China's e-commerce website, JD.com, held an 18-day sales event celebrating the company's anniversary on June 18, and brought in $17.6 billion in sales. The company reports increasing its sales volume by 50% from last year.
Suppliers considering vendor-managed inventory systems should candidly examine their needs first, writes Paris Gogos of NeoGrid North America. Assess the proposed solution's compatibility with existing software and develop key performance indicators.
Manufacturing will evolve past just-in-time methods as data analysis is used for sophisticated decision-making, writes Matt Lovell of Centiq. Real-time analytics enables more personalization and faster production, he writes.
Learn about customer expectations and fulfill their desire for businesses to have a digital presence, writes Terri Hiskey of Epicor Software. "For a successful customer-first culture, every aspect of a business needs to be orientated the same way," she writes.
Enterprise resource planning solutions still have a place despite the many offerings available to manufacturers, writes Mark Humphlett of Infor. If you do want to make a change, first conduct a systemwide ERP review, he advises.
A National Economic Bureau of Research study estimated three American jobs stand to be eliminated for each industrial robot added, but the long-term effect of robots on the American workforce is not clear, writes Mark Dohnalek of Pivot International. Robots will help manufacturers be more productive and efficient while improving safety.
The Technology Career Institute at Mira Costa College in Carlsbad, Calif., works with manufacturers to ensure that future employees' skills are aligned with their needs, said Linda Kurokawa. The training center is uniquely positioned to educate local businesses regarding such issues as the need for a competitive wage, she said.
Canada and the US are accepting public comments on the creation of binational strategies for handling chemicals of mutual concern, such as polychlorinated biphenyls, hexabromocyclododecane and perfluorooctanoic acid. The countries have developed draft risk management plans for PCBs and HBCD.
A survey from Business Performance Innovation Network and Navis found poor data-sharing within the ocean supply chain causes expensive inefficiency, but digitization can help. It found five areas that need better collaboration, including in carrier-to-terminal coordination, terminal operations and supply chain visibility and information-sharing.
The State of Logistics report showed declining expenditures in 2016, for the first time in six years, and the lowest spending percentage of US GDP since the Great Recession. The report from A.T. Kearney and the Council of Supply Chain Management Professionals showed uneven economic growth and overcapacity in nearly all models as key factors in industry weakness.
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