Articles
Supply Chain Management
Materials Management: Definition, Process, Benefits
Materials management is an aspect of supply chain management and planning. The primary purpose of materials management is to ensure that manufacturers have all the raw materials they need to make goods. Materials management also focuses on ensuring that no components are wasted and optimizing inventory maintenance and management. While materials management requires understanding what […]
Read MoreAcing the Back-to-School Season
These stats on school supplies reveal getting straight A’s in back-to-school supply chains is a yearly test.
Read More“Make, Move, Sell” Companies Shift Business Models: Necessity Begets (Re)Invention
With the adage “necessity is the mother of all invention” as a guide, businesses are embracing change and cultivating innovation in response to continued supply chain turmoil.
Read MoreSupply Chain Leaders Reconfigure Distribution Networks
Given everything that has transpired across the globe over the past two years, supply chain leaders are evaluating and executing changes to their supply chain/distribution networks as well as their sourcing and manufacturing strategies.
Read MoreInflation Innovation Stagnation
Achieving demand-driven enterprise status would have been impossible without the innovative technology-driven processes brought to bear on how we source, ship, and fulfill product, all while meeting evolving customer needs and demands.
Read More5 Ways to Prepare for Supply Chain Disruptions
If we’ve learned anything during the past two years, it has been about market disruptions—even to the point of the disruptions being disrupted. While accurate crystal balls are tough to come by, let’s explore five trends and how they may provide clues to solve for continued supply chain disruptions.
Read MoreReal-time Data Isn’t the Only Thing Supply Chains Are Missing
Before the polar vortex in Texas, the biggest logjams at the Port of LA, and the start of the Great Resignation, McKinsey found that major production disruptions were estimated to occur every 3.7 years. In the months since, it has become clear these incidents are far too common to be referred to as black swan […]
Read MoreHow Strong Trading Relationships Help Win and Retain Customers
The most effective supply chains are built on a firm foundation of cooperation between suppliers and distributors. Strong trading relationships have a significant impact on just about every measure of performance: customer service, transportation and storage costs, risk, forecasting, lead times, and even product development. The best way to ensure that your supply chain is […]
Read MoreWhat’s the Word: the Language of Logistics
Load Balancing To load balance inventory means to distribute inventory across a network of warehouses with the main purpose of positioning inventory closer to the end customer prior to purchase. Retailers load balance inventory to reduce last-mile costs and ensure faster delivery. When leveraging a well-balanced network, it also allows for redundancy in their supply […]
Read MoreHow Location Intelligence Improves Supply Chain Management
The effects of the pandemic have strained the global supply chain, resulting in manufacturing and shipping delays that impact nearly every business that receives goods or ships products. It’s clear that supply chain management now requires an increasingly digitized strategy. That’s why companies should use real-world data, like location intelligence, to enhance their supply chains. […]
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