article thumbnail

10 Ways A Data Gateway Improves Time to Value Across Your End-to-End Supply Chain

Logistics Viewpoints

For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.

article thumbnail

How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

They follow “if-this-then-that” (IFTTT) logic, meaning that when certain conditions are met, the contract automatically executes an agreed-upon action, such as releasing a payment, updating an inventory record, or verifying a shipment. Inventory counts often require manual audits, which are time-consuming and prone to mistakes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain AI: 25 Current Use Cases (and a Handful of Future Ones)

Logistics Viewpoints

We are no longer just forecasting demand but also when trucks and factory machinery are likely to break down ( predictive maintenance ), the optimal amount of inventory to hold and where it should be held ( inventory optimization) , and labor forecasting in the warehouse. It is used by customs authorities worldwide.

article thumbnail

Managing Supply Chain Planning in the World of Scarcity

Supply Chain Shaman

This is amplified across the supply chain into an exponential impact on inventory and planned orders for manufacturing. Inventory Health. I find only 8% of companies actively measure inventory health. Few organizations have the ability to manage the form & function of inventory. Measure inventory health.

article thumbnail

10 Ways A Data Gateway Improves Time to Value Across Your End-to-End Supply Chain

Logistics Viewpoints

For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.

article thumbnail

The Importance of Energy Transition and Sustainability in the Logistics and Supply Chain Industry

Logistics Viewpoints

Regulatory Demands: Governments worldwide are enforcing stricter emissions standards and introducing carbon taxation schemes, pressuring companies to adapt. Transitioning to EVs can also benefit from government subsidies and tax incentives, accelerating adoption. Immutable records enable accountability throughout the supply chain.

article thumbnail

Inflation in 2022: Is the Bullwhip Effect to Blame for Retail Inventory Glut

Logistics Viewpoints

I did a little digging to find out the specifics about excess inventory, the stated causes, and the potential implications. Retailers’ Inventories – Just Keep your Returns? Unfortunately, I am unsure about the order of magnitude or the duration of these inventory mismatches. Here’s my take on the topic.