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ERP (Enterprise Resource Planning) is an in-house system that sits behind the company firewall which houses all the core data needed for the day to day operation of the company. In most supply chains, the data, external trading partners, and the data is outside of this firewall. This disconnect means that vital data isn’t readily available when it’s needed.
TireHub is working to transform the tire distribution industry. They are using digital, supply chain technologies, to create on service excellence. Interestingly, the company was formed by two competitors - Goodyear and Bridgestone. The post TireHub Demonstrates the Success of the Amazon Business Model in B2B appeared first on Logistics Viewpoints.
Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory. How was BD Biosciences successful in reducing global distribution lead times between 30% and 60% in addition to: Increasing agility to prioritize urgent and ad-hoc customer requests Increasing global
Global hi-tech companies are struggling with the impact of the coronavirus. While the mortality rate at 2 percent does not sound like it should shut down global supply chains, 25 percent of those infected end up in intensive care. The high-tech industry is impacted particularly hard because so much of their contract manufacturing resides in China and they run JIT supply chains.
Global hi-tech companies are struggling with the impact of the coronavirus. While the mortality rate at 2 percent does not sound like it should shut down global supply chains, 25 percent of those infected end up in intensive care. The high-tech industry is impacted particularly hard because so much of their contract manufacturing resides in China and they run JIT supply chains.
Please enjoy this republication of a Supply & Demand Chain Executive article. Supply chain predictability… The post Predictability Is the Key to Supply Chain Sustainability (Part 1 of 2) appeared first on Tecsys.
It’s the food and beverage industry’s job to appeal to consumer tastes by keeping tabs on what’s hot and what’s not. In the 1990s, for instance, “fat free” or “reduced fat” was all the rage, evidenced by the variety of products with such descriptions featured in bold typeface on cartons, cardboard and boxes.
Deliverr, a startup that uses data and a network of warehouse partners to strategically position inventory and enable fast ecommerce deliveries for its customers, has raised $40 million in a new funding round, bringing its total raised to $70 million. The funding round was led by Activant Capital, with other investors that included 8VC, GLP and Ryan Petersen, founder and CEO of logistics and supply chain software platform Flexport.
Robots are a cornerstone of a smart factory, automating a wide range of manufacturing tasks that are monotonous, physically straining, or even hazardous. However, real-world robotics deployments have not lived up to the revolutionary potential the industrial sector had originally envisioned. Robot implementations are typically confined to specific applications, carry high costs, and are time-consuming.
It is 2020; we now have reasonably accurate short-term weather forecasts. NOAA, the National Oceanic and Atmospheric Administration in the US, reports that the five-day weather forecasts are approximately 90% accurate, 80% for the next seven-days, establishing an acceptable level of accuracy for this crucial external input for supply chain planning, especially short-term demand forecasting.
Join us for a memorable networking event on Tuesday, March 17, 2020 at Topgolf Las Vegas, where socializing is a sport. Engage with industry peers and thought leaders in supply chain and procurement over drinks, dinner and golf swings. REGISTER NOW > Space is limited. Registration subject to approval. The post EVENT: Bristlecone Networking Event at Topgolf Las Vegas – Tuesday, March 17, 2020 | 5:30-8:30 PM PT appeared first on Bristlecone.
Global trends in shipping continue to evolve in the wake of uncertainty and risk. The recent outbreak of the Coronavirus threatens to undermine use of shipping options that would involve air freight between the U.S. and China, explains Wired. New hazmat regulations are taking effect in 2020. Retailers are trying to stay evergreen and compete.read More.
Join us for a memorable networking event on Tuesday, March 17, 2020 at Topgolf Las Vegas, where socializing is a sport. Engage with industry peers and thought leaders in supply chain and procurement over drinks, dinner and golf swings. REGISTER NOW > Space is limited. Registration subject to approval. The post EVENT: SAP Ariba Live Partner Night at Topgolf Las Vegas – Tuesday, March 17, 2020 | 5:30-8:30 PM PT appeared first on Bristlecone.
Many companies have collaborative planning and forecasting processes with suppliers and manufacturing partners, but very few translate demand and production forecasts into transportation capacity requirements. Why is this becoming more important? What factors are driving the need for transportation forecasting? And how is technology helping to enable this process?
Depending on where you find your next load, the glass may be half empty or half full. Rates are unchanged or rising on half of the highest-volume van lanes, which may signal an early spring rebound. On the other hand, pessimists will point to the other half where rates declined, some by more than a few cents per mile.
The $53 trillion manufacturing economy in the US is undergoing a major automation paradigm shift due to Artificial Intelligence (AI). Thanks to new practical frameworks, automation projects that were once impossible or inefficient to implement are now being fast-tracked, and robotics automation is becoming increasingly relevant to a growing number of users and scenarios.
In this Video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares the three most used inventory control policies. These policies are divided into two groups, periodic review and continuous review. There is also a fourth policy called MRP logic or forecast based inventory planning which is the subject of a separate video blog that you can see here.
SAP S/4HANA is arguably the manufacturing industry’s best choice when it comes to simplifying a complicated legacy system landscape. It offers simplification of two critical asks – data models and functionalities. It is capable of tracking production and employee data in real-time and issuing alerts when output falls below a specified threshold, which enables the initiation of immediate corrective action.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Streaming APIs are used to read data in real-time from the web for consumers for precise, up-to-date results. For example, they are typically used by social media platforms to deliver media content such as audio and data.
I have made this post since there is material about this in the book. How an airplane is boarded is an interesting problem. Note that the article indicates that board the plane randomly is actually a pretty good way. This is a fun topic to discuss in class. –Bob. Astrophysicists Have Figured Out the Fastest Way to Board a Plane. It’s Nothing Like What Airlines Do Now.
The impact of the Coronavirus continues to be felt globally and the World Health Organization and government continues to urge caution as they implement controls to stem the flow of the infection. The death toll has reached over 900 and the number of confirmed cases has exceeded more than 40,000. Even more concerning is that the death toll has spread outside of mainland China and ships outside of ports in Hong Kong and Japan are being quarantined. .
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
There is a well-known idiom cautioning against throwing good money after bad. John Pavlus ( @johnpavlus ) writes, “Any student of economics knows this basic rule, which states that rational agents should not take irrecoverable or ‘sunk’ costs into account when making decisions about present or future investments. Nevertheless, human beings break this rule all the time, succumbing to a cognitive bias known as the ‘sunk-cost fallacy.’ If you have ever sat through a ba
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