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Mark Baxa , John Delgado and Joe Lynch discuss supplychain shock waves: strategies for survival and success. Mark is the President and CEO of the Council of SupplyChain Management Professionals (CSCMP), a global organization dedicated to advancing the supplychain profession.
He ran marketing for a large 3PL before launching his own marketing agency, Logistics Marketing Advisors, which focuses exclusively on providing marketing strategy and services to logistics businesses. They have been featured in leading industry publications such as Logistics Management, SupplyChain Management Review, and FreightWaves.
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.
If youve followed our blog over the years, youll know that weve shared lots of information about distribution network design, why its vital to get it right, how long it should take, the importance of reviewing the network every so often, and various elements of design such as determining the number of warehouses and where to locate them.
Chris is the Chief Operating Officer at Flock Freight , a technology company that is on a mission to solve the US trucking industry’s wasted capacity problem. Its patented technology finds and fills underutilized trailer space so Shippers can save, Carriers can earn more, and goods can move terminal-free faster and more efficiently.
SupplyChain Basics with Jason Miller. Jason Miller and Joe Lynch discuss supplychain basics. Jason is a professor of supplychain at Michigan State University, which is ranked as one of the top supplychain schools in the world. Key Takeaways – SupplyChain Basics. and Dortha J.
A look at the supplychain trends and technology that will come into play in 2018. Here is a look at how some companies in the supplychain sector are preparing themselves for the months to come. According to a recent study by Pew Research study, 80% of consumers make online purchases, compared to just 22% in 2000.
The virus continues to compromise supplychains and disrupt companies at a troubling rate, but a re businesses prepared from a supplychain planning perspective? . The era of globalization has enabled supplychains to be broader and more connected. First reaction s to the outbreak .
In our previous blog, we explored how matrices enhance supplychain efficiency, from inventory management to logistics. This post dives into advanced applications of matrices, showing how AI, machine learning, and automation are transforming supplychains. Now, were taking it a step further. In case you missed it!
I’ve completed research on supplychain planning (SCP) boutiques. My colleague Clint Reiser has completed a study on warehouse management system (WMS) boutiques. We are teaming up to bring you the coolest supplychain boutiques, listed alphabetically, that we identified through those studies.
Matrices are powerful mathematical tools that play a crucial role in supplychain management. In this blog, we’ll explore how they are used in various aspects of the supplychain, including transportation, inventory management, demand forecasting, and network optimization.
Andersen Not many years ago there was a CEO so exceedingly fond of finding the right strategy that he spent all of his money on consultants to tell him what the strategy should be. One day there came two consultants and they said they could craft the most magnificent strategy imagianable. ” But he did not say so.
How One Importer Took Control of Their SupplyChain with Unified Freight Logistics Solutions At DGL, we believe logistics should be a competitive advantage, not a daily challenge. Managing separate freight forwarders for air and ocean shipments created disjointed communication, frequent delays, and limited supplychain visibility.
The three traditional methods are the use of a transportation management system (TMS), transportation execution system (TES), and managed transportation services (MTS). For each of these options, software and service providers need to set a clear path for success. Look to the Cloud. Invest in Last Mile. Invest in IoT.
History of SupplyChain Management. Over the last 100 plus years of the history of supplychain management has evolved from an initial focus on improving relatively simple, but very labor-intensive processes to the present day engineering and managing of extraordinarily complex global networks.
Seventy-one percent of the surface of our “blue planet” is covered by oceans which is also reflected in the fact that 80% of goods are moved via sea transportation within the global supplychain [1]. Waiting times in ports contribute to pollution, as the engine of a vessel stays running as it continues to power its onboard systems.
Supplychain executives should take no comfort in being categorized as a support function. They need to ensure that their supplychain function ensures the sustained growth of their organizations. The research report, Drive Your Own Disruption: Is your supplychain in sleep mode?
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supplychain performance requirements. What should supplychain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious SupplyChain Award. We need people that are adaptable.
Many large enterprises use one form or another of a supplychain application to help manage their supplychains. Supplychain vendors have been touting their investments in artificial intelligence (AI) for the last several years. The agent technology is much more complicated than the math.
Interview with Lora Cecere, Founder and CEO of SupplyChain Insights and Author of SupplyChain Metrics that Matter ( published December 2014 ). Lora Cecere is the founder and CEO of the research firm SupplyChain Insights. I couldn’t write how supplychain had improved balance sheets.
Technology for All In a retail era dominated by e-commerce giants, customer expectations have shifted towards instant product delivery at no cost. To meet these demands and ensure superior delivery experiences, retailers and carriers must leverage last-mile delivery technology.
