Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #7 Making decisions based on bad data (supply chain data accuracy).

Supply Chain and Logistics Predictions for 2016

Talking Logistics

For example, 3PLs and software vendors did pay more attention to serving the needs of small and mid-sized businesses (SMBs) and companies in the Energy and Process Industries (see TMS for SMB: Breaking Down the Barriers , Oil & Gas Companies Focus on Eliminating Supply Chain Waste , and Collaboration and Optimization in the Oil & Gas Industry ). Making supply chain and logistics predictions is like throwing darts at a moving target.

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Know sooner, act faster and accelerate your supply chain performance!

Kinaxis

by John Westerveld When things happen in supply chain, knowing sooner and acting faster can mean the difference between a major catastrophe and a minor hiccup in your supply chain performance. Imagine this scenario; you are a supply chain executive for a major U.S.-based It’s a Sunday morning in May 2008. Can you imagine your supply chain planning team being able to pull this off? appeared first on The 21st Century Supply Chain.

How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! Digital Supply Chain evolve article and permission to publish here provided by Megan R. People often position the digital supply chain as essential for helping today’s businesses succeed. What a digitized supply chain entails, though, changed over the years due to the evolution of technologies and how people use them. Subscribe Here! Email Address.

Fishing for Supply Chain: How Red’s Best is Transforming Supply Chain Management

Kinaxis

by Kevin McGowan A recent New York Times article demonstrated that supply chain management innovations can come from some unexpected places. This simple idea has transformed fishery end-to-end supply chain management , and other organizations are starting to follow suit. This beats the paper-based system, and allows purchasers to track a fish-specific barcode so they know who caught it, where they caught it, and where that fish is going in the supply chain.

A Tale of Two Procurement Books: Cox’s Sourcing Portfolio Analysis (Cox) & Strategic Sourcing in the New Economy (Keith et al.)

Supply Chain View from the Field

Andrew Cox’s new book “Sourcing Portfolio Analysis” represents the more traditional “power-based” view of procurement. The book relies on a series of prescriptive two by two matrices, that are further segmented into eight by eight matrices, that establish different typologies for supplier segmentation, The application of these frameworks to the universe of buyer-seller relationships I proposed (ostensibly) to lead to improved sourcing outcomes…for the buyer!

Integrating Corporate Social Responsibility into Your Supply Chain

Logility

In the wake of the financial crisis of 2008–2010, CSR again became a focus for evaluating corporate behavior. CSR in Your Supply Chain. CSR opportunities can be found across the entire supply chain in many different forms, including vendor compliance, quality management and sustainability as a whole. Prioritization of compliant suppliers allows companies to utilize supply chain capabilities to increase sustainability. Sources: [link].

Supply Chain Talent: Insights from CSCMP Annual Conference

Talking Logistics

“The biggest mistake companies make as they’re growing is leaving supply chain management and human resources behind.”. Howard Schultz, the CEO of Starbucks, shared that insight during his keynote address at last week’s Council of Supply Chain Management Professionals (CSCMP) Annual Conference. His point was that you need great people and a world-class supply chain to effectively grow a company, but many companies underinvest in those areas until it becomes an issue.

Oil & Gas Companies Focus on Eliminating Supply Chain Waste

Talking Logistics

For the past few years I’ve been using that phrase, which you typically find in investment literature, when making the case for innovation in supply chain management. As the table below shows, back in 2008, the U.S. This rapid growth followed by market decline has led oil and gas companies to finally face reality — i.e., that they need to move up the supply chain maturity curve to enable profitable growth moving forward.

Andrew Cox’s “Sourcing Portfolio Analysis”: More of the Same

Supply Chain View from the Field

Against the many new articles and books being produced on the changing face of procurement and the importance of value creation and collaboration, Andrew Cox’s new book “Sourcing Portfolio Analysis” came out earlier this year. The book is essentially a series of prescriptive 2 X 2 and 8 X 8 matrices that establish different typologies for supplier segmentation, that ostensibly can lead to improved sourcing outcomes.

Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. Investors, like the public, have woken up to the fact that supply chains are the engine driving economic prosperity. Supply chain, it seems, is ripe for disruption.

