This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? In current systems where Distribution Requirements Planning (DRP) and Transportation Management (TMS) are different models, alignment is impossible.
We explore the concept of holistic inventory strategies focused on the form and function of inventory. Revenue management is siloed and distinct from demand management, while Transportation Management (TMS) has nothing in common with Distribution Requirements Planning (DRP). Lack of executive buy-in. Instead, we need to Jump.
In May 2025, one in seven home-purchase agreements fell through resulting in the cancellation of 56,000 purchase contracts. Ask a procurement or transportation professional if they have a good demand signal and expect a laugh. The ripple effects are pervasive. Instead use the opportunity to redefine work. We can do better.
The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. It had been a long night. However, I had little time to be tired. ” I smiled.
New technologies revolutionizing transportation are creating tremendous opportunities but also unprecedented challenges for tire manufacturers. Provide procurement more negotiation power with suppliers of materials and services, as well as the ability to automate purchasing and production decisions based on real-time price and market data.
In 2012, when I started Supply Chain Insights , I believed that I could revolutionize the purchase of supply chain planning solutions by initiating a rating and review process across trading partners. Buying supply chain planning software is hard. How are people buying software? Here I share how to challenge the status quo.
How Do You Define Excellence? In retrospect, I find that technology is an enabler, but only if we are clear on what defines supply chain excellence. Many believe that an ex-supply chain exec knows the definition of supply chain excellence. Supply Chains to Admire Winners 2023 Examine Your Own Paradigm. I admit it. The reason?
Several factors contribute to customer loyalty, but providing excellent customer service—and a top-notch experience–is one of the most important in driving retention. 6 Examples of Excellent Customer Experiences. It’s a strategy that has paid off, turning Ikea into a beloved destination: Image source: Buzzfeed.
As a result, most projects are not clear in scope, with the implementation of visibility as a “functional extension to existing process” lacking a holistic outside-in approach/strategy to sense, respond, and act. We are making slow progress on transportation visibility, but not supplier visibility. Reflection.
If so, optimizing your inventory management strategy can be a game-changer. Adapt To Fluctuating Inventory and Supply Chain Demand If your business faces seasonal demand changes or unpredictable customer buying patterns, accurately predicting inventory levels can be a struggle.
To remain competitive, retailers and carriers must excel in the crucial last-mile delivery stage. To Build or To Buy Companies looking to implement new or improve existing delivery technology face a crucial decision: should they build an in-house platform or buy an existing solution from a vendor?
Initially, the output was published to procurement to design strategic buyingstrategies. The focus of the transportation suites was on cost mitigation and price negotiation. Procurement: Purchase price variance and procurement cost. Delivery: Lowest transportation cost, on-time shipment from shipper’s dock.
2023 call: Global supply chains will be slightly less busy, congested and chaotic, but cheaper – at least the transportation part. Theme 2: Online buying will fuel home delivery growth, challenges and new strategies. The only bright note is that shipping costs will be a fraction of what they were over the last several years.
High e-commerce shopping rates combined with construction delays are causing a strain in the supply of new warehouse space, especially as companies shift their inventory management strategies from just- in-time (JIT) inventory management to larger safety stocks for better responsiveness. Can you meet and respond to changing business demands?
At the end of a long day of a strategy session on supply chain excellence with a client, I needed to fill up some time in an agenda. So, I was stuck at the end of the strategy day with time to fill with a client that saw no reason to change. The strategy day owner was a global process center of excellence leader.
Richard is Vice President of Strategic Accounts at Intelligent Audit , a cutting-edge logistics and supply chain technology company, dedicated to revolutionizing how businesses manage their shipping and transportation processes. Transitioning to sales and marketing, he mastered go-to-market strategies for driving growth.
Managing yard and warehouse operations has long been one of the thornier aspects of transportation logistics. Yards are a choke point between transportation and warehousing — and wherever you have choke points, you have a higher risk of inefficiencies that drive up labor costs, detention fees and delivery commitments.
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. Additionally, we’ll discuss best practices for optimization and strategies for balancing efficiency with resilience.
As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. In 2007-2014 Terra added inventory management, multi-tier demand sensing, transportation forecasting, and long-term forecasting. However, there are no sure bets.
Shippers that fail to consider the implications of returns by refusing to give customers information about returns costs and procedures before purchase could risk alienating up to 67 percent of shoppers. As a result, shippers need to think beyond air shipping in developing a successful e-commerce shipping strategy. GET YOUR COPY HERE.
transportation, warehousing) or materials – direct, indirect, MRO (Maintenance, Repair, and Operations), goods for resale. Bundled offers (if you buy X, Y, and Z from me, I can offer a 10% discount or in case of transportation, grouping of backhaul lanes at a discount along with inbound lanes).
Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.
