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When one thinks of supply chain software vendors, the name InterSystems may not spring to mind. They offer softwaresystems and technology for complex integration, rapid application development, and advanced analytics and sell those solutions to companies that need to accelerate optimized business outcomes.
They emphasized being an Industry Cloud Complete Company with industry-specific solutions for over 2000 micro verticals across Process Manufacturing, Distribution, Service Industries, and Discrete Manufacturing. Industry-specific content is available for processes like Source to Settle, Procure to Pay, Order to Cash, and more.
Traditional supply chain planning tools rely on deterministic forecasting, generating single-point estimates that often misrepresent real-world complexities. However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. The result?
Traditional supply chain planning tools rely on deterministic forecasting, generating single-point estimates that often misrepresent real-world complexities. However, this approach ignores real purchasing behavior, such as customers buying complete sets of four tires. The result?
Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products.
Analytics and business intelligence (BI) are no longer optionaltheyre essential. They need visibility across multiple internal systemslike ERP, CRM, and financial platformsand even external sources shared with suppliers, partners, and customers. But lets be clear: not all BI platforms are created equal. Why does that matter?
Below are the individual web links and prime takeaway messages from each of our prior postings: Part One : Michael observed that standard sourcing solutions struggle to support direct materials sourcing because of specific challenges in legacy software design.
By embedding analytics across logistics, sourcing, and fulfillment, businesses gain the visibility and foresight needed to stay competitive.Analytics-driven leadership is no longer a luxury; it’s the foundation of operational survival in todays volatile business environment. Prescriptiveanalytics tells them what to do about it.
The IT taxonomy for visibility is supply chain analytics. As a result, when I was a Gartner analyst and technology providers would provoke me to write a Magic Quadrant on visibility solutions, I would laugh. When we ended the discussions, we agreed that visibility is supply chain capability not a well-defined technology classification.
Descriptive analytics. Prescriptiveanalytics. For everyone trying to navigate new technology options, this is an important question. With the evolution of Enterprise Resource Planning (ERP) platforms and the zealous implementations of many business consultants, the basics of planning were lost. Machine learning.
With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?
This posting is our fifth installment in an ongoing supply chain technology market education series. In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design.
In addition, poor visibility, unpredictable demand, and disjointed systems worsen the situation further and lead to inefficient procurement, misplaced stock, and emergency orders. Thats why a growing number of organizations are turning to AI software for spare parts inventory management.
While most drug shortages impact generics in areas like oncology and anti-infectives, weight loss drugs are capturing headlines today for the challenges many patients have in filling these prescriptions. Manufacturers of these weight loss drugs face a multi-headed hydra of the three c’s: coverage, competition and capacity.
the leader in AI-first supply chain planning software, announced Logility employees, VP of Business Development, Diane Ngabire and President, Allan Dow, were named as winners of this year’s Pros to Know award. Dow and Ngabire have committed their time and talents to positively influence the supply chain profession.
In their list of common nightmare scenarios to try to prepare for, few procurement leaders could have predicted the business disruptions of 2020. Brent discusses how now is the time for enterprises to redouble their efforts to upgrade their operations with digital technologies and innovations that improve sourcing and supplier management.
This posting is the third installment in our ongoing supply chain technology market education series. In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design and why.
Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?
Nevertheless, over the past few years there have been some significant changes in the manufacturing sector, including the maturation of additive manufacturing and the emergence of the Internet of Things (often referred to as the Industrial Internet of Things (IIoT)). Manufacturing trends. Cognitive technology. ”[4].
However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay.
As our Supply Chain Matters readers may have noticed from various social media feeds, this week has been one that featured two supply chain technology focused conferences and a noteworthy product release announcement. This application is built on Kinaxiss AI-powered Maestro platform and delivered by select Kinaxis supply chain experts.
Introduction Global trade has entered a new era of volatility, with tariffs and trade restrictions already proving to be powerful tools of economic policy. Supply chain and procurement leaders must now navigate an increasingly complex regulatory environment, balancing cost efficiency with risk mitigation. For instance, a U.S.-based
YouTube is a fantastic platform offering a unique feel to social media exploration and learning the latest trends in Supply Chain from professionals. 2) Supply Chain Analytics | 22k Subscribers. The Supply Chain Analytics Channel is highly detailed and will always be recommended for years to come. Procurement Jobs in Future.
Supply planning enables you to profitably satisfy market demand through dynamically sourcing materials, optimizing production and manufacturing plans, reducing distribution costs and slashing lead times. Companies that have implemented a MEIO strategy have been able to reduce total system inventory by 20% or more.
