Visibility Matte rs. Rick Morris, a Certified Supply Chain Professional wrote in Supply House Times that while improving fill rates, improved forecast accuracy also lowers inventory levels measured in days of sales; and simultaneously , improved forecast accuracy improves fill rates and lowers inventory. He suggested this translates into increased profitability. MORE
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Big data applications are already impacting supply chain entities around the globe, but some of its most interesting possibilities may have yet to be realized. Since the digital universe will expand to more than 40 trillion gigabytes by 2020, reports Jim Taylor of Inbound Logistics , future possibilities through big data may not even be fathomable. However, the current progression of big data does give rise to some very tangible benefits to your company within the next five years. 6 Benefits to
Every leaf from every tree on my street somehow landed on my lawn overnight. With hours of raking ahead of me, let’s go straight to this week’s supply chain and logistics news… Koch Agrees to Invest over $2 billion in Infor. Infor Delivers Next Generation Cloud-based Supply Chain Planning Suite. Amazon.com’s Marketplace Concept Spreads to Other Retailers (WSJ- sub. req’d).
by Sarah Miller, Business Writer, AF Logistics Online businesses understand that timing can mean everything in the world of supply. The post The Importance of Real-time Information in Retail Supply Chain Management appeared first on The Network Effect.
Every year during the holidays, anxiety hits shoppers, retailers, and manufacturers alike about whether the season’s hottest products will face shortages. For manufacturers, at least, it doesn’t have to be this way. Many manufacturers lack the end-to-end supply chain visibility and flexibility needed to plan for demand spikes, but you can improve your demand-planning capabilities by outsourcing at least some of your production processes.
High turnover isn't just inconvenient—it's costly. U.S. logistics businesses lose thousands in training, productivity, and morale every year, with an average quit rate exceeding 27%. Remote-Insourcing changes this reality. Remote-Insourcing seamlessly integrates dedicated, remote professionals into your team, significantly reducing turnover to under 4%.
Nucleus Research has a new report out, The Control Towers Value Matrix 2016, which surveys the landscape of Supply Chain. The post Supply Chain Control Towers: The State of the Art appeared first on The Network Effect.
Visibility Matte rs. Rick Morris, a Certified Supply Chain Professional wrote in Supply House Times that while improving fill rates, improved forecast accuracy also lowers inventory levels measured in days of sales; and simultaneously , improved forecast accuracy improves fill rates and lowers inventory. He suggested this translates into increased profitability.
Visibility Matte rs. Rick Morris, a Certified Supply Chain Professional wrote in Supply House Times that while improving fill rates, improved forecast accuracy also lowers inventory levels measured in days of sales; and simultaneously , improved forecast accuracy improves fill rates and lowers inventory. He suggested this translates into increased profitability.
Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date. Thanksgiving is less than a week away and the retail supply chain continues to ramp up for the holidays. Here’s a quick roundup of some industry news to help you prepare for the busy holiday season. Black Friday shopping is so last year.
“Taking no action may increase the risk of being targeted for human trafficking violations and subjected to legal action,” a new report from Deloitte concludes. read more.
When I and a few colleagues founded The Project for STEM Competitiveness, we had in mind both the competitiveness of … Continued. The post STEM Education and Skills Development appeared first on Enterra Solutions.
Across the country, load-truck ratios are rocketing up in areas that produce and ship Christmas trees, with ratios as high as 500 loads per truck. That was the ratio for flatbeds out of Spokane on Tuesday, with 3,000 load posts and only 6 truck posts. The ratio out of Spokane declined to 391 yesterday for flatbeds, and 31 loads per truck for vans, which is still ridiculously high for that market.
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.
Ken Allen, member of the Board of Management of Deutsche Post AG, and CEO, DHL Express, announces $185 million investments in 2016 and 2017 which underscore the expected growth in the U.S.
Van rates fell 3¢ last week, from a rare early November peak. The national average adjusted down to $1.67 per mile, but it's still higher than the average for October, so the one-week drop is not a cause for alarm. There were also some regional shifts happening, and those don't show up in the national rate. The strongest markets are still out West.
Business Insider published a story this week describing how Tesla CEO Elon Musk might finally have solved his company’s production challenge. For years, Tesla’s demand has outpaced its supply because of production delays. Musk thinks the answer might be in the acquisition of automated manufacturing company Grohmann Engineering in Prüm, Germany.
Strengthen your operations with the Supply Chain Resilience Checklist. This practical, easy-to-use tool helps your organization prepare for disruptions and ensure long-term continuity in an unpredictable world. Why Download: Identify and assess critical supply chain risks Ask the right questions to evaluate vendor preparedness Implement effective strategies to reduce vulnerabilities Improve communication, transparency, and coordination across your network What You’ll Learn: How to evaluate and m
by Alexa Cheater Henry Ford has become synonymous with revolutionary advances in manufacturing. His utilization of the assembly line for his Model T changed not only the way businesses operated, but consumer demand as well. As an early technology adopter and strong proponent of innovation, Ford was more than a manufacturing master. He was a supply chain pioneer.
Cross-border e-Commerce brings all market participants on an even level playing field, no longer are global consumers only assessable by those having resources to deal with complications of global distribution or costly market expansion.
Claritum Article - Procurement Blog. 1 A can do mind set in procurement. Tackling Tail Spend is not a quick and easy challenge. It takes perseverance and commitment to hunt down the data, challenge silo approaches, change embedded habits and lock in process improvements and savings. Don’t expect too many quick wins, but the prize is great enough – provided you have a Can Do approach. 2 Strategic Spend under Control.
Lean Manufacturing, allows a manufacturer can accurately and effectively calculate the optimal level of inventory needed to fulfill demand requirements through the duration of replenishment lead time.
Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage
This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.
Tailwind has launched a web-based trucking software and freight broker software, to further build on its enterprise-grade transportation management systems (TMS) for smaller companies. Read the full article here: [link]. The post Commercial Carrier Journal: Tailwind launches web-based trucking, broker TMS software appeared first on Tailwind Transportation Software.
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