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Are industrial manufacturers seizing all the opportunities of a more digital world? Possibly not. A recent article suggests that, by 2018, only 30 percent of manufacturers investing in digital transformation will be able to maximize the outcome. The remaining 70 percent are hindered by outdated business models and technology. This is concerning. The speed of business is fast and companies that aren’t successful in adopting, implementing, and optimizing new technologies run the risk of being left
by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. It has become a competitive weapon that could help you win the consumerism war. But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge.
Behind the $5 billion dollars in logistics technology investments. By Eytan Buchman, Head of Marketing, Freightos. Today Freightos announced a $25 million dollar funding round , led by GE Ventures. In the five years since Freightos launched, logistics and technology have increasingly converged. At JOC ’s TPM in Long Beach last month, no less than fifteen sessions featured technology, digitalization, and freight future-proofing.
“There is a certain limit to what you can optimize just within the four walls of your company,” said Artur Zgoda, Director of Supply Chain IT Solutions at AXIT- A Siemens Company , in a recent episode of Talking Logistics. “The next big opportunity for benefits is to go beyond your four walls and integrate and collaborate with your suppliers, customers, and other trading partners to enable joint supply chain processes.”.
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.
Uncertainties swirling around the global markets necessitate going beyond spreadsheets into the realm of advanced scenario modeling. This will help answer the ‘what if’ questions spanning topics as diverse as blanket import tax, export block of crucial materials or natural resources, or even the standoffish stance of a country blocking major navigational channels or flying corridors.
Today I attended the SAP Insider Conference. The theme? Digital transformation. The storyline of the event goes like this: Do you have the business problem of complexity, personalization, and globalization requiring faster time to market? (Complete with nice videos and shutterstock pictures.). The answer? Digital transformation. How? SAP S4/HANA delivers on the goal of digital transformation.
Today I attended the SAP Insider Conference. The theme? Digital transformation. The storyline of the event goes like this: Do you have the business problem of complexity, personalization, and globalization requiring faster time to market? (Complete with nice videos and shutterstock pictures.). The answer? Digital transformation. How? SAP S4/HANA delivers on the goal of digital transformation.
Third-party logistics providers are evolving in the wake of changing politics, increased public scrutiny and demand for more value-based, not asset-based, services. At the close of 2016, the 21 st Annual Third-Party Logistics Study found the overall use of third-party logistics providers ( 3PLs ) is increasing, but the types of logistics services utilized indicate the industry is entering a shift in how it operates.
by Iman Niroomand Supply chain performance depends on the matching of product features with supply chain features. When a new product hits the market, the existing supply chain that is optimal for a given set of product lines will not stay optimal. Thus, a new product introduction will require a supply chain logistic network redesign. A new product introduction leads to a potential risk of reduced service performance due to ‘discontinuity’.
Freightos Raises $25 Million Round, led by GE Ventures, to Expand Marketplace. Press Release. Round extension led by GE Ventures, after 600% order growth in six months following the Freightos Marketplace launch and adoption of Freightos software by 1,000 freight forwarders. (March 29, 2017) – Freightos ®, the logistics technology company bringing freight online, today announced the completion of a $25 million Series B extension round, led by GE Ventures , with participation by additional investo
In a study conducted by Accenture in 2015 of chemical companies, results showed that 94 percent expect to boost their investment in digital capabilities in the next three years to embrace a competitive advantage. Adding digital functionality will increase customer satisfaction, streamline operations and improve efficiencies. Businesses are demanding the features found in most business-to-consumer (B2C) technologies, which allows them to easily search for products, compare features, shop for barg
In It’s the era of Industry 4.0. Are you on board? — I shared strategies to digitalize the planning office with advanced planning technology to keep abreast with in an industry that is increasingly replacing the human workforce with robotics to gain better efficiency, increase cost-savings and build higher agility. With hundreds of projects aimed at facilitating disruptions behind us, Quintiq’s experiences with clients could be distilled into the following salient points. 1.
Supply chain risk management is a complicated subject because the number of things potentially affecting operations is almost limitless. As … Continued. The post Supply Chain Risk Management in the 21st Century appeared first on Enterra Solutions.
When you’re looking for ways to benefit your company’s supply chain, you probably look for ways to reduce time or costs in various departments. In most cases, this comes down to the way you might ship, store or produce the products you sell. But what about the way you package those products? Product packaging isn’t typically something you think about in supply chain and logistics, but it actually plays a major role in shipping and producing your products.
by Melissa Clow Today, Wednesday March 8th is international women’s day. To recognize this global celebration I decided to write on women in supply chain. Over the years we have discussed this topic at length on our blog. But to be honest, I haven’t heard much lately and I wonder what has changed. I used to see plenty of industry news articles, webcasts, conference sessions dedicated to the importance of diversity in supply chain, but today’s hot topics are IoT, machine learning, augmented reali
“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.
by Sean Crossey The global food supply chain brings us exotic fresh foods from around the world. But the challenges. The post The Five Ts of the Global Food Supply Chain appeared first on The Network Effect.
