The corporate payments world has experienced a significant evolution over the past decade. This now allows procurement to be a key contributor of top line revenue growth as well as traditional bottom line savings.
A growing number of consumers go to Amazon first when shopping for online products. According to a Survata study, commissioned by BloomReach, 44 percent of shoppers go straight to Amazon, beating out the 34 percent who go direct to search engines and 21 percent who go directly to a retailer's e-commerce site.
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.
The modern, technology-based supply chain has evolved from a back-end, transactional function to a means to not only strip waste and costs out of healthcare, but increasingly to help create better clinical outcomes. GHX, an electronic healthcare industry trading exchange, has identified five ways in which its customers are leveraging their supply chains to markedly improve patient care.
New research shows that 56 percent of automotive parts and accessories shoppers are making their purchases online - an 8 percent increase over the previous year. The study also indicates that consumers are combining online and in-store channels for an omnichannel shopping experience. Omnichannel is when shoppers seamlessly shift between mobile, online and in-store resources to research, purchase, pick up and return their items.
H.D. Smith is using cloud analytics software to get a better handle on its supply chain, allowing it to slice and dice inventory by profit margin and customer as well as track the shipping route of prescriptions and health and other wellness products.
Doug Bowen, vice president supply chain, and Terry Loftus, medical director, surgical services and clinical resources, discuss the initiatives that Banner Health has undertaken in recent years to cut inventory and logistics costs, without affecting the quality of service to doctors and patients.
John Lower, director of strategic carrier management with Transplace, discusses the big issues that carriers and shippers are grappling with today, including new regulations, tightening truck capacity and the concept of the "preferred shipper."
The latest supply-chain news, analysis, trends and tools for executives in the pharmaceutical and biotech industries. Learn how pharmaceutical and biotech companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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