Big Data Analytics are Better than Intuition

Enterra Insights

According to Daniel Kahneman, winner of the 2002 Nobel Prize in Economics, “Intuition works less often than we think.”[1] ”[1] He … Continued. The post Big Data Analytics are Better than Intuition appeared first on Enterra Solutions. Artificial Intelligence Best Practices Big Data Business Cognitive Computing digital enterprise Supply Chain Technology Web/Internet Enterra Solutions Internet Stephen DeAngelis

Omni-Channel’s Ripple Effect on Transportation

Logistics Viewpoints

Indeed, by 2002, Best Buy was saying more than half of its customers were checking its website before coming to the store. When Transportation Optimization and New Shopping Behaviors Collide One needs to go back to the early 2000s to see green shoots of modern omni-channel retail. While web-based e-commerce began in the late 90s, consumer and retailer appetites didn’t get whetted for omni-channel experiences until the early part of the last decade.

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Distribution Outlook: 2018

Supply Chain Link

Warehouses today have doubled in size compared to 2002; however, even with larger distribution centers (DCs), the distribution market. In the third quarter of 2017, Prologis reported that consumer activity reached its highest level since 2014 1. As consumers continue to shop in 2018, shippers are considering new solutions within distribution to quickly reach their customers.

E2open Demand Sensing Application

E2open

E2open’s Demand Sensing application is a next-generation forecasting technology invented by E2open in 2002, it analyzes current demand signals such as orders, shipments and retailer data like point-of-sale, to predict the most likely amount of future demand for every item, at every location, every day.

Fisher’s Supply Chain–Product Match/Mismatch Framework

SCM Research

Extensions of the framework exist, for example by Lee (2002) , who adds a “supply” dimension, and more recently Gligor (2017) , who argues that “benefits generated by perfect supply chain fit might be offset by the resources deployed to achieve that fit” Research presented by Perez-Franco et al. I have used Fisher’s (1997) supply chain–product match/mismatch framework ( What Is the Right Supply Chain for Your Product? ) in my teaching for years!

Oracle Cloud the right accessory to support Kendra Scott’s growth

Manufacturing & Logistics IT

In 2002, designer, philanthropist Kendra Scott took the jewelry world by storm with her fresh, fun designs and personal touch with customers

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Tackling Item Complexity

Supply Chain Shaman

The process helped World Kitchen manage inventories through bankruptcy filing in 2002. In 2002, World Kitchen implemented a disciplined process for managing product complexity. Personalization. Market microsegmentation. New product launch. There are many good reasons to add items to product portfolios, but companies are better at adding than eliminating items. Discontinuing products is a struggle with tension between supply chain and marketing functions.

Laboratory Experiments in Supply Chain Research

SCM Research

Smith was awarded the 2002 Nobel Memorial Prize in Economic Sciences “for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms” In its recent issue, the Journal of Business Logistics had the great privilege to publish an article by Cary Deck and him, in which these ideas were applied to our field: Using Laboratory Experiments in Logistics and Supply Chain Research.

What does increasing regulatory oversight mean for the pharma supply chain?

The Network Effect

Within a decade, the number of FDA warning letters sent to medical device manufacturers has increased threefold, from 61 letters in 2002 to 181 in 2012 (EC A 2012). Due to more complex supply chains, policy makers worldwide are enforcing stricter regulations for manufacturing and logistics.

Axway and OneHealthPort: A Wonderful Success Story

Axway

As Washington State’s Health Information Exchange ( HIE ) which was founded in 2002, OneHealthPort works to solve information … Customer experience Healthcare success story

Why the West Coast Ports Labor Dispute Matters to Retailers

The Network Effect

Shippers still bear the scars from the disastrous 2002 work stoppage and have countermeasures in-place to avoid major disruption. By Chris Ferrell. Director, Tompkins Supply Chain Consortium. Retailers are paying close attention to labor disputes threatening to bring a stop to imports coming in to West Coast ports.

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Inventory Management: We Can Do Better

Supply Chain Shaman

We were better at factory scheduling in 2002 that we are currently. Each day through the COVID-19 pandemic, I tune into Anthony Cuomo’s (governor of New York) daily briefings. It is my break in the day. As a multi-tasker, when Governor Cuomo broadcasts, I use the time to work out on my rowing machine. His opening line is, “Let’s start with facts. While we all have opinions, let’s start by reviewing the facts.”

Building the Network of Networks. Call for Action. Want to Help?

