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Smart Supply Chain – What is it and why do you need it?

TPSynergy

The Importance of a Connected Supply Chain. Most companies rely on traditional processes to ensure the gap between demand and supply is as small as possible. This entire process, however, is prone to delays and miscalculations, all of which could upset the balance between supply and demand. Challenges with Implementation.

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Trends 2024: Artificial Intelligence

Enterra Insights

Tech writer Oluwademilade Afolabi explains, “Artificial intelligence hallucination occurs when an AI model generates outputs different from what is expected. … A ChatGPT hallucination would result in the bot giving you an incorrect fact with some assertion, such that you would naturally take such facts as truth.

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Outside-in planning: a big elephant that needs a bite-size approach

Supply Chain Trend

It is not new in supply chain management either. Lee’s uncertainty framework (2002) shows how segment your supply chain in demand streams and how to define your supply chain response to that. If you critically think through it, the full scope of outside-in planning is a it of an elephant.

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Is Industry 4.0 a Smart Way Forward?

Enterra Insights

is the smart factory. Not everyone, however, believes the smart factory is a good idea. Blue , President & CEO of Miller Ingenuity, insists smart manufacturing is a dumb idea. “Smart manufacturing has been all the rage in the last few years,” he writes. I did find the term “smart manufacturing.”

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Holding Ourselves Accountable for Business Results

Supply Chain Shaman

To get where you are going, you have toe see where you are…. As a guest writer for Forbes, public relations firms constantly pepper me with requests to speak to technologists boasting of having answers to improve supply chain resilience. I am amazed that smart people can be so SURE they have the answer.

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7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. The 2021 supply chain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues.

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Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek.