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Supply Chain Digital Twin software: Time to Correct Your Definition
River Logic
NOVEMBER 24, 2020
Supply Chain Planning Digital twin Supply chain digital twin
Definition Related Topics 
Control Towers: If Only There Was A Clear Definition
Supply Chain Shaman
MARCH 5, 2019
What is an easy definition? There is no class of technologies, or common definition, for “control towers.” The next time that someone in a meeting mentions the term control tower ask for a definition. Without clear definitions projects expect failure. We finished dinner. I pressed my neatly folded napkin to my lips. As we waited for coffee, silence hung heavy in the air.
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Three Types of SCM Definitions
SCM Research
JANUARY 20, 2018
Today, I present Mentzer et al.’s ’s (2001) must-read article, Defining Supply Chain Management.
Noob Guide to Supply Chain Management Definition
Supply Chain Opz
JULY 1, 2014
What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. Conclusion: the best way to understand supply chain management definition is to remember "key words" or "key concepts" such as network, 3 flows, coordination, conflicting objectives, cost/service trade-off and relationship.
Demystifying Control Towers: What Drives Effectiveness?
Speaker: Mauro Gonzalez, Founder and CEO of Alkimius Group & Andrew MacMillen, Principal Analyst at Nucleus Research
There are several competing definitions of supply chain control towers. Here to demystify their meaning and what it takes to have a successful implementation is Principal Nucleus Research Analyst, Andrew MacMillen in conversation with Alkimius founder & CEO, Mauro Gonzalez.
The New Definition of Supply Chain Agility and Resilience in an Unpredictable World
Logistics Viewpoints
JANUARY 26, 2021
The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. Natural disasters. Geopolitical events.
The Noob Guide to Supply Chain Definition
Supply Chain Opz
JULY 1, 2014
What is the definition of supply chain management? Because, each professional organization has its own version of the definition. So supply chain is definitely NOT the same as value chain. Conclusion: the best way to understand supply chain definition is to remember "key words" or "key concepts" such as network, 3 flows, coordination, conflicting objectives, cost/service trade-off and relationship.
Creating Better Concept Definitions in SCM
SCM Research
MARCH 24, 2016
Recommendations for Creating Better Concept Definitions in the Organizational, Behavioral, and Social Sciences. I believe we all have already experienced this: The same concept can sometimes be defined in very different ways by different authors. Conceptual clarity would certainly be great, but how can we achieve it? Think, for example, about concepts such as trust, integration or dependence. So, what do we really mean when we are talking about them?
A new definition for Integrated Business Planning
Supply Chain Movement
JANUARY 29, 2016
The answers made me realize I actually don’t know any widely acknowledged definition for IBP. As far as I know there is no agreed standard definition. Because when there is no agreed definition or standard, there are no clear rules. I also prefer the IBP abbreviation as it is a more inclusive definition. Shortcomings in existing IBP definitions. There are many different IBP definitions, one of them being ‘advanced S&OP’. A new IBP definition.
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The definitive guide to demand planning
TradeGecko
OCTOBER 3, 2018
Effective demand forecasting and demand planning are key to the longevity of wholesale and retail businesses alike. We look at some of the major aspects of the demand planning process and how they impact the entire supply chain. Business Growth Supply chain management Insights & Analysis Inventory Management
Understanding E-Commerce Fulfillment: Definition, Process, Resources!
Supply Chain Game Changer
APRIL 11, 2019
The post Understanding E-Commerce Fulfillment: Definition, Process, Resources! Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Keys to Success in Warehouse Management/Order Fulfillment! Video). Article originally published by, and permission to publish here provided by, Jake Rheude at [link]. Successful eCommerce businesses all have one thing in common: terrific eCommerce fulfillment. You might have the best product in the world. Your website is epic.
Home Depot Grows Revenues by Investing in Time Definite Deliveries
Logistics Viewpoints
MARCH 12, 2018
The post Home Depot Grows Revenues by Investing in Time Definite Deliveries appeared first on Logistics Viewpoints. Most companies invest in transportation management solutions to cut costs. Home Depot has proven that investing in this can improve service and grow revenues. This article describes the path they took to put this business case together. Retail Transportation Management Systems Home Depot logistics supply chain TMS
Supply Chain Costs: A Definitive Guide for Manufacturers
ThroughPut
MAY 5, 2020
The post Supply Chain Costs: A Definitive Guide for Manufacturers appeared first on ThroughPut. What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service.
What Is Inventory Replenishment? Definition, Methods, and Best Practices for Online Retailers
ShipBob
FEBRUARY 8, 2021
It definitely helps me with inventory management and seeing what’s going on. Definition, Methods, and Best Practices for Online Retailers appeared first on ShipBob
Supply Chain Costs: A Definitive Guide for Manufacturers
ThroughPut
MAY 5, 2020
The post Supply Chain Costs: A Definitive Guide for Manufacturers appeared first on ThroughPut. What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service.
Supply Chain Costs: A Definitive Guide for Manufacturers
ThroughPut
MAY 5, 2020
The post Supply Chain Costs: A Definitive Guide for Manufacturers appeared first on ThroughPut. What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service.
The Definitive Guide on Produce Season Transportation Impacts
Zipline Logistics
JANUARY 28, 2020
Check out our definitive guide on which crops affect produce season transportation most in each of the lower 48 states. The post The Definitive Guide on Produce Season Transportation Impacts appeared first on Zipline Logistics.
What Exactly Is Supply Chain Management? 10 Different Definitions!
