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Key Takeaways: Disruptive Tech In The SupplyChain. Technology is having a huge impact on the logistics and supplychain. Most technology projects deliver incremental improvement, while others are disruptive (in a good way) and change the way we do business.
2019’s over, but there’s plenty of technology to look back on over the course of the year to see what affects it had on supplychains. As such, many of the technologies that digital transformation supports grew as well. Blockchain remains a technology in need of maturing. Blockchain.
Frederic Laluyaux, the CEO of Aera Technology, agrees with this assessment. In the supplychain arena, the need to make course corrections is exploding. These new fabrics will promote the development of new models that can operate effectively on the edge, in the enterprise cloud, or across the extended supplychain.
We pick up where we left off yesterday from posting the Top 10 Manufacturing Blog Posts for 2014 by page views from the Cerasis blog by featuring the Top 10 SupplyChain Blog Posts in 2014. Just as in the following five examples that reveal interesting data, best practices, and tips related to the supplychain.
Of course, the pandemic then hit global shores, not to mention the ripple effects of global trade wars. In response, Malaysia has opted to stock up on chicken as part of measures to secure domestic supplies and control rising food prices. Singapore, for example, relies on Malaysia for one-third of its total poultry supply.
Industry analyst Gartner has named its top 8 supplychaintechnology trends in 2019. These technologies are those that supplychain leaders simply cannot ignore,” said Christian Titze, research vice president at Gartner.
Supplychains will survive COVID-19, of course, but not without interim pain and structural change. Practitioners must develop a data analytics strategy that gives them insight into supplychain aberrations before catastrophe sets in. Erratic consumer demand adds further dysfunction.
In today’s post, I’ll share some concrete examples of machine learning applications used today in the context of S&OP. The first example is to use machine learning for improving the results of your promotions and improving sales. Take the Coca Cola company, for example. Machine learning to boost your sales.
According to CB Insight research , supplychaintechnology funding skyrocketed in 2016, reaching over $5 billion dollars, more than 10X 2013 levels, and creating more logistics startups every year. So we spoke to some of Freightos’ investors to see what drew them to logistics (and, of course, Freightos specifically). #1:
OTM is a very mature application, for example. Oracle’s primary example of what they were doing to bring deeper industry solutions to market was what they are doing to support the healthcare industry. The order-to-delivery process, for example, is much wider than the fulfillment processes supported in a warehouse management system.
For example, a retailer may be relying on six-month old shipment charts with average transit times to decide when to reorder stock. Other examples include resolving issues around transshipment problems and accurately scheduling labor.”. That is where AI and predictive analytics can help. From Static Rules to Dynamic Learning.
But, of course, the shipping industry will the feel the growing pains of these new regulations significantly more. For example, a country may agree to the terms of the regulations but may either lack the ability to enforce certain rules in their jurisdiction or they just look the other way, because it benefits them fiscally.
Per GT Nexus , 75 percent of executives surveyed recognized the digital supplychain as an important factor for the next five years. Meanwhile, 70 percent have also started processes to implement digital supplychaintechnologies throughout their companies.
Still, that’s no excuse for ignoring the progress being made on a transport solution with the potential to drive greater economic efficiency than any other supplychaintechnology so far imagined. Key Logistics Trend #3: The Blurred Line Between Logistics and Technology Services.
A Long History of SupplyChain Strategy Misalignment. For example, Wal-Mart is very clearly intent on providing consumers with the lowest prices, while Target offers “the better low-price shopping experience” Kmart though, is kind of stuck in the middle with no clear message to differentiate itself.
Those brands include Pepsi, of course, but also Lay’s, Quaker, Doritos, Cheetos, and Gatorade. Reduce miles, reduce touches, become more efficient all the way through” your supplychain. Technology is used to help in this endeavor. One example is pep+ REnew in partnership with Schneider Electric.
How quickly do you need to restock, how should you split your inventory across multiple locations , and of course what kind of inventory ordering system best suits your brand? ShipMonk, for example, has 100+ integrations designed to help ecommerce brands grow. How much do I order? The key to this is the capacity for integrations.
This includes everything from advancements in how technology is used by shippers and logistics services providers (LSPs), to the adoption of automation in the warehouse and new options for final mile delivery. For example, the expectation of fast delivery aside, online shoppers expect unreasonably cheap or free shipping.
In fact, at one conference this spring, after delivering a keynote presentation that had nothing to do with technology, the very first question I received from the audience was “What do you think about blockchain and its potential in supplychain management?”. Of course, the most common question about blockchain is “What is it?”
The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. Unlike a 4PL, however, it won’t manage the paint maker’s entire supplychain. Healthcare Logistics.
Let’s take ShipMonk, for example, one of the fastest-growing 3PL fulfillment providers in the US. You do have other options, of course. Together they develop a Service-Level Agreement (SLA) that details the client’s service expectations and the responsibilities of each party. The bottom line?
Additional technologies embedded in delivery vans or trucks is reducing fuel waste and improving driver efficiency. Of course, these possibilities are not without potential problems. For example, Link-Labs identified a few issues with the use of Bluetooth tracking of products.