Companies tripped over themselves to build ecommerce portals, and one-click purchasing grew in relevance. Effective strategies coupled with a well-defined plan and the right tools helped supply chain professionals alleviate fulfillment pressures and readied managers for market changes in the future. Agility is the name of the game.
The visibility to spend allows them to provide excellent benchmarking in several areas. And a new solution, that applies machine learning to making better ongoing transportation routing and mode decisions, is particularly interesting. Initially, this product will focus on the purchase order (PO) acceptance process.
The implementations were longer, the purchase costs were higher, and the functionality was less robust and lacking flexibility. The SAP team has built an incredible system of record to enable flows from ERP to SCP, but has failed to deliver a solution to deliver SCP planning excellence. I did not see it.
For the past month, I have been working alongside companies implementing digital strategies. Or agreement on the definition of supply chain excellence. As a result, functional excellence anchors action. We are driving functional excellence and incrementally. (To ” Incrementalism. Movement by degrees. I am tired.
This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse. Both predictive and retrospective data analyses are key in making fundamental decisions and defining logistics strategies.
In this article, we’ll explore practical strategies and tips on how to efficiently deliver goods to your vending machine locations. Adopt Just-in-Time (JIT) Delivery Just-in-Time (JIT) delivery is a strategy where goods are delivered only when needed, right before they are expected to be sold or consumed.
These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices. The less conversion of materials in the inventory strategy, the greater the flexibility of the supply chain. Additionally, through network strategies, be sure to design your warehouses for flows.
Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. The Company implemented SAP Advanced Planner and Optimizer (APO) including the standard functionality of Demand Planning (DP), Supply Network Planning (SNP), and Production Planning and Detailed Scheduling (PPDS), yet many planners also used Excel.
To stay ahead of the curve, industry leaders are turning to data-driven strategies and artificial intelligence (AI) to transform how they manage inventory, forecast demand, and optimize the entire spare parts lifecycle. ThroughPut.ai How can I get rid of unused or obsolete spare parts?
Based on the Supply Chains to Admire analysis, the first question is: Why do the cost reduction strategies not translate into operating margin improvement against peer groups? Align Transportation Planning and Distribution Requirements Planning (DRP). Buyingstrategies need to be defined, and the interface needs to be bi-directional.
Holds a Fellow of the Chartered Institute of Logistics and Transport and holds a Global MSc. In 2017 I also assumed responsibility for Field Services and in 2019 Data Excellence & Analytics embracing digital transformation driving our Tailored, Sustainable and Connected 4.0 Stuart is a British national, married with three children.
Companies need to re-evaluate their supply chain strategies, if they are still most optimal. A further consolidation of logistics service providers is expected, as asset-based logistics service providers involved in advanced warehousing and transportation require high investments. From global to local and regional sourcing.
Paul Dittmann , Executive Director of the Global Supply Chain Institute at the University of Tennessee Improving operational efficiency in the global supply chain is a complex undertaking, and requires a documented, multi-year strategy instead of knee jerk reactions, and programs of the month. These are three examples: Rule 3.1:
With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end. Gaining end-to-end visibility across your transportation processes delivers: $32.00
Peters and Waterman in their best, sellerIn Search for Excellence identify one of the eight factors of organisational success as sticking to the knitting. Many enterprises have taken heed and determined that inbound and outbound transport and warehousing are consequential processes of their business rather than fundamental or core processes.
Therefore, evaluating performance and creating a comprehensive digitalization strategy are essential for a distributor’s success. To maximize efficiency, distributors should adhere to the following set of guidelines for evaluating and planning their supply chain with the strategies mentioned below.
In a similar vein, a major 3PL that I spoke to last week at Eye for Transport is considering discontinuing the traditional storage of spare parts and initiating a new service to do 3D printing of parts on demand. I would build an expertise system in the Supply Chain Center of Excellence. I believe that it matters.
Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. Thorough analysis allows procurement professionals to surface, visualize, and present purchasing patterns, which are then evaluated by the stakeholders. From whom are we buying?
Why Multi-Carrier Parcel Shipping Strategies Are Winning in 2022 by Lindsay Schuemann , Marketing Manager at Enveyo Two years. Parents got notifications that school was cancelled, employees got notice to stay home, the world started buying most of their goods online, and the global supply chain did a collective * gulp.
This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. While internet-based transport exchanges offer potential, their effectiveness is still debated due to uncertainties in carrier and shipper participation.
The other part of my role is supporting the inventory management functions within BT Group, driving decision-making around what we buy, when we buy, and where from. We have used AIMMS to address questions on depot strategy, for instance. We used a transport planning tool that didn’t give us the output we needed either.
A CPO for a transportation manufacturing equipment provider noted: RPA will have a big impact on COEs, especially on the lower end of the system. If managers are tied up checking on purchase orders, supplier invoices, payments, and RFPs, they have little time to work on the more important cost-impactful work.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content