Logistics Viewpoints

AUGUST 4, 2022

If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demand planning woes? Artificial intelligence and machine learning ( AI/ML ) can improve forecast accuracy, but a bigger problem is the failure to set accurate expectations around forecasting models, not the accuracy of the models themselves.

Supply and Demand 246

Supply and Demand Forecasting Forecasting Software Demand Planning 246

Logistics Viewpoints

NOVEMBER 19, 2020

According to the MHI Industry Annual Report , AI and machine learning adoption in supply chains is only 12% today, but the curve is expected to rise rapidly to 60% within five years. Do we even need supply chain planners, or can we turn out the lights and go home, because we now live in a world of autonomous planning?

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Agile and Lean Supply Chain Modeling 130

Elementum

SEPTEMBER 12, 2018

It will deliver tropical-storm-level winds by noon Thursday to North Carolina's coast, and hurricane-force winds and dangerous storm surges by late Thursday or early Friday. Forecasted Effects on Environment, Communities, and Supply Chains. Over 1 million people have been ordered to evacuate in the Carolinas and Virginia.

South Carolina 68

South Carolina North Carolina Puerto Rico Forecasting 68

Elementum

SEPTEMBER 12, 2018

It will deliver tropical-storm-level winds by noon Thursday to North Carolina's coast, and hurricane-force winds and dangerous storm surges by late Thursday or early Friday. Forecasted Effects on Environment, Communities, and Supply Chains. Over 1 million people have been ordered to evacuate in the Carolinas and Virginia.

South Carolina 60

South Carolina North Carolina Puerto Rico Forecasting 60

Enterra Insights

JULY 23, 2021

… Christmas in July started [88] years ago on July 24th and 25th in 1933 at a girls’ camp called Keystone Camp in Brevard, North Carolina.”[1] Kearney’s Consumer Products and Retail Practice, asserts, “Retailers need to review forecasts and inventory commitments for Holiday 2021 which could be a blockbuster.

Logistics Network Optimization Software 100

Logistics Network Optimization Software North Carolina Logistics Supply and Demand 100

Resilinc

APRIL 26, 2022

manufacturing of drugs, semiconductors and other critical products, supply chain managers in the life sciences industry continue to pivot from the pandemic to proactively analyzing supply chain risks and evaluating options to develop more resilient supply chains. AI can predict or forecast supply chain-related events (e.g.,

Pharmaceutical 62

Pharmaceutical Supply Chain Planning Software Supply Chain Software Supply Chain Planning 62

Logistics Viewpoints

JANUARY 25, 2024

What AI has been able to do for years is find patterns and make predictions at a scale far beyond our human cognitive capacity, such as forecasting for a retailer with billions of sales records and millions of items. Global Network. AI can accomplish tasks humans couldn’t do before, and do them better and faster, saving time and money.

Supply Chain Planning Software 231

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Strategy 231

Material Handling & Logistics

OCTOBER 15, 2018

for a second month, compared with the median forecast of economists for a 0.6% retail sales rose less than forecast in September, as a broad-based increase was overshadowed by a drop in restaurant receipts that may reflect the impact of Hurricane Florence. for a second month, compared with the median forecast of economists for a 0.6%

Forecasting 49

Forecasting Retail Vendor Strategies Purchasing Skills 49

Supply Chain View from the Field

APRIL 20, 2015

We are in the last stages of planning for our upcoming 31st Semi-Annual Supply Chain Resource Cooperative (SCRC) Meeting on Monday and Tuesday, April 27-28, 2015 at North Carolina State University. Bloomberg News has just released its rankings of forecast accuracy through the end of Q3 2014.

Risk Management 60

Risk Management Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 60

USC Consulting Group

AUGUST 11, 2020

The novel coronavirus has produced a lot of uncertainty, and for manufacturers in the pulp and paper industry, that includes uncertainty related to demand. For the most part, the pulp and paper industry was able to make the necessary adjustments, as formerly hollowed-out store shelves are full once again. and worldwide.

Procurement Analytics 59

Procurement Analytics Rhode Island Manufacturing Procurement Material Savings 59

Logistics Viewpoints

AUGUST 11, 2023

It’s taking semiconductor firms more than twice as long as their peers in other industries to hire personnel such as technicians or mechanical engineers, with the typical process stretching to about three months, according to an analysis of the top 50 chip producers in the US by Revelio Labs, a labor-market data analyst. million TEU, down 12.7

Logistics Network Optimization Software 181

Logistics Network Optimization Software Negotiating Skills Purchasing Skills Logistics 181

MIT Supply Chain

NOVEMBER 24, 2020

Warehousing response to online growth Consulting firm Deloitte forecasts that e-commerce sales will grow by 25% to 35%, year-over-year, during the 2020–2021 holiday season, generating $182 billion to $196 billion in sales. Similarly, shoe retailer DSW started shipping orders out of its closed shoe stores. “We

Warehousing 52

Warehousing Supply Chain Design Software Supply Chain Planning Software Modeling Software 52

Supply Chain View from the Field

DECEMBER 16, 2013

I helped create the first North American chapter of BVL International in the Carolinas, and we hosted two meetings at Volvo in North Carolina and Thyssen-Krupp in South Carolina. However, the idea of procurement as a market-facing forecaster is a new role for many companies.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

ivalua

NOVEMBER 10, 2020

While some industries/verticals have fared better than others , it is fair to say that ALL have been affected in some way. And most forecasters aren’t predicting an upswing, at least in the short term. . Early pioneers of this approach include the states of Florida, North Carolina, and Virginia.

