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Insights from Gartner’s Hype Cycle for SupplyChain Strategy, 2020. Supplychain professionals know it can be extremely challenging to drive day-to-day operational excellence and pursue innovation at the same time. Gartner’s Hype Cycle for SupplyChain Strategy, 2020 offers some guidance. What to prioritize.
Technology can have a significant impact on supplychains, but supplychain digitization still lags behind digitization of other areas of business across many industries. Still, there are several technologies that are transforming supplychains for the organizations that adopt them.
In a recent research project, we found that 2/3 of companies had a digital supplychain transformation strategy; however, those that were evolving their strategy performed better during the early months of the pandemic than those that were “clear” on the project plan for a digital transformation. SupplyChain 4.0.
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article comes from Joan Lim, Senior Manager, Product Marketing at Oracle and looks at the intersection of autonomous supplychains and sustainability.
Prescriptive analytics is a type of advanced analytics that optimizes decision-making by providing a recommended action. Supplychain, with its complex planning questions, is typically an area where optimization technology is required. SupplyChain Network Design. Warehouse optimization.
With the proliferation of technology, digital transformation has taken many industries by storm. Automation and digitization of core business processes have become the norm, not only for business development but also for long-term sustainability of business operations. The logistics sector is also not immune to these changes.
However, supplychain leaders well understand that drug discovery, manufacturing, and distribution are all necessary to deliver the vaccine to a willing arm. Development and distribution, as any supplychain leader knows, are two different topics. As a result, the supplychain, as we knew it is dead.
The virus continues to compromise supplychains and disrupt companies at a troubling rate, but a re businesses prepared from a supplychain planning perspective? . The era of globalization has enabled supplychains to be broader and more connected. First reaction s to the outbreak . questions.
I’ve completed research on supplychain planning (SCP) boutiques. My colleague Clint Reiser has completed a study on warehouse management system (WMS) boutiques. We are teaming up to bring you the coolest supplychain boutiques, listed alphabetically, that we identified through those studies. What is a boutique?
The digital transformation of warehouses – driven by safety, cost and time benefits – is underway across the world. Technologies such as IoT, AI,and drones are augmenting the business value created by adoption of RFID, robots and real-time analytics.
The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Physical change (i.e.,
My last post on the SupplyChain Shaman blog was forty-five days ago. Then it was the redefinition of the supplychain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. As we moved into our new roles, for all supplychains, demand shifted. Time to Know.
In the dynamic landscape of modern supplychains, one of the key challenges is the efficient management of resources to eliminate waste and enhance overall productivity. Packing efficiently is essential for maximizing storage capacity and minimizing waste in the warehouse. With 90% of items shipped in the U.S.
In the rapidly evolving world of global supplychains, interoperability—the ability of systems, devices, and organizations to work together seamlessly—has become a critical factor for operational efficiency. Here’s how each layer translates to the supplychain context: 1.
The COVID-19 pandemic has exposed many risks and uncertainties in supplychain networks. Current Technologies in Use for SupplyChain Network Design . At the time, only a little over 40% of respondents indicated that they used some form of advanced analytics for decision support.
While demand is high, ongoing product shortages continue to cause supplychain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations. If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges.
However, as carbon taxes and emissions reporting requirements continue increasing, supplychain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Sustainability is high on the list of favorite corporate buzzwords.
But what really gets the supplychain and warehouse managers in a sweat are extremely intense sales days or weeks such as the well-known Black Friday or Cyber Monday. Imagine a warehouse operating around the clock, 360 days a year. Logistics software is your ace in the hand, before, during and after the peaks.
In the ever-evolving supplychain industry, transportation spend optimization – or TSO – has assumed greater significance. Globalization has expanded supplychains; the result is increased complexity and transportation costs. As challenges increase, technology continues to evolve to meet demand.
Essentially, digital transformation is the integration of digital technology into all areas of a business. Leading companies take a strategic approach, integrating digital technology throughout their value chains. There are many areas of digital transformation within the supplychain.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The supplychain can handle cost increases more easily than variability. I am worried.
