Driving The Supply Chain

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Dupré Logistics Recognized as Top Three in the Nation – AGAIN! Wins Prestigious National 2014 ATA President’s Trophy

Oct 31, 2014 9:34:59 AM

(LAFAYETTE, LA) — Today, Dupré Logistics announces its recognition as one of the three American Trucking Associations (ATA) President’s Trophy Award Winners for 2014. The ATA President’s Trophy, the highest safety award given to motor carriers in the United States, is presented to only three motor carriers each year, one in each of three categories: Under 25 Million Miles, 25-100 Million Miles, and Over 100 Million Miles.

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Top 5 Supply Chain Facts of 2014

Oct 29, 2014 8:30:00 AM

SCM World has released its 4th annual Chief Supply Chain Officer Report. Highlighting new trends in demand volatility, complex customer expectations, and deeper operational integration in value chains, the report sheds light on a variety of shifting directions in the supply chain world.

The research features 1,068 executive's answers to 129 questions, offering insight into the perspectives and experiences of supply chain leaders across the globe. SCM World is a talent development partner for the world’s leading senior supply chain professionals, with members including General Mills, Samsung, Nike, Nestle, P&G, and Microsoft. The knowledge gained through this study highlights the ongoing transitions across various supply chain industries, while also creating a dialogue about the common challenges being faced by supply chain managers. The following points are a just a few of the report’s findings:

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Understanding Your Risk Exposure Index

Oct 22, 2014 8:30:00 AM

Supply chain managers have been mitigating risk for as long as they’ve been in operation, by predicting the likelihood a disruptance will occur in a firm's operations and planning accordingly. Typically, these disruptions have included forecast errors, poor supplier performance and transportation setbacks. Because most firms have accrued historical data on their expected risks, this sort of risk exposure management has usually worked well for smaller firms. But as companies expand to the global arena, a firm’s risk exposure compounds, calling for new and inventive ways to prioritize risk.

The Problem

How can supply chain managers mitigate unforeseen, low-probability, high-impact events like fires or devastating storms (like hurricane Katrina)? There is little, if any, historical data on the probability of unforeseen events, making risk management increasingly difficult for supply chain managers. There is surprisingly little correlation between how much a firm spends annually on risk mitigation at a particular site and the impact that site would have on the supply chain. Most risk mitigation has been focused on a supply chain’s ‘strategic suppliers’ where expenditure is high and services are necessary. By failing to focus on other, less visible facets of the supply chain, leaders expose themselves to hidden risks and unnecessary waste. Thanks to the new Risk Exposure Index, that can now change.

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Five Ways the Right 3PL Can Have a Positive Impact on Your Revenue

Oct 16, 2014 9:00:00 AM

3PLMore and more, businesses are turning to third-party logistic providers (3PLs) to outsource their supply chain. In 2013, for example, 86% of Domestic Fortune 500 companies used 3PLs for logistics and supply chain functions.

On the surface, the benefits for businesses using 3PLs are obvious: good 3PLs bring their expertise to the table, while the businesses save time and money. Outsourcing logistics leaves businesses free to focus on their core competencies.

Unfortunately, a poorly chosen 3PL can wreak havoc with your logistics and fulfillment processes, and ultimately lead to lost sales and customer attrition.

There are other benefits that are not so obvious. In this blog post, we’ll discuss the five ways that the right 3PL can positively affect your revenues.

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Successful 3PL Relationships

Oct 8, 2014 1:29:04 PM

“I think this is the beginning of a beautiful friendship.” That line, spoken by Humphrey Bogart to Claude Rains in Casablanca, sums up the hope of every business entering into a relationship with a third-party logistics provider (3PL).

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3 Problems a Third Party Logistics Provider Can’t Solve For Your Business

Oct 2, 2014 1:20:00 PM

Once you’ve decided to outsource your transportation and logistics to a third-party logistics provider (3PL), you’ll probably breathe a sigh of relief. Now that you’ve handed over the reins, the 3PL can start doing the heavy lifting.

The 3PL’s job is to take over supply chain management and leave you to running your own business. But any issues that existed within your business before you outsourced logistics to a 3PL will still be there once you outsource them – and they can actually get in the way of the 3PL doing its best work for your organization.

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The Emerging Roll of the Third Party Logistics Provider

Sep 25, 2014 9:38:00 PM

Competition in the global marketplace has resulted in greater demand for goods and services, but many companies still struggle with the logistics of providing customers with their product. Faced with the complexity of organizing and executing a supply chain, companies can become overwhelmed with the small details, which is why so many businesses are outsourcing transportation and logistics to third parties, or 3PL’s. 

According to the 2014 Third Party Logistics Study by Capgemini Consulting, the number of businesses outsourcing their logistic services has grown by 72% this year alone, and 90% of shippers report that their relationships with 3PL providers have been successful. However, successful relations between 3PL’s and their clients are becoming increasingly complex, as the scope of services demanded from 3PL’s is expanding. Traditionally, third party logistics providers (3PL’s) have aided companies by providing logistics services like transportation, inventory management, and warehouse storage, but today, 3PL’s are expanding into a greater role of strategic orchestration. These days, 3PL’s are orchestrating multiple supply chains rather than simply supplying logistics services. Think of 3PL’s as linking individual supply chain actors together by managing, coordinating, and focusing all aspects of the supply chain network.

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How to Find and Eliminate Hidden Costs in Your Supply Chain

Sep 16, 2014 11:00:00 AM

For your company, the devil is in the hidden costs. A comprehensive logistics cost analysis is critical to finding those expenses that are not in line with the rest of your supply chain and expectations. This exercise is a crucial first step to implementing a cost management strategy for your supply chain.

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Freight Capacity Threat

Sep 10, 2014 10:08:00 AM

trucksIn last month’s newsletter we discussed the heightened threat to capacity. Among slightly less impactful factors, such as increasing tolls and pushes in some quarters to classify independent contractors as employees, there will be some pretty big challenges to capacity this year.

“Capacity issues are on the horizon and I urge everyone to begin making contingency plans for the day when you cannot get a truck,” says Rosalyn Wilson, senior business analyst with Declan Inc. and author of the annual State of Logistics report. Bob Costello, chief economist of the American Trucking Associations agrees, stating that a “capacity crunch” is well on its way.

Mike Regan of Tranzact Technoligies attributes this crunch to a suffering economic climate: “shippers will experience firsthand the correlation between economic and freight activity.”

While there are a variety of factors at play, here are the four primary factors that stand to contribute to the impending capacity crunch:

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Setting a Transparent Relationship with Your 3PL

Sep 2, 2014 11:56:00 AM

partnership-imageWhen you enter into a relationship with a 3PL, you want your primary logistics partner to always have your best interest in mind. However, as in any partnership, one participant can sometimes falter and not live up to the other’s expectations. In your relationship with your 3PL, you want to move beyond a simple give and take of services; in the best case scenario, you want to create a collaborative, honest dialogue with them for the long-run.

So how do you go about creating this transparent working relationship with your 3PL? The following are a few strategies you can implement to help keep your partnership aligned and running smoothly:

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