Shippers need vital data from throughout the supply chain in one, easily accessible place, says Tim Story, president and co-founder of Third Axiom Solutions.
Three years into the Covid-19 pandemic, the “bullwhip effect” of misaligned capacity and demand persists, contributing to labor and equipment shortages alongside port and inland congestion.
More than two years of jarring supply chain disruption have proven the business case for end-to-end, real-time shipment visibility. But the horizon keeps moving, and while actionable data and visibility are critical, they’re only just a good beginning.
Keeping excess inventory as a safety strategy is a losing proposition for companies. It doesn’t work because companies often hold inventory that’s not usable or is obsolete, representing a dead loss, sometimes on the order of tens of millions of dollars a year, to the company.
Implementing intelligent materials systems that are simple, purpose-built and sustainable is important when embarking on an effort to optimize supply networks.
After more than two years of a pandemic, global unrest and economic fluctuation, quality management throughout supply chains has never been more complicated.
Victoria Ma, digital and innovation lead for North America with Miebach Consulting, explains how the exercise of process mining can help supply chains achieve a new level of agility in responding to orders and unexpected changes in customer demand.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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