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

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Inventory Management vs. Inventory Optimization: What’s Wrong with ABC Inventory Classification?

ToolsGroup

ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. In fact, it’s not. And it’s not even nearly the best way. It’s actually a throwback from technology developed during the 1960s that hasn’t responded to the orders of magnitude increase in computer power that has enabled far better ways of solving the problem.

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3 Ways to Impress Your Customers with Automated Order Promising

Logility

No customer experience is more disappointing than not receiving an order as promised. Whether it is a damaged product, a shipping delay, or a complex chain of handoffs and rerouting, any mishap can damage market share, revenue growth, and customer relationships beyond repair. Most B2B and B2C brands believe faster order processing, more frequent inventory planning, and “good enough” promise dates can help avoid this situation.

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The Complexity of Last-Mile Delivery

Logistics Viewpoints

Retail supply chains are complicated, with factories, container ships, and communication networks spanning thousands of miles across the globe to connect raw materials with end consumers. Supply chains have become complex webs of global activity due to the emphasis logistics managers have placed on the first mile, crossing oceans in search of affordable labor and favorable taxes, tariffs and regulations.

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Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives

Talking Logistics

I met Maria Villablanca, Co-Founder & CEO Future Insights Network, in person for the first time last September at the Transporeon Summit conference in London. We were the bookends of the conference: I gave the opening keynote and Maria wrapped up the conference by sharing her takeaways from the event and moderating an insightful panel. Read more The post Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives appeared first on Talking Logistics with Adrian Gonzalez

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Geopolitical & Regulatory Issues: The Path Forward in Supply Chain & Logistics

Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker

The world of supply chain and logistics has been plagued with volatility, disruptions, and increased regulations. Several issues are converging simultaneously, creating a precarious path forward. In this webinar, we will talk about the current status of the supply chain and what the successful and unsuccessful paths forward will look like. Join demand planning and SIOP expert Lisa Anderson for a riveting discussion evaluating the geopolitical landscape and looking at the bigger picture to create

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Mitigating Geopolitical Risks in the Supply Chain, Part One

Enterra Insights

Eurasia Group’s Chairman, Cliff Kupchan , and company President, Ian Bremmer , recently released their list of top risks to watch out for this year. From their opening remarks, one might conclude things are going swimmingly. They write, “We’re (mostly) through the pandemic. Russia has no way to win in Ukraine. The European Union is stronger than ever.

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3 Reasons to Outsource Fulfillment with Nathan Lugo-Montanez

The Logistics of Logistics

Nathan Lugo-Montanez and Joe Lynch discuss 3 reasons to outsource fulfillment. the empty container marketplace. Nathan is the EVP of Strategy and Transformation at STACI-US , a leading provider of supply chain end-to-end solutions. About Nathan Lugo-Montanez Nathan Lugo-Montanez is a turnaround executive with over 15 years of experience in supply chain and business operations.

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3PLs: Best-of-Breed or One-Stop-Shop?

Talking Logistics

After a decade of acquisitions, XPO Logistics announced in March 2022 that it planned to “separate its brokered transportation services from its less-than-truckload (LTL) business in North America [and] divest its European business and North American intermodal operation.” According to XPO’s CEO Brad Jacobs, “Our experience is that customers want high levels of service and.

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The Dark Side of the Cobalt Supply Chain

SCM Research

Cobalt Wars is one of the most interesting ARTE.tv documentaries I have seen recently. It looks at the supply chain of cobalt, a key ingredient in the batteries of our smartphones and electric cars, and the political, environmental and social challenges associated with that supply chain. (French with English subtitles, also available in German. Not available in all regions.

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For Big Pharma, The Clinical Trials Supply Chain is Critical

Logistics Viewpoints

Pharmaceutical companies run two types of supply chains. There is the commercial supply chain where drugs that have been approved for use on patients are shipped to distributors, drug stores, and hospitals around the world. Then there is a clinical trials supply chain. Drug companies hold clinical trials to prove the safety and efficacy of their drugs.

