Enterra Insights

Transforming Supply Chains During the Pandemic and Beyond

Enterra Insights

The pandemic has forced many companies to rethink their supply chain strategies. However, Shanton Wilcox ( @ShantonW ), U.S. manufacturing lead at PA Consulting, cautions, “Too many companies jump from appetite for change to action without fully evaluating the many ‘whys’ in between. Fully redesigning the supply chain starts with envisioning what it needs to become.

Enhancing Supply Chain Resilience

Enterra Insights

The late novelist Ayn Rand once wrote, “You can avoid reality, but you cannot avoid the consequences of avoiding reality.” ” The COVID-19 pandemic has highlighted the truth of Rand’s statement. Most business leaders faced the reality of the pandemic fairly quickly and, in most cases, the reality wasn’t pleasant. Some companies discovered their supply chains were not as resilient as they had imagined.

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Machine Learning and the Modern Business

Enterra Insights

Artificial intelligence (AI) is a frequently heard, and oft misunderstood, buzzword in business circles. Eric Siegel ( @predictanalytic ), a former computer science professor at Columbia University, writes, “A.I. is a big fat lie. Artificial intelligence is a fraudulent hoax — or in the best cases it’s a hyped-up buzzword that confuses and deceives.”[1]

Talking Turkey for Thanksgiving

Enterra Insights

As we approach the Thanksgiving holiday in the United States, one of the things we are thankful for is the food that graces our tables. According to Farok J. Contractor ( @FarokGlobalBiz ), a Distinguished Professor of Management & Global Business at Rutgers University, we can thank the global supply chain for many of the food items we will consume — including the turkey. He’s not just referring to today’s global supply chain, but to historical global supply chains as well.

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Hype Cycle for Supply Chain Strategy, 2020

Our recent supply chain planning survey showed that only 17% of organizations place considerable effort on innovation. For most, firefighting is the norm. But to succeed in today’s business landscape and recover quickly from disruptions, you need to carefully balance operational excellence with innovation for long-term growth. Get insights in this Gartner report to find out where to invest and what you should adopt as standard business practices.

Supply Chain Planning is Essential for Ending Up in the Right Place

Enterra Insights

The late, great, hall of fame baseball player Yogi Berra once stated, “If you don’t know where you are going, you’ll end up someplace else.” ” A similar sentiment was provided to Alice during her adventures in Wonderland when the Cheshire Cat told her, “If you don’t know where you are going any road can take you there.” ” Both these sentiments underscore the importance of planning.

The Pandemic has Extended the Holiday Shopping Season

Enterra Insights

By most accounts, we are already a month into this year’s holiday shopping season thanks to the coronavirus pandemic. Retail journalist Daphne Howland ( @daphnehowland ) observes, “To buy more time, the industry is embarking on the holiday season earlier than ever this year, but, despite the respite evident in September, retailers can’t escape the prevailing challenge of the moment — an unprecedented level of uncertainty.”[1]

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Omnichannel is the New Black Friday

Enterra Insights

With the prospect of wary consumers remaining reluctant to shop in stores during the upcoming holiday season, online sales began in earnest with Amazon’s October Prime Day. Other large retailers, like Walmart, also announced they were canceling traditional Black Friday sales promotions in favor of season-long, online sales campaigns. Although these efforts don’t discount in-store shopping, they certainly highlight the significance retailers are placing on omnichannel operations.

Industry 4.0: Driven by 5G and Cognitive Technologies

Enterra Insights

Some things seem destined to go together; for example, a wink & a smile; bed & breakfast; cookies & milk; and fish & chips. Many pundits assert 5G and cognitive technologies — often referred to as artificial intelligence (AI) — should be added to the list of famous pairs.

Solar Eclipses and Supply Chain Risk Management

Enterra Insights

Today, much of the United States will experience a total solar eclipse. That hasn’t happened for nearly 100 years. Because … Continued. The post Solar Eclipses and Supply Chain Risk Management appeared first on Enterra Solutions. Business Risk Management Supply Chain Enterra Solutions Stephen DeAngelis

Become a Walmart On-Time In-Full Guru With the Ultimate Guide to OTIF!

Information on Walmart’s On-Time In-Full program is scattered, so we’ve put together everything you need to know about OTIF. Download this ebook to get the skinny on OTIF metrics, identifying the root cause of issues, and how to improve your scores!

