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A System Under Strain The fragility of the medication supply chain isn’t theoretical; it’s happening in realtime. Alarmingly, 7% attributed at least one medication safety event to a shortage-related issue. Automation fed by real-world data can streamline operations, eliminate redundancy and accelerate response times.
A mathematical model is just an abstraction of some real thing,” he says, “but you can always add detail that makes it more realistic.” Timely, incisive articles delivered directly to your inbox. Bowman, SupplyChainBrain Watch: What’s in DOJ’s New Guidelines for FCPA Enforcement? More from this author Subscribe to our Daily Newsletter!
Modern OMS capabilities must stitch together intelligence across systems — TMS, WMS, ERP — to make real-time decisions that accommodate strikes, tariffs, port slowdowns and weather events. 3 Inventory Segmentation and Revenue Protection Inventoryvisibility is foundational — but segmentation is transformational.
AI allows suppliers to review data in realtime, so they can stress-test scenarios, make changes and tweak their responsiveness. With predictive insights, they can also accurately anticipate demand and supply shifts so adjustments can be made quickly, such as calling in alternative suppliers, routes and options.
To be precise, the ability to adjust pricing and pricing strategies in real-time, grounded in data and tailored to specific markets, has emerged as the most effective way to shield and even grow profits. The scenario planning capability of advanced pricing tools means that pricing decisions don’t have to be made in isolation.
Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. And certainly there are more frequent, large events affecting companies, that had previously been spaced out.” And that’s a great skill set to have.
Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Risk Technology Operations Procurement Logistics Freight Regulation An article from Dive Brief Clorox to replace 25-year-old tech with new ERP The household products manufacturer is building inventory at its retailers as a buffer while it transitions its system.
Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.
By enabling seamless communication, automating tasks, and providing predictive insights, generative AI can significantly increase the accuracy of estimated times of arrival, and overall performance across the logistics supply chain. The parts are delivered mainly by rail, with inconsistent delivery times.
Following are three strategies for using data to meet these challenging times. Now is an excellent time to develop organizational execution intelligence, which means using data and analytics to optimize operations across inventory management, pricing and promotion to squeeze every last ounce of efficiency out of your processes.
At the same time, global regulations are tightening. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. AI also provides visibility into emissions across the supply chain. Timely, incisive articles delivered directly to your inbox.
Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs.
Businesses must also consider the ripple effects on their inventory strategy; any change of supplier will change lead times. At the same time, it launched a nearshoring initiative, moving a portion of its production for the North American market to Mexico to shorten lead times and increase supply chain flexibility.
Success in this environment requires real-timevisibility, strong carrier relationships and a strategy that balances cost, reliability and flexibility. Once goods arrive in Honolulu, this marks the start of the real complexity. Timely, incisive articles delivered directly to your inbox. A second layer of pricing.
They provide optimized pick, putaway and replenishment functions, working with the human workforce to reduce travel time, errors and repetitive stress. The robots-as-a-service (RaaS) subscription model allows the flexibility to scale up and down to align with a leaner permanent human workforce to meet seasonal or other variable demand.
Whether youre upgrading an existing facility or installing automation for the first time, here are five tips to help you avoid common pitfalls and get the most from your investment. 1 Vet Automation Vendors for Real Flexibility Not all automation systems are created equal. Timely, incisive articles delivered directly to your inbox.
Discover how inventoryplanning software and improved lead time management can transform these challenges into competitive advantages. Extreme weather events from hurricanes to flooding have created supply chain sustainability issues by damaging infrastructure with increasing frequency.
That detour added up to 12 days of transit time and increased shipping costs by approximately $1 million per voyage, according to reporting from Bloomberg and Maersk’s own advisories. The knock-on effects included delivery delays, inventory shortfalls and price spikes across multiple industries. What can you do?
Timely, incisive articles delivered directly to your inbox. Arno Ham is B2B e-commerce evangelist at Sana Commerce. Artificial Intelligence Customer Relationship Management Supply Chain Security & Risk Mgmt RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter!
Each tier, from raw-material providers to logistics firms, relies on predictable, timely cash flow. When a business fails to pay its suppliers on time, that delay ripples downstream, affecting everyone involved. Following are a few actions every supplier should consider: Monitor payment behavior in realtime.
