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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.
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.
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 When these connections are made, companies can replace static, outdated business models with flexible networks.
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.
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 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.
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.
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
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.
by Melissa Clow This guest post comes to us from Argentus Supply Chain Recruiting , a boutique recruitment firm specializing in Supply Chain Management. Every once in a while, we like to take a step back and assess the state of the job market, as well as the state of how people feel about it. It’s clear that the world of work is changing. The workforce is becoming nimbler, and it’s less common than ever for someone to stay at one job, or one company, for your whole career.
“There’s a saying,” writes Warrick Beaver (@WarrickBeaver), Managing Director of Customer & Third Party Risk at Thomas Reuters, “that you … Continued. The post Supply Chain Risk Management: You Can’t Outsource Responsibility appeared first on Enterra Solutions.
I just came back from the 5 th Production & Operations Management World Conference , which was held in Havana, Cuba. The P&OM World Conference is co-organized every four years by three leading academic associations which represent the operations management discipline in three regions: EurOMA , JOMSA and POMS. What I really like about the conference is the global networking opportunity it offers.
Driverless vehicles, drones, and 3D printing — three emerging technologies that will ultimately impact supply chain and logistics processes — are the top headlines this week. I’m on borrowed time this morning, so I’ll defer my commentary to next week. But it’s sufficient to say that the pace of change continues to accelerate in the supply chain and logistics world — everything from technology, regulations, and the competitive landscape to more demanding customer expectations &#
S&OP Maturity Series, part 3 of 5. Readers of my previous posts ( part 1 and part 2 ) will have seen how Q Co. has successfully integrated the new ASDF account into their normal business procedures. Optimized solutions for both demand and supply planning are used to chart the safest (and most profitable) course of action. However, as always, new challenges await.
Want to connect with a Chainalytics expert? We need just a little information. contact-form-7. The post Five Supply Chain Changes that Prompt a New Off-Season Packaging Workout Plan appeared first on Chainalytics.
“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.
I just came back from the 5 th Production & Operations Management World Conference , which was held in Havana, Cuba. The P&OM World Conference is co-organized every four years by three leading academic associations which represent the operations management discipline in three regions: EurOMA , JOMSA and POMS. What I really like about the conference is the global networking opportunity it offers.
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 Can Optimize Fleet Management appeared first on The Network Effect.
The surprising outcome of the 2016 referendum on European Union (EU) Membership for the United Kingdom (UK) has led to a complex process of withdrawal that is estimated to take two years. This vote to leave the EU will cause political and economic changes and impact free trade agreements, regulatory frameworks, workforce availability, currencies, and investments.
The bill of materials for an iPhone 7 equipped with 32 gigabytes of NAND flash memory carries $219.80 in bill of materials costs, according to a preliminary estimate from IHS Markit.
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
Contents Supply Chain Movement 22 – 2016 Q3. Publishing date: 16 September 2016. 6 | News & Background. ‘It’s all about Customer Segmentation’. Winner of last quarter: Unilever. Loser of last quarter: Volkswagen. Unilever wants to improve its planning and differentiation. Strategic moves among logistics providers. 8 | Snapshots: Launch Supply Chain Executive Club. 12 | 3PL Subway Map.
This is the second in a series of posts about operations and support for complex systems (or systems of systems), such as an electrical grid, railroad line, or assembly line. Such systems are nearly ubiquitous in business today, but we rarely consider their supply chain requirements until there is a problem.
Note: This is a guest blog from our Adam Robinson at Cerasis. In this blog, Adam discusses the opportunities of the Internet of Things for the logistics and manufacturing industries.
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 professionals are generally more focused on the practical side of their discipline and less focused on promoting that discipline or networking. Companies that want to communicate effectively about their supply chains, whether with suppliers, investors, customers or internally with their own employees, often lack the necessary tools. When it comes to improving understanding of and fostering support for the supply chain organisation, face-to-face communication is indispensable.
Yu Chen, Pratik Gupta, Xiang Han, Lucerna Huayanay Velasco, Alex Kim, and Felipe Caro. In 2009, Facebook designed one of the world’s most energy efficient data centers, one that could handle unprecedented scale at the lowest possible cost. In 2011, Facebook shared its data center’s design with the public and launched the Open Compute Project (OCP) to create a movement in the hardware space that would bring about the same kind of creativity and collaboration we see in open source software.
Founded in 1977 1 , Hanjin Shipping Company is the world’s seventh-largest container shipping company 2. Throughout the years, they have operated about 141 ships, 97 for containers, and 44 bulk carriers. The Korean shipping company has made recent headlines when they announced that they were filing for bankruptcy. The ripple effects of the announcement were drastic.
While it is sometimes considered an afterthought – especially within the supply chain – sustainability can play a major role in the criteria that helps a manufacturer determine what solution providers to work with. As customers continue to request information from suppliers, partners and vendors about their environmental, social and compliance-related capabilities, there is no […].
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.
Fit for Growth 2016. Date: 24 November, 2016. Venue: Rin Grand Hotel, Bucharest, Romania. Organisation: BME Verband. URL: www.bme.de/en/all-events/fit-for-growth/. German-Romanian Supplier Dialogue. In cooperation with the companies Dräxlmaier and Stabi lus, the Association for Supply Chain Management, Procurement and Logistics (BME) is organizing the first German-Romanian Supplier Dialogue Fit for Growth on 24 November 2016 in Bucharest, Romania.
Published with kind permission of MHD Supply Chain Solutions Magazine. Uber this, Uber that… Ever since Uber reinvented taxi services by placing itself in between customers and private car owners, “uberisation” has become a craze. That doesn’t mean that everything will or even can apply the Uber concept, but it certainly doesn’t stop people from trying.
In 2004, Blockbuster was valued at $6 billion. The blue and yellow glowing stores were a staple in nearly every suburban city, and a typical Friday night for an American family wasn’t complete without a trip to the video store. Six years later, Blockbuster was bankrupt, every store shut down and families were ordering videos online from Netflix, only traveling as far as the mailbox before settling in for the night.
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