This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Predictive analytics, fueled by vast datasets including historical sales, market trends, and weather patterns, enables businesses to optimize inventory levels with precision, reducing overstock or shortages and ensuring customer satisfaction through accurate demand forecasting. AI’s role in sustainability is particularly noteworthy.
From balancing cost-efficiency with ethical sourcing to enhancing transparency and integrating corporate social responsibility (CSR), businesses face mounting pressure to align their operations with sustainability, technology, and energy practices. The energy sector provides a compelling example of CSR-driven compliance.
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.
By maintaining specific temperature conditions, the cold chain ensures that everything from perishable foods to beverages remains in optimal condition until they reach the hands of consumers. To illustrate this better, imagine the following example: a perishable food supply chain.
For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. There are several business processes that an ERP must have to support automotive distribution.
We had the pleasure to speak with Willem Vesters, Liberty Global’s VP Global Supply Chain Planning, to learn more about their optimization journey. These are all the set up boxes we use in the customer’s house, cable boxes and modems for example. If you’re still in denial as a company, you can’t improve. That’s a good question.
Image source: Pexels | How can Lean Logistics Transform your Company? The Lean method was created by the Japanese company Toyota with the aim of optimizing manufacturing flows and eliminating everything that generates errors, delays, and bottlenecks. All professionals remain focused on the same objective.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
Forward-thinking supply chain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. At its core, digital transformation is about using technology and data to change the way business operates rather than just improving it.
Current and future applications have the potential to provide new methods of value creation and sources of revenue streams for companies in the digital age. 11 Improvements by the Deployment of the Internet of Things in the Supply Chain. Improve service levels. Improve quality levels in real-time. equipment uptime.
Now more than ever, organizations must prepare their supply chain 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 supply chain design.
What Celanese has accomplished is the single best example ARC is aware of employing agentic AI and copilots at scale. He also spoke at the ARC forum in 2023, and this article is based on that presentation as well. trillion records from 47 data sources in the Cognite platform. Celanese is an exception. Celanese has 2.5
Nor did they talk about executive bonuses or using excess cash for stock buybacks to raise the price of outstanding stock rather than investing that money into developing new aircraft; improving existing products or processes; or distributing that profit as dividends to the shareholders. Continuous improvement as a way of life.
The transition has taken place so swiftly that some companies may still need to fully grasp the present or future possibilities to exploit distribution performance as a competitive advantage. A good KPI dashboard can show you for example, the difference between planned and actual kilometers for each route.
Examples of Supply Chain Robots at MODEX 2024 Several exhibitors at MODEX 2024 showcased their innovative solutions for supply chain robotics, demonstrating the diversity and potential of this field. Here are some of the examples that caught our attention.
We had the pleasure to speak with Willem Vesters, Liberty Global’s VP Global Supply Chain Planning, to learn more about their optimization journey. These are all the set up boxes we use in the customer’s house, cable boxes and modems for example. If you’re still in denial as a company, you can’t improve.”
For example, the manufacturing sector in Australia is one of the top three heaviest carbon emitters within the country. Achieving this environmental mandate presents an opportunity for manufacturers in Australia and beyond to increase their innovation, competitiveness, and resilience. The pressure to confront climate change.
If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.
For example, take an area of the supply chain that has had this form of technology applied to it, quite successfully, for many years – route optimization. . Take Gato from DeepMind, a division of Alphabet, as an example. We can leverage the technologies present today to enhance exception identification and management.
Georgia-Pacific (GP) has demonstrated an application of Causal AI to dramatically improve touchless commerce. However, complex process manufacturing presents a much more difficult ATP problem than is typical in discrete industries. Using words to describe Causal AI only takes you so far. Before working with GP, Parabole.ai
Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". For example, in one Indiana case, Tyler Pipe Industries, Inc. Battle of the Forms: Will You Win, Lose or Draw?
Common issues include: Lack of data-source integration. The ability to gather and compare data from multiple sources is vital to making real-time decisions. Storage costs increase significantly when you duplicate data across multiple sources. In recent years, the amount of data available to most companies has exploded.
