July, 2014

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Noob Guide to Supply Chain Management Definition

Supply Chain Opz

'What is the definition of supply chain management? Despite the popularity of this concept, there are considerable confusions among the practitioners. Because, each professional organization has its own version of the definition. In this article, we will show you 6 attributes that will make you understand more about the meaning. 1) It''s a network Many companies have the department that controls various activities within the supply chain.

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A shift in philosophy: basketball and your demand forecast

The Network Effect

'In January 1971, Fordham University Rams played an NCAA basketball game against the then mighty University of Massachusetts Redmen team. The game was played in Amherst, at the legendary arena known as the Cage. UMass, at the time, was almost unbeatable and hadn’t lost a game at The Cage for almost 2 years. They were led by none other than the famous Julius Erving – Dr.

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10 CEOs Reveal Favorite Operations Management Book

Supply Chain Opz

'Operations Management is a subject taught in business school anywhere in the world. However, classic textbooks seem to have the same teaching approach, content outline and even case studies. Then this article will show you what operations management really is, why it''s important to supply chain professionals and 10 books that inspire some of the world''s business leaders.

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The Noob Guide to Supply Chain Definition

Supply Chain Opz

'What is the definition of supply chain management? Despite the popularity of this concept, there are considerable confusions among the practitioners. Because, each professional organization has its own version of the definition. In this article, we will show you 6 attributes that will make you understand more about the meaning. 1) It''s a network Many companies have the department that controls various activities within the supply chain.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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Operations Management: CEOs Reveal 10 Favorite Books

Supply Chain Opz

'Operations Management is a subject taught in business school anywhere in the world. However, classic textbooks seem to have the same teaching approach, content outline and even case studies. Then this article will show you what operations management really is, why it''s important to supply chain professionals and 10 books that inspire some of the world''s business leaders.

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Lost in Translation-Incorporating Consumer Demand into your Supply Chain

The Network Effect

'It’s interesting how a small mistranslation can drastically change the intended meaning of a word or phrase. While the result can often be humourous, that’s not always the case. A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. dollar and instead allow it to float.

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Today’s Final Delivery Trends: Where Does Your Company Stand?

The Network Effect

'What does the phrase ‘get local’ mean to you? No, it doesn’t mean ‘get local’ while traveling or ‘get local’ in your neighborhood. It’s a call to action for supply chain leaders everywhere. From a supply chain perspective, ‘get local’ means meeting your customers’ final delivery demands—from personalization to speed of delivery (and everything in between).

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THE INTERNET OF THINGS: HOW “PROCESS ROBOTS” ARE Transforming Supply Chains (PART 3)

The Network Effect

'This part three in a series of posts. In part one , I introduced the concept of “process robots”, and showed how they are already being deployed within supply networks to automatically do the work. In part two, I showed how process robots can be used to match supply and demand across a global supply network. Today I want to show how with advances in platform as a service (PaaS) and cloud infrastructure, there has been significant progress in permission based access and data level security, whic

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Consumer-Driven Watch: Smart Shoppers Choose X

The Network Effect

'Over at Bloomberg View, Cass Sunstein has a great piece on a new study that provides insight into the behavior of today’s consumer. The central question is why do we buy brand name products instead of the cheaper store brand? For the first time, we have solid answers, thanks to a study by Dutch economist Bart Bronnenberg of Tilburg University and three colleagues from the University of Chicago.

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The Upcoming Alibaba IPO: What’s in a Name or Number?

The Network Effect

'Since 1999, when Alibaba first started their marketplace of Alibaba.com, it has been clear that the Chinese company has a strong passion for the U.S. With the recent news of Alibaba going public, some are surprised that they selected the New York Stock Exchange (NYSE) over NASDAQ, that the ticker symbol will be “BABA” and in my view, puzzled as to why the date and price of the IPO will involve the numbers “8?

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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Consumer-Driven Watch: Smart Money Buys Brand X

The Network Effect

'Over at Bloomberg View, Cass Sunstein has a great piece on a new study that provides insight into the behavior of today’s consumer. The central question is why do we buy brand name products instead of the cheaper store brand? For the first time, we have solid answers, thanks to a study by Dutch economist Bart Bronnenberg of Tilburg University and three colleagues from the University of Chicago.

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Unlocking the Value of Global Supply Chain: the Case Studies

Supply Chain Opz

'Global supply chain is a very challenging subject in supply chain management because it involves different customer''s requirement, more complex operations/collaboration and unforeseen risks. Then this article will show you 6 basic strategies that many world''s leading companies use to capture the value in globalization. 1) Outsourcing Volkswagen Group has the goal to offer safe but attractive cars consists of a broad range of product categories such as, - Sporty cars such as Audi and Lamborghi

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6 reasons you should watch this video about Alibaba

The Network Effect

'How many of you have heard of Alibaba, the Chinese e-marketplace? Alibaba is the fastest growing e-commerce company in the quickest growing market in the world. I recently sat down to discuss how Alibaba is changing the way supply chains are viewed in the U.S.Here are the top 6 reasons why you need to watch The Alibaba Effect : Alibaba does 80% of the online business in the largest e-commerce market in the world.

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Why the West Coast Ports Labor Dispute Matters to Retailers

The Network Effect

'By Chris Ferrell. Director, Tompkins Supply Chain Consortium. Retailers are paying close attention to labor disputes threatening to bring a stop to imports coming in to West Coast ports. They are anxiously awaiting (and hoping for) a successful dock worker agreement between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA).

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea