Sat.Aug 28, 2021 - Fri.Sep 03, 2021

article thumbnail

Relationship Between Forecast Accuracy and Safety Stocks

Arkieva

A company’s total inventory is built up of many different parts such as strategic stock, anticipation stock, safety stock, cycle stock, unplanned stock. The cycle stock is the one most connected to the demand forecast; it is expected to be sold as the forecast becomes real demand. Safety stock on the other hand is extra stock to deal with the variability of the demand or supply.

article thumbnail

The Return of Demand: How Aerospace & Defense Can Prepare for the Next Normal with Virtual Twins

DELMIA Quintiq

The Aerospace & Defense (A&D) industry is arguably one that was most immediately and severely impacted by the coronavirus crisis. This is especially true in the commercial aircraft segment. However, as mentioned in a previous post , signs of increasing demand for commercial aviation are on the horizon. Preparing for this will require A&D manufacturers to digitally transform their operations and supply chains in a smart, sustainable and cost-effective way to improve visibility and agi

Aerospace 295
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

[Video] Order Orchestration: Enabling Agility in the Supply Chain

Talking Logistics

We hear a lot about the importance of having an “agile” supply chain, especially in the context of disruptions like the pandemic or the Suez Canal incident. What does having an agile supply chain mean? How is it linked to order orchestration? What actions should companies take to better prepare for the next disruption? Those. Read more [Video] Order Orchestration: Enabling Agility in the Supply Chain.

article thumbnail

One Stuck Box of Fertilizer Shows the Global Supply Chain Crisis

Supply Chain Brain

Somewhere in the world’s busiest port of Shanghai, a container of fertilizer sits among tens of thousands of boxes, waiting for a ride to the U.S. It’s been on the dock for months, trapped by typhoons and Covid outbreaks that have worsened major congestion in the global supply-chain network.

Global 145
article thumbnail

Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

article thumbnail

The Great Store Redo

Cathy Roberson

Stores are now having their day in the spotlight as retailers embrace multichannel services and consumers look for shopping and last-mile delivery options. The COVID-19 pandemic accelerated many retailers’ e-commerce strategies as stores battled temporary closures and consumers who were hesitant to shop in person once stores reopened. Retailers with stores invested in curbside pickups, online fulfillment in stores and partnered with crowdsourced platforms such as Instacart and DoorDash to

More Trending

article thumbnail

Is Every Company a Delivery Company?

Talking Logistics

I’ve commented several times about Meg Whitman’s statement a few years ago that “every company is a technology company.” Back in July, for example, I revisited the quote in response to Walmart’s announcement that it will offer technologies and capabilities to help other businesses navigate their own digital transformation and C.H. Robinson’s announcement of a.

Company 157
article thumbnail

How to Get Started with Supply Chain Risk Management

Supply Chain Brain

Risk is everywhere. Adverse events can and will happen at any time, and when events hit your supply chain, disruption and financial, operational, and reputational damage are not far behind. .

article thumbnail

The Role of Time & Space in Building Resilient Supply Chains

Adexa

The Role of Time & Space in Building Resilient Supply Chains. As we all know, light travels fast but at a finite speed. As a result, what we see or hear happened in the past. In most cases we call it real-time because our senses do not detect the latency. Our senses and analytical skills are very slow compared to what technology can offer. However, our cognitive skills remain superior.

article thumbnail

How have manufacturers and distributors evolved to meet the factory of the future?

SYSPRO Smarter ERP

The journey to reaching digital resiliency: pursuing digital transformation initiatives to thrive despite the ongoing pandemic challenges. The pandemic has shaken the manufacturing and distribution industry profoundly. Although the global supply chain is usually a well-oiled machine, the unprecedented crisis forced organizations to not only rethink manufacturing and distribution but to adapt operations to remain […].

Meeting 100
article thumbnail

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.

article thumbnail

Downtime in Manufacturing – 7 Ways to Get it Under Control

Unleashed

Production downtime is not only costly, but common – making it a multi million dollar problem for businesses. Here we examine manufacturing downtime in detail, including what it is, what causes it, and what it can cost your business. We also look at ways to prepare for and prevent this expensive issue. Because even small manufacturing firms with limited capital can reduce the risk of suffering unexpected outages through measures like preventive maintenance, staff training and the use of smart ma

article thumbnail

Global Supply Squeeze, Delta Virus Rip Through Factories

Supply Chain Brain

Orders at factories are piling up as companies around the world struggle to meet demand amid a damaging mixture of the coronavirus and widespread bottlenecks in supply chains.

Global 123
article thumbnail

Bend but Don’t Break: 3 Issues Facing Today’s Supply Chain

QAD

The year 2020 was a big year of disruption for people around the world. All facets of life as we knew it were impacted, changed and altered by the COVID-19 pandemic. We had hoped that 2021 would be better, and in many regards it is; in some, it is not. The pandemic still plays a role in most people’s lives in some way, every day. Businesses, especially those in manufacturing, are trying to rebound and return to some sense of normal; whatever that means.

article thumbnail

Reimagine Business with Flexible Supply Chain Thinking

Procurement Academy

How are adaptive organizations leveraging disrupting circumstances caused by the pandemic? Flexible supply chain thinking may be a solution. Being more elastic and developing a flexible oriented mind-frame can help us see different angles of the same disrupting events. Then you begin seeing problems as challenges, and figure out new possibilties to move forward.

