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How Firms Use eSourcing to Optimize Their Supply Chain Networks. One of the most important things that a business needs to do is keep its supply chain healthy. If there’s a break in the chain, this can negatively affect business in several ways. A good example is when the big box store Target had to suspend operations in Canada when they began to experience supply chain problems. eSourcing in the supply chain is a great way to mitigate and optimize networks and to keep them seamlessly flowing wi
Business as usual. COVID-19 put this cliché on ice and has introduced us to unprecedented times and new normals, rocking business models to their core and forcing change where none was wanted. As retail, healthcare, education, travel, banking, and other sectors struggle to adapt, we’re seeing new trends, new challenges, and new opportunities emerge.
The world of commerce is an ever-changing one. Tech developments such as 5G and the Internet of Things are reshaping everyday life. And that includes how we all shop. Customer support is evolving with social media, artificial intelligence and unified communications. That’s a lot for any eCommerce business to keep up with. Some things, though, will never change.
When these events are analyzed, it’s not unusual to discover that companies were caught off guard because of poor supply chain visibility. In some instances, companies didn’t know where suppliers and sub-suppliers were located, while in others they were unaware of critical dependencies in their extended supply chains. These same issues are still apparent as businesses attempt to restart production in the aftermath of the COVID-19 lockdown.
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
Are you looking to improve visibility, automation, and optimization to achieve a more resilient supply chain? Then a global transportation management system (TMS) should be a key part of your supply chain technology strategy. TMS technology—arguably one of the most important logistics management tools available to companies—can make a major contribution toward creating and enabling a responsive, adaptable, and intelligent global supply chain.
Supply chain systems specialists help supply chain leaders select, implement, and complete supply chain technology projects faster. Focusing on the overall success of the implementation, these specialists become real partners and work together to save money, time, and resources. Supply chain leaders faced with a new software implementation process need to know why supply chain systems specialists are valuable and how they add to ROI through better optimization efforts and use of system functions
Supply chain systems specialists help supply chain leaders select, implement, and complete supply chain technology projects faster. Focusing on the overall success of the implementation, these specialists become real partners and work together to save money, time, and resources. Supply chain leaders faced with a new software implementation process need to know why supply chain systems specialists are valuable and how they add to ROI through better optimization efforts and use of system functions
These are indeed strange times. Soap is our #1 superhero. We’ve grown weary of the word, unprecedented. Toilet paper has become the most famous supply chain shortage in our lifetime. And suddenly, ‘surge capacity’ and ‘localized supply chain’ are being called ‘secret weapons’ in headline news coverage: see yesterday’s story on 3M by Bloomberg that hit everyone’s Apple Watch as they began their Wednesday.
What has struck me most about COVID-19 so far is the rapid business response to the crisis. Brands are switching up their game plan and capitalizing on the e-commerce surge by going direct-to-consumer (D2C).
Manufacturers are reeling from the impact of the coronavirus pandemic on their operations and supply chains. Production plans have been disrupted due to changes in demand, raw material supply and workforce availability. Many automotive plants have had to temporarily shut down production or repurpose their assembly lines to produce medical devices such as respirators.
The rise of the consumer and immense power in the hands of buyers represents a significant change to standard supply chain management. It’s not enough to simply offer a fantastic product. Instead, companies need the most affordable rates possible to stay competitive, and in today’s world, any unnecessary expense pushes your customers closer to the.read More.
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.
Grounded during this pandemic, and unable to interact with clients in person, I try to write 3,000 words a day. Morning after morning, fueled by good black coffee, I type away. I share insights, based on research, for the supply chain leader. I write for this blog, craft reports from research for our newsletters, create blogs for Linkedin, and build articles for Forbes.
Over the past couple of months, most supply chains have weathered an unexpected storm. Rules and regulations are updated frequently in order for manufacturers, retailers and distributors to continue delivering. There’s no doubt that supply chains are feeling strained as they continue to adapt to these circumstances while operating efficiently and cost-effectively.
The rug has been pulled out from beneath us. Doing things the same way we’ve always done them will no longer serve us, so we can’t simply put it back in its place. In fact, the definition of pulling the rug out from underneath someone is that doing so causes their plans to fail, because they have little recourse or time to respond adequately. It’s a fitting metaphor for the world’s supply chains, which have […].
Are you making an action plan of all the things you could do better and faster with your supply chain planning software when the next global crisis hits? The Coronavirus has demonstrated that the real world doesn’t play by the rules. The disruption we’ve seen in supply chain planning as a result of the pandemic is unprecedented. And as companies have learned the hard way, you can’t rely on the traditional planning models you’ve always used to get you through this new reality.
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
As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supply chain and other operational areas of the enterprise. Supply chain metrics and key performance indicators (KPIs) are sometimes a bit tougher to compile than sales metrics.
