August, 2021

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“Transitory” Inflation and Supply Chain Disruption

Logistics Viewpoints

The phrases “transitory inflation” and “supply chain disruption” have been frequently used in the general and business news media this summer. And they have at times been used together to describe the general economic environment. Certainly, supply chain constraints are a partial cause of the current above trend inflation. Furthermore, there is much discussion about the word “transitory,” as used by Federal Reserve Chairman Jerome Powell to describe what he believes is like a short-term phase of

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Here’s How to Measure Inventory Health

ToolsGroup

Looking for a relatively quick way to measure inventory health? “It all starts with a demand-driven approach,” says Gerrott Faulkingham, director of solution engineering at ToolsGroup. “Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” As a reminder, the key to measuring inventory health is to assess inventory holdings relative to expected future customer demand according to service level (pr

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5 Things to Look for When Vetting Logistics Transportation Services

GlobalTranz

As logistics continues to grow more lucrative to the customer experience, 3PLs are playing an increasing role in the supply chain. Vetting 3PLs and transportation management services providers is a complex topic and shippers may not know where to begin. Even more complex, some 3PLs may offer different degrees of service, such as a 4PL model that blends a shipper’s existing network and fleets with a 3PL’s technology and solution, as discussed in this third-party versus fourth-party value articl

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Getting Started with Scenario Modeling in Supply Chain Network Design

AIMMS

The post Getting Started with Scenario Modeling in Supply Chain Network Design appeared first on AIMMS.

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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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An Approach to Setting Forecast Accuracy Targets

Arkieva

Learn the best approach to setting forecast accuracy targets and how to set expectations for your management team. An Approach to Setting Forecast Accuracy Targets was first posted on August 25, 2021 at 8:38 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement.

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The Greenest Mile: Planning’s Role in Supply Chain Sustainability

Logistics Viewpoints

Supply chain sustainability is a higher priority than ever. In MIT’s State of Supply Chain Sustainability 2021 , 80% of executives surveyed said the pandemic either had no impact on their commitment or increased it. PwC reports that almost half of assets under management are held by investment firms committed to decarbonization. Investor concern about material risks from climate change have created new reporting frameworks, such as those by the Sustainability Accounting Standards Board (SASB) an

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One Stuck Box of Fertilizer Shows the Global Supply Chain Crisis

Supply Chain Brain

Somewhere in the world’s busiest port of Shanghai, a container of fertilizer sits among tens of thousands of boxes, waiting for a ride to the U.S. It’s been on the dock for months, trapped by typhoons and Covid outbreaks that have worsened major congestion in the global supply-chain network.

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What is Supply Chain Control Tower? Its Benefits & Features

SCMDOJO

Supply chains today can vary from simple to highly complex global networks. The use of several third-party logistics providers often weakens supply chain visibility and can make it difficult to track orders as they move through the system. This approach leaves businesses struggling to gather the needed data to resolve exceptions, implement corrective actions, and.

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3 Best Practices for Supply Chain Network Design

AIMMS

The post 3 Best Practices for Supply Chain Network Design appeared first on AIMMS.

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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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How Forecastable is Your Data?

Arkieva

Having access to an accurate forecast is very beneficial for businesses. If used correctly, it can provide better margins, increase market shares, and many other positive results. At a more tactical level, it can help reduce the costs associated with meeting the customer demand and make the supply chain more efficient. How Forecastable is Your Data?

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Supply Chain Challenges on the Electronics and Manufacturing Industry

Supply Chain Brief Submitted Articles

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Transportation Strategies for Continued Success

Logistics Viewpoints

When it comes to managing your freight spend, there are a few options to consider. The three traditional methods are the use of a transportation management system (TMS), transportation execution system (TES), and managed transportation services (MTS). Ultimately it comes down to whether shippers want to manage their freight spend in-house or outsource it.

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The World Economy’s Supply Chain Problem Keeps Getting Worse

Supply Chain Brain

A supply chain crunch that was meant to be temporary now looks like it will last well into next year as the surging delta variant upends factory production in Asia and disrupts shipping, posing more shocks to the world economy.

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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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Understanding the Global Chip Shortage & How Supply Chain Leaders Are Addressing Disruptions Today

SCMDOJO

New cars are hard to come by in 2021, and so are stoves and refrigerators. The reason? A global shortage of computer chips. From computers to cars, to gaming systems and appliances, multiple types of products include semiconductor chips – which have been in short supply since the start of the COVID-19 pandemic. Continue reading. The post Understanding the Global Chip Shortage & How Supply Chain Leaders Are Addressing Disruptions Today appeared first on SCMDOJO.

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How Artificial Intelligence (AI) Can Assist Accountancy Teams With Invoicing & Processes

IT Supply Chain

By Emily Henry (pictured). Finance Writer. The post How Artificial Intelligence (AI) Can Assist Accountancy Teams With Invoicing & Processes appeared first on IT Supply Chain.

