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Functional silos define today’s supply chain organization. The silos compete. They lack alignment. This lack of alignment is an impediment to improving balance sheet results. I am a product of traditional, silo-based thinking. My first job was in manufacturing in the 1980’s. I did not understand warehousing and transportation until reassignment to a logistics role in 1985.
Building unbreachable supply chain applications is virtually impossible. So it was with great interest that I listened to how blockchain technology could be used to create robust tendering and visibility that can be wholly trusted.
Inventory planning is especially important to small-to-midsize businesses (SMBs). Nobody wants to tie up more working capital than necessary in inventory, but SMBs typically have leaner resources, and a higher cost of capital means it’s more expensive to fund excess stock. And if a company is growing rapidly, capital is not only costly but may even require selling valuable equity.
by John Westerveld Lightbulbs that change colors from a command on your phone and turn on when you enter the room, thermostats that can figure out when you are in the house and adjust accordingly, refrigerators that e-mail you when you are out of milk, garage doors that let you know when they are open, doors that can be unlocked from your phone even when you are across the country, cars that drive themselves, tags you can put on your keys so you will never lose them again.
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.
Having been in the game of supply chain analytics for so long, we’ve noticed that data is the single biggest challenge our customers and consultants encounter. Supply chain data is distributed in myriad enterprise and external databases, access to the data is limited, it’s in many different formats and structures, it’s missing important pieces and it’s in huge volumes.
Last week I read the Logistics Viewpoints guest post by Chainalytics discussing the pitfalls of decision-marking biases. Although the Chainalytics article focuses on supply chain decision making, these biases can apply to business forecasting as well. Reading this article made me interested in my own potential decision-making biases. I chose to take time on Friday to review some of the research I have conducted during my ten years as an analyst at ARC Advisory Group. […].
Last week I read the Logistics Viewpoints guest post by Chainalytics discussing the pitfalls of decision-marking biases. Although the Chainalytics article focuses on supply chain decision making, these biases can apply to business forecasting as well. Reading this article made me interested in my own potential decision-making biases. I chose to take time on Friday to review some of the research I have conducted during my ten years as an analyst at ARC Advisory Group. […].
Apps have come to define the way we work and live in many ways. We have cars with A pps , watches running A pps , TVs that operate with A pps …as the phrase goes “There’s an App for That.” There are Apps out there for just about anything, it’s hard to imagine a world without them. Why do we love Apps so much? We get the information we need upfront, they can be used anytime, anywhere, they help us connect, and they serve a specific purpose.
by Melissa Clow This guest post comes to us from Argentus Supply Chain Recruiting , a boutique recruitment firm specializing in Supply Chain Management. We’re always trying to stay on top of Supply Chain developments at Argentus. And this sometimes takes us into looking at the emerging technologies that are poised to have a significant impact on the function.
A beautiful woman passed away this morning, my wife’s aunt who we all loved, so I will be brief with my comments about this week’s supply chain and logistics news. U.K.’s ‘Brexit’ Vote Changes European Business World (WSJ – sub. req’d). Logistics in Transition: U.S. Business Logistics Costs Slow Considerably with 2.6% Growth. Trucking Stocks Plunge on Earnings Warning (WSJ – sub. req’d).
Gainsharing has been a topic of both criticism and acclaim throughout the business world, and the same is true for gainsharing in logistics. Initially, gainsharing seems like an amazing means of growing your business, but it can prove to be exceedingly difficult to manage and even more difficult to profit from. Gainsharing comes with its share of benefits too, and more logistics services providers are starting to use a newer pricing model, Vested Outsourcing, in place of rigid gainsharing models
My takeaways from Gartner’s Supply Chain Executive Conference 2016. Apps have come to define the way we work and live in many ways. We have cars with A pps , watches running A pps , TVs that operate with A pps …as the phrase goes “There’s an App for That.” There are Apps out there for just about anything, it’s hard to imagine a world without them.
by Steven J. Puricelli A few weeks ago, I launched a new blog series on sales and operations planning (S&OP ). In that introductory post, I outlined a number of important topics that I plan to explore in more detail throughout the summer. To make sure everyone is on the same page, I want to review the basics, the foundation, which is… what exactly is S&OP?
Whether we like it or not, every company on the planet with any significant supply chain operation has an inventory reconciliation problem. It doesn’t matter if you are a retailer, manufacturer or logistics service provider, or if you have the latest and greatest warehouse management system. The fact is, if humans have to physically touch or scan inventory in the put away, inventory check or pick process, then errors will occur.
The world of container shipping is going through a prolonged period of instability due to oversupply of new ships entering service. There is also a fall in demand for the transportation of goods between major economies. Falling container shipping rates created a windfall for shippers and brought tears to shipping lines and ports. Uncertain recovery provides an opportunity to look at how better pricing, capacity management, and business optimization could combat the inevitable decline in yield.
“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.
