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It has been many decades since a circuit is designed digitally and its performance tested using a digital twin, an architect constructed the building and laid out its HVAC and plumbing on the building’s digital twin, a company invested in a new distribution center only after significant number of simulations and animations on the digital twin, a dentist scanned a mouth and planned for the treatment on the digital twin and pilots learned how to fight an enemy or transport passengers safely on fli
In our previous blog post ‘The Evolution Of The Supply Chain’ we looked at what changes occurred within supply chains over the last two decades; in this article, we will highlight areas that need addressing to ensure the success of the future supply chain! The post Predicting The Predictable – Successful 2020 Supply Chains appeared first on Gravity Supply Chain.
We’re all familiar with the Scarecrow’s musical lament in the movie “The Wizard of Oz.” Part of the lyrics read: “ And my head I’d be scratchin’ while. my thoughts were busy hatchin’ If I only had a brain. I’d unravel every riddle for any individ’le, In trouble or in pain. With the thoughts I’d be thinkin’ I could be another Lincoln, If I only had a brain. ” Most urban areas have their share of trouble and pain; and, w
VMI (Vendor Managed Inventory) is the one of the best Inventory Management tools that will reduce the inventory carrying cost. By making your suppliers carry the inventory on behalf of you, you are reducing the risks and costs of inventory obsolescence. In VMI process, the supplier is expected to carry the inventory and make it available as and when it is needed.
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.
Which trends are set to change the world of supply chain management? 2020 is going to be an interesting year. Not only is the manufacturing and production industry experiencing global changes, but the world, is, too — people are moving towards being greener and more sustainable. With a potential global recession looming and many people worried about tariffs, there's going to be a lot to track.
Digital network platforms and advanced analytics are making it possible for logistics providers to achieve unprecedented levels of visibility and collaboration, enabling true end-to-end supply chains.
Digital network platforms and advanced analytics are making it possible for logistics providers to achieve unprecedented levels of visibility and collaboration, enabling true end-to-end supply chains.
The best contract management software for 2020 requires an easy-to-use cloud-hosted contract management software that provides you with simple and secure ways of managing your contracts. This takes away the risks usually associated with poorly executed contracts. ProcurePort ensures that you keep up with the contract execution timeframe by helping you to organize all of […].
We’ve worked with several companies who progressed through the stages of pick technology evolution, from paper to RF, and seen huge productivity and accuracy improvements. One of the hottest topics in these discussions is around "Which is better, Pick To Light or Pick To Voice?".
Supply chain security is something that all supply chain managers should be closely monitoring. Today’s supply chains face a unique array of threats, both in the physical and digital realm. Several years ago, the biggest supply chain issues to combat were things like supply chain terrorism, theft (internal or external), and piracy. Nowadays, you must also consider digital threats like data breaches and hackers.
Here we are, just about to turn the calendar to 2020. As we end the year (and the decade!) we at Dassault Systèmes want to take some time to reflect on our 2019. Our corporate mission is to provide business and people with virtual universes to imagine sustainable innovations. As such, it shouldn’t be a surprise that you’ll see a clear theme about this topic in all we did in this year.
Happy New Year! I hope everyone had a fun and relaxing holiday. We’re just three days into the new year and we already face a growing risk to supply chains around the world: an escalating conflict between the U.S. and Iran. Let’s hope it doesn’t get worse. It was a relatively quiet week for supply. Read more Above the Fold: Supply Chain Logistics News (January 3, 2020).
To really know what’s happening in a given arena of human or economic activity, you must take a deep dive. The platform off of which you dive, however, is the broader world stage. An understanding of larger global trends (i.e., trends driving the world into the future) is essential to making informed decisions. Former U.S. President Bill Clinton once stated, “Follow the trend lines, not the headlines.” For business leaders, following trend lines rather than headlines is good ad
The start of a new year means that it’s time to realign priorities and set new goals. This doesn’t mean you have to start from scratch! There are plenty of topics and information from 2019 that are important to carry over into 2020. Below are a few keywords that are sure to make headlines this […]. The post 10 Keywords Logistics Professionals Should Keep an Eye on in 2020 appeared first on Kuebix.
