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Today, supplychainexcellence matters more than ever. During the pandemic, the supplychain discussions take new importance. While the supplychaintechnology market lost its allure at the start of the last decade, it is now cool again. The supplychaintechnology market is responding.
Supplychainsoftware is changing. So should the purchasing process. . As someone who has worked in supplychain for over 20 years, I’m very familiar with Requests For Information (RFIs) and Requests for Proposals (RFPs). Is it because the current tool you use needs a lot of fiddling and adjusting?
There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supplychains and gain greater control of supplychain performance.
Esther is the Chief Revenue Officer at Flowspace , an ecommerce fulfillment platform that helps brands meet their customers’ post-purchase expectations. She was also included in Supply & Demand Chain Executive’s list of “Women in SupplyChain” About Flowspace. About Esther Kestenbaum Prozan.
Autonomous SupplyChains In this competitive environment, a CPG manufacturer needs to fight to get space on retailer shelves in each region, keep those shelves stocked, compete and collaborate simultaneously with e-commerce, and maintain its operating margins.
Theme 2: Online buying will fuel home delivery growth, challenges and new strategies. In 2023, consumers will be less forgiving and poised to buy from retailers whose delivery performance is commensurate with the rest of the shopping experience. Theme 5: Machine learning (ML) will go mainstream in supplychaintechnology.
Today, nine out of ten supplychains are stuck. Despite two decades of advancement in supplychaintechnologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. These technologies are applicable to solve many problems.
Here are the three questions that I would like people to ask: Table 1: Comparison of Results for Best of Breed Solution Providers to ERP Expansionists in SupplyChain Planning. Question 1: What drives a Successful Implementation of SupplyChain Planning? Supplychain planning is now on its third decade.
Supplychain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. Technology integration: Leveraging digital tools to enhance visibility and decision-making.
As your business grows, you supplychainsoftware will need to expand. You may opt to organize your business into an independent third-party logistics provider (3PL), or you may want to purchasesoftware for tracking, monitoring, and processing all of your needs. 5 Pitfalls of SupplyChainSoftware Selection. #1:
So, here is my invented future for 2015, starting with my most audacious prediction: Google will acquire a logistics service provider (3PL) and/or a logistics software vendor. And its technology assets too, like the Kiva robots Amazon purchased [in 2012] and the data centers that power its cloud computing services.
Still, there are several technologies that are transforming supplychains for the organizations that adopt them. Technology advancements and adoption are driven by better data availability and a push for better visibility, efficiency and accuracy. Artificial Intelligence AND Machine Learning.
As part of LogiSYM Asia Pacific 2022, we had the opportunity to chat with Vittorio Favati, Chief Executive Officer – TVS SupplyChainSolutions GFS. I had the opportunity to work with several excellent organisations, most notably, nearly 20 years with Ceva (including EGL or Eagle Global Logistcis) and now TVS SCS.
Prior to BGSA Holdings, Ben founded 3PLex, the Internet solution enabling third-party logistics companies to automate their business. 3PLex was then purchased by Maersk. Delivery software and service companies like Delivery Circle are helping companies leverage technology to make local delivery service more efficient and profitable.
In these sessions, the technology providers share their rational for the investment and invite questions. Infor–a market consolidator of enterprise software–currently has revenues of $2.8 On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. The current market offers no solution.
The discussion of customer-segmented supplychains happens often. How do they buy from you? How do they buy from you?” Most supplychain planning teams do not know their customers. In my opinion, we have made procurement increasingly complex without adding value. Why does it matter to you?
While I blog more business-focused research on Forbes , and tell stories from my travels on LinkedIn , this is my blog for the technology leader attempting to stay current on supplychaintechnology trends. I manage a team at SupplyChain Insights and actively publish using an Open Content research model.
Further, if the truth be known I suspect many others in procurement and supplychain are feeling the same, but maybe that’s not true. This is not a “side of the desk” or part time role, nor within the skill set or training for the vast majority of purchasing and supplychain managers. Capital goods.
I’ve worked in enterprise supplychaintechnology for more than 20 years, and, especially in the earlier years, collaborated in teams where I was the only female in the room. This has created visibility and transparency across the entire value chain so that all partners are aligned. How did you overcome them?
What are the best applications of supplychaintechnology that should be driving B2B/B2C or omnichannel businesses? There are few tools in the industry that can also utilize what-if analysis to plan for segments of the year - such as seasonality, peaks/valleys based on marketing campaigns, or regional opportunity planning.
They’ve inspired their teams with their persistent drive to deliver excellence and helped our customers keep service levels high despite demand and supply irregularities. As a result, our customers see us not as a vendor, but as a true partner in the management and improvement of their supplychains.”
No Purchase Orders were used. In an article in Industry Week , which advocated that you cut the fat, not the limb, reminded us that there are a number of strategic projects, based on appropriate supplychaintechnology that can provide a far greater internal rate of return than merely slashing costs.
