This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Learn how to organize your data operations in alignment with supply chain strategy. Forward-thinking supply chain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. It arrives from an array of sources, and it is presented in a variety of formats.
Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.
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. 7 Procurement KPIs You Should be Using. Supplier Lead Time. Cost per Purchase Order and Cost per Invoice.
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. ERP analytics enable the reporting and tracking of variances and defects, providing valuable insights to improve the design process.
However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain. In this article, I will redress the balance by exploring outsourcing from a more holistic perspective, focusing on ways to consider outsourcing partnerships for improvement throughout the supply chain.
As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supply chain vendors who could deliver AI based solutions at a faster turn.
If you have been through this process at least once, you already have a good idea of what supply chain design is about: optimization. When most people hear the word “optimization,” they immediately think about minimizing costs. But optimization is much more than that! Let’s continue with this analogy.
Supply chain policies and configurations can be evaluated and then optimized across the likely ranges of demand, supply, disruptions, and financial drivers – providing the best plans across strategic and tactical horizons. The role of AI in decision intelligence extends to both optimizing decision-making and enacting those decisions.
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.
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. Improve lead times and performance. Optimize from End-to-End with Business Intelligence.
Just a handful of optimization and operations research experts ran models of the network and made recommendations. From a technological perspective, Design remained the realm of desktop modeling techniques for close to two decades since its advent, leveraged by individuals trained in advanced analytics and optimization techniques.
Becton Dickinson (BD) has been on a journey to improve visibility into their extended supply chain. Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD.
Is it about optimization? For Management: a balancing strategy, etc…. It is about keeping all (well most) of the stakeholders of the supply chain content and taking into consideration the supply chain strategy of the organization. Example A: Fashion Retailer – Business Strategy is short life cycle products. Key Driver.
In manufacturing, the Internet of Things (IoT) is the technology that will allow companies to purposely instrument their equipment and products to collect data and then use it to improve, experiment and develop value. This improves delivery planning and can reassure customer about the location of items en route. Supply chain.
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Linear Asset Management and Dynamic Segmentation- Part II | Main | Global Template Solution - Approach » Business Process Optimization in Asset Management. Customer Service.
Supply chain strategy is critical to business success, but is often underestimated in its importance and hence receives less strategic attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
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. The Failing Kmart Business Strategy. So what went wrong?
The challenge is to measure profitability to the right level of detail in order to see what works and what could be improved. Knowing your CTS per product and per customer also lets you better control different commercial strategies. The pragmatism of CTS means a piecemeal or partial approach can also yield profit improvements.
Better decision-making by ensuring data is accurate, complete, consistent and usable, which is critical to optimizing shipping and logistics operations. Better data risk management through the identification of potential risks and development of controls to mitigate those risks and protect data in case of a breach.
Here are five strategies to promote a positive mindset in your workplace so that your employees function at optimal worker productivity levels. Promote Employee Wellness To Improve Worker Productivity. Workplace stress is partly physical, and exercise is one of the best antidotes for the physical component of stress.
Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. These forms key contributors to an effective transformation exercise. Business process once optimized, it enables better ways to do things going forward. Business Process Outsourcing.
Many businesses in the US, and elsewhere, were sourcing their componentry from China. It will be all about strategic supplies, strategic procurement, supply agreements and keeping buffer stocks in country so that all the requirements are met to keep business going while long-term plans are formulated and implemented.
Shippers looking to make structural improvements within their logistics operations often immediately turn to more significant changes such as implementing new technology solutions or redesigning their distribution network in order to see the best return. Do you have a resilient and “stress-able” routing guide?
I was having lunch with a friend of mine who had recently conducted a transportation sourcing event. At first, he didn’t like my honest response: “Jim, you’re using a commodity-oriented procurement process for selecting your carriers and third-party providers. It’s focused on short term gains instead of long term ROI.
While some aspects of this article may be dated, the article speaks to a range of issues directly relevant to national security in a post-National Defence Strategy age. Firstly, it recommended conducting realistic wargames and exercises to reflect threats and the capability of the logistics enterprise to respond.
The Royal Australian Air Force, now armed with the fifth-generation fighter and other impressive air capabilities guided by a wholesale transformation strategy – Plan Jericho, has recently debated the need for a joint strike capability. Logistics and strategy are inseparable, each meaningless without the other. By David Beaumont.
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. 3) Shorten Your Supply Chain—Source Locally.
As youll 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, weve discovered that many companies lack a defined and documented supply chain strategy. A company without a supply chain strategy is at a competitive disadvantage.
Product slotting is a warehouse term that involves placing products in optimal locations within a warehouse to enhance operational efficiency. And, we’ve also found that by implementing a sound warehouse slotting strategy, we’ve helped clients reduce their labour costs by up to 30%. What is slotting? Reduce product damage.
Image source: Needpix.com | Top 10 Best Logistics Practices to Ensure the Success of Your E-commerce Business Logistics is a vital component of any e-commerce, covering every aspect of product delivery and storage. How can Self Storage help in applying these strategies? 3PL Links tells you everything now!
Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. They expand into an analysis of revenue-accruing & cost-optimizing functions, and result in the identification of capabilities that the organization aspires to develop or enhance. Banking Suite.
While COVID did see some modal shifts of everything from wheat to Peloton exercise bikes, there are certainly products that are less likely candidates for shifts. Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged.
At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. Alternatively, you can procure access to a digital freight benchmarking platform.
The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. Further improvement initiatives included: Cutting the chip assembly test window from a five-day schedule, to a bi-weekly, 2-day-long process.
In this article, we will explore 11 proven sales strategies that can help you increase your flower shop sales and cultivate lasting relationships with your clients. Explore Different Suppliers Shopping around for flowers and supplies is crucial for any florist aiming to optimize cost efficiency. Table of Contents [Open] [Close] 1.
If your business is currently falling victim to any of the following supply chain mistakes, corrective action will undoubtedly deliver improvements in cost, revenue, customer service and numerous other business performance factors. Development of profitable strategies for customer or product segmentation.
But when organizations are unsure of the root cause of an operational issue, assigning employee training can offer dramatic insight and measurable data leading to enhanced performance, improved production and even internal cost savings. The best training strategy in the world can’t fix operational issues. Thank you, big data.)
Above all else is logistics, which begins where military activity meets the national economy, and fundamentally leads strategy and any intent to use force. Strategic competition has always been defined by logistics, and the credibility of a nation to deploy and sustain force is important not just for strategy, but for deterrence.
Building resilience into their operations, either through new business strategies or new digital capabilities, is now a key priority for all shippers, carriers and logistics service providers. For many years, true cross-business collaboration has been a much preached but rarely practiced exercise within transportation.
Transportation spending is a perennial target of budget-cutting exercises, and a large, multi-faceted cost center for many companies; some may spend three to six percent of their materials costs on transportation. These functions must integrate easily into current logistics, invoicing , and procurement processes. Invest in Technology.
We needed increased readiness, enhanced mobilisation capabilities, more and better strategic lift, improved logistics, improved engineering capability, better mobility, improved long-range communications and an ability to win water, distribute fuel over the shore as well as improved stevedoring and medical services.’.
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. Your supply chain strategy should support and align with that of your business generally. Build a Baseline for Continuous Improvement.
Golden Rule #1: Meaningful KPIs Require a Meaningful Strategy. 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. I’ve also described some of the issues that can arise from such an error.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content