Top Certifications for Distribution & Warehousing Logistics Professionals

Warehousing and Distribution

Article | June 27, 2023

Discover future trends & innovations at upcoming warehousing conferences and events. Explore technologies, growth opportunities and networking possibilities to improve the supply chain operations. Warehousing and distribution play crucial roles in the logistics industry. To enhance the expertise and gain a competitive edge, professionals must attend logistics conferences in 2023, including the supply chain management and warehousing conferences and events. These gatherings offer a platform for industry leaders to exchange ideas, learn from experts, and explore the latest advancements. The following warehousing conferences and events will provide tailored discussions on warehouse optimization, inventory management, and process improvement. 1. ASCM Connect 2023: Europe June 27-28, 2023 | Brussels (Belgium) ASCM CONNECT 2023: Europe, held at DoubleTree by Hilton Brussels City, is a must-attend event for supply chain professionals. This networking opportunity will offer educational sessions, trending topics, and valuable insights from industry leaders like Matteo Coppola (Integrated Business Planning Director Kellogg), Hans Ehm (Senior Principal Engineer Supply Chain and Head of Supply Chain Innovations Infineon), Juliana Hsuan (Professor, Operations Management and Supply Chain Management Copenhagen Business School), and more. Logistics and supply chain industry leaders will benefit from the event by gaining knowledge on supply chain management trends and innovations. One of this logistics events further equips professionals with the tools to streamline operations, improve efficiency, and reduce costs. 2. Innovation and Industrial Logistics (ICIIL 2023) August 25-27, 2023 | Tapi (Macao) The 9th International Conference on Innovation and Industrial Logistics (ICIIL 2023) is an exclusive supply chain conference for logistics and warehouse management industry leaders. The conference will include topics like purchasing, supply chain management, transportation, and warehouse optimization. This warehouse event will offer valuable insights into the latest trends and advancements. Professionals will be able to network with experts and peers, fostering collaboration and partnerships. Attending ICIIL 2023, held at the Macau University of Science and Technology, will enable attendees to enhance their expertise, optimize operations, and stay ahead in the dynamic supply chain and logistics industry. 3. ASCM Connect 2023: North America September 11-13, 2023 | Louisville (Kentucky) An indispensable supply chain event for logistics industry leaders will have 120+ speakers, 70+ education sessions, and eight innovation labs. This premier event will offer a comprehensive program with thought-provoking insights, hands-on workshops, and networking opportunities. Keynotes by influential figures such as John J. Sullivan (Former United States Ambassador to Russia (2020-2022)), Elliott Harris (United Nations Chief Economist), and Amanda Manna (Futurist and Vice President, Singularity University) will further enhance the experience. Attending ASCM CONNECT 2023 will enable professionals to stay ahead in the dynamic supply chain industry and encourage them to enlarge their network with people having different ideas from the industry to improve business operations. 4. Automotive Logistics and Supply Chain September 26-28 2023 | Dearborn (Michigan) A pivotal event for the supply chain and logistics industry, Automotive Logistics & Supply Chain Global will offer the opportunity to regain control and confidence in North America's automotive supply chain after years of crisis. It will explore the impact of policies on supply chain operations and emphasize the importance of building diverse and inclusive teams. Key speakers include Renee Wawrzynski (Executive Director of Global Logistics at General Motors), Chris Styles (Vice President of Logistics at Lucid Motors), and Oliver Bilstein(Vice-President Production Control, Logistics, and Material Control. BMW Manufacturing Co.), and others will share valuable insights. In addition, this warehouse conference event will be equipping professionals to navigate the challenges of a rapidly changing industry. 5. LogiPharma October 04-06, 2023| Boston (Massachusetts) This event for pharma, biotech, and medtech supply chain executives in North America, has been a beacon of innovation and best practices since its inception in 2002. From a network monitoring expert's perspective, attending LogiPharma offers industry leaders in the supply chain and logistics industry an unparalleled opportunity to stay ahead of the curve. By bringing together supply chain leaders from the manufacturing and distribution sectors, LogiPharma will promote collaboration and enhance supply chain management effectiveness. Attending this logistics and pharmacy conference will enable executives to be updated with industry trends and build vital relationships through interactive sessions and workshops by key speakers like Samir Gami (Sr. Director of Advanced Customer Capabilities Johnson & Johnson - Janssen), Ed Ram (Sr. Director, Supply Chain Sagent Pharmaceuticals), David Sokoloff (Director, Global Logistics & Materials Management Novavax), and more. Prepare to transform the business and build a resilient supply chain in the dynamic pharmaceutical industry. 