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Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

At Supply Chain Insights , as we combed through over 9000 quantitative responses on supply chain management from business leaders to understand what drives supply chain excellence in preparation for the Supply Chain Insights Global Summit , in the process, we proved Hau Lee’s theorem in the Famous Harvard Business Review Article, “Triple A Supply Chains.” First, great supply chains are agile.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

We salute the year’s top advancements in supply chain technology and processes. After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. Source ID. Source ID.

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Top 25 Supply Chains of 2018

Material Handling and Logistics

Our look at the Top 25 (plus 4) Supply Chains of 2018 examines how the best companies in the world excel at managing their global supply chains. One of the most popular articles we’ve ever done is our look at analyst group Gartner’s annual ranking of the Top 25 Supply Chains. So the CSR score too is more of a popularity contest than a consistent metric. Source ID. Source ID. Source ID. Source ID. Source ID.

Building the Business Case for Supply Chain Risk Management

Cerasis

Naturally, to take advantage of this opportunity, you will need a well-functioning supply chain, which you happen to have. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Without a doubt, managing supply chain is nothing but easy.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

The traditional supply chain leader focused only on cost reduction. Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. Cash-to-cash is a compound metric.

Global Trends in Digital Supply Chain - 2018 Review

Abivin

The year 2018 saw the increasing use of advanced technology to give more intelligence to logistics operations. At the same time, companies are putting more effort in the environment aspect and sustainability of the supply chain. With the end of 2018 approaching, let’s look back with Abivin at some of the most prominent trends in supply chain management. But what happens when you can’t process a huge amount of data coming from different sources?

Overcoming obstacles to integrating finance with supply chain operations

Kinaxis

In my earlier blog , I explored how integrated business planning (IBP) can help bring together finance and supply chain operations. IBP helps achieve key performance indicators (KPIs) like sales, customer satisfaction, inventory level and other metrics outlined in the strategic plan. 74% supply performance. Integrating finance into your supply chain operations is no easy feat. Linking financial metrics (revenue, margin, cash flow, etc.)

Using Data to Improve Supply Chain Operations

Material Handling and Logistics

Learn how to organize your data operations in alignment with supply chain strategy. Forward-thinking supply chain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. Cloud-based supply chain management tools, the Internet of Things (IoT), artificial intelligence (AI) and machine learning are expected to figure prominently in future supply chain operations.

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New Findings from the Gartner Supply Chain Users Wants and Needs Study

ToolsGroup

The annual Gartner Supply Chain Technology User Wants and Needs Study is one of the most comprehensive studies of supply chain users. Here are a few: Supply chain maturity, performance and technology use are clearly linked – Gartner says, “Without question, higher maturity supply chains use, invest in and exploit technology to gain competitive advantage. Convergence of supply chain planning and execution.

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Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Gartner recently announced their 2018 Top 25 Supply Chains List. But as I review the list, compare it to prior years, and consider the scoring methodology I do wonder whether the list in its current form continues to be relevant for identifying the best of the Supply Chain. The 2018 Gartner Top 25 Supply Chain List. The Gartner Top 25 Supply Chain list has now been released for 14 consecutive years. Source: Gartner.

Making Sense of Supply Chain 4.0

Material Handling and Logistics

In supply chain management, it was all anyone could talk about. Every article discussed the importance of digitally transforming the supply chain. In essence, the question I had was: If “transformation” implies a dramatic or radical change, then how does your supply chain “dramatically change” with digital transformation? . Using First Principles to Understand Digital Supply Chain Transformation.

Rating Sustainability Performance: An Essential Business Metric

EcoVadis

Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. EcoVadis sustainability ratings and scorecards help procurement teams monitor supply chain Corporate Social Responsibility (CSR)/ESG practices across 190 sectors and 150 countries.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. There are a myriad of processes, controls, conditions and situations that need to be managed to ensure that your products are sourced consistent with your expectations.

