Sat.Apr 20, 2019 - Fri.Apr 26, 2019

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KPIs That Purchasing Executives Need

Silvon Software

Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble. There are many valuable metrics that can help you better assess your company’s performance at the sourcing / procurement level.

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Three common weaknesses in supply chain

Supply Chain Trend

In a recent Forbes article , three common supply chain weaknesses are highlighted: Being reactive rather than pro-active. Lack of visibility. Lack of accountability. The behavioural weaknesses – lack of pro-activity and accountability should be no surprise to me or the readers of my blog. As t he S&OP mindset study I conducted with Supply Chain Movement in 2017/2018 show similar results.

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What are You Doing to Control Spend?

EC Sourcing Group

Controlling spend is normally a top priority of procurement executives. I routinely ask this question: “What percent of spend flows through your systems?”. Under 50% is a common response. In studies that I have read, the best companies in the world have about 65% of spend under management. I believe the primary reasons fall into two categories: Systems in place.

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Quick Start Guide to Using Machine Learning for Demand Planning

ToolsGroup

Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. weather, social media). The good news is that these characteristics make demand planning a perfect fit for artificial intelligence solutions.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Head Scratcher

Supply Chain Shaman

Sweat ran uncomfortably down my back on a hot day in Dallas. On the run attempting to balance back-to-back meetings, client commitments and start a new business, I was late for a dinner appointment. As I hurriedly took my seat, I faced John, now a newly promoted principal at a major consulting group. He was my client for over seven years in my prior role as a Research Analyst at AMR Research (now Gartner.

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Enabling the Autonomous Supply Chain

The Network Effect

It’s difficult for us today to imagine the relentless backbreaking labor and the ever-present threat of disease and death that. The post Enabling the Autonomous Supply Chain appeared first on The Network Effect.

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Seeing the Future with Predictive Analytics

Enterra Insights

Humans yearn for a glimpse of the future. This yearning is why people visit oracles, study the stars, consult shamans, get their palms read, stare into crystal balls, turn over tarot cards, and/or study the writings of seers like Nostradamus. Business leaders are not immune to this compulsion; but, their methods for divining the future are different.

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Top Talking Logistics Posts & Episodes (Q1 2019)

Talking Logistics

Based on the top Talking Logistics posts and videos this quarter, it’s clear that transportation management remains a hot topic of interest — everything from how to navigate the twists and turns of the market to how to leverage transportation management systems (TMS) and emerging technologies to drive continuous improvement. Even our most popular post, which dealt with excess inventory and yard management, had a transportation bent to it.

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Fast Steps to E-Commerce WMS Success

GlobalTranz

Demands of consumers are expanding, and the capabilities within an e-commerce WMS will empower supply chains with more data and ways to connect to consumers. Supply chain leaders that wish to stay competitive with Amazon and Walmart need to understand the challenges of e-commerce and the steps necessary to guarantee e-commerce WMS success, such as.read More.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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For Cummins, PINC Yard Management System is a Game Changer

PINC

Bridget McCrea, editor at Logistics Management Magazine, brings to life an very interesting story about how trailer yards have become a vey important part of inventory visibility across the supply chain. To illustrate her story, she writes about Cummins, Inc. and how PINC Yard Management System was a game changer for the heavy manufacturing company.

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Walmart again Raises Chargeback Stakes

Enterra Insights

Walmart recently made headlines when it toughened delivery demands for its suppliers. Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. … Walmart also is changing how it penalizes suppliers when they make partial deliveries, an effort to make sure products are on shelves when needed, a parti

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This Week in Logistics News (April 22-26, 2019)

Talking Logistics

Have you seen the video of the chimpanzee using Instagram? Here it is in case you missed it: Here's a video of a Chimpanzee using Instagram. It's eye-opening. [link] pic.twitter.com/d9AjhfPNN1 — Daniel Sinclair (@_DanielSinclair) April 25, 2019. Honestly, this depressed the heck out of me. All of us, with smartphones in hand, swipe and click, swipe and click, mindlessly turning into chimpanzees.

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Never Ending Journey of a Private Label Manufacturer

Logility

I Love You, You’re Perfect, Now Change. A few years ago I saw the Off-Broadway musical, I Love You, You’re Perfect, Now Change. This simple but hilarious musical follows couples through stages of their relationship from dating, to marriage, to raising children and into the twilight years. The final scene highlights that an underlying feature of successful relationships is change.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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The Advantages and Benefits of Transportation Management Systems (TMS) *Infographic*

Kuebix

Challenges like the driver shortage, capacity crunch, increased final mile delivery expectations and rising freight prices have shippers looking for ways to improve their supply chains. The solution to these problems is to implement a transportation management system (TMS). A robust TMS can speed up logistics operations, reduce waste and improve the company’s bottom line. […].

