Thu.Sep 07, 2023

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From Traditional Planning to Insight-Based Planning: A New Approach

Logility

The world of supply chain planning has undergone significant changes in the last few years and companies have changed their approaches to deal with such changes. One important change has been the shift from traditional planning to insight-based planning. In traditional planning, stakeholders come together to discuss and agree on numbers and actions to take based on those numbers.

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Addressing Global Food Security

Enterra Insights

According to McKinsey & Company partners, Daniel Aminetzah and Nicolas Denis , the world could be facing a significant food crisis in the near future. They explain, “The pandemic. Supply chain strains. Climatic events. Converging disruptions have sent food prices soaring — and Russia’s invasion of Ukraine, one of the world’s six breadbasket regions, risks tilting the food system into global crisis.”[1] Science writer Max G.

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The Evolving Role of Demand Planners: Demand Planning Solutions

Logility

How AI powered demand planning solutions revolutionize the role of demand planners In today’s fast-paced and competitive business landscape, organizations are constantly seeking ways to optimize their operations and improve their supply chain. A critical component of this process is demand planning , which involves forecasting future demand for products or services whilst taking into account the trade-offs within the business.

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Watch: Driving Sustainability From the Root of the Supply Chain

Supply Chain Brain

There are multiple trends driving sustainability in the supply chain right now, says Frank Clary, vice president for sustainability at multi-business operator and investor Agility.

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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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The Estimated impact of ChatGPT on Supply Chain Planning

Logility

In a recent webinar on ChatGPT for Supply Chain Planning, we were joined by JDE’s IBP Director, Tineke Kok, and Martijn Lofvers from Supply Chain Media. We surveyed 1425 registered attendees to understand their perceptions of the impact of ChatGPT on Supply Chain Planning. According to the survey, 79% of the respondents perceived a high or very high impact of ChatGPT on Supply Chain Planning.

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Unlocking Supply Chain Decision-Making Secrets

Demand Driven Technologies

At our French user conference in June 2023, our partner DFYA reminded us that we’re constantly making a huge number of decisions. One figure put forward is 35,000 decisions per day for an adult human. If you do an Internet search on the number of decisions per day, Google will indeed give you 35,000. However, the.

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Inventory Management Best Practices for Tech Companies: Knowledgeable Insights by ModusLink

ModusLink Corporation

Inventory Management Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. Distinguishing Inventory Management from Supply Chain Management: While inventory management and supply chain management are closely related, it’s important to recognize that these terms are not interchangeable.

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How Continuous Improvement Became Part of Our DNA

NFI

Reading Time: 3 minutes The supply chain landscape is evolving, and the key to staying ahead lies in your 3PL partner’s ability to innovate, adapt, and grow. NFI’s Supply Chain Engineering team has harnessed these elements to create a continuous improvement strategy that brings value to our employees and customers.

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Inventory Management Best Practices for Tech Companies: Knowledgeable Insights by ModusLink

ModusLink Corporation

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. Distinguishing Inventory Management from Supply Chain Management: While inventory management and supply chain management are closely related, it’s important to recognize that these terms are not interchangeable.

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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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Requis Analytics: Procurement Intelligence

Requis

As data volumes and complexity grow, procurement professionals increasingly recognize the need for accurate and transparent data management. This is essential for managing equipment flow, selecting suppliers, negotiating contracts, and mitigating risks. Data has long been a problem for procurement, with 97% of Dun and Bradstreet survey respondents indicating that supplier data management is an area of struggle for their teams.

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Inventory Management Best Practices for Tech Companies: Knowledgeable Insights by ModusLink

ModusLink Corporation

Introduction: In the rapidly evolving tech industry, maintaining optimal inventory management practices is crucial for sustained growth and competitiveness. This blog delves into industry-leading inventory management best practices. Distinguishing Inventory Management from Supply Chain Management: While inventory management and supply chain management are closely related, it’s important to recognize that these terms are not interchangeable.

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Logility to Acquire ChatGPT Technology Provider Garvis

Supply Chain Matters

Supply Chain Matters This Week in Supply Chain Tech highlights breaking news regarding the announced acquisition of European based LLM AI tech provider Garvis by Logility. Today there are two breaking news developments regarding supply chain management technology providers. In our prior posting, we highlighted reports that Dave Clark, former senior business executive at Amazon , has suddenly resigned as CEO of Flexport after taking the reins of the digital start-up in March.

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What are the Technical Aspects that Transform Personal Finance Management?

IT Supply Chain

By Dwight J. Lawrence (pictured) Content Writer The post What are the Technical Aspects that Transform Personal Finance Management? appeared first on IT Supply Chain.

