How Does Machine Learning Improve Supply Chain Performance?

Logility

When asking the question, “How does machine learning improve supply chain performance?” Our context here is supply chain planning and execution, but there is no reason to limit the scope of m achine l earning. .

Don’t let incorrect design assumptions affect supply chain performance

Kinaxis

by Alexa Cheater Wouldn’t it be nice if your supply chain actually performed the way you designed it to? Supply chain perfection just got one step closer with the Self-Healing Supply Chain and its ability to improve supply chain design assumptions. Supply chains are complex and full of inter-dependencies. Machine learning is the new frontier of supply chain analysis, planning and design.

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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

How Artificial Intelligence is Boosting Supply Chain Performance

Logistics Bureau

A slew of new digital technologies is disrupting supply chain operations, but none is having more of an impact on the industry than artificial intelligence (AI). Other Uses for AI in the Supply Chain.

The Hitchhiker’s Guide to Supply Chain Visibility

Today’s environment spotlights the significance and importance of real-time supply chain visibility. What are the barriers? What’s the solution? Gain insight to respond quickly to marketplace events and take actions that ensure supply chain performance.

Supply Chain Performance: Budget Airlines and KPIs……

Enchange Supply Chain Consultancy

FMCG Dave Jordan Humour Performance Improvement Pharma KPI Supply Chain Supply Chain AnalyticsI have never been a fan of budget airlines and certainly not since one left me sleeping overnight in the back of beyond that is Luton Airport. That may be an exciting addition to a student’s back-pack holiday itinerary but when you have a glass back it is not so appealing.

5 Things to Know About Setting Up a Better Supply Chain Performance Measurement System

Arkieva

Setting up a supply chain performance measurement system? Here are 5 things to know 5 Things to Know About Setting Up a Better Supply Chain Performance Measurement System was first posted on August 14, 2017 at 2:45 pm. ©2017 ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

Shareholder Value is Inextricably Linked to Supply Chain Performance

Material Handling and Logistics

"Supply chain integration is an increasingly essential component of shareholder value, and to achieve that, supply chain leaders need to speak the language of the Board of Directors and the executive suite,” said Paul Dittmann of the University of Tennessee

Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.). Manual process reliance, also makes it very difficult to track supplier performance.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.). Manual process reliance also makes it very difficult to track supplier performance.

Use Simulation Planning to Predict Future Supply Chain Performance

Logistics Viewpoints

What if you could accurately predict how your supply chain will perform in the future? The post Use Simulation Planning to Predict Future Supply Chain Performance appeared first on Logistics Viewpoints: A Blog for Logistics, Supply Chain, and 3PL Executives. Guest Commentary Supply Chain Network Design Supply Chain Optimization Supply Chain Planning

Question and Answer ? Accelerate Supply Chain Performance Using Advanced Analytics

Logility

On the recent webcast, Accelerate Supply Chain Performance Using Advanced Analytics , I had the pleasure to speak with a leading authority in analytics, Bill Panak, Vice President, Data Science, Halo Business Intelligence. We explored how to harness and analyze new data sources to boost business planning and transform this information into actionable insights that can accelerate your supply chain and retail planning initiatives.

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. Seven Predictions for Supply Chain 2030.

Improve Supply Chain Performance via Total Productive Maintenance

Enchange Supply Chain Consultancy

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Using Machine Learning Tools to Improve Supply Chain Performance

Halo

Our context here is supply chain planning and execution, but there is no reason to limit the scope of Machine Learning. When it comes to designing and creating technology solutions for supply chain analytics and business intelligence, this is not a throw-away idea buried in a long-forgotten PowerPoint presentation. The post Using Machine Learning Tools to Improve Supply Chain Performance appeared first on Halo.

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What role should logistics providers play in supply chain performance and benchmarking?

The Network Effect

Visibility of the potential value locked in the current environment is a key driver in a supply network transformation and is being provided by today through cloud-based network platforms. The idea is to provide departmental workbenches which show not only the departmental performance as we see with most systems, but also display the effect of dependencies and actions taken in other departments or across customers or trading partners.

Avon Calls on E2open for Better Supply Chain Performance

E2open

Learn why Avon chose to work with E2open to develop a supply chain solution specifically for its unique business model. Learn more > The post Avon Calls on E2open for Better Supply Chain Performance appeared first on E2open | Demand. Supply. Case Study Supply ManagementAvon has a widely distributed supplier and sales base, short product lifecycles, and a constant flow of changing promotions that influence demand.

Supply Chains Made Simple: 4 Tips to Improve Your Business’ Supply Chain Performance

Unleashed

When it comes to improving a business’ inventory performance, interrogating the supply chain can be an intimidating prospect. Supply chains are complicated and difficult, and the prospect of change typically provokes a reflexive ‘if it isn’t broken, don’t fix it’ response. Looking ahead into the future and allocating adequate resources to improve the supply chain can pay off remarkably quickly.

How to Measure Supply Chain Performance

Material Handling & Logistics

All companies need to employ a performance measurement system to organize and manage their supply chain metrics. The absence of a cohesive framework to house metrics greatly increases the likelihood that a company’s performance measurement system (PMS) will provide inadequate management support, and that resources will be wasted developing duplicative, unaligned and even conflicting metrics. between 10 and 25) that monitor overall corporate performance.

