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In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. Labor is an important input with 50-60% of employees of the company reporting through supply chain organizations. Is talent a cost or an asset? Most companies say that employees are an asset, but treat it as a cost. Today, with companies having a keen-focus on costs, talent development often takes a back seat.
by Dr. Madhav Durbha The 2017 Gartner supply chain executive conference took place at the O2-Intercontinental Hotel in London on September 20 th and 21 st. The theme of the conference was ACT (Aspire, Challenge, Transform), same as the Gartner supply chain summit in Phoenix during May of this year. A few of the presentations in London, such as a highly provocative key note by John Philips of PepsiCo are a repeat from this prior event.
We have tackled the question of automation before, but his time I want to focus specifically on what automation will mean to the job of the supply chain planner. There is a saying that the best forecasts come from having access to inside information that is not yet widely known. In writing this blog, I have been talking to analysts, consultants and pundits—but most important watching what’s already happening at more advanced companies.
I've dug into Amazon's patent filings over the last five years and mined the patent titles for keywords related to inventory and logistics. Patents range from the mundane like optimization of packaging sizes and allocating regional inventory to reduce out-of-stock costs to the more technologically advanced like autonomous vehicles, mobile ground-based fulfillment centers, and drones.
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.
Editor Note: Today's Blog is from Darren Palfrey, the CEO at Gravity Supply Chain who shares the 5 supply chain best practices to keep your supply chain synchronized. In today’s fast-paced society, businesses can’t afford to slip up when it comes to their supply chain. Consumers expect nothing less than perfect order fulfillment : the right products delivered to the right place, right now, in perfect condition, at the lowest price.
“We have too many planners. And, even if we can afford the costs, we don’t get good answers with our current forecasting processes,” stated the supply chain leader on the phone. “I want to build outside-in processes, but I don’t know what this looks like. Can you tell me what you mean by this statement?” My question to her was “Do you have the courage to up-end the apple cart?
“We have too many planners. And, even if we can afford the costs, we don’t get good answers with our current forecasting processes,” stated the supply chain leader on the phone. “I want to build outside-in processes, but I don’t know what this looks like. Can you tell me what you mean by this statement?” My question to her was “Do you have the courage to up-end the apple cart?
by Alexa Cheater There’s no getting around it. Artificial intelligence (AI) is here. From self-driving cars to intelligent digital assistants (one of whom I share a name with) to advanced robots working on the shop floor. But conspicuously absent in all this fervor around what’s new and next in AI are details and examples of how to implement these emerging technologies in supply chain planning.
You know what might be more complex than supply chain management? The college application and financial aid process. We’re wading through it now with my oldest daughter who is a senior in high school. If you have to schedule multiple information sessions and webcasts to explain how this whole process works, like our high school has done, then I think it’s a clear sign that there are too many crooks, I mean cooks, in the kitchen.
Modern retail supply chains resemble patchwork quilts, made up of thousands of squares (warehouses and suppliers) and stitches (supply chain systems). While this patchwork quilt has operated well for the past few years, modern retail supply chains have reached a point where the stitches threaten to rip. While this is the primary force behind omnichannel investment, modern retail supply chains are also investing for these top reasons.
I have spent some considerable time visiting medical facilities both at home and in UK and in the latter case I was not impressed. The National Health Service is still the envy of the rest of the world and rightly so. When you consider the policies and procedures in other countries the people who benefit from the NHS really should not complain about a 4 hour wait as you will be seen and you will not be asked if your bank card is contactless before you get to see a medical professional.
by Teresa Chiykowski Recently, I was asked to write an email with a FOMO theme. Admittedly I had no clue what this meant (maybe it’s an age thing?). Then my mind wandered to the gutter because it starts with the letter “F.” Then I asked Mr. Google who never lets me down – and he didn’t. FOMO is short form for “Fear of missing out.” It’s really the fear that if you miss a party or event you will miss out on something great.
For more than a decade, I have implemented inventory optimization solutions for some of the world’s largest companies in industries ranging from life sciences to chemicals, from consumer goods to high-tech, and more. Throughout these projects, there is a consistent theme: organizations have a difficult time finding clarity in variability in supply.
The easiest method of keeping the online market free from conmen and corruption is to impose stringent regulations on it. But since that is a pipe dream and every regulation comes with a loophole, the more feasible way to proceed in is using an incorruptible record keeping service that can be used as proof of payment. One such way that has come to the fore is the Blockchain method.
