Wed.Jun 05, 2024

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What is Vendor Managed Inventory (VMI)? Supply Chain Explained.

ThroughPut

Vendor-managed inventory (VMI) is a collaborative supply chain management strategy where the vendor (supplier) manages the inventory levels at the customer’s location. This management involves the vendor monitoring stock levels, forecasting demand, and replenishing inventory. How does VMI work? VMI works through leveraging a couple of important elements.

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Warehouse Automation 101: A Beginner’s Guide

Logistics Viewpoints

Autonomous technology continues to make an impact on the supply chain. The autonomous supply chain , as I am writing about it here, applies to moving goods without human intervention (to some degree at least). While there is plenty of talk about autonomous transportation, including drones and self-driving trucks, warehouse automation is at the forefront of the autonomous supply chain.

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Beyond the Yard: How Velostics Streamlines Scheduling with Gaurav Khandelwal

The Logistics of Logistics

Gaurav Khandelwal and Joe Lynch discuss beyond the yard – how Velostics streamlines scheduling. Gaurav is the Founder and CEO of Velostics , a logistics Software-as-a-Service (SaaS) company specializing in unified scheduling of appointments, dock and yard management and digitizing the gate in/out process for shippers. Summary: Beyond the Yard: How Velostics Streamlines Scheduling In this podcast, Gaurav Khandelwal, CEO of Velostics, discusses how their cloud-based logistics software au

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Elevating Inventory Management with Multi-Echelon Inventory Optimization

Logility

Modern supply chains are far from linear. They now resemble complex labyrinths, where balancing overstocks and stockouts is merely the starting point. In this dynamic environment, businesses must meet rising customer service expectations while driving innovation and growth. Such complexity drives demand volatility. This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels.

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Provide Real Value in Your Applications with Data and Analytics

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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When People Change, We Need To Let Them: One Associate’s Message in Honor of Pride Month

BlueYonder

A note from the writer: I’m in a years-long group chat with a small group of the closest queer people in my life. We cheekily call it the GNN (Gay News Network), and we share everything from funny memes and ridiculous TikToks to inspiring articles and even our biggest worries and insecurities. Recently, I shared with the GNN some intimate, personal thoughts on change, and in honor of Pride month, I’d like to share an excerpt of that conversation with you.

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Volvo Set to Roll Out Supply Chain Tracker for EVs

Supply Chain Brain

The new tracker will provide details on materials used for EV batteries, as well as the carbon footprint for the batteries themselves.

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Understanding the Categories of Commercial Driver’s Licenses in the US

IT Supply Chain

By Ian Benson (pictured) Content Writer The post Understanding the Categories of Commercial Driver’s Licenses in the US appeared first on IT Supply Chain.

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Customer Segmentation: A Smarter Supply Chain Strategy to Streamline Operations & Boost Profits

ThroughPut

Here’s a simple yet illustrative example: Sara’s Sweets is a fictional bakery that collaborates with local cafes and also handles custom online orders directly from consumers. Online customers frequently demand highly customized products such as tailor-made cakes, detailing every aspect of their order. These requests are irregular but tend to spike during special occasions like weddings and the holiday season.

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Illuminating Adversarial Influence in Seaports

Exiger Perspectives

Illuminating Adversarial Influence in Seaports June 5, 2024 White Paper Challenge Maritime critical infrastructure security has been an increasing U.S. national security priority, particularly after the 2022 attacks on the Nord Stream pipelines in the Baltic Sea. There is growing concern about foreign influence in U.S. seaports as economic competitors and their governments make a concerted effort to expand influence into seaports around the world.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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Supply Chain Segmentation: A Smarter Strategy for Satisfying Customers and Increasing Profits

ThroughPut

Here’s a simple yet illustrative example: Sara’s Sweets is a fictional bakery that collaborates with local cafes and also handles custom online orders directly from consumers. Online customers frequently demand highly customized products, such as tailor-made cakes, detailing every aspect of their order. These requests are irregular but tend to spike during special occasions like weddings and the holiday season.

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EU Deforestation Regulation: How To Get Ready Today

Exiger Perspectives

EU Deforestation Regulation: How To Get Ready Today Prepare for Compliance with Our White Paper The Dec. 30 deadline to comply with the European Union’s Deforestation Regulation (EUDR) is looming for companies that operate within or into the EU. With severe penalties for noncompliance, including substantial fines and potential reputational damage, the time to act is now.

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Uncover Supplier ESG Risk with Resilinc’s ESG Risk Assessment

Resilinc

Learn how Resilinc’s ESG Risk Assessment can help your company proactively mitigate ESG Risks hidden in your supply chain. ESG (environmental, social, governance) is becoming increasingly important for supply chains across the globe. As governments introduce stricter ESG legislation related to environmental protection, labor rights, and corporate governance, companies must perform due diligence to avoid costly penalties and legal risks.

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The A-B-C of Route to Market: A Simple Guide to Achieving Success

Enchange Supply Chain Consultancy

Myself and Enchange colleagues have written 100’s of posts and articles about Route to Market for well over five years. It is fair to say that our message has spread far and wide and attracted a lot of attention in the RtM and commercial world. I want to bring this work together in the form of a simple new model. I will call this model the A-B-C of Route to Market.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Supply Chain News onInching Closer to the Autonomous Warehouse

Supply Chain Digest

German Software Firm Arvato Announces AI Powered WMS for Autonomous Operations

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The Trillion-Dollar Problem for Retailers: Not Having Clean Data

Supply Chain Brain

A study by the IHL Group found that retailers miss out on nearly $1 trillion in sales per year because of out-of-stock items.

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Happening Now: Signs of Transportation Market Tightening

West Coast and California Logistics

According to Trucking Dive , the transportation market is experiencing a “rightsizing.” 2024 is seeing about the same number of new trucking companies enter the market as there were last year. Overall, however, there are more trucking companies shutting down than there are entering the industry.

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Watch: How Can LSPs Help Their Customers To Weather Disruption?

Supply Chain Brain

Ann Marie Jonkman, senior director of global industry strategies with Blue Yonder, frames the key questions that logistics service providers should be asking, as they consider adopting innovative technologies on behalf of customers.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Introducing Precoro and Home Depot Integration — Simplified Procurement for Construction and Renovation

Precoro

Life as a procurement manager can be pretty hectic. Juggling multiple orders that need to be completed in short time frames and spending hours entering order details—it all adds up to a demanding day. Precoro is introducing a better solution that makes construction and renovation purchases quicker and error-free. Access Home Depot’s extensive catalog of building materials, renovation supplies, and gardening tools directly from within Precoro.

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U.K. Clothing Exports Take Nosedive Since Brexit

Supply Chain Brain

Exports of clothing and footwear from the U.K. to the EU have dipped from £7.4 billion ($9.4 billion) in 2019 to £2.7 billion in 2023.

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Auto, Steel Groups Urge Canada to Match U.S. Tariffs on China

Supply Chain Brain

Prime Minister Justin Trudeau and other Canadian officials have said they are monitoring the American tariff policy, but have not committed to following suit.

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Digital Freight Company Transfix Sells Brokerage Business

Supply Chain Brain

The sale will include the addition of 15,000 carriers for NFI Industries, while Transfix says it will keep just over 100 of its roughly 350 employees.

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.