Supply Chain Compensation is on the Rise!

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Compensation article originally published by, and permission to publish here provided by,  Argentus at  http://www.argentus.com . 

This week saw one of the year’s most highly-anticipated releases in the Supply Chain industry: the Institute of Supply Management (ISM)’s annual salary survey.

As a recruitment company specializing in the industry, we consider it part of our mandate to spread the word about salaries in the field – and educate ourselves even further in the process.

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3 Great Reasons to Buy a Used Truck and Get Your Money’s Worth!

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The delivery industry is one of the most promising business niches nowadays as the demand maintains at an all-time high. This happens because buyers’ behavior has shifted in favor of online shopping over the last couple of years.

And while the e-commerce upward trend was in part supported by the pandemic, buyers continue to prefer shopping online. Plus, with new challenges that disrupt the traditional supply chain system, long-haul trucking seems to be the world’s best bet. 

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5 E-Commerce Order Fulfillment Choices! (Infographic)

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E-Commerce order fulfillment article by Dona Dimaculangan of 3P Logistics at  https://www.3p-logistics.co.uk/.

Businesses have long since entered the E-Commerce marketplace. But how do you physically fulfill all of those online orders?

The age of technology and innovation has made E-Commerce order fulfillment business processes and solutions so readily available that it has become highly competitive.   This competition is especially apparent in the area of E-Commerce  Third-Party Logistics (3PLs).

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Enable Spend Aggregation in Procurement!

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Aggregating your procurement spend for the purpose of delivering greater value is a sound objective.  Theoretically you should be able to generate better service, better terms and conditions, and better cost.  Therefore you should enable spend aggregation.

Yet there can be many obstacles in your way to achieving this seemingly simple goal.  Loss of control, fear of job loss, questionable benefits, and a perceived loss of margin are some of the obstacles you may run across.  We discussed these in greater detail in our post Procurement (Part 1!) – The Spend Aggregation Obstacle Course!

You may be trying to aggregate spend within your company or across companies, or you are trying to outsource this to a Group Purchasing Organization (GPO).  To overcome the Spend Aggregation obstacles there are a series of enablers you need to enact to make this successful.

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The Supply Chain Detective ™! In Search of Broken Supply Chain Clues!

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How can you tell if your Supply Chain is broken?  Do you need a Supply Chain Detective?

Certainly there can be obvious clues:  your CEO starts firing and hiring people, consultants are brought in, customers start leaving, or operating and financial performance suffers.

But before the situation gets to those extremes what are the clues that your Supply Chain is not working as well as it could, or should?

Supply Chain effectiveness is absolutely critical for companies in most  industries to survive, let alone succeed.  And even if your company seems successful now that is no guarantee that it will be in the future.

So detecting those clues and solving these problems is of paramount importance.

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How to Create a Digital Marketing Strategy for a Logistics Company!

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The power of digitalization is evident in many spheres and industries, including the logistics one. As the technologies develop, the means for promoting logistics services with a digital marketing strategy has also changed.

For instance, logistics marketing heavily relies on digital channels of communication. The same goes for logistics advertising that primarily uses online promotion rather than standard media channels.

Companies that operate in the industry of logistics also have to keep up with the times and adjust the marketing strategy accordingly. This would help to maximize the effectiveness of the existing marketing effort and discover new horizons.

Read this article to find out more about logistics marketing and learn the specifics of logistics business plan creation.

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The State of Uncertainty in the Freight Market!

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Freight market article and permission to publish here provided by Kevin Jessop at cerasis.com.

Truckers and shippers have real fears over the effects and long-term impact of the supply chain coronavirus disruption. The coronavirus, also known as COVID-19, continues to change basic supply chain functions.

UPS and FedEx both have released statements professing their need to continue shipping as an essential business, but it will be harder for smaller, more local carriers to keep up with their pace. Meanwhile, the global air cargo volume has dropped significantly, explains Greg Knowler, JOC Senior Editor, “up to 5,000 tons of cargo in air freight from China to the U.S. have vanished per day.”

The entire situation seems to be on track to a worsening, and shippers need to understand that the supply chain coronavirus is having a worldwide impact that will undoubtedly continue for the coming weeks.

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Supply Chain Predictions!

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Predictions article originally published by, and permission to publish here provided by,  Kuebix at https://www.kuebix.com

In the book, The Living Supply Chain, the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Conversely, slowing down the supply chain is at the root of everything that is bad: working capital write-offs, reduced profitability, and slowing revenues.”

To “speed” up the supply chain is to invest in change and change will come with the digital transformation of the supply chain, which is the major focus for executives in the future.

Much change in the supply chain industry will be due to innovative technologies for digital transformations, along with the recent tax reforms, and the still-current driver shortage/capacity crunch. Digital transformation of the supply chain will change everything – for the better.

Supply Chain predictions

These are the innovative technology predictions companies must use to undergo this transformation within their supply chains:

Cloud-based technology deployments lower cost of ownership due to not having a large capital expenditure on hardware and upgrades. Cloud-based solutions are ideal for any size business because they can be scaled up as your business grows and are easier to set-up and manage.

Advanced Analytics will support real-time decision making based on data captured across the supply chain. With analytics, businesses can more effectively predict and fill demand. You can also manage relationships with carriers, suppliers and customers while improving processes. Using advanced analytics in a transportation management network to look at historical traffic patterns, you can plan a truck’s route that takes into account time delays for more accurate arrival times.

