ThroughPut

APRIL 30, 2024

Exploring the world of AI tools for supply chain and logistics can be quite overwhelming. That’s why we put together this guide – to help you get a glimpse of the best AI tools for supply chain and logistics, how to implement these tools, what to take care of and more. Best AI Tools for Supply Chain and Logistics 1.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Supply Chain Shaman

FEBRUARY 14, 2022

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008. My challenge?

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S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logistics Viewpoints

JUNE 4, 2024

However, the juice for my newfound nightly routine soon became difficult to find, perpetually out of stock each time I tried to purchase it at the grocery store. In this blog, I will explore the use of AI/ML inventory planning for fresh products to optimize sales while minimizing waste and stockouts.

Inventory Reduction 207

Inventory Reduction Supply Chain Planning Software Waste Reduction Inventory 207

Enterra Insights

NOVEMBER 26, 2019

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball.

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Procurement Analytics 100

DELMIA Quintiq

DECEMBER 9, 2015

Another conference, another presentation on the scarily “big” data coming to supply chain and logistics. In logistics and supply chains, we deal with big data that only gets bigger. In this blog post, I want to concentrate on how we need to deal with all this data in the context of supply chain logistics.

Predictive Analytics 120

Predictive Analytics Prescriptive Analytics Software Predictive Analytics Software Analytics Software 120

Logistics Viewpoints

DECEMBER 1, 2022

Near the end of 2021, I had the chance to make the early call on Logistics Viewpoints on what 2022 would look like across five major logistics themes. 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.

Predictive Analytics Software 199

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 199

Supply Chain Shaman

NOVEMBER 11, 2020

In this blog, I share my thoughts on recent announcements. One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. Kinaxis Purchase of Rubikloud. The purchase of Rubikloud by Kinaxis shows just how little the Kinaxis team knows about demand management. They are just too risky.

Supply Chain Design Software 317

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 317

Supply Chain Matters

JUNE 21, 2022

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 33rd Annual State of Logistics Report to organization members and the industry as a whole. This report provides a snapshot of the U.S. For 2021, U.S. percent to $1.85

Logistics Network Optimization Software 52

Logistics Network Optimization Software Procurement Analytics Report Inventory Reduction 52

GlobalTranz

SEPTEMBER 23, 2021

The state of the trucking market in 2021 is uncertain, filled with risk, and continues to evolve, making logistics management challenging.? A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing.

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

NC State SCRC

MAY 30, 2022

The report was published in the last month, and reflects some of the increasing challenges and disparities that exist between procurement and supply chain executives. In this study, we explore the primary forms of misalignment that exist between supply chain and procurement executives. (We

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

Supply Chain Matters

JUNE 23, 2023

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 34th Annual State of Logistics Report to organization members and the industry as a whole. Background As our readership is likely aware, this report provides a snapshot of the U.S.

Procurement Analytics 40

Procurement Analytics Report Negotiating Skills Purchasing Skills 40

SYSPRO Smarter ERP

JULY 3, 2023

It is estimated by McKinsey that 40% of the potential value that could be created from analytics comes using ML techniques, However, many business leaders are unsure where to apply ML to reap the greatest rewards. Product development When designing a new product or improving an existing one, extensive data analysis is required.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Manufacturing Data 98

Enterra Insights

APRIL 6, 2021

That’s where forecasting and predictive analytics come into play. Predictive analytics involve techniques like data mining and machine learning to predict future trends from past and current data. You might be asking yourself: What is the difference between traditional forecasting and predictive analytics?

Predictive Analytics Software 113

Predictive Analytics Software Predictive Analytics Analytics Software Modeling Software 113

SCMDOJO

MARCH 8, 2024

In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries. By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. Optimize the process where required based on feedback and performance.

Inventory Reduction 82

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 82

ThroughPut

MARCH 27, 2024

The Evolution of Retail Supply Chain & Logistics: A Pre-AI Overview In the pre-AI era, the retail sector was markedly different, especially since the traditional supply chain and logistics models were largely driven by manual labor. Such detailed analytics also reduce retrieval times for faster order processing.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Supply Chain Matters

FEBRUARY 22, 2024

Supply Chain Matters provides highlights and added perspectives to retailer Walmart’s report of Q4 and Fiscal 2024 financial and operational performance. Specifically, high inflation and economically stressed consumers have been more selective in their purchase decisions. The reported profitability for the holiday quarter of $10.6

Inventory Reduction 52

Inventory Reduction Procurement Analytics Negotiate Pricing Purchasing Skills 52

Supply Chain Shaman

FEBRUARY 27, 2020

in this blog, I am going to rely on the account of the songwriter, that the song is a childhood story about a dragon that lived in Honalee. How do we harness the power of data with new forms of analytics? Today, technology providers are selling analytics. Each survey that I do comes back with data as a major challenge.

Analytics Software 246

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 246

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. How to Begin Your Terms.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

SCMDOJO

NOVEMBER 9, 2023

The primary goal of inventory control is to reduce the costs associated with holding stock. This is achieved by helping business owners determine the right time to restock their items or purchase materials for production. These are shown in our inventory control template excel later in the blog.

