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When one thinks of supplychain software vendors, the name InterSystems may not spring to mind. A supplychain data fabric can help companies augment their supplychain processes. They aim to achieve the same success in supplychain management that they have achieved in the healthcare sector.
According to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supplychain executives are losing the strategic gains they made with their C-suite counterparts. 28% of supplychain leaders cite cost reduction as one of the top three priorities currently.
Supplychain practitioners seeking the best way to speed decision intelligence, unify supplychain data, and increase operational efficiency can benefit from a supplychain data gateway. Here are 10 ways a supplychain data gateway can improve your performance across the end-to-end supplychain.
In the supplychain management industry, words swirl but lack definition. Will we transform and improve supplychain planning systems based on AI? Over the past decade, over 320,000 supplychain leaders have followed me on LinkedIn. (I However, SAP supplychain planning is an excellent system of record.
And for procurement and supplychain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supplychain for the year ahead?
Jack Fiedler, the vice president for digital transformation of the global supplychain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supplychains. During COVID, this more agile and resilient model allowed the firm to grow their market share.
In an increasingly competitive logistics landscape, these capabilities allow companies to remain agile and cost-effective. Autonomous vehicles will also facilitate greater integration across the supplychain, improving real-time communication and collaboration between suppliers, carriers, and dispatchers.
Supplychain teams face a similar dilemma – companies are overloaded with vast amounts of data, and the ability to sift through the noise and focus on relevant insights has become a critical capability. Decision-makers must operate with agility and speed, often orchestrating complex scenarios across vast supplychain networks.
Last year, many in the supplychain technology industry were warning companies all over the globe to prepare for the unknown. There is optimism around the corner, but a sunny outlook isn’t enough; it’s past time for supplychain leaders to transform their supplychains to become more agile.
GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supplychain resilience and agility. This is essential reading for all procurement and supplychain leaders.
As vice president of supplychain and procurement, Mr. Wengert was brought in to drive change. Hospital chains’ approach to procurement lagged far behind the practices employed by manufacturers, retailers, and distributors. Mr. Wengert explained that medical chains have two types of procurement models.
Artificial intelligence (AI) and rapidly developing generative AI tools provide complex, real-time, and in-depth insights specific to supplychain management. This is particularly critical in supplychain environments where aligning data across siloed departments is essential.
Amid all the disruptions facing the supplychain at any given time, tariffs remain a constant concern for leadership. Last year, in a survey , supplychain leaders identified rising tariffs and trade barriers as their top challenge. Building a more agilesupplychain is necessary for companies across all industries.
Having an effective supplychain practice has always been a difficult balancing act, even in relatively stable times. The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supplychain and procurement operations. Gap between supplychain and procurement.
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. Supplychains need to be more agile than ever, yet much of the advice circulating in the industry remains high-level or less than ideal.
Businesses have shifted from supply-focused approaches to demand-driven models, yet many still struggle to balance accuracy with agility. What is Demand Forecasting in SupplyChain Management? To help you stay ahead, here are four strategies that supplychains leaders are using to win at demand forecasting.
Businesses have shifted from supply-focused approaches to demand-driven models, yet many still struggle to balance accuracy with agility. What is Demand Forecasting in SupplyChain Management? To help you stay ahead, here are four strategies that supplychains leaders are using to win at demand forecasting.
Hansen , economists at the International Monetary Fund, observe, “Historically, supplychains were simple and operated within confined geographic areas. However, in our modern economy, supplychains are highly complex and involve numerous producers around the globe.”[4] So do most supplychain professionals.
CEVA Logistics, a global leader in third-party logistics, was contracted to help a technology company manage its complex supplychain, supporting B2B, B2C, and reverse flows across multi-leg transport.
SupplyChain Management – SCM – The Coordinated Process of Producing and Delivering Goods and Services from Suppliers to Consumers – Conceptual Illustration In todays rapidly evolving global marketplace, supplychain disruptions have become a regular occurrence.
Insights from Gartner’s Hype Cycle for SupplyChain Strategy, 2020. Supplychain professionals know it can be extremely challenging to drive day-to-day operational excellence and pursue innovation at the same time. Gartner’s Hype Cycle for SupplyChain Strategy, 2020 offers some guidance. Network Design.
Let me explain, if you fill out one of my surveys on LinkedIn, I share the research results in front of the paywall (I believe that supplychain research should be readily available and not locked behind a paywall.) (If Most see their supplychain as fixed and insular.
Unlike the prior supply disruptions in my lifetime, there will not be a new normal. Instead, supplychain leaders face wave after wave of disruption until there is a vaccine. As a result, much of what we have learned as a supplychain best practice is no longer applicable. How does this affect supplychains?
