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The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Our goal is to build a guiding coalition to think differently to improve outcomes. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value).
Here’s what you expect a CEO to say upon the announcement of a corporate social responsibility initiative. As CEO of Quintiq, it’s a great honor to partner with the World Food Programme (WFP). Quintiq aims to make people’s lives better with the technology we create, but rarely do we get the chance to do so in such a meaningful way. This is more than just another CSR initiative for Quintiq.
The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable.
The keynote address at the always enlightening Supply Chain Insights Global Summit was given by Lora Cecere, and she used it to focus on the problem of growing supply chain planning complexity and how to fix it. “The processes we have designed over the last three decades do not allow us to embrace complexity,” said Cecere. “They do not allow us to really drive global interactions to the degree we need for localized assortment.
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
by Dr. Madhav Durbha Part of what makes my job very exciting is attending conferences. These events provide great opportunities to share, learn, network, and have fun. Earlier this week, I attended the LogiPharma conference, a wonderful event for supply chain professionals working in the pharmaceutical industry. Apart from taking part in numerous interactive presentations and roundtables, I had the opportunity to host a luncheon alongside my colleague, Bill Dubois , for a packed room of pharmace
We are continuing to break the mold to help supply chain visionaries gain first-mover advantage. While other analyst firms put their research behind paywalls, we set it free. We want everyone around the globe to use our research freely and openly. Through our research panels—using Linkedin and Twitter—we now have a database of over 6500 respondents.
We are continuing to break the mold to help supply chain visionaries gain first-mover advantage. While other analyst firms put their research behind paywalls, we set it free. We want everyone around the globe to use our research freely and openly. Through our research panels—using Linkedin and Twitter—we now have a database of over 6500 respondents.
It is fall. The hot and humid days are giving way to cool and crisp weather. Today, as I type this blog post, the rain is softly falling on my window sill. The wet streets below signal a shift in seasons. The seasonal rhythms link the threads of our life. As fall becomes winter, supply chain leaders are planning their budgets and building strategies for 2017.
S&OP Maturity Series, part 2 of 5. In my last post , I discussed a scenario in which the S&OP solution was the difference between having to decide if it was better to lose potential profits, or risk upsetting existing, loyal customers – and meeting everyone’s needs. Having a solid S&OP process will become more important as your company grows from one stage of maturity to the next.
Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. 1.
Compared to conventional mathematical models (left), self-correcting models (right) are logical, so they can be created, edited, and understood by domain experts. One of the reoccurring themes at the IMAGINE Supply Chain Global Summit , hosted by Supply Chain Insights Founder and CEO Lora Cecere, was the concept of “self-guided” or autonomous applications.
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.
by Alexa Cheater Getting the Right Product in Front of the Right People. It took an augmented reality video game and a host of made up monsters to seemingly solve one of end-to-end supply chain’s biggest problems–getting the right product in front of the right people. Too bad the tactics Pokémon Go has implemented aren’t easily repeatable by the rest of us mere mortals.
In order to maintain efficiency and reduce complexity, companies must adjust to the frequent changes occurring in the business and logistics world. However, adjusting to change requires the partnership of allies, primarily shippers and logistics service providers with broad networks across the world. When these connections are made, companies can replace static, outdated business models with flexible networks.
When Transportation Optimization and New Shopping Behaviors Collide One needs to go back to the early 2000s to see green shoots of modern omni-channel retail. While web-based e-commerce began in the late 90s, consumer and retailer appetites didn’t get whetted for omni-channel experiences until the early part of the last decade. Indeed, by 2002, Best Buy was saying more than half of its customers were checking its website before coming to the store.
The Pokemon Go phenomenon, which has exceeded 500 million downloads worldwide , highlights the possibilities of augmented reality (AR) not just for gaming, but also for use in the supply chain. AR is a technology that superimposes a computer-generated sensory input such as sound, video, graphics, or GPS data into a user’s real view of the world. A good starting point for augmented reality in the supply chain, is in warehouses, and DHL recently announced that they will expand testing of augmented
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 different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. In some cases, these conditions may be applied to all supply chain processes. However, each term covers a different portion of the supply. For example, transportation management often focuses on the journey of products after manufacturing.
