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During his tenure in the industry, he built innovative pricing and forecasting models, leveraging internal and external data sources to improve internal decision-making and increase profitability. Prior to joining DAT, Adamo led the pricing and decision science teams at FedEx.
Andrew Semisch and Joe Lynch discuss smart freight sourcing, which starts with an RFP tool purpose built for freight sourcing. Key Takeaways: Smart Freight Sourcing. In the podcast interview, Andrew and Joe discuss smart freight sourcing – which starts with an RFP tool purpose built for freight sourcing.
Mike is the Head of Intermodal Solutions at SONAR, the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector. Mike Baudendistel and Joe Lynch discuss the CPG supply chain.
Share carrier scorecards, send performance alerts, initiate pricing renegotiations, and even run procurement events like full network RFPs and seasonal mini-bids. GoodShip also helps carriers improve their efficiency and profitability by providing them with load-matching tools, real-time tendering, and other features.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
The still-persistent effects of the pandemic have made it clear that the skills and tools that characterize traditional S&OP are not enough to respond to unprecedented interruptions.
FreightWaves’ SaaS product, SONAR, is the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector. FreightWaves Events. Mary on Twitter. FreightWaves on LinkedIn. FreightWaves . Check Call.
Global supply chains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. China trade disputes, and natural disasters.
The COVID-19 pandemic and ongoing geopolitical shifts demonstrated the risks of relying on single-source suppliers and minimal inventory buffers. Consumer demand for ethical sourcing is also influencing corporate procurement strategies. AI-driven procurement tools streamline supplier negotiations, ensuring cost savings and efficiency.
Most supply chain and logistics teams have recognized that the only way to combat todays incredible level of uncertainty is by adopting and applying digital tools. The pace and scope of supply chain disruption are beyond human cognition, manual analysis, and consumer-grade spreadsheet tools. billion to $23.07
AI as a Predictive Tool AI-driven supply chain planning integrates machine learning, real-time data analytics, and external risk monitoring to anticipate disruptions before they materialize. This enables companies to adjust sourcing, production, and logistics well in advance of potential disruptions.
Edge Hardware: The battle for edge hardware also intensified in 2024, as companies sought to deploy AI capabilities closer to the source of data. The goal of these platforms is to provide a versatile set of tools for training, validating, and deploying AI models across a wide range of use cases. billion in funding.
Companies use risk management software , like the Interos solution, 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 an adverse event has occurred or may be about to occur.
Do we have a demand forecasting tool in place and, if so, how good is that forecast? The purpose of data aggregation is, on one hand, to minimize the number of records you’ll be working with and, on the other hand, to reflect critical business patterns: order prioritization, customer segmentation, sourcing logic.
Sphera said its tool gives businesses information regarding lead times for sourcing raw materials, risk events and real-time data on potential supply chain disruptions.
This means security companies working in multiple states need to track different requirements in each state they operate in, leveraging software tools where needed to ensure compliance. This is particularly important during periods of heightened security needs, such as holidays, major events or during peak business seasons.
Between company CRMs, sales and marketing tools, fleet and inventory management systems and more, companies have access to a lot of data. Data Activation (Puts Your Information to Work) Finally, a data warehouse can connect to BI tools, automation and analytics to deliver immediate insights.
We have all the connected planning data we get from blue Yonder, all of the product data we get from the product systems, all of the shipment information that’s coming in from the carriers, as well as risk information from Everstream and other sources. This was meant to be an internal tool for Lenovo.
Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk. Many product components are sourced from Asia, which experienced a major slowdown in production in early 2020. Supply Chain Faces Perfect Storm.
Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. The occurrence of any of these events disrupts the global supply chain and can deeply impact profitability. One event could create so much churn, Mr. Al Syed explained. trillion records from 47 data sources in the Cognite platform.
These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. And “it’s a great tool,” but there are more sophisticated, more accurate tools to do sourcing. About 82% that use advanced analytical tools, according to Supply Chain Quarterly.
Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.
business circumstances that would have more built-in variability and sources of chaos than the process of rebuilding communities after a disaster such as a hurricane or flood. It Isn’t About the Specific Tools. Each tool surfaced more detail, which in turn, challenged the next level. What They Achieved. Ask “What did they learn?”
