Transportation costs are a significant component of the overall supply chain costs. Therefore, supply chain and logistics managers must take advantage of transportation's potential in terms of opportunities for cost reduction. In this article, we will be exploring one of the fundamental cases of
The Circular Economy: New Business Models and Supply Chains Needed
Here is a hard truth: Earth's resources are finite, and our planet's ability to absorb the waste and pollution we generate is decreasing inexorably year after year. You may already have heard about the circular economy or read some articles about it, but do you understand what it is? Do you know
How IoT, AI, and Blockchain Can Create a Sustainable Supply Chain
Sustainability has become one of the most important concerns of every organization across different industries. Research from McKinsey & Company shows that companies with high ratings for environmental, social, and governance (ESG) factors have a lower cost of debt and equity and outperform the
Balancing Supply Chain Risk and Performance
Maximizing supply chain performance at the lowest operating costs and the lowest inventory levels means eliminating duplication of facilities and redundancy of vehicles and routes. It also means reducing safety stock and work-in-process inventory at facilities. BUT elimination of duplicate
Why SCM Globe uses a Map-Based UI
Pencil and paper are great, but when it comes to designing a supply chain, we need tools that are dynamic and visual. Our supply chain simulator provides immediate feedback, allowing you to design, create, modify and optimize a supply chain in a short time and with great accuracy. Something that
Connecting Supply Chain Simulations To A Federation Of Simulations
Military logistics operations face a volatile, uncertain and complex world. After COVID-19, no supply chain can remain the same given the effect it's had on the world economy and international trading relationships. Changes, reforms and rethinking of the way our supply chains work are needed to
SCM Globe simulations for use by humanitarian organizations
We worked with the World Food Program to create an online logistics training platform for their logistics staff and staff at other organizations they work with on humanitarian and disaster response operations. Supply chain models can be built and simulated to support planning for real supply chains
Proof of concept project for the U.S. Defense Health Agency
SCM Globe participated in a proof of concept project for the U.S. Defense Health Agency. We added a logistics dimension to other virtual reality (VR) training simulations. Other VR training simulations simulated treating a wounded soldier at a point of injury (POI); or evacuating wounded soldiers by