August, 2022

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3 Strategies To Improve Supply Chain Agility

C3 Solutions

The modern supply chain is growing more and more complex every day. With new technologies popping up, digital tools for all functions one can think of, and then some, supply chains now don’t necessarily need to run lean. Instead, modern supply chains need to be agile to be relevant. With companies struggling to manage inventory across global networks, volatile markets, and uncertain global conditions, shipping companies, freight forwarders, and other stakeholders will likely face increasing cost

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Navigating The River of Demand

Supply Chain Shaman

At the end of a long day of a strategy session on supply chain excellence with a client, I needed to fill up some time in an agenda. To fill the gap, I needed to get creative to fill the time. The result? The genesis of the River of Demand learning activity. Here I share my learnings in working with clients. Background. Over the last decade, I find fewer and fewer companies understand supply chain planning.

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Retail Returns: The Key to Driving Business Growth

ToolsGroup

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. Yet, in today’s omnichannel world, retail returns are key to driving business growth, thanks to their ability to enhance the customer experience, minimize losses, and preserve long-term revenue.

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Sustainability in Procurement: Strategies and Challenges

ivalua

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments. Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring an

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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5 Benefits Of Freight Broker Software That May Change Your Perspective

3GTMS

Software used to control the transportation elements of a supply chain is referred to as freight broker software and is also known as a transportation management system or TMS. Freight broker software can help you become more efficient, organized, and relevant to your clients. Furthermore, good freight brokerage software can help you expand your business while […].

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6 Critical Trends in Distribution and How to Optimize Your Network’s Response

ToolsGroup

From digitalization and changing workforces to trend reversals and inventory overloads, distributors have their hands full when it comes to tackling the latest supply chain challenges. Trends in Distribution and the Current Supply Chain Environment. Over the past couple of years, supply chains have undergone a baptism by fire, having to transform quickly to account for supply shortages, rapidly evolving consumer behaviors, and general Covid-related disruption.

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Building Supply Chain Resilience: The Right Balance of Human and Tech in Transportation

3GTMS

The post Building Supply Chain Resilience: The Right Balance of Human and Tech in Transportation appeared first on 3GTMS.

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Modernizing Your Supply Chain is Not Enough

Enterra Insights

The late Thomas Samuel Kuhn, an American philosopher of science, introduced the term “paradigm shift” in his 1962 The Structure of Scientific Revolutions. The term caught on. As Tania Lombrozo ( @TaniaLombrozo ), a psychology professor at Princeton University, notes, “Talk of paradigms and paradigm shifts has since become commonplace — not only in science, but also in business, social movements and beyond.”[1] She adds, “A paradigm shift is defined as ‘an impo

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How to Handle Supply Chain Planning in the Face of Chaos

The Network Effect

The post How to Handle Supply Chain Planning in the Face of Chaos appeared first on The Network Effect.

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4 Ways To Drive Supply Chain Excellence in the Food Industry

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.

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DHL Supply Chain’s Digital Transformation in the Warehouse

Logistics Viewpoints

In 2018, DHL Supply Chain announced its plans to deploy emerging technologies in 350 of its North American facilities. My colleagues and I often have the opportunity to discuss initiatives such as this with company executives. Of course, we subsequently share interesting insights in Logistics Viewpoints articles. Earlier this month, Brian Gaunt, Senior Director of Accelerated Digitization at DHL, provided me with an update on the company’s warehouse digitization journey.

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A Supply Chain Executive Asks: Is Supply Chain Technology Making a Difference?

Talking Logistics

Kevin O’Meara, Vice President, Integrated Supply Chain at Shaw Industries, posted the following question on Twitter last Friday: “Have the billions of dollars invested in supply chain technology really made a significant difference in the outcomes? We have spent the money and we see unprecedented delays, shortages, and disruptions. [For example], we have no lack.

