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An often-heard theme in supply chain management (SCM) and COVID-19 is “data-driven” – being data-driven is the path to success. For COVID-19 “science-driven” is often said in the same sentence. For SCM demand or customer-driven replaces “science”. This blog will point out a few examples in the COVID-19 challenge demonstrating COVID-19 is an OM challenge.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! Freight market article and permission to publish here provided by Kevin Jessop at cerasis.com. Truckers and shippers have real fears over the effects and long-term impact of the supply chain coronavirus disruption. The coronavirus, also known as COVID-19, continues to change basic supply chain functions.
Learn about: Key differences between LTL and FTL shipping Shipping options offered by Walmart. Did you know that you do not have to hire and pay for a full truck if your freight is much less than a truckload? Freight carriers offer a variety of choices for transporting commercial shipments. Two widely used means of transportation are less-than-truckload (LTL) shipping and full-truckload (FTL).
This time of the year, I’m usually on the road delivering keynote presentations at industry conferences. But with all in-person events cancelled due to the coronavirus pandemic, I am at home like everybody else. COVID-19, however, has not cancelled the need for supply chain and logistics professionals to stay informed of industry trends, and for. Read more Impact of COVID-19: Insights from Indago Supply Chain Members.
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
Promotions planning is challenging, but promotions planning software can help alleviate some of the common pain points companies face when they try to improve their forecast accuracy and increase promotions generated revenue. After spending half my career in marketing and the other half in supply chain, there’s one thing I know for certain: marketing and supply chain don’t speak the same language.
Twenty years ago, the world was in a panic because society didn’t think computers were smart enough to count from 1999 to 2000. Seven years later, full fledged computers were small enough to fit in our pockets, and e-commerce shifted from a niche practice reserved for futurists to the mainstream. Then came online advertising, consumer reviews, unboxing videos, influencers, and the rumor that data could be the new oil.
Twenty years ago, the world was in a panic because society didn’t think computers were smart enough to count from 1999 to 2000. Seven years later, full fledged computers were small enough to fit in our pockets, and e-commerce shifted from a niche practice reserved for futurists to the mainstream. Then came online advertising, consumer reviews, unboxing videos, influencers, and the rumor that data could be the new oil.
Supply chain – “it’s not Rocket Science”. Many years ago, on a train heading out of London, I was sitting next to a recruitment consultant having a very loud phone conversation about a search to find a demand planner. The client had rejected all the candidates. “It’s not rocket science” was the phrase that the whole packed carriage heard. Many times.
In this week’s Wednesdays for Women, we interview Beth Morgan, the founder of boom! , which launched in September 2019 with a vision to empower women in supply chain for the benefit of all. Members represent all supply chain and procurement functions and span multiple industries across 30 different countries, bringing a rich diversity of experience, thinking and ambition.
On Monday, my home state of Massachusetts announced the official details regarding the state’s four-phase plan to re-open the economy during the coronavirus pandemic. Phase 1 comes in a two-wave approach, with some business opening immediately and others opening on May 25. One group that found the approach disappointing is retailers. Many Massachusetts retailers see this plan as potentially too little too late.
In this webinar, Craig Jeffery of Strategic Treasurer and Vincent Beerman of Taulia discuss: Overcoming challenges and ensuring liquidity through various levers Access to debt and capital markets, AP and AR forecasting and modeling Supply chain resiliency and how to enhance organizational posture through flexibility The post On-Demand Webinar: Comprehensive Liquidity and Supply Chain Resiliency appeared first on Taulia.
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.
For many businesses the spread of Coronavirus has acted as a catalyst and accelerator to digitalization. Manufacturers, suppliers and wholesalers across the US have been forced to adopt new ways of working with social distancing closing offices and reducing operational capacity. At the same time, companies are dealing with erratic customer behavior and badly disrupted supply chains.
