The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. To define what exactly it is, a digital twin is a virtual replica of a physical asset, process, or system. In the warehouse context, a digital twin can be created to represent the physical layout, […]
Coupa recently completed its Inspire conference. It ran from April 11th through the 13th at the Aria Resort in Las Vegas. Roughly 3,000 customers, prospects, and partners attended. Coupa offers a Business Spend Management (BSM) platform based on a public cloud. The platform connects hundreds of organizations representing the Americas, EMEA, and APAC, with millions […]
Bugaboo: something that causes fear or distress out of proportion to its importance. When it comes to running a company, when things break down executives have traditionally said “we need to improve our forecasting!” Would better forecasting accuracy be a good thing? Absolutely! Unfortunately, most companies cannot, and will never be able to, consistently rely […]
Feeling overwhelmed by the persistence and prevalence of crisis? There’s a new word for this current state: polycrisis. Wishing your supply chain were strengthened rather than strangled under these conditions? There’s an older term now being applied to supply chains for this capacity: antifragility. Are you trying to figure out how NOT to join the […]
Matt Elenjickal, the Founder and Chief Executive Officer of FourKites, has pointed out that “data is the raw fuel of a digital transformation.” But it must be quality data! “Just as any chef will tell you that anything less than the best quality ingredients can render a dish inedible, so too, bad data can turn […]
In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. Unlike some of the other trends articles we have covered at Logistics Viewpoints, which take a deeper dive into technology and application specific trends, this article looked at the top trends executives need to […]
The chip shortage has been one of the hottest topics in 2022. I read an article earlier this week that broke it down pretty succinctly. At the beginning of the year, the global chip shortage had become so dire that large industrial companies were taking scarce chips out of washing machines to plug them into […]
Near the end of 2021, I had the chance to make the early call on Logistics Viewpoints on what 2022 would look like across five major logistics themes. Unlike the folks projecting election results these days, I was a little more accurate and the 2022 projections have set the stage for what will happen in […]
CLOUD computing has spurred a revolution in private and business applications over the past decade. Today, data and software programs can be saved or run in any data processing center in the world. Everything is operated via the internet, completely independent of the location or device. Cloud computing has made installation, administration, and updates significantly […]
Logistics digitalization – A new generation of advanced solutions, enabled by artificial intelligence (AI) and machine learning (ML) – has created new supply chain models and new work processes that are purpose-built for today’s extreme uncertainty. These intelligent, strategy-driven solutions help the entire end-to-end value chain enact a fast, coordinated response not only across functions but also across multiple trading partners. For example, a North American retaile digitized its freight order management system, creating two-way integration with its existing digital transportation management[…]