The Business Problem One of the biggest challenges for business executives today is demand volatility in relation to demand forecasting. Whereas data availability continues to increase, customer purchase patterns are becoming increasingly complex, and therefore harder to detect or predict (Symphony Retail, n.d.). There are too many factors influencing demand, ranging from weather fluctuations [...]
If you want to use AI in supply chain management and want to use AI to automate tasks and provide actionable insights into risks and possible exceptions, the most effective way to achieve this, is to look at the conjuction of Artificial Intelligence (AI) and Machine Learning (ML). However, what is AI and what is [...]
Tradecloud launched it’s newest version of the supply chain platform for faster and cheaper collaboration within the chain. Last week, Tradecloud, the leading B2B platform for the industry, launched it’s newest version of its online supply chain platform, called: Tradecloud One. The newest version enables users to collaborate in the supply chain even more easily, [...]
Supplier Collaboration and Supplier Management are often viewed as one and the same. That’s because when you ask someone what supplier collaboration is, many see this as centralising processes or better managing suppliers. But true supplier collaboration involves developing new competitive advantages that drive growth for the entire company through better supplier working relations that [...]
92% of companies saw supply chain disruption in the wake of Corona. Some issues were inevitable; some not. However the damage would be a lot less if company supply chain management was better equipped for the 21 st century. It’s shocking almost 30% of organisations still rely on email, excel sheet, fax machines and paper [...]
16/3 Coronacrisis affects global supply chains in multiple dimensions Since the unfolding of the Coronacrisis, gradually more and more attention is being given to the consequences for the global economy. It has been interesting to witness initial reports affected the Chinese travel industry (24 January), international air travel (29 January), jet fuel in China (January 30), Chinese retail (5 February). Only later the [...]
Developing a supply chain response to the coronavirus outbreak is extremely challenging, given the scale of the crisis and the rate at which it is evolving
Source: https://www.scmdojo.com/incoterms-2020/ As per January 2020, a new set of Incoterms 2020 will become active. This is a set of trade terms which describe: Obligations: Who does what in organizing the carriage, insurance of goods, obtaining shipping documents, arranging for export or import licenses; Risk: Where and when the seller delivers the goods, in [...]
Tradecloud is working on a new major release of the platform. This is release 4 and it is called ‘Tradecloud One’. In this release we will introduce a new UI, a new high speed cloud infrastructure and develop a lot of improvements that we have learned from users and customers over the past years. This [...]
DLT stands for Distributed Ledger Technology. Digital information is stored in a database and shared among a network of multiple users/ nodes. These can be countries, websites and institutions. In this concept there doesn’t exist a central administrator or database, but the data is constantly updated and shared. So there are no middleman involved. This [...]
