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Collaboration and information sharing are at an all-time high in our industry between producers, buyers, associations and allied organizations. Personally, I find myself hungrier for information every day than I ever have been. And, I find that information is being shared more freely than I have ever seen in my career, to the point where I am struggling with where to put it all, how much to retain, and how it all works together to help move us forward into this looming new normal.
Up until now, investing in shipment tracking solutions was like buying travel insurance - it was usually purchased in the last step of the transportation contracting process. Much like insurance, you would add it at the last step in the cart as an optional item when purchasing your air ticket, and often only if the firm had previously bitter experiences.
Over the past decade, companies of all shapes and sizes have shifted to digital business models. Many have had to completely rethink the way they buy goods and services, which has lifted procurement as a theme up the organisational hierarchy. It’s no longer seen as a backwater for underperforming employees, a place where suppliers get squeezed and invoices rubber-stamped and little else.
Rapidly deploy tactical initiatives to save money, improve service levels, and compete. On February 17, 2020, enVista had the pleasure of speaking amongst hundreds of supply chain professionals at the Omnitracs Outlook Conference, where we kicked off the morning with a presentation on trends in transportation management. This was a discussion, not about the mega-trends or macro-economic forces, but rather internal IT, operational, and tactical initiatives that clients are deploying to save money
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
The throes of COVID-19 remain an unprecedented challenge for supply chain management. However, the traditional concerns of efficiency within the supply chain continue to set the standard for operational efficiency. C-Suite executives have their minds focused on the need to serve customers and maintain safety, and organizations across the globe continue to implement more strategic.read More.
My left arm hurts. I have been on a waiting list to get the shot for three years. This week, I rolled up my sleeve and got the Shingrix vaccine. Glaxo SmithKline introduced Shingrix in 2017, but shortages prevailed. I paused when the pharmacist asked, “Do you mind which arm gets the shot?” I replied, “Isn’t it all the same?” However, two hours after getting the shot, my arm throbbed and turned red.
My left arm hurts. I have been on a waiting list to get the shot for three years. This week, I rolled up my sleeve and got the Shingrix vaccine. Glaxo SmithKline introduced Shingrix in 2017, but shortages prevailed. I paused when the pharmacist asked, “Do you mind which arm gets the shot?” I replied, “Isn’t it all the same?” However, two hours after getting the shot, my arm throbbed and turned red.
Supply chains around the world are struggling as they face major shifts to production, the movement of goods, modes of transport, and the people who keep everything running.
Let’s start by busting a myth about Corporate Social Responsibility (CSR): it’s a feel-good movement recently started by millennials. Not true! CSR gained momentum in the late 1950s with the expansion of large corporations and became a popular subject in the 1980s, covered extensively by Peter F. Drucker and others. In the wake of the financial crisis of 2008–2010, CSR again became a focus for evaluating corporate behavior.
Learn: How a product is determined to be replenishable. How to measure instocks. What “in pipe” means. What pack sizes are and how they affect your replenishment. In last month’s post, we went over Replenishment 101: What is Replenishment? This month, we thought we’d dig in a little deeper and look into monitoring store-level inventory. Traited and Valid.
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.
Because of the pandemic, risk management surrounding sourcing has become top of mind. One best practice in this area is to identify and qualify alternate suppliers. Companies need to ensure they have alternate sources of supply that can ramp up to the volumes needed. This best practice urges companies to examine not just the cost of the sourced products, but also to understand the risks associated with not multi-sourcing key components.
In the face of the COVID-19 crisis, production and planning processes have become subject to a level of stress unprecedented in recent history. Many manufacturers depend on impacted networks for their supplies and the strain on planning organizations is jeopardizing business continuity. What are some of the ways that manufacturers might improve their resilience, to address the crisis today and also to prepare for the recovery and the future?
Supply chain data is critical to the planning function. Our recent Planning Maturity Assessment shows that 4 5 % of organizations are satisfied with their data quality, to some degree. 31% a neither satisfied nor dissatisfied. 21 % are dissatisfied , and 3% are very dissatisfied. The fact that more than half feel “neutral” or dissatisfied shows data quality is a considerable pain point.
