Talking Logistics

APRIL 17, 2019

How are these advancements improving the way data is shared in ocean transportation? Andrew explains that, “Due to regulatory changes, every truck has to have an [ELD] device for tracking data. This data is collected via APIs, eliminating the need for EDI transactions. Timely data is an important factor enabling them to do that.

Data 77

Data Supply Chain Design Software Supply Chain Software Cost Reduction 77

Logistics Viewpoints

MAY 23, 2022

The devices will improve visibility by transmitting data on a real-time basis from each container. Tracking devices from Nexxiot and ORBCOMM are being installed that will provide location data based on GPS, measure temperature, and monitor any sudden shocks to the container. It has so many data points.”.

Supply Chain Planning Software 110

Supply Chain Planning Software Optimal Sourcing Supply Chains Procurement Solutions 110

AIMMS

JUNE 5, 2019

An interesting example of this is the capability AIMMS has provided in the utility grid business for the last 15 years. Tens of thousands of demand nodes, 2,000 supply nodes and industrial pricing are all synchronized to best effect every 15 minutes. What about Configure, Optimize & Respond?

Supply Chain Planning Software 120

Supply Chain Planning Software Optimization Software Supply Chain Software Scenario Planning 120

Logistics Viewpoints

JUNE 22, 2022

For example, “maximize revenues within a theoretical facility that had two constraints.” This was a technical process, applied in a fairly simple fashion to an extremely high-level set of examples. But it applied them in greater detail to aggregate supply and demand across numerous nodes. What about the data quality?

Supply Chain Planning Software 124

Supply Chain Planning Software Supply Chain Software Modeling Software Scenario Planning 124

Talking Logistics

APRIL 1, 2019

Microsoft Excel is arguably the most widely used supply chain and logistics application , while blockchain is one of the most talked about emerging technologies in the industry, promising to transform the way companies share data and execute transactions with their trading partners. That’s where blockchain technology comes in.

Supply Chain Software 109

Supply Chain Software Nodes Supply Chains Logistics Network Optimization Software 109

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 123

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 123

Logistics Viewpoints

SEPTEMBER 19, 2023

The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 118

The Logistics of Logistics

APRIL 30, 2018

Let’s take an example: A supplier, Mr. Daniel of ABC Goods, needs to ship a consignment from location A to location B. An integrated system enjoys the benefits of 100% visibility, almost zero data duplication, smooth flow of information from one stage to the other, incorporating scalable subunits at any stage, and data security.

Supply Chain Planning Software 167

Supply Chain Planning Software Logistics Network Optimization Software Optimization Software Modeling Software 167

Talking Logistics

MARCH 21, 2018

Here are a few examples: Maersk and IBM to Form Joint Venture Applying Blockchain to Improve Global Trade and Digitize Supply Chains. Blockchain doesn’t erase the fact that supply chains still suffer from crappy data. Blockchain in Supply Chain Management. SAP Blockchain Initiative Expands to 27 Members.

Supply Chain Software 92

Supply Chain Software Supply Chains Logistics Network Optimization Software Modeling Software 92

Talking Logistics

MAY 6, 2019

Our 2018 study tells us a greater percentage of Above Average Performers have “High Confidence” in inventory accuracy across all supply chain nodes compared to Average & Below Performers. That said, as we further evaluate the data we find even Above Average Performers have significant room for improvement.

Inventory 94

Inventory Optimal Sourcing Supply Chain Software Optimization Software 94

Logistics Viewpoints

JANUARY 13, 2022

American Supply Chain Resilience Act and the German Supply Chain Act are just two examples of this. N-tier risk visibility and designing out risk will be critical: Technologies that allow multi-tier mapping, visibility into risk based on analyzing internal and external, structured and unstructured sources of data will be critical.

Supply Chain Design Software 124

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 124

Logistics Viewpoints

JULY 22, 2021

As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Scenario Planning 115

Logistics Viewpoints

MARCH 20, 2023

A graph database stores nodes and relationships instead of tables, or documents. Data is stored just like you might sketch ideas on a whiteboard. Those insights are driven from data connections across the vast amounts of data these companies have access to. There are vendors that supply this data.

