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No one wants to think about lost warehouse inventory, and it can be organizationally frustrating to determine the best process to find, research, and rectify inventory discrepancies. One of the primary reasons a company implements a warehouse management system (WMS) is to know the exact location of their inventory; if the inventory is not there, one might think it is easy to just write that inventory off the books.
AIMMS has been active in the supply chain space for over 28 years. We’ve seen the evolution of the industry and its ongoing transformation , and have embarked on a transformation ourselves. The skills of the past are no longer sufficient to meet the demands of today’s complex, fast- moving digital environment , or prepare for the future.
There’s untapped cash and profits in your spare parts business. Aftermarket parts is a big net margin producer for many manufacturers, and yet service levels and inventory in these operations are often woefully sub-optimized (See CapGemini statics above). A recent in depth study from McKinsey analyzed 30 industries and found that average earnings-before-interest-and-taxes (EBIT) margin for aftermarket services is 25 percent, compared to 10 percent for new equipment. (“ Industrial aftermarket ser
It’s safe to say that the pace of change in supply chain management, especially from a technology standpoint, has continued to accelerate. Everybody seems to be talking about the digital supply chain these days, but what exactly does that mean? Why is it important? What are some of the key capabilities companies need, not only to keep pace with this change, but also to find new avenues for growth and differentiation?
In today's rapidly evolving logistics industry, companies consistently strive for efficiency and competitiveness. However, the most significant factor driving business success isn't just technology or infrastructure—it's the people behind your processes. Employees aren't merely resources; they're your most strategic asset. High turnover rates and constant retraining costs severely impact logistics companies, draining productivity and profitability.
Going back to the Industrial Internet of things (IIoT), the use of Internet-connected technology increases risk in manufacturing. However, the risk is well worth it. The total number of consumer and business connected devices is expected to grow by 11.9 billion in 2018 alone, reports Michael Kotelec of Manufacturing.net , and this will bring a strong, robust boost to efficiency and productivity in manufacturing.
AIMMS has been active in the supply chain space for over 28 years. We’ve seen the evolution of the industry and its ongoing transformation , and have embarked on a transformation ourselves. The skills of the past are no longer sufficient to meet the demands of today’s complex, fast- moving digital environment , or prepare for the future.
AIMMS has been active in the supply chain space for over 28 years. We’ve seen the evolution of the industry and its ongoing transformation , and have embarked on a transformation ourselves. The skills of the past are no longer sufficient to meet the demands of today’s complex, fast- moving digital environment , or prepare for the future.
by Alexa Cheater It’s no secret these two groups don’t always see eye-to-eye. Finance and supply chain operations—both have a huge impact on your company’s bottom line, but oftentimes there’s conflict between these two organizations, especially when it comes to the numbers. Disparate data, siloed processes and discrepancies between the operational forecast and the corporate budget are all contributing factors.
Where has that first post-holiday month gone? Suddenly it’s the 24 th of January and there are only 7 calendar days and 5 working days until you close the month. Adopt panic stations despite what Corporal Jones of Dad’s Army would say.
Supply chain leaders will face 2018 with uncertainty and opportunity. Digital technologies are becoming more prevalent in basic supply chain functions, and changes in legislation are likely to spur dramatic changes that will result in the need to reevaluate supply chain strategy in both domestic and international locations. Similar to the supply chain maturity curve of technologies, as explained by Steve Banker of Forbes , supply chain managers should consider how top supply chain trends will in
Note: Today’s post is part of our “ Editor’s Pick ” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. In this post, Rafael Granato from PINC Solutions summarizes a video case study we featured recently on Talking Logistics, part of our “Profiles in Yard Management Excellence” series where we highlight companies (in this case, Carhartt ) that are leading th
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.
In yet another impressive comeback, the New England Patriots topped the Jacksonville Jaguars 24-20 in the AFC title game to move on to their 10th Super Bowl, and 8th in the Belichick – Brady era. They will meet the Philadelphia Eagles, who crushed the Minnesota Vikings 38-7 in the NFC title game, a week from Sunday in Minneapolis, MN. Logistically, hosting the Super Bowl is no easy feat, given everything that goes into it.
Today, I present Mentzer et al.’s (2001) must-read article, Defining Supply Chain Management. The authors demonstrate that, “although definitions of SCM differ across authors […], they can be classified into three categories”: (1) SCM as a management philosophy (= supply chain orientation ), which involves a systems approach to viewing the supply chain as a whole, a strategic orientation toward cooperative efforts, and a customer focus; (2) SCM as an implementation of a m
Cerasis is excited to announce the release of an all new, exclusive, & educational resource “The Trends that Will Forever Shape Manufacturing in 2018 & Beyond” white paper! This is a must read for those in the manufacturing industry to stay on top of their games! Get a free copy of the white paper by filling out the form to the right.
