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Supply chain risk is at the forefront of supply chain executives’ minds. Proper risk management can help supply chains navigate the complexities of post-hurricane recovery and increase productivity. Home Depot’s work in risk management served to increase profitability in the aftermath of the 2017 hurricane season. Unfortunately, not all supply chain leaders take the time to consider what may happen and how it will adversely affect productivity and the flow of products.
mo·jo: noun. A magic charm, talisman, or spell. “someone must have their mojo working over at the record company” In the 1990s supply chain had MOJO. Then it was sexy. Today, it is not. 90% of public manufacturing companies are treading wate r. There is struggle. Improvement on the key metrics of growth, inventory turns, operating margin and Return on Invested Capital (ROIC) is elusive.
Our notion of convenience is evolving. Being able to offer options, from product variety to flexible delivery schemes, is essential for every business. That’s probably why some of the biggest companies in the world are moving beyond retail to establish their own logistics task forces. From Amazon to FedEx, the line between e-commerce retailer and logistics provider is blurring.
Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. You can see Microsoft's version here on their and my slightly modified version below. The subway system is the lifeblood of New York City, carrying an average of 5.7 million people per day across 472 stations.
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
Service level agreements (SLAs) can vary in scope, complexity, duration, and value. Managing supply chain SLAs have the added complication of geographic and cultural barriers. Contract details may vary by region, and individual locations may be subject to unique contractual stipulations that other locations never see. In response, supply chains have relied on a series on defined terms for use in international SLAs, Incoterms.
In 1960, when I was in the first grade, healthcare spending was 5% of the US economy. Today, it is 17.9%. By 2025, the projection is 19.9%. Yowza! This is trillions of dollars. To put it into dollars and cents, health care spending rose 4.3% to $3.3 trillion in 2016, or a cost of $10,348 per person. Being a supply chain gal, I think that supply chain leaders can help.
In 1960, when I was in the first grade, healthcare spending was 5% of the US economy. Today, it is 17.9%. By 2025, the projection is 19.9%. Yowza! This is trillions of dollars. To put it into dollars and cents, health care spending rose 4.3% to $3.3 trillion in 2016, or a cost of $10,348 per person. Being a supply chain gal, I think that supply chain leaders can help.
12 of the world’s biggest companies, including Walmart and Nestlé, are building a blockchain to remake how the industry tracks food worldwide. The group is focused on solving the traceability problem is known as Food Trust. There are many initiatives using Blockchain. This initiative is further along than any other. The post Blockchain Gains Traction in the Food Supply Chain appeared first on Logistics Viewpoints.
by Mike McAllister By APICS CEO Abe Eshkenazi, CSCP, CPA, CAE. This article was originally published on apics.org, and is republished with permission. With the advent of the fourth industrial revolution, or Industry 4.0, supply chain professionals are expected to embrace many new technologies – from artificial intelligence and robotics to predictive analytics and cloud computing.
Hello and welcome back to another episode of “The Freight Project Podcast!” On today’s episode we welcome Chris Kirchner, CEO & Founder of Slync a supply chain automation platform revolutionizing the ways partners collaborate using Artificial Intelligence, Workflow, and Blockchain. We hope you enjoy “The Freight Project Podcast.” You can subscribe and find this podcast on Apple iTunes, Google Play, Spotify, Soundcloud , YouTube , and iHeartRadio!
Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. You can see Microsoft's version here on their and my slightly modified version below. The subway system is the lifeblood of New York City, carrying an average of 5.7 million people per day across 472 stations.
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.
With the lucrative profits to be made from fake pharmaceutical drugs, even more than in the narcotics trade, fake drugs. The post Fighting Fake Drugs in the Pharmaceutical Supply Chain appeared first on The Network Effect.
Devon Energy generates huge volumes of data. The company’s real-time data system monitors 6.5 million data points from multiple sites, with more than 10,000 updates per second. Devon Energy has worked to change real-time visibility into actionable insights for better truck scheduling. The post Devon Energy Uses Real-time Visibility to Improve Trucking Operations appeared first on Logistics Viewpoints.
Artificial intelligence will change the way you think about your supply chain and supply chain efficiency. Today’s supply chain complexities demand additional support. You cannot afford to pass up on automating at least some of the processes. And no, you don’t have to have robots replacing all your human workers at your facility. AI goes beyond just robots to include automated processes in computers and more.
