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With a 37-year career, primarily focused on supply chain, he brings vast expertise in areas such as sales, customer service, logistics, distribution, global trade, procurement, sustainability, supplier diversity, and supply chain strategy leadership. He also co-leads the St.
In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events. All the products and services purchased by procurement and supply chain organizations can be categorized into this two-by-two matrix.
The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes. Flexibility to schedule rate bid events based on business needs. Some items on a shipper’s “Wish List” for freight procurement are flexibility, visibility, and efficiency.
The toilet paper shortage was one of the COVID era events that taught people what the term “supply chain management” meant. Multinationals knew that events could occur that could cost them tens, or hundreds of millions of dollars. But these events were not predictable – they might happen, they might not.
Together, we can offer a complete solution that covers the digital procurement of both spot and contract freight services, across air, ocean, road, and rail. We estimate that tenders account for some 50%-70% of freight procured, at the lower end for air, at the higher end for ocean.
in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. This intermediate step is more related to Procurement and supply chain transparency. Any final thoughts?
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Maintaining all past and future promotional events in a database. Maintaining outlier events that have influenced demand patterns or supply availability . Modeling the impact of weather events.
Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur. Of course it would!
It also allows them to communicate proactively with customers in the event of vehicle maintenance issues, heavy traffic, or other conditions that might delay delivery. Of course, every company with a distribution fleet to manage will have achieved some degree of maturity in the route optimisation journey.
Adjust supply chain design more frequently than ever: As radical shifts in the centers of gravity of demand take place and the often-used transportation modes become inaccessible, organizations need to revisit their supply chain design and dynamically course correct. Create a Baseline for your Cost-to-Serve.
The answer is to benchmark your freight, of course. The benefit of this is that you’ll be in a more proactive state when unforeseen events or crises arise with minimal warning. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool.
In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. These “events” are turned into supplier scores, and if significant the score goes flagged in the Oracle procurement system. Now Oracle is working to connect these scores to the planning systems.
You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Networking.
The answer lies in identifying supply chain disruptions — from a big event, like a port closure, to smaller day-to-day performance exceptions — at the earliest possible moment. As disruptive events occur along the digital thread, the entire organization can act in a fluid, connected manner to optimize costs, service levels and other outcomes.
Instead of trying to cut costs silo by silo, these companies take an integrated view of operations (product design, procurement, manufacturing, supply chain management). Of course, some design issues are strategic and take longer to implement, but many offer quick efficiency improvements. Procurement: Buy Better, Spend Better.
History can inform how we approach the next significant event. Keep your eye on events well before they occur. Robinson offices, procurement teams, and customers. When he’s not working, Vince enjoys spending time with family and friends, watching his favorite Chicago sports teams, and hitting the golf course.
The skills enhancement program, dubbed Strategic Capabilities Planning, will include a mix of internally supply chain programs, systems education and external APICS courses – APICS is now part of the Association for Supply Chain Management. The 2017 hurricane season,” Mr. Herzog said, “was a big event on our journey.
He will even train it to recognize his friends at the door and of course, make sure he is able to know what is going on with his new daughter, Max, at anytime of the day. and Smart Factories all powered by the Internet of Things will make running a supply chain as easy as pushing buttons (of course this all means it was set up correctly!).
I intend to hold low-cost, or even free, Supply Chain Secrets seminars in countries and regions that don’t often receive exposure to this type of educational event. I’ve been taking them around the Asia Pacific region for several years, and the seminars have received a tremendous reception in Thailand, Vietnam, and of course, Australia.
Of course, the most common question about blockchain is “What is it?” This invite-only event brought together supply chain and IT executives from a cross section of companies, along with several executives from IBM, including Jeanette Barlow, Vice President of IBM Supply Chain Solutions, and Ron Castro, Chief Supply Chain Officer at IBM.
In May, I attended the Kinaxis Kinexions event in San Diego, CA. In normal times there is no benefit, but companies need to stay the course even when demand and supply are equal. At the conference, I was fortunate to see a presentation from Brent Wilson, Senior Vice President of Global Supply Chain at Qualcomm.
They wanted to stop me because I and my teammate Ralph were off course. We turned our bikes around, coasted down the hill, and got back on course. It turns out they didn’t want to high-five me for cycling up a 3-mile hill. We had missed a turn 3 miles back. You mean I climbed this hill for nothing?!
Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. Supply chain technology investments were once delegated to a specific function such as procurement or logistics. making a fast return on investment (ROI) fairly likely ? and Unnu, Kaan. [2]
With recent events at Silicon Valley Bank and Credit Suisse rocking international finance systems , the experts at global supply chain risk management solution Resilinc are urging UK businesses to collaborate with suppliers to reduce uncertainty.
