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Imagine setting out on a cross-country road trip without a destination. Sure, you might see some interesting sights along the way, but without a clear endpoint, how will you know when you’ve arrived? Now, instead picture the same journey with a specific destination in mind. Every turn, rest stop and fuel stop is planned to get you closer to that endpoint efficiently and effectively.
Note: Today’s post is part of our “Editor’s Pick” series where we highlight posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This recent post by Mike Mulqueen from JBF Consulting’s blog highlights how to maximize your investment in a transportation management system (TMS).
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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.
In this blog, we are steering the conversation towards the transformative potential of technology in inventory management. The discussion centers around the limitations of simple thinking in managing inventory control processes and the necessity of adopting systematic software solutions. The post Simple is Good, Except When It Isn’t appeared first on Smart Software.
Summary: In retail forecasting, zero-sales events require special attention when training and applying demand models. It is difficult to find out ex post whether a zero-sales-event truly witnesses vanishing demand on a given day (as in “nobody took that product from the shelf”), or whether the predicted product was simply not available (as in “the product was not even put onto the shelf”).
Summary: In retail forecasting, zero-sales events require special attention when training and applying demand models. It is difficult to find out ex post whether a zero-sales-event truly witnesses vanishing demand on a given day (as in “nobody took that product from the shelf”), or whether the predicted product was simply not available (as in “the product was not even put onto the shelf”).
There is a longstanding marketing philosophy reflected in Harvard professor Theodore Levitt’s quote, “Sell the hole, not the drill.” The premise is that as a consumer, the outcome, the hole, is the goal. Accomplishing the goal without the cost or burden of owning and maintaining a drill is often optimal. The Current State of AI for Manufacturing Is the current state of AI for manufacturing a drill or the hole?
Explore the latest updates to Resilinc’s supply chain risk management solutions, including Collaboration Center 2.0, the Disruption Vulnerability Index (DVI), and more. At Resilinc, we constantly innovate our supply chain risk management solutions to meet our customers’ evolving needs—it’s part of why we’re The Gold Standard for Supply Chain Resilience.
Manufacturers are under constant pressure to innovate faster amid today’s increasingly competitive landscape. Yet macroeconomic forces beyond their control and continued supply chain instability make it difficult to maintain operational efficiency and achieve product realization goals. Companies must continually monitor and refine their processes to account for changing market conditions that impact product development.
LONDON (for immediate release) – HICX, the leading supplier experience platform, and DitchCarbon, the world’s source for carbon emission insight, have partnered to help businesses better meet Scope 3 challenges, by letting them supplement their supplier data with specialist data relating to carbon emissions. This will arm Procurement and Sustainability teams, with the necessary intelligence to make carbon-conscious decisions.
By Captain Steve Bomgardner (pictured) Vice President – Shipping & Offshore, Pole Star Global The post Future Proofing Shipping Against the Next Crisis appeared first on IT Supply Chain.
“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.
Supply chain planning and execution synchronization technology provider Kinaxis today announced the company’s broadened set of AI-infused capabilities which is being named Kinaxis Maestr o. Noted as a first in its kind, the capabilities combine what is described as a powerful combination of proprietary computational technologies and techniques that support supply chain planning and execution synchronization needs across an extended supply chain.
Chief Financial Officers (CFOs) are key players in safeguarding their organizations’ financial health. With margins tightening and operational demands increasing, CFOs can greatly benefit from actively optimizing freight audits. This is not merely about cost reduction; it’s about strategically utilizing these processes as essential tools for enhancing supply chain resilience, ensuring compliance, and fostering informed […] The post Strategic Cost Reduction for CFOs: Freight Aud
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. More Resources Home June 18, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
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
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.
Kearney's annual State of Logistics report estimates that sea level rise and inland flooding could cost the logistics industry billions annually by 2050.
Reverse logistics is crucial for eCommerce success. Delivery management software streamlines this process by automating return pickups, providing real-time tracking, and offering robust data analytics. This ensures efficient operations, reduces costs, and enhances customer satisfaction. The post How Does Delivery Management Software Manage Reverse Logistics For eCommerce Businesses?
The new whistleblower alleges that Boeing has lost track of hundreds of potentially defective parts, and that those parts have been installed in new planes.
From the foundation of your house to the ingredients in the foods you eat, many of the items you encounter every day started out in powder form. And many of those powders were shipped over the road using dry bulk trailers and equipment, such as those provided and/or arranged by third-party logistics (3PL) professionals. If you’re tasked with bulk powder transport for your business, read on as we break down a variety of elements you need to consider before putting your loads into motion.
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.
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Smart planning and the right tech elevates truck fleet utilization. Find out why MercuryGate’s transportation management system helps fleet managers manage routes, trucks, and budgets on one platform. The post Optimize Truck Fleet Routes and Maximize Every Mile appeared first on MercuryGate International.
Montreal, Canada , June 18, 2024 — Tecsys Inc. (TSX: TCS) will release its financial results for the fourth quarter and fiscal year 2024 ended April 30, 2024, on June 27, 2024, after the markets close. Tecsys President and CEO Peter Brereton, and CFO Mark J. Bentler, will host a conference call on June 28, 2024, at 8:30 a.m. ET to present and discuss the results with the analysts.
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