Navigating the Red Sea Crisis: What Procurement & Supply Chain Leaders Should Be Doing
February 01, 2024 | Risk Management
Increased attacks by Houthi rebels from Yemen on merchant vessels crossing the Red Sea are creating massive disruptions in global shipping and supply chains.
5 Supply Chain Operations Trends for 2024
January 31, 2024 | Supply Chain Strategy
Just when you thought supply chain volatility was a thing of the past, the crucial Read Sea shipping route was disrupted because of attacks on ships by rebels from Yemen.
The lesson?
To survive, supply chains operations have to constantly adapt.
As we enter 2024, these transformative pressures are expected to push supply chain leaders to make bold changes. From new customer demands to geopolitical shifts, ripples of change are spreading across global networks.
Supply Chain Operations Management: The Hidden Driver of Business Success
December 28, 2023 | Supply Chain Software
Supply chain operations management encompasses the strategies, planning and execution needed for efficient and effective flow of products, services, information, and finances across a company's supply chain.
Effective supply chain management (SCM) requires close coordination between partners like suppliers, manufacturers, distributors and retailers to meet customer demand while optimizing costs and capital utilization.
A Short Guide to Cloud-based Supply Chain Planning
December 01, 2023 | Supply Chain Software
Supply chains have become more complex than ever.
Consumer expectations have changed dramatically, with demand for greater product variety, faster fulfillment, and flexibility to shift strategies as market conditions change.
At the same time, globalized supply chains, trade uncertainty, and disruptions like COVID-19 have made supply chain operations more challenging. Legacy supply chain software is no longer adequate to manage this complexity.
4 Challenges of Supply Chain Order Management (And How to Overcome Them)
December 01, 2023 | Supply Chain Strategy
Effective order management is a key priority in today’s disruption-prone business environment. How quickly and accurately a business can process and deliver customer orders can, in fact, be a key differentiator in an uncertain yet highly competitive business landscape.
Yet few businesses have truly mastered this crucial aspect of supply chain operations. This can prove costly, given the fast-changing consumer buying patterns.
Finding Hidden Profits with Supply Chain Optimization Software
November 30, 2023 | Supply Chain Software
Reducing supply chain expenses while maintaining high customer service levels is a continuing battle. Transportation, inventory, and warehousing costs eat away at profit margins.
However, AI, advanced analytics and optimization techniques make cost control possible and increase supply chain profitability.
AI-powered supply chain software provides the modeling capabilities required to boost efficiencies across your end-to-end operations.
Here are some profit-focused opportunities:
Why Your Business Needs a Warehouse Management System
November 30, 2023 | Inventory Management Software
The demand for warehousing has grown exponentially in recent decades, particularly in the retail and manufacturing sectors. The tremendous growth of e-commerce and online marketplaces, 24/7 online consumers and omnichannel fulfilment strategies have all contributed to the rapid evolution of the warehousing industry.
Not surprisingly, warehouses today look very different from a few years ago.
Supply Chains Risk Management Software: Defense Against Disruptions
November 27, 2023 | Risk Management
Managing risk has become an indispensable need for global supply chains plagued by constant disruptions. From a supplier factory shutting down to port congestion adding weeks to order deliveries, volatility threatens productivity and profitability.
Supply chain risk management technology provides actionable insights to increase supply chain resilience.
Graphite Shortage: Supply Chain Strategies for EV Makers
November 02, 2023 | Automotives
China's recent decision to impose export controls on graphite products has raised alarm bells within the global electric vehicle industry, since graphite is a vital component in EV battery anodes.
4 Ways to Overcome Supply Chain Challenges in the Hospitality Industry
November 02, 2023 | Supply Chain Strategy
Supply chains for the hospitality industry experience some unique challenges.
Seasonal demand fluctuations require businesses to manage staffing levels efficiently, while the handling of perishable goods necessitates meticulous inventory control. Supplier reliability is thus crucial, and maintaining strong relationships with your suppliers is an obvious risk mitigation strategy.
Cost management is anyway an ongoing concern due to fluctuating expenses, and the overall high inflation across the world.
