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In my day-to-day work in supplychain management, I find more encounter more opinions than facts. …most discussions are fueled by over-zealous and self-serving marketing programs. Downsizing inventories over the past decade crippled the response.” Days of Inventory Peer Group Across Time Periods. Reflection.
Emerging technologies like chemical recycling and pyrolysis are opening new avenues for material recovery, while the shift to electric vehicles is driving research into battery refurbishment and second-life applications. However, these challenges also present opportunities for innovation and growth.
When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. When the pandemic started in 2020, no one could foresee the impacts of the global supplychain disturbances would last this long.
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.
With supplychain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. As COVID-19 continues its malevolent spread around the world, concerns grow regarding the continued impact on supplychains and business continuity.
Over the course of the last two years, we at SupplyChain Insight s have worked on a methodology to gauge supplychain improvement. We named it the SupplyChain Index. We have found that supplychain metrics are gnarly and complicated.During Background on the SupplyChain Index.
Last week was the SupplyChain Insights Global Summit. 110 supplychain leaders attended. In preparation for the summit, we readied the final report of the work on translating balance sheet results into a methodology to judge SupplyChain Excellence. A big bang technology focus has not worked.
In the last six months, in my travels, I have presented to supplychain teams in China, Belgium, France, Germany, Peru, Mexico, Netherlands, South Africa, Singapore, and the United Kingdom. I strongly feel that if I am going to cover the global supplychain that I need to experience it. A Personal Reflection.
If you want to stay ahead of your competition, take the step beyond the traditional approach to supplychain. It takes a completely different supplychain architecture that focuses on sensing, shaping and driving an intelligent response. As supplychains extend globally, they become more complex.
Over the last two decades the company successfully leveraged global scale to define supplychain leadership. With 12,000 supplychain employees operating in 80 countries with 2400 storage facilities, supplychain excellence and innovation are the foundation of corporate performance. BASF creates chemistry.
This week, I will speak at Llamasoft’s conference on improving supplychain network design. One of the reports that I am writing is on the state of SupplyChain Planning (SCP). In the recent study of the Voice of the SupplyChain Leader , we find that the gaps are large, and growing.
Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. An advanced inventory planning and optimization solution allows these companies to set and maintain precise stock targets across a global network. Reductions in Profit Growth.
As Founder and Managing Editor I am pleased to announce that Cloud based supplychain planning and synchronization solutions provider Kinaxis® will again serve as a Sustained Sponsor of this independent thought leadership platform in 2025 and 2026.
Ben Gordon and Joe Lynch discuss 5 trends shaping logistics and supplychain. In the interview, Ben reviews and discussed trends and interesting companies in ecommerce, final mile, cold chain, reverse logistics, and fulfillment. He draws on a career building, advising, and investing in supplychain companies.
Many companies talk about SupplyChain Excellence, but most leaders struggle to define it. One supplychain leader, in a discussion last week, likened supplychain excellence to fitness. He felt that supplychain excellence was analogous. As a goal, it is easier to say than to define.
In the 1990s, I transitioned from managing an emerging supplychain organization at a mid-sized manufacturing company to working for a supplychain planning company. When I joined the software company, I had just finished my MBA at Wharton School of Business. And “Companies do not have one supplychain, but many.
Here is the list: Supplychaintechnology implementations have reduced inventory. Companies should implement supplychain best practices. Companies that have focused on collaboration in the supplychain have built competitive advantage. Supplychain excellence matters.
To drive global scale, companies need to design the supplychain to buy globally and execute locally. The design of the supplychain is fundamental to making this happen. In our interview of the SupplyChains to Admire Winners, we found a unique approach at Carter’s. SupplyChain Index.
Financial balance sheet improvements cannot be driven by traditional supplychain processes. In the words of a supplychain leader yesterday, “Lora, please give me stories of success. When I first met Nick, he was driving a supplychain transformation at VTech Communications. Inventory Turns.
The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. Explore Modern End-to-End SupplyChain for Real Business Growth. FREE EBOOK.
In the 1990s, I transitioned from managing an emerging supplychain organization at a mid-sized manufacturing company to working for a supplychain planning company. When I joined the software company, I had just finished my MBA at Wharton School of Business. And “Companies do not have one supplychain, but many.
In business conversations, the term supplychain excellence rolls off the tongue frequently in meetings, but what does it mean? Supplychain excellence is harder to define than to say. We designed the SupplyChains to Admire Methodology to help companies define supplychain excellence.
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.
In the process of compiling the SupplyChains to Admire report for last year’s SupplyChain Insights Global Summit , the research team at SupplyChain Insights calculated the rate of supplychain improvement of companies by industry for the period of 2006-2013 and 2009-2013.
