Connect with us

Logistics & Supply Chain

LLamasoft announces offerings to accelerate recovery from COVID-19 supply chain disruption

Published

on

LLamasoft announces offerings to accelerate recovery from COVID-19 supply chain disruption. Image: Pixabay
Listen to the story (FreightComms AudioPost)

LLamasoft, the leading provider of AI-powered supply chain analytics software to 750 of the world’s leading brands, is announcing a comprehensive solution offering available through their LLamasoft COVID-19 Response Center to help customers who are affected by production, shipping, and distribution delays as well as demand variability due to Coronavirus (COVID-19). The offer leverages their strategic partnership with JD Logistics, their 200+ data scientist and global services team and their cloud-based analytics platform.

The LLamasoft COVID-19 Response Center is a collection of llama.ai applications and services built for the express purpose of helping enterprises restore their operations, adapt to fast-changing circumstances, and once restored, to evolve their supply chain for long-term resilience against future disruptions.

There are three concentrations of resources available through the LLamasoft COVID-19 Response Center.

  1. Restore – This offering is designed to help organizations rapidly perform detailed analysis necessary to identify options and trade-off decisions given both the current and evolving state of their extended supply chain.
  • JD Logistics Dedicated Shipping Service: JD Logistics will provide expedited shipments for LLamasoft customers from Wuhan, China, or other impacted locations in China, to arrive at the customer’s intended location(s) globally. JD Logistics, the logistics arm of JD.com, provides extensive on-the-ground expertise and existing infrastructure to make these expedited shipments happen in the quickest timeframe possible.
  • COVID-19 Newsfeed Application: This is a free application that delivers consolidated COVID-19 global virus status and consolidated news feeds, customized to the user’s preferences, from multiple global news sources in one easy to use source.
  • COVID-19 Impact Analysis Solution: Pairs expert supply chain consultants with a company’s current operating data in a predefined app to help rapidly analyze the impact on current supply chain execution, diagnose exposure and impacts to production, distribution and inventory availability to enable evaluation of options and trade-offs to balance supply and demand and to rapidly restore operations.
  • LLamasoft’s Augmented Analytics: Provides highly skilled data engineers and analytics consultants to augment existing resources to help companies respond more rapidly to the onslaught of questions needed to quickly restore services levels.
  1. Adapt – Once supply chain operations are restored, LLamasoft is providing a solution offering to enable companies to identify vulnerabilities and re-design their supply chain to balance risk, service and investment under future volatile market conditions.
  • Evaluates the current vulnerabilities and thresholds
  • Determine risk appetite/tolerance in the organization
  • Develop analytics-based playbooks
  1. Evolve – The third area of concentration uses the full breadth of LLamasoft software, enabling companies to create a long-term risk management plan and an anti-fragile supply chain, further positioning the enterprise for continued resilience against future disruptions.
  • Dynamic Sourcing
  • Dynamic Network Design
  • Marketing Sensing Capabilities
  • Digital Twin for on-going analytics

“The effects of coronavirus on global supply chains in every industry is extraordinary and LLamasoft is actively working to help our customers get their supply chains operating at full capacity sooner,” said Razat Gaurav, CEO of LLamasoft. “Combining our supply chain expertise with data science, modelers and engineers, we are working to assist our customers to ensure appropriate changes are made with the volatility in demand and supply, and trade-off decisions to respond and adapt to changing conditions are rapidly available to decision makers. I urge our customers to take advantage of these resources today.  We are here to help.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Logistics & Supply Chain

Warehouse management: Can you afford downtime?

Published

on

By

Warehouse management: Can you afford downtime? Image: Unsplash
Listen to the story (FreightComms AudioPost)

We aren’t talking about personal downtime here. We are talking about those times where you have hundreds of thousands of dollars worth of products stored. If these products melted, grew mold, or were otherwise damaged – that responsibility falls to you to cover. Your warehouse plays a pivotal and essential role in the supply chain, and if you aren’t ensuring you have taken every precaution possible, you might just find yourself losing out in the long run.

Of course, the first thing that you have is insurance. This will keep you covered for most eventualities. But the real dark horse when it comes to your back-up plan will be your CI Group generator. 

Planning and Preparation

No one wants to think about the disaster moment of the power going out. But there is a relief in knowing you have an industrial generator that can help you handle the situation with ease. The chances of a total power failure from natural disasters or a human-made issue aren’t as small as you might thing. The proactive step to take is to have a back-up generator and knowing how to use it long in advance of anything happening.

Power Outages

It has been reported that blackouts and power outages have been increasing since 2003. In simple terms, this means you are more likely to experience a power outage than ever before. 

Snow, ice, storm hurricanes have caused most of these outages, and other severe weather issues are some of the critical causes of power outages and general power issues. These disturbances will knock the power out to your warehouse. What comes next? The waiting game. How long before you will be back up and running? How long before you are at risk of stock issues?

Basic Generator Tips

You will have to make sure that you choose a generator that is large enough to keep your critical systems running. It is a good idea to work with a provider and let them know what you need so that you can be sure you have a generator that will suit your needs. 

Fuel is going to be a crucial part of the whole operation, and if you hadn’t already thought about now is undoubtedly the time. And in the case of a flood, have you ensured that your generator is built to keep running or at least protected.

Before you call any companies, find out all of your energy usage numbers and the equipment that would be the minimum that you need to have running. This will give them a clear understanding of your power needs. 

The very bottom line is that all businesses are going to be heavily reliant on gas and electricity to keep themselves up and running. These things are even more essential if you have extensive storage facilities that supply pharmaceuticals, hospitals, and food businesses.

