Obstacles to Multi-Tier Supply Chain Visibility!

A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier Supply Chain visibility.

With so many companies feeling the urgency to build resilience and better manage risk, with all the growing pressure to operate sustainability and with greater transparency on how and where products are manufactured and sourced, and with today’s ease and ubiquity for connectivity and information at one’s fingertips, what is preventing supply chain visibility?

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A Guide to Choosing a Blockchain Development Provider!

Blockchain is the hottest topic in today’s tech world. Being a decentralised digital ledger that eases and speeds up transactions, blockchain has long been associated only with the crypto market. However, blockchain development is now used in various industries and helps companies reach the next level of transparency, safety and speed.

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Elevating the Retail Experience: Harnessing the Power of Digital Signage!

To make shopping more fun and engaging, stores use cool digital signs. These signs are very high-tech and have changed how shops work. Stores that mix tech and normal shopping are now what people want. They want the shopping experience to be all about them.

Nowadays, digital signs let shops connect the real and digital worlds of shopping. This makes shopping more fun and competitive. Which means it’s all about having fun and tech-filled shopping trips!

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The Metaverse and the Digital Supply Chain!

One of the terms that has entered the zeitgeist, holding the promise of providing some exciting new future state, is the “Metaverse”.

For some time we have also been describing a future that will define much of how businesses and economies and institutions will run in the future. We call this the “Digital Supply Chain”

What exactly is the Metaverse and how does it compare, contrast or align to our vision of the Digital Supply Chain? And what are some possible applications of these 2 intersecting technological paradigms?

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Blockchain Continues to Make its Way into the Supply Chain World!

A few months back, we wrote about how Blockchain continues as an emerging technology and tool for Supply Chain transparency.

It’s a pretty incredible technology that stands to reshape big aspects of the economy in general and Supply Chain in particular – but it’s also pretty difficult for the common person to understand, which doesn’t help matters.

But Blockchain is coming, and it offers the potential to shake up Supply Chain and Logistics like few other technologies coming down the pike.

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10 Technologies To Change Your Life!

Forget about that connected fridge you’ve had your eye on. Put that smartwatch up on eBay. The world is already a lot more connected and complex than GE’s product line could have ever predicted with technologies to change your life.

In the next few years, the technologies you’ve taken for granted, and the ways we interact with them, are going to change forever—and rework our lives along the way. Allow me to introduce the Internet of Things (IoT), the biggest agent of change in technology since the Gemini space program of the 1960s.

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Virtualization vs. Cloud Computing! (Infographic)

For non-techies, it can be easy to confuse virtualization and cloud computing, and figuring out which is the best option for the business is a whole other challenge.

Fortunately, this handy infographic guide explains the two and lays out their benefits in plain English.

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Efficient Record Keeping: A Key Pillar in Modern Supply Chain!

Efficient record keeping stands as a fundamental component of a robust supply chain. In an era where timeliness and accuracy are not just expected but demanded, the capability to track inventory, orders, and shipments is paramount.

This meticulous approach to data management enables businesses to meet customer demands with precision, adapt to market changes swiftly, and maintain a competitive edge.

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Waiting for Good Forecasting is a Bad Strategy!

If you work in Business or Supply Chain you feel the results and the immense pressure caused by inaccurate forecasts. You don’t believe that good forecasting even exists.

When customer demand exceeds forecast you are scrambling to get parts and materials, to secure capacity, and to expedite the movement of goods throughout the Supply Chain. When demand falls short of forecast you are left with too much inventory, excess capacity, under-utilized resources, and profit and cash flow pressures.

If only the planning people could forecast better all would be right with the world. But waiting for better forecasts is a bad, and a lazy approach.

It is much more important to create a more robust and resilient Supply Chain to dynamically respond to any fluctuations in forecasted demand.

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Collaborative Robots: Making Manufacturing Jobs More Valuable

First, a “Prime Objective” of the Shasta EDC is job growth in the manufacturing and technology sectors, including the use of collaborative robots. This is our key focus. However, the recruitment, retention, and expansion of our companies is equally important.

There is obviously a symbiotic relationship between employer and employees. However, from time to time there are talent gaps that emerge and technologies that force us to rethink our approaches to business.

Data shows that the number of manufacturing jobs are declining, and the jobs that remain are shifting to a mixture of the traditional and tribal knowledge around manufacturing and a blend of technical knowledge that helps to augment current manufacturing with the practical application of emerging technologies.

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The Control Tower – Is Yours Real or Smoke and Mirrors?

The advancement of digital technology enables the real-time, intelligent management of the Supply Chain.  This now means you need a Control Tower.

But any company’s Supply Chain can still involve tens of thousands of skus, thousands of bills of material, thousands of suppliers, hundreds of transportation vendors, dozens of manufacturing facilities and distribution centres, and numerous customers.

So even if you have a Digital Supply Chain how do you manage this complexity?  The answer is that you need a Control Tower!

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What are the Key Digital Strategies in Logistics?

Supply chain software is a game-changing tool that offers immense opportunities for growth and success in the transportation services market.

Nevertheless, the supply chain industry faces various challenges that can be effectively addressed through the utilization of high-performing software solutions. Below are some common problems in supply chain management and how they can be mitigated with the assistance of software solutions and digital strategies in logistics.

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Top 10 University Supply Chain Management Programs

The world is becoming increasingly interconnected, and supply chain management has become a critical aspect of business operations. With the rise of globalization, businesses need to have an efficient and effective supply chain to succeed in the global marketplace.

As a result, universities around the world have developed supply chain programs to meet the growing demand for supply chain management professionals.

In this article, we will rank and describe the top 10 university Supply Chain management programs in the world.

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Industry 4.0 – Smart Manufacturing of the Future! (Infographic)

Since the term Industry 4.0 was first coined by the German government in 2011 it has steadily gathered pace and interest from companies across all industries.  This infographic from 2Flow takes you through how much it has grown and how much it is expected to grow in the years to come.

Industry 4.0 is a far cry from what has come before it and data analytics is at the heart of it.  In all supply chains, companies are always looking for ways to make it more efficient and digitization is more often than not the answer – which makes Industry 4.0 the answer.

So what can Industry 4.0 accomplish?

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Blockchain in the Supply Chain is a Game Changer!

The application of blockchain in the supply chain is among the greatest innovations to take root in the shipping industry.

The application of blockchain holds promises to increase visibility, renew viability, reduce inconsistency, increase payment processing accuracy, and eliminate compliance problems.

Even though the technology is still new, its potential cannot be ignored, and supply chain executives need to know why.

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