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A few weeks ago, I was fortunate enough to attend the Infor Analyst Innovation summit here in Manhattan, New York. Together, they presented the vision for the future and innovation priorities. Below you can find the three Innovation Pillars they are focusing on within the next year and beyond.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Organizations require robust inventory management systems capable of handling diverse parts throughout their lifecycle.
Big Tech innovation did very little to improve supply chains, but the implications of these layoffs loom large adding another layer to the current disruption. But, the line between innovation and value is not clear. Bottom-line, supply chain innovation will come from innovative start-ups. Learning From the Past.
These pillars provide a comprehensive framework to align operational goals with broader corporate and societal objectives, fostering resilience, innovation, and long-term value. Senior leaders must think beyond incremental improvements, embracing systemic innovation to achieve significant environmental impact.
Suppliers are now crucial strategic partners that support product innovation, efficient supply chains, and overall competitiveness. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. They are no longer just vendors of goods and services.
The logistics domains and industrys leading software providers recognize that supply chain disruptions and volatility are growing and they have responded with some powerful innovations. Generally, next-gen innovations fall into a few main categories, discussed below.
Las Vegas, NV – May 2025 I had the opportunity to attend Momentum 2025 in Las Vegas, Manhattan’s annual user conference focused on supply chain and commerce innovation. He introduced Enterprise Promise and Fulfill, a new solution that supports enterprise-wide inventory visibility and real-time order orchestration.
For example, coordinating inventory management systems with demand forecasting tools. • Scalability: Provides a scalable structure that can adapt as supply chains grow and incorporate innovative technologies. Real-World Examples of OSI-Inspired Supply Chain Interoperability 1.
For example, in the UK, duty on a bottle of wine is currently £2.23, and on top of that, there’s a 20% VAT. For example, Ryanair was supposed to get 20 deliveries before the end of December. ONE is also testing innovative wind assist devices on its vessels and utilizing onshore power supply to further reduce emissions.
For example, logistics companies are to employ Level 2 and 3 autonomous vehicles that assist drivers by adjusting speed and steering based on road conditions. For example, logistics companies operating older fleets are faced with upgrading their vehicles to meet the requirements of SAE J3016 standards for automation.
The event, held in sunny Las Vegas, was well attended and featured numerous speakers with innovative ideas. His keynote address highlighted the company’s recent accomplishments, such as the introduction of a new inventory planning solution, substantial investments in research and development, and advancements in artificial intelligence.
With tart cherry juice sales transitioning into a steady demand pattern, retailers must adapt their inventory strategies accordingly to meet this evolving consumer preference. It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends.
However, pausing innovation tends to increase vulnerabilities and reduce competitive edge when flexibility and resilience are most needed. Legacy systems, particularly manual inventory tracking and outdated technologies, do not offer the speed or visibility needed for responsive decision making. Why Pausing Innovation Creates Risk?
These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. Factors like planning tools, inventory management, demand patterns, and innovations in technology contribute to the success or failure of fulfillment optimization.
Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.
Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.
E-commerce giants like Amazon, Alibaba, Temu, and Shein are expanding their global warehouse footprints, driving the adoption of WMS to manage inventory, reduce lead times, and optimize last-mile delivery. These technologies enhance decision making, reduce downtime, and improve warehouse intelligence.
While flashy consumer-facing products like social apps garner much attention, innovation in less glamorous areas like supply chain management is equally responsible for propelling startups to unicorn status. Sustainability – Supply chain innovation supports startups committed to green operations. See Amazon buying Kiva Systems.
Balancing forecast accuracy with inventory management gets more challenging every day. Customer behavior: Real-time insights into customer orders, inventory levels, and distribution channels clarify short-term demand. Short-term signals, like customer orders or inventory levels, work better for weekly demand-sensing.
They view their implementation of a tightly integrated suite of applications delivered in a public cloud infrastructure from Oracle as a platform on which they can build to help drive continuous innovation. For example, the bricks in a pizza oven are refractory bricks. HWI employed a crawl-walk-run methodology.
By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. In terms of inventory strategy, First Insight assigns each SKU a unique “Value Score” based on a range of factors, including pricing, likeability and consumers’ likelihood of purchase.
The Need For Supply Chain Innovation: Why You Should Watch These Four Trends ? It is prime time for visibility / inventory management tools and outsourcing. Even as companies set ambitious decarbonization goals, working with their partners and adopting innovative technologies, solutions and practices will become critical.
In this dynamic environment, businesses must meet rising customer service expectations while driving innovation and growth. This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress.
” At that time, the sales organization used more point-of-sale data than their competitors, they had an impressive and innovative IT team, and their supply chain processes were what I considered best-in-class. Here I share three examples from very different industries. General Mills is an example.)
