What is ABC Analysis?

SupplyPike

Learn about: What an ABC analysis is How you can implement it How Walmart uses it in its daily business. ABC analysis is based on “ The Pareto Principle ,” also known as the 80/20 rule. An ABC analysis helps you clearly assess this effort and also shows the importance of individual factors to the business. Implementing ABC Analysis. Zero in on the component for analysis and specify the success parameters. Make decisions based on an analysis of the categories.

Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

After finishing the Supply Chains to Admire report and the Youtube series (to be released this week), this is my feeling. What Is Supply Chain Excellence? The seven years of work on the Supply Chains to Admire is part of my quest to answer Keith’s question.

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Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. Pre-pandemic only 30% of supply chain leaders were satisfied with their supply chains, and during the pandemic, business leader satisfaction is falling precipitously.

The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

Cerasis

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Meanwhile, cloud technology enables companies to expand infrastructure without significant investment or use of resources, reports AXIT of Supply Chain 24/7. Since the driver shortage only appears to be growing worse, keeping today’s drivers driving is essential to the success of the supply chain.

Mourning the Death of the Data-Driven Supply Chain Guy

Supply Chain Shaman

As a great supply chain leader and my client for ten years, his energetic spirit always lifted my soul. He quickly replied and asked that I call him each week and talk supply chain. ” So, for two years, I called Joe each week to talk supply chain.

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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.

Terrorism and Supply Chain: A Growing Threat of Supply Chain Terrorism

Cerasis

Terrorism is a reality that, unfortunately, requires our growing attention in the supply chain world. The British Standards Institution Supply Chain Services and Solutions publishes an annual report that analyzes global trouble spots for supply chain operations. This year’s report focused on the continual rise in terrorist attacks and how it will continue to affect the supply chain. Supply Chain

Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

In my work with Supply Chain Insights , I immerse myself in learning. I continually question my long-held beliefs on supply chain excellence. . When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking. We then worked on the analysis. 5) Gaps between Supply Chain Leaders and Planners.

5 Drivers of the Digital Supply Chain in Manufacturing

ThroughPut

According to recent studies , in the absence of a solid digital supply chain infrastructure, manufacturers can expect up to 44% supply chain complexity and inefficiencies, which can create growth barriers. What is Digital Supply Chain in Manufacturing?

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Supply Chain Management: A Content Analysis

SCM Research

2011): Supply chain management: A multidisciplinary content analysis of vertical relations between companies, 1997–2006. Particularly, the article confirms my suspicion that there is “shortage of studies conducted on the supply chain as a network of enterprises “ Instead, most research turns out to focus on a single enterprise or on the relationships of a single enterprise with its suppliers or customers.

Digital Supply Chain Predictions!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com. Subscribe Here!

What is DFMA (Design for Manufacture and Assembly) Analyses And How Can It Reduce Supply Chain Costs?

Cerasis

Editor's Note: First of all, you may ask yourself, "Why is a 3PL who helps manufacturers with transportation management efficiency be talking about manufacturing efficiency?" The reason, is that we don't only want to provide content about transportation management, although we do right a lot about that, but we also want to give our customers and potential customers, who are primarily manufacturers, other ways they might gain efficiency. Assembly Analysis.

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supply chain. The Sam’s Club and Costco shortages of water, toilet paper and laundry products signals one thing for me: the spread of the virus will disrupt every supply chain. As markets shift, supply chains struggle to adjust. The order is a poor proxy for demand and few supply chains have access to consumption data.

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Lab work testing follows vital sign analysis. In my work with manufacturing companies recently, I am thinking a lot about the need for diagnostic testing. Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. To complete a supply chain diagnostic, I take these four steps: Step One. Use the peer group analysis to establish realistic targets.

Congratulating the Supply Chains to Admire Winners

Supply Chain Shaman

This afternoon, I poured myself a cup of tea to pen congratulation emails to the Supply Chains to Admire award winners. It takes us three months and two full-time research assistants to finish the analysis. In the calculation of winners, we measure improvement through a vector analysis of orbit charts at the intersection of inventory turns/operating margins and growth/ROIC. Each year, based on feedback from supply chain leaders, we refine the methodology.

