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In years gone by, most retailers could get by partnering with one shipping carrier to deliver their products. In fact, this was often the preferable method of managing shipping because it allowed businesses to negotiate better shipping rates and streamline the shipping process.
An experienced gambler might hedge their bet on multiple outcomes, rather than just the most likely "single number forecast". At ToolsGroup we have been big advocates of probabilistic forecasting (sometimes also known as stochastic forecasting). Understanding and employing this relatively simple principle can take your forecasting and supply chain planning from ‘good to great’.
E-commerce is growing faster than ever, and more consumers are leveraging online platforms in making purchasing decisions. In fact, two-thirds of consumer shopping journeys include internet research, reports McKinsey & Company , as well as word-of-mouth recommendations and past experiences. According to Supply Chain 24/7 , e-commerce is on track to become the dominating force in all sales.
by Alexa Cheater Less than 15 percent of supply chain executives are female. Even fewer are women of color. That’s a sad state of affairs, and desperately needs to change. So how is it that with so many strong, courageous, talented women, so few have found a way to break through the glass ceiling? Kristen LeBaron , Director of Supply Chain at Lippert Components, Heather Mason , Inventory Program Manager at Applied Materials, Tonia Chu , Global Business Process Owner at Sanofi Genzyme and Pamela
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 remember the call like it was yesterday. Four years have passed. On this cold day, I would like to walk on the beach with my friend Maddy. She is there. I am not. Let me tell you the story. In 2014, while sipping on an early morning coffee, Maddy called to ask me a question. It sounded simple, but she was frantic. Working for a large manufacturer, she was trying hard; but failing, to integrate Ariba, Elemica, and GT Nexus.
How cold does it have to get inside your house before you accept reality and turn on the heat? Is wearing a jacket and hat while watching the Red Sox game in your family room a visual cue that the time has come? If you leave the milk container out on the kitchen counter overnight and it’s still cold in the morning, is that permission enough to change the thermostat settings?
How cold does it have to get inside your house before you accept reality and turn on the heat? Is wearing a jacket and hat while watching the Red Sox game in your family room a visual cue that the time has come? If you leave the milk container out on the kitchen counter overnight and it’s still cold in the morning, is that permission enough to change the thermostat settings?
The opportunities within the use of blockchain for bill of lading in international trade, especially e-commerce, are significant. According to The LoadStar, the first ocean container use of a blockchain-based bill of lading was released successfully in the port of Koper, Slovenia. This resounding trial and win signifies a new way shippers will be able to compete in the global market, speeding delivery of international shipments, enhancing existing supply chain operations, and more.
by Alexa Cheater It’s not about the future. It’s about what’s beyond it. And when it comes to what matters next for supply chains and supply chain management, it’s all about two things: digital, and the people enabling it. Hundreds of supply chain managers, planners, executives and experts gathered in National Harbor, MD on October 16 for the kickoff of Kinexions ’18, our annual user and training conference, to learn how to digitize, transform and revolutionize their supply chains.
I have an affinity to rock & roll music released from the late 70s through the early 90s. The groups on my most listened to playlists include Boston, REO, Rush, Kansas, Styx, Van Halen, Eagles, Foreigner and The Police, just to name a few. I find it interesting that even though many of these groups haven’t released an album in decades, there are stations dedicated to playing this music, television ads often feature their songs and many of this era’s songs have been re-recorded by current ban
Note: Today’s post is part of our “ Editor’s Pick ” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post from project44’s blog highlights the benefits RR Donnelley has achieved via the FedEx API Integration Program and it includes a short video interview with Tom Griffin, President of DLS Worldwide (a subsidiary of RR Donnelley), and Sam Hong,
Warehouse management is not a simple task, and warehouse managers face difficult challenges. Even when orders are low, standard operations continue to grow with each passing day. Part of this derives from the expansion of e-commerce into new and emerging markets. Since consumers have the ability to shop online 24 hours/day and 7 days/week, the challenges of warehouse management do not stop when the brick-and-mortar stores lock their doors for the day.
by Harish Iyer Kinexions ‘18 was the best capstone I could’ve hoped for at the 30-day mark because I haven’t seen customers show such passion for a solutions provider in my 20+ years in this industry. On my flight home from Kinexions, I found some time to reflect. Here are my thoughts: Customers love Kinaxis, and they love to tell the world about it.
The 14 th CSCMP European Research Seminar will be held in Warsaw on May 16 th and 17 th , 2019. Please find the call for papers on the webpage of the 2019 CSCMP European Research Seminar.
The holiday season is rapidly approaching, and retailers are jostling into position to take advantage of a growing economy and increased consumer confidence. With the uncertainty surrounding trade wars and tariffs, increasing sales is one way to mitigate the potential negative impact on a company’s bottom line and reassure investors that you can weather the storm.
