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In the supply chain management industry, words swirl but lack definition. Will we transform and improve supply chain planning systems based on AI? Over the past decade, over 320,000 supply chain leaders have followed me on LinkedIn. (I However, we need to challenge the base definition of supply chain planning.
Historically, there has been a disconnect between Supply Chain Planning and Supply Chain Execution processes and applications. As a result, companies tend to plan, optimize, and execute their inventory, labor, transportation, and warehousing operations separately (that is, in a siloed manner).
Jack Fiedler, the vice president for digital transformation of the global supply chain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supply chains. I’ve not seen a company that does a better job of agile planning across an end-to-end, multi-tier supply chain.
Situation Companies are increasingly confronted with complex planningscenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.
This white paper, by GEP, shares a 6-point plan to gain visibility and track ESG performance across your supply chains. Gaining visibility into ESG performance is a necessary first step to achieving ESG goals. But organizations must overcome challenges and develop processes to make it happen.
When one thinks of supply chain software vendors, the name InterSystems may not spring to mind. A supply chain data fabric can help companies augment their supply chain processes. They aim to achieve the same success in supply chain management that they have achieved in the healthcare sector. Who is InterSystems?
During my current supply chain planning market research, I have received briefings from several SCP companies. Many say that they are using generative AI, a type of AI that can create new content and ideas, as part of their journey toward autonomous planning. Nobody will give that much control of their plan to an algorithm.” “But
They used the phrase planning at the edge of chaos. The Need for Speed When you talk to supply chain planning software suppliers, they identify similar trends. And the trends they are focused on have a direct impact on their product development plans. John Galt Solutions is a provider of supply chain planning solutions.
Today’s supply chains are fraught with uncertainties across demand and supply yet are tasked with adding incremental value to their organizations while also meeting commercial, working capital and sustainability goals. The challenge for supply chain teams lies in increasing knowledge to create value amid this complexity.
This GEP whitepaper shows why supply chain leaders should take steps now, and offers an action plan for moving forward. To achieve sustainability, many firms set lofty net-zero emissions goals. However, meeting them is easier said than done.
Supply chain 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 supply chain networks.
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. Supply chains need to be more agile than ever, yet much of the advice circulating in the industry remains high-level or less than ideal.
My head is wobbling with announcements, late-night Friday press releases, company name changes, and executive turnover in the supply chain planning market. Logility, a conservative company supply chain planning technology, historically had no debt and cash reserves of more than 80M, is undervalued in this deal.
At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supply chain management software. In conventional supply chain planning , planners using basic tools (typically spreadsheets or legacy systems) forecast just one number for each item.
Does your supply chain need a refresh? Newsflash: digital supply chains allow for integration and visibility to every aspect of the movement of goods/services. Don't let your supply chain become a thing of the past; download this guide to embrace the future!
When planning your weekend, you might check a 5-day weather forecast, which provides probabilities of rain, sunshine, or cloudy skies. Recently, Steve Banker wrote an article about taking a flight and planning the drive to the airport. Picture this: you need to plan your inventory levels for the upcoming holiday season.
Harvard Business Review recently published an article, “ To Build Resilience, CEOs Need to Become Supply-Chain Experts ”. In this article, we wanted to discuss one aspect of supply chain that is often not given enough attention – building strategic relationships and shared value with direct spend suppliers.
Your Aftermarket Supply Chain is More Complex Than You Think: Stop Guessing, Start Optimizing Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Your distribution network spans multiple locations. Your parts portfolio includes thousandssometimes millionsof SKUs.
Kinaxis is a leading provider of supply chain solutions. Kinaxis used to refer to itself as a supply chain planning supplier. They are now starting to call themselves a provider of supply chain “orchestration” solutions. They are now starting to call themselves a provider of supply chain “orchestration” solutions.
Today's supply chains are networked, global ecosystems. How prepared are supply chain teams to react and recover from a planning maturity stance? The use of scenario analyses: How widespread is the use of scenarios prior to and during planning meetings?
ARC Advisory Group has been covering the Supply Chain Planning ( SCP ) market for 17 years. The pandemic brought home the need for companies to run agile and resilient supply chains. Supply chain agility reflects a company’s ability to respond quickly to surges or plummeting demand.
This strategic partnership aims to improve demand planning efficiency, optimize inventory performance, and elevate service levels. “In ToolsGroup’s advanced supply chain planning and optimization suite will be instrumental in refining our inventory management strategy and enhancing our competitive edge.
And how can supply chain planning help? My goal was to think harder about how to best implement Advanced Planning before I wrote my next post. In one project, I am interviewing over fifty supply chain leaders on their perceived impact of advanced planning, what makes a good plan, and how effectively they use the technology.