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Global Fulfillment: Supply Chain Management for Global Business

ModusLink Corporation

After companies have secured a steady foothold in the domestic market, it’s time to consider the next strategic growth step: which, for many, is expanding the company’s reach globally. With so much to gain, companies must make sure their business infrastructure is ready to scale—especially the supply chain. Outsourcing supply chain management is a vital […].

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Three Ways Material Handling Equipment Is Changing with Rise of E-Commerce

Talking Logistics

As online sales become increasingly popular, the growth of e-commerce has impacted every part of the supply chain, and material handling equipment (MHE) and fleet services are no different. With more and more brands looking to develop their e-commerce capabilities, their needs for moving and handling inventory are shifting as well. For companies to meet the rising demand for direct-to-consumer orders, MHE offerings must become more innovative.

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A Look at Global Risks to Supply Chain

Material Handling & Logistics

"Increased exposure to labor exploitation, terrorism, corruption and natural disasters must be a consideration for companies making changes to their supply chain, and best practices must be maintained in order to prevent threats to business continuity," says BSI.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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6 Ways to “Go Green” With Supply Chain Technology

Kuebix

Sustainability initiatives and efforts to “go green” are trending through every industry and many are focusing on the supply chain. There are innumerable reasons why companies are prioritizing sustainability. These reasons range from everything from worries about climate change, the need to save money and streamline operations, to increasingly eco-friendly customer bases and the need to […].

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26 warehouse pros reveal the most important factors to consider when moving to an automated warehouse

6 River Systems

The world of logistics is increasingly driven by technology , with artificial intelligence, big data, the Internet of Things (IoT) and automation among the biggest logistics trends today. As warehouses embrace technology to optimize the supply chain and reduce fulfillment costs , many companies are considering making the move to an automated warehouse.

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Beyond the Go-Live: Providing Ongoing Value in Vendor-Customer Relationships

Talking Logistics

Companies invest considerable time and effort putting together request for proposals (RFPs) for software solutions, evaluating different features and functions, and ultimately selecting a solution. But what happens after the initial implementation and go-live is completed? How does the vendor-customer relationship continue to deliver value? That’s the main question I discussed with Stacie Vroman, Business Product Owner at BluJay Solutions , in a recent episode of Talking Logistics.

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Warehousing News Roundup: April 22, 2019

Stord

The use of predictive analytics in supply chain operations rose by 76% from 2017 to 2019 , according to survey data. 30% of respondents said they were using this technology today, compared to just 17% two years ago. This number will likely increase going forward – 57% said they aren’t using predictive analytics now, but plan to in the future. Warehouse construction in the United States finally outpaced demand over the past three months.

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Over the past several years, f ew topics have been as critical for global corporations as sustainability – investors, consumers, executive teams and other organizational stakeholders have realized that corporate responsibility doesn’t just build a better world, but also drives financial value.

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Put an End to Data-Management Woes in Your Supply Chain With MDM

Supply Chain Brain

As supply-chain design and management struggles to live up to modern-day business imperatives, enterprise decision makers have turned their gaze toward the inefficiencies plaguing it.

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5 Reasons That 3PL Companies are Looking for Blockchain Technology Partners

Shipchain

Shippers have traditionally turned to third-party logistics providers (3PL) to augment their logistics strategies. However, recent developments in the supply chain and globalization of the supply chain have triggered a surge of value-added services. Instead of merely providing logistics management and expansion of available capacity, today’s 3PL offers a whole host of additional services, including freight invoice auditing, claims management, warehousing and more.

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Fulfillment Center vs. Warehouse: How to Know Which Is Right for You

Veridian Solutions

The world of supply chain processes is evolving. The days of handling all needs in a warehouse are both inefficient and fail to meet customers’ basic expectation for omnichannel service. Supply chain leaders faced with the prospect of evaluating the use of a fulfillment center vs. warehouse need to understand the challenges in making a strict decision, their differences, and how to choose the right fulfillment facility for your organization’s needs.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Consumer Shopping Preferences are Driving Changes in The eCommerce Sector

Unleashed

In the last few years, the eCommerce sector has seen a shift in what drives buyer behaviours. Where previously consumers looked for quality packaging and fast delivery, they are now prioritising convenience, experience and quality when making online purchase decisions. The ever-changing perspectives on how consumers shop and interact with your brand are the reason there is a major push towards omnichannel strategies for businesses.

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Wearables in the Workplace: A Boon for Safety, or Intrusion on Privacy?

Supply Chain Brain

It’s been a rocky start for high-tech wearable devices for the consumer. But the supply chain offers a more fertile ground for growth.

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Building Your Own Supply Chain Network Design Team Isn’t as Simple as it Sounds

CHAINalytics

These days, most companies recognize the strategic value that supply chain network design projects can deliver, but when and how to initiate these large-scale projects are often open questions. To have the greatest impact on your supply chain network, the answer is to do them continuously. Unfortunately, however, most companies still rely on one of … The post Building Your Own Supply Chain Network Design Team Isn’t as Simple as it Sounds appeared first on Chainalytics.