Sustainable Supply Chain Management, and How it Can Save Millions

Source: Healthcare Finance, USA

  • New York City Health and Hospitals is staring down a $673 million operating loss from the past fiscal year and a budget gap that is equally daunting. So when it comes to cutting costs and finding the savings that will help bridge the gap, the system has turned its attention to their supply chain management, where they plan to save $137 million through a host of initiatives. Rick Conlin, a founding partner of the Advisory Board's supply chain ....

Global Healthcare Supply Chain Management Market Worth 2.4 Billion USD

Source: MedGadget, USA

  • Healthcare Supply Chain Management is one of the notable, rapidly growing industries globally. It includes various segments such as medical devices, pharmaceuticals, information technology, and services, all of which are developing at a fast pace. The Healthcare Supply Chain Management market is expected to reach 2.4 B USD by 2022 from 1.5 B USD in 2016, at a CAGR of 8.7%. On the basis of geography, the market is ....

Addressing Risk In Big Data is Key For Supply Chain Management

Source: Supply Chain Management Review, USA

  • Boise, Idaho-based TruckStop.com, the umbrella brand for multiple logistics technology and support software companies, recently named Noël Perry as its chief economist, though he will continue to provide independent consulting services and remains a managing partner with research firm FTR Transportation Intelligence ....

5 Keys to Supply Chain Management Success

Source: CIO, UK

  • As technology has spun forward, so has how supply chains work and the best practices to manage them. Below are five keys to supply chain management success in the age of the internet of things (IoT), cloud computing and hackers looking to get at the same customer data that is driving your business. Doug Farren, managing director of the National Center for the Middle Market, calls this the holy grail of supply chain management ....

Supply Chain Integration: Enabling Supply Chain Growth

Source: Supply Chain Management Review, USA

  • The concept of supply chain integration can mean different things depending on the size and scope of a particular supply chain, but generally speaking, we define it as all stakeholders along the supply chain sharing the same objective (move the right product to the right place at the right time for the right price to delight the customer/end user), being aligned in their efforts to achieve this goal and collaborating with one another via systems ....

Planning for the Supply Chain of the Future

Source: Forbes, UK

  • Digital is disrupting traditional models and reshaping entire industries. This infographic looks at seven trends that are transforming supply chains, and how companies can plan for the future ....

Supplier Relationship Micro Management

Source: Supply Chain Management Review, USA

  • Any organization is only as good as the people that work for it, and this standard extends to the supplier base and business partners as well. However, companies today are working in a supply-side pressure cooker with 46% of supply chain professionals across all industries under the strain of rising supply chain management costs ....

Supply Chain Management to Expand Substantially Over 2017, says Gartner

Source: ITP Net, UAE

  • Gartner's latest report on the global supply chain management (SCM) market has found that the segment will surpass $13bn in total software revenue by the close of 2017. Marking an 11% increase over 2016, Gartner has also projected that the market will reach $19bn by 2021, driven by new opportunities with Software-as-a-Service (SaaS). The move to SaaS diverts costs away from a traditional CAPEX to an OPEX model, and as a result ....

HSBC Enters New Supply Chain Finance Partnership

Source: Global Trade Review, UK

  • HSBC has entered into a partnership with GT Nexus, a provider of cloud-based business applications, to expand its supply chain finance offering. GT Nexus’ supply chain management platform provides companies with end-to-end connectivity, visibility and collaboration with suppliers, customers and other supply chain partners, helping them to optimise the flow of goods, funds and information from order to final payment ....

Drug Supply Chain Tracking Challenges FDA and Manufacturers

Source: PharmTech, USA

  • International system for identifying and tracing drugs through the global supply chain are moving forward, despite multiple hurdles for regulators, manufacturers, and distributors. FDA recently announced that it would delay enforcement of requiring manufacturers to add product identifiers to drug packaging, a key step for establishing an interoperable drug tracking system by 2023 that will reduce drug diversion ....

Kenco’s 3PL Study Points to Need for Innovation … Now

Source: Supply Chain Management Review, USA

  • While new and improved supply chain innovations are always making headlines, a recent survey conducted by Kenco reveals that awareness and interest are not the same as adoption. Kenco, a leading provider of integrated logistics solutions, real estate services, and material handling equipment, recently surveyed supply chain leaders from a range of industries to get a deeper understanding of how they ....

CMMS Advances are Improving Inventory Control but Few Systems have a Complete ERP

Source: Healthcare Drive, USA

  • Hospitals depend on their supply chains for critical medications, medical equipment and a host of other items that keep operations running smoothly and ensure patients get the best possible care. Keeping track of the tens of thousands of supplies in their inventory can be daunting, yet many hospitals still used outdated systems of inventory management. In a recent Cardinal Health-SERMO survey, only 17% of hospitals ....

Global Logistics: No Shortcuts to Security

Source: Logistics Management, USA

  • Months before the infamous malware attack known as “Petya” hit Maersk, Fedex and other logistics companies in June, commercial insurer Allianz Global Corporate & Specialty (AGCS) warned logistics and supply chain managers that breaches in cyber security were of utmost concern. As stated in its annual “Safety & Shipping Review 2017,” the threat of cyber attacks continues to be real—and quite significant ....

