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Situation Companies are increasingly confronted with complex planningscenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.
Today’s supply chains are fraught with uncertainties across demand and supply yet are tasked with adding incremental value to their organizations while also meeting commercial, working capital and sustainability goals. The challenge for supply chain teams lies in increasing knowledge to create value amid this complexity.
If you’ve ever tried to buy a new car during the chip shortage or waited months for furniture delivery, you’ve experienced firsthand what happens when supply chains break down. Supply chain resilience is your business’s ability to bounce back when things go wrongand in today’s world, things will go wrong.
As I was enjoying the holidays, I had an opportunity to reflect on the year past and what the future holds for supply chains. However, organizations will need to be deliberate in designing supply chains with optionality so it does not become cost prohibitive. Supply Chain Design is essential in tackling these.
When it comes to supply chain design, we’re at another inflection point in the industry. The first one arrived a few years ago when a growing number of companies started treating supply chain design as a continuous business process instead of a standalone project or a once-a-year exercise.
The agribusiness supply chain is highly complex. These intricacies make planning and decision-making difficult. There is an extensive horizon between the date of a supply decision (for instance, purchasing livestock feed or specific fertilizers) and its final result (the sale of the processed and packaged product).
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.
For more than a year, global supply chains have been buffeted by one major disruption after another. The surging Delta virus, devastating floods in China and Germany and cyber attacks on South African ports are amongst the latest in a series of events that continue to send shock waves throughout the system. The impact?
The erratic Arctic environment necessitates specialized navigation and infrastructure, forcing shipping companies to exercise caution when entering these uncharted territories. Challenge 4: Insurance Challenges The rise of extreme weather events creates dilemmas for the insurance industry.
Gartner has released a report detailing how to secure supply chains amidst the coronavirus (COVID-19) outbreak. As global leaders and health officials track the strain and make decisions regarding containment, supply chain leaders need to assess and plan for how the virus will impact global supply chains.
DAMCO ’s ongoing investment in its Business Resilience Program is helping the freight forwarder to keep cargo moving through the Covid-19 supply chain disruption. The Program, developed over the last 18 months, prepares all staff for over 47 different scenarios, which could disrupt the supply chain, including a pandemic.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. Particularly relevant in volatile markets, there’s no way that a shipper can conduct a once-per-year bid event and then expect a budget to stand the test of rate fluctuations.
With the justification aside, they next had us go through exercises calculating net present value and ROI for a hypothetical capital investment in tooling – as though a shop floor supervisor would do this at any point in the course of their job. Industrial engineers dutifully analyzed each job, and determined the time it should take.
Part Two offered examples where militaries get it right, and a number of examples where events did not transpire as well as they might. Logistics plans and policies. Assuming we do get the force structure balance right, we must also introduce the doctrine, plans and policies to use it appropriately. Logistics organisation.
The Australian Army recently went through this process only recently with Plan Keogh , an activity that addressed personnel and materiel ‘hollowness’ throughout the combat and supporting force. What is less easy to treat is the logistics system which underpins the generation of capability.
Until the Coronavirus began wreaking its havoc, global companies could run their supply chains 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. 1) Create Transparency.
To optimize their delivery operations, these companies engage in strategic route design on an infrequent basis or when some big event occurs in the company. It’s time to treat strategic route planning as a continuing process that keeps delivery operations running efficiently and meeting today’s higher customer service requirements.
In that type of scenario, the gains in accuracy and speed might be better achieved by slotting products intelligently along the aisles. Scenarios like this highlight how critical it is, when slotting, to think about SKU placement from all angles and why the slotting process can be complex , even if the concept is simple.
The agribusiness supply chain is highly complex. These intricacies make planning and decision-making difficult. There is an extensive horizon between the date of a supply decision (for instance, purchasing livestock feed or specific fertilizers) and its final result (the sale of the processed and packaged product).
Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. must comply with SOX. How much is retained?
Technology’s place in supply chain operations is well established and much appreciated, as it helps improve accuracy, visibility, and efficiency from orders coming in and shipments moving out. He has experience in strategic planning, improving operational efficiency, team building, and project management. But can technology do more?
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.
Defining Agile Supply Chains. Agile supply chains are nimble enough to respond smoothly to sudden changes in supply and demand. In contrast, supply chains that aren’t agile tend not to possess fast access to information, leaving their people to offer best guesses about the right response to changing conditions.
