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Polycrisis, Antifragility, and What’s Missing from Digital Transformation

Logistics Viewpoints

While the concept isn’t new, its application to supply chain is emerging, albeit without clear definition yet. A McKinsey study found that 90% of supply chain leaders expected to transform their planning systems. of supply chain professionals found that their number one wish to increase work satisfaction is better, integrated tools.

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Analytics in Supply Chain Management Becomes Central As Coronavirus Escalates

IoT World Today

These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. Another Statista study indicated that 44% of retailers expect delays and 40% expect inventory shortages given coronavirus disruptions on the supply chain. And again, data quality is a huge concern.

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Focus on people drives success for Utz Group

Logistics Business Magazine

Seven technicians maintain and repair machinery at the company’s factory in Alfreton, Derbyshire – which recently took delivery of its tenth injection-moulding machine – while four employees in the toolroom produce and service tools to meet production requirements. “My My role is interesting, challenging and very rewarding,” says Batty.

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Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Maintaining all past and future promotional events in a database. Maintaining outlier events that have influenced demand patterns or supply availability . Modeling the impact of weather events.

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The Role of Data Analytics in Supply Chain Management

3PL Links

The information set must include Business Intelligence tools and be different in decision support. One can relate human capital, technology, new manufacturing tools, management, etc. as a definition of value. Trend data: related to fixed or seasonal movements, unforeseen events, variances, etc.

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. The definition of this metric is similar to the way it sounds. We hope these posts keep you on top of your game and informed. . First, what is Supplier Quality Management (SQM)?

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5 Ways Manufacturing Companies Can Find the Deeper Secrets Behind the Numbers & Data That Don’t Lie

GlobalTranz

Did you ever notice when you read an article, or study a report, that the numbers are always very logical and get right to the point? Numbers are viewed with respect to past events. They are historical by definition, but a number has no bearing or meaning on future events, and is thereby less relevant than you might think.

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