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This includes digital supplychaintransformation and Enterprise Resource Planning (ERP) upgrades. We find that companies with an analytics center of excellence drove progress faster than those with a supplychain center of excellence. The operating strategy defines the flows of the supplychain.
Or agreement on the definition of supplychainexcellence. Sometimes, even the definition of a supplychain is not clear. As a result, functional excellence anchors action. The focus is on digitization—automating today’s processes—versus rethinking process excellence based on the art of the possible.
Hosting this webinar series is one of the favorite parts of my job as the Founder of SupplyChain Insights. They each lag in their understanding of supplychainexcellence, and are now struggling to build effective supplychain teams. I think both factors are at play. Angel Mendez at Cisco.
It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. The supplychain is a complex, non-linear system. The belief of “best practices” as defined by historic supplychain processes is not supported by the balance sheet analysis.
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.” At SupplyChain Insights , this is our passion.
With so much being written and discussed about supplychaintransformation, it’s good to remind ourselves what supplychain management is fundamentally about. Lora Cecere ( @lcecere ), Founder and CEO of SupplyChain Insights, bluntly states, “The best supplychains are fit for function.”[1]
I read a lot of articles about the need for supplychaintransformation. Dan Gilmore, editor-in-chief of SupplyChain Digest , asserts supplychaintransformation is only beginning to catch the attention of many CEOs. Supplychain processes driven by real-time consumer demand, not forecasts.
This requires the mapping and rethinking of supplychain processes. The digital supplychaintransformation requires rethinking the basics. Historically, supplychain processes were functional focused on make, source and deliver. Digital path to purchase? Cross-Functional and Horizontal.
Peggy was a speaker at the SupplyChain Global Summit. AGCO was honored to receive the AME 2017 Excellence Award. AGCO envisioned employing a 3×3 training metrics: every operation would have 3 people able to execute it, and every person would be able to do 3 operations. Today, I got a quick email from Peggy Gulick.
When I first met Nick, he was driving a supplychaintransformation at VTech Communications. I followed his journey during the period of 2006-2011, and wanted to check in with him to gain his insights on the selection of VTech as a finalist in the SupplyChains to Admire research. Let me give you a simple example.
The visibility will include not just the short-term purchase order or ASN-level visibility, but also the tactical kind of forecast collaboration with the suppliers. If the organization is used to doing certain things in Excel, just automating the same process will not be sufficient.
Arthur Valdez, Executive Vice President and Chief SupplyChain and Logistics Officer at Target, spoke about the mega-retailer’s supplychaintransformation at the Council of SupplyChain Management Professionals ( CSCMP ) online forum in September. A buyer now “purchases for one business.”
SupplyChain Matters provides the second in a multi-part series addressing the renewed importance of production planning and operational excellence in this very uncertain and constantly changing business environment.
Many analysts believe, however, that time for caution has passed when it comes to digital supplychaintransformation. Nevertheless, “wait and see” seems to be the position of many supplychain professionals. ” Those are excellent questions to consider before making investments in any technology.
As part of our Expert Insights series, SupplyChain Nation sat down with Rich Sherman, a leading supplychain industry consultant and analyst to discuss his book, SupplyChainTransformation: Practical Roadmap for Best Practice Results.
It is hard because academic programs are out of step with the market, and that the consortia programs of CSCMP and APICS, while driving functional improvements, are not equal to the task of giving us the building blocks to drive a digital transformation. Barrier #5: The Efficient SupplyChain. Barrier #1. Inside-out Thinking.
. “Supplychain resiliency is best supported by a clearly defined risk mitigation governance structure that is aligned to the strategy of the organization. Establishing protocols, metrics, organizational owners, and related processes can empower organizations to respond more effectively when faced with a crisis.”
It is critical for procurement to adopt the latest technology that enables the team to visualize purchasing spend,” said one. The combination of accurate data and a digital procurement system enables the leveraging of that data for purchasing indirect materials,” Hilton continued.
Poor change management is a key reason why teams ultimately stick with tools that they already know and trust, like Excel. It’s also one of the hardest parts of a transformation. It’s easy to execute a small pilot project, but companies often get stuck when it comes to gaining buy-in and approval for a full rollout.
Our look at the Top 25 (plus 4) SupplyChains of 2018 examines how the best companies in the world excel at managing their global supplychains. One of the most popular articles we’ve ever done is our look at analyst group Gartner’s annual ranking of the Top 25 SupplyChains. Printer-friendly version.
As a part of the supplychain, procurement entails discovery, supplier selection, contract negotiation, and purchasing. Key Steps in Procurement Since the procurement lifecycle or buying cycle isn't a one-step action, it is a continuous process — steps differ from organization to organization. Keep records.
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