Enterra Insights

Trends and Predictions 2020: Big Data

Enterra Insights

For many companies, dealing with the implementation of the California Consumer Privacy Act (CCPA), formally known as AB 375, will be the biggest big data story of the year.[1] 1] The CCPA is a big deal because many companies have dealings in California and more and more companies leverage big data to target consumers.

Omnichannel Focus on BOPIS

Enterra Insights

In the culinary world, Bopis is a spicy Filipino dish made from minced pig’s lungs and heart. In the retail world, BOPIS stands for Buy Online Pick-up In Store and for some retailers it has become the heart of their omnichannel strategy. The folks at Parcel Pending explain, “While you may have heard of BOPIS, you might not have a clear idea of what it really is. At a basic level, BOPIS is fairly straightforward.

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Trends and Predictions 2020: Artificial Intelligence

Enterra Insights

Already widespread, artificial intelligence (AI) is poised to make a huge impact in the world. Lori Webber ( @lfwebber ), chief marketing officer of IBM Watson Supply Chain, states AI is “perhaps the most transformative [technology] of our era.”[1] ”[1] AI’s impact will be the result of its ubiquity and its capabilities.

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Solar Eclipses and Supply Chain Risk Management

Enterra Insights

Today, much of the United States will experience a total solar eclipse. That hasn’t happened for nearly 100 years. Because … Continued. The post Solar Eclipses and Supply Chain Risk Management appeared first on Enterra Solutions. Business Risk Management Supply Chain Enterra Solutions Stephen DeAngelis

How is Demand Forecasting changing? How do you compare to your peers?

AIMMS conducted research to assess how supply chain teams perceive the accuracy of their forecast and discover the tools and techniques they are using to upgrade the forecasting process. In this report, you will find helpful benchmarks and insights offered by your peers on the latest demand forecasting techniques, forecast granularity and periodicity, and expectations for the future.

Trends and Predictions 2020: Technology

Enterra Insights

The late futurist and science fiction writer Arthur C. Clarke, once wrote, “Any sufficiently advanced technology is indistinguishable from magic.” ” Imagine what pioneers crossing America’s plains on foot, horseback, and/or wagon would think about today’s automobiles and aircraft. Magic. Other “magical” technologies would be mobile phones, satellites, and the Internet.

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The Long and the Short of Last Mile Delivery

Enterra Insights

In logistics, the “last mile” is a euphemism for the effort it takes to get a product or service delivered to its final destination. Historically, the last mile involved delivering goods to stores, where customers would shop and take items home. In today’s omnichannel world, the last mile can lead almost anywhere.

Riding Artificial Intelligence to a Brighter Business Future

Enterra Insights

Artificial Intelligence (AI) has become a science fiction bogeyman and, for some people, it generates a sense of unease about the future. Most of that unease is about artificial general intelligence platforms — which don’t yet exist. The most common form of AI today is incapable of taking over the world; however, it can make your business future brighter. We are still in the early years of the Digital Age and companies are still wrestling with how they must transform to thrive.

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Trends 2020: An Overview

Enterra Insights

To really know what’s happening in a given arena of human or economic activity, you must take a deep dive. The platform off of which you dive, however, is the broader world stage. An understanding of larger global trends (i.e., trends driving the world into the future) is essential to making informed decisions. Former U.S. President Bill Clinton once stated, “Follow the trend lines, not the headlines.”

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Cognitive Technology and the Digital Supply Chain

Enterra Insights

Numerous articles discussing digital supply chains also discuss how cognitive technologies (e.g., artificial intelligence (AI), cognitive computing, and machine learning) play a vital role in digital strategies. The staff at HERE Technologies explains, “The word ‘cognitive’ comes from the Greek word for ‘knowledge’ (gnosis). Significantly, it has a ‘co’ in the front, implying the notion of collaboration.

5 Perceptions on Demand Forecasting and How it's Changing

Speaker: Brian Dooley, Director SC Navigator, AIMMS

It’s no secret that demand is getting more difficult to predict. Is your demand forecasting process evolving with the times? How does your process stack up against others? Are you satisfied with your level of forecast accuracy? This webinar shares research findings from a recent survey among supply chain planning professionals to help you answer these questions.

The Returning Season

Enterra Insights

The holiday shopping season actually ends with the holiday returns season. Matt Guasco ( @mattpguasco ), President of INF Marketing and Logistics, explains, “With the rise in e-commerce has come an annual torrent of post-holiday returns. Millions of packages that flowed one-way through the supply chain to the consumer must now be turned and move back through the supply chain to the appropriate destination. No easy task for a logistics system largely built to deliver.”[1]

You Can’t Play Ostrich with Supply Chain Risks

Enterra Insights

The late George Alfred Carman, a leading English barrister, once stated of acquaintance, “He behaved like an ostrich and put his head in the sand, thereby exposing his thinking parts.”[1] ”[1] Companies who metaphorically bury their heads in the sand rather than confront supply chain risks are also exposing their thinking parts.

