Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

Founded in 2002, Spinnaker is a supply chain services company that helps clients grow, manage risk, reduce costs, and improve customer service by developing world-class supply chain capabilities. Our services help clients develop the right supply chain strategy for their business challenges and implement the process and technology solutions to improve Demand/Supply Planning, Procurement and Sourcing, Logistics and Warehousing, and Reverse Logistics business performance.

Study 131

Not All Digital Twins are Created Equal

DELMIA Quintiq

The concept of a digital twin has been around since 2002, first introduced by Dr. Michael Grieves as part of his research agenda at the University of Michigan. By simulating these activities, it is possible to accelerate the ramp up of initial production for new product introduction, as well as be a source for future process improvement.

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Inventory Management: We Can Do Better

Supply Chain Shaman

The source of this data is a syndicated data provider of public reporting termed “Y-Charts.”). We were better at factory scheduling in 2002 that we are currently. Each day through the COVID-19 pandemic, I tune into Anthony Cuomo’s (governor of New York) daily briefings. It is my break in the day. As a multi-tasker, when Governor Cuomo broadcasts, I use the time to work out on my rowing machine. His opening line is, “Let’s start with facts.

Blockchain: Preventing E. Coli Through Enhanced Traceability

Kinaxis

Health officials narrowed the source down to romaine lettuce, but identifying which romaine lettuce from where is still a problem. Bioterrorism Act of 2002 (mandating that businesses keep records of the prior handler and the next handler) and the Food Safety and Modernization Act, food is still very hard to trace. by All By: APICS CEO Abe Eshkenazi, CSCP, CPA, CAE. This article was originally published on apics.org, and is repubished with permission.

Steel Tariff Proposition: Will It Work?

Elementum

government began working on a proposition in June to impose tariffs and fines on foreign-sourced steel , suggesting that all pipelines operating on American soil use only American-sourced steel. This viewpoint is based on choices made by previous administrations: in 2002, for example, former U.S. rise, this could potentially lead to industry leaders looking for different sources of steel, subsequently resulting in production cuts and layoffs at U.S.

Post-pandemic Supply Chains

Enterra Insights

From the outset, key lessons related to knowing the supply chain were at the forefront — not just the final link but key sources of supply related to materials, having contingency plans for interruption of supply, and understanding the capabilities and vulnerabilities of critical elements within the value chain.”[4]. Tan points out, when the SARS, or severe acute respiratory syndrome, epidemic broke out in 2002 and 2003, “China contributed 4% to the world’s GDP.

The worst Supply Chain practices must be confessed and not only by constraint

KEPLER Consulting

A range of bad practices are observed on the visibility provided to suppliers: Failure to share forecasts with the supplier: this bad practice causes suppliers to secure their lead time by prolonging it, which has a negative effect on the customer’s sourcing flexibility. Two examples among others are the manual sourcing process or asset management to be applied on future orders from the supplier. Sources Cachon G.P. Thesis, Northwestern University, 2002.

7 Supply Chain Cost Saving Ideas from SpaceX

Supply Chain Opz

In June 2002, Space Exploration Technologies Corporation or SpaceX was established with the goal to make the space launch service way cheaper. 2) Keep product design in-house : Musk knew from the start that the product design is a very critical mission because it dictates type of materials, manufacturing processes and source of supplies. During the period of slow economic growth, many manufacturers have to deal with the cost pressure.

Say Customer Service and Mean It

Supply Chain Shaman

Starbucks redesigned their cups for the Grande product, and the flimsy cups were a source of constant spills and burns. Slowly the company built a supporting supply chain to support 400 retail stores by 2002.

Shippers Dissatisfied with 3PLs’ Dinosaur Technologies

Supply Chain Collaborator

The first study of shipper satisfaction in 2002 revealed only 27% of shippers was satisfied with the IT capabilities offered by their 3PL provider. This is largely by design as the 3PL isn’t keen on providing its customers any significant insight into costs and performance which reveal not only their markup on the freight, but also the extent to which better performing carriers could be sourced and engaged.

3PL 60

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. Deutsche Post started acquiring shares of the company in 1998 and completed its acquisition of DHL by 2002, expanding the brand ‘DHL’ to its other services.

3 ways supplier diversity in supply chain can positively impact your business

DELMIA Quintiq

Between 1997 and 2002, approximately 50% of growth by all American firms came from minority businesses alone. In an interview with My Purchasing Center , Nancy Huff – Sourcing Solutions Manager at business processing, technology, and procurement service provider Xchanging – spoke of many tangible benefits that come with a supplier diversity program. More than just charity.

Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

Cerasis

These recall counts point to sizeable growth over the past decade in the recall notices of Chinese-made consumer goods from 58 in 2002 to 153 in 2014. manufacturers' decisions to reassess where they are producing or sourcing. Take a moment to think about offshoring. Offshoring is basically when a company moves manufacturing to a foreign country in an attempt to save money. For a time, this model of manufacturing seemed to be the paragon of effective business.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

Founded in 2002 under the name of Agilisys, Infor rebranded in 2004. The goal is deeper analytics to sense and respond across make, source and deliver. Most companies use multiple B2b networks because they have evolved to serve a part of a supply chain–source, make or deliver within an industry–versus a value chain solution that can connect industries. Companies need a real-time data source on performance.

Can You Trust the Information Your Supply Chain System Tells You?

NC State SCRC

But what happens when information is presented by human and automated sources? And what happens if those information sources conflict? For example, a Russian passenger jet and cargo plane in 2002 crashed in a mid-air collision. Under this simulation, the findings were very interesting: • Presentation order did not significantly affect reliance/trust in human and automated sources within risky decision making tasks. Source: In Automation we Trust?

The End of a Fairy Tale

Supply Chain Shaman

As shown in Figure 1, the cost of Texas crude has increased nearly four times in the last decade; yet, too few companies are actively modeling the trade-offs of make, source and deliver TOGETHER. When I was interviewing Keith Harrison, prior manager of the Procter & Gamble supply chain global team, he commented that the cost of distribution outstripped the cost of manufacturing in 2002 for P&G. In the end, we were all going to live “happily ever after.”

Opinion: A Post-Covid 19 World for Supply Chains: Back to the Future?

6 River Systems

” However, as we saw in China after SARS in 2002, it’s possible that ‘normal’ won’t quite look like what we’re used to. Governments will have to rethink how they act within our interconnected global supply chains: how they allow the flow of goods, how they monitor areas where products are sourced and manufactured and how they regulate cross-border labor.

Insights from Kenco Customer Summit 2015

Talking Logistics

In a survey I conducted a few years ago, supply chain executives viewed “direct conversations with other executives and peers” — in other words, peer-to-peer learning and networking — as the most valuable source of practical knowledge and advice. Source: Adelante SCM. Source: Adelante SCM. Source: ProLogistix. From 2002 through today, the Consumer Price Index has increased 35.5 Source: Tompkins International. Source: Kenco.

Looking at the sustainable supply chains behind some classic Valentine’s Day favorites

Kinaxis

When Hershey’s says an ingredient is sustainably sourced, it is farmed in a responsible manner so the land, people and community that produced it can continue to thrive. In 2002, the UN adopted the Kimberley Process — a joint governments, industry and civil society to stem the flow of conflict diamonds (rough diamonds used by rebel movements to finance wars against legitimate governments). by Teresa Chiykowski Chocolates, wine, flowers, jewelry?

Circular Economy in ICT – Completing the circle of supply

EcoVadis

Besides material and equipment, energy efficiency improvement of internal processes and networks comes on the agenda when realizing that the carbon footprint generated through ICT in 2002 will more than double by 2030, as it was estimated by the Global e-Sustainability Initiative (GeSi). The first and classical approach for addressing product and equipment obsolescence is formalizing objectives for take-back and secondary sourcing of material , as done by Orange.

Seasoned Leadership in Action™! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. The evolution of buying & expediting, which was so common early on, to strategic sourcing and supplier relationship management was a significant transformation through the 1990s and beyond.

5 Tactics for Transforming Your Supply Chain into a Lean, Mean, Green Machine

AFFLINK

Making your supply chain green requires integrating multifaceted environmental concerns relating to product design, materials sourcing, manufacturing, transportation, and end-of-life product and resource management. This has been an increasingly hot topic in design circles, especially since the 2002 publication of Cradle to Cradle: Remaking the Way We Make Things by Michael Braungart and William McDonough.

The Dark Side of the Forecast: How to Conquer it

The Supply Chainer Report

In contrast, among many other scientists, the famous psychologists Daniel Kahneman (2002 Nobel Prize in Economic Sciences) and Amos Tversky believes on the Base rate fallacy (and some other psychological theories) which strongly impacts in the individual decision-making of estimating the future. In other words, you need to fully understand the sources of any particular rationale to change the Forecast (optimistic or pessimistic).

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Initially, this led to operating losses and write-offs and was turned around in 2002. I do not think that most companies understand the concept or source of profit leakage. Slowly, more and more companies are waking up to the cold, and hard facts. Financial balance sheet improvements cannot be driven by traditional supply chain processes. In the words of a supply chain leader yesterday, “Lora, please give me stories of success. I have personally experienced the failure.

