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Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk.
Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. What Is SOC Compliance?
Bouncing back more quickly, said experts, will require supply chain managers to turn to new ways of managing the supply chain, including using Internet of Things (IoT) data, analytics and machine learning (ML). And while during the SARS epidemic of 2002 and 2003, China represented 4.3% And again, data quality is a huge concern.
Here’s how you can improve manufacturing floor data collection, long-term. A key component of any manufacturing process is data collection. However, are you starting to outgrow your manufacturing floor data collection system ? At one point, every program used to record data was being used by no fewer than 21 managers!
Virtually all of those startups disappeared by 2002 — they either burned through all of their investment money or were acquired by bigger fish. I’ve spoken at this event in the past, but this year I came mainly to learn and network with the attendees (over 600 this year, a new record). Descartes, in short, is alive and well.
While having an open economy is a good thing, it does expose the country to greater volatility as the economy is influenced by global events and economies to a large extent. As per data from SARS, the Top 5 countries who traded with SA were China, USA, Germany, UK and India. billion more in goods than what it imported.
The two companies switched positions in 1991, an event which heralded the start of a decade-long decline for Kmart, which ended in bankruptcy in 2002 and led to a subsequent merger with Sears in 2004. Where Did Supply Chain Strategy Fall Down at Kmart? Did Kmart actually have a supply chain strategy?
Even though these events do not necessarily represent a threat on US soil, consumers want products that are related to safe areas. Data from the Consumer Product Safety Commission (CPSC), however, do allow us to take a partial look at recalls by country. The political climates of foreign countries are becoming unstable.
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