Thu.May 25, 2023

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The Promise and Peril of Generative AI for Supply Chains

Logistics Viewpoints

“Our rules of thumb are no longer up to the challenge.” This description by a Chief Supply Chain Officer of the state of the supply chain he found in his new role stuck with me. The tumult of our times has accelerated interest in artificial intelligence (AI) for help more advanced than rules, and ChatGPT’s release has rocketed this already-explosive growth.

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Unlocking the Power of Inventory Control Techniques

Logility

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. It’s no longer a luxury but a necessity, a critical cog in the wheel of successful supply chain management and warehousing. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency.

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Cognitive Computing, Decision-making, and the Supply Chain

Enterra Insights

Supply chains are becoming increasingly complex and, as a result, supply chain professionals are constantly facing information overload. Fortunately, cognitive computing solutions can help professionals deal with both information overload and complexity. When IBM coined the term “cognitive computing,” the company had information overload in mind.v, former CEO of IBM, explained, “The idea was to help you and I make better decisions amid cognitive overload. … If I considered the initia

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3 Steps to Embrace Decision-Centric Planning in Supply Chain

John Galt

What is decision-centric planning? Learn about what this concept means in the context of supply chain planning and what actions you can take to embrace it.

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Mastering Digital Transformation: Your Guide to a Successful MES Implementation

70% of digital transformation projects fail (BCG, 2020). In an industry where most large software implementations falter, we recognize the importance of planning, optimization, and execution. With over 25 years of industry experience and countless successful implementations, MASS Group is opening the vault of tips and tricks to provide a complimentary step-by-step guide in implementing a Work-In-Progress (WIP) tracking software.

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The Transformation of Supply Chain Finance in the Era of Digitalisation

IT Supply Chain

By Jessica Sweet (pictured) Content Writer at makeLifeSweeter.com The post The Transformation of Supply Chain Finance in the Era of Digitalisation appeared first on IT Supply Chain.

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Pay Gap Transparency: Equality and Pay in the Workplace

IT Supply Chain

By John Hampton (pictured) Content Writer The post Pay Gap Transparency: Equality and Pay in the Workplace appeared first on IT Supply Chain.

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Using Technology to Tackle the Problem of PFAS in the Supply Chain

Supply Chain Brain

These pollutants, commonly used for non-stick and detergent properties, don’t break down in the environment, and are linked to an array of health problems.

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Finding the light: supply chain scrutiny in 2023

IT Supply Chain

By Keith Berry (pictured) General Manager of KYC Solutions, Moody’s Analytics The post Finding the light: supply chain scrutiny in 2023 appeared first on IT Supply Chain.

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What Is Economic Order Quantity and What Are Its Challenges?

Locus

Since the start of 2023, we have been witnessing two news stories in the world of supply chain and logistics. One Walmart’s new Associate-to-Driver program launched at the beginning of this year. And another one is Amazon opening up new distribution centers and partnering with smaller carriers. There’s just one reason behind both these stories – the rapid rise in online shopping.

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The New GTM Playbook: 18 Ways to Future-Proof Your Sales Team

Longer sales cycles. Increasingly discerning buyers. More meetings. Intensifying competition. Economic uncertainty. Go-to-market teams of every size, in every industry, are grappling with these challenges firsthand. Thankfully, there’s an answer. We’ve developed an entirely new way for GTM leaders to identify and execute proven, data-driven strategies that drive revenue.

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The Importance of Network Observability in Modern IT Infrastructure

IT Supply Chain

By Rob Jackson (pictured) Content Writer The post The Importance of Network Observability in Modern IT Infrastructure appeared first on IT Supply Chain.

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Watch: Ensuring the Security of Critical Data in the Supply Chain

Supply Chain Brain

Risk mitigation has always been a part of supply chain management and will continue to be of great importance, says Jamie Rutherford, director of sales, supply chain, for Vector Security Networks.

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German Economy and Manufacturing Activity Now Reflect Recession

Supply Chain Matters

The Supply Chain Matters blog highlights this week’s reports that the German economy has officially slid into recession, and along with that, ongoing manufacturing recessionary conditions as-well. This week, business media reports indicate that the German economy, the largest in Europe , slid into economic recession as of the first quarter of 2023.

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10 Strategies for Reducing Dwell Time

Freight Plus

Whether you work in manufacturing, distribution, or retail, understanding dwell time is crucial for optimizing your supply chain efficiency and reducing costs. In today’s blog post, we will delve into the concept of dwell time and its significance in logistics operations. We also outline the ways it can impact your transportation costs and ten strategies […] The post 10 Strategies for Reducing Dwell Time appeared first on FreightPlus.

