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The Failure of Existing Demand Planning Solutions. During the pandemic, supply chain leaders turned off their demand planning solutions. Also, the solutions lacked flexibility. With fixed models and hard-wired data feeds, teams could not adjust the planning systems to use consumption data or market indicators. The reason?
Containerization eventually reduced shipping and loading costs by at least 75%. The trade with Asia we take for granted today was only possible by mitigating a significant supply chain trade-off – reducing costs without appreciable impacts to quality and service. The myth of the “perfect plan”.
by Martin You – Sales Director for Asia Pacific at E2open. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great Supply Chain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.
If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
Billion Acquisition of e2open Australia based logistics software provider WiseTech, developer of logistics execution software CargoWise , announced an agreement to acquire U.S. listed B2B logistics platform provider e2open Parent Holdings for a reported $2.1 WiseTech Announces $2.1 million in total revenues, a decline of 4.8
Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.
Streamline Your Route Planning Process Daily route planning can quickly become overwhelming, especially if you’re managing delivery routes using spreadsheets, manual methods, or basic mapping tools. Top 10 Route Planning SoftwareSolutions: Overview Here’s a quick comparison of the top route planning softwaresolutions in 2025.
Key Last-mile Delivery Technology Solutions How can technology directly impact last-mile operations and improve the customer experience? Sustainability: Reduce the carbon emissions impact of last-mile operations by adopting green fleets and implementing emissions reporting. Cost is an important consideration as well.
E-commerce continues to grow yearly and it’s estimated that it will make up 30% of retail purchasing by 2024. Last-mile delivery accounts for 53% of overall shipping costs. These options help to increase delivery agility for retailers, but also introduces greater complexity and cost.
As more consumers flock to e-commerce, purchasing big & bulky goods such as furniture, appliances, and wholesale electronics online is becoming more common. The trend of purchasing big & bulky items online will continue to grow, with Statista predicting 35% of furniture sales worldwide will be made online by 2025.
Technology allows shippers to work smarter, faster and with fewer human resources, and new technologies, such as drones and augmented reality, are continuing the process, reports Victoria Kickham of Logistics Brief. Dropshipping refers to manufacturers sending products directly, but products are purchased through a third-party.
When it comes to executing mode-specific freight moves from origin to destination efficiently, reliably, and cost-effectively, transportation execution and visibility solutions play a critical role. Transportation execution solutions allow shippers to connect to multiple carriers and then tender, track, and pay in the system.
The sixth assessment report by the Intergovernmental Panel on Climate Change (IPCC) published in August 2021 once again stressed the importance and urgency of decarbonising all sectors of the economy. It comes from the annual customer survey conducted by logistics software company Transporeon.
In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!
Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.
The following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain. Use analytics to put your available inventory to the best use. Chances are you do have some inventory–make sure it’s being put to the best use with automation and data analytics.
Each year in the United States, the return of goods purchased for the holidays usually peaks on one day in early January; the volume is so significant the day has been designated National Returns Day. This year, due to an increased number of e-commerce purchases, retailers and shippers will experience National Returns Week.
Significant advancements in the Industrial Internet of Things (IIoT) and cloud technologies in recent years has reduced the cost of adopting new technologies and broadening the spectrum of what is available. The cost of internet-connected devices has also dropped significantly making IIoT solutions more affordable at scale.
Essential Skills for Supply Chain Leaders in Asia during Pandemic The Asian Institute of Management conducted a study across orgainsations in Asia to identify crucial skills and competencies required by supply chain managers and leaders in Asia.
Also, 62% of online shoppers in the US say delivery speed is what makes for a good purchase experience. Many retailers fulfill customer preferences in attempting to adhere to faster delivery timelines, but fail in the long term due to capacity and cost constraints. This number is said to climb up to almost 285 million in 2025.
Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues.
Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance.
Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?
While a monolithic enterprise platform is no longer useful in today’s network-based world, it can still play an important role in aggregating and reporting the financial performance processes of the enterprise. Some other radical improvements that have been achieved include: Reducing supplier expediting costs by 60%.
Fortunately, the deep recession that many economists predicted didn’t emerge. Economics reporter Ann Saphir explains, “Americans borrowed more than ever on their credit cards in the [second quarter of 2023], with balances surpassing $1 trillion for the first time even as overall household debt loads were largely unchanged.
