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Chris Caplice and Joe Lynch discuss MIT Center for Transportation and Logistics and a wide range of logistics and supplychain topics. from MIT in 1996 in Transportation and Logistics Systems, a MSCE from the University of Texas at Austin, and a BSCE from the Virginia Military Institute. He received a Ph.D.
Insights from Gartner’s Hype Cycle for SupplyChainStrategy, 2020. Supplychain professionals know it can be extremely challenging to drive day-to-day operational excellence and pursue innovation at the same time. Gartner’s Hype Cycle for SupplyChainStrategy, 2020 offers some guidance.
Like any SupplyChain, Retail SupplyChains have their own unique challenges. They’re different from the SupplyChains you might see in industrial companies or wholesaling companies. The retail supplychain is dealing with the consumer directly and the customer really is King.
Supplychain is an industry slow to change. Large shippers still use Excel spreadsheets to plan their operations, and even the most beneficial logistics technology is sometimes looked at warily. Supplychaintechnology that is “beyond TMS” adds an array of necessary components.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supplychainstrategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supplychainstrategy.
Supplychains are changing fast, and 2025 is set to bring even more challenges and opportunities. This year, its all about resilience, sustainability, and using technology wisely to stay ahead. Thats why its more important than ever to focus on strategies that work and make them part of your plan moving forward.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supplychain predicated on lowest-cost principles. Increasing supplychain data visibility is a priority for logistics organizations looking to improve resilience. The COVID-19 crisis has hit the global supplychain from all sides.
They talk about the growing popularity of podcasts in the logistics industry and how podcasting can be a helpful tool for professionals to stay up-to-date on industry trends and insights. Blythe is the Founder of Digital Dispatch and the Host of Cyberly, an influential podcast on the Freightwaves platform.
Supplychain leaders have faced significant challenges in the past, and in 2020, the coronavirus pandemic spotlighted the need for supplychain resilience and integration. Among these, an integrated return management strategy can make or break successful operations. Contact Our Reverse Logistics Team Today.
The solutions to supplychain problems boil down to the right combination of three factors—technology, data and processes. In the supplychain, problems are often overcomplicated. However, manufacturers, 3PLs and others in the supplychain often get lost in the details. That’s not true.
Many large enterprises use one form or another of a supplychain application to help manage their supplychains. Supplychain vendors have been touting their investments in artificial intelligence (AI) for the last several years. The agent technology is much more complicated than the math.
Every ecommerce store relies on an assortment of vital components to survive and thrive, but ecommerce software is the heart of all these elements. Regardless of the size of your ecommerce brand, it doesn’t hurt to periodically reevaluate if the softwaretools you’re using are giving you everything you need.
Michael Jacobs, Senior Vice President SupplyChain, Ferguson. Mr. Jacobs is the senior vice president for supplychain at Ferguson. While nominally a distributor, “supplychain management is our core competency. In particular, Ferguson’s supplychain is built for speed and to provide high service levels.
In the ever-evolving supplychain industry, transportation spend optimization – or TSO – has assumed greater significance. Globalization has expanded supplychains; the result is increased complexity and transportation costs. As challenges increase, technology continues to evolve to meet demand.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supplychain performance requirements. What should supplychain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious SupplyChain Award. We need people that are adaptable.
Unfortunately, this may lead some supplychain managers or executives to simply avoid the topic until a more cohesive understanding of its possibilities can be made. Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. Bluetooth-connected sensors. Hand-held scanners.
Global supplychain risk management continues to evolve and embodies a consideration of possibilities and outcomes by supplychain executives totaling in the millions. That’s where the crossroads of a tech-driven approach to solving the challenges of supplychain risk management lie.
Getting started with AI in supplychain might not start where you think. Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supplychain and your data.
My recent conversations with the supplychain practitioners are dominated by supplychain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Let us dive deeper into how supplychains are getting disrupted. Europe relies on Russia for around 35% of its natural gas.
As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19.
In February, Klaus Niebur, the director of global supplychain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. in turn, is a boutique procurement consultancy.
. “The rapid evolution of technology, coupled with lessons from recent global disruptions, is driving a new era of innovation and resilience in the sector. For business leaders, understanding these emerging trends is crucial to navigating the complexities of the modern supplychain and maintaining a competitive edge.”
In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supplychain visibility. One of the often missing links, however, in supplychain visibility, is transportation management.
