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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. Understanding this relationship requires modeling. The reason?
In 2004, I worked with a Midwest North American meatpacker to help define its supplychain strategy. Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat. What do I mean? To illustrate, let me share a story.
For the past five years, the team at SupplyChain Insights identified SupplyChains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). About the SupplyChains to Admire Methodology.
That will be in 2015, after the peak of oil [supply].”. made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. The Google TMS?
For the past five years, the team at SupplyChain Insights identified SupplyChains to Admire Award Winners by analyzing performance by peer group on the key metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC). About the SupplyChains to Admire Methodology.
Supplychains are particularly vulnerable during recessions. Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable.
by Kevin McGowan A recent New York Times article demonstrated that supplychain management innovations can come from some unexpected places. This simple idea has transformed fishery end-to-end supplychain management , and other organizations are starting to follow suit.
I am speaking this morning at the Terra Technology conference and doing a book signing of my new book, SupplyChainMetrics That Matter. The world of supplychain is active on my iPhone. In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks.
I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. I wrote many reports on airport floors in those days–electrical plugs were just too scarce.) Sales and Operations Maturity Model from 2005-2008.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
Subscribe to SupplyChain Game Changer. Digital SupplyChain Overview! Digital SupplyChain evolve article and permission to publish here provided by Megan R. People often position the digital supplychain as essential for helping today’s businesses succeed. Email Address.
As supplychain clichés take flight, clients struggle with execution. One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supplychain.” The discussion of customer-segmented supplychains happens often. in Net Cash on Hand.
I thought I understood all the major supplychain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and SupplyChain Strategy beyond Covid-19. The potential supplychain impacts of this conflict dwarf any other supplychain news that might be reported.
Historical Data on TMS Adoption May Be Lower Than Reported. In 2008, statistics involving TMS adoption rates ranged from 20 to 30 percent. Meanwhile, 2008 was a time when the deployment of cloud-based technologies was in infancy, so some companies may not have understood survey questions and their applicability to existing operations.
Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. The reason, she explains, is digital technology. Fortunately, data is generally available.
The premise of the Christensen’s book is that when companies focus on current customer needs, they fail to adopt new technologies or business models that will meet the customer’s unstated or future needs. I think that IBM, HP, Microsoft, Oracle, SAP and Teradata are victims today in the information technology sector.
Special thanks to Lars Jensen, CEO at Sea Intelligence Consulting and Zvi Schreiber, CEO of Freightos Group for their input and insights for this report. . It’s hard to predict what demand will be like for products like these ahead of time. It starts back in 2008. . FREE SAMPLE REPORT. And it can be fixed.
Special thanks to Lars Jensen, CEO at Sea Intelligence Consulting and Zvi Schreiber, CEO of Freightos Group for their input and insights for this report. It’s hard to predict what demand will be like for products like these ahead of time. It starts back in 2008. More home purchases and home offices meant new home furnishings.
Balancing supply and demand requires careful planning and the ability to adapt to changing market conditions, especially when considering the bullwhip effect in supplychain management. Referring to the post-2008 period, he notes: “Sales are rising rapidly from 2017 through 2018.
Amazon has announced that it plans to develop new technology for its autonomous delivery vehicles in Helsinki, Finland. The launch of the new development center in Helsinki comes six months after Amazon acquired local 3D modeling firm Umbra. The engineers will begin by developing 3D software to emulate the “complexities of real life.”
As part of LogiSYM Asia Pacific 2022, we had the opportunity to chat with Vittorio Favati, Chief Executive Officer – TVS SupplyChain Solutions GFS. He also went on to share what he sees as the five key changes making a global impact to supplychains today and gave advice for those working in or considering a career in our industry.
The Internet’s large-scale global penetration has spawned an increasingly large number of technology and web-savvy consumers, creating a huge opportunity for both industrial manufacturers and their end customers. Advanced Analytics Continue to Get a Bigger Plate at the Manufacturing Dinner Table. E-Commerce for Manufacturing.
Reports 2013 Third-Quarter Results. Menlo Continues its Support of Degree Course in SupplyChain Management. Menlo Continues its Support of Degree Course in SupplyChain Management. Con-Way this week reported 2013 third-quarter net income of $30.6 In other news this week… Con-way Inc. million, down 11.0
Valerie Nechay, a Marketing Technology and customer experience (CX) observer at Iflexion, believes companies with the right perspective about customer experience will be the winners in the post-pandemic world. People (and our purchasing decisions!) Realistically, the only way to provide 24/7 support is by leveraging technology.
