Supply Chain Management

Revenue in a supply chain: Financial Risk from the third party

by  • 
Revenue_third-party

Carrying out thorough third party audit not only provides the necessary regulations, but it also helps mitigate against reputational financial risk and data related damage. It is required to be careful about various governmental embargo situation: Third party suppliers, logistic service providers should prevent themselves from buying from or selling to anyone on the relevant restricted company lists maintained by various governments, such as Australia, Canada, the UK and the US. On the other hand, this is a strategy which results in higher supply chain profit than a price of the whole duration of sales season. To increase the profit margin Supply Chain Managers must use all the levers available, including price. Third type of approach he can adopt is at high demand season, he can take lower price, and low demand season, he can take a higher price.

Read more →

Supply Chain Management

JCPenney’s Supply Chain: A case study

by  • 
JCP

Strengthening and revitalizing the highest traffic area in the store to become a leading destination for women’s shoes, handbags, fashion jewelry, intimate apparel and accessories, which are anchored by two very strong businesses: Sephora inside JCPenney and the Fine Jewelry store. This week, one of the oldest and largest stores to crack under the pressure of the pandemic, JCPenney, announced that it will be closing a total of 165 stores by Mar. J.C. Penney partners with organizations such as the Sustainable Apparel Coalition (SAC), apparel, footwear, and textile industry alliance to decrease the environmental and social impacts of production. These include actively participating in the Environmental Protection Agency (EPA) SmartWay program, which helps companies advance supply chain sustainability by measuring, benchmarking, and refining freight transportation efficiency.

Read more →

Supply Chain Management

Driver shortage can create logistical and supply chain issues: Land transportation in North America.

by  • 
Driver-shortage-issue_F

Brown notes that trucking companies can’t realistically expect to get “lifer” employees anymore – the guys and gals who stick with a company for their entire career. Logistic activities undertaken in-house by the users of the services and the operations of external service providers. How and why the driver shortage issue developed and possible solutions one of the reason of the shortage, according to ATA is explosion of shopping due to retail giant Amazon and Walmart. Although ATA wanted some attention from government arguing systematically about driver shortage issue. Some trucking companies are working harder to make the profession suitable to women by addressing some of the issues like safety, comfort and the ability to juggle driving career with family life. The BLS says that if wage adjustment and other regular formalities allow fix driver shortage, why there should be an issue of driver shortage since 1980. All firms and relationships that get a product to market, including the original acquisition of raw materials; production of the item at a manufacturing facility; distribution to a retailer; sale of the finished item to the customer, and any installation, repair, or service activities that follow the sale.
Keywords: Driver shortage, supply chain,North America, USA, Canada etc.

Read more →

Supply Chain Management

VF Corporation: A case study from supply chain management perspectives

by  • 
VF-Corporation_Office

In 1999, the company was acquired by VF Corporation, and was renamed as The Force in 2005, but reverted to the original brand name in 2010. In 2021, the Horace Small brand was sold to Redwood Capital Investments, LLC; and later became part of Workwear Outfitters. VF Corporation (VFC), an international footwear and apparel company founded in 1899 and headquartered in Denver, Colorado owns 19 brands including Altra, Bulwark, Dickies, Eagle Creek, Eastpak, Horace Small, Jansport, Kipling, Kodiak, Napapijri, Red Kap, Smartwool, Terra, The North Face, Timberland, VF Solutions, Vans, Walls, and Icebreaker.

Read more →

Supply Chain Management

How to track a shipping cargo: Achieve the supply chain security

by  • 
Geolocation

 Supply Chain Security Monitoring Services provides a full spectrum of end-to-end services for cargo security monitoring and tracking to all stakeholders, throughout the supply chain from point of origination to point of destination. The monitoring solution strategy includes but is not limited to optimizing container logistics processes, improvement of supply chain efficiency and reducing costs, achievement of more efficient and individual container traceability, deterioration theft, diversion, and counterfeiting, receiving notifications when an exception occurs in any given process, etc. In addition to cargo and driver security, dual-mode devices provide several additional features and benefits to shippers and transporters to improve operational efficiency throughout the supply chain.

Read more →

Supply Chain Management

International Procurement: Highlights on some essential FOB incoterms

by  • 
Bangladesh-Bank-data

Abstract: Incoterms are last amended by ICC on January 01, 2013.Some essential incoterms are highlighted below: The incoterms EXW can be defined as an agreement between a buyer and a seller that after production completed and left warehouse of the seller, seller is not responsible for cost and liability for the product. Incoterms FOB and EXW can be used interchangeably while consider terms and agreement between buyer and seller.Seller is not responsible for loading the goods unless specified otherwise and buyer is responsible for doing insurance for EXW shipments under the buyer’s Ocean Cargo Policy.Free Carrier While using the incoterm FCA , the Seller agrees to give delivery of the goods into the custody f the forwarder, freight forwarder etc.Free on Board(Named port of shipment) The incoterm FOB is from thepoint of delivery of goods and transfer of risk, it starts with the goods pass the ship’s rail at the named port of shipment. Except CIP and CIF , incoterms do not have any obligation on the Seller and Buyer to provide insurance. Keywords: Freight collect, Incoterms,EXW, FCA, FOB Article: Introduction: Incoterms are nothing but some International Commercial terms published by the International Chamber of Commerce to clearly communicate the associated risks, costs, tasks, etc. evolved with international procurement and logistics.…

Read more →

Supply Chain Management

Role of Network Design in the supply chain: A brief description

by  • 
Supply-chain-network-design

Though there is inherent uncertainty about the future, a supply chain network risk analysis can be conducted; by using information available, the future business environment can be characterized. Network design decisions have a significant impact on performance of the supply chain. Though designing a supply-chain network can cut costs within a company, it is important to note the supply chain is not static but rather a continually improving model and adapt in response. The allocation of supply sources and markets to facilities has a significant impact on performance because it affects total production, inventory and transportation costs incurred by the supply chain to gratify customer demand. Good network design decisions increase supply chain profits, whereas poor network design hurts profit.

Read more →