Revolutionizing Your Supply Chain Planning

February 2, 2017 | 82 views

Processes are disconnected because their supply chain planning has grown up in a siloed manner, says John Sicard, president and CEO of Kinaxis. Consequently, it’s futile to follow that model and think you can optimize the supply chain one link at a time.

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Spencer Boys Transportation, Inc.

Spencer Boys Transportation, Inc. provides excellence in transportation services and supply chain logistics solutions from truckload to LTL, rail intermodal, ocean and air cargo service, ground expedite, 3PL, multimodal and intermodal, and even warehouse services.

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SOFTWARE AND TECHNOLOGY,SUPPLY CHAIN

Autonomous Robots: The Future of Warehousing & Logistics

Article | August 3, 2022

Autonomous robots have transitioned from a futuristic system that only a few enterprises could afford to a sustainable, well-established solution in a wide assortment of warehouse automation projects in recent years. With the flourishing transportation and logistics industry and increasing e-commerce penetration worldwide, innovative technologies are revealing promising opportunities throughout the supply chain. Warehouse Automation: Driving Value in the Supply Chain Historically, autonomous robots have been used to perform tedious and repetitive tasks, necessitating sophisticated programming for setup and incorporation while lacking the dexterity to easily adjust operations. As autonomous robots become more intelligent, their setup times decrease, they need less monitoring, and they are able to work alongside their human counterparts. The benefits for the future supply chain are increasing as autonomous robots become more capable of working day and night with more consistent levels of productivity and quality and performing tasks that individuals should not, cannot, or do not want to do. Autonomous robots drive advancements and add value to the supply chain, primarily by increasing revenue potential and lowering direct and indirect operating costs. Autonomous robots, in particular, can assist: Boost efficiency and productivity. Lower risk, error frequency, and rework rates. Enhance employee safety in high-risk workplaces. Handle low-value, routine tasks so people can work together on strategic projects that can't be done by machines. Raise revenue by optimizing order fulfillment rates, and delivery speed, and, ultimately, increasing customer satisfaction. Sneak Peek into the Future of Autonomous Robot Autonomous robots are expected to witness strong growth in the coming years. These robots will become more common in the future supply chain as technology advances, allowing them to operate with more human-like abilities. Improvements in haptic sensors, for example, will enable these robots to grasp objects varying from multi-surfaced metal assembly parts to fragile eggshells without requiring changes to robotic components or programming. This will encourage companies operating in the industry to increase their research and development activities and introduce innovative and advanced supply chain technologies.

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PROCUREMENT AND SOURCING,LOGISTICS

Complexities Triggering Technological Advancement in Transport & Logistics

Article | August 8, 2022

Over the past decade, transportation and logistics have witnessed an immense transformation, from using automotive vehicles to drones and paper tags to advanced geotags. Also, the introduction of novel technologies and incorporation of innovative solutions such as artificial intelligence and blockchain has further reshaped the sector. How is Rising Complexity Triggering the Adoption of Novel Technologies? Today's supply chain is, in a word, complex. It has so many complexities, from ever-rising consumer expectations and disruptive events to globalized sourcing and omnichannel demand, that it is now being compared to a modern-day Gordian knot. With complexity comes ambiguity, particularly in the transportation and logistics industry. For instance, importers are expected to find cost-effective and efficient ways to transport goods from manufacturing facilities, which are frequently located halfway around the world, to distribution centers and then, ultimately, into the hands of consumers. In addition, e-commerce has further added to the complexity by introducing new channels into the jumble along with the introduction of same-day or next-day delivery standards with higher transparency and tracking features by leading players such as eBay, Walmart, and Amazon Here are a few prominent technologies assisting logistics companies to counter these complexities. Data Analytics Big data analytics aids in the more accurate and efficient planning of operational processes, services, and strategies, allowing businesses to align with emerging consumer needs. Artificial Intelligence (AI) and Machine Learning AI and Machine Learning have become the most sought-after tech in the transportation food chain. It assists businesses in enhancing operational functionality, boosting productivity and speed, designing optimal transit networks and routes, and improving safety through predictive risk calculation and elimination. The Internet of Things (IoT) With the rising need for transparency and tracking of shipped goods, IoT is garnering immense popularity across the transportation and logistics sector. It enables businesses to monitor and track their goods in real-time with the help of geo-tagging, RFID tags, and GPS, resulting in fewer delays in deliveries.