An Amazon recruiting poster. In the retail revolution, Wal-Mart first brought low-cost goods to the shelf. Amazon then brought low-cost goods— and the shelf —to the consumer's home, via low-cost fast service times. In our last blog , we discussed how Amazon’s low-cost service times, and the pressure that places on supply chains. Today’s blog analyzes how to compete in this multichannel environment that requires serving the customer in ways that remove the barriers that make consumers think twice
by Iman Niroomand What’s driving your supply chain – immediate consumer demand or future projections? In either case, the goal is likely the same: to provide the best customer experience. A truly customer-oriented supply chain strives to fulfill the customers’ demands on-time. Success is defined by the on-time-delivery to request (OTD-R). i In other words, when the product actually gets to the end consumer.
In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now.
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.
In the United States, families are packing for labor day. Exodus from the cities leads to jammed roads and packed parks. Now a ritual, Labor Day, is the first Monday in September. Dedicated to the social and economic achievements of American workers, it is a welcome three-day weekend. So, with labor day approaching, I am penning a blog on supply chain talent.
Oracle recently announced a definitive agreement to acquire Logfire, a Cloud WMS provider. Last year I explained that Cloud WMS deployments still remain limited compared to Cloud adoption of other supply chain software (I am using the term “Cloud” to represent single instance, multi-tenant solutions). And with good reason. WMS is a real-time application that requires quick response times to function properly.
Editor's Note: Today's blog is a guest blog by our friends at 2 Flow. In this blog, they discuss everything you need to know about a 3PL business. What is 3PL? There are several definitions of 3PL. These include: . Third party logistics (3PL) is the function by where the owner of goods outsources numerous components of the supply chain to a 3PL company that can perform the management function of the clients’ customs, inbound freight, distribution, warehousing, order fulfilment and outbound fr
You can tell it’s a revolution when heads roll, and “heads” (brick-and-mortar stores) are rolling in retail. Macy’s is closing 100 more retail stores across the United States. Pacific Sunwear and Aeropostale filed for Chapter 11 protection. Sports Authority is going out of business. This is the continuation of a revolution that began 30 years ago. At the time, retailers were rarely known for their investment in innovation and technology, but Wal-Mart went against the grain in the 1990’s when it
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
by Trevor Miles Global supply chains are getting bigger and more complex. As a result, companies are facing added pressure to respond effectively to fluctuating demands and unexpected change. Add in more frequent supply disruptions, managing product life cycles, and increased regulatory controls, and it’s no wonder it’s getting more difficult to protect the bottom line.
John Stumpf, the CEO of Wells Fargo, was grilled by senators yesterday over the company’s “ pressure cooker sales culture ” that led employees to create millions of unwanted or fictitious customer accounts in order to meet sales goals. Although the story is in the headlines today, the bank’s practices were first reported by the Los Angeles Times back in December 2013.
The Internet of Things (IoT) is having a profound impact across the supply chain. In this article, Geoff Annesley looks. The post How the Internet of Things (IoT) Can Optimize Fleet Management appeared first on The Network Effect.
There’s a lot of buzz about the Internet of Things, or IoT. IoT refers to the physical network of vehicles, buildings, devices and other items that are increasingly connected. I also consider people and applications like an ERP or WMS to be part of the IoT. A transportation management system (TMS) has always been applied across many company platforms, exchanging information with your carriers, vendors and customers.
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.
Editor's Note: Today's blog is by Dr. Muddassir Ahmed of muddassirism.com. In this blog he provides a simple reference guide to better yourself as a supply chain leader. Why Focus? Supplier Development is a proactive & reactive business process that aims to increase the performance. and/or capabilities of the supplier and meet companies' short- and/or long-term supply needs.
Although the U.S. Federal Aviation Administration recently announced new rules for commercial drones, there is still not a clear short-term path for mass deliveries of packages via drone. From a regulatory perspective, the most important remaining barriers for autonomous package delivery are: Line of sight rule which prohibits drones from flying out of the operator’s sight.
by Trevor Miles I was at the North American Supply Chain Executive Summit in Chicago earlier this week. I’m a pretty jaded conference goer, so it is difficult to please me, but I have to say that I was pleasantly surprised by the quality of the keynotes and sessions I attended. The general theme of the conference was about transformational change. What kept nagging at me though is that the presentations were largely about “righting the ship” rather than “moving from ship to air.
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