It is just not enough to do a software upgrade or slowly push continuous improvement projects. Shell’s current shift to the global supply chain is impacting North America, Latin America, Europe, Middle East, Asia, Russia, and China. He needed to find new solutions. Incrementalism Is Not Enough. A Brief History of IT Investments.
Reported April 24 Over 60% of our business is from products that are manufactured, bagged, assembled or grown in the United States and only 12% of our business is direct imports. Recall, we purchased targeted additional inventory in late fiscal '25 and early fiscal '26, ahead of tariffs. A big thanks to you all for reading my articles.
As a consumer, I expect when I invest in an appliance or a tool, it will keep working for a reasonably long time to bring a return. Another way to reach carbon neutrality is to lower the amount of carbon emitted by investing in alternative energy solutions. Geo thermal Power Station in Iceland. M achines are built to last !
Procurement professionals are now playing an increasingly strategic role within their organizations. Procurement of raw materials and components that go into the manufacturing process is essential to ensure final product quality and strong financial performance. The new procurement professional needs a broad set of skills.
With the evolution of cognitive learning, cloud-based analytics, non-relational technologies, and streaming architectures, the ERP vendors are no longer the center-piece of supply chain visionaries’ discussions. With rising labor rates in Asia, the drivers for Indian IT services are in question. New business models are evolving.
As part of LogiSYM Asia Pacific 2022, we had the opportunity to chat with Vittorio Favati, Chief Executive Officer – TVS Supply Chain Solutions GFS. The experience stems from the ground up as an operator, then assuming global roles spanning Asia, Europe, and North America and the journey has been incredibly exciting and fulfilling.
She explained that she owned a Warehouse Management System, purchased a Proof of Delivery Software as a Service, implemented a licensed-to-use Accounting & Distribution System, deployed a customised online Order Management System and that she is struggling with fragmented data and documents across these systems.
82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Overcome supply chain challenges – and maximize margins in the face of inflation – with retail planning software and demand forecasting tools. Material Handling & Logistics ).
If you purchased trucks for your shipping fleet, how much carbon was emitted in making those vehicles? Calculating and Reporting Carbon Emissions. Reporting your emissions is nearly always done based on whether or not the company is making progress in cutting emissions or not. Business travel is also in this scope.
It is a cornerstone of modern logistics, supported by fleet management tools designed to determine the most efficient route, minimize travel time, reduce fuel consumption, consider vehicle capacity and ensure timely deliveries. They analyze millions of permutations in seconds to find the best routing solution.
Direct purchasing by governments and state-owned enterprises accounts for 12 percent of GDP in OECD countries, and in the U.K. Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards.
Every major publication and news outlet is reporting on the supply chain crisis. Most of the reporting has been pretty shallow, leaving all to wonder how it can be solved. . The problems we are experiencing now started in March 2020 when COVID hit and suppliers in Asia shut down. . Get the Report. So what can we learn?
Companies had to survive the disruptions by obtaining visibility throughout their supply chains, some may have done so through large amount of manual effort rather than more automated solutions. Supply chain managers require visibility to track the necessary components from a purchase order for production or to fulfill a customer order.
The Asia-Pacific region has one of the largest number of fabricated metals manufacturers in the world. Cost efficiency, quality management and traceability are major issues for companies in this region. Many governments are also offering incentives for manufacturers to invest in energy-efficient solutions.
The free report is available in PDF with supporting spreadsheets and high-resolution infographics here. Other sources reported that DB Schenker was not the only forwarder making this shift. Maersk 2019 Annual Report. In order to leverage this advantage, the right “delivery” tool for the digital maritime services needs to exit.
The launch of the new development center in Helsinki comes six months after Amazon acquired local 3D modeling firm Umbra. The engineers will begin by developing 3D software to emulate the “complexities of real life.” New aircraft purchases are focused around twinjets such as the Boeing 767 and 777.
The Lean journey should focus on straightforward activities that everyone can see and understand because the tools take on a life of their own, causing the operation to lose sight of the simple goal of waste elimination. . - Keep it Simple : It’s important to not over complicate things.
A report also found that a fifth of the 2,000 largest publicly-listed companies in the world have pledged to pursue a net-zero strategy. YCH Group, one of Asia’s leading supply chain and logistics conglomeratesis another supply chain company that is using solar power to help cut their CO2 emissions.
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