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ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. In fact, it’s not. And it’s not even nearly the best way. It’s actually a throwback from technology developed during the 1960s that hasn’t responded to the orders of magnitude increase in computer power that has enabled far better ways of solving the problem.
No customer experience is more disappointing than not receiving an order as promised. Whether it is a damaged product, a shipping delay, or a complex chain of handoffs and rerouting, any mishap can damage market share, revenue growth, and customer relationships beyond repair. Most B2B and B2C brands believe faster order processing, more frequent inventory planning, and “good enough” promise dates can help avoid this situation.
Retail supply chains are complicated, with factories, container ships, and communication networks spanning thousands of miles across the globe to connect raw materials with end consumers. Supply chains have become complex webs of global activity due to the emphasis logistics managers have placed on the first mile, crossing oceans in search of affordable labor and favorable taxes, tariffs and regulations.
I met Maria Villablanca, Co-Founder & CEO Future Insights Network, in person for the first time last September at the Transporeon Summit conference in London. We were the bookends of the conference: I gave the opening keynote and Maria wrapped up the conference by sharing her takeaways from the event and moderating an insightful panel. Read more The post Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives appeared first on Talking Logistics with Adrian Gonzalez
Eurasia Group’s Chairman, Cliff Kupchan , and company President, Ian Bremmer , recently released their list of top risks to watch out for this year. From their opening remarks, one might conclude things are going swimmingly. They write, “We’re (mostly) through the pandemic. Russia has no way to win in Ukraine. The European Union is stronger than ever.
Nathan Lugo-Montanez and Joe Lynch discuss 3 reasons to outsource fulfillment. the empty container marketplace. Nathan is the EVP of Strategy and Transformation at STACI-US , a leading provider of supply chain end-to-end solutions. About Nathan Lugo-Montanez Nathan Lugo-Montanez is a turnaround executive with over 15 years of experience in supply chain and business operations.
After a decade of acquisitions, XPO Logistics announced in March 2022 that it planned to “separate its brokered transportation services from its less-than-truckload (LTL) business in North America [and] divest its European business and North American intermodal operation.” According to XPO’s CEO Brad Jacobs, “Our experience is that customers want high levels of service and.
Cobalt Wars is one of the most interesting ARTE.tv documentaries I have seen recently. It looks at the supply chain of cobalt, a key ingredient in the batteries of our smartphones and electric cars, and the political, environmental and social challenges associated with that supply chain. (French with English subtitles, also available in German. Not available in all regions.
Pharmaceutical companies run two types of supply chains. There is the commercial supply chain where drugs that have been approved for use on patients are shipped to distributors, drug stores, and hospitals around the world. Then there is a clinical trials supply chain. Drug companies hold clinical trials to prove the safety and efficacy of their drugs.
“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.
Courtney Muller and Joe Lynch discuss highlights from Manifest 2023 conference, which was held in Las Vegas, January 31 to February 2. Courtney is currently the President of Manifest, a new generation event with logistics technology at the center. She leads the Manifest team and drives all strategic partnerships for the event. About Courtney Muller Courtney Muller lived in 8 states before she was 14 years old.
DAB Pumps puts customers and the environment first, while increasing planning efficiency, thanks to ToolsGroup’s powerful automation and artificial intelligence BOSTON — March 16, 2023 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, has been selected by DAB Pumps , a leading manufacturer of water management equipment, to enhance its forecasting processes and increase planning efficiency for a better understanding of customer demand, higher service l
Happy St Patrick’s Day! It’s a day to wear green, and apparently, spend some green as well. Every year, the National Retail Federation conducts a survey on St. Patrick’s Day spending. This year, 61 percent of consumers plan to celebrate St. Patrick’s Day, up from 54 percent in 2022 and the highest in the history of the survey. With more celebration comes more spending, and consumers are sparing no expense to go all out for the holiday this year.
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
Kara Brown and Joe Lynch discuss lead gen for logistics. Kara is the Founder and CRO of LeadCoverage , the premier B2B marketing and PR firm dedicated to helping logistics companies increase lead generation through targeted marketing strategies and media coverage. About Kara Brown Kara Brown is the Founder and CRO of LeadCoverage, the premier B2B marketing and PR firm dedicated to helping logistics companies increase lead generation through targeted marketing strategies and media coverage.
24 years ago today, I started a new job. I arrived at the office expecting to start a research project related to the semiconductor industry (where I had spent most of my career at that point, and what I had been hired to do). Instead, I was told that I would do a market study. Read more The post Above the Fold: Supply Chain Logistics News (March 17, 2023) appeared first on Talking Logistics with Adrian Gonzalez.
In June 2022, U.S. inflation reached a 40-year high. Although inflation has slowed since then, it continued to climb in January 2023 , triggering fears that the Fed could keep raising interest rates throughout 2023. On the other hand, a slowdown in inflation could mean prices will gradually stabilize and we’ll avoid a recession. What does all of this mean for manufacturers and distributors?
Körber Supply Chain Software (Körber SCS) hosted its 2023 Elevate User Conference in Orlando this week. The conference theme was finding your rhythm – a fitting metaphor for supply chains across the globe as they return to more predictable patterns after experiencing disruptive fits and starts over the last couple years. Körber acquired enVista’s Enspire Commerce platform and its Freight Audit and Payment (FAP) service in 2022.
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.
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. With constrained and somewhat erratic demand and supply – not just of products and materials but also capacity with carriers of all modes – rates have been extremely volatile.
A conversation with Maria Villablanca, Co-Founder & CEO of Future Insights Network, on the “Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives.” Podcast version (click to play): The post [Video] Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives appeared first on Talking Logistics with Adrian Gonzalez.
The Science and practice of predictive analytics is well established and rapidly gaining ground in the public and private sectors. It’s no longer considered magic because we now have advanced analytics systems that harness and organize massive amounts of disparate data and model that big data in ways that allow humans to be proactive and make informed decisions.
Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. As a result, data security and compliance have become a critical component of logistics operations, although implementing adequate controls can present numerous challenges in these complex networks.
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.
If you are in the supply chain industry, you are probably well aware of the constant need to optimize processes and improve communication between stakeholders. With the advent of new technologies, businesses have revolutionized how they operate and stay ahead of the curve. And one of the most promising innovations in recent years is ChatGPT for supply chain.
By Andrew Tavener (pictured) Head of Fleet Marketing EMEA, Descartes Systems Group The post The year that was, and preparing for the retail year ahead. appeared first on IT Supply Chain.
Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. Failure to effectively address this challenging question can result in enormous inefficiencies caused by misalignment of demand and supply throughout the supply chain. The misalignment can result in multitude of negative consequences such as high warehousing costs, cash flow difficulties, loss of sales, which can lead to permanent loss of loyal custo
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.
The future of transportation stands on the brink of a revolution – the shift from the internal combustion engine to cleaner, more efficient electric motors. The EV marketplace is set to grow a whopping 35% over the next 10 years, and today’s governments are scrambling to develop plans for building the infrastructure and raw material supply chains necessary to support it.
As companies focus on reducing their greenhouse gas (GHG) footprint, buyers and suppliers have an opportunity to embed climate considerations into their supply chain strategies.
By Steve Purvis (pictured) Managing Director, Bis Henderson Space The post Short-term space is critical to a successful warehouse strategy appeared first on IT Supply Chain.
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