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The modern supply chain is a complex network of suppliers, manufacturers, distributors, and customers, all interconnected and reliant on a shared ecosystem of trust and accountability. As industries evolve and global markets expand, ethical considerations have become central to supply chain compliance.
Supply chain teams face a similar dilemma – companies are overloaded with vast amounts of data, and the ability to sift through the noise and focus on relevant insights has become a critical capability. Decision-makers must operate with agility and speed, often orchestrating complex scenarios across vast supply chain networks.
Part of their transformation includes a journey to implement and improve their connected planning capabilities. Connected planning, based on the Anaplan solution, improves both their profitability and their service capabilities. Tata Steel Europe has a complex supply chain. So, what is “connected planning?”
Artificial Intelligence (AI) is transforming logistics and supply chain management, driving an era of heightened efficiency, innovation, and sustainability. The future of AI in logistics promises even greater advancements, with emerging trends pointing toward a more intelligent, responsive supply chain.
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.
When companies want to digitally transform their supply chain capabilities, moving to an integrated business planning process (IBP) is often at the heart of the transformation. The roots of IBP are in sales & operations planning (S&OP). Mr. Sorenson has studied integrated business planning for many years.
It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends. In this blog, I will explore the use of AI/ML inventory planning for fresh products to optimize sales while minimizing waste and stockouts.
For example, if an employee works 40 hours at regular pay plus 10 hours of overtime, they will not pay federal income tax on those overtime hours. Supply chain: Proposed tariffs on foreign imports could lead to increased costs for uniforms, supplies and equipment.
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.
It’s not a short list, so we’ll set it down here as a summary to help you with plans for analysis. “What-if” data: Scenario simulation to assess the impact of design options under various conditions. Fixed costs: Distribution centre fixed costs, such as rent, utilities, and equipment.
Given that we are a data-driven (math-loving) company, we wanted to test this range by running some scenarios to see what kind of results companies can expect across a variety of verticals. When the models are built, running scenarios with these large businesses can be a lot of fun. Looking into opportunities. Summing up.
Recent supply chain 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.
Has your company ever suffered problems with, implemented, or even considered implementing a sales and operations (S&OP) planning process? More to the point, though, for S&OP to be effective, it matters not whether a company uses Excel spreadsheets or the latest best-of-breed sales and operations planning software.
In February 2023 I wrote the article What Does 2023 Have In-Store for Global Supply Chains? It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supply chain and logistics executives. Meanwhile, labor constraints are as binding as ever.
Large swings in supply and demand for different product categories and changes in distribution patterns left logistics managers grappling with the biggest challenge of their careers. Increased lead time accuracy reduces risks involved in transportation and logistics, improving your overall supply chain.
It was a pleasure to attend this month’s Supply Chain Insights Summit in Philadelphia. The conference, organized by Supply Chain Shaman Lora Cecere and her team, was structured around a compelling theme: “imagine the supply chain of 2030.” It’s clear that industry professionals recognize that supply chains: .
In February, Klaus Niebur, the director of global supply chain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supply chain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. in turn, is a boutique procurement consultancy.
For example, numerous ports are still severely congested today. years on planning and operating through a hub model. For sure, these three carriers have plans on improving the cargo fluidity despite the current shipping environment. Forecasting for advance planning. How can the congestion effects can be mitigated?
Supply chains are evolving fast. To keep up with the fast pace of supply chain evolution it is important for supply chain planners to upgrade their skills and step up their business planning and forecasting techniques. It is about creating a planning process that is agile and flexible enough to integrate future events.
A fleet management system is a fundamental tool in the planning and operational control of the logistics sector. The opportunities for improvement when using this system include: Real-time location tracking of each vehicle; Analysis of drivers’ behavior in relation to what was planned and what happened.
The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. In the supply chain, problems are often overcomplicated. However, manufacturers, 3PLs and others in the supply chain often get lost in the details. That’s not true. Trouble finding skilled labor”.
Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Many of the leading ERP and supply chain software vendors have customer events in various countries around the world.; Where Does Supply Chain Design End and Planning Begin?
Given the many aspects of retail operations outside a business’ control—from supply chain disruptions and labor shortages to inflation and interest rates impacting both operational costs and customer behavior—the fulfillment challenge this peak holiday season is acute.
Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Fully 70% of companies say their supply chain is either very or extremely complex and only 6% of companies have full visibility within their supply chains.
The following is an opinion article on AI in supply chains, 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, supply chains. AI in Supply Chains: We Need to Change Our Focus.
When applied to logistics, this method has the potential to revolutionize the supply chain and generate great benefits. In the Lean methodology, the activities of the supply chain are organized and standardized with a focus on process efficiency. There is no inventory. 3PL Inventory Management: Inventory is the bane for many companies.
In a freewheeling interview, Patrick Van Hull, Industry Thought Leader with Kinaxis and Steve Banker, VP, Supply Chain Service at ARC Advisory Group, discussed the changing vocabulary in supply chain management and the concepts attached to them, the distinction between various terms, the impact of COVID on supply chains, and concurrent planning.
For supply chains, this advancing technology enables the building of a framework in which rapid responses and solutions in an increasingly intricate network can be designed and implemented quickly and easily. 11 Improvements by the Deployment of the Internet of Things in the Supply Chain. equipment uptime. Improve service levels.
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.
Today, they are looking to expand their use of AIMMS for other planning capabilities. 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 days, I head up the Supply Chain Planning division at Liberty Global.
Risk permeates supply chains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supply chain management, but supply chain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks. In the short-term future.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. Transitioning from legacy systems presents hurdles that add to the true cost. Below are some tips for presenting your request to your supervisor.
Chemical manufacturers collect and use a lot of data in their supply chain. Taking advantage of a Managed Services solution can assist in better managing and using your data in your chemical supply chain. Taking advantage of a Managed Services solution can assist in better managing and using your data in your chemical supply chain.
For example, in the future, staff scheduling need not be handled by employees, but rather can be carried out by intelligent software tools via data processing. “Our basic principle is that each system must be planned and implemented in an ecologically, economically and socially acceptable manner,” insists Harald Schröpf.
Many major challenges of 2021—capacity constraints, ecommerce growth and driver shortage—are rolling over into 2022 and, in addition, the environment and machine learning are becoming more important for logistics and supply chain professionals. Global supply chains will be busy, congested and chaotic. Here’s what to look for in 2022.
3 min read Supply chain optimization is crucial for businesses to enhance efficiency, reduce costs, and improve customer satisfaction. By leveraging technology, data analytics, and innovative strategies, companies can streamline their supply chains and achieve significant improvements.
And while this market does not lend itself to a silver-bullet solution, there are things shippers can do to keep their supply chain afloat: Be open to hyper flexibility. A good example of how this plays out is in the case of congestion at the Port of Oakland. Prepare for ultra-prioritization. Don’t dismiss historical data.
There have been product shortages, supply chain disruptions, and often times, a pullback in investments in research and development. In fact, the company is pledging to push harder in those efforts as it reimagines the supply chain of the future. Angove’s keynote was a deep dive on how the company is planning to invest in innovation.
Cardinal Health’s senior vice president of global logistics, said of their implementation of the Kinaxis’ supply chain planning (SCP) solution, “I was scared! Pete Bennett, and his co-presenter, Mary Byrne, the vice president of supply and demand planning, spoke during a presentation at Kinaxis’ user conference Kinexions.
Well, not just for benchmarking, but also for maximum visibility of your supply chain and logistics performance. In answering that question, we’re not going to provide you with a list of possible supply chain KPIs to use in your business—at least, not in this article. How hard can that be?” I hear you ask.
While your company undoubtedly has sustainability on its supply chain agenda, creating momentum can be tricky in what is after all, a fairly new way to approach performance improvement. How to Develop a Sustainable Supply Chain. The good news is that there are multiple benefits attached to developing a sustainable supply chain.
I’ve said it before (right here in Logistics Viewpoints), but it’s worth repeating: the digital transformation of our complex global supply chains is an ongoing journey. The entire supply chain industry was caught flat-footed by the seismic disruptions wrought by the pandemic. Why is this shift such a big deal? Lesson learned.
Supply chain software is changing. As someone who has worked in supply chain for over 20 years, I’m very familiar with Requests For Information (RFIs) and Requests for Proposals (RFPs). Procurement then pulls together a summary file with the vendors’ different scores for the supply chain decision maker to evaluate.
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. The chemical industry has a complex supply chain. Celanese is an exception. Their plants are very expensive.
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