Remove 2007 Remove Forecasting Remove Tools Remove Warehousing
article thumbnail

It’s Not About Chatbots: Getting Real on AI Usage In Real Life Logistics (AI Popup #5)

Freightos

Recently, I was on a panel discussing AI in the supply chain industry, and much of the conversation revolved around its applications in forecasting. Immediately afterward, a group of experts privately argued that forecasting is precisely where AI models tend to hallucinate the most. Yes, I know that is bucking the trend.

article thumbnail

Winning strategies for distributors and manufacturers during an economic downturn

EazyStock

Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention. What the last recession taught us An article from McKinsey & Company (2022) analyzed the performance of about 40 publicly traded distribution companies during the 2007-2009 recession.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

The Logistics & Supply Chain Management Society

exact location of goods (on order, in transit, or in a warehouse)). Radio-Frequency Identification (RFID) enables self-monitoring tools to monitor and communicates their real-time performance. Products we infrequently order are not stored in regular Amazon warehouses. billion (based on 2018 sales). Customer Centricity.

article thumbnail

Spreadsheets – A Look Back

Kinaxis

They helped launch the personal computer, or PC, as a viable business tool. From our eBook, S&OP in the 21st century , “An audit of 50 corporate spreadsheets in 2007 revealed that 94% had errors… one for $100 million!” That could mean excess inventory sitting in a warehouse, gathering dust or depreciating.

article thumbnail

6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. By Maha Muzumdar. Original version published in APICS Extra , July 2010. Agility is the name of the game.

article thumbnail

Top Automotive Mobile Barcoding Software Success Stories

RFgen

Accurately forecasting inventory amounts for end customers or spare parts is even more challenging. technology like LGVs, robots/co-bots, and more for a connected warehouse. Automotive brand Aston Martin recalled a total of 17,590 cars, which equates to approximately 75 percent of the vehicles made between November 2007 and May 2012.

article thumbnail

Top 2016 Supply Chain Strategy Posts from the Supply Chain Link Blog

Arkieva

Three Steps to a Better Statistical Forecast Setup. Arkieva COO – Sujit Singh, outlines three essential steps to better statistical forecasting — simulate, measure, refine. She shared that her business had implemented a statistical forecasting package from one of the leading vendors during the previous year.