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Supply Chain Management in the New Normal: Predictions for 2021 and Beyond

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2020 has been a grim, chaotic, uncertain year in so many ways. As supply chain managers, one of our fundamental responsibilities is responding to change, and oh, how you did.

How to Stay Ahead of Holiday Shoppers in 2020

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The holiday season seems to start earlier and earlier each year, but this year, the creep is even more noticeable. When Amazon shifted Prime Day from July to mid-October, other retailers followed the example and also offered strong promotions in October.

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DTC (Direct to Consumer): New Normal, New Opportunities

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Covid-19 is impacting retail sales in a number of significant ways. The upside is that online sales are up. With many physical retail stores closing or dramatically changing their business operations, customers have turned more and more to online shopping.

3 Ways to Streamline Your Business Strategy this Spring

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With spring in the air, it’s the perfect time to reevaluate the state of your business and review outdated supply chain operations technologies. Chances are your supply chain has become increasingly complicated over the last year – whether through a change in sales strategies, the introduction of new partners, a busy holiday season or major company events. This sprawling complexity has the potential to increase the risk for disruption and for opportunities to fail.

New Buyer's Guide for Supply Chain Network Design

Many companies are looking to redesign their supply chain network to lower costs, improve service levels and reduce risks in the new year. To do this, teams are finding that they need to perform network assessments more regularly and in-house. Scenario modeling is emerging as a key capability. To help you start 2021 strong, we updated our popular Buyer's Guide for Supply Chain Network Design Software with research insights and learnings.

Will Your Supply Chain Sink or Swim in the Digital Age?

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Technology research firm Gartner, Inc. recently noted a new trend towards supply chain “protectionism,” presumably due to the extraordinary combination of external forces proving capable of disrupting once-optimized processes and, therefore, destroying once-healthy profit margins.

Why Today is the Day to Prepare Your Supply Chain for Recession

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Highs and lows are an unfortunate part of both life and business and a new study shows 3 out of 4 economists predicting a U.S. recession by 2021. The good news for companies is that recessions are also generally short, with 9 of the U.S.’s ’s last 13 recessions lasting a year or less. But the implications of a recession can be long-lasting. As there is no crystal ball as to what will happen with the impending election nor U.S.

5 Steps to Supply Chain Orchestration Success

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The successful music orchestra is a myriad of ensemble instruments working together to create beautiful music. Supply chain orchestration functions much the same way, with business systems from all trading partners and all transactions connected and working efficiently to create a seamless business. Aggregate data is completely visible so executives know exactly how much inventory they have. Receivers know when items have shipped and what size shipment to expect and when.

How Your Warehouse Can Navigate Costly Global Supply Chain Disruptions

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With over 17,000 infections and more than 300 deaths, recent news about the outbreak of the coronavirus in China has grabbed attention from a global audience, including supply chain and logistics managers. Due to the virus, factories and logistics hubs at the epicenter in China’s Wuhan region have shut down and with it, many of the world’s largest intermediate manufactured product exporters are stalled.

Top 5 Supply Chain Trends to Watch in 2020

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With more consumers than ever doing their everyday shopping online instead of at brick-and-mortar retail stores, a phenomenon known as the ‘Amazon Effect’ has emerged. The online shopping conveniences offered by large retailers like Amazon have led to increased consumer expectations – including rock-bottom prices, endless product variety and fast shipping – all of which affect each part of the global supply chain.

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Become a Walmart On-Time In-Full Guru With the Ultimate Guide to OTIF!

Information on Walmart’s On-Time In-Full program is scattered, so we’ve put together everything you need to know about OTIF. Download this ebook to get the skinny on OTIF metrics, identifying the root cause of issues, and how to improve your scores!

Advanced Shipment Notification Best Practices

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Thanks to modern automation, the semi-new concept of an advanced shipment notification (ASN) is improving accuracy and lowering costs for logistics operations. How it Works. During the supply chain process, a digital electronic data interface (EDI) is transmitted, letting the customer or receiver know in one detailed transaction what is contained in a shipment.

How to Make the Most of Your Supply Chain Software

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How to Make the Most of Your Supply Chain Software. We recently sat down with Joe Harris, Product Manager at OneSCM, regarding the ways to make the most of your OneSCM supply chain software. Q: Are there any new features that customers should know about?

