SYSPRO Smarter ERP

OCTOBER 6, 2021

The common themes around manufacturing trends point to these changes. Manufacturers thriving on data. Customers pay for the use of equipment through recurring operating charges rather than purchasing outright. In a digital factory, artificial intelligence (AI), business process management and analyzing data are integrated.

Manufacturing Procurement 111

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Modeling Software 111

FreightWaves SONAR

APRIL 2, 2021

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

Purchasing Skills 98

Purchasing Skills Optimal Sourcing Sourcing Data 98

FreightWaves SONAR

DECEMBER 21, 2020

This week, learn how freight market participants are predicting shifts in the freight market that may occur with changes in retail sales trends using the SONAR index, Retail Sales with the ticker name of RESL. The RESL index is a monthly measurement of retail sales trends provided by the U.S.

Trends 98

Trends Freight Demo Purchasing Skills 98

EazyStock

DECEMBER 17, 2019

Intro to 2020 Supply Chain Management Trends. Throughout the last decade, the main trends were digitization and globalization. 2020 supply chain management trends will further these shifts. 2020 supply chain management trends will further these shifts. Greening” the Supply Chain.

Supply Chain Software 81

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 81

Logistics Viewpoints

MAY 13, 2024

The public cloud gives Coupa visibility to $6 trillion in transactional data that passes through their platform. “15 15 years ago, Coupa got customers to agree they could leverage their data for the benefit of the community,” Ms. This solution provides for purchase order collaboration. The best data makes for the best AI.

Procurement Solutions 147

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 147

Logistics Viewpoints

AUGUST 18, 2021

Certainly, supply chain constraints are a partial cause of the current above trend inflation. Data as recent as the end of June 2021 show that inventories remain below 1.3 With that said, let’s take a look at some recent and more granular data on sales, prices, and supply chain performance. I question if this is a data anomaly.

Supply Chains 197

Supply Chains Manufacturing Procurement Purchasing Skills Price Reduction 197

Logistics Viewpoints

OCTOBER 18, 2023

The World Trade Organization publishes lots of insightful data on global trade – including trade indexes. The third trend is that global trade growth appears to be gradually slowing. Manufacturing Purchasing Managers Indexes The J.P. Output rose in 8 of the 29 nations for which data was available.

Manufacturing Procurement 178

Manufacturing Procurement Purchasing Skills GEP Price Reduction 178

SIPMM Professional Publications

JULY 28, 2020

The landscape of maritime is shifting with the trends that are emerging do so out necessarily. Smart shipping, shipbuilding, big data, propulsion, advanced materials and analytics, sensors, robotics and communications in conjunction are all having monumental shifts in maritime industry are approaching new challenges and opportunities.

Maritime 109

Maritime Logistics Network Optimization Software Security Procurement Analytics 109

SYSPRO Smarter ERP

FEBRUARY 15, 2023

This can occur both upstream and downstream, moving downstream, typically include raw materials suppliers, the intermediate manufacturers who turn raw materials into usable components, the assembly phase of manufacturing , distribution networks to store and move products, and end customers who purchase and use manufactured goods.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Material Savings Resource Reduction 105

Logistics Viewpoints

SEPTEMBER 21, 2023

For those unsure of what EDI is, it stands for electronic data interchange, is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders, advance ship notices, and invoices. How does EDI enhance data accuracy and integrity in supply chain transactions?

Supply Chain Software 144

Supply Chain Software Supply Chains Cost Reduction Operations 144

Logistics Viewpoints

OCTOBER 17, 2024

Four key reasons why suppliers are critical for managing direct spend Innovation and Product Development: Suppliers often have deep knowledge about the materials, processes, and industry trends that can drive innovation.

Supply Chain Planning Software 144

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 144

Logistics Viewpoints

AUGUST 1, 2024

By embracing collaboration, real-time data, and a focus on sustainability, companies can build resilience, improve margins, and gain a competitive edge. Finally, the company collaborates closely with local suppliers, sharing real-time data on production requirements and inventory levels. Nari Viswanathan is Sr.

Supply Chain Design Software 165

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

SYSPRO Smarter ERP

MAY 2, 2024

ERP trends 2024 – achieving business success through the use of innovative technologies Now that Artificial Intelligence and Machine Learning are firmly established, we expect to see a massive take-up of these technologies by manufacturers in 2024. The other emerging area around AI in ERP focuses on trend analysis and forecasting.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. Read also: Revolutionizing the Industry: Discover the Top 3 Logistics Trends for 2023! What are the company’s goals?

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

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

Logistics Viewpoints

JANUARY 11, 2023

In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. Top Five Transportation Trends ; Chris Cunnane. In my presentation, I highlighted five key transportation trends that are changing supply chains from a technology standpoint.

Supply Chain Planning Software 148

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 148

Material Handling and Logistics

JANUARY 10, 2018

A look at the supply chain trends and technology that will come into play in 2018. While predicting the future is never an easy task, in order to be competitive all businesses need to be able to accurately anticipate what trends will affect them in the coming year. Kristi Montgomery, VP of innovation, Kenco. Investing in Innovation.

Supply Chain Design Software 144

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

SYSPRO Smarter ERP

MARCH 15, 2023

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. To manage this delicate balance of demand and supply, manufacturers often use statistical forecasting techniques to predict future demand by looking at historical sales data.

