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
While it might be good for a superhero or a wizard, invisibility is an unwelcome condition in supply chains. Order management, in its slow, manual-based state, often suffers from a crisis of invisibility, with large gaps forming where processes and personnel are operating under the radar. But without the proper tools to illuminate these dark corners of order management processes, it was difficult to imagine a better way.
Invisibility in inventory and order management causes productivity problems, availability issues and accountability gray areas, which can translate into headaches at the B2B and B2C levels. But there are solutions available now that have arrived only recently. They can form something of a visibility cloak for enterprises, a way of eliminating shadows and saving money in the process.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
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