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Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. However, figuring out the best way to achieve this feat can be confusing, so warehouse managers should follow these steps. Controlling Inventory Flow Begins With Liquidate Nonessential Products. Warehouses have a tendency to become stock rooms for stale product.
Gartner measures supply chain analytics maturity across seven different dimensions. There are supply chain and demand analytics models that describe the type of analytics being deployed (e.g., descriptive, prescriptive, etc.). Now Gartner has created a different look at the issue by creating a five-stage maturity model for assessing the overall maturity level of your organization in using supply chain analytics.
by Alexa Cheater 7 barriers to aerospace and defense supply chain success. As air travel demand soars, aircraft equipment manufacturers continue to innovate in areas like jet engine fuel efficiency, navigation technology and materials science. These improvements, especially around fuel efficiency, are driving demand for newer aircraft models, and speeding up the replacement of previous generations as a result.
You’re hearing it every single day now… Digital Transformation. If “going digital” implies changing the way things work, then how must digital transformation change the way trade promotion works today? While that may require several volumes, let’s focus on five areas we know must change. #1: Failed Promotions. Oh heck, why not just tackle the big one right away?
Sharing content from third-party sources establishes supply chain companies as a go-to resource for all things related to your industry, sector, products, or services. When I hear the word “curate,” I think of an art gallery. I think of someone systematically picking pieces of art to display together. I think of the time and effort it takes to put these pieces together in a cohesive manor.
Logistics is no longer a conversation between a 3PL and their client; the end consumer has a permanent eavesdropping position that needs to be respected and catered to. Rather than functioning as a point of positive difference, customers in eCommerce spheres now expect reasonably straightforward access to their tracking information on product shipments.
Logistics is no longer a conversation between a 3PL and their client; the end consumer has a permanent eavesdropping position that needs to be respected and catered to. Rather than functioning as a point of positive difference, customers in eCommerce spheres now expect reasonably straightforward access to their tracking information on product shipments.
by Bill DuBois This guest post comes to us from Argentus Supply Chain Recruiting , a boutique recruitment firm specializing in Supply Chain Management. It’s our perpetual hobby horse here at Argentus that Supply Chain needs to be doing more as a field to attract young people. And the industry has started to pick up the slack. Whether it’s organizations partnering with universities to provide information and educational opportunities, or industry associations holding informative events aimed at t
August is usually a quiet month for supply chain and logistics news, but not this year, especially the past couple of weeks. I’m still catching up from all I missed while I was away on vacation, but I’ve highlighted some of the key news items below, with Tropical Storm Harvey topping the list. Freight Companies Scramble to Reroute Goods in Wake of Harvey (WSJ – sub. req’d).
More than 25 million small packages , otherwise known as parcels, are shipped daily. Meanwhile, the top 10 commodities shipped tend to be bulky and require less-than-truckload (LTL) shipping. But, the lines between parcel and LTL shipping have started to blur in recent years. Parcel carriers are spending less per shipment, and LTL shippers are spending less by reducing the “work” that goes into shipping.
China’s position as a production location is currently a hot topic amongst global thought leaders in supply chain. The general price level of products made in China is rising rapidly, and it has been claimed that some of the products actually originate in North Korea. So has the time come to look beyond China for low-cost production facilities? This is one of the most common questions that I’m asked when holding keynote speeches, workshops or supply-chain training courses.
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.
Logistics is no longer a conversation between a 3PL and their client; the end consumer has a permanent eavesdropping position that needs to be respected and catered to. Rather than functioning as a point of positive difference, customers in eCommerce spheres now expect reasonably straightforward access to their tracking information on product shipments.
We talk a lot about the importance of agility and flexibility in supply chain management and that is certainly true when it comes to project logistics. Almost by definition, every project is different — different suppliers, different materials and components, different locations and product flows, and different requirements and constraints. “It’s really vital for us to have a very transparent supply chain where we can see what’s going on and where every box [of materials or components] is
Even under the best circumstances, developing production/sourcing plans three, six, or nine months into the future with a high degree of confidence is difficult. Huge sales and margin impacts hang in the balance. Once orders are placed, the ability to quickly and optimally respond to changes in demand can mean the difference between profit and loss.
by Teresa Chiykowski Kinexions ’17, our annual user and training conference, is right around the corner and we’re ready to blast off. Taking place October 9-13 in beautiful Orlando, it’s more than just an opportunity to have a little fun in the sun. It’s a way to get inspired by some of the latest and greatest supply chain innovations around. From customers sharing their own supply chain innovation journeys to our expert staff guiding you through a look at what’s to come, Kinexions is THE place
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 commercial world is being roiled by new technologies. Old business models are being replaced by new ones and essential … Continued. The post Moving towards Industry 4.0 appeared first on Enterra Solutions.
