Oracle’s Advice for Modern Supply Chain Chiefs

Shefali Vasave | July 18, 2022 | 3326 views | Read Time : 01:22 min

Oracle’s Advice for Modern Supply
Oracle, a leading provider of computer technology, published a paper analyzing how supply chain managers should use change as a catalyst in "inspiring and engaging employees." In the report, Oracle highlights how organizations across the world are going through radical shifts in the way they operate.

Customers need quick, convenient, and customized solutions today. Employees also have higher expectations, looking for companies that are a match for their values, provide flexible working arrangements, and offer cutting-edge tools. Shareholders and investors also want more, which forces businesses to focus on making money in ways that are sustainable and diverse.


See Change as an Opportunity


The companies that are most successful, according to Oracle, are those who see change as just another opportunity to reinvent, and the company lists four ways supply chain leaders might find such an opportunity:
  • Boost employee engagement
  • Aim for sustainability and responsibility in management
  • Be quick to respond to disruptions in the supply chain
  • Exceed consumer expectations

In the paper, Oracle reports that instead of adapting to the change, organizations must be able to stay on top of challenges and prepare well in advance.


Align with an Employee-Centred Culture

Leaders must be able to attract well-matched talent, with the skills to not just fulfil job roles but also drive innovation. Today, people value a work-life balance where they have time to pursue their non-work interests, spend time with their families, and create a diverse, and inclusive world. According to Oracle, this is a significant consideration, and organizations that meet the demands of this new workforce will have a competitive edge in hiring the top talent.


Looking Forward

The Great Resignation has been a hot topic in HR, but the truth is it affects all aspects of business, and importantly, the supply chain, and in the end, the ability to provide smooth customer experiences. HR, customer experience, and supply chain leaders must synergize to become an employer destination to reckon with in order to succeed.

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We are your local, regional and international moving and storage experts servicing Dartmouth, Halifax and Middleton, Nova Scotia, as well as Fredericton, Miramichi and Saint John, New Brunswick. As a Member of United Van Lines Canada, we are able to provide our customers with a full range of moving services.

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Autonomous Robots: The Future of Warehousing & Logistics

Article | July 14, 2022

Autonomous robots have transitioned from a futuristic system that only a few enterprises could afford to a sustainable, well-established solution in a wide assortment of warehouse automation projects in recent years. With the flourishing transportation and logistics industry and increasing e-commerce penetration worldwide, innovative technologies are revealing promising opportunities throughout the supply chain. Warehouse Automation: Driving Value in the Supply Chain Historically, autonomous robots have been used to perform tedious and repetitive tasks, necessitating sophisticated programming for setup and incorporation while lacking the dexterity to easily adjust operations. As autonomous robots become more intelligent, their setup times decrease, they need less monitoring, and they are able to work alongside their human counterparts. The benefits for the future supply chain are increasing as autonomous robots become more capable of working day and night with more consistent levels of productivity and quality and performing tasks that individuals should not, cannot, or do not want to do. Autonomous robots drive advancements and add value to the supply chain, primarily by increasing revenue potential and lowering direct and indirect operating costs. Autonomous robots, in particular, can assist: Boost efficiency and productivity. Lower risk, error frequency, and rework rates. Enhance employee safety in high-risk workplaces. Handle low-value, routine tasks so people can work together on strategic projects that can't be done by machines. Raise revenue by optimizing order fulfillment rates, and delivery speed, and, ultimately, increasing customer satisfaction. Sneak Peek into the Future of Autonomous Robot Autonomous robots are expected to witness strong growth in the coming years. These robots will become more common in the future supply chain as technology advances, allowing them to operate with more human-like abilities. Improvements in haptic sensors, for example, will enable these robots to grasp objects varying from multi-surfaced metal assembly parts to fragile eggshells without requiring changes to robotic components or programming. This will encourage companies operating in the industry to increase their research and development activities and introduce innovative and advanced supply chain technologies.

