The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Generative AI can use models with billions or even trillions of parameters trained on massive datasets (think the size of the internet), enabling it to produce increasingly complex outputs such as speech, text, and videos. It can then generate new content using prompts that resemble the original training data.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

Supply Chain Shaman

JULY 21, 2022

The selection of metrics is based on prior work with Arizona State University to understand which metrics, in combination, correlate to market capitalization and price to book value. Supply Chain Excellence Is Closely Coupled With Product Innovation. Leaders invest in analytics and customer-centric innovation.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

TransAudit

DECEMBER 13, 2023

Develop circular economy knowledge and skills through training programs and pilot projects. Circular supply chains require multidirectional communication and innovation, so the technology must provide easy ways to accomplish this. Reward supplier innovation and progress on circular initiatives.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 88

QAD

APRIL 13, 2023

For example, rather than hiring someone with the required skill set, many companies are investing in training and development programs to upskill their workforce, and ensure that their employees are equipped with the skills needed to succeed in their role.

Pharmaceutical 94

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 94

The Logistics & Supply Chain Management Society

NOVEMBER 15, 2021

Continued Innovation even Amidst the Pandemic. This investment in equipping employees with future ready skillsets has put the organization in good stride to tackle the challenges brought on by COVID-19; allowing Schenker to accelerate investments and efforts in innovation even as many other organizations are struggling to stay afloat.

Singapore 246

Singapore Logistics Network Optimization Software Supply Chain Design Software Waste Reduction 246

Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. Common performance metrics include process completion rate and the number of automated tasks.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Material Handling & Logistics

DECEMBER 2, 2018

In that spirit, we’ve combed the MH&L archives for the most innovative supply chain developments of the past year, as reported in our print magazine, on our website, in our e-newsletters, or our various social media channels. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019.

Supply Chain Design Software 110

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Innovation 110

Kinaxis

SEPTEMBER 23, 2015

Economists seem divided about whether existing metrics are sophisticated enough to properly measure the link between technology and job loss. The post Are Universities Training Students for Obsolete Jobs? workers’ jobs, will be threatened by automation. That’s our take. But what’s your perspective? Let us know in the comments!

Supply Chain Software 100

Supply Chain Software Buyer Training Price Mitigation Strategies Training 100

Silvon Software

JANUARY 25, 2023

Salespeople have personal interest in their metrics, so it’s helpful if the forecasting software calculates the forecasting KPIs to make it easy for them to see where they stand. Forecast-accuracy metrics are often not included in sales KPIs, but if your company is serious about demand planning, then they should be.

Supply and Demand 106

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 106

Elementum

JANUARY 16, 2024

By implementing BPA, businesses can reduce human error, improve agility, and focus on innovative work that drives growth. The goal of automation is to minimize human intervention and increase innovation, while optimizing the use of IT systems and resources.

Supply Chain Software 78

Supply Chain Software Logistics Network Optimization Software Resource Reduction Optimization Software 78

Elementum

DECEMBER 14, 2023

Automating Business Processes: Streamlining Efficiency and Profitability In today’s fast-paced business world, efficiency and innovation are key to staying ahead of the competition. Remember to review and adjust your automation strategy based on these metrics and evolve your processes to maximize efficiency and effectiveness.

Supply Chain Software 78

Supply Chain Software Optimization Software Resource Reduction Supply Chain Planning Software 78

Supply Chain Shaman

MARCH 28, 2016

The supply chain is a complex system with finite, and non-linear relationships between supply chain metrics that drive balance sheet results. We find that companies can improve one, but not two of the metrics. Teams struggle to drive improvement in both metrics at the same time. A Look at History. Resiliency.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Procurement Academy

OCTOBER 19, 2023

Strengthened supplier relationships arise from negotiation training. This procurement approach looks at the delivery of value beyond instant cost savings, such as timely delivery, compliance, and innovation. This means that routine transactions turn into strategic opportunities that create several key advantages.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

Supply Chain Insights

JULY 23, 2017

Use our Metrics That Matter methodology to look at improvement and performance. At each round, employees gain an understanding of the value of supply chain decisions through the sharing on the Supply Chain Metrics That Matter. Training. We want to help, we offer three types of training. How does it help? How to keep up?

