Retailers are moving away from liquidating outdated inventory for a set price of pennies on the dollar, says Jeremy Witte, COO of Genco Marketplace. Instead they are looking to partners to maximize liquidation returns through a network of secondary merchants.
Managing the multiple relationships in today's supply chains requires a new level of cross-functional business processes, says Doug Lambert, director of the Global Supply Chain Forum at Ohio State. He identifies eight critical processes and explains methods for implementing them.
Transplace, a non-asset-based third-party logistics provider, has acquired Logistics Management Solutions, a 3PL with an emphasis on the chemical and industrial manufacturing sector.
The biggest barrier to innovation in global supply chains is the inability of companies to identify and then quickly react to opportunities, says Corey Rhodes, vice president-Americas at Amber Road. He discusses the reasons behind these shortcomings and steps to remedy them.
Presidents Tommy Barnes and Joel Clum of Con-way Multimodal and Carrier Direct, corporate partners with the University of Tennessee and Georgia Southern in this year's Study of Trends and Issues in Transportation and Logistics, discuss new transportation tenets distilled from survey responses.
Transportation professionals may talk to their peers in marketing and finance, but often there is little real understanding of how decisions impact customer service and, ultimately, the bottom line. Steven Raetz and Kevin McCarthy, executives at C.H. Robinson, discuss a paper they co-authored on bridging this communications gap.
Retailers, particularly big box stores, are demanding more customized packaging of products, which increases demand for contract packaging services, says Dave Mabon, president of contract packaging at Genco. With margins that average 30 to 40 percent, this presents a huge opportunity for service providers.
Providing parts and sub-assemblies to automotive production lines is a highly complex activity, requiring rapid, automated sequencing and sophisticated error proofing. Bo Cheng, director of the automotive business at Comprehensive Logistics, explains how his company is keeping pace as automotive volumes return to pre-recession levels.