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Logistics strategy as an enabler of new business models. They promoted logistics to the level of core process and enabler of new business models and now view a thought-through logistics strategy as an opportunity to stand out by offering a better service level to their customers, such as same-day delivery. Automation as key for growth.
Infor’s CEO, Kevin Samuelson Infor’s strategy for differentiating their business from competitors like SAP and Oracle rests on a truly differentiated approach to ensuring that their customers get ongoing value from the business applications they purchase. For example, Google Maps app is a public cloud application.
Supply chain network design (SCND) is a powerful tool for improving business operations. That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. But it has gaps.
Kelly is the VP, Product Management of Trimble Transportation , a technology company that offers a suite of transportation technology solutions, including fleet management, route optimization, and freight visibility tools, to improve efficiency and safety.
Do we have a demand forecasting tool in place and, if so, how good is that forecast? For example, we can have “Texas Small Volume” customers and “Florida Peak Season” customers, or “East Coast High Margin” customers and “Carolinas High Priority” customers. First comes the data and how well we understand it.
Companies must also offer a healthy workplace which listens to their workforce and offers modern tools that keep workers happy in addition to being productive. How would they best use the tools they’ve been given? The post The Most Overlooked DC Performance Strategy appeared first on Logistics Viewpoints.
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.
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.
Balancing Cost-Efficiency with Ethical Sourcing and Compliance Cost-efficiency remains a primary driver for supply chain strategies, but it must be balanced with ethical sourcing practices. Key transparency initiatives include: Supply Chain Mapping: Using digital tools to trace the journey of products from raw materials to finished goods.
Here’s an example. Mid-market manufacturers need a tool that’s tailored to their needs. The BI tool needs to be able to easily pull all this data together for analysis. BI tools integrated within your ERP can pull your data into a data warehouse through predefined ETL (extract, transform and load) tools using a web interface.
In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. For example, did you take out a loan through the Paycheck Protection Program ? Prepare for Upcoming Supply Chain Risks.
Overlaying a dynamic layer on top of the WMS can sometimes be the the best and most efficient strategy. AI-driven tools optimize batch assignments by analyzing pick paths, order priorities, inventory, and travel costs in real time.
Through coaching and proven assessment tools, Ann helps people become aware of their personality, emotional intelligence, and how they manage their brain energy. In the podcast interview, Ann shared 3 strategies that people can use to be more productive, happier, and healthier, in other words reclaiming your energy, passion, and time.
You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. You are Facing New Omnichannel Fulfillment Requirements : The boom of ecommerce and direct to consumer demands require new strategies and cutting-edge WMS capabilities.
For example, coordinating inventory management systems with demand forecasting tools. • Application Layer: End-User Access The application layer corresponds to the user-facing systems in the supply chain, such as customer portals, supplier dashboards, and analytics tools.
For example, reduced emissions could result from streamlined routing or fewer trips due to improved demand forecasting. Advanced TMS systems should provide tools to visualize these relationships, enabling managers to make strategic choices that comprehensively balance costs, efficiency, and sustainability.
GIS is a powerful tool that enables the analysis and visualization of spatial data, allowing for the integration of geographical elements into transportation planning and management. Traffic Forecasting : GIS tools can help predict future traffic flows based on historical data and trends.
Other reviews (prepared for decision-making versus attending for receiving information) are shared by the owners of each strategy element/pillar. For instance, COOs own the supply strategy, marketing the portfolio strategy, and so forth. Very few organizations regularly assess whether they are delivering on the strategy.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. The report outlines the tools with the highest transformational benefits and capabilities that are becoming standard business practices. Firefighting is the norm. Network Design.
Learn how to organize your data operations in alignment with supply chain strategy. Cloud-based supply chain management tools, the Internet of Things (IoT), artificial intelligence (AI) and machine learning are expected to figure prominently in future supply chain operations.
Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Market Intelligence: Suppliers often have access to valuable business and supply market intelligence, which can inform a company’s strategy especially in the area of direct spend.
