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Claritum Article - Procurement Blog. Contents. Introduction. 1. Eliminating or reducing competition. 2. Biased supplier selection. 3. Biased contract negotiation. 4. Low bid with knowledge that over or false payments can be extracted. 5. Does that capture the problem? Introduction. The expression of loading the dice refers to the extra weight on the inside of a loaded die that causes the opposite side of the weighted side to come up more often.
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. You can see a longer version of the interview here on the Microsoft website or my slightly abridged version below. Colin: What are some of the global trends currently impacting demand modeling, supply chain planning, and supply variability?
Finding the right warehouse is arguably one of the most important decisions your company will make. It has the potential to be not only be a powerful, industry-leading storage and shipping center, but also the literal hub of your logistics — including returns, reshipments, and other nuanced supply chain tasks. It needs the ability to grow with your ambitions without demanding too much of your bottom line, and there are a lot of configuration and feature choices to weigh before signing on t
Supply Chain Facilities Management includes unique challenges and requires out-of-the-box thinking to be successful. Successful supply chain management includes successful Facilities Management , meaning the facilities must work at maximum efficiency to meet guest demands, explains Inbound Logistics. However, supply chain facilities can range from warehouses to forward-stocking locations in the 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.
This article originally appeared on JOC.com. . Long before there were trucks, trains, and planes, there were ships. Ships transformed travel and warfare, enabling humans to see beyond their villages and into the world. Most importantly, they unlocked global trade. In today’s Information Age, the world’s pace has accelerated. It is hard to imagine that not so long ago people once waited for the morning paper to see how stocks closed the day before.
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. You can see a longer version of the interview here on the Microsoft website or my slightly abridged version below. Colin: What are some of the global trends currently impacting demand modeling, supply chain planning, and supply variability?
Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. You can see a longer version of the interview here on the Microsoft website or my slightly abridged version below. Colin: What are some of the global trends currently impacting demand modeling, supply chain planning, and supply variability?
No doubt about it: this trucking environment is sending plenty of truckload budgets into the red. What can shippers do to navigate this market? Take your cue from the latest findings of MIT researchers. Using data from TMC, a division of C.H. Robinson , the researchers examined the best practices that separate Leaders from Laggards in getting better truckload rates and performance.
ERP systems are a raging trend in the corporate arena these days – these miraculous platforms are a sure shot way to infuse productivity into your routine operations! The manufacturing industry is experiencing a global boom, and this is the very reason that modern manufacturers need a great ERP solution to improve efficiency. The Manufacturing Industry Faces a Number of Challenges in its Daily Functioning ERP systems can augment smooth workflow and speed up inventory management, manage market fl
Historically, companies looking at a technology solution would put together a detailed business plan, and then only implement the technology if the forecasted financial returns exceeded their return on investment (ROI) target. But more companies are experimenting with next generation robots and other digital technologies, regardless of whether the ROI is there or not.
by Mike McAllister It’s important to feel validated, in life, and in business. That’s why we’re particularly excited to share the news of Gartner’s most recent research, the 2018 Magic Quadrant for Supply Chain Planning System of Record. In it, Gartner positions Kinaxis in the Leaders quadrant for the third consecutive time, providing what we think is some pretty weighty validation for our vision of what a supply chain planning platform should be.
Not having adequate visibility to your shipments, orders, or products is an ongoing challenge for many companies. You may have very good visibility in some areas of your supply chain, but have poor visibility or blind spots in other areas such as transportation. How do you go about identifying and closing those visibility gaps? How are new technology capabilities helping in this effort?
Hello and welcome back to another episode of “The Freight Project Podcast!” On today’s episode, we welcome Margaret Bendis, US Marketing Specialist for a company called EazyStock a cloud-based software-as-a-solution (SaaS) that optimizes inventory management. We hope you enjoy “The Freight Project Podcast.” You can subscribe and find this podcast on Apple iTunes, Google Play, Spotify, Soundcloud , YouTube , and iHeartRadio!
Durable goods , also referred to as hard goods, are items that are not supposed to quickly wear out, or more specifically, goods that yield utility over time. Planned obsolescence , or built-in obsolescence, is a policy of planning or designing a product with an artificially limited useful life, so it will become obsolete after a certain period of time.
Numerous articles have been written about the importance and benefits of digital supply chains. Analysts from PLS Logistics note, “A digital supply chain is similar to a typical supply chain, but the foundation is built on web-enabled abilities. Many supply chains use a combination of paper-based and IT-enabled processes. A true digital supply chain goes further than this hybrid model to entirely capitalize on system integration, connectivity and the information-producing capabilities of &
“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.
