Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. However, Master Data Management is seen as a challenge in most organizations. Important data is a matter of perspective. As a result, there is no single system of record for master data.

Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. However, Master Data Management is seen as a challenge in most organizations. Important data is a matter of perspective. As a result, there is no single system of record for master data.

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Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. However, Master Data Management is seen as a challenge in most organizations. Important data is a matter of perspective. As a result, there is no single system of record for master data.

Roberto Crippa: “If you try to manage new business with old rules you fail”

Supply Chain Movement

Until June of this year, Tecniplast, an Italian manufacturer of laboratory equipment and specialised plastics, did not have a formal supply chain. The business and the mind-set of the company had already moved from one that used to sell products to one that manufactures and delivers complex solutions. One is the customised manufacturing of high quality design plastic objects such as tables and chairs. If you try to manage the new business with the old rules you fail.

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Supply Chain and Logistics Predictions for 2016

Talking Logistics

more near-shoring and larger, less frequent shipments to minimize transportation costs). How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? In short, the increased threat of terrorism underscores the importance of taking a smarter approach to supply chain risk management , which was one of my predictions for 2014. The Rebirth of Transportation Marketplaces (UberCARGO, Cargomatic, and Freight Friend).

Top Talking Logistics Posts & Episodes (Q1 2016)

Talking Logistics

Chipotle: The Latest Example of Why Supply Chain Risk Management Matters. The Impact of SOLAS on Ocean Shipping and Data Management. Sports Authority: Another Not-So-Great Moment in Supplier Relationship Management. It Isn’t That Simple: Managing the Complexities of Parcel Shipping (2,981 views). The Omni-channel Effect on Manufacturers: Strategies for Success (2,689 views).

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

Talking Logistics

February 2016 Freight Transportation Services Index (TSI). If you’re not familiar with SOLAS, check out the two guest commentaries we have published on the topic in recent months: Don’t Get Caught Off-Guard: Preparing for July 2016 SOLAS Shipper Mandates and The Impact of SOLAS on Ocean Shipping and Data Management. the Freight Transportation Services Index (TSI) fell 0.7

This Week in Logistics News (June 27 – July 1, 2016)

Talking Logistics

Trucker Path Joins AscendTMS™ to Offer Free Transportation Management Software (TMS) to Carriers and Freight Brokers. Descartes: The Impact of SOLAS on Ocean Shipping and Data Management. Orchestro’s data, visibility and analytics solutions strategically complement E2open’s recent acquisition of Demand Sensing solutions from Terra Technology.

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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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Welcome 2019

Supply Chain Shaman

Bear markets drive heightened interest in supply chain management. Companies cannot save their way to supply chain excellence with cost-cutting and inventory management — customer back capabilities. SAP won the fight, but ERP failed to make the desired mark on driving value in supply chain management. The flawed vision by Gartner of ERP II (the use of ERP as the backbone for supply chain management) is dead. Machine learning will redefine master data management.

Supply Chain Metrics - Gaining Visibility in a Data-rich World

Logility

The late consultant, educator, and author, Peter Drucker, is often quoted as saying "you can't manage what you can't measure.” In the field of supply chain management, we have created an abundance of metrics and key performance indicators (KPIs). ” Each functional area of the supply chain (purchasing, planning, distribution, manufacturing, customer service, etc.) Master Data Management.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

As a result, to fulfill customer-centric and demand-driven strategies, companies need to build outside-in processes using market and channel data to sense, shape and drive a more intelligent response. Enterra Solutions announced a partnership with Cap Gemini and ToolsGroup announced the release of a software solution for the self-correcting supply chain with a focus on cleaning data and detecting anomalies.) The supporting data will be self-correcting.

Six Must Have Supply Chain Capabilities for Success in the Food and Beverage Industry

Logility

Today, we continue this conversation and look at six must have capabilities that drive supply chain improvement for F&B manufacturers. The food & beverage industry faces a lengthy list of unique challenges from long raw material lead-times and volatile commodity pricing to safety and quality requirements combined with high demand uncertainty, frequent new product introductions, perishability and complex manufacturing constraints. Advanced Inventory Management.

