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Effective Supplier Collaboration Is Critical

Logistics Viewpoints

McKinsey, the global consulting firm, has done research and writing on supply chain collaboration. In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers.

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5 Supply Chain Collaboration Essentials to Mitigate Disruptions

Logistics Viewpoints

Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. Collaboration is Key. Supply chain collaboration is essential to mitigating the risks that come from exposure to disruption.

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How manufacturers and distributors can use ERP to gain control across the supply chain

SYSPRO Smarter ERP

New SYSPRO research reveals 47% of survey respondents invested in sensors, IoT or IIoT to collect data and respond to supply chain disruption, however only 20% of businesses invested in data analytics tools to process and analyze the data and only 5% of businesses investigated AI and ML to draw any long-term benefit from the data collection.

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Navigating M&A Trends in the Transportation, Logistics, and Energy Storage Space

Logistics Viewpoints

Additionally, customer demand for green solutions is surging, with a McKinsey survey indicating that 60% of consumers are willing to pay a premium for sustainable delivery services. Predictive analytics tools enabled by AI are helping organizations optimize inventory management, reduce downtime, and improve demand forecasting.

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7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

For example, procurement can collaborate with suppliers to develop new services to not only retain strategic customers, but grow market share while creating significant upsell opportunities. A great way to tackle this is by having a solid understanding of existing and potential suppliers, including their supply chain.

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Balancing Technology and Humanity in the Age of AI

Logistics Viewpoints

Meaning is behind the three C’s I argue that AI lacks: context, collaboration, and conscience. AI cannot derive meaning from context, collaborate to build relationships to get things done, or make an appeal to our conscience, as Lincoln’s speech did. But novel solutions emerge from collaboration along the paths less traveled.

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[INFOGRAPHIC] Digital Disruption: Closing the Connectivity Gap in Manufacturing with Digital Operations

GlobalTranz

Manufacturers need to focus on their core in order to stay competitive, and technological tools, such as our Cerasis Rater, a transportation management system , allow for streamlined process in managing transportation, giving back precious time, money, and focus to our manufacturing customers. Embrace Digital Disruption.