2021 SupplyChain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supplychain and inventory management trends to adopt. Resiliency is now the name of the game for supplychains. Cloud-based Technology. Automation. Focus on eCommerce. Automation.
We are flattered to be recognized by Gartner in the 2019 Magic Quadrant for Sales and Operations PlanningSystems of Differentiation , especially considerin g that we only launched our configurable S&OP application two years ago. We offer scalable technology at a n accessible price. .
I’ve said it before (right here in Logistics Viewpoints), but it’s worth repeating: the digital transformation of our complex global supplychains is an ongoing journey. That’s when you can course correct in any number of ways that make your business more efficient and your customers happier. Lesson learned.
It’s not a short list, so we’ll set it down here as a summary to help you with plans for analysis. Competitor intelligence: Distribution strategies and network designs of your competitors. As a primary requirement, it’s necessary to understand the range of data types requiring collection and interpretation.
Call it a cop-out if you like, but seriously, predicting which logistics and supplychain trends will make a difference to businesses in any given year has become notoriously difficult, given the speed at which technology in particular can suddenly disrupt the way things are done.
What’s on the horizon for supplychain professionals? Microsoft also announced they plan to be carbon-negative by 2030. . Many are relying on advanced analytics to optimize their supplychain for sustainability. 2020 seemed a world away just a few years ago and yet, here we are.
Massive supplychain disruptions are being experienced around the globe, and the causes are many and complex. Factors affecting the supplychain. When China shut down operations in a bid to contain Covid-19, supplychains ran out of material. How can businesses create the supplychain of the future?
Procurement and SupplyChain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supplychain focuses on service and procurement focuses on the cost of acquiring materials and services.
Editor's Note: This guest contribution the Cerasis blog comes from our friends over at Fronetics an inbound and content marketing company who specializes in marketing for companies with a keen value adding business model for those in the supplychain and logistics industries. SupplyChainPlanning Starts with Looking Back.
Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supplychain. A well-implemented reverse logistics system is essential for managing these backward movements efficiently. A plan is necessary, possibly based on one of the following strategies.
Essential Steps to Using Warehouse Modeling Software for Design 1) Understand the Design Objectives and Constraints The first step in your review should be to determine and prioritise the objectives for your warehouse facility and operation. If so, you should plan to slot them close together to improve picking efficiency.
Transportation is, of course, a major source of green house emissions. A transportation management system (TMS) allows a shipper or carrier to plan the most cost-effective set of shipments that meets service level goals. Advanced transportation management solutions are already closed loop systems.
As an entrepreneur I’ve been reflecting on this a lot: The current milestone in logistics and fulfillment is using emerging technologies to capture and leverage exponentially growing data sets in warehouses and throughout the entire fulfillment network. The rise of autonomous technologies.
When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. So let’s plan for it. A “planful” way forward. It’s all about plowing through the next wave.
We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, SupplyChain, Logistics, and Transportation Management. 2016 SupplyChain Trends: The First 7 of 12. Do you have the most efficient process that you can then scale with technology and automation?
COVID-19 has forever altered the supplychain—here are several ways in which supplychains are reorienting themselves going forward. The pandemic has dramatically impacted supplychains, and that, in turn, has led to dramatic transformation. A New Focus. In a world shaken by disruption, it no longer does.
At the conference, I was fortunate to see a presentation from Brent Wilson, Senior Vice President of Global SupplyChain at Qualcomm. For companies like Qualcomm, that’s fueled unprecedented demand for the semiconductor chips they provide to power the technology we’ve all come to rely on.
So, you are thinking about a career in supplychain? While this article is intended as an evergreen resource, to help you navigate in your search for a supplychain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. This post was written in collaboration with , OpenEnvoy , a leading automated invoice reconciliation tool. Digitize Invoicing to Eliminate Errors and Guard Cash Flow. Key Features: Basic Auditing.
Has your company ever suffered problems with, implemented, or even considered implementing a sales and operations (S&OP) planning process? Often, in our experience, the problem is a human one… It’s not the data, not the process, not the technology, or the strategy, but the people. The SupplyChain Head.
And because we are supplychain specialists, well, supplychain projects are our bread and butter. . You don’t need a PM background to plan and complete a supplychain project, whatever its nature. . But what does it take to prepare for managing a supplychain project?
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