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Safety Stock: Navigating SupplyChain Volatility Through Strategic Inventory Planning Demand volatility represents a critical challenge for supplychainexecutives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.
SupplyChain Matters provides the first of a two-part market education series addressing what we term as broadening the context from warehouse control layer or accelerator to that of supplychainexecution orchestration.
As a supplychainexecutive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. An automotive company I collaborated with conducted detailed modeling of potential tariff impacts on semiconductor supplychains.
Its an oft-quoted saying in IT: 80 percent of customers only use 20 percent of the features in the software theyve purchased. Warehouses can range from small cross-dock operations with minimal storage needs to massive, multi-functional distribution centers packed with extensive automation and material handling equipment (MHE).
In the aftermath of the pandemic, supplychain inadequacies have been revealed in a new and stark light. Most found themselves ill-prepared for the magnitude of disruption in supply and demand, followed soon after by political unrest, labor and material shortages, and sharp inflation.
My last post on the SupplyChain Shaman blog was forty-five days ago. Then it was the redefinition of the supplychain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. As we moved into our new roles, for all supplychains, demand shifted. Time to Know.
I’ve completed research on supplychain planning (SCP) boutiques. We are teaming up to bring you the coolest supplychain boutiques, listed alphabetically, that we identified through those studies. enVista provides across-the-board supplychain and logistics consulting. What is a boutique?
During our conversation, Eddie and I spoke about the changing nature of global supplychains in the face of the ongoing Covid pandemic as well as the continuing surge of e-commerce. First, what is the current state of supplychaintechnology? Fourth, what makes order management technology dynamic?
Something struck me after spending a few days in Phoenix at Gartner’s SupplyChainExecutive Conference. SupplyChain Network Optimization is key to running an efficient and profitable operation today. Analyzing the software market. SupplyChain teams shouldn’t be overly focused on technology.
While demand is high, ongoing product shortages continue to cause supplychain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations. If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges.
Let’s just come right out and say it – without the ability to capture, aggregate, and understand your supplychain data, you have gray area within your organization. Yet, the money was spent, and the technology is now in place. How can you make it all work together and build a better supplychain business, fast?
Optimas will share how it’s partnering with ToolsGroup to manage supplychain complexity. John Berry, COO and SVP of Strategic Initiatives at Optimas, and Kyle Burby, Director, SupplyChain – North America at Optimas will present “Transformation of a SupplyChain through People, Process and Technology”.
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.
Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. acquired by SAP).
While the supplychain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. As we turn the page on 2022 , I’d like to make five supplychain predictions about what to expect for 2023.
A recent and timely survey published today points to continued perception or communication gaps and among business C-Suite and supplychain senior executives. Survey Structure This survey, sponsored by supplychain operations technology provider LeanDNA and conducted by Wakefield Research , involved a reported 100 U.S.
The Role of Digitisation and Analytics in SupplyChain Resilience. by Dr Shereen Nassar – Global Director of Logistics Studies and SupplyChain Management Programmes Heriot-Watt University Dubai. Digital SupplyChain to Drive Resilience.
One conference I recently attended is the Gartner SupplyChainExecutive conference in Phoenix, Arizona. Here are some of the examples he shared to highlight how the traditional linear supplychains are being disrupted: Connected home sharing consumption signals (e.g. smart refrigerators and Amazon dash buttons).
As an engineer, former solutions architect and now CEO of a leading supplychaintechnology company, I have a real affinity and respect for Chief Information Officers (CIOs) and their teams, without whom successful enterprise technology deployments would be impossible. We’re just not meeting customer expectations.
Getting started with AI in supplychain might not start where you think. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supplychain and your data. Since this advice on getting started with AI in supplychain may seem counterintuitive, let me explain.
Gartner SupplyChain Symposium/Xpo EU 2023 has wrapped up its 3-day event in Barcelona, Spain. Featuring over 35 Gartner experts and more than 100 research-driven sessions, this year’s conference gathered over 2,000 supplychain professionals from across Europe and beyond. Looking for a snapshot of the key highlights?
Today, I am proud to launch the SupplyChain Index. It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the SupplyChain Index on our webinar or listen to the replay. (We The SupplyChain Index has been two years in the making.
by Alexa Cheater Faster, smarter, more profitable supplychain decisions. While there have been numerous examples of how AI can boost profits in supplychainexecution—most notably in the form of autonomous vehicles and smart robotics—the benefits related to supplychain planning have largely been ignored.
On September 9–11, 2014, 110 supplychain visionaries will gather in the desert at the Phoenician Hotel in Scottsdale, Arizona to think differently and define the future of supplychain. Today, 90% of publicly-traded companies are stuck at the intersection of operating margin and inventory turns. It is needed.
