What if Forecasts Were More Accurate and Reliable?
Demand Driven Technologies
NOVEMBER 28, 2022
It often seems like supply chain executives are too busy trying to improve forecast accuracy to wonder: would it really change the game? Source.
Sat.Nov 26, 2022 - Fri.Dec 02, 2022
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Tips for Managing Supply Chain Disruption Cost
MercuryGate
DECEMBER 1, 2022
In 2022, supply chain disruptions cost global businesses an average of $184 million and an average of $228 million. With that in mind, controlling procurement and transportation budgets is more important than ever. While disruptions are inevitable, proactive planning can minimize negative impacts on the supply chain. The post Tips for Managing Supply Chain Disruption Cost appeared first on MercuryGate International.
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How to Avoid the Bull Whip Effect with Inventory Planning
StockTrim
NOVEMBER 28, 2022
The bullwhip effect is a phenomenon that can happen in inventory management. It happens when there is too much inventory in the supply chain and it moves in whip-like pattern.
The future of digital transformation is Open. What’s your strategy for 2023?
Axway
NOVEMBER 29, 2022
You may have heard of Open Banking , Open Insurance , or perhaps Open Healthcare – the truth is, that’s just a start.
4 Ways To Drive Supply Chain Excellence in the Food Industry
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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.
A Better Way to Think About Integrated Planning
Logistics Viewpoints
NOVEMBER 28, 2022
Paul Delbar from OMP has a different take on what integrated planning means. OMP provides supply chain planning (SCP) solutions. Mr. Delbar has a succinct way of describing difficult concepts. Resilience is About Planning for Agility. “Definitions of agility, resilience, visibility, and end-to-end collaboration are all very much tied together. Something happens in your end-to-end supply chain.
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Resilient supply chains require a shift in procurement strategy
Resilinc
NOVEMBER 29, 2022
The World Economic Forum is many things: an annual meeting of business leaders in Davos, Switzerland; a sponsor of think tanks like the Centre for the New Economy and Society; a funder of social enterprises such as the Forum of Young Global Leaders; and the publisher of Agenda articles on contemporary business issues by leaders in business, politics, and civil society.
What is Inventory Replenishment & Why Does it Matter?
Unleashed
NOVEMBER 28, 2022
Inventory replenishment is reordering stock in the right quantities, at the right time. Too much inventory can increase costs, limit cash flow, and leave you with expired stock. Too little, and you risk disappointing customers with slow fulfilment times. An optimised inventory replenishment strategy ensures items are reordered from suppliers in time to meet demand, while preventing overstocking of products, raw materials, and parts.
Why a Delivery Customer Experience Focus Yields Competitive Advantage
MercuryGate
NOVEMBER 29, 2022
As the e-commerce piece of the total retail sales puzzle evolves, options for last-mile delivery continue to increase. Shippers must focus on the quality of those experiences and optimize their logistics, including those last-mile processes. Doing so allows you to keep up with consumers' high expectations and compete in the market. The post Why a Delivery Customer Experience Focus Yields Competitive Advantage appeared first on MercuryGate International.
Data Governance: What Is It & Why Does It Matter?
IT Supply Chain
NOVEMBER 30, 2022
By Allen Brown (pictured). Content Writer. The post Data Governance: What Is It & Why Does It Matter? appeared first on IT Supply Chain.
15 Modern Use Cases for Enterprise Business Intelligence
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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?
80% of UK businesses say Brexit caused the biggest supply chain disruption in the last 12 months
ivalua
NOVEMBER 28, 2022
83% fear the biggest disruption from Brexit is yet to come, while increasing supply chain disruption caused revenues to drop by an estimated 18%. London, UK, 28th November, 2022. Research from Ivalua , a leading global spend management cloud provider , has revealed that 80% of UK businesses say that Brexit has been the biggest disrupter to supply chains in the last 12 months, while 83% fear the biggest disruption from Brexit is yet to come.
Above the Fold: Supply Chain Logistics News (December 2, 2022)
Talking Logistics
DECEMBER 2, 2022
December, already? I was thinking of something witty to write as we enter the last month of 2022, but all that came to mind were these lyrics by the Counting Crows: A long December and there’s reason to believeMaybe this year will be better than the last With nothing more to say, here is the. Read more Above the Fold: Supply Chain Logistics News (December 2, 2022).
CPG Companies Support Regenerative Agriculture
Enterra Insights
DECEMBER 1, 2022
The world faces a conundrum that affects each and every person on the planet — we all need to eat; however, producing the food we need is a leading cause of climate change. One way experts recommend addressing this conundrum is to focus on regenerative agriculture. Analysts from Chesapeake Bay Foundation (CBF) explain, “Humans have been practicing agriculture for more than 10,000 years.
Logistics Predictions: How Did We Do in 2022 and What Will 2023 Look Like?
Logistics Viewpoints
DECEMBER 1, 2022
Near the end of 2021, I had the chance to make the early call on Logistics Viewpoints on what 2022 would look like across five major logistics themes. Unlike the folks projecting election results these days, I was a little more accurate and the 2022 projections have set the stage for what will happen in 2023. Let’s take a look at what happened with the major themes, as well as the research and analysis we conducted in 2022 to help determine what those themes will look like in 2023.
