A leading expert claims that the flower industry could save hundreds of millions of dollars just by ensuring supply chain efficiency in the lead-up to Mother’s Day.
Shipments in the floral industry spike ten-fold in the lead up to Mother’s Day and an estimated $2.6 billion is expected to be spent in 2017 even though it’s estimated that 40 per cent of flowers are never even sold.
David Bairstow, Product VP at location specialists Skyhook, reckons that incorporating the internet of things into the cold supply chain could result in massive savings.
He said: “Supply chain is an industry born out of economies of scale. The same applies to the cost of implementing IoT, as scale increases, return on investment increases. It costs pennies to ship individual flowers; however, using supply chain insights to increase efficiencies and reduce waste, can quickly pay for itself.
“Factoring in that the 40% waste due to unsold flowers amounts to $1.04 billion, it is evident that there is massive scope for improvement. If introducing IoT into the cold supply chain leads to decrease in waste by even 10%, that would result in more than $100 million of savings.”
Companies like KaBloom are constantly optimizing the day-to-day supply chain over time to achieve the most efficient path to the consumer. They see a ten-fold increase in volume on days like Mother’s Day and Valentine’s Day and their supply chain remains largely the same, except for the increased volume on those holidays so if the day-to-day efficiencies are optimized, the likelihood of failures happening on the busiest days can be drastically reduced.
This Tax Day, former Microsoft CEO Steve Ballmer launched a new tool designed to make government spending and revenue more accessible to the average citizen.
The website — USAFacts.org — has been slow and buggy for users on Tuesday, apparently due to the level of traffic. It offers interactive graphics showing data on revenue, spending, demographics and program missions.
For example, the site prominently features an infographic created to break down revenue and spending in 2014. Revenue is broken down by origin; spending is broken down by what “mission” of government it serves, based on the functions laid out in the Constitution.
It’s a big-picture view of where U.S. tax dollars come from, and how they’re spent. But click on a subcategory and you’re taken to a more detailed, granular view of that spending.
Ballmer didn’t create the site because he was an expert on government data. Quite the opposite, according to The New York Times’ Dealbook.
The Times says that Ballmer’s wife was pushing her newly-retired husband to get more involved in philanthropy. Ballmer said — according to his own memory, as he described the conversation to the Times — “But come on, doesn’t the government take care of the poor, the sick, the old?”
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Executive-level supply chain positions have gained both prominence and importance for today’s global companies, and to support this trend, universities, colleges, professional organizations, and training firms have enhanced their supply chain and logistics programs to help executives stay current on supply chain trends.
It wasn’t that long ago that supply chain managers worked mainly behind the scenes, stealthily orchestrating the movement of products from the raw material stage to manufacturing/production and right on through to the final delivery of the finished goods.
Typically occupied by employees who had successfully “worked their way up” through the company, these executive-level supply chain positions have over the last few years gained both prominence and importance for today’s global companies.
To support this trend, universities and colleges have enhanced their supply chain and logistics degree programs; organizations like APICS and the Institute for Supply Management (ISM) have expanded their certification programs; and training firms offer myriad options to help executives stay current on supply chain trends.
These executive education offerings provide executives with the opportunity to hone their skills, upgrade their technology acumen and better understand the inner workings of the modern-day supply chain.
Read more at The Value of a Supply Chain Executive Education
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