Over the past 30 years I’ve been witness to the development and use of a number of methodologies intended to improve operations, planning, service and costs in the Consumer Goods and Retail supply chains.
Whether it was Manufacturing Resource Planning (MRP), Just In Time (JIT), Just In Time II (JITII), Quick Response (QR), Efficient Consumer Response (ECR), Distribution Resource Planning (DRP) or more recently the very popular Sales & Operations Planning (S&OP) I’ve pretty much seen them all.
Today we have more data than ever before on all aspects of our business and tomorrow all indications are that there will only be even more.
At the same time we fortunately also now have access to more powerful and diverse tools than ever before to review, analyze and action these rising datalakes of countless zettabytes which surround us. Among these, my POV is that Cognitive or Artificial/Augmented Intelligence really stand out as the potential game changers.
Digital organizations will survive and thrive based on the ability to effectively harness and drive value from all of this data. And since Planning and Planning professionalshave always been the experts at gathering, analyzing, and actioning data, we are now very well positioned to ride this massive wave of data that will drive digital transformation.
Two early pilots were facilitated by Supply Chain Network and carried out in 2003 and 2006 with both representing successful demonstrations of the potential supply chain benefits available through end to end ‘Internet of Things’ supply chain implementations.
Key to both of these pilots were RFID enabled pallets and the first project was the SCN Grocery Pilot which was carried out utilizing RFID at the pallet level for automated Distribution Centre (DC) receiving. Continue reading
Revenue sharing is coming, revenue sharing is coming, do you have a plan?
Seems there’s a growing trend for both e-commerce platforms and even Third Party Logistics (3PL) fulfillment companies to base their pricing on sharing in their customer’s revenue. Continue reading
Since the advent of the consumer internet in the mid-1990s we’ve heard and seen the word e-commerce some several billion times as it has blended into the smoothie that is today’s societal lexicon.
Funnily enough, it’s only now that the last laggards are finally beginning to spin up e-commerce sites as they realize they’re slowly sinking deeper into their single channel swamp. Continue reading
Very pleased to be attending my first Institute of Business Forecasting event later this month in Orlando!
Have been trying for many years to attend an IBF event, but somehow in the past always seemed to run into scheduling conflicts, however here in 2016 I’m happy to say the stars have finally aligned and looking forward to being there.
As with any event, will be on the lookout for and attending sessions that will share and validate insights on the items I see as on the leading edge of best practices business forecasting. Continue reading
Posted in , Associations, Conferences, Definitions, Education, Emerging Trends, Information Technology, Matrix Commerce, New Ideas, News & Info, Professional Communications, Retail, Retail E-Commerce, Supply Chain Management, Support Services & Industry Initiatives, Talent Supply Chain, The SCM Company
So… what does the future of retail look like and what might an airport have to do with this?
Well first off, Omni-Channel’s a great buzzword, but how best to define the term and how can retailers (and even airport authorities) get from where they are today to the promised land?
This week’s share ‘Videos and Visions: Of Omni-Channel and Airports’ seeks to shed more light on both the definition and growing manifestation of future state omni-channel retailing.
There I said it…
‘Logistics is the new black.’
Over the last several years the word ‘logistics’ has subtly worked its’ way further and further into the common lexicon thanks to the massive marketing campaigns of certain courier, rail and forwarding companies.
And of course, as a logistics professional all of my career, nothing makes me happier than the wider world learning about and gaining a better understanding of, and appreciation for, the complex art and science which is logistics. Continue reading
Posted in Definitions, Emerging Trends, Matrix Commerce, New Ideas, News & Info, Professional Communications, Retail, Retail E-Commerce, RFID, RFID Information, Supply Chain Management, Support Services & Industry Initiatives, Third Party Logistics
Future of Retail as an Omni-Channel ‘Internet of Things’ | Jeff Ashcroft | LinkedIn
Posted in Definitions, Emerging Trends, Information Technology, Matrix Commerce, New Ideas, News & Info, Retail, Retail E-Commerce, RFID, RFID Information, Videos
Are your retail customers finding you less attractive lately? Consider your position on the seven signs shared below, and you may decide your retail business needs an omni-channel makeover!
This is not just an idle suggestion we’re making, as the omni-channel retail buzz is quickly becoming a roar and with good reason.
