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Manage Excess Inventory is the panacea for every Supply Chain professional. Acording to McKinsey Global Survey of challenges ahead for supply chain; Reducing Operating costs and Inventory levels , are the main goals for Supply Chain Top Management. For instance, Pharmaceutical industry is specially sensitive to suffer overstock. Despite using leading-edge technology -the increasing number of complexities and the exponential growth of demand – makes Inventory control one of the top prioriti
As 2019 comes to an end, Brexit remains in the news, with the deadline pushed out once again to January 31, 2020. It’s been a roller coaster ride the past three years, but one thing has remained the same: supply chain leaders have had to deal with the ongoing risks and uncertainties caused by Brexit. Read more Preparing for Brexit: What Supply Chain Leaders Need to Know.
Logistics and supply chain businesses have never been in so much need for change and upgrade, as they are now, and this is only because of the growth of e-commerce and other digital delivery businesses. Online delivery apps and online shopping apps provide things from a safety pin to heavy machinery, from ice-cream to home.read More. The post Technology Must-Haves For Logistics and Supply Chain Businesses in 2020 appeared first on Transportation Management Company | Cerasis.
Introduction. A disorganized warehouse doesn’t just look bad to the eyes instead, it becomes more of a liability to an organization. The warehouse is the central hub from which any trading and distribution business deliver goods, so it’s essential to deal with warehouse inefficiencies. However, increasing warehouse’s efficiency is much easier with the advancement in technology and movements such as globalization.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Outside observers are surprised to learn that some multi-billion dollar supply chains are still managed with manual processes, spreadsheets and even paper records. Many enterprises have tried to start the digitization process, only to end up with a circus of siloed systems that can’t communicate with each other. Still others have invested in expensive enterprise resource planning systems, only to abandon them because they just don’t map to the natural workflows of procurement, asset management,
Outside observers are surprised to learn that some multi-billion dollar supply chains are still managed with manual processes, spreadsheets and even paper records. Many enterprises have tried to start the digitization process, only to end up with a circus of siloed systems that can’t communicate with each other. Still others have invested in expensive enterprise resource planning systems, only to abandon them because they just don’t map to the natural workflows of procurement, asset management,
If you play your cards right, your business’ digital marketing strategy can help ensure a successful holiday shopping season this year. Putting in a little bit of work now can result in more sales over the coming months than you ever could have expected. . Consider the topics covered in this article when you start devising your holiday game plan. The holiday season is a goldmine for ecommerce shops.
The Workforce Institute at Kronos Incorporated has announced the final segment of a global study examining the attitudes of Generation Z1– teenagers and early 20-somethings – in the workplace to reveal how employers worldwide can most effectively attract, develop, motivate, and retain talent within the next next-generation workforce.
There are over 100,000 warehouses, distribution centers, and manufacturing plants in the U.S. alone. With nearly 4 million retail stores and eCommerce websites to support, their supply chain and logistics processes must be as efficient as possible. 5.5 million trailers make 500 million shipments (facility to facility or facility to store) every single year all over the country.
For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic
Will a Chinese company become your biggest competitor by 2025? This fall ToolsGroup was pleased to attend our Nordic partner Optilon’s annual Supply Chain Conference. Danish journalist Christina Boutrup’s keynote presentation provided a fascinating look into Chinese business and technology culture. This article summarizing Christina’s talk was published in Intelligent Logistik magazine by Klara Eriksson.
Doug Keeley, Product Marketing Manager, Ivalua. If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. That leaves the vast majority of companies and teams in the middle – and each one of them is working hard every day to be as good as they can given their current priorities, challenges and resources.
Supply chain software is changing. So should the purchasing process. . As someone who has worked in supply chain for over 20 years, I’m very familiar with Requests For Information (RFIs) and Requests for Proposals (RFPs). It’s been the way to conduct a competitive tender since I can remember. RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendo
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
Many companies have high hopes when they set out to establish a Lean operating environment. But if your efforts fail to yield expected results, it can be difficult to pinpoint where the problems lie. A growing body of knowledge and experience indicates that advanced Sales & Operations Planning (S&OP) may be the key ingredient for Lean success.
by Sarah Harkins. When your supply chain isn’t functioning, the signs are clear: missed opportunities, customer complaints, unexplained errors and overstretched planners. Diagnosis is easy, but change is hard. We’ve all heard stories about the company that spent thousands of dollars and years of work on transformation only to make negligible gains. These stories have created fear and persuaded many companies to stick with outdated solutions long after they’ve outlived their utility.
