Conquering the Explosion of Supply Chain Planning Data

Logility

This article will discuss the opportunity generated from the explosion of supply chain planning data and the necessity for digital supply chain transformation. Exponential Growth in Supply Chain Data. In the middle 1990s, the supply chain was fairly linear with most planning data originating from a legacy or ERP system. Today, supply chains are complex and anything but linear with significantly more data streams to consider.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. Drivers of supply chain planning digitization vary significantly by company, with 42% identifying increased operational efficiencies (e.g. PRESS RELEASE.

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The Internet of Things and the Supply Chain: Serious or Just Flirting?

Enterra Insights

Numerous supply chain experts insist supply chain processes are experiencing a revolution thanks to emerging technologies. Tom Ryan ( @retailwire ) explains, “While IoT is promising to reinvent the in-store experience with smart shelves, robots and other connected devices, the big early payoff appears to be back in the supply chain.”[1] ” Ryan reports some supply chains are well into the IoT engagement period.

Navigating inventory through the eye of the COVID storm

EFT

In a recent roundtable, Reuters Events: Supply Chain sat down with supply chain executives to understand pain points and solutions around fulfilment and a common theme began to emerge: Strength in diversity.

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Predictive Analytics: Supply Chain’s Cloudy Crystal Ball

Enterra Insights

By forecasting future supply chain and logistical events, companies can gain a competitive advantage and prevent monetary loss due to inaccurate stocking, and mismanagement of goods, deliveries, and time.”[2] Through intelligent application of these predictive analytics models, companies can prevent unnecessary expenses and errors related to their supply chain and logistics processes.”

People, Processes, and Technology All Required for Supply Chain Transformation

Enterra Insights

Everyday technology seems to be assuming a greater role in the business world, including in supply chain operations; but, technology alone will never achieve the kind of transformation required in the years ahead. Paul Myerson ( @Paul_A_Myerson ), an instructor in Management and Decision Sciences at Monmouth University, asserts, “It’s not your dad’s supply chain anymore.”[1] ” People: Fostering Supply Chain Talent.

LifeWay Christian Stores selects RELEX supply chain software for forecasting, replenishment & allocation

RELEX Solutions

RELEX Solutions, in collaboration with Columbus Consulting International , to support LifeWay Christian Stores with upgrading its supply chain management in order to reduce inventory and increase availability. LifeWay , one of the world’s largest providers of Christian resources, is implementing RELEX Solutions’ supply chain software for its retail division to improve its inventory forecasting, replenishment and allocation processes.

Supply Chain Optimization 101: How to Best Harness the Power of Big Data

AFFLINK

More importantly, how can you leverage this fascinating technology into the world of supply chain optimization? In the realm of procurement and supply chain optimization, big data is already lifting the industry to new heights. The research report “Big Data Analytics in Supply Chain: Hype or Here to Stay? Writing for the Hass School of Business, University of Berkeley, supply-chain researcher Nada R.

Digital Transformation Helps with Corporate Alignment

Enterra Insights

For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. However, distribution centers may be given the conflicting task of minimizing excess inventory space and cost. Louis Columbus ( @LouisColumbus ) suggest ten way cognitive technologies can help companies achieve successful digital transformations.[4] Cognitive technologies make supply chains better.

Machine Learning and the Business of Tomorrow

Enterra Insights

Louis Columbus ( @LouisColumbus ) explains, “Enterprises are striving to find greater meaning in the massive amounts of data they generate and save every day. ” Machine learning and the supply chain. Machine learning can prove useful all along the supply chain from procurement to production to marketing to after sales support. ”[5] The potential uses of machine learning in the supply chain are only limited by one’s imagination.

Manufacturers, Technology, and the Digital Age

Enterra Insights

… Smart Manufacturing through the use of advanced sensors, controls, platforms and modeling, will deliver information about the production/manufacturing process across the entire value chain.” Louis Columbus ( @LouisColumbus ), a Principal at IQMS, explains, “Going into 2020, manufacturers are at an inflection point in their adoption of analytics and business intelligence (BI). ” Columbus makes an important point about improving performance over time.

What to Do Now Before the Panama Canal Expands

CH Robinson Transportfolio

Shippers in Columbus, OH, will be in the battleground region of the United States, with ports on the East and West Coasts vying for their business. If costs were all that mattered, these shippers would route their products through the expanded Panama Canal to reach Columbus via rail from the New York-New Jersey port. First, more inventory would be in transit at any given time. Global Transportation Logistics Supply Chain Global Forwarding Panama Canal Ports Shippers Truckin

Retail Industry Leaders Discuss the Value of Assortment Planning – Part II

Supply Chain Nation

Jon Beck, CEO, Columbus Consulting. Linda Canada: Mike McAbee: All-Channel retail Inventory Omni-Channel Retail Supply Chain Planning assortment customers merchandising social media During a Super-Session at JDA’s FOCUS 2014 in Las Vegas, five leading retail executives discussed how assortment planning is critical to addressing the challenges posed by today’s empowered consumers.

Artificial Intelligence and Omnichannel Operations

Enterra Insights

Inventory Optimization. “Inventory optimization is a complicated thing that touches many aspects of the consumer goods supply chain, and often requires close coordination among manufacturers and distributors. They are: 1) meeting expectations and minimizing the cost to serve; 2) maximizing omnichannel fulfillment capacity; 3) using inventory at its most profitable price point; and 4) making dynamic adjustments as circumstances change.

