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A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities. Achieving these goals requires visibility into the entire supply chain.
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. Theres no shortage of commentary on how companies should respond move production, shift suppliers, and reconfigure operations are just a few common recommendations.
A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities. Achieving these goals requires visibility into the entire supply chain.
Regulatory Demands: Governments worldwide are enforcing stricter emissions standards and introducing carbon taxation schemes, pressuring companies to adapt. Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. Transparent sourcing practices build trust among consumers and investors.
Artificial intelligence (AI) is reshaping supply chain operations by enabling predictive planning, allowing companies to anticipate disruptions before they occur and adjust operations accordingly. Companies must react after the fact, often incurring higher costs and reduced service levels.
If so, optimizing your inventory management strategy can be a game-changer. Imagine shipping products directly from your supplier to your customer while maintaining the appearance that your business is the source. This method offers a solution to various inventory and shipping challenges for businesses just like yours.
They noted the fact that companies whose leaders had supply chain experience took a more proactive approach to addressing potential supply-chain challenges, and in leveraging the supply-chain function to generate new business opportunities. They are no longer just vendors of goods and services.
Optimizing fulfillment requires a series of steps to get a shipment from its source to the end customer. These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management.
This is the largest area of investment for the company outside of ERP. SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. It is a brilliant tool.”
In a broad sense, optimization refers to creating plans that help companies achieve service levels and other goals at the lowest cost. Without accurate data, companies face the garbage in, garbage out problem. These predictions accelerate a company’s ability to verify how its extended supply chain is constructed.
Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Resilience is the ability to respond to disruption while maintaining core operations, and more companies are shifting their strategies accordingly. For years, supply chains were engineered to be lean.
Companies that fail to modernize face supply shortages, revenue loss, and regulatory risks. Just-in-time (JIT) inventory models, lean supplier networks, and offshore manufacturing reduced expenses but left companies exposed to disruptions. Companies that fail to integrate these technologies risk inefficiencies and higher costs.
Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. The larger the company, the greater the danger of duplicative, conflicting, or siloed systems.
What food and beverage companies need to know about tariffs: Lessons from Canada sharkins Fri, 05/16/2025 - 09:53 Tariffs have been a constant threat since the beginning of 2025, but one sector has felt the impact more immediately than most: consumer packaged goods. Enter a Canadian supermarket today, and you will witness the transformation.
This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing. As the global organization developed, companies increased their dependency on third-party manufacturing and distribution (increasing latency) without investing in value network technologies. Inventory Health.
Companies are increasingly adopting electric and hydrogen-powered vehicles to transition away from fossil fuels. Innovations in biodegradable and reusable materials, coupled with lightweight designs that reduce shipping weight, are helping companies minimize waste and lower emissions.
Source: mainebiz.biz In today’s rapidly evolving logistics and supply chain sector, warehouses are increasingly turning to innovative technologies to gain a competitive edge. Robotic arms handle repetitive and intricate tasks such as picking and placing items, whereas drones are employed for inventory management and surveillance.
The resulting strategic question for companies is: How do we build resilient supply chains when even the rule-makers are unstable? Automakers must model dual-path sourcing strategies and reintroduce buffer inventory—not just for parts, but for regulatory flexibility.
Excess inventory weighs down supply chains. Companies often overproduce to hedge against demand swings, yet end up with shelves of unused goods. The Hidden Costs of Traditional Inventory Models Traditional inventory models were built for predictability. But in volatile markets, they often backfire.
From raw material sourcing to logistics and regulatory compliance, stakeholders across the value chain will need to prepare for structural adjustments. Sourcing and Ingredient Availability A central impact of this policy is the need to replace synthetic colorants with natural alternatives. Production scheduling may also be affected.
The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supply chains. auto parts are sourced from Mexico, making the tariff impact immediate and severe. Approximately 40% of U.S.
Companies leaning heavily on global sourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Strategic moves like bulk buying, closer supplier partnerships, and syncing procurement with supply chain planning can tighten inventory, cut waste, and free up cash.
Here we have compiled a list of the top six challenges that CPG companies face in the post-pandemic market. CPG companies that utilize an autonomous supply chain technology see a reduction in their inventory and cost and an increase in revenue. each with discrete plans generated typically in sequential batch runs.