Manufacturing Procurement 105

Manufacturing Procurement Procurement Analytics Supply Chain Planning Software Procurement Solutions 105

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. It is also important to consider qualitative data.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. It is also important to consider qualitative data.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

Logistics Viewpoints

JUNE 8, 2022

These current factors, in addition to the atypical activity of the recent past (whipsaw demand pattern), render time-series trends less relevant than in more stable environments. So, what methods can we apply to better gauge future trends? Qualitative Review of Explanatory Variables. Review of Prior Impactful Events.

Scenario Planning 149

Scenario Planning Analysis Events Purchasing Skills 149

Material Handling and Logistics

SEPTEMBER 17, 2018

As retailers across the globe struggle with demands for both personalization and convenience, balanced with consumer skepticism on data privacy, JDA Software, Inc., and Centiro explored consumer trends in key markets in its 2018 Global Consumer Survey, released on Sept. with 23% of those using them to make purchases.

Procurement Solutions 116

Procurement Solutions Logistics Network Optimization Software Survey Vendor Strategies 116

Logistics Viewpoints

AUGUST 28, 2024

Data Collection Accurate data is critical to the success of any DPP. Consistent, trusted data ensures the DPP reflects the true lifecycle of the product. Therefore, businesses need reliable and robust systems to capture and maintain this data. What Components Comprise a Digital Product Passport?

Optimal Sourcing 150

Optimal Sourcing Optimization Software Supply Chain Software Optimization Modeling 150

Logistics Viewpoints

MAY 26, 2022

The percentage of purchases made and fulfilled through digital commerce has exploded in the past two years, advancing a pre-pandemic trend by as much as 10 years according to some industry watchers. Automate, automate, automate – This is not a new idea or trend.

Supply Chain Software 175

Supply Chain Software Optimal Sourcing Supply Chain Design Software Logistics Network Optimization Software 175

Logistics Viewpoints

JULY 17, 2024

Erwin highlighted the importance of real-time data accuracy and visibility. People, technology, and data are very important for their journey. The importance of employee ownership in driving cultural transformation and their acceptance of data-driven decision making within the organization was also emphasized.

Digital 159

Digital Procurement Analytics Manufacturing Procurement Modeling Software 159

The Logistics of Logistics

MAY 27, 2019

12:30] Tell us about some of the trends you think are going to impact the industry over the next five years. 19:57] One trend I’ve seen over the past ten years is that the shippers didn’t necessarily have to pick a 3PL based on technology and investment. I hope that the ability to integrate different data systems gets better. [30:05]

Supply Chain Planning Software 186

Supply Chain Planning Software 3PL Supply Chain Software Logistics Network Optimization Software 186

FreightWaves SONAR

APRIL 16, 2024

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

Purchasing Skills 52

Purchasing Skills Optimal Sourcing Sourcing Data 52

SYSPRO Smarter ERP

MAY 30, 2022

Using ERP to improve purchasing transparency. Purchases that are made outside the defined procurement process fall under dark purchasing. This may happen if someone with purchasing authority neglects to submit expenses properly. Data-driven decision making with ERP as a single source of the truth.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 105

SYSPRO Smarter ERP

NOVEMBER 18, 2024

An ERP system is a valuable asset for automotive distributors looking to leverage the data they create and use. An ERP provides a central repository for all a distributor’s data. The data can be used to identify inefficiencies in the supply chain, improve inventory management, and streamline operations.

ERP 98

ERP Optimal Sourcing Purchasing Skills Inventory Reduction 98

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 165

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 165

Material Handling and Logistics

OCTOBER 30, 2018

It’s not news to anyone that digitization is a roaring trend and I’m here to say: embrace it. 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.

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 161

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 161

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 fact, IT spend as a percent of business capex crossed over the prior ~10 year average in 2019 and we see that trend extending in early 2020.”.

Supply Chain Software 169

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 169

Logistics Business Magazine

DECEMBER 8, 2022

Ralf Duester, member of the board of the SCM software specialist Setlog, shows which trends will shape the year 2023. His statements are based not only on numerous conversations with economic experts and scientists, but also on data from Setlog customers who use the SCM tool OSCA. Data silos hinder successful business.

Supply Chain Planning Software 61

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Purchasing Skills 61

3PL Links

JANUARY 14, 2024

The Main Supply Chain Trends for 2024 | Image source: Flickr.com The supply chain will have a difficult time adjusting to a world that is changing rapidly in 2024. In 2024, risk mitigation, supply chain control, and operational resilience will all depend on data analysis and information visibility.

Supply Chain Software 48

Supply Chain Software Supply Chain Planning Software Supply Chains Trends 48

EazyStock

JULY 22, 2021

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Identify trends. If you analyzed the historical sales data of every product in your warehouse, you’d find that the demand for different items varies considerably. Inventory Demand Trends.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

Logistics Viewpoints

JUNE 8, 2023

Building an in-house solution requires continuous effort to keep it updated with evolving technology, industry trends, and company needs. While the initial purchase cost of an existing platform may appear higher, the added benefits, scalability, and efficiencies it provides ensure lower costs over the long term and higher lifetime value.

Modeling Software 137

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 137