This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Malcolm McLean, a trucker from NorthCarolina, was tired of waiting. He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supplychains. The myth of the “perfect plan”. The myth of the “perfect plan”.
In a survey of 150 global manufacturing executives, 47% committed to improving supplychain visibility and tracking. According to the Global SupplyChain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. What is supplychain visibility?
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supplychain leaders to reconsider supplychain inventory practices. Because switching from JIT to JIC is at best only a tool to address short-term problems and risk. Why tell this story?
The future of supplychain I foresee brings new risks and challenges, along with recognition that doing things the same way will no longer lead to the same success. Just as the saguaro is both nursed by and supports life in its ecosystem, it behooves supplychains to invest in their ecosystems, both suppliers and employees.
For supplychains to get more use from their models, we need to “trust the box;” recognize that models are not the holy grail; and remember that a forecast is an input into making better decisions, not an end in and of itself. Select software that incorporates these features. So why don’t planners “trust the box?”
GEP and the NorthCarolina State University (NCSU) SupplyChain Resource Cooperative surveyed supplychain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supplychain resilience and optimization.
We salute the year’s top advancements in supplychaintechnology and processes. Thanks to omni-channel distribution, 3-D printing, self-service logistics and other avenues of disintermediation, traditional supplychain roles are rapidly being transformed into all-new opportunities. Warehouse Automation.
Author’s Note: Below is an excerpt from Moving Up the SupplyChain Maturity Curve: The Process Industry Executive Agenda for 2016 and Beyond , a white paper recently published by Elemica with research conducted by Adelante SCM. When it comes to supplychain management, however, many companies are far from achieving that swing.
Successfully rolling out a supplychain management system can be an extraordinarily complex and stressful project – not to mention expensive. In this guide to implementing supplychain management systems: What is a supplychain management system? Why implement a supplychain management system?
NC State’s SupplyChain Resource Cooperative has played an important role in the development of these ratings, since the early days of its development. Based on several iterations of discussions, reviews of metrics, and benchmarking, the team settled on a system for assessing two important indications of supplychain performance.
Gain Competitive Advantage by Understanding the Economic Aspects of SupplyChainsSupplychains play a crucial role in driving economic growth and prosperity. According to the Council of SupplyChain Management Professionals (CSCMP) the cost of U.S. All these help mitigate disruptions to supplychains.
Supply disruption risk has risen as one of the top challenges for supplychain managers. This has resulted in increased activity for firms that monitor supplychain riskssuch as Resilinc , Risk Metrics , and Everstream Analytics. We had a total of about 60 people in the end.
As I highlighted in my supplychain and logistics predictions for 2013 , tablets and smartphones are quickly becoming the preferred computing platform for business professionals, which is why technology providers are designing and optimizing their applications for these devices.
At the Coupa INSPIRE procurement conference in San Francisco this week, the Chief Procurement Officer of Coca Cola Consolidated, Patrick Hopkins, shared his views on the “4 Truths of Procurement”, and how he has operationalized his views through the deployment of Coupa procure to pay software. Users find what they need.
Recent findings from NorthCarolina State University indicate that in most companies, Excel is still the go-to analytics tool and each employee spends 2.5 In addition, the majority of executives are taking a “wait and see” approach to adopting advanced technologies into their workflow.
In a prior post on 2018 supplychain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. And everyone I know has issues and challenges with their supplychains! MUFG Union Bank Strategic Performance Metrics.
In the innovation category, metrics related to spending management, category management, strategic sourcing and supplier relationship management. In the social responsibility category, metrics related to supplychain policies, practices and results, including audits and lawsuits, with respect to human relations and the environment.
Software: 3PL providers invest in the latest warehousing and logistics technology so you don’t have to. Additionally, 3PL providers have experience in dealing with a variety of supplychain disruptions, such as natural disasters and labor disputes. Each metric must also have a goal which denotes success (e.g.,
Food products require special care and handling across the entire supplychain. Lot numbers are managed by a 3PL’s warehouse management system – a sophisticated software system that effectively runs all key warehousing operations. Shopify, Magento and Amazon) Custom reporting of the metrics important to your business 4.
And like last year, the ratings put forth by the SupplyChain Resource Cooperative remain an instrumental component of the ratings, and are the only two major indicators used in the rankings for assessing the strength and maturity of the company ratings as it relates to its supplychain performance. Dell Technologies.
Despite having navigated tense contractor conflicts in 2022, 2023 and its volume shortage are sure to bring new challenges to the parcel delivery giant, as SupplyChain Dive reports: “ …the company has shifted into a cost-cutting mode to shield itself from macroeconomic pressures as it waits for volumes to recover. ”.
From there, you’ll need to staff it, pay for the equipment, the warehouse management system and other technologies. When you contract with a 3PL for warehousing and distribution, you’re entrusting key components of your supplychain to an expert that can perform these services at a high level. The dedicated 3PL model.
A small group of executives enjoyed a particularly interesting set of insights yesterday at our first SupplyChain Resource Cooperative meeting since December, 2019. However, he also pointed out that automation is not likely anytime soon – as I’ve pointed out in previous blogs , the technology is simply not safe yet.
The following is a guest blog from Craig Lukasik , one of my former MBA students from the Poole College of Management’s supplychain program. SupplyChainMetrics!?!? – Why should managers who work outside of “SupplyChain” care about this study? Thanks Craig!
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content