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Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The distributor maintains the inventory plan. Ask for copies of documents. MORE
Logistics can be traced all the way back to the Greek and Roman empires , but it’s undergone several major transformations as new technologies provide opportunities to more efficiently manage the movement and storage of goods. In the digital transformation age, logistics is once again undergoing a major shift. These technologies also contribute to a rise in big data and analytics in the logistics field. ” Meet Our Panel of Logistics Pros: Brian Jessup. MORE
A managed inventory depends heavily on teams and leaders that can communicate with each other to avoid operational issues, overstocking, or worse, running out of inventory when the customer is ready to buy. It all makes communication a vital part of maintaining a managed inventory. MORE
Planning a Lean Inbound Logistics Strategy. At LeanCor, we refer to our inbound logistics solutions as lean logistics engineering. The lean logistics engineering process incorporates several complex factors including volume fluctuations, sourcing changes, and lead, window, and service times to determine transportation modes, sourcing locations, freight consolidation, trailer loads, route combinations, and freight sequences. MORE
Most transportation costs in a company arise from inbound logistics cost. If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Part of the problem lies in misconceptions around inbound logistics, including manual, data-intense processes and added stress. Better Visibility Leads to Effective, More Accurate Inventory Management. Logistic MORE
Now, on to this week’s supply chain and logistics news… Exclusive: Wal-Mart seeks to test drones for home delivery, pickup ( Reuters ). Some follow-up thoughts based on the comments received: First, from a supply chain and logistics perspective, I believe Walmart continues to innovate and lead the industry in many areas. According to Reuters , Walmart applied for permission from the FAA to test drones for home delivery, curbside pickup and checking warehouse inventories. MORE
It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. Visibility is the centrepiece … not only in terms of where my inventory is, in which channel, and where to move it, but also in consumer demand, and how can I be ahead of that game and forecast the demand?” MORE
In this week’s supply chain and logistics news… Pitney Bowes Expands Cross-Border Ecommerce Capabilities with the Acquisition of Borderfree. XPO Logistics Announces First Quarter 2015 Results. Borderfree manages all aspects of the international shopping experience, including site localization, multi-currency pricing, payment processing, fraud management, landed cost calculation, customs clearance and brokerage and global logistics services. MORE
Needs for efficient reverse logistics systems continue to increase as e-commerce claims greater market share, and as so many traditionally functioning businesses grow and inevitably incur increasing volume of returns. This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals. Need For Reverse Logistics Breeds Opportunity. Efficiently managing reverse logistics is a daunting challenge for many businesses. MORE
It involves myriad and largely detached logistics vendors. The complexity doesn’t end here, there are plentiful of documents and Customs clearance rules that differ in each country. How tech-enabled software is paving way into logistics? 20Cube logistics is bringing in all stakeholders (buyers, suppliers, Customs experts, trucking companies, airlines, shipping carriers) to a single platform through its collaborative cloud-based integrated portal, “MyHub”. MORE
If you’re a supply chain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. The good news is that leading practices in supply chain risk management are well documented in various books and publications , and new software applications are emerging to help companies manage this process. For a long time, C-level executives viewed supply chain management, especially the logistics function, as a cost center. MORE
Menlo Logistics Opening New Multi-client Warehouse in Ladkrabang, Thailand. Kuehne + Nagel inaugurates North America’s regional Integrated Logistics Control Centre in Raleigh, NC, USA. Over the years, Infor had a acquired several TMS applications (including CAPS Logistics and Arzoon), but it’s clear from this partnership that the company has opted to partner with a best-of-breed provider than trying to modernize and enhance those legacy solutions. MORE
Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. What is vendor-managed inventory? The benefits of the vendor-managed inventory process include: Enhanced visibility for vendor. Maintaining optimum inventory levels. MORE
Did you come up with any New Year’s resolutions to improve as a supply chain and logistics leader this year? From “5 New Year’s Resolutions for Supply Chain & Logistics Executives” originally published on January 14, 2014: 1. The good news is that leading practices in supply chain risk management are well documented in various books and publications , and new software applications are emerging to help companies manage this process. Happy New Year! MORE
Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently. The Basics of Inventory Planning. Good inventory planning supports a number of vital business objectives including: Customer service and satisfaction. The Cost of Poor Inventory Planning. MORE
