Sat.Apr 20, 2019 - Fri.Apr 26, 2019

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KPIs That Purchasing Executives Need

Silvon Software

Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble. There are many valuable metrics that can help you better assess your company’s performance at the sourcing / procurement level.

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Three common weaknesses in supply chain

Supply Chain Trend

In a recent Forbes article , three common supply chain weaknesses are highlighted: Being reactive rather than pro-active. Lack of visibility. Lack of accountability. The behavioural weaknesses – lack of pro-activity and accountability should be no surprise to me or the readers of my blog. As t he S&OP mindset study I conducted with Supply Chain Movement in 2017/2018 show similar results.

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What are You Doing to Control Spend?

EC Sourcing Group

Controlling spend is normally a top priority of procurement executives. I routinely ask this question: “What percent of spend flows through your systems?”. Under 50% is a common response. In studies that I have read, the best companies in the world have about 65% of spend under management. I believe the primary reasons fall into two categories: Systems in place.

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Quick Start Guide to Using Machine Learning for Demand Planning

ToolsGroup

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. weather, social media). The good news is that these characteristics make demand planning a perfect fit for artificial intelligence solutions.

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4 Ways To Drive Supply Chain Excellence in the Food Industry

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.

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Head Scratcher

Supply Chain Shaman

Sweat ran uncomfortably down my back on a hot day in Dallas. On the run attempting to balance back-to-back meetings, client commitments and start a new business, I was late for a dinner appointment. As I hurriedly took my seat, I faced John, now a newly promoted principal at a major consulting group. He was my client for over seven years in my prior role as a Research Analyst at AMR Research (now Gartner.

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Enabling the Autonomous Supply Chain

The Network Effect

It’s difficult for us today to imagine the relentless backbreaking labor and the ever-present threat of disease and death that. The post Enabling the Autonomous Supply Chain appeared first on The Network Effect.

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Last Mile Shipping Success Requires a Holistic Approach

Talking Logistics

Crowdsourcing apps, same-day delivery, and ecommerce trends continue to impact last mile delivery expectations. With this ever-changing landscape, cost-effective management of the last mile has become a challenge that needs a broader view. Last mile home deliveries were once considered special handling services because they were infrequent and required special considerations to deliver a product to a consumer’s home.

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Seeing the Future with Predictive Analytics

Enterra Insights

Humans yearn for a glimpse of the future. This yearning is why people visit oracles, study the stars, consult shamans, get their palms read, stare into crystal balls, turn over tarot cards, and/or study the writings of seers like Nostradamus. Business leaders are not immune to this compulsion; but, their methods for divining the future are different.

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Fast Steps to E-Commerce WMS Success

GlobalTranz

Demands of consumers are expanding, and the capabilities within an e-commerce WMS will empower supply chains with more data and ways to connect to consumers. Supply chain leaders that wish to stay competitive with Amazon and Walmart need to understand the challenges of e-commerce and the steps necessary to guarantee e-commerce WMS success, such as.read More.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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For Cummins, PINC Yard Management System is a Game Changer

PINC

Bridget McCrea, editor at Logistics Management Magazine, brings to life an very interesting story about how trailer yards have become a vey important part of inventory visibility across the supply chain. To illustrate her story, she writes about Cummins, Inc. and how PINC Yard Management System was a game changer for the heavy manufacturing company.

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Top Talking Logistics Posts & Episodes (Q1 2019)

Talking Logistics

Based on the top Talking Logistics posts and videos this quarter, it’s clear that transportation management remains a hot topic of interest — everything from how to navigate the twists and turns of the market to how to leverage transportation management systems (TMS) and emerging technologies to drive continuous improvement. Even our most popular post, which dealt with excess inventory and yard management, had a transportation bent to it.

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Walmart again Raises Chargeback Stakes

Enterra Insights

Walmart recently made headlines when it toughened delivery demands for its suppliers. Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. … Walmart also is changing how it penalizes suppliers when they make partial deliveries, an effort to make sure products are on shelves when needed, a parti

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Never Ending Journey of a Private Label Manufacturer

Logility

I Love You, You’re Perfect, Now Change. A few years ago I saw the Off-Broadway musical, I Love You, You’re Perfect, Now Change. This simple but hilarious musical follows couples through stages of their relationship from dating, to marriage, to raising children and into the twilight years. The final scene highlights that an underlying feature of successful relationships is change.

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Freight Procurement Simplified: Bids from Hours to Minutes

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

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The Advantages and Benefits of Transportation Management Systems (TMS) *Infographic*

Kuebix

Challenges like the driver shortage, capacity crunch, increased final mile delivery expectations and rising freight prices have shippers looking for ways to improve their supply chains. The solution to these problems is to implement a transportation management system (TMS). A robust TMS can speed up logistics operations, reduce waste and improve the company’s bottom line. […].

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This Week in Logistics News (April 22-26, 2019)

Talking Logistics

Have you seen the video of the chimpanzee using Instagram? Here it is in case you missed it: Here's a video of a Chimpanzee using Instagram. It's eye-opening. [link] pic.twitter.com/d9AjhfPNN1 — Daniel Sinclair (@_DanielSinclair) April 25, 2019. Honestly, this depressed the heck out of me. All of us, with smartphones in hand, swipe and click, swipe and click, mindlessly turning into chimpanzees.

