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The Connected SupplyChain. Drip Digital SupplyChain. Autonomous SupplyChain Planning. Self-Healing SupplyChains. Touchless SupplyChains. Small companies outperform large companies, and the marquee customers of major supplychain planning technology providers underperform.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
Once upon a time, the world of manufacturing was a relatively stable place. But then, supplychain disruption became the rule instead of the exception, consumers changed their tastes as often as their socks, and global competition started playing hardball. So how does a manufacturer navigate this rollercoaster?
Supplychain excellence is easier to say than to explain. Executive teams strive to drive improvement in supplychain results; yet, sadly, only four percent of public companies succeed. The supplychain is a complex non-linear system. Now, I view the company as a supplychain laggard.
At the time, I was a junior Gartner analyst. This landed me in front of the Vendor Review Board at Gartner to defend my research. <This It was funded by 50 large consumer products manufacturing companies (CPG). In the dawn of e-commerce, conservative manufacturers, anteed up $240 million in four months.
Is Apple SupplyChain Really the No. Surprisingly, IT research firm Gartner ranks Apple SupplyChain as the best supplychain in the world for 4 years in a row. But, is Apples SupplyChain really the number 1? 1) Apples SupplyChain Model. SupplyChain Model of Apple Inc.
As I mentioned in my previous post, Sales Dashboards – 16 Metrics for Manufacturers , a strategy for measuring business performance should also incorporate metrics that focus on the supplychain and other operational areas of the enterprise. You can refine as you go! You can refine as you go!
Today, we published The SupplyChains to Admire for 2023. Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. I admit it.
As a guest writer for Forbes, public relations firms constantly pepper me with requests to speak to technologists boasting of having answers to improve supplychain resilience. I strongly believe that historical supplychain practices are not the answer. They need to evolve to help today’s supplychain business leader.
More and more businesses are hopping on the outsourcing bus and letting the experts take the wheel to drive supplychain planning processes. Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supplychain planning (SCP). Driven by improvements in performance and cost.
Supplychain management books that are praised by supplychain executives, consultants and supplychain management professionals at all levels. Background In dynamic supplychain management environment, people have to make the quick and decisive actions against various issues.
I have worked for Gartner Group, AMR Research, Altimeter Group and now my own company, SupplyChain Insights. I have now been an industry analyst in the supplychain management space for ten years. This month, I am proud that the SupplyChain Insights team will announce the SupplyChain Index.
Gartner measures supplychain analytics maturity across seven different dimensions. There are supplychain and demand analytics models that describe the type of analytics being deployed (e.g., The key, Gartner says, is that each of the seven dimensions is interconnected. descriptive, prescriptive, etc.).
When Gartnerpurchased AMR Research in December 2009, the methodology became the GartnerSupplyChain Top 25. However, when Gartner bought AMR Research, and I left in the transition(because I don’t believe in the Gartner methodology), I launched a new methodology named the SupplyChains to Admire.
Source Merriam-Webster Dictionary. Or will companies stumble on the path by mistakenly implementing supply-centric processes and calling them demand-driven initiatives? As a writer of research on demand-driven supplychains for over eight years, I find many amusing. Supplychain leaders feel stuck.
My long-term blog readers may remember that two years ago, when I left AMR Research after the acquisition by Gartner Group, that I became more serious about my health. I see a lot of parallels in the training that I did for the triathlon, and the work that I am doing on financial ratios with Abby Mayer on my team at SupplyChain Insights.
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.
Wait, it’s not spring; but does that mean you have to wait another eight months to review your supplychain? Often, it becomes necessary to reevaluate how supplychain performance is measured to ensure healthy operations. Ask yourself, “Are your supplychainmetrics bogging you down?”
In the last six months, in my travels, I have presented to supplychain teams in China, Belgium, France, Germany, Peru, Mexico, Netherlands, South Africa, Singapore, and the United Kingdom. I strongly feel that if I am going to cover the global supplychain that I need to experience it. A Personal Reflection.
Supplychain practitioners know trends like product line proliferation, shorter product life cycles, increased complexity, massive amounts of data and ever more demanding and unpredictable customers are accelerating. When social media product promotions overwhelm supplychains. retail stores.
Gartnerpurchased the firm in 2010.) Driving Improvements in SupplyChain Excellence. He felt strongly that supplychain leaders knew how to drive supplychain excellence and needed a forum– or maybe two or three depending on the business model– to help them network and refine their approaches.
To deal with the new challenges in managing and planning the supplychain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Resiliency. Risk management.
The model in Figure 1 became the foundational model for the Gartner S&OP model. Notice how the water turns from blue to brown in Figure 3 with the lack of demand translation capabilities within the enterprise for manufacturing and logistics. Tight coupling of the supplychain forecast to the financial forecast will improve value.
