Thu.Jul 06, 2023

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Customers and Analysts Recognize ToolsGroup as a Supply Chain and Retail Planning Leader

ToolsGroup

ToolsGroup has a long history of innovating with our customers in mind. It’s why our team and our solutions have earned the recognition of so many industry experts. It’s also why so many of our customers are eager to share their supply chain success – and have even won awards of their own in partnership with ToolsGroup! Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supply chain decision making.

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Marijuana Supply Chain: Profits and Headaches

Logistics Viewpoints

The marijuana supply chain is an interesting market to follow. Like any agricultural product, there are ebbs and flows to its supply and demand. However, there is one caveat in the marijuana supply chain that makes things a bit trickier: in most states, cannabis products can only be sold and consumed within the state that the original plant was grown.

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ToolsGroup Announces Significant Enhancements To SO99+ in 2023

ToolsGroup

When ToolsGroup’s product team sat down to determine the roadmap for Service Optimizer 99+ (SO99+) going into 2023, three key themes quickly emerged: Expanding SO99’s overall visibility and transparency for our customers Better explaining what the solution does and why, all while improving overall usability Increasing the power of our back-end engines to drive better results to all users It was clear early on that we had a bevy of exciting capabilities – each mapping to one or more of these them

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The Future of Process Automation is Intelligent

Enterra Insights

We live in a data-driven world. Don’t believe it? Yossi Sheffi , Director of the MIT Center for Transportation & Logistics, insists, “The well-worn adage that a company’s most valuable asset is its people needs an update. Today, it’s not people but data that tops the asset value list for companies.”[1] Why is data so important? According to Biswanath Choudhary , Chief Operating Officer at SG Analytics, “In a data-driven world, we are expected to draw conclusions, make predictions

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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Keeping Supply Chains Free From Forced Labor

Supply Chain Brain

While it represents an important step toward combating forced labor and protecting human rights, the Uyghur Forced Labor Prevention Act has the side effect of increasing day-to-day complexity for importers.

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What Does AI Forecasting Look Like within Digital Supply Chain Planning?

QAD

Supply chain planning is a key component of digital supply chain management. It involves the process of identifying, sourcing, and allocating resources to create a product or service with a goal of better balancing supply chain demand. This process can be quite complicated as it often involves multiple steps across many different departments within an organization – collaboration across departments will give us more efficiency in our changing world.

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EnVista Launches Food Safety Compliance Strategy Service

Supply Chain Brain

The service will provide companies with access to enVista's customized supply chain tracking and tracing capabilities, enabling organizations to create detailed plans across all operations.

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Understanding How Smartphones Transformed Supply Chain Management

IT Supply Chain

By Ian Benson (pictured) Content Writer The post Understanding How Smartphones Transformed Supply Chain Management appeared first on IT Supply Chain.

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Podcast | Is Blockchain Green Enough for the Supply Chain?

Supply Chain Brain

A marketplace for recycled plastic is using blockchain for authenticating material origins. But is the technology sustainable enough for that purpose?

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Fulfillment Forecasting: The Keys to Successfully Aligning to Localized Customer Demand

BlueYonder

Market-based demand forecasting to help you predict localized demand and placement of inventory Retailers are facing increasing pressure to offer affordable, reliable, and frictionless customer experiences. With the acceleration of unified commerce, businesses must be able to leverage inventory to its fullest potential at every location within the network, and create engaging and convenient customer experiences.

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Supply and Demand: The Impact on Hiring in Supply Chain Organizations

Supply Chain Brain

Successfully scaling staff up and down requires careful planning, agility, and leveraging technology.

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Better Inventory Management for Utilities: Why You Need to Go Digital

AB&R

Better Inventory Management for Utilities: Why You Need to Go Digital By AB&R If you’re managing inventory and the supply chain for a utility, there are probably many parts, pieces of equipment and products you need to track and locate. But if you’re still tracking things manually with pencil and paper, or you’re relying on Bob—who knows where everything is in your warehouse or lay-down yard—you’re probably dealing with some inventory and supply chain headaches.

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How Machine Learning Optimizes the Supply Chain

TransAudit

The supply chain, an integral part of modern commerce, continues to evolve, learning from the impacts of industry trends and global events over the years. One of the most profound technologies influencing this evolution is machine learning (ML), a subset of artificial intelligence (AI) that’s proving instrumental in enhancing various areas of supply chain operations.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

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Global PMI Levels Contract in June 2023 with Warning Signs for Q3 Activity

Supply Chain Matters

Supply Chain Matters provides highlights and perspectives on reported June 2023 and Q2-2023 quarterly global and regional PMI indices. The June numbers signal renewed contraction of global wide production within global supply chain networks. The data further points to added warning signs that strongly suggest added contraction in the quarter to come.

