Sat.Oct 06, 2018 - Fri.Oct 12, 2018

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How Smarter Businesses Plan to Forecast Demand

Unleashed

When many businesses forecast demand, even the most studious companies will not get it 100 percent accurate, instead of perfection, the focus should be on minimising errors. Planning is one of the core functions of supply chain management that can help minimise errors and thus increase the accuracy of forecasting demand. Understanding and predicting customer demand is vital for businesses to avoid stock-outs, maintain adequate inventory stock levels and increase overall profitability.

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Can S&OP become more continuous? Automation is key.

ToolsGroup

Sales and Operations Planning (S&OP), a process often focused around a monthly meeting, is evolving into a more continuous process. A recent whitepaper by supply chain planning and optimization firm Optilon explains why and how. S&OP is a process where decisions are traditionally made once a month as a part of an executive review. But the infrequent nature of the decision making often leads to a gap between S&OP and operations.

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5 Ways an Omnichannel Supply Chain Strategy Can Improve Customer Experience

GlobalTranz

The importance of an omnichannel supply chain strategy cannot be overstated. 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.

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Autonomous car technology and the Self-Healing Supply Chain

Kinaxis

by Jonathan Lofton I recently rented a car featuring steering assist and intelligent cruise control. Now, I’m used to driver assist technologies as my vehicle has blind spot warning and front and rear collision warning, and braking. My wife’s car has a heads-up display as well as steering wheel vibration when you stray onto the lane lines, but when driving this rental, I felt the car was actually steering itself back into the lane when it drifted astray.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Assessing Tobacco’s Global Environmental Footprint

SCM Research

“Cigarette production and consumption have seen dramatic growth in recent decades and although the health effects of smoking are widely recognized, its impacts on the environment are largely overlooked”, the authors of a new World Health Organization report argue, which is titled Cigarette Smoking: An Assessment of Tobacco’s Global Environmental Footprint Across Its Entire Supply Chain (pdf).

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Tips & Best Practices for E-Commerce Shipping in Each Over-the-Road Shipping Mode

GlobalTranz

Demand for e-commerce capability is increasing. E-Commerce requires intense coordination between supply chains and an understanding of how to achieve maximum efficiency in all modes of transportation, explains BigCommerce.com. When it comes to over-the-road (OTR) shipping, e-commerce becomes even more difficult, requiring advanced knowledge of various carriers, rates, HOS regulations, the ELD mandate and more.

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How Prescriptive Analytics Shapes Business Transformation and Supply Chain Social Responsibility

River Logic

Growing up in a small oilfield town, we didn’t have a McDonald’s; we had Joy’s Grill. Joy, the owner, and his wife, Wanda, ran a straightforward automated operation in their diner with one row of booths and a counter open to the grill. She took the orders and yelled out “mash one,” which queued Joy to throw another patty on the grill. He finished the order, Wanda served, and whoever had a free hand, rang up the checks at the register.

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SupplyChainBrain awards PINC as Great Supply Chain Partner

PINC

Leading supply chain and logistics publication includes PINC, the leading provider of real-time digital inventory solutions, to its annual list of 100 Great Supply Chain Partners.

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This Week in Logistics News (October 8-12, 2018)

Talking Logistics

The VP of Supply Chain and Logistics at our house (aka my wife) has been out of the country this week. This is the first time in many years that I’ve had to assume all of her responsibilities in managing the complex operations of a house with three kids (our oldest child is in college, which you would think would make things easier, but she lost her prescription eye glasses, so I had to pick up a new pair at the store, box them up, drive to the post office, and stand in line to mail them to her.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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The Role of Final or Last Mile in E-Commerce to Effectively Deliver Freight to Your Customer

GlobalTranz

Final mile and last mile both referred to the final stage of delivery, and the use of last mile in e-commerce can mean the difference between a positive customer experience and a return. Simply not delivering a package on time will dramatically increase the rate of returns, and poor last mile in e-commerce delivery can contribute to increasing logistics costs.

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Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

As recent events demonstrate, science fiction often turns into science fact. Jason Koebler and Joseph Cox explain, “In the 2015 novel Ghost Fleet , the spark that starts World War III is not a nuclear bomb, but a supply chain hack. In the book — which is based on real-life technology, technical papers, and diplomatic meetings — national security and international relations expert Peter W.

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Automating Arrival Notifications with AIS & Artificial Intelligence

Supply Chain Network

Since the inception of EDI (Electronic Data Interchange) in the early 1970’s logistics professionals have always taken for granted the accuracy of EDI tracking transactions sent for various activities across their global supply chains. But this may need to be rethought now that Satellites and AIS technology are being applied, and are capturing the “truth” about these activities, by monitoring actual ship movements and by comparing this to the related EDI arrival transactions fo

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Hurricane Best Practices for Your Supply Chain

Elementum

Hurricane Michael is approaching Florida via the Gulf Coast, threatening to rise from its current Category 1 status before making landfall on Wednesday. Just like with last month's Hurricane Florence in the Carolinas, Michael is going to bring storm surge, heavy rains, and severe winds throughout the state. A state of emergency has already been declared in 26 counties, and residents and businesses in the storm's path are on high alert.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Hurricane Michael could bring spike in FEMA freight

DAT Solutions

Hurricane Michael has made landfall with the Florida panhandle as a very scary Category 4. That is the second-highest category, with winds of 130 to 156 MPH. You can imagine what kind of damage that can do to buildings and highways, let alone a truck, so if you are in or near the Gulf Coast of Florida or Alabama, or anywhere in the path of the storm, PLEASE seek shelter and make safety your one and only priority.

