Artificial intelligence (AI) is no longer the province of science fiction: it’s here, and it can be leveraged by your supply chain to transform the way your company sources materials and delivers finished products.Continue reading
It’s 11:00 p.m. Do you know where that critical shipment is?
When an important shipment containing parts essential to your flagship product is delayed in transit, the delay can resonate throughout your manufacturing process and impact orders. If you don’t know the problem exists in your supply chain, you’re left scrambling to fulfill orders and maintain production levels. Lack of supply chain visibility puts your business at risk, affecting not only your bottom line but also your company’s reputation.
According to research firm Gartner, supply chain visibility is a top priority among supply chain leaders and Chief Supply Chain Officers (CSCOs) across a wide range of industries and geographies. And for good reasons: visibility into your supply chain not only lets you mitigate late shipment scenarios but also helps you proactively mitigate these problems. Supply chain visibility can also help you identify risks and potential savings.
When visibility is combined with business intelligence, predictive analytics, and artificial intelligence (AI)—organizations can gain unprecedented supply chain insights that can transform their operations.
While there are too many benefits to cover in a single blog post, let’s explore three benefits of supply chain visibility that are top-of-mind.Continue reading
Modern life clips along at an unprecedented pace, and here at Lightwell we have been discussing the comparison of keeping up with the fast pace of life—and all the information that produces—to the experience of keeping up with the supply chain.
On a personal level, when you think back ten years ago, YouTube and Facebook were just getting going, and Twitter was a gleam in someone’s eye. Phones weren’t all that “smart” with people assuming they would just get smaller, and they definitely weren’t thinking “mobile revolution.”Continue reading
We’ve all been subject to the vagaries of the weather at one time or another--camping holidays, picnics and Wimbledon are all events that can be made or broken by inclement or unexpected weather. Who can forget the huge floods of late 2013/early 2014 causing large areas of the South West of the UK to become inaccessible?
This got us thinking, if you’re managing a supply chain, especially if you’re thinking about becoming demand driven, what would the business impact of these weather disasters be, and how would a demand driven supply chain cope compared to traditional one?Continue reading
Healthcare supply chains are large, and many healthcare organizations are behind other sectors in terms of tech adoption. This can make it difficult for healthcare firms to make meaningful strides in the effort to have more cost-effective, efficient supply chains. Issues can be at the micro level, in terms of employee buy-in and implementation of new products and strategies in facilities. There can also be problems at the macro level, in the effort to develop partner relationships and integrate them effectively into procurement, distribution and support processes.Continue reading
Using technology to save on labor costs and resource expenses is a top investment priority for nearly every company, particularly those in the manufacturing industry. More cost-efficient facilities, automated order management and data-driven customer fulfillment can reduce the amount of money and time that must be poured into these areas. However, in some cases, the increasing use of technology is bringing about a rise in overall IT costs. Many companies have experienced firsthand the issue of a technological innovation that hasn't significantly decreased labor costs or sped up operations, because the staff and resources needed to maintain expansive IT environments ends up outweighing many of the promised benefits.Continue reading
In order to keep pace with today’s competitive global supply chains, companies must ensure they are utilizing current supply chain technologies to increase efficiency and keep up with customer demand.
In addition, today there is an array of issues and considerations that supply chain supervisors must keep in mind, including the following:
1) The Internet of Things The IoT seems to be disrupting processes in nearly every industry these days, including enterprise supply chain management. Material Handling & Logistics contributor Luis Humberto Eraña reported that Gartner research predicts that the IoT will have a considerable impact on supply chains, especially when it comes to dealing with current challenges. The growing number of connected systems and sensors that make up the IoT - poised to reach 26 billion units by 2020 - will likely provide new opportunities for supply chain management.
As the holiday season comes to a close, many retailers are looking forward to breathing a sigh of relief. With holiday orders completed and items shipped off, supply chain managers may think their stressors are all out of the way for the year. However, the end of the year - specifically the week between Christmas and New Years - can bring a number of new challenges, as well as some key opportunities.Continue reading
The holiday shopping season is quickly approaching - in some cases, retailers have already begun offering special merchandise and discounts just for this time of year. It is during the next two months or so that many merchants make the bulk of their profits for the year, and thus focus a great deal of effort on making the next few weeks count.
When preparing for the holiday shopping season, it is helpful to look to expert predictions, not only to know what to expect, but to be ready for anything that might come up during this time of year. In this spirit, let's take a look at some of the top expert forecasts for this year's shopping season, and how retailers can plan ahead.Continue reading