This requires everyone in the supply network to share accurate and timely information to identify problems and streamline processes. Plan Your Approach with the Customer The customer is at the heart of any business strategy, including supply chain management, which starts with a deep understanding of consumers.
Before selecting a technology and an implementation partner, managers should spend time exploring every function that could contribute to the macro pain point, and diagnose the underlying issue. How will the collaborators share lessons to ensure that the technology only improves with time? How will future goals be set?
However, the real nuance comes into play when looking at a single mode of transport, particularly road freight. It’s a good option for shipments that are too large for regular LTL but don’t justify the expense of a full or partial truckload. This is typically the most cost-effective road option for small to medium-sized shipments.
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SPECIAL REPORT AI: Real or Hype? Its everywhere — but how much of it is real versus hype? But Im not sure whether companies understand exactly what it does and how they can apply it for real business value." Timely, incisive articles delivered directly to your inbox. Thats up from 65% just six months earlier.
That’s a crucial capability, at the time when consumers are displaying growing concern that their buying behavior might be supporting unethical labor practices and environmental degradation. Timely, incisive articles delivered directly to your inbox. More from this author Subscribe to our Daily Newsletter!
You’ll discover a unique threefold strategy that enables workers to pick more items in less time with up to 30% fewer robots compared to legacy systems. Zebra Navigating the Future of Demand Forecasting More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
BYD, China’s best-selling car brand, has a promissory note system called Dilian, or Dilink in English, that it uses as a form of payment to its suppliers and can be redeemed at a later time. billion) worth of notes as of May 2023, the last time that BYD disclosed such information. The platform had issued 400 billion yuan ($55.7
Time to Start Preparing for the Digital Product Passport SCB FEATURE Selling Into the EU? Time to Start Preparing for the Digital Product Passport Photo: iStock.com/ Alexandros Michailidis June 16, 2025 Robert J. That said, it will be some time before the DPP is required of multiple product categories.
SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information, and capital in functions that broadly include demandplanning, sourcing, production, inventory management and logistics.
The New Demands on Fulfillment Facilities Warehouses today are facing a collision of pressures. Real estate costs are soaring. You’re seeing higher throughputs, and you have to achieve them in a shorter time span,” Senn explains. “If Real estate is at an absolute premium today,” Senn says. SKU counts are growing.
For deeper analysis, ABC analysis helps categorize products by their contribution to overall revenue, while tracking inventory turnover ratio establishes velocity benchmarks across different product categories. This creates a solid foundation for the analytical process that follows, enabling data-driven decisions rather than gut reactions.
Vehicles are sidelined, drivers grow frustrated, and delivery times slip. Fleet management is a long game — budget cycles, replacement planning, technology roadmaps. Every time a fleet manager leaves, strategic initiatives are put on hold while a new leader starts from scratch, relearns the operation, and gets buy-in all over again.
Timely, incisive articles delivered directly to your inbox. UNFI ), one of the U.S.’s s largest organic food distributor has led to empty shelves at Whole Foods stores across the country, reports NBC News. Warns Whole Foods on Failure to Address Food Safety Problems Related Directories Tecsys, Inc.
It’s hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.” Timely, incisive articles delivered directly to your inbox.
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Driven by customers’ growing expectations for more options, companies are shifting from the traditional model of selling products and services on a one-time basis to offering a broader mix of solutions, services and pricing. The long-time challenge is managing the programs’ revenue share. Manually managing complex partner programs.
This delay creates a dangerous blind spot for operators — higher landed costs, longer lead times and shifting sourcing patterns will start to accumulate in warehouses over the next two to 12 months. For many, this will be compounded by the risk of a recession, sharpening the consequences of excess inventory, stockouts or misallocations.
Attendees explored emerging market trends and how organizations are responding in realtime, strategic investments in automation and artificial intelligence, best practices in change management, and the key performance indicators that matter most for long-term sustainability. Another common roadblock is disconnected data.
the current season’s top fertilizer application times have passed, though growers in just a few months will be turning to fall fertilizer applications for the next season. Timely, incisive articles delivered directly to your inbox. In the U.S., farmers, don’t expect a reversion down in pricing,” Taylor said.
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