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If you are a new professional in the field of inventory management, you face a very steep learning curve. There are many moving parts in the system you manage, and much of the movement is random. You may find it helpful to take a step back from the day-to-day flow to think about what it takes to be successful. Here are six suggestions that you may find useful; they are distilled from working over thirty five years with some very smart practitioners.
Supply chain complexity and uncertainty are here to stay. To put this another way, supply chain risks are on the rise. And they show no signs of abating. Supply chain disruption abounds. You have increasing conflict, changing customer requirements, increasing regulation, trade wars, and Black Swan events, to name a few. With increased risks come […].
Supply chain and rugby managers require complex communication and collaboration strategies using real time data and insights for competitive advantage. Leave a Reply [contact-form-7].
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
Sales and Operations Planning has become the preferred method to facilitate clear and formal communication between the demand and supply sides of a business. However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020).
How often do you really think about the reverse supply chain? It’s easy to assume the reverse supply is solely based on returns. While this is partially true, all reverse logistics involve a backward flow of products that return to their origin, it’s not that simple. Returns may derive from buyer’s remorse, damage to items,read More. The post Building a Better Data-Driven Reverse Supply Chain appeared first on Transportation Management Company | Cerasis.
How often do you really think about the reverse supply chain? It’s easy to assume the reverse supply is solely based on returns. While this is partially true, all reverse logistics involve a backward flow of products that return to their origin, it’s not that simple. Returns may derive from buyer’s remorse, damage to items,read More. The post Building a Better Data-Driven Reverse Supply Chain appeared first on Transportation Management Company | Cerasis.
There was a time when Mumbai’s dabbawalas (lunchbox carriers) were known for their efficient supply chain and logistics. But the COVID-19 incursion changed the lives and livelihoods of Mumbai’s dabbawalas. Their lives can neatly be compartmentalized into BC and AC – before COVID-19 and after COVID-19. Scenario Before COVID-19 Mumbai’s dabbawala service was legendary for its reliability.
What aerospace manufacturers need is agility in their design and production processes to help mitigate the variability in supply and demand. Additive Manufacturing (AM) is one innovation in which aerospace companies have significantly invested to try to address some of their unique challenges. What are the benefits? Additive Manufacturing is accelerating the development phase and reducing time to market.
Supply chain leaders have faced significant challenges in the past, and in 2020, the supply chain coronavirus crisis has put a spotlight on the need for supply chain resilience and integration. Among these, integrated reverse logistics strategies can make or break successful operations. Failure to consider the ways in which the disruption affects all parts.read More.
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.
In April I discussed the widespread impact of the Covid-19 pandemic on supply chain and fulfillment, and provided a WMS market update in which I predicted a market downturn in 2020 to be followed by a rebound in 2021. During the process of developing my WMS market forecast, I made assumptions for each quarter of 2020. And indeed, I took into consideration the macroeconomic forecasts for an abysmal Q2 2020.
Prior to the novel coronavirus pandemic, supply chain professionals labored in near-anonymity. When the outbreak hit the world like a wrecking ball, supply chain operations became front page news. Professionals who once labored in obscurity suddenly received a lot of attention. The pandemic taught supply chain professionals a lot about the resiliency of their supply chains.
Sales and Operations Planning has become the preferred method to facilitate clear and formal communication between the demand and supply sides of a business. However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning, Supply Chain Research Team, 4 May 2020).
[link] Every supply-chain on the planet is clamoring for the best way to future-proof operations against possible disruption. The COVID-19 crisis emphasizes the dramatic problems created with single sourcing strategies. Unfortunately, the strategies are simply so ingrained in the supply chain that many organizations have still yet to diversify their networks.
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
According to the National Hole-in-One Registry, the odds of the average golfer making a hole-in-one are 12,000 to 1. I was actually a little surprised by the odds, as I would have assumed that they were much lower. Last Friday afternoon I received a text message from my mom letting me know that she had just sunk her first hole in one after 30-plus years of golfing.