Inventory Reduction 82

Inventory Reduction Expense Reduction Cost Reduction Strategies Optimal Sourcing 82

Supply Chain Game Changer

NOVEMBER 15, 2018

Blog post originally created and published by, and permission to publish here provided by, Sam Jenks at [link] Check out the Kodiak Rating blog at [link]. Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Subscribe Here! Email Address.

Procurement Solutions 53

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Planning Software 53

Claritum

JUNE 13, 2019

Claritum Article - Procurement Blog. I took on the challenge of writing a condensed version of all the current Procurement challenges. I believe the issue with these articles is the broad range encompassed by the word Procurement and the constant change within this domain. Procurement Domain Name. Introduction.

Manufacturing Procurement 32

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 32

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Logistics network inefficiencies can also leave costly trails.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

SYSPRO Smarter ERP

MAY 2, 2024

We are starting to see document recognition services in AI which automate tasks such as invoicing, purchase orders and bank reconciliations. The other emerging area around AI in ERP focuses on trend analysis and forecasting. More important is identifying ways to streamline internal processes so that the business is sustainable.

Forecasting Software 59

Forecasting Software Supply Chain Planning Software Modeling Software Analytics Software 59

Locus

OCTOBER 5, 2021

Today, businesses are at the cusp of new changes in the supply chain that includes evolving customer expectations, omnichannel purchasing, and the shipping of unpredictable volumes. With the supply chains of all businesses going through a transformational shift, it is important for them to make tough decisions concerning logistics models.

Modeling 52

Modeling Modeling Software Optimization Modeling Logistics Network Optimization Software 52

Locus

JUNE 16, 2023

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. Customer satisfaction and keeping costs in check rests on optimal last-mile delivery operations. Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Price Reduction Inventory Reduction 98

Logistics Viewpoints

APRIL 14, 2023

And now on to this week’s logistics news. According to a report from The Information , the company is imposing this fee on returns when return options at Whole Foods, Kohl’s, or Amazon Fresh locations are closer or at the same distance as a UPS Store return location. But, per the report, Amazon has now initiated a charge of $1.50

Logistics Network Optimization Software 206

Logistics Network Optimization Software Cost Reduction Strategies San Francisco Price Reduction 206

Locus

APRIL 3, 2023

All successful modern-day businesses rely on an efficient system of logistics management. An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. What is logistics management? What is logistics management?

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Planning Software 52

Locus

DECEMBER 29, 2021

The new year will come with new year demand and some emerging technologies that can create strategic opportunities for logistics companies. Better technology is also responsible for minimizing costs and error, as well as increasing productivity, thus leading to resilient supply chains. Getting up to speed. Virtual as the new reality.

Demand Planning Software 52

Demand Planning Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 52

ThroughPut

OCTOBER 16, 2022

Inventory analytics can go a long way in understanding and improving the inventory performance and often done by an inventory manager. Using ABC analysis to stock SKU quantities is a good method as it divides the SKUs based on their annual consumption value. How do you analyze accurate inventory performance? DEMAND FORECASTING.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Supply Chain Matters

JANUARY 11, 2023

Shared in our commentary was that relatively little known Starboard provided information technology and data analysis capabilities resulting in the opportunity for a new generation of supply chain network design analysis and decision support capabilities. Added Importance. Logility Update.

Network Design Software 52

Network Design Software Logility Procurement Solutions Supply Chain Design Software 52

GlobalTranz

FEBRUARY 7, 2018

We expand upon the supply chain technology trends we spoke about in the first part of this blog series, but let’s take a look at 5 more supply chain tech trends that will shape 2018. Since up to 79 percent of supply chain managers surveyed cited cost reductions as a top area of concern, investments in and use of AI will increase.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimization Software 170

Supply Chain Matters

MARCH 6, 2024

retailer Target’s recent reporting of Q4 and Fiscal 2024 financial and operational performance. Specifically, high inflation and economically stressed consumers have been more selective in their household budgeting and in their purchase decisions. Supply Chain Matters provides highlights and added perspectives to U.S. percent to $5.7

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Purchasing Skills 52

Supply Chain Matters

OCTOBER 7, 2022

Supply Chain Matters calls reader attention to a published report that indicates for one retailer, the sudden shift in consumer demand this year may not have been that sudden. Instead, a detailed analysis of consumer buying and general apparel and clothing trends buying trends proved beneficial in limiting overall inventory exposure.

Supply and Demand 52

Supply and Demand Inventory Reduction Demand Planning Software Price Reduction 52

Logistics Bureau

NOVEMBER 16, 2020

And now let us examine the reasons why a career in logistics offers so much diversity to so many workers. It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. You could be particularly numerate, or into analysis.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Predicting outcomes.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 36

LevaData

APRIL 26, 2022

For example, you have to make sure the supplier you're dealing with makes sense from both a cost and risk perspective. There's also the consideration of buying the right part or material; for instance, would purchasing more of an equivalent part or material found in other products deliver greater savings?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Negotiating Skills Negotiate Pricing 52