article thumbnail

3 Questions from Your Future Supply Chain Talent

Logistics Viewpoints

But given the proliferation of ERP systems due to M&A and the endurance of legacy systems in supply chain, this will not be the world many will meet. Smartphones have led them to expect connected applications with beautiful user interfaces and access to a wide range of capabilities.

article thumbnail

Top 15 Logistics Stories of 2023

Logistics Viewpoints

If you haven’t attended recently, it is an unmatched display of warehouse automation, robotics, and software systems. Most recently, APQC has conducted best practice and benchmarking research on last mile delivery. To define what exactly it is, a digital twin is a virtual replica of a physical asset, process, or system.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Power of the Network: ERP vs. Spend Management

Logistics Viewpoints

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Networks and Benchmarking.

article thumbnail

New Student Projects Suggest Greater Focus on Analytics

Supply Chain View from the Field

John Deere (2) – Life Cycle Cost Benchmarking – The team will benchmark industry leaders to document and define best practices for measuring direct material cost over the lifecycle of a product. The team will benchmark industry leaders to document and define best practices for measuring total acquisition cost. .

article thumbnail

The WSJ Drucker Management 250 List: NC State’s Input into the Ratings

NC State SCRC

Based on several iterations of discussions, reviews of metrics, and benchmarking, the team settled on a system for assessing two important indications of supply chain performance. All indicators were judged against the following criteria: • They needed to be rigorously developed based on sound statistical methods.

article thumbnail

Getting that “Swing” in Supply Chain Management

Talking Logistics

The answer is well documented and proven: you need a strategic planning and management system, such as the balanced scorecard , that aligns “business activities to the vision and strategy of the organization, improves internal and external communications, and monitors organization performance against strategic goals.”.

article thumbnail

Industry 4.0: Will Your Business Survive?

Murano Corporation

which combines Cloud Computing, Big Data and Analytics, Horizontal and Vertical System Integration, the Internet of Things, and Cybersecurity to interconnect manufacturers and their customers and suppliers in an extended supply chain. systems are already in use in small, isolated applications. Six Principles of Industry 4.0