From May 2016 through the end of August 2017, “17 CEOs of public Big Food manufacturers and retailers had departed, or announced their intention to,” according to an article published last September in Fortune. “There’s never been a time that’s more challenging for a CEO in the industry,” explains David Garfield of consultancy AlixPartners in the article.
The 2018 State of Logistics Report , sponsored by 3PL Central , indicates warehousing models are evolving at a phenomenal rate. Online and mobile innovations are at the heart of increased traceability and visibility, and products must be delivered at break-neck speeds. More importantly, demand for warehouse space is at an all-time high, and warehousing is still short two million workers.
Durable goods , also referred to as hard goods, are items that are not supposed to quickly wear out, or more specifically, goods that yield utility over time. Planned obsolescence , or built-in obsolescence, is a policy of planning or designing a product with an artificially limited useful life, so it will become obsolete after a certain period of time.
The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. In the supply chain, problems are often overcomplicated. It’s true that the major issues in the supply chain—which were confirmed through MH&L ’s workforce survey process and published in an earlier article —are nuanced. However, manufacturers, 3PLs and others in the supply chain often get lost in the details.
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
B2B order management and fulfillment is a major component of successful supply chains - for both large and small businesses alike. With the plethora of communication tools available in the 21st century, it’s no wonder that businesses are dealing with a growing range of communication and transactional challenges – especially when it comes to online ordering systems for businesses.
The costs of reverse logistics amount to more than $750 billion per year, and the demand for reverse logistics has risen in recent years with the rise of e-commerce. According to Stacy Rudolph of Business to Community, up to 30% of all products ordered online become returns, placing an insurmountable burden on reverse logistics. Using a combined blockchain and reverse logistics strategy can help alleviate these costs, and supply chain executives need to understand a few things about it Reverse L
In a world where relatively everything - or at the very least, almost everything - can be considered part of the Internet of Things, supply chain management still reigns supreme. When only a handful of minutes can result in thousands of dollars in associated penalty fees, we’re happy to let the brains’ of the AI workforce do the calculations so that we all stay on track.
Selecting a TMS solution is a lot like having a baby. Particularly for those organizations that have not yet dipped their toes into the waters of logistics automation. Not only must one think about the near term needs of infancy, but also how things will change as the fledgling solution grows and matures. . Once only utilized by the largest organizations, cloud computing has brought TMS solutions to the masses with mid-sized and even small shippers able to source and implement solutions that a
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.
With $1 trillion in revenue in 2017 alone, China’s ecommerce market is now the largest in the world, propelling Asia-Pacific’s ascent as a digital powerhouse. Meanwhile, India has the fastest-growing internet consumer base, expanding at an average of 40 million users each year. With millions of potential consumers and limited access to brick-and-mortar stores in many regions, developing economies are fertile ground for the next ecommerce boom.
People cannot improve on what they do not understand or know. This statement applies to shippers as well. While this comparison is most commonly associated with benchmarking, it is also part of the reason why more people in the shipping industry are turning to blockchain for supply chain management (SCM). Blockchain SCM is poised to create links between all existing supply chains, even competitors, which allows supply chain networks to function more efficiently and with greater transparency.
French blog Novethic quotes Sourcemap CEO in the article “ POURQUOI LA BLOCKCHAIN NE RÉVOLUTIONNERA PAS LA FAST FASHION ” (Why Blockchain Won't Revolutionize Fast Fashion). Permalink.
When U.S. President John F. Kennedy announced the goal of sending a person to the moon in a speech at Rice University on September 12, 1962, he acknowledged that it wouldn’t be easy. But that was a key part of the challenge. “We choose to go to the moon in this decade,” Kennedy said, “and do other things, not because they are easy, but because they are hard.
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.
Given the seismic shift in retail competition and the accompanying transformation in consumer expectations that has arisen as a result, the pressure on retailers is palpable: Dramatically enhance your order fulfillment and returns processing capabilities or lose market share to those who already have. But while many retailers are addressing these challenges by investing in new and more advanced fulfillment and reverse logistics systems, too many are investing in systems that will simply perpetua
Retailers and manufacturers are facing re-alignment strategy initiatives as their supply chains adjust to the ongoing evolution and disruption of major market disruptors such as Amazon and shifting consumer shopping habits. To meet the market’s demands, companies are continuously revisiting their network strategies to ensure their existing operation is up-to-par and if not, determine what investments in processes, equipment and infrastructure are needed.
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