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Supplychain practitioners seeking the best way to speed decision intelligence, unify supplychain data, and increase operational efficiency can benefit from a supplychain data gateway. Here are 10 ways a supplychain data gateway can improve your performance across the end-to-end supplychain.
Supplychain practitioners seeking the best way to speed decision intelligence, unify supplychain data, and increase operational efficiency can benefit from a supplychain data gateway. Here are 10 ways a supplychain data gateway can improve your performance across the end-to-end supplychain.
Supplychain disruptions have become a persistent operational risk. Traditional supplychain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. Amazon is a leader in AI-driven supplychain management.
India’s growth story can continue if it streamlines and effectively manages its supplychain like the iconic dairy brand Amul that recently entered the US market. Amul’s supplychain model is a well-structured and decentralized cooperative framework that focuses on efficiency and farmer welfare.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
Now, as a variety of disruptive events cause supplychain challenges, companies are contemplating bold moves to keep business moving, including moving sourcing and manufacturing closer to home markets and maintaining a larger reserve stock to help manage the fluctuations in supply and demand.
Supplychain teams face a similar dilemma – companies are overloaded with vast amounts of data, and the ability to sift through the noise and focus on relevant insights has become a critical capability. Decision-makers must operate with agility and speed, often orchestrating complex scenarios across vast supplychain networks.
Jack Fiedler, the vice president for digital transformation of the global supplychain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supplychains. We run one of the few truly hybrid supplychain networks. That has worked out well for us.
Global supplychains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks.
Artificial intelligence (AI) and rapidly developing generative AI tools provide complex, real-time, and in-depth insights specific to supplychain management. This is particularly critical in supplychain environments where aligning data across siloed departments is essential.
At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supplychain management software. In conventional supplychain planning , planners using basic tools (typically spreadsheets or legacy systems) forecast just one number for each item.
Safety Stock: Navigating SupplyChain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supplychain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.
As global supplychains continue to tackle ongoing disruptions, one major headwind that most organizations are faced with is the inflationary environment we are living through. The key to this lies with sourcing. Before diving further, let us define what sourcing is. Digitalizing sourcing (i.e.,
Five years ago, we all thought the COVID-19 pandemic resulted in the most disrupted supplychain landscape we would ever see. Since then, supplychain disruptions and volatility have only increased. We were wrong. Today the question is not just When is the next disruption coming? billion to $23.07
The core topics ranged from how prepared the world is to power the energy transition, developments in carbon removal, financing new investments, and grappling with supplychains. Each presentation was exceptional, and the event viewed ESG from a holistic but pragmatic perspective.
Mark Baxa , John Delgado and Joe Lynch discuss supplychain shock waves: strategies for survival and success. Mark is the President and CEO of the Council of SupplyChain Management Professionals (CSCMP), a global organization dedicated to advancing the supplychain profession. He also co-leads the St.
” Dragons are a good analogy for the risks faced by supplychains. No one can say for sure what dragons lie ahead in 2025 for supplychains, but some risks are known. Navigating this years looming risks to build a secure supply network has never been more critical.[1] 5] Geopolitical Risks.
Ted Krantz, CEO of Interos Interos , a company providing supplychain resilience and risk management software, emailed me to say that there was a supplychain risk everyone seemed to be ignoring – AI-related risks. For example, online news items can generate event data. There is always a human in the loop.
ToolsGroup identifies five key drivers shaping the future of supplychains: changing customer expectations, heightened competition, rising operational complexity, technological advancements, and geopolitical tensions. Optimize Distribution Networks Adapt warehouse locations and logistics for localized supplychains.
For the past few years, the news has been filled with stories about supplychain disruptions, supplychain fragility, and the need for supplychain resilience. A term once prominent in supply discussions optimization isn’t heard quite as often as it used to be.
I find that most companies’ understanding of supplychain planning is immature, and that next week, at the Gartner SupplyChain Summit in Orlando, that many will don their Mickey ears to discuss what I consider outdated supplychain planning models. Buying supplychain planning software is hard.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supplychain resiliency test. Supplychain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.
What is Demand Forecasting in SupplyChain Management? Demand forecasting in supplychain management is the process of predicting customer demand, supply trends, and pricing fluctuations. To help you stay ahead, here are four strategies that supplychains leaders are using to win at demand forecasting.