Exports can be decomposed into a foreign value added (FVA) and a domestic value added (DVA) component. FVA is a key measure of the importance of global supply chains. It refers to the imported goods and services incorporated in a country’s exports. DVA relates to the contribution of a country’s own (i.e. domestic) factors of production. The 2018 World Investment Report , recently published by UNCTAD, shows that “[f]rom 1990 until 2010, the share of FVA in total exports rose continuou
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
In our household we love our Google Home. My girls use it continuously to play music, ask silly questions, jokes, do calculations and spell difficult words amongst other things. I use it to voice command my shopping list, set a timer and book meetings in my agenda. Speeking to and interacting with a little machine in my living room, that has the capacity to both understand and create communication, is a great example of how Artifical Intelligence has infiltrated our lives.
I am often asked which job in the extended Supply Chain is the most important. For FMCG producers this may be the demand planner while for retail partners the key role could be innovation planning. I do have a view on this so park the question for now and read on.
Customer experiences have a vital bearing on the success or failure of today’s supply chains. In recent months, sustainability and ethical business practices have become cornerstones of the ongoing conversation about how to govern people and manage a business effectively. Without political diversion, today’s companies must take an active role in increasing positive customer experiences and meeting stringent ethics and sustainable practices.
You are invited to join Enterra Solutions® for in-depth conversations on the rise of the Intelligent Enterprise with a focus on Supply Chain Optimization. Cognitive Computing, defined by Enterra as Artificial Intelligence in the form of Semantic Reasoning + Sophisticated Mathematics, addresses the complex, multi-faceted problems faced by leading organizations today by creating an autonomous decision sciences platform that enables game changing applications.
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.
Learn how to gain better visibility over your end-to-end supply chain. There is a profound difference between inbound and outbound logistics—inbound deals with the delivery of raw materials or goods coming into a business while outbound logistics refers to goods going out. Inbound logistics operations involve a relationship between suppliers and a business, while outbound relates to the business, its products and its end customers.
GreyOrange, a multinational robotics and supply chain automation company, and Advanced Warehouse Solutions, its distributor in Australia, will showcase the Butler range of robotics solutions at CeMAT Australia 2018, at the Melbourne Convention and Exhibition Centre from 24 to 26 July.
Reverse logistics is filled with risk, and the rate of reverse logistics in e-commerce is higher than any other channel, reports Business2Community. Among e-commerce sales, up to 30 percent will be returned to the shipper, which reflects a huge demand for effective returns management and reverse-logistics process standardization. Using a WMS in reverse logistics can help meet this rise in demand and increase customer satisfaction.
For nearly a decade, pundits have been touting the transformative effects of additive manufacturing (aka 3D printing). Four years ago Matthew Timms wrote, “Cited by some as ‘the next industrial revolution’, 3D printing is slowly reshaping the traditional supply chain, and could conceivably be the single most disruptive breakthrough since progressive assembly.”[1] Most analysts include additive manufacturing in their list of technologies that collectively are fostering the next indust
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.
Enterprises have devoted – and continue to devote – resources to green supply chain initiatives. Officially, companies often champion their environmental credentials in glossy reports, speeches and media interviews. Behind the scenes, however, many will admit that they do only the minimum for three basic reasons. Risk mitigation. Regardless of the degree to which company […].
Demand forecasts underpin essentially every major business decision, but discussions about forecast accuracy rarely get visibility outside of supply chain organizations, let alone at the board level. In this white paper, learn why forecast accuracy matters and how it drives key financial metrics. The post Forecast Accuracy: Why It Matters and How to Improve It appeared first on E2open® | Demand.
Our notion of convenience is evolving. Being able to offer options, from product variety to flexible delivery schemes, is essential for every business. That’s probably why some of the biggest companies in the world are moving beyond retail to establish their own logistics task forces. From Amazon to FedEx, the line between e-commerce retailer and logistics provider is blurring.
Supply chain inefficiencies and miscommunication through "Chinese Whispers" are costing UK businesses over £1.5bn in lost productivity according to analysis of industry data from digital freight forwarder Zencargo.
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 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. Online and mobile innovations are at the heart of increased traceability and visibility, and products must be delivered at break-neck speeds. More importantly, demand for warehouse space is at an all-time high, and warehousing is still short two million workers.
Inventory management is a key contributor to the bottom line for every company with a supply chain. Clear visibility to all inventory in all locations eludes many companies, leading to inaccurate inventory forecasting and costly expedites, among other problems. The results from this survey highlight the challenges and opportunities that leading companies across multiple industries have with their inventory visibility, levels and more.
Having too much of some items can be just as costly to your bottom line as having too little. If your facility is like most I’ve been in over the last few decades, you probably have some hidden problems buried in your indirect spend. Though individual items often don’t amount to a huge expense, your total indirect spend and associated costs likely constitute a significant portion of your overhead expenses.
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