Supply Chain Data Management: Making Data Make Sense for Supply Chain Planning

Logility

Managing the data required for supply chain planning is a bit like raking leaves. The data keeps coming all year round. And just when you think you have clean and consistent data to work with, new internal and external data “blows into the yard.”. The amount of available structured and unstructured supply chain data continues to grow at an exponential rate. When data is poorly managed and inconsistent, supply chains become inefficient.

Improving inventory management

EFT

What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. There is a lot of desire for enterprises to become extremely granular in their visibility data collection.

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Top 15 Logistics Blog Posts of 2014

Cerasis

We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. There are countless number of logistics service providers who offer many different types of broad and niche services. Top 15 Logistics Blog Posts of 2014.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. Making supply chain and logistics predictions is like throwing darts at a moving target. How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. The Case for Competing on Logistics Talent.

Taking Packaging Manufacturing to New Levels with Digital Technology

QAD

Today’s uncertain times have packaging manufacturers working harder than ever to efficiently manage their assets, costs and customer demands to keep their businesses on track. Using Data for Growth. More than Just Data.

Integrated Inventory Management Software and Accounting Software for Successful Business Growth

Unleashed

More than ever, competitive businesses are acknowledging the importance of adequate inventory control practices and appropriate management software, but the integration of accounting software with that of inventory management offers many advantages for better holistic business management. Providing visibility to the supply chain enables better inventory management by offering stock data to suppliers. Best Practices for Inventory Accounting.

The Future of Logistics

Enterra Insights

This expansion in e-commerce has, in some cases, overwhelmed logistics providers. Even before the pandemic struck, subject matter experts insisted the logistics arena required more digitalization and more automation. Back in December 2019, when rumors about a new virus were just getting started, Oscar de Bok, CEO of DHL Supply Chain, stated, “Automation and digitalization will re-shape the logistics industry.”[1] Centralizes data control.

This Week in Logistics News (September 14-18, 2015)

Talking Logistics

Lots of supply chain and logistics news this week, so let’s go straight to it… Transplace Acquires M33 Integrated. Oracle Announces New Releases of Oracle Transportation Management and Oracle Global Trade Management. New Infinea® X from Infinite Peripherals® Expedites Warehouse, Logistics and Supply Chain Operations. Final rule for electronic logging devices is pushed back to end of October (Logistics Management).

5 ways TMS transforms Logistics Managers' jobs

Abivin

That’s where the need for Transportation Management System (TMS) comes into play. A survey featured in Logistics Management shows that just 35% of shippers are using TMS in their supply chain. Logistics managers need to realize that adding TMS instead of headcount can be the right way to grow their business. By automating manual processes, you can have time to focus on other important tasks like strategic planning, management.

This Week in Logistics News (April 11-15, 2016)

Talking Logistics

Moving on to this week’s supply chain and logistics news… Amazon ‘in talks over Hahn Airport base’ ( Lloyd’s Loading List ). London’s Delivery Cube “pauses” logistics operations to focus on tech platform ( TechCrunch ). If the rumors are true, the next piece in Amazon’s logistics puzzle is buying an airport, specifically Hahn airport in Germany. Note: Descartes and GT Nexus are Talking Logistics sponsors.

7 Supply Chain and Logistics Trends to Watch in 2018

Logistics Bureau

It’s that time when idle chatter at the office Christmas lunch turns to debating what next year will bring, especially among logistics and supply chain professionals, for whom it seems every New Year brings new challenges, trends, and disruptive innovations. 2018 Trend #2: Big Data and Advanced Analytics in the Cloud. Fear of the cloud is diminishing as concerns over data security give way to the desire for fast, flexible, high-powered computing.

Supply Chain Movement 21 – S&OP + IT

Supply Chain Movement

Forecasting is about managing risks. Major organisational and cultural changes lie ahead for supply chain management. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems. furthermore, because the continuing growth in outsourcing is making global businesses ever-more susceptible to disruptions, supply chain risk management software is also on the rise.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

And now let us examine the reasons why a career in logistics offers so much diversity to so many workers. Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions. Do you want to be managing people?

