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Supplychain practitioners seeking the best way to speed decision intelligence, unify supplychain data, and increase operational efficiency can benefit from a supplychain data gateway. Here are 10 ways a supplychain data gateway can improve your performance across the end-to-end supplychain.
As the logistics technology sector continues to mature, the number of tools, solutions and platforms that supplychain stakeholders are using (juggling?) Thinking back on the many presentations, panel discussions and conversations over the course of the conference, a few unifying themes come to mind. are growing too.
Supplychain practitioners seeking the best way to speed decision intelligence, unify supplychain data, and increase operational efficiency can benefit from a supplychain data gateway. Here are 10 ways a supplychain data gateway can improve your performance across the end-to-end supplychain.
Is this the visibility shippers so desperately need? FourKites provides a supplychainvisibility platform that can ingest location and status data from trucks, trains, ships, and other transportation assets, and then provide visibility to where a company’s goods are, along with predictive times of arrivals.
While 87% of supplychain leaders say their organization has made significant investments to improve supplychain resiliency, 19% admit that today they are unprepared to face supplychain disruptions due to supply shortages. “To
Let’s explore some of the technology changes that organizations should consider as they align their corporate goals and objectives to utilize big data to improve their end-to-end supplychainvisibility. There is more to supplychainvisibility than a complex set of KPIs.
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supplychainvisibility. In this article, we will explore the basic concept and propose ways that you can use to create the better visibility.
SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. SAP’s Business Network is a supplychain collaboration network.
In a statement on Sunday, GM was quick to note that it did not have a direct relationship with Zhongrong , which it described as a Tier 2 supplier, and added that Tier-1 suppliers such as Dicastal are “required to source from Tier-2 suppliers who must meet both in-country environment and safety standards as well as quality standards.”.
Supplychainvisibility is no easy task – in fact, defining what it means can be a challenge in itself. What is your definition of supplychainvisibility? This means you have to design a supplychainvisibility solution around your trading partners and suppliers.
Technology Integration : Use of technology in logistics, inventory management, and supplychain tracking has helped improve efficiency and transparency. Sustainability : Amul focuses on sustainable practices, promoting eco-friendly methods among farmers and minimizing waste throughout the supplychain.
Your supplychain should benefit from end-to-end supplychainvisibility and execution solutions that work together in a coherent supplychain orchestration strategy. This is where visibility to suppliers and new souring options becomes critical. What does that mean?
Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supplychain models, distributing production and sourcing across multiple regions.
Supplychainvisibility offers the means to manage your supplychain efficiently by offering previously unseen opportunities. What they end up with is an unresponsive, inflexible system and no visibility at all into the supplier data they need. What Is End-to-End SupplyChainVisibility?
This requires leveraging both supplychainvisibility and data-driven intelligence at lower levels in the supplychain, and then using those capabilities to make rapid changes as necessary in vendors, facilities, and modes and routes of transportation. How do you do this?
Those are just some of the questions I addressed with John Martin, Vice President at MercuryGate , and Brian Thompson, Chief Commercial Officer at SMC 3 , in a recent episode of Talking Logistics. SupplyChainVisibility Gaps. Transportation Visibility Challenges.
In today’s interconnected world, ethical sourcing has transitioned from a “nice-to-have” to a critical imperative for businesses across all sectors. This heightened awareness places a significant responsibility on procurement professionals to ensure that their supplychains align with ethical and environmental standards.
Jake Hoffman and Joe Lynch discuss the Gnosis Freight Container Lifecycle Management® Platform and how Gnosis streamlines international logistics. We then speak with Jake Hoffman, CTO of Gnosis Freight, a logistics tech company focused on the lifecycle of a shipping container as it moves around the world.
Achieving end-to-end supplychainvisibility has been the Holy Grail for industry executives — always desired, but seldom achieved. This has been an ongoing challenge, in part, because supplychain networks, technologies, and processes are always changing, making supplychainvisibility a moving target.
Supplychain professionals, like military professionals, often find situational awareness an elusive goal. Over a decade ago, Cecere wrote, “As we enter the world where data is more available from trading partners, we can navigate across the supplychain into customer’s customers and supplier’s suppliers.
While in some ways obtaining supplychainvisibility has gotten more difficult over the years, due to globalization, outsourcing, product proliferation, and other factors, in other ways it has gotten easier thanks to advancements in technology. One area, for example, is trading partner and system integration.
Five Year Performance on Business Goals (2019 – 2023) Looking at 2024 Priorities When it comes to organizational priorities across supplychain functions for 2024, APQC finds that supplychain planning remains in the top spot for the fifth year (selected by 90 percent of organizations).
