Mon.Jul 29, 2024

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Gen Z Getting Into Supply Chain Management

Talking Logistics

Are your kids interested in learning about supply chain management? Are any of them pursuing (or have gotten) a degree in the field? In my case, my kids have certainly become more aware about supply chain management since the pandemic, but none of them (so far) have pursued a degree in it. My two oldest. Read more The post Gen Z Getting Into Supply Chain Management appeared first on Talking Logistics with Adrian Gonzalez.

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What Does a Tier 1 Warehouse Management System Include?

Logistics Viewpoints

A Tier 1 WMS Should be Capable of Complex Optimization ARC Advisory Group does global market research on the warehouse management system market. We write about trends in this study. I am the author of this year’s study. One trend I believe is imminent is that the market appears to be poised to bifurcate in terms of functionality. There will increasingly be Tier 1 solutions with complex optimization.

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Speedy Refunds: Creating Happy Customers With Fast and Effective Returns

BlueYonder

Returns are one of retailers’ biggest problems in today’s e-commerce landscape – with 63% of merchants saying it’s a significant problem for their business. Without effective returns strategies, retailers are experiencing increased costs thanks to processing, sorting and restocking returns – all while damaging the customer’s experience of the brand and increasing their churn rate.

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Loss of Coastal Freighter a 'Major Blow' to New Zealand Supply Chain

Supply Chain Brain

Pacific Shipping plans to withdraw from service two container vessels — the MV Moana Chief and MV Takutai Chief — which move goods among several ports in New Zealand.

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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UPS Recent Financial Performance Not a Surprise

Supply Chain Matters

Last week global parcel and logistics services provider United Parcel Service (UPS) reported weaker revenues and profitability levels for the second quarter , below equity analyst consensus expectations. Consolidated operating profit declined 30.1 percent on a year over year basis. The immediate news of this performance caused a 12 percent decline in the company’s shares in early trading.

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Indications of Peak Reached in Global Container Shipping

Supply Chain Matters

Current published reports and available industry data reinforce indications that the peak both in volume and in ocean container shipping rates may have been reached. Once more, current longer term industry trends imply a period of excess global container vessel ship capacity by 2026. Imports Peaked Earlier The Wall Street Journal reported ( Paid subscription ) on Tuesday of last week that U.S. retailers have been pulling forward their 2024 holiday fulfillment inventory needs as a hedge toward

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Mastering Automatic Forecasting for Time Series Data

The Smart Software

In this blog, we will explore the automatic forecasting for time series demand projections. There are multiple methods to predict future demand for an item, and this becomes complex when dealing with thousands of items, each requiring a different forecasting technique due to their unique demand patterns. The post Mastering Automatic Forecasting for Time Series Data appeared first on Smart Software.

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EU Cases of Olive Oil Fraud and Mislabeling Hit Record High

Supply Chain Brain

The incident reports included oils contaminated with unauthorized substances such as pesticides, mineral oils and one case where glass fragments were discovered.

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Online Procurement System: Guide to Choosing the Right Tool

Precoro

In today’s digitalized world, more and more companies are moving away from paper and spreadsheet-based processes in favor of more accurate, simple, and efficient automation. According to the 2020 Forrester Consulting Thought Leadership Paper , 72% of business decision-makers agree that digital processing increases resilience. Procurement operations are no exception.

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How to Master Product Portfolio Management

Pursuing product portfolio management excellence empowers organizations to unlock the full potential of their offerings. This comprehensive guide unveils 10 essential keys that serve as the building blocks for success.

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Stormy Weather in South Africa Splits Apart Beached Cargo Ship

Supply Chain Brain

During a recent storm, 22-foot-swells slammed into the vessel every 15 seconds, cracking the hull and breaking the ship into four pieces.

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Breaking Barriers: Multi-Language Support in LogiNext’s Delivery Automation Platform

Loginext

LogiNext's delivery automation platform supports over 10 languages, breaking down barriers in the logistics industry. It enables smooth communication, efficient operations, and exceptional customer service worldwide. The post Breaking Barriers: Multi-Language Support in LogiNext’s Delivery Automation Platform appeared first on loginextsolutions.com.

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Connected Workers: Key to Closing the Manufacturing Skills Gap

Supply Chain Brain

The manufacturing industry is at a critical juncture, as it struggles to cope with a crippling labor shortage and skills gap.

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Stord Expands Operations with Acquisition of Pitney Bowes’ State-of-the-Art Fulfillment Center in Kentucky

Stord

Stord’s eleven North American fulfillment centers maximize customer experience while reducing operational costs for omnichannel brands. ATLANTA, July 29, 2024 — Stord , a leader in high-volume fulfillment services and commerce enablement technology for omnichannel brands, today announced the acquisition of Pitney Bowes’ E-commerce Fulfillment business.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Fashion Opens the Doors to ‘Econogy’: When Sustainability Yields Economic Benefits

Supply Chain Brain

A challenging economy, coupled with the need to focus on sustainability, are driving change within fashion companies.

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Every Forecasting Model is Good for What it is Designed for Copy

The Smart Software

With so much hype around new Machine Learning (ML) and probabilistic forecasting methods, the traditional “extrapolative” or “time series” statistical forecasting methods seem to be getting the cold shoulder. However, it is worth remembering that these traditional techniques (such as single and double exponential smoothing, linear and simple moving averaging, and Winters models for seasonal items) often work quite well for higher volume data.

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Denso Bets on Automation as Climate Change Threatens Food Supply

Supply Chain Brain

The market is growing for industrialized greenhouses capable of providing fresh produce consistently amid climate change as well as shortages of workers.

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Toyota Plans for New EV Battery Plant on Japan's 'Silicon Island'

Supply Chain Brain

The new facility will provide EV batteries for Lexus vehicles made at Toyota's Miyata plant roughly 25 miles away.

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11 KPIs for Measuring Innovation Success

Measuring innovation success is critical yet challenging for organizations, often leading to confusion over which KPIs to use. Many rely on inappropriate metrics borrowed from other departments, wasting resources and overlooking valuable opportunities. This guide outlines why innovation metrics are hard to track and offers a framework for creating effective KPIs.