Demand-Driven Transformation at Shell

Supply Chain Shaman

Located in the United Kingdom (UK), he has more than twelve years of experience in progressive roles driving demand-drive projects for their global supply chain. At the Supply Chain insights Global Summit , Nick shared his story on driving demand-based improvements. Nick strongly believes that it is insufficient to drive supply chain improvement through incrementalism. Understanding the Lubricant Supply Chain. Trade-offs in the Supply Chain.

Go Boldly Together: Takeaways from Nulogy xChange 2018

Talking Logistics

This unprecedented change, and the challenges and opportunities it creates for CPG companies and suppliers, was a hot topic of conversation at the Nulogy xChange 2018 conference a few weeks ago where I delivered a keynote presentation and moderated a panel discussion with industry executives (more on that later). . Nulogy xChange 2018: Why Courage is So Important Today. Source: Nulogy.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Supply chain disruptions are inevitable, whether resulting from natural disasters, technical failures, worker strikes, or other unforeseen incidents. And as supply chains have become increasingly diffuse over time, the likelihood that disruption in one region will have consequences that reverberate across the globe, is higher than ever before. What can supply chain managers do to ensure that action is taken quickly and efficiently when disruption strikes?

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Back at work, getting caught up on all of the supply chain and logistics news from the past two weeks. Customer Experience is Driving Supply Chain Innovation, Says Report from BluJay Solutions and Adelante SCM. Cass Truckload Linehaul Index (July 2018). Back in January, IBM and Maersk announced plans to form a joint venture focused on “applying blockchain to improve global trade and digitize supply chains.” I’m back from vacation.

Collaboration and Visibility in the Supply Chain

Oracle SCM

One of the Supply Chain Management trends apparent at the Gartner Supply Chain Executive Conference in May was highlighted by several vendor/customer presentations focused on the value of Collaboration and Visibility projects. In a previous role, I was involved very early in what we deemed a ‘Supply Chain Performance Management’ software startup. Events Oracle Supply Chain Management Supply Chain Management Supply Chain Planning

Supply Chain Risks: Which Are Top of Mind Today?

Talking Logistics

If you were to add a subtitle to every supply chain professional’s job description it would be Risk Manager or Risk Mitigator. 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?

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

The age of digital transformation is now fully upon us and from a business perspective one of the most active areas of change, impact and opportunity is in supply chain management. Global supply chains are one of the longest and most complex of business process systems due to the many moving parts, multiple transfer points, diverse company types/players involved and the sheer length of these supply chains.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

Supply Chain professionals however are uniquely positioned to make dramatic impacts on the environment. In Supply Chain we are involved in the entire breadth of activities in most any company. As such we have the direct or indirect ability to take actions which can promote environmental sustainability, reduce carbon footprint impacts, and drive the creation of the Green Supply Chain. The Supply Chain Environmental Model. Subscribe Here!

Supply Chains Need to Transform: Into What?

Enterra Insights

I read a lot of articles about the need for supply chain transformation. Dan Gilmore, editor-in-chief of Supply Chain Digest , asserts supply chain transformation is only beginning to catch the attention of many CEOs. Gilmore writes, “While there [is] some recognition of the role of supply chain in growth, it [is] very hard to measure. What is much easier to measure is cost — so that’s what drives the metrics and incentives.”[1]

It’s not just supply chain planners who benefit from improved S&OP

Kinaxis

Improving S&OP means breaking down silos, connecting disparate data sources, exploring what-if simulations and developing cross-functional collaboration. If you’re an executive, that translates into the ability to see a complete picture of the entire supply chain in an instant, with the most up-to-date data and changes reflected. Instead of working to individual or functional metrics, the entire organization aligns to key financial goals. by Alexa Cheater.

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Building the Business Case for Digital Transformation of Supply Chain Planning

Logility

In almost every new supply chain focused industry periodical, you will find an article discussing transformation or digitization. As a supply chain practitioner it is critical to understand what digital supply chain planning looks like and how to ensure your supply chain is on the right transformational path. Digital transformation of supply chain planning capabilities is critical to hiring and retaining the best talent.

