Supply Chain Matters

AUGUST 7, 2023

While 209,000 workers were added in June, 14,000 freight and parcel carriers were cut and 6,900 warehousing and storage jobs were lost. In the past we would expect to see transportation and warehousing ramping up hiring in late summer ahead of peak season. ” warehouse workers in June of 2022. There were 1.96

Logistics Network Optimization Software 52

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American Global Logistics

JANUARY 30, 2024

Key Economic Indicator #1: Gross Domestic Product (GDP) The Bureau of Economic Analysis (BEA) reported that the annual US GDP rate increased in December 2023. Key Economic Indicator #3: Recession–Business Cycle Contraction As of December 2023, the Wall Street Journal reported that a soft landing was in the making. labor market.

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The Logistics & Supply Chain Management Society

JULY 20, 2020

This boosts revenues and optimises inventory. exact location of goods (on order, in transit, or in a warehouse)). This can be applied to inventory management, fleet and order tracking, ID badging. Data acquisition and filtering and scenario analysis are time consuming practices in supply chain. Supply Chain Resilience.

Agile and Lean Supply Chain 230

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SCMDOJO

AUGUST 16, 2023

Walmart’s remarkable success as the world’s largest retailer can be attributed to its astute utilization of data analysis and advanced technologies within its integrated supply chain. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

Inventory Reduction 77

Inventory Reduction Vendor Strategies Supply Chain Planning Software Price Reduction 77

Accelogix

AUGUST 12, 2020

He explains his personal journey from supply chain AI/ML skeptic to optimistic believer and how these technologies will radically transform supply chain planning and warehouse automation in the future. I got my start in consulting for enterprise warehouse systems right out of college. I confess that I was once an AI and ML skeptic.

Supply Chain Software 124

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Talking Logistics

JULY 8, 2016

Honeywell To Acquire Intelligrated, A Leader In Supply Chain And Warehouse Automation Technologies. As reported by Loretta Chao in the Wall Street Journal: Orders for new heavy-duty trucks hit a nearly six-year low in June, indicating that trucking companies expect little relief from a weak freight market and sluggish economic growth.

Logistics Network Optimization Software 100

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Locus

DECEMBER 7, 2021

Presently, their major focus lies on local production, warehousing and strategic sourcing. million barrels of oil a day go through the canal, according to shipping journal Lloyd’s. For example: high or low product demand, excess inventory holding, product distribution. Major supply chain risks in the Middle East.

Supply Chain Disruption 52

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Enterra Insights

JANUARY 21, 2022

” As I understand his statement, he is applauding retailers’ selling efforts in the midst of a pandemic, inventory shortages, and rising inflation. Transportation and warehousing jobs also fell — but very slightly (less than 1%) — after last year’s 67.4% Early Ordering of Inventory Made a Difference.

Price Reduction 130

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IQMS

OCTOBER 18, 2019

Machine learning algorithms are finding these new patterns in supply chain data daily, without needing manual intervention or the definition of taxonomy to guide the analysis. Existing techniques range from baseline statistical analysis techniques including moving averages to advanced simulation modeling. Preston, D.

Supply Chain Planning Software 73

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New Horizon Supply Chain Blog

AUGUST 30, 2023

Inventory metrics are less intuitive, but ever since U.S. companies started adopting lean manufacturing and just-in-time principles in the 1980s, most business people have been trained to understand that excess inventory ties up capital and erodes profitability. The link between forecast accuracy and corporate goals is less clear.

Forecasting 52

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Enterra Insights

JUNE 25, 2021

Kearney’s Consumer Products and Retail Practice, asserts, “Retailers need to review forecasts and inventory commitments for Holiday 2021 which could be a blockbuster. Make sure you have a process in place that inserts inventory back into the system as quickly as possible.” year-over-year. Michael Brown, a Partner in A.T.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 130

GlobalTranz

APRIL 17, 2017

Automated data capture, analysis, and presentation through dashboards helps you see what is going on in your company. It Maintains Inventory Control and Flow. How much inventory do you have right now? Cassidy of the Journal of Commerce. A TMS Works Independently. Is it perishable, and are you sure it will be sold?

