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Many companies use the term “smart forecasting” or “smart forecasts” without firm justification. Let’s distinguish between the Smart brand and being smart about the way you do your forecasting work. Demand forecasting is a critical part of the demand planning and S&OP process. Here are 5 tips that will help you execute your forecasts intelligently.
Jeff Baker, Vice President of Shared Services at Myers Industries. Companies implementing supply chain planning (SCP) have traditionally been very big companies or companies with complex supply chains. Neither of the customers highlighted in this article fall into that category. Supply chain planning is not just for the big boys. Myers Industries Implements John Galt Solutions.
In September 2022, we surveyed members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies – to get their perspective on the important lessons learned over the past two years that will help them to successfully navigate the transportation market in 2023.
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.
Sam Lurye and Joe Lynch discuss the Kargo story. Sam is the Founder and CEO of Kargo , a San Francisco tech firm that is on a mission to make factory operations as intuitive and responsive as reading Google Maps. About Sam Lurye. Sam Lurye is the Founder and CEO of Kargo. In October 2019, Sam founded Kargo with a vision to build the universal data layer between the physical world of freight and the digital ecosystem that manages it.
Supply chain decision-makers who overcome their fear of artificial intelligence (AI) and have embraced AI-driven technology, like AI-driven sales platforms, fare best and thrive.
Supply chain decision-makers who overcome their fear of artificial intelligence (AI) and have embraced AI-driven technology, like AI-driven sales platforms, fare best and thrive.
The general ledger has been around since the days when the abacus was a trailblazer. But while computers have mostly phased out beads, the general ledger still spearheads modern-day accounting. The general ledger (GL) is the recordkeeping system used to sort, store, and summarize a company’s financial transactions over time. It forms the backbone of any accounting system.
John Bell, head of the Department of Supply Chain Management at the University of Tennessee, explains why food processors and other industries are facing a critical shortage of carbon dioxide.
By Paul Rivers (pictured). Managing Director of Guidance Automation. The post Embracing Automation Technologies to Optimise Just-in-Time Processes appeared first on IT Supply Chain.
Before deciding to invest company resources in a supply chain transformation project, we need to demonstrate a return on investment. This exercise often comes down to one question: If I reduce inventory by X%, what does it save? On the other hand, if my new organization implies an increase in inventory, how can I take. Read more. Source.
By Richie Daigle (pictured). Enterprise Account Executive, Tive. The post Start 2023 with the Right Visibility Tech Stack appeared first on IT Supply Chain.
Rising climate change awareness has led to higher demand for sustainability actions. Consumers have made clear that businesses must demonstrate corporate responsibility for their environmental footprint.
LONDON , 12 December 2023. The Skill Dynamics eLearning platform comprises of three experiences that combine to deliver our world-class digital learning program. Until now, each of these technologies has had its own distinct product name. We felt we could help make our technology easier to understand – and say! – so we’re changing the names to make it clear that they are all modules within the Skill Dynamics platform.
“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.
They see you when you’re sleeping, they know when you’re awake, they’re cyber-criminals and they’re everywhere. No need to fear, cybersecurity is here with Part 2 of our 12 Days of Cybersecurity. Pour yourself a glass of eggnog, throw on your coziest slippers and enjoy these next six cybersecurity tips. And in case you missed it, you can check out Part 1 here. 7.
Every cloud has its silver lining, but where do opportunities lie in a global supply chain crisis? Crescent Enterprises' Neeraj Agrawal explains how businesses can capitalise on the opportunities offered by the pandemic and its ripple effect.
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
In the Digital Age, few technologies have had greater impact in the business world than cognitive technologies (aka artificial intelligence). The VentureBeat staff reports, “Artificial intelligence (AI) is a foundational catalyst for digital business, according to a new report by Gartner. The last 10 years represent a breakthrough period in AI’s development, spurred by the convergence of factors including the rise of big data, advancements in compute infrastructure, new machine learning te
The past two years have been a roller coaster ride for most industries. We have witnessed challenged supply chains, scrambled logistics networks, global health crises, unemployment, and much more. Although we have entered into the new normal, the pandemic has brought several operational challenges to the manufacturing industry ( State of Manufacturing report, Fictiv 2021 ).
o9 honored for helping clients operate a safe, efficient and reliable global cold food and beverage supply chain. DALLAS, Dec. 12, 2022 – o9 Solutions , a leading enterprise AI software platform provider for transforming planning and decision-making, was named as one of the winners of Food Logistics 2022 Top Software & Technology Providers award. . o9 enables some of the world’s largest companies to operate a safe, efficient and reliable global cold food and beverage supply chain.
The Inflation Reduction Act, signed in August, is designed to ease rising cost pressures for businesses and consumers. Its main intention is to curb inflation by reducing the federal deficit, lowering prescription drug prices, and investing in domestic energy production while promoting clean energy. The law, as passed, will raise $738 billion and authorize $391 billion in spending on energy and climate change, $238 billion in deficit reduction, three years of Affordable Care Act subsidies, presc
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.
When I was COO, IT/software engineering commonly reached out with requests like: “We’re running low on capacity and need another blade!” To which I’d think: “There’s goes another $400,000.” Like so many others, we had to continuously buy capacity to handle our growing peak periods – end of month, end of quarter, end of year, thousands upon thousands of concurrent sessions, seasonal fluctuations (like today’s BFCM).
This isn’t the first time Rivian has had a partnership with an established carmaker fall apart. Plans to build EVs with Ford Motor Co. were abandoned in November 2021.
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.
We proudly announce that Solvoyo has been named a Representative Vendor in five separate 2022 Gartner Market Guides for: – Retail Assortment Optimization Applications in Merchandising – Retail Unified Price, Promotion, and Markdown Optimization Applications: Short Life Cycle – Retail Forecasting, Allocation, and Replenishment Solutions – Retail Assortment Management Applications: Short Life Cycle Products – … Continue reading "Solvoyo Named as a Representative Vendor in 5 Gartner® 2022 Market G
Shippers need help with forecasting, strategy and carrier relationships just to stay afloat. Here are five key transportation concerns keeping them up at night.
Another new year upon us, and it is time to look ahead to the trends that are likely to dominate the procurement world over the coming months. We will also take a look over our shoulder at what have been the biggest issues of 2022, and how these have shaped our perspective as we head boldly into 2023.
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