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Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. Today’s article comes from Matt Boland at Koerber Supply Chain, and examines how technology can help improve on time in (OTIF) performance. In the supply chain, OTIF stands for “on time in full” and means delivering the correct goods in the right quantity to customers on the date promised.
Supply chain professionals have always depended on forecasting to help them balance supply and demand. With the maturation of artificial intelligence (AI) systems, predictive analytics have grown in importance. The difference between traditional forecasting and predictive analytics is granularity. The staff at Predictive Analytics World explains the difference this way: “Predictive analytics [goes] beyond standard forecasting by producing a predictive score for each customer or other organizatio
The realm of business today is incredibly competitive, with marketing standing as a critical determinant of a company’s triumph, particularly in the sector of supply chain. The good news is, I’ve got a cheat sheet of marketing tips designed to elevate your marketing strategy and give your supply chain company the boost it needs. Embrace Digital Marketing In this age where digital is king, merely existing online isn’t enough, it’s about leveraging this online platform opti
By David Jinks M.I.L.T. (pictured) Head of Consumer Research, ParcelHero The post France’s transatlantic sail-powered cargo revolution should put the wind up Brits appeared first on IT Supply Chain.
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.
The Medical Supply Chain Resiliency Act would allow the establishment of trusted trade partnerships to diversify the sourcing and procurement of medical devices as well as pharmaceuticals.
No manufacturer ever wants to deliver a product that’s anything less than exceptional. Consistently meeting or exceeding customer expectations is critical for building a loyal customer base and eking out a competitive advantage in today’s rapidly-changing marketplace, but it’s also the key to minimizing waste, maximizing operational efficiency and realizing a low cost of quality (COQ) that keeps profit margins high.
No manufacturer ever wants to deliver a product that’s anything less than exceptional. Consistently meeting or exceeding customer expectations is critical for building a loyal customer base and eking out a competitive advantage in today’s rapidly-changing marketplace, but it’s also the key to minimizing waste, maximizing operational efficiency and realizing a low cost of quality (COQ) that keeps profit margins high.
In today’s complex, fast-paced supply chain, well-oiled operations are essential. With the need to pivot quickly, organizations must remain flexible to adapt to ever-changing conditions. To make that happen, people, processes, and technology must gel into one symbiotic ecosystem. Unlocking the synergy between consulting services, ERP systems, and inventory management is the key to creating a powerhouse of efficiency.
Many companies around the world are currently in the midst of a strategic repositioning. The choices they make will determine whether they survive the coming decade of innovations, uncertainties and changes, or will be obliterated or acquired by competitors. The once-mighty conglomerate General Electric, built up by industrial icon Jack Welch, is being subdivided into three distinct companies, for example, because the various corporate structures, business models and supply chains have become so
Background In February of this year, numerous business and aerospace industry media reported on the milestone of the largest commercial aircraft order in the industry’s history. That milestone was a single order from Tata Group owned Air India Airlines for a total of 250 Airbus and 210 Boeing aircraft with a total list price value reported to be upwards of $60 billion.
“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.
Unlocking the Potential of 3D Printing for Spare Parts Availability Creating a new supply channel can be problematic. Creating a new channel with an experimental technology, in the context of a waning global pandemic and persistent supply chain disruptions, is also challenging. But the potential benefits demand the attention. The Background During the height of the pandemic, a large pharmaceutical manufacturer was exploring ways to reduce supply chain costs without impacting plant reliability.
Building Robust Supply Chains that are Equipped to Overcome Tomorrow’s Business Challenges According to Gartner ’s recent survey, only 21% of organizations are confident of operating with a highly resilient supply chain network. And high resilience here translates into good visibility and the agility to shift sourcing, manufacturing and distribution activities around swiftly and rapidly.
We wanted to alert our Supply Chain Matters readers to an upcoming special and rather timely podcast episode that publishes next week. Once again, our invited guest for our upcoming episode will be Professor Yossi Sheffi, Professor of Engineering at the Massachusetts Institute of Technology (MIT) where he also serves as long time Director for the MIT Center for Transportation and Logistics (CTL).
By Srdjan Gombar (pictured) Veteran Content Writer The post 7 Ways to Drive Sales and Increase Profit in the Manufacturing Industry appeared first on IT Supply Chain.
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
Supply Chain Matters provides highlights of supply chain planning and execution orchestration provider Kinaxis’s annual customer conference held both physically in Nashville, Tennessee , and virtually livestreamed. Kinexions23 turned out to be the most well attended event in this tech provider’s history, with upwards of 730 attendees in Nashville , and hundreds more streaming online.
For years, Microsoft Excel has been the go-to tool for businesses when it comes to data manipulation and analysis. Its powerful features have made it a staple in offices worldwide, but times are changing. While Excel remains an excellent resource for specific applications, there are more efficient alternatives available that can streamline many business activities.
Transporters serve as the backbone for successful delivery companies when it comes to long-haul, multi-day deliveries. Without these vital links in the supply chain, many organizations would struggle to grow their business. However, transporters face a call on their business growth as many of their systems lack tech and API capabilities, necessitating time-consuming manual coordination with intersted businesses.
Implicitly, when we think to pull flow, Kanban, for example, we think of short lead time. We trigger the next supply to renew consumption, so this implies a rapid reaction time, doesn’t it? On the other hand, for components with long lead times – say, for example, an item with a replenishment lead time of.
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.
As we move further into 2023, the spirit of teamwork and community service at Tecsys continues to thrive, even as the world around us evolves and our team has shifted to a remote-first working environment. The culture of camaraderie and community-mindedness that has been a hallmark of Tecsys for years has not only persisted but has grown stronger, proving to be a resilient force within the organization.
AI-driven Supply Chain Customer Segmentation Capabilities to Enable Businesses to Effectively Maximize Revenue , Prioritize Order Fulfillment, Improve Customer Satisfaction and Enhance Share of Wallet PALO ALTO, CA, June 22, 2023 /PRNewswire/ — ThroughPut Inc. , the Industrial AI Supply Chain pioneer, today announced the addition of powerful customer segmentation capabilities aimed at helping its customers plan, manage, and fulfill demand more effectively.
Solvoyo, a leading provider of intelligent supply chain planning and optimization solutions, has recently been recognized by G2, the world’s largest tech marketplace, with multiple High Performer badges in Supply Chain Suites, Supply Planning, Demand Planning, Enterprise Supply Chain Planning, and Users Love Us categories. G2’s recognition of Solvoyo’s supply chain suites further establishes the … Continue reading "Solvoyo Earns G2 High Performer Badges for Multiple Categories" The post Solvoyo
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.
What is Machine Learning? It is a branch of artificial intelligence that focuses on creating algorithms that allow computers to learn from data. Unlike traditional programming, where the computer follows specific instructions to perform a task, machine learning helps the computer to learn from experience. The process begins by acquiring data used to train a model.
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