The Logistics of Logistics

Joe Lynch: Transportation, Logistics Podcaster
undefined
Feb 17, 2021 • 40min

Amazon vs Target vs Walmart with Rick Watson

Amazon vs Target vs Walmart with Rick Watson Joe Lynch and Rick Watson discuss Amazon vs Target vs Walmart and their strengths and weaknesses in the areas of ecommerce, fulfillment, distribution, and logistics. About Rick Watson Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the ecommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes. Watson was one of the first employees at ChannelAdvisor, spending 10 years there in various executive capacities and launching many of the company's flagship offerings. He was then recruited to launch the third-party marketplace at BarnesandNoble.com, expanding the company's product catalog by over 1 million items. After the successful marketplace launch, he served as CEO of Merchantry and led the company to a $30M acquisition by Tradeshift. Upon fulfilling the transition obligations of Merchantry to Tradeshift, Watson directed the cross-border product strategy of Pitney Bowes, a $450M business, comprised of Borderfree and the eBay Global Shipping Program. Watson's work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct-to-consumer digital ecommerce platform that powers AnneKlein.com and JosephAbboud.com. About RMW Commerce Consulting RMW Commerce Consulting supports investors and management teams incubating and growing digital businesses online – both direct-to-consumer and B2B. RMW was founded by Rick Watson after his more than 20 years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes. Key Takeaways: Amazon vs Target vs Walmart The lines have blurred when it comes to retail and ecommerce. In the past, consumers either bought online or bought from their local retailers. Today, consumer expectations have risen in large part because companies like Amazon, Target, and Walmart have created such a wonderful customer experience. During the discussion, Rick talked about each company's business model, along with their relative strengths and weaknesses in the areas of customer experience, fulfillment, and delivery. Amazon Amazon is a pioneer in the ecommerce space, but to ensure that the customer experience, delivery, and fulfillment is world-class, Amazon has invested heavily in fulfillment centers close to consumers. The fulfillment centers enable Amazon to store inventory close to consumers which allows for fast delivery and even same-day / next-day delivery. Amazon has raised the bar on digital communication with customers and their accurate, on-time home deliveries set the benchmark for the rest of the industry. To further cement their position as the leader in-home delivery, Amazon has started an asset-based logistics company to keep the packages moving. Amazon is first and foremost a technology company and they will use their superior tech capability to stay a leader in the business. Target Target started as an old-school retailer with virtually no technology or online presence. In terms of selling online, Target had a very late start. Target was not equipped to manage an online store and they even had Amazon manage their online sales for a short time. As a traditional retailer, Target couldn't just copy Amazon's strategy. Target ultimately decided to invest in their stores. They made each store a fulfillment center and today, 90% of Target's online orders are fulfilled by their stores. Additionally, Target has pioneered several purchasing/fulfillment options including BOPAC (Buy online and pick up at curb) BOPIS (Buy online and pick up in store), and same-day / next-day deliveries via Shipt (an independent subsidiary of Target). Shipt facilitates same-day delivery from various retailers to its members through either phone apps or via their website. Shipt has over 200,000 personal shoppers delivering products to homes. Walmart Walmart is the world's largest company by revenue, with over $524 billion USD in 2020. Walmart is also the also the biggest food retailer in the USA. Walmart is a juggernaut when comes to sales and operational excellence. Walmart's inventory management, distribution, and logistics are arguably the best in the retail world. Obviously, the company understands retailing, but they struggled with their transition to online sales. Walmart was late to the online party and they had a few missteps. In recent years, Walmart has made major investments that enable their stores to be fulfillment centers. With over 11,500 stores worldwide, Walmart has locations close to the world's population centers. In addition to their store and fulfillment center investment, Walmart purchased Jet.com to gain the experience and resources of a web-native ecommerce company. Learn More About Amazon vs Target vs Walmart with Rick Watson Rick Watson RMW Commerce The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn
undefined
Feb 17, 2021 • 41min