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SOFTWARE AND TECHNOLOGY,SUPPLY CHAIN

Predicting the Future of the Logistics Industry

Article | July 14, 2022

Introduction From warehouse robots to delivery drones, the supply chain is experiencing a tremendous upheaval. AI promises a totally autonomous and self-organized future supply chain. A fleet of vehicles utilizing a swarm algorithm can enhance cargo yard throughput; a trusted peer-to-peer ledger on blockchain architecture could change compliance in the sector; and wearables, mobile robotics, and machine learning technologies could speed up order fulfilment. IOT e-brokerage solutions can link shops to couriers and transporters with a click. Tomorrow's supply chain will be leaner, quicker, and self-organized. A few innovative technologies will fuel this unparalleled rate of change over the next 15 years. Here are the major technologies that are shaping the future of the logistics industry. Logistics Technologies for the Future Shipment Tracking Systems Previously, customers ordered shipments, had an anticipated arrival date, and then were kept in the dark until they chose to call. Customers can now access shipping and tracking systems around-the-clock due to developments in the internet and software. This not only enhances the customer experience (cx), but it also saves the business time and money. Internet of Things (IoT) The IoT reduces costs and delays by minimizing hazards in the supply chain. Cabs, cargo ships, trains, etc., have sensors that link to an alarm system or dispatcher. These sensors analyze and communicate information to the crew, who learns about hidden threats. IoT isn't a new technology, but it continues to influence logistics by improving in-transit visibility and delivery. Radio Frequency Identification (RFID) RFID technology has been used for a few years to monitor inventories labor-efficiently. A product tag or sensor produces radio waves. The company processes the data. RFID tags are similar to barcodes, but their faster information transport and data processing appeal to companies and the direction of technology. Many organizations use RFID tags to track containers in warehouses. Enhanced GPS Accuracy Almost everyone utilizes GPS on their vehicles or smartphones. These devices' accuracy has improved over time, assisting lost drivers and enhancing the supply chain. By monitoring truck locations and boosting hauls with current traffic data, GPS increases efficiency and customer satisfaction. Closing Lines Unprecedented times have produced unprecedented transformations that will last for generations. Changing demographics, technology improvements, and COVID-19 impacts are altering global supply networks. We must understand the driving factors and act on what we learn to adapt and rise to the situation. For the sake of our current workforce and future generations.

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SUPPLY CHAIN

Purchasing vs. Supply Chain Management software

Article | June 29, 2022

Purchasing software and supply chain management software are often mistaken for one another, but both have distinct functionalities. While purchasing software automates the procurement process, supply chain management software executes logistical transactions and manages supplier relationships. This report identifies the similarities and differences between the two software categories to help you understand which one is better suited to your needs. What is purchasing software? Purchasing software is an online tool that allows businesses to automate the process of procuring goods and services. It includes security compliance and reporting features. Purchasing solutions offer integrated tools for invoice approval, inventory control, asset management, customer service, and work order management. They help manage contracts, analyze spending, track sales deliveries, and monitor inventory levels. They also assist in identifying bottlenecks in the purchase process, such as functions that have high expenditure. Purchasing software offers invoice processing capabilities as well. Procurement professionals and accounting teams can use the tool to generate invoices, track invoice status, and monitor expenses via detailed reports. What is supply chain management software? Supply chain management software is a software platform that allows supply chain managers to automate the entire supply chain process—from acquiring raw materials to delivering the finished goods to consumers. The software provides tools for monitoring stock levels, including raw materials, and predicting future requirements based on the current inflow and outflow of inventory. Supply chain management tools manage material handling, order fulfillment, and information tracking for stakeholders such as manufacturers, suppliers, and transport and logistics providers. They also track the returns of damaged goods, process refunds and insurance claims, and provide planning and forecasting tools for supply chain professionals. What do they have in common? Purchasing is a crucial component of supply chain management. Together, these processes significantly contribute to an organization’s procurement cycle. Despite the functionality differences, both the software categories have a few features in common, including supplier management, order management, and forecasting. Which tool is right for you? The answer to this question depends on your use case. If you’re looking for a tool that majorly focuses on acquiring supplies, opt for a purchasing software solution, as it will help you streamline the procurement cycle, maintain purchase order accuracy, and monitor supplier activities. However, if you wish to manage your entire supply chain operations, including supplier, transportation, warehouse, and inventory management, then investing in a supply chain software solution would be the right choice.

