Found in 247 News & Content,
with a score of 0.29
…They then turn to popular supply chain software and systems options, such as a Control Tower or Transportation Management System to address those limitations. Read: What Is End-to-End Supply Chain Visibility? There is a better way to approach digital transformations, and it begins by understanding the relationship between the supply chain technology you choose and the complex business networks they ultimately serve. 1. How do MESCBNs Relate to Digital Transformations? Companies today are part of a greater business ecosystem: Supply chain planning and execution involve multi-party collaboration between suppliers, carriers, manufacturers, warehouses, and many others. Yet, too many solutions focus…
Found in 247 News & Content,
with a score of 0.27
Control Tower Technology Supply chain management has become increasingly complex and involves more coordination among network partners. Control tower technology was introduced to provide greater visibility and more efficient collaboration within the evolving ecosystem. Over time, the technology has adapted from a narrow solution that spanned transportation management to a more comprehensive and holistic capability to fit the growing demand for wider system integration, efficiency, intelligence, and speed. Here are a few of the most exciting and critical supply chain control tower trends in 2022 that help build flexibility, agility, and resilience. 5 Features of a Successful Supply Chain Control…
Found in 247 News & Content,
with a score of 0.26
…An order-centric technology strategy – especially when applied to transportation management – enables businesses to optimize expedites. Order-centric Transportation Management Systems can separate an exceptional or expedited order from the rest of a shipment so that non-rush items can continue as planned. This way, companies don’t have to take a hit to accommodate a rush order; they simply isolate and reroute an expedite along a different leg or mode and by a different carrier. With the flexibility to dynamically adapt flows to evolving customer service levels and constraints, businesses can continuously optimize the supply chain for every order. 5 Operations…
Found in 247 News & Content,
with a score of 0.22
…a single, global provider of omnichannel commerce, fulfillment, and transportation software. By combining Kӧrber’s unique depth of software with enVista, organizations have a simple, compelling means of aligning and digitizing commerce and supply chain operations end-to-end. “Körber is the trusted fulfillment and distribution technology partner for thousands of organizations worldwide,” said Chad Collins, CEO of Software at Körber Business Area Supply Chain. “Acquiring enVista’s commerce platform enables our customers to manage the life cycle of the order from multiple demand sources and network-wide inventory. The freight audit and payment service provides a single source of transportation visibility and tracking typically…
Found in 247 News & Content,
with a score of 0.22
…what it is not. It’s common to think of transportation visibility as supply chain visibility. However, transportation management is just one small piece of the puzzle, one activity in the greater supply chain. But in a world where orders are often multi-enterprise and multi-tier, with various stakeholders and systems involved, supply chain visibility is a holistic, comprehensive approach that unifies all legacy systems, protocols, and procedures into one single source of truth, or supply chain control tower. True visibility, is also, therefore “multi-enterprise visibility.” Read the Article: What Is End-to-End Supply Chain Visibility? The Role of a Control Tower in…
Found in 247 News & Content,
with a score of 0.22
…resurgence of Covid-19. From the rise in material and transportation costs to constant delays and shortages, it’s become increasingly difficult for companies to exceed, let alone meet the demands of consumers, while still remaining profitable. Faced with more bottlenecks, supply chains have become less reliable as companies try to toe the line between responding to and matching supply and demand. One thing is clear: supply chain management will continue to face disruptions in 2022, and as executives continue to prioritize digital transformation, here are the key ways that supply chain cloud platforms are helping organizations build resilience and balance costs…
Found in 247 News & Content,
with a score of 0.21
…chains, leaning out our processes, and modernizing our IT systems, we got hit with geo-political tariffs. This was followed by shutdowns due to the Covid pandemic, shortages, and backlogs, a fast shift to online commerce, omnichannel selling, and remote working just to survive. Some industries were literally pummeled, while other industries, especially those in the technology and software business, never had it so good. So, what have we learned from all of this, and what is our prognosis for a resilient supply chain? Unfortunately, we are still left with a mixed bag of options. So let’s look at where we…
Found in 247 News & Content,
with a score of 0.21
…(COO), overseeing Kaizen events, value-stream mapping analysis, upgrading ERP systems, and implementing customer success programs, I recall how easy it was for functional leaders to get bogged down in their own imperatives and lose sight of the big picture. Individual silo objectives can inadvertently be at cross purposes with others – most commonly between sales and operations. To meet a revenue goal, sales teams may commit to deals that the operations team is unaware of or hasn’t bought into. Policies might be flexed to drive more short-term volume, making the rest of the company strain on meeting the increased demand.…
