Supply chain systems

In today's fast-paced and data-driven world, accurately predicting demand is more critical than ever for businesses aiming to stay competitive. Traditional forecasting methods often provide a single-point estimate, which can be useful but falls short in accounting for the inherent uncertainties and...

During the pandemic, many manufacturers encountered sudden demand shifts and supply chain disruptions, affecting everything from raw materials to finished products. And until recently, the Baltimore port incident triggered widespread delays in cargo handling, affecting industries from automotive to...

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Contract manufacturing involves outsourcing production to third-party manufacturers, which allows companies to focus on core competencies such as design, branding, and distribution. The global contract manufacturing market was valued at USD 246.51 billion in 2022 and is expected to reach USD...

Demand forecasting is a crucial aspect of retail supply chain management that involves predicting future customer demand to make informed decisions about inventory levels, production, and resource allocation. It is a statistical analysis that considers numerous variables to optimize the predict...

Embark on a journey into the heart of the electrification revolution with our white paper. As we stand at the precipice of a transformative era, explore the forces propelling electric transportation and smart manufacturing, offering unparalleled opportunities for early adopters. The strategic...

In the dynamic realm of supply chain and inventory management, where decisions shape the balance between profit and loss, inventory distribution stands out as a key driver of revenue growth. This white paper explores the strategic significance of optimizing inventory allocation, emphasizing its tra...

Supply chain resilience is key to forecasting and mitigating the disruption of critical operations. This white paper suggests a modular framework for: Viewing technology through the lens of achieving strategic goals, approaching it as a ‘house’ built around organizations’ distinct needs and obj...

Recent sustainability legislations and regulations make due diligence a business imperative for effective supply chain management. Increasingly, regulations and local government bodies are regulating how enterprises must approach, operate, and report on their supply chain operations, both directl...

Can a mere joke trigger a catastrophic product supply shortage? Can mischievous squirrels wreak havoc on large-scale business operations? And what's the connection between beer, road closures, and transportation delays? These may seem like bizarre scenarios (see the postscript at the end of this...

Given that resilience denotes the capacity to effectively rebound from disruptions, obtaining insight into all the interconnections and processes of the supply chain becomes paramount. In earlier discussions, we have delved into the fundamental data foundations that lay the groundwork for establi...

Recent years have brought new challenges that require manufacturers to rethink their priorities, with supply chain sustainability unquestionably topping the list. Environmental, social, and governance (ESG) frameworks not only entice companies with the promise of sustainable value, but also deman...

Supply chain cyber security risks have become more complex than ever, with attack surfaces increasing due to the involvement of more suppliers and vendors in sensitive data operations. Consequently, supply chain cybersecurity must adapt to and protect against new infiltration mechanisms, resource...

Achieving supply chain resilience, especially since disruptions have become an inevitable part of business operations, is an overarching priority for any manufacturing organization today. Reaching this goal, however, is not straightforward, and is full of risks. To prevent these risks, manufacturer...

The quality of various strategic and tactical decisions, such as capacity planning, supplier selection, and inventory ordering, directly influences the efficiency and resilience of a supply chain. Limited visibility into various stages of the supply chain, insufficient data availability, and lack...

Increasing customer expectations, disruption of operations, and intense competition have placed the entire manufacturing industry under pressure. Pharma manufacturing, in particular, faces extremely complex supply chain management processes that require commercial pharma companies to monitor and un...

As businesses grow and expand in the increasingly digital on-demand economy, managing inventory has become a far more convoluted process. For example, many retail and manufacturing companies have to deal with complex environments with multiple sourcing locations, including regio...

Automotive manufacturers are embracing AI technology to gain a competitive advantage in the market. Gartner predicts that by 2026, 75% of large enterprises will have adopted some form of robotics in their warehouse operations. Additionally, 25% of manufacturers will have transitioned by then to a...

Inventory optimization encompasses the process of determining the optimal level of inventory to hold that balances the cost of holding the inventory with the cost of inventory stockouts. Holding too much inventory can lead to increased storage costs, spoilage, and poor turnover metrics. On the...

If the chaos and uncertainty of the past few years has taught supply chain leaders in the grocery retail chain sector anything, it’s that leveraging the capabilities of artificial intelligence (AI) and advanced analytics in the cloud can help them to maintain a competitive advantage in the global m...

Order sourcing decisions can be defined as the logistics decisions related to how customer orders and internal inventory requisitions are fulfilled: what nodes (warehouses, distribution centers, stores, etc.) the inventory should be sourced from, what carriers should be used to ship it, what sh...

Optimizing internal warehouse delivery processes, especially enhancing the efficiency and speed of the order picking process, has a massively positive impact on business profitability, if done correctly. There are two components of the order picking process that need to be optimized in order to...

Whether it’s pandemic, war, or climate change, there have been and will continue to be crises that impact the smooth running of supply chain and inventory management processes for businesses across industries. To mitigate risk, streamline processes, and prepare for the future, leading Grid Dynamics...

The past few years have put supply chain logistics to the ultimate test. Whether it’s pandemic, war, or climate change - there have been and will continue to be crises which impact not only manufacturing supply chains but also their consumers around the world. And while no industry can predict when...

As the world undergoes the digital transformations, accelerated by the global pandemics, omnichannel shopping experience becomes a new norm. Ship from Store turns out to be an important step on the path of establishing effective and convenient retail practice. But the transformation bri...

Supply chain optimization is one the toughest challenges among all enterprise applications of data science and ML. This challenge is rooted in the complexity of supply chain networks that generally require to optimize decisions for multiple layers (echelons) of distribution centers and suppliers, m...

In this white paper, we provide practical recommendations to technology and business leaders on how advanced data analytics and engineering capabilities can be leveraged to rapidly and efficiently respond to the COVID-19 disruption. These recommendations are largely based on early examples of respo...

The COVID-19 crisis is clearly the biggest economic disruption the world has seen in the 21st century. This disruption impacts virtually all industries and all areas of enterprise operations through market demand, supply chain, and human capital. The adverse impact of the COVID-19 pandemic and p...

Supply chain and price management were among the first areas of enterprise operations that adopted data science and combinatorial optimization methods and have a long history of using these techniques with great success. Although a wide range of traditional optimization methods are available for in...

A global retail company faced the challenge of bringing their inventory management system to the cloud. The company required their new cloud-based solution to include online and store inventory in all geographical regions, and deliver a fast and consistent database performance within each region. T...

Speed of delivery is one of the key success factors in online retail. Retailers fiercely compete with each other in this space, implementing new order fulfillment options such as Same-Day Shipping, Buy Online Pick Up in Store (BOPUS) and Ship from Store (SFS). These capabilities help to both improv...