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I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. The reason?
Wikipedia In 2014, I was exploring methods to publish what is now the SupplyChains To Admire report. This data source synchronizes corporate reporting across global markets while tracking restatements, name changes, and currency shifts.) As an aside, I do not think that Lenovo is an example of a supplychain excellence.
“When will the impact of the pandemic on the supplychain be over?” The building of the global supplychain over the last seven decades evolved based on three assumptions: Number 1. With availability assumed, the traditional focus of supplychain practices was on negotiating the lowest price.
“When will the impact of the pandemic on the supplychain be over?” The building of the global supplychain over the last seven decades evolved based on three assumptions: Number 1. With availability assumed, the traditional focus of supplychain practices was on negotiating the lowest price.
by John Westerveld Reason #5: Not having a supplychain risk management process. 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.
“When will the impact of the pandemic on the supplychain be over?” The building of the global supplychain over the last seven decades evolved based on three assumptions: Number 1. With availability assumed, the traditional focus of supplychain practices was on negotiating the lowest price.
A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S. dollar into Asian currencies.
Amongst the issues faced by both businesses and consumers in 2021, supplychain shortages – and the resulting challenges – held strong in the headlines throughout the year. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges.
Redwood City, CA, June 30, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its source-to-pay platform with a new payments solution to digitize and streamline global supplier payments. Enabling the complete source-to-pay process within the Ivalua Platform has always been a strategic objective.
Supplychain visibility is no easy task – in fact, defining what it means can be a challenge in itself. What is your definition of supplychain visibility? Even the data we have can present problems, ranging from data transformation to currency conversion. This is the direct route to improving collaboration.
by Dr. Madhav Durbha These days, not a single supplychain conference I attend goes by without someone mentioning Blockchain. This is quite fascinating considering the code behind Bitcoin itself is open source. The design principles of Blockchain will be essential to such efficient financial supplychains.
A lot of companies set up operations and sourced from Mexico back in the 90s, then the focus shifted to China and other Asian countries, and now Mexico is back in the spotlight. has a surplus of natural gas; it’s a cheap energy source that helps Mexico continue to be competitive. . Currency is stable and inflation is under control.
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?”
Finance speaks a different language than supplychain. But by monetizing Sales & Operations Planning (S&OP), supplychain planners can speak the language of finance while developing S&OP into a more mature process. Gartner’s research is echoed by Lora Cecere of SupplyChain Insights.
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. alternatives.
While market uncertainty and economic turbulence are likely factors, the hesitancy to take on new opportunities also stems from a misalignment between supplychain and finance organizations. The key to resolving this dilemma is unifying finance and supplychain data, processes, and systems with an Integrated Business Planning platform.
Supplychain planning in emerging markets is different. And while each market can be unique, we found a few repeating themes in our own experience and from sources including Gartner and our customers Procter and Gamble (P&G) and Cipla Medpro. Here’s what we found: 1. fast food or retail) are rapidly expanding.
The value of blockchain and supplychain Analytics is Undisputed, and the capabilities of blockchain Technology are starting to become available two small and midsize businesses, as well as large corporations, such as Walmart. Supplychain managers that have access to information to make informed decisions and improve productivity.
Subscribe to SupplyChain Game Changer. 10 Vital SupplyChain Lessons from the Coronavirus Pandemic! Companies rely on supplychain management to reduce costs and increase their production cycle. These developments, combined with the US-China trade war, found the supplychains experiencing unique hurdles.
A Three Part Article Series from QAD DynaSys – Greatest challenges to your supplychain. Read Part One 10 COVID-19 Lessons for the Resilient SupplyChain if you missed it. . Robert Drew presents you with 6 Takeaways for Future SupplyChain crisis to overcome challenges of your SupplyChain.
I’m fairly conservative when it comes to banking (for example, I’m still not comfortable “depositing” checks using my smartphone ), so using a new digital currency, or “fake money” as my wife calls it, to buy stuff isn’t something that appeals to me, especially since bitcoin’s developer remains a mystery. Source: [link].
Almost everyone knows global supplychains have experienced challenges over the past year. When it comes to global supplychains, there are a lot more than two activities that must take place in harmony if things are going to proceed as planned. He writes, “Supplychain synchronization is key to a digital future.”[1].
Cost and efficienc y Integration with non-SAP data sources typically requires significant customization; as supplychains become increasingly complex and interconnected, a one-data-source integration approach could undermine the solution’s long-term value.
We just finished hosting over 150 executives at our SupplyChain Resource Cooperative, with a theme on SupplyChain Analytics. As 2013 comes to a close, here are some of my thoughts regarding the supplychain trends we are likely to see emerge in 2014. Not surprisingly, analytics is at the top of the list.
