Management

Management (234)

Fearless Predictions for 2016

561-futurecrystalballYep, it’s that time of year…. time to reflect on how our predictions for 2015 turned out and to look in our crystal ball to guess what may be the compelling stories of 2016. It’s a tough job but somebody’s gotta do it!

2015 was big for supply chains, electronic commerce, and all the technologies ec-bp.com readers follow. Around this time last year, I wrote that we’d see lots of interest in cloud technology, omnichannel consumers, driverless vehicles, robotics, drones, 3D printing and, most importantly, Big Data and IoT. In retrospect, that was like shooting the proverbial fish in a barrel. We indeed witnessed high levels of activity for all those topics, but allow me to make a few quick observations......

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Using Behavior to Your Advantage

irrationalIt’s the start of a new year and once again, I set goals for the year. These are different than “resolutions” as I fully intend on meeting them. Some of these goals are the same from year to year: get in better shape, spend more time with my family, work smarter (not necessarily harder), decrease expenses, increase revenue,  be the change I want to see in the world,  end world hunger, get a super power... and this year I added a new goal to the list. I will walk 1,000 miles in 2011. Instead of approaching this goal rationally, like I’m prone to do for any project, I wanted to apply the ideas in the book Sway: The Irresistible Pull of Irrational Behavior, by Ori and Rom Brafum. If I behave irrationally naturally, as the authors point out, I may as well behave irrationally in a way that helps achieve my objectives.

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How's Your Trading Partner Meeting Working Out?

merging"Both sides would get what they wanted; that has always been our mantra." That sounds like a worthy goal in any relationship. How successful in real-world practice, though, is cultivation of the retailer-supplier pairing?

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Supply Chain Management Dashboards Growing

dashboard onlineThere’s nothing necessarily new about dashboards – software that serves as a control panels for enterprise applications and provides high-level views of a variety of performance and data-intensive information. But what’s clear is their growing importance for supply chain managers. Read more...

Outsourcing EDI Is The Way To Go, Says Expert

outsourceAccording to James H. Davis, director of sales of Amosoft, an EDI provider, a vast majority of “all commerce is done through EDI.” Because of its unparalleled importance to the success of supply chain communications, it is imperative for trading partners to speak the same shipping language or hire an outside resource to communicate for them. Read more...

Dropshipping and Drones – Today vs. Tomorrow

amazon-drone-deliveryThe only drone developments that directly impact dropshipping in the USA  today are Amazon and Google  testing drones developed for delivering goods to customers. Read more...

Difference Between Outsourcing and Managed Services

outsource managed servicesAs Supply Chain Management (SCM) grows, so does the electronic commerce interface that is required. After all, you cannot run Supply Chain Control Tower unless all the pieces of the puzzle are present. Let's discuss specifically suppliers. Read more...

Scorecards vs. Continuous Compliance Monitoring

cycle-300x300Monitoring vendors for compliance is, obviously, a key to both good business and good business relationships. Relationships between retailers and vendors are, at best, complicated and difficult; at worst, as many buyers have painfully learned, the partnership can become chaotic and nearly impossible. Read more...

Does The View You Are Seeing Tell The Whole Story

blue skyHmmm! We have a Supply Chain Control Tower, we see EVERYTHING. Yes, we made a list of every element in our supply chain. Now we find that not all the data feeds are  Integrated!!! Read more...

Outsourcing Compliance Optimization

optimizationAll suppliers, including the ones who communicate in a clear and timely fashion, and who consistently deliver on time, need to be monitored. Compliance optimization, which includes tracking and identifying performance issues and communicating issues to suppliers, pays off for both parties. When supply chain problems are identified at a detailed level, addressed, and fixed, the retailer-supplier partnership benefits. It becomes more efficient and more profitable. Read more...

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