Supply Chain Management Archives - Page 3 of 14

The Role of Advanced Telematics in Modern Supply Chain Optimization!

The Supply Chain Renaissance Has Begun!

The world of modern commerce continues to move at break-neck speed, and supply chains play a pivotal role in ensuring that goods are efficiently transported from manufacturers to consumers. With the rise of e-commerce and global trade, the demand for seamless and optimized supply chain operations has become more critical than ever.

Amidst these challenges, the integration of advanced telematics platforms has emerged as a game-changer, offering businesses the tools they need to navigate the complexities of the supply chain landscape.

Why Good Logistics Must Be at the Heart of All Supply Chains!

What is Logistics Exactly?

Whether it’s a supply chain or a supply web, the logistics and transport your business has in place will determine whether your supply chain is a hindrance or a help. All businesses need to get supplies and raw materials in and ensure that their products are delivered as efficiently and effectively as possible.

This article details, in brief, some of the most pertinent considerations for a good logistics solution that will work for your business.

The 2 Main Reasons Why Future Supply Chain Progress or Improvements Will Fail!

Supply Chain’s Moment of Truth Has Arrived!

Having come through the Coronavirus pandemic, most people will have felt the impact of Supply Chain failures.

For consumers they will have seen empty store shelves and either an inability to get goods or at a minimum delays in getting deliveries. For employees, at a minimum they will have experienced stressful working conditions to resolve issues, and at its worst they will have lost their jobs or even seen their companies fail.

All of this implies that making improvements and Supply Chain progress is necessary and eventual. However there are 2 pivotal factors that will almost certainly lead to the failure of organizations to improve their Supply Chains in any respect.

Supply Chain Trends this Year and Beyond!

10 Catastrophic Man-Made Supply Chain Disasters!

Like other sectors, the global supply chain industry has evolved rapidly. The preceding pandemic, coupled with breakneck technologies, has brought unignorable changes in Supply Chain trends.

New and existing geopolitical conflicts, climatic changes, inflation, recession, and other unforeseen issues affect access to goods and how goods reach their final destinations.

There’s a need for the introduction of modern strategies to manage and build resilience in supply chain functions. Below are emerging Supply Chain trends poised to disrupt the environment this year and beyond.

The Importance of Whole Life Insurance for Supply Chain Employees!

How to Get a Life Insurance License!

In the dynamic sphere of supply chain management, employees play a pivotal role in ensuring the seamless movement of goods and services. In their complex roles, ensuring personal and family financial security becomes vital for supply chain professionals. It is where whole life insurance comes to the forefront.

Whole life insurance goes beyond the usual coverage, providing special advantages suited to supply chain employees’ unique circumstances. It offers tailored benefits that address the specific challenges in their demanding roles.

In this article, we examine why whole life insurance matters for supply chain workers. We explore how it helps them feel financially stable, manage uncertainties, and ensure lasting tranquility.

The Rise of Artificial Intelligence in Supply Chain: Trends and Best Practices!

How Artificial Intelligence Benefits Logistics and Supply Chain!

In today’s hyper-connected and rapidly evolving business landscape, supply chain management has become a critical determinant of success. Efficient supply chain management can help businesses reduce costs, improve customer satisfaction, and gain a competitive edge.

One of the key drivers transforming the world of supply chain management is Artificial Intelligence (AI). AI is revolutionising how companies plan, execute, and optimise their supply chain operations.

In this article, we will delve into the rise of Artificial Intelligence in supply chain management, explore the latest trends, and highlight best practises that are reshaping the industry.

The Need for Speed in Supply Chain!

The Agile Supply Chain! Why Agility is Trumping Lean!

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You can try and blame the need for speed on Amazon, with two-day delivery becoming one day and even same day in some instances. But all they’re doing is perfecting what we all want – immediate gratification. The double whammy of the Amazon Effect- and the COVID-19-induced exponential eCommerce spurt is pulling us along at a faster pace than we ever envisioned.

The quest is not new, it’s just now entered onto everyone’s radar. It’s been accelerated. With eCommerce growing more in three months than in the previous ten years, the pressure is on for companies to get moving, regardless of industry segment or business model – we are all affected.

5 Data-Driven Ways to Improve Supply Chain Performance!

How to Leverage Data Science in Supply Chain!

Data-driven business practices permeate industries and departments and have become one of the biggest competitive advantages today. The level of knowledge businesses can extract from their own internal and external operations makes it possible to make informed decisions that will boost growth on multiple levels.

