Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics. 2030 is 14 years in the future. Seven Predictions for Supply Chain 2030. It is hard to predict the future; and when you do, you know that you will be wrong, but please lean in with me and Imagine Supply Chain 2030. 3) Rethinking Manufacturing.

Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. Targets for 2030 Include: Improve freight system efficiency 25 percent by 2030. New Study Shows a Rise in US Company Inventories.

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Manufacturing ERP Plays a Key Role for Sustainability

QAD

As an example, look no further than Microsoft’s announcement to be carbon negative by 2030 and their commitment of $1 billion towards a climate innovation fund. While consumer products manufacturers previously led the way for sustainable manufacturing practices, a growing number of manufacturers in other sectors are treating sustainability as an important operational objective to increase global competitiveness.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It also evaluates the various possibilities such as the best plants to manufacture the required product lines. It involves the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. Inventory control.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It also evaluates the various possibilities such as the best plants to manufacture the required product lines. It involves the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. Inventory control.

10 Ideas for More Efficient & Productive Warehouse Operations

Cerasis

million robots are expected to be deployed across manufacturing facilities in the U.S. Not only can robotic automation help manufacturers achieve greater warehouse productivity, but it can also drive significant cost savings as compared to employing workers. Implement Lean Manufacturing. Accenture predicts the value created by the IIoT could reach as high as $15 trillion by 2030, paving the way for more efficient, productive, and intelligent industrial warehouse operations.

Update on the Automotive Industry

Logistics Trends and Insights

The PwC predicts that more than 55% of all new car sales could be fully electrified by 2030, and over 95% of new car sales will be partially electrified. Based on mileage, the study also claims that Europe’s share of autonomous driving in overall traffic may rise to as much as 40% by 2030. Elementary structures and attitudes will have to change fast in order to cope with the developments by 2030 and beyond,” writes the study’s authors. “If by Amy Wunderlin.

Integrated Planning: Is It Rubbish? Be Careful What You Ask For….

Supply Chain Shaman

While regional supply chain teams could focus on operational decisions–deployment, DRP/MRP logic, and finite planning/scheduling within manufacturing, and transportation routing–global teams must get good at tactical planning globally to drive synergies. At the conference, we will be challenging supply chain leaders to focus on Supply Chain 2030 through a programmatic focus on five themes: Supply Chains to Admire. Economic Vision of Supply Chain 2030.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. In Figure 1, we show the aggregate trend of the chemical industry in an orbit chart format showing year-over-year results at the intersection of two metrics operating margin and inventory turns. In the period of 2010-2018, within the chemical industry, margins fluctuated, largely driven by the price of crude, but inventory turns plummeted. inventory turns.

The March of the Lemmings.

Supply Chain Shaman

Manufacturing companies are statistically less satisfied with their S&OP processes in 2019 than they were in 2016 at a 90% confidence level. A manufacturing company with annual revenues greater than 5B$ operates seven S&OP processes and is dependent on five technologies. A large food manufacturing company has fourteen poorly implemented JDA instances. A supply chain team improved forecast accuracy by 22%, but did not improve inventory or customer service.

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

Meanwhile, turbulence is the norm for manufacturing supply chains. As I sign into the front desk-after-front desk at manufacturers, and open the signature book, I notice a large number of system integrators diligently working on the implementation of traditional enterprise technologies. There is no logical connection between inventory strategy and logistics optimization or the multiplicity of rules—allocation, ATP, inventory matching, routing—and planning engines.

Lassoing S&OP

Supply Chain Shaman

Forecasting hierarchies need to roll up to define business requirements, and inventory needs to be reported by form and function. Form and Function of Inventory. As long as the data flows for roll-up on inventory, forecasting and planned orders, each business can build and run their own visualization layer as long as it can roll up for an executive view. Forge New Directions for Supply Chain 2030. A lasso is what supply chain leaders would like to have.

S&OP 168

Lassoing S&OP

Supply Chain Shaman

Forecasting hierarchies need to roll up to define business requirements, and inventory needs to be reported by form and function. Form and Function of Inventory. As long as the data flows for roll-up on inventory, forecasting and planned orders, each business can build and run their own visualization layer as long as it can roll up for an executive view. Forge New Directions for Supply Chain 2030. A lasso is what supply chain leaders would like to have.

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For Every Tom, Dick, and Harry

Supply Chain Shaman

As part of the 7% of manufacturers attempting to use cognitive computing for demand planning, he shared, “Lora, the magic is not in the new technology. Each also has a very different meaning of the role of inventory. My role was to start-up Vendor Managed Inventory (VMI) processes for Clorox to replenish Wal-Mart more effectively. In my research of over sixty organizations in consumer manufacturing, no company connects the VMI signal to the demand planning processes.

Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

The focus is on channel data: price; inventory positions; and policies. It is about much, much more than Vendor Managed Inventory (VMI ) or Collaborative Forecasting and Replenishment. Channel sensing enables the use of channel consumption, and the modeling of inventory across channels, to understand global and regional trends to maximize opportunity and mitigate risk. Choices on when to push, and when to pull, with translation into inventory policy and decoupling points.

Reduce Costs: Invest In Talent

Supply Chain Shaman

In manufacturing-based companies, 70-80% of costs are in the processes of source, make and deliver. Despite all the ads at airports and pretty powerpoints by consultants, we cannot find support for the claims of “Best Run Companies Use Technology X” or “Manufacturing Companies Using Consulting Services With Company Y Have Better Results.” Employees working for technology providers or academics are more satisfied that employees working for manufacturers.

Coming soon to a supply chain near you: 8 big digital disruptors

Kinaxis

That in turn is changing how organizations are manufacturing and delivering goods. These retail robots can scan and track on-store inventory at rates far exceeding what any human worker could accomplish, capturing data on up to 20,000 products an hour. Manufacturers are getting in on the action as well, splitting shipping costs with competitors to ensure trucks don’t go out half-filled.

Examining LogiPharma 2019 – Top 3 symptoms you caught the life sciences supply chain bug

Kinaxis

Global Fund’s mission is to end AIDS, malaria and tuberculosis by 2030. Temperature, timing, and few supply options with no buffer inventory to satisfy demand are all risk factors along with the fact this is a high touch supply chain requiring extremely talented individuals. Coordinating regulatory approvals with the ability to manufacture could make or break capturing market share. Early approvals could cause a struggle to ramp up manufacturing capabilities.

Future-proofing Supply Chain with Artificial Intelligence

ThroughPut

When faced with a pandemic like COVID-19, establishing a good understanding of the impact on supply chains and contingency plans can help manufacturing companies deal with uncertainties in the right way. The Impact on Supply chains is twofold – First, companies must closely monitor short-term and long-term demand and inventory to account for any production loss in case of factory closures and economic slowdown. trillion to the global economy by 2030. AI in Supply Chain.

Future-proofing Supply Chain with the Power of Artificial Intelligence

ThroughPut

When faced with a pandemic like COVID-19, establishing a good understanding of the impact on supply chains and contingency plans can help manufacturing companies deal with uncertainties in the right way. The Impact on Supply chains is twofold – First, companies must closely monitor short-term and long-term demand and inventory to account for any production loss in case of factory closures and economic slowdown. trillion to the global economy by 2030. AI in Supply Chain.

Future-proofing Supply Chain with the Power of Artificial Intelligence

ThroughPut

When faced with a pandemic like COVID-19, establishing a good understanding of the impact on supply chains and contingency plans can help manufacturing companies deal with uncertainties in the right way. The Impact on Supply chains is twofold – First, companies must closely monitor short-term and long-term demand and inventory to account for any production loss in case of factory closures and economic slowdown. trillion to the global economy by 2030. AI in Supply Chain.

A River Runs Through It…

Supply Chain Shaman

This includes: new product launch forecasting, seasonal inventory targets, demand affinities, push-based inventory strategies, demand shaping activities (price, promotion, run-out strategies, sales incentives, trade incentives), and turn-based volume. However, companies mature in the concepts of demand know that each order has latency–the time to translate market take-away into re-order points through the channel to the manufacturer. Supply Chain 2030.

How Can We Heal the Global Supply Chain?

Supply Chain Shaman

The traditional manufacturing job defined the middle class. Each time, I turn on the channel, manufacturing jobs frame the global debate. Ironically, as global manufacturing jobs decrease, there is a need for talent for the global supply chain. Inventory Turns. Better performance in inventory turns than the peer group average for the period of 2006-2015. In the other years, P&G improves inventory turns but regresses on operating margin performance.)

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TMS Delivers on NASSTRAC’s Five Common Sense Suggestions for Shippers

Supply Chain Collaborator

The hard-hitting new report from the National Shippers Strategic Transportation Council (NASSTRAC) is titled, “ Logistics 2030: Navigating a Disruptive Decade, Year 1 – Freight Transportation ” and it is full of powerful conclusions about what shippers are facing in the coming decade as the pace of technological advancement and change continues to accelerate. A recent NASSTRAC report revealed five common-sense suggestions for shippers navigating today’s disruptive operating environment.

