Oracle buys LogFire to boost supply chain management tools

Source: Beta News

In order to boost the features of its supply chain management cloud offering, Oracle will be acquiring the Atlanta-based LogFire that provides cloud-based warehouse management applications. Oracle believes that LogFire's applications will really help complement the logistics functionality of its own Oracle Supply Chain Management (SCM), through the addition of the ability to manage warehouses. The financial terms of the company's proposed acquisition have yet to be disclosed, but both LogFire's employees and management will be joining the Oracle SCM Cloud Team...

Managing Compliance in the Supply Chain

Source: Quality Digest

Mandatory reporting requirements for regulations such as Europe’s REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) and RoHS (Restriction of Hazardous Substances) legislation have increased the focus on environmental compliance and ethical sourcing across the globe. Meanwhile, new regulations such as the European Union’s proposed conflict minerals framework, and China’s Due Diligence Guidance for Responsible Mineral Supply Chains continue to proliferate in various geographies at a rapid pace...

Why supply chain management is like a competitive sport

Source: Supply Chain Digital

What can we learn from the Olympics and Paralympics in Rio? That moving things, whether they are human beings, balls or boats is extremely hard work. That those who succeed at long-distance running are far less likely to succeed at a sprint. That hurdles can be overcome with the right discipline and support. And that different cultures, languages and traditions need not be barriers to international success. It’s a slightly clunky metaphor, to be sure, but the same lessons can be learned from successful supply chains in today’s commodities business. Highly complex, global and multi-faceted supply chains are often the biggest...

Ensuring your supply chain is ready for natural disasters

Source: Supply Chain Digital

Engineering and Manufacturing businesses are constantly subject to risk. Natural disasters in particular create a significant external challenge for supply chains. By 2030, DHL has estimated that the annual global economic impact of natural disasters could be up to €328 billion. A recent example is Iceland’s biggest volcano, Katla, which is expected to erupt following a series of earthquakes in the country. In 2010 the eruption of another Icelandic volcano Eyjafjallajokull, caused chaos to the global air industry delaying both commercial and industrial flights as a result of the dangerous ash cloud...

How a Small Hospital Developed Lean Supply Chain Management

Source: Rev Cycle Intelligence

A North Carolina-based community hospital saved over $2.62 million by implementing lean healthcare supply chain management processes. When hospitals start to dig into how their organizations can reduce healthcare costs without lowering care quality, many run the risk of overlooking several cost-cutting opportunities in their healthcare supply chain management process. But developing a more strategic supply chain management approach can help providers optimize more than simply their stock room procedures...

5 Ways to Create Procurement & Sourcing Value Through Integrated Supply Chains

Source: EBN Online

As many in supply chain management know, sourcing and procurement professionals are tightly linked to value in the supply chain; the price of locating and managing materials obviously effects profits. However, many fail to realize is value in the supply chain is derived from more than just calculating sales minus costs. In fact, "softer" skills like collaboration and relationship building may be just as important as unit price in creating customer value and reducing supply chain risk. There are a number of strategic ways that managers can add lasting value in sourcing and procurement...

Top 20 Supply Chain Management Software Suppliers

Source: Logistics MGMT

The story for the 2015 market for supply chain management (SCM) software, maintenance and services is a tale of two currencies, according to Chad Eschinger, vice president at the research firm Gartner. Measured in current currency—that is a comparison of results based on currency values for 2014 and 2015—the market grew by about 2.8% to $10.145 billion. That total includes applications for supply chain execution (SCE) (+3.4%), supply chain planning (SCP) (+3%) and, for the third year in a row, procurement software (+1.9%), which is increasingly integrated with supply chain management...

Managing Your Supply Chain Through Uncertainty

Source: Oil and Gas Journal

Macroeconomic headwinds help define the rules of engagement in the Oil & Gas industry. Best in class companies maintain supply chains that successfully weather the challenges of a changing operating environment through strong cost management. Join executives from Ryder who will discuss these challenges and how to sustain cost improvements in supply chains over the long term Macroeconomic headwinds help define the rules of engagement in the Oil & Gas industry. Best in class companies maintain supply chains that successfully weather the challenges of a changing operating environment...

Honeywell launches portfolio of supply-chain & production-management software

Source: Smart Industry

Honeywell Process Solutions (HPS) announced the launch of Symphonite, a portfolio of supply-chain and production-management software services designed to boost supply-chain reliability, responsiveness, agility and efficiency for a range of manufacturing industries. Bringing together existing technologies with new product releases into an integrated portfolio, Symphonite software and services offer an end-to-end solution for oil and gas, Symphoniterefining, and mining, metals and minerals industries, according to ...

SCM Software Market, Chinese Industry Trends

Source: PR Newswire

This report estimate 2016 - 2021 Supply Chain Management Software Industry Cost and Profit with Market Competition of Supply Chain Management Software market by Country: (Including Europe, U.S., Japan, China etc.), By Company and Application. Complete report on Supply Chain Management Software market divided into 11 major chapters that offer an overview of current market scenario as well as 2021 forecasts is now available at http://www.reportsnreports.com/reports/629488-global-and-chinese-supply-chain-management-software-industry-2016-market-research-report.html....