How can 3PLs increase their resilience? And what are the changes that 3PLs need to adapt to, to ensure long-term success? There are a few key strategies to enable your supply chain to increase resilience and prepare for long-term business success, which includes: rapid tailoring of supply systems to changing consumer behavior, agile supply system setups enabled by advanced technology, logistics coordination across and within the global value chain, adoption of new ways of working and governing t
Few topics carry more weight than the idea of autonomous trucking in final mile delivery service. While experts continue to debate the risk versus benefit of drones on the road and in the air for logistics purposes, companies across the US are actively working to develop and deploy the technologies in real-world settings. In fact,read More. The post Autonomous Final Mile Delivery Service: News and Reports Affecting the Future of Drones in Logistics appeared first on Transportation Management Com
Retail refers to the business model of a merchant that sells products directly to the end consumer. Wholesale on the other hand is when a merchant sells products to other businesses who then distribute through different channels to the end user.
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.
Here's what we can learn from the Federal Trade Commission's recent $1 million fine against Williams-Sonoma — and practical advice for companies interested in making “Made in USA” and other U.S. origin claims in their advertising and labeling.
No crisis is an isolated, neatly contained incident, and the COVID-19 outbreak is exceptional by any standards. In order to future-proof and position your organization’s sustainable long-term growth, digital transformation requires a combination of talent, digital skills, and the use of available technologies. With no end – or certainty – insight, it necessitates that organizations […].
A market update and summary of the round table discussion from May 20, 2020. What are we hearing about reshoring? There has been a lot of buzz about reshoring in the news and on blogs lately. It will be interesting to see how much of a trend this becomes over the next 18 months. At the end of the day, for many companies, it comes down to the availability, quality, and financials.
“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.
We all know that the world is going through a major change that will lead to us running our lives differently than we did BC (Before COVID). What some businesses are beginning to realize though is that their workforce will need to learn new skills AC/DC (After COVID/During COVID). There’s an old joke: A CFO says […]. The post Re-skilling the Workforce – After COVID/Before COVID appeared first on SYSPRO US.
Many apps ago — a time where we could only dream of a mobile Internet and where phones were used strictly for phone calls, SMS and the occasional Snake game — there was something in vogue in the consulting industry called Change Management. It was also the time of big ERP, CRM and consulting firms who could “re-strategize” and “re-engineer” your company to enjoy lower costs, higher growth and a greater return on investment on your IT expenditure.
Wed, Jun 17, 2020 11:00 AM – 12:00 PM EDT. Autonomous mobile robots (AMRs) are changing the automation landscape. AMRs zip around vast stacks of products, ferrying the latest purchases for shipment across the world. They are replacing forklifts, pulling 1,000-kg payloads around a factory. Robots are stitching together production processes by moving products from one conveyer belt to another.
Post-COVID, we now know that your relationships with your suppliers will change. Managing them through the rearview mirror on past performance won’t be enough. You will need to engage with them and seek to influence their future behavior. Supply Management will become 4D Supply Engagement. You have learned much in the last two months. First, you have found out that risk management processes for identifying and managing future risk went out of the window and did not work.
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
Anyone who has tried (and struggled) to use their ERP to manage vendors will know how confusing this is. A few years ago however, many procurement functions would have battled through this pain with gritted teeth and attempted to manage their suppliers using transactional systems such as P2P. Thankfully, the last few years has seen the industry shift towards the ‘data first’ approach and see the value of building data foundations.
There are two phrases which come to mind when reading through the results of the Proxima Digital Transformation Survey , these are ‘Customer Centricity’ and ‘Best of Breed’. The two are intrinsically linked and may hold the key to faster deployment and enhanced adoption of digital solutions, and therefore the route to better data, more informed conversations and smarter decisions.
A market update and summary of the round table discussion from May 20, 2020. What are we hearing about reshoring? There has been a lot of buzz about reshoring in the news and on blogs lately. It will be interesting to see how much of a trend this becomes over the next 18 months. At the end of the day, for many companies, it comes down to the availability, quality, and financials.
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