GOODQUESTION Readers Weigh In
What Supply Chain Practice or Belief Would You Declare Dead ?
OPERATING IN SILOS. Supply chain practices that embrace collaboration across departments, suppliers, and partners tend to be more agile, responsive, and capable of adapting to disruptions. –Lorena Camargo CEO, PearlTrans Logistics RELYING ON CHINA AS THE FACTORY OF THE WORLD. Factors killing this practice: The rise of India and Mexico, the decline of the United States as a hegemon and the rise of China, the trade war between the United States and China, China’s Belt and Road Initiative, COVID, nearshoring, reshoring, the rise of Vietnam and BRICS, China’s desire to replace the U.S. dollar as the world’s currency, China’s regional and global hegemony, and President Biden’s taris on May 14, 2024. –Omar Kazzaz Founder and CEO, Kazzaz Advisory Group THE NOTION THAT SUPPLY CHAIN Relying on only tracking leads to excessive logistics expenses, suboptimal inventory management, and higher customer turnover. We need to redefine visibility as the practice of building high-velocity supply chains— shifting from a single, static view to visibility into inventory in motion regardless of transportation mode. VISIBILITY IS SIMPLY ABOUT TRACKING.
JIT, Rest In Peace Manufacturers relied on just-in-time (JIT) for years. The pandemic revealed weaknesses. Now, agile supply chain management using inventory buers for critical items and diverse sourcing methods enables companies to quickly adapt and respond to market changes and disruptions.
–Stephen Dombroski Director, Consumer Markets, QAD
Alternatives like just-in-case , hybrid models, and advanced technologies such as AI, IoT, and machine learning can oer more resilient solutions. –Johann Grassi Global Leader-Consumer Industries, Syntax JIT’s reliance on precise timing makes supply chains vulnerable to disruption, and without buer stock, companies risk production halts. A balance between JIT and maintaining strategic inventory reserves is needed. –Richard Lomazzo Senior Director, Operations, DP World Super-strict JIT inventory is dead. We need more flexibility now, with some extra stock on hand to handle unexpected bumps in the road. –Roslyn Ellerbee Founder & CEO, Express Errands & Courier
UTILIZING ONLY LOAD BOARDS ON EVERYDAY SHIPMENTS. If you are not building a strong carrier base based on previous carriers and how they perform, it could cause more issues down the line. Load boards also have a lot more downtime then you want to believe, a.k.a. low reliability. –Debra Smith Freight Broker, Dee Dee Logistics SUPPLIERS JUST SUPPLYING. With today’s product complexity and regulatory requirements, suppliers must become stronger partners. They
need to understand more than what they are delivering, and why. They are now responsible for supplying the critical data integrated directly into an OEM’s digital threads. –Bruce Bookbinder Product Marketing Manager, Aras MY $60 1988 RAND McNALLY LAMINATED TRUCKER ATLAS that I begrudgingly sold at a garage sale recently because technology has absolutely replaced it. –Mark McEntire CEO, Princeton TMX
–Lindsey Bonfiglio VP of Product, project44
14 Inbound Logistics • July 2024
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