Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article comes from Carlos Díaz Madero, Subdirector Marketing at netLogistiK, and looks at the key…
Next Thursday is Thanksgiving, which as I pointed out last year, is a time for FFFTT – family, friends, football, thankfulness, and turkey. Thanksgiving is also a time for logistics headaches. The holiday is centered around the big family meal,…
There is terrific payback from supply chain design solutions. At GM, the supply chain design team is an in-house consulting group. Annually, the projects they take on save between 5 to 10 percent of the in scope spend. They have done many projects in the logistics area, some on an ongoing basis. Logistics costs as a percentage of revenue decreased every year from 2013 to 2018. That is a remarkable feat in today’s freight environment. Considering the size of GM’s transportation spend, $6.5 billion, and the length of time they have been at this, it would not surprise me at all if this small team has saved GM over a billion dollars.
An oil depot is an especially hazardous form of warehouse. The standards and processes involved to ensure safety in these facilities may be too onerous for many industries. Nevertheless, understanding the most rigorous safety processes, and being able to appropriately adopt them to less hazardous facilities, is a worthwhile exercise. This article examines facility safety and lessons learned from the Buncefield Oil Storage Depot fires.
When it comes to enterprise software, a truism is that the software contains “best practices.” Companies should change their processes to fit the best practices contained within the software. This will lead not just to better efficiency but makes the…
The oil and gas supply chain is complex. One set of complexities involves tank farms. The often-massive storage tanks and extensive auxiliary equipment and instrumentation represent expensive assets. Achieving operational flexibility involves coordinating a large set of technologies and business functions. This article describes oil tank storage and movement best practices.