I was having a discussion about Artificial Intelligence (AI) in supply chain planning and execution with Steve Banker today, and. The post What is Machine Learning? appeared first on The Network Effect.
“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.
For years pundits have hailed the virtues of achieving end-to-end supply chain visibility. For example, Jett McCandless (@JettMcCandless) CEO of … Continued. The post Achieving Supply Chain Visibility: How Long will It Take? appeared first on Enterra Solutions.
You have great brands and brand awareness, a fantastic internal supply chain, tight financial control, top class HR, a top-notch sales force, innovative marketing - surely a recipe for success in CEE? Surely this must be the case? Sadly, not always and some big-name companies frequently get this important relationship badly wrong.
How you develop your sales team has a big impact on your logistics business. Even as the industry is becoming more data driven than ever before and cutting-edge software is increasingly used to manage freight from start to finish, the development of your sales team is still important. People skills do matter. According to Supply Chain Quarterly , Quarter 4, 2011 issue: “Supply chain scorecards typically focus on operational metrics.
Whether facing a major product launch or compiling standard monthly forecasts, the accuracy of demand forecasts is crucial. No one understands this as intimately as Apple, who is fresh off of its much-anticipated iPhone X, 8 and 8 Plus product announcements. Apple, despite its affinity for releasing limited amounts of its highly demanded new devices […].
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
The past few weeks have seen several different conferences in Supply Chain but the stand out last week was certainly the Gartner Supply Chain Executive Conference (GSCES) in London. While this is an annual event known for being a hotbed of best practices sharing, it was especially compelling this year because it illustrated in stark detail just how much supply chains are being disrupted by the digital revolution currently underway in the IT world and what the supply chain industry needs to do to
When reading all the latest business journals and even Supply Chain Management Now, you likely have heard about the wonders of artificial intelligence (AI). Like an infomercial, experts quoted in articles tout the cutting-edge solutions and business-transforming properties of AI. However, in a June 7 article in Harvard Business Review, Nick Harrison and Deborah O’Neill warn against adopting AI if you haven’t yet mastered analytics.
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 following is a guest post from our friend Jan-Willem Adrian, VP Global Supply Chain & Business Development at ActiveViam. In this blog post, Jan-Willem outlines how Supply Chain professionals can move from supply chain visibility to a continuous flow of information allowing for just-in-time, strategic, enlightened, continuous decision-making.
Spot market volumes hit an all-time high on the top 100 van lanes last week. Rates rose on 66 of those lanes, and the national average van rate of $1.94 per mile is 16¢ higher it was for the month of August. A lot of this can be attributed to the supply chain disruptions caused by Hurricanes Harvey and Irma, plus the uptick in fuel costs that followed.
This week, the Council of Supply Chain Management Professionals (CSCMP) presented Dr. Nancy Nix with its Distinguished Service Award. If you work in supply chain, Nancy is someone worth knowing. She is the Executive Director of AWESOME, which stands for Achieving Women’s Excellence in Supply Chain, Operations Management and Education, an organization focused on advancing women in supply chain leadership roles.
Times change, work evolves, and companies need new skills and better trained supply chain professionals. As a result, APICS has updated the CPIM program to better serve the needs of today’s supply chain workforce, while maintaining the body of knowledge and integrity that has kept CPIM at the forefront of supply chain education.
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.
2017 has been quite the year for the world of logistics. With e-commerce booming and the adoption of new digital technology on the rise, it’s no secret that change is on the horizon. The air, rail, and ocean sectors all showed improvements, and the importance of one-stop-shop 3PLs became much more prominent, while truckload (TL). Read More.
The MediLedger Project aims to demonstrate compliance with the Drug Supply Chain Security Act, utilizing capabilities found with blockchain technology to track and trace prescription medicines. A new program, called The MediLedger Project, was announced last week with the goal of preventing counterfeit medicines from entering the supply chain. . Chronicled, Inc. and The LinkLab LLC joined to form The MediLedger Project in an effort to demonstrate compliance with the Drug Supply Chain Security Ac
It’s no secret that today’s consumer is in the driver’s seat and has high expectations from retailers. The second annual JDA Voice of the Store Manager Survey revealed that instead of shutting doors, successful retailers are evolving the store into a place to solve customer problems, relying on the speed and convenience of in-store fulfillment to compete in today’s unified commerce environment.
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