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Your Best Side-Kick For Achieving Supply Chain Management Goals

Technology has become more than a support mechanism: it's a strategic tool redefining the rules of engagement. The supply chain sector is a fast-paced environment, and technology has become an essential ally. Its role is more than a support mechanism; it's a strategic tool redefining the rules of engagement. The digital era has ushered in transformative technology to streamline supply chain management. Among these, the P-F interval and predictive maintenance stand out. The P-F interval, indicating the time from a potential failure's first detection to its actual occurrence, is a cornerstone of predictive maintenance. By identifying these failures early, corrective action can be planned before the equipment fails. Sensors embedded in supply chain equipment play a vital role here. They monitor parameters like vibration, temperature, and pressure to detect potential failures and alert the supply chain manager. This information is then used to plan corrective action and prevent equipment failure. 

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Move It or Lose It: Supply Chain Resiliency Through Automation

The COVID pandemic has served as a reminder of the importance of supply chain resiliency. Natural disasters, political instability, transportation disruptions, and manufacturing problems are all threats to the movement of raw materials and goods. To reduce costly delays and better anticipate and mitigate future disruptions, organizations must embrace cloud computing and advanced AI technologies like large language models, machine learning, and robotics. According to an article by Supply & Demand Chain Executive, automation is the key to ensuring supply chain resiliency.

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SCI Wins "Overall Analytics Solution of The Year" Award From SupplyTech Breakthrough

SCI, a leading Canadian 3PL provider specializing in e-commerce fulfillment and transportation management, announced today it is the recipient of the "Overall Analytics Solution of The Year" award in the annual SupplyTech Breakthrough Awards. The awards, conducted by SupplyTech Breakthrough - a leading independent market intelligence organization, evaluates and recognizes standout technology companies, products and services in the supply chain technology and logistics industry around the globe.

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Compass UOL Announces Supply Chain Industry Competency Resources

Compass UOL recently announced the launch of their new Supply Chain Industry Competency Resources blog. The blog is designed to provide industry professionals with up-to-date information on the latest trends and developments in the supply chain industry. The blog will feature articles on topics such as supply chain management, logistics, and technology. It will also provide resources for professionals to stay informed on the latest developments in the industry. 

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Gartner Offers Resources to Help Make Smarter, Faster Decisions

Gartner is a global research and advisory firm that offers resources to help businesses make smarter, faster decisions. They offer a range of tools such as BuySmart, Critical Capabilities, Digital IQ, Hype Cycle, Product Decisions, and Benchmarking Diagnostics to help businesses make the most informed decisions. Gartner also provides expert guidance and templates and frameworks to help businesses with strategic planning and cost optimization. In addition, Gartner provides conferences and communities to help businesses connect with peers and stay up-to-date on the latest trends. With Gartner's resources, businesses can make the best decisions for their organization. 

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Yellow Corp. Reportedly Preparing for Bankruptcy

After years of financial struggles, U.S. trucker Yellow Corp. is reportedly preparing for bankruptcy and seeing customers leave in large numbers. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow’s ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time. Yellow, formerly known as YRC Worldwide Inc., is one of the nation’s largest less-than-truckload carriers. The Nashville, Tennessee-based company has some 30,000 employees and operates in all 50 states, Canada and Mexico. 

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New Certification in Transformation for Supply Chain Credential

The Association for Supply Chain Management (ASCM) has launched a new Certified in Transformation for Supply Chain (CTSC) credential. The CTSC credential is designed to recognize individuals who have demonstrated the knowledge and skills necessary to lead transformation initiatives in the supply chain. The credential is available to supply chain professionals with a minimum of five years of experience in the field. According to ASCM, the CTSC credential is the first of its kind in the supply chain industry. 

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New Supply Chain Challenges Require Modern Control Towers

Geopolitical activities are causing economic disruption and creating new supply chain challenges. To address these challenges, Info-Tech Research Group suggests the use of modern control towers. Control towers are a technology-driven approach to supply chain management that uses real-time data to monitor and respond to changes in the supply chain. This approach provides a comprehensive view of the supply chain, allowing companies to anticipate and respond to disruptions quickly and efficiently. 

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Joint Statement on Cooperation on Global Supply Chains

The United States Department of State recently released a joint statement on cooperation on global supply chains. The statement outlines the importance of cooperation between countries to ensure the security of global supply chains and the need for countries to work together to ensure that the global economy remains strong. The statement also emphasizes the need for countries to work together to ensure that the global supply chain is secure and that countries are able to access the resources they need. 

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Counter Forced Labor Report Released by U.S. Chamber of Commerce

The U.S. Chamber of Commerce recently released a report on counter forced labor. The report covers topics such as antitrust, climate change, data privacy, and supply chain. It also looks at workforce issues and provides an overview of the Chamber's initiatives, thought leadership, and economic data. The report is available on the U.S. Chamber of Commerce website. (https://www.uschamber.com/counter-forced-labor-report)

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