Supply Chain as a Service: What You Need to Know
August 30, 2023 | Supply Chain Strategy
From procurement and inventory management to fulfilment, logistics and distribution, supply chains have become increasingly complex yet vital for all businesses today. And as uncertainty continues to increase, there is an immediate need to streamline supply chain operations.
While many businesses understand the importance of leveraging technology in this endeavor, they do not have the required capabilities, resources and infrastructure.
The presence of multiple stakeholders in supply chain operations further complicates their problems.
How E-Logistics is Improving Supply Chain Efficiency
August 22, 2023 | Supply Chain Strategy
E-logistics, also known as e-commerce logistics, involves harnessing the internet and digital technologies to oversee the transportation and distribution of goods.
As businesses increasingly adopt digital tools to bring efficiency into their logistics and supply chain management efforts, e-logistics has evolved to encompass technology-driven solutions for inventory management, warehousing, storage, pickup and delivery services, as well as the optimization of customer experiences and expectations.
Inventory Reconciliation: A Step-by-Step Guide
August 17, 2023 | Inventory Management Software
As a business owner, can you ensure that your customers get what they need when they need it? Do you always have sufficient inventory on hand to meet demand?
Many a time, there is a discrepancy between inventory count on record and the actual stock in the warehouse. This can be embarrassing, especially if you have to fulfil a large order.
Sourcing Diversity: Beyond the Usual Suppliers
August 14, 2023 | Supply Chain Strategy
Sourcing diversity has become key to strategic fortification amid uncertainties in supply chains.
Drawing from a narrow, homogenous supplier base can bottleneck an organization’s potential for innovation and resilience.
Working with suppliers from various backgrounds, including minority-owned businesses, different global areas, and a range of industry sectors, provides an array of fresh perspectives and solutions. Each supplier, with its distinctive vantage point, can challenge conventions and introduce non-traditional methodologies.
Supplier Capability Assessment: Beyond the Basics
August 14, 2023 | Supplier Management Strategy
Supplier capability assessment or SCA is not merely another tick on your procurement checklist. It is the backbone of strategic procurement , ensuring your supply chain partners are not just capable, but are also a strategic fit for your operational goals.
Customer First: Steps To Build a Customer-Centric Supply Chain
August 07, 2023 | Supply Chain Software
The factor that separates supply chain leaders from the rest is that they create strategies and processes keeping their customers’ needs as central.
Today’s customers know better, expect better. Supply chain leaders know this. They are also aware of the importance of creating deeper trust and connectedness with the customers. Therefore, offering stellar customer experience has become a priority.
Order Cycle Time: How to Optimize This Key Performance Indicator
August 07, 2023 | Supply Chain Strategy
In a competitive and changing business landscape, companies must periodically measure and review their operational performance. They must also identify potential bottlenecks and look out for any opportunities to improve processes.
Measuring the order cycle time is a vital part in this process. In fact, this is an important key performance indicator (KPI) that must be tracked regularly in order fulfilment.
How Internet of Packaging is Making Supply Chains More Transparent
August 04, 2023 | Packaging
The packaging industry is evolving fast, thanks to emerging technologies. For starters, packages can now communicate with the outside world.
Known as the Internet of Packaging (IoP), it’s a network of unique packaging that communicates continuously, with each package having a traceable identity that can be updated throughout its lifecycle.
A Guide to Omnichannel Transformation in the Pharma Industry
August 04, 2023 | Pharma and Life Sciences
Omnichannel transformation is a way of doing business that integrates various processes and technologies around a customer-centric operating paradigm. It enables businesses to handle growing complexity, deliver better customer service, and control operating expenses.
Global Supply Shortages Fell to Their Lowest in June since January 2020
August 01, 2023 | Supply Chain Strategy
Worldwide supply chain spare capacity rose for the third successive month in June, remaining at the highest level since the zenith of the pandemic in May 2020, according to the GEP Global Supply Chain Volatility Index, a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses.