How Disruptions like Coronavirus Test The Resilience Of Supply Chain Planning

AIMMS

Manufacturers like Hyundai are experiencing a shortage of components that threaten s to halt production. The virus continues to compromise supply chains and disrupt companies at a troubling rate, but a re businesses prepared from a supply chain planning perspective? . The era of globalization has enabled supply chains to be broader and more connected. The resilienc e of supply chain plan ning is being called into question.

4 Best Ways Manufacturers Can Perfect Their Supply Chain

USC Consulting Group

Leading the way — and defying the odds — are manufacturers. Yet with COVID-19 and product shortages still a reality, some manufacturers are wondering what they can do to improve their supply chain resiliency to prepare for present and future disruption. If your company is in a similarly tenuous situation, below are a few recommendations to help you shore up your supply chain risks. No supply chain is perfect.

New Data Insight and Analysis Tool, BluIQ by BluJay, Provides Real-time, Actionable Data Views into Supply Chain Applications

BluJay Solutions

BluJay unveils solution that puts configurable, visual data at the fingertips of any user for faster insights, easy analysis, and better decision-making . May 14, 2020 – BluJay Solutions , a leading provider of global supply chain software and services, announces the launch of BluIQ by BluJay, a data and insight analysis tool that offers real-time, actionable supply chain data in a configurable visual dashboard.

Supply Chain Analytics- Towards Intelligent Manufacturing

ThroughPut

What is Supply Chain Analytics? Supply Chain Analytics aims at enhancing the manufacturing operational efficiency and overall operational effectiveness by enabling informed data-driven decisions across the factory floor. Typical Supply Chain Challenges.

A perfect supply chain?

Kinaxis

by Matt Benson If your 3PL supply chain problem was to deliver 400,000 items daily from supplier to customer and your on-time in full metric was a six-sigma target standard of 1 failure per million, how would you do it? Well, the answer in reality is that we really do need both – not all of our problems are only 3PL issues with supply chains having such stable demand signals – same item, same quantity, to the same customer, pretty much every day.

Streamline Your Supply Chain with a Network Analysis

CH Robinson Logistics

Supply chains are innately complex. That’s where working with a third party logistics provider (3PL) with knowledgeable supply chain engineers comes into play. With dedicated time and applicable knowledge, supply chain engineers give you the clarity and expertise that can help simplify—and improve—your supply chain. A simplified, streamlined supply chain with better visibility to inventory and optimal warehouse locations.

Supply Chains to Admire: 2016 Results

Supply Chain Shaman

Five months of analysis. This morning, we announced the Supply Chains to Admire Winners and Finalists for 2016. Selfishly, we need standard for our research, but we also want to help supply chain leaders gain new insights from a deep data-driven analysis. There is no agreed standard for supply chain excellence. The Supply Chains to Admire analysis is now in its third year. Figure 1: Supply Chains to Admire Methodology.

Improving Supply Chain Collaboration: Connecting Data

Kinaxis

by Teresa Chiykowski Welcome to the first blog post in our three-part series discussing three ways to improve supply chain collaboration. Maybe I’m stating the obvious but… a lot has changed in the world of manufacturing since Keith Oliver of Booz, Allen and Hamilton Inc. coined the term “supply chain management” in early 1982. It’s no surprise that today’s supply chains are more complex than those of three decades ago.

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Taiwan Earthquake Supply Chain Impact Analysis White Paper

Resilinc

Taiwan is the world’s leading producer of semiconductors and integrated circuits (IC), and high tech companies are wondering how this earthquake could affect the global electronics supply chain. While initial reports of the quake emphasized minimal damage and interruption to the major chip foundries concentrated in southern Taiwan, there are less apparent global supply chain impacts that will likely be felt in the near future. Around 4 a.m. on February 6th, a 6.4

Embracing the Digital Supply Chain

Supply Chain Shaman

As I drank a cup of coffee and waited, I reflected on the article I had just completed for the Institute of Supply Management. At their request I wrote on the digital supply chain. Digital supply chain is such a buzzword. The digital supply chain is about SO much more than gadgets.” Yet, within the supply chain, everyone waits for data and insights. Supply chains do not move in the cadence of the market.

