This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
To address these issues, companies are adopting innovative strategies, including dynamic route optimization, real-time tracking, and even leveraging emerging technologies like drones and blockchain. By tracking these metrics over time, organizations can pinpoint areas for improvement and tailor their strategies accordingly.
of events and respond accordingly. Clarity of Impact: Context helps planners understand the significance of an event. For example, a warehouse inventory discrepancy may only matter if it affects high-priority orders or strategic customers. For instance, detecting a delay in a shipment is not enough. The post Context.
Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree. Ron Crabtree.
Since joining Trimble, Williams has led product development and strategy for Trimble’s award-winning dynamic freight procurement solution, Engage Lane. Explore Trimble’s strategies for improving productivity by addressing the fragmented nature of the transportation industry.
Diversified Port Strategies : DGL identifies and utilizes alternative port options to keep your cargo moving. By building flexibility into our logistics strategies, we can redirect shipments to less-affected ports, minimizing delays.
Global supply chains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China The prevailing strategy was to produce goods in low-cost countries and distribute them globally, optimizing for economies of scale. China trade disputes, and natural disasters.
Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Common examples of Supply Chain Disruptions So what are the main reasons that you need to consider supply chain resiliency in the first place?
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions. Learn more at InterSystems.com/DataGateway.
Overlaying a dynamic layer on top of the WMS can sometimes be the the best and most efficient strategy. For example, adding a new workflow to accommodate a different order fulfillment strategy or scaling the system to handle increased volume during peak seasons can become a time-consuming and expensive process.
For example, flexible systems allow warehouses to shift resources seamlessly between e-commerce and business-to-business (B2B) operations, enabling smooth transitions between high-demand cycles for different clients. Clear goals ensure that investments in flexibility and throughput align with broader business strategies.
Whether you’re managing a distribution center, coordinating fleet operations, or shaping global supply strategy, understanding how to deploy and scale digital twins may be your next competitive edge. We dive into real-world use cases, implementation guidance, and measurable results already seen by industry leaders.
On top of that, there are often persistent misconceptions about what it takes to collect, manage and take action on effective data strategy. For example, these systems could identify the optimal crew size and equipment needed based on facility characteristics, event schedules and surface types.
For example, if an employee works 40 hours at regular pay plus 10 hours of overtime, they will not pay federal income tax on those overtime hours. This is particularly important during periods of heightened security needs, such as holidays, major events or during peak business seasons.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions. Learn more at InterSystems.com/DataGateway.
These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. Hurricane Maria, which slammed into Puerto Rico on September 20, 2017, is a prime example of a catastrophe that reverberates through supply chains. Economic situation can cause product or labor shortages.
Here are seven proven strategies every supply chain manager should explore to streamline operations, boost efficiency, and drive profitability. Example: Retail giant Zara uses real-time data from its stores to adjust inventory dynamically. Cost Saving Tips for Every Supply Chain Manager 1.
From new tech breakthroughs to changing customer expectations and unexpected global events, businesses need to stay flexible and ready to adapt. Thats why its more important than ever to focus on strategies that work and make them part of your plan moving forward. JOIN NOW Since you’ve come this far, this might interest you!
This was an intimate, packed 2-day event with executives, customers, other market analysts, and additional Infor team members. The event began with an address from the CEO, Kevin Samuelson, and CTO and President, Soma Somasundaram. The strategy strongly focused on enabling customer success and accelerating innovation.
The toilet paper shortage was one of the COVID era events that taught people what the term “supply chain management” meant. In warehouses, for example, one solution is labor management. Multinationals knew that events could occur that could cost them tens, or hundreds of millions of dollars.
Companies can also test-drive their supply chains by introducing the uncertainty of events that are difficult, if not impossible, to predict with accuracy. These events can range from minor supply disruption or canceled shipments to significant black swan events. suppliers impact your ability to deliver.
For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability.
The system can detect a deviation from a forecast, for example, and yet understand if the deviation is in an allowable range and that an alert does not have to be generated. However, unexpected events do happen. For example, a large customer may place a large, unforeseen order that becomes visible at 9:00 a.m.
Companies that rely on reactive strategies risk falling behind, while those that prioritize resilience are better equipped to thrive. Reactive strategies focus on addressing issues as they arise, but these approaches: Lack foresight to predict disruptions. Struggle to adapt to rapid changes.