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Spotlight

Spencer Boys Transportation, Inc.

Spencer Boys Transportation, Inc. provides excellence in transportation services and supply chain logistics solutions from truckload to LTL, rail intermodal, ocean and air cargo service, ground expedite, 3PL, multimodal and intermodal, and even warehouse services.

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SUPPLY CHAIN

NI to Enhance its Global Supply Chain Operations by Selecting Kinaxis

Kinaxis Inc. | August 09, 2022

Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, has been selected by NI to undergo a digital supply chain transformation, gaining end-to-end visibility and laying the foundation for continued business growth.NI, headquartered in Austin, Texas, has developed automated test and automated measurement systems for more than 40 years. By leveraging the Kinaxis RapidResponse® platform and concurrent planning technique, NI will enhance the company’s supply chain planning process and supporting technologies, resulting in a more flexible, agile, and resilient supply chain. “A critical component of the NI growth strategy is targeting segments with powerful growth drivers, including electric and autonomous vehicles, wireless communication, and new space technology. Our highly differentiated technologies and offerings enable our customers to constantly evolve their testing systems to get to market faster, To ensure strong relationships with all of our customers, we are committed to modernizing our supply chain process for timely delivery. The unique capabilities offered by Kinaxis align with our priority to serve our customers with the speed and accuracy required. In return, our business will be more predictable and process efficient.” -Adam Rutkovszky, Director of Supply Chain Transformation, NI With Kinaxis, NI will have complete transparency across its supply chain and the ability to balance all aspects of the demand and supply plans instantly and continuously, taking into consideration material restrictions, geographical standards, and market volatility. When changes inevitably occur, the company will be able to run multiple scenarios, simultaneously, removing planner guesswork. “Global supply chains are complex, and part of our people matter here approach aims to remove repetitive tasks and empower supply chain planners to be better equipped to handle disruption and make impactful business decisions We are thrilled to work with NI and support its supply chain, helping them to continue to innovate and provide solutions to their customers.” -John Sicard, Kinaxis CEO About Kinaxis Inc. Everyday volatility and uncertainty demand quick action. Kinaxis® delivers the agility to make fast, confident decisions across integrated business planning and the digital supply chain. People can plan better, live better and change the world. Trusted by innovative brands, we combine human intelligence with AI and concurrent planning to help companies plan for any future, monitor risks and opportunities and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste. For more Kinaxis news, visit Kinaxis.com or follow us on LinkedIn or Twitter.

