Mon.May 01, 2023

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7 Factors to Consider During Supply Chain Planning Implementation

John Galt

Key factors to consider during the implementation of a supply chain planning software solution to help ensure success in the process.

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Strategy. Strategy. Wherefore Art Thou Strategy?

Supply Chain Shaman

“An idiot with a plan can beat a genius without a plan.” Warren Buffet, Investor This week, I finished a report. It will publish next week. The research focuses on lessons to be learned from the past thirty-seven months of disruption. My primary insight is that many of the technology initiatives that were underway at the start of the disruption did not serve us well.

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Negotiating With A Chatbot: A Walmart Procurement Case Study

Talking Logistics

This past February we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — “Is your company using Artificial Intelligence in its supply chain or logistics operations?” More than two-thirds of the respondents (68%) said they weren’t using AI and.

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It’s the Most Wonderful Time of the (Supply Chain) Year

DELMIA Quintiq

It’s that time of year again! The largest gathering of Supply Chain professionals in the US at the biggest conference of the year: the Gartner Supply Chain Symposium & Xpo 2023 in Orlando, Florida, May 8th thru 10th. Click here for more information. If you have attended this show in the past, you will know that it is not a small investment of time and cost to take part (as either an exhibitor or a conference attendee).

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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Supply Chain AI: 3 Trends Here to Stay – Thought Leaders

Logility

At Logility, we’re committed to staying at the forefront of industry trends and innovations, like Supply Chain AI, to better serve our customers. That’s why as a Director on our Innovation Team, I was particularly interested in attending the Gartner Data & Analytics Summit in March, which is known for providing cutting-edge insights and thought leadership.

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Supply Chain Roundtable Series: Getting Demand Forecasting Right 

Unleashed

Demand forecasting has gained increasing importance over the last few years. Unprecedented supply chain challenges have meant the risks and consequences of over- or understocking have been felt around the globe. We met with five supply chain experts to discuss how crucial demand forecasting is for mitigating risk, and what businesses can do to improve forecast accuracy.

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Q1 2023 Freight Forwarding Market Overview & Outlook

Cathy Roberson

(Photo credit: Depositphotos.com) It’s been a while since I last looked into the freight forwarding market, but with all the post-pandemic market changes, I decided to do so, similar to what I did for the parcel & last mile market in early April. Thanks for reading Rethinking supply chains! Subscribe for free to receive new posts and support my work.

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Chinese Truck Maker to Boost Mexico Presence With Eye on U.S. Market

Supply Chain Brain

Mexico is increasingly attracting companies’ investment and attention as firms relocate factories to get closer to U.S. consumers and avoid the difficulties caused by lengthy supply chains.

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On-demand Webinar: FASB Regulations

Taulia

Home Webinar FASB Regulations Submit the form to access Join Alex Debbink, Alex Fredericks, Mike Hewitt, and Ali Ansari for this The Working Capital Forum for practical insight on how you should be reporting your supply chain finance programs under the new FASB regulations. This webinar will provide you with expert advice on how to navigate the changes to regulatory standards and the effect it will have on your business.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Curing Product Waste in the Pharma Supply Chain for the Health of the People—and the Planet

Supply Chain Brain

In this webinar, industry experts unpack the impacts of product waste on the planet, pharmaceutical companies, and patients, as well as a solution—real-time shipment visibility technology that allows logistics teams to solve in-transit issues before they result in damage and loss.

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Smart Software and Optimum Consulting Announce Strategic Partnership

The Smart Software

Smart Software and Optimum Consulting, today announced their partnership to address the supply chain planning needs of the Manufacturing, Wholesale, and Retail industries in Australia and New Zealand The post Smart Software and Optimum Consulting Announce Strategic Partnership appeared first on Smart Software.

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The Evolution and Future of Demand Management

ThroughPut

or the planners who are managing super-complex supply chains that include everything from your tiered suppliers, inventory to logistics and sales, the pressure has literally gone through the roof. Yes, we live in an era where demand drives supply. But to not be able to understand or manage that demand, given the market volatility created by higher customer expectations and shorter fulfillment cycles, has created continuous ripples of chaos in the entire supply chain.

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Maximizing Efficiency and Profits: How Asset Tracking Enhances Operations and Boosts ROI

RFgen

Asset tracking has become an essential aspect of managing a business. For companies with a large number of tangible fixed assets, such as those in manufacturing, the food and beverage industry, oil & gas , government, and public utilities, managing equipment and spare parts over a large area can be challenging. Effective oversight of resources requires reliable insights into asset locations, quantities, and statuses.

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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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Inventory Control Chart: Definition, Uses, Examples

Unleashed

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. It helps businesses determine when to reorder stock, and how much of it to order. What is an inventory control chart? An inventory control chart, also known as a stock control chart, is a visual diagram that reflects the minimum and maximum stock levels of a business over time.

