supply chain management

The supply chain continues to deal with ongoing disruptions, which have become increasingly numerous, larger in scale and more simultaneous. While technology plays a critical role in keeping products moving, 3PLs and shippers can’t overlook the value of getting back to basics and focusing on core supply chain principles that have proven successful time and time again.

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Penske Logistics is requesting insights from supply chain professionals to participate in the 2023 Third-Party Logistics Study. The survey is now live and will close on June 29. Please click here to begin.

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Supply chain management involves overseeing the planning, integration and management of all production activities from a supplier to the customer within a supply chain. It also involves strategy development, optimization, sourcing products, meeting demands and more.

What Is a Supply Chain?

A supply chain encompasses all operations utilized to get a product from production to distribution, from raw materials to finished product and delivery to the end-user. Effective supply chains can create a competitive advantage and, as they become more complex, they must become more efficient, reliable and flexible. Visibility and efficient network designs are two ways to optimize a supply chain.

A circular supply chain is a supply chain framework where products are designed to be reused or recycled, creating a continuous loop, or circle. Circular supply chains are still the exception rather than the rule as there are challenges involving how to introduce circularity into conventional supply chains that are designed to move product forward into markets in a linear fashion. Creative logistics solutions are one way to overcome these challenges. As an example, some companies are exploring the use of e-commerce returns services as convenient channels for collecting end-of-life products.

What Is Capacity?

In logistics, capacity is the amount of physical space, assets or personnel available to carry, store or deliver goods. Examples include warehouse capacity, shipping capacity or truck capacity. Capacity is considered a highly critical part of supply chain management and can impact shipping costs when capacity is tightened.

The past year was filled with disruption, but the lessons learned throughout 2020 will continue to drive supply chain optimization and investments as companies work to mitigate risk and avoid delays.

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Penske Logistics is taking part in a Council of Supply Chain Management Professionals (CSCMP) webinar, 2021: The Road Ahead, on January 27. Andy Moses, senior vice president of sales and solutions, will join a panel of experts that examines challenges facing 2021 supply chains and discuss current industry trends.

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Penske Logistics was named Fiat Chrysler Automobiles (FCA) Supplier of the Year in the Logistics Services Suppliers category during the virtual 2020 North America Annual Supplier Conference and Awards program held on October 23.

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Penske Logistics is supporting CSCMP EDGE 2020 Live! as a Global Sponsor. The Council of Supply Chain Management Professionals' annual conference is going virtual this year from September 20-23, with Penske Logistics president Marc Althen and senior vice president of sales and solutions Andy Moses participating as speakers.

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Penske Logistics today announced they have won a pair of Quest for Quality Awards from Logistics Management Magazine. Both honors came in the Third-Party Logistics category: Transportation Management Solutions and the Value Added Warehousing and Distributions Solutions. In the latter honor, Penske recorded the highest score in customer service/value added services.

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In the logistics industry, a request for proposal (RFP) is designed to help shippers find the best 3PL providers to meet their needs. The goal of an RFP is to ensure a prosperous partnership and good working relationship for both parties, and finding the right fit starts with a comprehensive and detailed RFP process.

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End-to-End Supply Chain Management Solutions

Penske's supply chain professionals are committed to meeting the most complex requirements of our customers. Whatever your business, whatever you're building, packing and sending – we make sure you’ve got top-notch transportation and distribution in place to capitalize on your potential so you Never Stop Moving™.

We bring industry knowledge, advanced systems and technical prowess to design and implement the most advanced supply chain solutions in use today.

Supply Chain Solutions Customized for You

Penske will insert the right logistics expertise you need to thrive. Our leadership teams work with customers to ensure responsiveness and flexibility – whatever level of support your priorities require, we have the tactical and strategic skill sets to deliver both site specific and corporate level solutions. Whether entering an emerging market or maximizing existing assets, our supply chain planning solutions help meet your business goals.