Analyst Insight: From a strategic perspective, warehouse managers are faced with balancing competing objectives. They need to get orders out of the door faster, keep inventory moving amid fluctuating demand, and minimize costs. It will require not only process efficiencies within the four walls but better collaboration with both upstream and downstream partners to keep these competing pressures in check.
Analyst Insight: For most companies, the management focus on order fulfillment concerns cost-containment. To lower operating expenses, companies should look to both cost savings (via efficiency gains) as well as cost avoidance (via accuracy improvements). Making these changes in the short term can yield long-term benefits, as those improvements that save costs now can also position companies to better handle the greater volumes that will follow a rebound in consumer demand.
Analyst Insight: The economy and reductions in demand have focused priority on tactical initiatives within the supply chain. In 2010 there will be renewed focus beyond securing distribution efficiencies and renegotiating transportation rates (2009's top actions). As we exit the recession, companies are encouraged to embrace a 4-step strategy for transformational change.
Analyst Insight: Today's transportation organizations are being affected on all sides by rising costs and demands. Top performers in this economy are extending beyond the basics of domestic and international systems and beginning to create and extend automated processes to address advanced capabilities like dynamic optimization and the daily use of analytic tools to monitor events and communicate and collaborate on a near real-time basis.
Analyst Insight: The dirty underside of supply chain is confronting the many risks inherent in 24x7-operations entrusted to "partners" in far-flung regions who are conducting fraudulent activities as well as dealing with unpredictable events. The big market here is risk transfer-insurance and others services to mitigate the impact of events. In addition, step by step, we are beginning to see approaches-metric and risk assessments methods, auditing and monitoring services, and technology - to support risk avoidance and assure recovery.
Analyst Insight: Global competition, ongoing business transformation, and the increased lead-times / complexity of global supply chains are creating a situation where pipeline inventory and landed costs have increased dramatically. But before a company can reduce pipeline inventory or landed cost, it needs visibility into them. Hence, improving supply chain visibility is a key strategic imperative that has been, and is, growing in importance in managing the multi-enterprise supply chains.
Analyst Insight: Many businesses have been paying more attention to the concept of software as a service (SaaS) and how it can be incorporated into their IT portfolios. The most commonly stated benefits -rapid deployment, lower cost, and scalability - must be balanced by other key decision criterion, such as fit, ROI, and risk.
The latest news, analysis, trends and solutions regarding supply chain visibility and its impact on supply chain management. New technologies in supply chain visibility 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 supply chain visibility solutions for real-time insight, risk management and supply chain optimization.
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