Articles
Commentary
Using Operational Analytics to Achieve a Digitized, Visible Supply Chain
To assure a succcessful future, companies must add value to their customers and organizations, and drive competitive advantage. The best way to achieve this is by developing a system based on operational analytics. Operational analytics come from analyses done on the fly as part of standard business processes. Planning, inventory management, and control are examples […]
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Weathering Climate Change and Supply Chain Risk
Companies have become more aware than ever of the considerable risks that climate change poses to their businesses and supply chains. A current or future risk related to climate change was identified by 70 percent of the 2,500 companies responding to Reducing Risk and Driving Business Value, a 2012 survey conducted by the Carbon Disclosure […]
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Five Ways to Drive Efficiency In International Logistics
If your international supply chain partners aren’t able to operate at optimal efficiency, they pass increased pricing on to your company. When partners don’t meet your expectations, it’s difficult to standardize the logistics flow, which reduces efficiency and decreases their level of commitment to your goals. Add the extra time your personnel spend working through […]
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Maximize Nearshoring Value to Minimize Supply Chain Complexity
Latin America—particularly Mexico—continues to gain favor as a sourcing hotspot. Its close proximity to the U.S. border has always been a draw, but recent developments have shifted the global trade landscape in favor of the Western hemisphere. Nearsourcing may never entirely replace production in Asia, but trading partners in the Americas should be an essential […]
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Creating Meaningful Logistics Training Programs on a Budget
Training costs are often among the first budget items to be reduced or eliminated. Smart companies, however, recognize the vital role logistics training plays in keeping their teams ahead of the competition, and choose to manage their training budget carefully. To effectively manage training dollars, every department should distinguish between essential and recommended training. Essential […]
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Minimizing the Financial Impact of Peak Season Returns
As the supply chain world settles in for a long winter’s nap, the reverse logistics world is shifting into overdrive to handle peak returns season. Both retailers and manufacturers report that the percent of returns for 2014 is roughly the same as it was by this point in 2013. The rate of returns for holiday […]
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Brokers Are Commoditizing LTL Carriers… And That’s a Good Thing
Much discussion in the transportation industry centers around how less-than-truckload (LTL) resellers, or brokers, are commoditizing the LTL carrier marketplace. While carriers don’t claim that brokers are packaging up their contracts and listing them on the Chicago Board of Trade to be exchanged like pork belly futures contracts, some do believe resellers are stripping the […]
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Supply Chain Analytics: Overcoming Obstacles to Stay Ahead of Your Competitors
Leveraging data analysis and technology integration can generate powerful insights to transform today’s supply chains. Companies continue to struggle, however, with the best techniques to get the right information in the hands of their decision-makers. Many manufacturers and shippers report their organization is not aligned around key performance metrics. Simply including analytics in your strategy […]
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Year of Uncertainty?
2014 is shaping up as a year of uncertainty. Retail sales are off, the stock market is skittish. Healthcare, energy, and regulatory policies are in flux, and unemployment levels and consumer confidence are scary. Uncertainty reigns for many. In the face of all this, growth is assured for some of us. The others are tasked […]
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Well, There’s One Thing That’s Certain…
If there’s one certainty, it’s that some things never change—sometimes for the worse, but often for the better. Consider this issue you are now thumbing or clicking through. The 2014 Logistics Planner marks Inbound Logistics‘ 20th anniversary of publishing what has become an industry standard. Such longevity is validation that our mission-based focus remains as […]
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Achieving True Mobility in Supply Chain and Logistics Operations
Mobile technology is pervasive and disruptive. It has made huge strides in the consumer market. But, when we look at mobile technology adoption in enterprises, it is still in its infancy. True mobile technology means commonly available smartphones and tablets that run standard operating systems such as iOS, Android, and Windows. There are a number […]
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A New Paradigm in Vendor Partner Management
Leading companies are moving from traditional vendor compliance to vendor partner management — a competitive differentiator in how companies manage their inbound purchase orders (POs) and transportation to increase sales and customer service. Historically, vendor compliance has revolved around chargebacks — the practice of making deductions from the purchase price when vendors break an agreed-upon […]
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Pharmaceutical Supply Chain Tackles Track-and-Trace Challenges
New legislation is in the works to prevent counterfeit medicines from entering the pharmaceutical supply chain. These random mixtures of harmful toxic substances are not only illegal; they are extremely dangerous to patients and damaging to the reputations of legitimate pharmaceutical companies. Increased Internet sales, widespread demand for generic drugs, and drug shortages in many […]
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Seeking Innovation? Stop IT Overspending
Today’s supply chain is one of the most exciting arenas for business innovation. Mobility, cloud computing, big data, and new production techniques such as 3-D printing are breaking down barriers between retailers, consumers, manufacturers, and suppliers. The technology trends driving supply chain innovation are also driving IT costs through the roof. Eighty-nine percent of IT […]
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Visions of Customer Service
Tighter links are being forged between customer service and logistics in the retail supply chain. As competition between traditional and online shopping choices heats up, expedited transportation offerings and blended supply chain networks play a pivotal role. Simply put, delivery speed and logistics agility provide the customer service levels needed to win. The main advantage […]
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Tapping Technology To Improve Lean Warehouses
Lean is traditionally thought of as a methodology for using visual signals, optimized layouts, and streamlined processes to improve material and information flow. But technology also plays a critical role in Lean operations, especially for companies managing global supply chains. Implementing forecasting, advanced planning and scheduling, distribution requirements planning, and transportation and warehouse management systems […]
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Improving Efficiencies and Costs in the Energy Supply Chain
Maintenance, logistics, and materials management professionals in upstream and downstream production are facing challenging times. Price volatility and increasing operating costs are causing energy companies to scrutinize sourcing strategies and the costs associated with vendor managed inventory (VMI), consignment, and integrated supplier programs. Additionally, more difficult oil and gas extraction methods — such as tar […]
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Optimized Operations Are Green Operations
Many companies in the ocean shipping industry are coping with increasing operating costs, below break-even performance, and aggressive price competition. Under these circumstances, the environmental impact of shipping, and ways to minimize its harmful emissions, are pushed into the shadow of more urgent cost-cutting activities. In the meantime, governments around the world continue introducing environmental […]
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Shining the Light on Pioneers and Prospects
During its annual conference in October, the Council of Supply Chain Management Professionals (CSCMP) commemorated its 50th anniversary. Important milestones like this breed nostalgia. Understandably, then, much of this year’s conference in Denver focused on honoring pioneers who helped shape our industry. While it was interesting to look back, many conversations I had with CSCMP […]
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Plan Early for Peak Returns Season
By late fall, supply chain executives worldwide are well prepared for the high-volume year-end holiday season. But following close behind it is peak returns season. Now is the time to plan for managing the returns, overstocks, and recalls businesses will process between mid-December and early March. During peak returns season, companies handle up to 45 […]
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