The drive for a New Wave of Easy-to-use Procurement Products

Claritum

Recognizing these inefficiencies of purchasing marketing services across multiple countries, James Samuels and Paul Barker founded Claritum in 2002 to help companies streamline the purchasing of print and marketing services. Claritum automates sourcing, procurement and invoicing in one, easy-to-use, cloud based platform while enabling business users, customers, procurement experts, buyers and suppliers to collaborate globally and in real time. Claritum Article - Procurement Blog.

Seeing Beyond the Firewall

Supply Chain Shaman

The Gartner vision for ERP II in 2002 was destructive. To drive success in value networks, build multi-tier capabilities in channel and sourcing relationships, side-stepping the use of both traditional CRM and SRM concepts. If you are a discrete manufacturer in supply chain, we would love your insights on this research study on direct material sourcing. How do you manage sourcing in innovation, compare suppliers and collaborate on design.

Not All Digital Twins are Created Equal

DELMIA Quintiq

The concept of a digital twin has been around since 2002, first introduced by Dr. Michael Grieves as part of his research agenda at the University of Michigan. By simulating these activities, it is possible to accelerate the ramp up of initial production for new product introduction, as well as be a source for future process improvement.

Seasoned Leadership in Action™ Interview Excerpts: Lessons Learned by Global Leaders

Supply Chain Game Changer

Mistakes & set-backs are the great source for development opportunity. In reality, a few abrupt moves and getting laid off in 2001 by Dell drove a sharp left-hand turn in my career in 2002 that evolved to where I am today. Subscribe Here! Email Address.

Podcast: Scott Donachie and Daniel Robin on the Evolution of Zero Waste

Requis

Later, starting around 2002, with some of the first Cleantech Venture Forums in Toronto, a small group of us investors realized it had become viable… the “new, new thing” The fact was then, and it’s still true today, that extracting inefficiency and waste is often really profitable.

Are You Active in the Digital Transformation Drinking Game?

Supply Chain Shaman

My struggle is that open source software–Apache Foundation’s work with HADOOP and Spark–is moving quickly. SAP APO became the market share leader for supply chain decision support in 2002. Consider that today, two decades after the evolution of VMI, that less than 1% of companies integrate and synchronize this valuable source of channel data into order management policies and supply chain planning. Today I attended the SAP Insider Conference. The theme?

Freightera Wins 2020 Ready to Rocket Placement Among Top Technology Companies in British Columbia

Freightera

Rocket Builders started its recognition program 18 years ago during the stock market downturn of 2002, post “the Internet bubble,” a time somewhat reminiscent of the current COVID-19 crisis. Source: Newswire. For the second year, Freightera makes the list of private BC companies best positioned for high growth and acquisition, according to a predictive model by Rocket Builders.

[Infographic] 21st Third Party Logistics Study Shows Increased Use of 3PLs & Shippers

Cerasis

However, 27 percent of shippers look at increasing M&As as a source of added value, asserts Dr. John Langley of Supply Chain 24/7. In 2002, the third party logistics study first began surveying respondents on satisfaction with the level of information technology (IT) services available through 3PLs. Third-party logistics providers are evolving in the wake of changing politics, increased public scrutiny and demand for more value-based, not asset-based, services.

Bio-based Products Future is Promising, but Hurdles Exist

Supply Chain View from the Field

However, each of these firms expressed that they would benefit from more direct discussions with the BioPreferred Program to find ways to increase the utilization of the label as a default “indicator” to be used in life cycle assessment (LCA) programs similar to the use of sustainable sourced forestry products. I had the opportunity to present at a hearing in Washington last week – this was a public meeting of the Biomass Research and Development Technical Sub-Committee.

A vision for a transparent global Rare Earth Element system using blockchain technology

Provenance

China’s low prices have historically undercut global prices and pushed out foreign competitors –– such as the Mountain Pass mine in California, which closed in 2002. Lack of standardised sustainability reporting makes it difficult to compare sustainability performance between source mines, set sustainability targets and reward best practice. In other words you cannot physically differentiate a sustainably sourced REE from a non-sustainably sourced REE without the use of tagging.

How Yelling at Your Employees Brings Better Results

Supply Chain Cowboy

In it, he tells the story of Daniel Kahneman, who won the Nobel Prize for Economics in 2002. Image Source ]. Let’s pretend you manage Chuck. He’s a fairly good employee most of the time, but occasionally, he really messes up. Whenever this happens, you bring him into your office and yell at him for a bit. Chuck’s next assignment is much better. You’ve done your job as his manager. It’s not fun to yell at people, but someone has to do it. Or do they?