This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
We talk a lot about digital transformations and how vital they are to stay ahead. But transformations are about more than staying technologically up-to-date and relevant, they’re about adopting a new mindset and revolutionizing the way you do business. From practical guidance to contemplating the bigger picture, here are a few quick tips from those who have proven to know what they’re doing.
Will a Chinese company become your biggest competitor by 2025? This fall ToolsGroup was pleased to attend our Nordic partner Optilon’s annual Supply Chain Conference. Danish journalist Christina Boutrup’s keynote presentation provided a fascinating look into Chinese business and technology culture. This article summarizing Christina’s talk was published in Intelligent Logistik magazine by Klara Eriksson.
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
Doug Keeley, Product Marketing Manager, Ivalua. If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. That leaves the vast majority of companies and teams in the middle – and each one of them is working hard every day to be as good as they can given their current priorities, challenges and resources.
The supply chains have been here since humans began producing and supplying products to each other, but, unbelievably, these have gone for years without significant changes.
The supply chains have been here since humans began producing and supplying products to each other, but, unbelievably, these have gone for years without significant changes.
As 2019 comes to an end, Brexit remains in the news, with the deadline pushed out once again to January 31, 2020. It’s been a roller coaster ride the past three years, but one thing has remained the same: supply chain leaders have had to deal with the ongoing risks and uncertainties caused by Brexit. Read more Preparing for Brexit: What Supply Chain Leaders Need to Know.
An aspiration is a hope or an ambition of achieving something. Another way of stating that is aspiration is desire mixed with reality. At the moment, blockchain technology seems to fit into the aspirational category. Roberto Torres ( @TorresLuzardo ) reports, “In its 2019 Hype Cycle for Blockchain Technologies, Gartner found most blockchain technologies remain stuck in an ‘experimentation mode.’ The analyst firm said most applications are yet to live up to their hype, and that
During a recent dialog with a Vice President of Supply Chain for a major U.S. retailer, I had the opportunity to ask an important question. I asked how much of that Vice President’s time was spent on truly strategic supply chain planning projects vs tactical firefighting of supply chain disruptions. By the look on his face it was clear that I had touched a nerve.
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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Disaster Strikes!!! Is Your Supply Chain Ready To Recover? Article provided to Supply Chain Game Changer by, and permission to publish here provided by, Aimee Laurence. Having a productive and efficient supply chain is very important for a business. In supply chain management, it is essential to keep all unnecessary costs mitigated.
It's time to ditch those outdated tactics. Supply chains tend to be large and unwieldy, and that leads many companies to avoid updating their supply chain entirely. But with new competitors constantly coming on to the market, companies have to keep their supply chain current. Here's where to start. Updated Technology is the Key to Better Supply Chain Management.
Reassess Your Supply Chain to Increase Efficiency and Sustainability. By Ali Hasan Raza. Published November 25, 2019 in TWEAK YOUR BIZ. Sustainability is a philosophy, not an endpoint. Companies should always be striving to become more efficient and less wasteful instead of assuming they’re already as sustainable as they want or need to be. There’s always more progress to make, and there are real consequences for coasting on existing accomplishments.
Not complying with your purchasers’ OTIF requirements can be very costly, and result in hefty fines. For example, Walmart fines its vendors 3% of the cost of goods sold if the order fails OTIF requirements. In 2016, Target stores increased their OTIF penalties to 5% of the order cost, five times what it previously was. That kind of money adds up!
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
Retailers are being taken for a ride by consultants and software companies who use the term artificial intelligence (AI) as a strategy to promote their products and charge higher fees. This practice has overcomplicated the process of buying and deploying new technology. Retailers need clarity. There — I’ve drawn a line in the sand. Gartner’s “2019 CIO Agenda” survey reveals that the number of companies implementing AI grew from four percent to 14 percent in the past 12 months.
Supply chains are getting leaner, faster and more efficient every year. In order to keep up with rising customer expectations, increasingly complicated shipping processes and growing business, many shippers are turning to ERP integrations to give them a leg up on the competition. Integrating a transportation management system (TMS) like Kuebix TMS with an ERP […].
I recently wrapped up my Supply Chain Collaborative Networks (SCCN)market study which looks at the total size of the market, the forecasted growth through 2023, and the leading suppliers across a number of categories including industry, region, and customer size. The study includes a holistic view of the SCCN outlook. Supply Chain Collaboration Networks are a collaborative solution for supply chain processes.
Fixed Assets and Accounting: Much More than a ‘Nice to Have’. Honestly, fixed asset management and the related accounting is a rather dry subject – unless you are a CEO, CFO, COO, VP of Finance, VP of Manufacturing or Fixed Asset Manager at a manufacturing company. While often overlooked, if something goes wrong; if fixed assets are stolen, unused, improperly maintained or inaccurately accounted for, the negative business impact can be enormous.
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.
According to The Economist , “The world’s most valuable resource is no longer oil, but data. … Smartphones and the internet have made data abundant, ubiquitous and far more valuable. Whether you are going for a run, watching TV or even just sitting in traffic, virtually every activity creates a digital trace — more raw material for the data distilleries.”[1] Yossi Sheffi ( @YossiSheffi ), the Elisha Gray II Professor of Engineering Systems at MIT, agrees with that assessment.
Third-party logistics providers, or 3PLs, provide outsourced services to help a business manage all or parts of its supply chain and logistics operations. These 3PLs offer services to manage order management, warehouse services, fulfillment management, packing, shipping and 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.
Alex Saric, CMO, Ivalua. In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Achieving best-in-class is a worthy goal, but should be viewed as an interim one rather than the ultimate objective, at least as typically measured. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage.
Supply-chain inefficiencies are having a huge impact the world round. In the UK alone, they cost businesses at least US$1.9 billion annually in lost productivity.
How often have you wished you could glance into a crystal ball and see the future? If we could know the outcomes of today’s decisions, we would be better equipped to make them. The late Mahatma Gandhi once said, “The future depends on what you do today.” He was correct. Business leaders must constantly make decisions and the better decisions they make the better the outcomes.
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.
Jon Stevens. President. Jon is the President of the JLL Digital Businesses. Jones Lang Lasalle is one of the largest commercial real estate and wealth management companies in the world. JLL Digital is a cloud software company focused on bringing innovation to the industry to improve how companies manage properties and advise clients on investment strategy.
Nowadays, it’s as if every article about digitalization is casually peppered with the terms ‘artificial intelligence’ and ‘machine learning’. They are almost always used together and without any extra explanation. I’ve recently spent some time reading up on the subject to finally understand how the two differ. The term artificial intelligence (AI) originates from computer science and refers to the capacity of machines to perform human-like tasks on their own.
Just like online accounting platforms, CRM systems and more, the benefits that inventory software can bring to a business are wide-reaching and varied. For some of your clients, it will solve a specific problem, such as overstocking or lost goods. For others, it provides the key to unlocking business potential: growing sales, increasing productivity and enabling them to scale.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content