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Importance of Digitalisation to Improve Supply Chains: Helping Businesses Navigate Through Supply Chain Disruptions

The Logistics & Supply Chain Management Society

Importance of Digitalisation to Improve Supply Chains: Helping Businesses Navigate Through Supply Chain Disruptions. Opinion Editorial by Bill Heaney – Chief Commercial Officer at DB Schenker USA. As Industry 4.0 is adopted in more and more industries and companies, the supply chain industry is starting to implement these disruptive technologies to adapt to the ongoing challenges and obstacles.

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ToolsGroup Named a Leader in Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization

ToolsGroup

BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. ToolsGroup Service Optimizer 99’s self-adaptive demand and inventory models define the optimal mix of inventory across the multi-echelon supply chain to achieve aggressive service level targets while right-sizing inventory.

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The 25 Types of Innovation Dominating R&D Today

Innovation varies widely across sectors and organizations, creating value in diverse forms. Understanding different types is crucial for R&D teams to foster creativity and uncover missed opportunities. This guide explores 25 key types of innovation in management frameworks.

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This Could Be Scary: A Halloween Candy Shortage

Enterra Insights

If geopolitics, inflation, and climate change aren’t enough to worry about, there are now warnings that there could be a shortage of Halloween Candy. The first company to sound the alarm was Hershey. Journalist Mehr Bedi reports, “Hershey Co said on [28 July] it would fall short of meeting demand for the all-important Halloween and Christmas holiday seasons this year, blaming a scarcity of raw ingredients and difficulties in securing suppliers.”[1] The following day journalist

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Walmart Transportation with Doug Estrada

The Logistics of Logistics

Doug Estrada and Joe Lynch discuss Walmart transportation. Doug is a Senior Director of Supply Chain at Walmart , the largest retailer in the world. About Doug Estrada. Douglas Estrada is a Senior Director of Supply Chain at Walmart Stores Inc. A graduate of Doane University in Crete, NE. Doug Estrada has 30 plus years of experience in Supply Chain with the last 20 years of supporting Walmart Stores, Inc.

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Don’t Fear What is Outside Your Box – It Can’t Bite You!

Logistics Viewpoints

The only way to drive business is to embrace change; in today’s uncertain world, this is more valid than ever. Still, we can see that it is hard for many companies to go outside of their box and challenge the status quo. I have seen a lot of scary examples where a company wants to stay in the old box and connect new technologies and innovation…….and they fail, again and again and again.

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The Unintended Consequences of Inconsistent Freight Procurement

Talking Logistics

When you think of supply chain management, capabilities such as agility, responsiveness, and flexibility often come to mind. But an important capability you might not think of very often is consistency, which is defined as: “conformity in the application of something, typically that which is necessary for the sake of logic, accuracy, or fairness.” Why.

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What Makes a Warehouse Worker Happy?

The 2024 Newcastle Systems Worker Satisfaction Survey provides insights into the life of a warehouse worker and what matters to them.

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Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains. Feature Article by Dr. Raymon Krishnan – President at the Logistics and Supply Chain Management Society. This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions.

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The Big Sigh

Supply Chain Shaman

I hopped on the plane in Baltimore on my way to Atlanta last week. Always late, I squeezed past a middle-aged man wearing a black mask in the aisle seat and promptly fell asleep nodding my head on the window ledge. As we circled Atlanta, I woke up and started a obligatory conversation with my neighbor. I started with, “Tell me about you. What brings you to Atlanta?

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DELMIA Communities Month in Review

DELMIA Quintiq

Hello and Welcome to the Month in Review for August 2022! There is a lot more than what is shown below – visit the communities to see the exchange of information and ideas between members and DELMIA experts this month. With eight active communities, you are sure to find at least one to suit your DELMIA interests. We welcome you to connect with us, exchange and share on the DELMIA Communities.

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The Routeique Story with Mike Allan

The Logistics of Logistics

Mike Allan and Joe Lynch discuss the Routeique story. Mike is the President and CEO at Routeique, a software as a service (SAAS) company that enable fast-moving consumer goods businesses to save time and money, innovate faster, be more competitive, avoid costly mistakes, de-risk decisions, and satisfy ever-growing customer expectations— by providing them with unprecedented supply chain insight, foresight, and oversight.

