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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.
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.
My head is wobbling with announcements, late-night Friday press releases, company name changes, and executive turnover in the supplychain planning market. Logility, a conservative company supplychain planning technology, historically had no debt and cash reserves of more than 80M, is undervalued in this deal.
The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supplychains. This includes: Increasing domestic supplychain investments, reducing dependence on cross-border components.
Even global manufacturers –– companies across industrial, automotive, chemical, and energy industries –– are scrambling to mitigate the impacts of labor, material and energy shortages, delays, inflation, and unexpected events. It’s not just small and medium-size businesses that are caught off guard.
For over a decade, since founding SupplyChain Insights in 2012, I have pounded the keyboard, asking business leaders to think more holistically about the impact of supplychain decisions on the firm’s value, the improvement of a value chain, and the impact on the environment. Thirteen years. Change is Hard.
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.
And how can supplychain planning help? In one project, I am interviewing over fifty supplychain leaders on their perceived impact of advanced planning, what makes a good plan, and how effectively they use the technology. I am also writing the new edition of the SupplyChains to Admire.
While the supplychain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. As we turn the page on 2022 , I’d like to make five supplychain predictions about what to expect for 2023.
We’ve only just entered the second half of the year and people haven’t even taken their summer vacations yet, so why are we talking about holiday supplychains now? You might be thinking, “Well, but what about growing retail inventories? Shouldn’t this alleviate the pressure on holiday supplychains?”. Not really.
Over the past three decades, three technological shifts have transformed the fashion industry. First, in the early 2000s, advancements in data analytics, RFID, and localized supplychains fueled the rise of “fast fashion.” million tons of chemical waste, and 3 million tons of packaging materials.
Life for the supplychain leader is more complex. The future inventory fire sale. We are living in a world of rich supplychain case studies. Each day, the Wall Street Journal features a supplychain failure as front-page news. Why Is There No Economy of Scale in SupplyChain Acquisitions?
In a previous post , I made a case for how the Chief SupplyChain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly SupplyChain and Procurement will need continuous collaboration. By aligning supplychain and procurement, spend can be considered more holistically.
Each year, we compile a list of top-performing SupplyChains, termed the SupplyChains to Admire. This week, while all my friends are on vacation, I am writing the final report for the SupplyChains to Admire. Our goal is to continually redefine the definition of supplychain excellence.
In producing oil, chemicals are injected into the ground to increase flow. The amount of chemical treatment is tied to the oil and gas production rates; treatments need to be adjusted as production rates vary. In many situations production treatment chemicals represent the second highest […].
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. The technology is reaching such an inflection point.
Megatrends Shaping SupplyChain Innovation. While the COVID-19 pandemic woke up supplychains around the world, the ripple effects continue to disrupt in both size and scope. How are supplychains planning for further disruption and uncertainty? Creating a more resilient supplychain.
Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. The health of all sectors is dependent on the chemical industry.) The value chain supporting all industries is sick, requiring a leadership step-change. Supplychain leaders have little say in the business.”
That’s where manufacturing inventory management software comes in. The right software can streamline your production, optimize stock levels, and even help you save money. We’re talking real-time tracking, automated purchasing, and a whole lot less stress. Spreadsheets just don’t cut it anymore.
While most consultants and technologists want to sell technology, and are eager to slap in a new piece of software, my caution is to slow down and better understand root issues before having a technology discussion. Time For A SupplyChain Check-Up? inventory turns. inventory turns.
Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? Designed to lift the profession and celebrate supplychain results, I struggle to find that the methodology supports either objective.
We recently created a quiz to help supplychain professionals answer this question. Our goal was to help you identify potential improvement opportunities by answering a few questions and get a temperature check on the current landscape of network design solutions. It’s great to see the enthusiasm for this interactive tool. .
It can be made with many different characteristics, for example, different chemical compositions to increase strength, durability, etc. Furthermore, the introduction of new technologies also presents more challenges for steel players. Technological challenges. Supplychain challenges.
Supplychain resilience is a hot topic the last few years since post-Covid issues and newsworthy incidents like the Houthi attacks in the red sea have raised awareness. The bridge collapse is a stark reminder of the vulnerability of the nation’s aging infrastructure and the importance of supplychain resilience.
