Tue.Jun 06, 2023

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Improve Supply Chain Strategies with Digital Twin Technology

Enterra Insights

The late President and 5-star General Dwight D. Eisenhower once stated, “In preparing for battle, I have always found that plans are useless, but planning is indispensable.” Over the years, there has been a lot written about why planning is indispensable, even if plans are useless. Here’s my two cents. Planning is indispensable because, done right, it explores a number of scenarios and involves a lot of “what if” thinking.

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Navigating Uncharted Waters: Out of the Fort and Into the Moat

Freightos

The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. His product – a magnetic pillow fort for kids that was funded by a wildly successful Kickstarter campaign – was both fun…and bulky.

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D.I.MAR Makes Waves with Supply Chain Digital Transformation, Powered by ToolsGroup Automation

ToolsGroup

Teaming up with ToolsGroup, the Italian frozen seafood company chooses AI to advance its supply chain processes and guarantee a superior consumer experience. MILAN and BOSTON – June 6, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is thrilled to announce it has been selected by D.I.MAR, an Italian leader in the frozen food industry, to heighten its supply chain performance, bolster supplier relationships, and drive enhanced business results.

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The Top Opportunities for LSPs and 3PLs in Today’s Challenging Business Environment

The Network Effect

The post The Top Opportunities for LSPs and 3PLs in Today’s Challenging Business Environment appeared first on The Network Effect.

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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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Top 5 Logistics Software Trends in 2023

C3 Solutions

If last year was characterized as the year that the entire world finally woke up to the importance of the supply chain, 2023 is set to be the year logistics executives take their supply chain seriously. The difficulties faced keeping goods moving in the last two years have made it imperative to put the right technology in place to help navigate the increasing complexity of managing any company’s supply chain.

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Connecting the Gaps Between Financial Planning & Operational Planning

QAD

Many businesses today still allow internal departments to work independently of each other, causing daily functions to shift into silos and creating disconnects in processes and, inevitably, the supply chain. This is especially true for sales and operations planning (S&OP) and financial planning. However, considering today’s volatile global supply chain, financial planning must be integrated with sales and operations during the planning process to align both department’s goals.

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Charting a Sustainable Path Together: Nine Tips for Engaging Procurement Teams in Your Sustainability Journey

SupplyShift

Sustainability and responsible sourcing professionals often face the challenge of engaging their procurement teams in sustainability initiatives. With procurement professionals managing a significant portion of company revenue, they play a crucial role in supply chain sustainability. But do you understand how to collaborate with procurement professionals in your organization to implement sustainable supply chain practices?

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5 Ways Artificial Intelligence Impacts the Supply Chain

Arkieva

The adoption of machine learning and artificial intelligence is on the rise, but not at the pace of other transformations. Here are a few reasons why. 5 Ways Artificial Intelligence Impacts the Supply Chain was first posted on June 6, 2023 at 7:48 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

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6 Supply Chain Tools Which Will Save You 30 Hours

SCMDOJO

In today’s fast-paced business world, optimizing your supply chain is essential for staying competitive and efficient. With the right supply chain tools at your disposal, you can streamline operations, boost productivity, and save valuable time. Many professionals rely on MS Excel as the go-to software for supply chain and procurement tasks but creating detailed dashboards can be time-consuming and exhausting.

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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5 Supply Chain Fixes for 2023

Logistics Bureau

In the constantly evolving realm of the supply chain, paying close attention to its operations and management is essential for ensuring efficiency. A small unnoticed mistake can potentially result in significant issues for the entire process. Taking responsibility by assessing areas for improvement from time to time will help you achieve smooth and successful supply chain management.

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The Path to Innovation: Key Insights from PTC LiveWorx 2023

Arena Solutions

On May 15-18, 2023, over 10,000 industrial enterprise professionals convened virtually and in person at the Boston Convention and Exhibition Center to attend LiveWorx, PTC’s premier digital transformation event. This year’s forum was all about harnessing the power of digital to help manufacturing companies improve efficiencies and deliver better products and services.

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BA/Boots Data Breach – Expert Comment

IT Supply Chain

By Graham Hawkey (pictured) Privileged Access Management (PAM) Specialist, Osirium The post BA/Boots Data Breach – Expert Comment appeared first on IT Supply Chain.

