In this subject matter expert Q&A, we explore new developments in order management technology, the benefits of combining order and transportation management, and how one integrated view for transport, logistics, and orders foster better collaboration between an enterprise's functional silos.
Today, only a small percent of the global economy leverages advanced orchestration technology for multi-enterprise business networks, and these first-generation solutions are rudimentary systems, considering what technology is ultimately capable of. Read Martin Verwijmeren's third Forbes article where he elaborates the key technological innovations driving multiparty network orchestration and how to stay ahead in the upcoming race toward the Ordernet.
As the World Wide Web Turns 30, CTO Paul Van Dongen contemplates how the fear of disruption, as well as the certainty that what we have is “good enough,” are holding us back from achieving a similar, digital supply chain utopia.
Blockchain currently remains at odds with both multi-enterprise business network functionality and the process of digitizing physical goods. Despite the cold, hard facts, many continue to glorify blockchain technology as a cure-all, while the world holds its breath. Not only is this a harmful distraction, it’s also a mirage—a glimpse into an attractive future that’s not unattainable, while detracting from the practical work required to actually get there.
With the pressures of globalization, e-commerce, and growing customer demand, companies need a strong supply chain to help differentiate themselves from their competitors. Consumers want product availability, quick delivery, and easy return options. Achieving this level of service without sacrificing profit is practically a prerequisite to staying afloat.
The U.S. announced its intent to withdraw from the Universal Postal Union (UPU) late last year. In this article Buck Devashish, Chief Commercial & Innovation Officer at MP Objects, elaborates on what this could mean for logistics and e-commerce businesses.
Distributed Order Management is a framework, not a static solution. A framework has to be capable of morphing to changing demands. Flexibility, visibility and control are hallmarks of successful organizations. The ability to intuitively mix and match these three elements to solve problems is what distinguishes the winners from the rest.
Customer expectations are continuously evolving, and every business wants to innovate and differentiate itself to grow revenue without compromising margins. A customer experience-driven supply chain is an absolute necessity toward achieving these seemingly divergent goals.
We’ve never had so much data at our fingertips, ready to be analyzed and harvested for insight. The big question is how do we marry this disparate web of partners and systems to establish the holistic view we need? And how do we turn that raw data into actionable insights that improve business?
As organizations scramble to mitigate the risks and maintain profitability, they should be seizing the opportunity to establish real-time insight and control of their global supply chains. Not only will it help them to mitigate the impact of changing tariffs, supply chain orchestration (SCO) will also enable them to gain a competitive edge and better serve their customers.
Customer expectations are shifting fast and there are different challenges inherent in managing reverse logistics and returns. The returns economy is a real opportunity to shine, but you need a solid foundation in place. With the right approach, you can tame your returns processes, keep costs under control, and provide the kind of excellent service that differentiates your business from the competition.
Supply chain orchestration allows you to make best use of your resources. Planning staff can focus on adding value and tailoring every order. By gaining better visibility into your inventory, factoring in all locations and external parties, you can reroute, manage stock levels, and fulfill sales in shorter turnaround times.
The supply chain is of paramount importance to any company seeking success and satisfied customers, but it can be difficult to balance customer expectations with cost. The challenge of maintaining standards when you’re leveraging multiple external partners can be daunting. Modern businesses must remain flexible and agile to capitalize on opportunities.
The supply chain landscape is shifting, as customer expectations soar and new services and software bring greater complexity. There's a great deal of pressure to maintain operational excellence, integrate disruptive new technologies, and innovate for a superior customer experience. Tying these disparate threads together requires responsive supply chain orchestration, or SCO.
The modern supply chain is a complex beast. There are many different systems and platforms to integrate. Multiple ERP (Enterprise Resource Planning) systems are the norm, and they need to chime with warehouse, transport, and customs management platforms. It’s becoming tougher for companies to maintain control and visibility.
Satisfying customers and winning their loyalty is the foundation that every successful business is built upon. Delivering a consistently excellent experience builds a level of customer intimacy that will set your business apart from the competition. Consider that 80% of your company's future revenue will come from just 20% of your existing customers, according to Gartner.
The supply chain landscape is evolving and it is increasingly tough to maintain oversight, exert control, and ensure that customers get the best experience possible. That’s where orchestration comes in. SCO (supply chain orchestration) enables you to make informed, conscious choices about how to serve your customers better.