IoT World Today

MARCH 27, 2020

Bouncing back more quickly, said experts, will require supply chain managers to turn to new ways of managing the supply chain, including using Internet of Things (IoT) data, analytics and machine learning (ML). An AI system needs to be fed data sets to learn how to behave and react.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Procurement Analytics 145

WorkWave

AUGUST 4, 2020

In the grand scheme of things, data analysis falls into the categories of descriptive, predictive, and prescriptive. While descriptive data presents existing figures, predictive data allows you to draw insights from trends in your descriptive data in order to make an educated guess about what might happen next.

Data 91

Data Procurement Analytics Sourcing Strategies Ordering 91

Material Handling and Logistics

JANUARY 10, 2018

These standards define how IoT devices will communicate, and how data will be collected, processed, handled, stored, and summarized. Strong players in the market will emerge as platform providers to aggregate the IoT data and provide key insights into that data that drive better business decisions in 2018.

Supply Chain Design Software 144

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 144

Logistics Viewpoints

MAY 17, 2023

These purchases were no longer influenced by factors such as retail center convenience, shelf height, or retail staff. ARC developed a survey in Q1 of this year and solicited responses from practitioners to obtain additional insight from the market. But the results of the survey do identify some trends.

Purchasing Skills 146

Purchasing Skills Supply Chain Software Survey Logistics Network Optimization Software 146

Material Handling and Logistics

OCTOBER 30, 2018

In a recent Forrester study, they found the problem to be poor quality data. Digitization is your friend, but quality data is your foundation. Start by making the purchasing experience a pleasure rather than a hassle. Be proactive about your suppliers! Believe in Darwin (change is a good thing). Boost Your Employees.

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

Logistics Viewpoints

SEPTEMBER 6, 2024

These clothing companies have revolutionized how consumers purchase, wear, and dispose of their clothing. First, in the early 2000s, advancements in data analytics, RFID, and localized supply chains fueled the rise of “fast fashion.” Over the past three decades, three technological shifts have transformed the fashion industry.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 159

GlobalTranz

NOVEMBER 21, 2017

In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Obstacles to fully utilizing analytics included inaccurate data , cost, and lack of timely data. Supply chain data initiatives need a top-down mandate.

Supply Chain Software 69

Supply Chain Software Procurement Analytics Supply Chains Data 69

Logistics Viewpoints

JANUARY 26, 2021

This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a 2018 survey by GEODIS, only 6% of supply chain professionals worldwide believed their companies had achieved supply chain visibility ?

Supply Chain Software 169

Supply Chain Software Definition Supply Chain Planning Software Supply Chains 169

Logistics Viewpoints

FEBRUARY 3, 2022

Companies knew this, which is why 93% of senior supply chain leaders surveyed in May 2020 by consulting firm McKinsey planned to increase inventories of key products and materials while also diversifying their supply base and localizing or regionalizing both supply and production. A change to one link (e.g. on-time delivery).

Inventory Reduction 188

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 188

Logistics Viewpoints

NOVEMBER 19, 2024

When shoppers were asked what would put them off making more ecommerce purchases in the future, 21% indicated they’d had negative delivery experiences, 20% said deliveries were not reliable, and 17% were dissatisfied with the delivery process. Similarly, maintaining a strong chain of custody (e.g.,

Cost Reduction 102

Cost Reduction Resource Reduction Price Reduction Vendor Strategies 102

FreightWaves SONAR

FEBRUARY 11, 2021

As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.” The data from benchmarking trucking fleets provides companies with a wealth of information.

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

Material Handling and Logistics

AUGUST 31, 2018

The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. It’s true that the major issues in the supply chain—which were confirmed through MH&L ’s workforce survey process and published in an earlier article —are nuanced. Data is a critical business asset.

Supply Chain Design Software 145

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 145

Freightos

FEBRUARY 4, 2020

And though the market index long predates digital computing, computing power combined with huge, aggregated data sets have proved fertile ground to improve visibility. As containerized freight has been slow to digitize in general, a reliable, data-driven, and actionable index has eluded the industry as well.

