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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.
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.
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.
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. Top 10 Countries supplying seafarers. Top 10 Countries supplying seafarers. By Deadweight Capacity. Officer Rank.
And because we are supply chain specialists, well, supply chain projects are our bread and butter. . You don’t need a PM background to plan and complete a supply chain project, whatever its nature. . But what does it take to prepare for managing a supply chain project? Step 1: Business Case and Buy-In .
Call it a cop-out if you like, but seriously, predicting which logistics and supply chain trends will make a difference to businesses in any given year has become notoriously difficult, given the speed at which technology in particular can suddenly disrupt the way things are done. The 6 Supply Chain Trends You Can’t Afford to Ignore.
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.
The era of paper-based systems and physically monitoring the supply chain is ending. The definition of the IoT sums it up; it is “a network of dedicated physical objects that contain embedded technology to sense or interact with their internal state or external environment.”. Supply Chain Management. Where Do We Stand Today?
Can you possibly prepare for a supply chain future that may be completely inconceivable right now? The answer is not only yes, but definitely so. However, this strategy involves more than parts of your supply chain watching for simple leaps forward in tech evolution. Bracing for “Doomsday Situations” in your Market.
Of course, if you’re an eCommerce business owner, your paths are almost guaranteed to cross, even if you never actually step foot inside a fulfillment center. So far, this scenario only involves a manufacturer and a market, so it falls under first-party logistics. Luckily, we have the scoop. Let’s begin! 1PL (First-Party Logistics).
The near-infinite processing power Cloud computing provides (along with other technological innovations) will cause everyone in the supply chain and logistics field to unlearn the way we’ve always done things, everything from the way we design software applications to how we design and manage supply chain processes. Time for a New RFP.
Here at Benchmarking Success, we exist to help our customers improve supply chain performance. Of course, the criticality of such elements is the same now as it always was. They recognise the validity of supply chain resilience as a performance factor and seek ways to strengthen it and protect their revenue streams from future shocks.
If not, you might be surprised at the many ways supply chain benchmarking can be used to understand performance, identify areas for improvement and actually turn those improvements into reality. You don’t have to wait any longer to learn why supply chain benchmarking is increasingly winning advocates in the commercial arena.
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?
Of course, more maintenance leads to higher maintenance costs. Completing planned maintenance at scheduled intervals can help reduce the risk of unexpected maintenance costs that drive up the overall cost for the used forklift. Read more on the benefits of planned maintenance. PRICE OF A NEW FORKLIFT. The result? Send me a PDF.
A press release from October of 2021 stated that solutions sold by the Group over the course of one year result in the avoidance of around 1,300 million tons of CO2 emissions over those product’s lifespan. To support supply chain operations, Saint-Gobain has a Transport Control Tower. and Data Science. million kilometers of highway.
Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.
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.
Standardise and Digitise The key to managing complexity, of course, is to be organised. In such a scenario, upon receipt of the returned item, you should ship it back to the vendor immediately or at least stage it in readiness for onward shipping. Try to establish consistency in the identification of your company’s products.
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?
If your products are solid and your business plan is sound, our sage advice will help you get the most out of your hard work and dedicated efforts. Alas, the reality of the supply chain is that, with so many moving parts, there’s a lot that you can’t control. Of course, it’s the hardest lessons that are always worth learning.
Depending on your role within the supply chain, the idea of a routing guide can either appear almost meaningless or omnipotent. At its core, a routing guide provides a clear set of instructions and activities for effective supply chain management and execution. Supply chains are too complex to rely on archaic, handwritten processes.
According to the Council of Logistics Management, it is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.
After all, you would not want your company to go out of business in the short term just to ensure some long term plan is in place. This, of course, is not true and therefore a strategic thinker is one who delivers todays results while working on a multi year strategy. Very few real strategic plans and projects can be done in one year.
Why measure the performance of a supply chain? Because a supply chain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems. However, traditional enterprise measures of performance do not work for supply chains.
Of course, more maintenance leads to higher maintenance costs. Completing planned maintenance at scheduled intervals can help reduce the risk of unexpected maintenance costs that drive up the overall cost for the used forklift. Read more on the benefits of planned maintenance. PRICE OF A NEW FORKLIFT. The result? Send me a PDF.
