article thumbnail

What is the difference between the 2003 and 2023 “digital” outcomes?

Procurement Insights

August 2003 Case Reference By August 2003, a full production program was introduced and successfully tested. (In Questions What are the differences between the 2003 and 2023 case references? Delivery performance and product quality also improved dramatically.) What are the common denominators?

Buyers 72
article thumbnail

What can the great North American blackout of 2003 teach us about supply chain complexity, vulnerability, and resiliency

Procurement Insights

Here is an excerpt explaining the cause of the 2003 blackout: “A series of faults caused by tree branches touching power lines in Ohio, which were then complicated by human error, software problems, and equipment failures.”

professionals

Sign Up for our Newsletter

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

article thumbnail

Measuring Transportation Vehicle Utilization: The KPIs

SCMDOJO

However, measuring space utilization presents challenges: Lack of volumetric data: Comprehensive data on freight volume is often lacking, hindering industry-wide analysis (McKinnon, 2003). Research indicates that a significant portion of a truck’s time is spent idle or empty (McKinnon and Ge, 2004; IGD, 2003). Kearney, A.

article thumbnail

Why are liquid networks in procurement important to understand?

Procurement Insights

In August 2003, the new technology successfully went live in a production environment for the DND. February 2025 – Liquid Networks and ProcureTech AI share a deep connection in how they transform procurement into a fluid, dynamic, and data-driven process.

article thumbnail

Are Diminishing Returns Undermining AI Initiatives The Way It Did With ERPs?

Procurement Insights

Referencing the direct material 2003 ERP story from Procurement Insights (see below), here are the core points to consider: The faster the gains on tech, the more rapid the decline in value – diminishing return. The practitioner agrees to pay licensing and maintenance fees to an ERP solution provider.

article thumbnail

Potential Efficiency Improvements: Vehicle Efficiency in Businesses

SCMDOJO

Biofuels, derived from renewable sources like plant materials, boast a lower carbon footprint while still being compatible with existing diesel engines (often in blends) (Khare & Sharma, 2003). Sharma (2003), Fuel options, Chapter 9 in Hensher, D.A. & Button (eds.),

article thumbnail

Watch: How to Overcome the Talent Drought in Logistics

Supply Chain Brain

People think the labor shortage in logistics happened because of the pandemic, but it actually started back in 2003, says Jennifer Sheets, CEO and president of MasterStaff.