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Getting Confused about Supply Chain Planning?

Enterra Insights

We all know planning is important. Benjamin Franklin once declared, “By failing to prepare, you are preparing to fail.” While that concept seems straight forward, supply chain planners are faced with a constellation of articles talking about sales & operations (S&OP) planning, demand planning, integrated business planning, periodic planning, continuous planning, concurrent planning, and the list goes on.

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Global Fulfillment: Supply Chain Management for Global Business

ModusLink Corporation

After companies have secured a steady foothold in the domestic market, it’s time to consider the next strategic growth step: which, for many, is expanding the company’s reach globally. With so much to gain, companies must make sure their business infrastructure is ready to scale—especially the supply chain. Outsourcing supply chain management is a vital […].

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How to Master Product Portfolio Management

Pursuing product portfolio management excellence empowers organizations to unlock the full potential of their offerings. This comprehensive guide unveils 10 essential keys that serve as the building blocks for success.

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6 Ways to “Go Green” With Supply Chain Technology

Kuebix

Sustainability initiatives and efforts to “go green” are trending through every industry and many are focusing on the supply chain. There are innumerable reasons why companies are prioritizing sustainability. These reasons range from everything from worries about climate change, the need to save money and streamline operations, to increasingly eco-friendly customer bases and the need to […].

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Three Ways Material Handling Equipment Is Changing with Rise of E-Commerce

Talking Logistics

As online sales become increasingly popular, the growth of e-commerce has impacted every part of the supply chain, and material handling equipment (MHE) and fleet services are no different. With more and more brands looking to develop their e-commerce capabilities, their needs for moving and handling inventory are shifting as well. For companies to meet the rising demand for direct-to-consumer orders, MHE offerings must become more innovative.

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A Look at Global Risks to Supply Chain

Material Handling & Logistics

"Increased exposure to labor exploitation, terrorism, corruption and natural disasters must be a consideration for companies making changes to their supply chain, and best practices must be maintained in order to prevent threats to business continuity," says BSI.

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26 warehouse pros reveal the most important factors to consider when moving to an automated warehouse

6 River Systems

The world of logistics is increasingly driven by technology , with artificial intelligence, big data, the Internet of Things (IoT) and automation among the biggest logistics trends today. As warehouses embrace technology to optimize the supply chain and reduce fulfillment costs , many companies are considering making the move to an automated warehouse.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Warehousing News Roundup: April 22, 2019

Stord

The use of predictive analytics in supply chain operations rose by 76% from 2017 to 2019 , according to survey data. 30% of respondents said they were using this technology today, compared to just 17% two years ago. This number will likely increase going forward – 57% said they aren’t using predictive analytics now, but plan to in the future. Warehouse construction in the United States finally outpaced demand over the past three months.

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Beyond the Go-Live: Providing Ongoing Value in Vendor-Customer Relationships

Talking Logistics

Companies invest considerable time and effort putting together request for proposals (RFPs) for software solutions, evaluating different features and functions, and ultimately selecting a solution. But what happens after the initial implementation and go-live is completed? How does the vendor-customer relationship continue to deliver value? That’s the main question I discussed with Stacie Vroman, Business Product Owner at BluJay Solutions , in a recent episode of Talking Logistics.

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Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Over the past several years, f ew topics have been as critical for global corporations as sustainability – investors, consumers, executive teams and other organizational stakeholders have realized that corporate responsibility doesn’t just build a better world, but also drives financial value.

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Put an End to Data-Management Woes in Your Supply Chain With MDM

Supply Chain Brain

As supply-chain design and management struggles to live up to modern-day business imperatives, enterprise decision makers have turned their gaze toward the inefficiencies plaguing it.

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What Makes a Warehouse Worker Happy?

The 2024 Newcastle Systems Worker Satisfaction Survey provides insights into the life of a warehouse worker and what matters to them.

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5 Reasons That 3PL Companies are Looking for Blockchain Technology Partners

Shipchain

Shippers have traditionally turned to third-party logistics providers (3PL) to augment their logistics strategies. However, recent developments in the supply chain and globalization of the supply chain have triggered a surge of value-added services. Instead of merely providing logistics management and expansion of available capacity, today’s 3PL offers a whole host of additional services, including freight invoice auditing, claims management, warehousing and more.

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Fulfillment Center vs. Warehouse: How to Know Which Is Right for You

Veridian Solutions

The world of supply chain processes is evolving. The days of handling all needs in a warehouse are both inefficient and fail to meet customers’ basic expectation for omnichannel service. Supply chain leaders faced with the prospect of evaluating the use of a fulfillment center vs. warehouse need to understand the challenges in making a strict decision, their differences, and how to choose the right fulfillment facility for your organization’s needs.

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Consumer Shopping Preferences are Driving Changes in The eCommerce Sector

Unleashed

In the last few years, the eCommerce sector has seen a shift in what drives buyer behaviours. Where previously consumers looked for quality packaging and fast delivery, they are now prioritising convenience, experience and quality when making online purchase decisions. The ever-changing perspectives on how consumers shop and interact with your brand are the reason there is a major push towards omnichannel strategies for businesses.