Remove 2030 Remove Forecasting Remove Inventory Remove Quality
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Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted.

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Until AI Can Solve this One Simple Task, I Wouldn’t Worry About It

Logistics Viewpoints

Experts have recently warned about the possibility that artificial intelligence (AI) could lead to the destruction of 400 million jobs by 2030. It also suggests that the total value delivered by AI will be more limited than consultants from McKinsey are forecasting. A real-time WMS can achieve inventory accuracy of 99.9%

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Overcoming The Barriers to Use Channel Data

Supply Chain Shaman

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The decline in inventory turns uses cash. I pulled up my covers to go to sleep four hours later. My question is, “Why?”

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The March of the Lemmings.

Supply Chain Shaman

As a result, the company, at the end of the five-year implementation, is unable to roll-up data to a corporate level to analyze the forecast or capacity planning. The technologies, implemented by a large system integrator, degraded the forecast by 31%. Imagine Supply Chain 2030. The focus is on Imagining Supply Chain 2030.

S&OP 171
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Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

The focus is on channel data: price; inventory positions; and policies. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. Advanced companies are building cross-functional teams to use unstructured data to analyze warranty, quality and service failures.

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Manufacturing ERP Plays a Key Role for Sustainability

QAD

As an example, look no further than Microsoft’s announcement to be carbon negative by 2030 and their commitment of $1 billion towards a climate innovation fund. Lean Manufacturing is a business model and approach that emphasizes the elimination of non-value added activities while producing quality products on time and with greater efficiency.

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The Dire Need for Data Automation in the Manufacturing Industry | AFFLINK

AFFLINK

Unpredictable Consumer Demand Trends Traditionally, organizations got away with loose forecasting and just-in-time (JIT) inventory management to match production to consumer demands. On the road, the American Trucker Association estimates needing more than 160,000 drivers to meet current demand increases by 2030.