6. Logistics Technology USA 2023 November 1-2, 2023 | Dallas (Texas) To foster growth and disruption in the logistics industry, Logistics Technology USA is the premier event where logistics technology innovators gather. This warehouse management conference will offer logistics service providers the opportunity to experiment, break barriers, and create the future of logistics. With a focus on cutting-edge technologies like machine learning, drones, robotics, and artificial intelligence, attendees can gain valuable insights to enhance their businesses. Key speakers will share their expertise, including Pritha Mehra (Chief Information Officer and Executive Vice President of USPS), Ben Cubitt (Senior Vice President of Procurement and Engineering Uber Freight), Geoff Kelley, and others. Further, the conference will offer valuable sponsorship opportunities to get your brand in front of prospects and clients who can transform your business. The networking sessions also facilitate meaningful connections, helping kickstart sales cycles and accelerate business development efforts. 7. 7th Annual European Supply Chain Management Summit November 07-08, 2023 | Las Vegas (US) The European Supply Chain Management Strategies Summit is a leading supply chain conference that will offer senior leadership case studies and solutions. This event's primary focus will be to improve logistics and inventory management, implement IoT and new technologies, enhance supplier collaboration and transparency, and mitigate process risks. Additionally, the event is CPD accredited, ensuring the best opportunities for professional development. The event will also be enriched with inputs from the following key speakers, including Angelo Dalporto, a renowned expert in logistics and inventory management, Damodar Hegde, an authority on implementing IoT and new technologies, Leon van der Merwe, a specialist in supplier collaboration and transparency, Luke Kerr, a seasoned professional in risk mitigation strategies, and Sebastian Sołtys, an expert in workforce leadership and engagement. Their valuable perspectives and knowledge will help improve the supply chain warehousing and distribution strategies. 8. Future Supply Chain November 28-29, 2023 | Torrey Pines (California) Unlock the secrets to achieving total visibility in your supply chain at the upcoming digital supply chain event. With a staggering 69% companies lacking complete transparency, this event is a must-attend for supply chain and logistics industry leaders. The event will provide practical insights from end-user case studies and guide how to implement transformative technologies to propel the supply chain forward. The event will also boast an impressive lineup of key speakers, including Dave Campbell (Associate Director of Supply Chain Transformation, Proposals, & Comms), Sree Duggineni (Executive Director, Supply Chain Operations), Imara Charles (Vice President, Process and Digital Excellence), Marcus Handy (Director of Supply Chain and Operations), Ivy Huynh (Head of Logistics, Supply Chain), Reginald Mingot Blanc (Vice President of Operations & Integrated Supply Chain), Alexandra Garyn (Senior Director of Supply Chain Management), and Hari Perumal (Chief Supply Chain Officer). 9. The Global Destination for Logistics and Supply Chain Innovation February 05-07, 2024 | Caesars Forum (Las Vegas) Experience the future of logistics at Manifest, the premier gathering that will unite Fortune 500 global supply chain executives, logistics service providers, innovators, and investors in Las Vegas. This exclusive event will showcase the latest advancements in logistics tech and end-to-end supply chain practices that will help shape the industry's landscape. Supply chain and logistics experts will have unprecedented access to industry leaders and thought-provoking sessions that will provide valuable insights into emerging trends and strategic opportunities. Key speakers include Zane Adams (Co-Founder of EVP Strategy and Development FedUp Foods PBC), Moid Alwy (Chief Supply Chain Officer at EVP), Ian Arthurs (CEO & Founder at Circular.co), Andy Bair (Founding Partner at Sway Ventures), Amiee Bayer-Thomas (Chief Supply Chain Officer at Ulta Beauty), and Stephanie Benedetto (CEO & Founder of Queen of Raw). 10. IWLA Convention & Expo 2024 April 21-23, 2024 | Orlando (Florida) The 2024 IWLA Convention & Expo is an event for warehousing leaders of North America's logistics and supply chain industry. This supply chain convention will offer a unique opportunity to connect, learn, and network with fellow logistics leaders. Whether you're a first-time attendee or a returning participant, the convention promises valuable experiences and connections that can enhance one's profession in the warehousing industry. Joining this event will provide insights into the latest trends and best practices and foster new relationships and a wealth of ideas to drive warehouse logistics operations forward. In addition, this premier gathering of warehouse industry professionals will also emphasize the solutions and experiences of the key speakers from the industry. Key Takeaway Attending logistics conferences such as the supply chain management conferences and warehousing conferences & events in 2023 is essential for professionals in the logistics industry. These events offer valuable opportunities to exchange knowledge, learn from experts, and explore the latest advancements in supply chain management and warehousing practices. Professionals will be able to optimize their supply chains, enhance warehouse operations, and gain a competitive edge in the dynamic business landscape by participating in these gatherings. Drive business success by leveraging the techniques and networking opportunities, these industry-leading events provide.