Rising costs, supplychain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.
More and more businesses are hopping on the outsourcing bus and letting the experts take the wheel to drive supplychain planning processes. Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supplychain planning (SCP). Driven by improvements in performance and cost.
Today and in the posts that follow, I want to discuss the technology transformation that many supplychains are undergoing, and discuss how these changes can help the wider organization move from “good” to “great” Enterprises today face a conundrum in the optimization of their supply network performance.
The second part of Drucker’s quote, “if you can't measure it, you can't improve it,” really brings home the importance of having the right set of metrics. In the field of supplychain management, we have created an abundance of metrics and key performance indicators (KPIs). Accessibility.
This thing called research in the supplychain market has many arms and legs. I struggle to find a good supplychain academic journal, and often speak to my academic network about the need for one. This research, released in 2005, gives a compelling view of a metrics hierarchy. In Search of Truth. What is research?
Manufacturing has been the lifeblood of the global economy for hundreds of years. Because manufacturers have historically moved factories to regions featuring cheap labor and few regulatory restrictions (sometimes referred to as outsourcing or offshoring), a misconception has arisen about the importance manufacturing to national economies.
In my work with SupplyChain Insights , I immerse myself in learning. I continually question my long-held beliefs on supplychain excellence. . When readers finish a SupplyChain Shaman blog, I want to drive a set of unique takeaways. Benchmarking is not Benchmarking. Let’s start with a definition.
In the supplychain, the questions do not change; but the answers do. Quote from a SupplyChain Leader at a Conference in Europe. Yesterday, Peter Bolstorff, Executive Director, APICS SupplyChain Council, called to discuss the use of the SupplyChain Index by APICS to measure supplychain improvement.
The power of Integrated Business Planning (IBP) comes in helping companies align financial, sales, production, procurement and marketing information into a single plan, grounded in modern-day reality. If so, then pronouncements from the War Room will be ‘virtually vetted,’ and not the result of panic or guesswork.
One of the SupplyChain Management trends apparent at the GartnerSupplyChain Executive Conference in May was highlighted by several vendor/customer presentations focused on the value of Collaboration and Visibility projects. A high-tech contract manufacturer was growing rapidly through acquisition.
It’s getting harder for product manufacturers to compete successfully in today’s global economy. GETTING OUT OF THE PRODUCT DEVELOPMENT RUT Whether it’s due to insufficient budgets, lack of resources, or limited performance metrics—some organizations surrender to the old way of doing things. Design for manufacturability (DFM) issues.
What is the food supplychain? The food supplychain refers to the process of preparing a food product from start to finish: sourcing the raw materials and taking the food through a manufacturing process, through to the final packaging of the product, the sale to the customer and the final delivery.
Supplychain professionals understand that. As Lora Cecere , founder of SupplyChain Insights, has insisted for a long time, “The supplychain IS Business, not a department within a business.”[2] 2] So, what lies ahead for supplychains in 2024? Freelance writer Bridget McCrea thinks so.
Analysts at Gartner predict circular economies will replace today’s wasteful linear economies over the next decade or so. In order for that to happen, both supplychains and consumer habits must significantly change. It is important not to confuse those metrics with the circular economy. ”[2].
SupplyChain Operating Networks: The building of supplychain applications using many-to-many architectures to connect multiple parties to multiple trading partners to improve multi-tier supplychain visibility, planning and execution to improve relationships in extended value chains. .
“By the end of 2020,” asserts the editorial staff at Material Handling & Logistics (MH&L), “one-third of all manufacturingsupplychains will be using analytics-driven cognitive capabilities, thus increasing cost efficiency by 10% and service performance by 5%.”[1] What does that mean?
As I noted in Part 1 of this article, analysts at Gartner predict circular economies will replace today’s wasteful linear economies over the next decade or so. In order for that to happen, both supplychains and consumer habits must significantly change. ”[2]. ”[3] It’s an important question.
It is dependent on supplychain planning’s ability to execute on the plan. The supplychain planning teams needs to think beyond current processes and functions to incorporate emerging technologies and concepts to offer more choice, which requires them to be nimbler and forward looking. The analogy is pruning a garden.
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.
by Melissa Clow This guest post comes to us from Argentus SupplyChain Recruiting , a boutique recruitment firm specializing in SupplyChain Management. Today, we’re bringing your our follow-up to our interview with SupplyChain guru and advisor to Chief SupplyChain Officers Michael Massetti.
Sustainability remains core pillar of revenue, risk management and procurement performance. For supplychain leaders, few accolades offer more insight into the state of the industry than Gartner’sSupplyChain Top 25. Last year, Gartner added corporate social responsibility (CSR) for the first time.
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