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Price Mitigation Strategies Inventory Reduction 0

The Logistics of Logistics

FEBRUARY 15, 2013

Innovation and new technology are obviously important, but when evaluating a 3PL, go with the one that excels at blocking and tackling. During the post Implementation phase, a top notch 3PL will provide communication on the following: shipment management, documentation, rolling out new initiatives, new services and ongoing training.

KPI 189

KPI Logistics Network Optimization Software 3PL Continuous Improvement 189

Logility

JANUARY 14, 2021

Logility scored significantly higher than its peers’ average in areas such as low total cost of ownership (TCO), user experience, high availability, industry specialization, out-of-the-box availability, and availability of training. It is truly an honor to be named by IDC as a leader in supply chain customer satisfaction.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Analytics Software Demand Planning Software 130

DELMIA Quintiq

SEPTEMBER 10, 2019

If you’re going to put a label on that application of machine learning, it’s a higher profit margin that will create more innovative products to make the customers even happier. The training data is collected, processed, and evaluated in a structured sequence of steps to prepare that data for use in the machine learning algorithm.

Supply Chain Design Software 149

Supply Chain Design Software Predictive Analytics Software Modeling Software Industrial 149

Precoro

DECEMBER 11, 2023

It prioritizes not just the lowest purchase price, but the lowest total cost of ownership — meaning the total cost of a product or a service during its lifecycle, including purchase, maintenance, repair, staff training, support, security, and other costs. At this point, both parties are ready to carry out the contract terms.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

ThroughPut

MARCH 15, 2024

Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI. Based on the outcome chosen, key metrics can be identified to track the impact of AI, such as “order accuracy” or “warehouse throughput”. Thorough data cleansing significantly enhances the accuracy of AI’s predictive capabilities.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

ThroughPut

MARCH 15, 2024

Step 3: Metric Selection Not everything can be improved or enhanced at the same time with AI. Based on the outcome chosen, key metrics can be identified to track the impact of AI, such as “order accuracy” or “warehouse throughput”. Thorough data cleansing significantly enhances the accuracy of AI’s predictive capabilities.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

Arena Solutions

OCTOBER 12, 2023

2 As the numbers indicate, there are plenty of business opportunities, market share, profit, and competition in developing complex, smart, innovative products. A QMS typically aligns with your product lifecycle management (PLM) solution and your product innovation goals. billion to $855.62 billion in 2023. billion to $799.67

Quality 89

Quality Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 89

OptiProERP

APRIL 9, 2024

Document processes and provide training to employees to ensure compliance and proficiency. Use dashboard reporting and analytics tools to track performance metrics in real-time and identify areas for improvement. Implement regular reviews and retrospectives to identify bottlenecks, implement corrective actions, and drive innovation.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Inventory Management Software 52

ivalua

AUGUST 16, 2021

This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . Drive collaboration and leverage suppliers to drive innovation. Identify missing skills, needed training, and develop plans to address. Ensure compliance with business and regulatory requirements.

Optimal Sourcing 130

Optimal Sourcing Sourcing Strategies Supply Chain Planning Software Supply Chain Design Software 130

Supply Chain Shaman

AUGUST 2, 2017

Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. There are some trade-offs in training and labor, but having the right fit of a model to build a feasible plan can be well worth it.) Reporting Structure.

