January, 2018

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Five Ways to Fix Statistics in Supply Chain Research

SCM Research

The p value debate has revealed that hypothesis testing is in crisis – also in our discipline! But what should we do now? Nature recently asked influential statisticians to recommend one change to improve science. Here are five answers: (1) Adjust for human cognition : Data analysis is not purely computational – it is a human behavior. So, we need to prevent cognitive mistakes. (2) Abandon statistical significance : Academia seems to like “statistical significance”, but P value thresholds

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How to Prepare the Next Generation of Manufacturers

GlobalTranz

The manufacturing industry has always been a hotbed for innovation and advancement — but it relies heavily on the workers who have the skills and training to fill those jobs. Experts have predicted more than 2 million manufacturing jobs will go unoccupied during the next 10 years, as the baby boomer generation starts to retire. How can we help to prepare the industry for the next generation of manufacturers?

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Prices Set To Ramp Up For Chinese New Year: Freight Rate Update W2

Freightos

Prices Set To Ramp Up For Chinese New Year: Freight Rate Update Wk 2. By John Edmonds, Research & Marketing, Freightos. Weekly update article on the Freightos International Freight Index exploring rate trends and their driving forces. 2018 started with China-US ocean freight prices increasing by 27% as supply chains came back into full swing. Following brief dips last week, ocean and air freight prices will likely rise in the run-up to the Chinese New Year closedown.

Freight 221
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Why you don’t need perfect data to start implementing S&OP

AIMMS

An interview with Boon Edam’s Aron Waas. Implementing Sales and Operations Planning has many benefits. To truly leverage it to improve business performance and predictability, you need to embark on a change management process and you need the right technology to self-enable your team. Often, teams think they also need plenty of clean and accurate data to do it right.

S&OP 240
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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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Bright and Shiny Objects?

Supply Chain Shaman

This month, I traveled the globe helping companies understand the potential impact of technology innovation on the future of supply chain processes, I find the term “digital innovation” is a bit like tulip mania. How so? It is a fad sweeping across supply chain leadership teams. I am trying to help teams manage the hype and drive value. CIOs are rebranding as Digital Innovation Officers, and consultants are knocking down doors to sell digital innovation projects.

More Trending

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Trade promotion forecasting: the present and the near future

ToolsGroup

Trade promotion forecasting is difficult: getting it right involves factoring in many variables. Marketing people, who are often responsible for it, may excel at creating and running promotions. Forecasting demand data, not so much. This can leave supply chain professionals the tough job planning for, and responding to, promotions. To do this, the first hurdle is creating a good statistical baseline forecast.

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These are the 2018 Manufacturing Trends That will Drive 2.1% Growth In American Manufacturing

GlobalTranz

Manufacturing is on the cusp of an explosion in growth and innovation in 2018. Regulatory reform has been top-of-mind for supply chain executives and political leaders in the US since the 2016 election. The US energy industry is also awaiting changes in basic operating procedures, which are expected to dramatically reduce energy costs. These facts set the stage for exponential manufacturing growth in 2018.

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8 steps for a successful business case for your supply chain investments

Kinaxis

by Dr. Madhav Durbha Over the years I’ve had the opportunity to engage in or witness the process organizations go through to prepare business cases in support of supply chain investments, from the successfully crafted and executed, to those that fail to gain traction. Based on that experience, I wanted to share my eight most important pieces of advice for those being asked to prepare a business case for their supply chain investments.

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3 things supply chain leaders can do to leverage talent for the digital supply chain

AIMMS

AIMMS has been active in the supply chain space for over 28 years. We’ve seen the evolution of the industry and its ongoing transformation , and have embarked on a transformation ourselves. The skills of the past are no longer sufficient to meet the demands of today’s complex, fast- moving digital environment , or prepare for the future.

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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 Digital Freight Ecosystem Part 2: What’s Bringing Freight Online

Freightos

The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. By Zvi Schreiber, CEO, Freightos. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . However, despite formidable challenges, the logistics industry has been anything but stagnant.

Freight 140
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It’s the season for smarter express logistics

DELMIA Quintiq

If you’re back from your year-end holiday, welcome back! If you couldn’t take a break, you’re probably working in express logistics. Year-end is the busiest time for retailers and express logistics service providers as bargain-hunters snap up coveted items on Black Friday, Cyber Monday and Boxing Day. In China, Singles Day (November 11) brings out online shoppers in full force.

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Analysts Support a Single Model for Sales and Operations Planning

ToolsGroup

A new report from Nucleus Research, Value Drivers of Single Model S&OP , concludes that the historical disconnect between planning and execution in S&OP is best bridged by a single unified data model that allows companies to continuously synchronize their strategic, tactical and execution plans. In addition, “supply chain modeling” has become the highest priority in Gartner’s Market Ranking of S&OP Capabilities , displacing “collaboration support with internal stakeholders”.

Modeling 179
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The Future is Now: Why these 5 Advanced Manufacturing Technologies Trends will Dominate 2018

GlobalTranz

Over the next two years, manufacturers are set to invest more than $250 billion in the Industrial Internet of Things (IIoT), and the use of technology to improve manufacturing will only increase. It is almost impossible to define the exact amount manufacturers will invest in technologies over the coming year, but they are moving toward more sustainable, cost-effective practices.

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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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Finance and supply chain operations: Can IBP bridge the gap?

Kinaxis

by Alexa Cheater It’s no secret these two groups don’t always see eye-to-eye. Finance and supply chain operations—both have a huge impact on your company’s bottom line, but oftentimes there’s conflict between these two organizations, especially when it comes to the numbers. Disparate data, siloed processes and discrepancies between the operational forecast and the corporate budget are all contributing factors.