Supply chains across the globe need a better mousetrap to keep freight spend under control and efficiently manage freight. And, investment statistics reveal an increasing trend for more technology to enable multi-modal shipping and the application of big data analytics to increase scalability, flexibility, and demand-driven management decisions. According to a 2017 survey of supply.read 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
14 seconds. That’s how long it took me to suck 10 raisins into a cup using a straw. I easily defeated everyone else in my family. Unfortunately, when it came to the other ten events in our Family Olympics (which included soccer juggling and drawing a 6-foot line with chalk on our driveway), I was. Read more Above the Fold: Supply Chain Logistics News (May 1, 2020).
Sustainability has been a hot topic in supply chain and manufacturing circles lately. Earlier this week I saw an article about Taylor Guitars, one of the world’s most well-known makers of acoustic guitars, and how it has been looking at alternatives to using exotic wood for its instruments as regulations around the use of exotic wood has tightened. So now, when customers buy a new Taylor guitar, it may not be made from exotics wood […].
Adding automation to supply chain planning enables planners to be more productive and improves supply chain performance. By freeing up time formerly spent on manual tasks, planners are able to focus on more creative work, while increased visibility reduces silos within organizations. Read what ToolsGroup customers have to say about how AI technology has helped them be ready for anything.
Collaborative logistics is the future (and the now) of successful, risk-managed logistics and supply chain management. There is no greater demand than what market forces, competitors, and Black Swan supply chain events 3PLs and freight brokers have to meet the challenges shippers face. Carriers are struggling to remain profitable. The industry is dealing with a.read More.
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.
COVID-19 is the largest crisis in recent history, impacting us all economically, physically, socially and politically. Everyone will play a role in helping our world achieve a new normal. As business leaders, we can celebrate the success of an adaptable supply chain, but also expose and acknowledge areas of supply chain improvement such as collaboration.
Recently , a colleague recounted a new consulting job he had undertaken a few years back. The client was struggling to make a large enough profit, which was threatening to derail their business expansion plan. This revolved around moving to a larger facility as they had outgrown their existing warehouse. The client perceived the problem as a lack of sales and wanted my colleague to look at ways they could increase revenue in order to fund the expansion. .
Supply chain data is critical to the planning function. Our recent Planning Maturity Assessment shows that 4 5 % of organizations are satisfied with their data quality, to some degree. 31% a neither satisfied nor dissatisfied. 21 % are dissatisfied , and 3% are very dissatisfied. The fact that more than half feel “neutral” or dissatisfied shows data quality is a considerable pain point.
Last mile service might have finally reached a point where it is more important than even freight delivery to the brick-and-mortar stores. It’s rapidly becoming the most frequent interaction between people and the supply chain during the COVID-19 pandemic, and as last mile deliveries skyrocket in volume, drivers are on the frontlines, says Mike Antich.read More.
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 these uncertain times, companies are turning to technology to help them comply with social distancing rules and to keep their workers and drivers safe in any conditions. The global pandemic has thrown manufacturers, distributors, and retailers into a mode that most have never experienced before. While social distancing rules, shutdowns, and high demand for certain product groups are top-of-mind right now, employee and driver safety should also be factored into an organization’s overall pandem
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.
Union City, CA – April 27, 2020 – PINC, the leader in digital yard solutions, has been recognized by Inbound Logistics magazine as Top Logistics IT Provider in 2020 because its solutions address critical logistics and transportation needs and help organizations to truly become demand-driven enterprises. Every April, Inbound Logistics editors recognize 100 logistics IT companies that support and enable logistics excellence.
The solutions that have worked in the past — increasing inventory, adding capacity at different locations and diversifying suppliers — are just scratching the surface when it comes to having a truly resilient supply chain.
Global supply chains are growing and transcending traditional borders. As businesses continue to expand, outsource, and enter new markets, supply chains will continue to increase in complexity. While there are several noteworthy benefits associated with globalization , the downside is the difficulty in ensuring that all supply chain functions and partners are working together harmoniously.
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