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When one thinks of supplychainsoftware vendors, the name InterSystems may not spring to mind. The company aims to change this with the expansion of its data fabric portfolio. Business cycles are compressing and the need to make course corrections is exploding. ARC was recently briefed by InterSystems.
Many global multinationals accelerated their investments in digitizing data during the pandemic. According to Colin Masson, a director of research at ARC Advisory Group, the opportunity to mine these vast quantities of data to achieve business value is “NOW.” Mr. Masson leads ARC’s research on industrial AI and data fabrics.
Peter Tirschwell and Joe Lynch discuss the post-pandemic supplychain. Peter is Vice President in the Maritime, Trade & SupplyChain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial.
Thinking back on the many presentations, panel discussions and conversations over the course of the conference, a few unifying themes come to mind. As the logistics technology sector continues to mature, the number of tools, solutions and platforms that supplychain stakeholders are using (juggling?)
Chris Caplice and Joe Lynch discuss MIT Center for Transportation and Logistics and a wide range of logistics and supplychain topics. from MIT in 1996 in Transportation and Logistics Systems, a MSCE from the University of Texas at Austin, and a BSCE from the Virginia Military Institute. He received a Ph.D.
Peter is Vice President, Journal of Commerce, the Maritime, Trade & SupplyChain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supplychain predicated on lowest-cost principles. Increasing supplychaindata visibility is a priority for logistics organizations looking to improve resilience. The COVID-19 crisis has hit the global supplychain from all sides.
Like any SupplyChain, Retail SupplyChains have their own unique challenges. They’re different from the SupplyChains you might see in industrial companies or wholesaling companies. The retail supplychain is dealing with the consumer directly and the customer really is King.
Being listed on a last-mile-delivery service platform and reaching a much broader customer base beyond the neighbors became a must-have for survival. For businesses of all sizes, the digital transformation of supplychainplanning became the most important initiative. . This includes internal and external data sources.
The theme this year was “Chart Your Course” which Richard Stewart, EVP Americas at Körber SupplyChain pointed out, is all about overcoming supplychain complexities and challenges. First, supplychains do not operate in isolation. Data Visibility. SupplyChain Risk and Resilience.
Supplychain is an industry slow to change. Large shippers still use Excel spreadsheets to plan their operations, and even the most beneficial logistics technology is sometimes looked at warily. Supplychaintechnology that is “beyond TMS” adds an array of necessary components.
It is a brilliant tool.” The enterprise software company also announced a new analytics solution covering external workforce management. At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. My advice,” he concluded, “is just jump in.
Digital Twin from Infor Nexus Drives SupplyChain Agility. When it comes to driving supplychain agility there are several solutions that are important, but the key solution is a Multi-enterprise SupplyChain Network (MSCN). COVID of course taught companies the need for agility. Stuff happens.
Many large enterprises use one form or another of a supplychain application to help manage their supplychains. Supplychain vendors have been touting their investments in artificial intelligence (AI) for the last several years. Artificial intelligence is beginning to be used to update the data.
The solutions to supplychain problems boil down to the right combination of three factors—technology, data and processes. In the supplychain, problems are often overcomplicated. However, manufacturers, 3PLs and others in the supplychain often get lost in the details. That’s not true.
Every ecommerce store relies on an assortment of vital components to survive and thrive, but ecommerce software is the heart of all these elements. Regardless of the size of your ecommerce brand, it doesn’t hurt to periodically reevaluate if the softwaretools you’re using are giving you everything you need.
They talk about the growing popularity of podcasts in the logistics industry and how podcasting can be a helpful tool for professionals to stay up-to-date on industry trends and insights. Blythe is the Founder of Digital Dispatch and the Host of Cyberly, an influential podcast on the Freightwaves platform.
Getting started with AI in supplychain might not start where you think. Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supplychain and your data.
The best supplychain teams invest in technology as part of their continuous holistic operational improvements, not simply in reaction to temporary crises. Retailers, manufacturers and suppliers were caught off guard by supplychain congestion, unreliable suppliers and unpredictable demand during the COVID-19 pandemic.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supplychain performance requirements. What should supplychain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious SupplyChain Award. We need people that are adaptable.
In this conversation, Asena and I talked about autonomous planning in supplychain. Second, what is autonomous planning in supplychain, and what are some practical examples? Third, is autonomous planning feasible for all companies of all sizes? So how do companies achieve autonomous planning?
