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Blockchain is the flavor of the month in the food business these days. It’s getting a lot of attention thanks to new mandates by Walmart and others – including big players like Unilever, Nestle, Tyson and Dole – to require blockchain tracking of food from source to store. Clearly blockchain in the supply chain is.read More. The post The Growing Need for Blockchain in the Grocery Supply Chain appeared first on Transportation Management Company | Cerasis.
According to Fred de Gombert via Forbes , omnichannel is expected to continue affecting global supply chains and driving change throughout the industry. As consumers have grown accustomed to the instant gratification possible through smartphones, omnichannel shopping has become the standard for consumers. Omnichannel gives shoppers access to more information to make informed purchasing decisions, and omnichannel offers significant advantages for businesses.
Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory. How was BD Biosciences successful in reducing global distribution lead times between 30% and 60% in addition to: Increasing agility to prioritize urgent and ad-hoc customer requests Increasing global
“3PL Sales Success in 2019 – Crushing Your Sales Goal” was a webinar conducted in late January 2019 by Joe Lynch and Ann Holm. Below is a recording of the webinar along with an outline of the topics covered in the webinar. 3PL Sales Success in 2019 – Crushing Your Sales Goal. The Ultra-Competitive 3PL Market. Shippers Are Taking Charge of the Buying Process.
The type of forensic techniques that detectives have long deployed to solve crimes can now be used to identify the origin of manufactured goods in the supply chain.
The type of forensic techniques that detectives have long deployed to solve crimes can now be used to identify the origin of manufactured goods in the supply chain.
Retail is still enduring a major transformation as the physical and digital worlds both collide and complement. In thinking about what the next several years may hold, we decided to explore perspectives from both retail shoppers and industry workers, surveying more than 1,000 consumers and 500 staff across the U.S., the world’s largest retail market.
Returns are a vital part of the modern supply chain. According to Shopify, e-commerce returns have risen 94.8 percent over the last five years, and returns are expected to cost more than $550 billion per year by 2020. Retailers around the globe are working to create successful returns management practices to meet the demands of consumers, and today’s supply chain leaders need to understand how to create successful returns strategies, including policies that align with e-commerce.
If you’re sending your products to retailers you’re all too familiar with allowances and deductions. And you know the financial impact associated with these terms. But, it gets confusing. You want to be sure you know the difference between retailer deductions and allowances so you can have a clear understanding of when you need to take action.
E-cigarettes are a typical product of the cross-border integration of information technology and traditional industries. In this report, we will mainly focus on the cost structure, product structure and industry chain of electronic cigarette, so that you will have a deeper understanding of this industry and position your business activities better.
Robots are a cornerstone of a smart factory, automating a wide range of manufacturing tasks that are monotonous, physically straining, or even hazardous. However, real-world robotics deployments have not lived up to the revolutionary potential the industrial sector had originally envisioned. Robot implementations are typically confined to specific applications, carry high costs, and are time-consuming.
(. listen to this article. ). Nearly every shipper who transports freight is faced with the same issue: how and when does your finance department account for the cost of shipping, logistics, and delivery? If you're like most shippers, you already set aside a certain percentage of a good's value or a cost of goods sold (COGS). On a given shipment, X% (typically 10%) of the total COGS would be set aside as the debit balance – decreases would be noted as credits while increases would be noted as de
It’s official. Millennials are the largest consumer block and they’re moving the retail environment forward in a more sustainable way. Shoppers are focused on their core values and want to buy from the brands that are in perfect alignment with them. According to the National Retail Federation (NRF), around 60% of consumers would ditch the retail brands they love most if they realized the business’s values didn’t match their own.
(. listen to this article. ). Nearly every shipper who transports freight is faced with the same issue: how and when does your finance department account for the cost of shipping, logistics, and delivery? If you're like most shippers, you already set aside a certain percentage of a good's value or a cost of goods sold (COGS). On a given shipment, X% (typically 10%) of the total COGS would be set aside as the debit balance – decreases would be noted as credits while increases would be noted as de
It’s official. Millennials are the largest consumer block and they’re moving the retail environment forward in a more sustainable way. Shoppers are focused on their core values and want to buy from the brands that are in perfect alignment with them. According to the National Retail Federation (NRF), around 60% of consumers would ditch the retail brands they love most if they realized the business’s values didn’t match their own.
Using games to Drive Business Goals The idea of competitive play has been an integral part of an individual’s evolutionary process. As quoted by the author of ‘Gamification by Design’, Gabe Zicherman, “Games are the only force in the known universe that can get people to take actions against their self-interest, in a predictable way, without using force.