Here I define value as improving market capitalization/employee for a public company. Compared to peer group performance for 2013-2023, 59% of the Gartner Top 25 score below their peer group on average revenue growth, 41% below inventory turns, and 41% below their sector on invested capital. The answer is not th e Gartner Top 25.
Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization.
A better forecast leads to carrying less inventory while maintaining or even improving service levels. The improvement in forecasting contributed to an increase in service levels by 10% while reducing inventory investment by 20%. A company can go bankrupt, and a machine could be programmed to understand that.
Balancing forecast accuracy with inventory management gets more challenging every day. These approaches help companies improve short-term, mid-term, and long-term planning. Download Now AI Solutions for Complex Demand Planning For supply chain professionals, managing demand involves analyzing multiple signals from diverse sources.
The adoption of AI in supply chain automation is enabling companies to make more accurate decisions, reduce cycle times, and better manage complexity. AI in Procurement: Enhancing Sourcing and Supplier Management Procurement has traditionally relied on human expertise, manual comparison of supplier options, and analysis of past performance.
Supply chain teams face a similar dilemma – companies are overloaded with vast amounts of data, and the ability to sift through the noise and focus on relevant insights has become a critical capability. Companies must harness a wide variety of data structures and formats, spanning internal and external sources.
More broadly, AI can be deployed across functions to shift inventory, switch transportation modes, find new carriers, communicate across functions and regions with customers and partners, and otherwise deliver a smart, collaborative response. For most supply chain and logistics teams, their execution options are not limitless.
Table of Contents ** Minutes What is product sourcing? Where can I source products from? This makes it essential that buyers understand where they are sourcing their products from and how that ultimately affects their brand. What is product sourcing? Where can I source products from?
For my long-time readers, you know that fewer than 3% of companies outperform their peer group in our Supply Chains to Admire analysis , and that the Gartner Top 25 is essentially a beauty contest for underperformers. The companies that people believe are top performers typically are laggards. The third step is to do a data inventory.
Companies today making a fundamental mistake: they are attempting to automate current processes with AI versus challenging and redefining work. Supply chain was defined in 1982 as interoperability between source, make and deliver. Most companies forecast a single stream with a focus on error. What’s missing?
In todays volatile global landscape, wholesale distributors and aftermarket companies face an uphill battle to maintain service levels, manage costs, and ensure competitiveness. Technological Advancements Real-time inventory tracking and predictive analytics give leading firms a competitive edge.
Their session, “Navigating a New Normal for Supply Chain Resilience,” highlighted alarming trends, including: Rising supplier concentration risk : Most companies work with either too few or too many suppliers. Both scenarios carry hidden dependencies, but overreliance on single or sole sourcing is increasingly a hidden challenge.
Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.
This week in supply chain and logistics news includes Blue Yonder being selected to support Border States, an electrical distribution company, with their warehouse management needs. The Clorox Company announced at a conference this week that it will be updating its 25-year-old ERP system across the United States.
Surviving the ride: How leading industries are turning tariff challenges into opportunities fbaker Thu, 05/29/2025 - 08:01 Navigating today’s unpredictable trade landscape can feel a bit like a white-knuckle ride, with companies constantly bracing for the next twist. Read more about how automotive leaders are adapting to tariff challenges.
Your Aftermarket Supply Chain is More Complex Than You Think: Stop Guessing, Start Optimizing Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Suboptimal inventory distribution: excessive stock in low-demand locations and shortages in high-demand areas.
To mitigate risks, many companies are incorporating alternate parts into their sourcing strategy. Here, we highlight some of the obstacles with alternate parts sourcing and discuss key considerations to help streamline the process. 5 ESSENTIALS FOR SOURCING ALTERNATE COMPONENTS 1. Focus on commodity parts.
I see a few companies making progress, but most are going through the endless cycles of trying to implement a technology project. What is the role of make, source, and deliver? How does a company define supply chain excellence. In my qualitative interviews, few global companies larger than 5B$ rate their projects successful.
… Additionally, data visualization allows companies to drill down into the variances and see where to make adjustments. Understanding the drivers of optimized recommendations is crucial, helping companies better understand their business. Companies are no different.”[4] ” Inventory optimization.
Shortages of products from toilet paper to microchips during the coronavirus pandemic highlighted the value of supply chain resiliency, and the opportunities for companies that aren’t as prepared as they would like. A supply chain built for resiliency allows a company to adapt to unpredictable forces while maintaining customer service.
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