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"Logistics Control Tower" versus "Supply-Chain Resolution Hub"

Global Trade Management

Today's main Supply Chain Challenges are complexity, visibility and risk. While automation has made supply chains more efficient, they've also become more complex and convoluted. This is why we need a new approach to managing them: the resolution hub. To understand this new approach, we'll explore some of today's most common problems with existing control towers and how they can be solved with a resolution hub solution that monitors, detects and resolves problems at scale in real-time.

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The Financial Metrics in Measuring a Well-Balanced Inventory – Part 1

Valogix

Most small businesses use an ERP system from companies like SAP, NetSuite and Microsoft. But they fall short of providing inventory optimization and rationalization. Achieving a well-balanced, efficient inventory is no small task as supply chain complexity is ever increasing. How do you get there? How do you know when you have arrived? Understanding and using some basic financial and accounting methods with an advanced inventory optimization solution will help get you there.

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HAVI and Kinaxis Partnering to Launch Analytics Tool for Quick Service Restaurant Industry

Supply Chain Brain

The partnership will provide clients with access to Kinaxis' RapidResponse platform as well as HAVI's 40+ years of supply chain expertise.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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The Importance of Data Archiving in Improving Operational Efficiency

USC Consulting Group

As businesses continue to produce massive amounts of data in today’s world, effectively managing and leveraging this information has become a major challenge. One crucial solution to this challenge is data archiving. Keep reading to learn more about the significance of data archiving in enhancing operational efficiency, and why it’s a critical step for any business looking to streamline its processes and maximize its potential.

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INPEX, Idemitsu Kosan and ANA Sign Jet Fuel Carbon Neutralization Agreement

Supply Chain Brain

INPEX and Idemitsu will acquire carbon credits in order to neutralize 100% of the carbon dioxide generated by ANA’s jet fuel supply chain.

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Simmons Foods’ Approach to Transportation Spend

Logistics Viewpoints

On April 4 th , Kyle Masters – the senior manager of transportation procurement at Simmons Foods, participated in a webinar hosted by Emerge. The webinar focused on Simmons Food’s approach to transportation procurement. Simmons Foods, and its affiliates, are suppliers of poultry, pet, and animal nutrition products. This family-owned business is headquartered in Siloam Springs Arkansas in the US.

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Gathering Inventory Data with Sankalp Arora

The Logistics of Logistics

Sankalp Arora and Joe Lynch discuss gathering inventory data, a function that is being transformed by Sankalp’s company Gather AI. Sankalp is CEO and Co-founder at Gather AI, a warehouse automation company that has created the world’s first drone-powered inventory monitoring solution. About Sankalp Arora Sankalp Arora is an accomplished entrepreneur and roboticist, currently serving as the CEO and Co-founder of Gather AI, a cutting-edge warehouse automation company.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Supply Chain News on Truck Drivers do not like In Cab Cameras, but they Provide Real Benefits

Supply Chain Digest

ATRI Report Provides Detailed Analysis of the Issue

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De-Risking Supply Chains in 2023: Just-in-Time or Just-in-Case?

CHAINalytics

Efforts to build robust supply chains are not new. Leaders must often contend with disruptions driven by internal value chain failures and market events. The ongoing pandemic, global and regional conflicts, and economic turbulence are just a few pervasive supply chain risks impacting critical customer, operational, and business metrics. Supply chain resiliency is central to … The post De-Risking Supply Chains in 2023: Just-in-Time or Just-in-Case?

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Global Supply Chain News on Spot and Contract Container Rates Continue to Tank

Supply Chain Digest

Spot Rates at Lowest Sustainable Level Expert Says

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What About the Overstock Problem?

Supply Chain Brain

Over the past three years, retailers have been wrestling with product shortages and increasingly painful out-of-stock issues. More recently, however, they’ve been struggling with overstocks.

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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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Types of forecasting problems we help solve

The Smart Software

Generating accurate statistical forecasts isn’t an easy task. Planners need to keep historical data continually up to date, build and manage a database of forecasting models, know which forecast methods to use, keep track of forecast overrides, and report on forecast accuracy. Here are examples of forecasting problems that SmartForecasts can solve, along with the kinds of business data representative of each.

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Watch: Keeping Pace With the Relentless Growth of E-Commerce

Supply Chain Brain

All of the problems experienced in e-commerce sales during the pandemic are continuing, says Paul Ambruso, VP and general manager, mobile robotics, at Berkshire Grey. The challenges, however, are opportunities for technology vendors.

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How to Calculate Dimensional Weight and Why It Matters

Ware2Go

Learn how to calculate and reduce dimensional weight to lower shipping costs and improve margins. What is Dimensional Weight (DIM Weight)? DIM weight is a formula used by carriers to determine the cost of shipping a package first implemented by UPS, FedEx, and USPS in 2015. Prior to 2015, shipping costs were largely calculated based on weight and time in transit through shipping zones.The heavier the package and/or further it traveled, the more expensive it would be to ship.