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The accuracy of conventional time-series forecasts eventually hits a ceiling. Why? Because historical data is a flawed predictor of supply chain conditions over a short period of time. Even high-volume consumer packaged products with well-understood seasonality established over decades continue to experience high near-term forecast error rates. Consider adding demand sensing to your planning mix.
Product recalls are commonplace and are to be expected in many mass-inventory industries such as in the automotive, pharmaceutical and food industries. The risks and consequences involved in navigating the recall process can be unnerving. A product safety issue usually triggers a recall, so there are significant financial, legal and reputation risks involved.
The History of Valentine’s Day Valentine’s Day existed in a variety of forms before settling into its fixed date of February 14th. It can be traced all the way back to a mid-February holiday on the ancient Roman calendar, existing as a day to celebrate the possibility of new life even before Saint Valentine was […]. The post The Supply Chain of Your Valentine’s Day Flowers appeared first on Kuebix.
…the weekend is just around the corner. Happy Valentine’s Day to all my blog readers. This is my 440th blog post and the tenth anniversary Supply Chain Shaman. It seems hard to believe that I have been typing away over these years building an audience of over 20,000 global readers. My friends would tell me to relax and get my Groove on b ut, I find myself deep into a presentation for a client’s design thinking session next week.
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.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Article and permission to publish here provided by Harry Poulson. When you have to deal with so many hardcopies, textual images , and PDFs on your job or in your business, you need optical character recognition (OCR) technology. OCR is used to convert the non-editable soft copies into the editable text documents.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Article and permission to publish here provided by Harry Poulson. When you have to deal with so many hardcopies, textual images , and PDFs on your job or in your business, you need optical character recognition (OCR) technology. OCR is used to convert the non-editable soft copies into the editable text documents.
We are back with Dr. Diadie Sow for the third and final part of our series dedicated to Data Science. The first part was dedicated to the story of Data Science up to now , and the second part focused on the daily tasks of a Data Scientist. In this article, we will explore the value that Data Science brings to Supply Chain. Spoiler alert: huge innovations ahead!
Today’s headlines are filled with disheartening news about climate change, resource depletion, pollution, hunger, access to clean water, and poverty. The world is paying a high price for the traditional “take, make, use, waste” philosophy that failed to consider the long-range social and environmental consequences of mass consumerism. In response, in 2015 more than 190 countries joined to endorse 17 sustainable development goals (SDGs) ?
Fill out the Form Below to Get a Free Copy of the White Paper to Your Inbox! The state of freight management is continuously changing and evolving to reflect the needs of an increasingly complex supply-chain. Such changes are a result of evolution of industries around the planet, and globalization continues to redefine the basic.read More. The post [WHITE PAPER] 2020 Strategic Freight Management Trends appeared first on Transportation Management Company | Cerasis.
Sales and operations planning, also known as S&OP, is a key business activity for production heavy firms. It integrates sales & marketing strategies with supply chain considerations, allowing for a more unified mission across multiple departments of the business. So how can your firm improve your sales and operations planning? This is a short guide on how to do so.
Premier event for Procurement & Supply Chain practitioners will showcase latest technological innovations and extensive line-up of industry leaders. Paris, France February 13, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the agenda for the European edition of its marquee annual event series, Ivalua NOW 2020.
TireHub is working to transform the tire distribution industry. They are using digital, supply chain technologies, to create on service excellence. Interestingly, the company was formed by two competitors - Goodyear and Bridgestone. The post TireHub Demonstrates the Success of the Amazon Business Model in B2B appeared first on Logistics Viewpoints.
Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. Supply Chain Resources to Download The Supply Chain Trends to Know in 2020 Download White Paper Why Blockchain will Create Extreme Supply Chain Management Optimization Download White Paper Revenue Growth At The Hand Of Improved Digital Supply Chains Download White Paper The.read More.
I pick up my girlfriend at 4:00 am at her apartment. She doesn’t know where we’re going, but we’re heading north to Sedona, Arizona, about two hours away. We get there shortly after 6:00 am and I pull into a grocery store parking lot. It’s still dark, a bit chilly, and there’s nobody else there. Read more Above the Fold: Supply Chain Logistics News (February 14, 2020).