Plan to Improve Management of Defective Aviation Parts Should Be Enhanced

Source: GAO, USA

  • GAO’s review of the Defense Logistics Agency’s (DLA) management of defective aviation parts found that DLA’s plan for corrective action partially addresses each of the four elements in the House report regarding deficiencies in DLA’s management of defective aviation parts. These elements relate to: (1) coordinating and pursuing restitution; (2) searching inventory to identify and remove defective parts ....

Change Your Logistics Game with Optimization

Source: Logistics Management, USA

  • The world of logistics is more volatile and competitive than ever before. The decisions you make must be fast, accurate, and satisfy all KPIs and constraints – at the same time. Here is a guide to discover: The importance and impact of optimization, The capabilities of a game-changing optimizer, and The power of optimization to transform your operations ....

The Amazon Effect and Your Supply Chain

Source: Supply Chain Management Review, USA

  • Technology advancements over the past 20 years have given birth to the “now economy.” Because of the mobile and digital revolutions, customers today are savvier, less patient, and have near infinite options available to them. Technology has also changed the way we shop and interact. It’s the “Now Economy” driven by the “Amazon Effect" ....

Wall Street Journal - Top Supply Chain and Logistics News

Source: Wall Street Journal, USA

  • WSJ Logistics reports write that the approval pushes off prospects of a repeat of the contentious talks of 2014 and early 2015, when the nation’s busiest ports ground to a near-standstill. The deal marks a kind of challenge to organized labor at ports on the East and Gulf coasts, where operators hope to use the opening of an expanded Panama Canal to lure more cargo. At stake are jobs, along with untold millions of dollars to get ports, ....

Diesel Prices Are Up for Sixth Straight Week

Source: Logistics Management, USA

  • The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon of diesel gasoline increased for the sixth consecutive week. With a 5-cent increase, the average price per gallon is now at $2.581 and is up 26.5 cents compared to the same week last year. Over the past six weeks, diesel has headed up by a cumulative 11.6 cents. West Texas Intermediate crude oil is currently trading at $49.64 ....

Compartmentalized Trucks Cut the Cost of Grocery Distribution

Source: Supply Chain Management Review, USA

  • In Europe, distribution can account for as much as 20% of total logistics costs in the grocery supply chain. Since margins are generally thin, there is an obvious imperative to maximize the efficiency of supply chain operations. Groceries need to be stored and transported at different temperatures depending on the nature of each product – so why not rationalize the distribution of these items by accommodating different temperature ....

Life is Complicated. Supply Chain Management Shouldn’t Be.

Source: 21st Century Supply Chain Blog, USA

  • Rushing kids out the door, walking the dog, navigating traffic—life is complicated enough without having to deal with overly complex supply chain management processes. Unfortunately, increasing consumer demands, growing globalization and mounting pressure to stay profitable in an ever-changing world is the new reality, and for many it means working harder than ever. Just because supply chains are getting ....

Bloq Outlines Blockchain Solutions for Trade Finance and Supply Chain Management

Source: Bitcoin Magazine, USA

  • Bloq, a Chicago-based blockchain developer and software startup, is now developing blockchain platforms and best practices for one of the most promising use cases for blockchain technology: trade finance and supply chain management. Interest in the use of blockchain for trade is growing rapidly as companies and organizations like IBM, Microsoft, Hyperledger, JP Morgan and Walmart recognize that antiquated trade systems ....

Toyota, Mazda to Open New US Plant as States Court New Jobs

Source: Supply Chain Dive, USA

  • Within weeks, Foxconn and now Toyota/Mazda have chosen to build U.S. manufacturing facilities, reaching out to the American market at a time when presidential pressure on local production is at it greatest height within decades. The three companies' decisions reflect two growing trends in supply chain management: The need for closer production plants as product-to-design cycles shorten, and the decision to mitigate ....

Oracle Updates Supply Chain Management Suite

Source: DC Velocity, USA

  • Business software giant Oracle Corp. released a suite of updates to its supply chain management product today and said the cloud-based platform now supports the warehouse management system (WMS) that it acquired when it bought LogFire Inc. last year. Redwood Shores, Calif.-based Oracle will include the WMS module in the latest version of its Oracle Supply Chain Management (SCM) Cloud product, which is part ....

Ten Timeless Truths of Supply Chain

Source: Forbes, UK

  • Change is a fact of life, and supply chain seems to be in a state of revolution these days, with technology in particular mixing things up. Some things, however, remain the same. Here are 10 truths that you can count on for the long run: (1). Supply chain is physical – Although this is not absolutely unique among business functions (R&D, for example, deals in materials), few businesspeople really grasp the possibilities and limits of matter ....

Global E-commerce Logistics Market 2017-2021

Source: Markets Insider, USA

  • The e-commerce logistics consists of an e-retailer and a logistics platform. The responsibility of an e-retailer is to approve the online purchase of the customer and transfer it to the logistics platform. The e-commerce logistics services include transportation, warehousing, and other services like inventory management, IT services, management of fulfillment operations, and performing supply chain network ....

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