This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Artificial intelligence (AI) and rapidly developing generative AI tools provide complex, real-time, and in-depth insights specific to supplychain management. Further, AI-driven demandsensing allows businesses to combine scattered data which is essential for better forecast accuracy.
Machine learning (ML)a specialized field within artificial intelligence (AI)is revolutionizing demandplanning and supplychain management. According to McKinsey , organizations implementing AI-driven demand forecasting solutions can reduce forecast errors by 30% to 50%.
At ToolsGroup, we’ve long championed probabilistic demand forecasting (also known as stochastic forecasting) as the cornerstone of effective supplychain management software. In conventional supplychainplanning , planners using basic tools (typically spreadsheets or legacy systems) forecast just one number for each item.
The modern supplychain is a complex network of suppliers, manufacturers, distributors, and customers, all interconnected and reliant on a shared ecosystem of trust and accountability. As industries evolve and global markets expand, ethical considerations have become central to supplychain compliance.
Strengthen your operations with the SupplyChain Resilience Checklist. This practical, easy-to-use tool helps your organization prepare for disruptions and ensure long-term continuity in an unpredictable world.
Safety Stock: Navigating SupplyChain Volatility Through Strategic Inventory PlanningDemand volatility represents a critical challenge for supplychain executives today, with safety stock emerging as a key strategic tool to mitigate market uncertainties.
Jack Fiedler, the vice president for digital transformation of the global supplychain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supplychains. We run one of the few truly hybrid supplychain networks. That has worked out well for us.
Schneider Electric has been working to simplify its supplychain over the last few years. This French public multinational was selected as having the best global supplychain by a leading analyst firm. Schneider Electric’ssupplychain operation is of great interest to other practitioners.
In today’s interconnected global economy, sustainability within supplychains and logistics has become a necessity rather than an option. Regulatory demands, rising consumer expectations, and global challenges such as climate change and social inequality have made sustainable practices a strategic priority.
Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker
The world of supplychain and logistics has been plagued with volatility, disruptions, and increased regulations. In this webinar, we will talk about the current status of the supplychain and what the successful and unsuccessful paths forward will look like.
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.
SupplyChain & Logistics News December 2nd – December 5th Experts claim that Cyber Monday the Monday following Thanksgiving is one of the busiest days for deliveries followed by the Mondays leading up to Christmas. As the demand sees no end and trade wars wage on, the future of the supplychain will not come without hiccups.
When one thinks of supplychain software vendors, the name InterSystems may not spring to mind. A supplychain data fabric can help companies augment their supplychain processes. They aim to achieve the same success in supplychain management that they have achieved in the healthcare sector.
Supplychain teams face a similar dilemma – companies are overloaded with vast amounts of data, and the ability to sift through the noise and focus on relevant insights has become a critical capability. Decision-makers must operate with agility and speed, often orchestrating complex scenarios across vast supplychain networks.
The new year has arrived and so has the new wave of noteworthy news coming out of the supplychain space. A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supplychain. As the year marches on, you can count on weekly updates here!
SupplyChain & Logistics News Round-Up (October 7th – 11th) This past week, I’ve been playing tourist in London, one of my favorite cities in Europe. In the context of supplychains, I found the exhibit fascinating and saw that the obsession with foreign objects has persisted throughout history.
NIS 2 Has Deep Impacts on the SupplyChain, Not Just Plant Operations The manufacturing industry is undergoing a significant transformation as it grapples with the implications of the Network and Information Systems Directive 2 (NIS 2). This includes risk analysis, security of supplychains, and incident response capabilities.
The logistics and supplychain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Businesses face heightened uncertainty in managing costs and securing stable energy supplies.
Network design as a discipline is complex and too many businesses are still relying on spreadsheets to design and optimize their supplychain. As a result, most organizations struggle to answer network design questions or test hypotheses in weeks, when results are demanded in hours.
Improving demand forecast accuracy is crucial for supplychain success. Traditional demand forecasting methods often fall short, resulting in inefficiencies, excess inventory, and lost revenue. Unlike static demand prediction models, AI-driven forecasting adapts over time, leading to improved demand forecast accuracy.
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.
My head is wobbling with announcements, late-night Friday press releases, company name changes, and executive turnover in the supplychainplanning market. Let’s hope that these new executives see the light of a new day. OMP, like o9 and Kinaxis, benefited from the SAP’s APO migration failure.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Advanced supplychainplanning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supplyplanning, and inventory optimization.
