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Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Today’s article is from Ahmad Jiwani at Coupa and looks at supplychain design. How often do you revisit and update your supplychain designs?
However, the lag in the Sales and Operations Planning (S&OP) cycle exacerbates issues like inaccurate forecasting, reduced agility, higher error rates, increased costs, limited scenario planning, and sustainability challenges, ultimately undermining supplychain performance and eroding executive confidence in the supplychain as a value driver.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supplychain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supplychain strategy.
When it comes to supplychain design, we’re at another inflection point in the industry. The first one arrived a few years ago when a growing number of companies started treating supplychain design as a continuous business process instead of a standalone project or a once-a-year exercise.
Massive supplychain disruptions are being experienced around the globe, and the causes are many and complex. Factors affecting the supplychain. When China shut down operations in a bid to contain Covid-19, supplychains ran out of material. How can businesses create the supplychain of the future?
Whether you’re planning to benchmark your supplychain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supplychain component. A lot will depend on the nature of your industry and the categories of supplies that you receive.
Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.
Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supplychain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supplychain.
As a supplychain director, manager, or boss of a multinational corporation, where the supplychain is an integral part of your business, supplychain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for SupplyChain Cost Reductions.
It is a well-known fact that supplychain is increasingly becoming digital. But is simply adding a digital component to the complex supplychain network enough to make it efficient? The survey revealed that “intelligent automation capabilities help increase the annual revenue growth by up to 10 percent”.
Mars has been on a journey to transform their digital supplychain. In 2019, Will Beery was appointed the vice president and tasked with leading the company’s global digital supplychain transformation. Mars’s Digital Transformation Mr. Beery started by asking, “what does a digital supplychain mean for us?”
A new white paper from a supplychain consultancy suggests retailers are too fragmented in their approach to determining their Costs-To-Serve (CTS) and should instead adopt CTS analysis as a core, business-critical initiative for informing future decisions and direction. “In CLICK HERE to download the full white paper.
Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supplychain. However, remember that products or subassemblies that never made it out of the factory may need to travel backwards one or more stages along the supplychain.
Supplychains are complex entities. While customer satisfaction is a hugely important criterion by which supplychain success is judged, so is supplychain profitability. While customer satisfaction is a hugely important criterion by which supplychain success is judged, so is supplychain profitability.
The success of your business links inextricably to the performance of your supplychain. you have to make your supplychain successful too. SupplyChain and Business Success By the Numbers. Conversely, just 8% of businesses with less capable supplychains report above-average growth.
Today’s supplychains are fraught with uncertainties across demand and supply yet are tasked with adding incremental value to their organizations while also meeting commercial, working capital and sustainability goals. The challenge for supplychain teams lies in increasing knowledge to create value amid this complexity.
If you were to tell me that your company had never looked at its supplychain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supplychain cost reduction, I wouldn’t be surprised at all.
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales over $19 billion, more than 80,000 employees and more than 60 manufacturing and technology research centers globally. Supplychain management was not always a competitive advantage for Whirlpool.
Robotic process automation (RPA) leverages innovative softwaretools that can either partially or fully automate human activities to become more efficient and productive. Smart technology based on machine learning and AI chatbots are beneficial for several critical systems and functions within the supplychain.
Some of the world’s biggest retailers and their partners are once again feeling the sting of “ the bullwhip effect ” – a term of art amongst supplychain professionals that describes how changes in demand at the retail level can reverberate and amplify issues throughout the supplychain. All aboard.
Through its extensive span of activities, the supplychain sector offers wide-ranging possibilities for employment and career progression. In a different context, online retailer Amazon spotted inefficiencies in the supplychains of other companies. The SupplyChain Career Environment.
Watchdog platforms, 3PL companies, and technology can be important allies in the war against rising cargo crime numbers. Specialized data analysis firms such as Cargonet have found that cargo theft is peaking and the losses being suffered by manufacturers, shippers, and logistics service providers have reached historic highs.
If your enterprise is new to trading in a multichannel environment, you may have experienced challenges in the following areas: Supplychain visibility: Omnichannel distribution networks can be complex and fragmented. You will probably find, from your initial analysis, that your cost-to-serve follows the 80/20 rule.
The impact of supplychain performance on the success of a business is significant, but often underestimated, even within companies well-versed in supplychain management. Look for the signs, recognise the symptoms and if you need it, get some help to fix these important supplychain issues.
