With the emergence of new digital technologies such as Mobility, Big Data, Cloud, Business Intelligence/AI, the IoT, etc., new and more abundant sources of data are available to improve forecasting and demand management. Companies that embrace digital and transform their demand management processes will gain significant competitive advantage. While the traditional statistical forecast may serve a baseline, demand analyses must extend across functions (silos) and include many different sources of causal data. -Rich Sherman, Senior Fellow, Supply Chain Centre of Excellence, Tata Consultancy Services
Forwarders play an important role in obtaining space on airplanes or ocean vessels at the best rate possible for shippers. Long known as a relationship business, much of the forwarders' business traditionally was done by phone, fax machine or in person. Real-time tracking and management of shipments was non-existent, transparent invoices did not exist and neither did electronic document submission. Until now – today thanks to technology and start-ups, the freight forwarding market is changing. -Cathy Morrow Roberson, Founder/Head Analyst, Logistics Trends & Insights LLC
Companies adopting an intelligent operations strategy to manage their supply chains will be in the best position to succeed in the future — if they have the right talent.
As companies digitize and integrate their enterprise and implement advanced analytics, they are learning that collaboration is the key to market leadership. Collaborative channel relationships are transforming the buyer-seller relationship from transactional to strategic. Working together to integrate and share process information, partners experience performance improvement by focusing on the least landed cost at every point in the channel versus leveraging price. Regulatory compliance for track, trace and authentication can only be realized through digitization. -Rich Sherman, Senior Fellow, Supply Chain Centre of Excellence, Tata Consultancy Services
The latest news, analysis, trends and solutions for cloud, software as a service (SaaS) and on-demand systems and their impact on supply chain management. New technologies in cloud computing are transforming the way companies do business — and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving operations through their strategic use of cloud computing and on-demand systems for supply chain management.
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