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You’re juggling production schedules, managing inventory, keeping an eye on finances, and making sure everything runs smoothly on the shop floor. Manufacturing ERP (Enterprise Resource Planning) software integrates all your core business processes into one powerful platform. Running a manufacturing business isn’t easy.
As businesses become increasingly global, professionals in the supplychain field must keep up with new technologies, trends, and best practices. Summary Table edX SupplyChain Courses vs. SCMDOJO Aspect SCMDOJO edX Focus & Specialization A dedicated platform focused entirely on supplychain management.
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.
A digital workforce weaves together disconnected automationtools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. RPA as it is also referred to, has the capability to transform supplychain management. Procurement.
by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility. Reason #4 Making key decisions by modelling the supplychain in Excel. and it didn’t leak.
He shared that he worked for a freight forwarder providing supplychain planning services for a major retailer. As a result, the project implemented by KPMG was primarily a technology implementation. As a result, the project implemented by KPMG was primarily a technology implementation. The software was never tested.
Leaders surveyed in third annual ToolsGroup and CSCMP report are “extremely concerned” about external supplychain threats but lack people to make transformation succeed. From January to March 2022, CSCMP and ToolsGroup surveyed more than 300 supplychain professionals around the world.
When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. When the pandemic started in 2020, no one could foresee the impacts of the global supplychain disturbances would last this long.
Today, we published The SupplyChains to Admire for 2023. Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. I admit it.
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. Only 2% of companies are pushing forward in our SupplyChains to Admire analysis. I don’t know.
In February 2023 I wrote the article What Does 2023 Have In-Store for Global SupplyChains? It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supplychain and logistics executives. Meanwhile, labor constraints are as binding as ever.
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. Is this success? I don’t think so.
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.
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. Analyze Past Results in Customer Service.
When I started my business in 2012, I frequently wrote about the future using the moniker of SupplyChain 2020. We had just recovered from a recession, and my goal was to help supplychain leaders create a better supplychain by the end of the decade. At that time, SupplyChain 2020 seemed so far away.
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.
Thirty-one months of supplychain disruption. The Russian invasion of Ukraine stretches into a much longer war resulting in serious disruptions to the food, automotive, and semi-conductor supplychains. While many old-fashioned supplychain leaders speak of Risk Management and the need for Control Towers.
This afternoon, I poured myself a cup of tea to pen congratulation emails to the SupplyChains to Admire award winners. In the calculation of winners, we measure improvement through a vector analysis of orbit charts at the intersection of inventory turns/operating margins and growth/ROIC. SupplyChains to Admire Award Winners.
When Gartner purchased AMR Research in December 2009, the methodology became the Gartner SupplyChain Top 25. However, when Gartner bought AMR Research, and I left in the transition(because I don’t believe in the Gartner methodology), I launched a new methodology named the SupplyChains to Admire. The reason?
While I am advocating rethinking supplychain planning, for some consultants, the only path forward is the adoption of DDRMP. He is a great thinker on inventory planning and demand management.I like Stefan’s quote, “However, all the boasts of value it (DDMRP) brings are in comparison to the value of MRP.
More and more businesses are hopping on the outsourcing bus and letting the experts take the wheel to drive supplychain planning processes. Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supplychain planning (SCP). Driven by improvements in performance and cost.
So how do these changes bleed into the facets of the supplychain? What Is the Post-Pandemic “New Normal” SupplyChain? SupplyChain Resilience. Resilient supplychains were able to cope and recover from sudden shocks and disruptions during the pandemic.
Let me start by saying that t he process is not a panacea to solve all supplychain ills. Clear operating strategy and definition of supplychain excellence across plan, source, make and deliver. There is a clear definition of the role of the supplychain in the delivery of value. One SupplyChain.
The consulting team pitches a theme–vision of supplychain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. Question 1: What drives a Successful Implementation of SupplyChain Planning? Supplychain planning is now on its third decade.
For the last decade supplychain leaders and CIO’s have been evaluating when and how to move their supplychain applications to the cloud. Increased visibility – a cloud platform provides real-time visibility into critical supplychain data, such as inventory levels, which can help you make informed decisions.
” 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!
