What is Supply Chain Optimization? Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. What does supply chain optimization involve? We now have welcomed Supply Chain 4.0 MORE

What is supply chain optimization? Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. MORE

By 2023, 30% of manufacturing companies with more than $5B in revenue will have implemented Industry 4.0 Increasing visibility across every area of manufacturing starting with suppliers, strategic sourcing, procurement, and supplier quality to shop floor operations including machine-level monitoring and service, blockchain can enable entirely new manufacturing business models. provide valuable insights into how blockchain can improve supply chains and manufacturing. MORE

Infamously associated with child labour and deforestation, Nestle has had to focus efforts on improving practices and implementing supply chain transparency in recent years. And so what for retail procurement? MORE

While most food and drink stakeholders have concentrated on digitizing their supply chains, increasingly grocers are looking to the consumer side of digitization to grow their business. ” she goes on to note, “Instacart, Kroger, FreshDirect, and Peapod represent all of the other major grocery chains, with Instacart ranking as the largest third-party delivery service. Data breaches are one of the quickest ways to lose consumer confidence and support. MORE

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. Getting Data right is an imperative. Source: 2019 Supply Chain Data Quality and Governance Study. MORE

RPA as it is also referred to, has the capability to transform supply chain management. For an industry that increasingly requires higher logistics pipeline velocity without sacrificing accuracy and at lower costs, RPA is a natural choice for high performing supply chain organisations. MORE

One area in which there is no shortage predictions is the supply chain. Simon Ellis, Vice President of IDC Manufacturing Insights, observes, “The supply chain continues to undergo almost unparalleled levels of change. The supply chain has increasingly become a critical function for companies to realize their business aspirations and is a competitive weapon in the modern, digital economy.”[1]. Supply chain trends. MORE

Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. A key component of this technology trend is the need for a supply chain visibility platform. Research shows that having real-time supply chain visibility is necessary to build a responsive, resilient, competitive, and profitable operation. MORE

Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy. Tip #1 – Use holistic data modeling to optimize organizational needs. Where are you on your Procurement journey? MORE

The world of supply chain and logistics is changing every day. Each one is featured as having done something unique to reinvent their supply chain and logistics. Adidas @adidas Adidas is expected to move nearly 20% of its production to more automated factories by 2023 , many of them potentially proprietary. For discount retailers like Burlington, the supply chain is often a competitive advantage — and thus a secret recipe for success. MORE