Mon.May 06, 2024

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Navigating Demand Streams

Supply Chain Shaman

Over the past two years, I taught over 600 students the principles of outside-in processes. I also taught five technology companies. Some attendees express interest and then state, “Interesting Lora, but no one is asking for this functionality.” I bite my tongue wanting to reply, “Did anyone ask Henry Ford to build a car? Or the Wright Brothers to fly at Kitty Hawk?

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Is China’s Role in Your Supply Chain Increasing or Decreasing?

Talking Logistics

As reported by Paul Wiseman on February 7th, “For the first time in more than two decades, Mexico [in 2023] surpassed China as the leading source of goods imported by the United States.” This news prompted us to ask members of our Indago supply chain research community — who are all supply chain and logistics. Read more The post Is China’s Role in Your Supply Chain Increasing or Decreasing?

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One-Number Plans are Bad Plans

Logistics Viewpoints

Matt Hoffman, Vice President of Product and Industry Solutions, at John Galt Solutions One-number plans are bad plans. A one-number forecast, for example, looks across the range of demand that might emerge in a period and decides to create a forecast that is mid-way between the most and the least demand that is apt to emerge. A probabilistic approach to planning would be better, but our supply chain tools have not supported this approach well.

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Triple Bottom Line Logistics with Tom Raftery

The Logistics of Logistics

Tom Raftery and Joe Lynch discuss triple bottom line logistics. Tom is an entrepreneur, sustainability expert, technology executive and all-around thought leader. Tom advises logistics and supply chain companies on technology, sustainability, and communications Summary: Triple Bottom Line Logistics Tom Raftery , a sustainability expert, discusses the importance of triple bottom line logistics in the supply chain industry.

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4 Ways To Drive Supply Chain Excellence in the Food Industry

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.

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ToolsGroup Reimagines Supply Chain Decisions: Launching Decision Hub and Real-Time Decision-Centric Planning

ToolsGroup

Boston , MA – May 6 , 2024 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the global launch of Decision Hub , an innovative solution enabling decision-centric planning through zero-latency decision alignment. As a pioneer in solutions that enable supply chain executives to navigate uncertainty, ToolsGroup has long been on the cutting edge , enabling smarter, faster decisions that drive profit.

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Why Cybercriminals Target The Freight Industry

All Things Supply Chain

The transport of goods across the sea and across countries requires an intricate network of data to effectively get items delivered by their due date.

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Dept. of Energy Invests $100M in Retooling Auto Manufacturing for EV Parts

Supply Chain Brain

The funds include $50 million for small- and medium-sized companies to retool existing facilities into making parts for the EV supply chain.

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Highlights From LogiMed USA 2024

BlueYonder

Blue Yonder recently attended the LogiMed USA 2024 conference in beautiful Palm Springs, California. The event brought companies from across the medical device and diagnostics supply chain together. Attendees included medical device and diagnostics manufacturers, hospital systems, raw material suppliers, software providers, and logistics service providers (LSPs).

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Protecting Against an Impending Supply Chain Breach of Contract

Supply Chain Brain

Sometimes a breach of contract by a supplier is completely unexpected, but other times you might see it coming weeks or months in advance, and be left wondering about your options.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Key takeaways from ISM World 2024

Resilinc

Held April 29-May 1 at the MGM Grand in Las Vegas, ISM World 2024, provided education and networking opportunities for over 2,000 professionals in procurement and supply chain with a focus on the reimagination of future supply chains, including the development of emerging supply chain leaders. Our team that was on the ground in Las Vegas had the opportunity to discuss the future of supply chain risk management with fellow industry peers and attendees, and receive feedback regarding our best-in-b

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Russia Sanctions Hit Boeing Supply Chain

Supply Chain Brain

Boeing has warned that it won’t deliver as many Dreamliner jets as anticipated in 2024.

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Exiger Launches Proactive Intelligence, Led by Fortune 500 Intelligence and Supply Chain Executive Mary Luciano

Exiger Perspectives

Supply chain AI leader introduces new proactive capability, empowering organizations to cut through noise and outpace disruption WASHINGTON, DC. May 6, 2024 – Exiger, the market-leading supply chain and third-party risk AI company, today launched a new Proactive Intelligence capability to empower major corporations and governments with advanced predictive risk analytics, complete and accurate supplier data, and insights into supply chain crises – from natural disasters to infrastructure fai

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The Origins and Growth of Supply Chain Management – and the Need for a Common Lexicon

NC State SCRC

The term “supply chain management” quickly exploded into the public lexicon during COVID, at which time people would often heard saying “blame it on the supply chain”! For the first time in my 35 year career, I was also inundated with calls from the media wanting to know what was going on with our supply chains. Indeed, supply chains were effectively shut down during COVID, and I was closely involved with several federal efforts to obtain critical materials like PPE, drug

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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

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The Growing Need for Security in the Digital World

IT Supply Chain

By Rob Jackson (pictured) Content Writer The post The Growing Need for Security in the Digital World appeared first on IT Supply Chain.