How AI in SupplyChain Brings Value to Your Business Supplychain leaders are looking to get a firmer grasp on their supplychain planning. Over the last few buzzword-laden years, we’ve seen many shiny new tools generate excitement – and confusion – around the potential of AI.
Last week was the SupplyChain Insights Global Summit. 110 supplychain leaders attended. In preparation for the summit, we readied the final report of the work on translating balance sheet results into a methodology to judge SupplyChain Excellence. A big bang technology focus has not worked.
As a guest writer for Forbes, public relations firms constantly pepper me with requests to speak to technologists boasting of having answers to improve supplychain resilience. I strongly believe that historical supplychain practices are not the answer. They need to evolve to help today’s supplychain business leader.
I was moving from a position where I led a manufacturing operation to being a part of a team to design supplychainsoftware to improve planning decisions. I was moving from the world of manufacturing to a new world of software. When I went through the training to learn the new software, I struggled.
Companies using outmoded tools such as Excel spreadsheets and simple database systems to manage sales and operations planning (S&OP) have found themselves in an almost impossible position — stuck with outdated data and a manual reconciliation process that is both time-consuming and error-prone. Performance-to-plan comparisons.
Last week in the middle of a presentation, a supplychain leader made the statement, “We have solved the issues in supply through better optimization and use of data. Many supplychain leaders are so convinced they know the answers that they have stopped listening and learning. The issue is demand.
by Alexa Cheater 7 barriers to aerospace and defense supplychain success. As air travel demand soars, aircraft equipment manufacturers continue to innovate in areas like jet engine fuel efficiency, navigation technology and materials science. Aerospace and defense supplychain pain points. Supplychain complexity.
ARC Advisory Group’s research on the warehouse technology markets ( WMS , Warehouse Automation , and Mobile Warehouse Robotic s) shows that 3PLs are prominent investors in technology. Open Sky Group is a global specialist in the Blue Yonder (formerly JDA RedPrairie) supplychain platform.
As I wrote, I reflected on the Generative AI hype cycle in the supplychain market and the contribution to noise. I questioned in this time of uncertainty if supplychain leaders will value data-driven content. This is despite investment in people and technology. Lack of Clarity on SupplyChain Excellence.
This was WBR’s first event in the United States targeted for the Medical Device SupplyChain Leader. Today, managing a medical device supplychain is tougher. As hospitals adopted consignment planning programs, inventory progress slowed. Companies with lower margins tend to get better at supplychain faster.
Procurement AI enables teams to quickly process mountains of data, uncover hidden patterns, and automate repetitive tasks like invoice processing and supplier evaluations. AI in procurement refers to using advanced technologies to make procurement processes faster, more efficient, and data-driven.
Your ERP system is not the right technology for a sustainable supplychain. Key takeaways: A digital supplychain platform is essential for a sustainable supplychain. While your ERP may run your internal business, it’s not the right choice for the complex tasks a sustainable supplychain requires.
One of the hardest parts of my job is helping customers get to grips with complex, counterintuitive supplychain concepts. Equally mystifying to people is the concept of inventory optimization. – Don’t you have to raise inventory levels to guarantee service levels?” A better way: Inventory mix optimization.
When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” The supplychain is a complex system with increasing complexity.
Lora Cecere of SC Insights was the first of the supplychain expert opinions I saw on DDMRP. The software approaches and project implementations are not enterprise class. However, she disagrees with DDMRP’s principles of forecasting and the use of demand sensing technologies. She likes DDMRP flows and buffers.
In part one of this blog series, I started the saga of the supplychain fairy tale. It was a story where people believed that functional excellence leads to supplychain superiority. I strongly feel that a blind focus on functional excellence will cause the supplychain to become out of balance.
Supplychain excellence. The answer makes or breaks a supplychain leader’s career and defines corporate value. When we look at the relative progress of industries within the Technology Value Networks in Table 1, you see a lot of red. Is this because this value chain is a laggard? Let’s take an example.
My goal is to engage the supplychain community in a no smoke and mirrors discussion. My observation is that the supplychain community perpetuates a number of myths about planning. This post is a reflection from twenty years as an analyst in supplychain planning. What is supplychain excellence?
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