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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 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.
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. Purchase Order Cycle Time.
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?
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.
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.
I have benchmarked supplychains for businesses all over the world for 25 years or so and have seen some incredible results. If you’ve never done a benchmarking exercise before, read on. You will learn how you can significantly boost your supplychain performance—and in the process identify numerous cost-saving opportunities.
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.
The success of your business is inextricably linked to the performance of your supplychain. you have to make your supplychain successful too. The success of your business is inextricably linked to the performance of your supplychain. SupplyChain and Business Success By the Numbers.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the resiliency test. Let’s start here: what is supplychain resilience? What is SupplyChain Resilience? 2020 Was A Year Of SupplyChain Disruption.
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.
Editor's Note: This guest contribution the Cerasis blog comes from our friends over at Fronetics an inbound and content marketing company who specializes in marketing for companies with a keen value adding business model for those in the supplychain and logistics industries. SupplyChain Planning Starts with Looking Back.
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.
If not, you might be surprised at the many ways supplychain 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 supplychain benchmarking is increasingly winning advocates in the commercial arena.
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.
Development of a Fast Fashion SupplyChain Vertical Integration Wins in the Fast Fashion Race It’s not called fast fashion for nothing. However, agility can be said to begin at the last stage in the supply chainthe point at which consumers make their purchase in-store or place their orders online.
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.
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.
Until the Coronavirus began wreaking its havoc, global companies could run their supplychains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. 2) Diversify Your Operations.
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.
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 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.
He or she has spent perhaps four to five years gaining a supplychain education, starting even before leaving high school, because he or she is passionate about working in the space. Schools Out: Let the SupplyChain Education Begin. Transitioning from Theoretical to Pragmatic SupplyChain Education.
If you’re serious about continuous improvement and developing a best-in-class supplychain to serve your organisation, keeping your managers and workforce educated is paramount. As any established supplychain professional will testify, this is a field in which the real learning begins after the formal education has ended.
The paper, of course, covers a swathe of topics and concepts. Fuel and ammunition feed into the discussion of force posture, and the importance of exercises to build ‘preparedness including minimum viable improvements in key areas’ is also clear (pp 78-80). This is, of course, a normal goal for logistics planners to have.
Information on the accreditation process and details on courses offered by CBP and PGAs will be posted on the CBP website as they become available. For those who are unsure what a customs broker does, here is a quick summary of the role of customs brokers: Assists clients with the importation of goods into the U.S.
When we compare different levels of sophistication and performance in supplychains, we can identify particular levels that we think are important to achieve, or that represent typical performance levels for supplychains as a whole. You can also benchmark supplychains. Those levels are “benchmarks”.
Technology’s place in supplychain operations is well established and much appreciated, as it helps improve accuracy, visibility, and efficiency from orders coming in and shipments moving out. The answer, of course, is yes. But can technology do more? To learn more, visit Open Sky Group today.
By Anne van de Heetkamp, VP of Product Management GTC, Descartes: Acknowledging potential weaknesses in your supplychain before they are exposed by elements beyond your control is of critical value. With current events in mind, managing future supplychain disruptions will be an integral component of corporate strategy.
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.
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.
Did you know that supplychains and wristwatches have two things in common? For the organisation with the supplychain, it is to satisfy more customers, more profitably to the organisation. Second, what goes on underneath the watch face or behind the top level supplychain dashboard can be very complex.
The erratic Arctic environment necessitates specialized navigation and infrastructure, forcing shipping companies to exercise caution when entering these uncharted territories. Severe weather conditions require flexibility and preparedness, prompting ships to change course or delay voyages to escape the force of nature.
Over the course of the past several months, Morai Logistics has highlighted a significant rise in e-commerce shopping. This figure has significantly increased over the course of the last few years. Supplychains know that customers are demanding immediacy and transparency. Delivering to E-commerce Markets.
If not, you might be surprised at the many ways supplychain 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 supplychain. What is SupplyChain Benchmarking?
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?
The SupplyChain Head. We use the term Head of SupplyChain simply because it’s a role that falls under a range of professional titles. So, for example, the Head of Supply might be the SupplyChain Director, SupplyChain Manager, or another non-executive supplychain management specialist.
Should Your SupplyChain Join the Vertical Integration Revival? Ever since the early 1970s supplychain organisations have taken on increasingly distributed structures, a shift from a long-standing tradition of vertical integration. Speed, Trust, Growth, and Control. Coffee bean roasting plants.
If you’re a supplychain professional, the tips and guidance in this post will probably not be new to you. Without sufficient attention to these elements, your company will find it harder and harder to compete against the growing number of organisations taking a strategic supplychain stance. SupplyChain Strategy.
Wilko, to start off, could you tell us more about the supplychain division you work for? . I work for Global SupplyChain, a division based in Zoeterwoude (the Netherlands). Every country or operating company has its own supplychain team and is responsible for managing its own capacity, demand and supply.
At Georgia Southern, we dispel this by illustrating the dynamic nature and variety of daily activities a supplychain manager encounters. Darren Prokop, University of Alaska Anchorage (UAA): As in the academic world in general, there is a trend to online course delivery.
If you’re a supplychain professional, the tips and guidance in this post will probably not be new to you. Without sufficient attention to these elements, your company will find it harder and harder to compete against the growing number of organisations taking a strategic supplychain stance. “What?
With that question answered, I’m giving the rest of this article over to highlighting several business and supplychain issues, which, if you are experiencing them in your enterprise, are potent indications that CTS analysis should be on your agenda —for execution at the soonest.
It is easier, of course, to provide a case for improved logistics interoperability than it is to deliver it. Partnered armies must be prepared to share knowledge concerning logistics capabilities and resources and must signal one another when a shared supplychain is likely to be required. The Australian and U.S.
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