The Importance of Inventory Management in Supply Chains
The management of inventory is necessary for any company in order to avoid excess stock storage while at the same time ensuring customer demand is met. However, customers’ demand can be difficult to forecast due to; continuously evolving trends variability in customer preferences the need to maintain a sufficient supply of materials and goods to […]
The Value of a Good End-to-End Lead Time
About a month ago I ordered a bridesmaid dress online. Unfortunately, when I received the estimated arrival date it was 5 weeks from my purchase date! I understand that things take time to ship, but in the day in age of same day delivery 5 weeks just seemed way too long. Working in the supply […]
TransVoyant adds continuous analysis of real-time and predicted supply chain behavior to Tive and the Open Visibility Network
Leading in-transit visibility provider Tive and TransVoyant, the leader in global supply chain data fusion, business analytics and actionable intelligence, announced a partnership to deliver live supply chain situational awareness to the Open Visibility Network (OVN) to improve actionable, complete, and intelligent visibility and business insights. Most visibility journeys start by focusing on a single […]
The Unfortunate, but Avoidable, World of Detention and Demurrage Penalties
Importers and exporters sometimes get an unexpected surprise when they receive their bill for shipping containers. This comes in the form of detention and demurrage fees which can be a substantial financial loss. What are these charges, and why is it that they can sometimes come as a surprise to shippers? Although it is common […]
The Benefits of Digitization in Cold Chain
Cold chain is big business and the stakes are high. The implications of a poorly maintained and monitored cold chain go far beyond monetary losses. Food or drugs that unknowingly fall outside of temperature tolerances can pose a hidden risk. They may become tainted with bacteria even though they may not be visibly spoiled. After […]
4 Ways to Improve Your End-to-end Supply Chain’s Sustainability
According to KPMG’s Survey of Sustainability Reporting, “The Time Has Come.”, 80% of the top 5,200 companies now report on sustainability. More and more companies are dedicating themselves to environmental impact, level of carbon emissions, and waste management across their supply chains. Operating a global business involves orchestrating numerous processes that drive up the consumption […]
3 Things to Consider When Developing a Supplier Risk Mitigation Strategy
It’s nearly impossible to navigate a supply chain career without having experienced a supplier disruption at some point. Supplier disruptions come in many forms and range in severity. At best, a supplier disruption forces manufacturers to order materials from a secondary supplier for a brief period. At worst, they halt production for extended periods and […]
Live Global Supply Chain Situational Awareness Value
Have you considered the value associated with live global supply chain situational awareness (SCSA)? The pandemic exposed the lack of resiliency in supply chains and the focus now is directed towards this problem by boards and investors, making it the optimum time to aggressively move forward with a supply chain digital transformation starting with the […]
Focus Your Supply Chain Digital Transformation on Business Value
Company leaders continually face disruptions affecting supply chain operations leading to customer dissatisfaction, revenue loss, and cost increases. The inability to anticipate when actual performance will deviate from the plan, and take proactive action to intervene, put companies in a vulnerable reactive position with customers. To overcome these challenges, companies must harness enterprise and external […]
The Journey to Autonomic Global Supply Chains
TransVoyant’s CEO, Dennis Groseclose, shared his thoughts on how his prediction of autonomic global supply chains look as we come to the end of 2022… In early 2016, I was speaking to a bipartisan group of United States Senators about the interdependencies and risks in global supply chains. During the discussion, I made what was […]