Sat.Nov 11, 2023 - Fri.Nov 17, 2023

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Supply Chain’s Next Decade of Dealing With the Unknown

MIT Supply Chain

LinkedIn published my 100th Influencer article last month. The inaugural post appeared on March 4, 2014, and was about the rising status of the supply chain profession. Reaching this milestone got me thinking about how the profession might change over the next decade. Some events and trends driving the supply chain’s standing back in 2014 remain just as influential in 2023.

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Bullwhip Effect in the Supply Chain: Examples, Causes, Solutions

Unleashed

The bullwhip effect occurs when small changes in demand at the consumer end of the supply chain intensify as they move up the supply chain from the retailer through to the manufacturer. For product businesses, the bullwhip effect can significantly hinder the ability to maintain optimal inventory levels – often leaving them high and dry with too much stock and not enough demand to get rid of it.

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What is Supply Chain Decision Support? Are We Rearranging Deck Chairs on the Titanic?

Supply Chain Shaman

Supply management. Supply chain management. Supply chain planning. Are these terms the same? They sound similar, but do they describe similar capabilities? The answer is no. What do they have in common? Not much. When deploying enterprise decision support applications, there are many implementations and lots of hype but few clear and consistent definitions.

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Why Top LSPs Take A Supply Chain Orchestration Approach to Success

Talking Logistics

Logistics service providers (LSPs) face a unique challenge. In addition to the evolving customer demands within an increasingly global, networked, multi-channel supply chain, these professionals juggle a variety of clients with differing supply chain management needs. Many leading LSPs, such as DSV, CEVA, and GEODIS, have opted for a more holistic supply chain orchestration approach.

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Strategic Cost Management Approaches to Unlock Growth and Increase Profitability

How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations? The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. Discover how these strategies can boost your enterprise's financial health, helping not only to keep up but to excel in today's market.

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What is Optimization Theory and Why It Matters

Valogix

Check out how a firm grasp of optimization theory can help you in better inventory planning and implement more efficient solutions.

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How to Leverage Low-Code Software to Streamline Your Supply Chain Management

Supply Chain Brain

Low-code platforms emerge as indispensable allies for supply chain teams in the quest for heightened efficiency and effectiveness.

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Watch: Building Environmental Sustainability in Supply Chains

Supply Chain Brain

Jagadish Turimella, chief operating officer and co-founder of GEP, offers some best practices that companies can adopt for ensuring that their supply chains are prioritizing sustainability.

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Moving Container Production From China Won't Ease Supply Chain Woes, SC Execs Say

Supply Chain Brain

Nineteen percent of responders said that they believe shifting production away from China would help supply chains while another 27% said this change could maybe alleviate supply issues.

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Securing Supply Chains Against Counterfeits in a Post-COVID World

Supply Chain Brain

The concept of supply chain security holds significant weight in today's global business landscape.

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The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

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Editor’s Choice: Reducing Lead Times with Real-Time Data

Logistics Viewpoints

Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. As so many of us were made aware since the pandemic lead times were stretched to extreme levels for many products globally.

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Inside the Shipper Mind with Jim Bierfeldt

The Logistics of Logistics

Jim Bierfeldt and Joe Lynch discuss what’s inside the shipper mind. Jim is the Founder and President of Logistics Marketing Advisors, a full-service marketing agency exclusively focused on helping logistics businesses drive profitable growth. About Jim Bierfeldt Jim Bierfeldt is the Founder and President of Logistics Marketing Advisors. Jim has had a 35-year career in marketing and communications, including 25+ within the logistics industry.

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Intermittent Demand: Using Stochastic Replenishment Planning

Logility

Conquer Intermittent Demand with Stochastic Replenishment Planning Industrial durables companies face the perpetual challenge of managing items with intermittent demand patterns. These items often exhibit sporadic and unpredictable fluctuations in demand, making traditional inventory management methods less effective. To tackle this issue, many industrial durable companies are turning to probabilistic replenishment planning, a data-driven approach that offers practical solutions to the unique ch

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Above the Fold: Supply Chain Logistics News (November 17, 2023)

Talking Logistics

I’ve gotten a late start to leaf raking this year. I took advantage of the unseasonably warm weather yesterday to begin the process, starting with my front lawn. I spent two hours raking and bagging leaves, but looking out the living room window this morning, you wouldn’t know it. The lawn is once again covered. Read more The post Above the Fold: Supply Chain Logistics News (November 17, 2023) appeared first on Talking Logistics with Adrian Gonzalez.

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How to Conduct Workplace Incident Investigations to Create Safer Workplaces

This white paper provides a comprehensive overview of global workplace incident trends, focusing on the top three biases leading to such incidents. It also highlights the significance of CSA Z1005 as a risk management standard and outlines the ROI of thorough incident investigations, covering emergency response to post-incident interviews. Additionally, it introduces an Investigation Evidence Gathering Matrix.

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This Week in Logistics News (November 11 – 17)

Logistics Viewpoints

“Stand your butt up!” These aren’t the words we are used to hearing at a Senate hearing, but that’s exactly what we heard earlier this week. Oklahoma Sen. Markwayne Mullin (R), who happens to be a former mixed martial arts fighter, nearly came to blows with the president of the Teamsters at a Senate hearing Tuesday, forcing Chair Bernie Sanders (I-Vt.) to step in to stop a brawl from breaking out in the Senate Health, Education, Labor and Pensions Committee room.