Supply Chain Planning Software 114

Supply Chain Planning Software Modeling Software Procurement Solutions Supply Chain Software 114

Logistics Viewpoints

JUNE 22, 2022

For example, “maximize revenues within a theoretical facility that had two constraints.” This was a technical process, applied in a fairly simple fashion to an extremely high-level set of examples. But it applied them in greater detail to aggregate supply and demand across numerous nodes. What about the data quality?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Software Modeling Software Scenario Planning 96

IoT World Today

MARCH 5, 2019

For example, a factory relies on raw material deliveries could learn through an IoT device on the shipment that it is headed in the wrong direction. Having that information in real time could allow the factory to cancel the shipment, help redirect it or buy it from another source and keep its supply chain schedule on track.

Logistics Network Optimization Software 85

Logistics Network Optimization Software Tracking and Tracing Supply Chain Software Logistics 85

Talking Logistics

NOVEMBER 27, 2017

But when you think about the massive amount of data that is needed to make these [planning] decisions and the inability to use [holistic] optimization and run scenarios in a truly collaborative way outside of just a spreadsheet has been difficult for companies.”. After watching, post a question or comment and keep the conversation going!

Supply Chain Planning Software 77

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Supply Chain Design 77

Logistics Viewpoints

NOVEMBER 28, 2022

For example, if a company had built up safety stock, and the inbound supply of components needed to make a product is disrupted, the company can still respond to customer demand without breaking a sweat. One week, the model may show the capacity of an upstream node as being 200 units, the next week it can show 700 units.

Supply Chain Planning Software 109

Supply Chain Planning Software Scenario Planning Optimal Sourcing Manufacturing Procurement 109

Logistics Viewpoints

AUGUST 29, 2022

If a supplier’s continued material flow becomes questionable for a wide range of reasons, the way that supplier’s components flow to various factories and nodes in the supply chain is graphically illustrated and the appropriate commodity managers are automatically notified. This data needs to be curated. I am skeptical.

Supply Chain Planning Software 104

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Software 104

Logistics Viewpoints

APRIL 26, 2021

For example, a vaccine manufacturer increased their order size by a factor of four in one weekend; a video call company wanted to receive ten times as much product as they initially forecast with just a month’s lead-time. For example, planning was still done using spreadsheets. This changeover was nearly complete by the end of 2019.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Design 115

IoT World Today

JANUARY 15, 2019

Once connected, the device reads data from a wide number of vehicle sensors including engine speed sensors, oxygen sensors, voltage sensors to name just a few. Depending on the device, it transmits various types of data about how the vehicle operates and whether it faces any engine-related problem.

Optimization Software 72

Optimization Software Logistics Network Optimization Software Price Reduction Expense Reduction 72

Now, That's Logistics

MARCH 12, 2018

Blocks of information are distributed and accessed by several hub points, called “nodes”, that support a network. Data, such as position, temperature, humidity and the current person responsible for the shipment, is securely transmitted via the Blockchain network. Blockchain is likewise advancing in the logistics industry.

Logistics Network Optimization Software 68

Logistics Network Optimization Software Supply Chain Software Modeling Software Material Savings 68

AIMMS

JUNE 5, 2019

An interesting example of this is the capability AIMMS has provided in the utility grid business for the last 15 years. Tens of thousands of demand nodes, 2,000 supply nodes and industrial pricing are all synchronized to best effect every 15 minutes. What about Configure, Optimize & Respond?

Supply Chain Planning Software 62

Supply Chain Planning Software Optimization Software Scenario Planning Supply Chain Software 62

GlobalTranz

FEBRUARY 25, 2015

Chips attached to individual items will transmit data such as identification, location, temperature, pressure, and humidity. Not only that, they will also be able to transmit traffic conditions and drive-specific data, such as average speed and driving patterns back to the central office.

Manufacturing Procurement 107

Manufacturing Procurement Optimization Software Logistics Network Optimization Software Supply Chain Planning Software 107

Logistics Viewpoints

FEBRUARY 23, 2023

Transparency into the inter-relationships of actions clarifies their systemic impact, not just the effect on a single node. Algorithms “learn” patterns from data to predict decisions that can be automated, saving planners from the tedium of routine updates. However, this learning requires large volumes of data to “train” the models.

Supply Chain Planning Software 113

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Digital 113

Logistics Viewpoints

APRIL 7, 2022

As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. Some may have believed themselves to be immune at one point, but now their perspective is shifting.

