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I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions.
Supplychain disruptions have become a persistent operational risk. Traditional supplychain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. Amazon is a leader in AI-driven supplychain management.
SupplyChain & Logistics News Round-Up (October 7th – 11th) This past week, I’ve been playing tourist in London, one of my favorite cities in Europe. In the context of supplychains, I found the exhibit fascinating and saw that the obsession with foreign objects has persisted throughout history.
India’s growth story can continue if it streamlines and effectively manages its supplychain like the iconic dairy brand Amul that recently entered the US market. Amul’s supplychain model is a well-structured and decentralized cooperative framework that focuses on efficiency and farmer welfare.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
The still-persistent effects of the pandemic have made it clear that the skills and tools that characterize traditional S&OP are not enough to respond to unprecedented interruptions. Join this exclusive webinar with internationally experienced supplychain executive Fernando Penteado to discover the solutions you need.
Five years ago, we all thought the COVID-19 pandemic resulted in the most disrupted supplychain landscape we would ever see. Since then, supplychain disruptions and volatility have only increased. billion in 2023 to $13.3 We were wrong. but also How well can we proactively avoid the damage it may cause?
Over the past few years, supplychain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products.
How to Improve Your SoftwareSupplyChain! When you hear the term “supplychain,” you might think of physical goods, logistics, and warehouses. However, software also has a supplychain. This journey can be complex, involving multiple people, processes, and technologies.
The SupplyChain Renaissance Has Begun! The technology in our silos was designed to optimize narrow functionality. End-to-End SupplyChainSoftware Enables COOs to Manage an Organization vs. Silos Until recently, point solutions were the go-to tools for organizations. Today it’s a different story.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Click here!
Autonomous SupplyChains In this competitive environment, a CPG manufacturer needs to fight to get space on retailer shelves in each region, keep those shelves stocked, compete and collaborate simultaneously with e-commerce, and maintain its operating margins. each with discrete plans generated typically in sequential batch runs.
That’s why staying on top of the latest supplychain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supplychain planning.
Ted Krantz, CEO of Interos Interos , a company providing supplychain resilience and risk management software, emailed me to say that there was a supplychain risk everyone seemed to be ignoring – AI-related risks. All enterprise software suppliers need robust cybersecurity in place.
In February 2023 I wrote the article What Does 2023 Have In-Store for Global SupplyChains? It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supplychain and logistics executives. Meanwhile, labor constraints are as binding as ever.
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
Last week I attended FourKites Visibility 2023 in Chicago, IL. CEO Matt Elenjickal kicked off Visibility 2023 with his keynote. Mr. Elenjickal noted that over the last 36 months, supplychains have become more complex than ever before. As I mentioned above, the theme for FourKites Visibility 2023 was “Connected”.
A crowd of nearly 37,000 people flocked to the Javits Center in New York City to see what new solutions and innovations software suppliers had in store for 2023 and beyond. Throughout the conference I met with a number of software and hardware suppliers to get a glimpse of what they were showcasing.
And how can supplychain planning help? In one project, I am interviewing over fifty supplychain leaders on their perceived impact of advanced planning, what makes a good plan, and how effectively they use the technology. I am also writing the new edition of the SupplyChains to Admire.
In a recent webinar , Freightos’ Oliver Esch and Oliver Ritzmann from Gryn shared their expertise on overcoming data challenges and leveraging technology to drive smarter logistics operations. “You really need to make [data] actionable… use it to manage your suppliers, to drive supplychain improvements.
The global supplychain is undergoing a significant transformation, marked by tariffs, rising trade restrictions and evolving technologies. A digital twin is a virtual model that can replicate a supplychain. Let me find new routes, new supplychainsources, new ideas. billion in 2025 to $63.48
Gartner SupplyChain Symposium/Xpo EU 2023 has wrapped up its 3-day event in Barcelona, Spain. Featuring over 35 Gartner experts and more than 100 research-driven sessions, this year’s conference gathered over 2,000 supplychain professionals from across Europe and beyond. Look no further. Prescriptive analytics.
