How many distinct systems make up the supply chain? OK, that’s probably an unfair question, so let’s just talk about the number of systems or software applications that make up the supply chain within a single company. The answer is likely to be more than 1 and could easily be as many as 20. If that’s the case how is it possible to actually achieve what we’ve been calling Visibility?
Recently, Mike Martz introduced us to the Internet of Things (IoT). This is what happens when you combine cloud technology, wireless networks, standardized communications protocols, RFID, worldwide IP networks, Big Data, miniaturized sensors, and cheap storage and computing power. Let's drill down on SENSORS!
The end of the supply chain (retail) is probably the only place that makes any sense for any kind of social media activity. At least that's the common belief. What would a supplier, manufacturer, 3PL, or any other part of the supply chain hope to gain from a Facebook page, a Twitter stream, or even a Google+ account?
As a supply chain or ecommerce professional, I’m sure you’re weary of hearing about “the cloud”, “big data”, “virtualization”, “mobile apps”, and a bunch of other recent tech buzzwords. Once the hype dissolves over time, they’ll just vanish like a puff of smoke and the IT guys will stop talking about them in the cafeteria, won’t they?
They have shows on it. Thousands of professionals are hired every year for the sole purpose to get rid of it. Most people hate it, but find a hard time getting rid of it. What am I talking about? Clutter!!
By now, we all know that organizations are taking full advantage of social media to closely connect with customers and to promote their products and services. But several articles and studies show that social networks are now a top purchase-evaluation tool for decision makers. Professionals connect to vendors on social media sites, and a many say that social media plays a role in every stage of the acquisition process.
There are lots of project management resources available in the enterprise today, but which approach is right for your requirements? Choose the wrong project management methodology, and you can miss deadlines, overrun costs, incur the wrath of top management. Choose the right path, and projects will run smoothly, without delays, restarts or missed expectations.
Advance shipping notices (ASNs) can drive up efficiencies and accuracies by reducing discrepancies – which experts estimate happen about 30 percent of the time -- between invoices and the orders a retailer receives. That's because ASNs provide the retailer with detailed information on how the goods were packed for shipment, how many items are in the shipment, as well as product descriptions, carrier information, and even order information. ASNs also alert retailers that the goods have been shipped so they are ready to receive them.
How do we justify a Social Supply Chain? Companies are not going to have any MORE Information than they have now, but they will use it differently/better because of what is happening with social technologies. Much of this information is beyond the four walls, but he wall between employees, vendors and customers is falling down. Thus highly socially networked companies that take advantage will find themselves in a more favorable position and see improvements over less networked companies. This means increased working capital, decreased inventories and better service levels.
Most business owners have at least a basic way of collecting data from their companies, and at least some basic form of data analytics. The thing is, many business owners don't know what they should really be doing with that analytical data. A lot of times it is glanced at, and then pushed aside, without really having any effect on business one way or the other. However, there is actually a lot that you, as a retailer, can be doing to leverage those analytics to help you in the day to day running of your business.