INDUSTRY INSIGHTS YOUR PEERS ARE READING
Disruption is normally anathema in the supply chain. Formally defined as a disturbance or problem that interrupts an event, activity, or process, disruption means a supply chain that was once functioning smoothly is no longer doing so. MORE
Thirty years ago few people would have predicted a growing number of consumers would complete much of their shopping using a mobile phone. It was only 29 years ago Tim Berners-Lee invented hyperlinks which gave rise to web browsing and eventually led to e-commerce. MORE
In professional football, a quarterback can “take a knee” while holding the ball to end a play and down the ball. Once the quarterback’s knee touches the ground and referees blow their whistles, onrushing opponents must stop their onslaught. There are undoubtedly moments when risk managers would like to “take a knee” in order to find respite from the risks their supply chains face. Unfortunately, taking a knee is not an option. MORE
Most often when people discuss artificial intelligence (AI), they are discussing a subset of that field known as machine learning. Louis Columbus ( @LouisColumbus ) explains, “Enterprises are striving to find greater meaning in the massive amounts of data they generate and save every day. Machine learning is providing the needed algorithms, applications, and frameworks to bring greater predictive accuracy and value to enterprises’ data sets and contributing to diverse strategies succeeding.”[1] MORE
An anachronism is “a thing belonging or appropriate to a period other than that in which it exists, especially a thing that is conspicuously old-fashioned.” ” People who live in Pennsylvania are familiar with anachronistic encounters with the Amish who still traverse busy streets riding in horse-drawn carriages. Their way of life survives, even thrives, because it connects to and is supported by the modern world. MORE
Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. Historically, when consumers needed something, they made their way to a bazaar, a marketplace, or a shopping center. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance. MORE
Humans yearn for a glimpse of the future. This yearning is why people visit oracles, study the stars, consult shamans, get their palms read, stare into crystal balls, turn over tarot cards, and/or study the writings of seers like Nostradamus. Business leaders are not immune to this compulsion; but, their methods for divining the future are different. For decades, companies have gathered smart people together to perform what-if analysis, identify trends, and produce forecasts. MORE
Improving supply chain visibility produces a number of beneficial results and Internet of Things (IoT) implementation has the potential to improve visibility dramatically. I deliberately use the word “potential” because the Internet of Things (sometimes referred to as the Industrial IoT) remains in its infancy. MORE
Walmart recently made headlines when it toughened delivery demands for its suppliers. Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. MORE
Numerous studies have concluded nearly half of all Internet of Things (IoT) projects end in failure. Unless you are playing baseball, batting less than.500 is not great. The failure rate demonstrates the IoT remains in its infancy and implementing it correctly remains difficult. MORE
Most people are aware blockchain technology originated in the finance sector as cryptocurrencies (e.g., Bitcoin) unfettered by government regulation. Although the irrational enthusiasm for cryptocurrencies has cooled, enthusiasm for blockchain technology has not. Vishnu Rajamanickam ( @vishnucr92 ) notes, “[Blockchain technology] has expanded dramatically … with use cases being identified across a myriad of segments including finance, energy, supply chain and defense.”[1] MORE
Today, much of the United States will experience a total solar eclipse. That hasn’t happened for nearly 100 years. Because … Continued. The post Solar Eclipses and Supply Chain Risk Management appeared first on Enterra Solutions. Business Risk Management Supply Chain Enterra Solutions Stephen DeAngelis MORE
Anyone who has served in the armed forces knows the military loves its acronyms. For years the military has used the acronym VUCA to describe what, in wartime, is often referred to as the fog of war. VUCA stands for Volatility, Uncertainty, Complexity, and Ambiguity. MORE
We live in a risky world. Supply chains, especially extended ones, are subject to an almost infinite number of risks. … Continued. The post Supply Chain Resilience in a Risky World appeared first on Enterra Solutions. Business Cognitive Computing Risk Management Supply Chain Enterra Solutions Stephen DeAngelis MORE
An apocalypse is defined as an event involving destruction or damage on an awesome or catastrophic scale. Over the past several years, thousands of brick-and-mortar retail stores have closed in what has been called the Retail Apocalypse. A couple of years ago, Robin Wigglesworth ( @RobinWigg ) charted the beginnings of the Retail Apocalypse and noted it shouldn’t have been a surprise “given the vast overbuilding of stores and shopping malls in recent decades.”[1] MORE