Supply management. Supplychain management. Supplychain planning. The lack of interoperability between decision support platforms is a problem for companies attempting to improve decisions from the channel to supplier bi-directionally through technology. Are these terms the same? The answer is no.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
AI is reshaping the way organizations source, manage suppliers, and drive value today. As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle.
When the design is a supplychain-centric design, problems arise. S&OP Challenges In a recent research study of business executives, the top three challenges were: not having technologies that support the S&OP process, issues with the role of finance and the budget, and the lack of understanding by the executive team.
Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supplychain resilience. Background The Council of SupplyChain Resilience met for the first time this month. What is supplychain resilience? The reason?
Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? Designed to lift the profession and celebrate supplychain results, I struggle to find that the methodology supports either objective. Is this success? I don’t think so.
I recently read a thought-provoking report with several predictions about the future of supplychaintechnology. How can it be that so many companies will continue to invest so much in state-of-the art technologies, and yet fewer than one in 20 control tower deployments are expected to deliver on their potential?
Gartner SupplyChain Symposium/Xpo 2023 has wrapped up its 3-day event in Orlando, Florida. Featuring over fifty Gartner experts and more than 140 research-driven sessions, this year’s conference gathered over 3,700 supplychain professionals from across North America and beyond. Look no further.
Driving decarbonization with technology In 2023, the SAP CPO Think Tank community has been closely examining how companies can accelerate supplychain decarbonization. The emissions that occur within a company’s supplychain – known as Scope 3 emissions – can represent as much as 90% of the company’s total emissions.
per cent in January 2023, down from 9.2 One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Are you using any tools or solutions to help you manage your spend?
Is Your SupplyChain Ready To Recover? In the multifaceted world of supplychain management, there are numerous variables that can cause unexpected disruptions. Natural Disasters Natural disasters can wreak havoc on your supplychain operations, causing severe disruptions. Disaster Strikes!!!
Unlike the folks projecting election results these days, I was a little more accurate and the 2022 projections have set the stage for what will happen in 2023. Let’s take a look at what happened with the major themes, as well as the research and analysis we conducted in 2022 to help determine what those themes will look like in 2023.
It’s also why so many of our customers are eager to share their supplychain success – and have even won awards of their own in partnership with ToolsGroup! Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supplychain decision making.
Breaking Boundaries: Exploring Generative AI’s Impact on SupplyChainsSupplychains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution.
” The marriage of artificial intelligence and digital twin technology is truly transformative. ”[2] Company executives now understand that being able to test scenarios and strategies that can help them successfully navigate todays volatile supplychain landscape is crucial. Myth 4: Digital twins are expensive.
In late 2023, Descartes conducted a survey of 1,000 supplychain and logistics decision-makers across North America and Europe across three sectors: manufacturing, distribution and retail; carriers; and logistics services providers. Back-office automation and advanced analytics were tied at 47% for partially/fully deployed.
SCB Feature Report From DPW: What’s Next for AI in SupplyChain? That’s because the promise of artificial intelligence for supplychain operations is huge. It could do more to accelerate the journey of supplychain operations from the backroom to the boardroom than any other change. trillion to U.S.
In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supplychain operations, will increase their revenue by 20 percent in 2025. For reasons of climate change and profitability rewards, maintaining a more sustainable approach to the supplychain is obvious.
The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. This includes assessing the environmental and social impacts of their operations, as well as the working conditions of those involved in their supplychain.
Discover the top supplychain disruptions of 2024 and other significant supplychain trends from Resilincs exclusive data. The supplychain landscape in 2024 was characterized by significant transformations and challenges, with resiliency as a key theme across all industries.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supplychain excellence. In my post Mea Culpa, I reference my work with the Gartner SupplyChain Hierarchy of Metrics. ” Let’s face it all supplychains have error.
Recent cumulative events have increased the emphasis on the supplychain, emphasizing its importance and bringing it to the fore. As was quoted, “no one mentions the supplychain when it works, but when it fails….” The COVID-19 pandemic has been global, with no country or organization immune from its impact.
Autonomous supplychains are systems that can operate with little to no human intervention, and they use artificial intelligence, robotics, automation, and sensors to optimize the flow of goods. The key technologies that enable autonomous supplychains are artificial intelligence (AI), robotics, sensors, and blockchain.
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