Well, my big audacious prediction for 2015 did not come true. Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. But some of my other predictions did hit the mark or came close. Making supplychain and logistics predictions is like throwing darts at a moving target.
With new supplychain innovations , trends in logistics technology and advancements like automated robots making a big impact on operational efficiency, it seems that supplychain optimization is within reach for more companies than ever before. Brown @TheMichaelBrown Michael D.
We will feature our 5 main categories all week: Logistics , Manufacturing , SupplyChain , Transportation , and Freight. Most industry experts rate the cost of logistics as very costly. The shipping industry saw growth and expansion in 2014 when compared to the state of the industry since 2008.
The 5 Levels of SupplyChain Transparency! The phrase “SupplyChain Management” was first coined in 1982. Blockchain has rapidly become a very widely used term, at first intended to describe the enabling technology platform behind Bitcoin. Blockchain however is a more definitive technology.
Supplier performance management provides detailed information about the risks your suppliers may have, so you can take action to reduce or eliminate risks in your supplychain. Therefore, the success of supplier performance management directly affects the quality of the entire supplychain. How is it possible?
Some once thought that level 4-5 automation was a handful of years away (the estimate has now been revised upward to 15-20 years). FCA Partners with Mazda to Split New Roadster’s Costs 50/50 ( Learn more ). So, while the cost of developing a new platform is limited, so is the profit upside. . Make SupplyChains Flexible.
Confronted with a pandemic, we’ve seen global supplychains struggle to cope with the consequences of isolation and work-from-home orders. How to build resilient supplychains. The last global recession was in 2008, leading some economists to believe the next one is overdue. Recession indicators: Factory slow-down.
One of the behaviors to which they often point is an increase in online purchases. Even before the pandemic, consumers were trending towards more online shopping — making the digital path to purchase and omnichannel operations important for manufacturers and retailers. So it was a pretty safe bet that this trend would continue. .”
Successful supplychain management requires a company to recover from disruptions, which are a normal part of any business. The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. Quantifying by Spend.
When the housing market collapsed in 2008 , the US and global economies went into a tailspin. Predictiveanalytics , which identify the intrinsic inefficiencies in simple processes that did not warrant in-depth review in response to the Great Recession. Modern 3PL Logistics Companies offer much more than traditional 3PLs.
In today’s environment, hospitals continue to outsource their sourcing capabilities to a national or regional group of Group Purchasing Organizations (GPO’s), who claim to obtain leveraged savings for groups of large commodities. Data is the only true enabler for change in the healthcare supplychain.
After highlighting some of the results from the IBM study I worked on this past fall on procurementanalytics, I introduced Rich Hughes, former Chief Procurement Officer from Procter & Gamble. During this period, spend under management was 50% at best, and there was significant fragmentation in the supply base.
percent in 2015, according to MarketWatch , signaling the country is making the most of the extreme dip in prices, which are around 80 percent lower than they were in 2008. And next year, China’s oil analytics group predicted oil import growth will slow to just 4.6 China’s crude oil imports rose 8.8 Manufacturing Impact.
This week, the Council of SupplyChain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 33rd Annual State of Logistics Report to organization members and the industry as a whole. This report provides a snapshot of the U.S. For 2021, U.S. percent to $1.85
Subscribe to SupplyChain Game Changer. Since the recession in 2008, traditional lenders don’t usually grant loans to small businesses that easily. With a more accessible credit line, you’ll be able to make purchases for business on the go. Keep track of your purchases. Email Address. GET our EBOOK HERE.
Technology Services. Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. SupplyChain Management. The Infosys global supplychain management blog enables leaner supplychains through process and IT related interventions.
This includes receiving order tracking credentials seconds after purchase, looking up shipment status on any device at any time, and receiving real-time shipping updates at all stops along the package’s journey – even the last mile. Central to B2E is a customer-centric model that puts client experience above all else. Text alerts.
Coming on top of a very difficult and complex existing situation, Covid-19 has put additional pressure on profitability and capital requirements in the banking sector in the European Union and Africa, with drops in revenue in the order of 35-45% and the lowest return on equity since the aftermath of the great crash of 2008.
If there’s anything we’ve learned in the last year, it’s that prediction is not only much more complicated than it looks, and that the volatility and uncertainty that exists in the global supplychain operating environment is making life a whole lot LESS unpredictable.
WERC’s Annual DC Measures Survey is a great tool for benchmarking your distribution center and warehouse operations, but it’s also a valuable resource for identifying trends across the industry. This year’s survey showed the growing importance of labor-related metrics in assessing DC performance. Annual workforce turnover.
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