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When I was a teenager, I spent afternoons after school with my dad. As he lost his vision to macular degeneration, he taught me to play chess. He loved chess, and I was a reluctant participant. I played because I loved my dad, but I never was good at the game. The continual lesson to me was never underestimate the power of the pawn. Pawn Definition: “A chess piece of the smallest size and value.
Businesses that develop a cost-effective supply chain strategy can benefit from greater operational efficiency while staying competitive in their sector. Supply chain management helps you improve business performance, bring costs down, and efficiently spend your capital investments. It also puts the company in a better position to meet the demands of customers.
Re-shoring or near-shoring factories, “just-in-case” inventories, and qualifying alternative suppliers are among the most common ways that companies are building resilience. However, these strategies come with tremendous complexity and a heavy price tag.
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
Sustainable procurement has become more and more critical for businesses that want to reduce their environmental impact and improve their sustainable practices.
Online Contract Management Safety Overview: Strong security measures, like encryption and access controls, are important for keeping online contract management systems safe. To deal with risks like data breaches and unreliable vendors, we need to be proactive. This means following rules and giving safety training to users. Strategic Considerations for Enhanced Safety: Collaboration and integration […] The post Is it Safe to use an Online Contract Management System?
Online Contract Management Safety Overview: Strong security measures, like encryption and access controls, are important for keeping online contract management systems safe. To deal with risks like data breaches and unreliable vendors, we need to be proactive. This means following rules and giving safety training to users. Strategic Considerations for Enhanced Safety: Collaboration and integration […] The post Is it Safe to use an Online Contract Management System?
Many third-party logistics providers gained an advantage from being early adopters of supply chain technology, but they soon met challengers in the form of pure-play technology providers, says Peter Weis, chief information officer and senior vice president at ITS Logistics.
Unlock the Power of Concurrent Planning – 5 Best Practices Victoria Klimova Published Jun 29, 2023 The Future of Supply Chain Planning is Concurrent Concurrent planning can bring significant benefits to supply chain management. By enabling real-time visibility and collaboration, concurrent planning can improve response time, agility and cost optimization.
In a world characterized by market volatility and unpredictability, businesses constantly navigate supply chain disruptions, erratic demand patterns, and unexpected risks. While traditional forecasting methods have served us well, they often fall short when addressing the evolving challenges of today’s dynamic business landscape. Enter Artificial Intelligence (AI) — a buzzword that’s more than just hype, as said in an Accenture survey, 86% of executives are actively investing in it.
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.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. More Resources Home November 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
As ecommerce grew at double digit rates, while in store sales grew at less than the rate of inflation, retailers were looking for a way to turn their stores into a competitive weapon. Rather than just offering consumers the choice of buying online or buying in the store, a retail omnichannel strategy involves a lot more paths to fulfill an order or to process a return.
Brad Forester and Joe Lynch discuss FreightTech reality check. Brad is the Founder of JBF Consulting , a supply chain execution strategy and systems integrator to logistics-intensive companies of every size and any industry. About Brad Forester Brad Forester is the Founder and Managing Partner of JBF Consulting. Brad is a highly recognized senior supply chain leader with over 23 years of managing, designing, and implementing freight transport technology.
The Ellen MacArthur Foundation, in collaboration with the Circular Supply Chain Network, recently published a white paper entitled Building a Circular Supply Chain. This publication addresses the transition from traditional, linear supply chains to circular ones, emphasizing the increased resilience they offer. Circular supply chains, characterized by distributed networks, multidirectional flows, and maximization of product and material use, provide a solution to the vulnerabilities of linear mo
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Achieving resilience in supply chains is essential, but it's crucial to implement measures carefully so they do not hinder or conflict with other competing priorities.
Innovation on Functionality to Help Optimize our Customers’ Warehouse and Supply Chain Performance is Our Ongoing Directions Nucleus Research (Nucleus) recently published its inaugural Warehouse Technology Value Matrix 2023 report, which provides an overview of the current market for warehouse management systems (WMS) and assesses 17 software providers in this space.
Turning the tables – in this episode, Nate Shutes interviews Joe Lynch on his podcast, The Bootstrapper’s Guide to Logistics. Nate is also the Founder of Ballast , the world’s first private community exclusively for logistics entrepreneurs. About Nate Shutes Nate Shutes is the host of The Bootstrapper’s Guide to Logistics podcast and is currently building a private community for logistics entrepreneurs.
As the negotiations between the West Coast ports and longshoremen dragged on in 2022 and 2023, some companies began redirecting import freight into the East Coast. Since then, however, the ink has been dry for quite a while on a new multi-year West Coast port contract, and there are now negotiations on the East Coast that are causing trepidation among importers.
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.
Considering the huge cost of food fraud in global supply chains, it might come as a shock to consumers to learn how weak are the current efforts to put a stop to it.
November is National Adoption Month. For many children waiting for a good home, and families waiting to be complete, adoption fills their lives with love. We spoke to Blue Yonder associate Dan Berreth who adopted his daughter last year. Dan and his wife also have a 6-year-old biological son. What has your adoption journey looked like? We decided to adopt when we were not able to have another child.
John Larkin and Joe Lynch discuss the FreightTech investment environment. John is Strategic Advisor of Transportation & Logistics at Clarendon Capital , a private equity sponsor focused on developing investment opportunities and providing strategic advisory services to the transportation, logistics and distribution sectors. About John Larkin, CFA John Larkin , CFA is a Strategic Advisor to Clarendon Capital.
By Noname Security Shay Levi (pictured) CTO & co-founder, Noname Security The post Cybersecurity & AI 2024 Predictions appeared first on IT Supply Chain.
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
This article is about the real power that comes from the collaboration between you and our software that happens at your fingertips. We often write about the software itself and what goes on “under the hood”. This time, the subject is how you should best team with the software. The post You Need to Team up with the Algorithms appeared first on Smart Software.
First, it’s Amazon Prime Day on Oct. 10 , then comes Black Friday on Nov. 24 , closely followed by Cyber Monday on Nov. 27. With at least three major discount events, the 2023 holiday season will surely put store and warehouse teams to daily tests of collaboration. Retailers intent on finishing up the season with healthy figures and taming costs would do well to find smart ways of lightening the load for the people who make a bumper Q4 in retail possible.
This article is a comprehensive guide to help you navigate the food and beverage supply chain landscape. From demand fluctuations to the importance of trust, we've listed the ten key pointers to help you stay ahead of the curve. Don't miss out on this amazing guide! The post 10 Pointers for Food & Beverage Supply Chain Success appeared first on loginextsolutions.com.
By Pat McCarthy (pictured) Chief Revenue Officer at Precisely The post Powering distributor success with master data management appeared first on IT Supply Chain.
Tail spend — often unmanaged, fragmented and costly — can account for as much as 80% of total transaction volume. Without the right strategy, enterprises face hidden risks and unnecessary spend. It’s time to shift from fragmented, ad hoc purchasing to a strategic, technology-driven approach. Download this GEP-sponsored Everest Group research for insights on how your competitors are upping their tail spend management game.
When you think about machine learning, you might imagine robots learning as they interact with their surroundings. In numerous aspects, you’re not too far off. Within the specialized subject of artificial intelligence (AI), machine learning refers to the ability of systems and machines to learn from their experiences and get better without explicit programming.
Sphera said its tool gives businesses information regarding lead times for sourcing raw materials, risk events and real-time data on potential supply chain disruptions.
A new regulation has come into effect in California that requires warehouse operators to count the number of trucks coming and going from their facilities.
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