In the ever-evolving supplychain industry, transportation spend optimization – or TSO – has assumed greater significance. Globalization has expanded supplychains; the result is increased complexity and transportation costs. As challenges increase, technology continues to evolve to meet demand.
I spend all of my time in supplychain and logistics software, focusing on the lower-middle market. [01:54] There is a slow, creeping evolution of technology as CRM systems get better and better. In 2025, there will be more consolidation and technology will play a larger role. [04:43]
Michael Jacobs, Senior Vice President SupplyChain, Ferguson. Mr. Jacobs is the senior vice president for supplychain at Ferguson. While nominally a distributor, “supplychain management is our core competency. In particular, Ferguson’s supplychain is built for speed and to provide high service levels.
The amount of information and improvement possible through big data can be overwhelming. Unfortunately, this may lead some supplychain managers or executives to simply avoid the topic until a more cohesive understanding of its possibilities can be made. How to Get Started with Your Big Data Strategy. .
Global supplychain risk management continues to evolve and embodies a consideration of possibilities and outcomes by supplychain executives totaling in the millions. Digitization—when applied to connect assets and share data—adds value, but digitization for the sake of digitization does little to streamline operations.
How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots. But can technology do more?
Change can be a good thing, particularly when it comes to getting a better handle on your supplychain spend. Managing supply risk is not a new concept; however, with growing dependence on suppliers paired with more complex global supplychains, it comes with greater challenges. Digitization is Your Friend.
For example, our advanced 3PL platform looks after every aspect of your supplychain in an efficient, effective way and our Virtual Carrier Network safeguards your shipping by always applying the best rates and speeds while not handcuffing you to any carrier. Of course we’re talking about your ecommerce store’s data security.
In a prior post , I wrote about the various ways data is transforming global supplychains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented).
He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supplychains. Supplychain optimization has also improved in significant ways that can address these trade-offs better than before.
In February, Klaus Niebur, the director of global supplychain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. in turn, is a boutique procurement consultancy.
Chakri Gottemukkala, CEO at SupplyChainPlanning Vendor o9 Solutions There are several young supplychainsoftware companies that are unicorns. o9 Solutions has grown from a small company to a significant player in the supplychainplanning (SCP) market in a short period of time.
My recent conversations with the supplychain practitioners are dominated by supplychain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Let us dive deeper into how supplychains are getting disrupted. Europe relies on Russia for around 35% of its natural gas.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Transitioning from legacy systems presents hurdles that add to the true cost. Calculate software costs – Consider the price of the software solution.
Quality and Detail of Data and its Analysis In some of our earlier posts, weve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It would be folly not to take advantage of data availability and accessibility.
I’ve said it before (right here in Logistics Viewpoints), but it’s worth repeating: the digital transformation of our complex global supplychains is an ongoing journey. That’s when you can course correct in any number of ways that make your business more efficient and your customers happier. Lesson learned.
Supplychain leaders have faced significant challenges in the past, and in 2020, the coronavirus pandemic spotlighted the need for supplychain resilience and integration. Failure to consider how the disruption affects all parts of the supplychain will lead to delays and added costs.
Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supplychain during COVID. The company bought a risk solution that provides real-time alerts to potential supply disruptions. We knew exactly what we couldn’t get.”
Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19. Data-Driven Strategies Become Core Value Proposition. This core principle of creating value through logistics data has ricocheted throughout FedEx’s IT restructuring and its future plans.
Can the logistics industry handle more supplychain disruption? Plans = ruined. Severe weather events are becoming more intense and commonplace, causing supplychains to struggle. From intense hurricanes to wildfires, the growing effects of climate change on supplychains are becoming impossible to ignore.
Makers of weight loss drugs are looking out a big picture window of patented opportunity right now, but this rosy view is blocked by supplychain challenges. What role can supplychain play in preventing stockouts? So how can supplychain orchestration help?
Load capacity limits play a crucial part in a supplychain network organization, logistics metrics management, and procurement in the shipping industry. Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries.
The Introduction of Smokeless Tobacco Products Complicated Philip Morris’s SupplyChain. This was done at a stock keeping unit level and for the entire manufacturing supplychain. At the end of 2019 that supplychain covered 38 PMI owned factories, 28 third party manufacturers, and more than 180 markets.
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