Logistics Viewpoints

JANUARY 21, 2021

Machine learning (ML) techniques can be applied to provide more accurate transit information and estimated arrival times (ETAs) by analyzing the historical shipment data in your transportation management systems. These can include traffic conditions, port congestion, storms, and holiday closures.

Inventory Reduction 214

Inventory Reduction Supply Chain Planning Software Cost Reduction Logistics Network Optimization Software 214

Logistics Viewpoints

OCTOBER 3, 2022

The toilet paper shortage was one of the COVID era events that taught people what the term “supply chain management” meant. In warehouses, for example, one solution is labor management. Multinationals knew that events could occur that could cost them tens, or hundreds of millions of dollars.

Supply Chain Software 191

Supply Chain Software Supply Chains Sourcing Strategies Optimal Sourcing 191

Logistics Viewpoints

JUNE 10, 2024

12,000 SAP customers and partners attended the event, and another 15,000 watched remotely. I might tell Alexa, for example, “Play the station Smooth Jazz!” The manager would not be required to drill down through web page after web page and look at dense tabular data to get the answer. In contrast, Joule is Business AI.

SAP 172

SAP Supply Chain Planning Software Supply Chain Software Optimization Software 172

Material Handling and Logistics

JANUARY 8, 2018

These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. Hurricane Maria, which slammed into Puerto Rico on September 20, 2017, is a prime example of a catastrophe that reverberates through supply chains. Economic situation can cause product or labor shortages.

Supply Chains 142

Supply Chains Cost Reduction Examples Events 142

Logistics Viewpoints

APRIL 8, 2024

These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supply chain disruptions caused by weather, geopolitical events and other hazards in near real-time.

Supply Chain Software 161

Supply Chain Software Supply Chains Manufacturing Procurement Logistics Network Optimization Software 161

Logistics Viewpoints

MARCH 4, 2021

Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats. Planners spend their precious time collecting and synthesizing the data to drive insights.

Supply Chain Planning Software 166

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 166

Logistics Viewpoints

MARCH 27, 2024

MODEX 2024, held in Atlanta, Georgia, from March 11 to 14, attracted more than 35,000 attendees and featured over 150 educational sessions, keynote speakers, and networking events. Here are some of the examples that caught our attention. They can also work alongside humans or independently, depending on the task and the environment.

Optimization Software 151

Optimization Software Logistics Network Optimization Software Optimal Sourcing Supply Chain Software 151

Logistics Viewpoints

DECEMBER 14, 2023

Organizations must take the following steps to bring departments together to create truly resilient and sustainable supply chains: Leverage external data to sense market shifts Look to external causal factors and forecasting models to identify market shifts. By identifying these gaps, you can create sourcing events to close them.

Supply Chain Design Software 161

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 161

Logistics Viewpoints

JUNE 8, 2022

At that time, I wrote about the COVID pandemic, and how similar events occur that elevate the uncertainty of the market. These events make accurate forecasting very difficult. For example, interest rate hikes tend to deter lower priority investments and those that require debt financing. Review of Prior Impactful Events.

Scenario Planning 153

Scenario Planning Analysis Events Purchasing Skills 153

Logistics Viewpoints

FEBRUARY 8, 2021

Supply chain software suppliers have told me that in terms of implementations, Covid was mostly a non-event; pivoting to remote implementation consulting was not that difficult. Descartes points out that for all but the simplest route planning problems, creating the best plan is not as simple as loading data and hitting the “optimize” button.

Supply Chain Planning Software 186

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 186

Logistics Viewpoints

JANUARY 18, 2024

1) Streamlined Data Flow and Process Automation Is all about AI At the heart of effective supply chain automation lies the seamless flow of data across various sources and digital platforms, akin to a well-constructed highway for data. 2) AI-Infused Data Quality Assurance Ok, we built the proverbial highway.

Supply Chain Software 171

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 171

Logistics Viewpoints

FEBRUARY 28, 2022

Planning applications don’t work well if the master data they rely on is not accurate; this is known as the “garbage in, garbage out” problem. Artificial intelligence is beginning to be used to update the data. Lead times, for example, are a critical form of master data for planning purposes.