As if the largest economic crisis since the Great Depression wasn’t enough of a challenge to the supplychain industry, the introduction of the smartphone and advanced analytics into the marketplace disrupted the industry further by providing an exponentially growing consumer base and easy access to goods and information.
As consumers continue to purchase goods at greater frequency and trade regulations become more complex, supplychain professionals are striving to establish end-to-end control of their business operations. So, if visibility is a key element of success, how does an organization obtain it and excel?
It goes beyond just maximizing the overall supplychain performance in terms of material delivery excellence. What does supplychain optimization involve? It involves the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supplychain.
Prescriptive analytics envision many different scenarios using intelligence gathered in real-time, and presents an optimal solution. It seeks to find the optimal solution given a variety of choices, alternatives and influences that might affect the outcome. Best-in-class companies tend to have end-to-end supplychain integration.
Over the past couple of years we’ve seen increased demand for truck tracking and telematics solutions, and this is particularly true in the Heavy Building Materials industry. Why is demand growing for these solutions? How are these solutions delivering value? That’s where supplychaintechnology and integration come in.
They expect to be able to make purchases and receive service in that same lightening quick timeframe. These growing customer-focused supply networks are slowly beginning to replace the traditional, linear supplychain which tends to focus on select links in the chain one at a time. Faster Results.
She wrote, “A fast-growing technology that imitates human behavior and has taken root in the financial services and hospitality industries is slowly making its way into logistics. Robotic Process Automation vs. As I noted above, traditional RPA solutions are rules-based. But RPA software lacks built-in ‘intelligence’.”[4].
In this guest post, Kevin Everson the Vice-President of SupplyChainSolutions at RMG Networks , investigates two examples of driving more supplychain value with logistics big data and data visualization. Much like IT, the supplychain is no longer a cost center … but instead a profit driver.
Especially since many retailers have already purchased and shipped their goods ahead of the looming tariff changes. The best way to maintain an advantage over competitors as the holidays draw closer (and the year-end approaches) is to employ a platform that offers full, end-to-end supplychain visibility.
Supplychaintechnology industry analyst and SupplyChain Matters Founder Bob Ferrari provides added perspectives and highlights to last week’s announced acquisition of Starboard Solutions by Logility. This was not the first acquisition of a promising supplychain network design technology provider.
It goes beyond just maximizing the overall supplychain performance in terms of material delivery excellence. What does supplychain optimization involve? It involves the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supplychain.
Same goes for books, groceries, taxis, banking, canoe and even B2B purchases. These 200+ contracts will be in different formats, ranging from PDFs and Excels to simple emails. But today, you can buy a boat online. You can buy house-sized power generators. Heck, you can buy a house. Five tariffs are daunting.
Inspired by McKinsey’s 2020 consultancy report, which emphasizes transforming supplychains rather than temporary fixes, we believe a comprehensive approach to reskilling supplychain professionals is essential to meet future demands.
According to a study, 55% of consumers prefer to buy directly from brands, and a further 40% of shoppers say they will purchase from a D2C brand in the next five years. They also want excellent service, which includes fast, increasingly on-demand delivery and hassle-free cancellation and returns.
Invariably, automated processes will result cost savings, fewer errors, and an excellent return on investment. Supplychaintechnologies. Not only does RFID technology eliminate the need for hand-scanning, which reduces the time the process takes, it also helps reduce the amount of errors workers make.”[4].
Are you looking to improve visibility, automation, and optimization to achieve a more resilient supplychain? Then a global transportation management system (TMS) should be a key part of your supplychaintechnology strategy. Blake Gibbs, Director of Operational Excellence. Benefits of Managed TMS.
This event truly has everything from informative breakout sessions and insightful keynote speeches to hands-on demonstrations of the latest supplychaintechnologies and solutions. Because when it comes to end-to-end last-mile excellence, Logistics Runs on Locus. Or at least it does when Locus is in the picture.
Still, there are several technologies that are transforming supplychains for the organizations that adopt them. Technology advancements and adoption are driven by better data availability and a push for better visibility, efficiency and accuracy.
Which means, a retail logistics operation often requires both labor and supplychaintechnology — which can increase logistics costs significantly. Procuring inventory. Having insight into what’s going on during the procurement process can help you find ways to build a more agile supplychain.
Are you looking to improve visibility, automation, and optimization to achieve a more resilient supplychain? Then a global transportation management system (TMS) should be a key part of your supplychaintechnology strategy. Blake Gibbs, Director of Operational Excellence. Benefits of Managed TMS.
For many growing and established direct-to-consumer (DTC) brands alike, the supplychain is the most critical but also most challenging aspect of their operations. . The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs.
Logistics technologies such as robotic warehouse systems make automation a reality, while drones improve last-mile delivery capabilities and better tracking with tools like RFID tags improve visibility throughout the supplychain. These advancements are accelerating thanks to better tools that were created in 2018.
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