Warehousing and Distribution

Article | July 17, 2023

Improve supply chain operations with innovative inventory management best practices. Uncover the techniques for achieving exceptional supply chain performance in the B2B competitive marketplace. Effective inventory management is critical for businesses seeking to optimize their supply chain operations and improve their warehousing & supply chain distribution efficiency. By employing demand optimization techniques, inventory management aims to strike the right balance between meeting current and anticipated future demand while minimizing unnecessary inventory costs. Organizations that maintain optimal inventory levels can mitigate challenges associated with inventory, such as overstocking and stockouts. In supply chain management, inventory optimization is vital, as it directly impacts organization’s ability to thrive. For any enterprise selling products, the effective management of goods is essential. Without adequate stock levels for sales or fulfilling customer orders, revenue generation and overall income can be severely hindered. Inefficient inventory management, leading to stock shortages, can create stumbling blocks for businesses. Conversely, improper stock tracking resulting in excess inventory can strain financial resources. As these issues compound, it further contributes to inventory imbalances, eventually leading to bottom-line losses from expired or redundant stock. According to a recent Statista survey, 40% of the supply chain industry has already adopted advanced technologies to optimize its inventory and using networking tools. The above data signifies the importance of optimizing and managing inventory for improved supply chain performance. Inventory analytics, typically overseen by an inventory manager, offer valuable insights that aid in understanding and enhancing inventory performance. Inventory management best practices help achieve effective inventory optimization, crucial data points encompassing products, suppliers, procurement, purchases, and sales that are meticulously tracked within the inventory management system. These data, in turn, serve as the foundation for formulating inventory metrics aimed at demand optimization. This article explains the techniques to optimize and manage inventory with the inventory management best practices that helps overcoming challenges, addressing procedural considerations, and highlighting the significance of implementing these methods. Additionally, it explores the benefits of adopting solution for improved supply chain distribution network. 1. Implementing Standard Inventory Review Systems To enhance supply chain operations, adopting standard inventory review system is essential, which can significantly contribute to inventory optimization efforts. Two effective methods to review systems include the continuous review system and periodic review system. In the continuous review system, fixed quantities of items are ordered in each cycle, providing a steady and consistent approach to inventory management. On the other hand, the periodic review system involves collecting products at predetermined intervals, considering the inventory levels at that specific moment. Embracing these standardized review systems empowers businesses to streamline inventory processes, maintain optimal stock levels, and improve overall supply chain efficiency. 2. Streamline Stocktake Supply chain operations can be improved by streamlining the stocktaking process, which involves meticulously counting and managing inventory. A well-structured stocktake procedure ensures accuracy and prevents losses by keeping staff engaged and focused. To achieve accuracy and earn profits, businesses must: Schedule stocktakes strategically to minimize disruption in regular business operations. Prioritize cleaning and organizing the stockroom before the stocktake to facilitate efficient counting. Clearly define the item count and the counting methods to eliminate guesswork. Conduct comprehensive stock counts, leaving no room for assumptions. By implementing these measures, businesses can optimize inventory management, identify discrepancies promptly, and maintain precise stock records. The streamlined stocktake process contributes to smoother supply chain operations, reduces inventory-related errors, and enhances overall productivity and profitability. 3. Utilize Cloud-Based Inventory Management System Transitioning from Excel inventory management to a cloud-based inventory management system is critical to enhancing supply chain operations. It is considered one of the most used inventory control best practices. Unlike locally-installed applications, cloud-based software offers numerous advantages, enabling businesses to pay for essential features and effortlessly upgrade as needs evolve. Companies can efficiently manage costs with a predictable subscription fee tailored to feature requirements and team size. Seamless upgrades become hassle-free as business growth justifies a move to a more robust platform, ensuring scalability. Additionally, cloud technology provides continuous support, ensuring smooth operations and quick issue resolution. With a dedicated support team on standby, businesses can focus on optimizing inventory management, managing warehouse automation, and driving overall productivity. Embracing cloud-based inventory management is a business-changing decision that unlocks increased agility, accessibility, and cost-effectiveness for long-term success. 