article thumbnail

The 3 Pillars of Supply Chain Management (And Why Their Alignment Matters)

Logistics Bureau

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. Aligning strategy, service, and financial factors in your supply chain operation is essential to support your company’s overall business strategy , mission, and objectives. The Importance of Alignment.

article thumbnail

How Fleet Management Professionals Can Leverage IoT Technology

IoT World Today

As a sensor node can be attached to nearly anything in a vehicle that a manager wants to keep track of, nearly any type of data can be collected. One of the possible strategies to reduce fuel consumption is to use sensors to study a vehicle’s acceleration, braking, idling and other habits that influence fuel efficiency.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retail Supply Chains: The State of Play in 2021

Logistics Bureau

Some have hit on the right strategies and are thriving in the new normal, and others are struggling. It was perhaps fortuitous that Target began implementing a strategy to focus on fulfillment from stores back in 2019. I have perhaps made much of the ship-from-store strategy pursued by Target, but its influence is significant.

article thumbnail

Retail Trends: The Growing Demand for Click and Collect

Bringg

Back in 2017, the Click & Collect Retail Consumer Preference Study revealed that nearly one third of shoppers made an online purchase and subsequently picked their order up at a store during the 2016 holiday season. To justify the price of square footage, retail locations must now serve as a node in eCommerce fulfillment.

Trends 118
article thumbnail

What is the Hyperconnected Era & “The Internet Of Things” and What does it Have to Do with Manufacturing & Logistics?

GlobalTranz

In 1994 Reza Raji described the concept in IEEE Spectrum as “[moving] small packets of data to a large set of nodes, so as to integrate and automate everything from home appliances to entire factories” However, only in 1999 did the field start gathering momentum. According to Gartner, Inc.,

article thumbnail

Emergency response: Weathering the storms

Automotive Logistics

At Ford, for example, Bong points to the use of a sophisticated forecasting, monitoring and action tool that the company started using several years ago, which maps and monitors every node in the supply chain. The information gleaned from this type of study could assist insurers in establishing limit controls.

article thumbnail

6 Critical Success Factors in Distribution Network Design

Logistics Bureau

Competitor intelligence: Distribution strategies and network designs of your competitors. First and foremost, of course, you should ensure the objectives for your distribution network align with those of your supply chain strategy , which in turn should support the overall goals of your business.