The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Shaman

JANUARY 31, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. The US GDP in 2021 grew at an unexpected rate of 5.7%

Procurement Analytics 219

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 219

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. Risk Management The department can proactively identify and address potential risks in the supply chain, such as material shortages, natural disasters, or political instability.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Supply Chain Shaman

FEBRUARY 7, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. Companies that viewed the pandemic as another risk management event will struggle the most with Q1 and Q2 earnings reports. The US GDP in 2021 grew at an unexpected rate of 5.7%

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Supply Chain Matters

OCTOBER 12, 2022

Our conclusion from this latest data was that global supply chains have now transitioned away from supply driven contraction to that of product demand driven. However, we would be remiss to not highlight some optimistic data related to overall global supply chain pressures and logistics costs. for September.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

Talking Logistics

JUNE 10, 2015

Over the past two years, I’ve written extensively about the growing importance of supply chain risk management and supply chain mapping. See for example: Rethinking Supply Chain Risk Management. Doing Nothing on Supply Chain Risk Management. Many Companies Falling Short on Supply Chain Risk Management.

Supply Chain Risk Management 100

Supply Chain Risk Management Risk Management Supply Chain Software Supply Chain Strategy 100

GlobalTranz

OCTOBER 6, 2021

Proper vetting of carriers helps ensure risk management, and creates a re liable network for future growth, scalability and flexibility. . Regardless, there’s a few other ways that more technology and strategic partnerships can add value, particularly in terms of data and centralized freight management. .

Prescriptive Analytics Software 216

Prescriptive Analytics Software Analytics Software Optimal Sourcing Supply Chain Network Software 216

Elementum

FEBRUARY 7, 2024

These tasks range from simple data entry activities to more intricate operations like managing the supply chain. Robotic Process Automation (RPA): Simplifying Tasks within BPA RPA, while limited to rule-based tasks, becomes a powerful tool when integrated with ML, handling data entry, and simple queries efficiently.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

SCMDOJO

APRIL 29, 2024

In this comprehensive guide, we’ll explore the key components of supply chain management, best practices, and how they can be tailored to specific industries. We’ll also delve into the importance of technology and data analytics in optimizing supply chain operations.

Supply Chain Planning Software 54

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Supply Chain Software 54

Supply Chain Shaman

MARCH 18, 2018

Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics.

Optimal Sourcing 171

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 171

Talking Logistics

AUGUST 16, 2018

Supply chain visibility enables proactive decision-making and effective risk management by providing a clear, end-to-end view of the movement of inventory. Specifically, it provides the data and metrics necessary to improve and control up and downstream processes.

Supply Chain Visibility 101

Supply Chain Visibility Supply Chain Software Supply Chain Logistics Network Optimization Software 101

Logistics Viewpoints

AUGUST 15, 2022

A MSCN is a collaborative solution for supply chain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. Networks have distinctive advantages when it comes to supplier onboarding, communication, partner management, and being able to provide unique analytics.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Supply Chain Shaman

MARCH 9, 2020

The order is a poor proxy for demand and few supply chains have access to consumption data. Supply chains operate blindly on order data. As a result, the supply chain processes are not aligned to sense and use data based on shifts in consumption. While good news travels quickly in an organization, bad news travels slowly.

Supply Chain Design Software 301

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Design 301

The Logistics & Supply Chain Management Society

MAY 28, 2022

In a recent Federation of European Risk Management Associations (FERMA) survey with McKinsey , business operations and supply chain emerged as weak points in the areas of risk and resilience. Risk planning and technology utilisation. Real-time data driven decision making is critical. It requires a robust framework.

Supply Chain Planning Software 269

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Innovation 269

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Logistics Viewpoints

APRIL 4, 2022

For some customers, they manage the inventory using a vendor managed inventory program. In some case they manage inventory at the customer’s site. “We They built them between 2012 and 2014, and then enhanced them when better supply chain risk management solutions became available.

Supply Chain Transformation 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194

Veridian Solutions

MARCH 16, 2020

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. Challenges in Tracking Supply Chain Data in 2020.

Supply Chain Strategy 59

Supply Chain Strategy Data Supply Chain Software Inventory Reduction 59

HICX Solutions

FEBRUARY 15, 2024

Organizations will need to consider and invest in customer experience metrics and data analytics to understand better what their customers want and enhance the supply chain’s ability to understand this. Supply chain management software and supplier data software empower organizations to collaborate and work together on a global level.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Optimal Sourcing 52

Supply Chain Shaman

JUNE 5, 2013

Clear understanding that the focus needs to be on the probability of the forecast, and that the focus needs to be outside-in based on channel data. Recognition of constraints and the management of floating bottlenecks. Management and planning of the entire network against a value network strategy. Supply Chain Planning Data.

Supply Chain Planning Software 220

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 220

Supply Chain Shaman

OCTOBER 25, 2013

It is a quest and the subject of my next book, Metrics That Matter , that will publish in September, 2014. We have found that nine out of ten organizations are stuck on their ability to make improvements on both operating margin and inventory turns in the same year. .” As I shuffle along, I am not sure. I shake my head.

Gartner 257

Gartner Supply Chain Strategy Supply Chain Software Supply Chain 257

Supply Chain Insights

JUNE 1, 2017

The importance of supplier development and risk management, along with corporate social responsibility and governance are emphasized. This continual effort to be able to have everyone on the same system seems to have a lot of supply chains stuck in the data sharing stage of end-to-end process development.

