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.

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.

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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.

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.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

Founded in 2002, Spinnaker is a supply chain services company that helps clients grow, manage risk, reduce costs, and improve customer service by developing world-class supply chain capabilities. PRESS RELEASE.

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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.

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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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!

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.

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.

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.

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.

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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.

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.

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.

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. 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.

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 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.

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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.

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.

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Load Tracking Now Available in Tailwind TMS with e4score Integration and Partnership

Tailwind

Since 2002, Tailwind has helped thousands of small and mid-sized trucking companies and freight brokerages improve their cash-flow, profitability, and better compete with the big players in the market.

The Hard Economics of Justifying a Digital Supply Chain Transformation!

Supply Chain Game Changer

Big companies tend to select an enterprise system for its core finance modules and the need – no, requirement – for a single version of the truth in accounting, as well as a chain of internal controls driven by the 2002 Sarbanes-Oxley Act. Subscribe Here! Email Address.

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.

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

KEPLER Consulting

Thesis, Northwestern University, 2002. Responding to the ever-changing expectations of consumers in a highly competitive digital economic environment involves having a solid, agile, and cost-effective Supply Chain.

Steel Tariff Proposition: Will It Work?

Elementum

This viewpoint is based on choices made by previous administrations: in 2002, for example, former U.S. After unsuccessful dialogue with China in April, the U.S.

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.

Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

The prosecution was brought by [the UK’s Civil Aviation Authority] under the air navigation (dangerous goods) regulations 2002. Last September, a jury at Southwark crown court in south London found Amazon guilty of shipping dangerous goods by air.

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

ToolsGroup

First a confession: I borrowed this blog’s title directly from Gartner Analyst Noha Tohamy and her recent research note Five Things Supply Chain Strategists Need to Know About Machine Learning. I couldn’t do better myself.

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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7 Supply Chain Cost Saving Ideas from SpaceX

Supply Chain Opz

In June 2002, Space Exploration Technologies Corporation or SpaceX was established with the goal to make the space launch service way cheaper. During the period of slow economic growth, many manufacturers have to deal with the cost pressure.

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.”

The Digital Twin is the Next Big Technology Enabler

Requis

Much later, in 2002, Michael Grieves of the University of Michigan used the concept of “mirrored systems” for a product lifecycle management course , and coined the term “digital twin” in a 2011 book on the topic.

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.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

” I have been studying the evolution of inventory technologies as an industry analyst since 2002. When it comes to the management of inventory in value chains, frustration abounds.

Throwback Thursday

Supply Chain Shaman

I dusted off a 2002 presentation from P&G to share with the audience. This week, as the east coast of the United States was deluged with rain, I basked in beautiful San Diego sun while attending the Logimed USA event.

Opinion: A Post-Covid 19 World for Supply Chains: Back to the Future?

6 River Systems

” However, as we saw in China after SARS in 2002, it’s possible that ‘normal’ won’t quite look like what we’re used to.