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How Autonomous Vehicles Will Transform Last-Mile Delivery

The Network Effect

The post How Autonomous Vehicles Will Transform Last-Mile Delivery appeared first on The Network Effect.

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The Methods of Forecasting

The Smart Software

Demand planning and statistical forecasting software play a pivotal role in effective business management by incorporating features that significantly enhance forecasting accuracy. One key aspect involves the utilization of smoothing-based or extrapolative models, enabling businesses to quickly make predictions based solely on historical data. This foundation rooted in past performance is crucial for understanding trends and patterns, especially in variables like sales or product demand.

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How to Visit a Factory

Demand Driven Technologies

Factories prioritize value creation – the flow analysis from a factory determines the company’s ability to respond to its markets. When you visit a factory, beyond the state-of-the-art machines, the impressive technologies, and the exemplary 5S (or not), try to understand how these flows are connected to the needs of the company and its customers.

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How to Master Product Portfolio Management

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.

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The Objectives in Forecasting Copy

The Smart Software

A forecast is a prediction about the value of a time series variable at some time in the future. For instance, one might want to estimate next month’s sales or demand for a product item. A time series is a sequence of numbers recorded at equally spaced time intervals; for example, unit sales recorded every month. The objectives you pursue when you forecast depend on the nature of your job and your business.

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Understanding Invoice Tracking & Choosing the Right Software

Precoro

According to research from Ivalua , suppliers often face late payments; as a result, they report having to extend or open lines of credit otherwise not needed (41%), delay delivery of products or services (34%), and increase prices or reduce discounts (33%). This arrangement is disadvantageous for both suppliers and businesses that are their customers.

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How to Accelerate AI-Driven Decision Intelligence with Smart Data Fabric

Supply Chain Brain

Join the upcoming webinar to learn how a smart data fabric can be used to unify data across disparate sources and accelerate AI-driven decision intelligence.

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Customer-Centric Field Services: Using Technology to Exceed Expectations

TrackVia

In today’s competitive landscape, delivering exceptional customer service is more critical than ever for field services management organizations. A satisfied customer is not only more likely to remain loyal but also to recommend your services to others. As customer expectations continue to rise, technology plays an increasingly crucial role in enabling field service companies to meet and exceed those expectations at every stage of the service journey.

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The Ultimate Guide to Transportation and Load Building Optimization

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.

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How Effective Revenue Management Can Reduce Carbon Emissions

Supply Chain Brain

The U.S. Securities and Exchange Commission’s new climate disclosure rules underscore the mounting pressure on businesses to prioritize environmental sustainability.

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The Vital Role of Integration in Spend Management Solutions

ProcurePort

Integration serves as the cornerstone of effective spend management solutions, facilitating seamless connectivity across disparate systems and data sources. By enabling enhanced visibility and automation, integration empowers organizations to optimize spending, strengthen compliance, and drive strategic decision-making. The Role of Integration in Spend Management In today’s dynamic business landscape, organizations face increasing pressure to optimize […] The post The Vital Role of I

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Survey: Brands Balancing Cost of Fast Delivery With High Demand

Supply Chain Brain

Nearly half of consumers surveyed said that they would be unlikely to purchase an item if the delivery time was too slow.

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Alaska Airlines Passengers Claim Boeing Defrauded Federal Regulators

Supply Chain Brain

This stemmed from guarantees Boeing made to regulators in 2015 and 2021 after a pair of enforcement actions related to violations of safety protocols.

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11 KPIs for Measuring Innovation Success

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.

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U.S. Presses Germany on Alleged Union-Busting by Mercedes-Benz

Supply Chain Brain

Officials spoke about allegations that include firing union activists and holding a mandatory meeting where an executive discouraged unionization.

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Watch: Drawing Down the Microchip Inventory Glut

Supply Chain Brain

Todd Burke, president of global business development at electronic components distributor Smith, reviews the conclusions of the company’s 2024 Preview Market Intelligence Report on the semiconductor industry.