article thumbnail

The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. There are Also Commercial Reasons. The Road to Agility and Resilience. A Positive Example.

article thumbnail

Data Quality: Your Digital Transformation Depends on It

Logistics Viewpoints

In a prior post , I wrote about the various ways data is transforming global supply chains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented). So, what is quality data?

Data 146
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Pneumatic Tires [Definition, Pros/Cons, Applications, Costs]

Conger

A Toyota diesel forklift with pneumatic tires Let’s start with a pneumatic tire definition. Cons of Pneumatic Forklift Tires Here are some of the key disadvantages of pneumatic tires to consider: Not ideal for indoor use: Pneumatic tires may not be optimal for indoor use due to their tendency to bounce, leading to operator discomfort.

article thumbnail

6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the efficiency of their supply chain. What is stock optimization?

article thumbnail

Mastering Demand Planning: Best Practices and Tools for an Efficient Supply Chain

10xLogistics

I am continuing my series on simple definitions and thoughts in Supply Chain Management. Demand planning is a critical component of supply chain management that predicts customer demand to optimize inventory, ensure on-time deliveries, and manage production schedules efficiently. And why it is so underused I will never understand.

article thumbnail

Smart Manufacturing: A Solution to Supply Chain Optimization

Morai Logistics

Smart manufacturing is a new advancement in supply chains that will help optimize the customer experience and meet consumer demands. However, we often hear of these digital tools from a data and insight or a predictive analytic perspective. Real-time data. What are the benefits of Smart Manufacturing? Cost reduction’.

article thumbnail

Big Data: The Driving Force of Supply Chains

Morai Logistics

Industry experts believe that supply chains must continue to utilize Big data to improve efficiency, transparency and immediacy. . In 2012, the New York Times published an article entitled “The Age of Big Data”. Experts in the field of supply chain and logistics, consider data to be an asset in optimizing operations.