At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supplychain and business strategy along with eight other important levers for supplychain performance improvement. A Long History of SupplyChain Strategy Misalignment.
9 Golden Rules for Meaningful SupplyChain KPIs. I’ve written many posts on this blog about the importance of having a supplychain strategy that’s aligned with the overall business plan, and why it is a mistake to have misaligned strategies. Golden Rule #1: Meaningful KPIs Require a Meaningful Strategy.
In the fulfillment industry where increasing demand, geographical obstacles, rising costs, and complex supplychains are more temperamental than a Jack Russell Terrier hyped up on sugar, it is vital that 3PL team members are on the same page. And, of course , that the page they’re on is informed, thorough, and forward-thinking.
Image source: Flickr | How to Protect SupplyChain from Cyber Attacks The management of data intelligence in the supplychain presents an enormous challenge to those involved. The supplychain depends more and more on IT systems to ensure information flow and security as it develops.
Robotic process automation (RPA) leverages innovative softwaretools that can either partially or fully automate human activities to become more efficient and productive. Smart technology based on machine learning and AI chatbots are beneficial for several critical systems and functions within the supplychain.
Robotic process automation (RPA) leverages innovative softwaretools that can either partially or fully automate human activities to become more efficient and productive. Smart technology based on machine learning and AI chatbots are beneficial for several critical systems and functions within the supplychain.
There are different tools, goals, and market dynamics. Transportation procurement needs to support both customer service and a company’s internal supplychain goals. But service is paramount in a vertically integrated supplychain with perishable products. An RFP is a data intensive exercise.
Here is an overview of the most valuable benefits: More informed freight spending: Because freight benchmarking involves the analysis of carriers and the rates paid by companies using them, it gives you an evolving picture of clarity about your freight spending. The Pros and Cons of Procuring a Benchmarking Tool.
Robotic process automation (RPA) leverages innovative softwaretools that can either partially or fully automate human activities to become more efficient and productive. Smart technology based on machine learning and AI chatbots are beneficial for several critical systems and functions within the supplychain.
Robotic process automation (RPA) leverages innovative softwaretools that can either partially or fully automate human activities to become more efficient and productive. Smart technology based on machine learning and AI chatbots are beneficial for several critical systems and functions within the supplychain.
Few people realise how much software runs today’s cars, observes Les Hatton, emeritus professor of forensic software engineering at Kingston University, UK. “We We sit at home and can’t work out why the printer isn’t working, and then we’ll get in a car where there’s probably more software underneath,” he says.
As youll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supplychain strategy development and alignment. As a result, weve discovered that many companies lack a defined and documented supplychain strategy. Step 1: What do Your Customers Want? What do You Need to Know?
As we close in on the end of the year, supplychain professionals are already planning for what 2023 will bring. o9 Solutions’ supplychain experts and leaders are sharing their insights on the trends that could become prevalent in 2023 and beyond. Supplychains will become the strategic drivers of business.
Often, in our experience, the problem is a human one… It’s not the data, not the process, not the technology, or the strategy, but the people. Pundits typically emphasize data and digital technology when proselytising for the S&OP concept. The SupplyChain Head. Why S&OP Needs a Lot of Human Investment.
The purpose of a warehouse is to provide storage of products to meet customer demands and inventory allows the decoupling of demand and supply. Often this inventory is used to smooth out the supplychain from disruptions (whatever they might be). All of these symptoms potentially are a sign that a slotting exercise is overdue.
In an attempt to help you keep your supplychain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supplychain KPIs.
A lack of confidence in the capability of the supplychain by operational commanders to deliver timely results often results in a “store forward” mandate, regardless of downstream consequences. The obvious absence of competition from other operational imperatives made some decisions a little easier.
Technology Services. SupplyChain Management. The Infosys global supplychain management blog enables leaner supplychains through process and IT related interventions. Discuss the latest trends and solutions across the supplychain management landscape. Publishing Resources Industries.
At Georgia Southern, we dispel this by illustrating the dynamic nature and variety of daily activities a supplychain manager encounters. All of our logistics and supplychain management programs incorporate online education to some extent. We have different tools to incorporate these trends in our program.
Where to Start with a Product Slotting Analysis To start with, find out which products are picked the most and place them as close as possible to what we call the centre of gravity of the warehouse, where dispatch is situated. To do a proper analysis though, we need to go a bit more in-depth.
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