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By: Sunil Pandit, Director, Global Practices, Bristlecone. The financial crisis of 2007-08 was referred to as a black swan event because it caused catastrophic damage to the global economy and triggered widespread disruption to people’s lives. But the world recovered from it, and following that event, we experienced an impressive 11-year upswing. In fact, until recently, we were enjoying a booming economy and seeing overall improvement in the lives of people around the world.
The novel coronavirus (COVID-19) has created profound uncertainty, and catapulted the vulnerabilities of interconnected supply chains front and center. Supply chain managers who are experiencing supply risks, demand uncertainty, and “wait and see” leadership directives are asking: What should I do now? The answer to this question is quite extensive.
Can I Interest You in a Hot Sports Car? Have you ever passed a parking lot of a used car dealer and eyed a dream sports car on sale? Unbeknownst to you, it’s likely that the used car dealer is selling most or all of the cars on consignment. Think about it. There’s no business sense for the dealer to purchase second-hand cars from prospective sellers in order to resell them for a profit (if any!).
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
Artificial intelligence, virtual reality and robotics have all become hot topics when it comes to the future of the supply chain. Advanced robotics are already being utilized in warehouses around the world. As robots continue to prove themselves through real-life applications, this field of technology is on course to solidify its presence in warehousing.
Artificial intelligence, virtual reality and robotics have all become hot topics when it comes to the future of the supply chain. Advanced robotics are already being utilized in warehouses around the world. As robots continue to prove themselves through real-life applications, this field of technology is on course to solidify its presence in warehousing.
As I flew to Dallas, I worked on this post. Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.
Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. A key component of this technology trend is the need for a supply chain visibility platform. Research shows that having real-time supply chain visibility is necessary to build a responsive, resilient, competitive, and profitable operation.
Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. However, systems used to manage inventory refer to the combination of technology, including hardware and software, for the following: Product identification Product matching to orders Data analysis Product labeling and management Documentation Reporting The use.read More.
Everyone is working hard to figure out how to stay safe, what is going on, how to minimize the impact to our personal lives and the companies we work for, and to plan for the future. Over the last few weeks, I have spoken with several of our customers as well as industry analysts from ChainLink Research, Gartner and IDC to gain some additional perspective on how the supply chain is coping with this quickly escalating risk.
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.
Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. In an ever-changing global economy with all its unexpected twists and turns, supply chain leaders are looking for a way to be ready for anything the real world throws at them.
Back in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic. When it’s all said and done, there will be many lessons learned, but the question right now is: How can supply chain and logistics. Read more Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals.
According to Supply Chain Digital Magazine, many manufacturers are falling behind with more than two-thirds of them being unable to provide data-driven analytical information to support their business decisions.
By mid-March, it had become difficult to keep track of what seemed like the high-speed unravelling of the world’s economy and its means of social connection. Abrupt governmental decrees, designed to contain the rapid global spread of COVID-19, were being matched by equally unsettling private-sector decisions to cancel or postpone public events, college classes, athletic competitions, worship services, and much, much more.
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
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages.
The decision to invest in dock scheduling software can lead to significant benefits in the supply chain and reduce stress. As with any change to supply chain management systems or records, it is imperative shippers thoroughly consider the software vendor and evaluate their service levels. As explained by Manhattan Associates , shippers that follow the right steps to selecting the best dock scheduling software can quickly manage fluctuations and ensure the system chosen adds value and generates a
Just like you, we’re taking the news day by day and continuously brainstorming ways to serve our community. The COVID-19 pandemic is having a profound impact on our lives, the kind we have not seen in centuries. It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. T he apparel industry, for instance, is bracing for a prolonged period of low activity.
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.
The strategies of supply chain management are of paramount importance when it comes to boosting the profitability of the business and distribution network. It is highly important that the customers’ demands related to the quality, quantity, timely response and timely delivery without any unnecessary delay are being met in a cost-effective manner. The various steps.read More.
Start making your contingency plans for coronavirus immediately. Here are 20 things to keep in mind. The post Start Planning for the Coronavirus Now! 20 Things to Keep in Mind appeared first on Logistics Viewpoints.
If you’re a supplier, nothing makes you happier than receiving a customer order—and the more orders you get, the better. However, there are many different ways for customers to transmit those orders, from highly automated approaches to manual entry. What challenges does this create for suppliers? How can technology and digital networks streamline and automate.
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
Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results. Ability to ingest and use a broad range of data; a system that is ‘greedy’ for data that yield new insights.
The world of supply chain has changed. Just a few decades ago, processes were still fairly linear and easier to control. Fast-forward to today, and you’ll find that external factors like changing consumer tastes, geopolitical shifts and global disruptions like the coronavirus outbreak have a much deeper impact on demand, complicating planning.
Supermarkets are heavily impacted by unexpected peaks in demand and product unavailability from areas that have been affected by the COVID-19 pandemic. This global health crisis has uncovered vulnerabilities in our food supply chains, affecting the capacity of food retailers to ensure its continuity. It is critical for retailers to quickly respond to these sudden changes, but many struggle with this because their planners still rely on spreadsheets and legacy tools to plan their logistics operat
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.
Today we recognize that the supply chain is a source of strategic advantage. In our quest to drive scale and reduce costs, we have architected supply chains spanning the globe. However, as these supply chains become increasingly globalized, they are also more vulnerable to disruption. Natural disasters, weather events, business cycles and more recent challenges, such as the threatened tariffs on Mexican goods, the ongoing trade war with China, and the outbreak of the coronavirus, […].
Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. Redwood City/Warsaw/ Hamburg – March 17th, 2020 | Ivalua, a leading global provider of procurement management solutions, and OptiBuy, Ivalua’s long-standing implementation partner, announced their selection by Körber to enable a digital procurement transformation.
Take a moment to think about the state of last-mile logistics in the last year. An argument does exist for the continued support of last-mile innovation and a relentless push to build better customer experiences within the final mile. Unfortunately, supply chain professionals can get so wrapped up in the logistics of the final mile,read More. The post Trends in Last-Mile for 2020 appeared first on Transportation Management Company | Cerasis.
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