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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.
” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supplychains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. According to my research, top-performing supplychains possess three very different qualities. Responsive.
Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. Source capacity with precision using supply and demand metrics and forecasts.
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.
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 comes from Greg Quirk, Product Marketing Manager at Kinaxis and looks at AI in supplychains. Data is the lifeblood of AI in the supplychain.
We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!
Dialogue with global supplychain teams energizes me. 1) Get Clear on the Definition of SupplyChain Excellence. He has a passion to do supplychain right, but he is uncertain on what to do. Joe works for Filipe, and his boss believes that supplychain excellence can best be typified by lean.
Their goals were lofty, but their understanding of supplychain planning was hazy. In 2006, they made a decision to implement a supplychain planning solution. Integration of corporate social responsibility metrics in planning. SupplyChain Design. Frequent and systemic supplychain design.
Driving Sustainable Growth Through SupplyChain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great SupplyChain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . Digital Transformation Journey. Going Digital: Creation of the Digital Foundation.
The average SupplyChain management professional measures their SupplyChain by reviewing cost reduction. Is cost reduction all that there is in measuring SupplyChain performance? 3 Key Metrics for Measuring SupplyChain Performance Beyond Cost Reduction. Isn’t time important?
Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? Why are we doing this?
A quick scan of the Internet will yield a long list of “the biggest-ever supplychain disasters”. Would access to better supplychain and IT performance information have helped avert or mitigate these failures? Their supplychains must be flexible and responsive to customer and market needs. Item fill rate.
Over the course of the last two years, we at SupplyChain Insight s have worked on a methodology to gauge supplychain improvement. We named it the SupplyChain Index. We have found that supplychainmetrics are gnarly and complicated.During Background on the SupplyChain Index.
He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supplychains. Supplychain optimization has also improved in significant ways that can address these trade-offs better than before.
What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.
That’s why staying on top of the latest supplychain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supplychain planning.
They were unclear on their supplychain strategy and the role of supplychain planning. ” As a supplier three to four levels back in the supplychain, life as a packaging provider is tough. OI has been more focused on transactional efficiency, procurement and IT standardization.
We believe that supplychain excellence helps a company to better balance demand and supply. We also believe that it helps companies to be more resilient: weathering demand and supply volatility while maximizing opportunities and mitigating risks. What does the future of supplychain excellence look like?”
Yesterday, I finished a post on supplychain planning maturity. A client had asked me, “How do I know if we have a mature supplychain planning organization?” Excellence in supplychain planning is a cultural shift. The average supplychain leader has five distinct supplychains.
The traditional supplychain leader focused only on cost reduction. Snow fell last night as I worked on my last SupplyChainMetrics That Matter report. Ironically, most companies are very entrapped in measuring and rewarding functional metrics which degrades overall improvement. Sounds good? Think again.
Breaking Boundaries: Exploring Generative AI’s Impact on SupplyChainsSupplychains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution.
In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.
As I picked it up , I saw a twitter alert welcoming people to the APICS webinar with @lcecere on Agility that afternoon. I had successfully adapted to give a presentation on agility to 254 people. Defining Agility. When I think of the definition of the word agility, I think of Gumby, pictured here. It was 6:00 AM.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. When Covid-19 hit, supplychains across the globe nearly came to a halt.
Lean is a new way of doing business. For shippers, culture and behavior have to change to apply Lean Transportation thinking. Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations.
We believe that a key pillar of this transformation is the supplychain. With such growth comes supplychain complexity. Shift towards self-contracting and self-distribution: With health systems gaining significant scale and wanting more control over their supplychain, this shift is accelerating.
To deal with the new challenges in managing and planning the supplychain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Resiliency. Risk management.
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychainagility: An imperative in an unpredictable world.”. These companies did not realize that profitable agility relies on a bag of capabilities, not simply “visibility.”
In today’s interconnected global economy, supplychains play a vital role in the success of businesses. SupplyChains Under Disruption: A Financial Toll Recent years have witnessed several disruptions that have shaken global supplychains, causing major financial setbacks for companies.
This blog explains The Key MRP Metrics in SupplyChain whcih every supplychain professional in Manufacturing or Distribution Businesses. Supplychain professionals will be familiar with the term Material Requirements Planning (MRP).
We finished our report on the maturation of hospital supplychains , and I have put the finishing touches on the Healthcare SupplyChain Index for this Thursday’s webinar. New SupplyChain Leader of a Regional Children’s Hospital. “We We have used Lean process systems and swim-laned ourselves to death.
If the word collaboration was listed on a card as a drinking game at supplychain conferences, we would be drunk at many. While we speak of collaboration, the focus is on driving enterprise results not value in value chains. Cash-to-Cash Metrics. Here I share perspective on cash-to-cash abuse. I am troubled. My takeaway?
With 65% of supplychain professionals members of the Millenials and Gen X generations, inflation is new. The members of the supplychain organization have never managed through a period of growth, inflation, and unprecedented supply variability. Source E2open Shipping Index). Focus on Cost. Less Collaborative.
Today I want to talk about the challenges faced by today’s automotive suppliers, and why a network model for their supplychain can help. Today, in order to accomplish these goals, continuous improvement in global supplychain execution has become a core supply capability required by most automotive OEM’s.
His insights are numerous, and can all be heard in his full podcast episode, but among them is his main focus in 2020, the opportunity presented by agileprocurement. Bartolini’s view of modern procurement is one of an industry at a crossroads. However, he finds hope in how procurement has adjusted in the recent past.
The role that procurement plays in manufacturing organizations is a difficult one. This function must simultaneously balance cost reduction, quality, and assurance of supply in their quest to maximize profits. . Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supplychain.
This heightens the need for having a global procurement network which can support and respond to a company’s supplychain needs in a timely manner. However, many chief procurement officers claim that it is becoming more and more difficult to select a strategic supplier who offers consistent global quality and local service. #2
Discussions devoid of definitions are the favorite ploy of the SupplyChain Conquistadors.). Companies used a single input–order or shipment data–to drive an output for the demand planner to be consumed into traditional supplychain planning. Be careful. Models Matter. They are often very retailer specific.
The COVID-19 pandemic exposed vulnerabilities in supplychains around the world and the dust has never settled. Positive cases have been on a downward trend but supplychain disruption shows no sign of slowing down. How Have Global SupplyChains Changed Since the Pandemic?
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence. Click here!
With 65% of supplychain professionals members of the Millenials and Gen X generations, inflation is new. The members of the supplychain organization have never managed through a period of growth, inflation, and unprecedented supply variability. Source E2open Shipping Index). Focus on Cost. Less Collaborative.
Supplychain efficiency is the cornerstone of success and involves the effective management of processes, resources, and technologies from procurement to production, transportation to warehousing. Healthcare providers are leveraging efficient supplychains to ensure critical supplies reach patients when needed most.
As supplychain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supplychain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.
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