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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. By setting customized service levels for each SKU-location combination, their supply chain planning software reduced inventory costs by 25% while improving service levels to over 99%.
Traditional supply chain planning tools rely on deterministic forecasting, generating single-point estimates that often misrepresent real-world complexities. By setting customized service levels for each SKU-location combination, their supply chain planning software reduced inventory costs by 25% while improving service levels to over 99%.
Analytics and business intelligence (BI) are no longer optionaltheyre essential. Thats why modern BI systems are quickly becoming the go-to solution for data-driven enterprises. They integrate, align, and activate data across the business to drive better, faster decisions unlike legacy reporting tools that can’t.
Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Manufacturing process complexity, including sourcing of complex parts and part relationships. Outside-in insights to integrate market and category intelligence.
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. Analytics allows organizations to move beyond intuition.
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.
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.
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.
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.
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?
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. It is not a single platform from a traditional sense; its rather an ecosystem.
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.
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.
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].
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. Types of ProcurementAnalytics.
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 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.
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.
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
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].
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.
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.
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. Note the gaps in existing technologies.
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.
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.
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.
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.
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.
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?
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.
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.
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!
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.
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?
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.
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.
By integrating technologies such as AI and machine learning right from the start, DPO not only solves complex operational challenges but also drives significant growth. Advances in technology drive the automation and continuous improvement of business workflows.
It was exciting to be at the intersection of smart people in the industry, clients that inspire, and technology innovation. I saw many proof of concept examples and promising case studies on how leading manufacturing companies and large 3PLs are using digitally extracted data to improve supply chain performance.
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?
In this special edition of Supply Chain Matters This Week in Supply Chain Technology , we highlight announcements made by B2B Industry Specific Network provider TraceLink. This provider’s Opus platform is a next iteration of the company’s item level track and trace and product serialization functionality. Major Enhancements.
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