Managing multichannel inventory requires clear and concise inventory strategies to combat the challenges associated with multi-platform sales. By increasing visibility, working with supply chains, reconciling inventory, connecting systems, and managing safety stock levels, you can improve multichannel inventory management. Reconciling inventory. Regular inventory management can also be problematic when numbers don’t line up. MORE
According to a recent survey conducted by Forbes Insights , 65% of logistics, supply chain and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in order to ensure omnichannel delivery, reduce costs and meet the ever-shifting consumer demand. The path to increased operational efficiency and customer satisfaction lies in the digitalization of logistics workflows. Subscribe Here! Email Address. MORE
The impact has been far reaching, and at Logistics Viewpoints, we have documented many areas of concern, including the impact on manufacturing supply chains in Southeast Asia, the automotive and pharmaceutical supply chains, the high-tech supply chain, and the impact on retail. The post The Ongoing Impact of Coronavirus appeared first on Logistics Viewpoints. Coronavirus continues to impact the world, stunting supply chains and the global economy. MORE
I’m on limited time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: enVista Launches New Business Entity, Enspire Commerce®. We founded Enspire Commerce to address gaps in the marketplace for price-competitive solutions that solve the complexities of omni-channel inventory visibility, order routing and fulfillment execution between retailers and their stores, logistics partners and vendors. MORE
Over time it was understood that this was much needed and it actually helped in organizing and setting up different logistics and transport sectors to speed up their overall processes. From the movement of trucks to managing a good economic supply chain, GST affected logistics in a great way. The logistics sector in India is worth $130 million and the number is gradually increasing with a passing day. Right after first party logistics, came second and third party logistics. MORE
Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. Pull-based inventory management, on the other hand, uses consumption to replenish from the supply base and manage inventory. Inventory levels actually increased at downstream (buyer) facilities. MORE
Logistics professionals require exemplary international online logistics tools to help them carry out their daily businesses with ease and deliver the best for their customers. Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions. Top 8 Online Logistics Tools For Logistics Professionals. This optimization tool for inventories is cloud based. The Logistics mobile app. MORE
Check out What Exactly Is Reverse Logistics? The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. MORE
XPO Logistics to Acquire 3PD, the Largest Provider of Heavy Goods, Last-Mile Logistics in North America. According to the press release: Oracle In-Memory Consumption-Driven Planning helps organizations understand and respond on a daily basis to true end-customer demand thus helping to reduce bullwhip effect and to improve on-shelf availability and inventory turns. . MORE
Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. Logistics at Light Speed. MORE
Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. Making supply chain and logistics predictions is like throwing darts at a moving target. How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. The Case for Competing on Logistics Talent. MORE
Reverse logistics is filled with risk, and the rate of reverse logistics in e-commerce is higher than any other channel, reports Business2Community. Using a WMS in reverse logistics can help meet this rise in demand and increase customer satisfaction. MORE
In my last four posts, I talked about order aggregation , new inventory replenishment policies , why a network model makes so much sense , and the all important ASN. Today I want to discuss inbound logistics requirements. Thus similar to EDI, logistics needs to be considered part of the transactional flow, not a separate set of functions to be integrated. All supplier shipments must be accompanied by appropriate documentation. SMMT/Ltd Flickr. MORE
Granted, it’s not the budget-friendly cross-border air shipping service I dream about for my occasional need to send documents overseas, but I hope it might pave the way for it. The post Is the “shared economy” changing logistics? General News Inventory management capacity management Capacity planning Logistics shared economy by Alvaro Fernandez Did you know it costs approximately $100 to send an envelope from Ottawa, Ontario, Canada, to Caracas, Venezuela? MORE
Step 1: Digitize your documents. A leading logistics provider – which works with a large global network of carriers through air, ocean and land – is leveraging AI to increase economic efficiency, enabling them to provide more affordable solutions to their customers. Ghodke says an important first step to staying ahead of the competition is to move beyond manual data entry with an AI-driven technology like Document Digitizer. MORE
Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. We will then finalize the series on logistics key performance indicator success management with practical techniques to carry through the academic subjects we've covered thus far. . MORE
To stay ahead, tech-smart operations, savvy professionals are using logistics and supply chain mobile applications as must-have tools for operational excellence. Logistics & Supply Chain Mobile Applications Top 12. EazyStock – Inventory Optimization Software. MORE