Well, I’m back from vacation (more on that on Friday) and I’m slowly catching up on what I’ve missed the past couple of weeks. So, while I do that, you can check out the top posts and new episodes from Q2 2017 (if you missed the top posts and the new episodes from Q1, you can link to them here ). After reading/watching them, share this post with your colleagues and social media followers, then post a comment and share your perspective on these topics!
Artificial Intelligence (AI) has been making its rounds in world news for the last few years. With considerable advancements in the field, the concept of AI has garnered its share of fans and critics alike. While many believe AI is the next step in the industrial revolution with its potential for complete automation and an […] What Role Will Artificial Intelligence Play in Supply Chain Management?
Have you ever ordered something online and then decided to return it? You’re not alone. While returns for in-store purchases average in the single digits, returns from e-commerce sales average 30%, with even higher rates in certain categories. This creates an interesting problem for both retailers and manufacturers that sell online: in addition to predicting a customer’s original order, manufacturers and retailers need to be able to forecast expected returns.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
We live in a risky world. Supply chains, especially extended ones, are subject to an almost infinite number of risks. … Continued. The post Supply Chain Resilience in a Risky World appeared first on Enterra Solutions.
One of the first major existential questions every human faces is perhaps the mystery of their own existence; “where do babies come from?” Is a question every parent must prepare for. In order to find a suitable answer, one must look at two things – how babies are made, and who is making them. While the former only tells us about the methodology, the latter actually traces back to the roots of our creation.
One-third of edible food worldwide goes to waste, amounting to about 1.3 billion tons every year. If food waste were a country, it would be the third largest emitter of greenhouse gases next to China and the U.S. It would also have the second largest land mass behind Russia, with about 5.4 million square miles or nearly 30% of agricultural land used for producing food that never gets eaten.
Amazon has released some of the details on changes to Whole Foods and how they’re going to integrate their e-commerce business with this new physical asset. And if retailers were disturbed by the initial news of Amazon’s acquisition of Whole Foods, they should be in scramble mode now, with the details that are coming out and the possibility of more.
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.
A recent Nir & Far blog post, “ Hyperbolic Discounting: Why You Make Terrible Life Choices ,” got me thinking about the supply chain. I don’t usually default to logistics when thinking about cognitive sciences, but this time, I did. Here’s why. “Hyperbolic discounting” is a cognitive bias where people choose “smaller, immediate rewards rather than larger, later rewards.
The overlooked supply chain model. Companies are increasingly investing in their sales and operation planning (S&OP) process and tools. Gartner, an American technology research and advisory firm, considers demand planning accuracy at the top of the list of key supply chain performance indicators. By IMD Professor Ralf Seifert, with Richard Markoff, EPFL.
With the big ERP vendors invading their turf, best-of-breed SCM providers are coming up with deeper, niche-oriented solutions to help shippers manage their supply chains, our analysts discuss just how far ERP can go in this sector that’s now considered the foundation of success for digital commerce.
“If you can’t describe what you are doing as a process, you don’t know what you’re doing.” (W. Edwards Deming). In our first blog we looked at a general theory of supply chain planning, scheduling and execution in the context of daily life, in a way we can all relate to. Now let’s look at the planning process in more detail.
2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.
As the unprecedented flooding and impact from Hurricane Harvey continues to be felt throughout Houston, SE Texas, and into Louisiana, the extent of the damage and cleanup efforts needed is becoming more clear. Our thoughts are with the thousands of people who have been impacted by this crisis situation. As suspected, the storm is also having a significant impact on supply chains across North America.
Technology is growing at a rapid pace. The days of payphones, floppy disks, and dial-up internet are all but forgotten, replaced by smartphones, flash drives, and Wi-Fi. With this growth comes change that is revolutionizing the way that companies interact with their consumers and suppliers. A rising catalyst of this change is the Internet of. Read More.
As hurricanes, tropical storms, and other natural disasters begin to brew, municipalities and leaders must make tough decisions regarding preparedness and civilian evacuation. This is not as easy as saying “leave your homes and come back when things settle down.” Many families cannot afford to miss days of work; they don’t have a place to stay or cannot afford hotel surges; and even if they do try to evacuate, they get stuck in unmanageable traffic, taking countless hours to travel a few miles.
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