Remove Analysis Remove Blog Remove Procurement Remove Training
article thumbnail

Using data and AI to improve manufacturing

SYSPRO Smarter ERP

ML systems can identify patterns from the large amounts of structured and unstructured business and industry data that companies increasingly collect, and provide analysis and insights to users to help their decision-making. Product development When designing a new product or improving an existing one, extensive data analysis is required.

article thumbnail

[INFOGRAPHIC] Expert Reveals 7 Supply Chain Trends to Watch

GlobalTranz

Editor’s Note: This blog post is from SupplyChainOpz. The biggest implication of this new imposition on procurement process is that now procurement managers have to deliver suppliers that are cost conscious and timely in their operations but at the same time can adapt to the changing demands of end customers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Transportation Optimization and What Does It Have to Do With Managed Transportation

GlobalTranz

For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems. Transportation optimization can occur at a network level and an execution level.

article thumbnail

How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Adequate cross training is not occurring fast enough to fill the gap. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Suppliers can then use your forecast to refine their own production and procurement plans. Stay Agile, Get Ahead.

article thumbnail

Making strategic investments in digital supply chain in a downcycle

FreightWaves SONAR

There were suggestions that companies didn’t follow through with implementation, training and change management after the supply chain technology investments that they did make. As a group, the supply chain executives believed that mitigating risk was necessary but said their companies didn’t prioritize resilience.

article thumbnail

Energy and Labour Costs: 2 Top Warehousing Challenges in 2023

Logistics Bureau

Of course, switching to more efficient lighting requires significant investment, especially if you choose induction lights, which are particularly expensive to procure. A staff training program centred on energy-consciousness can help minimise costs. Can we Train, Educate, and Engage our Workforce for Greater Productivity?

article thumbnail

How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. You could be particularly numerate, or into analysis. These are the highly trained professionals who control company capital and cash flow. What Qualifications Will I Need?