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Alaster Love, Vice President, Oil & Gas at Transplace shares insights on the modal and regulatory complexities found in oil and gas supplychains, and strategies for companies in this space to optimize their operations, such as: Establishing a centralized “Control Tower” for collaborating with district level execution.
Drip BigData. The Connected SupplyChain. Drip Digital SupplyChain. Autonomous SupplyChain Planning. Self-Healing SupplyChains. Touchless SupplyChains. The most efficient supplychain (in terms of lowest cost) is not the most effective.
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 vast sea of supplychain information, which SCMDOJO supplychain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supplychain knowledge and give you a competitive edge. Read In Detail About Procurement Department Here 2.
Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines
During this webinar, we’ll discuss how to take an objectives-first approach and demystify some of today’s hottest tech such as IoT, AI, and BigData and show you how they can help build resiliency, unearth competitive advantages and optimize bottom-line results by: Fostering innovation. Implementing strategic procurement strategies.
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. But sometimes fixing the bad data problem is complicated.
The supplychain is knotted. Yesterday, @DamarqueViews asked me a question on twitter: “What do you think are the greatest barriers in the adoption of social technology in the supplychain?” I find the evolution of social technologies, and the promise of social, exciting for the supplychain.
In the last three to five years, something has changed in conversations about supplychains and logistics. Suddenly, discussions seem to treat bigdata as a driver for incredible innovation. To use bigdata effectively, supplychain and logistics operators need effective “bigdata” tools.
Ever since COVID hit, supplychain executives have embraced supplychain risk management. Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. SupplyChain Chaos is the New Norm. Then multiply by 10 for the Tier 3.”
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. . These capabilities can bring efficiencies to decision-making across the supplychain.
Bigdata will be a defining force in the future of logistics, but the benefits of bigdata are already being felt. This graphic shows the true scope of impact of bigdata in the Transportation, SupplyChain & Logistics industries. . Obviously, there is a lot going on. Reduced Operational Costs. .
The amount of information and improvement possible through bigdata can be overwhelming. Unfortunately, this may lead some supplychain managers or executives to simply avoid the topic until a more cohesive understanding of its possibilities can be made. How to Get Started with Your BigData Strategy. .
Supplychain leaders are enthralled with the idea of using bigdata, but they tend to fail to understand how to disseminate bigdata in their organization properly. Ask Traditional Questions, and Let BigData Provide Answers. Ask Traditional Questions, and Let BigData Provide Answers.
I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. More companies will treat SupplyChain Design as a continuous business process instead of a standalone project or a once-a-year exercise. Process Industry Moving Up the SupplyChain Maturity Curve.
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.
I was talking to a client yesterday about the evolution of technologies for the extended supplychain. I left supplychain and went to Europe for four years, and thought it would change. Today, I want you to imagine what our world could look like if we had an effective extended supplychain. But, guess what?
Today, supplychain excellence matters more than ever. During the pandemic, the supplychain discussions take new importance. While the supplychain technology market lost its allure at the start of the last decade, it is now cool again. The supplychain career is new. Reflection.
Global supplychains are built on three assumptions: rational government policy, availability of transportation resources, and low variability. Supplychain leaders have little history to use as a guide to prepare. Before the pandemic, supplychain leaders experienced relatively free trade across borders in 2017.
If this challenging past year has taught us one thing, it is the value of connections–not only in our lives, but in supplychains. Indeed, when customers contact us for planning support through our COVID-19 Action Center, they are usually grappling with similar supplychain disruptions–or disconnections. .
Waves of hype pass through supplychain narratives. As an old gal attending multiple conferences (more than I would like at times), I have listened to speakers waft eloquently about the value of concepts like networks, bigdata, industry 4.0, and digital supplychains. and digital supplychains.
Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations Cooper University Health Care, like most companies, struggled with their supplychain during COVID. The company bought a risk solution that provides real-time alerts to potential supply disruptions. We knew exactly what we couldn’t get.”
After a dramatic drop at the beginning of the pandemic, SupplyChain Management (SCM) and Enterprise Resource Planning (ERP) software public valuations are near twice the ten-year average. The majority of the transactions are in Enterprise Resource Planning (91) versus supplychain planning (31). Imagining What Could Be.