9 Golden Rules for Meaningful Supply Chain KPIs. I’ve written many posts on this blog about the importance of having a supply chain 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.
Freight forwarder Damco says its ongoing investment in its Business Resilience Program is helping it to keep cargo moving through Covid-19 supply chain disruption. The Program, developed over the last 18 months, prepares all staff for over 47 different scenarios, which could disrupt the supply chain, including a pandemic.
At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. A Long History of Supply Chain Strategy Misalignment.
By Anne van de Heetkamp, VP of Product Management GTC, Descartes: Acknowledging potential weaknesses in your supply chain before they are exposed by elements beyond your control is of critical value. With current events in mind, managing future supply chain disruptions will be an integral component of corporate strategy.
To contend with these pressures, medical device manufacturers crave actionable, real-time, accurate, and reliable data throughout the entire supply chain. The following are six key challenges faced by medical device manufacturers and how ERP analytics can transform operations—from regulatory compliance to supply chain optimization.
Exercise trackers like Fitbit or Garmin are part of an IoT network that collects and analyzes data from objects – people. IIoT refers to the usage in areas such as manufacturing plants and supply chains. Supply chain. Businesses can track shipments as they move along a supply chain. Growth of IIoT. Here are some.
If you’re serious about continuous improvement and developing a best-in-class supply chain to serve your organisation, keeping your managers and workforce educated is paramount. As any established supply chain professional will testify, this is a field in which the real learning begins after the formal education has ended.
Security has been an issue since supply chains began. These and other factors have meant a rethink of supply chain security. Basics of Supply Chain Security. This can mean supply chain data, applications, IT systems, and IT account access. This covers security policies, threat awareness, security training, exercises.
Image source: Flickr | How to Protect Supply Chain from Cyber Attacks The management of data intelligence in the supply chain presents an enormous challenge to those involved. The supply chain depends more and more on IT systems to ensure information flow and security as it develops. What happens in the event of a data leak?
In supply chain, the complexity can be far greater. Business continuity management seeks to keep a supply chain working in the event of a problem. The need for business continuity permeates all parts of a supply chain. The first step is to find out what could interrupt your supply chain operations.
It simply means checking your company’s rates paid for freight transportation against those borne by its peers in the same or similar industries and shipping scenarios. and “what is a reasonable range of rates for our company’s typical shipping scenarios?”. Indeed, it’s a very straightforward concept.
Part Two offered examples where militaries get it right, and a number of examples where events did not transpire as well as they might. Logistics plans and policies. Assuming we do get the force structure balance right, we must also introduce the doctrine, plans and policies to use it appropriately. Logistics organisation.
Did you know that supply chains and wristwatches have two things in common? For the organisation with the supply chain, it is to satisfy more customers, more profitably to the organisation. Second, what goes on underneath the watch face or behind the top level supply chain dashboard can be very complex. What are the solutions?
Explore Different Suppliers Shopping around for flowers and supplies is crucial for any florist aiming to optimize cost efficiency. Diversifying suppliers not only reduces costs with retail prices but also diminishes reliance on a single source, safeguarding your business against price fluctuations and supply shortages.
In an attempt to help you keep your supply chain 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 supply chain KPIs.
The review, and statement which followed, portends sweeping changes to the Defence Integrated Investment Plan and to the force structure and the roles of the ADF’s Services consequently. Supply chain resilience is, of course, a part of this narrative – as we are reminder every time we hear about guided-weapons or military fuels.
As digitization continues to modify the global supply chain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supply chain visibility. Identify shortage and quality problems along the supply chain.
As companies become leaner and available time becomes scarcer, process automation is the clear solution for busy procurement and supply chain teams. Some suppliers view RFPs as static cost-cutting exercises, which devalue their offering. Some platforms even prohibit multiple logins per account or event.
Our ‘’Go for growth’’ workshops were focused on reaching out to many more Supply Chain planners around the globe, planning how to efficiently resolve their challenges, and increase customer satisfaction. We finished this unforgettable time on Zlatibor mountain with group games and exercise, strengthening the team spirit.
Due to the restrictions placed upon carriers by ELDs, the farthest freight from the ramp is being scrutinized in the drayage community, and these carriers are exercising choice when it comes to longer haul lengths. Continue to Plan Ahead.
Supply Chain Management. News & Events. |. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Discuss the latest trends and solutions across the supply chain management landscape. View all Infosys blogs. Features & Opinions. |.
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