Manufacturers, Technology, and the Digital Age

Enterra Insights

Manufacturers have historically found themselves at the cutting edge of technological advances. The term “industrial revolution” pays homage to this fact. It’s surprising, then, to read stories encouraging manufacturers to jump aboard the Digital Age technology bandwagon. You wouldn’t think encouragement would be required.

Industrial IoT: Supporters and Skeptics

Enterra Insights

Much of what people read or hear about the Internet of Things (IoT) pertains to non-commercial home usage, like smart doorbells, smart lights, smart thermostats, and so forth. As cool as those “things” are, the Industrial Internet of Things (IIoT) is more important for the economy.

Top 5 Barriers to Supply Chain Network Design Adoption and How to Overcome Them

Speaker: Brian Dooley, Director SC Navigator, AIMMS, and Paul van Nierop, Supply Chain Planning Specialist, AIMMS

Want to build your internal capability, reduce costs and make better decisions? It's easier than you think. This on-demand webinar shares research findings from Supply Chain Insights, including the top 5 obstacles that bog you down when trying to improve your network design efforts.

Artificial Intelligence and Omnichannel Operations

Enterra Insights

Many analysts believe the future of retail rests on the shoulders of omnichannel operations powered by artificial intelligence (AI). James D’Arezzo, CEO of Condusiv Technologies, writes, “Any retailer that wants to be competitive knows it must offer a seamless omnichannel experience to its customers.”[1]

Digital Path to Purchase Decreases Retailers’ Reliance on Holiday Shopping

Enterra Insights

Traditionally the holiday shopping season has been a make-or-break time for retailers. It’s still important, but Lauren Thomas ( @laurenthomas ) reports, “Coresight Research … says the holiday season is becoming ‘less important’ for retailers, with more shopping taking place online throughout the year. … It said the holiday season accounted for almost 24% of all retailers’ sales in the late 1990s, but is closer to 21% today.

In Divisive Times, We’re Still United by the Food Supply Chain

Enterra Insights

The United States as well as the broader world appear more divisive every day. Yet one economic sector — food and drink — helps bring people together. “America is a big place,” writes Mike Pomranz ( @pomranz ). “But according to a recent study out of the University of Illinois, even if you have never traveled around the United States, the food you eat (or at least elements of it) certainly has.”[1]

The Supply Chain has Big Aspirations for Blockchain

Enterra Insights

An aspiration is a hope or an ambition of achieving something. Another way of stating that is aspiration is desire mixed with reality. At the moment, blockchain technology seems to fit into the aspirational category. Roberto Torres ( @TorresLuzardo ) reports, “In its 2019 Hype Cycle for Blockchain Technologies, Gartner found most blockchain technologies remain stuck in an ‘experimentation mode.’

Buyer's Guide for Supply Chain Network Design Software

Network design as a discipline is complex and too many businesses are still relying on spreadsheets to design and optimize their supply chain. As a result, most organizations struggle to answer network design questions or test hypotheses in weeks, when results are demanded in hours. This Buyer’s Guide helps you find easy-to-use technology to become more proactive and less reactive when it comes to network design and optimization.

Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

How often have you wished you could glance into a crystal ball and see the future? If we could know the outcomes of today’s decisions, we would be better equipped to make them. The late Mahatma Gandhi once said, “The future depends on what you do today.” ” He was correct. Business leaders must constantly make decisions and the better decisions they make the better the outcomes. Bain analysts, Michael C.

Privacy and Ownership Issues Remain Hot Big Data Topics

Enterra Insights

According to The Economist , “The world’s most valuable resource is no longer oil, but data. … Smartphones and the internet have made data abundant, ubiquitous and far more valuable. Whether you are going for a run, watching TV or even just sitting in traffic, virtually every activity creates a digital trace — more raw material for the data distilleries.”[1]

Supply Chain Planning in the Digital Age

Enterra Insights

In 2017, Gartner introduced a Supply Chain Planning Maturity Model with five planning stages. In the lowest stage (Stage 1), supply chain planning is inside-out, fragmented, local, unconstrained, and focused on revenue. In Stage 2, supply chain planning remains inside-out but achieves functional scale, local optimization, and focuses on reducing costs. Stage 3 straddles the line between inside-out and outside-in planning.