E-cigarettes are a typical product of the cross-border integration of information technology and traditional industries. In this report, we will mainly focus on the cost structure, product structure and industry chain of electronic cigarette, so that you will have a deeper understanding of this industry and position your business activities better. The post On The E-Cigarette and Vaping Chinese Supply Chain appeared first on Insight Solutions Global.
In the last few years, one of Walmart’s primary goal has been clear – to increase on shelf availability to customers while reducing overall inventory levels. These may seem like mutually exclusive pursuits at first glance, but directives like OTIF and the recently released Out of Stock Root Cause Analysis tool have shown that Walmart is not only committed to this goal but can also make changes to achieve it.
In every aspect of a supply chain, there are areas of collaboration. It’s important to understand each type of collaboration, its use in the supply chain, and when a business needs to use it. Some common areas of collaboration include: Purchase Orders. Shipments/Receipts. Inventory/ Forecast. Invoice/Payments. Purchase Order Collaboration. Some traits of businesses that need purchase order collaboration include: Companies with a small group of strategic suppliers, and where most items are
The $53 trillion manufacturing economy in the US is undergoing a major automation paradigm shift due to Artificial Intelligence (AI). Thanks to new practical frameworks, automation projects that were once impossible or inefficient to implement are now being fast-tracked, and robotics automation is becoming increasingly relevant to a growing number of users and scenarios.
Phoenix, Arizona, March 25, 2019 – AB&R® (American Barcode and RFID Inc.), a nationwide provider of proven supply chain solutions, will be exhibiting at RFID Journal Live! 2019 , in Phoenix, Arizona. Selected as a finalist for Best New Product for their ZC10L RFID enabled printer, AB&R will display the new printer and highlight the RFID features at Booth 903.
Transportation management was once straightforward: Order management systems grouped batches of orders into origin-destination pairs based on delivery dates, then sent order releases down to the transportation management system (TMS), which had the sole function of accepting that input and releasing the batch. A lot has changed since then. Between global competition, high consumer demand, and the rise of multi-enterprise networks , businesses are realizing this legacy method is insufficient to h
For decades there has been a consistent narrative in the trucking industry about there being a driver shortage. According to the American Trucking Associations, for example, there will be a shortage of 174,000 drivers by 2026 if current trends continue. However, a new study conducted by Stephen V. Burks and Kristen Monaco titled “ Is the U.S. labor market for truck drivers broken?
“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.
download the audio file. [00:20] Opening / Introduction. [00:37] Introduce yourself and your company. I am the Chief Technology Officer of 3PL Systems in Signal Hill, California. We specialize in the development of transportation management software. At the age of thirteen I built my own website and since then I’ve been hyper-focused on learning more about software development.
Automating business processes is nothing new. The Industrial Revolution was all about automating processes. Wikipedia notes, “The Industrial Revolution was the transition to new manufacturing processes in Europe and the US, in the period from about 1760 to sometime between 1820 and 1840. This transition included going from hand production methods to machines, new chemical manufacturing and iron production processes, the increasing use of steam power, the development of machine tools and th
This post originally appeared on Forbes.com. … 2019 will be a pivotal year for digital transformation as the decentralized web takes off and businesses explore its innovative potential. Here are six predictions about how the year will shape up as businesses become aware of the opportunity and start to prepare for a new competitive landscape. 1.
For many mid-size companies, indirect spend is killing their bottom line and derailing their efforts to implement strategic sourcing. Procurement professionals know there are many opportunities to reduce indirect operating expenses but there are some common barriers blocking their efforts including: Lack of staff bandwidth Limited internal experience purchasing scientific or technical items/services Minimal useable spend data Reliable benchmark data.
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
6 Ways to Avoid Drowsiness When You Drive. The hectic work schedule of a trucker and the increasing demand for efficiency often lead to disruptions in your sleeping patterns. Driver fatigue is an ever-present danger for truck drivers everywhere. Thankfully, there are measures you can take to prevent falling asleep at the wheel. Read on to learn more about the numerous methods you can take to prevent driver fatigue, some more obvious than others.
Last week, we were at the Accounting Business Expo in Sydney getting to know all the accountants and bookkeepers. In the fast-paced two days, we talked to many accountants and bookkeepers who wanted to help their clients who were struggling with inventory management — but didn’t know how they could help. How much inventory a business holds can impact their cashflow.
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