Supply Chain Insights

When I joined the Advisory Services Group in Supply Chain at the Gartner Group in 2002, the concept of trading exchanges was exploding. Computing memory was a barrier in 2002. In the 1980s commercial internet providers evolved. In 2001 Steve Jobs put 1000 songs in our pocket. And steadily, over the last three decades, mobile phones changed the pace of business. In the process, the banks got bigger and business networks grew more complex.

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Clouds: A Beautiful Thing for Sure!

Supply Chain Shaman

In 2002, there was no interest. As a result, Steelwedge looks very different today than when I first met them in 2002. I have been an analyst for over a decade. Two years at Gartner Group , six years at AMR Research (now Gartner), two years at Altimeter Group and three years as the founder of Supply Chain Insights. Over this period, I have watched the acceptance of cloud-based supply chain solutions evolve.

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Not All Digital Twins are Created Equal

DELMIA Quintiq

The concept of a digital twin has been around since 2002, first introduced by Dr. Michael Grieves as part of his research agenda at the University of Michigan. He had a vision that a Digital Twin could be created as a virtual representation of a physical product. Today’s technology, including the Internet of Things, advanced simulation, and highly sophisticated laser scanners, can now create a digital representation of almost any physical object. But, are all Digital Twins created equal?

What’s New with MMOG/LE Version 5?

QAD

The MMOG/LE assessment has been a go-to document for automotive supply chain best practices for thousands of global Tier 1 and Tier 2 suppliers since its first publication in 2002. Although the Excel-based MMOG/LE assessment tool has served the industry since 2002, it was time to update it to a more modern application. What is MMOG/LE?

IT gap in logistics

Supply Chain Movement

In 2002, only 27 percent of shippers (clients who outsource their logistics activities) were satisfied with their logistics suppliers’ IT expertise, even though IT was an essential element of 89 percent of those logistics activities. Are logistics service providers really moving with the times when it comes to IT? I sometimes wonder.

Blockchain: Preventing E. Coli Through Enhanced Traceability

Kinaxis

Bioterrorism Act of 2002 (mandating that businesses keep records of the prior handler and the next handler) and the Food Safety and Modernization Act, food is still very hard to trace. by All By: APICS CEO Abe Eshkenazi, CSCP, CPA, CAE. This article was originally published on apics.org, and is repubished with permission.

This Week in Logistics News (June 23-27, 2014)

Talking Logistics

The last shutdown occurred in the fall of 2002, as retailers were preparing for the Christmas holiday period. If you haven’t been preparing for this risk, ideally since the end of the last shutdown in 2002, there’s very little you can do now at the 11th hour. Although the World Cup is dominating the sports news these days, something else caught my attention this week.

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WMS Selection: What Drives an Investment in a Warehouse Management System? 5 Considerations

Cerasis

A 2002 Material Handling and Logistics magazine article cited multiple problems with WMS implementation. The demand for seamlessness in omni-channel supply chains increases more as time progresses. Companies are looking for ways to stay competitive and meet the demands of their customers. In reality, this means keeping costs as low as possible and still offering more products across more devices and shopping options.

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Delivering Shoes to Children in Need Using Enhanced Inventory Visibility

Logistics Viewpoints

The organization was founded in 2002 in response to the growing need for basic supplies in impoverished nations. Shortly before the holiday break, I had the privilege of speaking with Manny Ohonme, Founder and President of Samaritan’s Feet. Samaritan’s Feet is a non-profit organization that, in their words, “shares a message of hope and love through washing the feet of impoverished children around the world and adorning them with new shoes.”

Amazon Takes On the Fashion Supply Chain

Elementum

It has been selling apparel since 2002, and has slowly been making further in-roads to the fashion industry. Almost anything is available on Amazon—now get ready to wear their clothes. The e-commerce giant recently launched 1,800 fashion products, under seven trademarked brand names, ranging from men's suits to children's apparel to women's clothing. Hoping to To Fill Gaps. Amazon is not new to fashion.

Building the Network of Networks. Call for Action. Want to Help?

Supply Chain Shaman

When I joined the Advisory Services Group in Supply Chain at the Gartner Group in 2002, the concept of trading exchanges was exploding. Computing memory was a barrier in 2002. In the 1980s, commercial internet providers evolved. In 2001, Steve Jobs put 1000 songs in our pocket; and steadily, over the last three decades mobile phones changed the pace of business. In the process, the banks got bigger and business networks grew more complex.

Canadian Ports: A Fast Lane for Asia-U.S. Imports?

Talking Logistics

There was the infamous 11-day shutdown in 2002 , and just two years ago, 800 clerical workers at the ports of Los Angeles and Long Beach went on strike , shutting down the ports for eight days and costing the region’s economy about $8 billion. While the delays at the U.S.

