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There’s a fine line between lost sales and spoilage. Here’s how to find it. Buying the correct amount of inventory requires a fine balance between ordering enough inventory to support demand without overbuying. Solving this problem is much easier said than done, especially without a strong purchasing system that understands the challenge of stocking perishables.
Giriraj (GK) Sharma, Associate Vice President, Bristlecone . In medical research, a lot of time and money has been spent on non-communicable diseases over the past three to four decades. In the last few years, as the industry caught up with AI/ML waves, possible scenarios from diagnosis to remote surgery with fewer human interventions were being widely explored.
“ Lean” is considered to be a philosophy of continuous improvement. What is Lean Continuous Improvement? Lean Continuous Improvement is defined as a method for identifying opportunities for streamlining work, reducing waste, and increasing productivity. By observing Lean Continuous Improvement best practices, manufacturers can figure out ways to continue business as usual while analyzing improvement opportunities along the way.
Supply chains are having a moment. It took a major transformative event to highlight the importance and fragility of the global and interdependent supply-chain network.
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.
Inventory optimization has become an even higher priority in recent months for many of our customers. Some are finding their products in vastly greater demand; more have the opposite problem. In either case, events like the Covid19 pandemic are forcing a reexamination of standard operating conditions, such as choices of reorder points and order quantities.
Inventory optimization has become an even higher priority in recent months for many of our customers. Some are finding their products in vastly greater demand; more have the opposite problem. In either case, events like the Covid19 pandemic are forcing a reexamination of standard operating conditions, such as choices of reorder points and order quantities.
The supply chain is a vital aspect to any organization in any industry. Developing a book of suppliers and vendors that are trustworthy, reliable, and actively respond to RFPs is a challenge for every procurement team. Enhancing the RFP process can help organizations in building a library of suppliers and vendors that they can turn […]. The post Enhancing the RFP Process for a Stronger Supplier Relationship appeared first on ProcurePort Blog.
Other than inventory, your logistics workforce is the largest expense in your distribution centers, eating up 50–70% of the warehousing budget. It’s why managing and reducing labor-related expenses is a top priority for just about every logistics executive. At Kane Logistics, we’re proud that our associate retention levels with our top 10 customers is 80.2%, compared to the industry average of 53.9% (U.S.
Integrated Business Planning (IBP), as defined by its creators at Oliver Wight , is “the business planning process that extends the principles of S&OP throughout the end-to-end supply chain, product, service and customer portfolios, customer demand and strategic planning, to deliver one seamless management process.” IBP provides substantial bottom-line benefits.
COVID-19 has put supply chain organizations under great strain. But there has been one nice side effect in the consumer goods supply chain. SKU proliferation has been reversed. The post COVID-19’s Beneficial Effects on the Consumer Goods Supply Chain appeared first on Logistics Viewpoints.
Telematics is all but inseparable from the modern supply chain. GPS technologies have been a staple of the industry for some time, but telematics services today can offer even more. With such a variety of services available, choosing the right fleet tracking software can be a challenge. While some of your needs will vary depending.read More. The post 5 Reasons to Keep Your Telematics Service Provider appeared first on Transportation Management Company | Cerasis.
When you think about Microsoft and its role in supply chain and logistics, Excel is probably the first thing that comes to mind. The Excel spreadsheet is arguably the most used software application in the field (see “5 Reasons Why Excel Is Champ Of Supply Chain Apps”). But over the past few years, Microsoft has. Read more The Most Important Technology Company in Your Supply Chain Operations.
Selecting an E-commerce Fulfillment Partner with AJ Khanijow. AJ Khanijow and Joe Lynch discuss selecting an e-commerce fulfillment partner. For e-commerce companies the difference between success and failure is fulfillment. As the founder of an fulfillment company that specializing in e-commerce, AJ knows what companies should look for in an e-commerce fulfillment partner.
It is always interesting to me to see the creative ways that companies try to collect data about their customers. Over the last few years I have seen an increasing number of “challenges” being shared on Facebook that in reality are simply ways to gather more information about its users. These include picture challenges, such as the “10 Days of Being a Mom Challenge” or the “Here’s How I’ll Look When I’m Old” challenge, as […].
“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.
Achieving balance within the flow of forward and reverse logistics is a complex task for modern supply-chain professionals. Supply chain executives expect results. Supply chain professionals continue to see a steady flow of product returns. Unfortunately, companies cannot simply slam the door on product returns. This would alienate customers and inevitably lead to massive losses.read More.
Instead of manually executing tasks with a mouse or touch screen, why not speak them? We already see this in the consumer realm with smartphones, and in the warehouse too with voice picking technologies. It’s only a question of time before speech recognition gets embedded into other enterprise and supply chain applications. A TMS user, Read more Virtual Digital Assistants in Enterprise Software: The Journey to No Clicks.
Frictionless Logistics: It’s the Collaboration, Stupid with Ketan Karkhanis. Ketan Karkhanis and Joe Lynch discuss logistics collaboration and the friction that limits productivity for shippers, 3PLs, brokers, and trucking companies. About Ketan Karkhanis. Ketan Karkhanis is the Chief Product Officer at Turvo, the first real-time collaborative logistics platform that uses artificial intelligence to perfect the science of movement.
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
Managing reverse logistics presents new challenges in the post COVID-19 world. Instead of simply managing returns and isolating defects, supply chain executives must now consider how returned products could lead to higher safety risks. And the need for efficient returns continues to grow in tandem. The supply chain coronavirus (COVID-19) impact also undermines efficiency in.read More.
We had a family celebration planned for this coming January. More than 100 people, kids, adults, and seniors, indoors, hotel ballroom, music, dancing, eating… Not going to happen. How far out should we plan to have such a celebration? My wife and I wrestled with that question and we settled on June 2022. A pushout. Read more Above the Fold: Supply Chain Logistics News (July 17, 2020).
Integrated Business Planning (IBP), as defined by its creators at Oliver Wight , is “the business planning process that extends the principles of S&OP throughout the end-to-end supply chain, product, service and customer portfolios, customer demand and strategic planning, to deliver one seamless management process.” IBP provides substantial bottom-line benefits.
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 current COVID-19 pandemic is creating many supply chain challenges for companies and organizations around the world, but it’s also serving as a catalyst for change and innovation. What supply chain capabilities will separate the leaders from the laggards, not only in response to this current crisis, but in their ability to succeed in the. Read more [Video] Making A Difference: Transportation Insight.
India was the center of one of the earliest civilizations on earth, thriving throughout the second and third millennia B.C. Various cultures rose and fell during the intervening centuries until invaders from Europe arrived in the 16 th century. By the 19 th century, India became the “jewel in the crown” of the British Empire. Mahatma Gandhi led a non-violent resistance to British rule, and India became an independent nation in 1947.
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.
A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices. 16th July 2020, London – Research from Ivalua, a leading provider of spend management cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic. According to the study, almost all (95%) UK businesses have plans in place to address environmental concerns in the supply chain over the next 12 months; h
UNION CITY, CA —July 16, 2020 — Food Logistics , the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named PINC to the Top Green Providers list for 2020. Food Logistics’ annual Top Green Providers recognizes companies whose products, services, or exemplary leadership is enhancing sustainability within the food and beverage industry.
The classic definition of clockspeed is the rate at which a processor can complete a processing cycle, typically measured in megahertz or gigahertz. More recently the term has been co-opted as a method for categorizing industries and companies. For companies, clockspeed can be used to guide dynamic business strategy. The clockspeed framework recommends that you master the ability to quickly and continually design, assemble, fortify and sustain chains of “competencies” that deliver value to your
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