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The post Editor’s Choice: Why Supply Chain Design Is Not a “One-and-Done” Exercise appeared first on Logistics Viewpoints. The realities of their business and the world required them to run more scenarios and to run them more frequently. To read the full article, click HERE.
The post Regular evaluation of threat models & red-team exercises now common practice appeared first on IT Supply Chain. By Ramsés Gallego (pictured). International CTO, Micro Focus.
We hope it serves as a though-provoking exercise to improve your approach! . Take it today to see how your inventory optimization process scores and benchmark it against peers. You can also opt-in to receive a detailed report with our findings. Responses are aggregated and kept anonymous. .
We hope it serves as a thought-provoking exercise to improve your approach! --> The 15-question assessment takes only 5 minutes to complete. Take it now to see how your S&OE process scores and benchmark it against peers. Responses are aggregated and kept anonymous.
this experience has changed how we dress and exercise. We stopped going to the gyms and favored outdoor activities or at-home exercises. While increasing demand for at-home exercise equipment also expedited the expansion of the online wellness industry. Although we may not go back to those days (hopefully!),
The result is a stalemate of epic proportions, as corporations hit the pause button on their climate-related reporting and sustainability increasingly becomes perceived as a burdensome compliance exercise.” You are leaving profit on the table if you consider sustainability only a reporting exercise and not a driver of innovation.”
Through these collaborative exercises, learners develop essential soft skills such as communication, negotiation, and conflict resolution. Through interactive tutorials and practical exercises, learners can become adept at using software for inventory management, transportation planning, and demand forecasting.
However, the rapid shifts that companies are going through given the aforementioned trends, progressive companies are laying a robust data foundation and enabling a digital twin of the physical supply chain so they can conduct Design exercises on demand with increasing frequency.
We hope it serves as a thought-provoking exercise to improve your approach! --> Take it now to see how your inventory optimization process scores and benchmark it against peers. Responses are aggregated and kept anonymous.
Dramatic shifts are happening too quickly to reserve strategic planning as a traditionally annual exercise. Technologies that automate and accelerate the entire exercise help ensure forecasting and decision-making are flexible, nuanced, and responsive enough to allow the company to move forward rapidly.
Solid online research and structured interviews with potential vendors are a better way to accomplish that initial shortlisting exercise. #5 One of the reasons for this is that filling out an RFI is an exercise in creative writing for most vendors. 5 Blind spots. As noted above, creating an RFI from scratch can take hundreds of hours.
Part 2 in the series explores the “analytical scenario exercise” and how decisions based on certain scenarios heavily impact each aspect of the value chain. in decision-making, the ability to adjust plans quickly—or even to design an entirely new plan—is critical when deadlines are pressing.
To fill the time in the agenda, I developed the River of Demand exercise. So, I asked for a break and reorganized the room to facilitate my first river of demand exercise. He was not in the room, so as I faced the audience, I was forced to think on my feet and design an activity to help them understand the concepts.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
However, with the new generation technologies, it now is practical to keep the data feeds fresh to make the modeling exercises a continuous, ongoing discipline. However, for this to happen, one has to lay the technology foundation to ensure Design exercises can be performed in a repeatable and timely manner.
For example, one modeling exercise determined that the firm was overstocking its fastest-moving items. So order frequency and order size impact demand uncertainty (shown as the vertical blue forecast bars in the image below) which then directly impacts inventory required.
They underwent a thorough Network Optimization exercise to identify the roadmap of transitioning to a hybrid offshore/nearshore model. Structural Changes in Supply Chains: Example: A consumer goods company decides to near-shore its manufacturing operations to reduce transportation costs and improve responsiveness.
While businesses differ in complexity and size, for this exercise we extrapolated based on these $7.5Bn baselines. Both are significant in size (at around $7.5Bn in revenue each) and complex enough to justify between 20-30 distribution centers. When the models are built, running scenarios with these large businesses can be a lot of fun.
Simply put, I admit upfront that my supply chain and logistics predictions below are biased and flawed, but I make them anyway because it’s a fun exercise, and also because I hope it generates some thoughtful conversations and ideas. The Google Robot, Your Future Logistics Worker.
We have seen many roadmaps and associated transformation exercises fail. Access to data to support decision making needs to be at our fingertips, and not require a significant exercise taking days to report. It is critical to ensure that the process evolution can be achieved when creating the roadmap.
Although it’s important to acknowledge that shippers bring varying levels of sophistication to the FTL budgeting process, for many companies it comes down to a bare bone, two-part exercise. First, budget teams do their best to estimate what the volume of loads will be during the upcoming period.
Collaboration and Skill Development: ISP fosters collaboration among process leads and stakeholders by involving cross-functional teams in scenario planning exercises. Automation ensures standardized planning activities, mitigating the risk of knowledge loss due to employee turnover.
