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LSCMS Blog

Blog for updates and happenings in logistics in the Asia-Pacific region

February 26, 2015

Choosing a Route Planning System

Filed under: News,Newsletter,Supply Chain Management — admin @ 11:15 am

A route planning systems can drastically reduce the time it takes to plan your transportation schedule. Other benefits include lower mileage and fuel usage, decreased carbon emissions, and increased customer service.

This post details 10 capabilities that are required when looking at selecting a route-planning system.

[Read more… Curated from Inbound Logistics]

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Big Data Analytics Useful ? Only If Plugged Into Daily Operations to Make Decisions

Filed under: News,Newsletter,Supply Chain Management — admin @ 11:15 am

It’s easy for tech-savvy executives to get excited about Big Data and advanced analytics these days. Newly available tools allow companies to do things they couldn’t do before, like recommending specific products to online buyers or mining workers’ compensation claims data to recommend better treatment options for injured employees. But whiz-bang capabilities don’t create real value unless an organization incorporates these new techniques into its day-to-day operations. 

 What does that mean in practice? The best way to understand any company’s operations is to view them as a series of decisions. People in organizations make thousands of decisions every day. The decisions range from big, one-off strategic choices (such as where to locate the next multibillion-dollar plant) to everyday front-line decisions that add up to a lot of value over time (such as whether to suggest another purchase to a customer). In between those extremes are all the decisions that marketers, finance people, operations specialists and so on must make as they carry out their jobs week in and week out. 

[Read more… Curated from Supply Chain Brain]

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February 25, 2015

Achilles: Global Businesses Wasting $30B on Supply Chain Bureaucracy

Filed under: Logistics,News,Newsletter,Technology — admin @ 11:09 am

InformationAcross the world, businesses are spending US$60 billion a year on managing information about their suppliers – half of which is wasted.

Global businesses are wasting more than US$30 billion a year on managing critical information about their suppliers – because they’re failing to work together on tackling the administrative burden.

In a market survey, only a third of large firms in the utilities, manufacturing, mining, construction, engineering and oil and gas sectors said they work collaboratively with other similar businesses to carry out due diligence on suppliers.

The Nordics – comprising Sweden, Denmark and Norway – fared best for collaboration out of all regions surveyed. Just over a third (37 per cent) of businesses said they work with other firms in the same industry to manage information about suppliers. Spain was last – with less than one in five (18 per cent) of firms sharing the administrative burden with their counterparts in industry.

[Read more… Curated from Logistics Insight Asia]

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February 23, 2015

The True State of Global Connectedness

Filed under: Economics,News,Newsletter,Supply Chain Management — admin @ 11:12 am

PodcastGlobal trade: Love it or hate it. But don’t overestimate its impact on individual economies.

Proponents of trade point to the benefits of global “connectedness,” while opponents damn that very thing. Asked about the actual impact of trade on domestic jobs and products, however, people tend to wildly overestimate the figures. What’s more, a continuing study of trade’s impact, sponsored by DHL, suggests that the world isn’t quite so connected as one might think.

[Read more… Curated from Supply Chain Brain]

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February 18, 2015

Food Supply Chains in 2015: A Banquet of Risk

Filed under: News,Newsletter,Reverse Logistics,Supply Chain Management — admin @ 11:13 am

FoodThe food industry has a lot on its plate these days.

Product recalls, quality issues, tougher regulations, new industry standards, rising costs – they’re all impacting food and beverage supply chains across the globe.

The recall issue, for one, appears to present something of a contradiction. Although the number of incidents is on the rise, overall food safety is improving, according to Keri Dawson, vice president of industry solutions and advisory services with MetricStream, a vendor of governance, risk and compliance software.

Companies are encouraged to be more proactive in tackling fraud in the food supply chain, and food suppliers need to be increasingly vigilant with food handling. Additionally, toxins, pesticides and other chemicals introduced in to the food supply chain are coming under greater scrutiny.

[Read more… Curated from Supply Chain Brain]

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February 12, 2015

Forrester Study Shows ‘Trust is Key in Selling Goods Online’

Filed under: Finance,Logistics,News,Newsletter — admin @ 11:08 am

eccommerce-concept-1-1415244-mNew research shows importance of trust for online shoppers in Asia-Pacific when buying from SME e-tailers in other markets—reveals how SMEs can win that trust.