The Art of Logistics Management. How is it that supply chain and logistics management can make such a difference? After all, isn’t logistics “merely” a company’s management of material, product, and information flows in the supply chain? Those who work in the field of logistics recognize difficulties associated with getting the right product to the right place at the right time in the right quantity and condition at the lowest possible cost. MORE
In this blog, Camcode discusses how collaboration provides supply chain disruption to impact the future of logistics management. Logistics companies today are working with increasingly distributed teams, and that makes tracking critical assets a more challenging proposition. On the tracking side of things , it’s no longer necessary to take meticulous notes and manually document dates, actions, and status information. Logistics Supply Chain MORE
The benefits of outsourcing logistics processes to a third-party logistics provider (3PL) are well documented. As the world’s economy has become increasingly complex, it has become impossible for a single entity to control all of the warehousing, transportation and administrative tasks that come with shipping and managing inventory. Basic Facts to Understand Before Outsourcing Logistics. This may include the following: Better inventory management. MORE
” Logistics professionals could adopt that statement as their motto. Half-a-decade ago, Apptricity analysts wrote, “In the world of supply chain and logistics management, perfection remains an elusive goal. ”[1] Between then and now, logistics has become a focal point in today’s e-commerce environment; but, the perfect order remains the elusive ideal. “Logistics companies cannot afford not to be innovative,” he explains. MORE
Cerasis
NOVEMBER 30, 2018
Reverse logistics is filled with risk, and the rate of reverse logistics in e-commerce is higher than any other channel, reports Business2Community. Using a WMS in reverse logistics can help meet this rise in demand and increase customer satisfaction.
Kinaxis
FEBRUARY 22, 2018
Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. What is vendor-managed inventory? The benefits of the vendor-managed inventory process include: Enhanced visibility for vendor. Maintaining optimum inventory levels.
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Cerasis
MARCH 6, 2017
Logistics professionals require exemplary international online logistics tools to help them carry out their daily businesses with ease and deliver the best for their customers. Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions. Top 8 Online Logistics Tools For Logistics Professionals. This optimization tool for inventories is cloud based. The Logistics mobile app.
Cerasis
JANUARY 21, 2015
Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The distributor maintains the inventory plan. Ask for copies of documents.
Kinaxis
APRIL 8, 2015
Granted, it’s not the budget-friendly cross-border air shipping service I dream about for my occasional need to send documents overseas, but I hope it might pave the way for it. The post Is the “shared economy” changing logistics? General News Inventory management capacity management Capacity planning Logistics shared economy by Alvaro Fernandez Did you know it costs approximately $100 to send an envelope from Ottawa, Ontario, Canada, to Caracas, Venezuela?
Unleashed
DECEMBER 3, 2018
Managing multichannel inventory requires clear and concise inventory strategies to combat the challenges associated with multi-platform sales. By increasing visibility, working with supply chains, reconciling inventory, connecting systems, and managing safety stock levels, you can improve multichannel inventory management. Reconciling inventory. Regular inventory management can also be problematic when numbers don’t line up.
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LeanCor
APRIL 15, 2014
Planning a Lean Inbound Logistics Strategy. At LeanCor, we refer to our inbound logistics solutions as lean logistics engineering. The lean logistics engineering process incorporates several complex factors including volume fluctuations, sourcing changes, and lead, window, and service times to determine transportation modes, sourcing locations, freight consolidation, trailer loads, route combinations, and freight sequences.
Talking Logistics
DECEMBER 16, 2015
Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. Making supply chain and logistics predictions is like throwing darts at a moving target. How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. The Case for Competing on Logistics Talent.
Cerasis
JUNE 18, 2015
Needs for efficient reverse logistics systems continue to increase as e-commerce claims greater market share, and as so many traditionally functioning businesses grow and inevitably incur increasing volume of returns. This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals. Need For Reverse Logistics Breeds Opportunity. Efficiently managing reverse logistics is a daunting challenge for many businesses.
Bristlecone
OCTOBER 21, 2019
Step 1: Digitize your documents. A leading logistics provider – which works with a large global network of carriers through air, ocean and land – is leveraging AI to increase economic efficiency, enabling them to provide more affordable solutions to their customers. Ghodke says an important first step to staying ahead of the competition is to move beyond manual data entry with an AI-driven technology like Document Digitizer.
