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What is Logistics Forecasting? Logistics demand forecasting is the process of accurately anticipating the demand for products, services, and shipments throughout the supply chain. This takes into account even the most uncontrollable conditions or circumstances. To accomplish this, it would be ideal for manufacturers to implement a forecasting model to predict capacity demand, relying on a combination of their own historical data and multiple external variables.
Creating new value and maintaining competitive advantage within the supply chain remains challenging for companies around the globe. As e-commerce grows, the ability to respond and offer a seamless, superior customer experience also grows more challenging. Fortunately, the applications of logistics artificial intelligence (AI) are well-poised to meet this demand and help accommodate the changing.read More.
Supply chain is in the spotlight. It is the business function that is front and center - on top of the minds of consumers and executives. The global pandemic has ripped the rug out from under supply chains, but also highlighted its importance. Agility, resiliency, and sustainability are keys to supply chain survival, so you can’t afford to wait to invest in building these capabilities, which are entwined with each other.
Stay ahead or get left behind – what you need to know about supply chains post COVID-19. 01 OCTOBER 2020 | 11AM (SGT). LogiSYM GAME CHANGER give professionals a chance to interact with partners and the experts from LSCMS to learn how to re-prioritize and adapt to the new world of demand and supply post COVID-19. All participants to LogiSYM GAME CHANGER will not only get to hear about the latest solutions in supply chain but unlike any other webinar out there, participants will have a one-o
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 drove three hours yesterday to see my mom and sister. I hadn’t seen them since December. It was time. It was a surprise visit for my mom. When I arrived at my sister’s backyard — wearing a mask, sunglasses, and baseball hat — she didn’t recognize me at first. She thought I was a. Read more Above the Fold: Supply Chain Logistics News (September 4, 2020).
Differentiation in the supply chain rests at the crossroads of digital transformation and applied data. Today’s shippers, carriers, and logistics service providers (LSP) face an uphill battle in securing available capacity, allocating resources, and planning for an uncertain peak season. Combined with record-breaking growth within e-commerce, the spot freight market is in a full upswing.read More.
Differentiation in the supply chain rests at the crossroads of digital transformation and applied data. Today’s shippers, carriers, and logistics service providers (LSP) face an uphill battle in securing available capacity, allocating resources, and planning for an uncertain peak season. Combined with record-breaking growth within e-commerce, the spot freight market is in a full upswing.read More.
As the COVID pandemic continues, we have written a number of articles about the supply chain impact and the shortages of products and supplies that has ensued. Recently, there was a concern that there would be a shortage of glass vials for a vaccine that could hinder production. And I just read about another shortage that could impact the vaccine timeline: monkeys.
Industry best practice procurement capabilities now available for rapid deployment to improve margins. Redwood City, CA September 2, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged procurement suite for construction and engineering companies. The solutions span the full source-to-pay process and enable customers to make margin gains by streamlining procurement tasks, automating cost reconciliation, and managin
Keeping freight spend under control and maintaining logistics visibility have always been a top priority for supply chain leaders going into peak season. Unfortunately, peak season costs continue to soar. For 2020, peak season costs are likely to shatter records. This is especially true as UPS and FedEx have now announced record-breaking peak surcharges.
As retail companies enter the traditional “back-to-school” selling season, we must acknowledge there is nothing traditional about BTS 2020. Organizations across the world have been forced to pivot selling and inventory strategies to address the many issues brought on by Covid-19. Two lessons of the past 6 months: 1) Companies need more time to make decisions.
Amazon Prime Air to begin drone delivery testing Amazon Prime Air have been granted an exemption by the Federal Aviation Administration (FAA), which will allow them to begin drone delivery…
Rapidly changing supply chain market conditions have created vast uncertainty for peak season demand in 2020. Preliminary reports suggest upcoming spend will break records. However, the continuance of the COVID-19 pandemic and the upcoming US election will add more uncertainty to the mix. Freight management parties need to understand the top five possible scenarios for.read More.