To ensure long-term growth and protect customer loyalty, businesses need to strive for the automation of supplychain planning. Success in this area requires the ability to fulfill market demand through dynamic sourcing, flexible production and manufacturing plans, low distribution costs, and short lead times.
by Mike McAllister It sounds ominous, but it’s a brave new tariff-driven trade world out there – a reality senior executives whose organizations operate global supplychains are coming to grips with. So what’s the answer? That’s what Ventana Research provides in a white paper titled, ‘ Winning in the New Era of Trade ’.
Globalisation means that our supplychains are more entwined and complex than ever. Disruptions in the supplychain. Check whether it’s possible to source these products from alternate suppliers — potentially from different countries — who are not affected by the issue. Mitigate the Risks.
Supplychain professionals are certainly acquainted with risks and risk-taking; however, their principal concern is managing risks. ” However, not everyone appreciates the risks an organization’s supplychain faces. SupplyChain Risks Internal Risks • Production Control Risks.
Blockchain technology is revolutionizing the way businesses manage their supplychains. By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supplychain can help increase efficiency, reduce costs, and improve trust between suppliers and customers.
It was back in January 2015, after reading an article in the Wall Street Journal about bitcoin, that my eyes were opened to the potential for blockchain technology to transform supplychain management. As I wrote at the time in Bitcoin: A New SupplyChain Operating System?
Technology’s place in supplychain operations is well established and much appreciated, as it helps improve accuracy, visibility, and efficiency from orders coming in and shipments moving out. Lastly, this single source of truth for all parties positively impacts customer relationships. But can technology do more?
The topic of supplychain resilience sprouted in the media and professional journals as a result of the coronavirus pandemic. The pandemic has certainly tested those supplychain characteristics. You can’t make your supplychain more resilient if don’t know where points of pain and vulnerability exist.
This is typically when I order a tequila in frustration and my mind goes into overdrive asking the basic question: What are the risks in their supplychain? . Is it possible these things have impacted the sourcing, manufacturing, and delivery of my cologne? Is the foreign country’s currency stable?
Learn how to organize your data operations in alignment with supplychain strategy. Forward-thinking supplychain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. Finding Transformative Opportunities in the SupplyChain.
Blockchain technology could help introduce higher levels of security to and confidence in supplychain transactions. When many people hear the word blockchain, they immediately think about bitcoin and crypto-currencies, conjuring up images of hackers and black markets. Serializing the SupplyChain Block-by-Immutable-Block.
The Green Corridor: Resilience from Diversification by Timothy Foote, Founder of Susymbio Access to Sustainable Power is the Challenge of Our Time, but when clean power sources are diversified it promises more stability for our future. The government simply ran out of foreign currency to buy imported fuel.
Subscribe to SupplyChain Game Changer. Outsourcing Sourcing! Expanding your SupplyChain into international territories comes with complex challenges that many businesses are not prepared for. One of the most prominent challenges of opening up international supplychains is the risk involved with foreign entities.
The i-parcel platform supports merchant’s websites with a local language welcome mat, fraud protection, fully-landed total prices (including customs duties and taxes) in local currency and numerous value enhancing features. Source: Pitney Bowes (click to enlarge). Source: Amazon.com (click to enlarge).
With new products constantly entering the markets and increased availability of international trading, supplychains are now more complex than ever before. Functional supplychains are essential for businesses to succeed, so stakeholders prioritize ensuring their stability. What Are SupplyChain Risks?
Subscribe to SupplyChain Game Changer. In contrast, fiat currencies are issued by a central bank (e.g., In contrast, fiat currencies are issued by a central bank (e.g., It is also an open-source system that allows anyone and everyone to take part in or contribute to its development process. Subscribe Here!
If you’ve ever tried to buy a new car during the chip shortage or waited months for furniture delivery, you’ve experienced firsthand what happens when supplychains break down. Supplychain resilience is your business’s ability to bounce back when things go wrongand in today’s world, things will go wrong.
I read a lot of articles about the need for supplychain transformation. Dan Gilmore, editor-in-chief of SupplyChain Digest , asserts supplychain transformation is only beginning to catch the attention of many CEOs. Full visibility the length of the supplychain. What is the end game?
Introduction The accurate analysis and calculation of total landed costs is imperative for organizations with global supplychain operations. Rather than view supplychain operations as a series of discrete business functions, it must be viewed in its entirety with the goal of reducing total landed costs.
Having the complete source-to-pay journey within the Ivalua Platform will help our customers build stronger, reliable supplier relationships”, said David Khuat-Duy, Founder and CEO of Ivalua. The high-level benefit of embedding the TransferMate payment solution within the Ivalua Source to Pay journey is that supplychains can become stronger.
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