A survey found that there has been a huge incline in the use of advanced analytics and more companies are putting much more faith into the numbers it provides. The Accenture survey of 600 business executives, with titles of director or above, found that the use of predictive analytics has sharply risen since 2009, since the last […]
Every company is in search for better supply chain optimization. One of the main reasons that a supply chain is not running at its best is information or system based lead time, or the amount of time it takes for information to be shared between partners. Long lead times can lead to several problems in a […]
Predictive analytics has been around for a long time. Because of its costs and complexity, adopting the technology to analyze predictive data has not been commonly implement into many companies. Now with Big Data, times are changing. The adoption of big data is more affordable and more necessary and advantageous than ever for competing with other […]
Nowadays, everyone wants more. More technology, more time, more money, more customers, more, more… But in supply chain planning, the answer to the question of how to get more is actually much less. To hopefully get better collaboration with supply chain partners, most will give as much data as possible to hopefully help with calculating […]
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 […]
Personal and professional use of social media is on the rise. Companies of all sizes are jumping on the social media train, utilizing it as an inexpensive way to advertise products and services, interact with customers, and help their business stand out from the competition. As this article is written, Coca-Cola has over 57 million “likes” on Facebook and over 657,000 followers on Twitter. You would have a hard time finding any prominent business or brand without a strong social media presence.
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 […]