However, it’s only early February 2024, and we already have several major disruptions impacting supplychains. This is an important time for the supplychain profession. Supplychains are in the news, on governments’ agendas, and in the spotlight. For more information on the research, click here.
Getting the raw materials needed to maintain production is one of the most important parts of the whole supplychain. However, following these 10 practices can help you learn how to reduce spend in the procurementsupplychain. Use BigData Analytics to Ensure Real-Time Management of the Entire SupplyChain.
Companies invested in tight integration of ERP with supplychain planning (APS). As shown in figure 1, the gaps in the value chain network are large. In this blog, let me share some insights based on work with clients and augmented with data from two recent studies that we have just completed at SupplyChain Insights. (We
As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?
Today, nine out of ten supplychains are stuck. Despite two decades of advancement in supplychain technologies, companies are struggling to gain balance at the intersection of operating margin, inventory turns and case fulfillment. Market volatility is increasing and supplychains can respond, but they cannot sense.
“BigData” is everywhere. The value of quality data has never been higher, and the power to process that data is more readily available than ever. To better understand the impact of bigdata analytics on procurement, we turned to industry veteran Walter Charles, CPO at Allergan, who sees bigdata as a major disruptor.
I take supplychain seriously. I believe that better supplychain practices can save the world, and I think that it makes a difference in warfare and welfare. Today, when I talk about building the end-to-end value chain, people will look at me strangely and say “That is not supplychain.
She wrote, “I have been working in the supplychain for 35 years, and we are still trying to solve the “demand” issue. Solving from a supply side seems to work for many companies I work with. I know that your primary focus is procurement. In a recent blog post, I was challenged by Anna. The reason?
BigData Analytics and AI are at the forefront of this technological revolution, offering unprecedented opportunities for retailer agencies and agents to optimize their operations and enhance customer experience.”[1] ”[3] Ihnatchyck suggests five other ways AI can benefit retail supplychains.
This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The cloud also allows access to BigData, which greatly improves the platform’s ability to do machine learning. Coupa has been a very fast-growing company.
Secondly, even though internal integration can be achieved through executive command, external supplychain partners – customers, suppliers and service providers – have their own way of doing business and won’t change their processes. Supplychain operating networks are real game changers.
It is one reason experts on logistics are following the autonomous freight truck market and new approaches to freight procurement closely. Inspirage is a consulting and system integration firm focused on implementing Oracle ’s supplychain applications. However, freight procurement is changing. There is a driver shortage.
The basic frame of supplychain planning–functional taxonomies for optimization on a relational database–must be redesigned before supplychain leaders can reap the benefit of deep learning, neural networks, and evolving forms of Artificial Intelligence (AI). I term this our data jail. Stay tuned.
While consultants know the answers (or believe they do), I believe my goal as a research analyst is to unearth new questions that should be asked (and answered together openly in the supplychain community) to improve value. In most supplychain projects we follow, we see an increase in blackholes. Blackhole Automation.
Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , SupplyChain , Logistics , Transportation Management , Freight. The Top 10 SupplyChain Blog Posts from 2017. What are the specific technologies to understand in the digital supplychain.
The complexity and interconnectedness of the global supplychain have led to organisations becoming more dependent on suppliers than ever before. Strategic sourcing can help supplychain leaders identify potential risk factors and develop procurement mitigation plans.
Subscribe to SupplyChain Game Changer. SupplyChain’s Moment of Truth Has Arrived! But few have in-depth experience in SupplyChain, let alone understand how to leverage SupplyChain. But few have in-depth experience in SupplyChain, let alone understand how to leverage SupplyChain.
Supplychain management technology has a fault line. The technology market for supplychain management is dramatically shifting. This transfer of ownership reduced the effectiveness of procurement. The Autonomous SupplyChain for Physical Logistics. Seismic shifts. It is growing. Innovative startups.
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.
Our previous discussion on augmented reality revealed a new trend in supplychain management , the use of computer-simulated imagery to enhance production and efficiency. However, artificial intelligence is poised to radically change the supplychain in profound ways. Artificial intelligence is everywhere.
In the past year we’ve published 32 reports; but this past February, we heard from a SupplyChain Leader that loved our reports and said , “It would be great to hear the research in a podcast format to enable quick sound bytes for my morning runs.” We love this type of feedback. We want to help. It is catching fire.
Subscribe to SupplyChain Game Changer. Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. But there is the reality of automation in Procurement.
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