Remove Course Remove Definition Remove Optimal Sourcing
article thumbnail

Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Starting with a first principles model, according to AspenTech, improves accuracy significantly.

article thumbnail

TWI: Is it Time to Rethink Job Relations?

The Lean Thinker

Job Methods, teaching the skill of analyzing work with an eye to improve efficiency. In many cases the material these current-day trainers use deviates very little from the source material. The challenge, of course, is that nobody owns this material. Can we do something which will improve loyalty and cooperation?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

article thumbnail

3PL Industry Trends and a Forthcoming Identity Crisis

Logistics Bureau

As a general definition, a 3PL helps a company to get its offering, conceived in place A, into the hands of its customers in place B. The solution is to back up, figuratively speaking, to the general definition of the need and see how overall trends and developments in the world could make this need map onto other, different solutions.

3PL 74
article thumbnail

Resilience Equals Performance in Supply Chain – How to Improve It

Logistics Bureau

Here at Benchmarking Success, we exist to help our customers improve supply chain performance. Of course, the criticality of such elements is the same now as it always was. Improving the way that managers, employees, and functional teams communicate with one another. That trend was to be a drawback when the pandemic arrived.

article thumbnail

7 Reasons Why ShipMonk is the Smart 3PL Choice

Ship Monk

When ShipMonk started, one of the driving forces was shaking up the long-static logistics industry with innovation that would allow ecommerce brands to grow and scale optimally. If your ecommerce brand imports from international sources, this is definitely a reason why ShipMonk should be your 3PL of choice. Have more questions?

3PL 105
article thumbnail

Difference between Maritime, Shipping, Freight, Logistics and Supply Chain

Shipping and Freight Resource

In this article I unpack the difference between Maritime, Shipping, Freight, Logistics and Supply Chain and how it is all connected, starting with some simple definitions of these terms. Of course different freight types have different characteristics and susceptible to different types of cargo damage and needs expert handling in all cases.

Maritime 134