Enterra Insights

Data and Digitization in Manufacturing

Enterra Insights

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.

Data 100

Digitization and the Future of Supply Chains

Enterra Insights

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.

Solar Eclipses and Supply Chain Risk Management

Enterra Insights

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

The Impact of the Digital Path to Purchase

Enterra Insights

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.

Buyer's Guide for Supply Chain Network Design Software

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.

The Future of Supply Chains Falls to Younger Workers and Robots

Enterra Insights

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.

Retail Apocalypse Predicted to Continue

Enterra Insights

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]

Retail 100

Will Warehouses Eventually Go Dark?

Enterra Insights

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]

Supply Chain Management in a VUCA World

Enterra Insights

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.

Blockchain and the Future of Business

Enterra Insights

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]

The 2018 Supply Chain Software Buyer's Guide

Learn which supply chain applications are the best for your organization.

Welcome to the Supply Chain where the Risks Never Stop Coming

Enterra Insights

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.

Walmart again Raises Chargeback Stakes

Enterra Insights

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.

KPI 109

Improving Supply Chains with IoT Implementation

Enterra Insights

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.

Getting Confused about Supply Chain Planning?

Enterra Insights

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.

Leveraging Supply Chain Data for Competitive Advantage

What does it mean to become a digital business or digital supply chain?

Omnichannel Operations Benefit from Cognitive Computing

Enterra Insights

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.

Industry 4.0: The Slow Revolution, Part 2

Enterra Insights

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.

Supply Chain Complexity and Technology

Enterra Insights

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.”

Supply Chain Resilience in a Risky World

Enterra Insights

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

Navigating the Road to Successful Automation - A Process Driven Approach

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.

Weather Disasters Usher in New Era of Supply Chain Risk Management

Enterra Insights

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.

Grocery Shopping in the Digital Age

Enterra Insights

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.

Food 100

Overcoming Challenges to IoT Implementation

Enterra Insights

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.

Leonardo da Vinci and Supply Chain Management

Enterra Insights

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]

Turkey 100

Automated Order Processing and Proactive Inventory Management

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.

Machine Learning and the Business of Tomorrow

Enterra Insights

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]

Is Trust Blockchain’s Best Characteristic?

Enterra Insights

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.

The Internet of Things is Disrupting the Supply Chain

Enterra Insights

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.

Seeking Logistics Perfection

Enterra Insights

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.

Parts Town: An O2C Journey from Manual Processing to Digital Transformation

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.

Trends 2019: Business Technology

Enterra Insights

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.”

Trends 126

E-commerce and the Digital Path to Purchase

Enterra Insights

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.

Unleashing the Potential of Blockchain in the Supply Chain

Enterra Insights

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]

Young MacDonald’s Farm: AI-AI-Oh

Enterra Insights

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.

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

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.

Cognitive Supply Chain Planning

Enterra Insights

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.