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Many people get confused about KPIs or Key Performance Indicators in Logistics and SupplyChain operations. Still, in this article, I will help you evaluate the need for supplychain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Which ones to use?…
Like any SupplyChain, Retail SupplyChains have their own unique challenges. They’re different from the SupplyChains you might see in industrial companies or wholesaling companies. The retail supplychain is dealing with the consumer directly and the customer really is King.
Disruptive Tech In The SupplyChain with Charley Dehoney. Charley Dehoney and Joe Lynch discuss disruptive tech in the supplychain. Key Takeaways: Disruptive Tech In The SupplyChain. Technology is having a huge impact on the logistics and supplychain. About Charley Dehoney. ZEBOX LinkedIn.
The theme this year was “Chart Your Course” which Richard Stewart, EVP Americas at Körber SupplyChain pointed out, is all about overcoming supplychain complexities and challenges. First, supplychains do not operate in isolation. Data is at the center of all decisions across the supplychain.
Insights from Gartner’s Hype Cycle for SupplyChain Strategy, 2020. Supplychain 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 SupplyChain Strategy, 2020 offers some guidance. Network Design.
But the topic is also of significance to supplychain practitioners. In fact, supplychains are being impacted directly by the war and by the sanctions being put in place in response. There is potential for oil and gas supply shortages to occur as well. It is certainly worthy of our concerns as individuals.
Many large enterprises use one form or another of a supplychain application to help manage their supplychains. Supplychain vendors have been touting their investments in artificial intelligence (AI) for the last several years. AI can refer to several different types of math.
The toilet paper shortage was one of the COVID era events that taught people what the term “supplychain management” meant. The changes to the profession of supplychain management are dramatic. Firstly, the term “supplychain management” was not in general use before COVID. This worked.
And, of course, when anyone buys goods in a store, part of that cost is freight. So when a COVID outbreak hit the port of Yantian – which services factories in the Shenzhen area and handles about 13 million TEU (20’ containers) a year – supplychains were already teetering. More freight costs, higher consumer costs.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supplychain predicated on lowest-cost principles. Increasing supplychain data visibility is a priority for logistics organizations looking to improve resilience. The COVID-19 crisis has hit the global supplychain from all sides.
In the supplychain arena, the need to make course corrections is exploding. This lifecycle is essential where timely and accurate decisions can significantly impact supplychain efficiency, safety, customer service, and profitability. Frederic Laluyaux, the CEO of Aera Technology, agrees with this assessment.
Getting started with AI in supplychain 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 supplychain and your data.
The solutions to supplychain problems boil down to the right combination of three factors—technology, data and processes. In the supplychain, problems are often overcomplicated. However, manufacturers, 3PLs and others in the supplychain often get lost in the details. That’s not true.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supplychain performance requirements. What should supplychain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious SupplyChain Award. We need people that are adaptable.
In February, Klaus Niebur, the director of global supplychain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. The implementation was not trivial.
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, SupplyChain and Trade. SupplyChain.
How would you characterize this year so far, from a supplychain and logistics perspective? It depends on whom you ask, of course. I’m sure many carriers, for example, are not celebrating the first half of the year. We’ve crossed the halfway mark of 2023. Better or worse than expected? Any surprises?
Global supplychains suffer from limited visibility and a general want for supplychain intelligence in carrier sourcing , freight tendering and all other processes. Fully 70% of companies say their supplychain is either very or extremely complex and only 6% of companies have full visibility within their supplychains.
We hope you enjoyed viewing Rob’s 2020 video with Deborah Dull on the topic of circular supplychains or reading the transcript of that interview that we published recently. The second of those interviews homed in on health supplychains, particularly those serving third world and developing countries.
My recent conversations with the supplychain practitioners are dominated by supplychain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Let us dive deeper into how supplychains are getting disrupted. Europe relies on Russia for around 35% of its natural gas.
Of course, the pandemic then hit global shores, not to mention the ripple effects of global trade wars. For global businesses, supplychain resilience is the name of the game. As a result, supplychain leaders have been exploring alternative, more predictable options. Challenges to growth with supplychain.
The success of your business links inextricably to the performance of your supplychain. you have to make your supplychain successful too. Of course, it is helpful to have some statistics on hand to validate the statement above. SupplyChain and Business Success By the Numbers.
Franklin Sports needed to protect sales in this category by improving their pickleball supplychain. To achieve that, Franklin Sports supplychain 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 supplychain.
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.
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.
For businesses of all sizes, the digital transformation of supplychain 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 SupplyChain Digital Transformation projects. Creating Intelligence.
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. ” The result was a 32 hour course that ran two days, then a break, then two days the following week. Elimination of waste: Focus on adding value.
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. Cycle times are critical in the supplychain. Supplier Defect Rate. Purchase Order Cycle Time.
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 supplychain. Much depends upon the nature of your supplychain operation of course.
Rob O’Byrne makes an early start with his round-up of supplychain and logistics trends that might make industry headlines in the coming year. 2020 SupplyChain and Logistics Trends: What’s Around the Corner? The Death of the End-to-End SupplyChain. Why is the Circular SupplyChain Trending?
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.
The SupplyChain Manager’s Multi-function Display. By now, you are probably wondering what airliners have to do with supplychain KPIs. You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supplychain organisation.
Well, not just for benchmarking, but also for maximum visibility of your supplychain and logistics performance. In answering that question, we’re not going to provide you with a list of possible supplychain KPIs to use in your business—at least, not in this article. How hard can that be?” I hear you ask.
Manufacturers and distributors experienced huge supplychain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supplychain leaders globally. In fact, SYSPRO research revealed that 60% of businesses were impacted by supplychain disruptions during the pandemic.
So, you are thinking about a career in supplychain? While this article is intended as an evergreen resource, to help you navigate in your search for a supplychain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.
Supplychains are experiencing significant disruption as a result of COVID-19, but how does this disruption compare with others? . If these last few months have shown anything, it’s that COVID-19 has not been a regular disruption for supplychains. Supply and Demand. Location Specific vs. Global.
But what exactly is supplychain benchmarking and why is it so important? The What, Why, How of SupplyChain Benchmarking. Benchmarking is an essential thing to do in your supplychain. The key bit of information is, in this case of course: How fast is the fastest person? ARTICLE SUMMARY.
Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supplychain 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.”
You already know the biggest supplychain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supplychain running as smoothly as possible in the meantime? The best way to safeguard your supplychain will be by building resilience into your operations. But ‘back to normal’?
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?
Supplychains are changing fast, and 2025 is set to bring even more challenges and opportunities. These tools can transform your supplychain, helping you predict inventory needs, automate repetitive tasks, and optimize delivery routes. Audit your supplychain to pinpoint areas for improvement. The evidence?
A new year is underway, and what better way to begin our 2023 blog activity than with a summary of the freshest news from the supplychain and logistics theatre? But is that a real possibility, or are the predictions of supplychain mayhem just so much panic and hot air? That will no longer be an issue.
Intro to 2020 SupplyChain Management Trends. Supplychains have lengthened and extended across borders, bringing a whole new host of opportunities and challenges. 2020 supplychain management trends will further these shifts. 2020 supplychain management trends will further these shifts.
Who would have thought that measuring the performance of supplychain processes like warehousing, procurement, or logistics could be so troublesome? Well, we know a few supplychain managers who, having made some of the mistakes covered by this article, would attest to the potential for difficulty.
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