Getting products to market faster and cheaper on a global scale is the main goal of supply chain management. MH&L covers the latest supply chain trends and technologies companies are using to compete and win in the global marketplace.
Pushing suppliers onto the marketplace lets Amazon offload the risk and cost of purchasing, storing and shipping the merchandise, but still lets company charge suppliers for these services and take a commission on each transaction.
Data is the competitive differentiator, says Dr. Yossi Sheffi. " Companies that are using current technology which includes artificial intelligence, machine learning, and sensor networks, will jump way ahead of those who don’t."
“We’ve done an assessment of our various high-risk supply chains and we’ve said ‘You know what? We want to make sure what we say and what we do are consistent’,” said Ruth Kimmelshue, Cargill’s senior vice president of business operations and...