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Interested in how blockchain-powered product transparency can help grow trust in your brand? We are creating an in-depth guide, sign up here to receive early access. “For every $1 spent on food, society pays $2 in health, environmental, and economic costs” (Source: Ellen MacArthur Foundation ). The comprehensive report, “Cities and Circular Economy for Food” from the Ellen Macarthur Foundation, looks to address key challenges created by the food industry today: Annual costs of $5.
In 1994, Amazon.com founder Jeff Bezos read a statistic that the Internet had been growing at 2300 percent annually. He fashioned that changing tide into a business plan that has been breaking barriers across supply chain and e-commerce that has left an indelible mark. But, is Amazon worried about the new “Walmart effect?” Beginning with.read More.
Supply Chain AI Series: Five Things You Need to Know to Achieve End-to-End Supply Chain Visibility Through AI. End-to-end visibility of supply chain can seem like a Utopian concept, mostly given the scale of operation that comes under its purview. Yet, a number of organizations are relentlessly pursuing it. Especially because such in-depth visibility into the supply chain can give you unprecedented control over the efficiency of your supply chain operations.
Outsourcing non-core business processes has been a time-tested way to cut costs while improving performance. Initially companies focused on functions like Finance and HR. But now they have started outsourcing supply chain business processes like demand planning, allowing them to focus on other business processes while gaining access to world class capabilities.
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.
I’ve watched many times as customers experience the power of modeling and prescriptive analytics for the first time. It’s like they are opening a great gift. True mathematical optimization is so incredibly attractive to supply chain professionals, that despite a crowded field of supply chain planning technologies getting to a point where you can hit the ‘optimize’ button, watch as the technology runs through thousands, sometimes millions of permutations, and marvel at the fully formed prescripti
by Bill DuBois The life sciences supply chain starts with a miracle. Is there a more challenging industry than life sciences? In a recent Forbes interview on why it’s so hard to bring tech into pharma, Vas Narasimhan, Chief Executive Officer of Novartis AG pointed out that only one in twenty drugs make it out of clinical trials. One in twenty. A rate that hasn’t increased in over a decade.
by Bill DuBois The life sciences supply chain starts with a miracle. Is there a more challenging industry than life sciences? In a recent Forbes interview on why it’s so hard to bring tech into pharma, Vas Narasimhan, Chief Executive Officer of Novartis AG pointed out that only one in twenty drugs make it out of clinical trials. One in twenty. A rate that hasn’t increased in over a decade.
Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. weather, social media). The good news is that these characteristics make demand planning a perfect fit for artificial intelligence solutions.
Over the last month, venture capitalists looking at the supply chain market called 3x/week. I know of five companies for sale. Sharks are in the water. The calls follow a predictable pattern. The first is to identify the potential available market. My response is, “The current market is smaller than the potential. Today, companies are waiting for the next evolution of planning software.
Current Capacity Outlook. Despite a difficult first three quarters of 2018, the market began to show signs of softening and improved capacity in Q4. This softening and improved truckload and intermodal capacity has continued into 2019, and the outlook for a steadier market has remained. This quick shift from the historically tight market of 2018 to a more shipper-friendly market at the start of 2019 has been a surprise to many within the industry.
[00:20] Opening / Introduction. AJ Khanijow is the founder and CEO of Fulfyld, an e-commerce fulfillment company that specializes in B2C shipments and home delivery. Fulfyld is based in Huntsville, Alabama. AJ grew up in Huntsville, AL and studied industrial engineering at Auburn University. [01:30] What was your first job? AJ’s first job was in the business intelligence space for a consulting company.
Blockchain technology represents one of the most significant advantages that supply chain leaders can utilize to improve logistics and reduce freight spend. As an immutable ledger, blockchain technology, while promising for outbound freight management, has unique implications for inbound logistics management. Shippers need to understand the use of blockchain for inbound logistics management, including where.read More.
The afternoon of the first day at the Ivalua Now event in Paris had a strong AI (artificial intelligence) flavour. (Now there’s an interesting question – if AI had a flavour, what exactly would it be? Fresh mint, maybe? Or aluminium, perhaps?) Anyway, there were also a couple of very good customer cases studies, but we’ll save those for a future discussion and focus on AI here.
With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. Amazon sells more than 3 billion products through 11 different country marketplaces globally. In the U.S. alone, Amazon introduced 208 million new products in 2018 — most of which are slow movers, or ‘long-tail’ items.
The term ‘Transportation Management System’ or TMS has become more common in the supply chain industry as companies turn to technology to stay competitive in a changing marketplace. Technology has revolutionized everything from how we watch TV, to how we buy our groceries, and even how we meet each other. It’s unsurprising, therefore, that a […].
“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.
