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Five years ago, we all thought the COVID-19 pandemic resulted in the most disruptedsupplychain landscape we would ever see. Since then, supplychaindisruptions and volatility have only increased. For most supplychain and logistics teams, their execution options are not limitless.
Is your business facing rapid growth, supplychaindisruptions and/or unpredictable customer demand? If so, optimizing your inventory management strategy can be a game-changer. This method offers a solution to various inventory and shipping challenges for businesses just like yours.
These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. Factors like planning tools, inventory management, demand patterns, and innovations in technology contribute to the success or failure of fulfillment optimization.
Product Packaging Ideas to Reduce Costs! Packaging systems play an integral role in supplychain operations, from manufacturing to distribution of products to end users. Many packaging options are available in the market, providing excellent protection for items people buy online or in physical stores.
Let’s take a closer look at how four key industries—automotive, consumer packaged goods (CPG), high tech, and industrial manufacturing—are navigating the tariff rollercoaster and adjusting to the shifting landscape. Solution: Real-time scenario planning combined with agile sourcing strategies to maintain supplychain continuity.
Shipping packaging materials comes with its own set of challenges that can disrupt operations and impact profitability. Managing Packaging Material Volume Variability The demand for packaging materials often fluctuates based on seasonality or consumer trends.
The latest study highlights opportunities for businesses to strengthen resilience with artificial intelligence (AI)-driven demand sensing to optimize inventory, realize more value from planning investments, and better serve clients during disruptions of any size. Orlando, FL – October 2, 2024 – E2open Parent Holdings, Inc.
For the past few years, the news has been filled with stories about supplychaindisruptions, supplychain fragility, and the need for supplychain resilience. A term once prominent in supply discussions optimization isn’t heard quite as often as it used to be.
Can You Prevent SupplyChainDisruptions in Life Sciences? Supplychaindisruptions in the life sciences industry can have serious consequences. By implementing these strategies, companies can better navigate supplychaindisruptions.
How CPG leaders can reduce costs without hurting supplychain performance fbaker Tue, 06/03/2025 - 09:18 In the consumer packaged goods (CPG) industry, SG&A (Selling, General, and Administrative) costs have long been a go-to target for improving margins. But today’s market is anything but typical.
Inventory buffers shrink. To keep operations and supplychains stable amid the volatility of today’s global trade dynamics, companies need a freight strategy that can flex under pressure. In April, freight company HLS Group reported 80 canceled sailings from China as trade tensions with the U.S. intensified.
The data can be used to identify inefficiencies in the supplychain, improve inventory management, and streamline operations. As recent events have shown, the automotive industry is vulnerable to supplychaindisruptions, such as shortages of components or delays in delivery.
The High Cost of Inefficiency: Key Statistics Supplychain inefficiencies drain resources and delay growth. Over 60% of businesses experienced supplychaindisruptions in 2023, costing an average of $184 million per company. One of the studies done in 2025 estimates that green supplychains will save companies 1.2
Leveling up your inventory life cycle can be crucial, but keeping all the fundamental factors jumping is essential to let the life cycle evolve. However, if the life cycle stock is healthy, inventory management is smooth. Inventory management revolves around the pivotal concept of the product life cycle. Click here!
SupplyChain Management – SCM – The Coordinated Process of Producing and Delivering Goods and Services from Suppliers to Consumers – Conceptual Illustration In todays rapidly evolving global marketplace, supplychaindisruptions have become a regular occurrence.
United States tariffs – oscillating between proposed, paused, and impending – are hiking costs on everything from essential ingredients to packaging. Meanwhile, supplychain vulnerabilities persist, creating unpredictable lead times and availability gaps. Become one with your valuable sales and inventory intelligence.
What is Inventory? A Comprehensive Guide to Types and Uses Inventory is a critical component of any business that deals with goods, as it forms the backbone of a company’s ability to operate efficiently and profitably. What is Inventory? Respond quickly to market fluctuations or disruptions.
Inflation, high interest rates, supplychaindisruption and trade issues are putting a squeeze on companies everywhere. Moving RFID Tagging Upstream Walmart had the right idea when it implemented its RFID mandate for suppliers, resulting in increased inventory accuracy and streamlined supplychain processes.
Specifically indicated in this report was: “ The decisions are a sign that BYD’s robust sales growth over the past couple of years that drove it to overtake Tesla as the world’s largest EV maker could slow, as it grapples with rising inventory even after offering deep price cuts in China’s cutthroat auto market.”
1 SupplyChainDisruptions The past several years have underscored the fragility of global supplychains, as geopolitical conflicts, natural disasters and labor shortages have continually tested resilience. But resiliency isn’t simply about alerting delays — it’s about actionable adaptability.
AI and ML in inventory and supplychain management Applying AI to demand forecasting can reduce forecasting errors and costs by optimizing inventory levels to match demand through analyzing data from an ERP on sales history, customer behaviour and industry patterns.
But to make sure that they stay in tune with inevitable shifts in the market, as well as any number of unanticipated supplychaindisruptions, manufacturers have yet another technology tool at hand: the digital twin. All of that theoretically lends itself to the creation of smaller, more nimble facilities.
