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These sensors capture precise data on factors like location, speed, fuel usage, and driver behavior, transforming fleet management from reactive to data-driven decision-making. The IoT data allows managers to detect inefficiencies, predict maintenance needs, and even assess driver performance.
Our daily lives are inundated with data. Alerts and notifications from email, social channels, home devices, shopping apps and other platforms compete for our attention, creating an overwhelming stream of information. But these efforts are frequently hampered by fragmented visibility, overwhelming data and poor data quality.
Supplychain disruptions have become a persistent operational risk. Traditional supplychainplanning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. Amazon is a leader in AI-driven supplychain management.
During my current supplychainplanning market research, I have received briefings from several SCP companies. Many say that they are using generative AI, a type of AI that can create new content and ideas, as part of their journey toward autonomous planning. We are a platform. We feel we are ahead of our times.
The logistics and supplychain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Businesses face heightened uncertainty in managing costs and securing stable energy supplies.
In a recent Wall Street Journal op-ed, Elon Musk and Vivek Ramaswamy outlined their proposal for a Department of Government Efficiency (DOGE), emphasizing streamlined governance and technological transformation. Training in areas such as robotics, AI, and data analytics would be crucial. This would reduce theft, fraud, and errors.
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?)
Autonomous delivery vehicles (ADVs) are bringing significant changes to last-mile logistics, an essential component of the supplychain. Machine learning improves the vehicle’s performance by analyzing data from past deliveries and refining its operations. FedEx and UPS are also exploring autonomous delivery technologies.
Artificial Intelligence (AI) is transforming logistics and supplychain management, driving an era of heightened efficiency, innovation, and sustainability. From autonomous vehicles to predictive analytics and advanced tracking, AI technologies are reshaping how goods are moved, monitored, and managed across the globe.
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.
As logistics networks become increasingly complex, the volume of real-time data generated by devices, equipment, vehicles, and facilities is growing rapidly. Edge computing processing data locally, near the source has emerged as a method to address these challenges by reducing latency and improving resiliency.
Let’s just come right out and say it – without the ability to capture, aggregate, and understand your supplychaindata, you have gray area within your organization. The data locked in black boxes across your operating network causes you, and your network, to operate ineffectually. Your “story” is in your data.
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These different softwaresystems address different parts of the delivery supplychain, from back-end operations management, all the way through to last mile touchpoints with customers. 8 Features found in the best delivery management software: Integration with POS and ecommerce platforms to manage order fulfillment.
I recently read a thought-provoking report with several predictions about the future of supplychaintechnology. How can it be that so many companies will continue to invest so much in state-of-the art technologies, and yet fewer than one in 20 control tower deployments are expected to deliver on their potential?
Matrices are powerful mathematical tools that play a crucial role in supplychain management. They help businesses organize and analyze data, leading to better decision-making and improved efficiency. Network Design Supplychains often involve complex networks of suppliers, manufacturers, and distributors.
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.
Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supplychain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. must comply with SOX.
In the corridors of Unilever, a team of dedicated supplychain planners from demand to supply to transportation embarks on a daily journey. Their day doesn’t begin with traditional routines but with diving deep into a digital universe where data alerts serve as guiding stars.
History of SupplyChain Management. Over the last 100 plus years of the history of supplychain management has evolved from an initial focus on improving relatively simple, but very labor-intensive processes to the present day engineering and managing of extraordinarily complex global networks.
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.
Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. He also spoke at the ARC forum in 2023, and this article is based on that presentation as well. Agentic AI involves creating a system of interacting agents, each trained on a specific task or dataset. Their plants are very expensive.
The pandemic was a wake-up call for many industries, exposing vulnerabilities in global supplychains and highlighting the need for greater supplychain resilience and adaptability. By spreading your risk, you can better navigate unexpected challenges and maintain continuity in your supplychain.
Recent supplychain disruptions are forcing organizations to challenge the prevailing wisdom and look for newer approaches to decision making. The simultaneous shocks to demand and supply, and the magnitude of these shocks are not something the world ever experienced.
It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Typically, we make it at least one month into the new year before we have to revise our plans. However, it’s only early February 2024, and we already have several major disruptions impacting supplychains.
I was excited to place the order right away so my present would arrive in time for Father’s day. Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. Why should we consider Promotion Planning in Inventory Management?
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.
Now more than ever, organizations must prepare their supplychain for the present and the unknown challenges and opportunities in the future. Integrating external factors like consumer price indexes, GDP trends, climate change, and others into the forecast can improve signaling for supplychain design.
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?
The cavernous halls of McCormick Place in Chicago played host to ProMat 2025, a sprawling testament to the relentless innovation shaping the future of manufacturing and supplychain. ProMat 2025 showcased AMRs performing tasks such as goods-to-person picking, transporting materials, and even assisting with pallet movement.
Supplychain and finance departments need to work more closely and adopt costing practices that are progressive and focused on informing internal decisions. Supplychain professionals aren’t getting the cost information that they need according to a recent survey from APICS and the Institute of Management Accountants.
As data becomes a critical resource in modern organizations, business users are clamoring for tools to ease access to data for reporting and dashboards. EA plugs data in the form of reports, dashboards and data visualizations into applications, putting the information where it will get used.
Chemical manufacturers collect and use a lot of data in their supplychain. They deal with data on their products, customers, transportation, storage, operations and more. Acquiring that data is not hard but managing and utilizing that information to be able to analyze your business is the challenge.
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 systemspresents hurdles that add to the true cost. Calculate software costs – Consider the price of the software solution.
Staying up-to-speed in leading technology requires time and investments. With all the current and upcoming logistics technology, it can be confusing for shippers to identify what will have the best impact to stay competitive now and in the future. HOW LOGISTICS TECHNOLOGY CAN HELP. WITH CAPACITY. WITH RISK MANAGEMENT.
million tons of steel a year, has responded to these issues with a board-level driven transformation journey called “Future Value Chain.” Part of their transformation includes a journey to implement and improve their connected planning capabilities. Tata Steel Europe has a complex supplychain. What does that mean?
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.
IoT: Powering the Future of Digital Product Passports The Internet of Things (IoT) continues to impact how industries track products and manage data. This network of devices enables seamless, automatic data collection from physical objects in near real-time.
Transparent data prepared especially for your logistics operation will get you easily through your peaks. The good news is that these peaks come at about the same time every year and can therefore be easily planned for. The hype usually revolves around just one item and can easily be managed by a modern logistics system.
Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer. How does a fleet management system work?
The following is an opinion article on AI in supplychains, written by Russ Felker , Chief of Technology (CTO) of Trinity Logistics. Artificial intelligence (AI) continues to grow its presence in our everyday lives, businesses, and now, supplychains. AI in SupplyChains: We Need to Change Our Focus.
With the rise of digital resources and collaborative logistics , the old ways of managing shipping data and tracking information are fading. It is time to move to a supplychain control tower approach. A substantial chain of command and a supplychain control tower setup is necessary.
One promising application that is emerging in the SupplyChain and Sustainability space is Digital Product Passports (DPPs). Driven by regulations and a thirst for data transparency. However, while the advantages are clear, implementing blockchain on a large scale presents implementation obstacles that do need addressing.
A transformation that is based on the idea that by putting in new applications the company will automate a process, or processes, and provide more and better data to make decisions, is a poor foundation for a true transformation. The roots of IBP are in sales & operations planning (S&OP). Dean Sorenson concurs.
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