I discussed the risks and complexities of international transportation in a recent episode of Talking Logistics with Russ Romine, VP of Global Transportation Services at LEGACY SupplyChain Services (a Talking Logistics sponsor). Here’s what he said: It starts with sourcing.
Key Decision Intelligence Insight s include the following: The CFO Financial with Tariffs Decision Intelligence Insights visualizes how tariffs dynamically impact variable cost, providing real-time ROI comparisons across offshore and domestic sourcing options.
The recent weaponization of pagers and radios in Lebanon serves as a powerful wake-up call to CEOs and governments worldwide; businesses must improve supplychainvisibility now. Then, examine how this new risk affects companies across the globe and underscores the dire need for enhanced supplychainvisibility.
Kyle is Co-founder and CEO of Vizion , a groundbreaking technology company revolutionizing container tracking in the logistics industry. About Kyle Henderson Kyle Henderson is Co-founder and CEO of Vizion, a groundbreaking technology company revolutionizing container tracking in the logistics industry.
What Is Visibility? In our recent survey on analytics, today 74% of companies are attempting to improve supplychainvisibility (as shown in Figure 1). Projects Being Implemented as Part of a Digital SupplyChain Transformation Project. Visibility means many things to different people.
As digitization continues to modify the global supplychain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supplychainvisibility. To these companies we say, follow these five steps.
These real-time solutions work by continuously monitoring a wide variety of risks, identified based on monitoring hundreds of thousand online and social media sources, and then elevating risks in heat bubble maps. There are supplychainvisibility solutions for Risk, Source, Make, Deliver, and Returns/Recalls.
FourKites , the global leader in real-time supplychainvisibility, has launched a Sustainability Dashboard where companies can see miles traveled to create a baseline for emissions. FourKites Sustainability Dashboard also enables companies to identify the highest source of freight-related emissions across the supplychain.
This means supplychain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a 2018 survey by GEODIS, only 6% of supplychain professionals worldwide believed their companies had achieved supplychainvisibility ?
Subscribe to SupplyChain Game Changer. SupplyChainVisibility – An Overcomplicated Challenge! A recent Deloitte survey estimated only 15% of CPO’s have visibility beyond their tier one suppliers. I found this striking that there is so little multi-tier SupplyChainvisibility.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Today’s article comes from Matt Elenjickal, Founder and CEO at FourKites, and looks at redefining real-time visibility. What’s my ETA? What’s the dwell time?
Management of Ocean Transit Time Reliability and Visibility by LSCMS Shippers’ Council How would Logistics managers explain to their COO and Production group that inbound material will arrive on 23Dec but with 50% probability? What is supplychainvisibility and why it is important?
Having an effective supplychain practice has always been a difficult balancing act, even in relatively stable times. Many factors need to align for an organization to be able to source materials, produce a product and put it in the hands of customers. Supplychainvisibility solutions. Control towers.
The shocks of early 2020 hit the freight management and logisticssupplychain hard. The right technology can help freight managers see what’s going on throughout the chain. Supplychainvisibility and collaboration come into play and makes a world of difference.
Elenjickal focused on the three main areas where FourKites is looking to improve connections across supplychains: geos, teams, and ecosystems. Connected Geos Connected geos is all about the continuing evolution of the global supplychain.
Enhancing supplychain resilience as well as supplychainvisibility is crucial in today’s interconnected world. SupplyChain Resilience refers to a supplychain’s ability to withstand and recover from unexpected events.
Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supplychain to be a major disconnect, and the most pressing pain point. MSCN solutions provide supplychainvisibility, network-based applications, and network analytics across an extended supplychain.
GranTerre has been a ToolsGroup customer for many years, and we value their commitment to innovation,” said Massimo Corradi, SupplyChain & Logistics Director, GranTerre. “We We are excited to see these enhancements to SO99+ and the improvements they will bring in visibility, explainability, and power.”
A SCCN is a collaborative solution for supplychain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. SCCN solutions provide supplychainvisibility and analytics across an extended supplychain.
And a FourKites survey of 350+ supplychain leaders tells us that the past few years of supplychain disruptions — including COVID-19, market volatility, global political conflict, material shortages and extreme weather events — drove 73% of respondents to begin investing in supplychainvisibility, with 46% planning to invest more in 2023.
SCCN is a collaborative solution for supplychain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. SCCN solutions provide supplychainvisibility and analytics across an extended supplychain.
Autonomous SupplyChains In this competitive environment, a CPG manufacturer needs to fight to get space on retailer shelves in each region, keep those shelves stocked, compete and collaborate simultaneously with e-commerce, and maintain its operating margins. each with discrete plans generated typically in sequential batch runs.
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