Posts categorized as 'Innovation'

Artificial Intelligence – sifting through the hype and the promise for forecasting

PollyMitchell Guthrie

Today I sat through a full day of talks at the International Institute of Forecasters Foresight Practitioner Conference, which was focused on the topic of “Artificial Intelligence—The Hype and the Promise for Forecasting and Planning.” There was lots of skepticism (and humor) about the hype, along with some use cases of promising results.

Different speakers attempted to define artificial intelligence (AI), with most citing machine learning as a subset of AI. I see very little true AI yet implemented, so I prefer to use the term machine learning, but for the purpose of this post I’ll refer to it as AI/ML.

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Concurrent planning, technically speaking

JustinKing

Concurrent planning, technically speaking

Pause for a moment to think about what the world’s supply chains are tasked with on a daily basis and how much they achieve. It’s staggering. Now factor in the platforms, processes, and procedures upon which many of the world’s critical supply chains are built and it quickly becomes clear that the day will come that they can no longer keep up.

With political landscapes shifting at the speed of social media, changes to global trade policies introduced on a daily basis, and a general increase in demand from consumers looking to customize and personalize every buying experience, the time has come for the world’s supply chains to evolve.

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Expanded RapidResponse capabilities are here!

AlexaCheater

Expanded RapidResponse capabilities are here!Ask more of your planning platform. Kinaxis® has expanded its RapidResponse® platform. Now you can leverage the power of the world’s only concurrent planning platform to create custom planning applications, and extend the functionality of any planning application (custom or existing) running on RapidResponse with the ability to build your own embedded algorithms or connect external ones.

Developing apps and algorithms is quick and affordable because you’re not starting from scratch. Development happens on top of the solid foundations of a trusted and secure platform boosted by decades of productized supply chain expertise. Tap into our patented database technology, best-in-class speed, scalability and synchronization across the supply chain network.

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We’re going live at the Gartner Supply Chain Planning Summit in Denver

DanielleMcNeil Taylor

Gartner Supply Chain Planning Summit from Nov. 4-5This week our team lands in Denver to participate in the first Gartner Supply Chain Planning Summit from Nov. 4-5. The goal of the Summit is to provide actionable insights and strategic guidance on how companies can improve planning agility to balance customers’ expectations and business goals.

Our team is excited to be part of this inaugural event to showcase our latest innovations that combine the power of human and machine intelligence to drive more supply chain visibility and help customers make confident business decisions in time to make a difference.

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What is concurrent planning?

AlexaCheater

There are lots of organizations that claim to have reinvented supply chain planning. They say they simplify planning by aligning different supply chain processes or functions. There’s just one problem: None have truly reached their goal. None really do concurrent planning.

While many companies claim to solve the sequential planning issues of the past, few have. They have brought parts of the planning process into the cloud, added algorithms and machine learning capabilities, or simplified reporting procedures.

But most still rely on parts of the same vicious, siloed cycle that’s been in use forever: wait for someone ahead of you to generate a plan, create your plan using their results, try to reconcile these plans with one another and eventually recognize that everyone’s plans have become meaningless in the time it’s taken to reach a consensus.

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Impacting the supply chain talent pipeline by expanding academic outreach

PollyMitchell Guthrie

Impacting the supply chain talent pipeline by expanding academic outreachTalent is top of mind for most executives as fuel for the future – but it is approaching a crisis in the supply chain world.

For the past four years, hiring qualified supply chain workers has been cited as the biggest company challenge in the annual survey conducted by MHI and Deloitte Consulting.

As older workers retire, a new crop must be hired and gain experience to replenish the gap, but the supply chain employee of the future requires digital skill sets that are in high demand across all industries. This hiring landscape means that attracting and retaining new talent is harder than ever.

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Throwback Thursday: Excel and supply chain planning

BillDuBois

Throwback Thursday: Excel and Supply Chain PlanningIt’s appropriate that I’m reading Nucleus Research’s piece “Beyond Excel in Supply Chain Planning” on a Thursday.

I’m having a throwback Thursday moment as it was back in 2013 I made the case for Excel in a blog post titled, “Hey software bullies, stop picking on Excel.”

In my blog I observed that Excel was picking up the analytical gaps found in ERP systems. And as Seth Lippincott points out in the Nucleus Research piece, the flexibility and familiarity continue to drive the use of Excel.

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Big Ideas in Supply Chain | Lippert Components: Unexpected Benefits of Kinaxis

SarahHarkins

Watch Big Ideas in Supply Chain with Lippert ComponentsIn any given year, your company manages a variety of risks that threaten to jeopardize your supply chain operations.

In 2018, Lippert Components had acquired multiple businesses, and it was projected to continue growing in 2019. It was a stellar year for the company, but this growth also brought challenges. Lippert Components had to integrate its new acquisitions into its existing reporting practices.

At the same time, its global supply chain was facing new tariffs. Luckily, Lippert Components’ supply chain planners turned the company’s risks into opportunities…

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