“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 topic of supply chain resilience sprouted in the media and professional journals as a result of the coronavirus pandemic. Resilience is defined as the capacity to recover quickly from difficulties or spring back into shape. The pandemic has certainly tested those supply chain characteristics. Suketu Gandhi and Steve Mehltretter, partners at Kearney, explain, “For many companies, supply chain excellence has long meant developing the most cost-effective way to deliver a product on time t
By Ian Timlin (pictured). Lawyer at Conexus Law. The post The challenges of ‘Virtual Mediation’ as a result of COVID-19 appeared first on IT Supply Chain.
Complete supply chain transparency, unprecedented security, and the transactional capacity to serve the needs of even the largest Fortune 500 and Global 500 companies are all now possible following the launch of ShipChain Mainnet. This launch is a significant milestone toward achieving a modular system across the entire supply chain. With all the uncertainties in the world today, it gives supply chain decision-makers the incentive to move from considering how blockchain might be used in global s
Governmental stay-at-home mandate during the pandemic provoked most consumers to intensify their online buying behaviour, making their residences the final-end-point for their purchases.
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
in different seasons, with events or other social and environmental factors. This knowing enables accurate and adaptable modeling that leads to producing plans that are not just optimized but exact enough for immediate execution without user intervention. S&OP technology is a rough modeling of the supply chain that does not take into account the variability of resource availability and delivery of raw materials as well as likelihood of disruptions.
Supply chain resiliency has been a much-discussed topic during the COVID-19 pandemic. Rebecca Liao ( @beccaliao ), Co-Founder and Executive Vice-President at SKUChain, and Ziyang Fan ( @ZiyangFan ), Head of Digital Trade at World Economic Forum, assert resiliency begins with visibility. They explain, “In the wake of supply chain disruptions due to coronavirus, several experts have reiterated the need to obtain more visibility across the chain. … Obtaining this visibility is considere
Turn Disruption into Opportunity with the Power of Cloud. The COVID-19 pandemic has highlighted the clear need for supply chains resiliency like never before. In this time of disruption, there is also a great opportunity for companies to recalibrate and reimagine their supply chain strategies to take control of what’s coming next and gain competitive advantage in the market.
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.
Why switch to a third-party like BR Williams for your warehousing solutions ? Juggling warehousing and fulfillment alongside all the other work you need to run your business can be overwhelming. Suppose you’re always finding yourself busy, experiencing cyclical sales, or lacking infrastructure. In that case, your business might benefit from working with a third-party logistics (3PL) provider for your warehousing and fulfillment needs.
To calculate total manufacturing cost you add together three different cost categories: the costs of direct materials, direct labour and manufacturing overheads. Expressed as a formula, that’s: Total manufacturing cost = Direct materials + Direct labour + Manufacturing overheads. That’s the simple version. However there’s a lot more to properly calculating total manufacturing costs than just knowing the formula.
Much of what has happened in the shipping world in the last 6 months could be called “unprecedented.” From monumental pricing changes to carrier capacity issues impacting shippers, the world of shipping has been turned on its head and shippers are still trying to catch up. In Mid-August, another unprecedented announcement happened – USPS announced that, for the first time, it would be implementing a holiday surcharge.
In the battle to keep essential products flowing to store shelves during the coronavirus pandemic, Retail Business Services has been on the front line.
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.
Summer is slowly coming to a close, and the holiday season will be here before we know it. This year has been different for many reasons, but the preparation phase when it comes to your holiday shipping plan shouldn’t be different. With the crazy growth in eCommerce and all the changes that that involves, it has only emphasized the need and importance of supply chain preparing, planning and strategizing.
What is the future of Supply Chain? An interesting question which must be addressed by the right person no other than Sheri Hinish also known as the Supply Chain Queen. Watch the video below: Related articles on this topic have appeared throughout our websites, why not check them out? Robobyrne: Supply Chain after the Crisis? Supply Chain Secrets: Are You Keeping up with Supply Chain Progress?
Overview. Government contractors are facing uncertainty about future spending and economic climate. Mobile barcode software can help contractors safeguard operations and continue winning bigger contracts amid uncertainty. This article will explore three use cases where mobile barcoding for Deltek Costpoint helped modernize and optimize operations. Modernizing data collection with mobile barcoding technology positions contractors to thrive in the face of uncertainty.
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