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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.
With the introduction of digital supplychains, the industry is moving into an era arguably on par with the industrial revolution. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” But how do you get there before the competition?
By Ian Benson (pictured) Content Writer The post Key Cybersecurity Concepts That Every Digital Currency User Should Know appeared first on IT SupplyChain.
Lawrence (pictured) Content Writer The post Balancing Privacy and Security in Digital Currency Transactions appeared first on IT SupplyChain. By Dwight J.
By Mike Bronson (pictured) Content Writer The post Smart Contracts & Blockchain: Enhancing Transparency & Efficiency with Digital Currency Platforms appeared first on IT SupplyChain.
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.
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.
Subscribe to SupplyChain Game Changer. Electronic advancements give individuals a wide range of ways to make money , including systems using digital currency. They predict that cryptocurrency transactions will entirely replace national currency. The same holds when discussing the drive for digital currencies.
Subscribe to SupplyChain Game Changer. Other names include cybercast, virtual currencies, and financial technology. While discussing the objectives of digital currency, we also need to read online which countries have successfully positioned cryptocurrencies. Knowledge of the objectives of digital currency.
Subscribe to SupplyChain Game Changer. Bitcoin gold or fiat currency article and permission to publish here provided by Jean Nichols. These are digitally transferred with a currency acting as a finger swipe. Defining the Currency value. Subscribe Here! Email Address. Great Guidelines for Trading the Gold Market.
Lawrence (pictured) Content Writer The post How Digital Currency is Influencing the Online Poker Industry appeared first on IT SupplyChain. By Dwight J.
Supplychain reports offer a comprehensive view of your entire supplychain operation. What are SupplyChain Reports? Moreover, i dentifying and mitigating potential risks associated with supplier performance, such as disruptions to the supplychain or quality issues.
Is The SupplyChain Out of Rhythm? On a supplychain blog? As I struggle to build musicality, I think about the rhythms and cycles of the supplychain. In all cases, with my clients, I find the internal supplychain is out of step—lacking musicality with either the channel or the supplier base.
By Richard Pearson (pictured) Content Writer The post The Role Of Currency Exchange in Expanding Your Global Business appeared first on IT SupplyChain.
Subscribe to SupplyChain Game Changer. As central banks and nations investigate how users may present encrypted currency together, or perhaps as a substitute for fiat money , demand for them has considerably surged significantly. Are digital currencies the shape of things to come? Digital currency used by central banks.
The post What the crypto industry needs to do to be a more secure & viable alternative to fiat currency appeared first on IT SupplyChain. By Daniel Mcloughlin (pictured). Field CTO at OneSpan.
Now’s the time for businesses to look back at the strain that rising inflation put on their supplychains and inventory management. Protecting your bottom line starts with a better understanding of the ways inflation affects supplychain management. Is Your SupplyChain Inflation-Proof?
Here is a brief primer on the technology and potential use cases in supplychain and logistics. The game changer here for supplychain and logistics (and many other industries) is that blockchains are: a. These tokens can then be converted to their currency of choice once rewarded. What is a Blockchain?
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.
billion and was up 29 percent at constant currencies. billion and up 40 percent at constant currencies. billion in Cloud revenues at constant currencies (2024: 17.14 billion), up 26 percent to 28 percent at constant currencies. billion Cloud and Software revenues at constant currencies (2024: 29.83 Between 33.1
Managing the supplychain of such a global enterprise is challenging. This is an example of a classic supplychain problem, which was affecting Ampacet from both the supplier and provider sides of their business. The company spans the globe with 12 manufacturing sites on four continents. Our CEO is an enthusiastic user.
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.
Supplychain planning in emerging markets is different. Now supplychain professionals have another different set of challenges on how to get product to the entire country where consumer-oriented outlets (i.e. Here’s what we found: 1. fast food or retail) are rapidly expanding. Transfer taxes.
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.
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].
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. But can technology do more? He has experience in strategic planning, improving operational efficiency, team building, and project management.
When I ask executives to draw their supplychains today (an activity that I love to do to understand their mental models), companies will often draw a dead pool around S&OP. In 1992, I worked for a supplychain planning technology provider, and the role of the forecast was clearer. Lack of Clarity.
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.
” He replied, “You probably don’t know much about supplychain, but I am leading a supplychain team for a company that sells tools to Home Depot. ” I smiled, and responded, “I know a little about supplychain. How are things going for you? I know it is a tough environment.”
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.
To ensure long-term growth and protect customer loyalty, businesses need to strive for the automation of supplychain planning. Supply optimization solutions enable planners to consider all constraints, costs, and capacities across the supplychain network and weigh them against current business goals.
With economic conditions tightening product companies worldwide are focusing afresh on efficiencies and cost savings in their supplychains. For our latest SupplyChain Roundtable we asked four leading experts for advice on crafting a recession-ready supplychain strategy. And it’s costing you!”
Subscribe to SupplyChain Game Changer. Is Bitcoin or Ethereum Digital Currency Right for You? Virtual currency does not exist in a physical form like paper, cheques, or coins. Transactions become increasingly virtual as tech becomes more prevalent, reducing the need for actual currency. Subscribe Here!
Subscribe to SupplyChain Game Changer. However, something unexpected has happened after the emergence of DeFi, as the financial sector has become more robust, and people are ready to switch to decentralized finance by avoiding the use of traditional systems meant for fiat currency. Subscribe Here! Email Address.
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.
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., Finally, it is advantageous because people can use their currency without limitations. Subscribe Here! Email Address. 21 million). 21 million).
This concept has gained a lot of currency recently, but it is actually not new. Click to learn more about leveraging your order-line data to improve supplychain planning, demand forecasting, and inventory optimization and start your digital transformation. One decades-old example was TV Guide. But not necessarily.
LogiPharma 2019 featured a strong lineup of speakers and life sciences supplychain industry experts who delivered valuable and relevant content, spurring attendees to participate with passion while host (and former Premiership Rugby match official) David Kurk injected a good dose of energy and humor to keep things moving.
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 ’.
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