March, 2020

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Consignment Inventory Management For Dummies

EMERGE App

Can I Interest You in a Hot Sports Car? Have you ever passed a parking lot of a used car dealer and eyed a dream sports car on sale? Unbeknownst to you, it’s likely that the used car dealer is selling most or all of the cars on consignment. Think about it. There’s no business sense for the dealer to purchase second-hand cars from prospective sellers in order to resell them for a profit (if any!).

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Conditional Probability Made Easy – Heart of Machine Learning

Arkieva

Probabilities are persuasive in supply chains and analytic methods – especially in machine learning where conditional probability is a dominant underlying structure that makes or breaks the success of an application. In this blog, we will learn how to take the mystery out of the term ‘conditional probability’. Conditional Probability Made Easy – Heart of Machine Learning was first posted on March 17, 2020 at 11:40 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is fo

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Robots are Shaping the Future of Warehouse Operations

Kuebix

Artificial intelligence, virtual reality and robotics have all become hot topics when it comes to the future of the supply chain. Advanced robotics are already being utilized in warehouses around the world. As robots continue to prove themselves through real-life applications, this field of technology is on course to solidify its presence in warehousing.

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Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

As I flew to Dallas, I worked on this post. Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

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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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What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

GlobalTranz

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. However, systems used to manage inventory refer to the combination of technology, including hardware and software, for the following: Product identification Product matching to orders Data analysis Product labeling and management Documentation Reporting The use.read More.

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Is Your Supply Chain ‘Ready for Anything’?

ToolsGroup

Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. In an ever-changing global economy with all its unexpected twists and turns, supply chain leaders are looking for a way to be ready for anything the real world throws at them.

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Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals

Talking Logistics

Back in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic. When it’s all said and done, there will be many lessons learned, but the question right now is: How can supply chain and logistics. Read more Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals.

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11 Inventory Management Best Practices

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Supply chain leaders are continuously looking for ways to improve inventory management, and the role of technology in the supply chain offers significant advantages.

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Responding to Supply Chain Disruption Amid COVID-19

AIMMS

Just like you, we’re taking the news day by day and continuously brainstorming ways to serve our community. The COVID-19 pandemic is having a profound impact on our lives, the kind we have not seen in centuries. It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. T he apparel industry, for instance, is bracing for a prolonged period of low activity.

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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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5 Key Steps to Improve Your Distribution Network

GlobalTranz

The strategies of supply chain management are of paramount importance when it comes to boosting the profitability of the business and distribution network. It is highly important that the customers’ demands related to the quality, quantity, timely response and timely delivery without any unnecessary delay are being met in a cost-effective manner. The various steps.read More.

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Planning Food Logistics Efficiently in Times of Disruption

DELMIA Quintiq

Supermarkets are heavily impacted by unexpected peaks in demand and product unavailability from areas that have been affected by the COVID-19 pandemic. This global health crisis has uncovered vulnerabilities in our food supply chains, affecting the capacity of food retailers to ensure its continuity. It is critical for retailers to quickly respond to these sudden changes, but many struggle with this because their planners still rely on spreadsheets and legacy tools to plan their logistics operat

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The Top Five Benefits of Using Machine Learning for Demand Forecasting

Logility

Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results. Ability to ingest and use a broad range of data; a system that is ‘greedy’ for data that yield new insights.

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Start Planning for the Coronavirus Now! 20 Things to Keep in Mind

Logistics Viewpoints

Start making your contingency plans for coronavirus immediately. Here are 20 things to keep in mind. The post Start Planning for the Coronavirus Now! 20 Things to Keep in Mind appeared first on Logistics Viewpoints.

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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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Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

With supply chain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. As COVID-19 continues its malevolent spread around the world, concerns grow regarding the continued impact on supply chains and business continuity. A few months ago, we highlighted a major theme from Gartner’s Supply Chain Planning Summit in our blog: winners change their mindsets–and accelerate through economic turns.

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The Digitization of Customer Order Channels

Talking Logistics

If you’re a supplier, nothing makes you happier than receiving a customer order—and the more orders you get, the better. However, there are many different ways for customers to transmit those orders, from highly automated approaches to manual entry. What challenges does this create for suppliers? How can technology and digital networks streamline and automate.