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Your Supply Chain Challenges, Solved!: 5 Guides

Download these 5 comprehensive guides designed to solve the toughest challenges facing supply chains today. After helping 1,200+ of the world’s most recognized brands to enhance and optimize their supply chains, FourKites has crafted step-by-step guides to help you solve your business’s most pressing challenges. The guides include: reducing transportation costs, improving customer satisfaction, optimizing inventory management, increasing workforce efficiency, and achieving sustainability and ESG

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TrackVia’s Exceptional Inventory Management Capabilities

TrackVia

Many companies are realizing the critical role that effective inventory management plays in streamlining warehouse operations and maintaining an edge over competitors. Mastering warehousing is not merely a distant goal; it has become a necessity for organizations aiming to maximize productivity, increase efficiency, and reduce costs. TrackVia’s inventory management capabilities, combined with the inherent advantages of low-code development, offer a comprehensive solution that can revolutio

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Inventory Planning Guide: Methods, Solutions & Steps

Unleashed

Do you know your optimal inventory levels? If not, you risk disappointing customers or running out of capital. The result is serious damage to the reputation and efficiency of your business. Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. Keep reading to learn how it can help your business today.

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Gartner names aioneers as a “Cool Vendor in Supply Chain Management Technology” for 2022

Aioneers

In October 2022, Gartner , a leading technological research and consulting firm, published a report identifying aioneers as a “cool vendor in supply chain management technology” for 2022. The evaluation was based on specific criteria that assessed technology platforms for their ability to help supply chain businesses overcome critical obstacles and maximize their growth.

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Adding Value to Your Company When You Don't Know Jack About Data

Global Trade Management

You finally got your supply chain visibility (see.it.all), but the positive effect still needs to be added. You may be rich in data but need help figuring out what to do with it (know.it.all)? Are you data-rich but still need to be data-wealthy? Why don't we compare a "rich person" in the classical sense to a "new data-rich supply chain manager" and see how they got rich and stayed wealthy?

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3 Sizzling Ways to Warm up Cold Calls

Even in today’s data-driven sales world, cold calling remains a fact of life for many go-to-market professionals. Fortunately, today’s sales leaders have a crucial advantage over their predecessors: market intelligence and outreach platforms that can warm up virtually any introduction.

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SMS Marketing For Small Businesses: How To Build A Better Strategy

IT Supply Chain

By Amanda Nelson (pictured) Professional Content Writer The post SMS Marketing For Small Businesses: How To Build A Better Strategy appeared first on IT Supply Chain.

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U.S. House Votes to Overturn Biden Administration Truck Emissions Rule

Supply Chain Brain

The opposition argued the rules would be too difficult to implement, leading to increased supply chain costs and more pressure on small business owners.

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Understanding the Gartner Top 25 Supply Chains 2023

Supply Chain Digest

Schneider Electric Tops the List, as We Explain the Methodology in Detail

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Dassault Systèmes DELMIA Apriso selected by Sonaca for their digital transformation project

DELMIA Quintiq

Sonaca, a global leader in the development and manufacturing of complex aero structures, implements Dassault Systemes’ DELMIA Apriso for Manufacturing Operations Management (MOM) Manufacturing Operations Management eradicates the usage of paper and limits the risk of errors in the highly competitive aerospace and defense industry Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced that Sonaca has selected Dassault Systèmes’ DELMIA Apriso solution as the platform technology f

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How One Manufacturer Used GEP SOFTWARE To Save $45M in Direct Material Sourcing

For global manufacturers, managing direct and indirect material spend can get very complicated very quickly. Multiple legacy systems prevent procurement from standardizing processes and tracking what they’re spending with each supplier. In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.

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Can Walmart’s Associate-to-Driver Program Solve the Driver Shortage?

Supply Chain Brain

Walmart has launched the Associate-to-Driver Program , adding drivers to the fleet by hiring internally. Is it a real remedy for the driver shortage, or simply a PR move aimed at boosting morale?

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Why use an averaged forecast?

Demand Driven Technologies

To make use of forecasts in a conventional MRP system, you generate supply orders, called planned orders, that align perfectly with the timing of these forecasts. The example below is a consumer item – a drink. Sales of this item are driven by seasonality and promotions. Understanding Seasonality and Promotions When analyzing the sales of.

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The Factors Affecting Retail Merchandising

Saleswarp

Retail merchandising is the process of planning, buying, and selling products that retailers offer to their customers. Merchandising is important for managing any store, from brick-and-mortar to online marketplaces. However, this process can be challenging as it is a poorly understood aspect of retail. It requires careful attention to detail as retailers can easily end up wasting products and losing profit from poor execution.

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10 KPIs for Effective Accounts Payable Management

Silvon Software

In today’s business landscape marked by supplier shortages, demand fluctuations, increased operating costs, and liquidity challenges, the Accounts Payable (AP) department has emerged as a central driver of business profitability. And as AP’s significance has continued to grow, it has become crucial for it to focus on optimizing processes and ensuring accountability.

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Outrun Your Competition: Best Practices for Accelerating Sales Processes

Longer sales cycles. Larger buying committees. Slow-moving compliance reviews. Every go-to-market team knows the frustrations that come from a drawn-out sales process. How can you speed it up? By building a modern GTM motion that uses data, automation, and proven best practices to unlock insights, engage customers, and win faster.