The COVID-19 pandemic made it abundantly clear that effective supply chain management is crucial to the success of a business. Moreover, it’s vital to the health of the global economy. The pandemic crisis had global ramifications felt throughout the entire supply chain, from raw materials to finished products, and for many companies, building the resiliency needed to weather such storms has become the #1 challenge of supply chain management.
The COVID-19 pandemic has exposed many risks and uncertainties in supply chain networks. Materials shortages , demand fluctuations and plan t closures have led many organizations to revisit their supplier relationships, as well as distribution and production locations. Evaluating different scenarios helps you gain much-needed network flexibility in these times of stress and can help you prepare for a resilient future.
Delivery man carrying cardboard boxes and loading them in a mini van. In my previous blog post , I talked about the factors that make last mile logistics one of the most complex and expensive parts of the supply chain. I also looked at DELMIA Quintiq Logistics Planner for the Last Mile , an out-of-the-box solution to optimize last mile planning. In this blog post, you’ll find out how this solution is uniquely suited to help meet your consumer expectations in a cost-efficient way.
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.
Over the last several years we have written about what the future of drones holds for supply chains. As technology has improved and regulations have eased, drones have increasingly made their way into the conversation around home delivery. However, there are still a number of obstacles to clear before this becomes a common option across the country.
New product introductions (NPI) are critical to any company’s success, but many of them never become household names. In fact, it’s estimated that up to 80 percent of new product launches in the consumer packaged goods (CPG) industry fail. Adding to this already uphill battle, we don’t have trustworthy new product forecasting methods because forecasting new products with no sales data is very hit-and-miss.
Each day through the COVID-19 pandemic, I tune into Anthony Cuomo’s (governor of New York) daily briefings. It is my break in the day. As a multi-tasker, when Governor Cuomo broadcasts, I use the time to work out on my rowing machine. His opening line is, “Let’s start with facts. While we all have opinions, let’s start by reviewing the facts.” When he says this, I smile and row harder.
Knowing that your distribution fulfillment strategy is working gives you a better insight into how your business is performing. This is important for reducing order fulfillment errors, improving your inventory management and remaining competitive. Supply chain leaders must learn to recognize the warning signs of risky fulfillment strategies, the indicators of success, and how to.read More.
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
Investment Will Fuel PINC’s Strategy to Become a Global Category Leader in Supply Chain Management Software. Union City, CA – June 16, 2020 – PINC, the leader in digital yard™ solutions, today announced that it has secured a significant growth equity investment from Accel-KKR, a leading technology-focused private equity firm. The investment will fuel PINC’s momentum in becoming a global category leader in supply chain management software through strategic acquisitions and a focused organic growt
Global manufacturing today faces significant operational challenges. Companies that were unable to meet these challenges have been left behind (for example, in High Tech think Blackberry and Compaq). The Industry Renaissance has transformed invention and production for the needs of today’s customers. How should manufacturers adapt to meet the challenges and shift from product-centric to customer-centric operations?
Transportation and coronavirus have been getting a lot of attention lately. The global supply chain is becoming more complex due to increased regulations, trade wars, cross-border commerce, and most recently, the impact of coronavirus. FourKites founder and CEO Matt Elenjickal shares his thoughts on transportation and coronavirus. The post A CEO’s Take on Transportation and Coronavirus appeared first on Logistics Viewpoints.
ToolsGroup extends congratulations to SKF, which edged out tough competition from other finalists Shell Lubricants and Siemens to win the 2020 Gartner Supply Chainnovator Award in the Industrial category. SKF’s use of a digital twin for analytics to support integrated planning demonstrated exceptional supply chain innovation. According to Gartner, “the Gartner Supply Chainnovator Awards is an annual research program that identifies, assesses and awards outstanding examples of Supply Chain Innova
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.
When I was six, my mother volunteered me for a new polio vaccine trial. It was risky, but my determined mother took a chance. She believed in science and patted my shoulder reassuringly as I rolled up my sleeve. During my toddler years, polio fear gripped the nation. Mothers, anxious that children would catch the disease swimming, kept families secluded indoors in the sweltering heat in the days before air conditioning.
Editor’s Note: Today’s article is from Sydney Wess with Clutch who gives us 3 reasons supply chain companies should be adopting digital payment options. Amid the global COVID-19 crisis, more and more consumers are seeking out methods of contactless, cashless payment. This isn’t surprising, especially given the recent suggestion from the World Health Organization (WHO).read More.
Today’s post is part of our “Making a Difference: Supply Chains for a Better Tomorrow” series that focuses on the supply chain capabilities that will separate the leaders from the laggards in the years to come. This episode features Greg Ackner, VP at Capital Logistics, Jay Gustafson, SVP of Marketplace Solutions at Echo Global Logistics, Read more Making A Difference: Capital Logistics, Echo Global Logistics, & Descartes.
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