Greg Price and the Shipwell Story

Greg Price and the Shipwell Story Ryan Schreiber and Greg Price discuss Greg's entrepreneurial journey and the Shipwell story. Greg is the Co-founder of Shipwell, a cloud-based transportation management software company. About Greg Price Greg Price is the CEO and Co-founder of Shipwell, a cloud based TMS solution based in Austin, TX. Shipwell is transforming the supply chain industry by replacing opaque and manual processes through a tech-enabled, fully connected logistics ecosystem with more than 500,000 carrier partners. Greg Price co-founded Shipwell to apply his engineering and machine learning background to the transportation market and bring automation, visibility, and artificial intelligence to the supply chain space. While a consultant at McKinsey & Co, Greg leveraged advanced analytics and machine learning to solve crucial challenges facing Fortune 100 supply chains across CPG, Retail, Oil & Gas, and Manufacturing, resulting $500M+ in realized savings and earnings. Previously, he spent 7 years working at MIT's Lincoln Labs creating hardware, software, and algorithms for the US Department of Defense and holds master's degrees in Engineering and Business from MIT. About Shipwell Shipwell is transforming the supply chain industry with a cloud-based shipping solution that grows with your business. Their connected SaaS platform combines the features and functionality of a TMS with advanced visibility and an integrated partner network in a simple solution that uses data analytics and workflow automation to maximize efficiencies and reduce total cost of ownership. Shipwell's innovative architecture delivers actionable, data-driven insights so customers can focus on high priority tasks, identify and resolve transportation issues, and quickly access capacity. From order management to financial reconciliation, Shipwell's platform saves time, reduces cost, and optimizes the shipping experience throughout the entire supply chain. Shipwell is proud to be recognized as a notable vendor in the 2020 Gartner Magic Quadrant for TMS, as well as a Forbes 2020 Next Billion-Dollar Startup. Learn More About Greg Price and the Shipwell Story Greg Price Shipwell.com @shipwell LinkedIn Facebook.com/Shipwellinc. press@shipwell.com Jason Traff and the Shipwell Story
undefined
Feb 15, 2021 • 36min

What I Learned from Working at 6 Fulfillment Companies in 3 Months with Channa Ranatunga

What I Learned from Working at 6 Fulfillment Companies in 3 Months with Channa Ranatunga Channa Ranatunga and Joe Lynch discuss what Channna learned from working at 6 fulfillment companies in 3 months. Channa's company, Rabot provides tools that enable improved worker efficiency in fulfillment warehouses, so he wanted to gain firsthand experience working in fulfillment. About Channa Ranatunga Channa Ranatunga is the Co-founder and CEO of Rabot, a technology company dedicated to building smart tools that reduce repetitive work and improve worker efficiency in warehouses. Channa is an experienced entrepreneur in the logistics and supply chain space. He enjoys learning about new technologies and current challenges faced within the warehousing and fulfillment space and is always looking to connect with logistics professionals. Prior to starting Rabot, Channa was a Senior Applications Specialist at a machine vision company. Earlier in his career, Channa owned a pack and ship store and also founded a wireless device company focused on smart farms. About Rabot Rabot builds smart tools to reduce repetitive work and improve worker efficiency in warehouses. Due to the growth of e-commerce in the global economy, e-commerce fulfillment and logistics companies are struggling to maintain profit margins as their customers expect shorter and error-free fulfillment cycles. This is prompting the need for smarter technology solutions to help with the rapid growth. At Rabot, we are building smart tools to reduce inefficient, inaccurate, and repetitive manual work and improve warehouse operations' traceability. Rabot is based in Arlington, Texas. Key Takeaways: What I Learned from Working at 6 Fulfillment Companies in 3 Months Channa learned the following from working at 6 fulfillment companies in 3 months: People The workers are generally very hard working. Diverse workforces, usually a family environment. Many workers are fearful of robotics because they see it as a potential threat to their jobs. Many workers are struggling financially, some sad stories, people living in cars. High turnover, repetitive work, demanding physically, no sick days. Workers often work in the gig economy, very interested in Uber, Lyft, etc. as alternative sources of income. Management was typically very kind, treated people well. Everybody, management, and workers are trying to do the right things. Process The work is repetitive, sometimes difficult to stay focused, which leads to quality issues. Some processes work well, easy to manage, and do a good job, other processes are very hard because there is no technology or the tech is mismatched or inadequate In general, too many manual processes, writing out barcode numbers on to paper, etc. Management often don't have visibility into the process – only the output Management's lack of visibility into the process, means there are errors, bad orders Process variability based on the operator (experience, effort, training, size/strength) Technology Many fulfillment companies are not using technology properly. Some warehousing and fulfillment company not utilizing any technology at all. WMS not used in two of the six fulfillment companies – manual processes, no scan guns. Learn More About What I Learned from Working at 6 Fulfillment Companies in 3 Months Channa Ranatunga Rabot Other Podcasts about Fulfillment Rethinking Fulfillment with Guy Courtin
undefined
Feb 11, 2021 • 38min

The Perfect Partner for the Owner-Operator with Mandy Morrow

undefined
Feb 7, 2021 • 41min

Predict and Prevent Freight Damage with Ilya Preston

Predict and Prevent Freight Damage with Ilya Preston Ilya Preston and Joe Lynch discuss ways to predict and prevent freight damage. Freight damage is not only expensive and upsetting to customers, but it is also ridiculously hard to figure out where, when, and how it occurred. Ilya's company, Paxafe creates sensors that enable companies to determine when, where, and how shipments were damaged. About Ilya Preston Ilya Preston is the Co-founder and CEO of PAXAFE. Ilya was formerly a strategy and operations management consultant within the Big 4 with both PwC and KPMG, advising Fortune 1000 clients across healthcare, technology, and private equity verticals. Prior to his time in consulting, Ilya was a Supply Chain Strategy Manager at Cummins Inc, where he oversaw $100M in spend and was responsible for developing the commodity strategy for sheet metal fabrication and raw metal purchases. Ilya earned a Bachelor of Science in International Business from the University of Indianapolis. About PAXAFE PAXAFE predicts adverse events through the supply chain to de-risk B2B shipments and enable intelligent cargo insurance. By building machine learning models that properly diagnose and label excursions, PAXAFE is uniquely positioned to leverage more granular, contextual data to accurately identify when, where and under which conditions future adverse events are likely to occur. PAXAFE has developed an intelligence platform – CONTXT - that leverages near real-time telematics, third-party and ERP data to provide a digital twin to the physical supply chain capable of answering who, what, when, where, how, and why. CONTXT enables shippers, 3PLs / carriers and insurance providers the ability to intercept at-risk shipments, automate claim diagnosis and root cause analysis, and improve loss ratios via improved underwriting. PAXAFE's platform decreases cargo loss while improving operational efficiencies. PAXAFE - a venture-backed C-Corp - is a graduate of gener8tor Accelerator, was a 2019 Accelerate Michigan startup competition finalist and a 2020 ACORD InsurTech Challenge finalist, and is a top 20 Wisconsin startup to watch in 2020 and 2021. PAXAFE is currently a part of the Creative Destruction Lab (CDL) - Risk stream. Key Takeaways: Predict and Prevent Freight Damage Freight damage and loss are extremely upsetting to shippers, transportation providers, and end customers. Additionally, freight damage and loss are very expensive. Every time a shipment is damaged or lost and freight claim is created, somebody must determine when, where, and how it happened. The company or person who was responsible is sometimes very hard to determine, and let's face it most people will not want to take responsibility for the screw-up. In the interview, Ilya explains how his company has created small, affordable sensors that can be added to the shipment and precisely determine when and where the shipment was damaged, assuming the shipment is damaged. Additionally, the sensors can provide additional insights into the damage like whether the shipment was dropped or if it accelerated quickly during a truck spike stop. This additional context that the sensors provide enables shippers and transportation providers to analyze damaged shipment and then improve the process to prevent future damage. Lost shipments with the included sensors are usually easily found. In addition, PAXAFE has created temperature sensors that can prevent temperature excursions that lead to food damage. Learn More About How to Predict and Prevent Freight Damage Ilya Preston PAXAFE Recent Podcasts About Trucking The Internet of Trucking (IoT) with Tapan Chaudhari The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn
undefined
Feb 5, 2021 • 57min

