Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 279

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Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. The goal of this process is to reduce inventory, increase transaction speed and improve work flow with profit in mind.

Supply Chain Design Software 72

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Enterra Insights

NOVEMBER 5, 2018

For example, at the NRF’s 2018 Shop.org conference, CVS Pharmacy President Kevin Hourican, told participants, “Retail isn’t dead. For businesses, this means that an efficient supply chain with a well-managed inventory tracking system is essential. Bad retail is dead.”[2]. ”[2]. Thus, they are always a step ahead.

Retail 100

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Enterra Insights

NOVEMBER 29, 2018

A supply chain is an end to end process which typically begins with the sourcing of raw materials and concludes with the sale of a good to the final customer.”[1] Gone are the days when procurement and merchant organizations alone competed for market share. ” 3. ” Neurochain , 11 September 2018. [2]

Optimal Sourcing 100

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Supply Chain Shaman

OCTOBER 8, 2019

Granular data by volume is a must to be able to manage replenishment, network design, and inventory targets. A simplistic view is that supply chain excellence is the trade-off of cost, inventory and customer service. The two primary buffers in the supply chain are manufacturing capacity and inventory. Time horizon. The takeaway?

Supply Chain Design Software 183

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Enterra Insights

JUNE 11, 2018

.”[1] What Potts discovered was that people living near the lake used tools made from obsidian and the nearest source of that stone was over a hundred miles away. The amount of obsidian discovered near the lake makes it unlikely the local population was self-sourcing. ” Supply Management , 4 April 2018. [2]

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IQMS

OCTOBER 18, 2019

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp., no opt-in). 15th, 2017 (PDF., no opt-in).

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Talking Logistics

JANUARY 8, 2018

The reality is that supply chain management is not just about managing orders and transportation and inventory — it’s about doing all those things while also navigating through the many risks that could disrupt your supply chain or bring it to a halt. What are some of the biggest supply chain risks companies face today?

Supply Chain 103

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Requis

AUGUST 13, 2020

When we share these numbers, people are consistently astounded to learn how big they are: $189 trillion: the total value of assets owned by the Global 2000 in 2018, according to Forbes. $12 12 trillion: the annual procurement spend by the Global 2000 (our estimate based on several sources, see image below). $3

Optimal Sourcing 64

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Enterra Insights

JULY 28, 2020

”[2] The explain, “Traditional supply chains, reliant on manual processes, simply cannot keep up with the pace of today’s market; the processes for balancing inventories and forecasting used ten years ago are quickly overwhelmed. ” When dealing with clients, we often find getting the right data can be difficult.

Supply Chain Planning Software 100

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IQMS

JULY 11, 2019

The ten ways machine learning is revolutionizing manufacturing in 2018 include the following: Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations are is achievable with machine learning. Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp.,

Manufacturing Procurement 42

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ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

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Requis

MARCH 10, 2020

Paul Hawken’s 1993 book “ The Ecology of Commerce ” has many more examples (mostly from Europe) of companies that use waste products from other industries as cheaper alternatives to raw materials and even energy sourcing. Forbes says that t he Global 2000 owned $189 trillion in assets as of 2018. That’s 52.5%

Manufacturing Procurement 52

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NC State SCRC

MAY 27, 2021

The majority of the people working within it were inventory logisticians, not supply chain logisticians. In 2017, the composition of the SNS inventory was largely determined by the Public Health Emergency Medical Countermeasures Enterprise (PHEMCE), which issued a strategic plan outlining the key areas for inventory investment.

Optimal Sourcing 52

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Enterra Insights

JUNE 13, 2019

To counterbalance such potential negative effects, companies should pay just as much attention to a less appreciated source of competitive advantage: resilience.”[1] ” He suggests focusing on forecasting, inventory, supplier relations, and market awareness. Cognitive technologies can help in each of those areas as well.

Supply Chain Design Software 100

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GlobalTranz

JULY 30, 2018

The Applications of Blockchain Are Growing, And Supply Chain Execs Need to Know Where to Look The applications of the use of blockchain in supply chain and logistics platforms are under development, but 2018 is expected to be the year when such technologies reach the masses.

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DynaSys

DECEMBER 8, 2021

And since end of 2018, ESSILOR merged with LUXOTTICA, the World Leader of Luxury and Sports Eyewear. The goal with production restart was not to produce too much of the wrong inventory. These difficult events allowed us to extend our S&OP with the materials procurement department, which is now a strength. What about Essilor?

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ShipBob

SEPTEMBER 25, 2023

The 2018 Farm Bill legalized hemp production across the US, which is great for sellers because CBD is produced from industrial hemp. Due to the aforementioned 2018 Farm Bill, CBD is legal in the U.S. Your best bet is to simply sell the industrial hemp-sourced CBD, as it won’t have high THC levels and is accepted across the nation.

How To 98

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Unleashed

OCTOBER 27, 2020

One in 10 medical products is substandard or falsified in low- and middle-income countries according to World Health Organisation (WHO) estimates from 2018. These are medical products that deliberately/fraudulently misrepresent their identity, composition or source. Combating Counterfeiting in the Medical Device Industry.

