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Here’s what you expect a CEO to say upon the announcement of a corporate social responsibility initiative. As CEO of Quintiq, it’s a great honor to partner with the World Food Programme (WFP). Quintiq aims to make people’s lives better with the technology we create, but rarely do we get the chance to do so in such a meaningful way. This is more than just another CSR initiative for Quintiq.
The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable.
The keynote address at the always enlightening Supply Chain Insights Global Summit was given by Lora Cecere, and she used it to focus on the problem of growing supply chain planning complexity and how to fix it. “The processes we have designed over the last three decades do not allow us to embrace complexity,” said Cecere. “They do not allow us to really drive global interactions to the degree we need for localized assortment.
by Dr. Madhav Durbha Part of what makes my job very exciting is attending conferences. These events provide great opportunities to share, learn, network, and have fun. Earlier this week, I attended the LogiPharma conference, a wonderful event for supply chain professionals working in the pharmaceutical industry. Apart from taking part in numerous interactive presentations and roundtables, I had the opportunity to host a luncheon alongside my colleague, Bill Dubois , for a packed room of pharmace
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.
We are continuing to break the mold to help supply chain visionaries gain first-mover advantage. While other analyst firms put their research behind paywalls, we set it free. We want everyone around the globe to use our research freely and openly. Through our research panels—using Linkedin and Twitter—we now have a database of over 6500 respondents.
In the United States, families are packing for labor day. Exodus from the cities leads to jammed roads and packed parks. Now a ritual, Labor Day, is the first Monday in September. Dedicated to the social and economic achievements of American workers, it is a welcome three-day weekend. So, with labor day approaching, I am penning a blog on supply chain talent.
In the United States, families are packing for labor day. Exodus from the cities leads to jammed roads and packed parks. Now a ritual, Labor Day, is the first Monday in September. Dedicated to the social and economic achievements of American workers, it is a welcome three-day weekend. So, with labor day approaching, I am penning a blog on supply chain talent.
S&OP Maturity Series, part 2 of 5. In my last post , I discussed a scenario in which the S&OP solution was the difference between having to decide if it was better to lose potential profits, or risk upsetting existing, loyal customers – and meeting everyone’s needs. Having a solid S&OP process will become more important as your company grows from one stage of maturity to the next.
Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. 1.
Compared to conventional mathematical models (left), self-correcting models (right) are logical, so they can be created, edited, and understood by domain experts. One of the reoccurring themes at the IMAGINE Supply Chain Global Summit , hosted by Supply Chain Insights Founder and CEO Lora Cecere, was the concept of “self-guided” or autonomous applications.
by Alexa Cheater Getting the Right Product in Front of the Right People. It took an augmented reality video game and a host of made up monsters to seemingly solve one of end-to-end supply chain’s biggest problems–getting the right product in front of the right people. Too bad the tactics Pokémon Go has implemented aren’t easily repeatable by the rest of us mere mortals.
“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.
In order to maintain efficiency and reduce complexity, companies must adjust to the frequent changes occurring in the business and logistics world. However, adjusting to change requires the partnership of allies, primarily shippers and logistics service providers with broad networks across the world. When these connections are made, companies can replace static, outdated business models with flexible networks.
When Transportation Optimization and New Shopping Behaviors Collide One needs to go back to the early 2000s to see green shoots of modern omni-channel retail. While web-based e-commerce began in the late 90s, consumer and retailer appetites didn’t get whetted for omni-channel experiences until the early part of the last decade. Indeed, by 2002, Best Buy was saying more than half of its customers were checking its website before coming to the store.
The Pokemon Go phenomenon, which has exceeded 500 million downloads worldwide , highlights the possibilities of augmented reality (AR) not just for gaming, but also for use in the supply chain. AR is a technology that superimposes a computer-generated sensory input such as sound, video, graphics, or GPS data into a user’s real view of the world. A good starting point for augmented reality in the supply chain, is in warehouses, and DHL recently announced that they will expand testing of augmented
Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. In some cases, these conditions may be applied to all supply chain processes. However, each term covers a different portion of the supply. For example, transportation management often focuses on the journey of products after manufacturing.
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.
An Amazon recruiting poster. In the retail revolution, Wal-Mart first brought low-cost goods to the shelf. Amazon then brought low-cost goods— and the shelf —to the consumer's home, via low-cost fast service times. In our last blog , we discussed how Amazon’s low-cost service times, and the pressure that places on supply chains. Today’s blog analyzes how to compete in this multichannel environment that requires serving the customer in ways that remove the barriers that make consumers think twice
by Iman Niroomand What’s driving your supply chain – immediate consumer demand or future projections? In either case, the goal is likely the same: to provide the best customer experience. A truly customer-oriented supply chain strives to fulfill the customers’ demands on-time. Success is defined by the on-time-delivery to request (OTD-R). i In other words, when the product actually gets to the end consumer.
