article thumbnail

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Machine learning and big data analytics augments critical roles in supply chain efficiency, problem solving and cost saving. Data acquisition and filtering and scenario analysis are time consuming practices in supply chain. Efficiency and cost management. This calls for an analytical thinking and decision-making mindset.

article thumbnail

Getting Inventory Right: Hope with Hype and Recycled Software?

Supply Chain Shaman

This includes LogicNet Plus, the Inventory and Product Flow Analyst and the Transportation Analyst products, as well as the related technology and support team. The LogicTools product was purchased for $15 million in 2007 by ILOG. These assets have gone through several acquisitions. At the time, there were 200 customers.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Managerial Practice Will Need to Catch up with the Emergence of Real-time Supply Chains

NC State SCRC

Real-time data is enabled by the emergence of cloud computing and mobile devices, which creates “big data” technology platforms that process higher volumes of internal and external data from multiple sources. Much of the data is “integrated” (e.g.,

article thumbnail

Reflections, Thank-you(s) and Rethinking the Future

Supply Chain Shaman

As growth slowed post 2007 recession, companies fought back. While the push in the back office was for efficiency–larger batch sizes, transactional processing, lower costs of transportation, and labor arbitrage strategies (Many companies outsourced the back office to India.)–the World Trade Intensity and Annual Growth.

article thumbnail

Building Outside-In Processes

Supply Chain Shaman

For example, in the recession of 2007, DuPont missed the downturn in the market. Use GPS, maps and weather signals to better predict arrival and route transportation assets. So, what are the market signals to model to forecast demand at the cadence of the market? How can you build market-driven forecasting processes? Where is the risk?

article thumbnail

50 Online Resources for Aspiring Supply Chain Scholars

Supply Chain Opz

See the real supply chain via Commodity Flow Survey Commodity Flow Survey is a survey conducted every 5 years (in the year ending in 2 and 7) by Bureau of the Census, Department of Commerce and Department of Transportation. The data is grouped by industry based on North American Industry Classification System (NAICS).

article thumbnail

When We Don’t Have Answers, We Need to Work Quickly To Build Them

Supply Chain Shaman

We started the pandemic with an average of twenty-one more days of inventory on average across industries than at the start of the 2007 recession. Does anyone want to wager with me how many of those ships have inventory that is not really needed in the supply chain? Could Outside-in Thinking Help? The reason?