In a survey of 250 senior supply chain and distribution managers, it was found that each average mis-pick costs a company $22, and that more than half of the companies have a mis-pick rate of less than 97%. This adds up to an average of just under $390,000 per year. Additionally, 19% of those surveyed […]
In the past several years, the economy made it very difficult for most companies to put any extra revenue back into their business in the form of technology and other modernization for their logistics or supply chain operations. The economic tide is now beginning to turn. Because of this, to keep their business competitive or […]
Because of the regularly increasing costs of logistics, a surprising number of manufacturers are unsure of their company’s logistics costs. A recent survey conducted by BVL found that up to 14% of the survey’s respondents could not guess their logistics costs. With costs being up to 6% of revenue, this is a concerning problem.
When it comes to e-commerce and online retailers, it can be difficult to have an organized fulfillment strategy. Even worse, having a rapid and flexible supply chain during a retail flash sale is nearly unattainable without the proper knowledge and solutions. In the video below, Omer Rashid, the manager of Exel Canada’s solutions and engineering […]
A supply chain is very complicated. Thinking about how a package gets from place to another seems like a relatively easy concept, but as we all know, it isn’t. Managing a supply chain that is consistently performing at its peak is even more difficult, between warehousing, 3PLs, inventory, transportation, and global logistics operations, just one piece […]
Technology is rapidly changing and upgrading, and this happens so much faster within a supply chain. You’d assume that if your company’s supply chain has the latest gadgets and know-how and staying ahead of the competition that it would be considered a “Company of Tomorrow”, right? Not necessarily, says Tony Martins, VP Strategic Services at […]
It was a very busy time of year last month for supply chains, keeping the shelves stocked and delivering packages to businesses and houses across the country.
If you are in supply chain, you know that the only way for it to survive is to get inventory from one place to another in time for regular sales and for floods of seasonal sales. It is also important to be able to predict the appeal for these seasonal items. Just the rules of […]
In an SAP High Performance Analytics “Monday Metrics”, they focused on analytical abilities and the effect of big data in business. They asked:
We all hope it will never happen, but if not carefully planned and systematically obeyed a company’s logistics can be affected by an emergency situation. Such events such as employee strikes, weather, and terrorist attacks can disrupt and stop freight and delay customer shipments.