Join us for this exciting episode, as we discuss Sumitomo Corporation of America's innovative approach to inventory optimization, as they collaborated and partnered with Optilogic, and how they incorporated a simulation-based model to convert inventory into "ready money."Hosts Scott Luton and Greg White welcomed Evrim Ertugrul, Deputy Head of Corporate Logistics at Sumitomo and John Ames, Jr., VP of Business Development at Optilogic for an excellent conversation that highlighted:The complexity and pressure businesses face, with increased awareness of the supply chain due to events like the great toilet paper shortageA critique of traditional inventory optimization methods that fail to model real-world demand variability and are based on outdated assumptions like average demand and static upstream service levelsSumitomo's collaboration with Optilogic on a project named Cosmic Frog, where they use a genetic algorithm to run many simulations, creating a risk-free environment that assists in decision-makingThe simulation's ability to handle various types of demand profiles and the concept of moving towards a digital twin for supply chain operations using advanced modeling techniquesAdditional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeLearn more about Optilogic and Cosmic Frog: https://www.optilogic.com/cosmic-frog/2023 Q3 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIkWEBINAR- Unleashing the Potential of Distribution for a Better Supply Chain: https://bit.ly/3umO3fPThis episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/sumitomo-corporation-americas-tunrs-inventory-ready-money-1202

Modern manufacturing is no longer limited to the dark, dirty, and dangerous jobs of the past, especially with progressive, forward-thinking leaders bringing their organizations into the future.In this episode of Supply Chain Now, sponsored by Microsoft, hosts Scott Luton and Kevin L. Jackson engage in an insightful conversation with Aneesa Muthana, the CEO and co-owner of Pioneer Service and M&M Quality Grinding. Aneesa shares her journey starting from her upbringing on her parents' manufacturing shop floor to becoming an award-winning figure in the industry. The discussion delves into various aspects of manufacturing, including the importance of promoting the industry to the younger generation, the evolution of manufacturing roles, and the significance of diversity, equity, and inclusion (DEI) in driving innovation and widening the candidate pool.Listen in as Aneesa highlights: The role of digital transformation in the industry, emphasizing the importance of human involvement alongside technologyWorkforce challenges like AI's impact on jobs, and the necessity of empowering and training the workforce in the era of Industry 4.0The importance of strong core values such as integrity and stewardship in building a strong organizational cultureJoin us for this episode that encapsulates inspiring stories, practical insights, and actionable advice from Aneesa Muthana, offering a comprehensive view of the current landscape and future prospects within the manufacturing sector.Additional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribe2023 Q3 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIkWEBINAR- Unleashing the Potential of Distribution for a Better Supply Chain: https://bit.ly/3umO3fPThis episode is hosted by Scott Luton and Kevin L. Jackson. For additional information, please visit our dedicated show page at: https://supplychainnow.com/making-happen-manufacturing-conversation-1201

The Supply Chain Buzz is Supply Chain Now’s regular Monday livestream, held at 12 noon ET each week. This show focuses on some of the leading stories from global supply chain and global business, always with special guests – the most important of which is the live audience!In this episode of the Buzz, host Scott Luton welcomes special guest Vin Vashishta, CEO of V Squared, as they share and discuss some of the top news in supply chain. Listen and learn as Scott and Vin discuss:The demand for cold storage warehouse spaceHow retailers are beginning to report lower inflation and prices across their supply chainsThe latest news in the upheaval at OpenAIAnd much more!Additional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeJoin the NOW Community: http://bit.ly/41kpUSO2023 Q3 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIkWEBINAR- Unleashing the Potential of Distribution for a Better Supply Chain: https://bit.ly/3umO3fPThis episode is hosted by Scott Luton. For additional information, please visit our dedicated show page at: https://supplychainnow.com/supply-chain-buzz-1200

Jerry Collins and Todd Kovi discuss the importance of understanding and effectively utilizing AI in supply chains. They emphasize stakeholder involvement and the necessity of quality data, problem identification, and a dynamic approach for successful implementation. The speakers address challenges such as dirty data, unrealistic expectations, and the human-technology paradox in adopting AI solutions.

In this latest installment of the featured series here at Supply Chain Now, "Making Better Supply Chain Bets with the Power of Probabilities," powered by our friends at Noodle.ai, hosts Scott Luton and Greg White lead a deep dive into the frontiers of generative AI with distinguished guests Professor Robert Burgelman and Steve Pratt from Noodle.ai. The conversation unfolds with a fascinating exploration of Professor Burgelman's strategic leadership insights, intertwined with Noodle.ai's expertise. The Possibilities Frontier Curve takes center stage, outlining the boundaries of AI's potential in the enterprise. The episode navigates through the evolution of generative AI, shedding light on shifts from deterministic to predictive models and exploring the evolving dynamics between humans and AI. C-level executives emerge as pivotal players in steering responsible innovation, with a concluding call for businesses to partner with industry leaders like Noodle.ai to expertly navigate the dynamic landscape of the AI frontier on Supply Chain Now.Additional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeJoin the NOW Community: http://bit.ly/41kpUSO2023 Q3 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIkLearn more in Robert's book, " Strategy-Making and Organizational Evolution: A Managerial Agency Perspective": https://bit.ly/3G5Bzf2Learn more about Noodle.ai: https://noodle.ai/This episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/navigating-generative-ai-frontier-1198

