LogFire, a provider of warehouse-management system (WMS) software in the cloud, has created new transload and deconsolidation functionality, designed to meet the warehouse-management needs of third-party logistics providers.
Rosslyn Analytics, a provider of business-intelligence software, has made available a new tool for conducting analyses of supplier risks. RA.Pid Supplier Risk Profile allows finance, procurement and supply-chain organizations to collaboratively evaluate, monitor and mitigate supplier-centric risks in real time in five business days, all from a single screen, the vendor claimed.
There has been a recent renewal of interest in collaboration among supply-chain partners, according to Ann Grackin, chief executive officer of ChainLink Research. Reasons include a greater reliance on outsourcing and the general trend of globalization of trade. Yet another element is the desire to draw on sophisticated technology, including video, teleconferencing and social networks, to link all players throughout the chain. With such factors in mind, says Grackin, "you need working relationships with trading partners to be successful."
The increased complexity of global supply chains has led to longer lead times, more pipeline inventory, and the need to control downstream an upstream logistics, according to Supply Chain Visibility Excellence: Mastering Complexity and Landed Costs, a report from Aberdeen Group.
Analyst Insight: There are many flavors of supplier networks. And switching costs, especially on the buyers' side, can be high - because these are solutions, not just networks. For these reasons, we will not see the consolidation of supplier networks to nearly the same extent that we see for other types of networks. - Bill McBeath, chief research officer, ChainLink Research
The "cloud" can be a difficult concept to grasp, given the various definitions it has been assigned by software vendors and users. Greg Johnsen, executive vice president of marketing and sales with GT Nexus, calls it "an information replica of the physical supply chain." Cloud-based technology provides one place where managers can go to monitor critical supply-chain events. When an element is updated, "everybody gets the information."
Descartes Systems Group has created a pair of cloud-based services to help air freight forwarders comply with U.S. and European security filing requirements.
The latest news, analysis, trends and solutions regarding global trade management software and systems and their impact on supply chain management. New developments in global trade management software - which streamlines logistics and business processes related to cross-border trade - are transforming the way companies operate and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using global trade management solutions for supply chain optimization.
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