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Maintaining scalability and efficiency in an omnichannel-driven world is difficult at best. Warehouse managers face constant pressure to move more products, reduce damage, improve order cycle times, boost employee morale, and more. Legacy systems traditionally used for warehouse management are inefficient in the modern era; even systems in the 5- to 10-year age range.
The growing momentum around systems-based thinking in supply chain planning has given rise to a new concept called the “digital twin”. There has been a lot of discussion around this topic lately and I wanted to offer a few insights, including around the importance of the data model in high-quality decision making using digital twins. You can think of a digital twin as the ultimate ‘what-if’ scenario planner.
It’s time to make inbound freight a priority and begin reaping the benefits of a program that creates win-win rewards for all supply chain partners. Frequently overlooked and often pushed to the bottom of a shipper’s supply chain agenda, good inbound freight management can help companies improve shipment visibility, save money, and enhance customer service—all of which add to the bottom line and boost profitability.
Whoever said disruption is a bad thing likely never thought about the proverbial “light at the end of the tunnel”. The post The Best Part About “Disruption” is a Successful Digital Transformation appeared first on The Network Effect.
In today's rapidly evolving logistics industry, companies consistently strive for efficiency and competitiveness. However, the most significant factor driving business success isn't just technology or infrastructure—it's the people behind your processes. Employees aren't merely resources; they're your most strategic asset. High turnover rates and constant retraining costs severely impact logistics companies, draining productivity and profitability.
Logistics have always been data driven. Historically, logistics data can be found on cuneiform tablets, pieces of parchment, and paper. In the Digital Age, paper trails need to give way to cyber records. Most supply chain professionals understand this, which is why the interest in blockchain technology is growing. Blockchain will certainly help logistics operations in a number of ways; but, digital data already available can also help.
At Synovos, we deal with MRO data every day (see Master Data Leadership SM ). If you’re involved with your MRO supply chain you’re likely aware of the relationship between data and MRO, or more precisely, data quality and accuracy and MRO. MyPurchasingCenter.com published a recent report describing the value high-quality data brings to an integrated MRO supply chain management program.
At Synovos, we deal with MRO data every day (see Master Data Leadership SM ). If you’re involved with your MRO supply chain you’re likely aware of the relationship between data and MRO, or more precisely, data quality and accuracy and MRO. MyPurchasingCenter.com published a recent report describing the value high-quality data brings to an integrated MRO supply chain management program.
Every Friday on Talking Logistics, I share a list of supply chain and logistics news that caught my attention that week, along with some brief commentary and analysis. For what it’s worth, here’s my take on some of the news that made the headlines last week. Amazon Feeling the Headache of E-Commerce Returns. As I wrote this past January, e-commerce returns are a major headache for retailers (holiday e-commerce returns were expected to reach $32 billion this past year).
Last month ING Wholesale Banking launched their Sustainable Improvement Loan, with EcoVadis as a key partner providing our Business Sustainability Ratings that are used in the loan rate calculation: When sustainability performance improves, the rate goes down! There has been very positive reaction, and we’ve even seen a couple other loans announced, both of large listed companies.
Need help keeping up with the latest supply chain, logistics, manufacturing and e-commerce industry news? Below, you’ll find the top articles and trends from May covering various sections of these quickly evolving industries. It’s been nearly a year since British citizens voted to leave the European Union and concern for what the Brexit could mean […].
Customers are demanding a boundary-less retail environment, but building a supply chain that is synchronized across all sales channels remains elusive for many businesses today.
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.
JoAnn Martin was a JDA customer for 17 years before she joined the company as vice president of Industry Strategy for Retail. Her experiences at L Brands, DSW and Luxottica, leading planning, allocation and analytical teams – and implementing a broad set of JDA solutions – has given her a unique approach to her job and an intimate understanding of the challenges and opportunities retailers face today.