Gone are the days when a consumer decides they need something and their only choice is to head to the store to buy it. Even when a consumer concludes making an in-store purchase is their best option, they are likely to have used their smartphone to search for other options or to compare prices. The digital path to purchase is becoming the norm for many consumers and both retailers and manufacturers are taking notice. MORE
Manufacturing has been the lifeblood of the global economy for hundreds of years. Because manufacturers have historically moved factories to regions featuring cheap labor and few regulatory restrictions (sometimes referred to as outsourcing or offshoring), a misconception has arisen about the importance manufacturing to national economies. MORE
The world is becoming so specialized it’s difficult to find generalists in almost any field of endeavor. Supply chain managers probably come as close to being generalists as anyone in the business field. They need a general understanding of everything from procurement of raw materials to customer service. That’s why Lora Cecere ( @lcecere ), founder of Supply Chain Insights, insists, “The supply chain IS Business, not a department within a business.”[1] MORE
As supply chains become more digital, it makes sense to leverage the massive amounts of data being generated by digital transactions in the planning process. At the same time, planners need to remember that technology doesn’t mean planning fundamentals no longer apply. Lora Cecere ( @lcecere ), founder and CEO of Supply Chain Insights, believes too many supply chain professionals have forgotten the fundamentals of planning in the digital age. MORE
The late Emma Goldman, a twentieth century anarchist and political activist, once stated, “If I can’t dance to it, it’s not my revolution.” ” The latest industrial revolution, labeled Industry 4.0, is a revolutionary dance many manufacturers have yet to join. Many analysts believe manufacturers need to start dancing if they are going to survive and thrive in the digital age. Most manufacturers seem to understand the need to transform. MORE
As the United States continues to recover from Hurricanes Harvey and Irma, it seems unnecessary to warn supply chain risk … Continued. The post Weather Disasters Usher in New Era of Supply Chain Risk Management appeared first on Enterra Solutions. MORE
Trust is defined as firm belief in the reliability, truth, ability, or strength of someone or something. In talks with the Soviets about nuclear disarmament, Ronald Reagan famously stated, “Trust, but verify”; but, I’m not sure that’s real trust. Trust is an unwavering assurance that something is as it seems to be. Hope Liu ( @hopeEximchain ), CEO of Eximchain, observes, “As far as one can remember, commerce has been conducted based on trust. MORE
Blockchain is an enigma. The technology can simplify business transactions but it can also be difficult to use. “There’s no question that blockchain technology has enormous potential,” writes Preethi Kasireddy ( @iam_preethi ), Founder and CEO of TruStory. “Decentralized exchanges, prediction markets, and asset management platforms are just a few of the exciting applications being explored by blockchain developers.”[1] MORE
By any measure, today’s supply chains are remarkable accomplishments. They often span the globe and, despite often requiring hundreds of transactions, shipments move through the supply chain keeping store shelves stocked and consumers happy. Supply chains have been around since the earliest human settlements began trading goods. Each succeeding generation of supply chain professionals builds on the hard work and wisdom of professionals in preceding generations. MORE
As the world becomes more complex, people seem to long for simpler times. The problem with such daydreams is that “simpler times” had their own challenges and, as we all know, there is no going back. Historically, technological advances have made humankind more productive; but, technology has not made life simpler. New York Times ‘ columnist Thomas Friedman once stated, “We were promised a simpler life, and technology has only complicated our lives.” MORE
We all know planning is important. Benjamin Franklin once declared, “By failing to prepare, you are preparing to fail.” While that concept seems straight forward, supply chain planners are faced with a constellation of articles talking about sales & operations (S&OP) planning, demand planning, integrated business planning, periodic planning, continuous planning, concurrent planning, and the list goes on. MORE
Thanks to the popularity of e-commerce, warehouses are some of the hottest properties in real estate. Erica E. Phillips ( @EricaEPhillips ) reports some retailers were so desperate to find warehouse space this past holiday season they created pop-up warehouses in vacant suburban lots and parking garages.[1] MORE