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Trends in Last-Mile for 2020

GlobalTranz

Take a moment to think about the state of last-mile logistics in the last year. An argument does exist for the continued support of last-mile innovation and a relentless push to build better customer experiences within the final mile. Unfortunately, supply chain professionals can get so wrapped up in the logistics of the final mile,read More. The post Trends in Last-Mile for 2020 appeared first on Transportation Management Company | Cerasis.

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Recognizing Culture at the 2020 Atlanta Supply Chain Awards

Demand Solutions

It's common knowledge that your employees are your greatest asset. If that's true, that means corporate culture is critically important to your bottom line. So then, how are you shaping your company's culture to empower your employees? When trying to answer this question, many people think of company perks like benefits programs, flexible schedules, office lunch parties and open-door policies.

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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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Descriptive, Predictive and Prescriptive Analytics Explained

Logility

Here’s your two-minute guide to understanding and selecting the right descriptive, predictive and prescriptive analytics for use across your supply chain. With the flood of data available to businesses regarding their supply chain these days, companies are turning to analytics solutions to extract meaning from the huge volumes of data to help improve decision making.

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Creating a Resilient Supply Chain

Logistics Viewpoints

Today we recognize that the supply chain is a source of strategic advantage. In our quest to drive scale and reduce costs, we have architected supply chains spanning the globe. However, as these supply chains become increasingly globalized, they are also more vulnerable to disruption. Natural disasters, weather events, business cycles and more recent challenges, such as the threatened tariffs on Mexican goods, the ongoing trade war with China, and the outbreak of the coronavirus, […].

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The Coronavirus and the Supply Chain

The Network Effect

The post The Coronavirus and the Supply Chain appeared first on The Network Effect.

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Editor’s Pick: Data is the New Fuel for Transportation and Logistics

Talking Logistics

Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post by Brian Hodgson from Descartes’ blog discusses how companies can leverage data to strengthen their supply chains, deliver better.

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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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Effective Freight Management 2020: What Do Shipper’s Need to Compete?

GlobalTranz

Effective freight management 2020 initiatives will help supply chains stay relevant and competitive with Amazon and the big box retailers. As the world watches the coronavirus’ epidemic spread, the time for rethinking existing freight management 2020 strategies has arrived. More importantly, shippers must recognize that the use of data could solve this crisis and those.read More.

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COVID-19 uncertainty spurs truckload rate increases

DAT Solutions

COVID-19 is causing the mother of all supply chain disruptions. Two weeks ago, we worried that the gap in imports reduced demand and rates for trucks in seaport markets, but then consumers started emptying store shelves of cleaning supplies and canned goods.

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How Does Demand Sensing Differ from Forecasting for Demand Planning?

Logility

The promise of demand sensing is that we can do a better job of anticipating and planning for short-term changes in demand. For today’s supply chain planner, the art and especially the science of forecasting demand have evolved. True, the past is still the best predictor of the future, but consider how that axiom can and does come to life in the real world.

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Multinationals Need COVID-19 War Rooms

Logistics Viewpoints

Multinationals need war rooms to deal with the trauma being inflected on their supply chains. A key application needed in these war rooms is supply chain design. The post Multinationals Need COVID-19 War Rooms appeared first on Logistics Viewpoints.

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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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Real-Time Supply Chain, GPS and Telematics More Essential Than Ever

The Network Effect

The post Real-Time Supply Chain, GPS and Telematics More Essential Than Ever appeared first on The Network Effect.

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5 Ways Covid-19 Response Shatters Supply Chain Rules

DELMIA Quintiq

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Supply Chain Disruptions: How Stronger Collaboration Will Have a Big Impact on the Future of Warehouse Management

GlobalTranz

From Walmart to Amazon, the positive role of collaboration in warehouse management is undisputed, and collaboration is on track to revolutionize tomorrow’s warehouse management standards. In fact, both Amazon and Walmart leveraged warehouse management and supply chain management strategies to grow two of the world’s largest retailers. Meanwhile, the demand for more products, more space.read More.