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Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. Warehouse Automation. Source ID. Content Summary: Honeywell and Carnegie Mellon Partner to Bring AI to the Warehouse.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. Today, there are many top 3PL warehousing companies that handle warehousing, fulfillment, logistics and distribution services for companies of all sizes.

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Top 25 Supply Chains of 2018

Material Handling and Logistics

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. So the CSR score too is more of a popularity contest than a consistent metric. So in 2018, McDonald’s joins Apple, Procter & Gamble and Amazon on a separate “Masters” list, as one of the “best-of-the-best.”. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID.

Global Trends in Digital Supply Chain - 2018 Review

Abivin

The year 2018 saw the increasing use of advanced technology to give more intelligence to logistics operations. With the end of 2018 approaching, let’s look back with Abivin at some of the most prominent trends in supply chain management. Source In the year 2018, Artificial Intelligence (AI) and Advanced Analytics have evolved into the kind of “can’t do without” technology. But what happens when you can’t process a huge amount of data coming from different sources?

Building the Business Case for Supply Chain Risk Management

Cerasis

On the other hand, only 8 percent of companies that were rated by their executives as less than significantly above average on supply chain-related metrics have the same performance. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995.

50 expert tips on logistics planning and strategy

6 River Systems

“Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response. “As for your internal systems, real-time inventory management helps you manage your fulfillment warehouses. After all, one of the more difficult aspects of managing warehouses is what to do with excess inventory, so you need to reduce it as much as possible.” Warehouse Operations

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. What alternative plants/factories/sources of supply do they have at their disposal? The slowdown had a final price tag of $770 million for Washington business alone—the sum of net delinquent shipments and additional costs such as warehousing and truck idling fees.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts. Michael answered his own question by pointing out that most companies have some combination of transportation management systems (TMS), warehouse management systems (WMS), order management systems (OMS) or an ERP that contain tremendous amounts of data that they can use to better understand service levels, freight spend, profitability, and many other metrics.

Customer Experience Driving Innovation for High-Performing Companies

Talking Logistics

To gain insights on that question and more, Adelante SCM and BluJay Solutions conducted a web survey of supply chain and logistics professionals in March 2018. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, August 2018. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, August 2018.

Real-Time Monitoring Fuels IoT Growth In Manufacturing

IQMS

Manufacturers in the high-performance cohort captured in our latest survey are using real-time monitoring to aggregate metrics and gain a 360-degree view of manufacturing operations accessible from any mobile or handheld device. The high-performance cohort is quick to aggregate metrics and gains a 360-degree view of all shop floors, often having real-time availability of Overall Equipment Effectiveness (OEE) across multiple production lines.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

However, sourcing managers with a narrow focus on delivery are missing out one of the greatest advantages of forging collaborative supplier partnerships: an opportunity to drive synergies that are otherwise perceived as impossible within the confines of the business. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor! Subscribe Here!

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Identifying sources of risk and developing a plan are only part of the story. Establish appropriate metrics that correspond with the steps outlined in your contingency plan. What alternative plants/factories/sources of supply do they have at their disposal? The slowdown had a final price tag of $770 million for Washington business alone—the sum of net delinquent shipments and additional costs such as warehousing and truck idling fees.

5 fundamental ways to reduce Last mile Delivery Costs

Abivin

You can measure your fleet performance with 5 key metrics for last mile delivery. Source 1. Source 3. Locate Warehouses in urban areas The third way to reduce last mile cost is placing warehouses in urban areas, near end-user places. Depending on your business, there are different types of warehouse: sun warehouse, x-dock. Source In this era of digital transformation, enterprises have incentives to integrate technology to coordinate deliveries.

Collaboration and Visibility in the Supply Chain

Oracle SCM

Often this data is rolled up organizationally, geographically or in distribution through performance metrics or key performance indicators (targets change with these roll ups). Optimal inventory management using data from point of sale systems, in store inventory updates, in transit inventory and VMI on hand at supplier warehouses. Drive acquired sites from traditionally local, higher priced sources, to the best commodity prices. Tom McDonough , Sr.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

Supplier and Company Manufacturing facilities, Warehouses, Distribution Centres, Retail outlets, Return and Repair operations and Consolidation points are all Supply Chain nodes which use resources to perform their processing activities. Low cost sourcing is a predominant reason for this geographically dispersed network. Do they have a plan to get all of their energy needs from sustainable and renewable sources? Copyright Mortson Enterprises Inc, 2018. Subscribe Here!

