GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. The State of Supply Chain 2016 Trends.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

GlobalTranz

FEBRUARY 27, 2015

Editor’s Note: Today we are featuring this guest post from Find Accounting Software as it covers a subject we are also interested in, Manufacturing Technology which makes businesses more efficient. Earlier identification of product manufacturing issues. on using JustFoodERP at their food manufacturing company.

Manufacturing Procurement 110

Manufacturing Procurement ERP Logistics Network Optimization Software Procurement Solutions 110

GlobalTranz

FEBRUARY 25, 2015

Editor’s Note: This is our second post in a collaborative blog post series about mobility in manufacturing & logistics along with Catavolt, who helps manufacturing organizations drive operational excellence with mobile apps. IoT makes use of Radio Frequency Identification (RFID) chips that “talk” to each other.

Manufacturing Procurement 107

Manufacturing Procurement Optimization Software Logistics Network Optimization Software Supply Chain Planning Software 107

Logistics Viewpoints

DECEMBER 8, 2022

Billions of venture capital dollars of investment are being poured into companies that can integrate real-time visibility data with transportation to provide a more informed ETA for shippers and carriers. The supply ecosystem connects over 630,000 manufacturers and suppliers. FedEx Corp. million daily shipments. Final Thought.

Supply Chain Planning Software 113

Supply Chain Planning Software Transportation Modeling Software Logistics Network Optimization Software 113

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

AIMMS

JUNE 16, 2020

This means that you can target very specific parts of your demand data and dynamically run different scenarios in those conditions to measure its effect. Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. Evaluating Potential for Reshoring . Strategic Network Investments .

Scenario Planning 144

Scenario Planning Supply Chain Design Software Supply Chain Design Optimization Modeling 144

Blue Grace Logistics

JULY 27, 2021

Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. The presence of data throughout the supply chain is vital to its evolution.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

GlobalTranz

FEBRUARY 6, 2017

Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Per IDC Manufacturing Insights , the use of robotics will become more platform based through robot-as-a-service, reducing costs of deployment and maintenance. Technology Will Reshape Procurement Practices. Robotics Will Grow More Versatile.

Supply Chain Planning Software 73

Supply Chain Planning Software Procurement Analytics Supply Chain Software Manufacturing Procurement 73

GlobalTranz

MARCH 7, 2016

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. For example, a shipment of potentially perishable or time-sensitive goods is delayed for 2.5

Procurement Analytics 61

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chains 61

SYSPRO Smarter ERP

MARCH 20, 2024

For manufacturers, having the right business intelligence on hand at the right time can eliminate the guesswork from decision making, offering real-time visibility into business processes so you can anticipate your next move. In recent years, the amount of data available to most companies has exploded. Data warehousing costs rise.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Expense Reduction Cost Reduction 105

GlobalTranz

FEBRUARY 6, 2018

A manufacturer in China doesn’t read the specs on an order. Ethereum shares some common features with Bitcoin, including how it’s mined by computers and codifies unique data that can be used to track everything from transactions to an exchange of goods (more on that below). Supply chains are messy. Blockchain in Supply Chain Can Help.

Supply Chain Design Software 164

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 164

GlobalTranz

JULY 14, 2015

Most manufacturing processes heavily rely on the use of machinery. At its core, the IoT serves as a way of gathering data and information about a process, but applications of the IoT can detect potential problems within a machine before the machine falters. Automated Data Transfers. IoT and Machine Functionality.

Supply Chain Software 103

Supply Chain Software Supply Chains Manufacturing Procurement Scenario Planning 103

SYSPRO Smarter ERP

FEBRUARY 22, 2024

Many manufacturers struggle to optimize warehouse productivity and attract skilled employees. During Covid-related supply chain disruptions, many manufacturers ran out of warehouse space and began stashing inventory wherever there was room. Yet many manufacturers regard replacing them as an unnecessary expense.

Manufacturing Procurement 116

Manufacturing Procurement Inventory Reduction Expense Reduction Waste Reduction 116

GlobalTranz

JUNE 24, 2015

manufacturing is not experiencing a “renaissance” Industry experts conservatively acknowledge that off-shoring has slowed, and perhaps “stabilized” Although around 80,000 manufacturing jobs have come back to the U.S. Manufacturing has gained 700,000 jobs since 2010. manufacturing. As the U.S.

