The Hacket Group announced earlier this year that they would be restructuring their procurement process onto a digital platform. The company claimed that, after digitization, they could predict demand with greater acuity and saved on nearly half the cost of procurement.Continue Reading
In 2018, Samsung surpassed Apple to become the largest smartphone manufacturer in the world and has been slowly increasing the gap ever since. Samsung’s recent success could be due to its approach to supply chain management. One of its most notable strategies is its supplier selection: once the most attractive supplier is found, Samsung administration will collaborate on an operational level with its supplier to ensure that there is complete...Continue Reading
Price comparison sites have become all the rage in today’s industries. When searching for the cheapest alternative, companies either find websites that post price comparison tables or even employ their very own scraping algorithm to collect information off of numerous websites. Sales teams across the globe are finding it increasingly difficult to pitch to customers because their negotiating power has become limited due to implementation of these tools.Continue Reading
Logistics companies fear that carriers, specifically in the trucking sector, will suffer from labor shortages in the hundreds of thousands within the next decade. One solution to this problem is the development of autonomous vehicles. UPS recently announced to continue its partnership with Tusimple. The partnership has been utilizing level 3 autonomous vehicles for delivering goods and claims that level 4 autonomy is on the cusp. This level of autonomy...Continue Reading
Artificial intelligence and machine learning have been involved in several revolutionary technologies since their conception, and supply chain management is no exception. The speed of optimization heuristics implementing AI technology can provide a much needed edge over competition. These heuristics can ascertain real-time solutions with classic optimization problems, but the only drawback is the need for AI experts who speak supply chain management.Continue Reading
