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This article describes the five most common fallacies surrounding supply chain management. Some of these are fallacies that have been around a long time and never seem to go away. Others are more recent in origin. The post The Most Common Supply Chain Fallacies appeared first on Logistics Viewpoints.
John Glenn became the first American to orbit the Earth on Mercury-Atlas 6 on February 20, 1962, just a few days after I was born. I grew up watching the Apollo Space Program launches including the six launches that sent humans to the moon and back. Like many kids back then I dreamed of being a test pilot and an Astronaut. I partially achieved that dream by becoming an Aerospace Test Engineer and working at Edwards Air Force Base where many of the early test flights by Chuck Yeager, Scott Crossf
As the (U.S.) economic expansion enters its ninth year, supply constraints are showing up in supply chains. The Wall Street Journal recently advised “In the battle for economic supremacy, investors should quickly be realizing it’s increasingly about supply, not demand.” ( The Next Challenge for Global Growth: Keeping Up With Demand , April 24, 2018 ).
The demand for seamlessness in omni-channel supply chains increases more as time progresses. Companies are looking for ways to stay competitive and meet the demands of their customers. In reality, this means keeping costs as low as possible and still offering more products across more devices and shopping options. Thus, the demand for warehouse management systems (WMS) has increased, but how do companies distinguish the best-of-breed WMS solutions?
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
Tesla Chief Executive Elon Musk dodged questions from financial analysts about the electric car maker’s condition last week on its earnings conference call. Musk refused to answer questions on Tesla’s capital requirements, saying “boring questions are not cool.” The Business Insider reports that Cowen analyst Jeffrey Osborne dubbed Wednesday’s call, in which Musk talked of “barnacles, flufferbots, and bonehead bears,” surreal.
by Teresa Chiykowski “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” — Charles Darwin. Well said, Mr. Darwin. As the world changes around us, so must the supply chain. That’s why we invite RapidResponse users to join us from October 14-17, 2018 for Kinexions ’18 at the Gaylord National Resort & Convention Center in National Harbor, MD.
by Teresa Chiykowski “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” — Charles Darwin. Well said, Mr. Darwin. As the world changes around us, so must the supply chain. That’s why we invite RapidResponse users to join us from October 14-17, 2018 for Kinexions ’18 at the Gaylord National Resort & Convention Center in National Harbor, MD.
There are many buzzwords in the supply chain and logistics industry today, and perhaps there’s none bigger than “Big Data.” Everybody talks about it, but what does Big Data really mean? When it comes to leveraging Big Data effectively in your organization, where do you begin? How do you apply it and what are the challenges and benefits? Those are some of the questions I discussed with Bob Daymon, Senior VP of Operations at Transplace , in a recent Talking Logistics episode.
Transporting pharmaceuticals is arguably more important than manufacturing them, because it enables these lifesaving medications to make it to where they are needed most. Shipping these products requires an extra level of care to ensure the products make it to their destination. When transporting pharmaceuticals, how can logistics workers do it safely , and what precautions are necessary for things like temperature control and to guard against theft?
Historically, we talked about warehouses as being manual or highly automated. Manual warehouses are more flexible. Highly automated warehouses have much higher throughput, but their lack of flexibility adds risk. Parts Town has an automation solution called AutoStore that increased throughput but will also flex up to support Parts Town's strong growth.
The circular economy is gathering momentum: In the future this model will, for example, mean that smartphones will not be sold and consumed anymore, but companies like Apple and Samsung will then keep scarce resources and sell a smartphone service to users instead of a product to consumers. These users will then be required to bring back the phone after a specified amount of time.
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.
My wife often jokes that she is the VP of Supply Chain and Logistics in our family. But it’s no joke, it’s true. Whether it’s preventing out-of-stocks of critical household items or making sure the kids are delivered on time in full to wherever they need to be, she keeps our supply chain running as efficiently as possible — while doing her day job too!
Transformation is coming to your supply chain and according to most industry research, most CEOs and executives believe their supply chain will be substantially or unrecognizably transformed by 2020. That is less than two years from now. There is no doubt that most companies could benefit from a quicker and smarter supply chain that automates the routine, fully engages around event-based opportunities and actively mitigates the risk of disruptions.
I am writing this post from Orlando, FL, where I am attending JDA Focus 2018. The theme of the conference was “Expectations. Fulfilled.” and based on some of the new product strategies that were announced, it seems to be an appropriate theme. The big news from the conference was the launch of the JDA Luminate Platform, a connected platform that combines next generation digital technologies with product enhancements to JDA’s core solutions.
