In recent years, the supply chain industry has undergone significant changes. With the advent of e-commerce, businesses are under increasing pressure to keep pace with growing customer demands, shorter product lifecycles, and global competition. Multi-enterprise business networks have been an effective first step to meeting these challenges and leveraging the vast potential of this new landscape.
Detailed location technology can have a significant impact on the efficiency and effectiveness of supply chains. Here are four ways in which the technology can prove critical to business operations.
Looking to generate more profit from its online unit, Walmart wants to start storing and shipping products for third-party vendors for the first time — just as rival Amazon.com has done for years.
Challenge: In 2017, a global third-party logistics provider’s more than 400 distribution sites and warehouses were purchasing labels and other consumables from multiple sources — often incurring excessive shipping costs and chargebacks due to poor-quality, unscannable labels. The company needed a cost-effective solution to contain increasing costs, plan budgets, ensure consistent quality and improve customer satisfaction.
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