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
Using Supply Chain Databases in Academic Research
SCM Research
NOVEMBER 27, 2022
In recent years, academic articles that use supply chain databases have become more and more common in SCM-related journals. Such databases (e.g., Bloomberg SPLC, FactSet Supply Chain Relationships, and Mergent Supply Chain) were originally not developed for use in academic research, but for use in business practice. However, they offer great potential for a better understanding of supply chains (or more precisely supply networks) and supply chain management and are therefore also very interesti
Mind the Gap: Where to Find the Greatest Opportunities for Supply Chain Innovation and Improvement
Talking Logistics
NOVEMBER 30, 2022
Editor’s Note: The following is an excerpt of a research report published this week, “Transportation Pulse Report 2023 – Welcome to the Platform Era: Uniting the Transportation Industry to Collaboratively Make a Difference.” The research, conducted by Adelante SCM and commissioned by Transporeon, includes insights from our Indago supply chain research community and from executives.
Business’ Big Data Problem: Data Quality
Enterra Insights
DECEMBER 2, 2022
There is almost universal recognition that the age in which we live is dominated by data. Data is the sine qua non of the Digital Age. Here’s the problem: According to a survey conducted by HFS Research , “75 percent of business executives do not have a high-level of trust in their data. … This lack of trust comes despite 89 percent of executives surveyed saying a high level of data quality was critical for success.”[1] It’s hard to imagine how an organization can s
The Key Pillars of Third-Party Risk Management
ivalua
DECEMBER 1, 2022
Third-party Risk Management (TPRM) within Services organizations, especially Financial Services (FSI), has become critical over the last few years. Some of this is due to regulation but a lot is simply due to the increase in risk occurrences of varying types and the increasing complexity of third- party relationships. In Q3 2021, The Hackett Group conducted a comprehensive performance study of third-party risk management across a wide demographic of companies.
How to Master Product Portfolio Management
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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.
Logility Ranked in 2022 Gartner® “Critical Capabilities for Supply Chain Planning Solutions” Report
Logility
NOVEMBER 30, 2022
A Critical Capabilities document is a comparative analysis that scores competing products or services against a set of critical differentiators identified by Gartner. It shows you which products or services are a best fit in various Use Cases to provide you actionable advice on which products/services you should add to your vendor shortlists for further evaluation.
The Chain.io Story with Brian Glick
The Logistics of Logistics
NOVEMBER 30, 2022
Brian Glick and Joe Lynch discuss the Chain.io story. Brian is the Founder and CEO of Chain.io, a cloud-based integration platform that connects partners across the global supply chain. About Brian Glick. As Founder and CEO of Chain.io, Brian Glick has made a career of simplifying complex supply chain and trade compliance IT challenges. Whether analyzing complex coding issues or rationalizing the compliance impacts of a vendor direct drop ship program, Brian brings a rare combination of execut
Vigilance Remains the Watchword of Supply Chain Risk Management
Enterra Insights
NOVEMBER 30, 2022
As the world learns to live with Covid, people and businesses look for some kind of normality in their daily routines. When it comes to supply chain risk management, however, vigilance is always required. The Supply Chain Quarterly reminds us, “Supply chain challenges aren’t over yet.”[1] Supply chain challenges are like buses on London’s Oxford Street, there is always another one coming.
The Top CPO Metrics Used to Measure Inflation, Risk, and Uncertainty
ivalua
NOVEMBER 29, 2022
In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. However, the path to success is never easy. With inflation rising, CFOs must tighten their belts. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.
The Ultimate Guide to Transportation and Load Building Optimization
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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.
Improving Your Supply Chain Risk Management
C3 Solutions
NOVEMBER 30, 2022
Before 2020, the global supply chain seemed almost untouchable, a well-oiled machine that kept the global economy turning. Risk mitigation and supply chain resiliency wasn’t the top priority for businesses.
Happening Now: President Biden signs legislation avoiding rail strike
West Coast and California Logistics
DECEMBER 2, 2022
President Biden has signed legislation today that imposes a labor agreement on rail workers. According to Supply Chain Dive, this legislation helps the country avoid a national strike that could have cost the economy $2 billion per day.
Crypto Enthusiast Investment Tips!
Supply Chain Game Changer
NOVEMBER 26, 2022
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Should You Reinvest Your Crypto Gains? Nowadays, getting an interest in the cryptocurrency industry is inevitable. One of the most important reasons behind the same is that the cryptocurrency industry is flourishing and making people more prosperous. If you a Crypto enthusiast looking forward to becoming rich using the cryptocurrency space, you need first to understand the whole crypto space.
Majority of Supply Chain Organizations Prioritizing Sustainability
Supply Chain Brain
DECEMBER 2, 2022
The majority of supply chain organizations surveyed in October and November — 77% — claim to be prioritizing sustainability or to have plans to prioritize it in the coming year. .
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.
Accelerate Your Business with this B2B e-Commerce Checklist
QAD
DECEMBER 1, 2022
We’ve written extensively about the steps manufacturers can take to mitigate some of the damage the supply chain sustained following the COVID-19 pandemic, including contingency planning with an S&OP process, building in resiliency , pinpointing and unmasking supply chain issues and responding to risks with improved supplier relationship management ( SRM ), among other similar topics.
How Arena Helps Nascent UAM Industry Take Flight
Arena Solutions
NOVEMBER 29, 2022
In 1962, who would’ve thought the animators from Hanna-Barbera Cartoons in Los Angeles were already experimenting with urban air mobility (UAM)? Their cartoon, “The Jetsons” was living proof digital transformation was just around the corner. The cartoon sitcom featured a futuristic space-age family living in Orbit City. “The Jetsons” invited its viewers to envision the incredible possibilities that the current wave of technological innovation could one day materialize—from robotic maids, flying
10 supplier management best practices and strategies
Taulia
NOVEMBER 29, 2022
Supplier management is the term used to describe the processes of selecting and managing suppliers or vendors. It’s a hugely important element of operations for most companies, having a significant impact on costs, manufacturing, and cash flow. Getting the best performance from your suppliers, while also ensuring you’re contributing towards a stable long-term relationship, can pay off in meaningful ways.
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