A review of the five steps that companies should take to set up a formal sustainability effort throughout the supply chain, as laid out by two analysts from The Hackett Group: associate principal Mélani Flores, and senior director Nic Walden.
For many businesses, the past year exposed the fragility of their cash flow and working capital. The pandemic, coupled with supply chain disruptions and erratic consumer demand, wreaked havoc on companies facing both internal and external pressures.
Just-in-time and ad hoc ordering work well while parts are still in production and the supply chain is robust. But once the manufacturing process is disrupted, and supplies become limited or even non-existent, things change drastically.
Interest in supply chain and logistics technology is on the increase and will continue to grow, says Alex Yeager, senior vice president of Redwood Logistics.
Along with the passing of supply “chains” in favor of supply “networks,” statistical forecasting is passing in favor of more advanced cognitive technology.
The ability to optimize routes utilizing algorithms, artificial intelligence and other technology tools has been around for a while, replacing manual tools such as spreadsheets and, in some cases, nothing at all. Dynamic pricing can soon become a reality for last-mile deliveries. By adding dynamic pricing to dynamic routing, a carrier can reduce costs and save time and provide more accurate pricing based on demand.
Bart De Muynck, research analyst with Gartner, previews the consultancy's five-part webinar series, to be presented throughout 2022, in association with SupplyChainBrain: "Five Keys to Unlocking Supply Chain Value in a Time of Crisis."
The latest news, analysis, trends and solutions regarding supply chain planning and optimization. New technologies in supply chain planning and optimization are transforming the way companies operate - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using planning tools and solutions for supply chain optimization.
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