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

“We will see $300 a barrel — or roughly $250 in today’s dollars — because oil supply will be so short. 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 ). Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions.

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Building Recession-beating Supply Chain Resilience & Agility

Unleashed

Confronted with a pandemic, we’ve seen global supply chains struggle to cope with the consequences of isolation and work-from-home orders. How to build resilient supply chains. The last global recession was in 2008, leading some economists to believe the next one is overdue. Source. It may also indicate supply and demand are imbalanced. Source. How to build a resilient supply chain in the face of a recession. Source.

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7 Best Supply Chain Books of All Time

Supply Chain Opz

In this article, we rank books based on their influence, popularity, recency and practicality and then we come up with the list of the best supply chain books. Finding Best Supply Chain Books We've found that most recommendations for on the web are based on just personal opinion. Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. 2008).

How COVID – 19 Might Shape the Future of China Sourcing and Manufacture

Logistics Bureau

COVID-19 and the Future of China Sourcing and Manufacture. The disruption to global supply chains caused by Beijing’s decision to close factories and lock down cities to contain COVID-19 has jolted Western companies into rejigging their supply chains, with economists predicting that globalisation as we know it will never be the same again. The Pros: Strong supply chain and logistics culture. Covid 19 Global Sourcing

A “Swiss Army Knife” of Supply Chain Talent Requirements: Views from a Former Wolfpack Student

NC State SCRC

Stuart William was in one of my former MBA classes at NC State in 2008, and graduated into one of the worst economies ever in May of 2009. He started in supply planning, overseeing over $100M of spend in batteries and other categories. Marsh did not have centralized approach to supply chain management. But because of their less mature supply chain organization, the net income percentage was in the low single digits.

Is Your Supply Chain Ready for the Recession?

Enterra Insights

“The rapid spread of the Covid-19 virus is already having a huge impact on the global economy,” writes Peter Dizikes, “which is rippling around the world via the long supply chains of major industries.”[1] In the case of the current pandemic, things like globalization, population growth, extended supply chains, and frequent travel were prologue to the current crisis. ” Making supply chains recession resilient.

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Can Blockchain Unblock Supply Chain?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What Supply Chain Management problem does this solve? The biggest problem in the transitional supply chain is lack of open and trustworthy information availability across the supply chain caused by multiple issues – trust, technology and legacy practices being the top ones. What’s the difference between a traditional supply chain and the one structured on Blockchain technology?

Top 2016 Supply Chain Strategy Posts from the Supply Chain Link Blog

Arkieva

Over the past year, the Arkieva Supply Chain Link Blog provided thought leadership and informative posts on supply chain strategy tips, trends, and news. Just in case you missed some of our supply chain strategy posts , we’ve compiled a list of our popular supply chain posts from 2016 below (ranked based on shares and views). Here is a list of the Top 20 Supply Chain Strategy Blog Posts from 2016. Happy new year!

How do we Drive Invention to Innovation in Planning?

Supply Chain Shaman

As I whirl past the factories in the car, it makes me think about the adoption of supply chain planning. My Journey with Supply Chain Planning. My journey with supply chain planning started quite innocently. Through this work, I was noticed by a supply chain planning firm. At the time, I had never heard of a technology category of supply chain planning. Adopting Invention and Driving Innovation in Supply Chain Planning.

What are the Impediments to an Effective Global Trade?

Global Trade Management

By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. Monday, 4 August 2008. Port Operators: As choke points in the physical fulfillment of a trade, Port and Terminal Operators, like Vessel Operators, dictate the throughput of trade, the efficiency of fulfillment and the effective impact of consignee supply chain optimization initiatives. ▼ 2008. (7).

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Global Cargo Monitoring / Cargo Tracking: US CBP suspends GTX.

Global Trade Management

By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. Friday, 4 April 2008. Ahern discussed the progress CBP has made in implementing its various supply chain security programs, but he pointed out that these efforts are focused on the ocean environment and that there are other areas that need to be addressed as well. Thursday, April 10, 2008 12:45:00 am.

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Global Cargo Monitoring / Cargo Tracking: Seeking Sustainability on.

