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Global growth is slowing to levels of GDP. Notice that the average growth for consumer nondurables (often termed household products) is 1.7%, as shown in Table 1. This is a far cry from the pre-recessionary growth rate of 6%. Public markets reward growth; and as year-over-year revenues slow, companies attempt to grow using tactics like new product launch, price incentives and trade promotion management.
Today in America, we commemorate the signing of the Declaration of Independence in 1776. The American Revolution left us with stories of heroism, betrayal, sacrifice, and struggle. Few people, however, think about the war for independence and the vital role played by the supply chain. The justification most often cited for the revolution is the unfairness of taxation without representation; or, as the Declaration states: “Imposing Taxes on us without our Consent.” If, however, the co
For most individuals, surprises can be wonderful—but, as a shipper, you try to avoid them at all costs. Because in supply chains, surprises tend to mean wasted time and added expense. Your best bet to avoid unexpected trouble? Develop a comprehensive truckload strategy so you’re prepared to handle just about anything. Building the right truckload strategy for your business.
There are 5,280 feet in a mile. Logistics providers know their job isn’t complete until every foot of the last mile is covered. Even when a product travels thousands of miles, those last few feet are often the most challenging. Edwin Jiang notes, “Today, the last mile remains both the most challenging and costly segment of the journey, accounting for nearly 50 percent of the total cost of delivery.
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.
The world’s largest home furnishing retailer has 355 stores in 29 countries. What are the best-kept secrets behind IKEA’s supply chain management processes?
Another sign of getting old I guess. When was the last time you watched a football match when no tattoos were on show and the haircuts did not look like something out of the Time Warp musical? As I write England is still involved yet we are all waiting for the inevitable elimination on penalties. At least it won’t be to Germany this time – what rotten bad luck boys!
Another sign of getting old I guess. When was the last time you watched a football match when no tattoos were on show and the haircuts did not look like something out of the Time Warp musical? As I write England is still involved yet we are all waiting for the inevitable elimination on penalties. At least it won’t be to Germany this time – what rotten bad luck boys!
Even though shipments may be transported over hundreds of miles, or just a few miles, the main focus today is on the final mile — that is, making sure the delivery experience for the end-customer (which in many cases is a home delivery) is a positive one. What factors are driving this growing attention to final-mile delivery? Why is it important?
On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static. A chemical plant is a complex and expensive array of storage tanks, pipes, controls and special chemical or biological transformation and/or separation equipment to take raw materials and create new value-added materials.
With the mid-year upon us, it’s time to review what people are reading. Next week we’ll reveal the top five. The post Most Popular Supply Chain Posts of 2018 So Far (Part 1) appeared first on The Network Effect.
Some time ago I wrote about the way spreadsheets were undermining expensively assembled ERP’s in FMCG, Brewing and Pharmaceutical companies. They still are, by the way.
I love the 4 th of July Holiday. As a kid, the 4 th of July always represented the best of the summer school break and often included fun activities like camping, fishing, spending time in a park, parades, and wonderful firework displays. Of course there was always the abundance of kid friendly foods like hot dogs, hamburgers, popsicles, watermelon (and the ensuing watermelon seed spitting distance contest), salty chips of all kinds, and lots of sugary drinks.
The changing supply chain landscape. The emergence of AI and Machine Learning in the supply chain is changing the way managers approach managing inventory, production, distribution and selling to optimize the customer experience. Data from customer promotions, weather, local events and holidays also present a plethora of variables to account for in estimating demand across hundreds or thousands of demand points (stores, web sites, catalogs, etc.) and across hundreds or thousands of SKUs/items.
Laurel and Hardy, Morecambe and Wise, Abbott and Costello, Little and Large, Hale and Pace, May and Johnson. These are examples of double acts where one party plays the straight/stooge and apparently serious man while the other plays the fool/jester. I admit I am not too sure who is who in the last example.
“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.
Maximizing efficiencies is incredibly important for any business owner, but especially for those who are trading in multiple markets. Once you’re up and running, take control of your expanding business by managing all your operations on one platform.