On the front of expanding industries and supply chains, fossil fuels’ predominant role correlates to greenhouse gas (GHG) emissions. F before 2100, with worst-case scenarios suggesting an increase of almost 8°F. As logistics are an integral part of supply chains, they affect the global distribution of goods.
I like to quote the following definition of CSR , offered by Chatham House associate fellow, Paul Hohnen. Companies have to pursue profits of course, (how else will they stay in business?) You get the idea. but they must do so in a socially responsible and environmentally-friendly way. A commitment to CSR pays off.
If not, you might be surprised at the many ways supply chain benchmarking can be used to understand performance, identify areas for improvement and actually turn those improvements into reality. Then, we’ll look at the benefits of benchmarking your supply chain. What is Supply Chain Benchmarking?
We missed someone very important—the people who delivered numerous products at our doorsteps and filled supplies in our neighbourhood stores. These are the essential workers across the supply chain who worked tirelessly to make sure goods reached customers at the right time. The turkey supply chain. Just one more normal day!
History has defined resiliency as being strong and resolute, but the new definition of resiliency will be those who understand vulnerability and prioritize agility. And in this new era of innovation, where increasing supply chain resiliency and agility is key, we cannot stand idle. This quarter, we have 177 additional features planned.
Major calendar events are – quite literally – casting their shadows ahead for the supply chain: Golden Week in China, Black Friday and Cyber Monday on November 26 and 29, and of course Christmas holidays and also Chinese New Year are already just a few logistics steps away. In all likelihood, this year will be no different.
The topic was a general update on their supply chain however a statement was made that has stuck with me. This is the definition of a true customer centric supply chain. Logistics systems, when planned properly and executed at a high level do more to grow revenue than most parts of the business - including sales and marketing.
Martin Van Creveld’s book Supplying War is perhaps the most famous critique of the typically ad hoc approaches to organisation, preparedness and logistics that characterise military performance, but he’s been followed by many more. It requires coordination between the executive and legislative branches, state governments and industry.
Why measure the performance of a supply chain? Because a supply chain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems. However, traditional enterprise measures of performance do not work for supply chains.
The relationship between Defence and industry may have initially been defined by the headline National Shipbuilding Plan , but there are now other projects which have the potential to capture the limelight. New Scenarios. How Army and industry prepares for this scenario is fundamentally important.
Of course, everything has pros and cons, including volume LTL. Precise planning can be a challenge for any company and these shipments typically move at the convenience of the carrier based on the availability of the backhaul. The post What is Volume LTL and How it Can Improve Your Supply Chain? and $25.00
Should Your Supply Chain Join the Vertical Integration Revival? Ever since the early 1970s supply chain organisations have taken on increasingly distributed structures, a shift from a long-standing tradition of vertical integration. Concerns over supply risks and disruptions. Factors Driving the Shift to Vertical.
Given that hospitals and other healthcare facilities exist only to provide care to patients, it can come as a surprise to know that supply chain cost is typically the second largest expense such facilities incur, exceeded only by the cost of labour. Hospital and Healthcare Supply: The Need for Change. Vendor-managed Inventory.
Another survey found that 73% of global consumers would “definitely” or “probably” change their buying behavior to reduce environmental impact. If your brand is positively associated with eco-friendly partners and practices, this can definitely give you a competitive edge. We hope you do!
According to their most recent annual report , a strategic goal for the company includes enhancing their global supply chain. Cardinal Health sources products globally and distributes those pharmaceutical and medical supplies in the United States through their network of distribution centers. Better labor planning is also facilitated.
In the run-up to LogiMAT, held recently in Stuttgart, we spoke to Bernard Biolchini, Executive Vice President EMEA at Dematic , one of the world’s leading manufacturers of integrated automation technology , software and services for supply chain optimisation, about the new era. Most definitely not on technology implementation as such.
In the run-up to the recent LogiMAT event, Bernard Biolchini ( pictured ), Executive Vice President EMEA at Dematic , one of the world’s leading manufacturers of integrated automation technology , software and services for supply chain optimization, spoke about the new era. Most definitely not on technology implementation as such.
That’s a lot of merchandise flowing backwards up the supply chain. Brands that have a reverse logistics plan in place make it through the returns season in much better shape than those that don’t. Of course, the opposite is also true — when handled poorly, returns can hurt your brand. It’s the dictionary definition of a PITA.
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