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In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supplychain excellence. In my post Mea Culpa, I reference my work with the Gartner SupplyChain Hierarchy of Metrics. They do not excel in planning or forecasting.
I laugh when business leaders tell me that they are going to replace their current supplychainplanning technologies with “AI.” Each supplychainplanning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions.
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.
The modern supplychain is a complex network of suppliers, manufacturers, distributors, and customers, all interconnected and reliant on a shared ecosystem of trust and accountability. As industries evolve and global markets expand, ethical considerations have become central to supplychain compliance.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supplychainplanning became the most important initiative. . This includes internal and external data sources.
” 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 new year has arrived and so has the new wave of noteworthy news coming out of the supplychain space. A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supplychain. As the year marches on, you can count on weekly updates here!
My goal is to engage the supplychain community in a no smoke and mirrors discussion. My observation is that the supplychain community perpetuates a number of myths about planning. This post is a reflection from twenty years as an analyst in supplychainplanning. I need to clear the air.
“May you live in interesting times,” widely attributed as a Chinese curse, some claim this as a blessing; whichever side you take, this is exactly what’s happening in the supplychain world since 2020, and it looks like we will be living with this blessing/curse for a while longer. Emerging Themes for SupplyChainPlanning.
According to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supplychain executives are losing the strategic gains they made with their C-suite counterparts. 28% of supplychain leaders cite cost reduction as one of the top three priorities currently.
That’s why staying on top of the latest supplychainplanning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supplychainplanning.
More and more businesses are hopping on the outsourcing bus and letting the experts take the wheel to drive supplychainplanning processes. Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supplychainplanning (SCP). versus $4.84 per $1000 of revenue).
These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. Time-consuming manual processes to report on ESG metrics. Complexities integrating data from across global supplychains. Start with your supplychain. Moving the cloud is one way to start to this process.
Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.
A large consumer products manufacturer with nine Enterprise Resource Planning (ERP) instances and several divisions wanted to discuss forecasting. The Center of Excellence at the company wanted to improve base-level capabilities but struggled to move forward due to the traditional views of the planning team, which they felt were self-serving.
When reviewing strategy decks for supplychain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” Companies became less clear on the definition of supplychain excellence and how to implement decision support technologies. Functional Metrics.
This spike in home deliveries disrupts supplychains and increases planning complexity for retailers and express companies. There’s a battle to win and retain consumers at the last mile, but the many moving and interdependent parts of last mile operations are making it the most complex and expensive part of the supplychain.
This is a story for the Eds, Franks, and Toms working together in supplychains across the globe. It is also a story for a young supplychain manager attempting to make a difference, but feeling stymied. Efficient supplychains may not be the most effective. Need for SupplyChain Leadership.
Goodman titled “ The SupplyChain, Reconfigured.” ” His narrative centers on the evolution of the global supplychain evolving with a focus on labor arbitration ignoring geographic distance and shipping issues. The populist narrative of sourcing globalization is only part of the story.
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.
I feel that topic of supplychain management is analogous to the downward cycle of the news channels. What Drives SupplyChain Excellence? I analyze supplychain management. Maturity in horizontal process development– Sales and Operations Planning (S&OP) and new product launch—also drives value.
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.
The logistics and supplychain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Proactively adopting cleaner energy sources ensures alignment with these evolving regulations.
by Jay Muelhoefer Today’s global supplychain leaders know to expect the unexpected. The impact isn’t completely clear nor is the timeline, making planning even more difficult. A bad prognosis for sequential planning. That’s not enough time for the slow, sequential planning processes that many organizations use today.
Let me start by saying that t he process is not a panacea to solve all supplychain ills. Clear operating strategy and definition of supplychain excellence across plan, source, make and deliver. Clear operating strategy and definition of supplychain excellence across plan, source, make and deliver.
Autonomous SupplyChains In this competitive environment, a CPG manufacturer needs to fight to get space on retailer shelves in each region, keep those shelves stocked, compete and collaborate simultaneously with e-commerce, and maintain its operating margins. each with discrete plans generated typically in sequential batch runs.
There are numerous indications that supplychain is more critical than ever. Results from The Conference Board’s C-SUITE OUTLOOK survey showed supplychain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs.
Supplychain resiliency and sustainability are top priorities for CEOs today. To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains.
A large multinational is undergoing an impressive supplychain transformation that will run through 2023. While the company has several different goals, two key focuses are improved agility and resilience, and more autonomous planning. A Complex SupplyChain. But even multi-sourcing is not enough.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. This article is from Michael Balint at Solvoyo and looks at the fresh produce supplychain. To read the article, click HERE.
Megatrends Shaping SupplyChain Innovation. While the COVID-19 pandemic woke up supplychains around the world, the ripple effects continue to disrupt in both size and scope. How are supplychainsplanning for further disruption and uncertainty? Creating a more resilient supplychain.
This year, a recurring theme that I saw was about using supplychain data to improve the customer experience across the entire value chain. Here are the ones that stood out to me, especially as it relates to supplychain data. This new dashboard gives retailers a lot of supplychain data to see where they stand.
Structured and unstructured data including that from social media, Internet of Things (IoT) and Blockchain sources continue to stream in but much is left untouched. This article will discuss the opportunity generated from the explosion of supplychainplanning data and the necessity for digital supplychain transformation.
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.
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.
Anyone who has done demand planning knows it is extremely complex, with forecasting challenges and rapidly shifting consumer demand, often exacerbated by seasonality, new product introductions, promotions, and myriad causal factors (e.g. Data Variety The more different types of data sources you factor in (e.g. weather, social media).
As I was reading the book, I couldn’t help but reflect on my own experience of working with IT organizations over the last two decades I have been in the supplychain business. I will lean on the SupplyChainPlanning space as an example and relate to the broader shifts in the role of IT in supplychain management.
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. Figure 1: SupplyChainPlanning Benchmarking Methodology Overview.
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? Let us study major highlights of SupplyChains of the future. . — Jeff Bezos, CEO, Amazon.
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. Once upon a time, the world of manufacturing was a relatively stable place. And that’s where real-time perpetual inventory signals come in.
What is integrated business planning (IBP)? Is it identical to sales and operations Planning (S&OP), an extension of it, or something altogether separate? Integrated business planning is a new level of visualizing, evaluating and optimizing your supplychain. Why Integrated Business Planning Initiatives Fail.
by Bill DuBois The life sciences supplychain starts with a miracle. Everything we talk about in supplychain starts with discovering that product you can market and sell. From a supplychain perspective, it reminds me of variable lead times. Is there a more challenging industry than life sciences?
Breaking Boundaries: Exploring Generative AI’s Impact on SupplyChainsSupplychains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution.
In this final blog on agility and why you should consider becoming an agilist to survive the new completion (of the continuous mention) of the application of enterprise decision management systems (EDMS) from Taylor and Raden cited in the first blog, I turn to the metric of agility and a new ROI metric of decision yield. The Takeaway.
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