Supply Chain’s Must Adapt Before Global Conditions Change

Enterra Insights

VUCA is a term first used in the military that started creeping into supply chain discussions several years ago. The acronym stands for Volatility, Uncertainty, Complexity, and Ambiguity and it certainly describes the world in which we live. Back in 2011, supply chain analyst Trevor Miles ( @milesahead ) noted there is a similar sounding word supply chain managers should associate with VUCA.

The 2018 Supply Chain Software Buyer's Guide

Learn which supply chain applications are the best for your organization.

Supply Chain Sustainability and Business Success

Enterra Insights

Some people view sustainability efforts as tree hugging idealism and some business executives perceive sustainability efforts as wastes of money. Both views are short-sighted. Bloomberg reports a new analysis by University College London researchers concludes, “If the U.S. wants to extend economic growth, it should double down on cleaning up the environment and fighting climate change, which are fueling both jobs and revenue.”[1]

Is Technology Revolutionizing or Simply Changing Logistics?

Enterra Insights

Humans are prone to exaggerate, use hyperbole, and/or sensationalize to gain attention. The term “revolutionize” is often used in such a way. According to the Cambridge Dictionary , to revolutionize something is “to make a big change or improvement to the way something works or looks, or to the way that people do a particular activity.”[1] ”[1] Many pundits claim new technologies are revolutionizing or transforming logistics.

Smart Cities Need Smart Logistics Policies

Enterra Insights

Traffic congestion in cities can be a nightmare. It’s an age-old problem made worse by modern modes of transportation. Over a decade ago, Anthony Downs, a real estate finance expert, wrote, “Rising traffic congestion is an inescapable condition in large and growing metropolitan areas across the world, from Los Angeles to Tokyo, from Cairo to Sao Paolo. Peak-hour traffic congestion is an inherent result of the way modern societies operate.

Whatever You Want to Call It, Omnichannel is All About the Customer

Enterra Insights

In a recent article, Jason Rosing ( @JasonRosing ), a founding partner of Veridian, asked a surprising question, “Is omnichannel dead, dying, or thriving?”[1] ”[1] Rosing knows his question might surprise some readers. After all, he notes, “Omnichannel is everywhere!” ” He also observes that some people in supply chain circles insist, “[If your company doesn’t embrace omnichannel operations,] you are going to go bankrupt.”

Leveraging Supply Chain Data for Competitive Advantage

What does it mean to become a digital business or digital supply chain?

Independence Day 2019

Enterra Insights

Most countries around the world set aside a special day to celebrate their national identity. Such celebrations are aimed at bringing people together to recall history and celebrate shared values. In America, that day is the 4th of July.

Digital Supply Chain Transformation Still in Early Stages

Enterra Insights

Former IBM executive Irving Wladawsky-Berger traces the origins of the Digital Age to the release of the Netscape browser in December 1994.[1] 1] Although a quarter century sounds like sufficient time for organizations to adjust to this new age, most analysts believe we remain in the formative years of digitization. Supply chain expert Mike Mortson ( @mmortson ) believes it’s still fair to ask, “What is the digital supply chain?”[2]

Supply Chain-Enhanced Customer Experience

Enterra Insights

Although the connection between great customer experience and a world-class supply chain is obvious, customer experience is not the first thing that pops into most peoples’ minds when they hear the term “supply chain.” ” According to Phil Britt ( @Phil_Britt ), supply chain professionals are among the few people who regularly make the connection between customer service and the supply chain.

Blockchain’s Hype, Hopes, and Hurdles, Part 1

Enterra Insights

As a technology, blockchain remains in its very early stages. For that reason alone, pundits are writing a lot about blockchain’s hypes, hopes, and hurdles. Blockchain expectations are especially high in the supply chain arena. Christopher Hamman ( @tikaridemigod ) writes, “Valued at $8.1 trillion today, the global supply chain and logistics industry is the backbone of our global economy.

The Beyond Belief Impacts of VUCA on Supply Chains and Commerce

Speaker: Jim Tompkins, Chairman and CEO at Tompkins International

We are fortunate to have Dr. James A. Tompkins, one of the world’s leading supply chain thought leaders, to address the impacts of VUCA on today’s supply chains and commerce. Jim recently stated that “the impacts of digital commerce on supply chains and commerce are far greater than the ending of the Cold War in 1991. The lifting of the Iron Curtain was minuscule when compared to the impacts of VUCA on how business works and how people live.”

The Supply Chain is “Going to the Chapel” with the Internet of Things

Enterra Insights

In the mid-1960s, the Dixie Cups released their hit tune “Chapel of Love” and accomplished the unthinkable — they dislodged a Beatles hit from the top of the Billboard Chart. The opening lyrics to that song are: Goin’ to the chapel and we’re gonna get married. Goin’ to the chapel and we’re gonna get married. Gee, I really love you. And we’re gonna get married. Goin’ to the chapel of love.