Thu.Jan 18, 2024

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6 Ways AI Empowers End-to-End Decision Automation in Supply Chain

Logistics Viewpoints

As a child, I was mesmerized by beauty pageants, especially Miss World, where women from all around the world strutted in gorgeous fashion. I vividly remember the moments when the top winners declared their lofty goals for humanity: solving world hunger! Since the emergence of AI as the shiny object of our times, we see similar grandiosity: that AI will solve world hunger.

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Trends 2024: Artificial Intelligence

Enterra Insights

Few technologies stir human emotions as much as artificial intelligence (AI). Some people anticipate great things happening thanks to AI, while others feel only deep anxiety about humanity’s future. Regardless of your feelings, 2023 was a breakout year for AI. Anders Billesø Beck , Vice President of innovation and strategy at Universal Robots, explains, “2023 was an exciting year for innovation.

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[Editor’s Pick] Global Trade Trends: A Year in Review and a Look Ahead

Talking Logistics

Note: Today’s post is part of our “Editor’s Pick” series where we highlight posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post by Sandy Bhat from e2open’s blog highlights several key trends in global trade “that will have broader implications for businesses.

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Optionality: The Critical Supply Chain Imperative for 2024

The Network Effect

In a world of perpetual disruption, your organization will need optionality – multiple sourcing for key products, parts and raw materials.

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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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How AI in Supply Chain Brings Value to Your Business

Logility

How AI in Supply Chain Brings Value to Your Business Supply chain leaders are looking to get a firmer grasp on their supply chain planning. And what better way to start than artificial intelligence (AI)? Over the last few buzzword-laden years, we’ve seen many shiny new tools generate excitement – and confusion – around the potential of AI. Technologies are being designed from the ground up to use AI capabilities to improve forecasts and reveal insights faster than any human could.

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The Tech Makeover of Supply Chain Planning

IT Supply Chain

By Claire Lloyd (pictured) Content Writer The post The Tech Makeover of Supply Chain Planning appeared first on IT Supply Chain.

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AI Is Helping Protect Healthcare Supply Chains, Study Shows

Supply Chain Brain

Forty-four percent of healthcare organizations are using AI to improve customer experiences while another 35% use this technology to forecast consumer demands.

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Understanding the World of Sanitary Fittings

IT Supply Chain

By Allen Brown (pictured) Content Writer The post Understanding the World of Sanitary Fittings appeared first on IT Supply Chain.

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What is inventory postponement in the supply chain?

West Coast and California Logistics

We all know that speed is a key part of supply chain efficiency. It may seem counterintuitive that a service with “postponement” in its name could increase speed and efficiency, but it can. We’re talking about inventory postponement and, in this article, we’ll explain what it is, what its benefits are, and how to find a provider that can handle it for your supply chain.

Inventory 101
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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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Embracing Risk-based Thinking: A Practical Guide to Risk Management

QAD

In the dynamic realm of the automotive industry, the importance of risk management has reached new heights, compelling us to revisit and enhance our insights. Our recently updated white paper, titled Leveraging Risk Management Throughout the Automotive Supply Chain , represents an evolution of our work from six years ago when we first delved into risk-based thinking within the automotive sector.

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The squeezed middle: addressing the cybersecurity demands of medium-sized businesses in the UK

IT Supply Chain

By Jacques de La Rivière (pictured) CEO, Gatewatcher The post The squeezed middle: addressing the cybersecurity demands of medium-sized businesses in the UK appeared first on IT Supply Chain.

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U.K. Government Launches New Supply Chain Resilience Strategy

Supply Chain Brain

The strategy was launched by the Minister for Industry and Economic Security, Nusrat Ghani, during a visit to Heathrow Airport in London, the U.K.’s largest import hub.

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Streamlining Success: Unveiling the Power of Order Management Software in Supply Chain Optimization

SCMDOJO

Globalization has sped up business growth and enhanced the need for management tasks. In the supply chain, order management and inventory management play significant roles in rapid growth. Business success requires efficiency and effectiveness in managing an increasing number of orders. It can be problematic and require practical solutions. In this scenario, the Order Management System enters, which is capable of handling all the stress of increasing order volume.

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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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Lean on a Bulk Freight 3PL during Rail Service Disruptions

Bulk Connection

We’re not even through with the first month of the 2023/2024 winter and we’ve already seen snow and rain wreak havoc on the supply chain across the US. It’s not a question of ‘if’ but ‘when’ these storms will lead to rail service disruptions. In this article, we’ll give you important information that will help you meet rail emergencies head on and keep your bulk freight in motion.