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5 Effective Ways Warehouse Inventory Software Streamlines Supply Chain Operations

Tecsys

Solutions like warehouse inventory software offer critical capabilities that can effectively address these hurdles. Let's explore five ways this technology can enhance your operations.

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Revolutionizing the Beauty Industry: Amazon’s Global Beauty Store and Vinculum Group’s Impact on Beauty Brands

Vinculum

E-commerce giant Amazon has expanded its beauty category in India with the launch of the Global Beauty Store. This new store offers a curated collection of over 60 international beauty brands and more than 5,000 products. Customers can discover renowned brands like Paula’s Choice, Farmacy, Caudalie, Each product page provides detailed descriptions, ingredient lists, usage instructions, and customer reviews.

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MercuryGate Partners Help Deliver TMS for Small Business

MercuryGate

In an increasingly complex global logistics landscape, the need for innovative supply chain and transportation management solutions has never been greater. For many organizations, a TMS for small business can be that solution. The post MercuryGate Partners Help Deliver TMS for Small Business appeared first on MercuryGate International.

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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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Solvoyo Named as a Representative Vendor in 2023 Gartner® Market Guide and Vendor Identification Tool

Supply Chain Management and Analytics

We proudly announce that Solvoyo has been named a Representative Vendor in 2023 Gartner Market Guide for Retail Merchandise Planning and Vendor Identification tool for Retail Forecasting, Allocation and Replenishment Solutions. The vendor identification tool helps supply chain technology leaders to identify software providers with experience in their retail subsegments and with a presence in … Continue reading "Solvoyo Named as a Representative Vendor in 2023 Gartner® Market Guide and Vendor Id

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The Pursuit of Insolvency: Navigating Legal Frameworks and Strategic Considerations

IT Supply Chain

By John Hampton (pictured) Content Writer The post The Pursuit of Insolvency: Navigating Legal Frameworks and Strategic Considerations appeared first on IT Supply Chain.

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VIDEO: Coffee Brand Partners with Amware to Cut Fulfillment Costs 15%

Amware Logistics and Fulfillment

Four Sigmatic, the #1 mushroom coffee and protein brand, partnered with Amware Fulfillment to reduce its omnichannel fulfillment costs 15% and reduce its parcel shipping costs 4%.

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Cutting Out the Middle Mile: Using the Warehouse to Meet the Need for Speed in the Last Mile

Supply Chain Brain

In this environment, for retailers to compete, they need to give customers a full menu of delivery options to fit their preferences at the point of purchase, each and every time.

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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What Execs Should Actually Be Doing at Conferences

Elementum

There are at least 255 major convention centers in the U.S, and up to 40 million Americans attend business events every year. With all of this activity, and with upwards of $3B spent annually – or $657 per person per event on average – there must be good reasons for going. For Executives, who are constantly balancing priorities and making tradeoffs with their time, the reasons most often cited for attending conferences, according to a survey by GoodmanLantern are the following: 69%: Netwo

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EU Pushes Rules for Circular Economy for Textiles

Supply Chain Brain

The Commission hopes the rules will incentivize clothing companies to reduce waste and increase the circularity of textile products — designing better products from the start.

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Strategies to Drive Customers to Your Online Store

Saleswarp

In the competitive world of e-commerce, attracting organic traffic to your online store is crucial for success. Organic traffic refers to visitors who arrive at your website through search engine results or other unpaid sources. Unlike paid advertising, organic traffic is sustainable, cost-effective, and can lead to long-term customer relationships.

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U.S. Treasury Department Reportedly Urged Hong Kong to Curb Exports to Russia

Supply Chain Brain

U.S. officials asked banks and regulators to identify high-tech American items that were being shipped to Russia via Hong Kong, according to sources that spoke with Nikkei Asia.

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More Than 40 New Manufacturers Join Configura’s Platform in 2023

More than 40 manufacturers across the commercial interior, material handling, and kitchen and bath industries expand offers via Configura’s CET platform in 2023.

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Merchandise Inventory: A Quick Guide for Sellers

Unleashed

Correctly attributing costs is critical in inventory management because it directly affects your profitability. This article clearly defines one of the main types of inventory in a business: merchandise inventory. You’ll need to know about it to ensure your costs are accurate. We explore common merchandise inventory examples, methods for calculating it, and a few best-practice accounting tips.

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Saudi Arabia Hikes Its Oil Prices as Supply Cuts Extended

Supply Chain Brain

Saudi Aramco raised the prices of all grades to the U.S., northwest Europe and the Mediterranean, compared with July 2023, according to a price list seen by Bloomberg.

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Zero Trust security model: A modern approach to MFT

Axway

Managed file transfer (MFT) continues to be a mission-critical aspect of a business. But as MFT dynamics change, so does the conversation around security. The biggest takeaway: the Zero Trust security model is the path forward.