article thumbnail

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.

article thumbnail

“Super shed” boom but there’s untapped value in physical store space

IT Supply Chain

By Oliver Guy (pictured). Senior Director, Industry Solutions at Software AG. The post “Super shed” boom but there’s untapped value in physical store space appeared first on IT Supply Chain.

article thumbnail

How to Digitize, Optimize, and Automate Complex Automotive & Industrial Supply Chains

Supply Chain Brain

Given the global nature of today’s supply networks, multi-tier visibility, planning and execution has become very complex. To manage today’s complexities, current systems are forcing functional groups to resolve problems with outdated processes and approaches.

article thumbnail

5 Must Read Books for Supply Chain!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Inventory Management Beyond the Mystery (Ebook). Must read books article and permission to publish here provided by Joshua Robinson. Self-learning is an important element of growing as a human being and reading books is not only entertaining but offers a great way to learn. Books can help students to absorb groundbreaking innovations, new concepts and teach them more about management practices.

article thumbnail

Integrated Supplier Management: Diagnostic Insights

QAD

During our virtual Tomorrow Thought Stream in May, which focused on suppliers and supply chain challenges, root causes and the latest best practices for addressing them , QAD introduced the Integrated Supplier Management Diagnostic tool. The Diagnostic consists of 12 questions that assess an enterprise’s strategic, tactical and operational supply chain planning and execution.

article thumbnail

GEP Spend Category Outlook 2024

Your Roadmap to Smarter Spend Management in 2024 Geopolitical, economic and supply chain challenges will stick around in 2024, but don’t despair. There are strategic opportunities to leverage AI-powered technology and digital toolsets to overcome these hurdles more effectively. GEP experts in nearly two dozen critical categories guide you in the right direction in our annual comprehensive resource — GEP Spend Category Outlook 2024.

article thumbnail

Bangkok Airways refused to pay ransom following data breach, resulting in data being dumped online

IT Supply Chain

By Brooks Wallace (pictured). VP EMEA at Deep Instinct. The post Bangkok Airways refused to pay ransom following data breach, resulting in data being dumped online appeared first on IT Supply Chain.

Data 96
article thumbnail

How One Covid Case Upended Toyota’s Just-in-Time Supply Chain

Supply Chain Brain

The snarls that finally toppled one of the world’s best-maintained supply chains have sparked deeper questions about whether the auto industry’s strategies to prioritize efficiency and maintain minimal inventory will endure in the post-pandemic world.

article thumbnail

Manage Your E-Commerce Store With No Inventory!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Drop Shipping Teddy Bears! Manage your E-Commerce store article and permission to publish here provided by Claire Glassman. A successful new business model has come to the forefront, and it doesn’t require you to have an inventory. E-commerce stores are now trendy, and their online sales are projected to make up to 18.1% of global retail sales.

article thumbnail

Easy Supply Chain Savings: A Simple Supply Chain Case Study

Logistics Bureau

Supply Chain & Logistics case studies are always interesting. This one is about easy ways to save money in your Supply Chain and Logistics operations if you just look at things differently. And it was an easy problem to fix! Maybe you have some similar examples you can share in the comments? Check out this article related to this topic: 7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management.

article thumbnail

How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

article thumbnail

The only way physical stores can compete with eCommerce is with a radical rethink of physical space

IT Supply Chain

By Sachin Jangam (pictured). Partner for Retail, Infosys Consulting. The post The only way physical stores can compete with eCommerce is with a radical rethink of physical space appeared first on IT Supply Chain.

Retail 87
article thumbnail

Fiberglass Shortage Disrupts Summer for Surfers, Boaters

Supply Chain Brain

The glittery, lightweight material goes into so many common outdoor products that it’s hard to imagine summertime without it. The supply-chain snarls show how broader forces in international trade, supply and demand have rippled through industries in the past year, leading to higher prices and slowing commerce.

article thumbnail

Not Just Another Automotive Industry Transformation

LevaData

The U.S. automotive industry is a key economic indicator of health and market sustainability; its conjoined relationship with supplier industries creates a profound economic and political influence. Yet, despite these roots and associative dependency, the instability of the automotive sector is absolute. Margins trend below 5% in the best of times, and profitability by volume is low, despite huge revenues and large employment numbers.

article thumbnail

How does Predictive Modelling help Risk Management?

Prophetic Technology

Predictive Modelling or Predictive Analytics is a carefully worked-out process that pursues to foretell episodes or after-effects by evaluating models likely to forecast outcomes.

article thumbnail

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.

article thumbnail

The pingdemic has notified all businesses that they need greater agility and resilience

IT Supply Chain

By Fraser Ironside (pictured). Director Business Consulting, Kinaxis. The post The pingdemic has notified all businesses that they need greater agility and resilience appeared first on IT Supply Chain.

article thumbnail

Design Group: Strong Through the Pandemic

Supply Chain Brain

Companies that implemented supply chain management software prior to the Corona crisis, benefited immensely from the optimized, digital processes during these turbulent times. One of these companies was IG Design Group.

article thumbnail

End-to-End Supply Chain Planning in an Upstream/Downstream Organization

Demand Driven Technologies

For small and medium enterprises, the question of upstream supply chain vs. downstream supply chain management does not arise. The factory is in direct contact with the company’s customers, and the supply chain team handles the end-to-end planning process: sales forecasts, order taking, production planning, procurement, inventory management and distribution.