Early uses of big data were concentrated in two areas: customer segmentation/marketing effectiveness, and financial services, particularly in trading. Recently, supply chain has become the "next big thing."
Over-the-top headlines and estimates of the size of the IoT market create more confusion and skepticism about hype than a real understanding of how big the market really is. There needs to be a framework for understanding IoT market size.
Analysis of 2013 and 2014 holiday sales data on 300,000 products indicated more sophisticated retail product management, higher quality merchandise offered at discounted prices, and promotions extended after the holiday season, suggesting a promotion trend retailers are likely to apply for the 2015 holidays and beyond.
Automation is the buzzword of the moment when it comes to distribution. But many small and medium-sized businesses (SMBs) feel that automation is cost prohibitive - that it's something for the big guys. An investment in automation, however, doesn't have to be an all or nothing proposition.
Datamyne, a provider of business intelligence in support of import and export documentation, has acquired Zepol Corp., a vendor of online trade-data tools.
The barcode label contains far more than shipping information or data about a product's contents, it has the prescription for your company's successful supply chain.
3PLs are much more than an outsourced logistics execution channel today: They're assuming larger contracts, more complex projects and increased authority as trusted advisors to companies navigating the omni-channel landscape. But with greater responsibility comes greater expectations all around - and it's up to 3PLs to rise to the occasion.