Posts by Matt Wensing

transportation risk supply chain

Must Haves When It Comes to a Transportation Supply Chain Risk Solution

It’s a Supply and Demand Issue The risks within the transportation supply chain are evolving. They are volatile and only getting worse as demand far exceeds capacity. The transportation industry is struggling to keep up. Stakeholders along the supply chain all stand to lose margins and customer satisfaction when they can’t deliver product on time.…

OTIF with Riskpulse

OTIF Programs: What You Need to Know to Nail On-Time In-Full Performance Metrics

OTIF Standards: Good for Customer, Bad for Brands? The number one rule for any company is “the customer is always right.” Consumers drive demand which drives production. Today’s customer wants what they want when they want it and don’t particularly care if a snowstorm delayed their order. In order to meet this demand, increasingly more…

Riskpulse transportation risk management

Top 6 Things You Must Have in a Transportation Risk Analysis Solution

Transportation risk management begins with analysis. In order to effectively mitigate and manage risk effectively, companies must first understand from where their risks come and then determine how likely those risks are to occur. Only then leaders develop and execute plans of action to mitigate as much of the risk as possible. A major risk…

supply chain risk management plan

Supply Chain Risk Management Plan: What You Need to Include

The Supply Chain Risk Management Plan In a 2013 study by the Institute of Supply Management, it was found that 60 percent of firms had a supply chain risk management plan in place and another 11 percent were actively developing their plan. Flash forward to today and it would be interesting to know if those…

Q&A: When is the last safe day to ship?

Our next question, what is the latest for me to ship goods out of my plants in New Jersey and New York before the storm shuts things down? We recommend here today into tomorrow being those last days here. Certainly tomorrow is the ultimate last day to do that as again, this snow and ice…

Q&A: I-94 and Lake Effect Snow

First question, do any of your models include potential for lake effect snow, for example, on I-94 across northern Indiana and southwest Michigan. That’s an excellent question and the fact that we’re seeing this major pattern change, that is one part of that. So as we see Arctic air moving across all of the Great…

Northeast Ice Storm Impacts – 01/17/2019

Now in terms of specific impacts, the transportation, we already highlighted the, the major population areas and business centers with obviously the New York City area being a number one there. But as far in terms of lanes that are going to be impacted and transportation routes, this is a list of our main interstates…

Snowfall Overview

The other component of this pattern change is snow. And we’re going to have, you know, some pretty major winter storms here coming up. The one we’re going to focus on today is going to be the one that’s going to be moving across the country over the next four to five days. And especially…

supply chain predictive analytics

Using Supply Chain Predictive Analytics to Reduce Risk

Supply Chain Predictive Analytics and Customer Service Service. It’s what makes the difference between an average company and one that stands out from the rest. With product margins shrinking every day, manufacturing companies are looking to service to make up the lost revenue. Enter supply chain predictive analytics. We are all familiar with predictive analytics…

Leverage Weather with Riskpulse

How Shippers Can Reduce Freight Spend Using Weather as a Strategic Advantage

Demand and Supply According to The Wall Street Journal, U.S. companies are spending more than ever on transportation costs, a record $1.5 trillion in 2017 alone. That’s up 6.2 percent from 2016. The culprit? Blame it on increasing demand that raises logistic services prices. No mode of transportation is immune to the rate hikes. The…