Supply Chain Software 123

Supply Chain Software Inventory Reduction Waste Reduction Cost Reduction Strategies 123

FLEXE

MAY 18, 2017

Allocating and Managing Inventory. The FLEXE network dramatically transforms warehousing by providing your business infinite options to expand your fulfillment footprint throughout the entire year—all without high, fixed costs. We work with a variety of warehouse partners. Allocating and Managing Inventory.

Inventory Reduction 45

Inventory Reduction Cost Reduction Strategies Resource Reduction Expense Reduction 45

DELMIA Quintiq

SEPTEMBER 10, 2019

From Wikipedia via the peer-reviewed Springer journal, Machine Learning; “Machine learning (ML) is the scientific study of algorithms and statistical models that computer systems use to perform a specific task effectively without using explicit instructions, relying on patterns and inference instead. Building the connected supply chain.

Supply Chain Design Software 149

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Enterra Insights

MAY 13, 2020

Jennifer Smith ( @jensmithWSJ ) reports, “Decisions are taking place across scores of loading docks, warehouses and logistics management offices as companies of all sizes take a new look at technology that can help them adapt their operations to a changing business landscape under coronavirus restrictions. .”[3] ”[7].

Supply Chain Software 100

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NC State SCRC

FEBRUARY 20, 2023

Ordering a new car meant hearing the salesperson blabber on about electronics shortages causing their low inventory. ” In Flow , the authors found that “… 53% [of managers] spend more than 10 percent of their days looking for data that they need for analysis.” Finding toilet paper resembled a Hunger Games quest.

Analytics Software 52

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New Horizon Supply Chain Blog

JULY 15, 2022

Inventory metrics are less intuitive, but ever since U.S. companies started adopting lean manufacturing and just-in-time principles in the 1980s, most business people have been trained to understand that excess inventory ties up capital and erodes profitability. The link between forecast accuracy and corporate goals is less clear.

Forecasting 52

Forecasting Supply and Demand Material Savings Inventory Reduction 52

Requis

OCTOBER 31, 2019

The Investment Recovery Business Journal Vol 5, 2019. [Ed. Using image data extraction, investment recovery professionals can reduce manual data entry by 75 percent and complete missing fields in existing inventory management systems. Warehouse bin numbers to determine the geo-location. Inventory auditing. By Loïc Coyot.

Analytics Software 40

Analytics Software Manufacturing Procurement Inventory Management Software Forecasting Software 40

Requis

OCTOBER 31, 2019

The Investment Recovery Business Journal Vol 5, 2019. [Ed. Using image data extraction, investment recovery professionals can reduce manual data entry by 75 percent and complete missing fields in existing inventory management systems. Warehouse bin numbers to determine the geo-location. Inventory auditing. By Loïc Coyot.

Analytics Software 40

Analytics Software Manufacturing Procurement Inventory Management Software Forecasting Software 40

Enterra Insights

APRIL 23, 2018

”[4] The IoT is actually an ecosystem consisting of sensors on one end, cognitive analysis on the other end with the two ends connected by the IoT. ” The BOSS staff believes warehouses are where the greatest change might take place. ” Additive Manufacturing (aka 3D Printing). ” Footnotes. [1]

Supply Chain Design Software 100

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Talking Logistics

MARCH 8, 2019

The latest example is Walmart “raising its delivery goal posts for suppliers, asking them to deliver more goods on time,” as reported by Jennifer Smith and Sarah Nassauer in the Wall Street Journal. P&G and Wayfair: More Shippers Taking Direct Control of Logistics Operations.

Rail Software 101

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KEPLER Consulting

DECEMBER 11, 2019

The inability to provide daily updated data on inventories of raw materials, semi-finished products, and finished products presents two major concerns: The decrease of the WCR for companies, the deployment of a dashboard tailored and user-friendly is essential in order to take charge of the management of a share of its WCR. et Fischer M.,

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Material Savings Inventory Reduction 52

Intelligent Audit

JANUARY 12, 2023

are sliding, freight rates are falling as a result,” according to an article in The Wall Street Journal and various other sources. Quality data is the key to meaningful analysis. Hub Injection: Hub injection strategies often boost efficiency, yet in busy warehouses, they can sometimes lead to mishandling.

Optimal Sourcing 52

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Enterra Insights

APRIL 4, 2018

Also, the expanse and coverage of these technologies have multiplied, as enterprises continue to integrate with suppliers, co-packers, manufacturers, warehousing teams, and procurement service providers. The speed of analysis and data precision are both valued greatly for companies pursuing resilient supply chains.”

