Not quite the same as finding some change under the cushion of your couch or a bill in an old pair of jeans, but it can be almost as easy to find ways to save money in your supply chain. No, really! There are a number of unexpected opportunities and sources to save millions annually, […]
There are so many logistics providers that it can get overwhelming for almost anyone in search of the best for their company’s needs. In fact, there are 5 different types: 1PL, 2PL, 3PL, 4PL, and a new (and much debated) 5PL, which deals in e-business.
Companies hold an obscene amount of data, from addresses and phone numbers, to job titles and transfers. Most think that doing one good clean out of unused data will get rid of it, but this is not the case. Over time, data decays and takes up space making company transactions less and less successful.
More and more companies are “going green” to save money while logistics expenses are continually growing. One very simple and important process to implement is returns management. While eco-competition keeps growing and environmental regulations are becoming stricter, more companies are adding returns management.
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 […]