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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 supplychains break down. Supplychain resilience is your business’s ability to bounce back when things go wrongand in today’s world, things will go wrong.
Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Through thousands of shipper and carrier interactions revolving around successful freight tech implementation, Brad brings an incredibly valuable perspective to any shipper looking to introduce technology into their supplychain.
Learn how to organize your data operations in alignment with supplychainstrategy. Forward-thinking supplychain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. Finding Transformative Opportunities in the SupplyChain.
As I was enjoying the holidays, I had an opportunity to reflect on the year past and what the future holds for supplychains. However, organizations will need to be deliberate in designing supplychains with optionality so it does not become cost prohibitive. SupplyChain Design is essential in tackling these.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supplychainstrategy 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 supplychainstrategy.
However, the lag in the Sales and Operations Planning (S&OP) cycle exacerbates issues like inaccurate forecasting, reduced agility, higher error rates, increased costs, limited scenario planning, and sustainability challenges, ultimately undermining supplychain performance and eroding executive confidence in the supplychain as a value driver.
A SupplyChain Design Solution from Coupa Imagine you’ve just received the job offer of your dreams. If you have been through this process at least once, you already have a good idea of what supplychain design is about: optimization. Do we have a demand forecasting tool in place and, if so, how good is that forecast?
According to Bloomberg , the coffee supplychain is struggling with constrained supply and increase in prices is inevitable. Traditional, linear supplychains struggle to adapt. This article explores how adaptive supplychains can help businesses thrive.
Recent supplychain disruptions are forcing organizations to challenge the prevailing wisdom and look for newer approaches to decision making. The simultaneous shocks to demand and supply, and the magnitude of these shocks are not something the world ever experienced. The technology is reaching such an inflection point.
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. The Failing Kmart Business Strategy. So what went wrong?
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.
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?
For more than a year, global supplychains have been buffeted by one major disruption after another. Raw materials are in short supply, many manufacturers have temporarily mothballed production lines, transportation costs are rising, and labor is getting tight on our roadways , railways and ocean vessels. The impact?
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.
The success of your business links inextricably to the performance of your supplychain. you have to make your supplychain successful too. SupplyChain and Business Success By the Numbers. Conversely, just 8% of businesses with less capable supplychains report above-average growth.
By putting data into the hands of the companies, business partners, and customers that want it, supplychain visibility helps all stakeholders track products from the point of manufacture to the final destination—and all points in between. 5 Good SupplyChain Visibility Strategies.
It is a well-known fact that supplychain is increasingly becoming digital. But is simply adding a digital component to the complex supplychain network enough to make it efficient? The survey revealed that “intelligent automation capabilities help increase the annual revenue growth by up to 10 percent”.
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. Vendor Availability.
Today’s supplychains 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 supplychain teams lies in increasing knowledge to create value amid this complexity.
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.
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.
As youll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supplychainstrategy development and alignment. As a result, weve discovered that many companies lack a defined and documented supplychainstrategy. Step 1: What do Your Customers Want?
Some of the world’s biggest retailers and their partners are once again feeling the sting of “ the bullwhip effect ” – a term of art amongst supplychain professionals that describes how changes in demand at the retail level can reverberate and amplify issues throughout the supplychain. All aboard.
The process as is implemented in many companies focuses on balancing demand and supply based on preestablished rules and policies that serve as guardrails for the planning process. More recently the technology has evolved to a point where such processes can be conducted at a faster cadence than a typical monthly cadence that was the norm.
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.
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.
Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supplychain 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. What Is Data Governance?
9 Golden Rules for Meaningful SupplyChain KPIs. Golden Rule #1: Meaningful KPIs Require a Meaningful Strategy. Golden Rule #1: Meaningful KPIs Require a Meaningful Strategy. If you want meaningful supplychain KPIs, you need to live with the numbers they reveal. Golden Rule #2: Don’t Meddle or Manipulate.
Shipping damage is a massive threat to any products that travel on the supplychain. With the right packaging, strategy, and tools, you can cut shipping costs by as much as 60%. But you can exercise more control over shipping and cargo damage than you might be aware as long as you have the right tools at your disposal.
I have a theory or two about change and change management in supplychain organisations. Actually they apply to change in any organisation; supplychain isn’t really unique in its change management requirements. My first theory is this… People do like change. Hence change management will become easier.
A new white paper from a supplychain consultancy suggests retailers are too fragmented in their approach to determining their Costs-To-Serve (CTS) and should instead adopt CTS analysis as a core, business-critical initiative for informing future decisions and direction. “In CLICK HERE to download the full white paper.
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.
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.
Using data has the potential to open up new business models, technologies, and an ecosystem where anything-as-a-service is possible. Exercise trackers like Fitbit or Garmin are part of an IoT network that collects and analyzes data from objects – people. Supplychain. While they are similar they are not the same.
Defining Agile SupplyChains. Agile supplychains are nimble enough to respond smoothly to sudden changes in supply and demand. Why Is Agility Important for the SupplyChain? Collectively, this new normal is presenting the supplychain industry with its biggest test in years.
The agribusiness supplychain is highly complex. The article, written in collaboration with our partner Luciano Moura ( UniSoma ) and Diego de Carvalho Moretti (Nortegubisian) , outlines the following planning challenges in an agribusiness supplychain: Supplychain flows are extended over a long period of time.
Security has been an issue since supplychains began. These and other factors have meant a rethink of supplychain security. Basics of SupplyChain Security. This can mean supplychain data, applications, IT systems, and IT account access. Vulnerabilities in the SupplyChain.
Technology Services. SupplyChain Management. The Infosys global supplychain management blog enables leaner supplychains through process and IT related interventions. Discuss the latest trends and solutions across the supplychain management landscape. Publishing Resources Industries.
If your enterprise is new to trading in a multichannel environment, you may have experienced challenges in the following areas: Supplychain visibility: Omnichannel distribution networks can be complex and fragmented. You will probably find, from your initial analysis, that your cost-to-serve follows the 80/20 rule.
As we close in on the end of the year, supplychain professionals are already planning for what 2023 will bring. o9 Solutions’ supplychain experts and leaders are sharing their insights on the trends that could become prevalent in 2023 and beyond. Supplychains will become the strategic drivers of business.
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. The Pros and Cons of Procuring a Benchmarking Tool. That’s the first question to ask.
As digitization continues to modify the global supplychain 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, supplychain visibility. Identify shortage and quality problems along the supplychain.
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.
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