January, 2018

article thumbnail

Five Ways to Fix Statistics in Supply Chain Research

SCM Research

The p value debate has revealed that hypothesis testing is in crisis – also in our discipline! But what should we do now? Nature recently asked influential statisticians to recommend one change to improve science. Here are five answers: (1) Adjust for human cognition : Data analysis is not purely computational – it is a human behavior. So, we need to prevent cognitive mistakes. (2) Abandon statistical significance : Academia seems to like “statistical significance”, but P value thresholds

Research 228
article thumbnail

How to Prepare the Next Generation of Manufacturers

GlobalTranz

The manufacturing industry has always been a hotbed for innovation and advancement — but it relies heavily on the workers who have the skills and training to fill those jobs. Experts have predicted more than 2 million manufacturing jobs will go unoccupied during the next 10 years, as the baby boomer generation starts to retire. How can we help to prepare the industry for the next generation of manufacturers?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Things to Know About U.S.-Mexico Logistics

Talking Logistics

Trade flowing across the United States-Mexico border has grown exponentially since the North American Free Trade Agreement (NAFTA) was enacted in 1994. It has been further spurred by the trend of nearshoring over the last decade, as American companies have relocated their manufacturing facilities to Mexico to take advantage of a skilled workforce, improving infrastructure, and proximity to the United States.

Mexico 205
article thumbnail

Bright and Shiny Objects?

Supply Chain Shaman

This month, I traveled the globe helping companies understand the potential impact of technology innovation on the future of supply chain processes, I find the term “digital innovation” is a bit like tulip mania. How so? It is a fad sweeping across supply chain leadership teams. I am trying to help teams manage the hype and drive value. CIOs are rebranding as Digital Innovation Officers, and consultants are knocking down doors to sell digital innovation projects.

article thumbnail

Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

article thumbnail

Prices Set To Ramp Up For Chinese New Year: Freight Rate Update W2

Freightos

Prices Set To Ramp Up For Chinese New Year: Freight Rate Update Wk 2. By John Edmonds, Research & Marketing, Freightos. Weekly update article on the Freightos International Freight Index exploring rate trends and their driving forces. 2018 started with China-US ocean freight prices increasing by 27% as supply chains came back into full swing. Following brief dips last week, ocean and air freight prices will likely rise in the run-up to the Chinese New Year closedown.

Freight 192

More Trending

article thumbnail

2018: What Will It Look Like?

Supply Chain Insights

I hate prediction articles. However, this morning over coffee, my fingers hunger to write this post. I am not sure why. It may be that I am growing tired of hubris and market hype. I writhe in my seat at most conferences and count the number of times the word “digital” is used in presentations. I am often uncomfortable. Consultants and technology leaders are rebranding under a “digital umbrella” without clear definition.

article thumbnail

These are the 2018 Manufacturing Trends That will Drive 2.1% Growth In American Manufacturing

GlobalTranz

Manufacturing is on the cusp of an explosion in growth and innovation in 2018. Regulatory reform has been top-of-mind for supply chain executives and political leaders in the US since the 2016 election. The US energy industry is also awaiting changes in basic operating procedures, which are expected to dramatically reduce energy costs. These facts set the stage for exponential manufacturing growth in 2018.

article thumbnail

Trade promotion forecasting: the present and the near future

ToolsGroup

Trade promotion forecasting is difficult: getting it right involves factoring in many variables. Marketing people, who are often responsible for it, may excel at creating and running promotions. Forecasting demand data, not so much. This can leave supply chain professionals the tough job planning for, and responding to, promotions. To do this, the first hurdle is creating a good statistical baseline forecast.

article thumbnail

8 steps for a successful business case for your supply chain investments

Kinaxis

by Dr. Madhav Durbha Over the years I’ve had the opportunity to engage in or witness the process organizations go through to prepare business cases in support of supply chain investments, from the successfully crafted and executed, to those that fail to gain traction. Based on that experience, I wanted to share my eight most important pieces of advice for those being asked to prepare a business case for their supply chain investments.

article thumbnail

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.

article thumbnail

Your FMCG Supply Chain in 2018: 5 Problematic Predictions

Enchange Supply Chain Consultancy

Chris Rea has finally found the correct turn off, a lot of people in Africa still don’t know its Christmas and the novelty Santa toilet seat cover is back in the box. Oh, and chocolate Easter eggs are in the shops 4 months in advance. Christmas and the New Year holidays are well and truly over, and the clock is already ticking down on the month of January.