Children have been singing about Old MacDonald and his farm for the last century. A lot has changed on the farm over those 100 or so years. Jayson Lusk ( @JaysonLusk ), Head of the Agricultural Economics Department at Purdue University, reports, “In 1900, just under 40 percent of the total US population lived on farms, and 60 percent lived in rural areas. Today, the respective figures are only about 1 percent and 20 percent. MORE
Technology is an ambiguous word referring to a wide range of marvelous (and sometimes scary) man-made gadgets. Deciding what technological trends are important depends on the activities in which you or your organization are involved. Regardless of your area of interest, technology of some sort is going to impact it in the years ahead. Prolific inventor Dean Kamen once stated, “Every once in a while, a new technology, an old problem, and a big idea turn into an innovation.” MORE
The digital age is transforming almost every industry and the food and drink sector is no exception. One might not immediately think about supermarkets when the topic of digital enterprises is raised; but, those in the industry are well aware of how e-commerce is changing the business landscape. Russell Redman reports a study by consumer target marketing firm SKUlocal found, “Grocery shoppers have come to rely on digital channels and now expect online access in their path to purchase. MORE
Vince Lombardi, the late, great football coach, once stated, “Perfection is not attainable, but if we chase perfection we can catch excellence.” ” Logistics professionals could adopt that statement as their motto. Half-a-decade ago, Apptricity analysts wrote, “In the world of supply chain and logistics management, perfection remains an elusive goal. MORE
Enterra Insights
MAY 22, 2019
Manufacturing has been the lifeblood of the global economy for hundreds of years. Because manufacturers have historically moved factories to regions featuring cheap labor and few regulatory restrictions (sometimes referred to as outsourcing or offshoring), a misconception has arisen about the importance manufacturing to national economies.
Enterra Insights
MAY 20, 2019
An anachronism is “a thing belonging or appropriate to a period other than that in which it exists, especially a thing that is conspicuously old-fashioned.” ” People who live in Pennsylvania are familiar with anachronistic encounters with the Amish who still traverse busy streets riding in horse-drawn carriages. Their way of life survives, even thrives, because it connects to and is supported by the modern world.
Enterra Insights
AUGUST 21, 2017
Today, much of the United States will experience a total solar eclipse. That hasn’t happened for nearly 100 years. Because … Continued. The post Solar Eclipses and Supply Chain Risk Management appeared first on Enterra Solutions. Business Risk Management Supply Chain Enterra Solutions Stephen DeAngelis
Enterra Insights
APRIL 30, 2019
Thirty years ago few people would have predicted a growing number of consumers would complete much of their shopping using a mobile phone. It was only 29 years ago Tim Berners-Lee invented hyperlinks which gave rise to web browsing and eventually led to e-commerce.
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Network design as a discipline is complex and too many businesses are still relying on spreadsheets to design and optimize their supply chain. As a result, most organizations struggle to answer network design questions or test hypotheses in weeks, when results are demanded in hours. This Buyer’s Guide helps you find easy-to-use technology to become more proactive and less reactive when it comes to network design and optimization.
Enterra Insights
MAY 14, 2019
By any measure, today’s supply chains are remarkable accomplishments. They often span the globe and, despite often requiring hundreds of transactions, shipments move through the supply chain keeping store shelves stocked and consumers happy. Supply chains have been around since the earliest human settlements began trading goods. Each succeeding generation of supply chain professionals builds on the hard work and wisdom of professionals in preceding generations.
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Enterra Insights
MAY 13, 2019
An apocalypse is defined as an event involving destruction or damage on an awesome or catastrophic scale. Over the past several years, thousands of brick-and-mortar retail stores have closed in what has been called the Retail Apocalypse. A couple of years ago, Robin Wigglesworth ( @RobinWigg ) charted the beginnings of the Retail Apocalypse and noted it shouldn’t have been a surprise “given the vast overbuilding of stores and shopping malls in recent decades.”[1]
Enterra Insights
MAY 2, 2019
Thanks to the popularity of e-commerce, warehouses are some of the hottest properties in real estate. Erica E. Phillips ( @EricaEPhillips ) reports some retailers were so desperate to find warehouse space this past holiday season they created pop-up warehouses in vacant suburban lots and parking garages.[1]
Enterra Insights
FEBRUARY 20, 2019
Anyone who has served in the armed forces knows the military loves its acronyms. For years the military has used the acronym VUCA to describe what, in wartime, is often referred to as the fog of war. VUCA stands for Volatility, Uncertainty, Complexity, and Ambiguity.