Delivery is the Product: Takeaways from Transplace’s Shipper Symposium 2018

Talking Logistics

The comment caught my attention because later that morning I was going to moderate a discussion with Dan Dershem , General Partner at Supply Chain Ventures, about emerging technologies such as blockchain, artificial intelligence and machine learning, autonomous trucks, and digital freight. As I listened to Mr. Hughes’ presentation, it struck me that he was right: all of these technologies, in many ways, are a response to the demands we consumers are placing on supply chains.

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Supply chain collaboration is a hot topic today and no wonder: companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction. Supplier chain collaboration itself isn’t new. Supplier collaboration has always been a function of maintaining a delicate balance between demand and supply. Improved customer service metrics.

What Blockchain Means to Supply Chain

Supply Chain Brain

But it has quickly emerged from that dark and mysterious world to offer an invaluable tool for business in general, and global supply chains in particular. Touted as a secure, immutable system of record for any number of transactions between business partners, it seems an ideal tool for managing the complex web of relationships that make up a typical supply chain. Global Supply Chain Management Supply Chain Security & Risk Mgmt.

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BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the last two decades the company successfully leveraged global scale to define supply chain leadership. With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. For this case study we interviewed Ralf Busche, Senior Vice President of Global Supply Chain Strategy and Performance. Supply Chains to Admire Finalists.

Ensuring Workers’ Rights in Global Supply Chains

Supply Chain Brain

In a typical global supply chain, involving multiple tiers of production, the chances of failure are alarmingly high. Most global supply chains are made up of multiple tiers of manufacturing, stretching from production of raw materials to final assembly. Often it’s those deeper levels that are the source of violations or inadequate working conditions. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRM

Supply Chain Best Practices: Preparing for the Worst

Elementum

Supply chain disruptions are inevitable, whether resulting from natural disasters, technical failures, worker strikes, or other unforeseen incidents. And as supply chains have become increasingly diffuse over time, the likelihood that disruption in one region will have consequences that reverberate across the globe, is higher than ever before. What can supply chain managers do to ensure that action is taken quickly and efficiently when disruption strikes?

Analytics and the Digital Supply Chain

Enterra Insights

“By the end of 2020,” asserts the editorial staff at Material Handling & Logistics (MH&L), “one-third of all manufacturing supply chains will be using analytics-driven cognitive capabilities, thus increasing cost efficiency by 10% and service performance by 5%.”[1] ”[1] Most analysts agree the Digital Age demands the implementation of digital supply chains. ” Advanced Supply Chain Analytics.

The Fight of the Titans

Supply Chain Shaman

Supply chain leaders are competitive. The field of supply chain management–combining source, make and deliver–into a common process started in 1982. Now in 2018, we are starting to see the evolution of “Gods” with new business models that are redefining supply chain processes. Yet, the Titans, the first generation of supply chain super powers, continue to battle competitors.

What Supply Chain Risks are Threatening Your Company?

Enterra Insights

”[1] The report focused on four key metrics: supplier criticality, supplier financial risk, global sourcing risk, and foreign exchange risk. If you are an upstream supplier or a downstream retailer, different metrics must also be considered. Supply chains have always been at risk from natural disasters, labor disputes, manmade disasters, and the like. ”[2] What they really mean is that supply chains are suddenly being threatened by new risks.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days. The technology shows promise, but is far from fulfilling its touted role as an indelible system of record for transactions among supply-chain partners. Most companies are still just in the “tire-kicking phase,” says Chris Kirchner, chief executive officer and co-founder of Slync , provider of a blockchain platform for the supply chain.

Digital Orchestration of Your Supply Chain Requires “3-D” Orchestration

Supply Chain Action Blog

There is a lot of buzz about the “autonomous” supply chain these days. The subject came up at a conference I attended where the theme was the supply chain of 2030. But, before we turn out the lights and lock the door to a fully automated, self-aware, supply chain “Ava Ex Machina” , let’s take a moment and put this idea into some perspective. I’ve heard the driverless vehicle used as an analogy for the autonomous supply chain.