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SUPPLY CHAIN

Vertex joins John Deere supply base

Vertex Software | July 16, 2022

Vertex Software, Inc., a pioneer in 3D manufacturing visualization and cloud collaboration technology, announces that they have been selected as a supplier to Deere & Company, a leading global manufacturer of agricultural, forestry, and other heavy equipment and an Industry 4.0 innovator. John Deere employees will use Vertex to access the state of the factory, service needs for equipment, forecast planning, and gather information about how equipment functions in real time. They can access the content on any computing device in seconds, including tablets, laptops, and smartphonesBy pushing 3D information data beyond the engineering department, Vertex's purpose-built software will support John Deere's Industry 4.0 initiatives, including Smart Connected Factory programs, by delivering real-time, actionable 3D data across manufacturing and business operations. The Vertex 3D Platform dramatically reduces the time, cost, and effort needed to use 3D visualizations across the manufacturing value chain. The platform will help John Deere build and deploy fit-for-purpose apps that deliver decision-making systems with rich, interactive 3D content. The sheer size and sensitive nature of CAD data, the cost of 3D hardware and software, and the number of data formats and software systems have made it nearly impossible to use 3D product data beyond engineering. Now, Vertex makes it possible to engage customers, employees, suppliers, and partners with 3D data wherever they are on whatever devices they use. Vertex extends the reach of 3D data to reduce supply chain bottlenecks, accelerate time-to-market, and increase sales by providing easy access to viewable 3D information that enhances productivity and reduces expenses. "For the first time, manufacturers have a truly effective way to leverage their 3D data assets beyond engineering, We're like Netflix for CAD. You can now reach everyone, everywhere, instantly with 3D." -Dan Murray, CEO & Founder of Vertex Software About Vertex Software Vertex Software offers cloud-based 3D solutions that enable manufacturers to unleash the full potential of their CAD and PLM investment. Vertex solutions drive customer satisfaction, grow market share, engage suppliers and partners, and energize employees with secure, cost-effective cloud-based solutions that eliminate the use of large data files. Vertex customers include industry-leading manufacturers, with several listed in the Fortune 500. Learn more at vertexvis.com.

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SUPPLY CHAIN

Certa Launches Next Evolution of Third-Party Risk Management Amid Record Supply Chain Disruption

Certa | July 01, 2022

Certa – a leading supplier management platform – released Studio 2.0, a new version of its industry-leading no-code workflow design product, to help organizations more effectively navigate and overcome supply chain disruptions.Amid ongoing globalization challenges, record inflation, and a looming recession, procurement teams need speed and flexibility to adapt to market changes. Studio 2.0 equips businesses with exactly that – enabling procurement to rapidly onboard new suppliers, optimize compliance, and manage risk in a more flexible manner, without any IT bottlenecks. “The COVID-19 pandemic and war between Russia and Ukraine have proven that interconnectedness comes with great vulnerability. Governments are requiring greater hygiene with rules and regulations that make international business relations harder than ever. As a result, companies are confronted with compliance challenges and are quickly reorganizing their supply chains, Certa enables businesses to overcome today’s market complexity and manage the entire supplier lifecycle at scale – from quickly onboarding and ensuring compliance, to continuously monitoring risk and ESG rankings. Throughout the global chaos, we’ve seen too many businesses playing catch up because IT couldn't respond to their needs fast enough. Studio 2.0 solves this problem by enabling business users to quickly and easily change business processes and onboard new partners.” -Jag Lamba, founder, and CEO of Certa According to recent research from Forrester, 87 percent of procurement decision-makers recognize the importance of accelerating their response to the ever-changing market. However, as procurement teams tackle the reorganization of supply chains, the burden of onboarding, managing compliance, and mitigating risk is heavier than ever. Supplier onboarding and partner management have become an organization’s first line of defense against growing security concerns, new regulations, and volatile consumer demands. Certa is a lifeline for businesses that need to quickly partner with new suppliers in the wake of global changes, regulations, and skyrocketing costs. Certa’s enhanced capabilities with this new release empower businesses to easily manage compliance through a constantly evolving supplier landscape, all while mitigating the inherent risk that comes along with market fluctuation and volatility. In a time where trusted partners have never been more critical, Certa’s Studio 2.0 allows businesses to be more agile and informed than ever before. Certa’s Studio 2.0 is the next generation of Certa’s no-code platform, allowing users greater flexibility with new modules, clear visibility into process dependencies, and a more responsive, drag-and-drop interface that all business users can navigate to significantly reduce the timeline and level of effort required to create a customized solution.Certa Studio 2.0 is now available to new and current customers. To learn more, please visit: getcerta.com For more information, visit www.getcerta.com. Follow Certa on Twitter and LinkedIn to stay up to date. ABOUT CERTA: Based in the San Francisco Bay Area, Certa is a leading no-code supplier lifecycle management platform, eliminating onboarding bottlenecks, and empowering companies to easily do business with good companies. Founded in 2015, Certa uses more than 100+ integrations with trusted data sources and systems to automate and orchestrate workflows, allowing for 3x quicker third-party vendor onboarding while minimizing risk and increasing transparency. Certa has onboarded over a million companies across 120 countries for clients that range from leading tech firms to Fortune 500 companies. Learn more at https://www.getcerta.com.