How Blockchain Could Mitigate Your Food Recall Losses

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This hasn’t been the best year for lettuce. Coli outbreaks have led to multiple recalls in the past few months, causing serious illness in more than 150 people nationwide since July. In a recall situation, the risks to consumer health are astounding, along with the financial health of businesses. This disruption to the supply chain not only significantly damages a brand’s reputation, it can bankrupt a company. Businesses lose an average of $10 million per recall just in direct costs.

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Cold Chain Technology Ensures Temperature-Controlled Environment

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Supply chain executives need to ensure that environmental and geological conditions are met. Technology can eliminate data silos and lack of communication for cold chain and blockchain metrics, increasing transparency and improving customer satisfaction. Quality is guaranteed from date of manufacture to consumer delivery. Track and Trace technology ensures that tampering has not taken place, nor counterfeit material is delivered.

The Five Worst Practices in Procurement

The GEP white paper lists 5 common mistakes that impede the success of procurement professionals. Learn from industry veteran Bill Huber about the wrong and right ways to approach a procurement mandate and why just saving money isn’t enough. Download this report now to learn how to avoid the worst procurement practices.

5 Ways to Prepare Your Supply Chain for an Efficient Holiday Rush

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Ready or not, the holidays are coming. Whether it be Halloween costumes, Thanksgiving pumpkins, or holiday lights, customers increase their buying during the holidays and therefore it’s a hectic time for suppliers trying to meet their demand. Despite worries over trade tariffs, consumers are in good financial shape, as the National Retail Federation forecasts holiday retail sales will grow between 3.8 and 4.2 % this year and Deloitte predicts $1.1 trillion in holiday sales.

How to Protect Your Supply Chain from Cybersecurity Vulnerabilities

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With each passing day, cybercriminals grow smarter and savvier. While your organization might practice prudent cybersecurity protocols, the fact is, your suppliers may not be as diligent. According to a survey conducted by the Ponemon Institute , 56 percent of organizations have had a breach caused by one of their vendors. Just this month, food delivery service, Doordash reported a breach caused by a supplier that affected 4.9 million customers.

Contrary to Reality, Supply Chain Collaboration Shouldn’t Be Complicated

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Why You Need a True Supply Chain Orchestration Engine Powering Your ERP. Every supply chain can benefit from an orchestration platform that provides the following capabilities: Multiple integration options to directly connect your business systems with your external suppliers; A workflow and messaging engine that can map to your existing business processes; and.

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Managing Suppliers Doesn’t Have to Be a Monumental (IT or Administrative) Task

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If you want to minimize supplier risk and maximize end-to-end supply chain efficiencies, you must first understand how to make the right technology connections. When you think about supplier relationship management, do you think about how many phone calls, emails or other “communications” it takes to coordinate every last transaction to a tee? Or, do you consider the deeper scope of supplier management: the behind-the-scenes coordination it takes to onboard and collaborate with a single supplier?

How Georgia-Pacific Turned Their Supply Chain into a Competitive Advantage

Georgia-Pacific, one of the world's leading manufacturers of tissue, pulp and paper and supplier to top brands like Brawny, Angel Soft and DIXIE, trusts ClearMetal for their supply chain requirements. Read the case study to hear how one company turned the reliability and transparency of its supply chain into distinct competitive advantages.

The 5 Promises of Demand Planning: Does Your Current Software Solution Deliver?

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Some say intuition has no place in business. Yet, you need to be able to sense market trends if you want to proactively move from a reactive operating model into a more opportunistic stance. This is why Demand Planning – or business forecasting – is essential to the survival of supply chain organizations. However, it is impossible to see the future if you only have filtered access to your past. Hindsight is 20/20 – and the only way to gain clear foresight into “what’s next.”

Reality Check: Why It’s Impossible to Manage an Entire Supply Chain Using the ERP Alone

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Why Every Supply Chain Function from Procurement to Accounts Payable Will Perform Better if You Have an ERP Orchestration Engine (i.e. true Supply Chain Orchestration Platform). ERPs claim to provide process orchestration. The problem is, if you are using more than one ERP to manage your many business processes, then you end up with inefficient processes due to the data silos created by each system. And, while necessary to managing operations, ERPs only complicate supplier management.