On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static. A chemical plant is a complex and expensive array of storage tanks, pipes, controls and special chemical or biological transformation and/or separation equipment to take raw materials and create new value-added materials.
72% of manufacturers say real-time monitoring is essential for streamlining and making inventory reconciliation more efficient. 69% are relying on real-time monitoring to increase the accuracy of tracking production time, downtime, total parts created, rejects and parts remaining to be produced. 63% are relying on real-time monitoring and consider it essential for tracking machine utilization, scrap and downtime reporting. 53% rely on real-time monitoring to increase Overall Equipment Effectiven
Elastic logistics is the new and evolved version of 'lean supply chain movement'. As technology has caught up with logistics, latest delivery schedule and route planning help companies are on top of all market demand fluctuations and keep their products on shelves at all times or reach the consumer's door within a day or two.
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
As Americans kick back and relax this July Fourth, many brands may wonder how they can remain patriotic year-round. As trends point brands to expand into the global market, many are working to invest in local communities as well. To fuel initiatives that benefit business and the economy, brands can start with revamping the supply […]. The post Driving American Business with an Optimized Supply Chain appeared first on Steel Connect.
I love the 4 th of July Holiday. As a kid, the 4 th of July always represented the best of the summer school break and often included fun activities like camping, fishing, spending time in a park, parades, and wonderful firework displays. Of course there was always the abundance of kid friendly foods like hot dogs, hamburgers, popsicles, watermelon (and the ensuing watermelon seed spitting distance contest), salty chips of all kinds, and lots of sugary drinks.
Many warehouse teams are adopting mobile devices. The digital transformation movement is alive and well in many industries, but it is proving particularly disruptive in the supply chain. Businesses are facing new challenges in terms of inventory management and order fulfillment, and the time to move to embrace digital solutions has arrived. What’s more, the rapid pace of operations across warehouse settings is pushing organizations to not only put new digital systems into place, but to tru
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.
In a digital world, it's amazing that many companies are still using Excel to manage their inventories. Supply Chain Insights’ 2018 Inventory Optimization Technologies Study suggests this number could be as high as 75%.
Welcome to Friday in 5: news from around the supply chain landscape, served up in one spot to keep you up to date and informed. This week: Amazon Prime Day gets longer and adds Whole Foods deals; U.S. tariffs start to impact manufacturing; year-over-year orders for big rigs doubled in June; new advances in consumer chatbots could save businesses billions; and two major European grocers will team up in a bid to keep supplier prices low.
My grandma has always been a huge part of my life; growing up with her, literally, a 5-minute drive around the corner, ready to lend a helping hand usually with…
Many warehouse teams are adopting mobile devices. The digital transformation movement is alive and well in many industries, but it is proving particularly disruptive in the supply chain. Businesses are facing new challenges in terms of inventory management and order fulfillment, and the time to move to embrace digital solutions has arrived. What’s more, the rapid pace of operations across warehouse settings is pushing organizations to not only put new digital systems into place, but to tru
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.
We all know that different products sell at different rates, depending on the need that they address. The challenge is to be able to meet demand without incurring costs due to over-stocking. With operating profits under considerable pressure, retailers need more precise demand forecasting and stock replenishment to reduce inventory costs and still have the right product available to meet customer needs.
Welcome to Friday in 5: news from around the supply chain landscape, served up in one spot to keep you up to date and informed. This week: Amazon Prime Day gets longer and adds Whole Foods deals; U.S. tariffs start to impact manufacturing; year-over-year orders for big rigs doubled in June; new advances in consumer chatbots could save businesses billions; and two major European grocers will team up in a bid to keep supplier prices low.
Companies have increasingly large supply bases for various reasons: acquisitions, decentralized procurement, uncontrolled supplier portfolios, or process weakness. Due to the high number of suppliers, supply processes, and resource constraints, significant productivity goes unrealized. Strategic sourcing teams focus on high-value-add suppliers and strategic projects while plant buyers address tactical suppliers when issuing orders.
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