After a dramatic drop at the beginning of the pandemic, SupplyChain Management (SCM) and Enterprise Resource Planning (ERP) software public valuations are near twice the ten-year average. The majority of the transactions are in Enterprise Resource Planning (91) versus supplychain planning (31).
The Covid-19 pandemic has confirmed what we already knew: modern supplychains must be built on a foundation of extreme agility and responsiveness. The sudden onset of Covid-19 only reinforced what supplychain professionals had already realized: uncertainty is the only real certainty. Detection and Response Challenge.
Many large enterprises use one form or another of a supplychain application to help manage their supplychains. Supplychain vendors have been touting their investments in artificial intelligence (AI) for the last several years. The agent technology is much more complicated than the math.
Combining these impressive capabilities with ToolsGroup’s AI-driven, award-winning supplychain solutions, companies can now enjoy a truly end-to-end planning and execution process. “As SO99+ provides end-to-end visibility through a digital supplychain twin that models goods and inventory movement.
Prior to 2020, every supplychain in the world was challenged by increasing levels of demand unpredictability and market volatility. The sudden onset of COVID-19 only reinforced a lesson that supplychain professionals had already realized: uncertainty is the only real certainty. The Road to Agility and Resilience.
Many companies were in the midst of digitally transforming their supplychain when the Convid-19 pandemic hits. In this part 2 article, let us continue to explore the concrete actions we can take in our Digital SupplyChain journeys.
Today, we published The SupplyChains to Admire for 2023. Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. I admit it.
Risk permeates supplychains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supplychain management, but supplychainexecutives who take the time to understand the greatest threats can successfully position their companies to overcome such risks.
In the process, I discovered that the average process manufacturing company has reached a plateau in supplychain performance. However, the conditions were more complex; the average company, over the last ten years, experienced a decline of 1% in operating margin, and an increase in the days of inventory of 5%.
Something struck me after spending a few days in Phoenix at Gartner’s SupplyChainExecutive Conference. SupplyChain Network Optimization is key to running an efficient and profitable operation today. Yet, supplychain network optimization technology is still just a richer version of the 90’s experience.
Thirty-one months of supplychain disruption. The Russian invasion of Ukraine stretches into a much longer war resulting in serious disruptions to the food, automotive, and semi-conductor supplychains. While many old-fashioned supplychain leaders speak of Risk Management and the need for Control Towers.
Presented by Blue Yonder customer DHL, Manifest brings together Fortune 500 global supplychainexecutives, logistics service providers (LSPs), innovators and investors. In our work with over 175 LSPs, Blue Yonder has seen firsthand the significant advantage that can be achieved by embracing technology innovation.
Ever since COVID hit, supplychainexecutives have embraced supplychain risk management. Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. SupplyChain Chaos is the New Norm. Chasing N-Tier Visibility.
Leader in yard management automation and inventory robotics to the food industry recognized as a top technology provider. Yard management is a critical linkage in logistics management practices and has a significant impact on the overall efficiency of the supplychain. ” About PINC.
Optimas will share how it’s partnering with ToolsGroup to manage supplychain complexity. John Berry, COO and SVP of Strategic Initiatives at Optimas, and Kyle Burby, Director, SupplyChain – North America at Optimas will present “Transformation of a SupplyChain through People, Process and Technology”.
If you’re a supplychain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Supplychain management is risky business — and the risks are growing every day. whenever you’re discussing supplychain strategy or decisions.
Subscribe to SupplyChain Game Changer. SupplyChain Investment Challenges – Real and Imagined! Intelligent SupplyChaintechnologies article and permission to publish here provided by Dan Weinberger , UN SupplyChain Expert and CEO of Morpheus Network. Subscribe Here!
Source: Gartner SupplyChainExecutive Conference. Procter & Gamble (P&G) is known for best-in-class supplychain planning. Equally it poses huge supplychain planning challenges. P&G’s existing planning system, designed for its main supplychain, couldn’t support GDM’s complexity.
Gartner says that future supplychain planning will look less like a "control tower" and more like a refinery "control room'" with many value-added analytics that automate, guide and control the supplychain. So how does Gartner see control towers evolving into a meaningful addition to the supplychain landscape?
Investment Will Fuel PINC’s Strategy to Become a Global Category Leader in SupplyChain Management Software. Union City, CA – June 16, 2020 – PINC, the leader in digital yard™ solutions, today announced that it has secured a significant growth equity investment from Accel-KKR, a leading technology-focused private equity firm.
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