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Data Science Tools of the Trade: Rolling Rounding to Handle Those Pesky Decimals

Arkieva

In many areas of supply chain management, analytic methods generate estimates with “pesky decimals”. The traditional method to eliminate the decimals is rounding. In this blog, we demonstrate the importance of this method and how to calculate these improved integer estimates. Data Science Tools of the Trade: Rolling Rounding to Handle Those Pesky Decimals was first posted on August 10, 2021 at 1:55 pm. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-c

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Supply Chain at a Crossroads – Back to the Shadows or into the Spotlight?

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Putting a Shine on Supply Chain’s Image! Supply Chain has historically been considered a back office function, necessary but lacking in prestige and strategic value. The Coronavirus pandemic created a dramatic and highly visible disruption in that paradigm. Suddenly Supply Chain and its importance was on the minds of political and business leaders, and the common person, everywhere around the world.

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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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Effective Supplier Collaboration Is Critical

Logistics Viewpoints

Networks Have Fistinct Advantages. McKinsey, the global consulting firm, has done research and writing on supply chain collaboration. In some industries, suppliers account for over 80 percent of the value of the products that are produced. In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers.

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'Phygital' Fitness: Melding Physical and Digital to Improve Supply Chain Outcomes

Supply Chain Brain

There's a growing expectation among customers across the industrial landscape that their suppliers deliver a smoother and more reliable “phygital” experience.

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Supply Chain Agility: 6 Strategies to Improve Agility

ShipBob

Agility: the ability to move quickly and easily. When you think of what it means to be agile, you might think of an Olympian athlete competing for the gold. But in the ecommerce supply chain context, agility relates to how quickly an ecommerce business can adjust to ever-changing expectations in speed and delivery. An agile supply chain must also be able to react quickly to changes, delays, and unexpected events to maintain customer expectations, stay competitive, and grow their business.

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Expert comment on Lazio’s possible supply chain attack on vaccine portal

IT Supply Chain

By Justin Vaughan-Brown (pictured). VP Product Marketing, Deep Instinct. The post Expert comment on Lazio’s possible supply chain attack on vaccine portal appeared first on IT Supply Chain.

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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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Two Penny Model and COVID-19 Breakthrough Cases – Avoiding Data Driven Disaster

Arkieva

Learn how a simple binomial model can help anticipate the future including COVID-19 breakthrough cases just as models help a firm estimate it's future. Two Penny Model and COVID-19 Breakthrough Cases – Avoiding Data Driven Disaster was first posted on August 2, 2021 at 11:19 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

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7 Technologies to Optimize Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Stand Out Digital Supply Chain Strategies! Technologies to optimize Supply Chain article and permission to publish here provided by Arra at No-BS Marketplace. Advanced technology is believed to be the springboard on which you can make your business successful and competitive. Leveraging relevant technology in the supply chain from the moment your suppliers bring in raw materials, during storage of the materials and manufactur

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A Multibillion-Dollar Supply Chain Market Growing at a Double Digit Rate that Nobody Knows About

Logistics Viewpoints

SCCN is a Network Solution. There is a multibillion-dollar supply chain software market that grew at double digit rates during the pandemic, and will continue to grow fast, that very few supply chain executives have heard of. How can this be? What is this Market? The solution is called a supply chain collaboration network (SCCN). Gartner calls this solution a Multi-enterprise Supply Chain Business Network.

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Watch: Is Blockchain the Key to Achieving Supply Chain Transparency?

Supply Chain Brain

Paul Brody, blockchain leader with EY, describes the remarkable progress that blockchain technology has already made in the area of supply chain management, and how it must further evolve to reach its full potential.

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What Makes a Warehouse Worker Happy?

The 2024 Newcastle Systems Worker Satisfaction Survey provides insights into the life of a warehouse worker and what matters to them.

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Dependable Financial Projections Hinge on Accurate Models of Supply Chain

Adexa

Dependable Financial Projections Hinge on Accurate Models of Supply Chain. Every plan, at high level or execution level, needs to be accurate enough to project true financial implications. Whether you are doing network design, inventory optimization, S&OP or even S&OE, Adexa solutions enable financial projections at greatest level of accuracy.

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How to align sales & marketing teams to best drive revenue

IT Supply Chain

By Ian Cullen (pictured). President of Leadiro by Demand Science. The post How to align sales & marketing teams to best drive revenue appeared first on IT Supply Chain.

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Relationship Between Forecast Accuracy and Safety Stocks

Arkieva

A company’s total inventory is built up of many different parts such as strategic stock, anticipation stock, safety stock, cycle stock, unplanned stock. The cycle stock is the one most connected to the demand forecast; it is expected to be sold as the forecast becomes real demand. Safety stock on the other hand is extra stock to deal with the variability of the demand or supply.