Whether we like it or not, every company on the planet with any significant supply chain operation has an inventory reconciliation problem. It doesn’t matter if you are a retailer, manufacturer or logistics service provider, or if you have the latest and greatest warehouse management system. The fact is, if humans have to physically touch or scan inventory in the put away, inventory check or pick process, then errors will occur.
Most analysts agree that businesses face an imperative to transform into a digital enterprise or lose ground to competitors that … Continued. The post Meeting the Digital Enterprise Transformation Imperative appeared first on Enterra Solutions.
The essence of business can be viewed as an organization's ability to deliver more value to customers than their competitors. In a global marketplace, this often manifests itself as a constant downward pressures on prices, as each business struggles to maintain and expand on market share in the face of strong competition from both foreign and domestic competitors.
I was lucky to attend the Gartner Supply Chain Executive Conference in Phoenix last May. 1 of the keynote speakers was Mike Duke, the former CEO of Walmart. He summarized his career in 10 pieces of advice he got from 10 key persons throughout his life. His parents, his teacher, his first boss, … Advice #1 received from his parents: “There’s no substitute for hard 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
Whether we like it or not, every company on the planet with any significant supply chain operation has an inventory reconciliation problem. It doesn’t matter if you are a retailer, manufacturer or logistics service provider, or if you have the latest and greatest warehouse management system. The fact is, if humans have to physically touch or scan inventory in the put away, inventory check or pick process, then errors will occur.
Tracking the status of ocean shipments accurately and in real time is critical to the goal of achieving end-to-end visibility into global supply chains. Yet this operational Holy Grail remains elusive, despite advances in information technology. A hurdle to this goal that individual organizations can address, is the inability of companies to measure the value of visibility to […].
According to a Reuters report, Target is cracking down on suppliers to better compete with Amazon and Walmart. Target’s new policies, which took effect May 30, require suppliers to provide a single day arrival date for shipments to Target's warehouses and do away with delivery “grace periods.” Suppliers who fail to deliver on time will be charged late fees of 5 percent of the order cost, an increase from their previous 1 percent to 2 percent.
Organizations, from health care facilities to manufacturing giants to small restaurants, can be viewed as an ongoing sequence of loosely coupled activities where current and future assets are matched with current and future demand across the supply chain or demand supply network (preferred term of Dr. Karl Kempf – Director of Decision Technology and Senior Fellow, Intel).
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.
Finals are complete, diploma accepted with proud family and friends looking on, and celebrations commencing. Now the post-college graduation reality sets in for graduates…the job hunt. Whether majoring in something specific to the field or any variety of business related degrees, the supply chain industry provides a plethora of career opportunities for qualified and motivated.
Companies like MacroPoint, FourKites and others offer the next generation of freight tracking capabilities, leveraging the latest mobile device tech and web-based apps to yield up-to-the-minute location information for over the road freight shippers, carriers and 3PLS. These new, easy to implement, low-cost offerings can work either in lieu of – or even more effectively in conjunction with – in-cab telematics systems and EDI making them very attractive to transportation users of all strip
A highlight of the annual Gartner Supply Chain Executive Conference is the release of top 25 supply chain list that ranks the best supply chains. (BTW, it was satisfying to see that 50% of the companies on the 2016 list work with APICS!) Winning an award presents a great opportunity to do some marketing, and that got me thinking that supply chain organizations should do more to market themselves.
Supply Chain Talent Friday. Datum: 16 September 2016. Locatie: Kromhouthal, Amsterdam. Organisatie: BLMC & Supply Chain Media. Do you want to win or lose the war on talent in supply chain management, purchasing, operations and logistics? Meet the 300 most talented supply chain professionals. In your company, just as in many others, the supply chain management, purchasing, operations and logistics departments probably have an urgent need for reinforcement by competent professionals (such as d
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.
Phat Doan, Mandy Kuo, Philip Okwo, Brendon Pezzak, Roxana Ruvalcaba, Christopher Tang, and David Zhao, UCLA Anderson School. In the U.S., Feeding America is a national human services agency that distributes food donated by large food manufacturers (such as Kraft) to a nationwide network of food banks (Figure). At each food bank, 20% of the foods is provided by Feeding America and the remaining 80% is donated by the local food manufacturers and distributors.
Tom Cook has authored nineteen books on global trade and supply chain. The June issue of American Shipper magazine published an article by Cook on developing sustainable relationships which this blogger found to be compelling because most of the advice his piece provides can be realized via the use of good, cloud-based TMS software. So with a hat tip to Mr.
Weighing Managed Services? An Ounce of Prevention Really is Worth a Pound of Cure.Connect. The demands on your logistics management operation have increased to a point where it’s time to consider adopting a managed services model. Where do you go from here? In some ways, managed services solutions are a level up from traditional third party logistics provider (3PL) models, where a 3PL handles carriers and negotiates rates for you.
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