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Editor's Note: Today's blog is by Dr. Muddassir Ahmed of muddassirism.com. In this blog he provides a simple reference guide to better yourself as a supply chain leader. Why Focus? Supplier Development is a proactive & reactive business process that aims to increase the performance. and/or capabilities of the supplier and meet companies' short- and/or long-term supply needs.
The keynote address at the always enlightening Supply Chain Insights Global Summit was given by Lora Cecere, and she used it to focus on the problem of growing supply chain planning complexity and how to fix it. “The processes we have designed over the last three decades do not allow us to embrace complexity,” said Cecere. “They do not allow us to really drive global interactions to the degree we need for localized assortment.
by Dr. Madhav Durbha Part of what makes my job very exciting is attending conferences. These events provide great opportunities to share, learn, network, and have fun. Earlier this week, I attended the LogiPharma conference, a wonderful event for supply chain professionals working in the pharmaceutical industry. Apart from taking part in numerous interactive presentations and roundtables, I had the opportunity to host a luncheon alongside my colleague, Bill Dubois , for a packed room of pharmace
When Transportation Optimization and New Shopping Behaviors Collide One needs to go back to the early 2000s to see green shoots of modern omni-channel retail. While web-based e-commerce began in the late 90s, consumer and retailer appetites didn’t get whetted for omni-channel experiences until the early part of the last decade. Indeed, by 2002, Best Buy was saying more than half of its customers were checking its website before coming to the store.
In today's rapidly evolving logistics industry, companies consistently strive for efficiency and competitiveness. However, the most significant factor driving business success isn't just technology or infrastructure—it's the people behind your processes. Employees aren't merely resources; they're your most strategic asset. High turnover rates and constant retraining costs severely impact logistics companies, draining productivity and profitability.
Live Episode: Thursday, September 29, 2016 at 12:00 pm ET. Many companies know intuitively that they are leaving money and other benefits on the table when it comes to their supply chain and logistics operations. This is especially true in transportation management. The challenge is uncovering those hidden opportunities and executing them effectively, and that’s where actionable intelligence comes in.
Where were we? I’ve already shared the first two steps you can take to reduce inventory: set a goal , and develop a safety stock strategy. My third tip will relate to forecast accuracy—always a hot topic of discussion. You’re not going to make any lasting headway on inventory reduction unless you can get your sales forecasts under control.
Where were we? I’ve already shared the first two steps you can take to reduce inventory: set a goal , and develop a safety stock strategy. My third tip will relate to forecast accuracy—always a hot topic of discussion. You’re not going to make any lasting headway on inventory reduction unless you can get your sales forecasts under control.
by Bill DuBois Almost daily I read about supply chain challenges and the increasing complexities driven in part by demand volatility and unexpected supply disruptions. As much as we strive to improve forecast accuracy, nobody can predict the future and the events that will throw plans out of balance. Managing and responding to unexpected change rapidly and effectively is a competitive advantage.
We live in the digital age; mobile technologies have penetrated deep into most societies; and, the digital path to purchase … Continued. The post Digital Transformation and the Digital Path to Purchase appeared first on Enterra Solutions.
In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now.
S&OP Maturity Series, part 4 of 5. Those of you who have been following this series would be familiar with Andrew, who has been playing an integral role in the company’s success: Securing the profitable ASDF account. Using forecasting solutions to optimize plans for the future. Leveraging on knowledge gained through Q Co.’s end-to-end supply chain visibility to renegotiate supplier contracts for improved cost savings.
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.
This is the third and final article in our series on supply chains and networks. You can read part 1. The post The Multi-Party Network for Supply Chains appeared first on The Network Effect.
“You can no longer simply produce great products and services and expect to succeed,” asserts a report from Forrester It continues, … Continued. The post Digital Enterprise Transformation Requires Commitment, Part 2 appeared first on Enterra Solutions.
Will there be a future for driverless trucks in logistics? Will that future arrive soon or many years from now, if ever? Those are two of the most common questions I hear about driverless trucks, or to use the term preferred by the Department of Transportation, autonomous vehicles, which includes both cars and trucks. “It’s really interesting how [activity around driverless vehicles] has developed fairly rapidly over the last couple of years,” said Jeff Potts, Senior Vice President Business Deve
Let’s face it. Collaboration is beneficial, but typically hard to do in big enterprises. There is a lot of talk these days about the benefits of collaboration for manufacturers. It generally goes something like this: “If we can promote greater cross-functional teamwork, engage our suppliers more effectively and share important information more broadly, we can improve profitability, get to market faster, serve our customers better, etc.”.