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Future Focus: Constructing Unshakeable Stability in Your Manufacturing Supply Chain

Speaker: Jay Black, Senior Account Executive

We’ve all heard the buzzwords to describe new supply chain trends: resiliency, sustainability, AI, machine learning. But what do these really mean today? Over the past few years, manufacturing has had to adapt to and overcome a wide variety of supply chain trends and disruptions to stay as stable as possible. Stability has become key in this post-COVID world, and will remain key moving forward.

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Highlights from Manifest 2023 with Courtney Muller

The Logistics of Logistics

Courtney Muller and Joe Lynch discuss highlights from Manifest 2023 conference, which was held in Las Vegas, January 31 to February 2. Courtney is currently the President of Manifest, a new generation event with logistics technology at the center. She leads the Manifest team and drives all strategic partnerships for the event. About Courtney Muller Courtney Muller lived in 8 states before she was 14 years old.

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With ToolsGroup Demand Planning Software, DAB Pumps Streamlines Forecasting Processes for an Improved Customer Experience

ToolsGroup

DAB Pumps puts customers and the environment first, while increasing planning efficiency, thanks to ToolsGroup’s powerful automation and artificial intelligence BOSTON — March 16, 2023 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, has been selected by DAB Pumps , a leading manufacturer of water management equipment, to enhance its forecasting processes and increase planning efficiency for a better understanding of customer demand, higher service l

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

Talking Logistics

24 years ago today, I started a new job. I arrived at the office expecting to start a research project related to the semiconductor industry (where I had spent most of my career at that point, and what I had been hired to do). Instead, I was told that I would do a market study. Read more The post Above the Fold: Supply Chain Logistics News (March 17, 2023) appeared first on Talking Logistics with Adrian Gonzalez.

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This Week in Logistics News (March 11 – 17)

Logistics Viewpoints

Happy St Patrick’s Day! It’s a day to wear green, and apparently, spend some green as well. Every year, the National Retail Federation conducts a survey on St. Patrick’s Day spending. This year, 61 percent of consumers plan to celebrate St. Patrick’s Day, up from 54 percent in 2022 and the highest in the history of the survey. With more celebration comes more spending, and consumers are sparing no expense to go all out for the holiday this year.

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ESG Reporting: It Is Inevitable, But It Doesn’t Mean That It Must Be Complicated

In these challenging times, climate change must inevitably be a top-of-mind priority. We need to act now by making the right decisions. 2022 was the year of corporate commitments to sustainability, and 2023 is the year where promises become proposals, mission statements become metrics, and aims become actions. New regulations have been set regarding the corporates, and they must comply.

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Lead Gen for Logistics with Kara Brown

The Logistics of Logistics

Kara Brown and Joe Lynch discuss lead gen for logistics. Kara is the Founder and CRO of LeadCoverage , the premier B2B marketing and PR firm dedicated to helping logistics companies increase lead generation through targeted marketing strategies and media coverage. About Kara Brown Kara Brown is the Founder and CRO of LeadCoverage, the premier B2B marketing and PR firm dedicated to helping logistics companies increase lead generation through targeted marketing strategies and media coverage.

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Supply Chain Network Design: 3 Ways to Prepare for Trends Stirring Up 2023

Logility

In June 2022, U.S. inflation reached a 40-year high. Although inflation has slowed since then, it continued to climb in January 2023 , triggering fears that the Fed could keep raising interest rates throughout 2023. On the other hand, a slowdown in inflation could mean prices will gradually stabilize and we’ll avoid a recession. What does all of this mean for manufacturers and distributors?

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Logistics Procurement – Performance Management

The Logistics & Supply Chain Management Society

Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. With constrained and somewhat erratic demand and supply – not just of products and materials but also capacity with carriers of all modes – rates have been extremely volatile.