I am facilitating a workshop between supply chain business visionaries and technology innovators. While many technology companies have co-opted the network of networks message, today there is no interoperability between network solutions. Five Technology Trends That Excite Me. Building the Network of Networks.
Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It also evaluates the various possibilities such as the best plants to manufacture the required product lines. Inventory control.
While these teams try to piece together the picture, which is difficult, in rooms with few details, overall excitement for supply chain technology advancement is waning. Value Chain Uberization: a platform to enable shared resources across a community. No one makes better software than SAP when they are clear on the business problem.
Lora Cecere ( @lcecere ), founder and CEO of Supply Chain Insights, explains, “There is no class of technologies, or common definition, for ‘supply chain control towers.’ For a manufacturer, that might span from source to make to deliver. … Supply chains are complex, non-linear systems. ”[1].
The Announcement Last week the supply chain orchestration technology support provider announced Kinaxis Tariff Response, a new offering aimed at helping companies simulate tariff exposure, run strategic scenarios, and make data-informed decisions quickly.
Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It also evaluates the various possibilities such as the best plants to manufacture the required product lines. Inventory control.
A customer walks into an Amplifon hearing store with a prescription or to be tested, and walks out that same day with a specialist-designed hearing aid. The company installed POS demand-sensing software to produce daily automatic replenishment proposals. Take retailer Amplifon, known for its Miracle Ear brand.
For example, a company that produces furniture has to order raw materials and trace the manufactured items sent to the customers (forward tracing) and occasionally the items that are returned (backward tracing). How Can Supply Chain Visibility be Achieved?
Supply chain analytics combines powerful algorithms, data, and the latest technologies like Artificial Intelligence and Machine Learning to address the most elusive challenges in the supply chain right now – visibility and control. And that’s precisely what’s on the horizon for supply chain analytics.
A critical report finding is the prediction that technology investments are expected to widely increase in response to supply chain disruptions. . The report includes this statistic: “Two-thirds of respondents expect their companies to spend more than $1 million on supply chain technologies over the next two years. Why Change Now?
Introduction Supply chains are the lifeblood of any business, serving as the vital link between suppliers, manufacturers, and end consumers. This newsletter will explore how analytics can revolutionize supply chain management, mitigating risks and enhancing operational efficiency.
What is Supply Chain Analytics and Why is it Important? Supply chain analytics allows businesses to examine their operations and view data in real-time. With supply chain management analyticssoftware, companies can improve decision making, take a proactive approach and quickly mitigate issues before they explode into bigger problems.
By utilizing optimization techniques, we have sought to minimize procurement costs absorbing larger order quantities and longer lead-times; we plan for longer manufacturing runs to drive a higher return on assets and full-container load land and marine freight to reduce transportation unit costs. FROM VISIBILITY TO ACTIONABLE INSIGHTS.
Our survey of the global procurement community and the subsequent report, Digital Transformation in Procurement: How Close Are We? revealed heightened awareness of digital technologies and their potential to transform the procurement function, but little progress over the past two years. So, what else has to happen?
The challenges multiply when tools or strategies provide only limited visibility, adding more problems rather than solving them. Best Logistics Management Software Solutions in 2024 1. If your business is in the growth mode, you need to consider other tools on this list. Spreadsheets!! But a word of caution here!
That is why logistics management software (LMS) is so much more today than what it used to be. In this blog, we’ll tell you what the evolution of a LMS has been and what you should look for while choosing the best Logistics Management Software. What is Logistics Management Software And How Does It Work ?
The state of supply chain tech in 2022, or supply chain technology, will be one for the record books. The traditional strategies and even some minimal e-commerce retailers faced uncertainty and a need for more technology. It offers a virtual supply chain team enabled by cloud software,” Gerald wrote.
According to recent studies , in the absence of a solid digital supply chain infrastructure, manufacturers can expect up to 44% supply chain complexity and inefficiencies, which can create growth barriers. What is Digital Supply Chain in Manufacturing? The 5 Drivers of a Digital Supply Chain in Manufacturing.
The role of data analytics in optimizing inventory management processes has become increasingly important. Analytics help organizations make smarter decisions, reduce costs, and improve customer satisfaction. But your analytics is only as good as the underlying data. In this area, technology becomes key to data-driven solutions.
Supply Chain Matters features its latest full edition of This Week in Supply Chain Management Tech , a compilation of funding, partnership and other noteworthy financial announcements related to supply chain technology providers. The technology autonomously restricts or resume motion, ensuring worker safety without sacrificing efficiency.
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