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I’ve argued over the past few years that we have a trust problem in supply chain management. For example, in a survey we conducted with our Indago supply chain research community in September 2021, more than half of the respondents (56%) either agreed or strongly agreed that “you can’t be too careful when dealing with. Read more The post How to Turn Low-Trust Business Relationships into High-Performing Partnerships appeared first on Talking Logistics with Adrian Gonzalez.
There are a handful of insightful reports I look forward to every year. The World Economic Forum’s Global Risks Report is one of them. This year’s report is based on interviews with over 1,200 experts across academia, business, government, the international community and civil society. “’Global risk’” is defined as the possibility of the occurrence of an event or condition which, if it occurs, would negatively impact a significant proportion of global GDP, population or natural resources.
Gary Allen and Joe Lynch discuss automating the warehouse. Gary is Vice President of Supply Chain Excellence at Ryder System, Inc. , a leader in supply chain , dedicated transportation and fleet management solutions, that has been recognized by FORTUNE magazine as one of the World’s Most Admired Companies® for 2023. About Gary Allen Gary Allen is Vice President of Supply Chain Excellence at Ryder System, Inc.
By Rob Press, Content Marketing Manager, Deputy In the supply chain, warehouses play a crucial role in receiving products from the source, storing them safely, and delivering them quickly and efficiently. In recent years, the increased use of automation and robotics has transformed warehouse operations by delivering substantial efficiency, safety, and precision improvements.
How does BI differ from ERP? ERP systems essentially integrate all the disparate functions within your business and overcome the so-called ‘silo mentality’ by creating a single, centralized data architecture. The ERP software collects, stores and manages data relating to business activities. The principal output of ERP software is business efficiency and cost-savings.
By Dwight J. Lawrence (pictured) Content Writer The post How Digital Currency is Influencing the Online Poker Industry appeared first on IT Supply Chain.
By Dwight J. Lawrence (pictured) Content Writer The post How Digital Currency is Influencing the Online Poker Industry appeared first on IT Supply Chain.
Some things simply seem too good to be true. Given the long list of FTZ benefits, including saving on Merchandise Processing Fees (MPF), reducing or eliminating duties, taxes, and tariffs, and allowing for tax-free storage of inventory while in the zone, it’s natural to wonder why more companies aren’t taking advantage of FTZs. In other words, what’s the catch?
If we learned anything over the last few years, it is consumers wanting their product at a competitive price, as quickly as possible, and via the channel of their choice. Supply chains have been in an accelerated transformation to meet those needs. While many consumers have returned to in-store shopping, e-commerce has quickly become the preferred shopping method for a large percentage of the population.
The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. This department manages the selection, acquisition, and payment of goods and services needed to run a business. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.
I am working on a new book focused on the sales and procurement relationship in supply chains with my friend Howard Richman, who has a wealth of experience working for companies like Merck, Citrix, and others. I am publishing a snippet from one of our chapters – to give you a taste for what’s in store! In addressing this question, it is important for the sales team to be able to quantify the elements of value and in this case, educate the customer.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Learn how merchants are levering technology and co-warehousing in their fulfillment strategies to build a more resilient supply chain, decrease capital expenditure, and improve customer satisfaction. Written by Phyllis Jackson Fulfillment strategies play a critical role in the success of any business, and the right strategy can greatly impact a company’s ability to meet customer expectations and drive growth.
What exactly is budgetary control, and how can it be applied in day-to-day business operations? Let’s look in detail at the concepts of budget and budgetary control. Keep reading to find out: What do budget, budgeting, and budgetary control mean? Why is budgetary control important? Types of budgets How to create a budget How to recognize a good budget Components of effective budgetary control The role of software in budgetary control What Is a Budget and What Is Budgetary Control The term “ budg
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Jamie Wallisch wants companies to recognize that they truly have leverage. “Manufacturers do have an important part to play, even though it seems so high up and far removed,” she says.
El mundo cambia rápidamente, las crisis se suceden, las oportunidades deben aprovecharse con rapidez: en un entorno VUCA, las empresas necesitan agilidad, adaptación continua y resiliencia. Tras los terremotos de los últimos años, parece que el tema ya no es objeto de debate, al menos en la comunidad de la cadena de suministro. Y, sin.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
Advantages and Limitations of Retail Media Networks February 13, 2023 Promotions Home Retail media networks (RMNs) have dominated the digital advertising space over the past two years. In fact, eMarketer projects the market will reach $55.3 billion by 2024! Why the sudden interest? RMNs are proving to be an exceptional strategy for third-party brands because of their VIP access to retailers’ first-party customer data.
Organizations lose between 3% and 4% of their total external spending due to high transaction costs, inefficiencies and non-compliance in the source-to-pay cycle.
However, that’s only the simple answer to the question. While in usual circumstances accounts receivable is an asset, there are situations in which it can become a liability. Learning more about what AR is – and why it’s usually considered an asset – can help you prevent it from becoming a liability while also highlighting the value of an optimized AR process.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Dag Calafell, director of Azure solutions with MCA Connect , talks about the company's three-part series about real-life, low-code solutions that empower manufacturers to do more with less.
On February 10th, Russia announced it would slash its output by half a million barrels a day. The decision led to a significant uptick in bullishness in the options market, while firming up timespreads.
Valentine's Day is the perfect time to show your partner how much you appreciate them. However, it can be difficult to find the perfect gift that suits their tastes and needs. Fortunately, Alibaba has a wide selection of Valentine's Day gifts, including everything from classics like the mug to more creative and original options. Here, … The post 10 Best gifts for Valentine’s Day on Alibaba appeared first on ?
Procurement is in the middle of a tech tsunami. And if it feels like the old playbooks aren’t working anymore, that’s because they aren’t. Agentic AI. Autonomous procurement. Unified source-to-pay ecosystems. These innovations are converging and transforming how procurement teams operate. The GEP 2025 Procurement & Supply Chain Tech Trends Report breaks it all down.
Regardless of how much effort is poured into training forecasters and developing elaborate forecast support systems, decision-makers will either modify or discard the predictions if they do not trust them.” The post The Role of Trust in the Demand Forecasting Process Part 2: What do you Trust appeared first on Smart Software.
Amazon is one of the most important online marketplaces on the internet. In fact, it is the number one marketplace in the world according to the January 2023 rankings. It is the largest market in the US, with over 300 million customers and 100 million of them being Prime members. It is also the best-known online … The post Amazon Top 20 Valentine’s day gifts for Her and for him in 2023 appeared first on ?
Join Wayfair and SalesWarp for a webinar event! SalesWarp is excited to partner with Wayfair for a webinar on the benefits of Process Automation and Order Management Software! Jason Savery, a Global Lead at Wayfair, will join Mary Tannous, VP of Enterprise Sales at SalesWarp, for this 1-hour event. Together they will walk through the basics of Process Automation, its uses for Wayfair partners, and additional features of Order and Warehouse Management Software.
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