5 Future Applications of the Industrial Internet of Things in Manufacturing & Logistics

Cerasis

Additionally, overall maintenance costs have dropped by 30 percent, and predictive maintenance has reduced machine-specific failures by 70 percent, reports Louis Columbus of Forbes magazine. Since 2012, the overwhelming majority of manufacturers (63 percent) have either already implemented or are planning to implement IIoT technologies soon, but only 10 percent have already successfully built and integrated IIoT networks into the supply chain as January 31, 2016.

California Freight Heats Up, Spurred By Hanjin Collapse

DAT Solutions

That started a ripple effect on the whole supply chain, which includes trucking. Even if they didn’t have cargo on Hanjin ships, big retailers are starting to shift inventory from West Coast distribution centers to other DCs farther east. On the down side, there were fewer loads moving out of Columbus and Chicago last week, but outbound rates remain strong in the Midwest.

Agile retailing: new ways to manage uncertainty, disruption and innovation

RELEX Solutions

We are delighted to welcome Charlotte Kula-Przezwanski from Columbus Consulting (CCI) as our guest blogger. CCI is renowned for its expertise in retail business processes and systems delivering practical solutions to optimize sales, margin and inventory across all channels of operation. At Columbus Consulting we believe it is the combination of mindset, principles, process, methods, and tools that enhance a retailer’s ability to lead change and adapt to it.

Retail Industry Leaders Discuss the Value of Assortment Planning – Part I

Supply Chain Nation

Jon Beck, CEO, Columbus Consulting. So building a supply chain planning process that anticipates what she wants even before she knows she wants it is a big challenge for retailers today. McAbee: You have to understand that we are a chain of small rural stores where we face any kind of competition maybe 20 percent of the time. But you can’t afford to carry a lot of inventory in the stores.

Port Logistics Group acquires e-commerce tech firm Whiplash

EFT

The acquisition comes on the heels of the company's recent expansion into new facilities and markets, including its opening of a 305,000-square-foot facility in Columbus, Ohio, strategically located for D2C fulfillment to much of the US population. The ecommerce platform provides full visibility and control of fulfillment operations, including products, customers, inventory and orders and features integrated, discounted parcel shipping.

Trends Shaping Industry 4.0

Enterra Insights

Louis Columbus ( @LouisColumbus ), a Principal at IQMS, asserts, “Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality, and optimize manufacturing operations to the shop floor level.”[2] A second benefit is that supply lines can be reduced or eliminated as parts are made on site or near where customers are located. demands are already reaping the benefits of their digital supply chains.

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Omni-channel in 6 steps: how to build a practical, effective plan of action

RELEX Solutions

We are delighted to welcome Charlotte Kula-Przezwanski from Columbus Consulting (CCI) as our guest blogger. CCI is renowned for its expertise in retail business processes and systems delivering practical solutions to optimize sales, margin and inventory across all channels of operation. At Columbus Consulting International we believe that there are 6 key steps to build a practical and effective plan of action: 1. Partner, Columbus Consulting.

New Panama Canal Options: Running the Numbers with a TMS

TMC

The preferred amount of inventory held on ships and trucks depends on constraints such as the value of the cargo. If high-value items are being shipped, it’s important to minimize inventory levels. Is your supply chain make-to-order, make-to-stock, or both? To effectively evaluate and mitigate risk, shippers need excellent supply chain visibility. New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC.

Executing on time, all the time: apparel executive’s guide to competitive advantage

RELEX Solutions

We are delighted to welcome Charlotte Kula-Przezwanski from Columbus Consulting (CCI) as our guest blogger. CCI is renowned for its expertise in retail business processes and systems delivering practical solutions to optimize sales, margin and inventory across all channels of operation. Partner, Columbus Consulting. Charlotte Kula-Przezwanski is a Partner with Columbus Consulting, a retail boutique consulting practice. Stay on top of the latest trends in supply chain.

RELEX to bring innovation and 100% customer referenceability to NRF 2017

RELEX Solutions

RELEX Solutions, one of the fastest growing providers of integrated retail and supply chain planning solutions, will be showcasing its state-of-the-art systems, which have delivered significant financial benefits to its retail customers, at NRF’s Annual Convention & EXPO on the 15-17th January 2017. In collaboration with Columbus Consulting International , RELEX has helped LifeWay with its long-term business strategy to manage a single inventory across all departments.

Planning and managing the critical aspects of a full merchandising season

RELEX Solutions

At RELEX we specialize in demand forecasting and retail and supply chain planning. You can put start and finish dates into a modern retail and supply chain planning solution. Automated replenishment can then handle ongoing inventory transfers to stores and, eventually, ramp-downs. In the coming years we’ll probably see retail and supply chain planning fully integrated with critical path management. Partner, Columbus Consulting.

6 Recent Trends in Manufacturing Technology to Increase Agile Responsiveness, Continuous Improvement & Customization

Cerasis

Customization Will Replace Traditional Inventory Management. According to the Global Dispatch, traditional inventory management operations will change in 2017. Inventory management will become more reliant on advanced computer analytics systems to manage inventory in real time. reports Louis Columbus of Supply Chain 24/7. Consequently, manufacturers will see a rise in communication and collaboration throughout the supply chain. .