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Supply chain trends to watch out for in 2023

Logistics Business Magazine

However, we’re also seeing increased supplier collaboration, where customers are sharing inventory levels and demand data with their suppliers, which historically has been disconnected. Historically, this product ‘footprinting’ exercise was both tedious and expensive. It’s going to get bigger and bigger.

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COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. Because capital costs are higher, however, company leaders must study the finances and determine if such a move would improve your ability to serve customers while remaining competitive. 3) Shorten Your Supply Chain—Source Locally.

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8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Mini Case Study: Walmart. If your supply chain network design has not been under the microscope, and you care about business success, it’s probably time to consider the benefits of a design review and optimisation exercise. Mini Case Study: Whirlpool.

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Reality check

Automotive Logistics

A two-month study suggests a 22% time-saving and a 33% reduction in errors over a typical eight-hour shift when using the technology, and employees have proved to be satisfied with the user interface, says Murauer – though there have been some reports of hardware-related discomfort to the nose and temples, she admits. .

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Cost To Serve – A Smarter Way to Improved Supply Chain Profitability

Logistics Bureau

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. If profits start to decline afterwards, your CTS data can offer valuable information about what changed and how to get back on track.