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Companies cannot afford to write-off the costs of reverse logistics. Up to 50 percent of all returned products are resold in an attempt to recoup costs, reports Andrew Orben of Tekovery, as published within Edition 99 of Reverse Logistics Magazine. With the risks of returns rising in tandem with the growth of e-commerce, supply chain leaders must understand why a focus on reverse logistics can make or break a profitable supply chain. In this white paper from Veridian, you’ll learn: * How to Control Reverse Logistics by Gaining End-to-End Visibility
Since food supply chains have a dual layer of complexity, including both tracing food back to its origin and maintaining the environmental conditions of warehouses, the application of digital technologies can reduce delays, improve efficiencies, eliminate risks, and restore trust in the food industry. At the same time, the increasing demands for more safety, more technology, and faster production are forcing automakers to vigorously pursue technologies to track original equipment manufacturers (OEM) and auto suppliers, says Supply Chain Dive. According to Pharma Manufacturing, today’s pharmaceutical companies, including those with multibillion-dollar budgets, continue to operate with basics spreadsheets, data silos within outdated systems, and other error-prone processes leading to increased use of assumption in making decisions, which could cost patients’ lives. Digital transformation of pharmaceutical and medical supply chains could eliminate issues with maintaining chain of custody and ensure pharmaceuticals, as well as medical equipment, are kept at the appropriate temperature and away from environmental factors that influence their effectiveness.
The writing is on the wall for traditional, manual-based processes in supply chain management, says Cade Metz of The New York Times. Supply chain leaders need to understand these current limitations, and how artificial intelligence and warehouse management lead to efficiency gains and the top benefits of AI-driven robotics. Building artificial intelligence within the WMS and using automation creates a robot-ready future, well-equipped for when engineers bridge the divide between robotic implementation costs and functions in the warehouse. Artificial intelligence will continue to push the brink of robotic deployment in warehouses, and artificial intelligence and warehouse management will grow intertwined as companies look for ways to augment operational efficiency and productivity.
Supply chain leaders faced with the prospect of evaluating the use of a fulfillment center vs. warehouse need to understand the challenges in making a strict decision, their differences, and how to choose the right fulfillment facility for your organization’s needs. To make an informed decision in considering fulfillment centers versus warehouses, supply chain leaders should follow these steps: Know your demand for the local and regional area. Since the primary purpose of a fulfillment center is to serve customers, not store inventory, any activity involving in-person interactions, including BOPIS, may benefit from a fulfillment center. Supply chain leaders should take the time to learn the difference between a warehouse and fulfillment center and choose the facility that will most benefit their needs based on location, cost, and customer expectations.