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Restaurants are giving away toilet paper with to-go orders — even the coveted two-ply. Handsanitizer has become a black market item. Empty shelves are a familiar sight and it’s tempting to go to the grocery store as a way to gauge if we’re recovering from the severe demand and supply shock caused by COVID-19. This is our new normal. As much as we consumers have felt the pain of “out of stock”, our hospitals and first responders (like nurses, as highlighted by Linkedin) , have felt it even more i
The rug has been pulled out from beneath us. Doing things the same way we’ve always done them will no longer serve us, so we can’t simply put it back in its place. In fact, the definition of pulling the rug out from underneath someone is that doing so causes their plans to fail, because they have little recourse or time to respond adequately. It’s a fitting metaphor for the world’s supply chains, which have […].
Prescriptive Analytics turns you into a Strategic Business partner through the transformational-value of your business. Prescriptive Analytics nowadays has good market penetrations, and it is likely to extend even further by 2020.
The fundamental challenge in retail is one of balance. More specifically, balancing the need to achieve the company’s fiscal objectives, execute effectively at the store level and satisfy customers. The sheer complexity of modern omni-channel retailing makes this difficult. Given how critical this balance is, I am amazed when I hear many retailers rely on a combination of spreadsheets and assumptions to drive the plan.
Learn about: The benefits of backorders The challenges of backorder processing The best ways to manage backorders in retail. Successful suppliers can still sell their products to customers even if they don’t have the inventory. To do so, they use backorders. Backordering is the process of giving your customers the facility of placing orders even when you have insufficient stock.
What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.
What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.
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Over the last several years we have written about what the future of drones holds for supply chains. As technology has improved and regulations have eased, drones have increasingly made their way into the conversation around home delivery. However, there are still a number of obstacles to clear before this becomes a common option across the country.
“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.
Today’s post is part of our “Making a Difference: Supply Chains for a Better Tomorrow” series that focuses on the supply chain capabilities that will separate the leaders from the laggards in the years to come. This episode features Greg Ackner, VP at Capital Logistics, Jay Gustafson, SVP of Marketplace Solutions at Echo Global Logistics, Read more Making A Difference: Capital Logistics, Echo Global Logistics, & Descartes.
It appears new technology developments and advanced systems continue to push the boundaries of efficiency in logistics, but last mile savings remain elusive. And, last mile cost control is becoming more difficult for both urban and rural deliveries to consumers and business. According to Business Insider, “in rural areas, delivery points along a particular route.read More.
UPS has dubbed January 2 as National Returns Day, where the company ships close to 2 million unwanted items back to retailers. While retailers plan for the holiday buying surge for months, they take equal care in preparing for the influx of returns when the holiday season ends. But as we know, 2020 is a different beast, as the coronavirus pandemic has caused a lot of shifts and pivots in the global economy.
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
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis.
Many years from now, when we look back on 2020, what will we say about it? As we begin the sixth month of this year, may the days and weeks ahead, through hard work and the courage to change and innovate, lead us to a better future. —- In this week’s supply chain and logistics. Read more Above the Fold: Supply Chain Logistics News (June 5, 2020).
In today’s world, it isn’t really all that hard to imagine how technology is going to continue to change our lives. What’s probably harder is imagining going back to a time before technology and trying to imagine yourself adjusting to that lifestyle. For many of us, not only is it hard to imagine, but it.read More. The post The Growing Role of AI in Supply Chain Management appeared first on Transportation Management Company | Cerasis.
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This week, Logitsyx Technologies asks if retailers are ready for peak season. Peak season is always stressful for the retail industry, but the COVID-19 pandemic could create more issues than usual.
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.
The Covid-19 pandemic has drastically altered the traditional business model. Companies looking to resume business are searching for ways to operate at a normal pace while maintaining new standards regarding cleanliness and social distancing. While wide-scale automation has always seemed like an inevitable part of the future, the pandemic is undoubtedly accelerating the push.
This article was co-written by Cathy Fisher , founder and president at Quistem , a global expert in quality management systems. COVID-19 has disrupted manufacturing operations worldwide. The automotive industry was shut down and many other manufacturing sectors have been severely impacted. The food and beverage industry is no exception as manufacturers have been impacted in a number of areas.
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 post June 22, 2020 / 11:00 AM EST<br>Achieving Resilience in the Manufacturing Supply Chain – Research & Learnings from Leading Manufacturers appeared first on Ivalua.
This article was co-written by Cathy Fisher , founder and president at Quistem , a global expert in quality management systems. COVID-19 has disrupted manufacturing operations worldwide. The automotive industry was shut down and many other manufacturing sectors have been severely impacted. The food and beverage industry is no exception as manufacturers have been impacted in a number of areas.
The fashion industry is well known for being a tough business. With big companies like Forever 21 having solvency problems, it becomes apparent that any weakness in supply chain or demand forecasting can seriously hurt a fashion company. So what can be done about the fashion supply chain, and how can it be managed better? Here’s an overview of the issues, and how they can be helped.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
Blockchain is quickly emerging as an ideal solution for navigating black swan supply chain events, including the COVID-19 pandemic. Learn more about how blockchain can make global supply chains stronger and more resilient in the face of unforeseen threats. This white paper will set out to do the following: Explain how global supply chains have been affected by the COVID-19 pandemic.
There’s a common belief that younger generations, especially teenagers, believe they are invincible. I’m not sure it’s invincibility they feel; more likely it’s possibility. Before them lies the future and all the choices they will have to make along life’s journey. The current coming-of-age generation is Generation Z (aka Gen Z).
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