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It’s fast-paced, it’s busy, it’s all things go, all the time. Inventory management is an around the clock operation and the pace isn’t slowing down. The way we shop has rapidly changed. This means the way we manage inventory has rapidly adapted as well. Just think about the most basic transaction of going into a brick-and-mortar store, paying at the counter and walking out with a product.
9 Golden Rules for Meaningful Supply Chain KPIs. In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs.
by Richard Cushing. In part one of “Regaining control: Inventory management best practices” , we talked about controlling inventory, before being able to competently manage inventory. With that in mind, let’s dive in to a few more inventory management best practices that will help you get the control you need to better manage your assets.
Software and supply chain technologies have become integral components of successful warehousing practices. Through a warehouse management system (WMS), a company can gain real-time insight into product location, movement, and inventory. However, optimizing your WMS to drive costs down and enhance product flow is not a small task. To ensure your supply chain technology and WMS are set up.read More.
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
Sometime in the last half of 2018, the transportation market began to soften. In what felt almost like overnight, finding capacity wasn’t as much trouble as it had been for so many long, challenging months. Spot rates began to decrease a bit. The phones started ringing again with carriers or brokers offering their services. The shift began, and in procurement we saw an increase in bid activity that has continued into 2019.
Consumers are buying products through many different channels the consumer goods supply chain has become more complex than ever before. The post Meeting the Omnichannel Challenge appeared first on The Network Effect.
Consumers are buying products through many different channels the consumer goods supply chain has become more complex than ever before. The post Meeting the Omnichannel Challenge appeared first on The Network Effect.
by Mike McAllister. As a supply chain planner of a certain vintage, you remember The Jetsons and likely recall George working for Mr. Spacely at Spacely Space Sprockets. While we can’t be sure what kind of supply chain planning system Mr. Spacely had in place to produce his sprockets, The Jetsons’ well-documented ability to predict the future – from large format flatscreen televisions to video conferencing and robot vacuums – provides a key indicator.
Listen to “The Application of Blockchain in Shipping & Freight: A Pragmatic & Frank Discussion” on Spreaker. Blockchain and The Digital Supply Chain Resources to Download Learn more about ShipChain Request a Demo of ShipChain’s Platform Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper Looking for a TMS for your OTR.read More.
As reported by Forbes last week, “ Flexport , a software-focused freight forwarder [founded in 2013] that helps businesses transport their goods to their point of sale, announced a $1 billion funding round led by SoftBank’s Vision Fund on Thursday, with existing investors Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and SF Express all participating.
According to EFT’s Supply Chain Hot Trends to Watch for in 2019 , one of the most significant trends that we should be paying attention to this year is automation. Industry players have already begun experimenting with technologies like robotics and artificial intelligence. Drones are already delivering packages , and self-driving vehicles are being produced and tested as we speak.
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.
Pizza deliveries jump 30 percent on Super Bowl Sunday. That kind of demand shift can give pizza makers fits, especially if they didn’t see it coming. Fortunately for the pizza companies, the Super Bowl date is publicized far in advance. But what if every pizza shop in America all of a sudden asked a single pizza oven manufacturer to build and ship an extra oven per shop?
Software and supply chain technologies have become integral components of successful warehousing practices. Through a warehouse management system (WMS), a company can gain real-time insight into product location, movement, and inventory. However, optimizing your WMS to drive costs down and enhance product flow is not a small task. To ensure your supply chain technology and WMS are set up.read More.
Industry 4.0 is the popular name given to the fourth industrial revolution ushered in by the digital age. Analysts from the Boston Consulting Group (BCG) explain the first three revolutions were driven by steam, electricity, and automation. They write, “Industrial production was transformed by steam power in the nineteenth century, electricity in the early twentieth century, and automation in the 1970s.”[1] The fourth revolution is being driven by data.
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
How a modern yard management system (YMS) can help companies improve operational efficiency, increase supply chain visibility, and optimize their assets.
Subscribe Here! Email Address. To Centralize or to Decentralize? That is the Organization Design Question! Article, and permission to publish here, provided by Sunita Singh at [link]. Right after demonetization, another big thing that came to India was the implementation of GST (Goods and Services Tax). The sudden rise of the goods and service tax, despite getting a negative impression from some, actually reformed the Indian economy in a much better way.
Reading today’s headlines one might conclude the Internet of Things (IoT) — sometimes referred to as the Industrial Internet of Things (IIoT) — is a mature technology providing organizations with valuable and reliable service. One would be wrong. The IoT remains in its infancy and suffers the occasional growing pain. A couple of years ago, a Cisco study found, “Nearly 60% of IoT initiatives stall at the Proof of Concept stage and only 26% of companies have had an IoT initiative that
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.
For supply-chain partners, blockchain technology promises an immutable record of provenance, as products pass from hand to hand. And which industry stands to benefit more from that capability than luxury goods?
Industry 4.0, the name given to the Fourth Industrial Revolution involving robotics and artificial intelligence (AI), must be supported by Supply Chain 4.0. But what does Supply Chain 4.0 involve? The fact we live in the digital age should provide the biggest clue. Jennifer Overstreet, Director of Digital Content at the National Retail Federation, reports Li & Fung, CEO Spencer Fung, told participants at a 2018 NRF conference, “The supply chain will become faster, digital and more inno
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.
When a company is aiming simply for continuous improvement, supply chain analysis is imperative. This is because the supply chain can make or break the business in terms of its ability to maintain the supply of product or services to their customers. And let us face it, without that, there is no income and no business. So how can you improve your supply chain to have positive knock-on effects throughout the company?
ShipChain , the blockchain-based end-to-end logistics startup, has announced the integration of its platform with Scandinavian logistics company Scanlog , to help with the track-and-trace of Scanlog’s freight moving across the company’s global logistics network. The importance of transparency in supply chains can never be stressed enough, with businesses that deal with cargo movement across international borders particularly interested in having eyes on their freight in real-time.
In our busy, technology-driven lives we’re apt to forget the importance of face-to-face interactions and how much we benefit from engaging with colleagues or industry peers in person. But in fact, because of the deluge of information available online, conferences are becoming more important than ever before. Plus, when you hear something first-hand it is far more likely to stick with you than anything you’ve watched or read.
Retail has a serious problem with eCommerce returns. At least 30% of all online purchases are returned, compare that to 8.89% of in-store purchases. Surprising? Not if you’re in retail. More retailers are running into a surge in returns in our unified commerce environment than ever before and fashion brands are feeling the effects the most. Returned or exchanged products mean incremental supply chain costs and often products that can’t be resold at full price due to wear and tear or seasonality.
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.
The global ERP market is set to grow to $42 billion by 2020. As research indicates 1 , an increasingly competitive market compels organizations to adopt ERP solutions in order to keep pace with their competitors. The demand for ERP software is expected to grow rapidly. As small and midsized manufacturers (and businesses in general) grapple with out of control business processes, caused in part by the disconnect between accounting and plant floor operations, the need for a single view of organiza
The shopping habits of millennials and Gen Z have changed the way brands sell their products; experiences, e-commerce pop-ups and personalization are dominating retail. But these consumers also value sustainability and ethical business practices, which many brands have been slower to address at the risk of lowering margins. Permalink.
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