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The late Thomas Samuel Kuhn, an American philosopher of science, introduced the term “paradigm shift” in his 1962 The Structure of Scientific Revolutions. The term caught on. As Tania Lombrozo ( @TaniaLombrozo ), a psychology professor at Princeton University, notes, “Talk of paradigms and paradigm shifts has since become commonplace — not only in science, but also in business, social movements and beyond.”[1] She adds, “A paradigm shift is defined as ‘an impo
If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demand planning woes? In times that continue to defy our ability to predict them, the words of famous statistician George Box have never been more right: “All models are wrong, but some are useful.” So what can we do to make models more useful? Artificial intelligence and machine learning ( AI/ML ) can improve forecast accuracy, but a bigger problem is the failure to set accurate expectations around foreca
Your ship’s come in! That’s a good thing, right? Much of the merchandise languishing aboard cargo ships stuck in ports around the world during the pandemic-fueled supply chain crisis has made it to store shelves. No doubt this brings some mirth and merriment in an otherwise bleak stretch for consumers, but it also brings a massive migraine for retailers.
While the task and responsibility for managing the data supply chain is primarily the responsibility of information technology professionals, the concepts and tools we use every day directly apply to the data supply chain as well as the physical supply chain. .
By Dwight J. Lawrence (pictured). Content Writer. The post The Surprising Popularity Of Bitcoin Among Cryptocurrencies appeared first on IT Supply Chain.
Executive summary. According to Gartner (2018 Gartner S ales & O perations P lanning Success Survey ), the most popular evaluation metric for forecasts in Sales and Operations Planning is Mean Absolute Percentage Error (MAPE). This needs to change. Modern forecasts concern small quantities on a disaggregated level such as product-location-day. For such granular forecasts, MAPE values are extremely hard to judge and thereby disqualify as useful forecast quality indicators.
Executive summary. According to Gartner (2018 Gartner S ales & O perations P lanning Success Survey ), the most popular evaluation metric for forecasts in Sales and Operations Planning is Mean Absolute Percentage Error (MAPE). This needs to change. Modern forecasts concern small quantities on a disaggregated level such as product-location-day. For such granular forecasts, MAPE values are extremely hard to judge and thereby disqualify as useful forecast quality indicators.
By Chad McDonald (pictured). CISO at Radiant Logic. The post Why organisations need better Identity Access Management systems after the T-Mobile fraud scheme appeared first on IT Supply Chain.
One of my favorite movies is Robin Hood: Prince of Thieves. It was a drama that had some very comedic moments. In one segment, Robin Hood had a not too friendly run in with Friar Tuck. After a slight skirmish, he convinced him to join his merry band to impart some spiritual guidance. Now as it turned out, the friar had an even greater love than the divine.
By Stephen Gates (pictured). Security Evangelist at Checkmarx. The post Organisations worldwide must modernise through software appeared first on IT Supply Chain.
Achieving supply chain visibility isn't a matter of spending years to acquire a fixed view of suppliers, says Jack Dobson, commercial account lead with Palantir. It's about managing relationships that are in constant flux.
“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.
Here are five challenges facing supply chain managers today, with guidance on how a partnership approach that combines process, people and technology can help.
In this recorded panel at AdWeek’s Commerce Week, Crisp speaks with OMG’s John Schorr about how access to live retail data will change the game in CPG advertising. At AdWeek’s Commerce Week, Crisp’s SVP of Sales Stacy Bohrer and Business Line Leader Tony Miller took the stage with John Schorr, Managing Director of Commerce at OMG. The topic: how marketers can leverage real-time, store-level data to drive revolutionary results for brands.
In our prior published Supply Chain Matters commentary, we reviewed and provided some added insights on July’s global manufacturing PMI indices which are pointing to declining global supply chain production momentum. We indicated in our commentary that August usually represents the global supply chain ramp-up for supporting Q3 and Q 4 holiday spending on consumer goods, gifts and seasonal merchandise.
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
The supply chain has been through a lot over the past few years, and the instability, uncertainty, and volatility have not yet entirely subsided. Peak season pressure in the months ahead keeps the future of the supply chain atop the list of genuine concerns for many businesses. What have you done to prepare for peak season 2022? The post Prepare For Peak Season and Your Future Supply Chain Strategy appeared first on MercuryGate International.
The U.S. added 528,000 jobs in July as the jobs market returned to pre-pandemic levels, adding a total of 22 million jobs since reaching a low in April 2020.
Ensuring efficiency in your procurement process has a positive chain reaction within your entire organization. The objectives of a world-class procurement organization are far beyond the traditional belief that procurement’s primary role is to obtain goods and services in response to internal needs. In fact, a successful procurement process aims to optimize the whole process to create significant business value.
It is by now painfully clear that the vast majority of small and medium-sized businesses need to adopt a new approach to supplier networks and inventory management if they are to stay sufficiently agile to be competitive.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
• An organization’s long-term growth and sustainability are hinged on strategic management of organizational expenditures. • An organization’s spending determines how much money goes to suppliers and how much remains to pursue other strategic growth objectives. • Strategic spend management is a renewed outlook on spending management entailing careful planning of your expenditure – overheads, […].
An investor group led by Apollo Global Management Inc. is acquiring Atlas Air Worldwide Holdings Inc. for about $2.9 billion, expanding its foray into aircraft leasing and charter flying as demand for air cargo cools from pandemic-era highs.
Why your delivery management tech platform needs a solid integration marketplace? Managing home deliveries and logistics relies a lot on manual processes. And this leads to inefficiencies. Over the past decade and especially in the past couple of years after the pandemic, the use of technology and automation for logistics has picked up and […].
The era of Supplier Experience is here. Accelerated by recent global events and propelled by today’s need to fundamentally change the way in which organizations interact with their suppliers, there is a realization in the industry that the enterprise-supplier relationship cannot be treated as a zero-sum game. Suppliers as an extension of the organization.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Amware CEO Harry Drajpuch recently appeared on the Get Down to Business with Shalom Klein radio show to discuss the importance of "everything that happens after the click" in eCommerce.
The Biden administration’s push to form an international buyers’ cartel to cap the price of Russian oil is facing resistance from maritime insurers that it cannot be reliably enforced.
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