Enterra Insights
MAY 8, 2019
Blockchain is an enigma. The technology can simplify business transactions but it can also be difficult to use. “There’s no question that blockchain technology has enormous potential,” writes Preethi Kasireddy ( @iam_preethi ), Founder and CEO of TruStory. “Decentralized exchanges, prediction markets, and asset management platforms are just a few of the exciting applications being explored by blockchain developers.”[1]
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Learn which supply chain applications are the best for your organization.
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Enterra Insights
MAY 6, 2019
In professional football, a quarterback can “take a knee” while holding the ball to end a play and down the ball. Once the quarterback’s knee touches the ground and referees blow their whistles, onrushing opponents must stop their onslaught. There are undoubtedly moments when risk managers would like to “take a knee” in order to find respite from the risks their supply chains face. Unfortunately, taking a knee is not an option.
Enterra Insights
APRIL 22, 2019
Walmart recently made headlines when it toughened delivery demands for its suppliers. Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full.
Enterra Insights
MAY 1, 2019
Improving supply chain visibility produces a number of beneficial results and Internet of Things (IoT) implementation has the potential to improve visibility dramatically. I deliberately use the word “potential” because the Internet of Things (sometimes referred to as the Industrial IoT) remains in its infancy.
Enterra Insights
APRIL 23, 2019
We all know planning is important. Benjamin Franklin once declared, “By failing to prepare, you are preparing to fail.” While that concept seems straight forward, supply chain planners are faced with a constellation of articles talking about sales & operations (S&OP) planning, demand planning, integrated business planning, periodic planning, continuous planning, concurrent planning, and the list goes on.
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What does it mean to become a digital business or digital supply chain?
Enterra Insights
APRIL 18, 2019
Gone are the days when a consumer decides they need something and their only choice is to head to the store to buy it. Even when a consumer concludes making an in-store purchase is their best option, they are likely to have used their smartphone to search for other options or to compare prices. The digital path to purchase is becoming the norm for many consumers and both retailers and manufacturers are taking notice.
Enterra Insights
APRIL 17, 2019
The late Emma Goldman, a twentieth century anarchist and political activist, once stated, “If I can’t dance to it, it’s not my revolution.” ” The latest industrial revolution, labeled Industry 4.0, is a revolutionary dance many manufacturers have yet to join. Many analysts believe manufacturers need to start dancing if they are going to survive and thrive in the digital age. Most manufacturers seem to understand the need to transform.
Enterra Insights
APRIL 11, 2019
As the world becomes more complex, people seem to long for simpler times. The problem with such daydreams is that “simpler times” had their own challenges and, as we all know, there is no going back. Historically, technological advances have made humankind more productive; but, technology has not made life simpler. New York Times ‘ columnist Thomas Friedman once stated, “We were promised a simpler life, and technology has only complicated our lives.”
Enterra Insights
AUGUST 30, 2017
We live in a risky world. Supply chains, especially extended ones, are subject to an almost infinite number of risks. … Continued. The post Supply Chain Resilience in a Risky World appeared first on Enterra Solutions. Business Cognitive Computing Risk Management Supply Chain Enterra Solutions Stephen DeAngelis
Speaker: Jon Leposky, Director of Operations and Logistics, Z Customization
Automation can be an incredibly powerful tool to lower costs, increase capabilities, and enable scaling. However the road to implementing automation can be long and challenging even when all the proper steps are taken. Being equipped with the proper tools and knowledge of common pitfalls when implementing automation can make the difference between a show stopping disaster and seamless success.
Enterra Insights
NOVEMBER 2, 2017
As the United States continues to recover from Hurricanes Harvey and Irma, it seems unnecessary to warn supply chain risk … Continued. The post Weather Disasters Usher in New Era of Supply Chain Risk Management appeared first on Enterra Solutions.
Enterra Insights
APRIL 12, 2019
The digital age is transforming almost every industry and the food and drink sector is no exception. One might not immediately think about supermarkets when the topic of digital enterprises is raised; but, those in the industry are well aware of how e-commerce is changing the business landscape. Russell Redman reports a study by consumer target marketing firm SKUlocal found, “Grocery shoppers have come to rely on digital channels and now expect online access in their path to purchase.
Enterra Insights
MARCH 19, 2019
Numerous studies have concluded nearly half of all Internet of Things (IoT) projects end in failure. Unless you are playing baseball, batting less than.500 is not great. The failure rate demonstrates the IoT remains in its infancy and implementing it correctly remains difficult.
