September, 2019

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The Next Big Thing in Inventory Optimization and Why You Need It

River Logic

These figures show that efforts at inventory optimization aren't bearing fruit as retailers grapple with the conflicting demands of omni channel retailing and, more recently, the unpredictability posed by trade wars and other global disruptions.

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Benefits and Disadvantages of AI-Powered Supply Chains

GlobalTranz

Artificial Intelligence (AI) is everywhere around us. From simple digital watches to complex urban planning and development, the new form of intelligence is revolutionizing the way people live and the way companies work. Supply chain management is not an exception here because AI is changing it slowly but steadily. The process lasts for a long.read More.

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Supply Chain is not Only About the Money

DynaSys

Commonly, effective supply chains are defined as having the right product, at the right time, at the right place, in the right quantities, and of the right quality. Doubtlessly, the majority of business owners and Supply Chain Managers intend to execute all the factors mentioned above at the lowest possible cost. Having worked in supply chain for fourteen years in different areas from a Global Luxury brand to one of the biggest American IT corporations, I can say that executives seek projects an

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Integrating Customer Portals into End-to-End Supply Chain Processes

Talking Logistics

There have been many ways that companies have attempted to exchange data and information with their trading partners over the years. One more recent method is through online customer portals. While these portals are meant to replace the manual processing of faxes and emails, they create their own integration challenges. What are some of those. Read more Integrating Customer Portals into End-to-End Supply Chain Processes.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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‘Tis the Season to Make Sense of Seasonal Demand with Machine Learning

ToolsGroup

Demand forecasting augmented by machine learning helps you better meet customer expectations with reduced inventory investment . By Alex Achour. Most companies view seasonality as a pattern of demand that has regular and predictable change occurring every calendar year, like beer sales rising in the midsummer months, and cold medicine in the winter.

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Dealing with Unsupported Network Design Software? There’s a Silver Lining

AIMMS

It can be incredibly frustrating when the software you use to run your supply chain will become unsupported. This is happening with many on-premise solutions. Some tools may be acquired by competitors, who then incorporate them in a vastly more expensive package. The dilemma here often is: do I take the path of least resistance and upgrade to my current vendor’s costly new package, or do I risk running my business on a legacy solution a bit longer?

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3 Things you Should Know About Hyperlocal Supply Chains

C3 Solutions

This post was originally posted on The Logistics Broker and was written by Joe Oliaro.

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To Move Forward, We Need to be Clear on What We Are Automating

Supply Chain Shaman

For the past six years, I have spent my labor day weekend preparing for the Supply Chain Insights Global Summit. Next week, I will welcome over 100 participants to the annual event. The event is designed to Imagine Supply Chain 2030. The format of the conference is different than most. There are no vendor booths or paid speaking engagements. I handpick each of the speakers and work with industry leaders to develop content.

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As Baby Boomers Retire, Don’t Let Tribal Knowledge Retire with Them

Enterra Insights

The youngest members of the generation known as Baby Boomers are approaching retirement age. If companies allow Baby Boomers’ years of expertise to walk out the door without capturing it, they are losing a valuable asset. Rebecca Brinkley, Director of Marketing and Communications at the American Gear Manufacturers Association, writes, “As the last of the baby boomers round their way up to 60, companies are slowly realizing that their retiring leadership is leaving gaps in intelligenc

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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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5 Reasons Why 5G Adds Value to Your Supply Chain

Logistics Viewpoints

5G connectivity will shape tomorrow’s fulfillment operations - nullifying latency, extending the cloud's reach, enabling real-time inventory status updates, supporting real-time analytics and more. It will provide at least ten times faster data transfer compared to 4G cellular networks. Event management of in-transit goods offers a great example of 5G’s value.

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Gartner Supply Chain Conference: Trends 2019

The Network Effect

I recently presented at the Gartner Supply Chain Executive Conference in Phoenix Arizona. It was a great conference, and I. The post Gartner Supply Chain Conference: Trends 2019 appeared first on The Network Effect.

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What Technology are Teams Using to Support Their Demand Forecasting Process?

AIMMS

Part II in our series on assessing your Demand Forecasting process . In Part I of this series , we looked at supply chain professionals’ perception of forecast accuracy and how they see their forecast evolving in the future. With supply chain complexity on the rise, can new technologies help to improve forecast accuracy and achieve benefits like an optimized inventory and better customer service?

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ToolsGroup and Optimas to Discuss Supply Chain Planning Digital Transformation at North American Supply Chain Executive Summit 2019

ToolsGroup

Optimas will share how it’s partnering with ToolsGroup to manage supply chain complexity. and demand uncertainty. BOSTON (Sept 5, 2019) – ToolsGroup, a global leader in supply chain planning software, shared details of its participation with Optimas Solutions, a leading global industrial distributor and service provider, in the North American Supply Chain Summit (NASCES19), taking place September 10-11 in Chicago. .

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The 25 Types of Innovation Dominating R&D Today

Innovation varies widely across sectors and organizations, creating value in diverse forms. Understanding different types is crucial for R&D teams to foster creativity and uncover missed opportunities. This guide explores 25 key types of innovation in management frameworks.

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Why Omnichannel Supply Chain Success Depends on Inventory Optimization

GlobalTranz

All businesses want to achieve success, but omnichannel supply chain success requires a comprehensive level of oversight and control in your operation. Omnichannel orders may come from anywhere, so significant risks exist. However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes? Apart from organizations that have recently invested and implemented.read More.

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Agriculture in the City

Enterra Insights

Readers old enough to remember the 1960s, might recall the television show “Green Acres” starring Eddie Albert and Eva Gabor as a couple who move from New York City to a country farm. The theme song for the show was written by Vic Mizzy and it began with the lyrics: Green acres is the place for me. Farm livin’ is the life for me. Land spreadin’ out so far and wide.

