Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. In addition, the role of these technologies is becoming more than a means of guaranteeing profits; they are enabling more small businesses to compete with larger, big box retailers, which drives prices down for end users.
Supply chains have traditionally followed a linear path, manufacturing products and sending them through warehouses and distribution centers to consumers. However, the age of the internet and omnichannel sales has created vast opportunities to change how the supply chain functions, creating more cohesive, collaborative, and circular supply chains.
Cloud solutions are usually associated with office environments, but they are usually incredibly versatile. And they can be the best tool to handle plant risk assessment, a vital and often arduous task. Depending on the size of the plant and the number of employees, risk assessment cloud solutions can quickly become indispensable.
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Every new year we write about the most important trends to pay attention to for the year on our blog. In 2016 we focused on our main areas of writing: Manufacturing, Supply Chain, Logistics, and Transportation Management.
Understanding how different factors affect the supply chain remains a top priority for research firms around the globe. This unwavering drive represents the continued interest in advancing today’s capabilities with state-of-the-art technology and adaptability.
We are continuing what will become a tradition of re-evaluating the progress of supply chains throughout the year in relation to our predictions, as explained by this blog post. Let’s look at how supply chains kept up with expectations and where they fell short, if at all.
Supply Chains Went Digital.
Manufacturing is changing. Our 2016 Manufacturing Report revealed an industry in the state of change, preparing for the next revolution. Its image is getting an uplift, cyber security is growing more complex, and distribution is becoming more focused on third-party services. Let’s see how closely the year kept up with our predictions.
Today’s blog is a continuation of yesterday’s where we discussed cost management and KPIs with warehousing contracts using a real-world scenario. Now we dive a bit deeper with incentives, gain sharing, should-cost models, and governance in warehousing contracts.
Since this is a real-world scenario, here’s a quick recap on the client.
Who doesn’t love a good contract? Of course…everyone…right? Well, not entirely. When it comes to the logistics industry, whether it’s transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions.
As we head into 2017, we are featuring our most read articles of 2016 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation, and Freight. Last week, we ended with the top 5 Freight stories from 2016.
We wrap up this series with the top 5 Transportation Management stories of 2016.