4. Implement Adequate Quality Control Practices Enhancing supply chain operations requires the implementation of robust quality control practices. Accurate quality control processes play a pivotal role in maintaining inventory quality, directly impacting customer satisfaction and business growth. Effective steps include developing comprehensive checklists, outlining stock-taking procedures, followed by standard operating procedures to qualify or disqualify products with effective warehouse management systems. By adhering to these protocols, businesses can prevent issues of overstocking or understocking, ensuring customers receive only appropriate merchandise. Companies can strengthen their reputation, increase operational efficiency, and cultivate lasting customer loyalty through this inventory optimization best practice. The seamless integration of quality control practices into the supply chain fosters a thriving business environment built on excellence and customer-centricity. 5. Preparing Well Planned Inventory Budget A well-structured inventory budget is one of the industry-used inventory management best practices to enhance logistics distribution and supply chain processes. Managers commonly utilize an annual inventory budget, meticulously prepared before procuring inventory. The budget is designed to encompass the total cost of ownership for the upcoming accounting period, encompassing materials cost, fixed operational expenses, transportation and logistics charges, redistribution costs, and other miscellaneous expenses impacting the inventory's total cost of ownership. By crafting a comprehensive inventory budget, businesses gain financial clarity, optimize resource allocation, and ensure efficient inventory management throughout the year. A well-planned budget empowers informed decision-making, minimizing financial risks and driving overall supply chain success. 6. Carrying Safety Stock Inventory Operations in the supply chain require safety stock inventory – a strategically maintained surplus of inventory to protect against market demand and lead time fluctuations. By implementing safety stock, businesses can avoid revenue loss, customer attrition, and declining market share that may arise in its absence. Safety stock is vital with the advantages it offers: Protection against sudden surges in demand. Prevention of stockouts, ensuring uninterrupted customer service. Compensation for inaccuracies in market forecasts. A buffer for longer-than-expected lead times, averting production delays. Incorporating safety stock as a fundamental inventory management best practice empowers companies to achieve operational supply chain resilience, optimize customer satisfaction, and maintain a competitive edge in the dynamic market landscape. 7. Optimize Inventory Turnover Rates Optimizing inventory turnover rates is a critical metric that frequently measures inventory sold or used within a specific timeframe, typically a year. Calculating turnover rates provides valuable insights into market demand, identifies obsolete stock, and guides inventory management decisions. Inventory turnover can be improved through various strategies, such as experimenting with pricing to attract more customers and boost sales, liquidating obsolete stock to free up capital and storage space, forecasting customer demand accurately to maintain optimal inventory levels, and redistributing inventory among warehouses for better stock availability. By optimizing inventory turnover rates, businesses can reduce carrying costs, minimize stock obsolescence, and enhance overall supply chain efficiency, as well as gaining competitive advantage in the market. “It’s been my observation that the business world has a weak understanding of inventory management and control. They are trained shallowly, and sometimes they apply only shallow experience to their practices. Sometimes, that works out great. In my 30 years of experience, however, I have seen that a lot of money can be saved by training and managing inventory control in-depth.” -Inventory Control Expert Dr. Pyke Final Thoughts Adopting advanced inventory management best practices is crucial for supply chain optimization in the competitive B2B environment. Standardized inventory review systems and streamlined stocktakes optimize control and accuracy, minimizing disruptions. Cloud-based inventory management offers scalability and continuous support, facilitating data-driven decisions. Adequate quality control ensures inventory quality, driving customer loyalty. Well-planned budgets lead to financial clarity and precise resource allocation. Safety stock inventory and optimized turnover rates fortify businesses against uncertainties, boosting efficiency and profitability. By embracing these practices, logistics professionals can enhance supply chain potential, achieve lasting success, and gain a competitive advantage in the market. With a data-focused approach, these strategies pave the way for streamlined operations, stronger customer relationships, and sustained growth.