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TMS Strategies for Delivering Savings and Performance

TMC

Last week, I had the opportunity to speak again at CSCMP’s annual global conference, which focused on providing attendees with real-world strategies to maximize and transform supply chains. With 3,000+ attendees and 100 sessions at the event, the content addressed a wide range of supply chain opportunities and challenges. TMC’s participation included two different panel discussions; one was an overview of our Truckload Leader or Laggard research with MIT, which you can learn more about in my pre

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3 Key Steps to Improving Packaging Efficiency

CHAINalytics

An organization’s packaging operation provides an excellent starting point for driving warehouse efficiencies and should be considered as a major contributor to your supply chain performance. Packaging inefficiencies often lead to a number of issues that can quickly accumulate into a hefty bill. Here are a few steps your organization can take to avoid costly … The post 3 Key Steps to Improving Packaging Efficiency appeared first on Chainalytics.

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Demand Forecasting Analytical Methods: Fit Vs. Predict

Arkieva

How to determine when to use a best-fit analysis and when to use prediction techniques for demand forecasting analysis. Demand Forecasting Analytical Methods: Fit Vs. Predict was first posted on October 10, 2018 at 11:45 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Van freight stabilizes in early October

DAT Solutions

Spot market line haul rates are now only 5% higher for vans now than they were a year ago, rising from $1.74 to $1.83 per mile not including the fuel surcharge. And the number of van loads that have moved in early October is nearly identical to 2017. You’d expect this season to be more different from early October 2017, when Hurricanes Harvey and Irma still had a massive impact on supply chain operations.

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Hurricane Best Practices for Your Supply Chain

Elementum

Hurricane Michael is approaching Florida via the Gulf Coast, threatening to rise from its current Category 1 status before making landfall on Wednesday. Just like with last month's Hurricane Florence in the Carolinas, Michael is going to bring storm surge, heavy rains, and severe winds throughout the state. A state of emergency has already been declared in 26 counties, and residents and businesses in the storm's path are on high alert.

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Strategic Realignment Enabled by Distribution Optimization for Department Store Chain

CHAINalytics

Realizing the benefits of a continuous engagement, a leading department store chain partners with Chainalytics to strategically realign their distribution network in order to remain competitive in an evolving retail environment. The strategic business challengeAs one of the most rapidly changing industries, retail is in an era of significant transformation.

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Addressing UN Sustainable Development Goal 5: Steps to Promote Gender Equality in the Supply Chain

EcoVadis

In 2015, the world got one step closer to a better future when 193 countries committed to the UN’s Sustainable Development Goals (SDGs), a framework for addressing the global community’s most critical economic, social and environmental challenges. These goals aim to eliminate poverty and hunger, promote global access to healthcare and education, protect earth’s natural resources, achieve gender equality, and more.

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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China's Chip Hack on US Supply Chain Could Have Far-Reaching Consequences

Material Handling & Logistics

The supply chain attack could have siphoned corporate secrets and government information while leaving few fingerprints. This week there was a blockbuster Bloomberg Businessweek report about U.S. investigations into a digital attack that involved planting snooping devices in the kinds of circuit boards used by Amazon, Apple, the U.S. government and other important organizations.

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What You Need to Know About Demand Forecasting

Unleashed

Demand forecasting is the process of estimating the number of products that customers will be willing to purchase in the future. It involves leveraging data and analytics about your product and the market to closely predict customer demand over a particular time frame. It’s a crucial aspect for many companies and inherent in more reliable demand forecasting is demand planning.

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Rating and Evaluating Suppliers and Vendors: Benefits and Best Practices

Insights Solutions Global

What to do if you want to reduce risk, reduce cost, and improve supplier performance in the supply chain? Assessing or evaluating your suppliers could be a good place to start. And how you can assess your suppliers?

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How Data Drives Corporate Sustainability

EHS Sustainability Knowledge at Work

The digital revolution is enabling a transformation of systems and processes, making organisations leaner, greener and more able to respond to market changes. Innovations such as machine learning, artificial intelligence (AI), mobile payment systems, and satellite imagery, have been widely adopted for good reason as companies across sectors aim to take advantage of new customer desires and demands.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Provenance is looking for a Business Development Executive!

Provenance

We’re looking for an enthusiastic Business Development Executive to join our team to help expand our SME user base, with an initial focus on retailers, food brands and ingredient suppliers – helping them to provide increased transparency about the origin, journey and impact of their products to their customers. This is a brilliant opportunity for someone in the early stages of their sales career to join a rapidly growing tech startup, working with some of the most innovative technologies o

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Demand Forecast: Constrained or Unconstrained?

Unleashed

An unconstrained demand forecast might seem over optimistic, but for a business to take full advantage of market growth opportunities it is essential to dream big. Particularly for companies using online inventory management systems, it’s easy to create both constrained and unconstrained demand forecasts that each represent valuable snapshots of what your business is, and what your business could be.

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Healthcare Supply Chain: Increase Efficiencies

Hybrent

We are breaking down supply chain management to celebrate National Healthcare Supply Chain Week to help your team bring back the focus to what matters most: patient care.