Tue.Dec 05, 2023

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How is AI Revolutionizing Supply Chain Risk Management? 

Resilinc

Shahzaib Khan discusses Resilinc’s journey toward AI-driven supply chain excellence From its early inception in the 60s’ to its increasingly available public access, artificial intelligence (AI) has come a long way. As with any technology that innovates throughout the decades, AI has many milestones and historical roots—from its use in some of the first early natural language processing (NLP) programs (circa Daniel Bobrow’s STUDENT NLP) to IBM Watson beating Ken Jennings on Jeopardy in 2011

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Editor’s Choice: A Cybersecurity Planning Framework

Logistics Viewpoints

Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article is from Patrick Byers, DevOps Engineer at Lucas Systems, and looks at cybersecurity planning frameworks. It is important to have a robust incident response plan in place for your distribution operation in the event of a cybersecurity breach.

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An Open Loop Is Critical for Innovative AI

ToolsGroup

How policy prototyping encourages responsible growth I’m proud to officially share with you today that Evo is an Open Loop participating company. What does that mean? Over the final quarter of 2020, Evo was a part of a team of leading AI companies in Europe brought together by Facebook that dedicated itself to developing a data-driven framework to manage AI risk while encouraging innovation and growth.

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Ask the Experts: How Does Innovation Impact the Skills Needed to Excel in Supply Chain?

John Galt

We asked supply chain experts and thought leaders: How does innovation impact the skills needed to thrive in supply chain? Read their thoughts!

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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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PittaRosso: Artificial Intelligence-Driven Pricing and Promotion

ToolsGroup

Evo is proud of our academic collaborations. This is a way we can conduct research with some of the most brilliant scientists and researchers around the world, as well as help prepare future business leaders for today’s increasingly competitive and customer-centric markets. That’s why Evo CEO Fabrizio Fantini jumped at the chance to work with Harvard Business School Professor Ayelet Israeli to write up a case on PittaRosso’s holistic approach to AI-driven pricing and promotional decisions.

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Odette2023: Shaping the Future of Automotive Supply Chains

QAD

Building Sustainable Solutions in Automotive Supply Chains The Odette Conference 2023 , held in Berlin November 20-21, marked a significant milestone in the evolution of automotive supply chain management. Supply Chain Management in the automotive industry is not just a support function; it’s a strategic concern at the executive level. The industry’s shift towards digitalization emphasizes the need for standardization and collaboration to thrive.

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Eight Keys to Vetting Suppliers for Success

Supply Chain Brain

Many smaller manufacturers aren’t equipped with the resources necessary to hire supply chain specialists that solely focus on vetting suppliers.

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AI Predictions For 2024

IT Supply Chain

By Andy Patel (pictured) Senior Researcher at WithSecure The post AI Predictions For 2024 appeared first on IT Supply Chain.

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Maersk Investing $500M in Southeast Asian Supply Chains

Supply Chain Brain

The company said that it hopes the investment can improve regional supply chain resilience, lower trade costs and bolster customer experiences.

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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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The 2024 Managed Transportation Outlook: Building Resilience

NFI

Reading Time: 3 minutes A guest blog by Jeff Kanterman, SVP of Transportation Management, NFI Heading into 2024, the North American transportation environment will be shaped by cautious optimism amidst economic uncertainty. While demand is expected to begin improving midyear from current softness, shippers must maintain a disciplined approach focused on optimizing costs and supply chain networks.

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The Future of Manufacturing: Five Key Trends to Watch Out for in 2024

IT Supply Chain

By Carl Haycock (pictured) UK Operations Director, Domino Printing Sciences The post The Future of Manufacturing: Five Key Trends to Watch Out for in 2024 appeared first on IT Supply Chain.

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What is a Supply Chain Control Tower?

MercuryGate

The concept of a “Supply Chain Control Tower” epitomizes the wave of digital transformation that has swept across the industry, empowering supply chain professionals worldwide. The post What is a Supply Chain Control Tower? appeared first on MercuryGate International.

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Is Your Supply Chain Leaking Cash?

Logistics Bureau

Do you know that your supply chain can leak cash? Yes, it does leak profit! But where are these leaks and how big they are? Thankfully, the leaks are usually easy to stop. Let’s hear from Rob O’Byrne to find out if your supply chain has any leaks.  The post Is Your Supply Chain Leaking Cash? first appeared on Logistics Bureau.

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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 2024 Managed Transportation Outlook: Building Resilience

NFI

Reading Time: 3 minutes A guest blog by Jeff Kanterman, SVP of Transportation Management, NFI Heading into 2024, the North American transportation environment will be shaped by cautious optimism amidst economic uncertainty. While demand is expected to begin improving midyear from current softness, shippers must maintain a disciplined approach focused on optimizing costs and supply chain networks.