Warehousing and Distribution

Article | June 16, 2023

Efficiency is crucial for B2B supply chain success. Effective supply chain management techniques can streamline operations, reduce costs, and enhance customer satisfaction from planning to delivery. Contents 1. Strategic Planning to Enhance Supply Chain Optimization 1.1 Roadmap for Developing Supply Chain Optimization 1.2 Integrating Supply Chain Strategy with Business Strategy for ROI Growth 2. Effective Procurement Strategies to Maximise ROI in Supply Chain 2.1 Supplier Relationship Management 2.2 Cost-effective Procurement Processes 2.3 Continuous Improvement and Innovation 2.4 Risk Management and Mitigation 3. Optimizing Supply Chain with Effective Demand Forecasting Techniques 3.1 Anticipate Future Demand 3.2 Overstocking and Understocking Risk Management 3.3 Integrated Forecasting approach between Supply Chain Stakeholders 4. Emerging Technologies for Supply Chain Optimization Leveraged by Enterprises 4.1 AI and ML 4.2 Blockchain Technology 4.3 IoT 4.4 Augmented Reality and Virtual Reality 5. Leading Solution Providers for B2B 6. Conclusion Optimizing the B2B logistics and supply chain management has become a crucial business strategy to increase efficiency, cut costs, and boost customer satisfaction in the fiercely competitive business environment. With the increasing customer demand, supply chain managers now emphasize on faster, more precise, and unique ways to fulfill orders with enhanced logistics management techniques. “Companies that optimize their supply chain operations experience a 2.3 times greater EBITDA (earnings before interest, taxes, depreciation, and amortization) than their competitors.” (Source - A survey by Deloitte in 2020) Despite the significance of supply chain optimization, it is challenging to keep up with the latest industry trends and best practices due to the dynamic nature of the logistics industry. Learning the value of optimizing the B2B supply chain and how it can assist businesses in keeping up with the ever-growing demands of their customers through planning, strategizing and leveraging technologies helps businesses maintain a competitive advantage and achieve sustainable growth. 1. Strategic Planning to Enhance Supply Chain Optimization To achieve optimal results, businesses must develop a comprehensive plan outlining their supply chain improvement goals, objectives, and strategies. 1.1 Roadmap for Developing Supply Chain Optimization Developing a roadmap for supply chain optimization includes reviewing current operations that help in identifying the strengths and weakness of the supply chain management and assist in recognizing the opportunities for improvement, establishing SMART goals and objectives, defining strategies to meet these goals, involve streamlining processes, investing in technology, improving supplier relationships, and engaging customers and actions, as well as ensuring market adaptability to accommodate changing market conditions and evolving customer needs through assessment and adjusting the roadmap. 1.2 Integrating Supply Chain Strategy with Business Strategy for ROI Growth Integration of the supply chain involves aligning the supply chain objectives with the overall business goals, such as revenue growth, cost reduction, and customer satisfaction. The integration ensures the supply chain operations support the business goals, like cost reduction, customer satisfaction and revenue growth. "Companies that successfully integrate their supply chain and business strategies can reduce operating costs by 10-15% and increase efficiency by 20-30%.” (Source - A study by Accenture in 2020) The alignment further helps track KPIs and data-driven decision-making and continuously improves the supply chain operations to achieve objectives. Furthermore, it assists in better planning, coordination, and execution of supply chain activities, resulting in faster and more accurate fulfillment of customer orders. 2. Effective Procurement Strategies to Maximize ROI in Supply Chain Procurement strategies can raise productivity in the fast-paced logistics management and supply chain industry by optimizing the supply chain, boosting efficiency, and giving a competitive edge. 2.1 Supplier Relationship Management Effective supplier relationship management (SRM) can result in more competitive pricing, enhanced product quality, and increased dependability. To accomplish SRM, businesses must identify key suppliers, develop partnerships, communicate effectively to ensure clear expectations and mutual understanding, share information and collaborate to foster innovation and continuous improvement. 2.2 Cost-effective Procurement Processes Implementing cost-effective procurement procedures can help businesses reduce expenses and enhance productivity. To achieve cost-effectiveness, businesses should streamline operations to save time and money, leverage technology to automate processes and improve accuracy and negotiate with suppliers for better pricing and terms. 2.3 Continuous Improvement and Innovation Continuous improvement and innovation are necessary for logistics and the supply chain to remain competitive. This involves regularly reviewing and updating procurement processes, supporting supplier innovation, and keeping up with procurement and supply chain management technology trends and developments. 