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For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on Supply Chain Digital Transformation projects. Digital Transformation Journey.
Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. The sudden onset of COVID-19 only reinforced a lesson that supply chain professionals had already realized: uncertainty is the only real certainty. There are Also Commercial Reasons.
The definitions are confusing because the space is so dynamic and ever-changing. Enterprise Resource Planning (ERP). Supply Chain Security Analysis. Contingency / Crisis Planning. Non-asset based – companies that don’t own assets like brokerages, service providers, etc. these companies tend to invest in technology.
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. Today’s article is from Ahmad Jiwani at Coupa and looks at supply chain design. How often do you revisit and update your supply chain designs? Once a year?
I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. Three major trends are driving growth in this industry whichcan be attributed to regulatory pressures such as the Uyghur Forced Labor Protection Act, advancements in AI, and supply chain innovations. from Canada and Mexico.
Companies and supply chains continue to face unprecedented challenges and, in some cases, unprecedented opportunities. To be successful in this volatile environment leaders must focus on supply chain planning and more specifically Integrated Business Planning (IBP).
I am continuing my series on simple definitions and thoughts in Supply Chain Management. Today, we will cover all things Demand Planning and I will follow this with a sub-post dealing with the topic of CPFR (Collaborative Planning, Forecasting and Replenishment). Best Practices in Demand Planning 1.
Many large enterprises use one form or another of a supply chain application to help manage their supply chains. Supply chain vendors have been touting their investments in artificial intelligence (AI) for the last several years. Lead times, for example, are a critical form of master data for planning purposes.
In December 2006, I published an article titled “ S&OP or just good supply chain planning ?” The article looked at what Sales and Operations Planning is, what it isn’t, and whether companies were on the right path to implementing it. What is Sales and Operations Planning? . I still agree with th is today. .
So, there is definitely a valid reason why the ILWU is resisting so much against automation over the last two decades. Many importers who were in the business back in 2014 remember that the summer of 2014 was a reminder of how fragile the supply chain is. Because of four months of slowdowns at ports, U.S. West Coast and one on the U.S.
The above Chinese New Year scenario has been the regular cycle in shipping for so many years and all stakeholders are used to this and all planning has been done based around this cycle. Below are what we expect to be major potential issues for the supply chain in both the short and medium-term. China’s Zero-Covid Policy.
The definitions are confusing because the space is so dynamic and ever-changing. Enterprise Resource Planning (ERP). Supply Chain Security Analysis. Contingency / Crisis Planning. Non-asset based – companies that don’t own assets like brokerages, service providers, etc. these companies tend to invest in technology.
A year before, in 2014, a Harvard Business Review article pointed out that supply chains were becoming increasingly global and complex and consequently more at risk than before. Supply chain disruptions. Until recently, supply chains and other business functions focused on efficiency and cost. Supply chain resilience.
As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing?
Many companies were in the midst of digitally transforming their supply chain when the Convid-19 pandemic hits. In this part 2 article, let us continue to explore the concrete actions we can take in our Digital Supply Chain journeys. Plan and Execute for Success.
This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. Coupa also offers a robust, market share leading, supply chain design solution. The supply chain design solution, for example, continues to grow in depth and usability.
Before the COVID pandemic ran through the supply chain, in-network resiliency had never been tested or tried extensively. Today, the definition of supply chain resiliency has been changed in ways that have caused ripple effects. Real-time data is critical to the supply chain’s smooth operations day in and day out.
Transportation management systems (TMS) have transformed from a desirable perk to a critical necessity for continued growth and success within the supply chain management networks. It’s a Tool for Optimizing Loads and Capacity Planning. It Analyzes Data Across the Full Network to Enable Financial Planning and Strategy.
In this blog he provides a simple reference guide to better yourself as a supply chain leader. and/or capabilities of the supplier and meet companies' short- and/or long-term supply needs. You can read the detailed technical definition here. Lead Time Reduction in Supply Chain. What Value You Will Get?
There’s been a lot thrown at supply chains lately. Many of you might be wondering what Trinity is doing to stay agile during these supply chain bottlenecks. Let’s first quickly dive into what the supply chain is currently facing, and then we’ll go into how Trinity keeps moving forward. Current Supply Chain Bottlenecks.
Contrary to general opinion, the causes of the supply chain disruptions currently being experienced worldwide were prevalent long before the Covid-19 pandemic. . The current war in Ukraine will further destabilize the global supply chain. Securing the supply of raw materials to keep the business going should be the highest priority.
Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. In fact, SYSPRO research revealed that 60% of businesses were impacted by supply chain disruptions during the pandemic. Warehousing KPIs.