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Insight to Action with Ryan Soskin

The Logistics of Logistics

Ryan Soskin and Joe Lynch discuss insight to action. Ryan is the Co-founder and CEO of GoodShip , an all-in-one platform for supply chain analytics, carrier management, and transportation procurement About Ryan Soskin Ryan Soskin is a 13 year logistics veteran and three time startup unicorn alum with a long history in freight tech. He began his career at Coyote Logistics and after 5.5 years and a $1.8B acquisition by UPS, Ryan left Coyote to join Convoy as an early team member.

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ToolsGroup Positioned as the Leader in the SPARK Matrix for Retail Forecasting and Replenishment by Quadrant Knowledge Solutions

ToolsGroup

BOSTON and LONDON – November 14, 2023 – ToolsGroup , a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named the technology leader in the SPARK Matrix™ analysis of Retail Forecasting and Replenishment (RF&F) by Quadrant Knowledge Solutions (QKS). The Quadrant Knowledge Solutions SPARK Matrix: Retail Forecasting & Replenishment (RF&R), Q4, 2023 includes a detailed analysis of global market dynamics, major trends, vendor lan

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Key Takeaways from SAP Logistics Info Days 2023

Talking Logistics

During 2020 and 2021, most companies were focused on managing the disruptions caused by the Covid pandemic. In 2022, having a bit more room to breathe, companies started to reflect on the lessons learned from the previous two years (e.g., we need to make our supply chains more resilient). This year, it seems like companies. Read more The post Key Takeaways from SAP Logistics Info Days 2023 appeared first on Talking Logistics with Adrian Gonzalez.

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The New GTM Playbook: 18 Ways to Future-Proof Your Sales Team

Longer sales cycles. Increasingly discerning buyers. More meetings. Intensifying competition. Economic uncertainty. Go-to-market teams of every size, in every industry, are grappling with these challenges firsthand. Thankfully, there’s an answer. We’ve developed an entirely new way for GTM leaders to identify and execute proven, data-driven strategies that drive revenue.

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Food is Not Food if It’s Unsafe

Enterra Insights

We all need to eat. However, we rely heavily on the agricultural and food service sectors to ensure that the products we put into our bodies are safe to eat. If they’re not safe, they shouldn’t be called food. Food safety is currently a hot topic. Netflix recently released a documentary entitled “Poisoned: The Dirty Truth About Your Food.” The documentary is based on a book by best-selling author Jeff Benedict.

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Building a Resilient Port Strategy with Brian Kempisty & Lauren Beagen

The Logistics of Logistics

Brian Kempisty , Lauren Beagen and Joe Lynch discuss building a resilient port strategy. Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. and Canada. Lauren is a lawyer and the Founder of Squall Strategies , a boutique maritime consulting and legal solutions company.

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ERP Digitization: MRO as a Business Driver

Supply Chain Brain

The state of the economy and the mounting push to digitize supply chain processes are driving a creative approach to maintaining the integrity of your company's item master.

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Migrating from Legacy ERP to Cloud-Based ERP and Its Impact on Data Collection Software

RFgen

The ERP landscape is changing. Businesses that have long relied on legacy ERP systems like Oracle E-Business Suite (EBS), JD Edwards, SAP ECC, and Microsoft AX are now navigating the complex journey towards modern, cloud-based solutions such as Oracle Fusion Cloud , SAP S/4HANA Cloud , and Microsoft Dynamics 365 (D365). The move from a legacy ERP to a cloud-based ERP system is driven by the need for landscape simplification, enhanced flexibility, and the promise of a scalable, future-proof infra

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Five Best Practices for Balancing Costs, Risks, and Sustainability

In the face of volatile macroeconomic conditions and other complex challenges, supply chain and procurement pros must strike a tough balance between seemingly contradictory demands: boosting performance and sustaining and extending business operations, all while meeting customers’ needs. This GEP paper provides impactful tips on how to develop a strategic procurement approach that focuses on collaboration, innovation, and sustainability.

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The Digital Enterprise and Boring AI

Enterra Insights

Most, if not all, business leaders understand that the corporate landscape changed dramatically when the world entered the Digital Age and data became the lifeblood of most enterprises. Yossi Sheffi , Director of the MIT Center for Transportation & Logistics, insists, “The well-worn adage that a company’s most valuable asset is its people needs an update.

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What Is PPV? Purchase Price Variance Explained

Precoro

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric.

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Burberry – trading conditions worsen in the second quarter

IT Supply Chain

By Charlie Huggins (pictured) Manager of the Quality Shares Portfolio at Wealth Club The post Burberry – trading conditions worsen in the second quarter appeared first on IT Supply Chain.

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“Take a Hike” Has a Different Meaning for Blue Yonder Associate

BlueYonder

If you knew we had a National Take a Hike Day , raise your hand. Okay, you can’t see me, but let the record show that my hand is not raised. Usually when someone tells me to “take a hike,” they aren’t suggesting that I head out for a stroll in nature…. All kidding aside, I do have a passion for hiking, but probably not for the reasons one might think.

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Your Supply Chain Challenges, Solved!: 5 Guides

Download these 5 comprehensive guides designed to solve the toughest challenges facing supply chains today. After helping 1,200+ of the world’s most recognized brands to enhance and optimize their supply chains, FourKites has crafted step-by-step guides to help you solve your business’s most pressing challenges. The guides include: reducing transportation costs, improving customer satisfaction, optimizing inventory management, increasing workforce efficiency, and achieving sustainability and ESG