Remove Internet of things Remove Inventory Remove Procurement Remove Shipping

Supply Chain and the Internet of Things – Towards New Paradigms

Logistics Bureau

Internet plays a key role in connecting native digital items like PCs, IT servers, smartphones, and software applications. However, the things to hook up now include physical assets from an analogue world. Machinery, vehicles, mechanical devices, actuators, gauges, sensors, and other things are non-digital. They cannot connect directly to the all-digital Internet. That’s where the Internet of Things or IoT comes in.

Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. Conversely, slowing down the supply chain is at the root of everything that is bad: working capital write-offs, reduced profitability, and slowing revenues.”. Subscribe Here!

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Augmented Reality (AR) is the Future of the Supply Chain!

Supply Chain Game Changer

I found this out during my first job out of college. I started my industrial engineering career in a hot Southeastern ambient distribution center (DC) where innovation consisted of adding conveyor and sorters at several hundred dollars per FOOT! I will go into more detail about some of his past experiences with engineers coming in to support operations at a later time. Frankly, I was blown away by how many cases were received and shipped out. Subscribe Here!

DC 70

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

There are articles which describe what the future of Supply Chain will be like in 2020, 0r 2025, or even 2030. But is that enough of a far-reaching vision to offer much more than an incremental view of what we see today based on existing technology? Any view of the near future is more likely to describe incremental changes and incremental advancements based on the current knowledge base. So how can all of this be used to shape what happens in Supply Chain?

Day 3: Lenovo Goes About Creating the End to End Transparent Supply Chain

NC State SCRC

On the third day the team visited the Lenovo “Green Data Center”, and learned of how Lenovo is working to create their “converged” network servers that are on the leading edge of being focused on sustainable high speed efficient performance. Lenovo is $45B in sales, with 55,000 employees in over 160 countries, and was named one of the top 100 best global brands. Managing inventory cost is always an issue, and it is often driven by a number of factors.

It’s About Time for a new “World Class Supply Chain” Paradigm

NC State SCRC

As a young assistant professor at Michigan State University in 1992, I was part of a group called the Global Procurement Benchmarking Initiative. This initiative benchmarked over 300 global companies, and set forth many of the principles for what we called “World Class Supply Chains”. Many of these principles became the foundation for consulting practices at Accenture, Deloitte, Booz Allen, and others. Leveraging and strategic sourcing has gotten in the way of that.

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

There are systems directors in both the procurement and logistics/planning teams. The linkages between the enterprise and local teams are very tight, to ensure that functionally unique applications are inventoried centrally so all parties can leverage these tools. All of these groups (supply chain IT, systems, supply chain analytics, planning and logistics analytics) participate in the Supply Chain Director’s Council.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

Check out Brand Protection – The Definitive Role of the Supply Chain! From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. These responsibilities are at the core of making your company run. And how do you increase the value of Supply Chain in the eyes of your Executives and other functions? Now the role of Supply Chain is certainly different from one industry to the next.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

With accelerating rates of virus transmission and deaths the global response for containment has increased as well. Every aspect of our lives has been disrupted: our health, freedom of movement, employment, the economy, our ability to buy goods, and virtually every Supply Chain. We started to hear about shortages of toilet paper, hand sanitizer, foods and household goods. Now we are starting to hear about shortages of ventilators, masks, and medical equipment.

Iran 72

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. If cost reduction is not the only thing to measuring supply chain performance, that begs the questions: "Maybe we should be measuring other Supply Chain Management activities and what would they be?". Inventory measurement is critical and it is money after all in that it took a capital expense to procure.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. Fortunately, your organization can get ahead of the learning curve by knowing what trends in logistics to watch for this year. According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. This has always been true in retail, but the power of consumers has grown with the rise of the digital age.

Trends 223

Technology and Your Healthcare Supply Chain, What’s on the Horizon?

AFFLINK

And nowhere is the disruption of emerging tech more obvious than in the procurement sector. Emerging tech trends — especially big data, the Internet of Things, and cloud computing — will transform healthcare procurement operations, streamlining each department in ways we can only begin to imagine today. Enhanced methods of data analysis may be the biggest game changer for most CPOs. He noted, “60% of CPOs don’t have a clear digital strategy.”.

The Digital Transformation Journey: The Alignment of Industry, Company, and Technology

Talking Logistics

Inventory stockpiling is starting to occur based on prices and supply/demand curves. Ports are having to off-load cargo onto the new mega-ships offshore from multiple smaller ships because they don’t have the capacity to handle the bigger vessels. Technologies such as the Internet of Things, artificial intelligence, big data, machine learning and the cloud are changing the way people and companies interact and do business.

The Supply Chain Game Changer Job Board!

Supply Chain Game Changer

Quantum Leap to the Top 10 Supply Chain Skills of the Future! . There are a lot of job boards around. Our readers are often sending us messages asking for jobs, or asking if we know of available jobs, or asking to submit their resumes or CVs. And companies are asking if we know of people to fill their jobs or how to promote their job openings. For our purpose when we refer to “Supply Chain” we are including all of these functional areas.

Predictive Analytics and Future Supply Chains

Enterra Insights

Analysts from River Logic write, “The importance of supply chain analytics is demonstrated by predictions that the market will grow at a CAGR of 17.3% I’m reminded of the story of two men who bought a truck and went into the watermelon business. When it became obvious they weren’t making a profit, one of the men said, “Maybe we need a bigger truck.” With this influx of technology, predictive analytics is more powerful than ever.”

A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!

Supply Chain Game Changer

The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. But even with social distancing, the global lockdowns, temporary closures of many businesses and disruptions of economies everywhere there are still Supply Chains in action, as disrupted as they may be. we discuss the fact that any movement, handling or touching of goods must be analyzed. How can we support both of these needs?

