Is Technology Ready To Stem The Tide Of Supply Chain Health And Safety Hazards?
All Things Supply Chain
DECEMBER 11, 2023
The US supply chain underwent huge changes as a result of Covid-19 pandemic and it has never fully recovered.
Mon.Dec 11, 2023
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The Coolest Supply Chain Boutique Consultants
Logistics Viewpoints
DECEMBER 11, 2023
I’ve completed research on supply chain 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 supply chain boutiques, listed alphabetically, that we identified through those studies. What is a boutique? A boutique is a small, regionally focused system integration and consulting firm.
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Bringing Together Supply Chain and Logistics Collaboration with Business Networks
Talking Logistics
DECEMBER 11, 2023
As we head into 2024, it’s important to remember (and apply!) the important lessons learned from the past few years, especially those in response to the Covid pandemic. One of the key lessons learned is the importance of creating a resilient supply chain. As the authors of a July 2021 Boston Consulting Group article state, Read more The post Bringing Together Supply Chain and Logistics Collaboration with Business Networks appeared first on Talking Logistics with Adrian Gonzalez.
Manifest 2024 with Pam Simon
The Logistics of Logistics
DECEMBER 11, 2023
Pam Simon and Joe Lynch discuss Manifest 2024. Pam is the EVP and Conference Chair at Manifest: The Future of Supply Chain & Logistics which will be held February 5th – 7th, 2024, at Caesars Forum, Las Vegas. About Pam Simon Pam Simon is a successful entrepreneur and business connector with more than 15 years of experience in event production, content creation, experiential marketing and angel investing.
4 Ways To Drive Supply Chain Excellence in the Food Industry
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The Supplier Relationship Management Playbook is your guide to building effective supplier partnerships that drive supply chain excellence. This playbook equips supply chain professionals with strategies for managing compliance, tracking performance, and fostering collaboration to reduce supply chain risks. Inside, you’ll find: Strategies for Compliance: Best practices to help meet regulatory standards.
ToolsGroup Recognized as a Leader in the SPARK Matrix for Intelligent Retail Pricing & Promotion Optimization by Quadrant Knowledge Solutions
ToolsGroup
DECEMBER 11, 2023
BOSTON and LONDON – December 12, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce to has been named a technology leader in the in the SPARK Matrix™ analysis of Intelligent Retail Pricing and Promotion Optimization (IRP&PO) by Quadrant Knowledge Solutions (QKS). The Quadrant Knowledge Solutions SPARK MatrixTM: Intelligent Retail Pricing & Promotion Optimization (IRP&PO), Q4, 2023 includes a detailed analysis of glo
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5 Data Granularity Mistakes That May Cost You
ToolsGroup
DECEMBER 11, 2023
How closely should you look at your data to maximize returns? In the age of big data, the challenge is no longer accessing enough data; the challenge is figuring out the right data to use. In a past article , I focused on the value of alternative data, which is a vital business asset. Even with the benefits of alternative data, however, the wrong data granularity can undermine the ROI of data-driven management.
How to Embrace AI and Its Role In Channel Businesses
IT Supply Chain
DECEMBER 11, 2023
By Nick Ball, (pictured) IT Director at Agilitas The post How to Embrace AI and Its Role In Channel Businesses appeared first on IT Supply Chain.
Learn The Secret Psychology Of Price
ToolsGroup
DECEMBER 11, 2023
The 5 strategic questions to design optimal price points and promotions Das Narayandas , Professor at Harvard Business School, recently told me: Pricing is the moment of truth 100% of your revenues depend on your pricing, no matter what. By learning about the psychology of pricing, you can leverage this to your advantage, whether on the customer or the supplier side.
Are You Playing the Inventory Guessing Game?
The Smart Software
DECEMBER 11, 2023
Some companies invest in software to help them manage their inventory, whether it’s spare parts or finished goods. But a surprising number of others play the Inventory Guessing Game every day, trusting to an imagined “Golden Gut” or to plain luck to set their inventory control parameters. But what kind of results do you expect with that approach? The post Are You Playing the Inventory Guessing Game?
15 Modern Use Cases for Enterprise Business Intelligence
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Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
How to Avoid the Most Common Pitfall of Markdowns
ToolsGroup
DECEMBER 11, 2023
Why understanding the principles of price elasticity is especially critical post-pandemic This year, many companies have recognized the apparent limitations in the traditional ways we do business. Supply chains collapsed, demand became unpredictable, and enterprises worldwide are struggling. Many companies are reassessing their approaches to supply chain in response to the unpredictable results during the pandemic.
Mastering Data Flow in Your Supply Chain
Supply Chain Brain
DECEMBER 11, 2023
It’s not too late to course-correct your data practices, but you have to take that first step sooner rather than later.
Discover How a Leading Tech Retailer Dropped It’s Inventory Strategy & Embraced AI
BlueYonder
DECEMBER 11, 2023
Inventory control represents a huge challenge for any retailer. In fact, inaccurate inventory is the single biggest cause of poor customer experience, according to a new survey by Blue Yonder. Canada’s largest tech retailer got ahead of these problems. By doing so, it transformed its business. How did the company overcome its inventory issues? By moving away from its longstanding approach and embracing artificial intelligence (AI).
Advanced Analytics and Automation Transform Supply Chains
Global Trade Management
DECEMBER 11, 2023
Introduction Supply chains are the lifeblood of any business, serving as the vital link between suppliers, manufacturers, and end consumers. While they are essential for the smooth operation of a company, supply chains come with inherent risks that, if not managed effectively, can have far-reaching consequences. This newsletter will explore how analytics can revolutionize supply chain management, mitigating risks and enhancing operational efficiency.