The ability of a machine to perform human-like functions such as perceiving, reasoning, learning, interacting with the environment, problem solving and exercising creativity to form plans, make decisions and achieve goals. Artificial intelligence.
This is not a continuous improvement exercise, but a matter of survival as greater unpredictability prevails in our markets, continually taxing resources, and challenging forecast accuracy on both the demand and supply sides.
Care should be exercised though , because the same reasons that have made the technology more accessible should’ve made it more affordable. It’s time for companies to kick their spreadsheet habit. Lower infrastructure costs and advances in cloud computing have made supply chain optimization technology a lot more accessible.
Most end users and owner/operators find this to be an eye-opening exercise, as there are almost always rogue assets and other hitherto unknown assets lurking in OT networks, from insecure commercially available IP cameras to rogue wireless access points.
In addition to physical exercise, the stress-relieving advantages of contemplative exercises like yoga, meditation, and Tai Chi are well documented. Employees that have extensive computer usage must take out a few moments each day to carry out neck and eye exercises. Get Away From Your Desk with a Walk or Meditation.
Hence the drive to move from orchestrated forecasting exercises to continuous planning, or “viewing the supply chain while it’s happening.” For planners, everything boils down to the need to know why (the causal) and the need to know the future (the predictive). Doing this means understanding the big picture and the fine details.
It covers concepts in detail but offers very little in terms of practical exercises, real-world case studies, or detailed models. SCMDOJO offers an abundance of case studies, detailed models, and exercises that simulate the challenges professionals face daily. In comparison, SCMDOJO was designed to fill this gap. Click here!
It covers concepts in detail but offers very little in terms of practical exercises, real-world case studies, or detailed models. SCMDOJO offers an abundance of case studies, detailed models, and exercises that simulate the challenges professionals face daily. In comparison, SCMDOJO was designed to fill this gap. Click here!
We hope it serves as a though-provoking exercise to improve your approach! Take it today to see how your inventory optimization process scores and benchmark it against peers. You can also opt-in to receive a detailed report with our findings. Responses are aggregated and kept anonymous.
Until we have this kind of pervasive visibility, inventory management will continue to be largely an exercise in futility. And what is sitting in the warehouse. And at the cross-dock. And in the rail car. Real-time visibility into “static goods” — wherever they may be — is the foundation for managing through volatility.
Instead of manually entering data at set intervals throughout the month – an after-the-fact exercise prone to errors and omissions – an automated solution captures billable activities correctly in real-time, improving overhead utilization, cost control, and revenue leakage at once.
Decision-making goes from a highly tedious and error-prone exercise to a process that combines computational intelligence with the business knowledge needed to analyze the optimizer’s results. Optimizers can quickly generate planning recommendations , enabling decision-makers to a test a greater number of scenarios and possibilities.
Supply chain design is no longer the ‘create it, set it, and walk away’ exercise that it once was. The acceleration of e-commerce, impact of shortages, and ever-evolving shifts in customer demand and economic realities require a framework that is flexible enough to change under the best of conditions as well as the worst.
The exercise culminated in allowing AI to intelligently run all combinations to provide the best result, while also offering transparency into how the plan was generated, which builds trust in the tool when making changes on the fly. Participants changed variables, such as demand, supply, lead times, sources and service levels.
Real-World Focus: SCMDOJO courses often incorporate real-world case studies, expert interviews, and practical exercises, ensuring that you gain relevant and applicable knowledge. Flexible and Accessible: The platform offers self-paced learning, allowing you to study at your convenience. This flexibility is ideal for busy professionals.
Victoria Ma, digital and innovation lead for North America with Miebach Consulting, explains how the exercise of process mining can help supply chains achieve a new level of agility in responding to orders and unexpected changes in customer demand.
More supply chain companies sharing more real-time data creates richer opportunities for benchmarking, analysis, insights and collaboration to drive business benefits for all parties.
Planning becomes a modelling exercise, not a guessing game. By setting a solid foundation, inventory planning becomes a modeling exercise. Model for what can happen and apply a proper strategy and the chasing game is virtually gone. Can your demand forecasting system answer, “what if?”.
Keep in mind, these scenarios are not static; they continuously adapt and improve over time to enrich decision capabilities and become an integral part of the end-to-end planning process rather than isolated exercises. The role of AI in decision intelligence extends to both optimizing decision-making and enacting those decisions.
An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. Today, organizations are larger, more complex, and the speed of business is faster. Companies want to make better decisions faster.
in Exercise & Wellness from Arizona State University and M.S. Brad brings it all to the table from characterizing Emerge’s brand and culture, presenting Emerge’s value proposition to the industry, and determining pivotal insights to enhance customer experience. Brad’s higher education includes a B.S. About Emerge.
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