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 Impact of SOLAS on Ocean Shipping and Data Management

Talking Logistics

The Regulation’s Impact on Ocean Shipping and Data Management. The Regulation and Data Management. However, in today’s information-driven supply chain, data often flows in parallel with the passage of freight. Each of these supply chain participants may use various protocols, Enterprise Resource Planning (ERP) or Transportation Management (TM) systems, and information may be transmitted at different times.

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Master data management and the hidden costs of customer service

The Network Effect

CWCS Managed Hosting/Flickr. Note this the second installment in a series of posts on how master data management affect a company’s financial health. In my first post, I explored whether Wall Street should care about your master data management strategy. . When customer data has duplicates, is incomplete, or just generally inaccurate, companies will experience problems in revenue recognition, risk management, marketing and customer loyalty.

Master Data Management is Essential for Process Integrity

Accelogix

Master data management preserves the integrity of critical master data at the foundation of your automated business system, whether it is a WMS or any other transaction-centric application. Even though master data is established once and centrally maintained, it is constantly used to validate many of the elements of a given transaction. In complex business models, it is common to find master data maintained on one application and introduced to a downstream application.

Keys to Data Governance in Retail – The Challenges & Solutions!

Vinculum

Significance of Data for Retail Industry. Data has always been the backbone for retail brands in their decision-making process, strategic or otherwise. Data-driven insights are crucial for retail brands to gather customer-centric information, identify opportunities for customer acquisition, engagement and retention as well as enhance their supply chain management efficiency. Major Data-related Challenges in Retail. Redundant Data Points. Data Exposure.

Supply Chain and Logistics Predictions for 2016

Talking Logistics

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. It’s also important to note that shipping and aviation, two industries with significant greenhouse gas emissions, are not included in the COP21 agreement. Guess Who Announced New Transportation Management Software (TMS) Functionality Yesterday. The Right Mix of Technology, Managed Services, and Advice.

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

Talking Logistics

How long before Amazon announces that it is buying its own 18,000 TEU container ship? Speaking of container ships, there continues to be a lot of confusion and uncertainty surrounding the new SOLAS requirements, which go into effect on July 1, 2016. In short, everyone involved with ocean shipping needs to stay informed of the ongoing developments surrounding SOLAS.

Sam’s Club Updates Appointment Scheduler and OTIF Standards

Zipline Logistics

Download: Using Data to Drive OTIF and Retail Compliance Success. Download the free white paper to learn more about how data can be used to reduce logistics spend while improving supply chain performance. In this ebook, you will learn how data can be used to identify efficiencies and make logistics improvements. Typically, they evaluate standard metrics like on-time delivery, inventory management, missed shipments, lead time, and costs.

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Maintaining Industrial Assets with a Digital Twin

QAD

With the proper application and processes in place, there are technologies that can improve PPE asset management, which can in turn improve the overall manufacturing process. Asset management and maintenance have evolved some over the years. At home I have a 2-inch thick folder with the same data. This pairing of worlds can also allow for the analysis of data and monitoring of systems to identify problems before they even occur.

Coming to IRF 2019, Mumbai? Visit Vinculum at Booth #A22

Vinculum

Order and inventory management. Consistent product and master data management. Order & Inventory Management – Take control of your orders, inventory and returns through a single, real-time dashboard view of your orders and inventory across all sales channels. Marketplace Payments Reconciliation – Identify leakages on marketplaces such as commission overcharges, shipping overcharges, pick-pack overcharges etc.

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Big Data Analytics: A Key to a Successful Supply Chain in the Next 5 Years?

Cerasis

Big data utilization is the wave of the future for all aspects of business including supply chain management. The problem is that not every company has the resources to begin the process of big data management and have yet to see the extent of benefits it can provide to analyze and use such data management. There are several direct and indirect benefits to using big data analytics for your supply chain. Immediate Benefits of Big Data Analytics.

6 Reasons Why Retailers Need a PIM Solution

Vinculum

In order to juggle all of these channels, data and responsibilities, you need a PIM solution. Improve Quality of Data. At Vinculum, our Master Data Management system (MDM) creates a synchronized online/offline catalog of your existing products. With your Product Information Management software, you can also upgrade your customer service experience. Instead, a PIM system manages all of that for you. Create a Data-Driven Model.

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! Email Address.