Freight Procurement Simplified: Bids from Hours to Minutes
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea
A Deep Dive Into How IoT Tracker Sensors Work and Integrate with Cold Chain Existing Systems
IT Supply Chain
DECEMBER 11, 2023
By Dwight J. Lawrence (pictured) Content Writer The post A Deep Dive Into How IoT Tracker Sensors Work and Integrate with Cold Chain Existing Systems appeared first on IT Supply Chain.
How ERP can make renewable energy companies more efficient
SYSPRO Smarter ERP
DECEMBER 11, 2023
According to the International Energy Agency, renewable energy will account for 47% of the world’s electricity generation by 2030 — up from 30% in 2022. These include manufacturers of wind turbines, equipment used for solar power and hydropower, and components used in geothermal plants. As technology for green power evolves, there are new players entering the market, and some companies will be involved in multiple technologies for renewable energy.
Latest Forecast For Global Trade Not Optimistic
Supply Chain Matters
DECEMBER 11, 2023
Today, the United Nations Conference on Trade and Development (UNCTAD) issued its latest forecast update on overall global trade, and the narrative is not encouraging or optimistic. Global trade is reportedly set to contract by 5 percent in 2023 compared to 2002, amounting to upwards of $30.7 trillion, according to the United Nations trade body. This level represents a contraction of $1.5 trillion (or five percent) compared to a record high level in 2022.
Empowering Supply Chain Management Through Digital Transformation
HICX Solutions
DECEMBER 11, 2023
The vital role of digital transformation in today’s business environment The development of new technologies and widespread digital adoption has led to digital transformation having emerged as one of the most critical factors in the business landscape. An increasing number of organizations recognize that to remain relevant in increasingly competitive markets, digital adoption is no longer just beneficial, but is instead essential for the long-term viability of the business.
How to Master Product Portfolio Management
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Pursuing product portfolio management excellence empowers organizations to unlock the full potential of their offerings. This comprehensive guide unveils 10 essential keys that serve as the building blocks for success.
Our Upcoming Supply Chain Matters Podcast Episode
Supply Chain Matters
DECEMBER 11, 2023
In this update we want to alert our Supply Chain Matters global readership to our latest upcoming podcast episode. Multi-industry supply chain teams continue to focus on the final aspects of supporting and executing Q4 and 2023 business goals. At the same time, teams are turning their attention to plans for the year 2024. In conjunction with our research arm’s 2024 Predictions for Industry and Global Supply Chains Advisory that will publish in January 2024, and to further assist supply chain le
Gartner on the Big Impact of Supply Chain Logistics
Supply Chain Digest
DECEMBER 11, 2023
Understanding Cost Reduction and Cost Optimization Differences.
Types of Procurement Reports: Definition & Benefits
SCMDOJO
DECEMBER 11, 2023
In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process. From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance.
Business Process Automation: Streamlining Efficiency for Modern Enterprises
Elementum
DECEMBER 11, 2023
Business Process Automation: Streamlining Efficiency for Modern Enterprises Business process automation (BPA) is a technology-driven approach aimed at increasing efficiency and reducing costs within an organization. By utilizing software tools and solutions, BPA enables businesses to streamline and automate repetitive, multistep processes that typically involve various applications, systems, and personnel.
The Ultimate Guide to Transportation and Load Building Optimization
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Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.
Yellow Rejects Rescue Bid
Supply Chain Brain
DECEMBER 11, 2023
The trucker's lawyers rejected an attempt to resurrect the company shortly after an auction in bankruptcy court raised nearly $1.9 billion for a swath of terminals around the country.
Navigating the Fast Lanes of the CEP Industry With Logistics Management Software
Loginext
DECEMBER 11, 2023
This White Paper highlights the need for a comprehensive logistics management system in the CEP industry. With the need for visibility and speed at the core of every logistics operation, the CEP industry is undergoing a transformative journey. Let's dive into the challenges and transformations, and explore the role of LogiNext's Logistics Management Software in the CEP industry to improve ROI.
Keys to Designing and Building Automation Projects
Supply Chain Brain
DECEMBER 11, 2023
General contractors must embrace their new role as technology experts to better help clients navigate how and when to best utilize innovations of today.
Maximizing the Advantages of a Purchase Order Approval Process
ProcurePort
DECEMBER 11, 2023
Understanding the Purchase Order Approval Process At its core, a Purchase Order (PO) Approval Process is a structured workflow that organizations follow to authorize and monitor the procurement of goods and services. It typically involves several stages, including the initiation of a purchase request, creation and submission of a purchase order, and final approval from […] The post Maximizing the Advantages of a Purchase Order Approval Process appeared first on ProcurePort Blog.
11 KPIs for Measuring Innovation Success
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Measuring innovation success is critical yet challenging for organizations, often leading to confusion over which KPIs to use. Many rely on inappropriate metrics borrowed from other departments, wasting resources and overlooking valuable opportunities. This guide outlines why innovation metrics are hard to track and offers a framework for creating effective KPIs.
Drayage Business at Technological Crossroads, Software Exec Says
Supply Chain Brain
DECEMBER 11, 2023
People in trucking have been doing the same thing the same way for a long time, so getting them to commit to new technology is a little bit of a challenge.
BIMCO Adopts ETS Carbon Trading Clauses to Meet EU Requirements
Supply Chain Brain
DECEMBER 11, 2023
BIMCO says its new ETS clauses have been developed for use with any applicable emission scheme, including, but not limited to, the EU ETS.
Grounded Dark-Fleet Oil Tanker Gets Cargo Removed Near Indonesia
Supply Chain Brain
DECEMBER 11, 2023
A so-called dark fleet of tankers like the Liberty, which already existed before Russia invaded Ukraine, has ballooned since.
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