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The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
He shared that he worked for a freight forwarder providing supplychain planning services for a major retailer. As a result, the project implemented by KPMG was primarily a technology implementation. As a result, the project implemented by KPMG was primarily a technology implementation. The software was never tested.
” Here is an excerpt from the article: “…it isn’t by becoming more efficient that the supplychains of Wal-Mart, Dell, and Amazon have given those companies an edge over their competitors. According to my research, top-performing supplychains possess three very different qualities. The gap was large.
There has been a lot of news about driverless cars, and at the SupplyChain Insights Global Summit there was also some news about “driverless” supplychain planning when two companies described supplychain planning with almost no human intervention. So what about driverless supplychain planning?
As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supplychain. The Sam’s Club and Costco shortages of water, toilet paper and laundry products signals one thing for me: the spread of the virus will disrupt every supplychain. The problem?
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supplychain leaders to reconsider supplychain inventory practices. Calls are increasing for a return to just-in-case (JIC) policies, with some citing this trend as a risk. Why tell this story?
Institute supplychain governance fueled by data that only a modern platform can offer. When it comes to supplychain sustainability, responsible organizations don’t just talk – they act by creating a governance structure. Governance of your supplychain is not the same as managing it.
How are companies rethinking their liquidity management strategies in response to the recent degradation across major working capital metrics? In the wake of economic uncertainty, many companies have experienced a degradation in key working capital metrics.
Reimagine SupplyChain of the future: There are many facets to imagining SupplyChain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supplychains? Which emerging technologies will have the most impact? . — Jeff Bezos, CEO, Amazon.
I now have a working manuscript for the entire book of Metrics That Matter. I jeopardized the release date of the book by taking an extra three months to finish the SupplyChain Index work. He is trying to figure out the answer to these questions: What defines supplychain excellence? Who has done it best?
In general, S&OP consists of a New product review, Demand Review, Supply Review, Management Review and some level of reconciliation between these steps. The process as is implemented in many companies focuses on balancing demand and supply based on preestablished rules and policies that serve as guardrails for the planning process.
The global supplychain industry has by default, a large environmental impact, through its carbon footprint. We are committed to preparing the supplychains of the future. The Group’s sustainability policy is based on three pillars: Acting for People, Acting for Planet and Acting for Responsible Trade.
For the last decade supplychain leaders and CIO’s have been evaluating when and how to move their supplychain applications to the cloud. Increased visibility – a cloud platform provides real-time visibility into critical supplychain data, such as inventory levels, which can help you make informed decisions.
In earlier posts I’ve explained why existing enterprise management solutions are limited ( hint: it’s stale data ), and why I believe that the new generation of cloud platforms will enable a new kind of ‘social’ supplychain that looks and operates very differently from what we are used to today.
Procurement AI enables teams to quickly process mountains of data, uncover hidden patterns, and automate repetitive tasks like invoice processing and supplier evaluations. AI in procurement refers to using advanced technologies to make procurement processes faster, more efficient, and data-driven.
Whilst the COVID-19 pandemic spreads across the world, it is vital for organisations to ensure a reliable supply of products and services. Lockdown of cities and manufacturing plants have significantly impacted many industries’ supplychains. Leadership in SupplyChain. fashion, automotive, spare parts, airlines).
Automating these workflows, however, offers a better way forward. In fact, companies that have automated procurement negotiations consistently achieve significant cost savings compared to traditional methods. Automating supplier onboarding and management can set your business up for success. Let's explore how. The result?
Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supplychain disruptions, a robust procurement strategy is no longer optionalits essential. Optimize costs without compromising supplychain continuity. Enhanced Agility: Enables rapid response to unexpected supplychain changes.
This past month I attended our SupplyChain Insights Bootcamp training led by Lora Cecere in Philadelphia and facilitated the first course of a Cross-Company Academy training, End-to-End SupplyChain Orchestration. End-to-End SupplyChain Maturity Stages. What does it look like if your supplychain is good?
Yesterday, I finished a post on supplychain planning maturity. A client had asked me, “How do I know if we have a mature supplychain planning organization?” Excellence in supplychain planning is a cultural shift. The average supplychain leader has five distinct supplychains.
My client attempted to have a supplychain discussion to improve flow, and his executive group just did not get it. As a result, my client became a pawn to eliminate as he drove to his goal of supplychain improvement. They were not aligned on the role of the distribution as it tied to supplychain excellence.
“If only I had the money that the company was supposed to save from the multiple ERP and supplychain projects. This year supplychain leaders will celebrate thirty years of progress in supplychain management; but we have not made progress on one of the funamentals: inventory management. I really do.
