reliability makes supply chain management work
TRANSCRIPT
Reliability Makes Supply Chain Management Work
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Ocean shipping has become more reliable as containerization, intermodal, double-stacking, and larger-and-larger ships have reduced the cost of moving goods from point A to point B.
However,
Simultaneously, as the information age makes data available virtually instantaneously, lean manufacturing can include the negotiation of purchase contracts, conduct freight rate auctions, and schedule in-bound and outbound shipments based on “big data.”
All this only works because the 3pl's and 4pl's can trust the carriers to move boxes on a reliable schedule and at a cost that keeps the goods arriving and inexpensively.
That reliability enables the manufacturer and the buyer to match production and consumption, which minimizes inventory and financial costs.
Yet as more and more companies switch to scm- just-in-time production, inventory control, and delivery, the carriers are becoming less able to deliver on-time.
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Rates Reliability
Simultaneously, as the information age makes data available virtually instantaneously, lean manufacturing can include the negotiation of purchase contracts, conduct freight rate auctions, and schedule in-bound and outbound shipments based on “big data.”
A delay or a cancelled sailing is critical to a company needing a certain part or raw material in order to get their own products to market.
The carriers no longer have the financial strength to wait for freight rates to strengthen, and are taking matters into their own hands:, cancelled (or 'blanked') sailings has become the carriers response to falling rates.
The effect on supply chains is clear: that carrier Is far less reliable.
Supply Chain ManagementAnd Reliability
Today’s companies have specific needs, and they expect an scm plan that will be tailored to their situation so they can most efficiently plan and Run their business
Today’s business climate can be accurately described as the “battle of the supply chains,” where what really matters in today’s customer driven economy is “did the customer get what they want, when they wanted it, and how they wanted it.”
Battle Of The Supply Chain
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