2.4 Risk Management and Mitigation Effective risk management and mitigation strategies are essential to prevent disruptions in the supply chain. To achieve this, businesses should focus on identifying potential risks and developing mitigation strategies, incorporating redundancy into the supply chain to minimize the impact of disruptions, and establishing transparent emergency communication and escalation procedures. 3. Optimizing Supply Chain with Effective Demand Forecasting Techniques 3.1 Anticipate Future Demand Accurate demand forecasting is crucial for supply chain optimizing done by analyzing real-time supply chain data to identify trends. For demand forecasting, businesses can utilize historical sales data, market trends, and customer feedback. To make accurate forecasts, companies must consider various factors influencing demand, such as seasonality, economic conditions, and shifting customer preferences. 3.2 Overstocking and Understocking Risk Management Demand forecasting errors can lead to overstocking and understocking in supply chain management. Using demand forecasting rightly can determine the optimal inventory level at any given time to avoid overstocking and understocking. Businesses can predict demand and adjust inventory by analyzing sales data, market trends, and other factors. 3.3 Integrated Forecasting approach between Supply Chain Stakeholders The integrated forecasting approach entails coordinating data sharing and communication between all supply chain stakeholders, from suppliers to customers. Stakeholder participation in demand forecasting improves accuracy. In addition, each stakeholder has unique knowledge and perspective that can help identify trends and patterns. 4. Emerging Technologies for Supply Chain Optimization Leveraged by Enterprises 4.1 AI and ML Leading SCM providers do offer regression modeling and causal analysis for demand forecasting. Using AI and ML, the functionality is embedded within the DP module. If a more rigorous and sophisticated approach is desired, it is possible to forecast demand numbers outside the SCM system using sophisticated modeling and then upload them back into the SCM system. 4.2 Blockchain Technology Blockchain enables secure, transparent, and decentralized transactions. It can be utilized in the supply chain to track the movement of goods, reduce the risk of fraud, and increase supply chain visibility by maintaining an immutable record of every transaction. 4.3 IoT To monitor humidity, temperature control, and other environmental factors that affect the quality of products while in transit. IoT helps businesses enhance supply chain visibility, reduce product spoilage risk, and enhance customer satisfaction using modern temperature control technology. 4.4 Augmented Reality and Virtual Reality AR and VR technologies are transforming the supply chain by improving the accuracy of inventory management, reducing errors, and enhancing the training of employees. In addition, its tools can be used to create digital representations of warehouses, products, and equipment, allowing employees to visualize the supply chain and identify areas for improvement. 5. Leading Solution Providers for B2B Several leading B2B companies have been identified based on research for supply chain optimization. To optimize supply chains, these companies have demonstrated a commitment to strategic planning, effective procurement strategies, and demand forecasting techniques. The solution providers also recognize the significance of managing risks associated with overstocking and understocking and have implemented integrated forecasting approaches with their supply chain partners and customers. In addition, these companies use emerging technologies such as augmented reality, virtual reality, cloud technology, machine learning and AI, blockchain technology, and the IoT to improve their supply chain operations. By prioritizing supply chain optimization, the following B2B companies gain a competitive advantage within logistics and supply chain industries and provide exceptional customer experiences. Coupa Software The supply management solutions offered by Coupa Software are hosted in the cloud and make use of machine learning and artificial intelligence to provide businesses with insights that can be used for data-driven decision-making.It assists businesses in tracking the performance of their supply chains compared to key performance indicators, identifying areas in which advancements can be made, and taking action to optimize their supply chain operations. Stord Stord a platform provider, offers a suite of software solutions that improve supply chain management for businesses. Its warehousing, transport, and inventory management solutions are integrated into a single platform. As a result, Stord offers companies greater visibility and control over their supply chains, allowing them to make more informed decisions and optimize operations by combining these functions into a single platform. Roambee Roambee is an artificial intelligence (AI)-powered platform that provides improved supply chain and visibility solutions for real-time, on-demand, and end-to-end data. Using cloud data analytics and automation, it assists in monitoring shipments, inventories, and returnable assets to provide dependable and responsive monitoring solutions. The result is a return