3 Challenges to Supply Chain Collaboration

Kinaxis

by Bill DuBois Today’s supply chains are more complex than ever before. Data extraction and analysis is happening in siloes. Each department is taking a vertical approach to reporting, where the focus is on individual functional metrics, instead of the health of the entirety of the supply chain network. As outlined in our recent eBook 3 Ways to Improve Supply Chain Collaboration , this enhanced collaboration begins with connecting data.

Making IoT in Manufacturing & Supply Chain Work by Using Cloud Technologies

Cerasis

The IoT,” it explains, “comprises an ecosystem that includes things, communication, applications and data analysis.” McKinsey Global Institute simplifies this a little to say the IoT comprises “sensors and actuators connected by networks to computing systems”. Data Storage and Analysis. Data Storage and Analysis. Centralized analysis can help you do that. Internet of Things Manufacturing Supply Chain Technology Warehouse IoT

L’Oréal: A Case Study in Supply Chain Excellence

Supply Chain Shaman

At the Supply Chain Global Summit 2018 , Francois discussed the impact of digitalization, Industry 4.0, and L’Oréal’s approach to business that has allowed the company to continuously rank as a Supply Chains to Admire winner for four consecutive years. We complete the analysis each year. Read more to understand the details on the Supply Chain Index ,). Supply Chains to Admire Methodology. In this analysis, patterns matter.

Value Chain Analysis for Superior Supply Chain - SupplyChainOpz

Supply Chain Opz

Value Chain Analysis for Superior Supply Chain. What is Value Chain and Value Chain Analysis? Many academics and practitioners use the word "value chain" and " supply chain " interchangeably. This article will shed light on the development of value chain and how to use it to create a superior supply chain. Value chain is a concept proposed by Michael Porter in his book "Competitive Advantage" in 1985.

Reflections on Integrated Supply Chain Planning

Supply Chain Shaman

In the presentation, I shared data on the evolution of supply chain planning and the results on user satisfaction. Neither technology vendor is an industry leader in delivering a solution that fits the needs of the supply chain planner. The common perception is that SAP and Oracle supply chain planning solutions are superior to best-of-breed Advanced Planning Solutions. Summary Data of User Satisfaction with Supply Chain Planning Applications.

Technology Improves Manufacturing Disaster Preparedness

DELMIA Quintiq

Disaster preparedness is imperative everywhere, but that goes double for the manufacturing industry. That means a company’s supply chain activities, vendors and talent pipeline could very well span the globe. Predictive Analysis for Shipping. There are many technologies companies can use to better understand, gather data from and visualize their entire supply chains. Best Practices Digital Twin Digitalization Manufacturing Natural Resources

Supply Chain Artificial Intelligence Offers Wisdom to Supply Chain Management

Cerasis

Our previous discussion on augmented reality revealed a new trend in supply chain management , the use of computer-simulated imagery to enhance production and efficiency. However, the supply chain tends to forget how augmented reality will naturally transform the entire supply chain, and supply chain artificial intelligence is one of the key driving forces behind supply chain augmented reality.

L’Oreal: A Beautiful Supply Chain

Supply Chain Shaman

In the process of compiling the Supply Chains to Admire report for last year’s Supply Chain Insights Global Summit , the research team at Supply Chain Insights calculated the rate of supply chain improvement of companies by industry for the period of 2006-2013 and 2009-2013. We wanted to see which companies were driving the fastest rate of improvement on the supply chain metrics that matter. Defining Supply Chain Excellence.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The design of the supply chain is fundamental to making this happen. In our interview of the Supply Chains to Admire Winners, we found a unique approach at Carter’s. Shipping approximately 400 million selling units consisting of 700 million manufactured units per year, Carter’s employs about 4,000 employees at its peak. Supply Chain Index.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working. Let’s learn and apply it to supply chain management.