Freight Brokers: Disintermediated or Growth Opportunity by Incorporating Technology?

Descartes

Back in 2003, when RFID commercialization was accelerating out of MIT, major retailers announced an initiative that required all suppliers to tag pallet deliveries with RFID. Not only would receiving be streamlined, but companies would also have much greater visibility into real-time inventory, and barcodes were going to die.

Supply Chain Graphic of the Week on A Check on US Inventory Trends

Supply Chain Digest

The US Inventory to Sales Ratio Now Back Where It was in 2003

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Multi Currency ERP for Small Businesses – EMERGE App

EMERGE App

In 2003 two of the top 10 trading nations were from Asia. We’ve got you covered if you’re using an inventory management system like EMERGE App. We decided to develop our own inventory management to solve our pain points instead of settling for expensive, on-premise software. We know that you don’t use your inventory management solution in isolation. Your inventory management solution needs to be able to handle international trade.

RFID in the Supply Chain: Fizzling Technology or the Future of Effective SCM?

Cerasis

In 2003, Walmart announced that all of its suppliers would need to have Radio frequency identification (RFID) tags on all pallets and cases by 2006. More recently, with the rise of interconnected systems, the analytics to derive value from those systems seems, and decreased costs, RFID is resurrecting as a solution for increasing supply chain management (SCM), visibility into processes, and reducing inventory tracking costs.

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How the Term “Supply Chain Management” Was Coined

SCM Research

Interestingly, in a 2003 strategy+business article , Oliver has revealed that, looking for a catchy phrase, his consulting team originally proposed the term “integrated inventory management” (I2M). It is widely known that the term “supply chain management” was popularized by Keith Oliver, among others, in the early 1980s.

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What the Coronavirus Pandemic Means for Global Supply Chains

Shipchain

Although initially compared to the SARS outbreak, Coronavirus seems to be hitting much harder and much more quickly than the 2003 epidemic. More industries are dependent on China than ever before, especially when compared to how the global picture looked in 2003. It all began in late December 2019 when the World Health Organization was informed of several cases of severe pneumonia in Wuhan, China.

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10 Ideas for More Efficient & Productive Warehouse Operations

Cerasis

Automated storage and retrieval systems can, for example, increase picking accuracy while yielding better inventory control. Author information Jennie Dannecker Marketing Coordinator at Stanley Vidmar Jennie Dannecker serves as Marketing Coordinator for Stanley Vidmar, where she has also held roles such as Government Marketing Manager and others since 2003. According to the U.S.

Walmart again Raises Chargeback Stakes

Enterra Insights

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. Back in 2003, Zeiger wrote, “In some cases, [suppliers insist], the requirements are petty, arbitrary or even illogical. Retailer compliance initiatives can lead to efficiency,” HighBeam Research, 1 October 2003. [3]

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Post-pandemic Supply Chains

Enterra Insights

Tan points out, when the SARS, or severe acute respiratory syndrome, epidemic broke out in 2002 and 2003, “China contributed 4% to the world’s GDP. Allocate the available capacity and inventory only to products that allow you to achieve your specific objectives during the recovery period.

Three supply chain lessons for businesses coping with COVID-19

CH Robinson Transportfolio

Despite past lessons from 2003’s SARS outbreak and 2011’s Fukushima tsunami about the hidden weaknesses in their supply chains, companies are challenged to manage logistics concerns stemming from sourcing strategies and risk management. For example, having an accurate assessment of inventory is a given, but it is also critical to understand how restrictions on imports from China and affected countries will impact current inventory and regular shipping cadence.

Three supply chain lessons for businesses coping with COVID-19

CH Robinson Transportfolio

Despite past lessons from 2003’s SARS outbreak and 2011’s Fukushima tsunami about the hidden weaknesses in their supply chains, companies are challenged to manage logistics concerns stemming from sourcing strategies and risk management. For example, having an accurate assessment of inventory is a given, but it is also critical to understand how restrictions on imports from China and affected countries will impact current inventory and regular shipping cadence.

