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by Alexa Cheater Faster, smarter, more profitable supply chain decisions. Transitioning from hype to reality, artificial intelligence (AI) is gaining momentum across industries thanks to an explosion in computing power and storage, the emergence of IoT (Internet of Things) and big data, and algorithmic advances. While there have been numerous examples of how AI can boost profits in supply chain execution—most notably in the form of autonomous vehicles and smart robotics—the benefits related to s
The future of supply chain management is filled with technologically empowered, happy, satisfied workers, faster workflows, synchronous systems, robotics, millennials, and even more millennials. Can you imagine it? Are you ready? Supply chain managers face many challenges in the digital age. E-commerce is growing at an annual compound rate of 18%, and tomorrow’s workforce has unique and experience-centric expectations.
Technical issues with blockchain for supply chain applications have been largely eliminated. The technology is being widely tested in pilots and proof of concepts but is not yet in every day usage. Experts predict that 2018 will be the year this changes. The post The Growing Maturity of Blockchain for Supply Chain Management appeared first on Logistics Viewpoints.
Recently, Dassault Systèmes was recognized as the world’s most sustainable company by Corporate Knights in the 2018 Top 100 Most Sustainable Corporations in the World index. The index is recognized globally as the gold standard for corporate sustainability analysis, with rankings based on various key performance indicators – including environmental, social, financial and innovation capacity – but also, as of this year, on the sustainability value of a company’s products.
Procurement leaders are at a pivotal moment. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for
Cloud. Descriptive analytics. Prescriptive analytics. Machine learning. Collaborative workflow. What if analysis. I find as I attend conferences that the word “planning” is bantered about, but few technologists dive into the details. We have lost the ability to have a discussion on the fundamentals. It drives a supply chain planning gal like me crazy.
The 2018 Nucleus Research Inventory Optimization (IO) Value Matrix Report has just been released, and analyst Seth Lippincott identifies the latest technology trends, top inventory optimization solution providers, and the strengths and weaknesses of each vendor. Nucleus positioned 17 vendors in its Value Matrix by analyzing end-user experiences relating to software usability and functionality.
The 2018 Nucleus Research Inventory Optimization (IO) Value Matrix Report has just been released, and analyst Seth Lippincott identifies the latest technology trends, top inventory optimization solution providers, and the strengths and weaknesses of each vendor. Nucleus positioned 17 vendors in its Value Matrix by analyzing end-user experiences relating to software usability and functionality.
by Ilyas Kucukcay Recent advancements in the space launch market may indicate an increased need for logistics and supply chain management in outer space operations. Humankind’s ongoing curiosity about space has countries competing to prove they have not only the technology, but also the resources and collective knowledge to go beyond our imagination.
Editor’s Note: Today, we have a guest blog from the good folks at ALBA who came up with this awesome infographic about the future of supply chain and IoTs role in it. . A report from Gartner predicts that by 2020, more than 50% of major business processes will incorporate some form of the Internet of Things (IoT). One such business process is the supply chain.
KFC, a fast food favorite, made headlines last month for suffering a chicken shortage that brought 900 restaurants in the UK to a halt. Recently, the chain announced it was suffering from a gravy shortage as well. Not ideal for a chicken restaurant. No chicken and no gravy mean no customers. The whole debacle could have cost Yum! Brands Inc., KFC’s Parent company, up to £1m in losses per day.
The United States has been lagging behind other parts of the world when it comes to the testing and adoption of drones for last mile deliveries. This is not due to a lack of interest or research and development efforts from some of the largest drone manufacturers. In fact, companies such as Amazon, Google, and UPS have invested incredible amounts of money into how they can deploy drones to make deliveries.
Savvy B2B marketers know that a great account-based marketing (ABM) strategy leads to higher ROI and sustainable growth. In this guide, we’ll cover: What makes for a successful ABM strategy? What are the key elements and capabilities of ABM that can make a real difference? How is AI changing workflows and driving functionality? This Martech Intelligence Report on Enterprise Account-Based Marketing examines the state of ABM in 2024 and what to consider when implementing ABM software.
Financial Reengineering is the radical redesign of business processes and organizational structure in order to achieve significant improvements in performance, such as productivity, cost reduction, cycle time, and quality. It is the basis for many recent developments in management. Sounds good? Right? Think again. The traditional supply chain leader focused only on cost reduction.
Editor's Note: There will be no blog post next week. Many retailers consider competing against Amazon their biggest challenge. While the impact of Amazon is real, it is only a thread in the larger retail competition tapestry. Amazon offers breadth, but brick and mortars offers “now”, and a tactile consumer shopping experience is still a retailer’s greatest asset.
by Alexa Cheater Going digital has become top of mind for most supply chain leaders these days. But finding success through digital transformation is still an elusive venture. According to recent research by the Korn Ferry Institute, all 100 senior supply chain executives the firm surveyed said digital supply chains have the potential to revolutionize businesses.