Ultimate guide to technologies that are transforming supply chains

6 River Systems

Technology can have a significant impact on supply chains, but supply chain digitization still lags behind digitization of other areas of business across many industries. According to research from McKinsey & Company , the supply chain dimension has the lowest level of digitization (43%) compared to other dimensions, including products and services, marketing and distribution channels, business processes, and new entrants at the ecosystem level.

Top 5 Logistics Technologies

FLEXE

The business of Logistics is evolving. We recently published an article about how the Internet of Things is changing several aspects of the supply chain and in recent posts we’ve also discussed additional new innovations, like freight marketplaces and supply chain design technologies that help make the supply chain more efficient, responsive and competitive. And, of course, some companies, like Amazon, are making strides in the development of drone delivery.

Defining the New Normal in Supply Chain! What’s Normal Anyways?

Supply Chain Game Changer

The Coronavirus pandemic has upended almost every aspect of our personal and business lives. But with uncertainty around the future spread of the Covid-19 virus and uncertainty about the arrival of some kind of vaccine there is increasingly talk of a new normal. A new normal implies a significant change from our ways of living and doing business as compared to how we lived and worked before we heard of the Coronavirus. Subscribe Here!

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Also, it includes the key considerations such as how much of the product or service to sell and finally choosing the most cost-effective markets to operate in.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Also, it includes the key considerations such as how much of the product or service to sell and finally choosing the most cost-effective markets to operate in.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. As we draw toward the end of each year, I like to start collating information from our experiences at Logistics Bureau, along with anything I find in the supply chain industry media, about industry trends that look set to compete for business-managers’ attention in the year to come. The Death of the End-to-End Supply Chain.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. It also provides a context for all stakeholders to see the total picture of their organization’s costs.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. It also provides a context for all stakeholders to see the total picture of their organization’s costs.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. The total cost of ownership is defined as the combination of the purchase or acquisition price of a good or service. It also provides a context for all stakeholders to see the total picture of their organization’s costs.

Digital Transformation of the Supply Chain

Enterra Insights

Multinational enterprises deal with a dizzying array of paperwork involving procurement deals, purchase orders, shipping data, etc. Much of that “paperwork” is now done electronically, which is why consultants are increasingly touting the benefits of the digital supply chain. Trevor Miles ( @milesahead ), Vice President of Thought Leadership at Kinaxis, reminds us, however, “Digitization is not the same as digital transformation.”[1]

Supply Chain Optimization 101: How to Best Harness the Power of Big Data

AFFLINK

Tech journalists have written thousands of gigabytes about this emerging trend in IT, but what is it? More importantly, how can you leverage this fascinating technology into the world of supply chain optimization? The answer is both obvious and complicated — big data is comprised of huge data sets that can be analyzed by powerful, logarithm-fueled computers to yield valuable information about a given sector or processes.

26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

However, even with a growing number of innovative technologies at your fingertips, your success still depends on your strategy. To help you determine what tactics, processes, technologies and practices are a must-have in a winning supply chain strategy, we reached out to a panel of supply chain professionals and asked them to answer this question: “What’s the single most effective way to create a winning supply chain strategy?”

Many Companies on the Yellow Brick Road to the Digital Supply Chain remain in Munchkin Country

Enterra Insights

In the movie the Wizard of Oz, Dorothy and her companions are told the answers they seek are found in the Emerald City. The road begins in the land of the Munchkins then heads out into forests and fields before ending at the doors of the Emerald City. Getting out of Munchkin Country. Risking the chance of taking the Land of Oz analogy a bit too far, I want to discuss how companies can get out of Munchkin Country. of respondents.

Top 25 Supply Chains of 2018

Material Handling and Logistics

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. One of the most popular articles we’ve ever done is our look at analyst group Gartner’s annual ranking of the Top 25 Supply Chains. So the CSR score too is more of a popularity contest than a consistent metric. At the end of the slideshow, you’ll also find links to our analyses of previous years’ rankings.

How to Get the Benefit of GDPR for Your Supply Chain

Logistics Bureau

Yet much of what it obliges enterprises to do can be leveraged for their advantage. For supply chains, higher efficiency, lower costs, and better customer relationship management are just some of the possibilities. The dust is settling after enforcement of GDPR officially started in May 2018. The goal of the GDPR is to give people greater control over their personal data. The data can be structured, as in shipping and payment systems. Scope of consent.

50 expert tips on supply chain management

6 River Systems

The COVID-19 pandemic caused unprecedented global supply chain disruptions, impacting the flow of parts and finished goods around the world. At the same time, supply chain disruptions resulted in shortages of vital parts and components, and retailers such as grocery stores faced challenges keeping items like toilet paper, hand soap and sanitizer and disinfecting wipes on their shelves. Maintain a culture of compliance, even in times of crisis.

The Future of Logistics—20 Trends to Follow in 2017

FLEXE

As we ring in 2017, one thing is for sure: CEOs and CFOs will be putting more emphasis on supply chain. Narrowing of the ecommerce “barbell” Amazon has forced a barbell effect in retail—you can exist as a high-end boutique on one end, or a hyper-local, high-convenience retailer on the other end. Examples include everything from enterprise resource planning (ERP) solutions and factory communications to freight forwarders and forecasting and inventory management software.

I Will Be Wrong Again: Supply Chain and Logistics Predictions for 2017

Talking Logistics

Past performance is not indicative of future results. Here’s one of my predictions for 2016 that hit the mark: Blockchain Technology Will Make Its Debut in Supply Chain Management. Throughout this year, we’ve seen various announcements related to the use of blockchain technology in supply chain management. Keeping more accurate records in real-time of the thousands of parts that go into building a typical car would make Toyota more efficient, he said.