Vinculum at IRCE 2019, Chicago: Enabling Seamless Shopping Across Channels

Vinculum

Order and inventory management. Consistent product and master data management. Order and Inventory Management. Our solution helps you be in control of your orders, inventory and returns through a single, real-time dashboard view of your business across channels and locations. Our SaaS solution for warehouse management supports both B2B and B2C warehousing needs of large enterprises and high growth brands.

The Worse Mistakes of Omnichannel Retail

Vinculum

You can prevent this by maintaining a Master Data Management system which creates a Single View of Truth across catalogs, sales and distribution channels, merchandising and other aspects. From technology to logistics, the right partner vendors can allow your brand to level up its game. As the omnichannel experience is entirely driven by customer behaviour, it is vital that analytics and data collection are integrated at every touchpoint.

The Target Canada Story and the Brand Impact of the Supply Chain!

Supply Chain Game Changer

Amongst them was their entire Product Data Management system, business process, organization, and change management work stream. There was no accuracy nor integrity in dozens of fields of data for thousands and thousands of skus. This alone would have created a loss of control and visibility that would have been almost impossible to manage. The Supply Chain Role in Brand Management. Subscribe Here! Email Address.

5 Quick Solutions for Simplifying Supply Chains

Unleashed

With the rapid rise in our ability to collect information, data saturation is everywhere. Sure, data is king when it comes to helping forecast future demand and inventory stock needs but the ability to collect data is not always supported by the ability to filter and manage that data correctly. Any data collected and held needs to be relevant to the business. Optimise logistics.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Cash Cycle Management. The Cash Cycle is a function of the days of Accounts Receivable, Accounts Payable, Inventory and Capital Expenditures. The Supply Chain is directly responsible for the payment terms for Accounts Payable, Inventory (this does vary between companies), and even the negotiated terms for Capital purchases.

Is Your Supply Chain ‘Ready for Anything’?

ToolsGroup

Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. The algorithm becomes more accurate over time, and safeguards institutional knowledge through its accumulation of data. and reduced inventory by 18%.

The Supply Chain Detective™! In Search of Broken Supply Chain Clues!

Supply Chain Game Changer

Most companies have a Procurement function, Distribution, Logistics, Planning, Inventory Management, Product Data Management, and Operations. In the area of Inventory Management they also did a lot of benchmarking and highlighted deficiencies in our processes. Lack of respect of, recognition of, or confidence in Supply Chain from peer functions or from Executive management. Lack of an effective Supplier Relationship Management program.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

The back bone of all of it is Digital Technology: The Internet of Things (IoT) End to End Digital Connectivity Cloud Computing Blockchain Big Data Artificial Intelligence Predictive Analytics Machine Learning Virtual Reality Augmented Reality Voice Activated Technology Wearable Devices Robotics 3D Printing and On Demand, Additive Manufacturing Cyber Security Autonomous Vehicles Drones Software as a Service (SaaS) and much more. The same applies to data. Subscribe Here!

6 Trends Affecting Inbound Freight Management!

Supply Chain Game Changer

Successful inbound freight management depends on a strong logistics management program. Shippers need to understand the trends throughout the industry affecting inbound freight management and how to plan accordingly. Congress Will Affect Successful Inbound Freight Management. According to Truckinginfo.com , changes within the economy will be a significant driving force for upgrades and inbound freight management throughout 2019. Subscribe Here!

The 5 Point Last Minute Black Friday Supply Chain Checklist!

Supply Chain Game Changer

Is Your Inventory In Place? You can’t complete customer orders unless you have your inventory on hand. This typically means that your inventory must be on warehouse shelves in your (or your outsourced Logistics service provider’s) Distribution Centres, on shelves in your Retail outlets, or at Supplier locations, all ready to ship. You may also want to do some last-minute Inventory counting, especially on your high value, or high volume, goods.

The Hidden Complexity in the Retail Supply Chain!

Supply Chain Game Changer

But behind the curtain that is Retail there are a lot of people managing a lot of processes and dealing with a lot of complexity earnestly trying to make your goods available to you. Master Data. Within Retail having an excellent Master Data Management system and process is critical. For every sku there is an extensive amount of data that must be constantly input, updated, and available for reporting and tracking. SKU Management. Vendor Management.