Identifying and Mitigating Supply Chain Risk in the Age of COVID-19

Jaggaer

With an ever more connected global economy, and almost instantaneous n ews transmission, the impact of global health has multiplied since the last global (SARS) epidemic in 2003. One demand-supply scenario might look like this : demand for defibrillators has gone up by 2x, but 10% of supply capacity has shut down and say another 10% in-transit inventory is blocked up. The raging COVID-19 epidemic has presented the world with a “once in a century” moment of reckoning.

The Strategic National Stockpile that Failed Us

NC State SCRC

Finally, management of inventory in the pool will require replacement and inventory turns for critical components, based on maintenance, product recalls, and updates of expired products and old technology. 2003). The COVID-19 crisis arrived in the United States in February and was largely dismissed as a non-threatening issue.

How the Terra Acquisition Fits Into the Future Supply Chain

E2open

Campbell Soup was the first company to adopt demand sensing in 2003. Collaboration with retailers becoming automated, enabling cooperative inventory target setting across the value chain to serve more customers with less capital invested in stock. Terra is the industry leader in demand solutions, including demand sensing, inventory optimization and transportation forecasting. Inventory management. How the Terra Acquisition Fits Into the Future Supply Chain. brooke.

How to Stop Disruption in the Supply Chain From the Coronavirus

Veridian Solutions

Many have compared this outbreak to the SARS emergency of 2003. Review available inventory now to make timely reordering decisions for non-perishable products. With the holidays over and 2020 underway, one of the biggest challenges facing today’s supply chain is the current public health scare and its associated disruption in the supply chain.

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The rapid reorientation of supply chains

EFT

Supply chain adjustments should have occurred from around 2003 with the disruptions that occurred related to SARS, and a whole series of other potential other disruptions that occurred over the last 20 years, and there's been very limited response to significant disruptions within supply chains.”.

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10 Best Small Business Blogs to Follow

EMERGE App

It was founded in 2003 by Anita Campbell, and since then, it is only growing. The post 10 Best Small Business Blogs to Follow appeared first on Best Inventory Management Software for Small Businesses - EMERGE App. Small Business Sales Tips | Scale your business drop shipping e-commerce inventory costing methods Inventory Management Tips offline selling online selling trading businessIntroduction. Do you like to keep yourself updated with latest business trends?

The worst Supply Chain practices must be confessed and not only by constraint

KEPLER Consulting

The inability to provide daily updated data on inventories of raw materials, semi-finished products, and finished products presents two major concerns: The decrease of the WCR for companies, the deployment of a dashboard tailored and user-friendly is essential in order to take charge of the management of a share of its WCR. Supply chain inventory management and the value of shared information”, Management science, vol.

How do we Drive Invention to Innovation in Planning?

Supply Chain Shaman

In 2003, short-term forecasting approach using pattern recognition was invented by Terra Technology to replace rules-based consumption. Inventory piles up and revenues gaps are closed by pushing product into the market. This week, I spoke at the Chicago CSCMP round table event. I love to hear the thoughts from different speakers.

Do Supply Chain Planning systems generate any value?

Kinaxis

The issue is that none of their IT investments in the last 10 years have moved the needle on operational metrics such as inventory levels, case fill rates, and other operational metrics. However, in a subsequent article published in 2003 and titled “ Computing Productivity: Firm-Level Evidence ” Erik states that. by Trevor Miles I have been in the advanced planning and scheduling (APS) space since 1995 when I joined i2 Technologies in Europe.

Refresh Your Supply Chain – Have a Coke and a Smile

Supply Chain Network

In 2003, Coca-Cola enterprises began a five year, $200 million IT plan called Project Pinnacle. The result was improved flexibility of production, as well as better inventory and asset management. Coca-Cola is a globally recognized brand, and the company consistently delivers its products. Their scale is huge and the territories they cover vary from congested urban settings to remote rural areas. Clearly, this company knows a thing or two about supply chain management.