Optimal Sourcing 124

Optimal Sourcing Purchasing Skills Procurement Analytics Optimization Software 124

FreightWaves SONAR

JULY 10, 2023

Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in data analysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022. and Target Corp.

Data 52

Data Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 52

3PL Insights

SEPTEMBER 20, 2021

This article shares details on the Truck Tonnage Index, how the data reflects the overall economy, and other ways to interpret the data. Data Collection. The ATA creates the tonnage index through a series of surveys of its members. The index uses seasonally adjusted data and non-seasonally adjusted data.

Trucking 92

Trucking White Paper Procurement Analytics Trends 92

Logistics Viewpoints

APRIL 14, 2022

Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.

Supply Chain Planning Software 139

Supply Chain Planning Software Supply Chain Software Collaboration Supply Chains 139

Stord

NOVEMBER 13, 2024

According to a survey by the National Retail Federation, retailers can earn approximately 20% of their annual sales during the Black Friday to Christmas shopping period. BFCM by the Numbers Data from 2023 showed a record-setting turnout of 200.4 Put another way, only 3 out of 10 customers will complete the purchase.

Inventory Reduction 148

Inventory Reduction How To Cost Reduction Procurement Solutions 148

Material Handling and Logistics

JANUARY 3, 2018

The survey-based measure of factory activity -- the year’s second-highest behind September, when storm-related supply delays boosted the index -- brings the 2017 average to 57.6, Business sentiment has been high enough for long enough that it is actually starting to drive the ‘hard data’ in a positive direction.”. the best in 13 years.

Manufacturing Procurement 87

Manufacturing Procurement Factories Survey Purchasing Skills 87

Logistics Business Magazine

MAY 13, 2021

GreyOrange , a global software provider that leverages artificial intelligence, machine learning and smart robots to optimise fulfilment operations, has revealed the results of a new survey which shows that almost half (45%) of consumers across EMEA expect online orders to be delivered within two days.

Survey 36

Survey Procurement Solutions Purchasing Logistics Network Optimization Software 36

SYSPRO Smarter ERP

JULY 4, 2022

According to the recent SYSPRO global research survey, an enormous 82 percent of Fabricated Metal Manufacturers experienced supply chain and material handling disruptions over the past twelve months. Time-stamped data records can be integrated with a cloud ERP system to improve the ability to make decisions quickly and optimize operations.

Optimization Software 111

Optimization Software ERP Supply Chain Software Manufacturing Procurement 111

Ship Monk

FEBRUARY 3, 2024

These people are genuinely interested in your product — so much so, that they have purchased your products. These tools can be used to identify where the visitor came from, how long they stay, what pages they visit on your website or shopping platform, and whether they purchase anything. Show me how you can solve a problem for me.

eCommerce 105

eCommerce Tips Procurement Solutions Logistics Network Optimization Software 105

SYSPRO Smarter ERP

MARCH 21, 2022

SCM solutions provide oversight of materials and products, and their associated data, as they move through the supply chain from supplier to consumer. By gaining access to the data in these processes, businesses are better able to coordinate workflows, improve efficiencies, and ensure that customers get the product they ordered.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

Logistics Viewpoints

AUGUST 29, 2022

In the case of network-based risk management solutions, a network of users is connected to carefully curated real-time alerts generated by connections to a huge number of online publications, social media feeds, and third-party purchased data. One of the players in this market, Resilinc, is monitoring 105 million data sources.

Supply Chain Planning Software 127

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Software 127

Logistics Viewpoints

JUNE 12, 2024

According to a survey by McKinsey, 93% of supply chain executives plan to increase their investments in resilience, and 47% of them consider automation and digitization as the top priority. They also provide the vessel with access to real-time data, such as maps, charts, and weather forecasts.

Supply Chain Planning Software 157

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 157

Material Handling and Logistics

OCTOBER 15, 2018

While purchases at food-services and drinking establishments fell 1.8%, the most since 2016, most other major retail categories showed a gain, suggesting consumption ended the quarter on a solid note. Some businesses reported a positive impact from weather, and the bureau can’t isolate the monthly data at specific geographic levels, it said.