on investment (ROI) of 4X or more on the supply chain assets by optimizing inventory levels and utilization. FlowSpace FlowSpace offers cloud-based supply chain solutions. With an internet connection, businesses can access real-time inventory, orders, and shipments from anywhere. Its solutions optimize inventory and demand fulfillment with machine learning and predictive analytics. In addition, IoT sensors and beacons provide accurate warehouse operations data for the company. FlowSpace uses cutting-edge technology to provide efficient and effective supply chain solutions. OPTEL Group OPTEL Group's cutting-edge traceability solutions help businesses optimize their supply chain. These solutions permit businesses to track their products and materials throughout the supply chain, from production to distribution. It's traceability solutions provide businesses with real-time visibility into their supply chain operations by utilizing advanced data capture technologies such as barcode scanning, RFID, and serialization. This allows them to identify potential bottlenecks, optimize workflows, and decrease waste and inefficiency. Blue Ridge Blue Ridge,a provider of cloud-based supply chain solutions, has developed a suite of solutions that make use of machine learning and artificial intelligence to improve the accuracy of forecasts, reduce the costs associated with inventory, and increase company's profitability. It does this by providing businesses with flexible and scalable solutions, as well as ones that can be adapted to meet the particular requirements of each business. GMDH Streamline GMDH Streamline makes use of complex algorithms to perform data analysis and provide insights that, when implemented in B2B logistics operations, can lead to increased efficiency and a reduction in costs. This software can analyze past sales data and make predictions about future demand patterns, which helps to ensure that the right products are always available for purchase. Because of this, there will be less of a need for excessive stockpiling, which can prevent the free flow of capital and raise the risk of stock obsolescence. Netstock Netstock's cloud-based solutions provide businesses the agility and responsiveness they need to stay competitive in the ever-changing business landscape. With its seamless integration with industry-leading ERPs, Netstock unlocks valuable ERP data and enables businesses to make informed decisions based on enhanced analytics. In addition, by leveraging Netstock's solutions, businesses can respond swiftly to supply and demand fluctuations, resulting in optimized logistics and efficient supply chain management. Solvoyo With Solvoyo's platform, businesses can optimize their supply chain performance, reduce inefficiencies, and achieve cost savings. In addition, the platform offers advanced scenario modeling and real-time analytics to help companies to make informed decisions and quickly adapt to changing market conditions. By leveraging Solvoyo's capabilities, businesses can achieve a competitive advantage and drive growth in the dynamic world of supply chain management. American Software, Inc. American Software provides logistics and supply chain companies with supply chain management software solutions. Its solutions including supply chain planning, warehouse management, transportation management, global trade management, and vendor inventory management are intended to assist businesses in optimizing their B2B logistics operations, increasing their efficiency, and lowering their expenses. In addition, it provides modern temperature control technology to ensure safe and efficient transport of temperature-sensitive goods in the supply chain. 6. Conclusion “The global supply chain management market size is expected to reach USD 37.4 billion at a CAGR of 11.3% by 2027." (Source - Grand View Research) The anticipated growth of the global supply chain management market presents businesses with opportunities to enhance their supply chain operations by implementing innovative technologies and strategies. The increase in market size indicates a growing demand for efficient supply chain management solutions that reduce costs, optimize efficiency, and improve customer satisfaction. Businesses can use AI, blockchain, and augmented reality to analyze real-time data, forecast demand, and streamline procurement. These technologies and strategies can give logistics and supply chain management businesses an edge in the increasingly competitive marketplace.

Article | June 27, 2020

With half a million people benefited in 60+ countries, the Tomorrow Rising Fund is now focusing on education and professional training programs to secure the best future for young people and their communities affected by COVID-19. Two months after launching the Tomorrow Rising fund to support Covid-19 emergency relief in April 2020, Schneider Electric’s Foundation moves forward to support recovery and resiliency through education and training programs. The Tomorrow Rising Fund was launched to support emergency and longer-term reconstruction related to Covid-19 in all the countries where Schneider Electric operates. The Schneider Electric Foundation appealed to its leaders and employees to get involved and all their donations have been matched by the Group. Other external stakeholders and partners have also contributed.