A Guide to Maximizing Your Fleet Management Data

GTG Technology Group

Why You Should Pay Attention to Your Fleet Management Data. You don’t have to manage your fleet in the dark. Management data can shed light on your operations, exposing weaknesses and illuminating opportunities for improvement. Knowing how to effectively leverage management data, however, is something with which many operations struggle. Your data must be integrated and actionable for your business to enjoy real returns.

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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). In another example, minimizing distribution expense by going with the low cost shipping option, may extend shipment times and negatively impact customer service levels. Master Data Management.

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. The Move to LTL Digital Shipping.

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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.

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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Three Tough Headlines: What Can We Learn?

Supply Chain Shaman

I worked with consultants defining a business case for cloud-based supply chain solutions and new vendors looking to use artificial intelligence to solve the problems of master data management. Today, on average, there are 10-25 ships sitting on the water waiting to unload. Running a public software company in the supply chain management space is a tough job. Today is a rainy day in Philadelphia. I am recovering from bronchitis.

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.

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.

5 Quick Solutions for Simplifying Supply Chains

Unleashed

In an attempt to get back to supply chain basics, companies need to scrutinise their processes, from procurement through to storage and shipping. 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.

Behind the $5 billion dollars in logistics technology investments

Freightos

2: (Freight) Data Is The New Oil. Logistics technology attracted Aleph VC ’s Michael Eisenberg precisely because of the sector-specific challenges, which demand the combination of great software, stellar data management, and outstanding leadership: We like hard problems that help big global customers and industries. We also believe that data is the foundation of all 21st century business; he who has the data will win in the 21st century.

Can Blockchain Help With Supply Chain's Biggest Dilemmas?

Elementum

When applied to supply chain management, blockchain proposes a system that is flexible and secure, allowing real time and transparent contracts between organizations and third party partners.

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. Big Data OmniChannel

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

Talking Logistics

With many folks taking off early for the holiday weekend, I’ll just go straight to this week’s supply chain and logistics news that caught my attention: Exporters Wary as Shipping Safety Rule [SOLAS] Kicks In (WSJ – sub. With Amazon in mind, Wal-Mart to offer free shipping for 30 days (Reuters). Trucker Path Joins AscendTMS™ to Offer Free Transportation Management Software (TMS) to Carriers and Freight Brokers.

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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. Supply Chain has a central and pivotal role, if not the controlling responsibility, for Cash Cycle management.

Why Logistics and Transportation Should Digitize

3rdwave

The more granular and comprehensive the data captured in digital format, the higher the fidelity and resolution of the picture presented through digitization. Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. What is Digitization?

Why Trade Compliance Should Digitize

3rdwave

The more granular and comprehensive the data captured in digital format the higher the fidelity and resolution of the picture presented through digitization. Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. What is Digitization?

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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. Plus they want it all at the lowest cost possible (and free in the case of shipping). Master Data.

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

ITradeNetwork

Expeditious shipping is often a priority, and with good reason. Incorporating a transportation management system provides an all-in-one option for planning, scheduling, and tracking every shipment. Food and other perishable items require diligent inventory management to avoid spoilage, damage, or the passing of an expiration date before it even makes it onto the shelf. This delicate balance can be achieved more easily with electronic inventory and vendor management.

Top 15 Logistics Blog Posts of 2014

Cerasis

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. The manufacturing firm would then have to organise shipping of the defective product, testing the product, dismantling, repairing, recycling or disposing the product.

Why Trade Compliance Should Digitize

3rdwave

The more granular and comprehensive the data captured in digital format the higher the fidelity and resolution of the picture presented through digitization. Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. What is Digitization?

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The Dispatch Report | March 2019, Issue No. 11

Shipchain

So far, we have been overwhelmed with the amount of interest in what we’ve built, and we are so ready to watch it transform the world of shipping and logistics as we know it. ShipChain’s ideal customer is anyone managing a complex supply chain in essentially any industry that strives to stay ahead of the competition. We have shipped the Axle Gateway to our partners in California and we are happy to announce that it is working and transmitting data properly.

4 KPIs to Measure the Success of Your New Sustainability Strategy

AFFLINK

We've suggested four of the most valuable key performance indicators (KPIs) to determine whether or not your sustainable supply chain management strategy is meeting your intended outcomes. Less-than-truckload ( LTL ) freight classification is a shipment based on the density of the products shipped. The green objective here is to ship at the highest density possible, taking into consideration products, routes, stops, and contracts.