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Only as Good as Your Data: Why Supply Chain Digital Twins Require Real-Time Data Unification

ToolsGroup

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. There are so many teams and departments and supply chain nodes, all with their own systems and solutions. They enable planners to perform scenario planning, which is essential in the age of unified commerce.

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This Week in Logistics News (March 20 – 26)

Logistics Viewpoints

A lot of this effort comes down to more sustainable sourcing, which tends to make environmental-conscious consumers happy. Dublin-based Evocco lets you track, improve, and offset the climate impact of your food purchases based on your receipt. Starbucks to improve sustainable coffee sourcing.

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PepsiCo’s Massive, Complex, and Difficult Greenhouse Gas Initiative

Logistics Viewpoints

Scope 1 emissions include direct emissions from the company’s owned and controlled sources. Scope 2 emissions are indirect emissions from purchased energy. Supplier relationships need to move from transactional deals to true sourcing partnerships with their most important suppliers. PepsiCo has farmers they directly source from.

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The Backorder, March 20 2024

Unleashed

Software is cheaper than staff – so give employees the tools they need to add maximum value and efficiency. Avoid having too much capital tied up in inventory; use stock optimisation software to set optimal min and max levels based on historical data and sales trends. Get ruthless about technology. Lease big ticket items.

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Faceless AI Will Not Relegate the Social Side of Business to the Past

MIT Supply Chain

As Lynn Torrel, chief procurement and supply chain officer at Flex, explained the company’s operations during the Covid-19 pandemic, “We’ve had a few escalation calls with suppliers, and you get on a call, and there are critical needs. It helps in negotiating a solution and obtaining mutual commitments to action.

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Understanding the Potential Tariffs Risks: Eight Strategies for Manufacturers to Mitigate the Impact

IQMS

Start by reviewing all of your open purchase orders and recent receipts and understand what unplanned tariff charges you may have incurred. if you ordered a production tool from China for $50K and it was not in transit prior to the application of new tariffs, you could owe the new tariff. For example.

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Trends 2019: Food

Enterra Insights

Kerr Food and Agricultural Products Center (FAPC) predict, “From tried-and-true barbecue sauces and flavorful potato recipes with a twist, food developers are becoming inspired by Kansas City barbecue, Southern Appalachian pimento cheese, Made in Oklahoma salsas and other areas from sea to shining sea. ” Hemp-infused foods.

Food 100