As demand and supply volatility increases, the goal is to build a flexible supplychain system. The definition is one that can deliver the same cost, quality and level of customer service with the increase in demand and supply volatility. It is a careful balance between change management and technology evolution.
Each year at SupplyChain Insights we study performance and improvement of companies in each industry. Note that neither company is making progress at the intersection of operating margin and inventory turns. Performance of BMS and Merck at the Intersection of Inventory Turns and Operating Margin.
Last week was the exciting inaugural kick-off of the Gartner SupplyChain Planning Summit. If you were there, you likely sensed the electric atmosphere in the large crowd flocking to Denver, eager to learn and energized by the possibilities for supplychain and business transformation in the coming year.
Let's take a look at the absolutely fundamental importance of the software systems that underpin DC operations: Warehouse Management Systems (WMS). These systems are the brains that help retail operations stay ahead of the competition, by enabling the addition of new automated systems. Warehouse Control Systems (WCS).
Treading Water in the Real World: Managing Costs for the SupplyChain Leader. In a large company, the average supplychain leader manages hundreds, even thousands, of cost reduction programs simultaneously. Over the last decade, managing costs in the supplychain is becoming more and more difficult.
Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supplychain. This process involves handling returns, which can be due to various reasons, such as damage, defects, seasonal inventory, restock, salvage, recalls, or excess inventory.
It was a relatively quiet week for supplychain and logistics news, with robots and weak freight demand dominating the headlines. Honeywell To Acquire Intelligrated, A Leader In SupplyChain And Warehouse AutomationTechnologies. Nordstrom Buys Stake in Software Firm (WSJ – sub.
Nearly three years ago to the day, I wrote that vertical farming was going help with supplychain efficiency. Moller – Maersk is turning to flying drones to manage inventory counts in its warehouse network, the Danish firm said. GW of energy to create a reaction in the flux capacitor to send Marty McFly back to the year 1985.
The evolution to using artificial intelligence and machines that learn in supplychain planning is inevitable. In fact, there are early examples of the potential of AI to improve both supplychain planner efficiencies and provide better or optimized supplychain decisions. And if so what's involved?
With visibility as the key driver for an effective supplychain improvement strategy, businesses today must rely on building collaborative relationships in their extended supplychains to gain visibility from end-to-end. Today’s technologies are allowing all the stakeholders in the supplychain to share a single network.
Ben Gordon and Joe Lynch discuss 5 trends shaping logistics and supplychain. In the interview, Ben reviews and discussed trends and interesting companies in ecommerce, final mile, cold chain, reverse logistics, and fulfillment. He draws on a career building, advising, and investing in supplychain companies.
Supplychain leaders are competitive. They want to drive supplychain excellence; but today, the definition is not clear. At the time, I was a new analyst at AMR Research and the concept of scoring supplychains was new. Inventory Turns (15%) (based on 2014 results). Reflection. Companies compete.
by Bill DuBois If you had anything to do with supplychain planning in the early days of enterprise resource planning (ERP), you may consider those years the “good ol’ days”. Aligning the supply plans to these new volatile demand profiles was no easy achievement. However, none of this physically destroyed your supplychain.
For December 2015, retail sales were the lowest since 2009. Retail was slow to adopt supplychain processes to drive new business models; and as a result, traditional retail redefinition of supplychain processes got caught in the omni-channel hype while Amazon worked its magic to become a market leader.
Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. S = Cost per order.
I’ve spent most of this week in Dorking, England (not far from London) meeting with executives from Paragon Software Systems and several of its customers (I’ll share my takeaways from the visit, including my video interviews with clients, in a future post). Amazon Looking to License or Acquire Freight-Management Technology (WSJ-sub.
The average manufacturing company’s supplychain organization is 15 years old. Historically, the traditional supplychain focused on improving costs. Today, more mature supplychain teams focus on delivering value. Typically, it is a lack of common definition on what defines supplychain excellence.
Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. The pull-based method relies on the ability to replenish the “pulled” demand.
Who said supplychains are boring? Whenever I tell a friend, colleague or family member about my job as soon as the words "supplychain" are muttered I immediately see glassy eyes followed by a yawn or two. Thursday, February 19, 2009. Recognition in India for SupplyChains Rock. Subscribe To.
Introduction Founded in 2009, Rivian Automotive, Inc. is an American electric vehicle manufacturer and automotive technology company which has emerged as a prominent player in the highly competitive automotive industry. The production setbacks experienced by Rivian had a direct impact on its reputation and supplychain.
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