“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.
Multivariate Demand Signal Management isolates actual demand signals from inconsistent market activity and improve forecast quality. Multivariate Demand Signal Management (MDSM) brings order to the chaotic flood of structured and unstructured market data a business generates and consumes, revealing complex patterns and helping planners separate actionable demand signals from “market noise and nonsense”.
Sustainability continues to be a hot topic within supply chain management. One area that has proven to be an uphill battle is the reduction of packaging waste for home deliveries. I actually wrote about this topic as one of my very first Logistics Viewpoints articles nearly six years ago. To this day, when I receive a package at my house, I am surprised at how much air and packaging materials are delivered.
Shippers around the globe continue to express concerns for the state of the freight economy 2020 industry. Experts disagree on whether we are heading for a recession or a boom. The reality is simple; organizations that can roll with the changes and adapt supply chain processes will evolve and experience productive years. Unfortunately, those that.read More.
Coronavirus is getting a lot of attention, but it hasn't had much impact on domestic freight in the U.S. so far. If the slowdown in Chinese exports continues beyond the end of February, however, the effects could ripple through worldwide supply chains and reduce demand for freight transportation here. Trucking will likely be the last transportation mode to be affected.
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
Premier event for Procurement & Supply Chain practitioners will showcase latest technological innovations and extensive line-up of industry leaders. Paris, France February 13, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the agenda for the European edition of its marquee annual event series, Ivalua NOW 2020.
Global hi-tech companies are struggling with the impact of the coronavirus. While the mortality rate at 2 percent does not sound like it should shut down global supply chains, 25 percent of those infected end up in intensive care. The high-tech industry is impacted particularly hard because so much of their contract manufacturing resides in China and they run JIT supply chains.
Germany is the largest economy in the EU, and it’s the second most populous country. It is the fifth largest economy in the world. . After WWII, Germany was divided into two sectors, the FRG (West Germany) and the GDR (East Germany). In 1990, after the end of the Cold War, Germany was reunified, and the country has invested heavily in improving infrastructure, productivity and wages.
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.
We’re excited to announce that Kuebix, a Trimble Company has been selected by Supply & Demand Chain Executive as a recipient of an SDCE Green Supply Chain Award! The Green Supply Chain Award recognizes companies making green or sustainability a core part of their supply chain strategy, and are working to achieve measurable sustainability goals […].
Too often, shipping organizations focus only on costs when selecting a TMS solution. Whether automating logistics for the very first time (saying goodbye to spreadsheets and phone calls) or seeking to replace an outdated incumbent technology, implementation and subscription costs are not the most important consideration. What’s much more critical is understanding how quickly your investment will pay for itself and begin adding padding to the bottom line.
[link]. OPTIS Consulting is a premium consulting firm focused on Source-to-Pay Transformation Services in North America. We are dedicated to generating value from every dollar you spend in your organization. Our purpose is to bring market-leading Source-to-Pay platforms to our clients. We’ll help you implement and fully adopt these innovative cloud SaaS platforms and achieve your return on investment.
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.
Supply chain visibility remains elusive despite decades pursuing it. Arnaud Morvan states a simple truth, “It’s difficult to see, measure and improve what’s happening across the supply chain.”[1] And that’s a problem. Morvan notes, “The management guru Peter Drucker suggested, you can’t improve what you can’t measure. To go back a step further, you can’t measure what you can’t see.
This is the sixth blog in our ICON 2020: What’s New series. Stay in the know about the biggest and best supply chain conference of the year with our blog series highlighting the latest developments as they unfold. In case you haven’t heard, we officially changed our name from JDA to Blue Yonder ! Blue Yonder ICON – May 4-7 in Denver, Colorado – is coming up fast and we continue to announce exciting new event details before we jet to the Rockies!
Please enjoy this republication of a Supply & Demand Chain Executive article. Supply chain predictability… The post Predictability Is the Key to Supply Chain Sustainability (Part 1 of 2) appeared first on Tecsys.
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