5 ways TMS transforms Logistics Managers' jobs

Abivin

Automate the manual process Source It can be very time-consuming to do the repetitive work manually. Manage data and information in real time Source Thanks to TMS integration, you can perform data management and information management in real time. Enable a proactive approach towards supply chain management Source Why is this important? You are also equipped with a way to manage costs and handle internal metrics.

Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

The 2018 FIFA World Cup soccer championship has drawn millions of sports enthusiasts to Russia. million shipped items and 60 metric tons of air freight.*. To ensure efficient processes, make the best use of warehouse space, and ensure short delivery times over long transport distances, shippers and forwarders generally rely on the most cost-efficient transport mode and/or route. Source: [link].

Is it Advantage Organized Retail in India?

Logistics Trends and Insights

For more on Raghu and how to contact him with questions, sources etc. Amit Agarwal, the India head, had a ringside view of the China challenges as technical advisor to Jeff Bezos and ensured there was investment to start operations from the ground up with onboarding assistance for sellers, ability for consumers to pay cash on delivery and a relentless focus on the customer experience while their competitors were focused on different success metrics.

India 60

Value of Analytics for Wholesale Distributors

Silvon Software

Other key performance metrics at the operational level. Without the ability to look at data from multiple sources and from multiple angles, it can be difficult for warehouse distributors to uncover problems that could be costing them money. Analytics can help wholesale distributors maximize profits, but it isn’t just about gaining insights from the data.

‘Tis the (Return) Season Part 1: What You Need to Know to Reduce Returns’ Frequency in E-Commerce

Veridian Solutions

Depending on the source, brick-and-mortar retailers have an average return rate of approximately 10 percent, notes Shopify. The High Costs of Returns in E-Commerce More than $400 billion worth of merchandise will be returned following the 2018 holiday shopping season, notes Retail Dive, and that figure will swell to more than $550 billion by 2020. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

Get Ready for Holiday Now … Make It Boring (From A Supply Chain Perspective)!

Supply Chain Game Changer

Focus on your key cost, quality and delivery metrics. They must understand the physical size of those skus, the promotional strategy, and the supplier sourcing, delivery and replenishment plan. Further there may be changes needed in your IT systems or your Warehouse Management System (WMS). Customer surveys, market research, social media connections and other forms of data gathering are great sources for learning what others are doing in the area of E-Commerce fulfillment.

7 Pitfalls of Amazon FBA (Fulfillment By Amazon)!

Supply Chain Game Changer

Amazon has dozens of warehouses all over the country, and more around the world, so your products may be in your customers’ hands quickly. The inventory that’s on the shelves and logged into the system is the inventory your 3PL warehouse can pick, pack and ship to your customers. Amazon FBA sometimes falls short in this crucial metric. Your 3PL warehouse can do a lot more than store inventory, pick and pack, and ship orders. Subscribe Here! Email Address.

‘Tis the (Return) Season Part 1: What You Need to Know to Reduce Returns’ Frequency in E-Commerce

Veridian Solutions

Depending on the source, brick-and-mortar retailers have an average return rate of approximately 10 percent, notes Shopify. More than $400 billion worth of merchandise will be returned following the 2018 holiday shopping season, notes Retail Dive, and that figure will swell to more than $550 billion by 2020. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. E-commerce carries a higher rate of returns than brick-and-mortar stores.

Attracting Millennials in the Supply Chain Means Getting Your Digital Supply Chain In Order

Veridian Solutions

A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Millennials have an advantage over previous generations; they are “digital natives,” asserts John Simpson of Source Today. Veridian, a Manhattan Associates, HighJump, and JDA warehouse management system implementation company, can help you realize your supply chain success. As explained by Brian Barry of Multichannel Merchant , millennials make a growing cross-section of the American labor force.

