Consumers may or may not spend much time thinking about the safety of their food or pharmaceutical products. However, food and pharmaceutical manufacturers invest a great deal of time and effort into ensuring that what goes to market will not make anyone sick.
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The supply chain has changed irrevocably, thanks to technological advances. Digital supply chains are more efficient, allowing companies to be more agile and profitable than ever before. An EDI system, especially a cloud-based one, plays a crucial role in making today’s supply chain more transparent and sustainable for tomorrow.
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It is a conundrum: you implement an EDI system in order to make doing business with your suppliers easier, yet you need their buy-in to ensure that they utilize the system and that you receive ROI on it. How do you overcome this challenge?
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On Sunday my wife and I went to our local large grocery store chain to get what we needed for the week like every other Sunday. While walking into the store I saw all the plants for sale outside of the store, with firewood. I walked in to see all the bakery supplies, flowers, Japanese food bar, the deli, bread aisle, fruit and vegetables etc. When I looked at the labels, I saw that the tomatoes were from Mexico, oranges from Florida, etc. I wondered, how did all this food from different countries get to one store? Do all the items just show up at each store? Is there one person that coordinates all the shipments from the vendors? The store would have to have an army of employees to coordinate all these orders and shipments. For them to make money it would have to be automated, right?
While many of you may have already started your holiday shopping, Black Friday is right around the corner and the "true" shopping season begins. This year there is a lot of debate about stores opening earlier and earlier. Instead of the holiday shopping season starting on the Friday after Thanksgiving, it seems starting ON Thanksgiving is the new trend. I, for one, will not be shopping on Thanksgiving; the thought of having to fight the masses after cooking, eating, and cleaning up is not appealing to me. With the expected growth in online shopping and the "extended" shopping season how will retailers be affected by supply chain visibility or the lack there of?