As I noted in Part 1 of this article, supply chain risk managers have plenty on their minds to keep them up at night; but, cybersecurity risks surely cause their share of night sweats. One reason for their concern is that many cyber vulnerabilities lie outside of their control. A report by two British agencies, the National Cyber Security Centre (NCSC) and the National Crime Agency (NCA), concludes, “[Criminals are increasingly] capitalizing on the gateways provided by privileged acces
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
It’s both an interesting and rather chaotic time in the intermodal market. The electronic logging devices (ELD) mandate is in full effect, and there have been some widespread market changes as a result. For carriers, with the new ELD regulations come subsequent training needs and changes to drivers’ hours – creating a number of additional costs, which are in turn being passed along to shippers.
We are thrilled about presenting a session with Arkieva customer — Lush Handmade Cosmetics. The session that focuses on how Lush delivers a unique brand experience also discusses how effective demand planning solutions help with creating that experience. Last year we created the 2017 Gartner Supply Chain Conference list of Must-Attend Sessions. To continue along that tradition, here is the list of Must-Attend sessions at the Gartner Supply Chain Conference this year. 7 Must-Attend Sessions at Th
Supply chain risk managers have plenty on their mind to keep them up at night. With the European Union’s General Data Protection Regulation (GDPR) coming into effect, cybersecurity risks have suddenly risen in importance. Cybersecurity hasn’t exactly been on the back burner for risk managers, but penalties associated with GDPR violations are severe (companies could face penalties as high as 4% of global annual revenue or €20 million, whichever is higher).
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.
Analytics can help wholesale distributors maximize profits, but it isn’t just about gaining insights from the data. It’s only those distributors who use the data to reveal where the inefficiencies are (and then act on fixing these problem areas) that truly thrive. Thanks to advanced business intelligence applications that incorporate supply chain-centric analytics , distributors are now able to truly understand their channels on a line-by-line basis, which can lead to better decisions and ultima
As digitization expands across nearly every industry, organizations continuously seem to find themselves one step behind when it comes to maximizing the new opportunities that digital solutions make available to them and their customers. As internet connectivity and smart devices continue to produce more data than ever, many brands are struggling to translate the vast […].
Nearly two decades ago, the business world was in the midst of the dot.com bubble. E-commerce was just getting it legs and new business models were being developed. People were so intrigued with the rapid changes in the business landscape they virtually forget the importance of traditional business fundamentals. As a result, the dot.com bubble burst and a new term was born — irrational exuberance.
Tariffs will have a major impact on your supply chain, margins, and operations. Drawing on our work with global companies across manufacturing, automotive, pharmaceuticals, semiconductors, software, technology, financial services, and a range of service industries, we outline the key strategic and tactical actions companies are taking to navigate this period of heightened uncertainty.
In a recent survey, 40 percent of surgeons admitted to having cancelled a case due to a lack of available supplies. What inefficiencies need to be addressed in the healthcare supply chain to make sure this kind of thing doesn’t happen? In the pharmaceutical industry, supply chain disruptions can mean the difference between life and death for patients whose survival depends on consistent, timely access to the right medications and medical supplies.
The Halal food supply chain is highly complex and requires trading partners to adhere to rigorous product segregation practices. All too often, however, these practices are not rigorous enough, causing failures that have eroded consumer trust. Enter blockchain: a technology designed to engender trust with an immutable, tamper-proof database of product flows.
Although professionals often excel at their own job responsibilities, many only have a vague idea of what their colleagues’ jobs entail. As supply chains become more intricate and entwined, it’s helpful for supply chain professionals to understand the responsibilities and pressures their business counterparts face every day.
There has been a lot written about blockchain technology this past year as people realize its potential goes far beyond use in cryptocurrencies. When it comes to the technology, both the blocks and the chain are important. Shanmugasundaram Murugesan, Associate Director of Happiest Minds Technologies, explains, “Blockchain technology is all about tracking a transaction from the start until the end, and all the nodes in the network register and update themselves with the status of transactio
Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. The reason for its rise? AI increases teams’ productivity by predicting and automating actions that require manual effort. In other words, the research that takes reps hours, AI can do in seconds. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data.
In a world where market trends are fast-evolving and unpredictable, companies must be able to respond to disruptions and changing customer whims on a dime. This requires the ability to flexibly reallocate inventory based on demand, and quickly locate component alternatives when supplier issues arise. But as their operations grow more fragmented across the globe, businesses are stuck with rigid inventory management and ordering systems that aren’t designed to react to rapid demand shifts.
Testifying on blockchain, Douglas Maughan of DHS, said while technology is promising it must support standardized approaches for security, privacy and data exchange. On May 8, Douglas Maughan, cybersecurity division director of DHS’s Science and Technology Directorate, testified in front of the House Science, Space and Technology subcommittee on the use of blockchain technology in the supply chain.
| By Sanjiv Raman | Senior Manager, Integrated Demand & Supply Planning | Chainalytics | In my last blog, “What’s Holding the S&OP Process Back?,” I highlighted seven key reasons why organizations commonly fail to reap the full benefits a well-developed S&OP process can deliver. I also pointed out how the ever-evolving business environment will … The post What’s Holding the S&OP Process Back, Part Two: Establishing a Business Efficiency Planning Process
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