Risk Management 100

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ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Wall Street Journal ). Wall Street Journal ). Wall Street Journal ). Wall Street Journal ). Wall Street Journal ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Enterra Insights

SEPTEMBER 28, 2020

” They go on to report, “A recent Deloitte analysis of the top 52 U.S. Most brands lose sight of their products the minute they are shipped out of their warehouses — and don’t know whether or not consumers use their products correctly.”[3] Footnotes. [1] 5] Michael C.

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

IQMS

AUGUST 14, 2020

Based on customers’ requests, we’re augmenting the core of DELMIAWorks2020 with improvements to accounting, time-saving improvements to scheduling reports, cost analysis, customer pricing management, and more. Advanced Warehouse Management Systems (AWMS) new features to streamline Directed Pick Ticket Workflows. Conclusion.

Price Reduction 90

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Elementum

MARCH 6, 2018

Xiaomi’s ecosystem of suppliers and reliable manufacturing partners is intimately tethered to the company’s strict policy of demand-driven manufacturing, designed to keep the company’s inventory and up-front production costs as low as possible. Though Xiaomi saved money on inventory costs, the public was often left pining.

Supply Chain Planning Software 92

Supply Chain Planning Software Modeling Supply Chain Design Software Supply Chain Planning 92

Elementum

SEPTEMBER 5, 2018

Xiaomi’s ecosystem of suppliers and reliable manufacturing partners is intimately tethered to the company’s strict policy of demand-driven manufacturing, designed to keep the company’s inventory and up-front production costs as low as possible. Though Xiaomi saved money on inventory costs, the public was often left pining.

Modeling 84

Modeling Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 84

Elementum

SEPTEMBER 5, 2018

Xiaomi’s ecosystem of suppliers and reliable manufacturing partners is intimately tethered to the company’s strict policy of demand-driven manufacturing, designed to keep the company’s inventory and up-front production costs as low as possible. Though Xiaomi saved money on inventory costs, the public was often left pining.

Modeling 79

Modeling Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 79

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Robotics enabled with AI and ML augment the work of humans in warehouses and distribution centers. Artificial Intelligence AND Machine Learning.

Supply Chain Planning Software 298

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Unleashed

SEPTEMBER 28, 2023

If you’ve ever had inventory sitting in the storeroom or warehouse unused, unsold, and taking up space – you’ve experienced dead stock. Fortunately, efficient dead stock inventory management can help you avoid those losses. It can appear in the form of raw materials, in-progress inventory, or finished goods.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

Turvo

JULY 27, 2021

A report based on a survey by Finances Online found that the most critical inventory management practices for companies were forecasting (61.3%), warehouse management (50%), logistics (46.8%), and back-end technology (32.3%). And technology can go a long way in promoting end-to-end visibility, including: Inventory visibility.

Real-time Visibility 90

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Enterra Insights

OCTOBER 13, 2022

5] This lack of synchronization is partly due to “the logistics sector [having to] simultaneously contend with the hangover of red-hot demand and worries of a revenue-diminishing and inventory-swelling downturn.” trucks, trailers, roads, ports, containers, chassis, warehouses, drivers, warehouse workers). Footnotes. [1]

Supply Chain Planning Software 130

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Enterra Insights

MARCH 18, 2022

Retailers this year are expected to open more stores than they close for the first time since 2017, according to an analysis of more than 900 chains by IHL Group, a research and advisory company. Almost overnight, many physical stores became warehouses for online purchases. ”[1] The news isn’t all good. Footnotes. [1]

Omnichannel 130

Omnichannel Expense Reduction Cost Reduction Strategies Inventory Reduction 130

6 River Systems

FEBRUARY 3, 2020

IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain. Robotics enabled with AI and ML augment the work of humans in warehouses and distribution centers. trillion. That’s an increase from 17% in 2017.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 59

ToolsGroup

OCTOBER 20, 2015

Machine learning was added to automatically fine-tune that analysis to better distinguish between “signal” and “noise.”. This enables it to optimally manage the supply of ingredients—coffee, flavored syrup, cups and lids—from a warehouse to partner sites. Attention Getting Results. Big changes lead to big results.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 120