Healthcare Supply Chain Management Market by Component

Source: PR Newswire

The healthcare supply chain management market is projected to reach USD 2.22 billion by 2021 from USD 1.45 billion in 2016, growing at a CAGR of 8.9% during the forecast period. Factors such as the Unique Device Identification (UDI) initiative by the FDA, growing adoption of cloud-based solutions, increasing pressure faced by hospitals to improve operational efficiency and profitability, and compliance of the G1 system standards in various countries are driving the growth of the global healthcare supply chain management market in the forecast period...

The Case for Leveraging Supply Chain Management Platforms

Source: 3BL Media

After interviewing 70 leading companies, the UN Global Compact and EY found that companies are overcoming supply chain transparency challenges by leveraging supply chain platforms. The UN Global Compact and Ernst & Young recently released the report “The State of Global Supply Chains,” in which they conducted interviews with 70 leading companies pertaining to their supply chain transparency practices. The report revealed that the most widely reported challenge for companies is in achieving supply chain transparency beyond the first tier of suppliers. The sheer number of suppliers and...

Managing food supply chains

Source: FST Journal

Child labour, forced labour, human trafficking, unsafe and hazardous working conditions, inadequate labour protection, ecosystem degradation, habitat destruction and land disputes all represent undesirable impacts of industrial activity. Companies in every sector, including food businesses, are under increasing pressure to be transparent about how they mitigate potential social and environmental impacts and risks in their supply chains. With regulations, such as the United Kingdom’s Modern Slavery Act of 2015 and the California...

The Evolving Role of 3PLs in Supply Chain Management

Source: Logistics MGMT

An examination of the breadth of services today’s third-party logistics providers (3PLs) have to offer and how shippers can create a long-lasting, mutually-beneficial relationship with today’s more multi-faceted service partners An examination of the breadth of services today’s third-party logistics providers (3PLs) have to offer and how shippers can create a long-lasting, mutually-beneficial relationship with today’s more multi-faceted service partners An examination of the breadth of services today’s third-party logistics providers (3PLs) have to offer and how shippers can create a long-lasting...

Hanjin: A Direct Hit, Plus Collateral Damage

Source: SCMR

The demise of a major carrier should be no surprise; three years of dropping ocean freight rates resulted in three years of losses estimated in the $ 16 billion range. With the majority of the carriers except Maersk and Hapag-Lloyd not offering financial results, one must look at the forced Cosco-CSCL merger, the Zim restructuring, or the rapidly-arranged Hapag-UASC merger to understand the severity of the lossesShippers bear substantial responsibility. Despite years of claiming reliability was more important than price...

Supply Chain Risk Management in the Spotlight

Source: Supply Chain Blog

A few days ago, the world’s seventh largest container shipping company by volume, Hanjin Shipping, filed for bankruptcy protection. A lot of the products being shipped by Hanjin are headed to U.S. and European retailers (toys, electronics, clothing, furniture, etc) getting ready for the holiday season. However, many ports are not allowing these ships to dock due to the risk of creditors seizing the ships, and any such event will cause congestion in the ports According to sources, Stevedores are demanding advance payment in cash. As Hanjin is fighting to prevent seizure by creditors...

Women in Supply Chain

Source: SCMR

In recent years, company after company have launched initiatives to close the much discussed supply chain talent gap. After all, the supply chain has become an increasingly critical component of business strategy and business transformation, and the capabilities required for the future are very different from those required in the past. The ability to recruit, develop, retain and advance great leaders will put companies at a competitive advantage in their ability to innovate, create value for customers and improve supply chain performance...

Automating supply chain decision-making

Source: Logistics MGMT

Much like today’s automobile manufacturers are focused on taking individuals out of the driver’s seat and giving them a lesser role in turn-by-turn vehicle operations, Jabil Circuit has spent the last four years honing a highly automated, digital supply chain that requires much less hands-on attention. “We want to reduce the amount of time that we, as supply chain managers, spend in the driver’s seat by automating a lot of the activities we handled in the past,” says Fred Hartung, vice president of supply chain and global logistics for Jabil...

4 Ways Supply Chain Management Has a Higher Purpose

Source: Supply Chain Blog

My wife’s phone rang as we were driving home from the restaurant. I turned off the music and the kids had gone quiet as she answered the phone. It was a distraught mother at the other end of the line. She was nervous and was calling about her toddler’s fever that would not go down. My wife talked to her in a calm voice, told her what she needs to do for the night to keep the fever under control, and advised the mother to bring her toddler to the clinic the next morning. With her nervousness abating, the mother profusely thanked her and hung up. As a parent of young children myself...

How Manufacturers are Applying New Technology to Improve Operations

Source: Spend Matters

The manufacturing industry may have a long way to go in applying advanced technologies and analytics to improve supply chain management. UPS and IDC recently surveyed more than 100 manufacturing operations professionals to determine technology maturity levels throughout the industry — specifically if and how companies were applying the internet of things, big data and other technologies to enhance manufacturing processes. Applying these technologies is creating a new approach to manufacturing operations, what UPS and IDC called “smart operations,” in their report, “The Rise of Smart Operations...

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