Harnessing the Potential of Spend Data
SupplyChain
by Adam Scott
17h ago
Spend data, often likened to “black gold” within an enterprise, is a rich source of knowledge that can be leveraged to improve procurement operations. Leading procurement departments have been utilizing spend analysis for over a decade to gain a comprehensive understanding of their organization’s spending habits, trends, and patterns. This understanding enables them to make informed decisions about future spending strategies. Spend data is akin to an untapped oil field within the enterprise. Its true value is realized when it is extracted, refined through cleansing and classification processes ..read more
Visit website
Balancing Sustainability and Profitability in Returns Management
SupplyChain
by Adam Scott
17h ago
Returns management is a complex issue for retailers, with implications for both profitability and sustainability. This article explores how retailers can navigate this challenge, focusing on strategies that increase efficiency, reduce waste, and enhance customer satisfaction. The Challenge of Returns Online returns are a significant issue for retailers, with a staggering 30% of online purchases being returned on average. This rate is more than triple the return rate of traditional brick-and-mortar stores. The implications of this trend extend beyond the financial impact on retailers, contribut ..read more
Visit website
A Fresh Perspective on AI in Logistics Technology
SupplyChain
by Adam Scott
17h ago
Through the years, plenty of technologies have been praised as game-changing, yet often they don’t deliver on those big promises. However, Artificial Intelligence (AI) is a notable exception, making a real and significant impact already. The Skepticism Surrounding New Technologies Professionals in the transport and logistics sector are known for their skepticism. This trait, whether inherent or learned, has been reinforced over the years by a series of overhyped technologies. From extensible markup language (XML) in the 1990s, RFID in the 2000s, to blockchain and IoT in the 2010s, many technol ..read more
Visit website
Global Supply Chain Activity Continues to Rise, Asia Leads the Way
SupplyChain
by Adam Scott
17h ago
The GEP Global Supply Chain Volatility Index, a key indicator of supply chain activity, has remained in positive territory for the second consecutive month, indicating increased activity and capacity stretching across global suppliers. Asia is leading this growth, while North America and Europe present a mixed picture. Asia’s Supply Chain Activity Surges Asia is at the forefront of supply chain activity growth, with a significant increase in input demand as factory activity in major manufacturing and exporting economies such as China, Taiwan, Vietnam, and India accelerates. This consistent gro ..read more
Visit website
Technology Tackles Labor Crisis in Logistics
SupplyChain
by Adam Scott
1d ago
The labor shortage crisis has hit the logistics and supply chain industry hard, but automation and technology tools are emerging as key strategies to alleviate the pressure. Following the Great Resignation, businesses are grappling with a significant labor shortage. This is particularly true for logistics and supply chain-focused companies, with 76% of leaders in these sectors reporting notable workforce shortages. The areas hardest hit are transportation and warehouse operations, both of which are labor-intensive. The labor shortage is not only affecting financial performance and logistics pa ..read more
Visit website
Preparing for the Future: Extreme Scenario Planning
SupplyChain
by Adam Scott
1d ago
Accenture, in collaboration with Oxford Economics, has devised a model for extreme scenario planning. This model outlines scenarios in five key areas: climate concessions, global trade flows, access to resources, technology adoption, and the industrial workforce. For each category, both progressive and regressive extremes are envisioned for the year 2040. For instance, in global trade, the model considers both a liberal, unified market with minimal restrictions and decoupled markets hindered by increasing protectionism. The Benefits of Preparing for Extremes The underlying premise of this appr ..read more
Visit website
Mitigating Contractor Safety Risks in Supply Chains
SupplyChain
by Adam Scott
1d ago
As supply chains expand and become more intricate, contractor safety risks also increase. By implementing strategic measures such as thorough contractor vetting, automation of high-risk tasks, and inclusion of safety clauses in contracts, businesses can enhance safety and protect their supply chain and financial health. Thorough Contractor Vetting The first step towards ensuring contractor safety compliance is a comprehensive vetting process. Requesting references from similar past projects and using pre-qualification questionnaires can help identify the most suitable contractors. These questi ..read more
Visit website
Navigating the NIS2 Directive for Supply Chain Security
SupplyChain
by Adam Scott
1d ago
The NIS2 directive, a framework for cyber resilience, is set to impact supply chain security across the European Union. While not directly applicable to UK organizations, its implications may extend to those with EU market ties or supply chain members under compliance requirements. Understanding the Threat Landscape in Supply Chains The rise in supply chain attacks is driven by several factors. As organizations increasingly rely on third-party suppliers, their attack surface expands, becoming more complex. Simultaneously, adversaries are constantly exploring new ways to infiltrate valuable bus ..read more
Visit website
Coca-Cola Europacific Partners: Advancing the Digital Supply Chain
SupplyChain
by Adam Scott
1d ago
Coca-Cola Europacific Partners (CCEP) broadens its collaboration with Systal to improve network operations and support the integration of thousands of devices across numerous European locations. Strengthening the Partnership for Enhanced Network Functionality CCEP, a leading beverage manufacturer, has initiated its first direct partnership with Systal Technology Solutions. This collaboration aims to propel CCEP’s network transformation journey in Europe and optimize supply chain operations. Systal, a specialist in managed cloud, security, and network transformation, will support over 6,500 dev ..read more
Visit website
Applied AI Enhances Warehouse Operations
SupplyChain
by Adam Scott
1d ago
In the rapidly evolving technological landscape, Artificial Intelligence (AI) has emerged as a game-changer, transforming industries and revolutionizing processes. This article will explore the distinctions between Applied AI and Generative AI, focusing on the practical applications of Applied AI in enhancing the efficiency of warehouse picking processes. Understanding Applied AI and Generative AI Applied AI refers to systems designed to perform specific tasks, imitating human intelligence within a narrow domain. These systems are trained on extensive datasets and follow pre-set algorithms to ..read more
Visit website

Follow SupplyChain on FeedSpot

Continue with Google
Continue with Apple
OR