The American Trucking Association estimates that trucking companies are short by as much as 45,000 drivers. In light of this shortage, pressure has been mounting on carriers to reach out to untapped workforce pools in order to close the gap and keep supply chains moving. If the trend continues, the ATA predicts the industry could fall short by 174,000 drivers by 2026.
Strengthen your operations with the Supply Chain Resilience Checklist. This practical, easy-to-use tool helps your organization prepare for disruptions and ensure long-term continuity in an unpredictable world. Why Download: Identify and assess critical supply chain risks Ask the right questions to evaluate vendor preparedness Implement effective strategies to reduce vulnerabilities Improve communication, transparency, and coordination across your network What You’ll Learn: How to evaluate and m
Jason Nurmi, Global Strategic Account Manager at BluJay Solutions addresses the following questions and more in this timely and informative episode: How do you define “Integrated Supply Chain Technology” — are you talking about having a single solution that does everything in supply chain management or about integrating multiple supply chain applications together or something different?
Planning teams face multiple dilemmas including promoting and supporting top line growth, containing cost, efficiently managing on-going operations and finding new ways to drive innovation. To complicate matters, supply chains are growing more complex as product proliferation and customer service expectations rise driven in part by the “Amazons” of the world.
Imagine moving cargo across continents as smoothly as computers process data. It may seem impossible today, but the physical Internet could be embedded into freight supply chains by 2050. Today, the physical Internet is an amorphous construct, with its scope and limits undefined. If its full potential is ever realized, then it will have the power to transform the movement of goods and people.
Expectations are higher than ever due to new technology that makes shopping bigger, better, faster and easier. These rising demands have caused brands to think about how to leverage technology in a way that delivers a top-tier consumer experience from start to finish. To navigate this transformation, many companies are turning to supply chain solutions […].
“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.
Ensuring that your sales and supply chain teams are in sync is one way that you can enhance the customer experience. However, this does pose some challenges because the end goals of these teams don’t always match. This challenge is further compounded by the global nature of many businesses, which depend on multi-channel distribution, multiple ERP and other business systems, and disparate reporting requirements.
Preparation is nearly complete for this month’s Modern Supply Chain Experience in San Jose, California. If you haven’t registered , there is still time. Over 2500 supply chain professionals from the Oracle Supply Chain ecosystem will be on hand, offering and gaining valuable insights, strategies, and techniques into designing, planning, or managing supply chains for strategic advantage.
Whether you are a small business owner or a corporate logistics manager, it’s crucial to stay attuned to the most innovative ways to optimize your distribution network. Individually-owned businesses can operate with great autonomy and fast reaction times. It’s imperative for corporations to achieve the same capacity to react to market demands by improving their distribution efficiencies.
Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage
This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.
On Tuesday, January 30 at 6 p.m., JDA Labs is hosting their first meet-up of 2018. This month’s innovative meet-up topic is “ The Art of Data Visualization ,” and will feature speakers from JDA Labs and MapD. Guidelines for Data Visualization. Ignacio Alvarez from JDA Labs will speak about guidelines for data visualization. As technology is using more and more data and artificial intelligence (AI) to drive business, people tend to forget how much this information affects users.
I look at freight transportation statistics all day long, and I am astonished by the rapid growth of the past few months, especially in the truckload spot market. It seems as though every week sets a new record for something: highest-ever rate or load-to-truck ratio for vans, greatest-ever number of load posts, one after another, until we run out of superlatives.
In their 10-K annual report from 2017, Amazon stated that it had generated $6.4 billion in sales from retail subscription services alone. Wall Street firm Needham predicted that by 2021 Amazon would make up 50% of all US eCommerce, so we can expect 2018 to be another colossal year for the eCommerce giant.
What makes a great supply chain? Greg Gerstenhaber, a partner in the Bain & Company Performance Improvement practice, outlines how a supply chain can become a competitive advantage for a company, and how to evaluate what changes your supply chain needs to become a true partner of the business.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Independent and self-assured, Mahima Sugumaran has navigated through the expectations of her culture and conservative upbringing to build a successful career in the tech space. At JDA she leads a 24×7 team responsible for cloud customer operations, ensuring that customers have 100 percent application availability, demonstrating the value JDA Cloud brings to customers, and driving efficiencies through lean processes and IOS audits.
In the third quarter of 2017, Prologis reported that consumer activity reached its highest level since 2014 1. As consumers continue to shop in 2018, shippers are considering new solutions within distribution to quickly reach their customers. Warehouses today have doubled in size compared to 2002; however, even with larger distribution centers (DCs), the distribution market.
In this new interview series we’re introducing some of our senior staff in a little more detail. What makes them tick? What ticks them off? But also: Why do they love supply chain management so much? First up is Keiran Hogan. He’s been with Logistics Bureau as a Manager since 2009. Keiran, you started out as a technician working on heavy machinery and now you’re close to celebrating ten years with Logistics Bureau.
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