Digitalization is accelerating the pace of business and transforming global supply chains. In a freewheeling discussion at the ARC Industry Forum in Orlando, I spoke with Richard Howells, Vice President Marketing Digital Supply Chain at SAP about the trends, customer expectations, the challenges, and imperatives of digital transformation in the supply chain. Supply Chain: Trends and Challenges “Today’s supply chain is very volatile. Whether we’re talking about Brexit or trade wars or viruses that are […]
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Archive for Business Intelligence
Today’s headlines are filled with disheartening news about climate change, resource depletion, pollution, hunger, access to clean water, and poverty. The world is paying a high price for the traditional “take, make, use, waste” philosophy that failed to consider the long-range social and environmental consequences of mass consumerism. In response, in 2015 more than 190 countries joined to endorse 17 sustainable development goals (SDGs) ― defined by the United Nations ― as part of a […]
Read More →Analytics, big data, data science, machine learning, artificial intelligence, deep learning, heuristics, optimization – do you feel beaten down playing buzz word bingo on a constantly changing board? It can be hard to understand which new buzzwords bring business value and which are best left in the lab to mature. And yet this barrier hasn’t stopped many companies from adopting corporate initiatives around data science or artificial intelligence/machine learning (AI/ML). To keep it simple, I […]
Read More →Trying to understand and implement artificial intelligence (AI) for your supply chain network during your digital transformation efforts, or let alone finding the right partner in your journey, is like walking in an enchanted forest full of myths, ogres, and lost souls trying to find a way out. Finding the right path in there to an eternal bliss starts with knowing what is not right. Implementing AI is not a small feat and you may get bombarded with vague definitions and stories about how AI makes the world a better place. Let’s look at a few common myths you may come face to face with in your quest to transform your supply chain network by using AI while going digital in your organization.
Read More →Driving operational growth and increasing supply chain efficiency in today’s ever-changing business world is a top priority for many companies. In order to grow in a rapidly evolving marketplace, organizations must possess the ability to use advanced algorithms and data analytics to generate the next wave of supply chain value. With the abundant data available and the advanced technologies now accessible to help harness it, organizations must establish effective strategies to curate data, produce and […]
Read More →Fleet telematics has a robust return on investment. Multitenant platforms can be an elegant way to collect Big Data. Big Data, used right, has great power. Put them all together and what do you get? An interesting logistics technology. The Geotab Telematics Platform Telematics solutions provide truck fleets with the ability to remotely monitor the location, status, health, and activity of vehicles. Geotab is the telematics company that gathers Big Data for analysis in their […]
Read More →Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. It is used to measure performance using a specific indicator or indicators resulting in a metric of performance that is then compared to others to assess how well or how poorly a company is performing. This is sometimes referred to as “best practice benchmarking” or “process benchmarking”. Management uses this process to evaluate various aspects […]
Read More →One area of interest in today’s end-to-end supply chain is machine learning. And this is certainly a topic that we have written about quite often. Over the last few months, Steve Banker, Clint Reiser, and I have written about artificial intelligence and machine learning in a number of contexts and how it impacts the supply chain. These topics have included transportation management, warehouse management, and supply chain planning, among others. This technology continues to be […]
Read More →Organizations must properly execute their e-commerce shipping strategy to survive in today’s market. Business Intelligence is critical to proper execution, providing opportunities to significantly shift, reduce, and manage global transportation costs without sacrificing service.
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Supply Chain Brief
Near Term Forecasting powered by AI
One thing that I find interesting in the AI movement is the creative use of data and algorithms to solve old problems in a new way or to solve new problems. My colleague, Vikram Srinivasan talked about one such new problem in a previous blog post: AI is Changing Everything We Thought About Forecasting Demand. Vik discussed how AI is helping improve demand forecasting with additional data and new algorithms. Digging deeper, he mentioned an […]
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