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Force majeure clauses are intended to protect parties to a legal contract from losses caused by disruptive events beyond their control. But supply-chain partners might be surprised to learn what such language doesn’t cover.
eProcurement must-haves! By Deepa Mordani. One of the procurement goals of an organization is to find a system that offers real-time data and is cost-effective. Orison Swett Marden says, “A good system shortens the road to the goal”. A good system could mean various things to various people. There are two types of companies as we see them. One is the kind that uses traditional methods of procurement and seems satisfied with it.
On Thursday, yield curves inverted and the stock market tanked. An inverted yield curve signals a recession in 14 to 20 months. Companies need to prepare by developing more agile supply chains. Integrated business planning and supplier risk management are critical tools. The post How will the Looming Recession Impact Global Supply Chains? appeared first on Logistics Viewpoints.
by Sarah Harkins Imagine that three natural disasters hit your global supply chain within three years. For Keysight Technologies, this isn’t a hypothetical scenario. Between 2015 and 2016, earthquakes in Japan and explosions at a container storage station in China affected parts of the company’s supply chain. Then in 2017, the Tubbs wildfire burned down two structures at the company’s headquarters and damaged others.
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
Historically, the apparel industry’s success has always relied on a combination of design and physics. Data has never really been a part of that equation. But the rise of the Fourth Industrial Revolution, has opened up a lot of new opportunities for fashion supply chains. Digital supply chains help drive improvements to traditional supply chains by developing and implementing advanced digital technologies like IoT, machine learning, artificial intelligence, predictive analytics, etc.
Historically, the apparel industry’s success has always relied on a combination of design and physics. Data has never really been a part of that equation. But the rise of the Fourth Industrial Revolution, has opened up a lot of new opportunities for fashion supply chains. Digital supply chains help drive improvements to traditional supply chains by developing and implementing advanced digital technologies like IoT, machine learning, artificial intelligence, predictive analytics, etc.
All businesses want to achieve success, but omnichannel supply chain success requires a comprehensive level of oversight and control in your operation. Omnichannel orders may come from anywhere, so significant risks exist. However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes? Apart from organizations that have recently invested and implemented newer warehouse management systems (WMS) and automated processes, current inventory opti
To make the right decision, you’ll need to know how demand forecasting supports inventory management, choice of which policy to use, and calculation of the inputs that drive these policies.The process of ordering replenishment stock is sufficiently expensive and cumbersome that you also want to minimize the number of purchase orders you must generate.
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.
Chris Peckham, Director of Operations at Aborn & Co., explains the International Maritime Organizations mandate to reduce air pollution and improve health and environmental benefits especially for communities residing near ports by January 1, 2020. What is the IMO 2020? How will it affect transportation and logistics? When can we expect to see the impact and much more are discussed.
Warehouse management seems easy in theory, but there are actually a lot of things you need to pay attention to in order to do it properly. It’s very important to manage your warehouse and organize it correctly because you’ll need all the order you can get when all those orders from customers start coming in.read More. The post Warehouse Inventory Management (Doing it The Right Way) appeared first on Transportation Management Company | Cerasis.
Read PDF. RELEX Solutions is pleased to announce that The Vitamin Shoppe , a leading omni-channel specialty retailer of nutritional products, has partnered with the Company to ensure its customers can easily find the products they need to live their best lives — however they define it. RELEX’s supply chain solutions will service over 750 The Vitamin Shoppe locations and the e-commerce platform, as well as the two distribution centers that support its operations.
Van freight trends have been muted for nearly all of 2019 – we haven't seen many sharp spikes or large drops. Overall, it's been a steady decline, interrupted by higher rates in June and the first half of July.
Most articles about artificial intelligence (AI) focus on the specific area of machine learning. Machine learning is one the most obvious ways to make sense of the oceans of data being created in today’s business world. John Rakowski ( @momskij ), Director of Product Marketing for Application Performance Management and analytics at AppDynamics, asserts, “A lack of understanding about machine learning is holding enterprises back from adopting this emerging technology.”[1] He add
Reefer markets have been waiting for an uplift from late summer fruit and vegetable harvests, but so far, that hasn't happened. The Midwest has made gains, but not enough to make up for markets where harvests have struggled due to weather.
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.
Effective inventory control is a balancing act between reducing the costs of holding too much inventory stock with the need to maintain enough stock to meet customer demand. Stockouts in many cases lead to lost sales and customer dissatisfaction but what if there is a customer order that cannot be immediately filled but for which the customer is prepared to wait?
In this 24/7 society where we expect deliveries the same day by the touch of a button, the pressure is on to minimise mistakes and maintain customer satisfaction. Social media adds another element, where customers are quick to air their grievances publicly and reputations can be shattered overnight with losses amounting to millions.
Over the past 15 years, brokerages have largely adopted good foundational technologies like a Transport Management System (TMS), a tracking system, and a Customer Relationship Management (CRM) system such as Salesforce. The way Carrier Sales Reps (CSRs) engaged carriers has been largely unchanged; relying on mental rolodexes, executing repetitive tasks, manually checking load boards, and manually making TMS queries.
So, you’ve created a subscription offering with some really great products. Congratulations! Setting up subscriptions is no easy feat, but gaining traction and converting your existing and prospective customers over to subscriptions is the most challenging component yet. Although subscriptions boast a wide variety of benefits, like convenience and efficiency, it will still take some work to convince customers to opt in.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Over the past 15 years, brokerages have largely adopted good foundational technologies like a Transport Management System (TMS), a tracking system, and a Customer Relationship Management (CRM) system such as Salesforce. The way Carrier Sales Reps (CSRs) engaged carriers has been largely unchanged; relying on mental rolodexes, executing repetitive tasks, manually checking load boards, and manually making TMS queries.
Retail Dive –The march of fearsome weather events has caught the attention of retailers, who collectively have some 26,000 stores at risk to climate-based calamities. Thousands of stores across the industry lie in the path of hurricanes and flood zones as well as coastal areas expected to experience sea level rises in the coming decades. […].
Over the past 15 years, brokerages have largely adopted good foundational technologies like a Transport Management System (TMS), a tracking system, and a Customer Relationship Management (CRM) system such as Salesforce. The way Carrier Sales Reps (CSRs) engaged carriers has been largely unchanged; relying on mental rolodexes, executing repetitive tasks, manually checking load boards, and manually making TMS queries.
What is the IMO 2020? How will it affect transportation and logistics? When can we expect to see the impact and much more are discussed. Learn everything you need to know about IMO 2020 mandate.
Procurement leaders are at a pivotal moment. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for
Over the past 15 years, brokerages have largely adopted good foundational technologies like a Transport Management System (TMS), a tracking system, and a Customer Relationship Management (CRM) system such as Salesforce. The way Carrier Sales Reps (CSRs) engaged carriers has been largely unchanged; relying on mental rolodexes, executing repetitive tasks, manually checking load boards, and manually making TMS queries.
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