In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the SupplyChain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations.
While in some ways obtaining supplychain visibility has gotten more difficult over the years, due to globalization, outsourcing, product proliferation, and other factors, in other ways it has gotten easier thanks to advancements in technology. One area, for example, is trading partner and system integration.
It’s that time when idle chatter at the office Christmas lunch turns to debating what next year will bring, especially among logistics and supplychain professionals, for whom it seems every New Year brings new challenges, trends, and disruptive innovations. Examples include SAP Fiori apps and SAP Mobile Platform.
In this guest post, Kevin Everson the Vice-President of SupplyChain Solutions at RMG Networks , investigates two examples of driving more supplychain value with logistics big data and data visualization. Much like IT, the supplychain is no longer a cost center … but instead a profit driver.
Of course, these new technologies also come with a lot of risks and uncertainties, which is why many companies are taking a “wait and see” approach before investing any time, money, and resources in them. Kenco is a great example.
Unlike printing a flat picture for example on a piece of paper, a 3D printer actually builds something in 3 dimensions. Additive Manufacturing Will Likely Affect The Global SupplyChain This technology has the potential of transforming our global supplychain in a very profound way.
For example, if the brand defines target production capacity for each style in the collection, material suppliers can anticipate their production orders for each month or quarter. However, a technology solution that only provides visibility without a means to right the course isn’t enough to ensure reliability.
According to Silicon Valley legend Peter Thiel, Hewlett Packard is a prime example. Risks should of course, be contingent on opportunity and ability to execute. For example, when Freightos tried to compare freight quotes from a top forwarder during a mystery shopping experiment, ocean and destination charges took only 30 minutes.
Below are just a few examples of different robots that 3PLs can use to enhance productivity. Check out an example of optimal sortation robot use in ShipMonk’s Platform Tour Video , where you’ll see carrier sorting robots depositing packages into gaylord boxes. The ROBOT TOM Line.
A ‘unified control system’ to orchestrate and optimise supplychaintechnology, IT and staff is Brandl’s vision. More than a Game “Koerber aim to help our customers keep their consumers happy and be repeat buyers,” Sean Elliott, EVP and Chief Technology Officer told me. AI, of course, is high on the agenda.
And in this new era of innovation, where increasing supplychain resiliency and agility is key, we cannot stand idle. As technology threads its way through everything we do, we are also continuously iterating and improving to ensure future resiliency.
Of course that’s really not such a bold prediction to make, since some warehouses are already running dark today. Some supplychains will be impacted more by 3D printing than others, of course. Robots Run the Warehouse.
The base units may all come from a large factory nearby or attached to brand headquarters, for example, but certain components (features/options, different color choices, tailored sizes) are applied or paired up closer to the end consumer’s location. This keeps overhead low and plenty of flexibility in the supplychain.
E-commerce coupled with more demanding delivery expectations from retailers — such as Walmart’s On-Time In-Full (OTIF) requirements — are forcing manufacturers to redesign their supplychain networks. Unless, of course, the shared data is crappy, inaccurate data. And with that, I’m out of space and time.
As has been proven over the last couple of decades, information technology is the key to managing the disparate and sometimes conflicting demands placed upon the 21 st century warehouse operator. For example, a WMS is no longer ideal where pockets of automation exist in larger facilities that also retain a dependency on manual processes.
Even for the corporations and manufacturers that realize the need for environmental sustainability, there is a need to continue to manage their supplychains in such a way as to sustain their own business. In terms of cutting costs, Mr. Sheffi explains that green initiatives can help to reduce supplychain costs. “An
Of course it would, and that’s why ShipMonk exists. Take COVID for example. During this time shipping was a mess on all levels of the supplychain—major carriers were even turning down big brands as shipping centers were overflowed with backed up orders and clogged inventory volume got out of hand.
Pre-crisis supplychain mapping and post-crisis visibility may enable better management of resources. For example, pre-crisis supplychain mapping and post-crisis visibility may enable better management of resources. Ocean transportation can be seriously disrupted by major storms.
From there, the bullwhip effect flows up the supplychain—from the retailer to the distributor to the manufacturer and right through to the raw materials supplier. For example, when companies introduce new products, they estimate the demand for goods based on current market conditions. FreightWaves’ Daniel Pickett asks. “I
Will Logistics Technology Take My Job? Who hasn’t asked themselves whether technology is threatening their job? Of course, logistics is far from immune. Technology Takes Jobs? Technology takes jobs, and the classic example is bank tellers. By John Edmonds, Research & Marketing, Freightos.
SCLA focuses on the practical knowledge necessary to succeed in real-world supplychain management, and therefore is not heavily laced with academic theory, although of course all key concepts, models, and tools are explaine d as part of the program content. Supplychain documentation.
To stave off a complete financial meltdown, supplychain leaders need to understand how this disruption—as well as those yet to come—could be mitigated with more use of advanced supplychaintechnologies and analytics to build more attainable, realistic goals, collaboration among partners, and derive real value.
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