For example, the global logistics automation market is expected to grow from $50 billion in 2023 to $120 billion by 2030, according to Allied Market Research. Predictive analytics tools enabled by AI are helping organizations optimize inventory management, reduce downtime, and improve demand forecasting.
Thats why we champion a hybrid approachone that integrates probabilistic forecasting with machine learning to deliver more accurate demand predictions and optimize inventory levels in supply chain operations. A strong statistical foundation is essential to navigate the inherent unpredictability of demand.
For example, real-time planning, end-to-end planning, control tower, integrated business planning (IBP), and digital brain are oxymorons while discussions on innovation bounded by a required ROI is a juxtaposition. True innovation is never defined initially by a mandatory Return on Investment (ROI).) Buyer beware.
Supplier Collaboration: Driving Innovation and Competitive Advantage In today’s hyper-connected global economy, where supply chains span continents, and industries are interlinked globally, supplier collaboration serves as the foundation to drive innovation and create a future-ready organization.
As an aside, I do not think that Lenovo is an example of a supply chain excellence. The second part of the story is that inventory turns for Lenovo are 10.8, Ranking at #13, PepsiCo outperforms on inventory turns, but performance is declining. Consider Lenovo in Figure 1. Lenovo ranked as # 10 on the Gartner Top 25. The secret?
Multi-Tiered System of Support (MTSS) platforms have emerged as innovative solutions in education and training, offering customized support that can profoundly enhance the development of future supply chain experts. Preparing the next generation to excel in this dynamic field requires more than traditional education methods.
They’re stuck with inaccurate forecasts, ending up with too much or too little inventory, missed orders, and unsatisfied customers. Let’s consider a simple example—daily sales of ice cream. It enhances forecast accuracy, lowers expediting and inventory costs, and reduces over/understock situations. And the result?
McKinsey promises improved agility (not defined) with up to a 30% reduction in operational cost and a decrease in inventory of 75%. (I For example, I am working with a client that has deployed Ariba from SAP, GT Nexus from Infor, Everstream, and Project 44. Here are some additional examples: Hands-free processes?
Leadership Transition and Strategic Continuity Eddie Capel, Chairman of the Board Eddie Capel, Chairman of the Board opened the event by reaffirming Manhattan Associates ongoing focus on innovation, partnership, and adaptability. In his view, these components form the foundation for long-term operational and commercial success.
For example, in Figure A, we share on orbit chart on how Sanofi is underperforming the industry. An average margin of 21% with inventory turns of 1.58 As shown in Figure B, the company improved cash-to-cash through the extension of payables, but never improved inventory levels after the spin-off from Kraft.
The future inventory fire sale. One of my stark realizations this year is that smaller companies are beating larger and often more established companies on growth metrics, inventory turns, operating margin, and Return on Invested Capital (ROIC). (In ” Product innovators in their sectors. Driving process innovation agendas.
In this guide, we’ll explore what cost efficiency is, examples, and best practices on how cost efficiency can make your company more competitive and profitable in today's fast-paced economy. Example of cost efficiency A TechRepair Company operates two service plans: Plan A costs $6,000 monthly and services 1,200 devices.
Let me give you an example. I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. Of the twenty companies interviewed, only one can answer the question, “Do you have a good inventory plan?” No technology in the market measures inventory health.
The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. Orbit Chart for L’Oréal at the Intersection of Inventory Turns and Operating Margin.
ML looks into historical data (for example, transit time statistics of carriers) and data from impactful external factors (such as port congestion, weather or holidays) and uses this information to develop more accurate transit time estimates.
To drive progressive change, I think that we need to rethink supply chain basics and unlearn from the past while driving process innovation. Let’s Start With a Discussion on Inventory. When we look at table 1, we see burgeoning inventories in some industries and extreme shortages in others. Let’s take an example.
Examples of Supply Chain Robots at MODEX 2024 Several exhibitors at MODEX 2024 showcased their innovative solutions for supply chain robotics, demonstrating the diversity and potential of this field. Here are some of the examples that caught our attention.
” The industry is in a groupthink, largely missing the opportunities for breakthrough innovation. For example, the Gartner Top 25 celebrates the accomplishments of Intel (active with Gartner), but in the analysis in Table 1, Nvidia Corporation and Taiwan Semiconductor (TSMC) clearly outperform Intel in the Semiconductor Industry.
For example, in contract logistics, the 3PL makes use of a warehouse management system so that they can do the job efficiently. But now we are seeing an entirely new type of services firm in the supply chain world – a service provider that does the planning and takes ownership of the inventory. The right IT is critical.
Imagination and Innovation : Humans imagine futures that don’t yet exist—something no algorithm can replicate. Our AI solutions optimize forecasting, replenishment, and inventory, but humans remain central. For example: Probabilistic forecasting helps businesses manage uncertainty—not by removing humans, but by empowering them.
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