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Maximize Supply Chain Spend & Asset Utilization with Innovative Test Automation

Connected devices are emerging at an explosive rate exerting pressure on larger operators; however, some organizations cannot continue to purchase the latest & greatest devices without ramifications. The introduction of automated test technology drives the optimization of supply chain expenditures leveraging forward & reverse logistics paths. Adopting innovative test automation tools addresses these challenges by providing robust solutions for testing the interoperability, performance, & securit

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The Race for Last Mile Drones

Logistics Viewpoints

One of the most difficult and expensive aspects of the supply chain is last mile and home delivery. However, from a customer experience standpoint, it is also the most memorable and possibly important. Autonomous last mile deliveries are part of the answer to the e-commerce boom that we are experiencing. I have already written about autonomous mobile robots and how they are changing last mile deliveries.

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Editor’s Pick: July U.S. Container Import Volume Maintains Record Trend for 2022 as Port Congestion and Delays Persist

Talking Logistics

Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. In this recent post from Descartes’ blog, Chris Jones analyzes July 2022 data related to U.S. ocean ports and import volumes.

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The Green Corridor: Saving Whales in California – A Case Study in Regional Collaboration

The Logistics & Supply Chain Management Society

The Green Corridor: Saving Whales in California – A Case Study in Regional Collaboration. by Timothy Foote , Founder of Susymbio. Collaboration in supply chains is not just confined to how product, information and funds move; it also includes our approach to tackling environmental issues. If you are like many people, summer months are used for taking a couple weeks off to relax.

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ToolsGroup Supports Accelerated Growth With Addition of New Executives

ToolsGroup

ToolsGroup welcomes Jon Purdy as Chief Financial Officer and Joseph Luciano as Chief People Officer. . BOSTON — August 4, 2022 — ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, announces it has appointed Jon Purdy as Chief Financial Officer and Joseph Luciano as Chief People Officer. These strategic executive hires support rapid company growth, better collaboration, goal clarity, and ongoing improvement in key business metrics while keeping

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10 Practical Steps To Reduce Scope 3 Emissions

Scope 3 emissions – which account for 70 – 80% of an organization’s emissions – are complex and multifaceted. They form the bulk of an organization’s environmental impact. It’s no surprise that enterprises still struggle to track and manage these emissions. '10 Practical Steps to Reduce Scope 3 Emissions' guides you through the essential phases of identifying, analyzing, and mitigating these emissions.

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What is Supply Chain Planning Software and How Can it be Used Effectively? Part 1

DELMIA Quintiq

In this blog series, I’ll take a look at the current state and future evolution that can be expected within the world of supply chain planning software through the lens of Dassault Systèmes DELMIA. You will discover: A detailed overview of what supply chain planning is An explanation of the importance of supply chain planning for manufacturers A breakdown of the key elements in supply chain planning including demand planning, supply planning, sales and operations planning, production scheduling,

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The Post-Pandemic Supply Chain with Peter Tirschwell

The Logistics of Logistics

Peter Tirschwell and Joe Lynch discuss the post-pandemic supply chain. Peter is Vice President in the Maritime, Trade & Supply Chain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial. About Peter Tirschwell. Peter Tirschwell is Vice President in the Maritime, Trade & Supply Chain division of S&P Global ;, a global data, analytics and business intelligence org

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Listening to the Voice of the Warehouse Worker –5 Factors Impacting Employee Attraction and Retention

Logistics Viewpoints

As a pioneer in warehouse technology and the development of solutions that empower warehouse workers, Lucas Systems recently commissioned a research study and developed the first Voice of the Warehouse Worker Insights. The goal was to capture the warehouse workers voice in terms of what they currently see, what they feel and believe, what they fear, and finally what they hope for.