Supply Chain Development Projects

Projects to help stand out for E-Commerce Companies! One of the common domains you will find 𝗗𝗮𝘁𝗮 𝗦𝗰𝗶𝗲𝗻𝘁𝗶𝘀𝘁𝘀 working in an E-Commerce company is Supply Chain. The goal of supply chain management in e-commerce is to ensure the efficient movement of goods from suppliers to customers while minimizing costs and maximizing speed and reliability. A few key metrics to remember are - 𝗢𝗿𝗱𝗲𝗿 𝗙𝘂𝗹𝗳𝗶𝗹𝗹𝗺𝗲𝗻𝘁 𝗧𝗶𝗺𝗲: The time it takes from receiving an order to deliver it to the customer. 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗧𝘂𝗿𝗻𝗼𝘃𝗲𝗿: How frequently inventory is sold and replaced over a specific period. 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗖𝗼𝘀𝘁𝘀: Total costs associated with the supply chain, including shipping, warehousing, and inventory costs. 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗔𝗰𝗰𝘂𝗿𝗮𝗰𝘆: The accuracy of demand forecasting compared to actual sales. 𝗢𝗻-𝗧𝗶𝗺𝗲 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗥𝗮𝘁𝗲: The percentage of orders delivered on or before the promised date. A few projects to look into are - 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗢𝗽𝘁𝗶𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 Optimize the supply chain network to minimize costs and improve delivery times. Dataset: Supply Chain Logistics from Kaggle https://lnkd.in/gQfreDqx ML Formulation: Linear Programming, Optimization Algorithms 𝗗𝗲𝗺𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 Predict product demand to optimize inventory levels and reduce out-of-stock situations. Dataset: Walmart Store Sales Forecasting from Kaggle https://lnkd.in/gT27tWgc ML Formulation: Time Series Forecasting, Regression Looking for more projects? Get the guide from BuildML https://lnkd.in/gQ5BqEPH

Fail or Success!? Both can be the results of the #PilotProjects. Let's see what were the results of the recent pilot projects in the area of Digital Trade Facilitation. The pilots involved real, cross-border shipments between the UK, Singapore, and Thailand, including: Pilot 1: An aerospace engine part was shipped from Singapore to the UK for maintenance via airfreight - Singapore Aero Engine Services Private Limited (SAESL) case. Pilot 2: A repaired engine part was transported from the UK back to Singapore, also via airfreight - Johnson Partners Ltd case. Pilot 3: Food and beverage products were shipped from the UK to Thailand via containerised cargo Big C Supercenter Public Company Limited). The goal of the pilot projects was to identify the benefits of digitalizing supply chains, examine the processes required for its implementation within businesses, and find solutions to overcome the associated challenges. The project was carried out with selected companies, including through the digitalization of specific elements of their supply chains. The approach used a simple but effective "traffic light" system to classify digitalisation progress: 🟢 Green: Documents and processes that were successfully digitised during the pilot. For example, in the SAESL case, documents like the Consignment Note, Commercial Invoice, and Packing List were fully digitised during the "Create order requirements" process. 🟠 Orange: Documents and processes that are expected to be digitised within the next 12 months. In the Big C case, this includes ERP entries for process "Advise order details to Purchasing Department". 🔴 Red: Documents and processes identified as barriers to digitalisation (either in the public or private sector). In the Johnson Partners case, the "Engagement with service providers via digitalisation platform" was highlighted as an area needing further development. This classification helps businesses understand the achieved results, future opportunities, and current barriers to full digitalisation, providing a roadmap for further improvement. What stood out the most from the report: 🚚 Reduction in shipment time: The projects reduced processing times by up to 40%. 📝 Significant reduction in paperwork: Over 80% of documents were successfully digitalised. ✉️ Reduction in email traffic: Communication chains were streamlined, speeding up decision-making and reducing administrative burden. 📈 Improvement in productivity: Staff could focus more on high-value tasks, thanks to less manual handling of documents and communications. The relevance of this topic is undeniable, and the results are truly compelling. I believe these pilots should encourage businesses worldwide to explore, implement, and embrace trade digitalisation! #TradeFacilitation #DigitalTransformation #PaperlessTrade #InternationalTrade Well done, Louise Beazor, British Chamber of Commerce Singapore (BritCham) and the team! Aleksandr Orel

China is encountering new challenges in optimizing its merchandise distribution network amidst its expanding economy and global prominence. To address these challenges effectively, leveraging simulation and digital twin tools can significantly enhance cost-efficiency and elevate customer service standards. Similar to optimization projects worldwide, key components for a successful initiative include: - Forming a knowledgeable project team that considers product intricacies and network components. - Compiling data on network structures, transportation links, and their respective volumes over time. - Analyzing financial information related to transportation links to establish cost per unit for simulation purposes. - Consolidating fixed asset details, inventory specifics, and product categorizations. - Validating operational costs within a 5% margin annually, collaborating closely with the financial department for validation. - Strategizing various scenarios to achieve project objectives such as consolidation, territorial expansion, cost reduction, and inventory optimization. - Conducting simulations, validating assumptions through market research, and confirming feasibility. - Streamlining options by eliminating impractical choices based on predefined evaluation criteria. - Focusing on 2-3 viable scenarios for in-depth feasibility analysis. This approach offers substantial benefits including reduced transportation and warehousing expenses, enhanced customer service levels, quicker delivery times, increased supply chain flexibility, and improved inventory turnover. For tailored optimization frameworks or models based on specific business cases, geographies, or constraints like green logistics or last-mile delivery, GCL can provide detailed solutions. Share your experiences and insights to further enrich the optimization process. #SupplyChainOptimization #supplychain #Logistics #CustomerService #BusinessStrategy #Transportation #Inventory #Procurement #gclgroup