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Complexities Triggering Technological Advancement in Transport & Logistics

Article | August 3, 2022

Over the past decade, transportation and logistics have witnessed an immense transformation, from using automotive vehicles to drones and paper tags to advanced geotags. Also, the introduction of novel technologies and incorporation of innovative solutions such as artificial intelligence and blockchain has further reshaped the sector. How is Rising Complexity Triggering the Adoption of Novel Technologies? Today's supply chain is, in a word, complex. It has so many complexities, from ever-rising consumer expectations and disruptive events to globalized sourcing and omnichannel demand, that it is now being compared to a modern-day Gordian knot. With complexity comes ambiguity, particularly in the transportation and logistics industry. For instance, importers are expected to find cost-effective and efficient ways to transport goods from manufacturing facilities, which are frequently located halfway around the world, to distribution centers and then, ultimately, into the hands of consumers. In addition, e-commerce has further added to the complexity by introducing new channels into the jumble along with the introduction of same-day or next-day delivery standards with higher transparency and tracking features by leading players such as eBay, Walmart, and Amazon Here are a few prominent technologies assisting logistics companies to counter these complexities. Data Analytics Big data analytics aids in the more accurate and efficient planning of operational processes, services, and strategies, allowing businesses to align with emerging consumer needs. Artificial Intelligence (AI) and Machine Learning AI and Machine Learning have become the most sought-after tech in the transportation food chain. It assists businesses in enhancing operational functionality, boosting productivity and speed, designing optimal transit networks and routes, and improving safety through predictive risk calculation and elimination. The Internet of Things (IoT) With the rising need for transparency and tracking of shipped goods, IoT is garnering immense popularity across the transportation and logistics sector. It enables businesses to monitor and track their goods in real-time with the help of geo-tagging, RFID tags, and GPS, resulting in fewer delays in deliveries.

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Predicting the Future of the Logistics Industry

Article | March 22, 2022

Introduction From warehouse robots to delivery drones, the supply chain is experiencing a tremendous upheaval. AI promises a totally autonomous and self-organized future supply chain. A fleet of vehicles utilizing a swarm algorithm can enhance cargo yard throughput; a trusted peer-to-peer ledger on blockchain architecture could change compliance in the sector; and wearables, mobile robotics, and machine learning technologies could speed up order fulfilment. IOT e-brokerage solutions can link shops to couriers and transporters with a click. Tomorrow's supply chain will be leaner, quicker, and self-organized. A few innovative technologies will fuel this unparalleled rate of change over the next 15 years. Here are the major technologies that are shaping the future of the logistics industry. Logistics Technologies for the Future Shipment Tracking Systems Previously, customers ordered shipments, had an anticipated arrival date, and then were kept in the dark until they chose to call. Customers can now access shipping and tracking systems around-the-clock due to developments in the internet and software. This not only enhances the customer experience (cx), but it also saves the business time and money. Internet of Things (IoT) The IoT reduces costs and delays by minimizing hazards in the supply chain. Cabs, cargo ships, trains, etc., have sensors that link to an alarm system or dispatcher. These sensors analyze and communicate information to the crew, who learns about hidden threats. IoT isn't a new technology, but it continues to influence logistics by improving in-transit visibility and delivery. Radio Frequency Identification (RFID) RFID technology has been used for a few years to monitor inventories labor-efficiently. A product tag or sensor produces radio waves. The company processes the data. RFID tags are similar to barcodes, but their faster information transport and data processing appeal to companies and the direction of technology. Many organizations use RFID tags to track containers in warehouses. Enhanced GPS Accuracy Almost everyone utilizes GPS on their vehicles or smartphones. These devices' accuracy has improved over time, assisting lost drivers and enhancing the supply chain. By monitoring truck locations and boosting hauls with current traffic data, GPS increases efficiency and customer satisfaction. Closing Lines Unprecedented times have produced unprecedented transformations that will last for generations. Changing demographics, technology improvements, and COVID-19 impacts are altering global supply networks. We must understand the driving factors and act on what we learn to adapt and rise to the situation. For the sake of our current workforce and future generations.

