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(The planning team was defending the status quo without questioning current practices and how to improve them.) The question was, “How can I redefine demandplanning processes to use channel data?” Their question was, “Why were consumer products companies not using retail data to drive demand processes?”
Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation.
While the terminology evolved, the underlying thesis of S&OP has stayed the same, i.e., bridge the divide between sales forecasts and operational plans while respecting the budget. Then the process was put to test in recent times, as increasing demand and supply side shocks caught companies flatfooted.
ARC Advisory Group has been covering the Supply Chain Planning ( SCP ) market for 17 years. The pandemic brought home the need for companies to run agile and resilient supply chains. Supply chain agility reflects a company’s ability to respond quickly to surges or plummeting demand.
Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for everyday products. Prepare your team to navigate seasonal peaks and meet specialized delivery expectations without missing a beat.
For retail and consumer packaged goods (CPG) companies, the busy shipping season came early. But shippers looking to avoid disruptions and ensure that tight inventory levels don’t lead to missed sales opportunities pulled their orders forward. The peak inbound season typically starts around this time of year.
Autonomous supply chains are systems that can operate with little to no human intervention, and they use artificial intelligence, robotics, automation, and sensors to optimize the flow of goods. The key technologies that enable autonomous supply chains are artificial intelligence (AI), robotics, sensors, and blockchain.
It has led supply chain vendors to discuss how they currently use artificial intelligence. Further, virtually every supplier of supply chain solutions is eager to explain the ongoing investments they are making in artificial intelligence. AI is not a new technology in the supply chain realm; it has been used in some cases for decades.
I seethed as the news stations celebrated supply chain success for the December holidays. Global shipping is national news with most stories covering the symptoms. The health of the supply chain underpins our economy. When the supply chain is sick, all industries suffer. As I watched, I shook my head. I am worried.
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
As we plan for the world of eCommerce and the customer expectation of quick, free shipping, our ability to forecast is turned on its head. Can we use historical data to plan for demand and design our networks, or is there a better way? How to gain end-to-end visibility into any causes of delay in your global supply chain.
Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Background The Council of Supply Chain Resilience met for the first time this month. Let’s start the beginning. What is supply chain resilience?
When I started my business in 2012, I frequently wrote about the future using the moniker of Supply Chain 2020. We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade. At that time, Supply Chain 2020 seemed so far away. I was wrong.
Supply chain management has been in the news. But the intricacies of supply chain management are beyond the grasp of most. One key solution used to help manage complex supply chains is supply chain planning (SCP). Supply chain planning is a complex solution. Only the next month’s plan firm.
But then, supply chain disruption became the rule instead of the exception, consumers changed their tastes as often as their socks, and global competition started playing hardball. Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy.
You’ve seen the Suez Canal memes, you know furniture is taking way longer than usual to get to your door, and you may have even heard about Pelotons shipped by air to reduce delivery times. While the cure for COVID is well on its way, there is no vaccine for what’s afflicting container shipping. And it’s not just ocean freight.
When the pandemic started in 2020, no one could foresee the impacts of the global supply chain disturbances would last this long. Now the new norm is constant change, and agility is the name of the game when it comes to supply chain planning. Critical inventory disruptions/deficiency anywhere in the supply chain.
Some of the world’s biggest retailers and their partners are once again feeling the sting of “ the bullwhip effect ” – a term of art amongst supply chain professionals that describes how changes in demand at the retail level can reverberate and amplify issues throughout the supply chain. Complete visibility into inventory.
Many large enterprises use one form or another of a supply chain application to help manage their supply chains. Supply chain vendors have been touting their investments in artificial intelligence (AI) for the last several years. Lead times, for example, are a critical form of master data for planning purposes.
Demand for e-commerce and omnichannel fulfillment continues to grow. Multi-carrier parcel shipping technology empowers fulfillment teams. Multi-carrier parcel shipping technology gives merchants the functionality they need to roll out these offerings and better serve customers. According to Digital Commerce 360 , U.S.
Waves of hype pass through supply chain narratives. and digital supply chains. and digital supply chains. I could write a blog about each story, but let’s save that for coffee.) (I could write a blog about each story, but let’s save that for coffee.) Thought leaders push concepts.
Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Inventories in the chemical industry are at record lows: a forerunner of bad days ahead.
The global supply chain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. Regulations may be more of a driver in the future.
As we head into the holiday season, supply delays, logistics constraints and inflation are looming over shoppers and retailers—and the manufacturers and distributors who keep them in supply. The 2021 supply chain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues.