Events and disruptions are par for the course in supply chain, so we need tactics to kick in for problem resolution. Supply chain leaders from planning to procurement to logistics face labor shortages and cost concerns, so they want to reduce workforce time spent on manual activities.
A regional supply chain does not mean supply chain operations are not impacted by global events. The supply plan will include the procurement plan for their raw material supplies (Tier 2) needed for their finished goods suppliers (Tier 1). That of course, works to VF’s advantage as well. Bailey exclaimed.
Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Workers from picking and packing to planning and procurement are in short supply, stimulating interest in increasing productivity of the existing workforce.
Of course, even if your company’s business needs have not changed a great deal, your operational methods, capacity, and network may certainly have been subject to change over time. A freight review will generally be a good idea in the event of significant changes in your supply chain. Are You Juggling With Multiple Carriers?
Used properly, collaboration enables better procurement, efficient shipment management, transparency, proactiveness, improved customer experience around delivery, and a team prepared to handle reverse logistics management. Collaboration is perhaps the most widely discussed and recognizable topic in the modern supply chain.
Here are some interesting highlights: Justification Is Key Interestingly enough, one of the most important drivers for market intelligence is justifying procurement decisions or operational decisions to internal stakeholders, like executive teams, or to customers. This was, of course, an extremely popular use case for market data.
This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement. These events can throw off production schedules even creating idle labor or eventual lost sales. Of course, proper implementation is essential in order for these great technologies to succeed.
An expensive and inefficient option, redundancy in this context means keeping excess capacity or back-up across the entire supply chain in case of shock events, such as natural catastrophes and epidemics. It’s widely mooted that many things in the world of business will be different after COVID-19 has run its course.
The need for any S&OP process to have an executive sponsor who actively participates in the process, albeit only by exercising final approval over plans and, of course, making any decisions that call for executive authority, cannot be overstated. S&OP is ostensibly a numbers game, of course. The Executive Sponsor.
Of course, you can set that goal, or rather, that set of goals (because being the best in your business normally means you must beat the competition in a number of disciplines) yourself, but if it’s to exceed that of the very best today, you must know how well the very best is performing. Click To Tweet. Know Your Distance to Target.
Freight procurement has serious problems. Tender acceptance can range from 98% to just 75% over the course of a freight cycle, causing disruptions to supply chains that result in charge-backs, stockouts and lost sales. Contracts don’t hold up. How bad is the problem for shippers?
Thomas Kane, in Military logistics and strategic performance, considered logistics to be a ‘slippery beast that can become important at many levels of an operation, sometimes as a cause of events and other times a consequence of them’. There is consensus that the ADF was unprepared for the operation.
The answer depends, of course, on your company’s objectives and, particularly, on your customer service promises. Over the course of around 15 years, the company perfected the strategy. However, considering those events, the company did adjust its procurement strategy, increasing engagement with alternative sources of supply.
It also allows them to communicate proactively with customers in the event of vehicle maintenance issues, heavy traffic, or other conditions that might delay delivery. Of course, every company with a distribution fleet to manage will have achieved some degree of maturity in the route optimisation journey.
For example, the price of 42# linerboard has gone up 35% in the last 12 months, over the course of 4-5 price increases. And one particular issue has been the inability to effectively use and compare against FY20 data (with COVID considered a “ black swan ” event). This is a huge headwind hindering margin improvements for brands.
It is surprising how far people walk in the course of a year in many processes. Perform Transportation Daily Event Management. Cost savings result from disciplined, daily event management and hour-to-hour focus on waste identification and reduction. Transportation takes time. If not, Why?
The first steps, of course, are to understand the challenges you face, prioritise them for action, and consider the resources and help you need to meet and overcome them. There are, of course, several ways to achieve a logistics knowledge infusion. Of course, as an enterprise grows, it becomes harder to coordinate all the moving parts.
And, of course, Amazon looms with Amazon Flex. Increasingly they are running procurement and logistics departments. Crowdsourced last-mile delivery is also on the rise. Roadie has already garnered 250K downloads and 20,000 drivers in the US, while Nimber is making headway in the European market. The Full-Stack Powerhouses.
Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. News & Events. |. Though I have attended all Pulse events since its inception in 2008 (last year I gave it a miss), it still looks new every year. This year, 7000+ people are scheduled to attend this event.
Thomas Kane, in Military logistics and strategic performance, considered logistics to be a ‘slippery beast that can become important at many levels of an operation, sometimes as a cause of events and other times a consequence of them’. There is consensus that the ADF was unprepared for the operation.
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