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Körber Elevate 2023: Find your Rhythm

Logistics Viewpoints

Körber Supply Chain Software (Körber SCS) hosted its 2023 Elevate User Conference in Orlando this week. The conference theme was finding your rhythm – a fitting metaphor for supply chains across the globe as they return to more predictable patterns after experiencing disruptive fits and starts over the last couple years. Körber acquired enVista’s Enspire Commerce platform and its Freight Audit and Payment (FAP) service in 2022.

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Return to Success: Streamlining Returns in the Supply Chain for Enhanced Efficiency

Speaker: Cathy Morrow Roberson, Research Manager for the Reverse Logistics Association

In today's competitive business landscape, providing a seamless return experience and maintaining an efficient supply chain are critical to customer satisfaction and loyalty. Businesses need to leverage advanced tracking systems and data analytics to identify bottlenecks and improve supply chain visibility. Efficient return management stands as a crucial strategy for optimizing the supply chain.

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[Video] Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives

Talking Logistics

A conversation with Maria Villablanca, Co-Founder & CEO of Future Insights Network, on the “Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives.” Podcast version (click to play): The post [Video] Top of Mind Challenges and Opportunities for Supply Chain and Logistics Executives appeared first on Talking Logistics with Adrian Gonzalez.

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Harness Big Data with Predictive Analytics for your Supply Chain

Logility

The Science and practice of predictive analytics is well established and rapidly gaining ground in the public and private sectors. It’s no longer considered magic because we now have advanced analytics systems that harness and organize massive amounts of disparate data and model that big data in ways that allow humans to be proactive and make informed decisions.

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PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance

The Logistics of Logistics

Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. As a result, data security and compliance have become a critical component of logistics operations, although implementing adequate controls can present numerous challenges in these complex networks.

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How to Boost Resilience in Multi-Tier Supply Chains?

AIMMS

The post How to Boost Resilience in Multi-Tier Supply Chains? appeared first on AIMMS.

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eCommerce Sustainability: A Comprehensive Look at 2023 Consumer Attitudes

Sifted surveyed 500 consumers to understand their attitudes toward sustainable shipping practices. Their report outlines how important it is to them, how price impacts that importance, and what sacrifices they're willing to make for greener shipping.

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ChatGPT for Supply Chain: Exploring the Opportunities Ahead

SCMDOJO

If you are in the supply chain industry, you are probably well aware of the constant need to optimize processes and improve communication between stakeholders. With the advent of new technologies, businesses have revolutionized how they operate and stay ahead of the curve. And one of the most promising innovations in recent years is ChatGPT for supply chain.

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When Adopting New Tools for the Supply Chain, Don’t Forget Change Management

Supply Chain Brain

Why do some companies get so much more value from their supply chain and logistics deployments over time, while others see their value degrade?

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The year that was, and preparing for the retail year ahead.

IT Supply Chain

By Andrew Tavener (pictured) Head of Fleet Marketing EMEA, Descartes Systems Group The post The year that was, and preparing for the retail year ahead. appeared first on IT Supply Chain.

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Primer for Control Layer Technology Platforms Applied to Warehousing and Customer Fulfillment Processes

Supply Chain Matters

Supply Chain Matters provides a first installment in a four-part technology market education series where we address the evolving use of Cloud based control layer technology platforms applied to warehousing and customer fulfillment processes. This initial posting provides readers with an overview and primer for this type of technology. Subsequent installments will address implementation considerations and helpful hints, along with specific case study deployment examples.

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Disruption Reimagined: How to Conquer, Not Crumble, During Supply Chain Instability

Speaker: Robyn O’Brien - Founder of Sirona Ventures, Adjunct Professor at Rice University’s Business School, Supply Chain Optimization and Logistics Expert

Today’s supply chain leaders are required to stay strong in the face of disruption and not only accept it, but embrace it – after all, progress is made outside of your comfort zone. While it’s easier said than done, conquering the fear of instability in your supply chain is within your reach. Thanks to the advancement of technology and AI, we now have more tools and resources at our disposal than ever before to conquer, not crumble, in the face of uncertainty.