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Advanced technologies are gradually occupying even larger roles in the freight industry and supply chain management. With the rapid pace of innovation, the sector is bound to look completely different in the next several years… The post How AI, Automation, And Big Data Are Disrupting Freight appeared first on Gravity Supply Chain.
François-Régis Le Tourneau leads the efforts at L’Oreal for Standards & Prospective Process Improvement. At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, and L’Oréal’s approach to business that has allowed the company to continuously rank as a Supply Chains to Admire winner for four consecutive years.
E-commerce has transformed how consumers shop and purchase their favorite products, as well as try new products and services. As explained by eCornerAssist , the web influences more than 80 percent of all sales in today’s age. Even customers shopping in brick-and-mortar stores must be conscious of how online platforms, responsible for e-commerce sales, may affect overall sales.
Gartner’s most recent Magic Quadrant for Supply Chain Planning System of Record (21 August 2018, Amber Salley, Tim Payne, and Alex Pradha) calls out the concerns most often cited by users. These are the nine key issues users want to see addressed: Too much planner intervention and not enough automation, resulting in low planner productivity. Not getting timely plans/scenarios — plans are out of date by the time the planner sees them.
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.
The world's most sustainable company is a supply chain software company - Dassault Systemes. The world's least? Amazon. Amazon is an incredibly innovative company that has devoted virtually no innovation to improving the sustainability of their supply chain. The post The Worst and Best in Sustainability: Amazon vs. Dassault Systèmes appeared first on Logistics Viewpoints.
90, then 80, followed by 76. The highway rolls ahead of me. There are endless mile markers. It is a long day. Today, I am cruising major freeways traveling from Chicago to my new home in Pennsylvania. Against my friends’ advice, I decided to drive to speak to 120 business leaders at the Gains Systems event. The rain delays through the summer soured me on air travel.
90, then 80, followed by 76. The highway rolls ahead of me. There are endless mile markers. It is a long day. Today, I am cruising major freeways traveling from Chicago to my new home in Pennsylvania. Against my friends’ advice, I decided to drive to speak to 120 business leaders at the Gains Systems event. The rain delays through the summer soured me on air travel.
E-commerce is in the middle of a boom. The economy is strong, and trucking capacity is tight. Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. As e-commerce continues to expand, shippers must adapt to the changing needs of consumers and accommodate returns rates of up to 400-percent than that of traditional, brick-and-mortar purchases.
Author’s Note: The following is an excerpt from an article I wrote for CSCMP’s Supply Chain Quarterly (2018 Special Issue) titled “ Always something new to talk about ” that highlights key trends and developments in the transportation management systems (TMS) market. After 19 years, what else can you say about transportation management systems that you haven’t already said?
Effective communication is a vital component to successful supply chain management , yet an alarming amount of businesses have no official communication plan in place to guide their employees. On top of this, supply chain managers are rarely trained in communications and end up taking a very laissez faire attitude towards the entire process. To understand why this is a problem, stop and consider the effects of bad communication.
by Mike McAllister As the calendar turns to October, two things come immediately to mind. Pumpkin spice and Kinexions ’18. While we cannot unequivocally guarantee Kinexions ’18 will be a pumpkin spice free zone (after all, there are venues at the Gaylord Hotel at which one may procure hot, caffeinated, assumingly seasonally themed beverages), we can let you in on the identity of secret keynote speaker we’ve kept under wraps until now — Adam Grant.
An omnichannel retail strategy is the new norm in today’s supply chains. The days of managing channels on an individual basis are over, and consumers are using multiple devices and e-commerce platforms for nearly all purchases. In fact, 78% of U.S. individuals over the age of 15 at some point use e-commerce platforms to make purchases, asserts Business Insider.
This is the first of a series of four posts that will explore common forecasting myths. In supply chain the impact of a single error can quickly derail an entire forecast. This creates a ripple effect across the entire value chain which can result in lost sales or worse, a lost customer. How can you avoid a disaster like this? The first step is to recognize there are several myths surrounding the forecasting process that can lead you down the wrong path.
