How To Improve Supply Chains With Machine Learning: 10 Proven Ways
Bottom line: Enterprises are attaining double-digit improvements in forecast error rates, demand planning productivity, cost reductions and on-time shipments using machine learning today, revolutionizing supply chain management in the process. Machine learning algorithms and the models they’re based on excel at finding anomalies, patterns and predictive insights in large data sets. Many supply chain challenges are […]
Top 10 Ways Internet Of Things And Blockchain Strengthen Supply Chains
The majority of enterprises are prioritizing their blockchain pilots that concentrate on supply chains improvements (53%) and the Internet of Things (51%) according to Deloitte’s latest blockchain survey. By 2023, blockchain will support the global movement and tracking of $2T of goods and services annually based on a recent Gartner By 2020, Discrete Manufacturing, Transportation & Logistics […]
How Machine Learning Improves Manufacturing Inspections, Product Quality & Supply Chain Visibility
Bottom Line: Manufacturers’ most valuable data is generated on shop floors daily, bringing with it the challenge of analyzing it to find prescriptive insights fast – and an ideal problem for machine learning to solve. Manufacturing is the most data-prolific industry there is, generating on average 1.9 petabytes of data every year according to the McKinsey Global Insititute. Supply […]
High-Tech’s Greatest Challenge Will Be Securing Supply Chains In 2019
Bottom Line: High-tech manufacturers need to urgently solve the paradox of improving supply chain security while attaining greater visibility across supplier networks if they’re going make the most of smart, connected products’ many growth opportunities in 2019. The era of smart, connected products is revolutionizing every aspect of manufacturing today, from suppliers to distribution networks. Capgemini estimates that […]
2018 Will be A Breakout Year For Supply Chain Analytics
While 94% of supply chain leaders say that digital transformation will fundamentally change supply chains in 2018, only 44% have a strategy ready. 66% of supply chain leaders say advanced supply chain analytics are critically important to their supply chain operations in the next 2 to 3 years. Forecast accuracy, demand patterns, product tracking traceability, […]
Gartner Predicts CRM Will Be A $36B Market By 2017
The latest enterprise software forecast from Gartner shows Customer Relationship Management (CRM) increasing to a $36.5B worldwide market by 2017, a significant increase from the $20.6B forecasted in Q1 of this year. CRM also leads all enterprise software categories in projected growth, showing a 15.1% CAGR from 2012 to 2017, also revised up from 9.7% […]
What is Supply Chain Risk Management, Exactly? Stepping Back to Address the Challenge
As usual, Paul Teague recently penned an insightful column on his weekly blog Procurement Leaders, this time covering supplier/supply chain risk management. In it, he tosses out what might seem like a soft question, but is not: “W…
BravoSolution: More Applause Deserved (Part 1)
If BravoSolution were one of your smart kids, it would be the one who could care less about going to Harvard or Yale (or Cambridge or Oxford), but quietly instead opt to head for a school like the University of Chicago or Cal Tech…
A Novel Way of Dealing With Apple Supply Shortages: Bring Component Production Back Onshore!
As anyone who closely follows procurement and supply chain management knows, production for many supply categories has moved entirely offshore in the past decade. From certain textiles to TV/monitors to computer hardware and peripherals, it’s all but impossible to find domestic sources of supply. Low cost countries aren’t an option for these spend areas — […]
DHL Extends Into Procurement BPO — But Will It Get Past Logistics to Become More Than a 3PL?
DHL, one of the worlds largest freight providers and 3PLs, just announced its intent to pursue the procurement BPO market by delivering solutions to both public and private sector companies. From the location and direction of the announcement, it appears that much of the new venture’s focus will be on the UK market. According to […]
