Sat.Aug 28, 2021 - Fri.Sep 03, 2021

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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.

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The Perfect Procurement Plan: Why Visibility Into the Supply Chain Is Important

Turvo

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. The right procurement plan will speed inventory access and allow for improved visibility into the supply chain network as a whole.

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The Return of Demand: How Aerospace & Defense Can Prepare for the Next Normal with Virtual Twins

DELMIA Quintiq

The Aerospace & Defense (A&D) industry is arguably one that was most immediately and severely impacted by the coronavirus crisis. This is especially true in the commercial aircraft segment. However, as mentioned in a previous post , signs of increasing demand for commercial aviation are on the horizon. Preparing for this will require A&D manufacturers to digitally transform their operations and supply chains in a smart, sustainable and cost-effective way to improve visibility and agi

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[Video] Order Orchestration: Enabling Agility in the Supply Chain

Talking Logistics

We hear a lot about the importance of having an “agile” supply chain, especially in the context of disruptions like the pandemic or the Suez Canal incident. What does having an agile supply chain mean? How is it linked to order orchestration? What actions should companies take to better prepare for the next disruption? Those. Read more [Video] Order Orchestration: Enabling Agility in the Supply Chain.

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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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Editor’s Choice: The Ultimate Guide to Reducing Warehouse Travel

Logistics Viewpoints

Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. Today’s article is from Lucas Systems and highlights the ways to reduce warehouse travel. Labor is the single largest operating cost in most DCs and warehouse travel often accounts for half of all labor time, especially in order picking.

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Overcoming Production Challenges Through the Use of MES Software

IQMS

Bottom Line: Taking on manufacturing challenges and overcoming them by improving end-to-end vsibility and control first breaks down barriers in the way of taking on more customers and growing sales. The clearer and more real-time the end-to-end visbility is across shop floors and production plants, the easier it becomes to prioritize what needs to be improved first to increase production effiency, solve an urgent quality problem, increase yield rates and more.

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Is Every Company a Delivery Company?

Talking Logistics

I’ve commented several times about Meg Whitman’s statement a few years ago that “every company is a technology company.” Back in July, for example, I revisited the quote in response to Walmart’s announcement that it will offer technologies and capabilities to help other businesses navigate their own digital transformation and C.H. Robinson’s announcement of a.

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The Great Store Redo

Cathy Roberson

Stores are now having their day in the spotlight as retailers embrace multichannel services and consumers look for shopping and last-mile delivery options. The COVID-19 pandemic accelerated many retailers’ e-commerce strategies as stores battled temporary closures and consumers who were hesitant to shop in person once stores reopened. Retailers with stores invested in curbside pickups, online fulfillment in stores and partnered with crowdsourced platforms such as Instacart and DoorDash to

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How to Get Started with Supply Chain Risk Management

Supply Chain Brain

Risk is everywhere. Adverse events can and will happen at any time, and when events hit your supply chain, disruption and financial, operational, and reputational damage are not far behind. .

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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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ECommerce SEO : How Online Stores Can Drive Organic Traffic!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Reasons to Invest in Excellent Customer Service for Your Online Store. ECommerce SEO article and permission to publish here provided by Ela Marie. ECommerce has seen a staggering growth in 2021. But what should be attributed to this growth? Few bets on pandemics, others say it’s technology, but if you take our perspective, it’s completely – the Internet.

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The Role of Time & Space in Building Resilient Supply Chains

Adexa

The Role of Time & Space in Building Resilient Supply Chains. As we all know, light travels fast but at a finite speed. As a result, what we see or hear happened in the past. In most cases we call it real-time because our senses do not detect the latency. Our senses and analytical skills are very slow compared to what technology can offer. However, our cognitive skills remain superior.

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How have manufacturers and distributors evolved to meet the factory of the future?

SYSPRO Smarter ERP

The journey to reaching digital resiliency: pursuing digital transformation initiatives to thrive despite the ongoing pandemic challenges. The pandemic has shaken the manufacturing and distribution industry profoundly. Although the global supply chain is usually a well-oiled machine, the unprecedented crisis forced organizations to not only rethink manufacturing and distribution but to adapt operations to remain […].

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Watch: What’s Top of Mind for Global Supply Chains Today?

Supply Chain Brain

Michael Taylor, partner for international trade with the law firm of King & Spalding LLP, discusses the major factors that are influencing the decision of American manufacturers on whether to shift production from Asia back to the U.S.

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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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Bend but Don’t Break: 3 Issues Facing Today’s Supply Chain

QAD

The year 2020 was a big year of disruption for people around the world. All facets of life as we knew it were impacted, changed and altered by the COVID-19 pandemic. We had hoped that 2021 would be better, and in many regards it is; in some, it is not. The pandemic still plays a role in most people’s lives in some way, every day. Businesses, especially those in manufacturing, are trying to rebound and return to some sense of normal; whatever that means.

