Articles
Commentary
Delivering Procure-To-Pay Success
The next step in inbound logistics goes beyond delivering goods. As e-invoicing and procure-to-pay networks have evolved into broad-based business networks, advancements now enable professionals to finally connect all the dots in the supply chain. Over a secure cloud-based network, customers share accurate, actionable data with suppliers around the world, enabling immediate electronic transactions and […]
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Are Your Processes Adding Value or Waste?
Packaging helps protect and preserve products, but these days companies tend to over-package and over-protect. Excess packaging illustrates the waste known in Lean methodology as overprocessing. Added processing that doesn’t bring value to goods or services in the customer’s eyes creates unnecessary waste. When trying to eliminate overprocessing waste, start by focusing on standardized work. […]
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6 Secrets to Finding the Right 3PL
To help mitigate a potential capacity shortage, many shippers are turning to third-party logistics (3PL) providers to help cover lanes that otherwise would be difficult to fill. If you are looking to partner with a 3PL, these guidelines can help you secure a beneficial service provider relationship. 1. Choose carefully. Until recently, Internet access and […]
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Is Slow Steaming Good for the Supply Chain?
When shipping lines began promoting slow steaming—operating ships at lower speeds to reduce fuel costs and carbon emissions—they highlighted its environmental benefits. Slow speeds reduce fuel consumption and, therefore, the output of harmful emissions, helping shippers reduce their carbon footprint and reinforce their green image. Sailing ships at slower speeds does significantly reduce fuel consumption. […]
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Navigating New IT Pathways
Logistics information technology is many things, but static isn’t one of them. In the supply chain, cloud computing opened new ways for logistics managers to deploy best-of-breed solutions, capture and disperse information, and execute change. Mobile communication enables practitioners to seed the cloud from anywhere, then feed off that shared data. Social media offers a […]
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CNG as a Transportation Fuel: A Fuel Manager’s Perspective
Since 2009, natural gas prices have followed a decidedly different path than gasoline and diesel prices. Natural gas prices have dropped 43 percent, while gasoline and diesel prices increased by more than 200 percent. These divergent price trends have created an opportunity to use compressed natural gas (CNG) as a transportation fuel. Based on the […]
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Are You Paying Too Much for Transportation? Benchmark Carrier Activities to Find Out
If you haven’t reviewed your carrier activity in the past 12 to 18 months, there’s a good chance your transportation costs are more than what you’ve planned, higher than the rates listed in your routing guide, and, quite possibly, higher than competitive market rates. Over the past year, shippers have begun to feel the pinch […]
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To Rebuild America’s Economy, Keep Products at Home
Despite anecdotal evidence of a comeback brewing in domestic industry, wide-ranging new data repeatedly point to major—even mounting—manufacturing woes, including flatlining growth and record trade deficits. More importantly, advanced domestic manufacturing keeps failing a crucial competitive test: holding onto markets in its own enormous American backyard. Imports continue to gain at the expense of U.S. […]
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Five Tips for Landing a Successful Supply Chain Internship
From the Editor: Our Smart Moves column usually features insights from academic experts, but this month we feature a student’s perspective. MBA candidate Sweta Ashwarya’s sound advice on finding an internship applies to anyone delving into their professional network to pursue career advancement. Albert Einstein once said, "The only thing that interferes with my learning […]
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America’s Hardened Arteries
Over there: They plan to build an island where none exists. And a modern port. And road and rail connections. In five years. Over here: We study for more than two decades whether or not to dredge the Savannah River. Over there: They measure port operation productivity in multiples of what we have here. "Compared […]
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Understanding Warehouseman’s Liens
When a warehouse operator believes it is owed storage and handling charges from a customer, it will often assert that it holds a “warehouseman’s lien” over the customer’s goods stored in the warehouse. By asserting such a lien, the warehouse operator is attempting to prevent the customer from shipping or otherwise making use of any […]
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Performance-Based Negotiations: Simulation as Support for Decision-Making
Performance-based logistics (PBL) contracts have the potential to reduce cost to the buyer, while also increasing capability. This is contingent on the right set of metrics and cost targets being developed to ensure the right contractor incentive. Today, less than five percent of work performed in both government and private sectors is under PBL deals. […]
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Tracking Tools Protect Food Shipment Freshness
Managing food safety can be difficult in the best of conditions. From the field to the retailer, food comes in contact with soil, water, pallets, vehicles and a variety of other materials – any of which can introduce human pathogens into the food chain. Meat, seafood, poultry, and fresh fruits and vegetables are the highest-risk […]
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Leveraging Technology to Accelerate Productivity and Profit
Companies are increasingly turning to logistic services providers to run their manufacturing, warehousing, and transportation operations more efficiently and at less cost than they can run it themselves. Particularly in the past few years, many companies have outsourced logistics to save on operations costs and labor. This puts the crowded third-party logistics (3PL) market at […]
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Plan Ahead to Avoid Overproduction
Sometimes too much of even a good thing can be bad. Such is the case with excess inventory. Companies need sufficient inventory to meet customer demand, but too much stored product can result in negative consequences, such as high carrying costs. When companies produce or purchase too much inventory, it is often the result of […]
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Learning on the Job
Today’s supply chain is vastly different than 10 years ago—and positively futuristic compared to 1981, when this magazine first espoused a novel approach to managing transportation and logistics. The pace of change has been swift and sweeping. Technology innovation and proliferation have broken down functional silos and torn asunder geographic boundaries and constraints. Shrinking computers […]
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You’re Faced With a Recall. Can You Find That Product?
Product recalls cost the U.S. economy $7 billion annually, according to the Washington Post. Yet most U.S. companies still struggle with real-time inventory visibility, and managing inventory across their network of suppliers, distributors, and manufacturers. With the average product recall costing $10 million, the inability to quickly and effectively recall product presents a huge risk […]
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Five Core Competencies Every Supply Chain Manager Should Master
The maze of challenges that makes up the global supply chain demands that logistics professionals never stop developing new skills and enhancing existing ones. Here are five core competencies that supply chain professionals need to master—and continually improve. Global business leadership. If your supply chain isn’t global now, it probably will be soon. Supply chain […]
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Trends and Predictions for 2013 and Beyond
2012 was another banner year for many in the third-party logistics (3PL) sector. Shipper procurement strategy has continued to evolve, and there are certainly some notable trends that will shape future decision-making with respect to shippers, asset-based providers, and 3PLs alike. Technology, innovation, and transparency seem to be on the minds of many in our […]
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St. Louis: New Gateway to Asian Markets
Nicknamed the Gateway to the West nearly 200 years ago for its presence as an economic powerhouse, St. Louis, Mo., is making significant progress as a key partner for international trade relations and economic growth. For new businesses or those seeking to grow trade relationships, St. Louis now represents a gateway to Asian markets. St. […]
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