It’s notoriously difficult to optimize inventory for aftermarket parts. You need to maintain high service levels, but sporadic demand and an infinite number of SKUs frequently lead to waste, excess cost and product obsolescence. Probability forecasting offers a more accurate way of predicting customer behavior and staying prepared, especially for items with long-tail demand.
Between companies regularly distributing, manufacturing or using construction products, the construction industry experiences a steady flow of business. One thing all construction companies can agree on is the importance of operating efficiently in order to meet project deadlines. There are a number of barriers between smooth logistics operations and successful project completion for the construction […].
The current year has been anything but ordinary. Supply chains are trying to fulfill more e-commerce orders, and out-of-stock SKUs have become almost expected. Meanwhile, the massive surge in demand continues to push forward another aspect of logistics—reverse logistics. Reverse logistics costs further contribute to higher total cost of ownership within the supply chain and.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.
Being a socially responsible company can create a strong brand, a committed workforce, and loyal customers. It comes at a cost. The products will generally be more expensive, limiting sales. Progressive companies are often small, requiring them to use less-than-truckload. Less-than-truckload has adverse service and environmental impacts. In short, fair trade and environmental initiatives lead to socially responsible manufacturers having more complex supply chains.
What is Invoice to Pay? Invoice to Pay is a request for payment by a supplier, and technology helps to make this simple, fast and more efficient for the Supplier and the Accounts Payable team. Invoice to Pay sits at the end of a Procurement process that starts with a need, moves through selecting and contracting with a supplier and ends with delivery of goods or services. .
McKinsey & Co., and Trading Partner Alliance outline some of the key considerations that should go into developing and using the on-time and in-full delivery metric. Supply chain complexity is increasing as customers demand a wider selection of products, a broader choice of channels, and more promotional offers. With expectations of higher on-shelf availability and lower inventory costs, the pressure on delivery performance has intensified—as has the need for manufacturers, retailers, and ca
[link] The growth of omnichannel is subject to hype and fact. Some supply chain leaders and experts argue omnichannel is the improper term to describe the state of warehouse transformation today. Others voice concern over how warehouse transformation could increase costs when not adequately managed. Supply chain leaders need to understand why an omnichannel warehouse.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.
I’ve written previously about how I founded FourKites in 2014 to help shed light on the vast blind spots that exist throughout our complex and interconnected global supply chains. Our focus for the first several years was to build a state-of-the-art platform that would give the world’s biggest shippers, and their carrier and broker partners, real-time data about the location of their freight when it’s in transit.
Coronavirus Exposes Global Supply Chain Fragility! The Coronavirus pandemic continues to wreak havoc throughout the world. In some places the pandemic has been controlled and life is getting back to a new normal. Yet in many other cases the pandemic is spreading aggressively and even realizing a devastating resurgence, particularly in the United States.
As countries struggle with the coronavirus pandemic, one hears and reads a lot about the “new normal.” Normalcy is defined as the state of being usual, typical, or expected. Look back a year ago and few, if any, supply chain professionals had a pandemic high on their list of potential disruptive threats. They can be excused for this oversight.
By Tim Callan (pictured). Senior Fellow at Sectigo. The post Quantum entanglement and the search for quantum-resilient encryption 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.
According to a recent article by Gartner: “priority should be given to evolving the digital supply chain twin — can’t do anything E2E without this foundational capability.” Furthermore, they say that: “Before you can do the prediction and prescription (which together equals decision making) … you need to create a model of the supply chain upon which you can predict and prescribe.”.
What sounds like a lot of money? $339.7 million. $290.5 million. $186.4 million. $181 million. $163.5 million. $77.5 million. The figures above are the total funding that Casper, Warby Parker, Glossier, Away, Dollar Shave Club, and Allbirds have respectively received from venture capitalists (VCs) for a combined total of $1.24 billion. Direct-to-consumer (DTC) brands have been disrupting their traditional incumbent counterparts for some time now.
One of the unexpected consequences of the pandemic is a new appreciation by consumers for shelf-stable foods and other consumer packaged goods (CPG) products. Colin Stewart, Executive Vice President of Business Intelligence at Acosta, notes, “All industries are feeling its effects, but brands and retailers in the consumer packaged goods industry are among those on the front lines of this fight.
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