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I laugh when business leaders tell me that they are going to replace their current supply chain planning technologies with “AI.” Each supply chain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. You are right.
This complexity has introduced gaps in visibility and responsiveness that traditional systems werent designed to handle. It is not a technology on its own, but rather a process that combines planning, execution, and monitoring through integrated tools and workflows.
A disruption at any point in the global logistics network including the average of 12 touch points from shipment packaging to final delivery can prove disastrous for profits, service levels, customer loyalty, and other key metrics. That may sound impossible, but new technology places this capability within the reach of every organization.
Many large organizations have multiple systems for order, warehouse, or transportation management that are barely integrated frequently not at all. Sudden and significant changes in demand, especially in consumer markets, stack up more challenges, requiring order revision and reallocation.
Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demand planning and supply chain management. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.
At this years keynote, Manhattan Associates outlined its current strategic direction, underscoring platform unification, AI integration, and leadership transition. His comments reflected a long-term orientation: technology and strategy are expected to evolve in parallel with shifts in the global supply chain environment.
The logistics and supply chain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Regulatory Demands: Governments worldwide are enforcing stricter emissions standards and introducing carbon taxation schemes, pressuring companies to adapt.
Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. We are a platform. You set a target inventory level.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. In my post Mea Culpa, I reference my work with the Gartner Supply Chain Hierarchy of Metrics. Error is error, but is it the most important metric? My answer is no.
Building a software company is hard work. Try to gain an understanding of how technological advancements can improve work. Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. The building of data listening platforms to enable teams to answer the questions that they did not know to ask.
Financial crises, global tensions, supply shortages, technological innovations, and regulatory changes are inevitable we just cant predict when theyll strike. This uncertainty makes dynamic inventory replenishment optimization essential for business success. Disruptions in the supply chain happen with surprising regularity.
The global supply chain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Preparing the next generation to excel in this dynamic field requires more than traditional education methods.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
Demand forecasting is a critical strategy for supply chain management that can dramatically improve business decision-making and financial performance. However, securing leadership buy-in for demand forecasting technology requires a strategic approach that clearly demonstrates value.
Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?
This requires a thorough readiness assessment, selection of appropriate technology, and careful integration with existing business processes. This assessment helps identify whether existing systems can support DPP integration and what upgrades or changes are necessary.
Located in the United Kingdom (UK), he has more than twelve years of experience in progressive roles driving demand-drive projects for their global supply chain. At the Supply Chain insights Global Summit , Nick shared his story on driving demand-based improvements. Components of a Demand-Driven Journey. Nick does this well.
Regulatory demands, rising consumer expectations, and global challenges such as climate change and social inequality have made sustainable practices a strategic priority. Senior leaders must think beyond incremental improvements, embracing systemic innovation to achieve significant environmental impact.
The waste included: Negative Forecast Value Added (FVA) in demand planning. In 85% of organizations that I work with, conventional demand planning processes increase forecast error. This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing. Inventory Health.
While demand is high, ongoing product shortages continue to cause supply chain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations. If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges.
New forms of technology are an enabler. ” The problem is that each of the outside-in processes encountered problems with traditional technologies, and as a result, got stuck and had limited adoption. First the logic is only appropriate for turn volume items where there is no demand shaping activity.
This year’s conference brought together industry leaders, tech pioneers, and retail professionals to address challenges and opportunities, to explore technologies and strategies that promise to revolutionize the industry. Agent AI is emerging as a game-changing tool for understanding and responding to customer behavior in real-time.
Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. Investment in Legacy Technologies. The industry continues to invest in technology architectures that are inside-out and limited. A failed blogger.”
Thats why modern BI systems are quickly becoming the go-to solution for data-driven enterprises. They integrate, align, and activate data across the business to drive better, faster decisions unlike legacy reporting tools that can’t. But lets be clear: not all BI platforms are created equal. Why does that matter?
But shippers looking to avoid disruptions and ensure that tight inventory levels don’t lead to missed sales opportunities pulled their orders forward. As companies look ahead to the next three to six months, they’re weighing costs, risks, and demand as they plan and adapt their inventory strategies.
Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time. Integrated platforms unify procurement and supply chain teams, improving collaboration, compliance, and supplier relationship management. What Is Procurement?
Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. And that’s where real-time perpetual inventory signals come in. The larger the company, the greater the danger of duplicative, conflicting, or siloed systems.
Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep.
Supply chain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times.
How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots. But can technology do more?
Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor Transportation Metrics. Transportation metrics provide visibility that helps drive operative and competitive advantages.
Small companies outperform large companies, and the marquee customers of major supply chain planning technology providers underperform. The issue is that when companies optimize functional metrics, they throw the supply chain out of balance and sub-optimize value. Let me explain. Fundamental Shifts. Which makes me ask, why AI Stupid?
One of the industry’s biggest concerns is how to digitise and transform quickly, without starting from scratch and having to throw away your enormous investment in traditional systems. The good news is that you don’t have to—even if you have hundreds of legacy systems and ERP instances across your company.
Keeping up with customer demands, managing inventory, and making sure everything runs smoothly — it’s a lot to handle. And if you’re still relying on outdated systems, it’s like trying to juggle with one hand tied behind your back. Mobile ERP software is transforming warehouses just like yours.
We need planning platforms to keep up with all the changes. This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations.
Good forecasting leads to good demand planning —and good demand planning means better profitability. That’s why it’s essential to be sure you’re equipping your organization with the right demand planning software. Here are our answers to some of the most common questions about demand planning software.
In the early 2020s, Microsoft’s transportation and logistics team needed to meet growing demand for cloud services while managing carbon, cost and cycle time. To achieve those results, “we had to massage the platform to accept emissions data from our carriers,” Mr. De Golia explained. Access to the data needed to be democratized. “We
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?
Sales & Operations Planning: Why Execution is Essential In today’s fast-changing business environment, Sales and Operations Planning (S&OP) is essential for aligning demand, supply, and financials goals. Most S&OP efforts break down due to disconnected systems, siloed data, and a lack of cross-functional engagement.
If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. But when spend is scattered across systems, business units, and suppliers, finding those insights is easier said than done.
These virtual replicas of physical assets, processes, or systems allow leaders to simulate, analyze, and optimize real-world performancewithout incurring real-world risks. Static workflows based on outdated assumptions are no match for todays rapidly shifting inventorydemands.
Connected technology transforms traditional supply chains into dynamic systems capable of real-time decisions and proactive problem-solving. Data analytics also offers actionable insights for: Inventory Management: See stock levels across multiple locations in real-time.
Consumers are ever more conscious of value, sensitive to health and environmental issues – especially after the COVID pandemic, each demanding more options for their money. End-to-end supply chain visibility, planning, and execution support software are critical in agile supply chain performance.
To keep customers like my dad satisfied, RGD and Quick-commerce companies need to invest in new technologies to optimize the supply chain and logistics operations. These technologies are often invisible to the end-user but make a big difference in keeping the promises about product availability, freshness, and speed of delivery.
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