Global Trade Management

By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. Monday, 14 January 2008. Global warming, food and product recalls, energy costs and consumer demand for fair trade practices are driving global importers to actively manage the sourcing of their products, requiring closer scrutiny and control. ▼ 2008. (7). Global Cargo Monitoring / Cargo Tracking.

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Supply Chain Disruptions: A Survival Guide - SupplyChainOpz

Supply Chain Opz

Supply Chain Disruptions: A Survival Guide. Do you feel supply chain risk management is too complicated to implement? This article will show you how one of the worlds leading companies put a theory into practice and survive many supply chain disruptions. Its OK if you feel overwhelmed by supply chain risk theories because youre not alone. There are so many sophisticated methods to analyze supply chain risks. NAVIGATE. Basics.

7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. This operation was proving too costly and too slow, so the company launched an initiative to achieve a 10% supply chain cost reduction within four years.

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

DELMIA Quintiq

However, if they take a closer look, they will find that there are significant benefits to supplier diversity – not only for suppliers and their supply chains, but also for their business. Gwendolyn Whitfield’s article on supplier diversity as a competitive advantage showed that there are over 2 million minority firms in the US that have been generating $205 billion in sales annually, from as early as 2008. Supply Chain Planning & Optimization

Introducing the Masters of Supply Chain Engineering and Management (MSCEM) at NC State

Supply Chain View from the Field

In 2008, Jim Owens, the Chairman and CEO of Caterpillar, gave the Poole College of Management a $2.2M gift to support the Supply Chain Resource Cooperative. Part of the mandate Mr. Owens wanted was to establish a joint program with industrial engineering in the supply chain area. This year, the Poole College of Management launched the program, which is called the Masters of Supply Chain Engineering and Management.

Rockwell Automation: Supply Chains to Admire Winner

Supply Chain Shaman

For the past five years, the team at Supply Chain Insights identified Supply Chains 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). In 2018, Rockwell Automation won the Supply Chains to Admire Award. To understand the journey, we interviewed Ernest Nicolas, head of the global supply chain at Rockwell to gain insights.

Handfield’s Top Supply Chain Predictions for 2016

NC State SCRC

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 supply chain operating environment is making life a whole lot LESS unpredictable. These insights have produced the following predictions about what the leading companies will be pursuing in terms of competitive supply chain strategy in 2017.

6 Common Supply Chain Mistakes and How to Resolve Them

AFFLINK

Successful supply chain 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. Recent changes in supply chain solutions include building to order and obtaining supplies just before they're needed, resulting in a greater dependence on lead times.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Source: Dictionary.com. As supply chain 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 supply chain.” The discussion of customer-segmented supply chains happens often. Most supply chain planning teams do not know their customers. SanDisk’s Journey to Build a Supply Chain Customer Segmentation Strategy.

What’s the Difference Between Blockchain and Supply Chain?

Supply Chain Game Changer

The 5 Levels of Supply Chain Transparency! The phrase “Supply Chain Management” was first coined in 1982. The idea of a “Blockchain” was conceived in 2008 although the concept of a chain of blocks began as early as 1991, and use of the word Blockchain itself has only become popular in the last few years. ” (Source: [link] ). ” (Source: Wikipedia [link]. appeared first on Supply Chain Game Changer™.

How to run a supply chain war room that's ready for anything part 2: Planning for and preventing risk

EFT

This week, we will delve into the practicalities of creating and supporting a supply chain command and control structure that can cope with the worst the world can throw at it.

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Offering Prayers While Looking Down the Barrel of a Gun

Supply Chain Shaman

The PCA Corporation lost their case in the court of public opinion in 2008, but the federal conviction is seven years later. We are watching the redefinition of the principles of safe and secure supply chains and corporate liability. PCA was a small player in a complex supply chain of big brands. In 2008, the company manufactured 2.5% The issue spanned across the value chain and impacted over 300 companies and 3900 products.

Rockwell Automation: A Case Study in Supply Chain Excellence

Supply Chain Shaman

For the past five years, the team at Supply Chain Insights identified Supply Chains 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). In 2018, Rockwell Automation won the Supply Chains to Admire Award. To understand the journey, we interviewed Ernest Nicolas, head of the global supply chain at Rockwell to gain insights.