March, 2020

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

Just like you, we’re taking the news day by day and continuously brainstorming ways to serve our community. The COVID-19 pandemic is having a profound impact on our lives, the kind we have not seen in centuries.

Trends in Last-Mile for 2020

Cerasis

Take a moment to think about the state of last-mile logistics in the last year. An argument does exist for the continued support of last-mile innovation and a relentless push to build better customer experiences within the final mile.

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3 Ways to Streamline Your Business Strategy this Spring

OneSCM

With spring in the air, it’s the perfect time to reevaluate the state of your business and review outdated supply chain operations technologies.

A Mental Break From Coronavirus

Talking Logistics

On Monday mornings, I usually write a post about some emerging trend or topic in the world of supply chain and logistics.

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New Planning Maturity Assessment

In today's new supply chain paradigm, resilience and agility are key. Is your planning process fit enough to keep up with the pace of change? Is your tech stack helping or hindering your progress? Take AIMMS's new quiz to uncover learnings and benchmark yourself against peers!

Covid-19 (Coronavirus): Where do we go from here?

Logility

Everyone is working hard to figure out how to stay safe, what is going on, how to minimize the impact to our personal lives and the companies we work for, and to plan for the future.

More Trending

New Supply Chain Planning Maturity Assessment 

AIMMS

The world of supply chain has changed. Just a few decades ago, processes were still fairly linear and easier to control.

What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Cerasis

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same.

Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

With supply chain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions.

Editor’s Pick: Data is the New Fuel for Transportation and Logistics

Talking Logistics

Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics.

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Coronavirus and Your Supply Chain

Speaker: Rob Handfield, PhD, Bank of America University Distinguished Professor of Supply Chain Management at NC State University

Join this informative webinar with Rob Handfield, Bank of America University Distinguished Professor of Supply Chain Management at NC State University, who will go over how the Coronavirus has impacted supply chains, as well as discussing approaches for preparing your supply chain for future outbreaks of major global disruptions. The world is becoming a riskier place, and it is important to plan for disasters ahead of time.

Supply Chain Predictive Analytics: What Is It and Who's Doing It?

River Logic

Using this information, supply chain leaders can address supply chain challenges, reduce costs and at the same time improve service levels.

Good Times Can Be Dangerous to Supply Chain Operations

Logility

A consequence of long periods of economic growth, like the one we just had from June 2009 until March 2020, is that many members of the supply chain team have only experienced managing a supply chain during growth.

Planning Food Logistics Efficiently in Times of Disruption

DELMIA Quintiq

Supermarkets are heavily impacted by unexpected peaks in demand and product unavailability from areas that have been affected by the COVID-19 pandemic. This global health crisis has uncovered vulnerabilities in our food supply chains, affecting the capacity of food retailers to ensure its continuity.

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Supply Chain Disruptions: How Stronger Collaboration Will Have a Big Impact on the Future of Warehouse Management

Cerasis

From Walmart to Amazon, the positive role of collaboration in warehouse management is undisputed, and collaboration is on track to revolutionize tomorrow’s warehouse management standards.

5 Perceptions on Demand Forecasting and How it's Changing

Speaker: Brian Dooley, Director SC Navigator, AIMMS

It’s no secret that demand is getting more difficult to predict. Is your demand forecasting process evolving with the times? How does your process stack up against others? Are you satisfied with your level of forecast accuracy? This webinar shares research findings from a recent survey among supply chain planning professionals to help you answer these questions.

Is Your Supply Chain ‘Ready for Anything’?

ToolsGroup

Over the years we’ve built strong relationships with hundreds of global companies, and we hear the same challenges again and again: they can’t accurately plan for intermittent demand, they’ve got too much capital tied up in inventory, and their planners are overwhelmed by data management and complicated math. In an ever-changing global economy with all its unexpected twists and turns, supply chain leaders are looking for a way to be ready for anything the real world throws at them. That’s why we announced a new brand identity here at ToolsGroup last week: ‘Be ready for anything.’ To us, this encapsulates more than an ideal — it’s an imperative for ourselves and our customers. When we can rapidly and efficiently respond to whatever surprises tomorrow brings, we ensure a higher degree of supply chain stability in today’s interconnected, global world. (And add more dollars to your bottom line.). How? . It boils down to three essential supply chain capabilities: Predict, Protect and Perform. Predict. The ability to predict more behaviors is critical to accurate forecasting. The nuances of demand across items, locations and time frames makes traditional demand forecasting little better than a guessing game. Layer on uncontrollable factors like weather and third-party promotions, and the picture becomes even less clear. . The key to bringing your planning back into focus lies in evolving beyond single-number forecasts. By offering a range of predicted outcomes with varying levels of probability, we give you the flexibility to follow the model, or make calculated trade-offs based on your business priorities. . Protect. The real world doesn’t follow the rules — which is why no prediction will be 100% accurate all the time. The companion to optimized prediction capabilities is the foresight to protect against inevitable surprises. By defining your specific service goals and balancing them against business objectives like minimizing working capital and maximizing profit margins, you can determine optimal levels of safety stock to keep on hand in the event of unanticipated changes. . ToolsGroup’s self-learning platform is continually refining its accuracy, and helps eliminate bias introduced by human decision-making. The algorithm becomes more accurate over time, and safeguards institutional knowledge through its accumulation of data. The use of an automated tool also allows you to react faster to unexpected events and recalibrate your model to reflect changing realities, such as: Sporadic demand and escalating SKUs. New product introductions. Shifting product trends and internet-ignited crazes. Acquisitions and divestiture. Tariffs and trade wars. New partners and channels . Tighter service level requirements. The next S&OP meeting. Perform . Optimizing your predictions and determining the right amount of safety stock to protect against the unexpected gives your operations a solid foundation. By optimizing replenishment cycles and honing the logistics of moving inventory across your network, you can reduce excess inventory and minimize losses stemming from product obsolescence. Be Ready for Anything. What does this look like in practice? . Like beating the world at its own game. Outdoor products manufacturer Thule faced growing distribution complexity and challenges due to the seasonal nature of its products, creating intermittent demand and a slow-moving spare parts inventory. . Working with ToolsGroup and its partner, Optilon, Thule implemented automated forecasting that created a higher-quality demand planning process, and was able to increase service levels from below 80% to 92% over two years in spite of booming sales and SKU growth. In the process, they lowered inventories, and have set a goal of 15% inventory reduction. . Aston Martin, renowned for its luxury sports cars for over a century, faced a challenge when increasing international demand prompted its board to raise first time availability targets for its parts across all car categories from 95% to 97%, without increasing inventory. Already a ToolsGroup customer, Aston Martin approached ToolsGroup with this new goal and within two months had raised service levels to 97.1% and reduced inventory by 18%. The global kitchen and bathroom equipment company, Franke, had grown from a one-person workshop a century ago to an international company with operations in 40 countries. This growth came with a lot of supply chain complexity, with 12 production facilities, four echelons, and over 125,000 SKUs managed through 17 different ERP systems. . Franke was able to integrate ToolsGroup’s planning automation software with its SAP system to unify the planning process and offer better service. Forecast and demand planning time has been reduced by 50%, with greater accuracy and an eight point reduction in MAPE. . Start Today. It’s no secret — with the ability to Predict, Protect and Perform, you can future-proof your business and respond swiftly and efficiently to supply chain disruptions. And that means you’re ready for anything the real world throws your way. Blog Featured supply chain planning

Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals

Talking Logistics

Back in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic.

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

By mid-March, it had become difficult to keep track of what seemed like the high-speed unravelling of the world’s economy and its means of social connection.

The Top Five Benefits of Using Machine Learning for Demand Forecasting

Logility

Machine Learning for demand forecasting has matured to a level of accuracy, transparency and replicability that translates into transformative results, including in these five areas: Accuracy, transparency, thoroughness of analytical options and results.

How is Demand Forecasting changing? How do you compare to your peers?

AIMMS conducted research to assess how supply chain teams perceive the accuracy of their forecast and discover the tools and techniques they are using to upgrade the forecasting process. In this report, you will find helpful benchmarks and insights offered by your peers on the latest demand forecasting techniques, forecast granularity and periodicity, and expectations for the future.

Modern Supply Chain Analytics: Are You Keeping Up?

River Logic

According to Supply Chain Digital Magazine, many manufacturers are falling behind with more than two-thirds of them being unable to provide data-driven analytical information to support their business decisions.

Effective Freight Management 2020: What Do Shipper’s Need to Compete?

Cerasis

Effective freight management 2020 initiatives will help supply chains stay relevant and competitive with Amazon and the big box retailers. As the world watches the coronavirus’ epidemic spread, the time for rethinking existing freight management 2020 strategies has arrived.

The Coronavirus and the Supply Chain

The Network Effect

The post The Coronavirus and the Supply Chain appeared first on The Network Effect. Supply Chain Management Coronavirus Covid-19

Coronavirus Creates Opportunity for Healthy Supply Chain Correction

Talking Logistics

Every day, the COVID-19 situation continues to evolve. Thousands of lives worldwide have been disrupted, and there’s no way to measure the human toll. Alongside that is the incredibly difficult task of measuring supply chain effects throughout the rest of the year.

Point-of-Danger ICE Raids and Audits

Speaker: Max Muller, Attorney and Author

Supply chain managers should constantly be on guard against forces that could cause a significant point-of-failure in or to their supply chains. The sudden loss of a workforce is an evolving danger to those who provide raw materials, subassemblies, finished goods, and/or necessary services to supply chains; and to entities requiring those items or services. Join Max Muller for this timely, fast-paced and guidance rich webinar that will educate you on the specific steps involved in undertaking your own internal audit, as well as providing you with guidance on what your major and/or sole source suppliers should do as well.

Ivalua Study: Tech Challenges Hinder Procurement

ivalua

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. Lack of system integrations and actionable insights are stopping organisations from accurately measuring performance .

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Critical Supply Chain Planning Capabilities Needed to Survive the COVID-19 Pandemic and Future Supply Chain Disruptions

Logility

Like millions of people around the globe, I watch with growing concern as the number of people infected with COVID-19 continues to grow at a logarithmic rate and approaches 1,000,000.

8 Tips for Supply Chain Leaders on Working Remotely

River Logic

Following patterns seen in Europe and the East, it seems to be only a matter of time before major centers in the U.S. will need to consider similar restrictions

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Inbound Freight Trends for 2020: A Commitment to Improving Vendor Relations

Cerasis

The leading inbound freight trends for 2020 reveal a stronger push to improve inbound logistics efficiency and lower barriers to inventory management stress. Shippers that take time to understand these trends can position their organizations for success.

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Top 5 Barriers to Supply Chain Network Design Adoption and How to Overcome Them

Speaker: Brian Dooley, Director SC Navigator, AIMMS, and Paul van Nierop, Supply Chain Planning Specialist, AIMMS

Want to build your internal capability, reduce costs and make better decisions? It's easier than you think. This on-demand webinar shares research findings from Supply Chain Insights, including the top 5 obstacles that bog you down when trying to improve your network design efforts.