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2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Other critical functions include order management, manufacturing, and product development. It is the world’s foremost authority in benchmarking, best practices, process and performance improvement, and knowledge management.

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How Manufacturers Can Leverage AI & Analytics For Strategic Decision-Making

Silvon Software

Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication. Here’s a quick glimpse at how: Automated Data Integration : AI can automate the integration of data from multiple sources, recognizing and aligning similar data fields automatically.

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Uh-Oh! Insights On How P&G Failed And What This Means For You

Supply Chain Shaman

The company transitioned from an innovator in the 1990s to a late adopter in the last decade. Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. Keith was an undisputed leader in building talent to drive manufacturing excellence.

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Ways Food and Beverage can Build Resilience with Supply Chain Optimization Software

Logility

The key to creating an effective market-driven demand plan is access to rich forecasts based on inputs from multiple sources. Demand-based manufacturing In some supply chains, manufacturing facilities operate independently. That’s why companies are moving to these newer technologies so quickly—because they see the benefit.”

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. forecasting product sales at 10,000 stores.

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Trends 2024: Artificial Intelligence

Enterra Insights

Anders Billesø Beck , Vice President of innovation and strategy at Universal Robots, explains, “2023 was an exciting year for innovation. I look forward to seeing the benefits of machine learning reach more manufacturers in 2024. As I noted earlier, this so-called singularity is the source of both anticipation and anxiety.

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Environmental Sustainability in Logistics

Logistics Viewpoints

Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. One area of concern for the long-term health of the world is the use of packaging in both the manufacturing and shipping of products. Final Thought The APQC report on sustainability in logistics sheds new light on a hot topic.