Planned Obsolescence in the Durable Goods Industry

Logility

To some extent durable goods manufacturers can predict aggregate demand based on the average useful life for their products. Of course people like me, who stretch the limits on the useful life of a product, tend to throw outliers into the data. percent in May as demand for transportation equipment fell 1.0 Disposable income can ebb and flow abruptly due to natural and man-made disruptions, leaving durable goods manufacturers scrambling to dispose of excess inventory.

Planned Obsolescence in the Durable Goods Industry

Logility

To some extent durable goods manufacturers can predict aggregate demand based on the average useful life for their products. Of course people like me, who stretch the limits on the useful life of a product, tend to throw outliers into the data. percent in May as demand for transportation equipment fell 1.0 Disposable income can ebb and flow abruptly due to natural and man-made disruptions, leaving durable goods manufacturers scrambling to dispose of excess inventory.

Top 15 Logistics Blog Posts of 2014

Cerasis

We’ve already listed the top 10 manufacturing blog posts and the top 10 supply chain blog posts last week. Some logistics involves transportation or warehouses or both. The Warehouse Manager’s Complete Warehouse Traffic Management Checklist : A warehouse manager is responsible for ensuring the health and safety of their employees and others who visit your workplace. Any process or management after the sale of the product involves reverse logistics.

New job opportunity: Product Owner

DiManEx

Our goal is to revolutionize supply chains by using high quality 3D printing combined with supply chain data! DiManEx will revolutionize manufacturing supply chains, the way e-commerce has transformed retail. We partner with global operating companies like Wipro Limited (India) for engineering services and Arvato Bertelsmann GmbH (Germany) for transport services. 5+ years of professional experience with software product management. ? Job title: Product Owner.

New job opportunity: Product Owner

DiManEx

DiManEx makes 3D Printing embedded in industrial supply chains accessible to manufacturing companies with a global footprint at a click of a button with a unique digital supply platform. Along the way, this person will help us build the product management practice within DiManEx, both managing and improving existing releases & features as well as creating our new roadmap with innovative new data driven products, features and services.

Global Trends In Digital Supply Chain - 2019 Review

Abivin

The landscape of supply chain management is under evolvement as it is the answer to recent development in this industry. Source ) Even though Warehouse Management System (WMS) has been playing a crucial part in supply chain management, the emergence of autonomous mobile robots in optimizing picking process has become increasingly competitive. Source ) Furthermore, the AI technology can store data, analyze the patterns and predict future operation scenario.

Cognitive Computing: Getting Clear on Definitions

Supply Chain Shaman

The decision support technologies that we use today–price management, trade promotion management, network design, supply chain planning, transportation planning, supplier risk management–are on the cusp of redefinition through new forms of analytics. We are witnessing the evolution of analytics for pattern recognition, and unstructured text mining along with the redefinition of architectures to enable streaming data and real-time process innovation.

Dreaming of Clouds, Lakes and Streams

Supply Chain Shaman

Yesterday, I spoke at the Eye for Transport conference on the Big Data opportunity in supply chain. I hate the term Big Data. So, in summary, today, we don’t have a big data problem. Instead, and more exciting, I believe that we have a big data OPPORTUNITY! It is not driven by data volumes. Instead, it is driven by the opportunity to use new forms of data, and to improve the speed of decision making with increased data velocity.

Good Times Can Be Dangerous to Supply Chain Operations

Logility

A consequence of long periods of economic growth, like the one we just had from June 2009 until March 2020, is that many members of the supply chain team have only experienced managing a supply chain during growth. Supply chains face different challenges in growth versus recessive economies and must be managed to different company goals and objectives and different customer expectations. Inventory Management: During growth it seems you can never have enough inventory.

This Week in Logistics News (September 16-20, 2013)

Talking Logistics

Kewill and CarrierWeb Penetrate China Transportation Market with Mobility and Data Management Solutions. First, Amber Road announced that it has acquired EasyCargo, “a cloud-based solutions company with a specific focus on a subset of global trade management called China Trade Management, or CTM.” Meanwhile, Kewill and CarrierWeb announced that they are collaborating to develop the Transportation Management System (TMS) market in China.

Supply Chain Management – A 2012 Priority

Logility

” While the economic climate may be uncertain, many companies realize they have to invest in areas such as supply chain management software to be competitive and profitably grow. This is just below the top two areas Data Management Strategy (approx. 55%) and Business Process Management (approx.