Manage and Share Your Sourcing Data Effortlessly with ASO: Data Warehouse

Jaggaer

According to JAGGAER’s 2018 Digital Procurement Report , technologies related to data analysis are the most valued and desired pieces of technology among respondents. One small mistake in examining or presenting data points within your sourcing activity could cost you. Businesses need a strategic approach to managing their sourcing data. The Data Warehouse is the future of data management for your procurement suite. Sourcing

Beyond the Beer Game: Tips for Responsible Logistics Gamification

Logistics Bureau

Essentially, gamification is just an expansion of the use of metrics and KPIs to measure human performance. The difference is quite subtle, but lies in the fact that while rewards (financial or otherwise) may play a part in logistics gamification , they should not become the sole source of motivation. If you wish, you can implement gamification in inventory management and warehousing, transport management or even into the cabs of trucks if you run a commercial-vehicle fleet.

Digital Orchestration of Your Supply Chain Requires “3-D” Orchestration

Supply Chain Action Blog

This kind of value network strategy goes beyond determining where to put a warehouse and to which stores it should ship. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc., Diagnosing systemic challenges requires a hierarchy of metrics with respect to cause and effect (such as the SCOR® model). Copyright 2018 Oracle Corporation.

Ava Ex Machina and the Retail Supply Chain

Supply Chain Action Blog

This kind of value network strategy goes beyond determining where to put a warehouse and to which stores it should ship. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc., Diagnosing systemic challenges requires a hierarchy of metrics with respect to cause and effect (such as the SCOR® model). Copyright 2018 Oracle Corporation.

Manufacturing Gains From Machine Learning

IQMS

The ten ways machine learning is revolutionizing manufacturing in 2018 include the following: Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations are is achievable with machine learning. Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp.,

Detect Problems, Diagnose Causes, and Direct Next Best Actions Before Negative Business Impact

Supply Chain Action Blog

This kind of value network strategy goes beyond determining where to put a warehouse and to which stores it should ship. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc., Diagnosing systemic challenges requires a hierarchy of metrics with respect to cause and effect (such as the SCOR® model). Photo licensed through iStockphoto.

Detect Problems, Diagnose Causes, and Direct Next Best Actions Before Negative Business Impact

Supply Chain Action Blog

This kind of value network strategy goes beyond determining where to put a warehouse and to which stores it should ship. Detection of systemic challenges will be a bit more gradual and is based on the metrics that matter to your business, such as customer service, days of supply, etc., Diagnosing systemic challenges requires a hierarchy of metrics with respect to cause and effect (such as the SCOR® model). Photo licensed through iStockphoto.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

Source: Evan, Flikr. “I SophiaTX Open Source Platform to Integrate SAP, Blockchain. What will happen in 2018? Mexico and Canada are heading into 2018 with no clear plan for saving the North American Free Trade Agreement,” states a Bloomberg article published on December 15. Will prices continue to increase in 2018? For more insights and advice on this topic, stay tuned for an upcoming research report to be published in Q1 2018.

Top 10 New Year’s Resolutions for Wholesalers in 2019: Drop Those Bad Habits from 2018

EMERGE App

And you might still be shaking off a hangover and wondering where on earth did 2018 go. Well, today is the day to take stock of what you did right , and what went wrong , in 2018. Source Sensibly and Sustainably. Spring Clean Your Warehouse. Just like cleaning out your dusty wardrobe every now and then, you also need to take stock of your warehouse and take a look at it with a fresh pair of eyes. Keep an eye on this metric to avoid a deadstock situation.

Benchmarking Success: Focus on what Matters

Logistics Bureau

My first step was to engage Benchmarking Success (BMS) to understand what the “best” for each business really meant from an independent source. We set our performance targets according to the best-in-class metrics and I ended up helping these three companies successively achieve demonstrable best-in-class supply chain performance. They know of course how they did against last year and they’ll probably have some customer satisfaction metrics, but that’s not the full picture.

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Some of the most common are: Buying or renting your own warehouse. To buy or rent a warehouse, there are fixed-capital investments involved and then there’s the cost of operating it. If you need more than one facility, often times you’ll have to multiply efforts to source and procure the location and services you need.