Distribution Management, Posts, Supply Chain, Warehouse Management
Top Three Supply Chain Best Practices to Compete with Amazon
While Amazon’s move into B2B may get you worried, you can prevent them from stealing your customers with these supply chain best practices.
Posts, Warehouse Management
The Future of Warehouse Efficiency and Accuracy: Multi-mode Warehouse Management
Specialized warehouse technologies like voice picking have been around for a long time. And while these technologies are popular in some very specific industries, they have not gained mainstream traction. One might argue it’s because they are restrictive, expensive and complicated. Fortunately, there is a new approach coming that will remove these barriers and bring…
Posts, Supply Chain, Warehouse Management
Warehouse ‘Just in Case’ Safety Stock: Balancing Inventory Levels vs. Risk
There are many risks you need to factor into your supply chain strategy. Safety stock has always played a vital role in protecting your organization. Whenever there is an increase in demand or a delay from your supplier, safety stock ensures your business continuality and customer satisfaction. With the advent of COVID-19 many organizations are…
Posts, Warehouse Management
4 Ways Optimizing Warehouse Picking Can Help Save Time & Money
At its essence, efficient warehouse picking is about fulfilling customer orders via your warehouse management system (WMS) with the least amount of material handling and labor output. It’s an important task to optimize as more than 50 percent of a DC’s labor force is typically involved in picking. Many organizations today overlook easy ways to make warehouse picking more efficient and less costly. Below you’ll find four ways to tackle this problem followed by an in-depth look at various picking methods and associated technologies.
Posts, Warehouse Management
The Trials and Tribulations of Warehouse Returns Management
Ask anyone in your warehouse how well they like to handle returns, and you’ll likely hear a sigh or groan in response. That’s because the returns management process, with its time and space requirements and excess inventory management, is a sizeable hassle for most distributors.
Posts, Supply Chain, Warehouse Management
Cross-Docking: A Great Choice for Handling Specialty Items
Effective inventory management is always a delicate dance between the cost associated with carrying too much inventory and the risk of not carrying enough to fulfill a customer order at the right moment. With ongoing pressure to ship orders within compressed timeframes, there’s no room for error, and competitors are always on your heels.
Platform, Posts, Supply Chain, Warehouse Management
The Future of Warehouse Management Systems (WMS) Must Support Complex Warehouse Requirements for a New Era of Buyers
A new era of buyers has arrived, and they are focused on the customer experience. It’s not enough to simply deliver a product into a buyer’s hands. No matter the industry, today’s savvy consumers expect a seamless, superior experience that delivers on a company’s brand promise.
Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management
Get Down to Brass Tacks
A lot of focus has been placed on advanced and predictive analytics, and rightfully so. I have written many posts and have spoken publically on the merits of advanced analytics for several years now. What I find disorienting and misleading are marketers harping on how important it is to adopt advanced analytics right now. The thing that they just don't get (or maybe they don't want to get?) is that an organization will need to transcend a series of analytical maturity levels before they can truly capitalize on the benefits of advanced and predictive analytics.
Analytics, Business Intelligence, Healthcare, Posts, Supply Chain, Warehouse Management
Competing on Data Talent
In my last post, I introduced the longitudinal study that MIT Sloan Management Review has been conducting over the past five years. From 2010 to 2012 they indicated that 67% of those surveyed believed that analytics gave their organizations a competitive edge. In 2013, that figure stabilized at 66% revealing the so called 'Moneyball Effect' where leaders lost their competitive edge that they once enjoyed because followers matured and made analytics core competencies. In 2014, that trend continued, falling to 61%.
Demand Planning and Forecasting, Posts, Supply Chain, Warehouse Management
Warehouse Inventory Management: Getting The Right Product To The Right Person
When supply chain professionals plan for future demand, their thoughts gravitate to meeting customer service levels while minimizing the amount of capital tied up in inventory. Demand planning and warehouse inventory management is about having the right product in the right place at the right time … right? Four occurrences of the same word would cause my old English teacher to shudder at this excessive use of a word in a single sentence. However, let us return to the important business of meeting consumer demand without incurring the cost of excess inventory.
