Remove Examples Remove Procurement Analytics Remove Supply Chain Risk Management
article thumbnail

Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. Reason #7 Making decisions based on bad data (supply chain data accuracy). Don’t care. Social studies?

article thumbnail

5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

In this blog, we explore the different types of predictive AI models for supply chain risk management. In our second AI blog of the series, Predictive AI vs. Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI.

Modeling 107
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. A pull system is better than a push system.

article thumbnail

This Week in Logistics News (June 23-27, 2014)

Talking Logistics

Another example of the wrinkles in our lives , and how we respond to them. In other news… Supply Chain Risk Management Now a Priority for Most Businesses ( Accenture ). Several reports have been published in recent years underscoring the growing importance of supply chain risk management.

article thumbnail

Supply Chain Risk Management in 2021 and Beyond

Unleashed

What is supply chain risk management? Supply chain risk management is the process of identifying and managing issues within a supply chain. ordinated approach to implementing strategies to manage both daily challenges and unique risks. Evaluate the risk.

article thumbnail

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions.

article thumbnail

Don’t Let Your Warehouses and Buildings Become a Vector for a Cyber Attack 

Logistics Viewpoints

It’s also a great example of how the boundaries between what we traditional think of as “IT” and “OT” cybersecurity are blurring. Many supplier offerings lack an appropriate emphasis on cybersecurity, or they leave cybersecurity up to the end user, as a layer to be put on top of the system that is being purchased.