Strengthen your operations with the Supply Chain Resilience Checklist. This practical, easy-to-use tool helps your organization prepare for disruptions and ensure long-term continuity in an unpredictable world. Why Download: Identify and assess critical supply chain risks Ask the right questions to evaluate vendor preparedness Implement effective strategies to reduce vulnerabilities Improve communication, transparency, and coordination across your network What You’ll Learn: How to evaluate and m
Cerasis is excited to announce the release of an all new, exclusive, & educational resource “Bringing Omnichannel to the Forefront of E-Commerce” white paper! This is a must read for those who are looking to go omnichannel with their supply chain and understand a major part of that strategy is in the e-commerce channel. Get a free copy of the white paper by filling out the form to the right.
Artificial Intelligence is already enhancing our lives as consumers, now it is picking up momentum in supply chain management and logistics, and managers should pay close attention as more AI-enhanced solutions emerge.
Let’s be honest. If your supply chain isn’t ready for the holiday shopping season by now, it’s probably too late to improve it very much. Preparations for the holiday shopping season really need to begin around the first of the year. But, as Paul Myerson, an instructor in Management and Decision Sciences at Monmouth University, asks, “Where to begin?
It can be a confusing time for the international shipping community due to the U.S. government’s implementation of new tariffs on Chinese goods entering America. As these rounds of regulations have unfolded over the last few months, shippers have been left trying to understand what products have been included in the first two waves of tariffed goods and what these changes mean for their supply chains.
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.
The world has entered the era of e-commerce, and companies around the globe are struggling to keep up with the trend. Innovative last-mile delivery options have been created, such as concierge services, the app, Doorman, Amazon Key and more. For shippers, the best way to handle the e-commerce logistics surge lies in e-commerce freight consolidation and deconsolidation.
Logistics will always contain risks, but the use of blockchain in supply chain management can go a long way in prevention and mitigation. The applications of blockchain in supply chain management are growing, and supply chain leaders now have a unique opportunity to bring end-to-end visibility to the darkest and most secluded parts of their organizations via blockchain.
Most analysts agree supply chains need to go digital. More recently analysts are also talking about the importance of supply chains becoming smart. By that they mean supply chains need to take advantage of artificial intelligence (AI) capabilities to get the most out of collected data. Deloitte analysts John Ferraioli ( @Ferraioli ) and Rick Burke explain, “The digital supply network (DSN) can be a powerful tool for companies, allowing them to harness data and information to make more effe
Ty Bordner, SVP of Marketing & Business Development at Amber Road , discusses the following questions and more in this timely and informative episode: Do you believe we’re on the cusp of transformative change in the industry? What are blockchain’s applications in supply chain management and is it better than existing solutions? Why is there so much interest in AI and machine learning?
The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.
DynaSys, provider of demand and supply chain planning solutions, has announced the general availability of DSCP 2018 (demand and supply chain planning), the latest version of the integrated end-to-end DynaSys solution.
How relevant is blockchain in a supply-chain context? Based on what I’ve heard this year at various international supply chain congresses, opinions differ. Alexander Bahr, Director Supply Chain Information & Integration at McDonald’s, referred to a statement by research and advisory company Gartner describing blockchain as “a hammer looking for the right nail”.
Once again, the supply chains were dealt a major disruption last week from Mother Nature. With Hurricane Florence, the advanced warning allowed businesses to plan ahead, reschedule shipments and reposition their trucks. Hurricane Michael, on the other hand, went from a tropical depression to a Category 4 storm in just two days. That caught many people and businesses off guard, and the storm left near-total destruction in many coastal towns.
Economic growth, paired with other factors like driver retention, continues to cause tight transportation capacity and impact supply chains across North America. Today’s strong economy, resulting in greater construction projects and consumer shopping, has led to an increase in freight volume and in turn, a shortage of drivers. 1 By the end of 2017, there were.
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.
With global giants like Amazon and Alibaba using their supply chains as a way to gain a competitive advantage, smaller retailers risk being left behind.
Countless proof-of-concept and pilot projects have provided compelling information on the potential worth of blockchain solutions in supply chain management, but the technology has to start delivering concrete ROIs soon if the industry is to take it seriously. This was a recurrent theme at the Blockchain Applications In Supply Chain Management Roundtable, October 9 to […].
The U.S. e-commerce market has nearly doubled in size since 2011, and is forecast to grow to $737B by 2022. Managing stock for a variety of commerce channels is becoming more complex, costly, and risky. As recent losses by H&M and other major brands illustrate, poor inventory management can be a major cause of financial distress. It’s clear that in the changing market landscape, where customers expect immediate and accurate fulfillment of purchases, companies need to look at their inventory
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