Healthcare, Posts, Supply Chain, Warehouse Management
What defines BIG thinking?
In the movie Big, Tom Hanks plays a child trapped in the body of a 30-year-old who challenges the status quo at a toy manufacturer. To the audience it all makes sense as the movie progresses – think like a kid when selling stuff to kids. How revolutionary! Yet the audience also relates to the adults who pretend to know what kids like.
Analytics, Business Intelligence, Healthcare, Posts, Supply Chain, Warehouse Management
Big Data – Synthesis
In 2013, Gartner conducted a survey on Big Data Adoption in Supply Chain Industries and found that adoption has been flat and is lagging behind the overall adoption rate of other industries such as banking, insurance, and retail to name a few. Gartner ascertained that these characteristics pertaining to the Supply Chain industry are attributable to an inherent lack of understanding of what Big Data truly is and a fundamental lack of the required skill sets. This, in essence, is the challenge facing the Supply Chain industry.
Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management
Big Data Implications
Big data and big data analytics pose a series of implications and challenges. Organizations that seek to become analytical competitors must have an established analytics culture consisting of well trained employees who are using the right enabling technologies. However, these organizations face challenges maintaining consumer privacy while they collect and use sensitive information.
Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management
Big Data Analytics
Big data is all around us. As we have seen, big data is characterized by its volume, velocity, and variety (the infamous three 'V's). Great, you have a lot of data...now what? Well, these untapped 'dark data assets' give rise to vast opportunities for those organizations that seek new ways to compete. Studies have shown that organizations that compete on analytics by focusing on their core competencies fare much better than those who do not. Some have gone so far as to call big data the ‘new oil’. In part two of this four part series, we will take a closer look at big data analytics.
Analytics, Business Intelligence, Posts, Supply Chain, Warehouse Management
Big Data Demystified
With the advent of big data, organizations are beginning to recognize the impact that big data and analytics can have on their ability to compete in their respective industries. In a recent study by MIT and the SAS Institute, 67% of leading organizations firmly believe that analytics give them a competitive advantage. This recognition has revealed that it is not only about the volume, velocity and variety of the data at hand, but having the right culture, skillsets, and technologies in place, while respecting the privacy of consumers. This post will be the first of a four part series aimed at demystifying the term 'big data', and touching on opportunities, implications and challenges related to big data.
Healthcare, Posts, Supply Chain, Warehouse Management
“Business As Usual” is not the future of healthcare supply chain!
Isn’t this the most interesting time in US healthcare? Actually, in healthcare across the globe? Because no matter how your healthcare system is funded, the containment and management of supply chain costs is a constant business reality we are all facing. To that end, supply chain is finally coming into its own in the C-Suite of most organizations. We are realizing, as an industry, that what has worked in the past will no longer work in our emerging reality — on all sides of the business equation. Everyone has to participate in the change.
Healthcare, Posts, Supply Chain, Warehouse Management
Trends Are In the Air
Tecsys-Sponsored a Lunch & Learn program at the recent IDN Summit, “The Transformable Supply Chain” featuring Brent Johnson, Chief Procurement Officer, Intermountain Healthcare; Curtis Dudley, Vice President of Integrated Performance Solutions, Mercy; and Mike Wentling, Chief Solutions Officer, ROi. The discussion focused on the changes in the healthcare supply chain that have driven the development of consolidated service centers/supply chain centers.
Healthcare, Posts, Supply Chain, Warehouse Management
Healthcare Self-Distribution: Early Considerations
We recently hosted a web event titled Demystifying Demand Planning: WHY and received an interesting question from one of the participants. The question had a much broader reach than Demand Planning and I thought it would be terrific to share it with all of you.
