Management

Management (228)

Fearless Predictions for 2016

561-futurecrystalballYep, it’s that time of year…. time to reflect on how our predictions for 2015 turned out and to look in our crystal ball to guess what may be the compelling stories of 2016. It’s a tough job but somebody’s gotta do it!

2015 was big for supply chains, electronic commerce, and all the technologies ec-bp.com readers follow. Around this time last year, I wrote that we’d see lots of interest in cloud technology, omnichannel consumers, driverless vehicles, robotics, drones, 3D printing and, most importantly, Big Data and IoT. In retrospect, that was like shooting the proverbial fish in a barrel. We indeed witnessed high levels of activity for all those topics, but allow me to make a few quick observations......

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Using Behavior to Your Advantage

irrationalIt’s the start of a new year and once again, I set goals for the year. These are different than “resolutions” as I fully intend on meeting them. Some of these goals are the same from year to year: get in better shape, spend more time with my family, work smarter (not necessarily harder), decrease expenses, increase revenue,  be the change I want to see in the world,  end world hunger, get a super power... and this year I added a new goal to the list. I will walk 1,000 miles in 2011. Instead of approaching this goal rationally, like I’m prone to do for any project, I wanted to apply the ideas in the book Sway: The Irresistible Pull of Irrational Behavior, by Ori and Rom Brafum. If I behave irrationally naturally, as the authors point out, I may as well behave irrationally in a way that helps achieve my objectives.

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How's Your Trading Partner Meeting Working Out?

merging"Both sides would get what they wanted; that has always been our mantra." That sounds like a worthy goal in any relationship. How successful in real-world practice, though, is cultivation of the retailer-supplier pairing?

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Supply Chain Management Dashboards Growing

dashboard onlineThere’s nothing necessarily new about dashboards – software that serves as a control panels for enterprise applications and provides high-level views of a variety of performance and data-intensive information. But what’s clear is their growing importance for supply chain managers. Read more...

Outsourcing EDI Is The Way To Go, Says Expert

outsourceAccording to James H. Davis, director of sales of Amosoft, an EDI provider, a vast majority of “all commerce is done through EDI.” Because of its unparalleled importance to the success of supply chain communications, it is imperative for trading partners to speak the same shipping language or hire an outside resource to communicate for them. Read more...

Scorecards vs. Continuous Compliance Monitoring

cycle-300x300Monitoring vendors for compliance is, obviously, a key to both good business and good business relationships. Relationships between retailers and vendors are, at best, complicated and difficult; at worst, as many buyers have painfully learned, the partnership can become chaotic and nearly impossible. Read more...

Outsourcing Compliance Optimization

optimizationAll suppliers, including the ones who communicate in a clear and timely fashion, and who consistently deliver on time, need to be monitored. Compliance optimization, which includes tracking and identifying performance issues and communicating issues to suppliers, pays off for both parties. When supply chain problems are identified at a detailed level, addressed, and fixed, the retailer-supplier partnership benefits. It becomes more efficient and more profitable. Read more...

Save Time – And Money – With Electronic Order Processing

saves time moneyThere’s no doubt that the old cliché “time is money” can be overused in business, in the sense that there are certain areas where the maxim just doesn’t apply. But when considering EDI (electronic data interchange) as part of digital operations, the phrase could not be more fitting. Read more...

Avoid Compliance Problems With Better Communications

broken-supply-chainCompliance problems that trigger invoice deductions are often the result of communications problems between suppliers and customers. Suppliers want to reduce margin pressures. They often make small changes to integration processes. And business changes can make initial incentives counterproductive. These (and other issues) are usually unique in their particulars. Read more...

Trends In Healthcare And The Life Sciences And Their Impact On Ecommerce

emr-integrationDespite the cacophony of technology available today, not all industries have embraced or responded to it as steadily as it has proliferated our lives. Healthcare is one of those industries, although now it’s on the fast track.

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