Supply Chain Game Changer
NOVEMBER 13, 2018
So what exactly is the definition of “Supply Chain Management”? But that being said there are still a large number of definitions of “Supply Chain Management” Let’s review some of those definitions here: 10 Definitions of Supply Chain Management! A supply chain, in view of the above supply chain management definition, comprises a network of both entities and processes (the engineered flow). 10 Different Definitions!
Supply Chain Visibility: The Real Definition
3rdwave
JULY 26, 2018
Visibility is a buzzword word that is thrown around supply chain circles that has lost all meaning. It's time we define the various levels of visibility
Definitions for Supply Chain & Logistics – LLP, 3PL, 4PL and More
Logistics Bureau
MAY 26, 2020
What is LLP mean? What does 3PL stand for? How about 4PL and 5PL? More of these Supply Chain questions will be discussed in the video below: Best Regards, Rob O’Byrne. Email: robyrne@logisticsbureau.com. Phone: +61 417 417 307. 3PL Supply Chain Videos 4PL 5PL LLP
Brand Protection – The Definitive Role of the Supply Chain!
Supply Chain Game Changer
NOVEMBER 20, 2018
The post Brand Protection – The Definitive Role of the Supply Chain! Subscribe Here! Email Address. Check out Is Your Supply Chain A Cost Centre or a Value Creator? In this age of social media it is amazing how powerful that “likes” and “dislikes” and comments are to any single Brand. Marketing departments generally know this all too well and they spend a lot of time and money in promoting, protecting and preserving their Brands.
Stock replenishment definition
TradeGecko
MAY 31, 2019
Stock replenishment is one of the most important considerations when it comes to inventory management, as it helps ensure the right stock is on the shelves at the right time, while keeping inventory holding costs low and customers happy. Stock replenishment
New Definition of Logistics?
BluJay Solutions
JANUARY 30, 2013
I remember as a new professional in Logistics , I was taught an academic definition; Logistics means the right goods, reaching the right people at the right time. Well, as I look back at this definition as it stood then, it seemed fairly accurate. However with the changes in the industry and evolution of IT around Logistics, the definition has undergone change. So what is the new definition of Logistics? The post New Definition of Logistics?
The 7 Warehouse Service Offerings
The Logistics of Logistics
MARCH 18, 2013
Everyone knows what a warehouse is, but I decided to publish Wikipedia’s definition because it was really good. Warehouse Definition. As I read, the article, I thought it would be helpful to publish a definition or overview of the 7 warehouse service offerings described in the article. “If you can’t explain it simply, you don’t understand it well enough” – Albert Einstein. There are 7 main types of warehouse services offerings.
What is a 3PL? The Ultimate Guide Including Definitions of 1PL, 2PL, and 4PL!
Supply Chain Game Changer
NOVEMBER 17, 2018
To provide some context my definitions are based on the premise of how far removed the entity performing the logistics processes is from the original source of the finished product. Therefore on the 3plmanager.com blog the following definitions apply: 1st Party Logistics (1PL). The Ultimate Guide Including Definitions of 1PL, 2PL, and 4PL! Subscribe Here! Email Address.
Stock replenishment definition
TradeGecko
MAY 31, 2019
Stock replenishment is one of the most important considerations when it comes to inventory management, as it helps ensure the right stock is on the shelves at the right time, while keeping inventory holding costs low and customers happy. Stock replenishment
Average Cost Inventory Method: Definition, Formula & Method
EMERGE App
FEBRUARY 4, 2021
Average Cost Inventory Method; Definition. The post Average Cost Inventory Method: Definition, Formula & Method appeared first on Best Inventory Management Software for Small Businesses - EMERGE App.
Days Inventory Outstanding: Definition, Formula, Calculation
EMERGE App
JANUARY 13, 2021
While this would definitely improve the inventory outstanding, it does not benefit the overall profitability of the business. The post Days Inventory Outstanding: Definition, Formula, Calculation appeared first on Best Inventory Management Software for Small Businesses - EMERGE App.
Eight Rules for Formal Conceptual Definitions
SCM Research
DECEMBER 20, 2013
Theory-building empirical research needs formal conceptual definitions. Particularly, such definitions are necessary conditions for construct validity. But what is a “good” formal conceptual definition? ” (3) “Definitions should include only unambiguous and clear terms.” ” (4) “Definitions should have as few as possible terms in the conceptual definition to avoid violating the parsimony virtue of ‘good’ theory.”
The definitive guide to selling online
Vinculum
OCTOBER 1, 2020
The post The definitive guide to selling online appeared first on Vinculum Group. When everything is changing too fast, how’s your offline business is going to be last? At some point, you might need to expand your business online.
Machine Learning and Data Science Tools of the Trade: First-Order Difference
Arkieva
AUGUST 25, 2020
There are a number of data analysis “tools of the trade” that have proven effective in exploring data to get it to tell a story. One such method is the first-order difference (FOD). The purpose of this blog is to provide an overview of FOD with respect to profiling demand history.
MAD versus Standard Deviation for a Uniform Distribution
Arkieva
OCTOBER 6, 2020
In my last post, I talked about the relationship between the mean absolute deviation (MAD) and standard deviation (STDEV) for a normal distribution.
Data Science Tools of the Trade: Monte Carlo Computer Simulation
Arkieva
NOVEMBER 24, 2020
Monte Carlo Discrete Event Computer Simulation is a particularly powerful and flexible “tool of the trade” for a wide range of challenges in supply chain and operations management.
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