SOMI - Supplier Owned & Managed Inventory Model Superior Freight Services, Inc. offers the SOMI model. What is SOMI? SOMI is a supply chain management strategy intended to drive cost savings and lower inventory levels forming a leaner supply chain. It facilitates a pull-based approach that helps prevent excess inventory from being pushed into the supply chain. Here … [Read more...]
West Coast Port 2014 Contract Talks to Begin May 12th
West Coast Port 2014 Contract Talks to Begin May 12th The president of the PMA (Pacific Maritime Association) said that the U.S. West Coast employers’ organization will begin contract negotiations with the International Longshore and Warehouse Union on May 12th. Retailers and the Agriculture Transportation Coalition wanted negotiations to start as soon as possible so that … [Read more...]
2014 Pending West Coast Dock Strike
2014 Pending West Coast Dock Strike The current 6 year contract between the ILWU (Union) and PMA (Employers) expires 5:00pm PT on July 1st 2014. At the beginning of March, there was expressed cautious optimism about the West Coast contract negotiations by the chief negotiator Jim McKenna. From JOC article: McKenna said past experience demonstrates that if negotiations … [Read more...]
3PL: Benefits to Outsource Warehousing
3PL: Benefits to Outsource Warehousing Outsourcing your warehouse needs is a great way to free up more resources to focus on your core competencies. Third Party Logistics companies (3PL) are experts in warehousing and distribution. Those companies that develop a strong relationship with dependable regional 3PL's simplify their supply chain management, reduce … [Read more...]