Pillars Supporting the Digital Path to Purchase

Enterra Insights

Even before the coronavirus pandemic closed physical stores and forced consumers online, they were journeying on the digital path to purchase in increasing numbers. The pandemic only accelerated that trend. “Customers are increasing their appetite for omnichannel commerce as the pandemic continues,” writes journalist Jacqueline Barba ( @JackieBarba1 ). “According to a new global survey of more than 2,500 consumers from Periscope by McKinsey, U.S.

Digital Transformation Means being on the Cutting Edge of Change

Enterra Insights

The term “digital transformation” is found liberally scattered through articles about how businesses are adapting to the digital age. I often wonder, however, if business leaders fully comprehend what transformation means. Jim Tompkins ( @jimtompkins ), Chairman at Tompkins International, writes, “The definition of transformation is the act or process of being transformed.

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Post-pandemic Supply Chains

Enterra Insights

“As countries shut down, stock markets crumble and economic activity slows to a crawl,” writes Yossi Sheffi ( @YossiSheffi ), the Elisha Gray II Professor of Engineering Systems at the Massachusetts Institute of Technology, “it is hard to believe that in a few months the coronavirus crisis may be over.”[1] ”[1] The pandemic may be over; however, consequences of the pandemic will remain.

Corporate Social Responsibility Efforts: Succor or Sucker?

Enterra Insights

One of the characteristics associated with members of younger generations is their commitment to social causes. Journalist Nicole Schuman ( @Buffalogal ) reports, “Consumer loyalty could shift if brands do not honor their social justice commitments and promises. Forty-two percent of consumers say they would start buying from competitors if brands don’t stay true to their word, according to a new survey from Sprout Social. And it’s not just words that shoppers are looking at.

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The Five Worst Practices in Procurement

The GEP white paper lists 5 common mistakes that impede the success of procurement professionals. Learn from industry veteran Bill Huber about the wrong and right ways to approach a procurement mandate and why just saving money isn’t enough. Download this report now to learn how to avoid the worst procurement practices.

Is Globalization Changing or Dying? Part One.

Enterra Insights

When media outlets like The Economist and Financial Times start publishing eulogies for globalization, you know something has changed on the world stage. Economist journalists bluntly ask, “Has covid-19 killed globalization?”[1] ”[1] They note, “Even before the pandemic, globalization was in trouble. The open system of trade that had dominated the world economy for decades had been damaged by the financial crash and the Sino-American trade war.

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The Pandemic hasn’t Dampened Enthusiasm for Blockchain Technology

Enterra Insights

Two of the most obvious changes in consumer behavior during the novel coronavirus pandemic have been a spike in e-commerce and renewed interest in shelf stable food products.

Blockchain Technology Still on Course to Improve Supply Chains

Enterra Insights

Supply chain professionals know how complex today’s supply chains can be. Erminio Di Paola, Vice President at HERE Technologies, explains, “Getting an item as common as a pencil into the hands of a consumer can require a process involving hundreds or even thousands of people, from material procurement to manufacturing to distribution.

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Supply Chain Sustainability is Becoming a Hot Topic

Enterra Insights

The U.S., already reeling from the coronavirus pandemic, didn’t need exacerbating crises. Unfortunately, the west coast burned and the gulf coast flooded — with the severity of those crises attributed to climate change. While politicians dawdle, consumers expect companies to play an important role in addressing climate change.

How Georgia-Pacific Turned Their Supply Chain into a Competitive Advantage

Georgia-Pacific, one of the world's leading manufacturers of tissue, pulp and paper and supplier to top brands like Brawny, Angel Soft and DIXIE, trusts ClearMetal for their supply chain requirements. Read the case study to hear how one company turned the reliability and transparency of its supply chain into distinct competitive advantages.

How Consumer Behavior is Changing

Enterra Insights

Although history, for the most part, advances predictably, occasionally events, like the COVID-19 pandemic, come along to reset history’s course. Some analysts refer to this as a paradigm shift. When such a reset occurs, people start asking a lot of important questions. For example, Anil Kaul ( @anil_kaul ), co-founder and CEO of Absolutdata, asks two fundamental business questions: “What will consumer behavior and profiles look like in the new normal?

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Industry 4.0 is Here. Where are You?

Enterra Insights

Revolutions can take years to unfold. Such is the case with latest industrial revolution. Gjoko Muratovski, Director of the Ullman School of Design, explains, “The world is being changed in many new ways. The Covid-19 pandemic that has placed the entire planet on hold is just one part of this disruption. Another less dramatic but equally important change is also taking place in the midst of it all: the Fourth Industrial Revolution.

