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These figures show that efforts at inventory optimization aren't bearing fruit as retailers grapple with the conflicting demands of omni channel retailing and, more recently, the unpredictability posed by trade wars and other global disruptions.
Artificial Intelligence (AI) is everywhere around us. From simple digital watches to complex urban planning and development, the new form of intelligence is revolutionizing the way people live and the way companies work. Supply chain management is not an exception here because AI is changing it slowly but steadily. The process lasts for a long.read More.
Commonly, effective supply chains are defined as having the right product, at the right time, at the right place, in the right quantities, and of the right quality. Doubtlessly, the majority of business owners and Supply Chain Managers intend to execute all the factors mentioned above at the lowest possible cost. Having worked in supply chain for fourteen years in different areas from a Global Luxury brand to one of the biggest American IT corporations, I can say that executives seek projects an
There have been many ways that companies have attempted to exchange data and information with their trading partners over the years. One more recent method is through online customer portals. While these portals are meant to replace the manual processing of faxes and emails, they create their own integration challenges. What are some of those. Read more Integrating Customer Portals into End-to-End Supply Chain Processes.
Demand forecasting augmented by machine learning helps you better meet customer expectations with reduced inventory investment . By Alex Achour. Most companies view seasonality as a pattern of demand that has regular and predictable change occurring every calendar year, like beer sales rising in the midsummer months, and cold medicine in the winter.
by Alison Crawford. I’ll admit it, I am a not a great golfer. Even though I can now drive the ball well, two years ago I could barely make contact. Like every golfer, my short game needs work and more often than not I’m happy to just get the ball on the green, never mind close to the pin. If I actually manage to sink a putt there may or may not be some enthusiastic dancing on the green much to the embarrassment of the rest of my foursome.
by Alison Crawford. I’ll admit it, I am a not a great golfer. Even though I can now drive the ball well, two years ago I could barely make contact. Like every golfer, my short game needs work and more often than not I’m happy to just get the ball on the green, never mind close to the pin. If I actually manage to sink a putt there may or may not be some enthusiastic dancing on the green much to the embarrassment of the rest of my foursome.
It can be incredibly frustrating when the software you use to run your supply chain will become unsupported. This is happening with many on-premise solutions. Some tools may be acquired by competitors, who then incorporate them in a vastly more expensive package. The dilemma here often is: do I take the path of least resistance and upgrade to my current vendor’s costly new package, or do I risk running my business on a legacy solution a bit longer?
For the past six years, I have spent my labor day weekend preparing for the Supply Chain Insights Global Summit. Next week, I will welcome over 100 participants to the annual event. The event is designed to Imagine Supply Chain 2030. The format of the conference is different than most. There are no vendor booths or paid speaking engagements. I handpick each of the speakers and work with industry leaders to develop content.
There are twenty things companies need to know if they are contemplating a digital supply chain transformation. One thing that is very important, is that they learn about a new set of solutions called Supply Chain Collaboration Networks. The post 20 Things to Know about Supply Chain Digital Transformations appeared first on Logistics Viewpoints.
Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage
This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.
All businesses want to achieve success, but omnichannel supply chain success requires a comprehensive level of oversight and control in your operation. Omnichannel orders may come from anywhere, so significant risks exist. However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes? Apart from organizations that have recently invested and implemented.read More.
The youngest members of the generation known as Baby Boomers are approaching retirement age. If companies allow Baby Boomers’ years of expertise to walk out the door without capturing it, they are losing a valuable asset. Rebecca Brinkley, Director of Marketing and Communications at the American Gear Manufacturers Association, writes, “As the last of the baby boomers round their way up to 60, companies are slowly realizing that their retiring leadership is leaving gaps in intelligenc
Part II in our series on assessing your Demand Forecasting process . In Part I of this series , we looked at supply chain professionals’ perception of forecast accuracy and how they see their forecast evolving in the future. With supply chain complexity on the rise, can new technologies help to improve forecast accuracy and achieve benefits like an optimized inventory and better customer service?
I recently presented at the Gartner Supply Chain Executive Conference in Phoenix Arizona. It was a great conference, and I. The post Gartner Supply Chain Conference: Trends 2019 appeared first on The Network Effect.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Optimas will share how it’s partnering with ToolsGroup to manage supply chain complexity. and demand uncertainty. BOSTON (Sept 5, 2019) – ToolsGroup, a global leader in supply chain planning software, shared details of its participation with Optimas Solutions, a leading global industrial distributor and service provider, in the North American Supply Chain Summit (NASCES19), taking place September 10-11 in Chicago. .