Now more than ever, organizations must prepare their supplychain for the present and the unknown challenges and opportunities in the future. Integrating external factors like consumer price indexes, GDP trends, climate change, and others into the forecast can improve signaling for supplychain design.
As I was enjoying the holidays, I had an opportunity to reflect on the year past and what the future holds for supplychains. However, organizations will need to be deliberate in designing supplychains with optionality so it does not become cost prohibitive. SupplyChain Design is essential in tackling these.
Today we recognize that the supplychain is a source of strategic advantage. In our quest to drive scale and reduce costs, we have architected supplychains spanning the globe. However, as these supplychains become increasingly globalized, they are also more vulnerable to disruption.
Supplychains have experienced significant disruptions in the first half of 2022, from a global pandemic to wars, rising fuel costs, and a potential recession. Passing costs onto consumers is often not viable and, in some cases, has already occurred due to supplychain shortages. Ease of use is also essential.
Discover the top supplychain disruptions of 2024 and other significant supplychain trends from Resilincs exclusive data. The supplychain landscape in 2024 was characterized by significant transformations and challenges, with resiliency as a key theme across all industries.
The toilet paper shortage was one of the COVID era events that taught people what the term “supplychain management” meant. The changes to the profession of supplychain management are dramatic. Firstly, the term “supplychain management” was not in general use before COVID. This worked.
What they need is a supplychain solution that will enable them to stay on top of problems, minimize damage and stay ahead of competitors. Exceptional risks, sometimes called black swan events, are situations that are not expected and are almost impossible to predict. It is a necessary part of supplychain risk management.
The Paris Olympics boasts a spectator capacity of over 300,000, with the city expected to welcome an astounding 15 million visitors, including 2 million international visitors, all drawn to the world’s largest sporting event. Korber and KKR announce the strategic acquisition of MercuryGate to strengthen their supplychain software business.”
Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demand planning and supplychain management. These improvements directly strengthen the bottom line, making ML capabilities an essential component of modern supplychain management software.
Supplychain risk solutions are hot. Exiger’s CEO, Brandon Daniels, told me they were larger than their three largest supplychain risk competitors combined. Modern supplychain risk solutions are marvelous pieces of technology. And a company called Exiger seemingly came out of nowhere to capitalize on this.
Over the past few years, supplychain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products.
This is where inventory meets the supplychain. How the food Industry can optimize its supplychain for festivals Many event planners and teams focused on the supplychain may also wonder about possible food or beverage shortages. How do you keep food plenty and mugs full?
Mike Baudendistel and Joe Lynch discuss the CPG supplychain. Mike is the Head of Intermodal Solutions at SONAR, the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector.
My recent conversations with the supplychain practitioners are dominated by supplychain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Let us dive deeper into how supplychains are getting disrupted. Europe relies on Russia for around 35% of its natural gas.
In a previous post , I made a case for how the Chief SupplyChain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly SupplyChain and Procurement will need continuous collaboration. Such sourcingevents can be in the context of direct materials or logistics capacity.
During his tenure in the industry, he built innovative pricing and forecasting models, leveraging internal and external data sources to improve internal decision-making and increase profitability. Prior to joining DAT, Adamo led the pricing and decision science teams at FedEx.
Due to travel restrictions, I cannot attend many industry events, so I observe from home, watching webinars and remote broadcasts. Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? Surgery is over. I am safely recuperating at home.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . This includes internal and external data sources.
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article comes from Greg Quirk, Product Marketing Manager at Kinaxis and looks at AI in supplychains. Data is the lifeblood of AI in the supplychain.
Supplychain resiliency and sustainability are top priorities for CEOs today. To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains.
The phrases “transitory inflation” and “supplychain disruption” have been frequently used in the general and business news media this summer. Certainly, supplychain constraints are a partial cause of the current above trend inflation. This Summer’s Sales, Prices, and SupplyChain Performance. Final Word.
When the pandemic started in 2020, no one could foresee the impacts of the global supplychain disturbances would last this long. We can say things have changed, and the pandemic is not just an anomaly event after all. Critical inventory disruptions/deficiency anywhere in the supplychain. Response to disruptions.
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