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Toptalent.ai

Supply Chain Movement

The labour market is currently in substantial turmoil. On the one hand, there is a persistent shortage of staff, while on the other, companies are having to downsize due to the faltering economy. At the same time, chatbot ChatGPT celebrated its first birthday last month, with 100 million weekly users worldwide as proof of the phenomenal success of the text generating application.

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A Case for a More Decision Centric IBP

Supply Chain Trend

Although Integrated Business Planning (IBP) is designed to make high-impact business decisions, little attention has been given to the quality of decisions in an IBP cycle. In my latest Foresight article, I argue that to continuously learn from and improve IBP decisions, decision processes ought to be integrated with the traditional IBP process and supported by Decision Intelligence technology that goes beyond existing transactional and planning technology.

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Experts Believe Cheap Generic Drugs Are Hurting the U.S. Supply Chain

Supply Chain Brain

Erin Fox, the associate chief pharmacy officer at the University of Utah, claimed that the most recent drug shortages in the U.S. are the “worst” in a decade.

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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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How To Get E-Commerce Returns Back Into Stock Faster

BlueYonder

When it comes to improving e-commerce returns, retailers will often think to change the length of time customers have until they’re no longer allowed to return an item, or begin offering free returns postage. While these are both great drivers of customer loyalty and potentially valuable tools, retailers might be missing other options to improve their e-commerce profitability when it comes to returns.

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An Ultimate Guide To Inbound And Outbound Logistics With AI

ThroughPut

The economic disruption due to the pandemic highlighted pre-existing loopholes in global supply chains. Lack of digital connectivity made it hard to tie together global operations for supply chains, including inbound and outbound logistics. In the wake of Covid-19, supply chain managers are updating their supply chain operations to cater to elevated demand, availability of global vendors, and updated customer data.

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NRF Report of 2023 Holiday Sales- On Target to Forecast

Supply Chain Matters

Supply Chain Matters highlights the latest report indicating both U.S. holiday period and full year retail sales in 2023. The National Retail Federation (NRF), in conjunction with its annual conference held this week, reported 2023 holiday sales based on U.S. Census Bureau data. According to the NRF release , core retail sales during the 2023 holiday season rose 3.8 percent over 2022, to a record high of $964.4 billion.

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5 Ways to Reduce Protein Transit Times by Leveraging Services During Cold Storage Warehousing

Americold

The Americold experts are proud to showcase solutions to measurably streamline your protein supply chain at the upcoming NPFDA Convention & Showcase. Leverage your product’s downtime in storage with Americold’s complete solutions, tailored to your needs, to shorten transit times and reduce total touches.

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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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Supply Chain by the Numbers for January 18, 2024

Supply Chain Digest

Study Says Huge Number of Cities to Shrink. US Manufacturing Flat again in Decemberr. China Export Focus Changes.

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Watch: Tracking Reusable Packaging Containers at Scale

Supply Chain Brain

A case study with Roambee Corp., about how the world's leading reusable packaging container (RPC) supplier managed to track hundreds of millions of units without having to tag each one separately.

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What eCommerce Marketplaces Should You Sell On? We’re reviewing Amazon, eBay, Walmart, Target, and more…

Saleswarp

Although customers may view different online marketplaces similarly, they vastly differ from the perspective of a seller. Each site has its own audience and niche, but even more importantly, its own specific requirements and specifications that retailers must meet to list their products. So, what does this mean for retailers, brands, and suppliers? A good understanding of these platforms is crucial when determining where to sell and how to reach the right customers.

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How Generative AI Will Shape Contracting

Supply Chain Brain

Generative AI (GenAI) has the potential to transform the contracting practices of companies by significantly reducing the contract authoring, review times, and making negotiations of commercial agreements more effective.

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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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A Closer Look at Distribution in Pharmacy and the Hospital Pharmacy Consolidation Trend

Tecsys

Discover the growing trend of centralizing pharmacy services in healthcare systems. Learn about the benefits of a Consolidated Pharmacy Service Center (CPSC) and how it can enhance efficiency, reduce costs, and improve patient safety.

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Deep Freeze Forces U.S. LNG Exporters to Cancel, Delay Cargoes

Supply Chain Brain

The Cameron LNG export plant in Louisiana canceled at least one scheduled shipment while other deliveries from Cameron and Cheniere Energy’s Corpus Christi facility in Texas were also delayed

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How procurement can level up the US economy

Proxima

The US economy has shown itself to be resilient in the face of a global economic downturn, with GDP growing at a faster pace than many economists predicted. As we kick off the new year, the US economy is seeing growth and reduced inflation. As forecasts continue to roll in on the outlook for the US economy, there is cautious optimism that the US is moving towards a soft landing and avoiding the dreaded recession.