Found in 247 News & Content,
with a score of 0.42
We talk glibly about change in supply chain management - continuous change, managing change, coping with change, even leading change. For all too many of us, those are only words. Truth is, though, that change in our universe is real, fundamental, and visceral. As definitions of supply chains change, always extending and expanding, far behind are the days when our world was all about quoting rates, tendering loads, and pick/pack/on-time-shipment performance. As we have been required to get proficient in customer service, sourcing and procurement, supplier relationships, Sales & Operations Planning processes, and even occasionally integrating manufacturing to round out…
Found in 247 News & Content,
with a score of 0.42
…Day Surpassed Black Friday and Cyber Monday Combined Notwithstanding warehouse workers’ protests and renewed calls for consumers to cancel their Amazon Prime memberships, Amazon once again topped previous record-setting Prime Days with what it’s calling the “largest shopping event” in Amazon’s 25-year history. As reported by Lauren Thomas of CNBC, Amazon said it sold more than 175 million items during this year’s Prime Day shopping event, more than its sales for the past Black Friday and Cyber Monday combined (watch the video >>). The online retailer, which didn’t disclose an actual sales figure in the press release (read below), called…
Found in 247 News & Content,
with a score of 0.41
…desire to improve the broader practice of supply chain management. While the list always changes from year to year, there are some common characteristics that separate the best from the rest. This article (download PDF) discusses the insights and trends we’ve seen this year from the leaders. What is the definition of excellence? Gartner defines excellence as demonstrating leadership toward a demand-driven ideal. Our Demand Driven Value Network (DDVN) model has seven dimensions with interrelated areas of capability in supply, demand and product lifecycle management, all enabled by robust strategy and governance. The DDVN maturity journey The maturity model follows…
Found in 247 News & Content,
with a score of 0.40
…A March study released by the Institute for Supply Management found that 81% of U.S. companies expect their procurement operations to be affected by COVID-19. And, 29% report that it will have a “moderate” to “severe” impact on operations for the rest of the year, while 40% say the impact is still “unknown.” In our view, these results suggest many companies are underestimating the impact of COVID-19. The pressure to reduce costs is escalating rapidly, but procurement and supply chain management groups also need to ensure supply chain continuity, safeguard the viability of key suppliers and retain the ability to…
Found in 247 News & Content,
with a score of 0.39
…to be backhauled or marked down. More efficient inventory management translates directly into lower prices as well. Meeting customers wherever they are While the physical store experience cannot follow consumers everywhere, the goal is definitely greater proximity – to be present at more locations, especially in urban centers with smaller format stores, so that the faster delivery offered by Amazon is counteracted with the convenience of a shorter drive to a neighborhood Walmart store. Replenishing smaller stores from Walmart DCs can only be done through smaller, faster and more frequent deliveries. Likewise, DCs too need to be replenished by a…
Found in 247 News & Content,
with a score of 0.35
…said. And the company had 30,000 robots in its warehouses at the end of the quarter, double the number from a year earlier, he said, to emphasize that Amazon isn’t letting up on innovation even though it’s watching spending. Are You a Supply Chain LEADER or LAGGARD? Join Us and Find Out! Keen to communicate just how busy the last three months have been for the Seattle-based company, Amazon listed 33 “highlights” in its latest financial results report: Amazon introduced four new tablets, including Fire, which has the best display on any tablet under $50 and is also available for…
Found in 247 News & Content,
with a score of 0.35
…a frequent contributor to our sister publication – Logistics Management – contends that this dichotomy reflects much uncertainty about both global oil demand – which is a function of economic activity – and supply, which is increasingly subject to non-market forces. “This wide range of price forecasts reflects unprecedented circumstances brought about not only by COVID-19 virus and its many and growing number of variants, but also the various governmental, cultural, and personal responses,” he says. “These responses have had profound impacts on the U.S. and global economy. Andreoli says that inflation has certainly extended to oil and fuel prices,…
Found in 247 News & Content,
with a score of 0.32
…per hour—or around 53 packages per second. The conveyor system now delivers a package just 15 minutes through the hub from unload to load point. “This is part of a long-term strategy to help shippers successfully compete and do business on the important trading lanes within Europe and linking Europe to North America and Asia in an era when free trade agreements on the horizon promise growth for companies large and small,” adds Miller. Frankfurt Airport (FRA), meanwhile, achieved a new annual record in cargo growth to 2.1 million metric tons last year. Just this past January, FRA’s cargo throughput…
Found in 247 News & Content,
with a score of 0.29
…fulfillment. Rather than supplying online demand from a central warehouse, PAL is leveraging its new capabilities to deliver online demand from a number of strategically located stores across Canada, drastically reducing their fulfillment and last-mile costs and cycle times to better serve online customers. The new planning and inventory flow model is depicted in figure 5. The new supply chain model is agile, flexible, and consumer-driven - regardless of the consumer fulfillment model - and recalibrates the entire supply chain daily, based on what is and isn’t selling. The process facilitates the ability to profitably plan for and deliver to…