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Q: Why so many product shortages? A: The Perfect Storm

NC State SCRC

I have had a number of calls this past week with various media outlets, including the Associated Press , WRAL , Forbes, and even the New York Times! All of these reporters are asking the same question, which was best captured by a reporter at Forbes: “How is it that in a modern economy like the United States, where we have plenty of capital and strong demand, that we can’t buy the things we need?

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Downtime in Manufacturing – 7 Ways to Get it Under Control

Unleashed

Production downtime is not only costly, but common – making it a multi million dollar problem for businesses. Here we examine manufacturing downtime in detail, including what it is, what causes it, and what it can cost your business. We also look at ways to prepare for and prevent this expensive issue. Because even small manufacturing firms with limited capital can reduce the risk of suffering unexpected outages through measures like preventive maintenance, staff training and the use of smart ma

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Fiberglass Shortage Disrupts Summer for Surfers, Boaters

Supply Chain Brain

The glittery, lightweight material goes into so many common outdoor products that it’s hard to imagine summertime without it. The supply-chain snarls show how broader forces in international trade, supply and demand have rippled through industries in the past year, leading to higher prices and slowing commerce.

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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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Integrated Supplier Management: Diagnostic Insights

QAD

During our virtual Tomorrow Thought Stream in May, which focused on suppliers and supply chain challenges, root causes and the latest best practices for addressing them , QAD introduced the Integrated Supplier Management Diagnostic tool. The Diagnostic consists of 12 questions that assess an enterprise’s strategic, tactical and operational supply chain planning and execution.

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Thesis Ideas for Supply Chain Students!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? Get Our EBOOK HERE. As students go back to school many of them are entering the final year of their University or College program. Many of these programs require the completion of a thesis or major project of some sort, intended to be an overarching project drawing on all of the knowledge that the students have acquired to that point to put it into applica

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Supply Chain Digital Transformation 101: 8 Ways to Transform Your Supply Chain

ShipBob

Walmart founder, Sam Walton, once famously said, “Many of our best opportunities were created out of necessity.”. Online retailers who have embraced digital supply chain transformation did so to combat common logistics challenges that came to a head during the pandemic. Though the pandemic isn’t forever, the push towards digital transformation will continue to support retailers as they build supply chain resilience and be prepared for almost anything — a sudden influx in demand, logistics

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Global Supply Squeeze, Delta Virus Rip Through Factories

Supply Chain Brain

Orders at factories are piling up as companies around the world struggle to meet demand amid a damaging mixture of the coronavirus and widespread bottlenecks in supply chains.

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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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“Super shed” boom but there’s untapped value in physical store space

IT Supply Chain

By Oliver Guy (pictured). Senior Director, Industry Solutions at Software AG. The post “Super shed” boom but there’s untapped value in physical store space appeared first on IT Supply Chain.

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Reimagine Business with Flexible Supply Chain Thinking

Procurement Academy

How are adaptive organizations leveraging disrupting circumstances caused by the pandemic? Flexible supply chain thinking may be a solution. Being more elastic and developing a flexible oriented mind-frame can help us see different angles of the same disrupting events. Then you begin seeing problems as challenges, and figure out new possibilties to move forward.

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Building a Playbook for the Next Pandemic

NC State SCRC

Many organizations are seeking ways to prepare for the next wave of Delta variant, as well as other variants that may be in the pipeline. How should your organization prepare? What needs to be done today? In general, I don’t believe that a single “playbook” is right for every type of organization. But here at least are some basic elements that we discussed in a Harvard Business Review article that we published earlier this year.

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How to Digitize, Optimize, and Automate Complex Automotive & Industrial Supply Chains

Supply Chain Brain

Given the global nature of today’s supply networks, multi-tier visibility, planning and execution has become very complex. To manage today’s complexities, current systems are forcing functional groups to resolve problems with outdated processes and approaches.

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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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Bangkok Airways refused to pay ransom following data breach, resulting in data being dumped online

IT Supply Chain

By Brooks Wallace (pictured). VP EMEA at Deep Instinct. The post Bangkok Airways refused to pay ransom following data breach, resulting in data being dumped online appeared first on IT Supply Chain.

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Manage Your E-Commerce Store With No Inventory!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Drop Shipping Teddy Bears! Manage your E-Commerce store article and permission to publish here provided by Claire Glassman. A successful new business model has come to the forefront, and it doesn’t require you to have an inventory. E-commerce stores are now trendy, and their online sales are projected to make up to 18.1% of global retail sales.

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Easy Supply Chain Savings: A Simple Supply Chain Case Study

Logistics Bureau

Supply Chain & Logistics case studies are always interesting. This one is about easy ways to save money in your Supply Chain and Logistics operations if you just look at things differently. And it was an easy problem to fix! Maybe you have some similar examples you can share in the comments? Check out this article related to this topic: 7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management.