Weisenberger is leading their digitally enabled shipping initiative, she works in distribution operations rather than transportation. This consumer goods behemoth has driven ongoing supply chain productivity through their FORCE (Focused On Reducing Costs Everywhere) program. What made Ms. This program has generated savings of $3.5
Amongst the issues faced by both businesses and consumers in 2021, supply chain shortages – and the resulting challenges – held strong in the headlines throughout the year. Five Lessons Learned Overcoming 2021’sSupply Chain Challenges. Five Lessons Learned Overcoming 2021’sSupply Chain Challenges.
The layers of the outside-in process surround the traditional supply chain planning applications shown in blue. Outside-in Planning Taxonomy 2. It might seem unlikely, but the American Red Cross is a leader in defining a market-driven supply chain using outside-in signals. Who does it best? Is it more of a steak market?
These questions are top of mind as I wrap up a class of 154 individuals learning the principles of outside-in supply chain planning processes. The continuation of the belief in the definition of today’ssupply chain planning is a tangled web that we weave that is a bit of a mess. Is the plan feasible?
Lizet Tymon, the senior supply chain management director at Jabil. Lizet Tymon, the senior supply chain management director at Jabil, has an interesting story to tell about how she advanced from being one of hundreds of managers at Jabil to being a senior director at this Fortune 500 company. Jabil is a big company.
Companies implementing supply chain planning (SCP) have traditionally been very big companies or companies with complex supply chains. Supply chain planning is not just for the big boys. In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain.
Brian Amend, Senior Director of Supply Chain Systems at Walgreens. Mr. Amend is the senior director of supply chain systems at Walgreens. We discontinued it because demand for the service was not there.” Blue Yonder is a leading supplier of supply chain and retail software solutions. Then COVID hit,” Brian Amend said.
Walmart fines suppliers whose goods arrive late or who have not shipped everything that they committed to ship. If a company short ships TVs, they are fined more than if they short ship soup, for example. That data then gets put into an advanced ship notice for the retailer.
During our conversation, Eddie and I spoke about the changing nature of global supply chains in the face of the ongoing Covid pandemic as well as the continuing surge of e-commerce. First, what is the current state of supply chain technology? And fifth, what are you seeing in terms of supply chain sustainability? Sustainability.
Franklin Sports needed to protect sales in this category by improving their pickleball supply chain. To achieve that, Franklin Sports supply chain needed to be improved significantly. Sporting Goods companies must be able to support dramatic changes in demand and fast-growing new business lines. Jennings’ name.
“When will the impact of the pandemic on the supply chain be over?” ” I expect the resolution of the pandemic’s impact—with the multiplicity of issues and disruption—to take eighteen months to two years to correct. Shippers pushed cost and waste backward in the supply chain. The question is the same.
Thirty-one months of supply chain disruption. The Russian invasion of Ukraine stretches into a much longer war resulting in serious disruptions to the food, automotive, and semi-conductor supply chains. While many old-fashioned supply chain leaders speak of Risk Management and the need for Control Towers. My take away?
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. Unconventional solutions to excess inventory challenges.
Schneider Electric has been working to simplify its supply chain over the last few years. This French public multinational was selected as having the best global supply chain by a leading analyst firm. Schneider Electric’ssupply chain operation is of great interest to other practitioners.
The long and unpredictable peak shipping season continues to challenge supply chains. A 2021 Peak Shipping Season survey conducted by Edelman Intelligence found hiring to be a strong concern among supply chain decision makers with 90% having a strong need to increase hiring to account for peak season and beyond.
Belcorp’s Maturity in Supply Chain Design. Belcorp Corporation has actively worked to be a leader in ensuring that their people can effectively use a complex type of software known as supply chain design. It requires a company to further leverage the supply chain design philosophy. Logistics can be a challenge.
But here, we’ll be talking about supply chain digital twins. A supply chain digital twin is a complete model of your supply chain that allows you to run what-if scenarios and determine the most efficient use of resources for fulfilling demand. Get the insights you need.
In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. Spare parts supply chains, however, come with their own set of complexities, requiring targeted strategies and specialized tools to meet these unique demands effectively.
ARC is getting ready for our Supply Chain Forum on February 16 th and 17 th. End users – supply chain practitioners working for manufacturers, distributors, or retailers – can attend for free. A more granular model means better planning – planning that more fully reflects the constraints that exist in these supply chains.
“When will the impact of the pandemic on the supply chain be over?” ” I expect the resolution of the pandemic’s impact—with the multiplicity of issues and disruption—to take eighteen months to two years to correct. Shippers pushed cost and waste backward in the supply chain. The question is the same.
One day, a product is flying off the shelves, and the next, it’s gathering dust. That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs.
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