Tue.Dec 05, 2023

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How is AI Revolutionizing Supply Chain Risk Management? 

Resilinc

Shahzaib Khan discusses Resilinc’s journey toward AI-driven supply chain excellence From its early inception in the 60s’ to its increasingly available public access, artificial intelligence (AI) has come a long way. As with any technology that innovates throughout the decades, AI has many milestones and historical roots—from its use in some of the first early natural language processing (NLP) programs (circa Daniel Bobrow’s STUDENT NLP) to IBM Watson beating Ken Jennings on Jeopardy in 2011

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Editor’s Choice: A Cybersecurity Planning Framework

Logistics Viewpoints

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. This article is from Patrick Byers, DevOps Engineer at Lucas Systems, and looks at cybersecurity planning frameworks. It is important to have a robust incident response plan in place for your distribution operation in the event of a cybersecurity breach.

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An Open Loop Is Critical for Innovative AI

ToolsGroup

How policy prototyping encourages responsible growth I’m proud to officially share with you today that Evo is an Open Loop participating company. What does that mean? Over the final quarter of 2020, Evo was a part of a team of leading AI companies in Europe brought together by Facebook that dedicated itself to developing a data-driven framework to manage AI risk while encouraging innovation and growth.

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Ask the Experts: How Does Innovation Impact the Skills Needed to Excel in Supply Chain?

John Galt

We asked supply chain experts and thought leaders: How does innovation impact the skills needed to thrive in supply chain? Read their thoughts!

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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PittaRosso: Artificial Intelligence-Driven Pricing and Promotion

ToolsGroup

Evo is proud of our academic collaborations. This is a way we can conduct research with some of the most brilliant scientists and researchers around the world, as well as help prepare future business leaders for today’s increasingly competitive and customer-centric markets. That’s why Evo CEO Fabrizio Fantini jumped at the chance to work with Harvard Business School Professor Ayelet Israeli to write up a case on PittaRosso’s holistic approach to AI-driven pricing and promotional decisions.

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Odette2023: Shaping the Future of Automotive Supply Chains

QAD

Building Sustainable Solutions in Automotive Supply Chains The Odette Conference 2023 , held in Berlin November 20-21, marked a significant milestone in the evolution of automotive supply chain management. Supply Chain Management in the automotive industry is not just a support function; it’s a strategic concern at the executive level. The industry’s shift towards digitalization emphasizes the need for standardization and collaboration to thrive.

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Maersk Investing $500M in Southeast Asian Supply Chains

Supply Chain Brain

The company said that it hopes the investment can improve regional supply chain resilience, lower trade costs and bolster customer experiences.

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AI Predictions For 2024

IT Supply Chain

By Andy Patel (pictured) Senior Researcher at WithSecure The post AI Predictions For 2024 appeared first on IT Supply Chain.

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The 2024 Managed Transportation Outlook: Building Resilience

NFI

Reading Time: 3 minutes A guest blog by Jeff Kanterman, SVP of Transportation Management, NFI Heading into 2024, the North American transportation environment will be shaped by cautious optimism amidst economic uncertainty. While demand is expected to begin improving midyear from current softness, shippers must maintain a disciplined approach focused on optimizing costs and supply chain networks.

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Guide to Business Writing

Everything you need to know about better business writing in one place. This is a complete guide to business writing — from a clear business writing definition to tips on how to hone your business writing skills.

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The Future of Manufacturing: Five Key Trends to Watch Out for in 2024

IT Supply Chain

By Carl Haycock (pictured) UK Operations Director, Domino Printing Sciences The post The Future of Manufacturing: Five Key Trends to Watch Out for in 2024 appeared first on IT Supply Chain.

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What is a Supply Chain Control Tower?

MercuryGate

The concept of a “Supply Chain Control Tower” epitomizes the wave of digital transformation that has swept across the industry, empowering supply chain professionals worldwide. The post What is a Supply Chain Control Tower? appeared first on MercuryGate International.

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Is Your Supply Chain Leaking Cash?

Logistics Bureau

Do you know that your supply chain can leak cash? Yes, it does leak profit! But where are these leaks and how big they are? Thankfully, the leaks are usually easy to stop. Let’s hear from Rob O’Byrne to find out if your supply chain has any leaks.  The post Is Your Supply Chain Leaking Cash? first appeared on Logistics Bureau.

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5 Demand Planning and Forecasting Methods that Accurately Predict Demand

ThroughPut

Keeping up with demand and market trends challenges most supply chain operators. Accurately forecasting sales with fluctuating demand cycles is difficult to achieve, and yes, there’s a direct impact: the less accurate the sales forecast, the less precise the stocking levels. The lack of forecasting accuracy can easily spill hardship into other departments.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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AI in eCommerce: Benefits, Use Cases, and Risks

Unleashed

Artificial intelligence (AI) is changing the game for online businesses. Shoppers can now enjoy more personalised buying journeys, as merchants make it faster and easier to find the products that they’re most likely to purchase. Goods are being produced, procured, and delivered more efficiently with reduced costs. And to put icing on the cake, predicting future product trends and consumer demand has never been easier thanks to new AI tools.

