The Supply Chain Can Benefit from Analytics

TMSHigh Tech / High Touch
Written By Jennifer Joslyn

🧐 The Supply Chain Can Benefit from Analytics.

Analytics play a vital role in supply chain management by providing valuable insights into different aspects of the supply chain, including demand forecasting, inventory management, transportation and logistics optimization, supplier management, and risk management. Through data analysis in these areas, companies can recognize trends, patterns, and opportunities for enhancement, enabling them to make informed decisions to enhance their supply chain operations.

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Navigating Apple's Enduring Partnership with Chinese Suppliers Amid Global Expansion
Navigating Apple's Enduring Partnership with Chinese Suppliers Amid Global Expansion

Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.

Auto Workers' Strike Puts Small Suppliers at Risk With Heightened Financial Strain
Auto Workers' Strike Puts Small Suppliers at Risk With Heightened Financial Strain

The ongoing United Auto Workers' strike against major automakers is significantly impacting small suppliers, with some at risk of shutting down due to the disruption.

Report Reveals Tesla Depends on China for 39% of Battery Supply Chain
Report Reveals Tesla Depends on China for 39% of Battery Supply Chain

A recent analysis conducted by Nikkei Asia and Tokyo’s Fronteo has revealed that nearly 40% of the suppliers for materials used in Tesla's batteries are Chinese companies.

AeroCision Seeks to Pay Suppliers $5 Million Amid Bankruptcy
AeroCision Seeks to Pay Suppliers $5 Million Amid Bankruptcy

AeroCision, an aerospace supplier, has received interim court approval to pay critical vendors up to $5 million, including recent shipments made before filing for Chapter 11 bankruptcy.

Overstock's Bed Bath & Beyond Rebrand Attracts New Suppliers
Overstock's Bed Bath & Beyond Rebrand Attracts New Suppliers

Overstock's acquisition of Bed Bath & Beyond's intellectual property in a bankruptcy auction for over $20 million in June has proven to be a boon for the company.

Solar Supply Chain Raises Human Rights Concerns as Transparency Declines
Solar Supply Chain Raises Human Rights Concerns as Transparency Declines

A new report by experts in human rights and the solar industry has raised concerns about the solar supply chain's lack of transparency amid human rights issues.

Supply Chain Report Investigates Deforestation Linked to Palm Growing in Colombia
Supply Chain Report Investigates Deforestation Linked to Palm Growing in Colombia

An investigation by the International Union for Conservation of Nature (IUCN) Netherlands and AidEnvironment analyzed the palm oil supply chain in Colombia.

DHL Express Announces $192M Investment in Maintenance Hangar at CVG Superhub
DHL Express Announces $192M Investment in Maintenance Hangar at CVG Superhub

DHL Express is set to invest $192 million in constructing an aircraft maintenance facility at Cincinnati/Northern Kentucky International Airport (CVG), the location of its primary U.S. air hub.

CPOs Strengthen Supplier Relationships to Achieve Cost and ESG Goals, Finds Report
CPOs Strengthen Supplier Relationships to Achieve Cost and ESG Goals, Finds Report

CPOs face challenges in meeting cost plans due to inflation but are prioritizing operational efficiency, ESG initiatives, digital transformation, and cost reduction, according to a Deloitte survey.

Walmart Sets New Standards for Tuna Suppliers
Walmart Sets New Standards for Tuna Suppliers

Walmart and Sam's Club have announced an enhanced seafood policy aimed at improving transparency and data collection in the tuna supply chain.

Suppliers of Walmart have achieved 75% of their emissions goal
Suppliers of Walmart have achieved 75% of their emissions goal

Walmart suppliers have made significant progress toward achieving the retailer's goal of reducing greenhouse gas emissions from its value chain.

Chief Supply Chain Officers are addressing inventory challenges in their organizations
Chief Supply Chain Officers are addressing inventory challenges in their organizations

Bill Benton, the co-founder of Gains, highlights the reasons why planning processes often fail to effectively address inventory challenges.

Crunching Numbers: Unveiling Supplier Quote Intelligence
Crunching Numbers: Unveiling Supplier Quote Intelligence

Maximizing the business intelligence obtained from supplier information is crucial in manufacturing.

Big Lots Innovates Sourcing Strategies to Address Product Shortages
Big Lots Innovates Sourcing Strategies to Address Product Shortages

Big Lots, in response to product shortages caused by the closure of UFI, has adopted various procurement strategies.

Walmart Partners with Suppliers to Reduce Prices
Walmart Partners with Suppliers to Reduce Prices

While supply chain disruptions have eased, inflation continues to persist.

Strategies for Collaborating with Diverse Suppliers
Strategies for Collaborating with Diverse Suppliers

A recent study by Supplier.io has stated that there are 5 ways successful companies can boost business with minority-owned firms to attain a more diverse supplier base.

COVID-19 forced suppliers to cancel orders
COVID-19 forced suppliers to cancel orders

In 2020, the coronavirus swept the world and had a detrimental impact on the economy.

Polyfluoroalkyl substances (PFAS) in supply chains can be managed
Polyfluoroalkyl substances (PFAS) in supply chains can be managed

PFAS are a group of man-made chemicals that are used in a variety of industrial and consumer products, including food packaging, non-stick cookware, and firefighting foam.

European middlemen to Amazon are being cut out of the deal
European middlemen to Amazon are being cut out of the deal

The latest effort of Amazon is to cut as many costs as possible, including buying products directly from brands instead of using middlemen.

Supply chain slavery risk increases with poor procurement practices
Supply chain slavery risk increases with poor procurement practices

Modern-day slavery is a serious human rights issue that affects millions of people around the world.

American retailers are asking suppliers to slow down on sending merchandise
American retailers are asking suppliers to slow down on sending merchandise

An excess of merchandise is sitting untouched on US retail companies’ shelves.

Supplier diversity metrics are not yet the norm, despite industry push
Supplier diversity metrics are not yet the norm, despite industry push

Creating a diverse supplier chain seems to be at the forefront of the minds of CEOs, however only 38% of companies actually measure any metrics to make that happen.

Accounts Payable should be a priority for logistics managers
Accounts Payable should be a priority for logistics managers

Fostering good and cohesive relationships with suppliers may not be a top priority for a logistics manager.

Jennifer Joslyn
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