And it is impossible to say that your business won’t suffer from a blackout or a power outage, so getting a generator is part of a plan that can keep your business running even in the face of disaster. 

Continue Reading

Logistics & Supply Chain

Cost-effective logistics strategies for businesses generating more online sales

Published

on

By

Cost-effective logistics strategies for businesses generating more online sales. Image: Pixabay
Listen to the story (FreightComms AudioPost)

The Covid-19 crisis has triggered an increase in online sales. With more and more businesses all over the world offering a home delivery service, it pays to focus on cost-effective logistics strategies. While boosting orders and adapting to a new way of selling is beneficial for businesses aiming to pull through the crisis, it’s critical to ensure added shipping costs are accounted for. Here are some steps to balance the books. 

Plan in advance

The vast majority of businesses were caught off-guard by the outbreak of Covid-19 at the beginning of 2020. Now that we have a better understanding of what it means for global trade and consumer buying habits, companies can adjust and adapt and start to make plans in advance. One of the most important considerations when offering online shopping is crunching the numbers related to logistics. Will you be paying for warehousing and distribution? How many packages are you expecting to send or ship per day? Are you dealing with customers locally, nationally or internationally? Where possible, it pays to plan ahead. If you’re expecting a surge in orders, make sure you have the arrangements in place to deal with an influx and ensure you’re operating cost-effectively. Explore different options, get quotes and make sure you’re ready to offer new services. You don’t want to lose customers the first time they place an order because you can’t deliver on promises. 

Exploring funding streams and efficiency savings

There is no doubt that the Coronavirus crisis has wreaked havoc on organizations and companies across almost every sector. With the future uncertain, it’s beneficial for business owners to explore funding streams, to keep a close eye on the books and to look into efficiency savings. Altering staffing structures, adapting to embrace and capitalize on new buying trends and automating processes can save time and money. When it comes to funding plans for growing your business and catering to an online market, businesses can consider personal investment through options like buying and selling stocks, trading share CFDs or selling real estate, external investment or borrowing. Weigh up the options open to you, compare the pros and cons and make sure you understand the risks or implications of borrowing, putting your money into an investment opportunity or giving away part of the business in return for a cash boost.

Saving on shipping

Many businesses that usually rely on in-store sales are exploring new opportunities. If you start accepting online orders, it’s hugely beneficial to look for ways to save on shipping. Consider different options, for example, free standard delivery or express services for a fee, and figure out how the costs add up and what works best for your business. Try to ensure that orders are packaged together to prevent delivering a series of separate items. You can outline order deadlines or time limits to ensure that customers have an accurate idea of when their goods will arrive, for example, offering next-day delivery on orders placed before 3 pm. It’s also essential to build strong relationships with the agents or companies you use to ship your products and to make sure you’re getting the best deal. Your performance and reputation could be affected by the delivery process. 

Online sales have soared in recent months, and many consumers are happier to place orders online than leaving the house. If you’re on a mission to balance the books, it’s crucial to employ cost-effective logistics strategies.  

Continue Reading

Logistics & Supply Chain

4 ways to save money on shipping costs

Shipping is what makes the world go around

Published

on

By

4 ways to save money on shipping costs. Image: Unsplash
Listen to the story (FreightComms AudioPost)

For many people, shipping is what makes the world go around. It has never been easier to get a product within a few days thanks to the likes of Express Shipping and the range of freights that soar and sail throughout the day. It’s fantastic for the customers, but on the other end, companies need to make sure that their shipping is both consistent and affordable, which is why you need to understand four ways to save money on shipping costs.

Know the Perfect Time to Ship Goods 

While you might want to fulfill orders as soon as they come through, there’s a risk that this policy could affect your budget. If you are paying high fees for express delivery, it’s important that you reevaluate this policy and see whether it will positively impact your business. 

You need to pass this information onto your staff, so they understand when to ship, also. In some cases, you may not have a choice to ship via air, even if it is more expensive. However, you may be able to get away with sea or even land shipping in some cases, which will ensure you can save some money throughout the year. 

Establish Charge-Back Policies

Most businesses will happily pay for shipment. However, sometimes this doesn’t work as it is not convenient for your company. Rather than surprise customers with an additional delivery fee on top of the product price, you must establish when you will pay, and when the burden of payment falls onto them. 

For standard, three-day deliveries, you can take on the cost yourself. However, if the customer requires the product as soon as possible, you are justified in charging them for the privilege. Again, it’s important to inform your staff of these policies to prevent any upsets once the product arrives. 

Consolidate Orders 

Sending out several orders within a few hours of one another means you’re paying the base cost for each item. This may seem insignificant at first, but the cost will soon add up if you do it every day. 

Instead, try to consolidate your orders as much as possible, even if it means some products will not arrive as quickly as you are used to. If this is a problem, you can adjust delivery estimates, but make sure your customers know about it beforehand. Consolidating orders also reduces the carbon footprint, which can boost your reputation as an environmentally conscious company. 

Track Performance 

You should not consider the product to be out of your hands as soon as it leaves the depot. Tracking the performance of your dropship suppliers will enable you to identify potential issues that could affect the overall cost or cause delays. 

By recognizing where these delays occur, you will be able to take the correct measures to streamline the process, which will help save plenty on your shipping costs. 

Shipping Success 

The success for many businesses hinges on the dependability and quality of the shipment. If you want your business to hit new heights and maintain the reputation you have worked so hard for, quality shipping combined with affordable costs is a must.

Continue Reading

Popular

Copyright © 2017-18 | FreightComms | Made with ♥ in Singapore