Over the last few years, businesses in nearly every industry that you can think of have looked for new opportunities to create more sustainable, eco-friendly environments wherever possible. Not only does this help provide additional brand value by showing that your company values mirror those of your customers, but it also helps decrease waste, cut down on costs, AND do your part to help protect the environment - all at once.
| By Stan La Haye | Senior Manager, Transportation Europe | Chainalytics | To mention that digital connectivity has fundamentally changed consumerism forever provides no groundbreaking revelation. Consumers and supply chain professionals across the globe recognize e-commerce sales continue to grow exponentially, and as a result, parcel companies across the globe are advancing their delivery … The post European Parcel Services Continue to Expand Their Networks to Keep Up
The fashion industry is no stranger to controversy. From outsourced labor to overflowing sales racks , brands across the board have been accused of having a “bottom line” mentality, squeezing suppliers for every penny and privileging quantity over quality. The flow of products from one region of the globe to another is an amazing feat of the modern economy?
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
Why is sales & operations planning (S&OP) such a difficult decision-making process? How hard can it be to hold a product review, then a demand review, a supply review and a business review in the four consecutive weeks of a monthly cycle? A while back, a supply chain director who is responsible for the S&OP process with a multinational in the food industry confided in me that their process was going through a rough patch.
NASSTRAC will integrate their annual conference with the CSCMP EDGE Conference in the Fall of 2019. Discovering that there are “significant synergies between two associations and opportunities to complement one another and provide additional value to their members in very meaningful ways,” the Council of Supply Chain Management Professionals (CSCMP) and the National Shippers Strategic Transportation Council (NASSTRAC) announced last week that will be formally joining together in partnership.
Storing assets close to production can drive efficiency improvements. Many businesses are finding they can ramp up efficiency through inventory management procedures in which small quantities of materials are stored on or near the production floor. By locating resources where the work is being done, companies reduce travel time and eliminate overhead.
The fashion industry is no stranger to controversy. From outsourced labor to overflowing sales racks , brands across the board have been accused of having a “bottom line” mentality, squeezing suppliers for every penny and privileging quantity over quality. The flow of products from one region of the globe to another is an amazing feat of the modern economy?
“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.
While more women are embarking on supply chain careers, there is still a pay disparity between men and women. Recent APICS research, which was highlighted this week in the Wall Street Journal, shows men in supply chain on average earn 16 percent more than women.
Cyber risk is just one of the indicators of the index which reflects data related to economics, natural hazards and supply chains, and addresses concerns about business risks including political upheaval, fire and hurricanes. The risk of cyberattack, once overhyped, now threatens businesses’ very existence, according to a recent survey, 2018 FM Global Resilience Index.
Storing assets close to production can drive efficiency improvements. Many businesses are finding they can ramp up efficiency through inventory management procedures in which small quantities of materials are stored on or near the production floor. By locating resources where the work is being done, companies reduce travel time and eliminate overhead.
Last weekend was one of the country's biggest BBQ blowouts, and you can bet that a lot of that food will go to waste. But it's not just national pig-outs that lead to large amounts of food eventually hitting the landfills. Food waste is a year-round problem. Just how much food goes to waste each year, and why? One-third of edible food worldwide is wasted, amounting to about 1.3 billion tons every year.
Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage
This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.
A successful supply chain strategy has become an essential key to success for apparel companies as they continue to build their brand. To provide the latest styles to their customers, supply chain partners should be an extension of the company’s business and service, with the ability to contribute to a good customer experience. Today’s consumers. Read More.
While more women are embarking on supply chain careers, there is still a pay disparity between men and women. Recent APICS research, which was highlighted this week in the Wall Street Journal, shows men in supply chain on average earn 16 percent more than women.
Respondents to a global survey by ISACA, an international professional association focused on IT governance, flag the energy sector to be the critical infrastructure system most susceptible to cyberattacks (71 percent), followed by communications (70 percent) and financial services (64 percent). Energy and communications also are among the top three critical infrastructure sectors that respondents anticipate can benefit the most from smart cities, along with transportation.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
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In 2018 shippers are paying more for freight that takes longer to move. While bad weather and ELD implementation exacerbated the issue, the reason rates have remained high points to a much greater problem: There simply aren't enough truck drivers in the United States of America. A growing economy propelled by online sales, low unemployment, and a booming stock market is intersecting with a shrinking truck driver pool.
JoAnn Martin was a JDA customer for 17 years before she joined the company as vice president of Industry Strategy for Retail. Her experiences at L Brands, DSW and Luxottica, leading planning, allocation and analytical teams – and implementing a broad set of JDA solutions – has given her a unique approach to her job and an intimate understanding of the challenges and opportunities retailers face today.
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