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Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Supply chain professionals know it can be extremely challenging to drive day-to-day operational excellence and pursue innovation at the same time. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. Firefighting is the norm.
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.
Like any Supply Chain, Retail Supply Chains have their own unique challenges. They’re different from the Supply Chains you might see in industrial companies or wholesaling companies. The retail supply chain is dealing with the consumer directly and the customer really is King. Quality is of course a given.
The theme this year was “Chart Your Course” which Richard Stewart, EVP Americas at Körber Supply Chain pointed out, is all about overcoming supply chain complexities and challenges. First, supply chains do not operate in isolation. Data is at the center of all decisions across the supply chain. Data Visibility.
We are flattered to be recognized by Gartner in the 2019 Magic Quadrant for Sales and Operations Planning Systems of Differentiation , especially considerin g that we only launched our configurable S&OP application two years ago. We feel fortunate that the market is moving towards us in this regard.
When sales forecasts are accurate, companies know they’ll have enough product supply to meet customer demand for those goods. And even if there’s an imbalance, good forecasts allow organizations to course-correct before a real problem emerges. Then, orders are delivered late, customers are unhappy and supply chains stagnate.
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 this conversation, Asena and I talked about autonomous planning in supply chain. Second, what is autonomous planning in supply chain, and what are some practical examples? Third, is autonomous planning feasible for all companies of all sizes? And finally, how does a company achieve autonomous planning?
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. What should supply chain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious Supply Chain Award. Mr. Stevens talked about their supply chain initiative.
It’s not a short list, so we’ll set it down here as a summary to help you with plans for analysis. “What-if” data: Scenario simulation to assess the impact of design options under various conditions. Things can become more challenging when designing improvements to an existing network.
In the supply chain arena, the need to make course corrections is exploding. This lifecycle is essential where timely and accurate decisions can significantly impact supply chain efficiency, safety, customer service, and profitability. Currently, suppliers of supply chain technologies support 25 AI-based supply chain use cases.
This solution allows human resource managers to review performance against over 50 external workforce key performance indicators, access global market intelligence (including rates, talent supply and demand, and time-to-hire trends), and track progress across diversity and worker health and safety initiatives.
My recent conversations with the supply chain practitioners are dominated by supply chain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Even companies that serve markets and rely on supply chains that are not directly affected by the conflict are starting to feel the effects of the war.
Transportation is, of course, a major source of green house emissions. A transportation management system (TMS) allows a shipper or carrier to plan the most cost-effective set of shipments that meets service level goals. For example, Oracle is using average emission from a 5-ton truck, or a bulk tanker.
Of course, a high stock price enriches those people who already own shares, and makes options and stock grants more valuable, but they didn’t get into that either. They used those times to build what were essentially Gantt Charts of the production plan for each worker.
Has your company ever suffered problems with, implemented, or even considered implementing a sales and operations (S&OP) planning process? More to the point, though, for S&OP to be effective, it matters not whether a company uses Excel spreadsheets or the latest best-of-breed sales and operations planning software.
Looking to real-life examples for inspiration, we can ask, ‘Who does reverse logistics well?’ Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supply chain. A plan is necessary, possibly based on one of the following strategies.
Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Fully 70% of companies say their supply chain is either very or extremely complex and only 6% of companies have full visibility within their supply chains.
That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. With all of the regular disruptors, it’s best to be as proactive as you can in your planning. Which means that, as it does every year at this time, space is about to get very tight. Final Thoughts.
When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. So let’s plan for it. A “planful” way forward. It’s all about plowing through the next wave.
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.
It occurred to me that many of you are also responsible for navigating this dynamic environment of post-pandemic demand shifts, inflationary pressures, supply shortages, rising interest rates, and a potential economic downturn. For example, interest rate hikes tend to deter lower priority investments and those that require debt financing.
Getting started with AI in supply chain might not start where you think. Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supply chain and your data.
