect your purchasing and shipping expenses.

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Essential Skills for Supply Chain Leaders in Asia during Pandemic

The Logistics & Supply Chain Management Society

Shortage management is a strategic approach that evaluates the number of items required by a specific date, guiding purchasing managers to procure items accordingly. He has a combined 32 years of research and teaching experience in Australia, Singapore, China, Dubai, Indonesia, Malaysia, and Vietnam.

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The Dangers of Single Sourcing in Your Supply Chain

Resilinc

While it may seem smart to simplify procurement and lower costs, single sourcing can actually expose businesses to risks that can jeopardize their operations and bottom line. Single sourcing and sole sourcing are two different procurement strategies in supply chain management. What is single sourcing and sole sourcing?

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Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility

BlueYonder

Lucky are the companies that can shift production to other countries like Mexico or Vietnam. By using AI and ML, companies can better model and predict demand and fine tune their inventory from procurement to transport to warehouse to routing supplies to locations ahead of demand. The third is exports to China.