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US Food Manufacturing Success: Outsourcing MRO Supply Chain

Synovos

US Food Mfg. Thrives After Outsourcing MRO Supply Chain: 13-year Partnership Generates Millions in Savings Download Case Study The motivations for outsourcing your Maintenance, Repair and Operations (MRO) supply chain can change over time but choose the right provider and you’ll continue to reap the benefits even as your business needs evolve – as this case study of one US food manufacturer demonstrates.

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5 Demand Planning and Forecasting Methods that Accurately Predict Demand

ThroughPut

Keeping up with demand and market trends challenges most supply chain operators. Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments.

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AI in eCommerce: Benefits, Use Cases, and Risks

Unleashed

Artificial intelligence (AI) is changing the game for online businesses. Shoppers can now enjoy more personalised buying journeys, as merchants make it faster and easier to find the products that they’re most likely to purchase. Goods are being produced, procured, and delivered more efficiently with reduced costs. And to put icing on the cake, predicting future product trends and consumer demand has never been easier thanks to new AI tools.

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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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Why Inventory Planning Shouldn’t Rely Exclusively on Simple Rules of Thumb

The Smart Software

For too many companies, a critical piece of data fact-finding ― the measurement of demand uncertainty ― is handled by simple but inaccurate rules of thumb. For example, demand planners will often compute safety stock by a user-defined multiple of the forecast or historical average. Or they may configure their ERP to order more when on hand inventory gets to 2 x the average demand over the lead time for important items and 1.5 x for less important ones.

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US Food Mfg. Thrives After Outsourcing MRO Supply Chain:13-year Partnership Generates Millions in Savings

Synovos

US Food Mfg. Thrives After Outsourcing MRO Supply Chain: 13-year Partnership Generates Millions in Savings The motivations for outsourcing your Maintenance, Repair and Operations (MRO) supply chain can change over time but choose the right provider and you’ll continue to reap the benefits even as your business needs evolve – as this case study of one US food manufacturer demonstrates.

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Founder Bob Ferrari Featured in Upcoming GS1 Podcast

Supply Chain Matters

The Supply Chain Matters blog alerts its readers that Founder and Managing Director Bob Ferrari will be featured as a speaker in an upcoming GSI Next Level Supply Chain Podcast occurring on December 6. The podcast is titled: Realigning Your Supply Chain for Resiliency and Success. In this podcast Bob addresses the overall state of supply chain transformation, the need for added resiliency in supply networks and the hottest topics in supply chain today.

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Why Inventory Planning Shouldn’t Rely Exclusively on Simple Rules of Thumb

The Smart Software

For too many companies, a critical piece of data fact-finding ― the measurement of demand uncertainty ― is handled by simple but inaccurate rules of thumb. For example, demand planners will often compute safety stock by a user-defined multiple of the forecast or historical average. Or they may configure their ERP to order more when on hand inventory gets to 2 x the average demand over the lead time for important items and 1.5 x for less important ones.

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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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The Value of Partnering with a 3PL Provider

American Global Logistics

In today's fast-paced and interconnected world, partnerships have become not only a strategic advantage but a necessity. This is particularly true in the logistics industry, where the uncertainty, volatility, and complexity of global trade require companies to leverage every resource at their disposal to maintain a competitive edge. Partnering with a 3PL is not a new concept, and many of the world's most successful companies have long recognized their value as the freight market continues to evo

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TMS Optimization Reimagined: Meeting the Needs of Today’s Shippers

Talking Logistics

TMS Optimization – A Short History Tier 1 Transportation Management System (TMS) providers love to talk about optimization. Why wouldn’t they? They have spent a great deal of time and treasure in the development of transport planning engines that are capable of solving huge problem sets quickly and to a high degree of optimality. Over. Read more The post TMS Optimization Reimagined: Meeting the Needs of Today’s Shippers appeared first on Talking Logistics with Adrian Gonzalez.

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Protected: Worried about Peak Season? How 3PLs Can Handle Surges and Demand

BR Williams Supply Chain Management

Peak seasons bring a surge in demand that can either make or break many businesses.

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Global Supply Chain News on Chinese Shipping Company Announces Plans for Giant Nuclear Powered Container Ship

Supply Chain Digest

China State Shipbuilding Corporation to Build 24,000 TEU Ship Using New Reactor Technology

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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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Alright, AI. Explain Yourself

Enterra Insights

We’ve all seen films about adolescent boys striking out and doing things their parents didn’t like. When caught in the middle of their misadventures, they were often confronted by their parents who said, “Alright young man, you better explain yourself.” Today’s headlines are filled with concerns about artificial intelligence (AI) systems; especially, when they produce unexpected, and sometimes incorrect, outputs.

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Supply Chain News on Already under Fire for Labor Standards, Injuries, Amazon Now Scrutinized for Hazardous Substance Handling

Supply Chain Digest

You put on this Suit, you put on these Gloves, and then you Clean it Up

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Watch: Prioritizing Trucking Cybersecurity — Before It's Too Late

Supply Chain Brain

Marli Hall, director of communications and member services with the National Motor Freight Traffic Association, explains how the cybersecurity threat to trucking can be addressed before an incident occurs.

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