“The costs of a new product’s supplychain can easily outstrip its profit generation, and consistently poor new product initiative management leads to SKU complexity, which can cripple the company’s supplychain.”. It also outlines nine best practices to ensure that new product initiatives increase value.
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.
In today’s interconnected global economy, supplychain disruptions have become a prevalent challenge for businesses across various sectors. Understanding the financial impact of these disruptions and exploring effective mitigation strategies is crucial for maintaining a resilient and profitable operation.
AIMMS has been active in the supplychain space for over 28 years. A s the most experienced supplychain professionals retire , CSCMP estimates that as many as 3.5 The competition for talent is tough, as “ demand for supplychain professionals is estimated to exceed supply by a ratio of six to one.
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.
Supplychain industry leaders have access to more information today than ever before in history. Thanks to data gathering programs, supplychainsoftware , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency.
For a few years now, supplychain professionals and pundits have been speculating on what the so-called “new normal” will look like. Closer to home for supplychain professionals, driver shortages continue to plague the industry. These are the companies and leaders that aren’t letting a good downturn go to waste.
Our look at the Top 25 (plus 4) SupplyChains of 2018 examines how the best companies in the world excel at managing their global supplychains. One of the most popular articles we’ve ever done is our look at analyst group Gartner’s annual ranking of the Top 25 SupplyChains. Printer-friendly version.
So, you are thinking about a career in supplychain? While this article is intended as an evergreen resource, to help you navigate in your search for a supplychain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.
Because of service disruptions – not being able to buy toilet paper, for example – the supplychain has been more discussed than ever before. It was also a very, very tough year for supplychain professionals working in the grocery supplychain. I look forward to this study every year.
If you’ve followed our blog over the years, you’ll know that we’ve shared lots of information about distribution network design, why it’s vital to get it right, how long it should take, the importance of reviewing the network every so often, and various elements of design such as determining the number of warehouses and where to locate them.
However, the impact of logistics on strategy is just as significant and ultimately more profound. The modern fixation on high-velocity, nominally ‘efficient’, and usually ‘globalised’ supplychains have introduced significant operational challenges that many strategists fail to fully realise. ” [1] .
Much has been written about what it takes to run a successful supplychain in the era of “get it to me fast and get it to me cheap.” Supplychain professionals are looking for ways to store goods closer to customers by investing in micro fulfillment centers and to optimize their facilities so orders can be processed faster.
In the complex supplychain that links an enterprise with its supplier upstream and its customer downstream, coordination of planning, resources and processes between all three entities should result in less wastage, better margins and lower costs. What is SupplyChain Collaboration?
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.
and China, what’s happening (or not happening) with Brexit in Europe, or the status of “New NAFTA” and other trade agreements, one thing is clear: there is growing risk and uncertainty in global supplychain management. That was the focus of a recent global study conducted by LLamasoft. Economic Nationalism.
If you were to tell me that your company had never looked at its supplychain costs and sought to deliver reductions, I’d 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.
But the world’s demand for clean energy is running up against some hard realities in the global supplychain and one of the most erratic transportation markets in history. Scarcity of steel is driving up prices for wind turbines and the mounting systems that point solar panels toward the sun. Lack of supplychain visibility.
When it comes to educated speculation about the future of supplychains, I can think of nobody better to talk to than Sheri Hinish. They include the “People’s Choice 2020 Global Woman in SupplyChain Leader” and Supply & Demand Chain Executive “Pro to Know” for 2019, 2021, and 2021.
Supplychains are messy. Blockchain in SupplyChain Can Help. WHITE PAPER] The Top SupplyChain Trends that Will Impact SupplyChain Management in 2018. The inefficiencies that plague supplychains have seemingly been around forever. Blockchain in supplychain changes that.
AIMMS has been active in the supplychain space for over 28 years. There is also a supplychain talent shortage. A s the most experienced supplychain professionals retire , CSCMP estimates that as many as 3.5 Millennials are important, put a strategy in place to attract and retain.
Guy, Ford Motor Company’s director of manufacturing, engineering, and systems, discussing the application of robotics into its business. It was during this party that American inventor George Devol, the designer of the first mechanical arm, met with Joseph Engelberger, the father of robotics. The growing skills gap.
Even headline speakers were professing “data got sexy” and data is now a core strategy for companies looking to succeed. The Hackett Group provides a useful visual for describing the maturity stages that supplychain is moving through as the industry strives to leverage data and advanced analytics.
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