Thanks to advancements in technology including cloud computing, internet of things (IoT), drones, and mobile, yard visibility and management are now reaching new heights as the picture of the “Digital Yard” comes into very clear focus. No longer relegated to using clipboards, spreadsheets, and manual systems to manage their yard assets, companies are asking themselves questions like: How can we better leverage today’s advanced technologies to run our yards even more efficiently?
Ever been involved with launching a new manufacturing or distribution company? Or have you ever joined a small but growing company in one of these industry sectors? If so, you know what it’s like to work under pressure to contain costs. Smaller companies often see major business software platforms as overhead. So when they’re first starting out, they’ll ask their employees to make do with the basic applications that are already installed on their hard drives.
The Internet of Things (IoT) is a network of networks that primarily facilitates machine to machine communication. “Imagine a world … Continued. The post The Internet of Things and Cognitive Computing will Mature Together appeared first on Enterra Solutions.
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
Logistics professionals require exemplary international online logistics tools to help them carry out their daily businesses with ease and deliver the best for their customers. For any developing business, adopting the widely used and affordable technologies is more economical. Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions.
by Alexa Cheater Working in supply chain means getting comfortable with change – changes in supply, changes in demand, changes in capacity, etc. The list is virtually endless. But supply change management isn’t just about dealing with unanticipated supply chain risks and adjustments. Sometimes, it means changing your business processes and company culture to stay afloat in a complex, digitized world.
Today’s guest post comes from Brian Jacobs and Vinod Singhal, who present the results of their recent research on social issues in global textile supply chains. Rana Plaza, an eight-story building in Bangladesh that housed garment factories employing approximately 5000 workers, collapsed on April 24, 2013. The resulting fatalities (over 1100) and injuries (over 2400) made it one of the worst industrial accidents in history.
How should we (re)organize ourselves to best harvest the value of ‘network effects’ to measurably boost the quality, opportunity, and ‘user experiences’ of our offerings? That was one of three key questions that Michael Schrage presented in a research paper titled “ Rethinking Networks: Exploring Strategies for Making Users More Valuable ,” published last year by MIT Sloan School’s Initiative on the Digital Economy.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Supply chain control towers fulfill a real need. But there are many variations. Which is best? Why? Why the interest. The post The Rise of Supply Chain Control Towers appeared first on The Network Effect.
Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date. This week: Amazon is taking over the retail industry, digital shopping habits are hurting brick-and-mortar stores, Walmart may have created the endless shopping aisle, virtual robots will be the next wave of technology to permeate the fashion and retail markets, and the relationship between shippers and logistics service providers (LSPs) continues to improve.
Launching your business in the freight broker and logistics fields can be an exciting journey. Yet there is so to learn about it - and learn it fast, so that you can be a competitive member of the transportation community. One of the best ways to get the knowledge you need to excel is to turn for freight broker tips in online groups. These are places on social media and other websites where professionals share their know-how, experience and discuss topics of high interest to the logistics commun
by Bill DuBois Words get thrown around like rice at a wedding these days to describe what makes a world class supply chain planning system : “End to end visibility”, “collaborative planning”, and “what if simulation” are only a few of the many terms you hear when discussing the keys to supply chain success. Don’t get me wrong, these are all valuable attributes, but are often addressed in isolation and problems are usually tackled one functional silo at a time.
What is Remote-Insourcing? Sounds like an oxymoron, right? Not anymore. Remote-Insourcing isn’t outsourcing—it’s a revolutionary staffing model that lets our clients fill key entry-level positions with top-tier, loyal, long-term talent, integrated seamlessly into their businesses—just like local employees but without the turnover or W2 HR hassles. With under 4% unwanted attrition, you train once and keep the same team for years.
The Case Centre has recently selected the winners of their 2017 Awards and Competitions. This year’s winning case in the Production and Operations Management category is closely related to supply chain management: Zara: The World’s Largest Fashion Retailer , written by Kasra Ferdows, Jose A.D. Machuca & Michael Lewis. This case is an updated version of the 15th in the ranking of top 40 overall best selling Zara case.
Our hearts and prayers go out to the people of London following this week’s terrorist attack. So sad, so senseless. May the days ahead be filled with peace and healing, for all the injured and mourning, and for all of us. Moving on to this week’s supply chain and logistics news… Walmart Secures Patent for Drones to Carry Products Inside Stores (Digital Trends). eBay to Roll Out Guaranteed Delivery for 20 Million Items.
Supply chain control towers have been around for a while now, but in recent years they have progressed rapidly, making. The post Inside Control Tower 4.0: Achieving Disruptive Results with Autonomous Control Towers appeared first on The Network Effect.
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