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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
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.
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 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.
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.
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.
With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end. To build more powerful relationships, extending across a critical mass of trading partners, companies need to utilize a robust platform like a supply chain operating network, which leads to increased visibility for continuous improvements in company performance, agility, and dif
With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end. To build more powerful relationships, extending across a critical mass of trading partners, companies need to utilize a robust platform like a supply chain operating network, which leads to increased visibility for continuous improvements in company performance, agility, and dif
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.
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.
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.
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.
“A new study shows supply chain executives demonstrate higher levels of psychopathic tendencies than any other role in the business … Continued. The post Are “Psychopaths” Helping or Hurting Your Supply Chain? appeared first on Enterra Solutions.
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.
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.
Are you attending the Council of Supply Chain Management Professionals (CSCMP) Annual Conference later this month (September 25-28 in Orlando, FL)? If so, I invite you to attend two of the sessions that I am participating in, both related to transportation management: TMS 4 SMB: A Case Study with Carhartt. Date: Monday, September 26, 2:00-3:15 pm. Room: Sun 3-4.
“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 my last blog post , I mentioned that I’d be sharing five steps you can take to start reducing your inventory as soon as this week. As promised, today’s post will continue the series. If you read my first post and took my advice, you’ve already set a goal for inventory reduction. That wasn’t so hard, was it? So, what comes next?
With summer almost over, I thought it a good time to take a look back at our top posts of. The post The Most Read Posts So Far (Summer 2016) appeared first on The Network Effect.
Many analysts have predicted that for companies to survive in the digital age they must transform into digital enterprises. What … Continued. The post Some Do’s and Don’ts for Digital Enterprise Transformation appeared first on Enterra Solutions.
The U.S. National Counterintelligence and Security Center (NCSC) recently announced its plans to help industry and government address supply chain risks. As a part of this campaign, the NCSC released a video outlining threats that foreign entities, criminals, and hackers present to the private sector supply chain—and in turn to the public sector organizations that use goods and services from the private sector.
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
Changing market conditions makes demand planning in the bioscience and pharmaceutical industries highly critical. More accurate demand planning and forecasting is required for achieving overall business objectives in the areas of growth and operational efficiency. The Delaware Bio & Pennsylvania Bio Supply Chain Summit on Wednesday, September 21, 2016, features round-table discussions on the scope of the Pharmaceutical and Bioscience industry.
By Jonathan Whitaker, Principal, Managed Analytics Services, Chainalytics Chainalytics is actively involved with providing Supply Chain Reference Model (SCOR™) training for many of our customers, so we’re always interested in the ways that our clients can benefit from better logistics approaches and deeper insights into supply chain issues and APICS guidance.
Have you ever gone fishing? If you have, then you understand your chances of catching something improve when you know … Continued. The post Targeted Marketing Personas: More Catching Less Fishing appeared first on Enterra Solutions.
John Mabe is a blogger and writes about technology’s impact on Logistics with a specific focus on how emerging technologies are transforming eCommerce logistics. He is based in Sydney, Australia has worked previously for DHL, Republic National, and Tyco where he focused on supply chain technology.
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.
When it comes to inventory optimization , companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand. If your forecast numbers are too low on the contrary, you may be ridden with a loss in possible sales and disgruntled customers due to a stock out.
In my last blog post , I mentioned that I’d be sharing five steps you can take to start reducing your inventory as soon as this week. As promised, today’s post will continue the series. If you read my first post and took my advice, you’ve already set a goal for inventory reduction. That wasn’t so hard, was it? So, what comes next?
As cognitive computing systems and the Internet of Things (IoT) continue to mature, there will be more and more written … Continued. The post Smart Cities can’t be Dumb about Last Mile Logistics appeared first on Enterra Solutions.
Figure 1. Role of Prescriptive Analytics in Next Generation Decision Support. There is a new technology revolution in the making with the explosion of Internet of Everything, Machine Learning, self-driving cars, etc. This conjures an image of large scale automation of decisions based on real-time information. This is a vision that is applicable to the supply chain world as well.
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 last twenty years have seen amazing expansions in global supply chains. On the supply side, companies began looking for lower-cost sources from different geographies. Whether it was the US going to Asia or the EU going to Africa or the Eastern European countries to procure lower cost components, this concerted effort created a coordination challenge across a vastly extended supply network.
The spot marketplace remains tame despite occasional surges that cause scattered rate hikes. Capacity finds those opportunities, and throughout 2016, spot markets have restored 'normalcy' without generating the ripple effects that typically drive contract rates higher. I’d advise shippers to not get complacent about transportation costs for the longer term, however.
“Run from what’s comfortable. Forget safety. Live where you fear to live. Destroy your reputation. Be notorious. I have tried prudent planning long enough. From now on I’ll be mad.” ~ Jalaluddin Rumi. The first day of the keynote speech at the Supply Chain Insights Global Summit from Lora Cecere – CEO and Founder Supply Chain Insights ended with the famous quote from Rumi, instigating the need for a disruption in the traditional way of thinking about supply chain processes.
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