Building Outside-in Processes: Answering A Question From the Audience

Supply Chain Shaman

Shifts in Traditional Supply Chain Processes in the Building of Capabilities for Supply Chain 2030. Companies that are good at demand management understand the need for design–form & function of inventory and push/pull decoupling points –and the orchestration of demand to make better decisions in sourcing, transportation and delivery. Retail forecasts are never a good source of data for the manufacturer.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more. The retail giant plans to take out 50 million metric tons (MMT) by 2030, which is equivalent to the emissions associated with the average annual electricity consumption of 40 million Chinese households. The ledger tracking these medicines may be shared with stakeholders, including manufacturers, warehouses, distributors, pharmacies, hospitals, and doctors.

Household Products Industry Stuck in Neutral and Going Backwards

Supply Chain Shaman

Both Kimberly-Clark and P&G are going backwards on operating margin while making progress on inventory turns. For example, P&G kept pace with the industry average on operating margin and inventory turns, and posted some of the best results in Cash-t0-Cash (30 days below the peer group), but underperformed on growth and Return on Invested Capital. As the company spiraled in the updraft of the market, it built inventory. billion in inventory charges in April 2001.

Forget the Supply Chain of 2020. Here are 3 Things That Supply Chains Need Today.

Arkieva

While it is nice to envision supply chains in 2020 or 2030 the truth is; for many manufacturing businesses, discussions about future supply chain innovations, often leads to a “yeah.right,” smirk by supply chain executives – this with good reason. Most manufacturing businesses still, face day-to-day supply chain optimization issues that span from having manual processes to having difficulties in syncing up projected sales with actual market conditions.

The Internet of Things is over 30 Years Old and still in Its Infancy

Enterra Insights

He explains, “Robert Gordon argues that, with the exception of a decade starting in the mid-1990s, information networks have not driven productivity in the way that electricity transformed the American manufacturing sector in the 20th Century. But some believe now that IoT can boost productivity growth by increasing the efficiency of traditional business operations such as manufacturing, transportation, and retail.”

Importance of Technology on India’s Supply Chain Management

20Cube Logistics

According to PwC, out of top 20 bilateral trade routes in the world, 16 will have APAC countries and 80 % of the world trade market will be in APAC countries routes by the year 2030. At present, many industries in India like retail, manufacturing, automotive, etc have started using digital supply chain processes. With respect to electronic invoicing, tracking, inventory management, and supply chain visibility, technology is playing an important role by simplifying the processes.

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Five Trends That Excite Me!

Supply Chain Shaman

Future of Analytics in the Building of Supply Chain 2030. One of the greatest opportunities to use sensor data is in the building of digital manufacturing strategies. In the building of digital manufacturing capabilities, the goal is to use this sensor data (Programmable Logic Controllers or “PLCs”, motor and pump sensors, and temperature gauges) to schedule maintenance and automate plant floor scheduling based on actual inputs from the plant floor.

Trends 198

The Secret of Getting Ahead (Takeaways from Command Alkon ELEVATE 2018 Conference)

Talking Logistics

The answer to the first question is clear when you consider the following sobering statistics about the industry: According to the McKinsey Global Institute, the world will need to spend $57 trillion on infrastructure by 2030 just to keep up with GDP growth. Over the past 20 years, productivity has grown at only 1% annually, only around one-third the rate of the world economy and only around one-quarter of the rate in manufacturing.”. What a difference a year makes.

Building Outside-In Processes

Supply Chain Shaman

I am a manufacturing gal by training. It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. In a similar vein, their forecasts for the automotive market would have been on new automotive sales and dealer inventory. Include the supplier’s warehouse and manufacturing locations. Economic Vision of Supply Chain 2030. This weekend, I decompressed and turned off my cell phone.

No Easter Bunny?

Supply Chain Shaman

Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Unable to power additional year-over-year improvements at the intersection of cost and inventory, companies struggle. Or is it the use of the Internet of Things to transform manufacturing or reduce issues with counterfeiting? This issue is that the orders have inherent order latency (The time for customer purchases to translate to manufacturing orders).

This Week in Logistics News (October 8-12, 2018)

Talking Logistics

I have to go to the grocery store again today to replenish our inventory (yeah, I don’t shop for groceries online; as the son of a bodegero, I’m old fashioned that way.). Trucking costs to halve by 2030, study predicts (LLoyd’s Loading List). A TMS user, for example, can say to the system, “Show me all uncovered loads,” or an inventory manager can ask, “Which stores have less than three days inventory of product X?”