Bloated inventories were not confined to retail post-COVID, and while the retail sector has brought inventories under control, the industrial sector has not.
Closing transactional gaps in supply chains, increasing operational effectiveness, and enhancing your competitiveness with data collection is helpful. But doing so without a good data policy is costly, and probably confusing too.
In addition to the challenges and core competencies, a research team at GSCI’s Advanced Supply Chain Collaborative identified five organizational action areas to support the development of the skills modern-day planners need.
Thursday, July 11, 2024 · Ivan Hernandez, managing director, Mexico, QIMA
By diversifying sourcing destinations, businesses can enhance supply chain resilience and efficacy, navigate geopolitical unease and maintain seamless trade relationships amidst an increasingly complex and uncertain landscape.
Supply chain influencers are responsible for shifting direction in strategy. Over the past 25 years, influencers have introduced analytics into supply chains to make better decisions for instance. But, we must use this power wisely.
Companies can engage with academia on various levels through educational programs and the cross-sharing of knowledge. Another channel to engagement is research—the subject of this column.
Almost four and a half years ago, I wrote my first Insights column on artificial intelligence (AI) titled: “Rely on AI to make decisions? Yes, but warily” [March/April 2020]. I had planned to do an annual update, however, the COVID-19 pandemic came along—consuming much…
Artificial intelligence is everywhere these days. But what if it isn’t? I would guess that at least 50%, and probably closer to 70%, of the article pitches I receive these days involve AI. Most conversations I’ve had at conferences this year have at least touched on AI and…
Chatbots are the choice many make when implementing large language models, but for supply chains, there are better alternatives that provide more immediate value.
Monday, July 1, 2024 · Matthew Buckingham, vice president of business development & alliances, Focal Point
With modern procurement software, API-enabled data flows, and AI-guided processes, procurement teams get to focus on what they do best: setting strategy, managing projects, and identifying spending optimization opportunities.
Friday, June 28, 2024 · Paul Lord, VP Analyst, Gartner
Delivering reliable product supply has only become more difficult in recent years with market challenges. To get back on track, organizations should focus on the development and practice of two performance management disciplines: Stock control for improved predictability…
Whether companies seek to manage complex cross-functional processes better, increase digitalization and automation, or build greater agility, planning is central to their strategic initiatives, including talent development.
Wednesday, June 26, 2024 · Travis Wolf and Carl B. March
Decision Intelligence and Causal AI are underpinning a shift in the manufacturing industry, rapidly painting the future canvas of modern manufacturing.
Integrating AI and ML, particularly generative AI and LLMs, into supply chain operations is no longer a choice but a necessity for businesses to remain competitive in the future.
With major countries such as the U.S., India and Taiwan holding elections this year, supply chains face an uncertain path toward resiliency.
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