And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking. At its heart a GTC is not just a governance tool, it is a critical tool for risk management.
Derek Gittoes, a vice president of supply chain management product strategy at Oracle, said “this is very much an estimate. For example, Oracle is using average emission from a 5-ton truck, or a bulk tanker. Oracle also offers a logistics modeling tool to look at how different policies would affect sustainability.
For example, Californias Advanced Clean Fleets Rule already diverges significantly from federal emissions policies, requiring logistics companies to navigate state-specific requirements ( Californias Advanced Clean Fleets Rule ). Public-private partnerships can emerge as a valuable tool for addressing shared challenges.
In our first post on the use of gamification as an employee attraction and retention tool, we shared a short definition and dove a little deeper on two of the three pillars of gamification, personal pride and socialization. Leaderboards on any manner of metric are an easy example of competitive gamification.
With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.
Another example is commuting. Over the years, AI capabilities for prediction, clustering, segmentation, and more have accelerated supply chain strategies, automating daily operations and augmenting data-driven intelligent decision support. The supply chain is no exception. These advancements have revolutionized supply chain planning.
The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.
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.
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. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If
Suddenly, the situation changes, whether because of a new company strategy, ever-present retail dynamics or possibly due to a completely new influencing factor. Both predictive and retrospective data analyses are key in making fundamental decisions and defining logistics strategies. WMS and WCS to implement a strategy for the peaks.
The challenges brought about by the pandemic made many rethink strategy when it came to inventory, stock on hand, secondary options and the ability to guarantee supply and resiliency. Self-distribution is an increasingly popular option for healthcare systems to consider when deciding how to manage their supply chain.
The supply chain design solution, for example, continues to grow in depth and usability. An example of this electronically automated process flow would be a buyer asking a supplier if they can provide 1,000 widgets on January 10 th , the seller replies “we can do 950 on July 11 th , is that OK?” Coupa meets this definition.
If you’re not employing a multichannel sales strategy, you’re clearly missing out. But what, exactly is a multichannel sales strategy, and is it worth the investment? Even if a brick-and-mortar store does not have an online sales strategy, it should be using a multichannel marketing strategy. What is a Sales Channel?
Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer. Speak with 3PL Links to maximize your fleets performance!
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 means security companies working in multiple states need to track different requirements in each state they operate in, leveraging software tools where needed to ensure compliance.
Longstanding weaknesses in the supply chain like port infrastructure, outdated supply chain strategies and impacts of natural disaster and wars have all further affected global supply chains. While the pandemic was undoubtedly the catalyst for recent supply chain disruptions it’s not the only cause.
It found that 61% percent of respondents in distribution and retail , and 41% of businesses in manufacturing are largely in wait-and-see mode as they watch the news and plan for a strategy. Let’s explore some example s. . This leads to insightful and resilient thinking. . – Tweet this.
It allows them to identify the right carrier service and optimal point of origin for every parcel delivery, seize the best opportunities to cut costs and scale shipping strategies, offset carrier capacity constraints and capacity-based surcharges, reduce costs with bulk shipping, improve returns processes, and more.
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.
Jackson Wood, director of industry strategy for global trade intelligence at Descartes. I had interesting conversations with Jackson Wood- director of industry strategy for global trade intelligence at Descartes, and Linda McKee – director of solution management for global trade services at SAP. Both are leaders in this market.
According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. This example illustrates why supply chain visibility isn’t enough. In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking.
One of the key strategies is leveraging embedded analytics within their ERP system to make faster data-driven decisions. Traditional business intelligence requires users to toggle between the business applications they use daily and the separate set of tools they use for data insights.
E-commerce was a rapidly growing area for the retailer, and with a relatively large SKU count (more than 10,000), its WMS was challenged to support strategies for handling the typical small orders, including: Zone picking and consolidation (either with unit sorter or put walls). Supply chain planning tools.
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