Supply Chain Planning Software 182

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 182

Logistics Viewpoints

JANUARY 5, 2022

The key building blocks for the modern supply chain control tower includes data from key supply chain partners, robust supply and demand planning, and a master data management/data harmonization layer that helps to normalize the data and can then feed accurate data to the planning engine or team members.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 216

Logistics Viewpoints

SEPTEMBER 17, 2019

It will provide at least ten times faster data transfer compared to 4G cellular networks. Event management of in-transit goods offers a great example of 5G’s value. The post 5 Reasons Why 5G Adds Value to Your Supply Chain appeared first on Logistics Viewpoints.

Supply Chains 111

Supply Chains Events Inventory Examples 111

Logistics Viewpoints

AUGUST 16, 2021

ARC’s definition is that a supply chain collaboration network is a “collaborative solution for supply chain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. Industry and government data can be used to increase forecast accuracy.

Supply Chain Planning Software 171

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 171

Logistics Viewpoints

FEBRUARY 26, 2024

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

Supply Chain Planning Software 171

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 171

Logistics Viewpoints

APRIL 4, 2024

Data Normalization & Removing Bias Data normalization in the context of forecasting is the process of going from actualized sales, which may be biased by various factors such as weather or inventory availability, to an understanding of baseline demand that is stripped of the impacts of these demand drivers.

Scenario Planning 160

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 160

Logistics Viewpoints

AUGUST 15, 2024

Companies can also test-drive their supply chains by introducing the uncertainty of events that are difficult, if not impossible, to predict with accuracy. These events can range from minor supply disruption or canceled shipments to significant black swan events. suppliers impact your ability to deliver.

Scenario Planning 160

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 160

Logistics Viewpoints

MARCH 27, 2023

Demand forecasts are improved with access to downstream data (point of sale, Nielsen retail data, and access to competitor promotion schedules). Other external data, like industry data or economic data, is used for other types of forecasts. forecasting product sales at 10,000 stores. This sounds obvious.

Supply Chain Planning Software 131

Supply Chain Planning Software Scenario Planning Optimal Sourcing Supply Chain Software 131

Logistics Viewpoints

MARCH 14, 2024

Cybersecurity for Total Warehouse Protection Cybersecurity stands as a barricade against potential breaches that can compromise operational data, employee information, and customer privacy. These measures not only protect sensitive data but also fortify the trust between warehouse operators and their clients.

Logistics Network Optimization Software 164

Logistics Network Optimization Software Security Automation Compliance 164

Logistics Viewpoints

SEPTEMBER 19, 2023

Risk events that happen in one part of the supply chain can cause a disruptive effect that is amplified multi-fold given the complex connectivity of labor, raw materials, and capacity. The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream.

Supply Chain Design Software 159

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 159

Logistics Viewpoints

APRIL 15, 2021

At our Blue Yonder ICON event later in April this year and 3PL Execution Forum in June, 3PL and 4PL companies will explain how they are leveraging innovations as an advantage. An example is carrier network services for executing a cohesive set of first-, middle- and last-mile operations and optimizing common carriers and fleets.

Supply Chain Planning Software 164

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 164

Logistics Viewpoints

JANUARY 25, 2024

Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supply chain and your data. Consider a planner in Brazil working with the previous lead time prediction example, who has forgotten how to update the parameters. Because it doesn’t understand, we need humans at the helm.

Supply Chain Planning Software 162

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 162

Logistics Viewpoints

NOVEMBER 4, 2024

More recently, demand planning applications based on machine learning have improved forecasting by incorporating competitor pricing data, store traffic, and weather data. ML techniques like clustering, data similarity, and semantic tagging can automate master data management.

Supply Chain Planning Software 172

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 172

Logistics Viewpoints

JANUARY 13, 2022

American Supply Chain Resilience Act and the German Supply Chain Act are just two examples of this. This is creating the need to shrink the time between identification of a sourcing need and executing on a sourcing event. Wanted to share these thoughts here. AI plays a significant role in harnessing the power of this.

Supply Chain Design Software 165

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 165

Logistics Viewpoints

MAY 3, 2021

Supply chain collaboration networks, which provide wide ranging visibility to events occurring upstream and downstream in supply chains, can help companies be more agile. An SCCN can also access pertinent third-party data feeds. The information exchange is supported by data centers that the company owns and runs.