How will that economic uncertainty impact your supplychain? Discover 5 major supplychain risks and how to manage them. Many are predicting a recession due to inflation rates, market performance, and global events like Russia's war in Ukraine.
India’s growth story can continue if it streamlines and effectively manages its supplychain like the iconic dairy brand Amul that recently entered the US market. Amul’s model supports small producers by integrating large-scale economics, cutting out intermediaries, and connecting producers directly with consumers.
CONA Services Provides a Common Platform for SupplyChain Collaboration CONA Services LLC is an IT services company owned and governed by the 11 largest Coca-Cola bottlers in North America. Its main applications include SAP for backend transactions, Blue Yonder for supplychain management , and Salesforce for sales.
When you talk to companies that have implemented enterprise or supplychain applications, executives will usually admit that they have under-invested in training and preparing users to use the new technology. Molex implemented a multi-enterprise supplychain network platform from SAP called SAP Business Network.
From geopolitical instability to labor shortages and sustainability demands, supplychain leaders must continuously evolve their strategies to stay competitive. Agile supplychains can handle the challenges we face now and in the future. These spaces allow them to move quickly and make confident decisions.
Demand forecasting has evolved dramatically in recent years. Businesses have shifted from supply-focused approaches to demand-driven models, yet many still struggle to balance accuracy with agility. What is Demand Forecasting in SupplyChain Management? What is Demand Forecasting in SupplyChain Management?
Demand forecasting has evolved dramatically in recent years. Businesses have shifted from supply-focused approaches to demand-driven models, yet many still struggle to balance accuracy with agility. What is Demand Forecasting in SupplyChain Management? What is Demand Forecasting in SupplyChain Management?
According to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supplychain executives are losing the strategic gains they made with their C-suite counterparts. 28% of supplychain leaders cite cost reduction as one of the top three priorities currently.
In the fast-paced world of modern supplychains, traditional forecasting methods fall short. Probabilistic forecasting is revolutionizing demand forecasting, supplyplanning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks.
How much can you save by optimizing your supplychain network? What's the ROI of supplychain network design software? Take our calculator for a spin to see how much you can save per year by optimizing your supplychain network. Our benefits calculator helps you find out. We often get asked this question.
Imagine a world where supplychains run with complete transparency, efficiency, and automationwhere every transaction, shipment, and payment are executed seamlessly without intermediaries slowing things down. For decades, supplychain management has encountered bureaucratic bottlenecks, inefficiencies, and trust issues.
The industrial sectorparticularly supplychain management, is facing unprecedented complexity. While Generative AI (GenAI) has shown promise, its limitations in planning, workflow automation, and dynamic adaptation necessitate a more sophisticated approach. Colin Masson, ARC Advisory Groups expert on Industrial AI.
Supplychain sustainability is increasingly important for companies facing expectations from investors, regulators, customers, and employees. Integrating ESG across supplychains presents clear operational and strategic challenges that require focused attention. Data collection and verification remain areas of concern.
Supplychain disruptions have become a persistent operational risk. Geopolitical instability, extreme weather, labor shortages, and fluctuating consumer demand regularly impact global logistics. Amazon is a leader in AI-driven supplychain management.
A new study by The Economist shows that 54% of enterprises want to rethink their supplychains. How would supplychains evolve from here? And what should supplychain leaders be doing differently? Make them more agile and resilient. Download the report today!
October 21st – 24th SupplyChain & Logistics News Round Up This past week, I returned to the Tampa Bay Area to visit family and see the lasting effects of back-to-back hurricanes. From a sustainability and supplychain perspective, this situation is incredibly challenging to comprehend. Nauto and Beans.ai
In most industries, supplychains have become increasingly complex. As a result, many organizations are moving toward supplychain orchestration as a structured method for improving coordination. Collaborative Workflows Supplychains involve many teams and companies working toward the same outcome.
Historically, there has been a disconnect between SupplyChainPlanning and SupplyChain Execution processes and applications. As a result, companies tend to plan, optimize, and execute their inventory, labor, transportation, and warehousing operations separately (that is, in a siloed manner).
Expanded health insurance coverage led to increases in the demand for care. This lowered hospitals’ margins and created an impetus for hospital chains to begin to tackle costs, but to do so in a manner that did not compromise patient outcomes. As a result, hospital chains largely lacked competence in sourcing.
And for procurement and supplychain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supplychain for the year ahead?
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content