In a world of fast-paced change, customer demands are forcing supply chains to adapt and use innovation to drive performance improvements, or else risk competitive threats. Logistics managers at small to midsized businesses (SMBs) are left wondering if it is possible to achieve higher productivity levels and deliver better customer service at a lower cost, faster than their competition, especially given the resources (or lack thereof) that they have available to them. » Read More
Innovation, Supply Chain, Technology
A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market.
Interrupted supply chains can mean costly delays and unsatisfied customers. A strategic approach to obtaining what you need to keep your business and products moving—whether you’re sourcing raw materials, manufactured accessories, or transportation capacity—can help avoid unforeseen disruptions and create a competitive advantage in today’s changing market. So just how strategic are you when it comes to sourcing transportation capacity? Ask yourself these four questions:
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Business, Innovation, Supply Chain Consulting
Most of the time I think predicting the future should be left to fortune tellers and meteorologists. But every once in a while it’s fun to think about how the great strides we’re making today could impact our future. We’ve already seen an evolution in things like the telephone, once a novelty shared by entire neighborhoods, now a critical component for businesses and individuals alike. Let’s imagine how supply chains of the future might look in the years to come thanks to the technology changes we’re making today.
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Reading about autonomous trucks in the news lately leaves me wondering what, exactly, “autonomous” means. Is the term interchangeable with “driverless,” as it is so often used in conversations about self-driving trucks and Google’s self-driving cars? According to Merriam-Webster.com, autonomous means “existing or capable of existing independently; responding, reacting, or developing independently of the whole.” » Read More
Analytics Leaders Discuss the Internet of Thingsg
Smart homes, connected cars, and intelligent factories have become mainstream. These innovative assets, built and driven by harnessing big data and predictive analytics, create consumer and business environments where “I Want What I Want When I Want It” (“IWWIWWIWI”) is not only justifiable, but increasingly the societal standard.
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Business, Indiana University, Innovation, Kelley School of Business