In today's new supplychain paradigm, resilience and agility are key. Test your Planning Fitness. Is your planning process fit enough to keep up with the pace of change? Is your tech stack helping or hindering your progress? Take AIMMS's new quiz to uncover learnings and benchmark yourself against peers!
When the pandemic started in 2020, no one could foresee the impacts of the global supplychain disturbances would last this long. Now the new norm is constant change, and agility is the name of the game when it comes to supplychain planning. Critical inventory disruptions/deficiency anywhere in the supplychain.
ARC analysts have published predictions about supplychain technology trends at the beginning of the year in past years. SupplyChain Disruptions Will Diminish, but Remain Substantial. SupplyChain Disruptions Will Diminish, but Remain Substantial. We expect direct impacts to diminish in 2022.
Even before the Covid-19 pandemic disrupted global supplychains and upended the global economy, supplychain experts insisted that supplychain resilience was essential. There is a] need to prepare supplychains not only to survive, but to thrive in chaos.”[1] The reason?
For the past few years, the news has been filled with stories about supplychain disruptions, supplychain fragility, and the need for supplychain resilience. A term once prominent in supply discussions optimization isn’t heard quite as often as it used to be.
In the aftermath of the pandemic, supplychain inadequacies have been revealed in a new and stark light. Most found themselves ill-prepared for the magnitude of disruption in supply and demand, followed soon after by political unrest, labor and material shortages, and sharp inflation.
ToolsGroup identifies five key drivers shaping the future of supplychains: changing customer expectations, heightened competition, rising operational complexity, technological advancements, and geopolitical tensions. Optimize Distribution Networks Adapt warehouse locations and logistics for localized supplychains.
After finishing the SupplyChains to Admire report and the Youtube series (to be released this week), this is my feeling. What Is SupplyChain Excellence? The seven years of work on the SupplyChains to Admire is part of my quest to answer Keith’s question. Here, in this blog, I explain.
The toilet paper shortage was one of the COVID era events that taught people what the term “supplychain management” meant. The changes to the profession of supplychain management are dramatic. Firstly, the term “supplychain management” was not in general use before COVID. This worked.
ARC Advisory Group has been covering the SupplyChain Planning ( SCP ) market for 17 years. The pandemic brought home the need for companies to run agile and resilient supplychains. SCP is a critical application to help companies achieve better agility. Here is the full SupplyChain Planning Viewpoint.
Brittle supplychains, fragmented systems landscapes, unreliable and inaccurate data, as well as poorly managed IT and business networks are consistently reported as top concerns, which is why executives are increasingly prioritizing digital transformation.
The Future of Logistics: Integration and Efficiency In the near future, autonomous drones and vehicles may coexist in a hybrid logistics model, with each technology addressing a specific part of the supplychain. Their agility could support efficient last-mile operations in urban logistics.
Supplychain resiliency and sustainability are top priorities for CEOs today. To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains.
Ron Crabtree and Joe Lynch discuss SupplyChain 2030. Summary: SupplyChain 2030 In this podcast, Joe Lynch and Ron Crabtree delve into the critical challenges and trends shaping the future of the supplychain industry. They’ll diagnose your problems and get you back on track, fast.
In a recent research project, we found that 2/3 of companies had a digital supplychain transformation strategy; however, those that were evolving their strategy performed better during the early months of the pandemic than those that were “clear” on the project plan for a digital transformation. SupplyChain 4.0.
When the only certainty is uncertainty, what does that mean for today’s supplychain management approaches? This eBook delves into how supplychain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supplychain.
Supplychains are no longer just a businesss logistical backbonetheyre the frontline where competitive advantage is won or lost. A community of industry and technology experts at Logility all see the signs: the rules of the supplychain game are changing. This is where supplychains will see breakthroughs in optimization.
”[2] Company executives now understand that being able to test scenarios and strategies that can help them successfully navigate todays volatile supplychain landscape is crucial. ” They add, “Digital twins have the potential to deliver more agile and resilient operations.”
Blue Yonder’s CEO, Duncan Angove The supplychain software landscape is changing rapidly. On Friday, March 29 th , Blue Yonder, a leading provider of supplychain planning and today execution solutions, announced signing an agreement to acquire One Network Enterprises for approximately $839 million. More than 5.6
Global conflicts, macroeconomic shocks, and shifting global trade routes are all combining to provide real challenges to modern supplychains, and are driving the uncertainty that organizations feel. Companies often struggle to plan for such challenges, which is why developing a strong and resilient supplychain team is so important.
Speaker: Peter Kraemer, Chief Supply Officer of Anheuser-Busch InBev
The past few years have shown us that nothing is constant in the supplychain industry. Innovation through exploration, development, and scaling of technology has enabled markets across the globe to remain agile while responding to challenging times. In fact, change is inevitable.
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