Supply Chain Planning is Indispensable

Enterra Insights

Most supply chain planners are familiar with Dwight D. Eisenhower’s observation, “In preparing for battle I have always found that plans are useless, but planning is indispensable.” While I agree with the late five-star general and president about the indispensability of planning, I disagree that plans are useless. Because new planning techniques are making plans more realistic and viable.

Is AIoT the Future of Industrial Connectivity?

Enterra Insights

There is a lot of discussion about the future benefits of the Internet of Things (IoT) — sometimes called the Industrial Internet of Things (IIoT). As more and more devices connect to the Internet, the amount of data being generated will explode. Some experts worry that businesses will drown in data. Making oceans of IoT-generated data useful for people, governments, and businesses requires the capabilities of cognitive technologies.

Mission Critical: Leveraging Learning Engineering to Drive Digital Transformation

Speaker: Trish Uhl, Founder of Owl's Ledge LLC and the Talent & Learning Analytics Leadership Forum

Digital is disrupting every part of an organization's value chain at a record pace, creating a critical need to transform operations and employees' ways of working. Formal training alone can't keep up; it's often too slow, too generic, inconvenient, inefficient, unduly expensive and lacks or lags methods for measuring business-related effectiveness. Trish Uhl show you how to start leveraging Learning Engineering, a multidisciplinary approach that combines modern technology, data analytics, decision science, learning sciences and change management with human-centered engineering design methodologies to ultimately deliver targeted learning outcomes and business results that keep pace with the business and merge learning into the flow of work and lead Digital Adoption.

Supply Chain Resilience is a New Imperative

Enterra Insights

The topic of supply chain resilience sprouted in the media and professional journals as a result of the coronavirus pandemic. Resilience is defined as the capacity to recover quickly from difficulties or spring back into shape. The pandemic has certainly tested those supply chain characteristics.

As Baby Boomers Retire, Don’t Let Tribal Knowledge Retire with Them

Enterra Insights

The youngest members of the generation known as Baby Boomers are approaching retirement age. If companies allow Baby Boomers’ years of expertise to walk out the door without capturing it, they are losing a valuable asset.

Data is Essential for CPG Success

Enterra Insights

From demand planning to manufacturing to trade promotion optimization, data is essential for almost every aspect of consumer packaged goods (CPG) company operations. Journalist Tina Wilson explains, “While the evolution of the CPG landscape has been underway for years now, its rate of change has dramatically quickened as a result of the coronavirus outbreak.

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The Coronavirus Pandemic Rewarded Companies with Foresight

Enterra Insights

Hindsight — understanding of a situation or event only after it has happened — is important; however, foresight — the ability to predict or the action of predicting what will happen or be needed in the future — is even more important. Companies that had the foresight to embrace online (omnichannel) operations prior to the pandemic have been richly rewarded.

Webinar on Demand: Resilient Supply Chain Network Design

Speaker: Bhomik Jain, Paul van Nierop & Aanand Pandey

Companies around the world are struggling to cope with COVID-19 disruption. Are supply chain networks resilient enough to weather the storm? Watch this webinar to learn about our research findings in the realm of network design and optimization, and uncover the capabilities you need to build resilience and agility.

Data, Digitalization, and Supply Chain Transformation

Enterra Insights

In dark times, people look longingly for the dawn of a new day. The coronavirus pandemic resulted in dark times for many supply chains and, as a result, much is being written about how supply chains can transform and usher in a new day of supply chain operations. Michael Schrage, a research fellow at the MIT Sloan School of Management, explains the global outbreak of COVID-19 has “dramatically accelerated digital transformations worldwide.

Omnichannel is the Future of Retail

Enterra Insights

British novelist Wilbur Addison Smith once wrote, “History is a river that never ends.” ” The metaphor of history as a river is misleading. It implies a fairly steady flow of events from the past into the future. Forecasters would love that to be true. Unfortunately, the coronavirus pandemic once again demonstrates how history is more like tectonic plates floating on the Earth’s core than it is a river.

Even in Depressed Economic Times, Outlook for Robotic Process Automation is Bright

Enterra Insights

It’s no secret some businesses are struggling during the coronavirus pandemic. The pandemic has resulted in a double whammy involving both health and economic risks.

The Brutal Legacy of Slavery is Still Being Made in Some Supply Chains

Enterra Insights

Far too many people believe the legacy of slavery is an historical artifact — it’s not. People around the world are still being held in forced labor conditions. The staff at Global March Against Child Labor reports, “In recent years, those concerned with the issues of trafficking, forced labor, and slavery have begun to focus on supply chains as a new arena of action with a focus on girls and young women.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!