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SUPPLY CHAIN

NI to Enhance its Global Supply Chain Operations by Selecting Kinaxis

Kinaxis Inc. | August 09, 2022

Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, has been selected by NI to undergo a digital supply chain transformation, gaining end-to-end visibility and laying the foundation for continued business growth.NI, headquartered in Austin, Texas, has developed automated test and automated measurement systems for more than 40 years. By leveraging the Kinaxis RapidResponse® platform and concurrent planning technique, NI will enhance the company’s supply chain planning process and supporting technologies, resulting in a more flexible, agile, and resilient supply chain. “A critical component of the NI growth strategy is targeting segments with powerful growth drivers, including electric and autonomous vehicles, wireless communication, and new space technology. Our highly differentiated technologies and offerings enable our customers to constantly evolve their testing systems to get to market faster, To ensure strong relationships with all of our customers, we are committed to modernizing our supply chain process for timely delivery. The unique capabilities offered by Kinaxis align with our priority to serve our customers with the speed and accuracy required. In return, our business will be more predictable and process efficient.” -Adam Rutkovszky, Director of Supply Chain Transformation, NI With Kinaxis, NI will have complete transparency across its supply chain and the ability to balance all aspects of the demand and supply plans instantly and continuously, taking into consideration material restrictions, geographical standards, and market volatility. When changes inevitably occur, the company will be able to run multiple scenarios, simultaneously, removing planner guesswork. “Global supply chains are complex, and part of our people matter here approach aims to remove repetitive tasks and empower supply chain planners to be better equipped to handle disruption and make impactful business decisions We are thrilled to work with NI and support its supply chain, helping them to continue to innovate and provide solutions to their customers.” -John Sicard, Kinaxis CEO About Kinaxis Inc. Everyday volatility and uncertainty demand quick action. Kinaxis® delivers the agility to make fast, confident decisions across integrated business planning and the digital supply chain. People can plan better, live better and change the world. Trusted by innovative brands, we combine human intelligence with AI and concurrent planning to help companies plan for any future, monitor risks and opportunities and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste. For more Kinaxis news, visit Kinaxis.com or follow us on LinkedIn or Twitter.

Read More

SUPPLY CHAIN

Vertex joins John Deere supply base

Vertex Software | July 16, 2022

Vertex Software, Inc., a pioneer in 3D manufacturing visualization and cloud collaboration technology, announces that they have been selected as a supplier to Deere & Company, a leading global manufacturer of agricultural, forestry, and other heavy equipment and an Industry 4.0 innovator. John Deere employees will use Vertex to access the state of the factory, service needs for equipment, forecast planning, and gather information about how equipment functions in real time. They can access the content on any computing device in seconds, including tablets, laptops, and smartphonesBy pushing 3D information data beyond the engineering department, Vertex's purpose-built software will support John Deere's Industry 4.0 initiatives, including Smart Connected Factory programs, by delivering real-time, actionable 3D data across manufacturing and business operations. The Vertex 3D Platform dramatically reduces the time, cost, and effort needed to use 3D visualizations across the manufacturing value chain. The platform will help John Deere build and deploy fit-for-purpose apps that deliver decision-making systems with rich, interactive 3D content. The sheer size and sensitive nature of CAD data, the cost of 3D hardware and software, and the number of data formats and software systems have made it nearly impossible to use 3D product data beyond engineering. Now, Vertex makes it possible to engage customers, employees, suppliers, and partners with 3D data wherever they are on whatever devices they use. Vertex extends the reach of 3D data to reduce supply chain bottlenecks, accelerate time-to-market, and increase sales by providing easy access to viewable 3D information that enhances productivity and reduces expenses. "For the first time, manufacturers have a truly effective way to leverage their 3D data assets beyond engineering, We're like Netflix for CAD. You can now reach everyone, everywhere, instantly with 3D." -Dan Murray, CEO & Founder of Vertex Software About Vertex Software Vertex Software offers cloud-based 3D solutions that enable manufacturers to unleash the full potential of their CAD and PLM investment. Vertex solutions drive customer satisfaction, grow market share, engage suppliers and partners, and energize employees with secure, cost-effective cloud-based solutions that eliminate the use of large data files. Vertex customers include industry-leading manufacturers, with several listed in the Fortune 500. Learn more at vertexvis.com.