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A Gentle Introduction to Two Advanced Techniques: Statistical Bootstrapping and Monte Carlo Simulation

The Smart Software

Smart Software’s advanced supply chain analytics exploits multiple advanced methods. Two of the most important are “statistical bootstrapping” and “Monte Carlo simulation”. Since both involve lots of random numbers flying around, folks sometimes get confused about which is which and what they are good for. Hence, this note. Bottom line up front: Statistical bootstrapping generates demand scenarios for forecasting.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Creativity & collaboration: How the food industry is bouncing back following years of disruptions

IT Supply Chain

By Eleonore de Montjoye, Senior Manager (pictured) & Barbara Guignard, Principal, Efficio The post Creativity & collaboration: How the food industry is bouncing back following years of disruptions appeared first on IT Supply Chain.

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13 Important Roles of Data Analytics in Supply Chain Optimization

SCMDOJO

Business is fast-paced and competitive in the modern world; the market is also saturated. For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives.

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GM and POSCO Future M Investing $1bn in North American EV Battery Supply Chain

Supply Chain Brain

The Ultium CAM joint venture will reportedly support the annual production of 360,000 Chevrolet, Cadillac, GMC, Buick and BrightDrop vehicles in North America from 2025 to 2030.

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It’s Only Business With Brittain Ladd: The Autonomous Supply Chain is Real

Supply Chain Management and Analytics

Supply chains are notoriously volatile. Creating autonomous supply chains won’t eliminate volatility, but AI has the ability to evaluate data and make recommendations that will mitigate an identified issue. AI will also minimize disruptive ripple effects across the supply chain. The purpose of a supply chain is to do one thing - enable growth. Autonomous supply chains won’t just become a reality; they’ll be a must-have.

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More Than 40 New Manufacturers Join Configura’s Platform in 2023

More than 40 manufacturers across the commercial interior, material handling, and kitchen and bath industries expand offers via Configura’s CET platform in 2023.

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How Automated Tax Compliance Can Improve Supply Chains

Supply Chain Brain

Despite all the different channels that retailers are selling from, the customer still expects a consistent buying experience, and one aspect of that is sales tax.

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Supply chain managers are now key influencers

IT Supply Chain

By Chris Billinge (pictured) Group Business Development Director, TFC The post Supply chain managers are now key influencers appeared first on IT Supply Chain.

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Toyota Indus Halts Production Due to Supply Chain Issues

Supply Chain Brain

In an official notice sent to the Pakistan Stock Exchange, Toyota Indus said it would shut down production from June 3 through June 8, 2023.

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The Importance of Proper Truck Maintenance for Your Logistics Operations

IT Supply Chain

By Allen Brown (pictured) Content Writer The post The Importance of Proper Truck Maintenance for Your Logistics Operations appeared first on IT Supply Chain.

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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.

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Supply Chain Risk Management? Yes! But How?

Jaggaer

JAGGAER's latest news on procurement & sourcing. Read now: Supply Chain Risk Management? Yes! But How?

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Supply Chain News on US PMI Shows US Manufacturing Declined for Seventh Straight Month in May

Supply Chain Digest

New Orders and Order Backlog Measures also Fell Sharply

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How Small Shippers Can Save on Parcel Shipping Costs

Amware Logistics and Fulfillment

In the same way that Isaiah Thomas (5’9”) and Earl Boykins (5’5”) succeeded in professional basketball without being big, small to mid-sized merchants are finding ways to win in the parcel shipping game without the benefit of large-volume buying power.

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Global Supply Chain News on Rates for Container Shipping Continue to Fall

Supply Chain Digest

All the Usual Carrier Tactics are Having Minimal Impact

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What is Mesh Networking Trends Report

This report details the capabilities of mesh networks, how they work, and the applications they thrive in supporting. Connectivity is necessary for optimal productivity, and mesh networking will soon be a significant provider of connectivity globally.

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Watch: How Retailers and CPG Companies Are Deploying AI

Supply Chain Brain

Artificial intelligence is enhancing the operations of retailers and consumer goods manufacturers, says Sivakumar Lakshmanan, chief executive officer of Antuit.AI, a Zebra Technologies company.

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Supply Chain News on Amazon Fulfillment Center Workers in UK Walk, Complain Bathroom Breaks are Timed

Supply Chain Digest

Take too Long in the Loo, Prepare to be Challenged, Workers Say

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Solving the Dysfunctional Freight Contracting and Bid Process

Supply Chain Brain

The annual freight contracting and bid process leaves few guarantees and little assurance in the volatile trucking market. New AI-based solutions are looking to fix this.

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