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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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Breaking- Dave Clark Announces Departure From Flexport

Supply Chain Matters

Supply Chain Matters This Week in Supply Chain Tech highlights breaking news that Dave Clark has unexpectedly resigned as CEO of digital freight technology services provider Flexport. There are two breaking news developments regarding supply chain management technology providers, one being rather surprising. We begin with yesterday’s sudden and somewhat unexpected news that Dave Clark, the former senior well recognized Amazon worldwide consumer business executive, announced that he is stepping

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Enterra Solutions Transforms Promotion Practices

Enterra Insights

Princeton, NJ – Enterra Solutions , the leader in autonomous value-chain optimization, planning, and decision-making solutions, and The Hershey Company (NYSE: HSY), one of the largest chocolate producers in the world, have announced their partnership under a multi-year Solution-as-a-Service contract. Leveraging the Enterra Autonomous Decision Science (ADS ® ) & Generative AI technology platform, Enterra System of Intelligence will autonomously analyze, optimize, and prescribe recommendations

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Statistics, ML & AI in Demand Planning Software: Are All Created Equal?

Logility

In the realm of demand planning, it is essential to understand the differences between statistical forecasts, machine learning (ML) methods, and artificial intelligence (AI). These terms are often misused, leading to confusion and obscuring the unique differences. This article aims to demystify the terminology by shedding light on the crucial distinctions and highlighting how each approach contributes to the field of demand planning.

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Supply Chain and the Urban Doom Loop

Supply Chain Digest

Could an Unvirtuous Cycle that Started with Remote Working Turn US Cities into Ghost Towns

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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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How Human-Robot Interaction Creates a More Humane Workplace

Amware Logistics and Fulfillment

Whether you view warehouse robots as the Terminator or R2D2 depends on the degree of personal human-robot interaction you’ve had. “Seeing is believing,” says Kait Peterson, Senior Director, Product Marketing at Locus Robotics. You have to touch, feel and see the technology to understand how it improves work environments. Once people do, she says they’re all in on robots, naming them and thinking of them as their autonomous friends around the warehouse.

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Supply Chain Graphic of the Week on a Look at US Truck Freight Volumes since before the Pandemic

Supply Chain Digest

Truck Tonnnage still below 2019 Levels, ATA says

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Three Organizations Agree to Build Hydrogen-Powered Tourism Ship

Supply Chain Brain

The 40-seat vessel, which is outfitted with a 350-kilowatt hydrogen fuel cell, qualifies as a research, development and demonstration (RD&D) project under South Korea’s national hydrogen strategy.

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Happening Now: Contract Talks Begin at East Coast Ports

West Coast and California Logistics

The current contract for dockworkers at East Coast and Gulf Coast ports is set to expire over a year from now, in late September 2024. According to The Wall Street Journal , unions representing workers at ports from Maine to Texas have already begun contract talks with the ports in hopes of coming to an agreement well ahead of that expiration date.

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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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Maintaining Warehouse Equipment During Peak-Season Demand

Supply Chain Brain

This year, among the most challenging curveballs that warehouses will face is getting the equipment they need when they need it.

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60 Seconds with Mike Field, President and CEO of Raymond’s University Research Program

Supply Chain 24/7

Modern's editors sat down with Mike Field to discuss to discuss Raymond’s University Research Program

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Mid-Sized Businesses More Optimistic Than Small and Large-Sized Companies

Supply Chain Brain

Dun & Bradstreet found that midsized businesses are slightly more optimistic than small and large-sized companies and that global demand is expected to weaken.

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60 Seconds with Mike Field, President and CEO of Raymond’s University Research Program

Supply Chain 24/7

Modern's editors sat down with Mike Field to discuss to discuss Raymond’s University Research Program

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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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Boeing Warns 737 Deliveries to Be at Low End of 2023 Target

Supply Chain Brain

Narrowbody handovers will be near the bottom of Boeing’s goal of shipping 400 to 450 of the popular 737 jets this year, said chief financial officer Brian West.

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The Robot-Powered Warehouse: Upskill Associates for Improved Retention

Locus Robotics

By Mary Hart Warehouse employment is projected to grow 5% over the next decade according to the Bureau of Labor Statistics. With over 1 million job openings expected annually, warehouse managers need strategies to attract and retain talent in this competitive hiring environment. The rise of warehouse robots and automation may seem threatening to facilities and associates that aren’t used to technology, but they’re not a threat.

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Neptune Lines Orders Two Car Carriers from Fujian Mawei

Supply Chain Brain

The 4,200 car equivalent unit (CEU) dead freight pure car and truck carriers (PCTC) will be delivered by Fujian Mawei Shipbuilding by 2026.

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