Let’s Bring Innovation Back to Supply Chain

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When you think of supply chain, do you think of an industry brimming with innovation? Most likely…not.

Our SupplyPike team is diligently working to change that.

Let’s start by looking at some numbers. The consumer goods ecosystem is worth about $2 trillion. Not exactly chump change. Over half a million professionals in the supply chain industry manage $200 billion of transactions without the tools to respond to the changing landscape.

Many tech companies are building “faster horses” that merely accelerate and expand obsolete processes without solving actual problems like industry siloing (having numerous partners and no singular place to communicate with all of them).

When we surveyed a large group of 150+ supply chain professionals, 69 percent agreed that the number one thing missing from the industry was a common platform that allows suppliers and retailers to collaborate and work together.

This kind of platform would allow every piece of the supply chain to coexist in one ecosystem, streamlining ALL of your data and analytics, tools, communications, billing, and more.

The SupplyPike team is using technologies like machine learning and artificial intelligence to inform and build products that are simple, effective and useable by everyone, no matter their level of supply chain experience.

Think of how beneficial it will be for everyone and anyone to gain better visibility in their supply chains and make informed, data-backed business decisions. An informed industry is an empowered industry.

SupplyPike is being built with supply chain professionals and for supply chain professionals. If you’d like to take a peek behind the curtain and be part of that future, enter some information below or drop us a line at hi@supplypike.com.

SSO post header

When to do SSOs (Store-Specific Orders)

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Ever get a check back from Walmart with big, fat negative numbers and some mystery codes attached to them? Walmart will sometimes subtract deductions from your invoiced amount for various infractions and label them with corresponding reason codes. The three most common adjustment codes are 22, 24, and 25.

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Otif Part 3

Improving OTIF Performance

Making sure you are compliant with OTIF requirements can be tricky. You’ll need to do in-depth analysis into potential issues, such as warehouse issues and carrier delays. The various silos of your organization must interact with each other to ensure full compliance and prevent future chargebacks from happening.

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Why is OTIF Important?

Not complying with your purchasers’ OTIF requirements can be very costly, and result in hefty fines. For example, Walmart fines its vendors 3% of the cost of goods sold if the order fails OTIF requirements. In 2016, Target stores increased their OTIF penalties to 5% of the order cost, five times what it previously was. That kind of money adds up!

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How to explain OTIF to your 5-year-old

OTIF stands for On Time In Full and is a key performance indicator (KPI) of your products’ supply chain. OTIF is a crucial measurement of how well your operations team fulfills your orders according to the requirements of your customers.

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