FedEx Express unveiled the results of a research study into global consumer behavior around cross-border e-commerce. Conducted by independent research firm Forrester Consulting, the FedEx-commissioned study reveals a marked reluctance among online shoppers in the Asia-Pacific region (APAC) to buy directly from the websites of small- and medium-sized enterprise (SME) online retailers: 57 per cent of APAC respondents ranked this as their least-preferred business type for cross-border shopping*, ranking it below multi-brand online marketplaces, brand or manufacturer websites and bricks-and-mortar retailers.

Of the APAC respondents who expressed misgivings about buying direct from SME online retailers, 46 per cent said their reluctance stemmed from the difficulty in verifying the seller’s reputation or trustworthiness—compared to a global average of just 21 per cent who harbored this reservation.

[Read more… Curated from Logistics Insight Asia]

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February 8, 2015

How Supply Chain Affects Corporate Reputation

Filed under: News,Newsletter,Supply Chain Management — admin @ 11:08 am

PodcastA company’s reputation rests on much more than the quality of the products that it makes.

Reputation can make or break a global business. And, in the age of social media, it has become a more critical element of corporate health than ever before. But maintaining a good reputation requires that companies continually monitor every aspect of their supply chains. On this episode, we hear from Viktoria Sadlovska, research director with the Reputation Institute. (Its work forms the basis of Forbes’ annual Most Reputable Companies ranking.) She distinguishes between the emotional and rational factors that make up a company’s reputation, and lays out seven dimensions that must be considered. She also offers advice on how businesses can craft the best possible image in the eyes of the fickle public. Hint: good supply-chain management is key.

[Read more… Curated from Supply Chain Brain]

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February 3, 2015

Bitcoin – A New Operating System for the Supply Chain?

Filed under: Finance,Logistics,News,Newsletter — admin @ 12:15 pm

On the back of the article on Cryptocurrencies from last week, there is further interest in this topic from a supply chain perspective.

For those that are interested, check out the following:

Happy reading!

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Healthcare, Fashion Drive E-commerce Business for Logistics Firms in India

Filed under: India,Logistics,News,Newsletter — admin @ 11:17 am

e-CommerceFrom a mere 15 per cent revenue source, the revenue share from e-commerce is expected to touch 40 per cent of the total earnings of logistics companies.

Transporters and logistics companies see bright business prospects in strong demand for healthcare and fashion goods on e-commerce platforms.

“Logistics companies in India are warming up to the opportunity that the e-commerce industry holds for them. Consequently, they are considering deployment of dedicated teams to cater to this industry segment. However, due to low pin code penetration, last mile connectivity remains a distant dream,” stated the report.

Nutritional foods, workout equipment and medical goods as well as fashion products are very popular on e-commerce sites even as the country’s online trade is booming, say trade sources.

[Read more… Curated from The Hindu Business Line]

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For Supply Chain, the Cloud Is Still on the Horizon

Filed under: News,Newsletter,Supply Chain Management — admin @ 11:17 am

network-spheres-1008232-mFor all its promise of lower cost and easier management of software applications, cloud technology has yet to be fully embraced by supply chain managers.

Cloud computing – the notion that information systems can reside and be managed at a location remote from the user – is at least 20 years old. Virtual private networks first came into being in the 1990s. Salesforce.com successfully brought the software-as-a-service (SaaS) model to customer relationship management in 1999. Big I.T. vendors such as IBM and Oracle Corp. have unveiled comprehensive cloud-based frameworks within this decade.

Over that time, the cloud has come to be embraced by multiple apps, both in the business and consumer sectors. (In the latter, Apple and others have been trying to push buyers of entertainment content into the cloud.) Acceptance in the supply-chain arena, however, has been slower in coming.

Speaking at Oracle’s Value Chain Summit in San Jose, Calif. last week, co-chief executive officer Mark Hurd laid out the benefits of the cloud for supply chain: simplicity of implementation and management, greater agility in adapting to changing markets, lower total cost of ownership. At the same time, he acknowledged some of the factors that have kept companies from making full use of the cloud: concerns about security, resistance from internal I.T. staff, and a sense of inertia when existing systems seem to be working satisfactorily.

[Read more… Curated from Supply Chain Brain]

This is a hot topic that will be discussed in the THINK track at LogisSYM 2015. Check out the agenda here.

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