Africa 153
article thumbnail

3 things supply chain leaders can do to leverage talent for the digital supply chain

AIMMS

AIMMS has been active in the supply chain space for over 28 years. We’ve seen the evolution of the industry and its ongoing transformation , and have embarked on a transformation ourselves. The skills of the past are no longer sufficient to meet the demands of today’s complex, fast- moving digital environment , or prepare for the future.

article thumbnail

The Digital Freight Ecosystem Part 2: What’s Bringing Freight Online

Freightos

The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. By Zvi Schreiber, CEO, Freightos. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . However, despite formidable challenges, the logistics industry has been anything but stagnant.

Freight 137
article thumbnail

The Future is Now: Why these 5 Advanced Manufacturing Technologies Trends will Dominate 2018

GlobalTranz

Over the next two years, manufacturers are set to invest more than $250 billion in the Industrial Internet of Things (IIoT), and the use of technology to improve manufacturing will only increase. It is almost impossible to define the exact amount manufacturers will invest in technologies over the coming year, but they are moving toward more sustainable, cost-effective practices.

article thumbnail

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.

article thumbnail

Analysts Support a Single Model for Sales and Operations Planning

ToolsGroup

A new report from Nucleus Research, Value Drivers of Single Model S&OP , concludes that the historical disconnect between planning and execution in S&OP is best bridged by a single unified data model that allows companies to continuously synchronize their strategic, tactical and execution plans. In addition, “supply chain modeling” has become the highest priority in Gartner’s Market Ranking of S&OP Capabilities , displacing “collaboration support with internal stakeholders”.

Modeling 179
article thumbnail

Finance and supply chain operations: Can IBP bridge the gap?

Kinaxis

by Alexa Cheater It’s no secret these two groups don’t always see eye-to-eye. Finance and supply chain operations—both have a huge impact on your company’s bottom line, but oftentimes there’s conflict between these two organizations, especially when it comes to the numbers. Disparate data, siloed processes and discrepancies between the operational forecast and the corporate budget are all contributing factors.

article thumbnail

FMCG Supply Chain dates to remember: Advanced Planning

Enchange Supply Chain Consultancy

February is here but blink and you will miss it as it is not a leap year. You cannot change January performance and February should be quite firm by now, so you need to be looking further ahead in your S&OP. Much further ahead.

article thumbnail

Is Walmart’s OTIF Mandate Good News After All?

CHAINalytics

| By Pieter Bauwens | Principal, Europe | Chainalytics | How the new policy presents an opportunity for more fact-based decisions when interacting with retailers. Walmart signaled their new On-Time-In-Full (OTIF) policy in 2016, communicated its details in July 2017, and now requires full truckload (FTL) suppliers to comply with the policy 95% of the … The post Is Walmart’s OTIF Mandate Good News After All?

Policies 121
article thumbnail

Strategic Cost Management Approaches to Unlock Growth and Increase Profitability

How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations? The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. Discover how these strategies can boost your enterprise's financial health, helping not only to keep up but to excel in today's market.

article thumbnail

Takeaways from SMC3 Jump Start 2018 Conference

Talking Logistics

The 2018 supply chain conference season kicked off for me last week. I gave a keynote presentation on emerging technologies (drones, driverless trucks, 3D printing, blockchain, etc.) at the SMC3 Jump Start 2018 conference in Atlanta, GA. Unlike most industry conferences, which are crammed like sardines into the month of May, this one is always in January and it spotlights the trends and topics that are top of mind for supply chain and logistics executives heading into the new year.

article thumbnail

Three Key Trends In Logistics E-Commerce

GlobalTranz

With the increase in the popularity of e-shops and delivery companies, the logistics e-commerce business keeps growing. It faces more and more challenges, as the customers need companies to be quick and increase their logistics performance more than ever before. What does it mean for your business? This fact explains why understanding and following the key trends in logistics e-commerce are crucial for organizations that want to save their place in the supply chain and get better results with le

article thumbnail

Is it Time for Businesses to Rethink Path to Customer Satisfaction?