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A Supply Chain Evangelist can help your mid-size company get on board with strategic supply chain improvements

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I recently participated in a Supply & Demand Chain Executive panel webinar on the procurement challenges of small and mid-size companies. As you can imagine, the challenges are many, ranging from poor visibility, productivity, and predictability, to low inventory turns, difficulty gathering data to measure supplier performance, and problems reconciling/matching/paying supplier invoices on time.

How Mid-Market companies can get the most from Supply Chain BI without a hefty price tag (pt 2)

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My goal with this series is to help with the careful planning and discipline necessary to ensure that BI efforts do not end up as another failed technology tool that never delivers on its promise. In part one , I provided two key steps to help mid-market companies evaluate their existing measurement tools and data sources. In part two below, I’ll cover the next two steps to select the right tool for the right price and the right features. Step 3: Know why and how you use/will use the data.

Mission Critical: Leveraging Learning Engineering to Drive Digital Transformation

Speaker: Trish Uhl, Founder of Owl's Ledge LLC and the Talent & Learning Analytics Leadership Forum

Digital is disrupting every part of an organization's value chain at a record pace, creating a critical need to transform operations and employees' ways of working. Formal training alone can't keep up; it's often too slow, too generic, inconvenient, inefficient, unduly expensive and lacks or lags methods for measuring business-related effectiveness. Trish Uhl show you how to start leveraging Learning Engineering, a multidisciplinary approach that combines modern technology, data analytics, decision science, learning sciences and change management with human-centered engineering design methodologies to ultimately deliver targeted learning outcomes and business results that keep pace with the business and merge learning into the flow of work and lead Digital Adoption.

Three Steps to Creating a Value-Oriented Supply Chain

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The relationship between buyers and sellers in today’s marketplace often remains transactional, focused on the simple movement and exchange of services and goods. Battling a lack of time and resources, mid-market companies run the risk of remaining wedged in this transactional process, which prohibits them from seeing the full potential in creating holistic relationships with their suppliers and adding substantial value to the organization as a whole.

Want to Improve Supply Chain Performance and Profitability?

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Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. Limitless access to this information, necessary to make critical business decisions, is not feasible if even a single data silo exists. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.).

Supply Chain Orchestration: 5 Ways Your Business Benefits

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Every supply chain is data driven these days. However, not all data driven supply chains are enjoying the same level of visibility, applying the same level of analytics or accomplishing the same level of efficiency gains or profitability. That is because, as my colleague Brad Huff pointed out recently , most supply chains have yet to integrate a supply chain orchestration solution into their naturally very messy IT architecture.

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Supply Chain Orchestration: 5 Ways Your Business Benefits

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Every supply chain is data-driven these days. However, not all data-driven supply chains are enjoying the same level of data visibility, applying the same level of analytics or accomplishing the same level of efficiency gains or profitability. That is because, as my colleague Brad Huff pointed out recently , most supply chains have yet to integrate a supply chain orchestration solution into their naturally very messy IT architecture.

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Webinar on Demand: Resilient Supply Chain Network Design

Speaker: Bhomik Jain, Paul van Nierop & Aanand Pandey

Companies around the world are struggling to cope with COVID-19 disruption. Are supply chain networks resilient enough to weather the storm? Watch this webinar to learn about our research findings in the realm of network design and optimization, and uncover the capabilities you need to build resilience and agility.

Want to Improve Supply Chain Performance and Profitability?

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Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. Limitless access to this information, necessary to make critical business decisions, is not feasible if even a single data silo exists. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.).

4 Reasons to Integrate Order-to-Cash & Procure-to-Pay

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Mid-market companies can no longer afford to manage their supply chains in individual silos that often produce inaccuracies in overall performance and constrain supplier relationships. To combat inefficient operational models, mid-market companies need an end-to-end view of the supply chain by integrating revenue and expense operations. The ease of implementing and onboarding supply chain management solutions gives wider visibility in manufacturing, as well as orders and inventory.

You Shouldn’t “Cross” Supply Chain Data Streams, but you Should Standardize Them

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As companies have moved to make more and more supply chain and purchasing activity digital, the data formats utilized to share that digital information have multiplied in kind. The advent of multiple format options brings flexibility and the power of choice, but can also lead to additional cost, even in today’s world of transform engines and configurable system connectors.

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Supply Chain Evangelism

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The success of mid-market enterprises is fueled by efficient, integrated and aligned supply chain operations. However, with day-to-day distractions, leadership often has limited time and energy to seek and implement measures to enhance collaboration and productivity across departmental operations.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!