Breaking the Supply Chain Bottleneck: Tackling 2024's Shipping ...
October 9, 2024. Karim Jumma, SCB Contributor. The shipping industry faced significant challenges in the first half of 2024. The sector is responsible for transporting about 90% of global trade, including large quantities of crude oil, iron ore, and grain, and has been essential to the global economy. The volume of seaborne trade, which has ...
Strategic Sourcing: Five Steps to Secure the Best Suppliers
Oct 8, 2020 · As organizations retool their supply chains for 2021, they have an opportunity to revisit their sourcing to put in place the structure and organization to drive the best outcomes, by following these five key steps for strategic sourcing success. Evaluate, collect data and build a …
The Imperative of Multi-Tier Supply Chain Visibility
Feb 5, 2024 · The Imperative of Multi-Tier Supply Chain Visibility. Analyst Insight: The need for product-level visibility across multiple tiers of the supply chain was reinforced during the COVID-19 crisis. It’s also being driven by new regulatory requirements for environmental, social and governance (ESG) compliance, such as the German Supply Chain Act.
The AI Revolution: Transforming Supply Chain and Logistics with ...
Feb 5, 2024 · Analyst Insight: The use of artificial intelligence (AI) in logistics and supply chains has increased significantly over the past several years as companies have been seeking ways to enhance decision making, streamline operations, reduce costs and improve customer satisfaction.By providing logistics and supply chain professionals with deeper insights at a …
L.L. Bean: A Century of Keeping Pace With Customers’ Needs
Aug 1, 2020 · L.L.Bean has seen a lot of change in its 100-year history. From its beginnings as a catalog merchant, the company has grown into a global, multi-channel retailer with physical stores and e-commerce channels, in addition to its popular catalog business. But some things haven’t changed — in particular, the company’s loyal fan base and commitment to customer service.
Seven Last-Mile Delivery Challenges, and How to Solve Them
Mar 26, 2021 · So let’s review the most significant challenges affecting last-mile delivery, and how they can be solved to gain a competitive edge in the digital marketplace. Last-mile service should emphasize speed, timely delivery and accuracy, with the goal of improving brand loyalty and customer satisfaction. One study finds that 56% of shoppers won’t ...
Four Steps to Managing Supply Chain Bottlenecks and Constraints
Jan 29, 2024 · The theory of constraints is a methodology for identifying key obstacles to achieving a designated goal. It involves systematically enhancing and resolving a constraint until it no longer hinders progress. By removing bottlenecks in the supply chain, companies can reduce inventory and operating expense, while enhancing throughput and overall effectiveness.
Five Key Provisions You Should Have in Your Supply ...
Jan 10, 2021 · Smart partnerships and relationship management are critical to every supply strategy, but the supply-chain contract is what counts when questions arise or things go wrong. Contracts set expectations, guide the resolution of disputes, and outline how and when the parties’ obligations end. Getting it right is crucial. The exact provisions of supply-chain …
For 3M, Technology Was the Key to a New Supply-Chain Mindset
Apr 24, 2017 · 3M came to the point where an analog supply chain was no longer tenable, says senior vice president of supply chain Paul Keel. The future lay in digitization. In the case of the company’s supply chain, “legacy” meant “linear.” For years, 3M had achieved better results by hiring more people, building more plants, adding more energy.
Seven Steps to Ensure Quality Across the Supply Chain
May 20, 2021 · Take an enterprise-wide approach. Expand the role of supplier quality management from just the quality team to everyone who has a relationship with your suppliers. Your procurement team can be a strong ally in ensuring proper supplier quality. Involve suppliers. Make suppliers part of your quality system.