S&OP 154

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 154

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

CEVA Logistics actively reaches out to support social innovations and engage local communities. To that end, regular employee training is provided to ensure our workforce has the latest regulatory information and is committed to following our CEVA Code of Conduct. Photo Credit: L’Oréal. million gallons of SAF this year.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

GlobalTranz

SEPTEMBER 23, 2021

The forthcoming infrastructure bill may contain funds to help assist shipper needs, such as grants to increase the number of driver training facilities and kickbacks to carriers that implement added safety measures. As the industry evolves and innovations improve, OTR freight management technologies offer?? transportation metrics ?that

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

Logistics Viewpoints

JULY 27, 2021

What’s more, bots don’t require paychecks, benefits, vacations, training or other workforce overhead. You can also build metrics to support your hiring practices, making sure you’re paying drivers what they’re worth to inhibit churn, enhance acceptance rates or stem the tide of driver turnover. Keep Your Eyes on the Road.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Predictive Analytics Software 246

Logistics Viewpoints

APRIL 19, 2021

Before the company could innovate, they needed to standardize on one operating platform. What if I “told you I had a workforce that sticks with you, has high retention, that shows up to work every day, that is easy to train, that is safe, that is productive. Safety is a key metric at the company. This is them… our hidden secret.”

Modeling Software 209

Modeling Software Warehousing Supply Chain Design Software Supply Chain Network Software 209

The Logistics of Logistics

SEPTEMBER 8, 2022

Dan is the CEO & Chief Learning Officer at Symtrain , an advanced AI-based training platform that is unlike any other. His passion for lifetime learning, growth, and innovation has led him to build symtrain, an SaaS platform which automates the process of role-play and coaching. About Dan McCann. Key Takeaways: The Symtrain Story.

Logistics Network Optimization Software 192

Logistics Network Optimization Software Buyer Training Training Price Mitigation Strategies 192

Elementum

JANUARY 16, 2024

By utilizing technology to automate complex business processes—such as production, employee onboarding, and customer service—companies can enhance productivity, efficiency, and promote innovation. Regularly reevaluate your processes, tools, and performance metrics, and make adjustments as needed to maximize efficiency and effectiveness.

Supply Chain Software 78

Supply Chain Software Cost Reduction Strategies Resource Reduction Inventory Reduction 78

ToolsGroup

SEPTEMBER 30, 2019

31% of companies are investing in training for their staff to help fill the knowledge gap to further increase the success of these projects. Change is a huge obstacle to digital transformation. It’s one thing to evaluate and select an application, however it’s another huge step to adapt users for full adoption of new systems.

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Planning Scenario Planning Agile and Lean Supply Chain 168

QAD

AUGUST 26, 2021

Among other things, it takes best practices, simplified IT architecture, well trained teams and a proper IT investment – in other words, money, patience, planning and force of will. Don’t forget training to fill AI roles, as a lack of appropriate skill sets is a major obstacle to AI deployment. And training requires a budget line item.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 98

Supply Chain Shaman

MAY 2, 2016

We also see that manufacturing companies with a strong dependency on BPO are less agile and rate themselves lower on innovation. In parallel, the traditional software vendors are struggling with the Innovators Dilemma. The fast lane to innovation is with new start-ups. Software maintenance costs are rising for the CIO.

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Analytics Software Supply Chain Software 150

Supply Chain Shaman

AUGUST 2, 2017

Metrics Definition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. There are some trade-offs in training and labor, but having the right fit of a data model to build a feasible plan for supply can be well worth it.)

S&OP 152

S&OP Supply and Demand Supply Chain Design Software Supply Chain Planning Software 152

Locus Robotics

MARCH 21, 2023

Results Matter Whatever your success metric, that’s what matters to us. Reduce overtime hours by 15% Shorten cycle times by 50% Reduce training time by 80% By collaborating with your team, aligning with your workflow, and empowering your workforce, Locus reimagines your business so you can realize your goals, and create new possibilities.

Warehousing 52

Warehousing Supply Chain Software Agile and Lean Supply Chain 3PL 52

Supply Chain Shaman

SEPTEMBER 2, 2016

Pick five-to-seven balanced metrics and hold all functions accountable to these corporate metrics. I strongly believe that conventional training on historic functional processes is not sufficient. Driving the future requires innovation… Figure 4. Are you building next generation supply chain talent?

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Strategy Supply Chain Design Software Supply Chain Software 0