Supply Chain Strategy 161

Supply Chain Strategy Supply Chain Software Price Mitigation Strategies Supply Chain 161

E2open

OCTOBER 10, 2022

E2open’s reporting process continues to evolve along with its approach to corporate responsibility, which includes new data, transparency, and supporting protocols. The report covers data and metrics for e2open’s 2022 fiscal year (FY22), March 1, 2021, through February 28, 2022, unless otherwise noted.

Supply Chain Network Software 78

Supply Chain Network Software Logistics Network Optimization Software Government Optimization Software 78

GlobalTranz

SEPTEMBER 23, 2021

Proper vetting of carriers helps ensure risk management, and creates?are With driver shortages still impacting the industry and continual fluctuations with supply and demand balances, it is more important than ever for OTR managers to get on board with remote tools and digital services. transportation metrics ?that

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

QAD

FEBRUARY 7, 2023

Supplier relationship management falls under the larger supply chain management function your business requires to operate. Not to be confused with supplier risk management, supplier relationship management refers more to effectively managing supplier relationships to achieve better business outcomes.

Price Reduction 97

Price Reduction Material Savings Vendor Strategies Inventory Reduction 97

Kinaxis

DECEMBER 12, 2014

Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Reason #7 Making decisions based on bad data (supply chain data accuracy). Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. Do you do it?

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Planning Training Price Mitigation Strategies 240

Supply Chain Shaman

MAY 1, 2014

As hospitals adopted consignment planning programs, inventory progress slowed. The turns are the lowest of any industry, and despite investments in technologies and processes, inventory turns have only improved 3%, and Cash-T0-Cash (C2C) cycles have declined 4%. Aggressively Get and Use Channel Data. Share Data.

Supply Chain Planning Software 289

Supply Chain Planning Software San Diego Supply and Demand Pharmaceutical 289

TMC

NOVEMBER 18, 2015

There is growing interest in incorporating weather forecast data from a variety of sources into supply chain planning. Of course, weather represents only one corner of the supply chain risk universe, and companies have to be vigilant on multiple fronts. The raw data flows to Walgreens’ Centralized Security Operations Center.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Supply Chain Software 67

Precoro

DECEMBER 11, 2023

With strategic sourcing, historical and current data are collected in order to analyze established processes, predict market requirements, maximize purchasing power, and align purchasing strategy with organizational objectives. The metrics also serve as guidelines for evaluating potential partners to purchase from.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Supply Chain Shaman

JULY 29, 2013

Last week in the middle of a presentation, a supply chain leader made the statement, “We have solved the issues in supply through better optimization and use of data. The data models are wrong. Most organizations are stuck on their ability to drive improvements in operating margin and inventory cycles. Facing the Issue.

Supply Chain Planning Software 285

Supply Chain Planning Software Supply Chain Design Software Modeling Analytics Software 285

Supply Chain Matters

AUGUST 8, 2022

The overall takeaway from the July data was that global production momentum had begun to stagnate and in some regions such as the Eurozone, Taiwan, and to some extent , certain manufacturing regions of China, PMI values had reached contraction levels. . Additional Data- U.S. Logistics Managers Index.

Procurement Analytics 52

Procurement Analytics Report Global Supply Chain Software 52

ThroughPut

DECEMBER 6, 2023

.” Unlike diagnostic and descriptive analytics, which were designed to analyze situations after they happened, predictive analytics utilizes advanced data analytics techniques to forecast future outcomes. Data mining, for instance, delves deep into vast datasets, uncovering hidden patterns and correlations.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

SCMDOJO

JULY 24, 2023

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Unleashed

MARCH 23, 2021

That means someone has to analyse sales data and forecast demand in order to build a pipeline of suppliers able to meet said demand throughout its peaks and troughs. The main responsibility of a materials manager is to source the right goods at a reasonable price. The role of a materials manager. Demand and risk management.

Material Savings 98

Material Savings Purchasing Skills Manufacturing Procurement Negotiating Skills 98

Silvon Software

APRIL 11, 2024

Data stands as the cornerstone of the global economy, offering significant leverage to businesses poised for expansion. However, data alone lacks intrinsic value. Without analytical tools and methodologies, navigating through vast amounts of data can be overwhelming.

Predictive Analytics 83

Predictive Analytics Analytics Software Analytics Sourcing Strategies 83

Talking Logistics

JANUARY 8, 2018

If you were to add a subtitle to every supply chain professional’s job description it would be Risk Manager or Risk Mitigator. Cahn also highlighted on-time delivery risk: “Will a supplier be around to support my delivery schedules and can I trust them not to shut down my plant [due to a late or missed delivery],” he added. “Do

Supply Chain 103

Supply Chain Logistics Network Optimization Software Real-time Visibility Sourcing Strategies 103

Talking Logistics

JANUARY 5, 2014

Simply put, many companies are still falling short on supply chain risk management , and they continue to pay the price. The good news is that leading practices in supply chain risk management are well documented in various books and publications , and new software applications are emerging to help companies manage this process.

Logistics Network Optimization Software 178

Logistics Network Optimization Software Supply Chain Software Supply Chain Strategy Cost Reduction Strategies 178

Arkieva

AUGUST 8, 2016

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. New Study Shows a Rise in US Company Inventories. Supply Chain Wit: 10 Commandments of Supply Chain Management.

Sourcing Strategies 60

Sourcing Strategies Inventory Reduction Supply Chain Planning Software California 60