Mitigate Seasonality and Other Logistics Disruptions with TMS Supporting Predictive Analytics

Supply Chain Collaborator

– Choose technology that supports operating with actionable data instead of making decisions based on questionable, public information. – Contradictory streams of conflicting industry media market perspectives is no way to plan for actual supply logistics. First, accept that it is nearly impossible to rely on trends data derived in industry media outlets for any kind of effective transportation planning. A manufacturing slowdown?

Global Trends In Digital Supply Chain - 2019 Review

Abivin

The landscape of supply chain management is under evolvement as it is the answer to recent development in this industry. Source) The emergence of autonomous mobile robots in optimizing picking process has placed a question for many Logistics managers about the competition between AMR and Warehouse Management System (WMS). This technology continues helping manufacturers to speed up the process, save time, capital and inventory by optimizing their supply chains.

We’re hiring! Join us as Product Owner

DiManEx

Using semantic search, large volume data extraction and supply chain analysis in combination with 3D printing capabilities, our unique algorithm-based service makes supply chains dramatically more efficient. What drives us is a mission to revolutionize manufacturing supply chains the way e-commerce transformed retail. We partner with global operating companies like Wipro for engineering services and Arvato Bertelsmann for transport services.

Digital Transformation in Trade Promotion: What Must Change?

Supply Chain Insights

Our survey on Revenue and Trade Promotion Management is closing soon; and we will have some pretty strong research to pass along on this topic; but you and I both know it is going to tell us that nearly half of the trade promotions continue to produce less than planned ROI. Predicting the success of trade promotion is what this rush to promotion optimization is all about; but, it’s more about the quality and quantity of the data.

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. Business Tips inventory management supplier relationship suppliers supply chain

COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

But with the vulnerability of such ultra-dependence on China now exposed, business managers should be planning how to increase the resilience of their supply chains. According to the World Economic Forum , the disruption to primary supply caused by the Coronavirus pandemic has seen many global manufacturing OEMs scrambling to find secondary or tertiary suppliers, as well as moving some core business functions back to their own factories.

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ThroughPut Inc. Appoints Global Leader in Product, Advanced Technologies & Big Data Analytics, Dr. Bhaskar Ballapragada, to Chief Technology Architect

ThroughPut

Ballapragada most recently served as the Chief Product Officer of RhythmOne [RTHM], with responsibilities for Global Product, Engineering and Data across companies worldwide operations. “We’re Bhaskar’s impressive track record over three-decades at four pioneering analytics companies highlights his proven experience in building multiple, large-scale, data-intensive platforms. In the modern world, data is like a part in the supply chain.

This Week in Logistics News (January 22-26, 2018)

Talking Logistics

E2open Strengthens Channel Data Management Capabilities with Acquisitions of Birch Worldwide and Entomo. It seeks to prohibit UPS from using drones, driverless vehicles and other new technology to transport, deliver or pick up packages, innovations that would curb demand for labor. Drones, driverless vehicles, and global trade all made the headlines in this week’s supply chain and logistics news… Teamsters Tell UPS: No Drones or Driverless Trucks (WSJ – sub.

Can demand sensing really work in today’s confusing IT landscape?

The Network Effect

Today’s retailers and manufacturers are awash in data that more precise and available than ever before. Much of newly available data requires that we use a massively scalable, network-based, real time platform in order to provide both a single version of the truth from a data integrity perspective as well as a seamless functional environment between planning and execution from a modularity perspective. Much More than a Demand Management Revolution.

How to Get the Benefit of GDPR for Your Supply Chain

Logistics Bureau

The General Data Protection Regulation or GDPR is often seen as a constraint on enterprises, rather than an opportunity. For supply chains, higher efficiency, lower costs, and better customer relationship management are just some of the possibilities. The goal of the GDPR is to give people greater control over their personal data. However, personal data can be any data relating to an identified or identifiable person. Data portability. Data subject.

What’s New in 2015 for the supply chain world? See 2014?s predictions.

Supply Chain View from the Field

With Amazon and others going to same day deliveries, the e-commerce boom is making transportation and delivery infrastructure more difficult to navigate. The recent spate of terrorism in France, the massive and mysterious number of airplane disasters in Malaysia, and even more regulatory risks will continue to drive greater disruptions – which again means better communication, risk mitigation, and early warning systems to alert managers when there is a problem.

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