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Why Inventory Planning Shouldn’t Rely Exclusively on Simple Rules of Thumb

The Smart Software

For too many companies, a critical piece of data fact-finding ― the measurement of demand uncertainty ― is handled by simple but inaccurate rules of thumb. For example, demand planners will often compute safety stock by a user-defined multiple of the forecast or historical average. Or they may configure their ERP to order more when on hand inventory gets to 2 x the average demand over the lead time for important items and 1.5 x for less important ones.

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US Food Mfg. Thrives After Outsourcing MRO Supply Chain:13-year Partnership Generates Millions in Savings

Synovos

US Food Mfg. Thrives After Outsourcing MRO Supply Chain: 13-year Partnership Generates Millions in Savings The motivations for outsourcing your Maintenance, Repair and Operations (MRO) supply chain can change over time but choose the right provider and you’ll continue to reap the benefits even as your business needs evolve – as this case study of one US food manufacturer demonstrates.

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Founder Bob Ferrari Featured in Upcoming GS1 Podcast

Supply Chain Matters

The Supply Chain Matters blog alerts its readers that Founder and Managing Director Bob Ferrari will be featured as a speaker in an upcoming GSI Next Level Supply Chain Podcast occurring on December 6. The podcast is titled: Realigning Your Supply Chain for Resiliency and Success. In this podcast Bob addresses the overall state of supply chain transformation, the need for added resiliency in supply networks and the hottest topics in supply chain today.

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More Than 40 New Manufacturers Join Configura’s Platform in 2023

More than 40 manufacturers across the commercial interior, material handling, and kitchen and bath industries expand offers via Configura’s CET platform in 2023.

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Why Inventory Planning Shouldn’t Rely Exclusively on Simple Rules of Thumb

The Smart Software

For too many companies, a critical piece of data fact-finding ― the measurement of demand uncertainty ― is handled by simple but inaccurate rules of thumb. For example, demand planners will often compute safety stock by a user-defined multiple of the forecast or historical average. Or they may configure their ERP to order more when on hand inventory gets to 2 x the average demand over the lead time for important items and 1.5 x for less important ones.

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Protected: Worried about Peak Season? How 3PLs Can Handle Surges and Demand

BR Williams Supply Chain Management

Peak seasons bring a surge in demand that can either make or break many businesses.

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TMS Optimization Reimagined: Meeting the Needs of Today’s Shippers

Talking Logistics

TMS Optimization – A Short History Tier 1 Transportation Management System (TMS) providers love to talk about optimization. Why wouldn’t they? They have spent a great deal of time and treasure in the development of transport planning engines that are capable of solving huge problem sets quickly and to a high degree of optimality. Over. Read more The post TMS Optimization Reimagined: Meeting the Needs of Today’s Shippers appeared first on Talking Logistics with Adrian Gonzalez.

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Global Supply Chain News on Chinese Shipping Company Announces Plans for Giant Nuclear Powered Container Ship

Supply Chain Digest

China State Shipbuilding Corporation to Build 24,000 TEU Ship Using New Reactor Technology

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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.

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Alright, AI. Explain Yourself

Enterra Insights

We’ve all seen films about adolescent boys striking out and doing things their parents didn’t like. When caught in the middle of their misadventures, they were often confronted by their parents who said, “Alright young man, you better explain yourself.” Today’s headlines are filled with concerns about artificial intelligence (AI) systems; especially, when they produce unexpected, and sometimes incorrect, outputs.

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Supply Chain News on Already under Fire for Labor Standards, Injuries, Amazon Now Scrutinized for Hazardous Substance Handling

Supply Chain Digest

You put on this Suit, you put on these Gloves, and then you Clean it Up

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Watch: Prioritizing Trucking Cybersecurity — Before It's Too Late

Supply Chain Brain

Marli Hall, director of communications and member services with the National Motor Freight Traffic Association, explains how the cybersecurity threat to trucking can be addressed before an incident occurs.

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Happening Now: Freight volumes down in Atlanta, up on West Coast

West Coast and California Logistics

According to FreightWaves volume data, Atlanta’s share of the US freight market has fallen more than 11% over the past year. While, over the same period, the freight markets in California are recovering more of the market share they had lost to the East Coast.

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What is Mesh Networking Trends Report

This report details the capabilities of mesh networks, how they work, and the applications they thrive in supporting. Connectivity is necessary for optimal productivity, and mesh networking will soon be a significant provider of connectivity globally.

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Shipping CEOs at COP28 Announce Collaboration to Decarbonize Industry

Supply Chain Brain

An “unprecedented” collaboration between global shipping lines will focus on regulatory measures needed to create the right investment conditions for shipping’s green transition.

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10 Tips To Streamline Delivery Operations With Delivery Tracking Software

Loginext

Get a comprehensive overview of the importance of delivery tracking software with ten invaluable tips to streamline your delivery operations. With the right software, such as LogiNext, your business can optimize its delivery process and ensure customers have a positive experience. The post 10 Tips To Streamline Delivery Operations With Delivery Tracking Software appeared first on loginextsolutions.com.

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75% of Yellow Corp Properties Bought at Auction

Supply Chain Brain

The remaining Yellow Corp properties are expected to be sold for hundreds of millions of dollars over the coming months, said a person familiar with the process.

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