When you drop by your local Walmart, you are witnessing one of history’s greatest logistical and operational triumphs. According to Supply Chain Digest , this global retail giant operates more than 11,700 stores under 59 company names, with 2.3 million employees in 28 countries around the world while managing an average of $32 billion in inventory.
by Ilyas Kucukcay We live in a world of globalization. The geographical and cultural limitations our predecessors had to struggle to access goods and services has virtually gone down to nothing. In a globalized world, international trade agreements that bring many economies together to benefit from each other are essential for survival. In the past, we’ve witnessed tremendous levels of effort by governments and communities to form strong alliances to grow their economies faster and provide the b
“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.
The continuous development of technology means that the supply chain is constantly evolving as companies attempt to make their processes better. With this growth showing no signs of slowing down, it’s becoming increasingly more important for companies to be able to invest in their systems to keep up with their markets and customer demand. Vero Solutions has analyzed Gartner’s annual list of the best supply chains over the last decade to find out which companies and industries are leading t
In modern supply chains, communication and collaboration are everything. Systems that work together can ensure that all parties in the supply chain have access to the information and resources necessary to fulfill more orders and please customers. The introduction of blockchain technology is no different from traditional upgrades to supply chain management systems.
Working Capital seems easy enough to understand. Divide a company’s current assets by its current liabilities and you get a ratio that helps you determine how easily a company could cover its short term debt. This is generally referred to as how liquid a company is. However, this doesn’t always paint a clear picture.
New technologies vary in how quickly they penetrate the economy. For a long time, blockchain technology was confined to the cryptocurrency arena. Recently, however, blockchain has made rapid inroads into other areas including the supply chain. The primary reasons blockchain has been touted as a great supply chain tool involve improved visibility and traceability.
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
The bullwhip effect is not only one of the best-known supply chain phenomena, but also one of the most damaging. By increasing the upstream variation and uncertainty, it pushes chain partners ever-deeper into the so-called planning mismatch, resulting in unreliability, inflexibility and inefficiency. The long-held belief has been that organizations just have to learn to live with the bullwhip effect and its consequences – but it now seems the bullwhip can be tamed after all.
Most organizations have a hard time minimizing the discrepancies between their capacity and the demands of their customers. As a result, most of them are under-utilizing resources or are unable to fulfill customer demand.
The era of Big Data is in full swing. The term “big data” has both its supporters and detractors; but, like it or not, when people hear the term, they understand a massive amount of data is being discussed. Although big data is the sine qua non for the age in which we live, what makes big data valuable are the results obtained from its analysis.
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.
Omni-channel logistics is all about providing consumers with a seamless shopping experience and is only attainable when businesses leverage their ecommerce capabilities with running both a brick-and-mortar storefront and distribution center network.
For businesses that use dashboards and other types of analytics and reports to help run their companies, it isn’t uncommon for many to find that that their reporting systems aren’t up to snuff until something critical happens like a lost major customer, decreased revenue, shrinking margins, and more. Many companies experience such distress because they consider more advanced analytics and reports as “nice to have” versus “mission critical.
The first month of the New Year has come and gone. Since everyone chooses to do their “best of” lists in January — causing us all to be a bit slammed with “bests” — we instead decided to share our must-read supply chain blogs of 2016 a little later. These are the blogs that every organization and career professional should be reading if they’re looking stay ahead of the game this year.
As people in the Carolinas try their best to return to their normal routines, the freight markets have settled back down into typical seasonal trends following Hurricane Florence. Unlike with Hurricanes Harvey and Irma, the impact from Florence on freight movements was mostly felt regionally. There wasn’t a cascading effect across the supply chain like what we saw last year.
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.
Effective demand forecasting and demand planning are key to the longevity of wholesale and retail businesses alike. We look at some of the major aspects of the demand planning process and how they impact the entire supply chain.
In the modern globalized world of logistics, the shipper has more options than ever. In a market with thousands of third party logistics (3PL) providers it can be a daunting task figuring out which provider belongs where along each link of your supply chain.
In the movement to digitize the enterprise and connect all things IoT and more, a former supply chain buzzword has re-emerged with more momentum than ever… and confusion!
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