Global Trade Networks: Reaching the Next Level of Supply Chain Performance

Talking Logistics

There’s a growing discussion today about how companies need to look at the various processes that have historically been called supply chain management through a different lens — namely, a global trade network lens. What’s the difference between the traditional supply chain model and a global trade network model? Then take Doug’s recommendation: do an honest assessment of your current supply chain systems and processes.

Supply Chains By the Numbers

Supply Chain Shaman

When 2015 rolls in, for me, it will mark a decade of quantitative research focused on understanding the evolution of supply chain management. Insights on Supply Chain Organizations. In the early years, there were no supply chain organizations. I like many other gray-haired supply chain professionals reported through a functional organization like manufacturing or transportation. It is my 300th blog post on the Supply Chain Shaman.

Supply Chain Efficiency or Resiliency

Adexa

Your supply chain is not any different. According to McKinsey, we are experiencing supply chain disruptions of a month or more every 3.7 Supply chain resiliency is. Supply chain planning and operation is essentially a probabilistic process.

From Reactive to Proactive: Supply Chain Performance Management

Logility

I always hear people say (and I’m guilty of saying it myself), “it isn’t the technology that provides benefits in a supply chain project; it’s changing the business process.” The symmetry of technology and purpose is why we love working in Supply Chain. At the time this wasn’t a company on the bleeding edge of supply chain best practices. Connect. Share. Learn.

3 Technology Trends That Will Improve Your Supply Chain Performance [Video]

Supply Chain Nation

In today’s competitive markets, it takes more than the ability to quickly respond to urgent supply chain disruptions after they start. Instead, your supply chain must predict disruptions and proactively resolve them before they negatively impact your business. By combining ubiquitous data and machine learning (ML) with an open supply chain platform, you can take advantage of new supply chain capabilities to incrementally improve your competitiveness.

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Quality Management in Supply Chains: Performance and Conformance

The UCLA Anderson Global Supply Chain Blog

Quality Management in Supply Chains: Performance and Conformance. With the increase in outsourcing practice since the 1990s, supply chains have become very complex, involving many intermediaries. This figure, produced by Sourcemap.com , illustrates the complexity of today’s laptop supply chains: Clearly, with so many layers, it is difficult for companies to have full visibility on their operations. Distorted Performance Standards.

Ingredients of Supply Chain Digitalization

Adexa

Now a days almost every company is thinking of supply chain digitalization. Digitalization requires a digital twin of your supply chain, i.e. a digital representation of the physical world. Accurate model of supply chain is a must.

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Now in its seventh year, in the analysis, I learned a lot about the impact of supply chain choices on balance sheet performance: -Not Straightforward.

From Reactive to Proactive: Supply Chain Performance Management

Logility

I always hear people say (and I’m guilty of saying it myself), “it isn’t the technology that provides benefits in a supply chain project; it’s changing the business process.” The symmetry of technology and purpose is why we love working in Supply Chain. At the time this wasn’t a company on the bleeding edge of supply chain best practices. Connect. Share. Learn.

Changing Your Perspective to Measure Supply Chain Performance

Logistics Bureau

Why measure the performance of a supply chain? Because a supply chain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems. However, traditional enterprise measures of performance do not work for supply chains. To paraphrase a saying, the road to supply chain hell is paved with good intentions and bad metrics.

Hospitals Too Have the Same Supply Chain Planning Challenges

Adexa

There were limited amount of supplies and surge in demand for N95 masks, ventilators, hospital beds etc. As a result of this approach, supply cannot be planned accurately and user intervention is needed to make adjustments.

Paradigm Shift as Supply Chain Planning Systems Become Intelligent!

Adexa

We are at a point to deploy planning systems that are accurate and intelligent enough to more or less run the supply chain autonomously. Using a digital and accurate model, optimization of operations can be done in a very short amount of time by advanced supply chain planning systems.

Mitigating Supply Chain Risk Beyond Covid-19

Adexa

Covid-19 has been yet another wakeup call to companies to mitigate their supply chain risk. in the last several years, global disruptions have caused at least one company in twenty to suffer a supply-chain disruption costing at least $100 million. Besides, there are more frequent events such as surge in demand, capacity issues with contract manufacturers and supply lines or geopolitical events such as tariffs.

Improving Traceability for Better Supply Chain Performance

Supply Chain @ MIT

Many companies are striving to improve supply chain traceability in response to increasing demand from customers and government regulators for more information on product flows. The ability to accurately track the movement of products also helps companies to raise the efficiency of supply chains. Researchers at the Malaysia Institute for Supply Chain Innovation (MISI), Shah […].

Old and New in Supply Chain Planning

Adexa

In recent years there has been a major shift in paradigm in supply chain planning solutions through the use of AI and Machine learning as well as availability of data and fats processors. Key Performance Indicators. The post Old and New in Supply Chain Planning appeared first on Adexa. Planning and Execution Supply Chain Performance Management Supply Chain Planning

Resiliency of Your Supply Chain – And How to Improve it.

Adexa

Covid-19 has been a good lesson for most companies to bring to surface the vulnerability of their supply chains. In addition, companies face supply chain issues due to demand fluctuations, supply disruptions and transportation issues almost on a day to day basis.

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