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Purchasing vs. Supply Chain Management software

Article | June 29, 2022

Purchasing software and supply chain management software are often mistaken for one another, but both have distinct functionalities. While purchasing software automates the procurement process, supply chain management software executes logistical transactions and manages supplier relationships. This report identifies the similarities and differences between the two software categories to help you understand which one is better suited to your needs. What is purchasing software? Purchasing software is an online tool that allows businesses to automate the process of procuring goods and services. It includes security compliance and reporting features. Purchasing solutions offer integrated tools for invoice approval, inventory control, asset management, customer service, and work order management. They help manage contracts, analyze spending, track sales deliveries, and monitor inventory levels. They also assist in identifying bottlenecks in the purchase process, such as functions that have high expenditure. Purchasing software offers invoice processing capabilities as well. Procurement professionals and accounting teams can use the tool to generate invoices, track invoice status, and monitor expenses via detailed reports. What is supply chain management software? Supply chain management software is a software platform that allows supply chain managers to automate the entire supply chain process—from acquiring raw materials to delivering the finished goods to consumers. The software provides tools for monitoring stock levels, including raw materials, and predicting future requirements based on the current inflow and outflow of inventory. Supply chain management tools manage material handling, order fulfillment, and information tracking for stakeholders such as manufacturers, suppliers, and transport and logistics providers. They also track the returns of damaged goods, process refunds and insurance claims, and provide planning and forecasting tools for supply chain professionals. What do they have in common? Purchasing is a crucial component of supply chain management. Together, these processes significantly contribute to an organization’s procurement cycle. Despite the functionality differences, both the software categories have a few features in common, including supplier management, order management, and forecasting. Which tool is right for you? The answer to this question depends on your use case. If you’re looking for a tool that majorly focuses on acquiring supplies, opt for a purchasing software solution, as it will help you streamline the procurement cycle, maintain purchase order accuracy, and monitor supplier activities. However, if you wish to manage your entire supply chain operations, including supplier, transportation, warehouse, and inventory management, then investing in a supply chain software solution would be the right choice.

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We are your local, regional and international moving and storage experts servicing Dartmouth, Halifax and Middleton, Nova Scotia, as well as Fredericton, Miramichi and Saint John, New Brunswick. As a Member of United Van Lines Canada, we are able to provide our customers with a full range of moving services.

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Destination IAA: Cummins unveils new technology for zero-emissions power solutions

Cummins Inc | September 23, 2022

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RS Group introduces RS Integrated Supply, consolidating IESA and Synovos, to create a single global MRO supply chain solutions business

RS Group plc | September 13, 2022

RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, announced the uniting of its global maintenance, repair and operations (MRO) supply chain solutions business into a single brand, RS Integrated Supply. Previously trading as two separate brands - IESA and Synovos - the transition to RS Integrated Supply marks the first step in the Group's transition to consolidate its operating brands under one strong, unified RS identity, delivering global efficiency, sustainable value, and scalability to its stakeholders. RS Integrated Supply provides outsourced storeroom management and procurement services that drive sustainable productivity and reliability for MRO supply chains. Through its global operation, RS Integrated Supply serves multi-site industrial organizations across North America, the UK, Europe and other global markets. The business has offices in Warrington, UK, and Radnor, Pennsylvania. Procurement and storeroom solutions are built on advanced proprietary digital platforms that consolidate information and drive improvement. Standardized technology, platform integration and streamlined services improve accessibility and efficiency, ensuring consistent quality across global organizations. The platforms deliver predictive intelligence in addition to historical data, with reporting and insight provided through data collection, cleansing and standardization. Operational excellence, sustainability and continuous improvement are built into all processes and services, optimizing the end-to-end supply chain and the relationship between maintenance data, inventory, purchasing and consumption patterns. "Our transition to RS Integrated Supply brings the combined value of the IESA and Synovos MRO solutions to organizations around the world, As one global brand, our digitally enabled procurement and storeroom solutions and engineering skills provide unmatched reliability, consolidation, standardization and total cost efficiencies across the supply chain." -Debbie Bowring, President, RS Integrated Supply About RS Group RS Group plc (formerly Electrocomponents plc) is a leading global omni-channel industrial product and service solutions provider to customers who are involved in designing, building and maintaining industrial equipment and operations, safely and sustainably. We stock more than 700,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to over 1.2 million customers. With operations in 32 countries, we trade through multiple channels and ship over 60,000 parcels a day. We support customers across the product life cycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimising inventory in the maintenance phase. We offer our customers tailored product and service propositions that are essential for the successful operation of their businesses and help them save time and money. RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2022 reported revenue of £2,554 million.

