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The digital economy is putting pressure on traditional supply chain models to conform to the “now” generation. To avoid disruption, companies must give customers what they want, when they want it and how they want it. Look no further than headlines about the “sharing” economy exemplified by Uber; Amazon’s experiments with drone delivery; or the Internet of Things, which promises to revolutionize supply chain management efficiency by directly connecting millions of “smart” components. In the face of rapid innovation, modern supply chains must evolve to ensure end-to-end visibility, advanced analytics and cross-functional collaboration.  

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ERP Solutions, Especially Mobile and Cloud-based Solutions, Are Vital to Competitiveness and Quality in the Food Supply Chain

ERP software is transforming supply chains across industries, and as mobile- and cloud-based ERP solutions become pervasive they become powerful tools that drive competitiveness by streamlining processes, improving efficiencies, reducing waste and empowering employees to be more productive. In fact, ERP analyst firm Panorama Consulting predicted that in 2016 there will be an increase in ERP adoption among small to mid-sized organizations as new cloud-based Software as a Service (Saas) and mobile ERP applications became more accessible. In the food supply chain industry, ERP solutions also play a vital role in ensuring consumer safety and pinpointing quality issues quickly, before they become major incidents.

question mark 1119853 640When it comes to supply chain management, just about any kind of issue or problem—if not an emergency—can surface at any time. Such matters as appropriately timing orders, ensuring that stock does not run out, over-reliance on one supplier, dealing with product delays, and product quality concerns are just a few of the issues that find their way into the in-box of supply chain managers on a regular basis.

The most common reaction after being notified of such matters, even with the most experienced supply chain managers, is what can best be described as confusion. How did this happen? Who’s working with this supplier? How long will it take for the product to come in? Who is affected now because of this?

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All companies are continually on the lookout for ways to improve their offerings. Third-party logistics providers (3PLs) are no different, and are regularly trying to develop new and innovative ways to work with shippers while keeping costs as low as possible for customers. 3PLs can utilize technology to gain a competitive edge, save money and better collaborate with their partners. The following are the latest trends 3PLs can capitalize on to make the most out of those partnerships and improve their business.

Managing Supply Risk in Uncertain Times

In today’s business environment, risk management continues to gain widespread recognition and support. Driven by the board of directors and embedded throughout every level of the organization, proactive risk management is being viewed as a strategic imperative with the ultimate goal of improving corporate performance. Yet while many business functions such as credit, finance, operations, and information security have embraced the value of managing risk across the enterprise, some supply management leaders are playing catch-up and have been much slower to dedicate scarce resources to prevent or minimize the impact of an issue they hope might never occur. As a result, in some procurement organizations, risk management has fallen to the bottom of the priority list, often leaving them and their supply chains just one issue away from a major disruption.

 

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