The situation is no different when it comes to supply chain management. This business area produces massive amounts of data coming from customers, suppliers, inventory, and more, and it can greatly benefit from a data-driven approach.

But how do you get started and what is the best way to go about it?

The Supply Chain Progress Poll! Denial or Action and Innovation?

Supply Chains Are Broken. Denial Will Kill Your Company!

As pandemic related restrictions are lifted in our personal and professional lives, the key question is what will our lives be like? What will our new normal be? How will Supply Chain progress?

The level of Supply Chain disruption has been pervasive, unrelenting and indiscriminate. Still there is a danger that once we get past the pandemic people will just go back to their old ways, ignoring all of the signals that things need to be improved.

As such we conducted a poll to determine how Supply Chain progress will be manifested in the future. Will companies be in denial and make no improvement or will they understand the lessons of the pandemic induced disruptions and work to make major improvements?

The Nature Positive Supply Chain!

The Ocean Plastics Environmental Crisis!

There is a lot of information floating around in the media about the environment, climate change, sustainability, pollution, nature preservation and more. It cannot be understated how important these topics are to our present and to our future.

But a phrase that recently caught my attention from the World Economic Forum (WEF) was the “Nature Positive Economy”. That sounded like phrasing that would capture the interest of environmentalists and business people alike.

What did they mean by a “Nature Positive Economy”? And given that nothing can happen without a leading and supportive Supply Chain, by extension what is a “Nature Positive Supply Chain”?

Why ERP and PLM are No Longer Standard SCM Software!

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For decades, forward-thinking supply chains were defined by how robust their investments into Enterprise Resource Planning (ERP) and Product Lifecycle Management (PLM) was. In the early days of supply chain digitization, these SCM software systems provided increased visibility and data pools to improve supply chain operations.

As time has gone on, antiquated ERPs and PLMs have become a drain on supply chain resources and a bottleneck to scalable digitization. As we look forward to the next-generation of the digital supply chain, businesses will need to invest in configurable supply chain management platforms to unify their current tech stack or displace investments into legacy systems.

Let’s define these three terms to create a clear understanding of what each system includes.

Growing Significance of Supply Chain Education in Today’s Job Market!

Supply Chain Education and Certification – What’s Missing?

Supply Chain Management is one of the essential mechanisms that help to make things work for basically any industry. It is the set of standards and tools that help establish certain bonds and logistics that help customers make correct decisions and purchase products at lower costs.

It happens because of an efficient solution provided by marketing specialists and analysts offering appealing proposals.

The challenging part is to teach future experts as they take an interdisciplinary approach to supply chain management.

Supply Chains Are Broken. Denial Will Kill Your Company!

The Supply Chain Renaissance Has Begun!

I recently saw the headline for an article which said that Supply Chains are NOT broken, but rather it is just a demand planning issue.

I couldn’t believe it. The author must have either a very narrow view of what Supply Chain is, or be oblivious to what has been going on in the world.

It is this very head-in-the-sand thinking and denial, and the resultant inaction which will ensue, that will kill companies in the future. Supply Chain’s Moment of Truth has arrived!

The Clothing Supply Chain: From High Fashion Runway to Landfill!

Food Waste and World Hunger – The Food Supply Chain is Broken!

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Every 3-6 months my wife and I accumulate a bag full of clothing that we no longer wear. We take it to the local Goodwill or Salvation Army. In our minds we believe that we are contributing to help those who want gently used clothing. We didn’t realize we were a part of the Clothing supply chain.

I expect that many of you do the same. You either make donations to these or similar institutions or you avail yourself of used or second hand items that are for sale at numerous outlets.

There is an extraordinary amount of time and money spent on new clothing. But only a small portion of that ends up being recycled and repurposed. In the U.S. alone over 2.5 Billion pounds of textile waste is generated each year and 85% of that goes into landfills!

And did you know that the clothing and textile industry is the second largest polluter in the world?

What exactly is happening in the Clothing Supply Chain?

Supply Chain Woes with Inflation Rising … What’s Next?

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Companies rely on supply chain management to reduce costs and increase their production cycle. Sadly, with the advent of the Covid-19 pandemic, many global organizations had to rethink their supply chain strategy with inflation rising, especially those who depended solely on China for their requirements of raw or finished materials.

For getting the final product from its original source to the customer, there is an involvement of different persons, resources, and activities to ensure that the link does not break down and companies are able to fulfill their contractual obligations timely.

Unfortunately, the transmission of the virus changed everything.