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Trellix Launches Advanced Research Center, Finds Estimated 350K Open-Source Projects at Risk to Supply Chain Vulnerability

Trellix | September 22, 2022

Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), announced the establishment of the Trellix Advanced Research Center to advance global threat intelligence. Comprised of hundreds of the world’s most elite security analysts and researchers, the Advanced Research Center produces actionable real-time intelligence and threat indicators to help customers detect, respond and remediate the latest cybersecurity threats. “The threat landscape is scaling in sophistication and potential for impact We do this work to make our digital and physical worlds safer for everyone. With adversaries strategically investing in talent and technical know-how, the industry has a duty to study the most combative actors and their methods to innovate at a faster rate.” -Aparna Rayasam, Chief Product Officer, Trellix Trellix Advanced Research Center has the cybersecurity industry’s most comprehensive charter and is at the forefront of emerging methods, trends and actors across the threat landscape. The premier partner of security operations teams across the globe, Trellix Advanced Research Center provides intelligence and cutting-edge content to security analysts while powering our leading XDR platform. Python Tarfile Vulnerability Highlights Software Supply Chain Complexities In coordination with today’s launch, Trellix Advanced Research Center also published its research into CVE-2007-4559, a vulnerability estimated to be present in over 350,000 open-source projects and prevalent in closed-source projects. It exists in the Python tarfile module which is a default module in any project using Python and is found extensively in frameworks created by Netflix, AWS, Intel, Facebook, Google, and applications used for machine learning, automation and docker containerization. The vulnerability can be exploited by uploading a malicious file generated with two or three lines of simple code and allows attackers arbitrary code execution, or control of a target device. “When we talk about supply chain threats, we typically refer to cyber-attacks like the SolarWinds incident, however building on top of weak code-foundations can have an equally severe impact This vulnerability’s pervasiveness is furthered by industry tutorials and online materials propagating its incorrect usage. It’s critical for developers to be educated on all layers of the technology stack to properly prevent the reintroduction of past attack surfaces.” -Christiaan Beek, Head of Adversarial & Vulnerability Research, Trellix. Open-source developer tools, like Python, are necessary to advance computing and innovation, and protection from known vulnerabilities requires industry collaboration. Trellix is working to push code via GitHub pull request to protect open-source projects from the vulnerability. A free tool for developers to check if their applications are vulnerable is available on Trellix Advanced Research Center’s GitHub. About Trellix Trellix is a global company redefining the future of cybersecurity and soulful work. The company’s open and native extended detection and response (XDR) platform helps organizations confronted by today’s most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through machine learning and automation to empower over 40,000 business and government customers with living security. More at https://trellix.com. About Trellix Advanced Research Center Trellix Advanced Research Center brings together an elite team of security professionals and researchers to produce insightful and actionable real-time intelligence to propel customer outcomes and the industry at large. Driven by the industry’s most comprehensive charter, our skilled researchers detect trends ahead of the market to empower our customers and partners to solve for emerging threats. More at https://www.trellix.com/en-us/threat-center.html.