Not since the advent of price tags, cash registers and the ubiquitous apparel hanger has there been a retail industry innovation poised to create such major change. Continue reading
Fall 2015 will forever be known as the time when cognitive came to retail. More simply put in 2015 retail big data got a brain, and from a business perspective retail big data without a brain is more like a big nothing.
Since 2012 I’ve been slowly defining and developing the concept of Matrix Commerce (aka ‘Matrix Retail’) and there’s clearly a need and a role for cognitive in operationalizing the Matrix Commerce vision and turning it into a business reality. The application of cognitive tools to facilitate knowledge workers’ ability to effectively manage the myriad day to day challenges and rapidly exploding sources of relevant retail data is a turning point in this evolution.
JDA’s 2015 Consumer Survey Reveals 50% Of Shoppers Who Experienced A Previous Issue With A Retailer Have No Plans To Return For Black Friday Or Cyber Monday Deals, And No Deal Will Change Their Minds
The omni-channel consumer is here and this holiday season, their expectations will not only affect the impending Black Friday and Cyber Monday shopping rush, but also shape how their purchase decisions are made throughout the year. In the new JDA 2015 Consumer Survey of more than 1,000 U.S. consumers conducted by JDA Software Group, Inc., 50 percent of consumers indicate that they will be unforgiving of retailers who provided less than satisfactory online home delivery experiences, landing some businesses on the “do not shop, naughty list” this holiday season. Additionally, 1 in 3 consumers disclosed that convenience is a major factor when placing an online order. Retailers who can’t meet expectations risk losing 33 percent of shoppers to a competitor that offers a more convenient or streamlined shopping experience – not only during Black Friday and Cyber Monday, but also in purchase decisions throughout the year.
The DSV Group (“DSV”) today signed an agreement to acquire US based UTi Worldwide Inc. (“UTi”). UTi is a global, supply chain services and logistics company with revenue of USD 3.9 billion and 21,000 employees in 58 countries. The combined company will be one of the world’s strongest transport and logistics networks.
DSV today entered an agreement to acquire UTi at the price of USD 7.10 in cash per ordinary share. The total transaction implies an enterprise value of approximately USD 1.35 billion.
The per-share consideration represents a premium to the ordinary shareholders of approximately 50% compared to the closing price of UTi on 8 October 2015, and a premium of approximately 34% compared to the 30-day volume-weighted average closing price. Continue reading
My initial involvement in the Third Party Logistics business was early in 1993 when I became the first Director of Development for Tibbett & Britten Group in North America. Over the next several years the TBG business grew from 20,000 square feet of facilities in Canada to more than 20 million square feet across North America with annual revenues of over $2 Billion. Continue reading
GREENWICH, Conn. and ANN ARBOR, Mich. – September 9, 2015 – XPO Logistics, Inc. (“XPO Logistics” or “XPO”) (NYSE: XPO) and Con-way Inc. (“Con-way”) (NYSE: CNW) today announced that they have entered into a definitive agreement for XPO Logistics to acquire Con-way. The transaction will enhance XPO’s range of supply chain solutions by making XPO the second largest less-than-truckload (LTL) provider in North America, and will expand the company’s global contract logistics platform. XPO will also capitalize on synergies from the combination with Con-way’s managed transportation, truckload and freight brokerage businesses.
Headquartered in Ann Arbor, Mich., Con-way is a Fortune 500 company with a transportation and logistics network of 582 locations and approximately 30,000 employees serving over 36,000 customers. For the full year 2015, consensus analysts’ estimates for Con-way are $5.7 billion of revenue and $528 million of adjusted EBITDA. The transaction is expected to be substantially accretive to XPO’s earnings in the first 12 months.
All of the acquired operations – Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal – will be rebranded as XPO Logistics. Continue reading
Over the past year, like many others working within the Retail Industry in Canada, I’ve grown tired of hearing about all the bad news relative to retailers pulling out, closing down or shrinking their store counts here in Canada.
Other than one major ‘faux pas’ by a discount retailer which doesn’t need to be named yet again, the majority of recent store closures have actually been retailers dealing with unprofitable stores in their chain. And although painful for the individuals and areas where these actions happen, these steps are often necessary to keep the overall chain healthy in the long term.
The great news, and what we should be focusing on instead of the ‘doom and gloom’ of negative reports, is the growing number of new retail entries into Canada and the ongoing industry extensions taking place over the last year. Continue reading