Case Roberta Roller Rabbit: Increasing Performance Through Improved Process and Technology

RELEX Solutions

Launched in 2003, RRR has evolved into a lifestyle brand offering a plethora of products that are still printed, cut and sewn by hand in collaboration with artisans preserving ancient traditions. Business processes were getting products ordered, but the assortments were too broad and lacked depth and the management of inventory was resulting in out of stocks while there was lots of inventory available. Also, inventory has been reduced by 25 percent year over year.

5 Factory Uses for Sensors You Might Not Expect

DELMIA Quintiq

It also helps keep inventory requirements down. In 2003, the retail giant began a “slap and chip” program to place RFID tags on all of their pallets and case packs. By using stock materials more strategically and gathering information in real-time about the condition of all sitting inventory, factories can pick up a lot of savings they didn’t even know they were leaving on the table. Sensors are some of the most remarkable electronic devices available.

5 Factory Uses for Sensors You Might Not Expect

DELMIA Quintiq

It also helps keep inventory requirements down. In 2003, the retail giant began a “slap and chip” program to place RFID tags on all of their pallets and case packs. By using stock materials more strategically and gathering information in real-time about the condition of all sitting inventory, factories can pick up a lot of savings they didn’t even know they were leaving on the table. Sensors are some of the most remarkable electronic devices available.

One Stop go live with Galleria’s next generation merchandising platform

RELEX Solutions

One Stop is a subsidiary of Tesco which acquired the stores in 2003. Working in partnership with many of the world’s best-known retailers and suppliers including Morrisons, One Stop, PARKnSHOP, Safeway, Coop Denmark, and Unilever, Galleria’s automated solutions for cluster, assortment and space optimization deliver significant benefits including increased sales, margin and inventory turnover, while cutting waste and mark-downs.

RELEX Solutions to Showcase First Cloud-Based Collaborative Planogram Solution at RBTE, Europe’s Fastest Growing Annual Retail Event

RELEX Solutions

RELEX, a leading provider of integrated retail and supply chain planning solutions, brings together all aspects of retail planning through the continuous analysis of real-time data, from the shop floor all the way back up through the supply chain driving increased sales, less inventory and reduced spoilage. One Stop is a subsidiary of Tesco which acquired the stores in 2003. Read PDF.

Back to Basics: Is It Time to Break Up With Spreadsheets?

Arena Solutions

For example, “a cut-and-paste error in an Excel spreadsheet” cost Canadian electricity and utility company TransAlta US$24 million in 2003. [3]. R 0 of 3: Corrective action requires update to multiple product spreadsheets for product line variants with a rework plan for current inventory and new supplier part cut in. 2003, June 4). Spreadsheets are ubiquitous. Businesses use them to track accounts and spending, store and analyze data, and do forecasting for future planning.

The Top Dozen Supply Chain Innovations of All-Time

Operations and Supply Chain Management

The Kiva Robotic Picking System: The idea for the orange AGV-like robots that bring inventory to order pickers was first conceived in 2003 by CEO Mick Mountz, and with the help of some MIT professors Kiva brought the technology to market less than two-years later. 4: Economic Order Quantity (EOQ): Economic Order Quantity is a mathematical approach for determining the financially optimal amount of product to order from suppliers based on inventory holding costs and ordering costs.

Why Is It So Hard to Find Good Help These Days?

Material Handling and Logistics

TOMPKINS: Sellers today find e-commerce inventory allocation and replenishment to be challenging. WILL: Drone development over the past several years has resulted in a variety of applications and more recently use in the inventory and tracking of items in warehouses. It can scan (inventory) the face of a warehouse location opening but cannot count the product behind the product at the front of the rack opening. The area of most waste was inventory.

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21 Experts Reveal Best eCommerce Platforms for Small Businesses

EMERGE App

And to help you manage your orders, inventory and all the things that happen in the back-end of your eCommerce business, EMERGE App integrates nicely with popular -commerce platforms including Shopify and WooCommerce. With it, users can connect in-store, mobile, and online selling seamlessly and track inventory, sales, and payment processing across all channels in one convenient dashboard. If you have a robust inventory, proper management and workflow is essential.