The notion of lean supply chains remains relevant even though the concept has been around for years. Like individuals in their battles of the bulge, enterprises face a never-ending fight against bloated processes and excessive inventory.
Despite lingering concerns over standards, reliability and cost, Wal-Mart, DOD and other major retailers are pushing ahead on first-stage mandates that will eventually lead to RFID-enabled supply chains.
The company acknowledges it was a "terrible supplier" of its line of highly seasonal lawn and garden products. It now has a whole new approach to working with retailers, matching supply with actual demand.
An elite group of just 25 3PLs increasingly dominate logistics outsourcing around the world, and that is just how their customers like it. This closed club promises to become even more exclusive in the years ahead as acquisitions concentrate the power among fewer but larger 3PLs.
Despite the obvious differences between software developers and the customers they serve, fundamentally they too are running businesses. Quite aside from the 'winning' qualities of their products, these companies need sound business practices to ensure profitability quarter after quarter.
Thousands of hours and millions of dollars are spent each year by retailers and CPG companies to resolve conflicts and discrepancies caused by mis-matched and out-of-date item data. Now, all that is about to change.
Fast-growing Dollar General Corp. undercuts Wal-Mart on prices, even as it spends heavily on new systems to enhance transportation, warehousing and supplier links.
With economic activity heating up, businesses are again eager to compete in the global arena. To do so, they need to raise the performance of their supply chains to world-class levels.
The latest supply-chain news, analysis, trends and tools for executives in the retail industry — which comprises companies that operate physical or internet stores with diversified product lines. 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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