Online retailers are waking up to the fact that getting logistics right is the key to succeeding in India. While they can do little about the potholed roads and local government restrictions, the ventures are investing and innovating in areas that they can make a difference in.
Over the next 10 years, online retail will continue to gain popularity in both developed and emerging markets and as a result, logistics companies are set to play a key role in providing vital supply chain management solutions that are able to evolve with consumers' changing shopping habits.
Demand planning has a big impact on business performance. Planning error can put revenue at risk by driving component shortages. Persistent planning biases can tie up cash by driving excess inventory. Furthermore, the act of planning and dealing with planning error is time consuming and drives costly overhead. In fact, it is common for supply chain management executives to cite "planning errors" as the greatest obstacle they face to achieving their goals and objectives.
Descartes Systems Group has acquired Customs Info LLC, a U.S.-based provider of trade data content to populate global trade management systems and streamline trade automation.
LLamasoft Inc., a vendor of supply-chain design software, has developed a new release of Transportation Guru, its application for transportation network design.
Finding logistics workers with the right skills is a growing challenge for all companies. One approach that promises to help is a national certification program funded by the Department of Labor and being developed by two universities and nine community colleges.
We're all familiar with maturity curves, but how helpful are they really? Telling a company how mature they are, based on academic factors, means next to nothing if it's not rooted in practical applications that relate to a procurement professional’s day-to-day work.
The Middle East offers "extremely lucrative" opportunities for companies able to take advantage of the region's emergence as a global logistics hub, said Essa Al-Saleh, president and CEO of Agility Global Integrated Logistics.
Supply chains in engineering and manufacturing lag ten years behind other industries. So says research by Lisa Harrington of lharrington group, who argues that engineering and manufacturing businesses must re-evaluate their approach to supply chain management and respond to their industry's driving trends to remain competitive in today's volatile business environment.