Procurement Solutions 130

Procurement Solutions Procurement Analytics Modeling Software Analytics Software 130

ivalua

NOVEMBER 10, 2020

While some industries/verticals have fared better than others , it is fair to say that ALL have been affected in some way. And most forecasters aren’t predicting an upswing, at least in the short term. . Early pioneers of this approach include the states of Florida, North Carolina, and Virginia.

Purchasing Skills 130

Purchasing Skills Procurement Solutions Procurement Analytics Sourcing 130

Supply Chain View from the Field

FEBRUARY 25, 2015

Since graduating from the NC State Jenkins MBA program in 2006, Joydeep Ganguly has risen through the ranks at Biogen Idec – the world’s oldest independent biotechnology company and the largest biotech employer in North Carolina. We didn’t expect that and our cost profiles were lower then the industry as a result.

Supply Chain Design Software 60

Supply Chain Design Software Supply Chain Design Negotiating Skills Price Reduction 60

Kanban Logistics

FEBRUARY 27, 2020

If your actual volumes don’t match your forecasts, you can be left paying a lot of money for resources you’re not using – or scrambling to add resources to keep up. In the logistics industry, most 3PL warehousing providers are fully responsible for their buildings, equipment, and people. The dedicated 3PL model.

Warehousing 52

Warehousing 3PL Negotiating Skills Logistics Network Optimization Software 52

RELEX Solutions

JULY 26, 2016

LifeWay , one of the world’s largest providers of Christian resources, is implementing RELEX Solutions’ supply chain software for its retail division to improve its inventory forecasting, replenishment and allocation processes. What really set RELEX apart was their customer reference approach.

Forecasting Software 28

Forecasting Software Supply Chain Planning Software Forecasting Supply Chain Software 28

DAT Solutions

DECEMBER 4, 2017

Regardless of the long-range forecast , it’s best to be prepared for anything. Guest blogger Kevin Selfe holds a BSc in Meteorology from North Carolina State University in Raleigh. And skiers might enjoy above-average snowfall this winter in the Oregon, Washington, Montana, Wyoming, and Western Canada. Stay safe out there!

South America 70

South America Montana Oregon North Carolina 70

Unleashed

FEBRUARY 28, 2021

Industry leaders predict that in the coming years, more businesses will adopt fully integrated, digitized solutions in order to streamline their activity and secure a competitive advantage. . Unleashed began life as an inventory management tool , and has expanded into a full business management solution for product-based industries.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Analytics Software 98

EC Sourcing Group

APRIL 7, 2020

Is their industry dealing with labor shortages, or could they? What is your forecast for the next 6 months? As the late Jim Valvano, who was the former North Carolina State basketball coach, was fond of saying about the NCAA tournament “survive and advance.”. What percentage of their total sales are our purchases?

Material Savings 52

Material Savings Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 52

Logistics Viewpoints

APRIL 11, 2024

I’ll describe three of the top areas: seamless collaboration, improved forecast accuracy embedded in the supply chain workflow, and disruption response. Had we forecasted that, we would have built a different supply chain.” So how can supply chain orchestration help? When people’s health is at risk, that’s a goal worth fighting for!

Pharmaceutical 231

Pharmaceutical Supply Chain Planning Software Supply Chain Planning Agile and Lean Supply Chain 231

Enterra Insights

JULY 26, 2018

For most organizations applying it to forecasting will be the most valuable.”[4]. De Bernardini observes, “The number of sensors used in any kind of industry is rapidly growing. De Bernardini explains, “3D printing is an emerging technology that is becoming quite common in many different kinds of industries.

Supply Chain Design Software 100

Supply Chain Design Software Supply Chain Disruption Supply Chain Software Supply Chain Design 100

NC State SCRC

APRIL 22, 2017

On April 19th and 20th the Supply Chain Resource Cooperative held its bi-annual Board Advisory meeting and Partner Meeting in the Talley Student Center at North Carolina State University. Mike shared how this has helped Bayer with the challenges around forecasting in light of the different temperature cycles across North America.

Innovation 40

Innovation Supply Chain Planning Software Supply Chain Design Software Analytics Software 40

Logistics Viewpoints

DECEMBER 13, 2022

The rail industry was on the brink of a strike-induced labor shortage that would have happened overnight if the President hadn’t intervened. In the 2022 MHI Annual Industry Report , 54% of respondents cited hiring and retaining qualified workers as a threat second only to disruptions.

Supply Chain Planning Software 190

Supply Chain Planning Software Supply Chain Software Analytics Software Predictive Analytics Software 190

NC State SCRC

APRIL 22, 2017

The Supply Chain Resource Cooperative held its bi-annual Industry Partner Meeting in the Talley Student Center at North Carolina State University this past week. The barriers to global trade may or may not occur, as there is a lot of political influence on behalf of many industrial interests.

Price Reduction 0

Price Reduction Cost Reduction Strategies Resource Reduction Inventory Reduction 0

NC State SCRC

DECEMBER 11, 2019

Andrew Partis shared his views from ThermoFisher, a global contrat manufacturer for the pharmaceutical industry. He spent 34 years of his career in the IT services industry, where technology has revolutionized the commercial framework. We as an industry are anticipating massive short-term changes in both the EU and the UK.

Global 52

Global Pricing Training Negotiating Skills Negotiate Pricing 52

Material Handling & Logistics

SEPTEMBER 8, 2017

The potential dangers stored within chemical plants remain unclear because regulators have acquiesced to industry demands that such information be kept secret for fear of terrorism. Before Harvey, the American Chemistry Council industry group issued a statement saying, "Chemical companies know well to avoid the dangers of being unprepared."

Chemicals 40

Chemicals Florida Houston Turkey 40