Manufacturing Procurement 105

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Supply Chain Matters

APRIL 18, 2022

According to the announcement , Amoretty joined the company’s senior leadership team tasked to develop a production, operations and procurement vision for its supply chain to ensure multi-year growth, product line expansion plans and profitability. Augusti will also report to Carhartt President and COO Linda Hubbard.

Modeling 52

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Supply Chain Matters

APRIL 14, 2023

Venti was founded in 2018 by a team with strong MIT roots, including Chief Executive Officer Dr. Heidi Wyle, Chief Scientific Officer Dr. Xinxin Du, and MIT electrical engineering and computer science professors Daniela Rus, Director, Computer Science and Artificial Intelligence Laboratory (CSAIL) and MacArthur Fellow, and Saman Amarasinghe.

Supply Chain Design Software 52

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NC State SCRC

JANUARY 18, 2018

In a prior post on 2018 supply chain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. Lenovo Excess and Obsolete Inventory. Metrics should be focus on managing a bank’s Procurement and Payment Program, not on managing individual vendors.

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Enterra Insights

FEBRUARY 6, 2020

Finished goods inventory? Roy Anderson ( @procureguyvp ), Chief Procurement Officer and Digital Transformation Officer at Tradeshift, insists, “Sixty years of relative stability in global trade encouraged businesses to build efficient but highly rigid supply chains that minimize cost but make it difficult to adapt quickly.”[4].

Supply Chain Planning Software 100

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ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement. Rethink What’s Normal.

Optimal Sourcing 130

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Supply Chain Shaman

MARCH 3, 2018

On Wednesday morning, when I finished speaking at the Foundation for Strategic Sourcing in Fort Lauderdale, an executive from J&J pulled me aside and said, “Our strengths, are now our vulnerabilities.” We hope to see you at the Supply Chain Insights Global Summit on September 4-7, 2018 in Philadelphia, PA.

Supply Chain Design Software 151

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Enterra Insights

JULY 31, 2019

Multinational enterprises deal with a dizzying array of paperwork involving procurement deals, purchase orders, shipping data, etc. 2] David Pereira, “ No Trend to Ignore: Supply Chain’s Digital Shift ,” Global Trade , 28 March 2018. [3] The modern supply chain is mind-boggling. ” Footnotes. [1] ” Footnotes. [1]

Supply Chain Planning Software 100

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SCMDOJO

JANUARY 30, 2023

Brian Krzanich Brian Krzanich, a former CEO of Intel Corporation, served in this position from 2013 to 2018. Still, during his tenure at Ford, he is credited with implementing new logistics and supply chain management strategies, including consolidating suppliers, streamlining production processes, and improving inventory management.

Supply Chain Design Software 123

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Jaggaer

MARCH 10, 2020

As talk of “ autonomous procurement ” increases , critics are quick to dismiss the idea. Over the next five to ten years, procurement will be largely reimagined as technology continues to advance. Autonomous procurement is coming and leaders will embrace it. . What is autonomous procurement? Here’s why: .

Procurement Solutions 59

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Supply Chain Matters

JUNE 21, 2022

As inventory-to-sales ratios dropped to near record lows, inter-modal logistics networks were forced to try to manage and synchronize essentially just-in-time material movements which were out of sync in many important dimensions. business logistics costs for 2021. . Specific Highlights. Now the scenario has flipped. percent in 2020 to 3.7

Logistics Network Optimization Software 52

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Supply Chain Shaman

DECEMBER 4, 2018

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. Meet Ernest.

Supply Chain Software 33

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Supply Chain Shaman

DECEMBER 4, 2018

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. Meet Ernest.

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New Horizon Supply Chain Blog

MAY 25, 2022

Source: Data from USDA Economic Research Service Food Expenditure Series. After all, if they are in the business of procuring and distributing food, and consumers are spending more and more of their food dollar in foodservice establishments, why not distribute food to restaurants to meet the consumer where they are?

Distribution 52

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Aera Technology

AUGUST 16, 2018

For 2018 and beyond, the pharma supply chain will need to venture into the world of digital transformation. Spreadsheets are still prevalent and data is still siloed in ERP, MES, LIMS, and other external “outside-in” sources. while those who do not will lag. do not actually have full insight into their supply chains from end-to-end.

Pharmaceutical 40

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GlobalTranz

DECEMBER 7, 2015

Instead of setting up brick-and-mortar stores, or keeping inventory on hand, you can start offering this new product on your new store. Manufacturers will be able to improve their inventory due to the information presented by both supply chain and operations data. Between 2015 and 2018, it is estimated that about 1.3

Manufacturing Procurement 120

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FLEXE

OCTOBER 11, 2018

With FLEXE, Lull gained a software platform to manage inbound and outbound shipments while tracking real-time inventory levels across their FLEXE network of fulfillment centers. Visibility and control over shipment trends and inventory levels helps the Lull team make more informed decisions on inventory allocation and management.

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Cognira

MAY 19, 2021

Replenishment usually did not include promotional inventory, and stores were burdened with monitoring and management. Ordering inventory for promotions manually, with a limited understanding of forecasts. billion redeemed, this was down 12%, and 24% percent from 2018, respectively. Vendor’s Perspective.

Manufacturing Procurement 52

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Supply Chain Game Changer

NOVEMBER 17, 2018

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. © Copyright Mortson Enterprises Inc, 2018.

Gartner 74

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