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Historically, there has been a disconnect between SupplyChain Planning and SupplyChainExecution processes and applications. As a result, companies tend to plan, optimize, and execute their inventory, labor, transportation, and warehousing operations separately (that is, in a siloed manner).
SupplyChain Matters provides the first of a two-part market education series addressing what we term as broadening the context from warehouse control layer or accelerator to that of supplychainexecution orchestration.
Understanding more about the needs and wants of customers can help supplychain leaders make informed decisions, improve inventory management, and increase profitability. In recent months, conversations about how to improve forecasting in the supplychain have focused on a subject: demand sensing.
COVID accelerated executives’ understanding that supplychains needed to be agile. However, according to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supplychainexecutives are losing the strategic gains they made with their C-suite counterparts.
The "TMS+" approach is more than a standalone Transportation Management System (TMS). It’s a supplychainexecution technology that recognizes companies today operate as multi-party ecosystems, and that transport management activities are just one component of high-functioning supplychains.
Safety Stock: Navigating SupplyChain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supplychainexecutives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.
His keynote address highlighted the company’s recent accomplishments, such as the introduction of a new inventory planning solution, substantial investments in research and development, and advancements in artificial intelligence. Execution Layer Orchestrates the timing and location of order processing to maximize throughput.
Supplychainexecution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. Strategic product segmentation, sourcing and inventory management. Optimize supplychainexecution and minimize both delivery time and costs.
Risk permeates supplychains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supplychain management, but supplychainexecutives who take the time to understand the greatest threats can successfully position their companies to overcome such risks.
For logistics professionals, this translates to smarter warehouse layouts, more accurate transportation planning, proactive maintenance scheduling, and a new level of resilience through cost-to-serve optimization. This article explores how digital twins are being deployed in transportation, warehousing, and network design.
First, what is the current state of supplychain technology? Third, what are the big trends in warehouse and transportation management? And fifth, what are you seeing in terms of supplychain sustainability? However, the single biggest supplychain trend is the unification of WMS and TMS.
These challenges can be overwhelming, but supplychainexecutives and managers can simplify the process by tracking these top warehouse management KPIs (key performance indicators). of the digital supplychain. Inventory Accuracy. Inventory accuracy is a measure of database inventory versus actual inventory.
As markets demand not only efficiency but agility and adaptability from supplychains in our current reality, supplychainexecutives have been heavily investing in automated execution and real-time visibility technologies to continue moving inventory and delivering on customer expectations.
More advanced supplychain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies. The executive focus should be on the output of strategic planning into the tactical process of S&OP.
We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”
Built as a unified suite rather than integrated point solutions, the platform includes end-to-end functionality across supplychainexecution, commerce, and planning. Recent examples included the rollout of a new inventory planning application and the introduction of a hybrid AI-powered demand forecasting engine.
port strike , we can observe the undesirable and potentially very damaging impact of a sudden set of supplychain disruptions. Shippers need more labor to keep their transportation and distribution activities moving, but employees are becoming harder to find and more expensive to retain. In my recent blog post about the U.S.
An average margin of 21% with inventory turns of 1.58 Yet, you will find the past executives from Sanofi speak openly on event stages about their journey on supplychain excellence as winning performance. The group’s response is, “Are these supplychain metrics?” There is no silver bullet.
We are well into the era of real-time transportation visibility, where shippers and their partners can track freight in real-time across every mode of transport. Your real-time transportation visibility solution can tell you where your shipment is in transit, and the AI built into that solution can give you a highly accurate ETA.
Their supplychainexecution business also includes facility and automation design. They do supplychain strategic consulting and supplychain planning implementations. They were Koerber’s WMS partner of the year in 2022. But enVista has a whole other side to their business many are unaware of.
The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Getting the Right Tools for the Job.
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. These companies did not realize that profitable agility relies on a bag of capabilities, not simply “visibility.”
Today we are releasing the results from the 2021 State of SupplyChainExecution Report , which provides the latest market insights around: Will e-commerce growth brought on by the COVID-19 pandemic continue? What are the biggest supplychainexecution/logistics challenges facing shippers and LSPs?
Additionally, supplychain and transportationexecutives will have access to enterprise analytics and performance reports across their distribution yards through the PINC application. “We We are truly excited about this partnership,” said Eric Breen, Vice President of Business Development at PINC. “?
