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As a supplychain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. What Is Agile Procurement?
As your business grows, you supplychainsoftware will need to expand. You may opt to organize your business into an independent third-party logistics provider (3PL), or you may want to purchase software for tracking, monitoring, and processing all of your needs. 5 Pitfalls of SupplyChainSoftware Selection. #1:
Supplychain resiliency and sustainability are top priorities for CEOs today. To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains.
Supplychain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.
Speaker: Rod Robinson - SVP of the Supplier Diversity Practice, Insight Sourcing Group
Supplier diversity programs are impactful and effective tools in your business strategy because they guarantee a diverse supplier base and ensure inclusivity within your ultimate procurement plan. This session will also cover: How to widen your pool of potential suppliers to achieve stronger supplychain resilience and adaptability.
New technology can seem appealing until the process of incorporating it into existing methods becomes overwhelming and stressful. For the supplychain of a business, there is no room for error even when performing the initial steps, and other fears can further scare away potential users. Integration Capable Design.
However, mobile technology is not new to the transportation world. For mobile technology and transport, the theoretical tipping point is in our rearview mirror. Price points for hardware and communications have fallen, and the reliability and capabilities of mobile technologies for transportation have vastly improved.
History of SupplyChain Management. Over the last 100 plus years of the history of supplychain management has evolved from an initial focus on improving relatively simple, but very labor-intensive processes to the present day engineering and managing of extraordinarily complex global networks.
Among the new trends in manufacturing improving the industry, additive manufacturing and cloud-based systems will push manufacturing forward in 2017. Trends in Manufacturing: 5 Tangible Technologies are Shaping the Future of Manufacturing Now. In addition, cloud-based systems can manage whole-system solutions.
Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP
As a supplychain director, you want to ensure that your supplychain network can withstand any disruptions and be optimized for peak performance. The global logistics market is growing, and companies need to prepare for the next generation of supplychain management.
Blockchain technology is a major disruptor in the supplychain. It stands to change the game as we know it by giving companies a better way to ensure traceability throughout vast supplychain networks. In order to properly disrupt the supplychain of today, you need to know everything there is to know about it.
Supplychain disruption is a fact of life for every company that moves any type of product. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supplychain disruption, regardless of the source. A resilient supplychain may be stretched to the max, but it doesn’t break.
This post talks about DFMA (Design for Manufacture and Assembly) analyses as a way to be more efficient as a manufacturer. A thorough analysis of Design for Manufacture and Assembly (DFMA) is just one tactic you can use to find success within the constructs of the chain. It All Starts With a Design: What is DFMA?
Efficient management of transportation plays a major role in determining the success rate of an organization’s distribution system. Adoption of automated solutions by companies in such a scenario facilitates optimization of functional activities thereby expanding their line of operations and adding value to their supplychain.
Speaker: Michelle Meyer, Founder and CEO of MatterProviders
Michelle Meyer is the Founder and CEO of MatterProviders, and a supplychain professional of over 30 years. Fortunately, she's here to walk you through the future of supplychainstrategy and why your current approach is probably not working. Reshoring - it’s happening, and it’s only going to accelerate.
The list of relevant applications of the Internet of Things (IoT) era technology across multiple industries and market segments continues to grow. 11 Improvements by the Deployment of the Internet of Things in the SupplyChain. 11 Improvements by the Deployment of the Internet of Things in the SupplyChain.
Over the next two years, manufacturers are set to invest more than $250 billion in the Industrial Internet of Things (IIoT), and the use of technology to improve manufacturing will only increase. Let us take a closer look at some the advanced manufacturing technologies set to define the state of manufacturing throughout 2018.
Supplychain industry leaders have access to more information today than ever before in history. Thanks to data gathering programs, supplychainsoftware , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency.
Supplychaintechnology is a difficult, exhilarating topic to cover in detail. Supplychain managers will focus on several key supplychaintechnology implementations or considerations which will impact consumer spending habits, consumer-business interactions and performance measurement.
Speaker: Trish Uhl, Founder of Owl's Ledge LLC and the Talent & Learning Analytics Leadership Forum
Join Trish Uhl, creator of the Learning Systems Engineering Framework™, as she shares secrets from the playbook she crafted to address these challenges while consulting on a global supplychain standardization and digitalization traceability project for the world's third largest food manufacturer.
Our previous discussion on augmented reality revealed a new trend in supplychain management , the use of computer-simulated imagery to enhance production and efficiency. However, artificial intelligence is poised to radically change the supplychain in profound ways. Artificial intelligence is everywhere.
Logistics professionals require exemplary international online logistics tools to help them carry out their daily businesses with ease and deliver the best for their customers. For any developing business, adopting the widely used and affordable technologies is more economical. Top 8 Online Logistics Tools For Logistics Professionals.