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3 things supply chain leaders can do to leverage talent for the digital supply chain

AIMMS

AIMMS has been active in the supply chain space for over 28 years. We’ve seen the evolution of the industry and its ongoing transformation , and have embarked on a transformation ourselves. The skills of the past are no longer sufficient to meet the demands of today’s complex, fast- moving digital environment , or prepare for the future.

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Is Walmart’s OTIF Mandate Good News After All?

CHAINalytics

| By Pieter Bauwens | Principal, Europe | Chainalytics | How the new policy presents an opportunity for more fact-based decisions when interacting with retailers. Walmart signaled their new On-Time-In-Full (OTIF) policy in 2016, communicated its details in July 2017, and now requires full truckload (FTL) suppliers to comply with the policy 95% of the … The post Is Walmart’s OTIF Mandate Good News After All?

Policies 121
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Takeaways from SMC3 Jump Start 2018 Conference

Talking Logistics

The 2018 supply chain conference season kicked off for me last week. I gave a keynote presentation on emerging technologies (drones, driverless trucks, 3D printing, blockchain, etc.) at the SMC3 Jump Start 2018 conference in Atlanta, GA. Unlike most industry conferences, which are crammed like sardines into the month of May, this one is always in January and it spotlights the trends and topics that are top of mind for supply chain and logistics executives heading into the new year.

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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 you should modernize your spare parts planning

ToolsGroup

There’s untapped cash and profits in your spare parts business. Aftermarket parts is a big net margin producer for many manufacturers, and yet service levels and inventory in these operations are often woefully sub-optimized (See CapGemini statics above). A recent in depth study from McKinsey analyzed 30 industries and found that average earnings-before-interest-and-taxes (EBIT) margin for aftermarket services is 25 percent, compared to 10 percent for new equipment. (“ Industrial aftermarket ser

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Three Key Trends In Logistics E-Commerce

GlobalTranz

With the increase in the popularity of e-shops and delivery companies, the logistics e-commerce business keeps growing. It faces more and more challenges, as the customers need companies to be quick and increase their logistics performance more than ever before. What does it mean for your business? This fact explains why understanding and following the key trends in logistics e-commerce are crucial for organizations that want to save their place in the supply chain and get better results with le

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Your FMCG Supply Chain in 2018: 5 Problematic Predictions

Enchange Supply Chain Consultancy

Chris Rea has finally found the correct turn off, a lot of people in Africa still don’t know its Christmas and the novelty Santa toilet seat cover is back in the box. Oh, and chocolate Easter eggs are in the shops 4 months in advance. Christmas and the New Year holidays are well and truly over, and the clock is already ticking down on the month of January.

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Why you don’t need perfect data to start implementing S&OP

AIMMS

An interview with Boon Edam’s Aron Waas. Implementing Sales and Operations Planning has many benefits. To truly leverage it to improve business performance and predictability, you need to embark on a change management process and you need the right technology to self-enable your team. Often, teams think they also need plenty of clean and accurate data to do it right.

S&OP 156
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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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Are Inefficient Practices Affecting Your Supply Chain?

CHAINalytics

| By Jacqueline Quirk | Consultant, Supply Chain Operations | Chainalytics | Accelerated growth and expansion of your portfolio are often considered factors of success for your business. Yet, this success is not exempt from growing pains, especially as it pertains to your warehousing and product distribution.

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How Disruptive is Global E-Commerce? More Than You Think

Talking Logistics

It only takes a simple example to remind you how e-commerce continues to evolve and the potential it has to disrupt traditional markets, supply chains and even governments. Let me tell you how international e-commerce is changing one buying pattern and why it will reshape global logistics operations and government import regulations. The moral to the story is that significant e-commerce change doesn’t always start with a big bang, but failure to see change coming can leave many companies at a co

Global 127
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Forecasting the Long Tail and Intermittent Demand

ToolsGroup

Forecasting demand in the long tail is much different than in the head. Items with intermittent, unpredictable demand are a growing part of business. You don’t have to be an internet retailer like Amazon to see it. Companies are dealing with more slow moving items with unpredictable demand patterns, which is making demand forecasting and inventory management more difficult.

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Lost Warehouse Inventory? What to Do and When to Write It Off

GlobalTranz

No one wants to think about lost warehouse inventory, and it can be organizationally frustrating to determine the best process to find, research, and rectify inventory discrepancies. One of the primary reasons a company implements a warehouse management system (WMS) is to know the exact location of their inventory; if the inventory is not there, one might think it is easy to just write that inventory off the books.

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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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FMCG Supply Chain dates to remember: Advanced Planning

Enchange Supply Chain Consultancy

February is here but blink and you will miss it as it is not a leap year. You cannot change January performance and February should be quite firm by now, so you need to be looking further ahead in your S&OP. Much further ahead.

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Is it Time for Businesses to Rethink Path to Customer Satisfaction?

Logistics Viewpoints

Books have been written, tools like Six Sigma have been embraced, and most people seem to agree that companies retain customers by providing good service and poor customer service results in lost business. Further, the cost of acquiring new customers is much higher than maintaining positive relationships with existing customers. Data consistently supports these theories.

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Supply Chain Transparency: Blockchain to the Rescue?

All Things Supply Chain

As pointed out by Chloe Cooke in her 2017 wrap-up post on this platform in December, it has been a while since we addressed the topic of supply chain transparency.