In the world of supplychain and logistics, the built environment comes in many forms, from warehouses and logistics parks to the buildings associated with ports and terminals. The operational technology (OT) world, however, is a different story. The operational technology (OT) world, however, is a different story.
I just completed the data gathering process for ARC’s global Warehouse Management Systems (WMS) market research study. As a result, technologies and capabilities that drive productivity were in high demand. Also of interest was integration with complementary technologies such as warehouseautomation and robotics.
In today’s interconnected global economy, sustainability within supplychains and logistics has become a necessity rather than an option. For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supplychain strategies is essential.
Today, data and software programs can be saved or run in any data processing center in the world. Cloud computing has made installation, administration, and updates significantly easier and has thereby laid the foundation for Software as a Service (SaaS). The question is: can we also operate a warehouse fully autonomously ?
For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on SupplyChain Digital Transformation projects.
How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots. But can technology do more?
“Managing supplychain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supplychain management is a rapidly evolving field.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supplychain resiliency test. Supplychain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.
PREAMBLE: The supplychain and logistics sector is undergoing seismic transformation due to accelerated digitalisation of global trade and commerce. Supplychains are now at the fore of many businesses. Supplychains are now at the fore of many businesses.
The toilet paper shortage was one of the COVID era events that taught people what the term “supplychain management” meant. The changes to the profession of supplychain management are dramatic. Firstly, the term “supplychain management” was not in general use before COVID. This worked.
“When will the impact of the pandemic on the supplychain be over?” The building of the global supplychain over the last seven decades evolved based on three assumptions: Number 1. With availability assumed, the traditional focus of supplychain practices was on negotiating the lowest price.
Let’s just come right out and say it – without the ability to capture, aggregate, and understand your supplychain data, you have gray area within your organization. Yet, the money was spent, and the technology is now in place. How can you make it all work together and build a better supplychain business, fast?
The logistics and supplychain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Renewable Energy for Facilities: Warehouses and distribution centers can integrate solar panels and wind turbines to lower energy costs and carbon footprints.
A SupplyChain Design Solution from Coupa Imagine you’ve just received the job offer of your dreams. If you have been through this process at least once, you already have a good idea of what supplychain design is about: optimization. Do we have a demand forecasting tool in place and, if so, how good is that forecast?
Frederic Laluyaux, the CEO of Aera Technology, agrees with this assessment. In the supplychain arena, the need to make course corrections is exploding. Masson of ARC points out, “Each AI use case requires specific datasets and may necessitate different tools and techniques.” Business cycles are compressing.
I work in supplychain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supplychain failed them, creating an eleven-month saga and unhappy customer. The failure was in supplychain orchestration – connecting planning to execution.
“When will the impact of the pandemic on the supplychain be over?” The building of the global supplychain over the last seven decades evolved based on three assumptions: Number 1. With availability assumed, the traditional focus of supplychain practices was on negotiating the lowest price.
Because warehousing and transportation represent significant cost centers, intelligent logistics decisions are critical. Uberization: Exploring On-Demand Transportation, Labor and Warehousing. But the real financial value of advanced technology resides in its ability to sense real-time demand and monitor supply availability ?
Autonomous supplychains are systems that can operate with little to no human intervention, and they use artificial intelligence, robotics, automation, and sensors to optimize the flow of goods. The key technologies that enable autonomous supplychains are artificial intelligence (AI), robotics, sensors, and blockchain.
Let’s consider these top factors affecting the trucking market, their implications on supplychains and how they are driving change within the industry. . Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? to avoid significant supplychain disruption.
I recently read a thought-provoking report with several predictions about the future of supplychaintechnology. How can it be that so many companies will continue to invest so much in state-of-the art technologies, and yet fewer than one in 20 control tower deployments are expected to deliver on their potential?
Recent supplychain disruptions are forcing organizations to challenge the prevailing wisdom and look for newer approaches to decision making. The simultaneous shocks to demand and supply, and the magnitude of these shocks are not something the world ever experienced.
Breaking Boundaries: Exploring Generative AI’s Impact on SupplyChainsSupplychains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution.
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