Franklin Sports needed to protect sales in this category by improving their pickleball supply chain. To achieve that, Franklin Sports supply chain needed to be improved significantly. For example, pickleball has been the fastest growing sport in America for 3 years. It also did not make for a reliable supply chain.
In 2018, DHL Supply Chain announced its plans to deploy emerging technologies in 350 of its North American facilities. Of course, we subsequently share interesting insights in Logistics Viewpoints articles. DHL Supply Chain has instituted a well-defined process for vetting and adopting warehouse technologies.
Planning a Warehouse Network and Design: Key Factors to Consider. Some Tips for Multi-Warehouse Network Planning. Let’s begin with a look at network planning, because whether your company requires one warehouse or five, your service, efficiency, and costs will be influenced heavily by your choice of location and capacity.
In February, Klaus Niebur, the director of global supply chain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supply chain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. in turn, is a boutique procurement consultancy.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supply chain predicated on lowest-cost principles. Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. The COVID-19 crisis has hit the global supply chain from all sides.
The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. In the supply chain, problems are often overcomplicated. However, manufacturers, 3PLs and others in the supply chain often get lost in the details. That’s not true. Trouble finding skilled labor”.
One crucial yet often overlooked aspect of the supply chain is reverse logistics. At its core, reverse logistics deals with the flow of products moving backwards in the supply chain. Furthermore, the process involves sorting, inspecting, and determining the best course of action for each item, which demands significant time and effort.
Anytime you have a chance to talk to an executive vice president in charge of the global supply chain of a nearly $12 billion corporation, you know you will learn some things. Cameron Bailey, EVP of Global Supply Chain at VF Corporation, did not disappoint. Achieving Agility with Regional Supply Chains. Bailey exclaimed.
Massive supply chain disruptions are being experienced around the globe, and the causes are many and complex. Factors affecting the supply chain. There’s no doubt that the pandemic, with its harsh lockdowns and impact on economies worldwide, has played a dramatic role in the supply chain disruptions being experienced by manufacturers.
Of course, change is always occurring. But it has certainly been more pronounced recently within the supply chain world. This is evident from the widespread global supply chain disruptions that we all read about daily. Brian provided some specific omni-channel examples with easy to envision benefits.
Whether you’re planning to benchmark your supply chain 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 supply chain component. A lot will depend on the nature of your industry and the categories of supplies that you receive.
You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supply chain running as smoothly as possible in the meantime? The prevailing effects of COVID-19 are uncertainty and disruption; the key to planning ahead for 2021 will be to analyze the effects of 2020.
Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supply chain during COVID. The company bought a risk solution that provides real-time alerts to potential supply disruptions. We knew exactly what we couldn’t get.”
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.
Well, not just for benchmarking, but also for maximum visibility of your supply chain and logistics performance. In answering that question, we’re not going to provide you with a list of possible supply chain KPIs to use in your business—at least, not in this article. How hard can that be?” I hear you ask.
Change can be a good thing, particularly when it comes to getting a better handle on your supply chain spend. Managing supply risk is not a new concept; however, with growing dependence on suppliers paired with more complex global supply chains, it comes with greater challenges. Digitization is Your Friend. How do you do that?
If supply chain and logistics executives were granted one wish to make their work lives easier and more productive, most of them would probably say, “I wish I had end-to-end supply chain visibility.” Why has end-to-end supply chain visibility been so difficult to achieve? Supply Chain Visibility: The Elusive Goal.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain 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 supply chain strategy.
The complexities associated with an enterprise resource planning system’s available-to-promise functionality can lead an ERP system to be unable to process an order, requiring time-consuming human intervention before an accurate promise can be relayed to customers. This writer has been covering supply chain management for over 25 years.
So, you are thinking about a career in supply chain? While this article is intended as an evergreen resource, to help you navigate in your search for a supply chain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality. What is the Role of the Supply Chain Worker?
Risk permeates supply chains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supply chain management, but supply chain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks. In the short-term future.
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