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How Proper Label Controls Can Help Your Manufacturing Plant

IQMS

You’ve heard the labeling horror story, now let’s take a look at a success story from an IQMS customer: Custom Profile is a profile extruder based in Grand Rapids, Michigan and has been an IQMS customer since 2002. From nutrition labels to warning labels and address labels to shipping labels, those sticky pieces of paper are pervasive in our everyday lives.

Finally – A breakthrough alternative to spreadsheets for managing your Supply Chain

AIMMS

When SAP launched APO in 2002, the optimization technologies were inferior to most best-of-breed technologies in the market. For most enterprise companies, ERP has become a foundational infrastructure technology and a cost of doing business. However, many are finding that it is not the optimal technology for Supply Chain Planning and Optimization. This has led to usage of spreadsheets to help fill in the gaps. But spreadsheets come with new challenges.

Why Our Goal Should Not Be an Integrated Supply Chain

Supply Chain Shaman

In 2002 I worked for Gartner Group in the business applications practice. This week I spoke at an SAS Global Analytics Summit on the connected supply chain. In my view, the connected supply chain is very, very different from the integrated supply chain. Here, in this blog post, I want to provoke teams to think through the differences, and really question what they are asking for. Some History. This was in the heyday of Enterprise Resource Planning (ERP) technologies.

Ready For the Next Port Crisis?

Talking Logistics

Those same words were said when the ports were shut down for 10 days in 2002 , and again in December 2012 when 600 clerks went on strike , shutting down the ports of Los Angeles and Long Beach for 8 days. The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) reached a tentative new 5-year agreement late on Friday, so the West Coast ports resumed full operations this past weekend. But there’s little time to celebrate.

A Lockout Looms for the ILWU: Why it Might Happen, and What it Means for the Nation

CH Robinson Transportfolio

This is similar to what happened in 2002. At that time, the ILWU had been working without a contract since September 1, 2002. On September 29, 2002, the PMA accused the ILWU of engaging in a slowdown during contract negotiation and locked them out. President Bush successfully invoked Taft-Hartley in 2002 after 10 days of lockout. While it’s not an act widely popular to the ILWU, it successfully brought an agreement between the PMA and ILWU back in 2002.

Steel Tariff Proposition: Will It Work?

Elementum

This viewpoint is based on choices made by previous administrations: in 2002, for example, former U.S. President Bush imposed tariffs of up to 30% on steel imported from Japan and the European Union (EU) which cost 200,000 jobs in steel-involved industries, with the unemployment rate being at 6% by the end of 2002. After unsuccessful dialogue with China in April, the U.S.

Say Customer Service and Mean It

Supply Chain Shaman

Slowly the company built a supporting supply chain to support 400 retail stores by 2002. In my work with clients, customers bandy about the term “customer-centric supply chain.” ” I find most of these discussions are loquacious, even bellicose, but not actionable.

Why I Chose RedPrairie

Longbow Advantage

In 2002 I was married (still am!), with 3 children. And I quit my job as Vice President of Information Technology of a major 3PL in Canada. RedPrairie WMS Longbow Advantage RedPrairie MOCA

The worst Supply Chain practices must be confessed and not only by constraint

KEPLER Consulting

2000); Cachon and Larivière (2001); and Zhao (2002)) show that when demand and stock information is shared, this results in a significant reduction in stocks and costs Absence of systematic summary sharing of fixed supplier orders: just like the previous one, the implementation of this communication makes it possible to comfort the supplier about their production and supply plan. Thesis, Northwestern University, 2002.

Post-pandemic Supply Chains

Enterra Insights

Tan points out, when the SARS, or severe acute respiratory syndrome, epidemic broke out in 2002 and 2003, “China contributed 4% to the world’s GDP. “As countries shut down, stock markets crumble and economic activity slows to a crawl,” writes Yossi Sheffi ( @YossiSheffi ), the Elisha Gray II Professor of Engineering Systems at the Massachusetts Institute of Technology, “it is hard to believe that in a few months the coronavirus crisis may be over.”[1]

Five Things You Need to Know About Machine Learning for Supply Chain Planning

ToolsGroup

Daniel Kahneman , who shared t he 2002 Nobel Prize in Economic Sciences, wrote in his book Thinking, Fast and Slo w that “Statistical algorithms greatly outdo humans in noisy environments for two reasons: they are more likely than human judges to detect weakly valid cues and much more likely to maintain a modest level of accuracy by using such cues consistently.”.