5G connectivity will shape tomorrow’s fulfillment operations - nullifying latency, extending the cloud's reach, enabling real-time inventory status updates, supporting real-time analytics and more. It will provide at least ten times faster data transfer compared to 4G cellular networks. Event management of in-transit goods offers a great example of 5G’s value.
Supply chain leaders and managers have a mountain of responsibilities and oversee vast enterprises. Timeliness, speed, and order accuracy are some of the most in-demand aspects of today’s omnichannel world, but significant challenges still exist with inventory visibility. Failure to overcome these challenges will lead to additional problems throughout the supply chain, resulting in poor.read More.
by John Sicard A transformation is taking place. Political landscapes shift overnight, global trade is constantly changing, consumers demand increasingly personalized service and smaller day-to-day challenges hit without warning. If your job is supply chain management, how on earth do you plan for the unplannable? At Kinaxis, we devote our time to the innovative technologies, processes and methods that help our customers and partners navigate the changing landscape of supply chain planning.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Part I in our series on assessing your Demand Forecasting process. It’s no secret that demand is getting more difficult to predict. Is your demand forecasting process evolving with the times? How does your process stack up against others? Are you satisfied with your level of forecast accuracy? We are running a quiz to help supply chain professionals address these questions.
Readers old enough to remember the 1960s, might recall the television show “Green Acres” starring Eddie Albert and Eva Gabor as a couple who move from New York City to a country farm. The theme song for the show was written by Vic Mizzy and it began with the lyrics: Green acres is the place for me. Farm livin’ is the life for me. Land spreadin’ out so far and wide.
Study shows most companies are still formulating and gaining support for a digital strategy, and fear of change is the biggest roadblock. By George Fowler, group vice president, Spinnaker Supply Chain. Has your company initiated a digital transformation initiative? What’s driving you, or holding you back? If you’ve not yet embarked on your digitization journey, you seem to be in good company.
Omni-channel continues to be one of the hottest trends in supply chain management today, basically touching every software application you can imagine. In order to truly be omni-channel, retailers and brand manufacturers must provide a unified brand experience for their customers. This is true for all three major phases of the customer journey – before, during, and after the sale.
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.
Many discussions are occurring that reflect the need to upgrade systems, but companies remain reluctant to abandon their legacy systems. Meanwhile, a modern warehouse management system (WMS) deploys cloud-based capabilities to overcome small challenges that would present significant hurdles for legacy updates. Instead of going it blindly, supply chain leaders need to understand the limits.read More.
by Bill DuBois. It’s appropriate that I’m reading Nucleus Research’s piece “ Beyond Excel in Supply Chain Planning ” on a Thursday. I’m having a throwback Thursday moment as it was back in 2013 I made the case for Excel in a blog post titled, “ Hey software bullies, stop picking on Excel.” In my blog I observed that Excel was picking up the analytical gaps found in ERP systems.
It can be incredibly frustrating when the software you use to run your supply chain will become unsupported. This is happening with many on-premise solutions. Some tools may be acquired by competitors, who then incorporate them in a vastly more expensive package. The dilemma here often is: do I take the path of least resistance and upgrade to my current vendor’s costly new package, or do I risk running my business on a legacy solution a bit longer?
Digitization is not the future of effective supply chain management; it is the present. Organizations that are slow-walking the adoption of a digitization initiative are risking their competitive advantage and leaving significant money on the table across every link in the supply chain. Nevertheless, it is easy to understand why organizations might not pursue this.
2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.
On October 31st, the United Kingdom will leave the EU, with or without an exit deal. This, combined with the 2019 EU election results that changed the political landscape, opens speculation regarding this alternative reality, and what requirements it would put on companies in the EU. Since the establishment of the European single market in 1993, member countries of the EU have had the privilege of enjoying the guaranteed free movement of capital, goods, services, and labor within the EU without
Real-time transportation visibility has become a powerful tool for shippers and logistics services providers (LSPs). Because the market is so hot, a number of transportation visibility vendors have entered the space and, to get attention, have made big claims about their tracking capabilities, which are misleading potential users. What we are seeing is a bad case of “Big Hat, No Cattle”.
How often do you really think about final mile technology? The chances are good that the final mile is often an afterthought, but the likes of Amazon, Walmart, and Target are changing the narrative. As explained by Supply Chain 24/7, technological development has changed the way supply chains operate, and ongoing development will bridge the.read More.
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