Tag: supply chain

Live Supply Chain Situational Awareness: Hurricane Larry Use Case

According to the Freight Waves most recent article, over the last week (week of 09/05/21), Larry became the third major hurricane of this year’s Atlantic season, forcing container ship captains to steer clear as the storm passed the island of Bermuda this week, headed towards eastern Canada. How can you proactively plan for and manage supply chain disruptions caused by natural weather events, such as Larry? Our customers are in the midst of responding to this…
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Supply Chain Situational Awareness: Project Approaches to Unlocking Value

As companies look to achieve live supply chain situational awareness (SCSA), three project approaches to deliver a solution and business value are emerging: In-house project approach – Best of breed solutions and partners for a project managed internally Led by IT team with support from line of business users Requires heavy system integration Multi-vendor approach for core capabilities Outsourced project approach – Vendor managed services program Led by 4PL, consulting group, or system integrator Little…
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Top 3 Reasons Shipper’s Visibility Isn’t Good Enough

Top 3 Reasons Shipper’s Visibility Isn’t Good Enough Despite a variety of visibility options available to Shippers, many claim the visibility they have is not good enough to meet their needs. When you unpack the reasons why, a clear pattern in their responses emerges. These are top 3 reasons they cite: 1. It’s not actionable – Many early adopters of ‘off the shelf’ or DIY visibility solutions have come to know that a blinking dot…
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Supply Chain Risks Insight and Management

Supply chain risks are everywhere, waiting to cause the next business disruption.  Supply Chain risks include any event or activity that can affect the timely production, transportation, quality and delivery of goods in safe and saleable condition, or affect the costs of production, transportation and storage, or disrupt other elements of the planning and execution of those activities.  In addition, there are risks regarding human safety, legal and regulatory issues, intellectual property rights, counterfeit products,…
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The Importance of Inventory Management in Supply Chains

The management of inventory is necessary for any company so that excess stock is not stored at the company while simultaneously ensuring demand for customers is met. The optimal balance, however, is often achieved through properly planned and managed inventory. To help reach this balance, many businesses implement a sales and operations (S&OP) process. The basic purpose of S&OP is to bring the demand management functions of a company, for example, sales forecasting and marketing,…
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