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In the supply chain world, contract logistics – where a third-party logistics (3PL) firm runs and manages warehouses on behalf of their clients, is a $200 billion plus market. For example, in contract logistics, the 3PL makes use of a warehouse management system so that they can do the job efficiently. The right IT is critical.
has the potential to align ERP systems, demand forecasting systems, procure to pay (P2P) systems, transportation management systems (TMS) and Warehouse Management Systems (WMS). But can we also overuse the technology, and risk the possibility of ruining our brand if we use it for something we shouldnt.
ESG supply chain management is critical to maximizing the benefits of omnichannel ecommerce and warehousing and distribution services. Innovation in Warehousing and Distribution for ESG in Supply Chains New technologies and processes are improving ESG performance in warehousing and distribution. Padgaonkar, Pranav.
A new study that the SCRC published with GEP examines the increasing pressure that supply chain executives are getting when it comes to responding to supply chain disruptions. The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives.
It can happen simply due to ineffective planning, risk management, warehouse use, or sourcing strategies. From warehousing and transportation management to order fulfillment and inventory management, 3PLs have revolutionized how companies approach their logistics needs. So, what can you do to strengthen supply chains?
A recent study by Harvard Business Review Analytic Services and GEP, reinforces this fact as more than 72% of companies believe their key supply chain capabilities including supply planning, demand planning, warehousing and logistics, procurement, and inventory management ought to be digitally immature.
That assessment comes as a result of 10 months of subdued demand, inventory de-stocking, and high interest rates, the New Jersey-based company said in its “The GEP Global Supply Chain Volatility Index.” That index fell below zero in April to -0.04, from 0.32 That index fell below zero in April to -0.04, from 0.32
While many retailers are discounting, canceling orders, and otherwise scrambling to get rid of a glut of goods filling their stores and warehouses, some are embracing their higher inventory levels. Want to learn more building resiliency without losing the benefits of just-in-time inventory? That’s all for this week.
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