Historically, supply chain planning processes have been performed using error prone and time-consuming spreadsheets. Adopting a predictive intelligence platform allows you to outperform your supply chain goals, overcome challenges of spreadsheet-based planning, and improve the bottom line.
The logistics and supply chain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Businesses face heightened uncertainty in managing costs and securing stable energy supplies. Immutable records enable accountability throughout the supply chain.
Over the last two decades, there has been a significant focus on increasing the speed of supply chain planning solutions. However, you may have noticed that the increase in the speed of supply chain planning solutions is not resulting in better decisions, improved performance, or much-needed supply chain agility.
Given that we are in the age of AI/ML, I often think of how the small deli where I worked was a perfect training ground for applying AI/ML in fresh supply chain planning. There are various use cases of AI/ML for fresh demand planning of products, from producers to large grocery chains and even small delis in suburban Pennsylvania.
Dedicated supply chain network design software is fuelled by intuitive scenario analysis capabilities on the front end and powerful mathematical optimization on the back end. Answer 10 relevant questions and find out if your needs qualify for advanced network design & scenario modeling technology.
Businesses have shifted from supply-focused approaches to demand-driven models, yet many still struggle to balance accuracy with agility. What is Demand Forecasting in Supply Chain Management? When planning your demand forecast, its essential to master the fundamentals. Escape from the vicious cycle of unreliable forecasts.
Businesses have shifted from supply-focused approaches to demand-driven models, yet many still struggle to balance accuracy with agility. What is Demand Forecasting in Supply Chain Management? When planning your demand forecast, its essential to master the fundamentals. Escape from the vicious cycle of unreliable forecasts.
Autonomous delivery vehicles (ADVs) are bringing significant changes to last-mile logistics, an essential component of the supply chain. However, integrating these systems will require careful planning, particularly regarding regulatory compliance and managing workforce changes.
The new year has arrived and so has the new wave of noteworthy news coming out of the supply chain space. A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supply chain. Now let’s get into the supply chain news from this week!
How much can you save by optimizing your supply chain network? What's the ROI of supply chain network design software? Take our calculator for a spin to see how much you can save per year by optimizing your supply chain network. Our benefits calculator helps you find out. We often get asked this question.
Supply chain practitioners seeking the best way to speed decision intelligence, unify supply chain data, and increase operational efficiency can benefit from a supply chain data gateway. Here are 10 ways a supply chain data gateway can improve your performance across the end-to-end supply chain.
Your Aftermarket Supply Chain is More Complex Than You Think Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Traditional supply chain planning tools fall short for several key reasons: Inability to handle intermittent demand patterns.
At ToolsGroup, we provide cutting-edge AI and machine learning solutions to enhance supply chain resiliency and efficiency. Belcorp: A Supply Chain with Countless Moving Parts Belcorp is a beauty corporation with a mission to provide beauty products that answer to a variety of individuals’ needs.
The modern supply chain is a complex network of suppliers, manufacturers, distributors, and customers, all interconnected and reliant on a shared ecosystem of trust and accountability. As industries evolve and global markets expand, ethical considerations have become central to supply chain compliance.
Test your Planning Fitness. In today's new supply chain paradigm, resilience and agility are key. Is your planning process fit enough to keep up with the pace of change? Is your tech stack helping or hindering your progress? Take AIMMS's new quiz to uncover learnings and benchmark yourself against peers!
The supply chain industry is no stranger to uncertainty. While businesses cant predict every challenge, they can take proactive steps to anticipate disruptions and strengthen their supply chain management systems with advanced demand planning tools.
India’s growth story can continue if it streamlines and effectively manages its supply chain like the iconic dairy brand Amul that recently entered the US market. Amul has outlined plans for further expansion into major cities across the US and eventually into additional international markets.
The industrial sectorparticularly supply chain management, is facing unprecedented complexity. While Generative AI (GenAI) has shown promise, its limitations in planning, workflow automation, and dynamic adaptation necessitate a more sophisticated approach. Colin Masson, ARC Advisory Groups expert on Industrial AI.
Matt Hoffman, Vice President of Product and Industry Solutions, at John Galt Solutions One-number plans are bad plans. A probabilistic approach to planning would be better, but our supply chain tools have not supported this approach well. John Galt Solutions is an innovative supplier of supply chain planning solutions.
This eBook shares how supply chain leaders leverage their supply chain design software to tackle a variety of challenges and questions. Scenario analysis and optimization defined. Creating a strategic digital twin (digital representation) of your supply chain network. What's inside? Modeling your base case.
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