Bryan Wyatt | Senior Manager, Transportation | Chainalytics The term “last mile” originated outside our industry. In fact, it comes from the telecommunications industry and refers to the installation and delivery of communication services to the end client. In the realm of transportation, though, last-mile delivery means the item’s final destination in the supply chain … The post Good to the Last Mile appeared first on Chainalytics.
The topic of agriculture generally brings to mind scenes of waving grain, orchards of fruit trees, and/or animals grazing peacefully … Continued. The post Agriculture: The Jetsons Meet the MacDonalds appeared first on Enterra Solutions.
Another Friday where I have limited time, so let’s go straight to this week’s supply chain and logistics news that caught my attention: Uber to move freight, target trucking for the long haul (Reuters). UPS And CyPhy Works Test Drone For Urgent Commercial Delivery. Package-Delivery Drones Likely Years Away From Federal Approval (WSJ – sub. req’d).
Many companies have high hopes when they set out to implement a Lean improvement program. But if the program ultimately fails to yield expected results, it can be difficult to pinpoint where the problems lie. A growing body of knowledge and experience indicates that Integrated Business Planning (IBP) may be the key ingredient for lean success. Lean is all about creating a physical environment that enables material to flow efficiently from raw through finished product to the customer.
Strengthen your operations with the Supply Chain Resilience Checklist. This practical, easy-to-use tool helps your organization prepare for disruptions and ensure long-term continuity in an unpredictable world. Why Download: Identify and assess critical supply chain risks Ask the right questions to evaluate vendor preparedness Implement effective strategies to reduce vulnerabilities Improve communication, transparency, and coordination across your network What You’ll Learn: How to evaluate and m
Where were we? I’ve already shared the first two steps you can take to reduce inventory: set a goal , and develop a safety stock strategy. My third tip will relate to forecast accuracy—always a hot topic of discussion. You’re not going to make any lasting headway on inventory reduction unless you can get your sales forecasts under control.
“The race is on to transform today’s enterprise to a digital entity,” writes Arthur Cole (@acole602), “which sounds like a … Continued. The post Digital Enterprise Transformation Requires Commitment, Part 1 appeared first on Enterra Solutions.
The director of Supply Chain (or inventory, manufacturing, analytics, customer order fulfillment, etc.) has pulled together a cross-discipline team to identify potential enhancements in managing the demand-supply network (DSN) that will result in improved business performance. Typically, these enhancements focus on better coordination and more intelligent decision with respect to matching assets with demand across the DSN to handle scope (complexity) and scale (size).
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.
Spot market activity often ramps up in the West during the fall season, but there's added pressure this month. Hanjin Shipping recently filed for bankruptcy , and a number of its ships pulled into port last week, after a lot of delays and uncertainty. Hanjin is the world’s seventh-largest commercial shipping company, and it’s struggling to find the money to unload its ships.
Are logistics service providers really moving with the times when it comes to IT? I sometimes wonder. But the gaping void between what logistics service providers offer in terms of IT expertise and what clients demand from them has become smaller and is stabilising, according to the 20th edition of the annual ‘ThirdParty Logistics Study’ conducted by Capgemini and America’s Penn State University, among others.
Nearly three-fourths of shippers (71%) said real-time analytics from 3PLs help them better understand shipping alternatives, and 61% valued 3PLs’ assessments of trade lanes and origin-destination pairs in terms of cost and service levels. read more.
Perhaps you’ve seen the identity theft commercial that shows a bank robbery in progress. Panicked customers look to the security guard to intervene, only to learn that he’s not really a security guard. He informs them that he’s a security monitor: His role is only to notify people if there’s a robbery. Not very helpful to the scared customers laying on the bank floor.
The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.
Chris Swearingen, manager of SenseAware at FedEx, gave a talk titled "How Innovations in Manufacturing and Supply Chain are Redefining Mobility and Reshaping the Globe" he spoke about the company’s “internet of things” product SenseAware and how it is driving supply chain optimization.
Fourth release of 3PL Subway Map Europe. Manufacturers and retailers welcome the ongoing consolidation in the fragmented logistics industry. they want logistics service providers to offer full service on a global scale and are demanding more technological innovation. these are the main conclusions from Supply Chain Movement’s annual study as the basis for the 3pl subway map europe 2016, which shows the specific services of the most important logistics service providers.
What do at least 70 percent of your workers likely bring with them every day when they report to work? Here's a hint: if they're millennials, it's more like 85 percent. [1]. You know it: The correct answer is their smartphone.
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