In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now.
Oracle recently announced a definitive agreement to acquire Logfire, a Cloud WMS provider. Last year I explained that Cloud WMS deployments still remain limited compared to Cloud adoption of other supply chain software (I am using the term “Cloud” to represent single instance, multi-tenant solutions). And with good reason. WMS is a real-time application that requires quick response times to function properly.
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.
The Internet of Things (IoT) is having a profound impact across the supply chain. In this article, Geoff Annesley looks. The post How the Internet of Things (IoT) Can Optimize Fleet Management appeared first on The Network Effect.
Editor's Note: Today's blog is a guest blog by our friends at 2 Flow. In this blog, they discuss everything you need to know about a 3PL business. What is 3PL? There are several definitions of 3PL. These include: . Third party logistics (3PL) is the function by where the owner of goods outsources numerous components of the supply chain to a 3PL company that can perform the management function of the clients’ customs, inbound freight, distribution, warehousing, order fulfilment and outbound fr
You can tell it’s a revolution when heads roll, and “heads” (brick-and-mortar stores) are rolling in retail. Macy’s is closing 100 more retail stores across the United States. Pacific Sunwear and Aeropostale filed for Chapter 11 protection. Sports Authority is going out of business. This is the continuation of a revolution that began 30 years ago. At the time, retailers were rarely known for their investment in innovation and technology, but Wal-Mart went against the grain in the 1990’s when it
by Trevor Miles Global supply chains are getting bigger and more complex. As a result, companies are facing added pressure to respond effectively to fluctuating demands and unexpected change. Add in more frequent supply disruptions, managing product life cycles, and increased regulatory controls, and it’s no wonder it’s getting more difficult to protect the bottom line.
The Supplier Relationship Management Playbook is your guide to building effective supplier partnerships that drive supply chain excellence. This playbook equips supply chain professionals with strategies for managing compliance, tracking performance, and fostering collaboration to reduce supply chain risks. Inside, you’ll find: Strategies for Compliance: Best practices to help meet regulatory standards.
John Stumpf, the CEO of Wells Fargo, was grilled by senators yesterday over the company’s “ pressure cooker sales culture ” that led employees to create millions of unwanted or fictitious customer accounts in order to meet sales goals. Although the story is in the headlines today, the bank’s practices were first reported by the Los Angeles Times back in December 2013.
Michel Plourde, Systems Director at ArcelorMittal Canada, recently briefed ARC Advisory Group about the supply chain challenges surrounding the company’s decision in 2012 to expand its iron ore pellet production in Canada. These challenges largely involved eliminating logistics bottlenecks created by an inability to adapt quickly to disruptions and changes to plans.
There’s a lot of buzz about the Internet of Things, or IoT. IoT refers to the physical network of vehicles, buildings, devices and other items that are increasingly connected. I also consider people and applications like an ERP or WMS to be part of the IoT. A transportation management system (TMS) has always been applied across many company platforms, exchanging information with your carriers, vendors and customers.
Editor's Note: This is a guest blog from our friend Greg Braun from C3 Solutions. In this blog, Greg discusses the real cost of inaction when you dont adopt new supply chain technology. New Supply Chain Technology: The Real Cost of Inaction. Knowing when it's time to invest in new supply chain technology for your business is sometimes easy—a system fails, or you have a new line of business that requires a change.
Fragmented processes and unstructured data pose significant challenges for supply chains. This whitepaper explores how AI and predictive insights revolutionize supply chain management. By analyzing real-time data from disparate sources, these advanced systems offer actionable insights to anticipate potential issues, improve decision-making, and enhance operational efficiency.
Although the U.S. Federal Aviation Administration recently announced new rules for commercial drones, there is still not a clear short-term path for mass deliveries of packages via drone. From a regulatory perspective, the most important remaining barriers for autonomous package delivery are: Line of sight rule which prohibits drones from flying out of the operator’s sight.
by Trevor Miles I was at the North American Supply Chain Executive Summit in Chicago earlier this week. I’m a pretty jaded conference goer, so it is difficult to please me, but I have to say that I was pleasantly surprised by the quality of the keynotes and sessions I attended. The general theme of the conference was about transformational change. What kept nagging at me though is that the presentations were largely about “righting the ship” rather than “moving from ship to air.
Will there be a future for driverless trucks in logistics? Will that future arrive soon or many years from now, if ever? Those are two of the most common questions I hear about driverless trucks, or to use the term preferred by the Department of Transportation, autonomous vehicles, which includes both cars and trucks. “It’s really interesting how [activity around driverless vehicles] has developed fairly rapidly over the last couple of years,” said Jeff Potts, Senior Vice President Business Deve
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