Control Tower and Center of Excellence (CoE) are two terms mentioned repeatedly as companies try to gain better visibility, control, and performance from supply chains that are becoming more dynamic and complex every day. But what do these terms mean and how do they relate to each other? What defines a successful Center of Excellence? Read more The Evolution from Control Tower to Center of Excellence.
The Supplier Relationship Management Playbook is your guide to building effective supplier partnerships that drive supply chain excellence. This playbook equips supply chain professionals with strategies for managing compliance, tracking performance, and fostering collaboration to reduce supply chain risks. Inside, you’ll find: Strategies for Compliance: Best practices to help meet regulatory standards.
Successful dock scheduling can generate significant results in the supply chain. Shippers realize faster, better management of the dock and savings on logistics costs can be redirected into reinvestment in the company or lowering product price points. Successful dock scheduling creates the ultimate win-win for customers and businesses alike. Of course, shippers should understand what is not working with dock scheduling practices today and how dock scheduling software can generate strong returns
Today’s warehouse managers need better inventory management strategies. Shareholders want to increase profitability. Customers wish for better customer service. Amazon wants to take over the world. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. Supply chain leaders should follow these key strategies for.read More.
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, and the food supply chain tied to that meal is complex. But there are a number of other areas that can result in logistics headaches as well.
Supply chains are getting leaner, faster and more efficient every year. In order to keep up with rising customer expectations, increasingly complicated shipping processes and growing business, many shippers are turning to ERP integrations to give them a leg up on the competition. Integrating a transportation management system (TMS) like Kuebix TMS with an ERP […].
Fragmented processes and unstructured data pose significant challenges for supply chains. This whitepaper explores how AI and predictive insights revolutionize supply chain management. By analyzing real-time data from disparate sources, these advanced systems offer actionable insights to anticipate potential issues, improve decision-making, and enhance operational efficiency.
by Polly Mitchell Guthrie Today I sat through a full day of talks at the International Institute of Forecasters Foresight Practitioner Conference , which was focused on the topic of “Artificial Intelligence —The Hype and the Promise for Forecasting and Planning.” There was lots of skepticism (and humor) about the hype, along with some use cases of promising results.
Supply chain software is changing. So should the purchasing process. . As someone who has worked in supply chain for over 20 years, I’m very familiar with Requests For Information (RFIs) and Requests for Proposals (RFPs). It’s been the way to conduct a competitive tender since I can remember. RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendo
Keeping the workforce happy has always been a critical concern for business owners and supply chain leaders. In this context, finding and securing the right carriers forms a significant portion of managing truckload carriers. Meanwhile, above-average truckload demand, notes Inbound Logistics, will push available truckload servicers to the tipping points.
Speaker: Nikhil Joshi, Founder & President of Snic Solutions
Is your manufacturing operation reaching its efficiency potential? A Manufacturing Execution System (MES) could be the game-changer, helping you reduce waste, cut costs, and lower your carbon footprint. Join Nikhil Joshi, Founder & President of Snic Solutions, in this value-packed webinar as he breaks down how MES can drive operational excellence and sustainability.
I recently wrapped up my Supply Chain Collaborative Networks (SCCN)market study which looks at the total size of the market, the forecasted growth through 2023, and the leading suppliers across a number of categories including industry, region, and customer size. The study includes a holistic view of the SCCN outlook. Supply Chain Collaboration Networks are a collaborative solution for supply chain processes.
The world of transportation and logistics management looks completely different than it did even 50 years ago. Gone are the days of pen and paper and jotting down haphazard notes when on the telephone with a carrier booking freight. Now, technology is now ruling supreme. With the advent of advanced cloud-based transportation management systems, there […].
by Justin King Editor’s Note: The original version of this article appeared in the eBook, Thinking Differently About Supply Chain Planning: The Case for Concurrency. Pause for a moment to think about what the world’s supply chains are tasked with on a daily basis and how much they achieve. It’s staggering. Now factor in the platforms, processes, and procedures upon which many of the world’s critical supply chains are built and it quickly becomes clear that the day will come that they can no long
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