Supply Chain Software 146

Supply Chain Software Supply Chains Manufacturing Procurement Optimal Sourcing 146

Logistics Viewpoints

SEPTEMBER 19, 2024

For example, running a batch process that now takes 8 hours instead of 12 does not translate into supply chain agility. For impactful scenario planning, planners must spend time on analysis rather than collating data and manually creating scenarios.

Supply Chain Planning Software 147

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 147

Logistics Viewpoints

SEPTEMBER 13, 2023

The conference as a whole was fantastic, from the location and networking events to the conversations I had and sessions I attended. This means connecting these different stakeholders and facilitating data sharing that will make the entire supply chain run more efficiently. According to Ms.

Supply Chain Planning Software 173

Supply Chain Planning Software Waste Reduction Optimal Sourcing Supply Chain Software 173

The Logistics of Logistics

FEBRUARY 11, 2022

Inclement weather or another force majeure – Winter storms, tornadoes, flash floods, hurricanes, earthquakes, and wildfires are just a few examples of the things Mother Nature can dish out that lead to delivery delays. Damaged packages – Sometimes it’s the shipping label that either gets knocked off or becomes illegible while in transit.

Optimal Sourcing 195

Optimal Sourcing Supply Chain Design Software Supply Chain Software Supply Chain Design 195

Logistics Viewpoints

NOVEMBER 29, 2022

It is the world’s biggest sporting event that highlights the globe’s most popular sport. In this example, the tournament location, required infrastructure development, and very scope 3-heavy nature of the event, make the since retracted claim of a “plastic- and carbon-neutral” seem, well, kind of silly to make to being with.

Industry 136

Industry Resource Reduction Examples Article 136

Material Handling and Logistics

JANUARY 15, 2019

As climate change drives up the regularity of natural disasters, supply chains must rely on real time data to thrive. . . . . Data from the UN’s research on climate change suggests that the commonality of natural disasters will continue to ramp up unless major steps are taken to tackle climate change. Real-Time Data Saves the Day.

Supply Chain Planning Software 138

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 138

IoT World Today

FEBRUARY 6, 2020

IoT World is North America’s largest IoT event where strategists, technologists and implementers connect, putting IoT, AI, 5G and edge into action across industry verticals. Internet of Things (IoT) sensor-generated data is another key piece of improving railway efficiency and operations. Optimizing Railway Operations with Data.

Efficiency 135

Efficiency Networks Optimization Software Training 135

Logistics Viewpoints

JANUARY 26, 2021

Geopolitical events. While creating a demand-driven supply chain means ingesting and interpreting large volumes of data, advances in cloud computing and edge computing make data-based decision making easy and cost-effective. A Positive Example. Natural disasters. Tariffs and trade regulations. The rise of ecommerce.

Supply Chain Software 171

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 171

Logistics Business Magazine

SEPTEMBER 7, 2023

Most shippers, carriers and logistics service providers understand the importance of data collection and data-driven decision-making. Data collected over time provides intelligence, enabling companies to enhance long-term decision-making. Artificial intelligence is a potent tool that helps companies get the most from their data.

Logistics Network Optimization Software 61

Logistics Network Optimization Software Data Modeling Software Negotiating Skills 61

Logistics Viewpoints

JANUARY 4, 2021

The theory is that as more and more devices throughout the supply chain and manufacturing process become part of the ‘Internet of Things,’ they will produce an incredibly rich data stream that will send signals in real-time to trigger a wide variety of events. Artificial Intelligence (AI)/Machine Learning (ML) Platforms.

Supply Chain Planning Software 205

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling Software 205

Logistics Viewpoints

JULY 28, 2021

There are a variety of external data streams that also play a role in providing better visibility and improved ETAs. Companies are partnering with data aggregators to get a better idea of when shipments will arrive. However, the nuances and granularity of the data will vary depending on the mode.

Transportation 154

Transportation Supply Chain Software Logistics Network Optimization Software Manufacturing Procurement 154

Logistics Viewpoints

MAY 22, 2023

To solve this problem, we’ll need to do three things: understand the data, aggregate the data, and define the constraints. First comes the data and how well we understand it. We will now start generalizing – in other words, aggregating the data. Can every customer get products from every warehouse?

Supply Chain Design Software 123

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 123