Purchasing Skills 74

Purchasing Skills Vendor Strategies Procurement Analytics After-sales 74

Logistics Viewpoints

NOVEMBER 18, 2021

Expectations for short delivery times, 100% fulfillment accuracy, and large product selection and availability have become a key deciding factor on which customers make their purchase decisions. The key here is in analyzing data in real time – tasks which are well suited for AI. Workforce Planning. Again, a problem well suited for AI.

Optimization Software 169

Optimization Software Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 169

Logistics Viewpoints

FEBRUARY 11, 2021

At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail. The Chief Supply Chain Officer (CSCO) has gained prominence as organizations tackle the disruption and prepare for a post-COVID world.

Manufacturing Procurement 144

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Procurement Solutions 144

FreightWaves SONAR

JUNE 5, 2023

Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Data Freight 52

Logistics Business Magazine

SEPTEMBER 13, 2022

Neil Adcock, Managing Director at Bis Henderson Consulting , reveals how to unlock the value hidden in returns data. To determine the appropriate returns strategy retailers need to understand what is going on and tapping into returns data may unlock some important insights. Getting hold of the data. Product feedback.

Data 54

Data Cost Reduction Purchasing Skills Sourcing Strategies 54

GlobalTranz

MAY 12, 2015

What’s key to making this work: big data visibility, flexible processes, and an agile ecosystem that can move swiftly to serve an increasingly fragmenting, but exceptionally demanding consumer base. Armed with industry knowledge, technology savvy, and purchasing power, customers control the sales cycle. The Customer Owns the Empire.

Manufacturing Procurement 97

Manufacturing Procurement Modeling Software Supply Chain Planning Software Digital 97

GlobalTranz

AUGUST 4, 2015

They should offer controlled and accurate data that is presented in a manner that speaks specifically to your organization's objectives and initiatives, producing KPIs specific to departments responsible for their consideration. Total Cycle Time. Infographic: Connecting the Dots to Optimize Manufacturing and Business Performance.

Manufacturing Procurement 99

Manufacturing Procurement Procurement Analytics Optimization Software Optimization 99

Logistics Viewpoints

MARCH 6, 2023

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. At a high level, what GEON does is purchase plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility.

Supply Chain Planning Software 157

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 157

GlobalTranz

OCTOBER 11, 2018

According to Randy Strang of Supply Chain 24/7, a survey of the most important parts of a shopping experience found customers’ expectations are more than meets the eye. Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone.

Inventory Reduction 74

Inventory Reduction Price Reduction Cost Reduction Supply Chains 74

Logistics Viewpoints

SEPTEMBER 7, 2022

Only through this extensive mapping can you see that it may be because there’s a Tier 5 supplier who is not able to get the rare earth mineral out of China that goes into the microprocessor (we purchase). The company had access to huge amounts of trade data, for example. We can’t get the data. But I was skeptical.

Supply Chain Software 134

Supply Chain Software Supply Chains Optimal Sourcing Procurement Solutions 134

Logistics Business Magazine

NOVEMBER 23, 2022

A survey series by the Logistics Hall of Fame in cooperation with the logistics insurance broker Schunk Group looks at the current risks facing the logistics industry and how companies are preparing against them. The survey shows the current mood in the logistics industry and is not representative of the industry as a whole.

Logistics Network Optimization Software 65

Logistics Network Optimization Software Supply Chain Design Software Buyer Training Purchasing Skills 65

GlobalTranz

OCTOBER 14, 2015

The software will allow you to digitally organize inventory data, monitor and manage shipping, and tracking information, and create electronic bills of lading or invoices with ease. Big Data Will Envelope and Empower all Other Supply Chain Technology Applications. Source: SupplyChainOpz.com.

Supply Chain Planning Software 104

Supply Chain Planning Software Supply Chain Software Supply Chain Technology Sourcing Strategies 104

GoShip Blog

JULY 14, 2022

A recent survey by SuperOffice found that 86% of customers are willing to pay a higher price just for a better experience. From the moment they consider purchasing your products/services to when they eventually make the purchase. It gives you the needed data to create buyer personas. Why customer experience matters.

How To 59

How To Purchasing Skills Survey Logistics Network Optimization Software 59