Gartner has estimated supplychain management software to be a $17 billion addressable market growing at approximately 10% a year. However, with 66% of logistics budgets spent on moving only 10% of total inventory, the remaining 90% of inventory at rest is not optimized for bottom-line impact and efficiency gains.
Today, companies are realizing that having excess inventory, logistical expediting, and promotions without tight supplychainexecution, without unifying logistics, and without a scientific basis may not be the solution and. In fact, it may lead to increased variable costs. At SodaStream, which provides 1.5
Source: Gartner SupplyChainExecutive Conference. Procter & Gamble (P&G) is known for best-in-class supplychain planning. There are extremely long distances between some transportation hubs. In their worlds, cash is king and inventory is only viewed as a financial measure.
Let’s just come right out and say it – without the ability to capture, aggregate, and understand your supplychain data, you have gray area within your organization. How can you make it all work together and build a better supplychain business, fast? The consequences can be serious. So, what next?
According to its Director of Logistics, the company digitized its freight order management system , creating two-way integration with its existing digital transportation management system (TMS). Real-time access to carriers via a single platform helps this retailer maximize agility and further optimize its transportation spend.
End-to-end transportation and logistics visibility provider Flexport unveiled over 20 added technology and AI powered applications that are part of the providers initial Winter twice-yearly technology suite update. Readers may be asking why Flexport elected to offer both options.
With gasoline prices reaching record highs , transportation managers must make smarter decisions that minimize road miles and associated costs. While demand is high, ongoing product shortages continue to cause supplychain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations.
While the supplychain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. So much has changed in a year!
A new study that the SCRC published with GEP examines the increasing pressure that supplychainexecutives are getting when it comes to responding to supplychain disruptions. In this study, we explore the primary forms of misalignment that exist between supplychain and procurement executives. (We
The Reward: Top Benefits of Modern Systems Are Key to Business Survival When it comes time to garnering support to investing in a modern warehouse management system, supplychainexecutives should focus on the key benefits that will be provided by the system. Improving network-wide inventory visibility.
billion in inventory that “if we could just wave a magic wand, we’d make it go away today,” said chief financial officer John David Rainey. Walmart estimates that inventory is still 15 percent above optimal levels. Clearing the inventory will still take a couple of quarters. Walmart has about $1.5
The majority of the transactions are in Enterprise Resource Planning (91) versus supplychain planning (31). The high activity levels in the transportation and Retail/Ecommerce sectors mirror consumers’ movement into new channels. The View Of The SupplyChainExecutive. Opportunities Abound.
This transaction marks the second add-on acquisition for PINC in less than thirty days – PINC acquired a transportation management software (TMS) carveout from Wabtec Corporation on September 15, 2020. Customers will be able to turn to PINC to see, automate, and execute more components of their supplychain.
Supplychainexecution is required to distinguish between the high runner purchases and the slower-moving products customers are willing to wait for. Strategic product segmentation, sourcing and inventory management. Optimize supplychainexecution and minimize both delivery time and costs.
A better forecast leads to carrying less inventory while maintaining or even improving service levels. The improvement in forecasting contributed to an increase in service levels by 10% while reducing inventory investment by 20%. The way this works is that every element in the supplychain is given a carbon index, absolute or relative.
To coordinate, contracts can be made with direct links in the supplychain, but how can organizations coordinate with the suppliers’ suppliers or the customers’ customers? However, commonly used KPIs used by supplychainexecutives are usually focused on logistics performance (e.g.,
Target expects squeezed profits from aggressive plan to get rid of unwanted inventory. The deliveries, which are slated to begin in July, are part of a multiyear commercial partnership with Georgia Pacific and KBX, the transportation arm for Koch Industries. billion of inventory as of April 30, the end of the fiscal first quarter.
In fact, going forward, they want to pull data from demand planning, the ERP, the plant, and transportation to create real-time supplychain visibility that spans beyond the warehouse. A WMS system uses RF guns to make scans of picking locations, to verify that the picker is in the right location. Final Thoughts.
What it the Current State of Warehouse Management Systems & Their Role in an Effective SupplyChain? In this “The Freight Project Podcast” episode you’ll hear : The most common problems supplychainexecutives are looking to solve using a modern WMS. Download E-Book. Download E-Book.
That’s why good supplychain management is so important for your ecommerce operations. An optimized supplychainexecution process can make all the difference. What is supplychainexecution? Supplychainexecution (SCE) processes & tasks. Supplychain planning.
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