In business conversations, the term supplychain excellence rolls off the tongue frequently in meetings, but what does it mean? Supplychain excellence is harder to define than to say. We designed the SupplyChains to Admire Methodology to help companies define supplychain excellence.
In the past few decades, an increasing number of organizations have adopted environmental, social and governance ( ESG ) initiatives to help heal the planet as well as to make cost and efficiency improvements in their supplychain and procurement operations. What obstacles are companies facing in making the most of this opportunity?
Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. With 65% of supplychain professionals members of the Millenials and Gen X generations, inflation is new. Current technologies and processes focus on volume trade-offs.
Know your vendors and apply consistent policies and procedures. True corporate responsibility involves more than just your products and internal operations; it’s incumbent upon you to ensure compliance across the supplychain. Accurate data you can use to assess and mitigate risks up and down the supplychain is critical.
This is often managed with the help of supplier management software or inventory management software. The pandemic’s global scale exposed largely unprecedented, supplychain vulnerabilities. Accelerating value capture by leveraging digitisation, supplier management software, and spend analytics.
Theme 1: Global supplychains will be busy, congested and chaotic. 2023 call: Global supplychains will be slightly less busy, congested and chaotic, but cheaper – at least the transportation part. 3) Immigration policy preventing potential workers from entering the country to fill open jobs like driving.
As a member of Logility’s research and development team with a specialization in generative AI, I have a front row seat to witness the rapid expansion of artificial intelligence technology. In this blog, I‘ll address 10 common generative AI myths to demonstrate the value of this exciting technology.
On October 29th, the company has also been featured in Channel News Asia’s docuseries “Becoming a Global Hub”, underscoring the key role that Schenker plays in Singapore’s standing as a vital node in the global supplychain. Keeping SupplyChains Moving. Schenker Singapore, Turning Adversity into Opportunity.
For Bollore a deal would mean cutting ties with its biggest business while offering cash-rich CMA CGM a chance to bolster its bid to offer end-to-end transportation services and supplychain management. Walmart is using machines from packaging-technology company Packsize International Inc.
By George Fowler, group vice president, Spinnaker SupplyChain. ToolsGroup and Spinnaker recently partnered up on a digital transformation study, and we found that only 7% of responding companies are reaping the benefits of digital transformation of supplychain planning. What’s driving you, or holding you back?
So, I thought that I would grab a cup of coffee and pen a short blog post before I take off for Phoenix to work with clients and attend the Manhattan Software event. Then it is off to Dallas to speak on SupplyChainMetrics That Matter at the Dallas CSCMP roundtable and complete some more client work.
Your supplychain needs to be agile too. The best supplychains are also designed for purpose. For the purpose of this discussion, I define agility as the design of the supplychain to deliver the same cost, quality and customer service given a level of both market volatility and process variability.
September 26, 2019) A new study by ToolsGroup, a global leader in supplychain planning software, and Spinnaker, a supplychain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supplychain planning. BOSTON, Mass. and HOUSTON, Tex.
If the word collaboration was listed on a card as a drinking game at supplychain conferences, we would be drunk at many. While we speak of collaboration, the focus is on driving enterprise results not value in value chains. Cash-to-Cash Metrics. Here I share perspective on cash-to-cash abuse. I am troubled. My takeaway?
In today’s digitalized world, more and more companies are moving away from paper and spreadsheet-based processes in favor of more accurate, simple, and efficient automation. However, with numerous e-procurement software vendors available, choosing the right tool can be overwhelming. Let’s break them down.
In my work with clients, customers bandy about the term “customer-centric supplychain.” The organization is not clear on accepting special requests and expedited shipping policies, often resulting in a lower margin. A customer-centric supplychain is easier to say than implement.
Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.
Manufacturing is the foundation of my interest in supplychain management. SupplyChain and Design. This was the beginning of my journey from manufacturing to understanding larger supplychain concepts. Figure 1: Definition of the SupplyChain Organization. The year was 1985. Let me explain.
We finished our report on the maturation of hospital supplychains , and I have put the finishing touches on the Healthcare SupplyChain Index for this Thursday’s webinar. New SupplyChain Leader of a Regional Children’s Hospital. “We SupplyChain Leader of a Large Hospital. “We
Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. With 65% of supplychain professionals members of the Millenials and Gen X generations, inflation is new. Current technologies and processes focus on volume trade-offs.
Procurement should identify key stakeholders, understand their needs, and communicate the benefits of any new technology before defining roles, responsibilities, and decision-making frameworks. Process: Blueprints for Success This process workstream focuses on blueprinting existing processes, policies, and metrics.
Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean SupplyChain. Therefore, it is paramount for you as a logistics and supplychain professional to have a keen sense of how to properly evaluate a supplier.
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