A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
Supply chain resilience
What is supply chain resilience?
Supply chain resilience refers to the ability of a supply chain to withstand and recover from disruptions while maintaining continuous operations and delivering products or services to customers without significant impact. It involves the capacity to anticipate, adapt, and respond effectively to various challenges, including natural disasters, geopolitical events, market fluctuations, and supplier disruptions.
How to build a resilient supply chain
To build a resilient supply chain, organizations can take several proactive measures, including:
Diversify suppliers: Establish relationships with multiple suppliers to reduce dependency on a single source and mitigate the risk of disruptions.
Enhance visibility: Implement technologies and systems that provide real-time supply chain visibility, enabling quick detection and response to disruptions.
Risk assessment: Conduct comprehensive risk assessments to identify vulnerabilities and develop mitigation strategies for potential threats.
Collaboration: Foster collaboration and communication among supply chain partners to facilitate information sharing and coordinated response during disruptions.
How to measure supply chain resilience
Supply chain resilience can be measured using key performance indicators (KPIs) such as:
Time to recovery: Measure the time taken to recover operations after a disruption.
Inventory turns: Evaluate the efficiency of inventory management in adapting to changes and disruptions.
Customer satisfaction: Assess customer satisfaction levels during and after disruptions to gauge the impact on service levels.
Supply chain resilience examples
The increasingly disrupted nature of global supply chains provide a multitude of examples of supply chain resilience in practice.
Toyota, for example, recovered quickly from the 2011 earthquake and tsunami in Japan by leveraging diversified suppliers and flexible production processes.
During the COVID-19 pandemic, Coca-Cola adapted its supply chain by prioritizing essential products, collaborating with partners to ensure continuity, and leveraging data analytics to optimize operations, demonstrating resilience in the face of unprecedented challenges.
Why supply chain resilience is so important
The COVID-19 pandemic and Red Sea crisis underpin the importance of having an agile and resilient supply chain. Developing and measuring supply chain resilience is crucial for organizations to adapt and thrive in today's volatile and uncertain business environment. By investing in resilience strategies and capabilities, businesses can minimize the impact of disruptions and maintain a competitive edge.