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20 Things to Know about Supply Chain Digital Transformations

Logistics Viewpoints

There are twenty things companies need to know if they are contemplating a digital supply chain transformation. One thing that is very important, is that they learn about a new set of solutions called Supply Chain Collaboration Networks. The post 20 Things to Know about Supply Chain Digital Transformations appeared first on Logistics Viewpoints.

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Throwback Thursday: Excel and supply chain planning

Kinaxis

by Bill DuBois. It’s appropriate that I’m reading Nucleus Research’s piece “ Beyond Excel in Supply Chain Planning ” on a Thursday. I’m having a throwback Thursday moment as it was back in 2013 I made the case for Excel in a blog post titled, “ Hey software bullies, stop picking on Excel.” In my blog I observed that Excel was picking up the analytical gaps found in ERP systems.

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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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How do supply chain professionals rate their demand forecast’s accuracy?

AIMMS

Part I in our series on assessing your Demand Forecasting process. It’s no secret that demand is getting more difficult to predict. Is your demand forecasting process evolving with the times? How does your process stack up against others? Are you satisfied with your level of forecast accuracy? We are running a quiz to help supply chain professionals address these questions.

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Digital Transformation in Supply Chain Planning: Barrier or Enabler?

ToolsGroup

Study shows most companies are still formulating and gaining support for a digital strategy, and fear of change is the biggest roadblock. By George Fowler, group vice president, Spinnaker Supply Chain. Has your company initiated a digital transformation initiative? What’s driving you, or holding you back? If you’ve not yet embarked on your digitization journey, you seem to be in good company.

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How Machine Learning is Transforming Industrial Production

DELMIA Quintiq

The question that seems to get asked more often than not is to talk about how many industrial applications we can name for machine learning. Well, frankly that’s the wrong question. Machine learning is not a device you can plug into a production line and make the production line operate better than it did before. Machine learning is a process that needs inputs from many devices to feed data to it so that data can be collected, evaluated, and used to develop knowledge about how a production line

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Don’t Wait to Start a Supply Chain Digitization Practice

Talking Logistics

Digitization is not the future of effective supply chain management; it is the present. Organizations that are slow-walking the adoption of a digitization initiative are risking their competitive advantage and leaving significant money on the table across every link in the supply chain. Nevertheless, it is easy to understand why organizations might not pursue this.

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Maximize Supply Chain Spend & Asset Utilization with Innovative Test Automation

Connected devices are emerging at an explosive rate exerting pressure on larger operators; however, some organizations cannot continue to purchase the latest & greatest devices without ramifications. The introduction of automated test technology drives the optimization of supply chain expenditures leveraging forward & reverse logistics paths. Adopting innovative test automation tools addresses these challenges by providing robust solutions for testing the interoperability, performance, & securit

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Where Does Last Mile Go from Here?

Logistics Viewpoints

Omni-channel continues to be one of the hottest trends in supply chain management today, basically touching every software application you can imagine. In order to truly be omni-channel, retailers and brand manufacturers must provide a unified brand experience for their customers. This is true for all three major phases of the customer journey – before, during, and after the sale.

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Kinaxis Certification Program introduces digital badges

Kinaxis

by Joe Cannata We live in a world where social media presence is on a steep rise, skill validation and verification is reaching new heights, and building your own brand is critical. To keep pace with the expectations of a credentialed workforce, Kinaxis is pleased to introduce digital badges to our certified base. Keeping pace with the modern economy.

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Dealing with Unsupported Network Design Software? There’s a Silver Lining

AIMMS

It can be incredibly frustrating when the software you use to run your supply chain will become unsupported. This is happening with many on-premise solutions. Some tools may be acquired by competitors, who then incorporate them in a vastly more expensive package. The dilemma here often is: do I take the path of least resistance and upgrade to my current vendor’s costly new package, or do I risk running my business on a legacy solution a bit longer?

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With Brexit Looming, New Supply Chain Requirements Emerge

ToolsGroup

On October 31st, the United Kingdom will leave the EU, with or without an exit deal. This, combined with the 2019 EU election results that changed the political landscape, opens speculation regarding this alternative reality, and what requirements it would put on companies in the EU. Since the establishment of the European single market in 1993, member countries of the EU have had the privilege of enjoying the guaranteed free movement of capital, goods, services, and labor within the EU without

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10 Practical Steps To Reduce Scope 3 Emissions

Scope 3 emissions – which account for 70 – 80% of an organization’s emissions – are complex and multifaceted. They form the bulk of an organization’s environmental impact. It’s no surprise that enterprises still struggle to track and manage these emissions. '10 Practical Steps to Reduce Scope 3 Emissions' guides you through the essential phases of identifying, analyzing, and mitigating these emissions.

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The Huge Success Factor that’s Overlooked in TMS Projects

3GTMS

So many factors go into a successful TMS project. And by “project,” we mean what happens after the implementation and after the vendor and partners go away. While good project teams and software can get nearly any TMS project live, there’s one huge factor that often gets overlooked in TMS projects: The super user. It’s […]. The post The Huge Success Factor that’s Overlooked in TMS Projects appeared first on 3GTMS.

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6 metrics tips and tools to benchmark P2P Digital Transformation

ivalua

Vishal Patel, VP Product Marketing, Ivalua [link]. Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress.

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This Week in Logistics News (September 14 – 20)

Logistics Viewpoints

Last week, I wrote about the robot uprising that is going on in the store, where retailers are using robots for a variety of tasks, including stock checks, damage control, and customer service. So, what happens when a robot cannot fulfill its responsibilities and makes too many mistakes. Well, it turns out that after getting reassigned, it gets fired just like its human counterpart would.