According to an article by SupplyChain Dive , this can be challenging considering only 6% of companies report having full visibility across their supplychains. I am offering a limited number of visits for those who are interested in deep-diving into supplier performance and other key aspects of supplychain management.
Picture the last time you lost a package. Now imagine being responsible for millions of packages arriving perfectly to the end consumer. This is the world of e-commerce fulfillment, where every lost, damaged, or delayed package isn't just an isolated annoyance—it's a customer relationship on the line.
At this year’s Gartner SupplyChain Symposium in Barcelona, Andreas Nickel, Global IT Lead for SupplyChain Applications at Novelis, took the stage to share an inside look at one of the metals industry’s most ambitious digital planning transformations. Most people don’t know what Novelis does.
These tools empower evidence-based decisions, reduce waste, improve visibility and help safeguard against future supplychaindisruptions. Centralized medication management platforms allow hospitals to track and manage inventory across departments and facilities in real time. Digital tools help shift that burden.
Managing risk and ensuring supplier reliability is crucial to avoiding supplychaindisruptions in the manufacturing process. Indirect procurement focuses on minimizing costs while ensuring that the organization has all necessary support services and supplies for smooth operations.
Manufacturers counter with exclusive items, co-branded campaigns, and custom packaging to stand out and boost impulse buys. Maximize Buying Power QAD aligns purchases with demand forecasts, ensuring you avoid excess inventory or shortages, and spend smarter to maximize profits.
Supplychain reports are data-driven documents that provide key metrics and insights into various aspects of your supplychain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs.
Research from Creditsafe’s Cost of Late Payments report found nearly 86% of businesses saying that up to 30% of their monthly invoiced sales are overdue.
Six steps to successful product sourcing Benefits of having multiple sources for your products How ShipBob supports your ecommerce business post-sourcing FAQs As a retail buyer, sourcing the consumer packaged goods (CPG) products to stock your shelves is integral to the success of your store.
It helps manage purchasing, supplier relationships, and order processing while integrating procurement with finance, inventory, and other core business functions. Inventory Management Integration ERP systems integrate procurement with inventory, automatically updating stock levels and triggering reorder points when needed.
Direct spend includes goods and materials that go directly into your company’s products or services, such as raw materials, packaging, and components. Examples include office supplies, IT infrastructure, and facilities. ” Categories typically fall into two main groups: direct and indirect spend.
Amid shifting trends, tariffs, supplychaindisruptions, and more, CPG supplychain teams are constantly navigating uncertainty to keep products moving. In a Deloitte survey of retail professionals , 60% reported that AI tools improved their ability to forecast demand and manage inventory in 2024.
In a recent webinar , Jason Miller, Eli Broad Endowed Professor of SupplyChain Management at Michigan State University, highlighted this complexity: “Monthly and quarterly inventory reports…group all categories togetherInventories are up. Inventories are down. What should we do?
One leader went on to say, “We have revamped using QAD ERP, which helped us a lot in inventory management and cost analysis.” Recovering from Sudden Disruption “It’s really bad. is uttered more and more often in reaction to disruptive external events. It’s really bad.”
European truckmakers tackle rare-earths bottleneck with stockpiling, supplychain shifts European truckmaker Volvo Group has been seeking alternative sources of rare earths and Daimler Trucks has been building inventories to deal with supply issues linked to Chinese export curbs, saying lessons had been learned from the chip crisis.
And retailers are using AI to dynamically adjust pricing and inventory strategies in response to tariff-driven cost changes. Supplychain leaders who are exercising a modicum of control over tariff volatility have created the right conditions for AI success. Will your organization be ready?
December 2024 LMI Index Highlights The Logistics Managers Index Report is compiled by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University and the University of Nevada Reno , and in conjunction with the Council of SupplyChain Management Professionals (CSCMP).
These disruptions highlight the fragility of global supplychains, wherein a single policy can trigger a domino effect across continents, affecting inventory management, logistics and customer satisfaction. A McKinsey report found that AI adoption in supplychains cut inventory costs by 15% for early adopters in 2024.
How Volkswagen and Maersk Solved an Export Bottleneck with Cars in Containers As vehicle exports from Mexico to North America surged, Volkswagen Mexico found itself confronting a significant supplychain crisis. Its long-established logistics model, built around rail and RoRo (Roll-on/Roll-off) shipping, could no longer keep pace.
These types of behavioral changes from customers disrupt traditional sales cycles and require increased agility to shift pricing strategies. At the same time, tariffs increase the risk of supplychaindisruption, as exemplified by the current trade war between the U.S. Optimizing supplychain efficiency.
Supplychaindisruption is a fact of life for every company that moves any type of product. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Preparing your supplychain for resiliency begins with risk management and a proactive strategy.
the daily delivery of packages to our homes). FedEx founder and chairman Fred Smith, famously said “Information about the package is as important as the package itself.”. The post Driving Sustainability in the Age of SupplyChainDisruption appeared first on Logistics Viewpoints.
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