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Destination IAA: Cummins unveils new technology for zero-emissions power solutions

Cummins Inc | September 23, 2022

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One key zero-emissions product Cummins revealed at IAA is its fourth-generation hydrogen fuel cell engine. Designed to meet the duty-cycle, performance and packaging requirements of medium- and heavy-duty trucks and buses, the fuel cell technology is available in 135 kW single and 270 kW dual modules. Scania in Europe and Daimler Trucks North America have each announced collaborations with Cummins to develop and integrate these next-generation fuel cell engines into demonstrator vehicles. The systems use fourth-generation variable pressure technology to provide higher power density, power nodes and operating temperatures for easier system integration into vehicles. They also have strong operating cycle efficiency and durability for a lower total cost of ownership. “We know our customers have diverse needs and complicated duty cycles to support, which is why we focus on continued innovation and improvement, We’re developing hydrogen fuel cell technology that demonstrates the capacity and flexibility required to meet or exceed the power needs for on-highway commercial vehicles – proving hydrogen as a viable solution to decarbonize the economy.” -Amy Adams, Vice President of Fuel Cell and Hydrogen Technologies at Cummins. Attendees at IAA will also get the first glimpse of a drivetrain assembled with a newly introduced Cummins lithium iron phosphate (LFP) battery pack, Meritor’s 17xe ePowertrain and Meritor’s Power Control and Accessory System (PCAS). Cummins recently added the ePowertain and PCAS solutions to its portfolio through its acquisition of Meritor. The ePowertrain leverages market-leading technologies in the axle, motor and inverter, delivering performance, efficiency and packaging advantages at a competitive cost. Additionally, the PCAS provides power where needed and control of necessary sub-systems while reducing packaging size and simplifying integration. Cummins is adding an LFP battery to its line of lithium-ion battery products to expand support of electrified commercial vehicle applications. The LFP solution gives customers access to faster charging and longer-life batteries, targeting the medium-duty truck and school bus markets. By using a multi-chemistry strategy, Cummins is positioned to expand its manufacturing capacity further and diversify its supply chain, providing customers with more cost-effective electrification solutions. We are giving customers options to enable them to adapt to a zero-emissions future faster, said Brian Wilson, General Manager of Electrified Components at Cummins. With the recent acquisition of Meritor and our new multi-chemistry approach, we will be able to tailor our solutions and offer a one-stop-shop for customers' powertrain needs. Cummins' portfolio includes four batteries, each of which targets a different duty cycle and use case and complement each other. In addition to the LFP option, this includes three nickel manganese cobalt (NMC) batteries – the BP95E, BP74E and BP30E. The BP95E is Cummins’ next-generation solution that prioritizes greater energy density in applications for customers who need more weight-sensitive solutions or have longer ranges. The BP30E is ideal for meeting limited-space applications and rugged demands, and the BP74E is the foundation for Cummins’ BEV innovation and progress. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains, and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment, and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24.0 billion in 2021. 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RS Group introduces RS Integrated Supply, consolidating IESA and Synovos, to create a single global MRO supply chain solutions business

RS Group plc | September 13, 2022

RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, announced the uniting of its global maintenance, repair and operations (MRO) supply chain solutions business into a single brand, RS Integrated Supply. Previously trading as two separate brands - IESA and Synovos - the transition to RS Integrated Supply marks the first step in the Group's transition to consolidate its operating brands under one strong, unified RS identity, delivering global efficiency, sustainable value, and scalability to its stakeholders. RS Integrated Supply provides outsourced storeroom management and procurement services that drive sustainable productivity and reliability for MRO supply chains. Through its global operation, RS Integrated Supply serves multi-site industrial organizations across North America, the UK, Europe and other global markets. The business has offices in Warrington, UK, and Radnor, Pennsylvania. Procurement and storeroom solutions are built on advanced proprietary digital platforms that consolidate information and drive improvement. Standardized technology, platform integration and streamlined services improve accessibility and efficiency, ensuring consistent quality across global organizations. The platforms deliver predictive intelligence in addition to historical data, with reporting and insight provided through data collection, cleansing and standardization. Operational excellence, sustainability and continuous improvement are built into all processes and services, optimizing the end-to-end supply chain and the relationship between maintenance data, inventory, purchasing and consumption patterns. "Our transition to RS Integrated Supply brings the combined value of the IESA and Synovos MRO solutions to organizations around the world, As one global brand, our digitally enabled procurement and storeroom solutions and engineering skills provide unmatched reliability, consolidation, standardization and total cost efficiencies across the supply chain." -Debbie Bowring, President, RS Integrated Supply About RS Group RS Group plc (formerly Electrocomponents plc) is a leading global omni-channel industrial product and service solutions provider to customers who are involved in designing, building and maintaining industrial equipment and operations, safely and sustainably. We stock more than 700,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to over 1.2 million customers. With operations in 32 countries, we trade through multiple channels and ship over 60,000 parcels a day. We support customers across the product life cycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimising inventory in the maintenance phase. We offer our customers tailored product and service propositions that are essential for the successful operation of their businesses and help them save time and money. RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2022 reported revenue of £2,554 million.