Supply Chain Design Software 129

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 129

Talking Logistics

JUNE 5, 2017

There are many reasons why, as I’ve discussed in previous posts and Talking Logistics episodes , including: Supply chain data is stored in too many systems, in too many formats, across many companies and geographies. Nobody really owns or is accountable for supply chain visibility and data quality management.

Supply Chain Software 89

Supply Chain Software Supply Chains Manufacturing Procurement Eliminating Excel in Purchasing 89

Logistics Bureau

OCTOBER 9, 2023

Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve 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.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Design Distribution Networks 98

Talking Logistics

JUNE 6, 2017

What would happen if something catastrophic happened to that node? Conversely, network optimization approaches look only at your existing supply chain design, using this data to form a baseline for future improvements. True optimization needs to gather and rely on data to achieve lasting, reliable results. To Sum It All Up.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Design Optimal Sourcing Supply Chain Planning Software 119

Shipchain

SEPTEMBER 4, 2019

There’s a misconception that public means anyone can access your data, while private indicates an extra level of security. The Ethereum network helps you validate your transactions and shipments, and the entire community verifies every node. Here are three reasons why public chains are better for the industry than private ones: 1.

Supply Chain Planning Software 48

Supply Chain Planning Software Logistics Network Optimization Software Industry Supply Chain Software 48

Chronicled

AUGUST 27, 2020

What has been missing until now is tangible, real-life examples of how this technology can be used to solve immediate business problems. Data is continually changing: pricing updates; doctors and hospitals change business activities, potentially affecting their eligibility; changes in GPO and Wholesaler customers.

Networks 52

Networks Procurement Solutions Manufacturing Procurement Price Reduction 52

Logistics Bureau

JULY 10, 2018

This means for example, that marketing-campaign planning involves manufacturing and procurement functions, to ensure preparedness for an uptick in product demand. This necessity is concerning for some company leaders, who fear conflicts of interest, information leaks, and other data-security vulnerabilities.

Supply Chain Planning Software 49

Supply Chain Planning Software Supply Chain Design Software Inventory Reduction Supply Chain Software 49

Stord

JULY 1, 2024

An often overlooked benefit of carrier diversity is the ability to leverage the right carrier for the right type of service - for example one carrier might over index with fast-delivery-speed air freight while another excels at oversized, heavier goods or hazmat items.

Expense Reduction 78

Expense Reduction Cost Reduction Price Reduction Inventory Reduction 78

Logistics Bureau

JANUARY 17, 2022

We’re talking responsible consumption and production, for example, transition to renewable energy, ethical labor and trade, the manufacturing and retail impacts on life on land and underwater, just being sustainable and meaningfully contributing to the communities where we operate. Sustainable Supply Chain in Action: An Example.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 98

Logistics at MPEPS at UPV

APRIL 16, 2018

What is blockchain: Blockchain is not bitcoin, blockchain is a way of working, the blockchain technology works as a decentralized database for handling divergent types of data. However before the era of blockchain those were all centralized databases in the datacenters of for example Facebook and our financial institutions.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Logistics Supply Chain Software Nodes 40

Now, That's Logistics

JULY 13, 2018

A new technology paradigm that allows objects to “talk” with other objects and with humans, through embedded electronic nodes that are programmed for specific functions, IoT makes these things “smart,” writes Forbes’ Andrew Arnold. Automated data capture gives real-time visibility of stock and avoids manual counting and human errors.”

Supply Chain Software 60

Supply Chain Software Supply Chains Logistics Network Optimization Software Sourcing Strategies 60

Chronicled

APRIL 2, 2020

Companies have departments of heroic staff diligently making sure the data is up to date, the process runs as it is supposed to, and managing the dispute resolution where things didn’t line up. No data needs to be shared with 3rd parties?—?all Industry estimates guess that 1–4% of a company’s revenue? The MediLedger Network?

Procurement Solutions 52

Procurement Solutions Price Reduction Networks Manufacturing Procurement 52

Chronicled

FEBRUARY 8, 2021

For pharmaceutical drugs, for example, hundreds of GPOs compete with each other as well as self-procurement options (not through a GPO) that still account for 25% of hospital drug spending. Member Reconciliation GPOs determine member purchase volume by reconciling sales and chargeback data against member data.

Purchasing Skills 52

Purchasing Skills Price Reduction Negotiating Skills Manufacturing Procurement 52