The studies of science, technology, engineering and math (STEM) have shaped the logistics industry into what it is today. Logistics, the discipline that manages the shipping and distribution of goods to consumers, has made momentous strides in recent years with help from new technology. For students, logistics is an interesting and challenging field to pursue.
In modern manufacturing and transportation, savings are everything. Most industry experts rate the cost of logistics as very costly. Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Identifying ways to improve the system can be complicated.
The truck driver shortage represents one of the greatest threats to the shipping and logistics estimations for the number of truck drivers missing range from 48,000 to 1 million, but the actual shortage has been centered around 30,000 drivers annually for the past few years.
While logistics and manufacturing have grown exponentially, problems have become more complicated. A single malfunction can disrupt entire analytics’ systems, disrupting processes along the way. At the same time, machines-to-machine connectivity through the Internet of Things (IoT platform) is increasing the value of data companies have to analyze.
You probably know that imported products are cheaper. But are they really cheaper than products that are made in America? Paychecks Matter Buying American-made products creates jobs all over the country – better jobs. As of 2016, American manufacturing adds $6 Trillion to our economy, accounting for 12 million jobs.
While the State of Logistics 2014 report is slowly giving way to what will be the State of Logistics 2015 report, we couldn’t help start thinking about what will happen. However, we know postulating ideas for the future is impractical if we cannot learn from our past experiences. The economy had been hit hard, and 2014 saw a great climb from the recession.
Trucking regulations and Safety measures have become primary concerns for the modern shipping and logistics industry. 2016 will see a resurgence of oversight and regulatory measures through many different rules and requirements. From the Federal Motor Carrier Safety Administration (FMCSA) to the Environmental Protection Agency, shippers need to know how these rules will impact their operations.
Editor’s Note: This is a guest blog from Freightos, is a SaaS-enabled marketplace for the logistics industry. The Freightos System is SaaS for freight contract management, automatic price quotations, and business intelligence.
The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten.
Managing a manufacturing plant or a facility maintenance enterprise can get very challenging, complicated and time-consuming for those who are maintaining paper logs for inventory and recording repairs and replacements manually. In this post, we will talk about the main benefits of CMMS or Computerized maintenance management system.