With effective logistics planning and strategies, you can run a supply chain smoothly without too many concerns. However, disruptions can occur even with the best plans in place. If your company encounters a supply chain crisis, it is important not to panic. Panicking can lead to a number of hasty decisions which can make the situation worse. Assess the situation and develop an approach that minimizes losses and resolves the crisis as quickly as possible.
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
KFC, a fast food favorite, made headlines last month for suffering a chicken shortage that brought 900 restaurants in the UK to a halt. Recently, the chain announced it was suffering from a gravy shortage as well. Not ideal for a chicken restaurant. No chicken and no gravy mean no customers. The whole debacle could have cost Yum! Brands Inc., KFC’s Parent company, up to £1m in losses per day.
Supply chain analysts are far more caustious concerning the maturity of blockchain for business applications that the broader tech community. Perhaps too cautious. One day after analysts appeared on a HighJump panel on this topic, an article appeared in the Wall Street Journal that claimed that 1.1 million items from Walmart are being tracked by blockchain, helping the massive retailer trace these products journey from supplier to store.
Remember the old-time medicine shows , when showmen and storytellers posed as doctors and peddled miracle elixirs for all sorts of ailments? If they existed today, these showman would be peddling blockchain, the miracle cure and solution to just about everything. Check out these headlines: 7 Ways The Blockchain Can Save The Environment and Stop Climate Change.
From warehouse robots (very real) to equipment that you control with your mind (in the labs), new technologies appear so regularly that it can be hard to separate real from science fiction. But in the spare parts business, 3D printing has become “here and now”. Beyond cars and machine tools, 3D printers are now making spare parts to order for the US Marine Corps, container ships, and beverage filling plants.
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.
It is Saturday. This was a tough travel week on the East Coast by any measure. I’m rearranging my schedule as stranded friends cancel personal plans. As I write, a ferocious wind whips around my apartment windows reminding me that the weather always has the upper hand. My goal in this blog post is to answer a series of questions I got from the audience when I spoke at a couple of conferences this week.
Intelligent supply chain management can reduce costs, improve profitability, and enable competitive advantage for your organization. From the Blockchain in Trucking Alliance (BiTA) to the use of the internet of Things, explains i-Scoop , intelligent supply chain management is changing the game for traditional warehouses, retailers, consumers, and employees alike.
by Dr. Madhav Durbha The coffee shop was buzzing. I was meeting my longtime friend Gagan, and we managed to find a reasonably quiet corner to settle into for what I anticipated to be a long conversation. He and I went to school together and started our supply chain careers at nearly the same time. I joined a supply chain software company while Gagan joined a large global manufacturer and quickly grew through the ranks to be the vice president of supply chain IT in his company.
Just how collaborative are your internal departments? If you’re running into issues when one department makes a decision that unintentionally affects one or more aspects of your supply chain, your answer is probably along the lines of “not very.” And it may be holding back your transportation team’s effectiveness due to a lack of supply chain collaboration.
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
Understanding customer expectations is a priority for businesses in all verticals and meeting (or, ideally, exceeding) those expectations is crucial to winning customer loyalty. This is true of your customers and your customers’ customers. One area receiving a lot of attention in recent years is Last Mile delivery tailored to a customer’s preference.
Blockchain data can be a useful source of certified data to support the supply chain model or "supply chain twin". With all the hype around Bitcoins, you’ve probably at least heard of the distributed database technology known as blockchain. But blockchain isn’t just for cryptocurrency and other financial services applications. It’s even finding its way into supply chains, and it has the potential to have a significant impact on supply chain planning.
Source: The Daily Dot. The global logistics market is predicted to reach US 15.5 trillion in 2023. The world runs on trade and traditionally the industry has been plagued by inefficient processes, middlemen, and archaic technology. As a result, venture capital has poured into logistics startups over the last few years in an attempt to digitize the supply chain.
It can often be tricky selecting the correct plastic pallets for your business. There are so many different factors to take into account which is why Plastic Pallets in the UK have produced this great in-depth guide to plastic pallets. It contains everything you could possibly want or need to know about plastic pallets. The ULTIMATE Guide to Plastic Pallets.
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.
by Bill DuBois On March 14, 2018, the world lost an unbelievable talent in Stephen Hawking. Tributes continue to pour in around the globe for a man who gave so much to science, all while fighting motor neuron disease since the age of 21. As astronaut Chris Hadfield commented on Twitter, “Genius is so fine and rare.”. Fortunately, for us, Hawking’s genius will live forever as his words continue to inspire generations.
Most companies invest in transportation management solutions to cut costs. Home Depot has proven that investing in this can improve service and grow revenues. This article describes the path they took to put this business case together. The post Home Depot Grows Revenues by Investing in Time Definite Deliveries appeared first on Logistics Viewpoints.
I get side tracked with college basketball this time of year as I cheer on my alma mater. The NCAA March Madness Final Four frenzy has transformed the sport as we know it. Are there any parallels between the tournament and supply chain transformation? Digital Supply Networks: Your Team Captain. You can view Digital Supply Networks (DSN) as a team member on the digital supply chain transformation journey.
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