The global supplychain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. The impact varies by supplychain sector and value chain. Instead, supplychain leaders need to focus on the minimization of waste, and the alignment of signals.
Companies of all sizes have been capturing the value from Global SupplyChain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. However, you may wonder what kind of practices really work.
Or agreement on the definition of supplychain excellence. Sometimes, even the definition of a supplychain is not clear. The focus is on digitization—automating today’s processes—versus rethinking process excellence based on the art of the possible. Confluence of New Technologies. Why does it matter?
Companies implementing supplychain planning (SCP) have traditionally been very big companies or companies with complex supplychains. Supplychain planning is not just for the big boys. In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated SupplyChain.
SAP touts “best-run companies” while the Accenture ads claim “ high-performance supplychains.” I am a nomad, searching for a good definition of supplychain excellence. Supplychain leaders are naturally competitive, and they want to know how well they are doing. I shake my head.
I feel that topic of supplychain management is analogous to the downward cycle of the news channels. What Drives SupplyChain Excellence? I analyze supplychain management. There is the story of aggressive sales teams over-hyping the promise of technology to drive balance sheet improvement.
A transformation that is based on the idea that by putting in new applications the company will automate a process, or processes, and provide more and better data to make decisions, is a poor foundation for a true transformation. GEON Embarks on a Digital Transformation GEON Performance Solutions is embarking on a supplychain transformation.
. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supplychain planning software. Let’s face a hard fact: the supplychain planning market is a mess. Most have purchased software, but are dependent on Excel spreadsheets.
The Green Corridor: Full Circle – The Promise and Struggles of the Circular Economy and Green SupplyChains. This is my mantra for building green supplychains. Green SupplyChains – The Right Place at The Right Time. This will always be the case and there are always new tools to assist with this.
At the SupplyChain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, and L’Oréal’s approach to business that has allowed the company to continuously rank as a SupplyChains to Admire winner for four consecutive years. SupplyChains to Admire Methodology.
Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. Traditional ABC inventory models segment inventory into A, B and C categories based on annual consumption value.
On a recent road trip to retrieve my daughter from college I drove past a handful for chemical manufacturing plants of various types. Viewing a chemical manufacturing plant from a distance everything seems so peaceful and static. The supplychain that supports these complex facilities are also in continuous motion.
The process as is implemented in many companies focuses on balancing demand and supply based on preestablished rules and policies that serve as guardrails for the planning process. More recently the technology has evolved to a point where such processes can be conducted at a faster cadence than a typical monthly cadence that was the norm.
In a study conducted by Accenture in 2015 of chemical companies, results showed that 94 percent expect to boost their investment in digital capabilities in the next three years to embrace a competitive advantage. Historically, chemical companies buy from and sell to nearly every industry in the world, adding special demands for connectivity.
From warehouse robots (very real) to equipment that you control with your mind (in the labs), new technologies appear so regularly that it can be hard to separate real from science fiction. Beyond cars and machine tools, 3D printers are now making spare parts to order for the US Marine Corps, container ships, and beverage filling plants.
” The storyline starts with a supplychain story of a shortage–semiconductors, rental cars, plastics–and ends with an easy answer. Nothing about the current state of the supplychain is easy. Supplychain leaders have the ability to drive change like never before. And, voila!
In Part I of this series , we looked at supplychain professionals’ perception of forecast accuracy and how they see their forecast evolving in the future. With supplychain complexity on the rise, can new technologies help to improve forecast accuracy and achieve benefits like an optimized inventory and better customer service?
The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 Following COVID-19 the global chemicalsupplychain market reported a severe decline in output.
Last week, I wrote about the evolution of supplychain planning. In my blog post, I commented on HOW little supplychain planning has changed in its twenty-year evolution. I, like other analysts, are stuck in the traditional software APS paradigm. I am part of the problem. 1) Kinaxis.
If you ask companies if they would like better inventory and global supplychain visibility, you will get an overwhelming answer of, “Yes!” The term supplychain visibility varies by role. Today, I published a new report on building Digital SupplyChains. ” The answer is simple.
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