Cerasis
JUNE 28, 2016
The benefits of outsourcing logistics processes to a third-party logistics provider (3PL) are well documented. As the world’s economy has become increasingly complex, it has become impossible for a single entity to control all of the warehousing, transportation and administrative tasks that come with shipping and managing inventory. Basic Facts to Understand Before Outsourcing Logistics. This may include the following: Better inventory management.
|
LeanCor
APRIL 28, 2014
The Art of Logistics Management. How is it that supply chain and logistics management can make such a difference? After all, isn’t logistics “merely” a company’s management of material, product, and information flows in the supply chain? Those who work in the field of logistics recognize difficulties associated with getting the right product to the right place at the right time in the right quantity and condition at the lowest possible cost.
Cerasis
OCTOBER 27, 2015
Today we continue our series on successfully working with a logistics company, often called a third party logistics company by focusing on how to properly understand the success of the engagement by knowing all the key performance indicators that a shipper could put in place. We will then finalize the series on logistics key performance indicator success management with practical techniques to carry through the academic subjects we've covered thus far. .
Cerasis
APRIL 7, 2017
Most transportation costs in a company arise from inbound logistics cost. If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. Part of the problem lies in misconceptions around inbound logistics, including manual, data-intense processes and added stress. Better Visibility Leads to Effective, More Accurate Inventory Management. Logistic
Enterra Insights
MARCH 28, 2019
” Logistics professionals could adopt that statement as their motto. Half-a-decade ago, Apptricity analysts wrote, “In the world of supply chain and logistics management, perfection remains an elusive goal. ”[1] Between then and now, logistics has become a focal point in today’s e-commerce environment; but, the perfect order remains the elusive ideal. “Logistics companies cannot afford not to be innovative,” he explains.
Supply Chain Game Changer
NOVEMBER 23, 2018
Check out What Exactly Is Reverse Logistics? The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction.
The Network Effect
AUGUST 21, 2015
In my last four posts, I talked about order aggregation , new inventory replenishment policies , why a network model makes so much sense , and the all important ASN. Today I want to discuss inbound logistics requirements. Thus similar to EDI, logistics needs to be considered part of the transactional flow, not a separate set of functions to be integrated. All supplier shipments must be accompanied by appropriate documentation. SMMT/Ltd Flickr.
Supply Chain View from the Field
AUGUST 28, 2013
Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. Pull-based inventory management, on the other hand, uses consumption to replenish from the supply base and manage inventory. Inventory levels actually increased at downstream (buyer) facilities.
EFT
MAY 1, 2020
It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. Visibility is the centrepiece … not only in terms of where my inventory is, in which channel, and where to move it, but also in consumer demand, and how can I be ahead of that game and forecast the demand?”
EazyStock
SEPTEMBER 25, 2018
To stay ahead, tech-smart operations, savvy professionals are using logistics and supply chain mobile applications as must-have tools for operational excellence. Logistics & Supply Chain Mobile Applications Top 12. EazyStock – Inventory Optimization Software.
Supply Chain Game Changer
MAY 1, 2019
According to a recent survey conducted by Forbes Insights , 65% of logistics, supply chain and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in order to ensure omnichannel delivery, reduce costs and meet the ever-shifting consumer demand. The path to increased operational efficiency and customer satisfaction lies in the digitalization of logistics workflows. Subscribe Here! Email Address.
Supply Chain Game Changer
FEBRUARY 28, 2019
Over time it was understood that this was much needed and it actually helped in organizing and setting up different logistics and transport sectors to speed up their overall processes. From the movement of trucks to managing a good economic supply chain, GST affected logistics in a great way. The logistics sector in India is worth $130 million and the number is gradually increasing with a passing day. Right after first party logistics, came second and third party logistics.
Logistics Bureau
DECEMBER 9, 2019
Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. Logistics at Light Speed.
Talking Logistics
JANUARY 5, 2014
If you’re a supply chain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. The good news is that leading practices in supply chain risk management are well documented in various books and publications , and new software applications are emerging to help companies manage this process. For a long time, C-level executives viewed supply chain management, especially the logistics function, as a cost center.