However, one thing that should come to mind is the prowess of the retail giant’s supplychain excellence. million employees without a focus on good supplychain management. ” The Key’s To Walmart’s SupplyChain Management Excellence over the Year. ” Walmart states early on.
Supplychains are messy. Blockchain in SupplyChain Can Help. WHITE PAPER] The Top SupplyChain Trends that Will Impact SupplyChain Management in 2018. The inefficiencies that plague supplychains have seemingly been around forever. Blockchain in supplychain changes that.
When it comes to warehouse management, constant evaluation and adoption of crucial technologies is critical so as to improve profitability and stay competitive. Today, warehouse managers have a wide array of technologies to choose from as they strive to reduce costs, improve efficiency and streamline operations. Pick-to-Light Systems.
Gartner defines the IoT as “…the network of dedicated physical objects (things) that contain embedded technology to sense or interact with their internal state or external environment. Of course, many of these things have long been connected to the Internet – the phones, the computers, the alarm system.
The use of cloud computing in supply change management is not some dark, forbidden territory any longer. The cloud is making new, innovative transportation management systems (TMS) available to more shippers. In some cases, the cloud is taking on the human responsibilities of retiring experts in the supplychain.
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.
The supplychain is an industry transformed by socio-economic growth and the day-to-day behavior of consumers. In a time where rapid advancements in technology occur daily , the logistics behind supplychain management are also changing. Multiple Platforms. Online Shopping.
In this blog, Kristen discusses how revenue growth is tied to digital supplychains. The Center for Global Enterprise releases new research suggesting revenue growth at the hand of improved digital supplychains. The paper presents evidence from 24 top executives running the world’s largest supplychains.
White Paper: Hidden Risks and Costs in an Offshore SupplyChain. In fact, our friends over at the Rodon Group, with whom we’ve started an ongoing blog collaboration, starting with this post and more to come, have written a White Paper entitled, “ Hidden Risks and Costs in an Offshore SupplyChain.”
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article is from Alfred Hille at Descartes, and looks at supplychain resilience during waves of disruption. SupplyChain Resilience Threats.
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?
With the purpose of optimizing supplychain efficiency and asset recovery rates, reverse logistics management has increasingly become a tool that positively impacts profitability as well as assisting an organization in meeting sustainability goals. A synchronized global system.
In the shipping and manufacturing industries, that same “worldwide web” is now being deployed to encourage more energy-efficient operational and communication strategies for a low-carbon economy, thanks to IoT Tech. IoT Tech is Driving Sustainability in the SupplyChain.
The costs of logistics and inventory are decreasing, contract renewal rate for logistics outsourcing remains good, and the emergence of cutting-edge technologies like 3D printing, drone delivery and augmented reality is opening up a wide vista of opportunities. This means investing in emerging markets and new technologies.
Lean systems have provided a formidable operating strategy for leaders determined to achieve and maintain optimal operational systems and customer satisfaction levels. Overhead costs are excessive (due to systemic disorder). Delinquent and/or low quality suppliers remain in the supplychain.
For Cerasis, a 3PL is any company that provides technology or services to carry out any of the functions of the supplychain. Then there are other types of 3PLs, like service supplychain solutions from our friends at Flash Global who serve the high technology sector for after sales service.
This oft used adage is shaping the collaborative supplychain management: “The enemy of my enemy is my friend.” Ironically in the supplychain, this saying remains true. Let's take a closer look at how collaborative supplychain management is continuing to become a key factor in efficiency through three totems.
In part 2 of the 3-part series, Jake discusses the new technologies that are introduced and how they effect your distribution system. New Technologies Waiting in the Wings. There are several new technologies that have either already impacted distribution or will soon do so. The Synchronized SupplyChain.
That’s why we’re pleased to announce an upcoming webinar that will explore how shippers gain actionable insights from freight analytics. FreightWaves SONAR has been developing an innovative consortium designed for shippers, by shippers. That’s what we’ll be exploring in this must-attend webinar ! What is SCORE? The goal?
Swisslog has announced they will be hosting a webinar on May 12, 2020 focused on rising to the challenges of e-grocery fulfillment. As the world responds to the COVID-19 pandemic, grocery supplychains are being pushed beyond their limits. However, when we return to normal, many will opt to remain e-grocery customers.
However, modern technologies are dramatically changing procurement trends and how procurement professionals operate and their role in the company. Why Is Technology Driving Procurement Trends and the Role of Procurement? How Is Procurement Gaining a Larger Following?
In part 3 of the 3-part series, Jake discusses the New Distribution System and where the industry is headed. The New Distribution System. Technologies such as RFID tags are already being rolled out and used wherever their application can save money. Software will re-optimize the list so the robot makes as few trips as possible.
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