Tracking and Tracing of raw materials through manufacturing to the end customer must take on Amazon-like capabilities, meaning customers will know where their orders are at any one time, just like when you order from Amazon. With track & trace, you will get deep visibility to SKU-level information from first-mile to last-mile, including the tracking of costs to better monitor transport spend. Communications with customers will be proactive instead of reactive, alerting customers if their order will be late or when it will arrive.

Supply Chain Visibility will make data collected from end-to-end across the supply chain available to all stakeholders, giving them greater control and visibility into what is happening across the enterprise. You can uncover roadblocks within your supply chain that could lead to delays in shipping.

 

Blockchain will provide interconnectivity between ledgers of supply chain trading partners, enhancing traceability of transaction history. Automating the flow of information among trading partners provides transparency and boosts efficiencies. Blockchain works with cryptocurrency to determine payment amounts, allowing drivers to be paid as they complete parts of their journey. This completely removes the transport broker from the equation, giving drivers access to quicker settlement. However, blockchain is still a technology that needs further development before it can be proved useful to some businesses.

Artificial Intelligence initiatives require specialists who are hard to find, potentially stalling any projects. AI utilizes algorithms to detect patterns in vast volumes of data and interpret their meaning such as predicting whether a carrier will be on-time based on weather conditions and past performance.

Predictive Analytics, often combined with Artificial Intelligence, helps shippers understand, automate and optimize their supply chain processes to gain better efficiencies. Predictive analytics provides shippers with actionable intelligence and predictions to guide the decision-making process, helping you to reduce costs and optimize operations. Scorecards on carrier performance can alert shippers on which carriers can better meet their service obligations.

The Internet of Things (IoT)– More devices, from pallets to trucks will have sensors embedded to transmit status and performance data. This real-time information will be used for monitoring everything from equipment health to asset locations to order tracking and more. Advanced analytical systems use the data to uncover trends that lead to predictions and performance improvements and cost reductions.

 

Originally published on Supply Chain Game Changer on March 14, 2018.

Screen Time! Is That Enough To Be Good In Supply Chain?

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How many screens do you have?  And is your screen time?

You likely have a Cell phone or a Smart phone.  You may have a Desktop computer monitor or a Laptop, or both, between your home and your place of work.  You may have a wearable device like a Fitbit or an Apple Watch.    You may have an iPad or other type of tablet.  And your TV may even have Internet connectivity.

We are surrounded by screens and the amount of time that we spend on them is truly  remarkable.

But for those who are learning about Supply Chain, or any other profession for that matter,  is it best to acquire that learning and gain that experience just by watching screens?  Or is it better in Supply Chain to learn based on actual physical experiences and interactions?

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5 Ways to Reduce Fleet Management Costs!

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Unchaining Change Leadership

Fleet management costs article and permission to publish here provided by Bryan Christiansen.

In principle, it sounds simple. If an organization finds a way to reduce operational costs, it can lead to savings that apply directly to the bottom line. In virtually any business, there is usually more that can be done in an organization through a deeper dive into fleet operation.

Here are 5 ways that a company can reduce operational expenses for fleet management.

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Putting a Shine on Supply Chain’s Image!

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For many of those who work in Supply Chain they know that there is a lot of excitement in working in this field. It’s time for putting a shine on Supply Chain’s image.

The diverse career paths and responsibilities, the involvement in most aspects of a company’s tactical and strategic activities, and the opportunity to be at the forefront of future change and technological advancements all make Supply Chain exciting.

But for many who work outside Supply Chain, who are new to the work force, or even those who work in the field there can be an outdated or tarnished image of what working in Supply Chain means.

It’s time to make everyone aware of the prospects and future opportunities in Supply Chain and putting a shine on that image.

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How AEI Tags Are Changing the Way Freight Moves!

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AEI tags article and permission to publish here provided by Adrian Brito on behalf of Industrial Networks.

In the shipping industry, automatic equipment identification (AEI) tags are the lifeblood of data collecting.

Railyards and trucking companies place the AEI tags on their freight cars and tractors to help track shipping all over North America. 

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Shipping Containers! More than just a Box! (Infographic)

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The incredible proliferation of shipping containers is so vast that it is easy for current generations to take the existence of these steel boxes for granted.  It’s the same for cell phones; anyone born in this millennium assumes that there have always been cell phones.  Yet both were revolutionary in their invention and introduction.

Any Supply Chain professional is always looking for ways to reduce costs, improve efficiency, and increase speed.  And it is with that mentality that the common, standardized shipping container was invented.  Such a simple concept may seem obvious now but it was truly revolutionary when it was created.

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How to Prevent Shipping Damage! (Infographic)

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Shipping Damage article and permission to publish here provided by excelsior.ph.

Shipping damage can cost any business owner a significant loss in annual gross sales. Although it can be prevented, damages on shipping can happen more often and might bring a series of detrimental effects for both the buyer and the seller.

The reputation of a brand also relies heavily on its capability to secure its products during the shipment process. For exporters, as well as those who own an eCommerce business, maintaining the pristine condition of each product before it reaches the customer must always be a priority.

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On Time Delivery – Get that right First!

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No matter what industry you are in and no matter what channels you are serving your Customers expect delivery of their goods on time.

You may have different pressures, to increase profits for instance, but you must take care of the basic expectation of on time delivery first.

If you don’t have on time delivery all your other pressures will not matter.   Your customers will go elsewhere and your business will fail.  Even if you have a unique product that no one else in the world has (for now) you must deliver on time to your customers.  If not there will always come a time when your customers will be able to go elsewhere.

Providing on time delivery may seem basic.  But it is the foundation on which the rest of your business must be built.

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