Enterra Insights
APRIL 8, 2019
The world is becoming so specialized it’s difficult to find generalists in almost any field of endeavor. Supply chain managers probably come as close to being generalists as anyone in the business field. They need a general understanding of everything from procurement of raw materials to customer service. That’s why Lora Cecere ( @lcecere ), founder of Supply Chain Insights, insists, “The supply chain IS Business, not a department within a business.”[1]
Speaker: Irina Rosca, Director of Supply Chain Operations, Helix
Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.
Enterra Insights
FEBRUARY 13, 2019
Most often when people discuss artificial intelligence (AI), they are discussing a subset of that field known as machine learning. Louis Columbus ( @LouisColumbus ) explains, “Enterprises are striving to find greater meaning in the massive amounts of data they generate and save every day. Machine learning is providing the needed algorithms, applications, and frameworks to bring greater predictive accuracy and value to enterprises’ data sets and contributing to diverse strategies succeeding.”[1]
Enterra Insights
APRIL 2, 2019
Trust is defined as firm belief in the reliability, truth, ability, or strength of someone or something. In talks with the Soviets about nuclear disarmament, Ronald Reagan famously stated, “Trust, but verify”; but, I’m not sure that’s real trust. Trust is an unwavering assurance that something is as it seems to be. Hope Liu ( @hopeEximchain ), CEO of Eximchain, observes, “As far as one can remember, commerce has been conducted based on trust.
Enterra Insights
APRIL 30, 2018
Disruption is normally anathema in the supply chain. Formally defined as a disturbance or problem that interrupts an event, activity, or process, disruption means a supply chain that was once functioning smoothly is no longer doing so.
Enterra Insights
MARCH 28, 2019
Vince Lombardi, the late, great football coach, once stated, “Perfection is not attainable, but if we chase perfection we can catch excellence.” ” Logistics professionals could adopt that statement as their motto. Half-a-decade ago, Apptricity analysts wrote, “In the world of supply chain and logistics management, perfection remains an elusive goal.
Speaker: Sarah Gibson, Platinum Operations Manager
The order-to-cash (O2C) process is often considered the lifeblood of an organization. It’s why so many business leaders are looking to next generation of O2C solutions to unlock value across their enterprise — value that’s necessary to remain competitive. Join us for an educational webinar with guest speaker, Sarah Gibson of Parts Town, as she takes attendees through her company’s digital transformation journey.
Enterra Insights
DECEMBER 19, 2018
Technology is an ambiguous word referring to a wide range of marvelous (and sometimes scary) man-made gadgets. Deciding what technological trends are important depends on the activities in which you or your organization are involved. Regardless of your area of interest, technology of some sort is going to impact it in the years ahead. Prolific inventor Dean Kamen once stated, “Every once in a while, a new technology, an old problem, and a big idea turn into an innovation.”
Enterra Insights
MARCH 27, 2019
Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. Historically, when consumers needed something, they made their way to a bazaar, a marketplace, or a shopping center. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance.
Enterra Insights
MARCH 21, 2019
Most people are aware blockchain technology originated in the finance sector as cryptocurrencies (e.g., Bitcoin) unfettered by government regulation. Although the irrational enthusiasm for cryptocurrencies has cooled, enthusiasm for blockchain technology has not. Vishnu Rajamanickam ( @vishnucr92 ) notes, “[Blockchain technology] has expanded dramatically … with use cases being identified across a myriad of segments including finance, energy, supply chain and defense.”[1]
Enterra Insights
MARCH 22, 2019
Children have been singing about Old MacDonald and his farm for the last century. A lot has changed on the farm over those 100 or so years. Jayson Lusk ( @JaysonLusk ), Head of the Agricultural Economics Department at Purdue University, reports, “In 1900, just under 40 percent of the total US population lived on farms, and 60 percent lived in rural areas. Today, the respective figures are only about 1 percent and 20 percent.
Speaker: Adam Robinson, Director of Marketing, Cerasis
In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.
Enterra Insights
MARCH 13, 2019
As supply chains become more digital, it makes sense to leverage the massive amounts of data being generated by digital transactions in the planning process. At the same time, planners need to remember that technology doesn’t mean planning fundamentals no longer apply. Lora Cecere ( @lcecere ), founder and CEO of Supply Chain Insights, believes too many supply chain professionals have forgotten the fundamentals of planning in the digital age.
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