By integrating company data with data from supply chain partner’s businesses can identify areas of intervention beyond the company’s own processes. ESG reporting and analysis Data is one of the most important requirements of an ESG program. It is only with the analysis of data that situations can be visualized and changes made.
In the supply chain sector, just like any industry, we have a multitude of terms that are commonly used.So, I decided to create this list to help you decipher any supply-chain-related terms that you come across for the first time. ABC Inventory Control: An inventory control approach using ABC analysis and classification as its basis.
The logistics industry has changed over the last decade, with outsourcing emerging as a cornerstone of a modern supply chain strategy. Many companies use outsourcing to meet their product demand, even if they don’t use it for their entire supply chain operation. No Pain; No Gain?
Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. Today, the question is more about how much inventory is sufficient to safeguard the supply chain from disruption. inventory turnover days.
In December 2006, I published an article titled “ S&OP or just good supply chain planning ?” The article looked at what Sales and Operations Planning is, what it isn’t, and whether companies were on the right path to implementing it. What is Sales and Operations Planning? . I still agree with th is today. .
Editor’s Note: Almost 14 months ago we wrote one of our most popular posts entitled, “ The History of Supply Chain and Logistics Management ” contained a bit of history, definitions, and a great infographic visually going through the history of supply chain and logistics management. It’s staggering.
Let’s take a look at what happened with the major themes, as well as the research and analysis we conducted in 2022 to help determine what those themes will look like in 2023. Theme 1: Global supply chains will be busy, congested and chaotic. Theme 4: Sustainability will become an opportunity, not a challenge for supply chains.
Let’s put a major multinational – Saint-Gobain – under the microscope to illustrate how this kind of analysis. The 2030 roadmap is targeting a reduction in CO2 emissions of 33% for scopes 1 and 2, and of 16% for scope 3, versus 2017 ( definition for scopes 1, 2, and 3 ). Who is Saint-Gobain? Compagnie de Saint-Gobain S.A.
What roles in logistics and supply chain can you do from home? Most customer service teams also meet daily to plan deliverables for the day, these calls are very effective when done in person but are not necessarily ineffective when done over teleconferencing. Definitely a role that will transition well to a home based environment.
In a prior post , I wrote about the various ways data is transforming global supply chains. I like the simplicity and clarity of Informatica’s definition of data quality: Data quality refers to the overall utility of a dataset(s) as a function of its ability to be easily processed and analyzed for other uses. So, what is quality data?
It is a well-known fact that supply chain is increasingly becoming digital. But is simply adding a digital component to the complex supply chain network enough to make it efficient? According to IBM, integrating supply chain with customer insight is essential for the success of the omnichannel. Definitely not.
The primary objectives of the initiative are: To provide prospective and existing USERS of transportation management systems with ongoing insights, analysis, and advice about the vendor landscape and the latest developments in the market, with an emphasis on new product innovations and “Profiles in Excellence” case studies.
Today we will talk about how supply chain mobility will aid in this pursuit, but first let's take a look at what it means to manufacturers. Each of these definitions applies to a manufacturer’s ability to produce a surplus of a product. And in today's modern world, supply chain mobility is quickly driving more efficient productivity.
” He then added, “Right now, it’s definitely not the preferred option.” Businesses may maximize their global supply chain operations and navigate the ocean freight contract season with ease if they engage in proactive planning, collaborative collaborations, and meticulous preparation.
The meaning of supply chain visibility can differ from person to person. At the current global scenario, supply chain visibility can be well defined as tracking of product from a source of production to a destination of delivery. An automatic alert will be sent to relevant stakeholders if any error occurs during the process. >
So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the efficiency of their supply chain. Firstly, let’s get a few definitions: What is inventory control? ABC analysis, will help with this.
These supply chain partners need to implement inventory best practices to guarantee SKUs are in the right store or facility at the right time to better meet customer service requirements. Neuwirth, vice president, marketing and sales, UNEX Manufacturing, provides these tips for properly handling and storing food products in the supply chain.
Supply chains are ‘strangling strategy’, with the movement of commodities so significant an issue that logistics is securitising. [1] The Review emphasised that “…better planning and management of civil-military relationships are thus essential to our future defence capability.” [8]
With the current supply chain struggles, day-to-day cargo has increased in complexity more than average. Mainly, when the customer is not accustomed to moves of this size, a carrier will need to clearly set the expectation from the beginning that there will most likely, if not definitely, be delays throughout this process.
3 Steps to Improved Reverse Logistics Three of the most critical tasks in managing returned inventory are determining which products should, or should not, be accepted as returns, calculating the cost of returns, and establishing a definitive course of action based on the condition of each item and the policies that apply to it.
Supply Chain Management. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Discuss the latest trends and solutions across the supply chain management landscape. Discuss the latest trends and solutions across the supply chain management landscape.
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