Articles
Risk Management
Trends—December 2013
Predictive Analytics: A Sure Thing Here’s a forecast you can count on: Cloud-based predictive analytics offerings are increasingly available to more companies of all sizes. More than 90 percent of the 350 companies polled in a new survey conducted by California-based research firm Decision Management Solutions say they expect to deploy predictive analytics functionalities within […]
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Expecting the Unexpected: The True Test of Leadership
Regardless of whether you run a global organization or are just starting your logistics career, you already know that no two days in this business are ever alike. Every day is unique depending on what customers are being served, and where their goods are being shipped. Some days require more fortitude than others, however. Issues […]
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Preparation: Your Best Asset in Managing Supply Chain Disruptions
Supply disruptions occur daily, caused by delayed deliveries; weather impacts on inbound supply; and prolonged standstills associated with natural disasters, port labor strikes, or critical supplier failures. Whatever the reason for the disruption, supply chain managers prove their value by delivering—no matter the circumstances. An active risk management process helps identify a range of possible […]
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C-TPAT: Building Safer Supply Chains
The growing security concerns companies face in the global market make it critical to understand potential supply chain risks, and establish a managed, proactive approach to security. One significant step companies can take to protect their supply chains is becoming a member of the Customs Trade Partnership Against Terrorism (C-TPAT) program. As C-TPAT members, organizations […]
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Shoring up Sourcing Strategies
Q: What factors are driving reshoring/near-sourcing consideration? A: A balance in labor rates between China and North America is warranting a second look at sourcing and manufacturing closer to demand. Mexico may be a first choice because of its labor cost differential, but the United States, with the promise of cheaper energy, presents another opportunity. […]
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What Happens When Your Warehouse Is Unplugged?
In warehouses, business as usual relies on steady and stable conditions—but these are not guaranteed. Numerous situations can disrupt productivity: A hurricane or ice storm comes through and knocks the power out for several days. You outgrow your warehouse and have to shut down while you move to a larger facility. The server finally crashes, […]
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Bringing Risk Management into the Heart of the Supply Chain
When supply chain executives are asked about the amount of contact they typically have with their chief risk officer, the answer is typically, "Not much." And they might add that their interaction usually involves providing input into enterprise risk management (ERM) for an update to their board. When asked whether the ERM team plays an […]
Read MoreMinimizing Supply Chain Risk
Lean concepts such as just-in-time, virtual inventory, supplier rationalization, and fewer distribution facilities reduce total supply chain costs. They also increase supply chain risk. Chris Cameron, solution architect at Exton, Pa.-based supply chain solutions provider Elemica, offers these tips for preventing supply chain disruptions. 1. Identify and assess current risk. Quantify and prioritize risk, then […]
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Holiday Rush Planning: How to Mitigate Risk in a Volatile Market
In today’s globalized supply chain, extended manufacturing and transportation lead times dictate that retailers complete most holiday season planning in June and July. These plans are based on the best available intelligence at the time, including consumer forecasts, retailer promotions, and the competitive landscape. Within the build window for seasonal holiday demand, the industry is […]
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How to Manage the Supply Chain Following a Natural Disaster
Planning for supply chain exceptions is increasingly an expectation for risk-sensitive shippers. The last decade has unleashed a flood of global weather disasters, from Hurricanes Sandy and Katrina to the eruption of Iceland’s Eyjafjallajokull volcano to the earthquake and tsunami in Japan. Each has impacted business operations in different ways. Failing to properly react to […]
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