Supply Chain
Efficient vs. Responsive Supply Chain or Can You Have Both?
Should You Focus on an Efficient or Responsive Supply Chain? An efficient vs. responsive supply chain is a common dilemma. Let’s begin with efficiency. There is rarely the case where efficiency is a bad thing. Efficient processes result in less waste. Efficient workflows result in greater productivity. What about an efficient supply chain? Supply chain…
OTIF Calculations: Not as Simple as You Might Think
The Philosophy Behind OTIF Calculation On-time, in-full – or OTIF as it’s commonly referred to – was borne of the concept that retail stores need to be able to better manage their supply chain and manage inventories. By putting suppliers’ and shippers’ feet to the fire, retailers can be more responsive to customer demand by…
Time to Automate Transportation Risk Management
Weather Isn’t The Enemy: Use It to Reduce Freight Spend
Weather, Climate, and Natural Disasters Are Major Concerns For shippers, the weather, climate, and natural disasters are often the enemy, causing major supply chain disruptions in the form of delays and even damage to cargo. There’s a good reason for the concern. Major weather events have had a significant impact on businesses and the economy…
On-Time In-Full Commitments Are Achievable with Predictive Intelligence
The OTIF Driver On-time in-full (OTIF) is a relatively new concept that stems from a single driver: customer demand. As consumers become increasingly accustomed to locating, purchasing, and receiving products in a matter of days, their tolerance for anything outside of this new norm is relatively low. Even with understandable circumstances, such as a major…
6 Key Features to Look for in a Transportation Risk Analysis Solution
Mitigating Risk: Reactive to Proactive Planning
Proactive Planning for More Responsive Risk Mitigation Supply chain planning is all about managing risks to operations. Unfortunately, many organizations are still playing defense – dealing with disruptions to the supply chain as they happen instead of anticipating and mitigating risks before they occur. Some blame the fact that they lack the tools to predict…
Tough Transportation Challenges in the Food & Beverage Sector
Moving from Reactive to Proactive Strategies: Considerations for Mitigating Risk
Using Risk Scores to Facilitate Risk Management
Managing Risk Well Brings Competitive Advantage Risk management is often a sticky subject. Few people enjoy thinking of all of the bad things that could happen. “We don’t take risks” is a common mantra. Is there any possibility you won’t meet your objectives, commitments or economic targets? That possibility IS risk. Companies recognize they need…