Top Trends in Supply Chain Tech with Charley Dehoney

Top Trends in Supply Chain Tech with Charley Dehoney Charley Dehoney and Joe Lynch discuss the top trends in supply chain tech. Charley is an entrepreneur, executive, and investor in companies that are transforming the logistics and supply chain with technology. About Charley Dehoney Charley Dehoney is a growth-focused executive, board member, and investor, with more than 17 years of experience at the intersection of transportation and technology. He has helped launch, build, and scale companies that have supported hundreds of millions of dollars in growth. Charley is currently working on a number of freight-related projects including a stealth startup focusing on automating global trade and acquiring logistics business. Recently, Dehoney served as CEO of Manning's Truck Brokerage, a 50-year-old, logistics company acquired in 2020 by Fitzmark, Inc. Dehoney has also held executive roles in several high growth and venture capital-backed logistics businesses. Charley earned a BS in Sociology from the San Jose State University where he also played on the varsity football team. He lives in Omaha, Nebraska with his beautiful wife and three strapping young sons. Key Takeaways: Top Trends in Supply Chain Tech The podcast interview was based on an article Charley recently wrote called: Top Trends in Supply Chain Technology for 2021. Trend number 1 - Transportation Marketplaces — We're Never Going Back. Trend number 2 - Overlap between Digital Freight Brokers and Digital Freight Marketplaces. Trend number 3 - International Ocean Freight Data and Visibility. Trend number 4 - Freight FinTech. Charley highlighted companies that are leading these trends: Cargomatic, Emerge, Newtrul, Cargobase, FourKites, Project44, Vizion, RPA Labs, OpenTrack, OpenEnvoy, BasicBlock, PayCargo, Learn More About Top Trends in Supply Chain Tech Charley Dehoney Top Trends in Supply Chain Technology for 2021 How Will You Compete with Amazon with Charley Dehoney The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn
undefined
Feb 4, 2021 • 38min

Kevin Nolan and the Nolan Transportation Group Story

Ryan Schreiber and Kevin Nolan discuss Kevin's entrepreneurial journey and the Nolan Transportation Group Story. Kevin is the Founder of Nolan Transportation Group (NTG). About Kevin Nolan Kevin Nolan is the Founder and Chief Rhino at Nolan Transportation Group (NTG). Kevin founded NTG in 2005 with a small office, a box of cash, and two employees. NTG was built on a service promise and Kevin's open communication style quickly earned the trust of both carriers and shippers. After five years in operation, NTG opened additional offices and began to take off, adding nine more offices between 2011 and 2016. Today, NTG has 13 offices nationwide. Kevin received his B.S. in Business Administration from Presbyterian College while playing college football, developing the competitive spirit he runs the business with today. After finding early success as a freight broker for C.H. Robinson, Kevin left the industry and went on to manage multiple Waffle House stores. He finished his career as the top sales manager across the company, honored with the Top Waffle Award. Kevin went on to earn his MBA at Mercer and completed the degree with a business model focused on the freight brokerage industry. With experience and education under his belt, Kevin was able to form the foundation for NTG. About Nolan Transportation Group (NTG) Nolan Transportation Group (NTG) is a full-service, third-party Logistics Company dedicated to delivering the highest level of service in the transportation industry. NTG's carrier base consists of over 30,000 independent transportation/trucking companies that facilitate the movement of our customers' product. Whether you're a carrier that needs to get loaded or a shipper that deserves the best possible service in the industry, our team is eager and ready to fulfill your needs and keep you charging forward. Visit our website to learn more about our capabilities and service at www.ntgfreight.com. NTG has been ranked a 2020 Top Freight Brokerage Firm by Transport Topics and has appeared on the Inc. 5000 list of America's fastest-growing, private companies for six consecutive years (2015-2019). NTG offers excellent career growth potential with an immediate opportunity to learn from our industry-experienced team members. NTG is headquartered in Atlanta, GA with 13 other locations throughout the U.S. Learn More About Kevin Nolan and the Nolan Transportation Group Story Kevin Nolan Nolan Transportation Group From Top Waffle to Top Rhino Introducing Inside the Founders' Studio
undefined
Feb 3, 2021 • 40min