Our discussion spanned various critical areas, including the distinguishing features of these commodities, the impact of global supply chain dynamics, and the essential strategies for managing risks and operational challenges. Were all dealing with the same issuesgeopolitical instability, economic fluctuations, and extreme weather events.
Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If But with a black-swan event, it just magnifies the risk.”. Sign up for virtual event updates here. ]. All of that works perfectly well when things are OK.
While this creates tremendous value , it also br ings the inevitable risk that certain event s can have far-reaching consequences that influence supply chain s more than ever before. Let’s explore some example s. . Most often , these events force demand and resource usage to fluctuate.
So everything in the retailer’s Supply Chain strategy needs to be focused on the customer, and of course the shareholders, that goes without saying. Retail Supply Chain Costs These costs will of course vary by company and sector and are just an example. For example, buying in large quantities from suppliers, to get a lower unit cost.
ML looks into historical data (for example, transit time statistics of carriers) and data from impactful external factors (such as port congestion, weather or holidays) and uses this information to develop more accurate transit time estimates. These can include traffic conditions, port congestion, storms, and holiday closures.
By leveraging technology, data analytics, and innovative strategies, companies can streamline their supply chains and achieve significant improvements. Here are some real-life examples of successful supply chain optimization across various industries.
Lessons can come from extrapolating what we witness every day; from events that capture tangible and intangible aspects of sustaining normal life. If production or availability cannot increase, an inefficient transfer of resources from one area of the battlefield to the other can upend strategy. Australian consumers are fearful.
Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. Examples are industrial robots and multipurpose CNC machines. For example, full warehouse automation to support event-driven, mission-critical system delivery.
MODEX 2024, held in Atlanta, Georgia, from March 11 to 14, attracted more than 35,000 attendees and featured over 150 educational sessions, keynote speakers, and networking events. Here are some of the examples that caught our attention. They can also work alongside humans or independently, depending on the task and the environment.
But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.
Let us take the example of direct materials, i.e., materials that are used as components in making a finished product, such as a hard drive or RAM in a personal computer. In our experience, by embracing digitalization of sourcing operations, organizations are able to uncover double digit percentage savings from sourcing events.
Geopolitical tensions, equipment shortages, and global events like the Red Sea crisis contribute to the disruption. Adaptation Strategies: To navigate these challenges, importers should diversify their shipping strategies. Spot rates for regional hubs have increased by over 50%.
Whether it’s a pandemic, severe weather events, trade disputes and tariffs, economic upheaval, or even unexpected surges in customer demands, you can’t prepare for every eventuality. Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic.
It is the world’s biggest sporting event that highlights the globe’s most popular sport. In this example, the tournament location, required infrastructure development, and very scope 3-heavy nature of the event, make the since retracted claim of a “plastic- and carbon-neutral” seem, well, kind of silly to make to being with.
OpenAI’s “12 Days of OpenAI” event showcased its continued efforts to enhance its competitive position in the AI market. Key announcements from the event include: Introduction of ChatGPT Pro : This broadened the usage of frontier AI. For example, OpenAI has received $11.3 billion in funding.
At our Blue Yonder ICON event later in April this year and 3PL Execution Forum in June, 3PL and 4PL companies will explain how they are leveraging innovations as an advantage. An example is carrier network services for executing a cohesive set of first-, middle- and last-mile operations and optimizing common carriers and fleets.
For example, speakers from Walmart and Best Buy shared how they they gained better freight visibility and created a shorter returns cycle. Trade chaos and economic trends are forcing retailers to adapt Recent events in global trade also headlined many of the sessions.
A one-number forecast, for example, looks across the range of demand that might emerge in a period and decides to create a forecast that is mid-way between the most and the least demand that is apt to emerge. For example, in a trip to the airport, there is a chain of events that determines whether a person will arrive on time.
Because of service disruptions – not being able to buy toilet paper, for example – the supply chain has been more discussed than ever before. These extreme error events “are the supply chain equivalent of the highway washout or bridge closure.” During the pandemic, extreme error events rose to 38%. But just how bad was it?
Risk events that happen in one part of the supply chain can cause a disruptive effect that is amplified multi-fold given the complex connectivity of labor, raw materials, and capacity. The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream.
American Supply Chain Resilience Act and the German Supply Chain Act are just two examples of this. This is creating the need to shrink the time between identification of a sourcing need and executing on a sourcing event. Wanted to share these thoughts here.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content