Read More

SUPPLY CHAIN

Certa Launches Next Evolution of Third-Party Risk Management Amid Record Supply Chain Disruption

Certa | July 01, 2022

Certa – a leading supplier management platform – released Studio 2.0, a new version of its industry-leading no-code workflow design product, to help organizations more effectively navigate and overcome supply chain disruptions.Amid ongoing globalization challenges, record inflation, and a looming recession, procurement teams need speed and flexibility to adapt to market changes. Studio 2.0 equips businesses with exactly that – enabling procurement to rapidly onboard new suppliers, optimize compliance, and manage risk in a more flexible manner, without any IT bottlenecks. “The COVID-19 pandemic and war between Russia and Ukraine have proven that interconnectedness comes with great vulnerability. Governments are requiring greater hygiene with rules and regulations that make international business relations harder than ever. As a result, companies are confronted with compliance challenges and are quickly reorganizing their supply chains, Certa enables businesses to overcome today’s market complexity and manage the entire supplier lifecycle at scale – from quickly onboarding and ensuring compliance, to continuously monitoring risk and ESG rankings. Throughout the global chaos, we’ve seen too many businesses playing catch up because IT couldn't respond to their needs fast enough. Studio 2.0 solves this problem by enabling business users to quickly and easily change business processes and onboard new partners.” -Jag Lamba, founder, and CEO of Certa According to recent research from Forrester, 87 percent of procurement decision-makers recognize the importance of accelerating their response to the ever-changing market. However, as procurement teams tackle the reorganization of supply chains, the burden of onboarding, managing compliance, and mitigating risk is heavier than ever. Supplier onboarding and partner management have become an organization’s first line of defense against growing security concerns, new regulations, and volatile consumer demands. Certa is a lifeline for businesses that need to quickly partner with new suppliers in the wake of global changes, regulations, and skyrocketing costs. Certa’s enhanced capabilities with this new release empower businesses to easily manage compliance through a constantly evolving supplier landscape, all while mitigating the inherent risk that comes along with market fluctuation and volatility. In a time where trusted partners have never been more critical, Certa’s Studio 2.0 allows businesses to be more agile and informed than ever before. Certa’s Studio 2.0 is the next generation of Certa’s no-code platform, allowing users greater flexibility with new modules, clear visibility into process dependencies, and a more responsive, drag-and-drop interface that all business users can navigate to significantly reduce the timeline and level of effort required to create a customized solution.Certa Studio 2.0 is now available to new and current customers. To learn more, please visit: getcerta.com For more information, visit www.getcerta.com. Follow Certa on Twitter and LinkedIn to stay up to date. ABOUT CERTA: Based in the San Francisco Bay Area, Certa is a leading no-code supplier lifecycle management platform, eliminating onboarding bottlenecks, and empowering companies to easily do business with good companies. Founded in 2015, Certa uses more than 100+ integrations with trusted data sources and systems to automate and orchestrate workflows, allowing for 3x quicker third-party vendor onboarding while minimizing risk and increasing transparency. Certa has onboarded over a million companies across 120 countries for clients that range from leading tech firms to Fortune 500 companies. Learn more at https://www.getcerta.com.

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