The Internet of Trucking (IoT) with Tapan Chaudhari

The Internet of Trucking (IoT) with Tapan Chaudhari Tapan Chaudhari and Joe Lynch discuss the internet of trucking (IoT) which refers to all the connected devices and sensors that are being used in the trucking industry. About Tapan Chaudhari Tapan Chaudhari is the Founder and CEO of TruckX, a technology firm focused on the trucking industry. Tapan founded TruckX with the goal of bringing transparency, visibility, and efficiency to the trucking industry. Prior to the founding of TruckX, Tapan held leadership positions at several tech start-ups in the San Francisco Bay / Silicon Valley area. Tapan earned a Bachelor of Science in Computer Science from Vishwakarma Institute of Technology (India). About TruckX TruckX is a technology firm focused on the trucking industry. TruckX's first product was an electronic logging device (ELD). Since then, TruckX has launched a series of devices and sensors that helps trucking companies gain additional transparency, visibility, and efficiency. TruckX products include fleet tracking sensors, electronic logging devices, dashcams, and asset trackers. TruckX is at the forefront of the internet of trucking (IoT). TruckX is headquartered in Mountain View, CA. Key Takeaways: The Internet of Trucking (IoT) In the interview, Tapan explains how the internet of trucking (IoT) began to gain momentum with the electronic logging device (ELD) mandate that went into effect in 2019. To be compliant, carriers had to install and train drivers to use an electronic logging device, which tracks the driver's hours of service (HOS) As carriers, brokers, and 3PLs implemented ELDs and other visibility solutions, the desire for more information increased. Today, companies like TruckX are launching trucking specific IoT products like: Dash cameras that will videotape the outward-facing (driver's view) and inward-facing (view of the driver) are useful in the event of an accident. The video can also be used for driver training and recording video of vehicle theft. Cameras attached to side-view mirrors to capture footage, which would be useful in the in the event of an accident or theft. Temperature sensors inside the trailer of temperature-controlled shipments. The sensors enable drivers and carriers to document the temperature from pick-up to delivery. The sensors can also proactively alert drivers and dispatchers of temperature excursions. Trailer location sensors help with tracking the trailer and the products within the trailers. The sensors also help truckers find trailers inside truck yards. Door sensors that record when and where the trailer door was opened. This information would be very useful when investigating freight claims, preventing theft, and ensuring the doors are closed on temperature-controlled shipments. Sensors that can capture the approximate capacity used inside the trailer. This technology helps shippers and carriers measure trailer utilization. The integrated nature of the internet of trucking (IoT) products enables shippers and carriers to become more efficient and transparent. IoT also increases visibility, utilization, and proactive measures to solve little problems before they become big problems. Learn More About the Internet of Trucking (IoT) Tapan Chaudhari TruckX ELD, Driver Fatigue and Safety with Dean Croke The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn
undefined
Feb 2, 2021 • 42min

Jason Traff and the Shipwell Story

Jason Traff and the Shipwell Story Joe Lynch and Jason Traff discuss Jason's entrepreneurial journey and the Shipwell. Jason is the Co-founder of Shipwell, a cloud-based transportation management software company. About Jason Traff Jason Traff is the President and Co-founder of Shipwell, a cloud-based TMS solution based in Austin, TX that is transforming the supply chain industry by replacing opaque and manual processes through a tech-enabled, fully connected logistics ecosystem with more than 500,000 carrier partners. Prior to Shipwell, he co-founded and ran CopyCat Paintings, a global art reproduction company based in Shenzhen, China that employed over 1,000 artists and shipped to four continents, and Leaky, an insurance technology startup backed by Y-Combinator that provided over $300 million of insurance quotes. He is a Chartered Financial Analyst and holds an MBA from the MIT Sloan School of Management. About Shipwell Shipwell is transforming the supply chain industry with a cloud-based shipping solution that grows with your business. Their connected SaaS platform combines the features and functionality of a TMS with advanced visibility and an integrated partner network in a simple solution that uses data analytics and workflow automation to maximize efficiencies and reduce the total cost of ownership. Shipwell's innovative architecture delivers actionable, data-driven insights so customers can focus on high priority tasks, identify and resolve transportation issues, and quickly access capacity. From order management to financial reconciliation, Shipwell's platform saves time, reduces cost, and optimizes the shipping experience throughout the entire supply chain. Shipwell is proud to be recognized as a notable vendor in the 2020 Gartner Magic Quadrant for TMS, as well as a Forbes 2020 Next Billion-Dollar Startup. Learn More About Jason Traff and the Shipwell Story Jason Traff Shipwell.com @shipwell LinkedIn Facebook.com/Shipwellinc. press@shipwell.com Related Podcasts Kevin Nolan and the Nolan Transportation Group Story The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn
undefined
Jan 31, 2021 • 44min

