Articles
Commentary
How to Find Value in Big Data
There’s an endless amount of big data, but only storing it isn’t useful. The value is in what you find in the data. Instead of aggregating all the data you’re getting, you need to define the problem that you’re trying to solve and then gather data specific to that problem. Today we have the capability […]
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The Slow, Steady Decline Of the Owner-Operator Model
Today, we face the slow extinction of independent owner-operators. These self-reliant business owners are dealing with a myriad of regulations that will soon make the owner-operator model impractical, and its survival improbable. Of the 3.5 million truck drivers in the United States, about 350,000 are owner-operators, according to the Owner-Operator Independent Drivers Association. If you […]
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Rethinking Reverse Logistics for Online Apparel Returns
As virtual shopping bags replace physical ones, it’s important for retailers to update their policies and logistics strategies to align with consumer behavior and expectations. This is particularly the case when deciding how to handle apparel returns, which boast one of the highest return rates: One in three purchases are sent back. This trend, and […]
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Evaluate Partners Before You Sign the Contract
In an increasingly competitive global environment, every element of the supply chain must be effective and efficient—to deliver the right quality products, on time and at the right price. Empowering your procurement team before supplier selection is key. For companies that outsource materials, parts, and equipment, the potential for quality issues and hidden costs can […]
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When to File Loss and Damage Claims: Know Your Rights
Damage, loss, and delays are inescapable. When these events occur, the shipper has to file a claim to recover the loss. Shippers should understand the claims process and law because the legal principles are unique to the shipping industry. First, it is important to understand that a cargo claim is based on a breach of […]
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Going for Brokers
Over the past 18 months, we have seen a significant shift toward shippers utilizing brokers as their primary carriers. Many shippers abandoned the strategy of focusing on asset-based carriers, and now load their routing guides with brokers as the choice of record. We also see brokers being able to meet the detailed requirements of many […]
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Tackling Retail Logistics: Build Your Team First
The retail industry is changing at a faster pace now than at any other time in history. We are only at the dawn of the new world order: connected retail. Supply chain is on the front lines of the ongoing revolution. When RILA and Auburn University recently surveyed retail supply chain executives, 98 percent rated […]
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Why Global Trade Needs a Rebrand
In 2016, doubts about the wisdom of trade deals factored heavily in the UK’s vote to leave the European Union and in the outcome of the U.S. presidential election. Skepticism about the benefits of free trade has been bubbling for years. In the United States, President-elect Donald Trump has vowed to kill the 14-nation Trans-Pacific […]
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Optimizing the Product Portfolio
Customer expectations are higher than ever, and the most successful distributors continue to accommodate their customers through multiple channels designed to attract and retain them. Despite all the business emphasis on community, engagement, and relationship, the importance of offering the right variety of products remains—and it cannot be overlooked. In this environment, the constant pressure […]
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Times They Are A-changin’
Let’s say you are a manufacturer in the Midwest. You’ve got an excellent product line, a well-tuned supply chain, dedicated workers, and a great brand. Let’s say your company’s name is Harrier, because you have a long history of being a tough global competitor. The problem is, your competitors moved offshore, reaping competitive advantages such […]
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GOOD QUESTION | What logistics concerns keep you up at night?
To meet the needs of last-mile delivery, large e-commerce players are searching for prime real estate near population centers. With fewer good sites and skyrocketing warehouse/DC costs, 3PL storage margins are shrinking, and clients are unaware of pending rate increases. Richard Murphy, Jr., FASLA President & CEO Murphy Warehouse Company Retail is all about coordinating […]
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How Precise Forecasting Tames Item Proliferation
Accurate forecasts enable better planning, lower inventory and manufacturing costs, and improved service levels. By limiting line item proliferation, precise forecasting reduces errors significantly for new product launches. New products lack the history required for traditional demand planning methods. In the same way that the financial industry uses algorithms to sort through masses of market […]
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Pursuing a Certificate? Learn Before You Act
People who are successful in their profession consistently challenge themselves to learn more, regularly attend professional meetings to network with peers and mentors, and seek out opportunities to expand their education. Are you thinking about pursuing a certificate or certification in the supply management profession to enhance your knowledge and improve your career possibilities? Here’s […]
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Getting Distribution Centers in Peak Season Shape
While the annual peak shipping season begins in August and lasts through the winter holidays, the work for supply chain and logistics distributors certainly doesn’t end come the new year. In fact, the National Retail Federation’s monthly Global Port Tracker report indicates that cargo volume for January 2017 is forecast at 1.53 million Twenty-Foot Equivalent […]
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How to Beat Amazon at the Retail and Supply Chain Game in 2017
In a recent omni-channel benchmark study, Retail Systems Research identified the top three omni-channel technology investments for retailers in 2017: Distributed Order Management – 46% planning a change, 14% with net-new budgeted projects Enterprise Content Management – 42% planning a change, 17% with net-new budgeted projects Enterprise Wide Inventory Visibility – 37% planning a change, […]
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Getting the Goods on Logistics this Holiday Season
E-commerce continues to be the growth engine in retail with a 15-percent increase in 2016, according to U.S. Department of Commerce (Q2 2016 versus Q2 2015). Online shopping drives logistics growth as almost every e-commerce purchase needs to be delivered to the consumer’s home. This has resulted in increased investment and jobs in the retail […]
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Four Technologies Set to Change the Future of Logistics
Technology historically plays the role of a disruptor, the means to newer and better things, and the destruction of old ways of life. The following four technologies are sure to disrupt the business of logistics. 3-D Printing The technology of 3-D printing makes it possible for manufacturers, other businesses, and even individuals to print exact […]
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Supply Chain Analytics: Creating Value from Data with Machine Learning
Supply chain analytics is changing: More data than ever is available to analysts today, and often in near real-time. From item-level inventory data and GPS to condition monitoring and signals from social media, new data sources are augmenting available supply chain data. The most competitive supply chains of the future will be those that make […]
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Supercharging Your Supply Chain and Logistics Career
Take your logistics and supply chain career to the next level by understanding how your skills can impact an organization, networking with other industry professionals, and continuing to develop critical skills.
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Trump Presidency Is Reality. Let’s Talk Supply Chain Implications.
As the 2016 Presidential election results were announced, it became clear that the candidate with the least concrete trade policy had won. This created a fair amount of concern for supply chain professionals everywhere: Would the new president implement the protectionist measures he campaigned on, or were those statements made primarily to appeal to an audience? […]
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