My team and I work on developing and furthering our supply chain and operations by providing a centralized analytical perspective – we work on improving fulfillment models, applying analytics, improving productivity and output at our warehouses, and optimizing our operations. Image source: Peapod.
in turn, is a boutique procurement consultancy. The main take aways from the presentation earlier this year were the following: The auto industry has made supply chain risk management a priority since the Fukushima nuclear disaster in 2011. Autoliv is the largest supplier of safety systems to the automotive industry.
For example, before the pandemic, companies could get by with analog machines, paper-based systems, and disconnected point solutions. And scheduling must be precise and optimized — you want to use every available minute to ensure that machines are never sitting idle. Manufacturers need a single source of accurate information.
When correctly employed, supply chain automation can save precious money and time, improve your business’s productivity, and prepare it for the future. With improved information sharing also comes greater communication between departments, reducing instances of duplicated work across the business. Improved customer experience.
My team and I work on developing and furthering our supply chain and operations by providing a centralized analytical perspective – we work on improving fulfillment models, applying analytics, improving productivity and output at our warehouses, and optimizing our operations. Image source: Peapod.
Chatbots for example assist users with self-service options to get instant answers without the need to interact with human agents. A supply chain portal is a centralized location where organizations and their customers or suppliers can exchange knowledge to provide a secure, transparent source of information.
Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance. For example, Amazon’s Whole Foods business is now incrementally charging for delivery to offset increased delivery costs. Online buying will fuel home delivery growth, challenges and new strategies.
Indeed, the transition has taken place so swiftly that some companies may still need to fully grasp the present or future possibilities to exploit distribution performance as a competitive advantage. In reality, it would take several rounds of fine-tuning to get all the orders sorted into routes without leaving any vehicles underutilised.”
The new AI revolution presents a great opportunity for manufacturers to retain their staff and attract younger employees by providing new skills for the future world of business where the role of AI will play a greater part. While AI is going to help with some current challenges, it will also present new problems.
Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement.
This coincides with a Wall Street Journal article from earlier this month ( Rising Freight Costs Are Weighing on Companies’ Profits ) that provided similar examples, including “cardboard maker Packaging Corp. Leading Practices in Transportation Procurement. Make Better Logistics Sourcing Decisions with Data-Driven Optimization.
Retailers are hungry for supply chain innovation Attendees flocked to the innovation showcase stage presentations on Tuesday afternoon to hear companies give five-minute pitches. Roadie presented its “on-the-way” delivery service that uses extra space in passenger vehicles for flexible shipment options.
In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the Supply Chain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations.
The growth of your company is exciting, but expansion can present many new challenges. When processes are standardized, they can be better optimized. Ability to Optimize Across the Operation ERP software reaches almost every part of a business. Orders are up, business is booming, and your manufacturing operation is expanding.
The usual themes were still very present as solution providers and retailers alike were more than happy to talk about omni-channel, mobility, robotics, and machine learning, to name a few. This year, a recurring theme that I saw was about using supply chain data to improve the customer experience across the entire value chain.
And how are advancements in technology helping to improve this important capability? Now there are new technologies that enable us to collect data in real time from sources such as the Internet of Things and smart devices through B2B networks. More Focus on Improving the Customer Experience.
But before you can overcome the challenges borders present in last-mile delivery, its crucial that they better understand what youre up against. For example, some locations require age verification for alcohol or pharmaceutical deliveries, while others impose strict time restrictions on when deliveries can be made.
Procurement then pulls together a summary file with the vendors’ different scores for the supply chain decision maker to evaluate. Let’s take some examples. . Let’s continue to explore the question about the number of statistical models, mentioned in the example above, and turn that into a capability instead.
Mr. Elenjickal focused on the three main areas where FourKites is looking to improve connections across supply chains: geos, teams, and ecosystems. Companies are sourcing materials from all over the world, and need to identify those regions which are most important, and which provide the greatest risk for disruptions. According to Ms.
Pop up warehouses, micro fulfillment centers, and warehousing-on-demand are all examples of how the nodes are becoming increasingly dynamic. Just a handful of optimization and operations research experts ran models of the network and made recommendations. Sustainability initiatives can benefit through optimizing the carbon footprint.
A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. Presently, their major focus lies on local production, warehousing and strategic sourcing. For example: poor quality, high costs, high lead time, supplier communication.
Inventory tracking and visibility must be present from the first mile through the final mile, reflecting the entire shipment lifecycle through white glove services. Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. Take an example. Learn More.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content