Digital Transformation of Supply Chain Planning at SKF

ToolsGroup

As Jörg Schlager, SKF's Business Transformation Manager - Demand Chain, describes it, the company is looking around and seeing disruption everywhere. It managed local inventories fed by regional warehouses and factory warehouses (See Figure 1 below). Inventory planning was local. Inventories themselves were often local. In Figure 3 the functional groups in the organization are managing multiple roles.

What is SCM and Why is it Important?

Oracle SCM

The acronym SCM stands for supply chain management. It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. Today, SCM systems are critical to businesses of all sizes and in all industries for managing their day to day operations.

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What Supply Chain Data Should I Track in 2020?

Veridian Solutions

Supply chain data management requires attention to detail and a mechanism in place that provides analytics, or insights, to gain actionable knowledge. Risk exists around data when it is incorrectly or inaccurately collected and shared. To ensure your organization applies data correctly and generates meaningful KPIs , supply chain leaders must know the challenges of data tracking, how it improves operational excellence, and the primary types of data to track in 2020.

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Disruptive Warehouse Technologies for Any Company!

Supply Chain Game Changer

Everyone, including those who are best in class, has the need to reduce costs, improve the speed and accuracy of order fulfillment and warehouse activities, optimize inventory, and provide sufficient capacity to support growth at your busiest times of the year. You may want to receive faster, store goods faster, pick goods more quickly, fulfill customer orders faster, or count inventory faster. Inventory accuracy can be a perennial problem for many companies.

Freight Data Trends for 2019 and How a TMS Will Grow in Value

Cerasis

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. Shippers need to consider how the freight data trends will affect dropshipping, omnichannel shipping, reporting capabilities, and much more. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

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Point-of-Sale Data Use Cases Fuel Effective Trade Promotion Execution

Supply Chain Insights

Point-of-Sale data has become one of, if not the most important factor determining the success of a trade channel promotion. The global big data initiative was catapulted off the flight deck and the mission of shopper reconnaissance was executed in earnest. The digital transformation we are neck-high in now is just beginning; but it has already brought us significant breakthroughs in data acquisition and management as well as near and real-time consumer intelligence.

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Warehouse Automation May Not Automatically Resolve Data Issues…However This Can

OneSCM

With all the mobile devices, barcode scanners, sensors and other computing technologies online today, warehouse managers should have complete visibility into what is happening within their four walls at all times. Access to operational data is supposed to be easy in today’s “connected” digital world. Yet the logistics of connecting these data sets in a meaningful way may be making everyone’s job more difficult.

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6 Causes of Sub-Optimal Trade Compliance Performance

3rdwave

The issues and challenges are fundamental, like managing master data from a trade compliance perspective, classifying products effectively and efficiently for customs and PGAs, managing regulatory rulings, or screening accounts and contacts. Or, the issues and challenges focus on more sophisticated problems like improving processes to contribute to more efficient and effective global supply chain control and management. Poor Master Data Management.

Five Trends That Excite Me!

Supply Chain Shaman

EDI is too cumbersome, and SAP Ariba’s focus, despite the marketing hype, is primarily on managing indirect spending. (My Suitable and instrumental for contract management and supply chain finance? Master data management and standards are the bane of B2B connectivity. Can artificial intelligence make standard discussions obsolete, and master data management roles no longer necessary? Data today does not move at the speed of business.

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Faster and Fresher: Technology that’s changing the supply chain

ITradeNetwork

Logistics. This is particularly important in the food and beverage industry, where fast expiration dates put all logistics on a timeline. Incorporating a transportation management system provides an all-in-one option for planning, scheduling, and tracking every shipment. Inventory. While we can accept that this might not always be a reality, there is some inventory that needs to be handled with an especially prompt and careful approach.

The Role of Data Inaccuracy in Poor Omnichannel Experiences

Veridian Solutions

Poor data quality and accuracy are two of the most significant risks to omnichannel experiences. Applying the wrong data can result in poor omnichannel experiences and tarnish your brand. Data Inaccuracy Contributes to Poor Omnichannel Experiences. How Data Affects Omnichannel Experiences. Unfortunately, the nature of an omnichannel experience , blending traditional channels, requires accuracy and integrity in data. Track inventory in extreme care and detail.