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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.
Situation Companies are increasingly confronted with complex planning scenarios 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.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Today’s article is from Ahmad Jiwani at Coupa and looks at supplychain design. How often do you revisit and update your supplychain designs?
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.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article is from Asena Denizeri & Anil Gurbuz at Solvoyo and examines the challenges around supplychainplanning for 2022 and beyond.
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.
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. must comply with SOX.
How 3PLs Can Gain Visibility and a Competitive Advantage Offering Automated Billing and a Self-Service Interactive Customer Portal It’s hard to imagine a third-party logistics (3PL) business today operating without some form of a warehouse management system ( WMS ) connecting the digital dots. But can technology do more?
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.
When it comes to supplychain 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 supplychain design as a continuous business process instead of a standalone project or a once-a-year exercise.
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.
For more than a year, global supplychains 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?
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. I left the class not really sure of why they took us through that.
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?
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. SupplyChainPlanning Starts with Looking Back.
This description by a Chief SupplyChain Officer of the state of the supplychain he found in his new role stuck with me. Unlike a supplychain, these steps rely on no disruption to their execution. While there is endless speculation, from my reading two supplychain-specific opportunities intrigued me.
Mars has been on a journey to transform their digital supplychain. In 2019, Will Beery was appointed the vice president and tasked with leading the company’s global digital supplychain transformation. Mars’s Digital Transformation Mr. Beery started by asking, “what does a digital supplychain mean for us?”
Typically, this is a no cost exercise provided by your 3PL so there is every reason to have the review done. With freight rates expected to continue their northbound trend and stressed equipment inventories at an all-time high, a year-end audit may be beneficial. Verify Your Costs.
Has your company ever suffered problems with, implemented, or even considered implementing a sales and operations (S&OP) planning process? Often, in our experience, the problem is a human one… It’s not the data, not the process, not the technology, or the strategy, but the people. The SupplyChain Head.
The chain of responsibility law (COR) is one area of difference – so what is COR? I’ll admit that I was first prompted to dig deeper into this topic after introducing our dock scheduling system to a group of Australian logistics professionals. CHAIN OF RESPONSIBILITY DEFINED. Plans the pick-up and/or delivery of goods.
Despite the significant amount of effort involved in going from running a business on Excel spreadsheets to implementing an enterprise resource planning (ERP), they are very grateful that their efforts to improve their supplychain agility were underway when the pandemic hit. The Peet’s Coffee SupplyChain.
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. What’s stuck at the port?
Sales & Operations Planning (S&OP) as a process has been around since the 1980’s. While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. Does this mean at some point in time we move on from S&OP?
Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supplychain. A well-implemented reverse logistics system is essential for managing these backward movements efficiently. A plan is necessary, possibly based on one of the following strategies.
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.
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.
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. A lot will depend on the nature of your industry and the categories of supplies that you receive.
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? Embracing technology is part of that solution.
The technology revolution in supplychain logistics is experiencing a transformational wave of new innovations and challenges. IoT is one such innovation that is transforming the complex supplychain into a seamless process. What is IoT in supplychain logistics? Improved visibility.
How technology can help increase visibility and reduce paperwork. But as is often the case in the world of supplychain, the ship did not come in as planned. But as companies have become more adept at dealing with unexpected changes, several technologies have emerged to help manage risk and minimize losses.
Planning such a large operation efficiently is no doubt a challenge, but HEINEKEN’s quest for efficiency started in the company’s early years. Today, the company is betting on prescriptive analytics to plan its operations more efficiently and prevent lost sales in a constantly changing market. HEINEKEN is a very de-centralized company.
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.
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales over $19 billion, more than 80,000 employees and more than 60 manufacturing and technology research centers globally. Supplychain management was not always a competitive advantage for Whirlpool.
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. That’s a huge change in itself and what’s more, it’s one that nobody made any plans for.
The answer varies from function to function in the supplychain. Inventory Management is about having a right balance of expectations from different functions of the supplychain. Planning and management in each stage is differentiated by their key driver, method, and service level. What is Inventory Management?
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.
The agribusiness supplychain 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).
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.
According to FreightWaves , “A storm of this magnitude is likely to cause localized diesel supply and price disruptions, as extreme weather impacts the downstream distribution of refined products to fuel stations and truck stops.”. Caution should be exercised. CMA CGM reported that four of their containerships bound for the U.S.
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? According to IBM, integrating supplychain with customer insight is essential for the success of the omnichannel.
Typically, this is a no cost exercise provided by your 3PL so there is every reason to have the review done. In most cases, software does the hard work. A good place to start is a year-end freight bill review. Things are a little quieter this time of year and there is plenty of recent data to review. What is a Freight Invoice Audit?
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.
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. 1) Create Transparency.
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.
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