Tag: supply chain

Top 3 Reasons Shipper’s Visibility Isn’t Good Enough

Top 3 Reasons Shipper’s Visibility Isn’t Good Enough Despite a variety of visibility options available to Shippers, many claim the visibility they have is not good enough to meet their needs. When you unpack the reasons why, a clear pattern in their responses emerges. These are top 3 reasons they cite: 1. It’s not actionable – Many early adopters of ‘off the shelf’ or DIY visibility solutions have come to know that a blinking dot…
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Supply Chain Risks Insight and Management

Supply chain risks are everywhere, waiting to cause the next business disruption.  Supply Chain risks include any event or activity that can affect the timely production, transportation, quality and delivery of goods in safe and saleable condition, or affect the costs of production, transportation and storage, or disrupt other elements of the planning and execution of those activities.  In addition, there are risks regarding human safety, legal and regulatory issues, intellectual property rights, counterfeit products,…
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The Importance of Inventory Management in Supply Chains

The management of inventory is necessary for any company so that excess stock is not stored at the company while simultaneously ensuring demand for customers is met.  Trying to balance the demands of customers can be difficult to forecast resulting in inaccuracies caused by evolving trends, variability in customer preferences and the need to maintain sufficient supply of materials and goods to buffer variability.  The optimal balance however, is often achieved through properly planned and…
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Digital Supply Chain and the Data Dilemma

The ongoing data dilemma and fear of “garbage-in garbage-out” is alive and well.  Enterprises working earnestly to solve this problem realize it’s even harder with the emergence of the Digital Revolution, IoT, Predictive Analytics, Machine Learning, and Embedded Software technologies.  These technologies explode massive amounts of data upon business and consumer ecosystems alike requiring new levels of discipline and technical innovation. Successful businesses need to effectively harness, cleanse, and manage massive amounts of data to…
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Managing an Optimal Order to Cash Process

Receiving orders and receiving cash is the lifeblood of a profitable business.  However, the activities between the time the order is received to actually receiving the promised cash in the bank account is a process ripe with risks and opportunities.  There have been many years of conversations regarding Lean in supply chain and logistics management.  An area that should be examined as part of Lean is the order to cash cycle (O2C).  This cycle is…
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