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ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. In fact, it’s not. And it’s not even nearly the best way. It’s actually a throwback from technology developed during the 1960s that hasn’t responded to the orders of magnitude increase in computer power that has enabled far better ways of solving the problem.
No customer experience is more disappointing than not receiving an order as promised. Whether it is a damaged product, a shipping delay, or a complex chain of handoffs and rerouting, any mishap can damage market share, revenue growth, and customer relationships beyond repair. Most B2B and B2C brands believe faster order processing, more frequent inventory planning, and “good enough” promise dates can help avoid this situation.
Retail supply chains are complicated, with factories, container ships, and communication networks spanning thousands of miles across the globe to connect raw materials with end consumers. Supply chains have become complex webs of global activity due to the emphasis logistics managers have placed on the first mile, crossing oceans in search of affordable labor and favorable taxes, tariffs and regulations.
I met Maria Villablanca, Co-Founder & CEO Future Insights Network, in person for the first time last September at the Transporeon Summit conference in London. We were the bookends of the conference: I gave the opening keynote and Maria wrapped up the conference by sharing her takeaways from the event and moderating an insightful panel. Read more The post Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives appeared first on Talking Logistics with Adrian Gonzalez
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
Eurasia Group’s Chairman, Cliff Kupchan , and company President, Ian Bremmer , recently released their list of top risks to watch out for this year. From their opening remarks, one might conclude things are going swimmingly. They write, “We’re (mostly) through the pandemic. Russia has no way to win in Ukraine. The European Union is stronger than ever.
Nathan Lugo-Montanez and Joe Lynch discuss 3 reasons to outsource fulfillment. the empty container marketplace. Nathan is the EVP of Strategy and Transformation at STACI-US , a leading provider of supply chain end-to-end solutions. About Nathan Lugo-Montanez Nathan Lugo-Montanez is a turnaround executive with over 15 years of experience in supply chain and business operations.
After a decade of acquisitions, XPO Logistics announced in March 2022 that it planned to “separate its brokered transportation services from its less-than-truckload (LTL) business in North America [and] divest its European business and North American intermodal operation.” According to XPO’s CEO Brad Jacobs, “Our experience is that customers want high levels of service and.
Cobalt Wars is one of the most interesting ARTE.tv documentaries I have seen recently. It looks at the supply chain of cobalt, a key ingredient in the batteries of our smartphones and electric cars, and the political, environmental and social challenges associated with that supply chain. (French with English subtitles, also available in German. Not available in all regions.
Pharmaceutical companies run two types of supply chains. There is the commercial supply chain where drugs that have been approved for use on patients are shipped to distributors, drug stores, and hospitals around the world. Then there is a clinical trials supply chain. Drug companies hold clinical trials to prove the safety and efficacy of their drugs.
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.
Courtney Muller and Joe Lynch discuss highlights from Manifest 2023 conference, which was held in Las Vegas, January 31 to February 2. Courtney is currently the President of Manifest, a new generation event with logistics technology at the center. She leads the Manifest team and drives all strategic partnerships for the event. About Courtney Muller Courtney Muller lived in 8 states before she was 14 years old.
DAB Pumps puts customers and the environment first, while increasing planning efficiency, thanks to ToolsGroup’s powerful automation and artificial intelligence BOSTON — March 16, 2023 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, has been selected by DAB Pumps , a leading manufacturer of water management equipment, to enhance its forecasting processes and increase planning efficiency for a better understanding of customer demand, higher service l
Körber Supply Chain Software (Körber SCS) hosted its 2023 Elevate User Conference in Orlando this week. The conference theme was finding your rhythm – a fitting metaphor for supply chains across the globe as they return to more predictable patterns after experiencing disruptive fits and starts over the last couple years. Körber acquired enVista’s Enspire Commerce platform and its Freight Audit and Payment (FAP) service in 2022.
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
Kara Brown and Joe Lynch discuss lead gen for logistics. Kara is the Founder and CRO of LeadCoverage , the premier B2B marketing and PR firm dedicated to helping logistics companies increase lead generation through targeted marketing strategies and media coverage. About Kara Brown Kara Brown is the Founder and CRO of LeadCoverage, the premier B2B marketing and PR firm dedicated to helping logistics companies increase lead generation through targeted marketing strategies and media coverage.
24 years ago today, I started a new job. I arrived at the office expecting to start a research project related to the semiconductor industry (where I had spent most of my career at that point, and what I had been hired to do). Instead, I was told that I would do a market study. Read more The post Above the Fold: Supply Chain Logistics News (March 17, 2023) appeared first on Talking Logistics with Adrian Gonzalez.
In June 2022, U.S. inflation reached a 40-year high. Although inflation has slowed since then, it continued to climb in January 2023 , triggering fears that the Fed could keep raising interest rates throughout 2023. On the other hand, a slowdown in inflation could mean prices will gradually stabilize and we’ll avoid a recession. What does all of this mean for manufacturers and distributors?
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. With constrained and somewhat erratic demand and supply – not just of products and materials but also capacity with carriers of all modes – rates have been extremely volatile.
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.
Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. As a result, data security and compliance have become a critical component of logistics operations, although implementing adequate controls can present numerous challenges in these complex networks.
A conversation with Maria Villablanca, Co-Founder & CEO of Future Insights Network, on the “Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives.” Podcast version (click to play): The post [Video] Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives appeared first on Talking Logistics with Adrian Gonzalez.
The Science and practice of predictive analytics is well established and rapidly gaining ground in the public and private sectors. It’s no longer considered magic because we now have advanced analytics systems that harness and organize massive amounts of disparate data and model that big data in ways that allow humans to be proactive and make informed decisions.
If you are in the supply chain industry, you are probably well aware of the constant need to optimize processes and improve communication between stakeholders. With the advent of new technologies, businesses have revolutionized how they operate and stay ahead of the curve. And one of the most promising innovations in recent years is ChatGPT for 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.
By Andrew Tavener (pictured) Head of Fleet Marketing EMEA, Descartes Systems Group The post The year that was, and preparing for the retail year ahead. appeared first on IT Supply Chain.
Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. Failure to effectively address this challenging question can result in enormous inefficiencies caused by misalignment of demand and supply throughout the supply chain. The misalignment can result in multitude of negative consequences such as high warehousing costs, cash flow difficulties, loss of sales, which can lead to permanent loss of loyal custo
The future of transportation stands on the brink of a revolution – the shift from the internal combustion engine to cleaner, more efficient electric motors. The EV marketplace is set to grow a whopping 35% over the next 10 years, and today’s governments are scrambling to develop plans for building the infrastructure and raw material supply chains necessary to support it.
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.
As companies focus on reducing their greenhouse gas (GHG) footprint, buyers and suppliers have an opportunity to embed climate considerations into their supply chain strategies.
By Steve Purvis (pictured) Managing Director, Bis Henderson Space The post Short-term space is critical to a successful warehouse strategy appeared first on IT Supply Chain.
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