Manufacturing Procurement 97

Manufacturing Procurement Supply Chain Planning Software Cost Reduction Sourcing Strategies 97

GlobalTranz

OCTOBER 5, 2015

Current and future applications have the potential to provide new methods of value creation and sources of revenue streams for companies in the digital age. Currently, business processes that use static data structures and analysis will need to adapt in order to maintain the competitive edge and pursue new value creation.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 111

AIMMS

JUNE 16, 2020

This means that you can target very specific parts of your demand data and dynamically run different scenarios in those conditions to measure its effect. Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. Evaluating Potential for Reshoring . Strategic Network Investments .

Scenario Planning 71

Scenario Planning Supply Chain Design Software Supply Chain Design Optimization Modeling 71

GlobalTranz

FEBRUARY 25, 2016

For example, some people are offering to pay up to $10 for old, discarded car batteries. At heart, the circular economy and circular supply chain refer to a transition from raw material to manufacturing center to distribution center to consumer to trash process. What is the Circular Supply Chain? Barriers to the Circular Supply Chain.

Supply Chain Software 69

Supply Chain Software Supply Chains Manufacturing Procurement Resource Reduction 69

GlobalTranz

FEBRUARY 13, 2017

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. There was a time when buying a computer was considered a once-in-a-decade purchase, if not once-in-a-lifetime. Globalization Will Become More Important in Everyday Decisions. The Amazon Barbell Will Gain Power.

Resource Reduction 82

Resource Reduction Trends Inventory Reduction Material Savings 82

SYSPRO Smarter ERP

JULY 28, 2022

People have been talking about the ‘paperless office’ for decades, but many manufacturers and distributors still have staff members manually printing, posting, faxing, emailing and managing documents that go out to customers. How Manufacturers and Distributors can automating document distribution help? Reduced efficiency.

Manufacturing Procurement 111

Manufacturing Procurement Document Distribution Waste Reduction 111

Logistics Bureau

OCTOBER 24, 2022

It uses sensor data from the physical entity to emulate its state and to enable the modeling of future changes, improvements, risks, and weaknesses. Technicians monitored real-time data from sensors on the production line using the plant’s digital twin and applied predictive analytics to assess the impact of filling-process adjustments.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 62

GlobalTranz

MAY 21, 2015

In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. Failure to monitor raw material prices can also result in above average costs across multiple sources.

Supply Chain Planning Software 100

Supply Chain Planning Software Supply Chain Software Cost Reduction Supply Chains 100

GlobalTranz

MAY 2, 2017

Manufacturers have always struggled to obtain the most accurate inventory levels possible. Meanwhile, failure to notify consumers about out-of-stock items during purchase could result in the permanent loss of a customer. Automated data capture promotes inventory management by giving systems control over the tallying of products.

Inventory Reduction 48

Inventory Reduction Inventory Procurement Analytics Vendor Strategies 48

GlobalTranz

APRIL 4, 2016

Offshoring is basically when a company moves manufacturing to a foreign country in an attempt to save money. For a time, this model of manufacturing seemed to be the paragon of effective business. This may include research and development, product manufacturing, product packaging, and shipping processes. The short answer is no.

Manufacturing Procurement 53

Manufacturing Procurement Cost Reduction Price Reduction Inventory Reduction 53

GlobalTranz

MARCH 24, 2016

For manufacturers and shippers, freight spend represents one of the largest costs to the respective company. More manufacturers and supply chain entities are entering the global market. For example, less-than-truckload shipments result in higher fuel costs to a shipper due to inefficient fuel usage while driving and frequent stops.

Cost Reduction 54

Cost Reduction Waste Reduction Transportation Freight 54

GlobalTranz

AUGUST 18, 2015

Companies based on assets have had years of experience in purchasing trucks and managing warehouse inventories. What Data Analytics and Business Process Strategy Services Are Offered? Furthermore, managed IT services may include helpdesk support, technical support, off-site 3-D printing services , and data storage.

