In today’s fast-paced world of business, owners and managers are looking for ways to streamline the supply chain process, reduce costs and increase efficiency. When looking to implement the most effective supply chain, many would note that technology plays a pivotal role.
Thanks to advanced breakthroughs in high-tech labor management systems, wireless devices, apps and cloud technology, great strides have been made to enhance supply chain performance. It is important to note two key factors that come into play to create a smooth, agile and aligned supply chain.
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One such example comes from the One such example comes from the supply chain solutions company, Savage, which has acquired third-party logistics company Trans Dynamics, an established provider of over-dimensional, intermodal, LTL and specialized logistics services.
Another example comes from Descartes Systems Group, which acquired Airclic Inc., a leading U.S.-based provider of mobile solutions that help companies reduce the cost of delivering goods by automating traditional paper-based processes.
Read more: Solutions
Manthan released a free guide for retailers and their suppliers titled “Three Steps to Next Generation Supplier Collaboration in Retail.” This guide lays out a step-by-step approach for a retailer to activate shopper demand and deliver a better shopper experience by improving inventory availability, product assortment, pricing and promotions; while driving down operational and logistical costs.
According to Manthan, Nikki Baird, an analyst at Retail Systems Research, emphasized the need for collaboration in a recent blog post - “It’s Finally Time to Get Serious About Supply Chain Collaboration (Again).” Competitive pressures, such as Amazon’s strength in fulfillment and Wal-Mart’s same day delivery capabilities, combined with elevated shopper expectations, are forcing retailers to take a closer look at supplier networks and capabilities to optimize the shopper experience.
Read more: Retail
According to a recent study from the University of Tennessee’s Global Supply Chain Institute, the relocation of manufacturing and product sourcing to emerging economies is no longer the gold standard for global businesses. The Global Supply Chain Institute is part of UT’s Haslam College of Business.
The rush to Asia in the last decade promised major cost reduction, but financial gains for many have been short-lived. The study delves into the downsides of outsourcing by putting the complexity and risk of the global environment into context. Evidence from the research, compiled in “Global Supply Chains,” the fourth installment in the “Game-Changing Trends in Supply Chain” series from UT’s supply chain faculty, suggests a more localized supply chain for many products may soon make a comeback.
Read more: Manufacturing & Distribution
Late last year, Gartner released its sixth annual Healthcare Supply Chain Top 25 ranking. The 2014 ranking identifies organizations across the value chain that are focused on reducing supply chain inefficiencies, while improving the quality of healthcare. Healthcare supply chain leaders continue to optimize their capabilities, while preparing for changes that population health models will drive through the supply chain.
“The Healthcare Supply Chain Top 25 for 2014 reflects the metaphorical middle part of a marathon journey to build patient-driven supply networks,” said Eric O’Daffer, research vice president at Gartner.
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The difficult part is finding a reliable logistics and supply chain partner. Food and beverage companies need partners with industry-specific expertise that can devise customized solutions. Taking a look at what others have done can help food and beverage producers find the right partners for their needs.
One such example comes from Avery Brewing. Founded in Boulder, Colo., in 1993, Avery Brewing is a relatively small craft beer company known as the brewers of Avery IPA, White Rascal Belgian-Style White Ale, The Maharaja Imperial IPA, Mephistopheles’ Stout and more than 20 other year-round and seasonal beers. Avery Brewing will move into a new $27 million, 96,000-square-foot brewery in early 2015.
Read more: Food, Beverage & Hospitality
As a specialized, global expert services firm, Navigant focuses on assisting clients in creating and protecting value in the face of critical business risks and opportunities. Its services extend from expert and advisory work through implementation and outsourcing.
The Navigant team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of these industry sectors. The report examines the significant forces shaping the global wind power industry’s supply chain, including analyses of more than 500 component and materials suppliers. Innovation and lean manufacturing are resulting in a highly competitive wind industry, the report concludes.
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The CSCO’s responsibilities have evolved over many years, but the last decade especially has seen significant transformation. Traditionally focused on the tactical operations of moving products between two points, today’s CSCOs must contend with a huge level of complexity and risk in supply chain operations. This requires innovative thinking, and companies risk failure if they cannot adapt to this new mindset.
The concept of supply chain has changed so fundamentally that the term, in fact, may be outdated. Supply chain management commonly is visualized as a chain of goods running from point A to point B. This no longer captures the breadth and depth of today’s supply chains, which function more like an intricate web of integrated, global relationships. These relationships supersede political and geographic boundaries, and they also cross over the traditional barriers within companies.
Read more: Management
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