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As we navigate through the end of the year and the holiday season, we’re also looking ahead to 2023. We know we’re going to see ongoing disruption. We know the chances of recession are growing. We know our clients need more and more ways to take control of their supply chain operations, end to end. Check out four of the areas we’re advising our clients to be thinking about heading into the New Year, to help prepare their supply chain for 2023. .
One of the topics discussed at the recent COP-27 gathering in Egypt was global food security. Patricia Scotland ( @PScotlandCSG ), Secretary-General of the Commonwealth, told COP-27 participants that every available tool must be leveraged to improve food security. She stated, “We must use big data and digital tools to protect food security and increase climate resilience.
As the holidays rapidly approach, carriers are nervously eyeing a newly-emboldened Federal Maritime Commission. After the passage of the Ocean Shipping Reform Act, the FMC is looking to test the limits of its new regulatory capabilities. But that’s not the only news waiting under the tree for logistics professionals this year: plummeting volumes continue to plague FedEx Ground, and Walgreens is branching out into an already overcrowded last-mile delivery sector.
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
By Skyler Chi (pictured). Associate Managing Director, Exiger. The post Supply chain risk management: looking back on 2022 & preparing for 2023 appeared first on IT Supply Chain.
CFOs tell us they need to spend less on inventory without impacting sales. One way to do that is to move away from using targeted day of supply rules to determine reorder points and safety stock buffers. Here is how a target days of supply/coverage approach works: The post Why Days of Supply Targets Don’t Work when Computing Safety Stocks appeared first on Smart Software.
CFOs tell us they need to spend less on inventory without impacting sales. One way to do that is to move away from using targeted day of supply rules to determine reorder points and safety stock buffers. Here is how a target days of supply/coverage approach works: The post Why Days of Supply Targets Don’t Work when Computing Safety Stocks appeared first on Smart Software.
Uncommon Goods can experience sales spikes during its typical six-week peak period of up to 10 times the average volumes in Q1 and Q3, and typically does two-thirds of its business in Q4.
Intelligent prediction is more important than ever in enabling our vastly complex supply chains to operate in real time and deliver on customers’ needs.
In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. Rules of thumb and techniques that were used only ten years ago cannot match the number-crunching applications that leading-edge companies are employing. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory.
Bill Vitti and Joe Lynch discuss the connected ecosystem, which is one of the best ways to describe Transflo. Bill is the President and CRO of Transflo, the trusted industry leader in mobile, telematics, and business process automation solutions to the transportation industry. About Bill Vitti . Bill Vitti joined Transflo as President in early 2022, with more than 25 years’ experience in the transportation industry.
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.
Earlier this month, one of my guests on Talking Logistics said, “Supply chain and logistics professionals have wanted a seat at the C-suite table for a long time. Nobody said, however, that it would be the hot seat.” Whether it’s figuring out how to “do more with less” due to labor constraints, preparing for potential. Read more. The post Top 10 Talking Logistics Posts in 2022 (Plus Indago & Other Highlights) appeared first on Talking Logistics with Adrian Gonzalez.
The global economy has gone through an incredibly tumultuous time since 2020. From lockdown-induced purchasing highs, soaring logistics costs and supply chain snarls to waning demand, soaring inflation, and fears of recession – there has never been a dull moment. . The sheer influx in demand, combined with the variety of supply chain stressors, also catapulted global freight to new levels of infamy (although none perhaps as famous as the Suez Canal blockage).
More and more companies are adopting advanced technologies such as blockchain, artificial intelligence, and the internet of things (IoT) to transform their supply chains and keep pace with market requirements.
Nestlé, the largest publicly held food company in the world, recently announced it was investing “40 million Swiss francs ($42.88 million) to launch a new production facility in western Ukraine.”[1] Olena Harmash , a Strategic Communication Adviser with CGIAR, notes, “Nestlé is one of very few international companies to announce new investments in Ukraine since Russia invaded the country in February 2022.”[2] Nestlé executives have learned that carrying on operations as a
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
Redwood City, CA, December 20, 2022. Ivalua, a global leader in spend management , today announced that Hillenbrand, Inc. (NYSE: HI), a global industrial company, has selected Ivalua to centralize its supplier communication, contract data, and help consolidate best-in-class procurement processes. Hillenbrand required a platform to centralize supplier communication, contract data, and support its growth while providing the basis for future scalability into Procure-to-Pay (P2P).
As we near the end of 2022, supply chain and logistics executives are busy preparing their strategies, plans, and budgets for the year ahead. One key objective for many of them is improving supply chain resilience, which includes improving their supply chain visibility capabilities and developing stronger and more transparent relationships with carriers and other.
Proactive pandemic management strategies are an investment in business viability and supply chain resilience, and also enhance business operational capabilities.
By Jessica Sweet (pictured). Content Writer at makeLifeSweeter.com. The post Tech Tools You Might Want to Use as a Business Manager appeared first on IT Supply Chain.
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.
In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. Rules of thumb and techniques that were used only ten years ago cannot match the number-crunching applications that leading-edge companies are employing. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory.
As we bid farewell to 2022, let’s take a moment to look back at key industry topics that were top of mind for our readers along with a few of Arena’s highlights and milestones. Since the pandemic, supply chain disruption still tops the list. Many industries continue wrestling with inventory challenges, product availability, higher prices, labor shortages, political and industry mandates, or bracing for softer demand in some cases.
Winter is upon us, and with the arrival of cold weather, rising energy prices, and oil and gas supplies being impacted by geopolitical tensions, businesses once again face potential supply chain challenges.
By Amanda Nelson (pictured). Professional Content Writer. The post What You Need To Know About VPS Hosting For Online Businesses appeared first on IT Supply Chain.
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.
This blog was co-authored by Mark Severns , Product Marketing Director, and Logan Kluth , Product Management Director. Whether you are a retailer, manufacturer, 3PL, or in most any other industry, “Black Friday” likely initiates a dramatic shift in the dynamics of your business. In your warehouses the day-to-day flow of goods see peaks and valleys, but the spikes in demand this time of year require flexibility and adaptability in process and technologies to efficiently address the increased thro
t’s highly likely that warehouses will more actively embrace automation technologies in 2023 to manage tight labor markets, increase inventory capacity and expand visibility into their supply chain operations. .
By Emma Whitmore, (pictured). Group Vice President, EMEA at Edgio. The post Boxing Day sales will bring increased risk of online scams appeared first on IT Supply Chain.
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.
Each Wednesday, we share how Blue Yonder associates and customers DIVE in — their personal stories of diversity, inclusion, value and equity. Throughout the year, each has offered meaningful takeaways that allow us to see the world through their eyes. As we reflect on the year, let’s look back at 12 — one for each month — remarkable lessons Blue Yonder associates and customers taught us in 2022: January: As an African immigrant to this country that I love so much, I proudly bellow our national a
A few years ago Martijn Lofvers gave a presentation about Strategy Mindmapping to an audience of roughly 80 persons at a supply chain conference in Paris. Afterwards about 20 attendees lined up to hand over their business cards because they wanted to receive the presentation. At the end of the line a woman in her mid-twenties was waiting. “I would like to thank you”, she said.
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