Logistics Viewpoints

Books have been written, tools like Six Sigma have been embraced, and most people seem to agree that companies retain customers by providing good service and poor customer service results in lost business. Further, the cost of acquiring new customers is much higher than maintaining positive relationships with existing customers. Data consistently supports these theories.

Six Sigma 107
article thumbnail

2018: The Winter Olympics, a royal wedding, space exploration and, of course, big supply chain planning events

Kinaxis

by Teresa Chiykowski As we bid farewell to 2017 and usher in a new year, what can we expect to see in 2018? As per usual, folks will flock to the gym in record numbers to burn off those extra holiday pounds and then, all too soon, workouts will become a distant memory (These are “January people” according to an article in the Huffington Post ). I know this to be fact because I am a January people.

article thumbnail

The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

article thumbnail

Your FMCG Supply Chain: The end of January is nigh!

Enchange Supply Chain Consultancy

Where has that first post-holiday month gone? Suddenly it’s the 24 th of January and there are only 7 calendar days and 5 working days until you close the month. Adopt panic stations despite what Corporal Jones of Dad’s Army would say.

article thumbnail

Are Inefficient Practices Affecting Your Supply Chain?

CHAINalytics

| By Jacqueline Quirk | Consultant, Supply Chain Operations | Chainalytics | Accelerated growth and expansion of your portfolio are often considered factors of success for your business. Yet, this success is not exempt from growing pains, especially as it pertains to your warehousing and product distribution.

article thumbnail

How Disruptive is Global E-Commerce? More Than You Think

Talking Logistics

It only takes a simple example to remind you how e-commerce continues to evolve and the potential it has to disrupt traditional markets, supply chains and even governments. Let me tell you how international e-commerce is changing one buying pattern and why it will reshape global logistics operations and government import regulations. The moral to the story is that significant e-commerce change doesn’t always start with a big bang, but failure to see change coming can leave many companies at a co

Global 126
article thumbnail

Lost Warehouse Inventory? What to Do and When to Write It Off

GlobalTranz

No one wants to think about lost warehouse inventory, and it can be organizationally frustrating to determine the best process to find, research, and rectify inventory discrepancies. One of the primary reasons a company implements a warehouse management system (WMS) is to know the exact location of their inventory; if the inventory is not there, one might think it is easy to just write that inventory off the books.

article thumbnail

How to Conduct Workplace Incident Investigations to Create Safer Workplaces

This white paper provides a comprehensive overview of global workplace incident trends, focusing on the top three biases leading to such incidents. It also highlights the significance of CSA Z1005 as a risk management standard and outlines the ROI of thorough incident investigations, covering emergency response to post-incident interviews. Additionally, it introduces an Investigation Evidence Gathering Matrix.

article thumbnail

This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

In yet another impressive comeback, the New England Patriots topped the Jacksonville Jaguars 24-20 in the AFC title game to move on to their 10th Super Bowl, and 8th in the Belichick – Brady era. They will meet the Philadelphia Eagles, who crushed the Minnesota Vikings 38-7 in the NFC title game, a week from Sunday in Minneapolis, MN. Logistically, hosting the Super Bowl is no easy feat, given everything that goes into it.

article thumbnail

Making Cents Out of Demand Sensing

Logility

As a supply chain professional, we need to consider how actions in one part of the supply chain affect both upstream and downstream operations. This is especially true for those that work in and manage the demand planning process. Sometimes demand planners focus too much on forecast accuracy and miss seeing the forest for the trees. I was guilty of this from time to time when I led a demand-planning group because we were evaluated on forecast accuracy as one of our key metrics.

article thumbnail

FMCG Supply Chain: What is your 2018 Planning Priority?

Enchange Supply Chain Consultancy

We already find ourselves at 17 th January so not many days left to ensure your monthly top and bottom lines are on target. Good luck with that if your business (& body!) is only just shaking off the holiday excesses. What is top of mind? The sagging month to date sales rate? The slow return to normal of the S&OP meeting schedule? The upcoming corporate audit?