Found in 247 News & Content,
with a score of 0.20
…stakeholder demands. Control towers have been traditionally seen as transportation-focused data dashboards. However, these control towers are relatively siloed from other integral aspects of the supply chain. Today, the supply chain control tower can span the full order lifecycle, providing proactive, end-to-end insights alongside dynamic execution functionalities. By pulling data from all corners of the supply chain - from suppliers and manufacturers to warehousing and carriers across all modes and geographies - digital control towers can empower executives to leverage data and make smart planning and execution decisions, virtually in real-time. But what exactly can the supply chain benefits and…
Found in 247 News & Content,
with a score of 0.19
…of attending a program at MIT’s Sloan School of Management about Organizational Design for Digital Transformation. My curiosity on the topic (digital transformation), inspired by the daily barrage of articles, emails, white papers, and webinar invitations on digital transformation, piqued my desire to get to the bottom of what it is or isn’t by way of an informed, expert source. I must say, MIT opened my eyes to another way of thinking. Why Modernizing Won’t Provide the Future Value You’re Looking For MIT’s view on digital transformation offers five building blocks: the operational backbone, shared customer insights, a digital platform,…
Found in 247 News & Content,
with a score of 0.19
…evolve. Solutions vary widely in scope and depth, with systems traditionally only spanning transportation functions. But next-generation platforms are taking a far more holistic approach. In a recent newsletter from the Cognitive Automation Community, contributor Mir Kamin offers up an article defining the basic characteristics of Cognitive Control Towers. The technology doesn’t replace existing management but sits on top of it for real-time data connectivity rather than batch. Cognitive Control Towers use this data alongside advanced analytics to identify exceptions and enable continuous process improvements. This evolution didn’t happen overnight. We know that Multi-Enterprise Supply Chain Business Network technologies can…
Found in 247 News & Content,
with a score of 0.19
…touchpoints and stakeholders, all of which may have distinct systems and processes in place. Without end-to-end supply chain visibility, information becomes siloed, creating unnecessary and corrosive segmentation. The pandemic helped expose vulnerabilities in the global supply chain ecosystem, causing shortages across sectors, from medical supplies to automobiles. The recent acceleration of supply disruptions made international headlines, but the trajectory that led us here started years before COVID-19. According to survey information gathered by McKinsey & Company, “supply chain disruptions cost the average organization 45% of one year’s profits over the course of a decade,” historical context that helps demonstrate persistent…
Found in 247 News & Content,
with a score of 0.19
…set and report on some KPIs. Today, such a system barely scrapes the surface of what businesses need to prosperously run complex, global supply chains and deliver exceptional customer service. International operations are exposed to environmental and political change, and therefore a lot more uncertainty than small, locally run businesses. As businesses expand globally, they also become multi-modal. Not all technology supports every mode, leaving companies to struggle with limited visibility – or else several siloed solutions – as they scale. This goes tenfold for logistics service providers who manage a substantial number of varying supply chains for their customers.…
Found in 247 News & Content,
with a score of 0.17
…their need for technology that will connect their siloed systems, parties, and processes to achieve supply chain visibility and critical capabilities, like strategic planning and enabling assurance of supply. What Our Conversations Reveal About Need & Technology Strategy Supply chain technology was no doubt at the top of the conversation. A notable shift however was the increased interest in sustainability and what technology could do to better support green efforts like curbing Greenhouse gas (GHG) emissions. Supply chain visibility was another hot topic; organizations are still experiencing an incredible number of blind spots, from upstream to downstream, and frankly everywhere…
Found in 247 News & Content,
with a score of 0.17
…because we were trying to coordinate scattered and disparate systems. The parcel carrier systems were also nothing like today’s solutions. There was no chain of custody, real-time tracking, and tracing, constraint identification, or predictive delivery assurances. Despite our best efforts to synchronize our collective IT systems, our results were mixed. To satisfy our customers, we ended up moving to a business model managing a Supplier Owned Inventory Hub with hundreds of vendors where we would assemble or kit and ship their orders on demand. Perhaps we should thank Amazon for pushing carriers, postal agencies, and logistics companies into making the…