Logistics Network Optimization Software 96

Logistics Network Optimization Software Procurement Analytics Inventory Reduction Supply Chain Software 96

GlobalTranz

FEBRUARY 11, 2016

." - This may be coming to a manufacturing floor or supply chain soon! One of the most notable examples remains the creation of Watson, the supercomputer controlled artificial intelligence that defeated Jeopardy! This is a combination of parallel computation, big data , and analysis of algorithms.

Supply Chain Design Software 54

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 54

GlobalTranz

MAY 13, 2015

These are all examples of the effects production may have on the environment, in local communities, or on the people who grow and make what we sell.” Walmart uses its mammoth purchasing power to shape suppliers’ behavior which also drives down costs, Gartner said. .” Walmart states early on. Decades in the Making.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

GlobalTranz

JULY 28, 2015

Unfortunately, this produces a distinct challenge for manufacturers and businesses through 2017 and beyond: how will shippers manage to stay afloat with expected increases in the cost of LTL management while pertinent factors continue to drive the growth of LTL? This amounts of 126 million different purchases within 24 hours.

Purchasing Skills 97

Purchasing Skills Manufacturing Procurement Negotiating Skills Cost Reduction 97

AIMMS

FEBRUARY 9, 2017

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Prescriptive Analytics is at the cutting edge of data science and companies are increasingly interested in exploring its benefits. Let’s take an example from one of our clients in manufacturing.

Supply Chain Planning Software 78

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 78

GlobalTranz

MARCH 1, 2016

Well, this example shows how wearable technology in the supply chain was being used 3 and a half years ago in 2012. Wearables refers to devices that are connected to an internet source and allow workers to perform supply chain tasks without the need of taking up space or additional resources, asserts Supply Chain 24/7.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 74

GlobalTranz

FEBRUARY 14, 2017

Automation and robotics are leading the charge, and the Industrial Internet of Things (IIoT) is adding to the mountain of data being collected and analyzed for insights and better operations. Logistics Tech Will Become Data-Driven. But, modern logistics is data-driven , and this concept will become essential to success in 2017.

Logistics Network Optimization Software 51

Logistics Network Optimization Software Trends Price Reduction Modeling Software 51

AIMMS

FEBRUARY 9, 2017

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Typically, organizations use Excel to start getting insights about what to do when, using data from transactional systems. Let’s take an example from one of our clients in manufacturing.

Supply Chain Planning Software 62

Supply Chain Planning Software Modeling Software Optimization Software Supply Chain Software 62

GlobalTranz

SEPTEMBER 8, 2015

Data Capture. Shipping freight inherently comes with a large amount data. Each data entry is an opportunity for data capture and analysis. Additionally, ensuring a superior data capture capability allows clients to become more confident in tracking and visibility in shipping. Knowledge of the Carrier's Business.

Cost Reduction 93

Cost Reduction Expense Reduction Supply Chain Planning Software Optimization Software 93

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. By identifying these gaps, you can create sourcing events to close them.

Supply Chain Design Software 139

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 139

GlobalTranz

APRIL 18, 2016

Consumers are also expecting more of manufacturers and shipping companies. The push toward a more efficient, data-driven supply chain will result in more competition among companies. For example, a customer who simply ordered the wrong product may actually be close to another customer who ordered the incorrect, delivered item.

Waste Reduction 91

Waste Reduction Cost Reduction Inventory Reduction Resource Reduction 91

Logistics Viewpoints

SEPTEMBER 19, 2023

Management practices such as lean manufacturing and just-in-time inventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream.

Supply Chain Design Software 139

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 139

GlobalTranz

MARCH 18, 2016

Manufacturers are set to invest up to $70 billion in the Industrial Internet of Things ( IIoT ) by 2020, reports John Greenough of Business Insider. Previous Applications of the Industrial Internet of Things in Manufacturing. Previous applications of the IIoT in manufacturing have led to a savings of 12 percent across the industry.

Manufacturing Procurement 70

Manufacturing Procurement Cost Reduction Supply Chain Planning Software Industry 70