Cerasis
SEPTEMBER 7, 2016
In this blog, Camcode discusses how collaboration provides supply chain disruption to impact the future of logistics management. Logistics companies today are working with increasingly distributed teams, and that makes tracking critical assets a more challenging proposition. On the tracking side of things , it’s no longer necessary to take meticulous notes and manually document dates, actions, and status information. Logistics Supply Chain
Logistics Bureau
DECEMBER 18, 2017
Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently. The Basics of Inventory Planning. Good inventory planning supports a number of vital business objectives including: Customer service and satisfaction. The Cost of Poor Inventory Planning.
Talking Logistics
JUNE 5, 2015
I’m on limited time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: enVista Launches New Business Entity, Enspire Commerce®. We founded Enspire Commerce to address gaps in the marketplace for price-competitive solutions that solve the complexities of omni-channel inventory visibility, order routing and fulfillment execution between retailers and their stores, logistics partners and vendors.
Talking Logistics
OCTOBER 30, 2015
Now, on to this week’s supply chain and logistics news… Exclusive: Wal-Mart seeks to test drones for home delivery, pickup ( Reuters ). Some follow-up thoughts based on the comments received: First, from a supply chain and logistics perspective, I believe Walmart continues to innovate and lead the industry in many areas. According to Reuters , Walmart applied for permission from the FAA to test drones for home delivery, curbside pickup and checking warehouse inventories.
Talking Logistics
MAY 8, 2015
In this week’s supply chain and logistics news… Pitney Bowes Expands Cross-Border Ecommerce Capabilities with the Acquisition of Borderfree. XPO Logistics Announces First Quarter 2015 Results. Borderfree manages all aspects of the international shopping experience, including site localization, multi-currency pricing, payment processing, fraud management, landed cost calculation, customs clearance and brokerage and global logistics services.
Logistics Viewpoints
MARCH 18, 2020
The impact has been far reaching, and at Logistics Viewpoints, we have documented many areas of concern, including the impact on manufacturing supply chains in Southeast Asia, the automotive and pharmaceutical supply chains, the high-tech supply chain, and the impact on retail. The post The Ongoing Impact of Coronavirus appeared first on Logistics Viewpoints. Coronavirus continues to impact the world, stunting supply chains and the global economy.
6 River Systems
APRIL 4, 2019
Logistics can be traced all the way back to the Greek and Roman empires , but it’s undergone several major transformations as new technologies provide opportunities to more efficiently manage the movement and storage of goods. In the digital transformation age, logistics is once again undergoing a major shift. These technologies also contribute to a rise in big data and analytics in the logistics field. ” Meet Our Panel of Logistics Pros: Brian Jessup.
Talking Logistics
JULY 19, 2013
XPO Logistics to Acquire 3PD, the Largest Provider of Heavy Goods, Last-Mile Logistics in North America. According to the press release: Oracle In-Memory Consumption-Driven Planning helps organizations understand and respond on a daily basis to true end-customer demand thus helping to reduce bullwhip effect and to improve on-shelf availability and inventory turns. .
Talking Logistics
SEPTEMBER 19, 2014
Menlo Logistics Opening New Multi-client Warehouse in Ladkrabang, Thailand. Kuehne + Nagel inaugurates North America’s regional Integrated Logistics Control Centre in Raleigh, NC, USA. Over the years, Infor had a acquired several TMS applications (including CAPS Logistics and Arzoon), but it’s clear from this partnership that the company has opted to partner with a best-of-breed provider than trying to modernize and enhance those legacy solutions.
20Cube Logistics
AUGUST 14, 2019
It involves myriad and largely detached logistics vendors. The complexity doesn’t end here, there are plentiful of documents and Customs clearance rules that differ in each country. How tech-enabled software is paving way into logistics? 20Cube logistics is bringing in all stakeholders (buyers, suppliers, Customs experts, trucking companies, airlines, shipping carriers) to a single platform through its collaborative cloud-based integrated portal, “MyHub”.
Talking Logistics
JANUARY 4, 2016
Did you come up with any New Year’s resolutions to improve as a supply chain and logistics leader this year? From “5 New Year’s Resolutions for Supply Chain & Logistics Executives” originally published on January 14, 2014: 1. The good news is that leading practices in supply chain risk management are well documented in various books and publications , and new software applications are emerging to help companies manage this process. Happy New Year!
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