I am a serial hand raiser. I raise my hand for all kinds of things. Room mom at school. Booster club president. Team photographer. Faith coach at church. Office engagement committee sponsor. The list goes on and on. I raise my hand for one-time opportunities; if you’re serving lunch at the Salvation Army and need more help, count me in! I raise it for longer commitments; when the call for mentors goes out, I sign up.
“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.
Fuel and freight make up nearly two-thirds of logistics costs. Supply-chain and logistics managers need to optimize those costs to improve the bottom line.
The most important job of a freight forwarding company is to deliver the consignment on the agreed date. If the consignment is not delivered on time, it’s a loss to the receiving party. Well, some cargos’ are special and require an eye for detail and prior planning to implement the whole operation. Such special deliveries are known as ‘Project Cargo’.
Article and permission to publish here provided by Damien Chapus , CEO and Founder of 1001 Networks. In December 2019, 1001 Networks officially launched! This site, which operates out of Antibes, France allows people to take control over their business’ shipping and delivery needs. The website offers a place for people to come together and share information.
Predicting demand, and creating markdown strategies, for items with short life cycles — such as winter apparel — have traditionally depended on historic sales data and regression analysis. Today, clustering algorithms from JDA can help you predict demand and create markdowns more accurately, based on real-time demand data segregated by item color, size, store location and other granular details.
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
Why You Need to Deal with Multiple Currencies. You’ve most likely heard of the phrase, “Money Makes The World Go Round” from a famous musical play. Perhaps it should be “Multi-Currency Makes The World Go Round” in today’s mobile web world. As a wholesaler and distributor, I’m willing to bet that you’re dealing with at least two currencies for your purchases and sales.
Numerous studies have taken place, been documented, and released regarding what will change in 2020, but very little gets reported regarding what may not! The post The Evolution Of The Supply Chain appeared first on Gravity Supply Chain.
Article provided by Thomas Wright at [link]. Ripple, aka XRP, is the world’s third-largest cryptocurrency as of this writing and an independent digital asset. Financial institutions and liquidity providers all around the world tend to settle their finances on this digital currency. Ripple is the only centralized crypto in the world that is directly interlinked with the banking community.
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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.
More companies are outsourcing their supply chain in whole or in part to focus in-house resources on core competencies. Outsourcing your supply chain offers numerous benefits, such as improving your ability to meet customer demands and reducing operational costs. Before getting into the details of how you can benefit from outsourcing your supply chain, let’s discuss a few supply chain basics.
We at Shipsy are always striving to improve our platform by learning from and responding to the Industry needs! In an attempt to bring in more visibility and analytics, we have introduced a new section to our Shipment Tracking Dashboard Insights- Transhipment Ageing. . Shipsy’s Container Tracking software comes powered with a Insights dashboard which keeps track of your Transshipment Ageing.
Have you ever considered changing your traditional mode of transportation? Or are you still moving products by air or ocean? As demands change, so must our supply chains. Now is the time to utilize all modes of transportation in the most efficient way possible. For example, you might be surprised how beneficial rail service between Europe and Asia can be for your business today. .
Predicting demand, and creating markdown strategies, for items with short life cycles — such as winter apparel — have traditionally depended on historic sales data and regression analysis. Today, clustering algorithms from JDA can help you predict demand and create markdowns more accurately, based on real-time demand data segregated by item color, size, store location and other granular details.
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.
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Now that 2020 has arrived, it’s time for us to look back and reflect on the content we produced last year. We sifted through our analytics to gauge which topics were piquing the interest of our audiences in 2019 and discovered some interesting trends. Above all, our readers showed an interest in original research related to sustainable procurement: They wanted to know how the field was changing, what their peers were doing to drive innovation, and which best practices were being standardized on.
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