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Trellix Launches Advanced Research Center, Finds Estimated 350K Open-Source Projects at Risk to Supply Chain Vulnerability

Trellix | September 22, 2022

Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), announced the establishment of the Trellix Advanced Research Center to advance global threat intelligence. Comprised of hundreds of the world’s most elite security analysts and researchers, the Advanced Research Center produces actionable real-time intelligence and threat indicators to help customers detect, respond and remediate the latest cybersecurity threats. “The threat landscape is scaling in sophistication and potential for impact We do this work to make our digital and physical worlds safer for everyone. With adversaries strategically investing in talent and technical know-how, the industry has a duty to study the most combative actors and their methods to innovate at a faster rate.” -Aparna Rayasam, Chief Product Officer, Trellix Trellix Advanced Research Center has the cybersecurity industry’s most comprehensive charter and is at the forefront of emerging methods, trends and actors across the threat landscape. The premier partner of security operations teams across the globe, Trellix Advanced Research Center provides intelligence and cutting-edge content to security analysts while powering our leading XDR platform. Python Tarfile Vulnerability Highlights Software Supply Chain Complexities In coordination with today’s launch, Trellix Advanced Research Center also published its research into CVE-2007-4559, a vulnerability estimated to be present in over 350,000 open-source projects and prevalent in closed-source projects. It exists in the Python tarfile module which is a default module in any project using Python and is found extensively in frameworks created by Netflix, AWS, Intel, Facebook, Google, and applications used for machine learning, automation and docker containerization. The vulnerability can be exploited by uploading a malicious file generated with two or three lines of simple code and allows attackers arbitrary code execution, or control of a target device. “When we talk about supply chain threats, we typically refer to cyber-attacks like the SolarWinds incident, however building on top of weak code-foundations can have an equally severe impact This vulnerability’s pervasiveness is furthered by industry tutorials and online materials propagating its incorrect usage. It’s critical for developers to be educated on all layers of the technology stack to properly prevent the reintroduction of past attack surfaces.” -Christiaan Beek, Head of Adversarial & Vulnerability Research, Trellix. Open-source developer tools, like Python, are necessary to advance computing and innovation, and protection from known vulnerabilities requires industry collaboration. Trellix is working to push code via GitHub pull request to protect open-source projects from the vulnerability. A free tool for developers to check if their applications are vulnerable is available on Trellix Advanced Research Center’s GitHub. About Trellix Trellix is a global company redefining the future of cybersecurity and soulful work. The company’s open and native extended detection and response (XDR) platform helps organizations confronted by today’s most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through machine learning and automation to empower over 40,000 business and government customers with living security. More at https://trellix.com. About Trellix Advanced Research Center Trellix Advanced Research Center brings together an elite team of security professionals and researchers to produce insightful and actionable real-time intelligence to propel customer outcomes and the industry at large. Driven by the industry’s most comprehensive charter, our skilled researchers detect trends ahead of the market to empower our customers and partners to solve for emerging threats. More at https://www.trellix.com/en-us/threat-center.html.

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