The American Productivity & Quality Center (APQC) puts out an annual Supply Chain Management Priorities and Challenges report. In 2023, the report shows that 62% of organizations missed their targets for the year and nearly 80% of organizations fell short…
A transportation management system (TMS) is a software tool that enables businesses to manage how they move their products from one place to another. It helps them plan, track, and optimize the transportation process. Typically, a TMS is one piece…
As companies have worked on new ways to boost supply chain resiliency, many have turned to artificial intelligence. Early results are promising, with companies reporting a 15 percent reduction in logistics costs. AI continues to evolve with new solutions emerging…
With the rise of cloud computing, companies offering Software as a Service (SaaS) have changed the way many businesses operate. These solutions are often more convenient for employees, who can access important company data from anywhere. For business owners, SaaS…
Information is an important part of logistics. Technology has enabled precise location tracking that provides detailed information to improve your time to deliver and other metrics. As technology improves, so does accurate location tracking. Ultra-wideband, or UWB technology, uses the…
Nearly three-quarters of businesses say digital transformation is a top priority. Yet, according to Bain & Company, 88% of digital transformation efforts fail to meet their objectives. Setting an agenda for your digital transformation project is challenging and next steps…
Today’s customer demands are getting bigger. They want fast fulfillment, 100% order accuracy, and easy reverse logistics — and they want it all for free or at minimal cost. Fail to deliver and you risk impacting customer satisfaction and retention.…
Artificial intelligence (AI) is no longer just a buzzword or an alien concept mentioned at tech conferences. It's here to stay, and it's transforming the way many businesses looking to stay ahead of the curve operate. It's no wonder that 73%…
Smart technology has the capability to improve your supply chain visibility, which allows you to better manage your inventory, from manufacturing to delivery. Sensors let you track a shipment from start to finish so you can keep your customers informed.…
Supply chain management and logistics may seem interchangeable, but they are different. While both terms refer to the process of moving inventory from place to place, they differ in their scope and related activities. Understanding supply chain management vs. logistics…