The Supply Chain Buzz is Supply Chain Now’s regular Monday livestream, held at 12 noon ET each week. This show focuses on some of the leading stories from global supply chain and global business, always with special guests – the most important of which is the live audience!In this monthly Digital Transformers edition of the Buzz, Scott Luton and co-host Kevin L. Jackson share and discuss some of the top news in digital transformation, technology, and cybersecurity. Listen and learn as Scott and Kevin discuss:Some of the lessons learned in the digital transformation of supply chain in manufacturingThe rise of compressed digital transformations and how cloud technology empowers organizations to navigate these changes effectivelyThe Australian port operator that's back online after a cyber incident How to navigate digital transformation from manual to automatedAnd much more!Additional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeJoin the NOW Community: http://bit.ly/41kpUSO2023 Q3 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIkThis episode is hosted by Scott Luton and Kevin L. Jackson. For additional information, please visit our dedicated show page at: https://supplychainnow.com/buzz-digital-transformers-edition-bits-bots-barcodes-1197

By industry definition, a change order is when a customer requests a change to a parameter on an existing order. It will often change the requested delivery date, quantity, maybe the product itself, requesting an alternative. As today's guest shares, they regularly happen, and you have to build a process around them.In today's livestream-based episode, Business Development Manager with Esker, Graham Smith joins hosts Scott Luton and Greg White to discuss the complexities of change orders in B2B customer service and the impact they have on customer satisfaction and business operations. Listen in and learn:the necessity and challenges of managing change orders effectivelyhow to adjust policies and practices related to managing change orders and employing modern technology to streamline the process and improve the overall customer service experiencethe importance of aligning people, process, and technology to execute operations, and much more.Additional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeJoin the NOW Community: http://bit.ly/41kpUSO2023 Q3 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIkThis episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/impact-change-orders-b2b-customer-service-team-1196

In 2022, U.S. Bank processed $46 billion in freight payments for some of the world’s largest corporations and government agencies. Those payments and the data that accompanies them are analyzed quarterly by Bobby Holland, U.S. Bank Vice President and Director of Freight Data Solutions, and his team. The FPI report includes quarter-over-quarter, year-over-year, and full-year data and analysis.In this livestream, Bobby shared key takeaways from the Q3 2023 report, including revealing that shipping volumes, rates, and spend are all continuing to decline. He was joined by Tom Comstock, CFO for Kirsch Transportation, and discussed the results of the Q3 2023 report with hosts Scott Luton and Greg White. Listen and learn:Which regions were most impacted by diesel prices and soft consumer spendingWhich regions saw smaller drops and which regions had significant changeWhat trends are likely to continue in the coming months and what will affect the potential for market stabilizationAdditional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeJoin the NOW Community: http://bit.ly/41kpUSO2023 Q3 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIkThis episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/analysis-us-bank-2023-q3-freight-payment-index-1195

The Supply Chain Buzz is Supply Chain Now’s regular Monday livestream, held at 12 noon ET each week. This show focuses on some of the leading stories from global supply chain and global business, always with special guests – the most important of which is the live audience!In this episode of the Buzz, Scott Luton and guest host Allison Giddens welcomed special guest, Vice President of Sourcing Execution for Georgia-Pacific, Carrie Shapiro, to get her take on the top news stories and some trends she's noticing in global supply chain. Listen in as Scott, Allison, and Carrie discuss:Transformers shortages and the impact on energy market and supply chainsHoliday shipping predictions for 2023Three top global supply chain trends that Carrie has her eye on Key takeaways from September's Women in Manufacturing event And much more!Additional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeJoin the NOW Community: http://bit.ly/41kpUSO2023 Q3 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIkThis episode is hosted by Scott Luton and Allison Giddens. For additional information, please visit our dedicated show page at: https://supplychainnow.com/supply-chain-buzz-georgia-pacific-1194

Join hosts Scott Luton and Greg White as they welcome Mike Griswold, VP Analyst at Gartner, back for his popular monthly series, Supply Chain Today & Tomorrow. In this episode, they discuss and analyze three crucial supply chain stories, covering the UAW strike and its impact on the automotive industry, Amazon's fulfillment strategy changes, and sustainability efforts in the seafood supply chain by grocery chains. Listen through to the end as these three experts wrap up with a reflection on a recent Eureka moment from their conversations with business leaders. Tune in for in-depth insights and analysis on these supply chain topics.Additional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeJoin the NOW Community: http://bit.ly/41kpUSO2023 Q3 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIkThis episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/supply-chain-today-tomorrow-1193