Procurement professionals, if you are considering a transition from manual and Excel-based RF(x) to online automated e-sourcing platforms, here is the information you need to mitigate fear, uncertainty and doubt in your supplier base. Some platforms even prohibit multiple logins per account or event.
Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. If nothing else, the last few years highlighted the importance of sourcing strategically. Upcoming Recession? Price Volatility.
By harnessing data from various sources, businesses can gain insights into customer preferences, peak delivery times, and route efficiency. Live traffic updates, weather conditions, and even unexpected events such as road closures or accidents can significantly impact delivery efficiency.
There is limited value to running an outdated process faster, and that value drops considerably when significant portions of the process run outside the enterprise tools. Can the planning tool support analysis of the plan’s performance and variance while assessing different contingency plans to drive business outcomes?
Traditional planning tools often lack the agility to respond in real time. Digital twins bring enterprise-level visibility to network planning, allowing organizations to simulate new fulfillment strategies, evaluate sourcing risks, and prepare contingency plans that support both customer experience and bottom-line resilience.
To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.
Collaborative discussions can help identify relevant data sources and metrics that capture the end-to-end supply chain process and align with overall business goals. Data inventory and assessment: Conduct a comprehensive inventory of available data sources within the organization, including internal systems (e.g., sensors, RFID tags).
By leveraging these innovative tools, businesses can not only mitigate risks but also secure future growth and stability in an increasingly uncertain environment. IoT technology has become a critical tool for boosting visibility across supply chains. Adapting to Thrive One key technology driving challenge mitigation is a digital twin.
The challenge For many years, Amway had used a generic sourcingtool that only facilitated communications with the company’s carriers rather than providing access to a supplier database and a collaborative environment to conduct sourcingevents. We needed very little support,” says Clark. “We
FreightWaves’ news, content, market data, insights, analytics, innovative engagement, and risk management tools are unprecedented and unmatched in the industry. It will be a vibrant event with lots of really good speakers. FreightWaves’? We’ve got FreightWaves Live in Chicago in November. We’re launching FreightWaves TV soon.
Solace , a leader in powering real-time event-driven enterprises, has announced the results of an industry-first survey on event-driven architecture (EDA), shedding light on how organisations are striving to incorporate real-time data and event-driven architecture into their IT landscape. Improving customer experiences (44%).
In other words, if you put in “lean tools” (or complete a “black belt project”) only to see the results quickly eroding, then the technical tools, no matter how well you see them work elsewhere, are not going to help you. Anyone who has been though a classic “kaizen event” knows this.
Image source: Pexels | 7 Cost-Saving Tips Every Supply Chain Manager Should Know Managing costs effectively is crucial for success in the competitive supply chain world. This approach requires advanced planning and reliable forecasting tools, but it can transform inventory into a more fluid, cost-effective part of your supply chain.
In other forms of IoT, it’s common for enterprises to acquire IoT as a packaged system that includes IoT devices, controllers, software, and even vertical-market-specific tools, instruments, and vehicles. Step six is to select an event-handling strategy. Be sure that your event-handling can feed your database and data model.
Moving merchandise means contending with hurricanes, pandemics, geopolitical events, unexpected demand, human errors, labor shortages — and the list goes on. Single-source Shipping — A 3PL like ShipMonk can handle both incoming freight shipping as well as DTC or B2B shipments to end customers. Why is that?
But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.
Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM). This is an important time for the supply chain profession.
This promises to be a very eventful year. Moving past waste, water, and C02 reduction, they have begun searching for renewable energy sources, different forms of packaging, and increased efficiency overall. Governments are also relying on AIMMS-based tools to assess the costs and benefits of renewable energy subsidies.
Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. Buying organizations use this technology to monitor and analyze supplier risk events in real-time. I don’t need to know about Tier 2 events for my market suppliers. I have 1000s of them.
In September 2022, Macy’s rolled out its first-ever wood-sourcing policy for its furniture sales after more than 150 years in business. It requires the use of responsibly sourced wood or recycled or reclaimed materials. They estimate $223 million in cargo was stolen across all theft events in 2022.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. 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.
When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. We can say things have changed, and the pandemic is not just an anomaly event after all. Agility can come in different shapes and forms.
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