Microsoft Excel is arguably the most widely used supply chain and logistics application , while blockchain is one of the most talked about emerging technologies in the industry, promising to transform the way companies share data and execute transactions with their trading partners. It was only a question of time before Excel and blockchain came together.
[00:21] Opening / Introduction. [00:42] Introduce yourself and your company. I am the Founder and CEO of Customodal, based in Marshfield, WI, [01:59] Tell us about your background. Where did you grow up? Go to school? What was your major in college? I grew up mostly in Madison, Wisconsin. I enrolled in the forestry program at the University of Wisconsin, but two years in I had an epiphany that I wanted to pursue business.
When a process occurs that does not fall within the rules and workflows within a TMS, the process is known as an exception. Unfortunately, the increasing complexity of supply chains and inbound freight management will likely continue to force exceptions in established workflows. In the past, someone had to intervene and handle the exception, but.read More.
by Teresa Chiykowski. In its January 2019 Research Advisory report, 2019 Predictions for Industry and Global Supply Chains , The Ferrari Consulting and Research Group advised supply chain management teams to prepare for continued higher levels of global supply chain risk , complexity and overall uncertainty. At the same time, organizations must be prepared to meet industry needs for increased digital transformation and highlights benefits of concurrent planning in this period of business uncert
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
I’ve watched many times as customers experience the power of modeling and prescriptive analytics for the first time. It’s like they are opening a great gift. True mathematical optimization is so incredibly attractive to supply chain professionals, that despite a crowded field of supply chain planning technologies getting to a point where you can hit the ‘optimize’ button, watch as the technology runs through thousands, sometimes millions of permutations, and marvel at the fully formed prescripti
Digital transformation often fails because of an inability to onboard suppliers and poor user adoption. Ivalua has announced the findings of a worldwide survey of supply chain, procurement and finance business leaders, on the status of their digital transformations, the obstacles encountered and keys to success. The research, conducted by Forrester Consulting and commissioned by Ivalua, used a digital maturity index to assess organizations’ structure, strategy, process, measurement and technolo
We just finished our conference, Descartes Evolution 2019, where the theme was Transforming the Customer Experience. I reflected on a session where our customer explained how they were transforming the customer experience in a unique way in logistics: by extending the planning horizon. The retailer significantly improved its ability to complete repairs on the first visit, and correspondingly cut overall response time, by providing better schedule visibility to technicians in advance of actual se
Why your “network” is not delivering the results you expect. The confusion in the market about the difference between multi-enterprise. The post 8 Signs Your Cloud B2B Network is Broken appeared first on The Network Effect.
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.
Cybersecurity is not a new topic in today’s world of supply chain management, but shippers often overlook the cybersecurity issues that exist with high-tech inbound freight management. Even if a shipper does everything right and checks all cybersecurity measures, it is possible for suppliers and vendors to introduce an element of criminal activity and maliciousness.read More.
by Dustin Mattison. I recently had the opportunity to talk with William Cure , a Certified SCM Change Leader with over 40 years of hands on experience. In my interview we discuss how to define enterprise resource planning (ERP) systems in supply chain planning, the reasons why we need ERP systems, problems faced with implementation and how to successfully implement a new ERP system in a corporation.
Nowadays, evolving technology can dramatically change the way society functions. I can still remember my very first cellphone. The most high-tech things it could do were make phone calls and send text messages, all hand-crafted in T9 of course. Fast forward fifteen years and now my cellphone also doubles as my HD camera, portable music device, library, fitness tracker, and of course, my means to call and text.
Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing opera
What is Remote-Insourcing? Sounds like an oxymoron, right? Not anymore. Remote-Insourcing isn’t outsourcing—it’s a revolutionary staffing model that lets our clients fill key entry-level positions with top-tier, loyal, long-term talent, integrated seamlessly into their businesses—just like local employees but without the turnover or W2 HR hassles. With under 4% unwanted attrition, you train once and keep the same team for years.
Crowdsourcing apps, same-day delivery, and ecommerce trends continue to impact last mile delivery expectations. With this ever-changing landscape, cost-effective management of the last mile has become a challenge that needs a broader view. Last mile home deliveries were once considered special handling services because they were infrequent and required special considerations to deliver a product to a consumer’s home.
Challenges like the driver shortage, capacity crunch, increased final mile delivery expectations and rising freight prices have shippers looking for ways to improve their supply chains. The solution to these problems is to implement a transportation management system (TMS). A robust TMS can speed up logistics operations, reduce waste and improve the company’s bottom line. […].
A key issue that comes to the forefront of any discussion on handling e-commerce demand will always involve warehouse management system (WMS) or other supply chain system upgrades. System upgrades are a terrific way to enhance productivity, increase efficiency, and provide real benefits to workers and stakeholders. Unfortunately, merely implementing a WMS itself is not.read More.
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