Putting Supply Chains on Autopilot with Ali Raza

Putting Supply Chains on Autopilot with Ali Raza Ali Raza and Joe Lynch discuss putting supply chains on autopilot. Ali is a theory of constraints (TOC) practitioner who founded a company to help supply chains to improve throughput. About Ali Raza Ali Raza is the Founder and CEO of Throughput, Inc., an AI-Powered software to help companies run leaner, faster, smoother, and safer operations out of the box. Ali comes from a deep academic and real-world industrial operations in process simulations and operations management. He has managed onshore/offshore/war zone logistics as well as batch, continuous, and discrete manufacturing setups. At Schlumberger, he became one of the youngest Geomarket Production Services, pioneering 3 projects and serving 50+ industrial clients. His production teams were responsible for billions of dollars of hydrocarbon output to the global economy. Ali joined his first tech startup while still an undergraduate student at the University of Pennsylvania. Since then, he has been eliminating one global bottleneck after another, with his current focus on optimizing supply chains that extend to Mars. About ThroughPut, Inc. ThroughPut Inc. is the Artificial Intelligence (AI) Supply Chain pioneer that enables companies to optimize their Operations by leveraging their existing Data Systems to increase Output, Quality and Profitability across their entire enterprise. ThroughPut's AI software, ELI, includes the only Bottleneck Management System (BMS) that utilizes existing enterprise data systems, such as ERP, MES, IMS, TMS, WMS, PLC, EAM, POS, CRM, SCADA, Historian, and other data systems, to solve for the $25 Trillion of annual Waste across global supply chains already today. Such constraints to the $90 Trillion global Economy could otherwise be dedicated to more productive, useful and sustainable purposes for the benefit of all stakeholders and communities. ThroughPut's AI software is designed by Fortune 500 Supply Chain & Logistics leaders, Silicon Valley AI and Analytics pioneers, and top global Operations Experts in the areas of the Theory of Constraints, Lean Manufacturing, Supply Chain Automation, Total Quality Management, and over four-dozen other leading best practices now digitized as part of the ELI software, with hundreds of years of hands-on experience in the space. Key Takeaways: Putting Supply Chains on Autopilot In the podcast, Ali provides an overview of throughput, theory of constraints, and Eliyahu Goldratt. Throughput is the amount of material or items passing through a system or process. Throughput can be calculated as Inventory = Rate multiplied by Time, where "rate" is the throughput. Ali and other followers of the theory of constraints believe that throughput is more like a way of life as opposed to a simple metric. The theory of constraints (TOC) is a management philosophy that views any manageable system as being limited in achieving more of its goals by a very small number of constraints. There is always at least one constraint, and TOC uses a process to identify the constraint and restructure the rest of the organization around it. Eliyahu Goldratt was an Israeli physicist turned management guru. Dr. Goldratt is best known as the father of the Theory of Constraints (TOC), a process of ongoing improvement that continuously identifies and leverages a system's constraints to achieve its goals. He introduced TOC's underlying concepts in his business novel, The Goal: A Process of Ongoing Improvement, which has been recognized as one of the best-selling business books of all time. At ThroughPut.ai they have a world class team of industrial experts from the fields of operational excellence, artificial intelligence, supply chain, manufacturing, distribution, industrial automation, and finance with the goal of making and moving thing more efficiently. Their approach reduces the time from order to cash and produces in increased free-cash-flow. ai uses AI to help decision-makers identify and eliminate process, and supply chain bottlenecks. This AI driven approach enables companies to put their supply chains on auto-pilot – an optimized system that yield high throughput and cash-flow. Learn More About Putting Supply Chains on Autopilot Ali Raza ThroughPut Inc Throughput Economics: Making Good Management Decisions Overcoming Supply Chain Disruptions with Shanna Greathouse and Tony Nichols The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app