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My head is wobbling with announcements, late-night Friday press releases, company name changes, and executive turnover in the supplychain planning market. Logility, a conservative company supplychain planning technology, historically had no debt and cash reserves of more than 80M, is undervalued in this deal.
In a previous post , I made a case for how the Chief SupplyChain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly SupplyChain and Procurement will need continuous collaboration. By aligning supplychain and procurement, spend can be considered more holistically.
The chemical industry is facing some powerful changes that are directly impacting revenues and margins. This means chemical companies need to be adept at managing costs and profitability. Having the right technology is key. Spreadsheets and legacy tools are no longer enough. It’s also highly competitive.
These clothing companies have revolutionized how consumers purchase, wear, and dispose of their clothing. Over the past three decades, three technological shifts have transformed the fashion industry. First, in the early 2000s, advancements in data analytics, RFID, and localized supplychains fueled the rise of “fast fashion.”
Today, supplychain excellence matters more than ever. During the pandemic, the supplychain discussions take new importance. While the supplychaintechnology market lost its allure at the start of the last decade, it is now cool again. The supplychain career is new. Reflection.
I asked companies to “Navigate through the hype focusing on the feasibility of scope and technology.” In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. At the time, the popular belief was that Enterprise Resource Planning (ERP) technologies would build multi-tier capabilities.
GEP and the North Carolina State University (NCSU) SupplyChain Resource Cooperative surveyed supplychain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supplychain resilience and optimization.
The supplychain is knotted. Yesterday, @DamarqueViews asked me a question on twitter: “What do you think are the greatest barriers in the adoption of social technology in the supplychain?” I find the evolution of social technologies, and the promise of social, exciting for the supplychain.
Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. Instead of relying solely on a single, monolithic AI model (based on a massive large language model), a company can orchestrate a team of specialized agents, each leveraging the best AI or mathematical technique for its specific task.
Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? Designed to lift the profession and celebrate supplychain results, I struggle to find that the methodology supports either objective. Almost two decades of reporting.
At the SupplyChain 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 SupplyChains to Admire winner for four consecutive years. SupplyChains to Admire Methodology.
Over the years, cost and efficiency ruled the supplychain agenda. The Chief SupplyChain Officer (CSCO) has gained prominence as organizations tackle the disruption and prepare for a post-COVID world. The CPO and CSCO have stepped up to the challenges brought forth by COVID-19.
” SupplyChain Leader. Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. I loved the quote that I captured today in my interview (see above), and I have enjoyed interviews with supplychain leaders like Peter Gibbons.
Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions.
. <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supplychain planning software. Let’s face a hard fact: the supplychain planning market is a mess. Most have purchasedsoftware, but are dependent on Excel spreadsheets.
GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. When companies want to digitally transform their supplychain capabilities, moving to an integrated business planning process (IBP) is often at the heart of the transformation.
As I wrote earlier this year in Is Your Business Model Safe? , I also shared with them my view that companies will ultimately find opportunities for supplychain innovation at the intersection of Software, B2B Connectivity, and Social Networking — a trend best illustrated by the rise of SupplyChain Operating Networks (SCONs).
In a study conducted by Accenture in 2015 of chemical companies, results showed that 94 percent expect to boost their investment in digital capabilities in the next three years to embrace a competitive advantage. Adding digital functionality will increase customer satisfaction, streamline operations and improve efficiencies.
Companies of all sizes have been capturing the value from Global SupplyChain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. However, you may wonder what kind of practices really work.
That’s where manufacturing inventory management software comes in. The right software can streamline your production, optimize stock levels, and even help you save money. We’re talking real-time tracking, automatedpurchasing, and a whole lot less stress.
What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.
If the word collaboration was listed on a card as a drinking game at supplychain conferences, we would be drunk at many. While we speak of collaboration, the focus is on driving enterprise results not value in value chains. Cash-to-Cash Metrics. Here I share perspective on cash-to-cash abuse. I am troubled.
The Introduction of Smokeless Tobacco Products Complicated Philip Morris’s SupplyChain. This was done at a stock keeping unit level and for the entire manufacturing supplychain. At the end of 2019 that supplychain covered 38 PMI owned factories, 28 third party manufacturers, and more than 180 markets.
Table of Contents Introduction You can have the best technology in the world, but it means nothing if you dont have the proper stakeholders. This is a lesson weve learned at Exiger after helping many of the Fortune 500 and government agencies around the world to map, manage, and orchestrate their complex, global supplychains.
Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supplychain, according to Al Greenwood, chemicals expert and deputy editor at ICIS. The Houthis are creating significant supplychain disruptions for chemical companies and governments.
Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?
Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024. “As
The typical distribution process in the chemical industry looks mostly like this: The chemical producer distributes goods from various locations to a large number of customers, using different forwarders depending on the company’s diverse transportation requirements. Even complex tasks in delivery networks can be flexibly realized.
However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. Why have we not improved our use of channel data in supplychain processes?” My question is, “Why?
And this doesn’t just apply to how long can a vehicle go on a single charge; it also applies to the actual life of a battery, as a new battery can cost upwards of $25,000. Existing technology for EV batteries can only create cells that last up to 20 years or around 200,000 miles before their capacity drops too low to power a vehicle.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
Process chemical manufacturers face complex supplychain challenges including dealing with hazardous and perishable ingredients whose characteristics (potency, color, composition, etc.) I believe there are several key ingredients to formulating a winning process manufacturing supplychain. can vary from lot to lot.
Colombian drug smugglers are disguising cocaine as “fake coal” within major bulk consignments to try to dupe port surveillance operations, according to a new report. For several years now, the e-commerce giant has been developing what it describes as a “multimodal AI model” called the Package Decision Engine.
As a consumer, I expect when I invest in an appliance or a tool, it will keep working for a reasonably long time to bring a return. A case in point is Tesla, the electric car manufacturer, which reported carbon credit sales of $518 million in the first quarter of 2021, with the majority of purchases coming from other automakers!
The article introduced the concept of self-service planning and challenged companies to rethink the concepts of supplychain planning. SupplyChain Insights Training, 2024 The Opportunity Based on my research, I believe there is an opportunity to reduce the number of planning roles by 80-85%. Guess what?
Here I make the argument for change and close with insights on two best of breed technologies to consider to augment direct material processes. Today, the management of the supplychain is harder. Supplychain management is more complex. PFEP optimizes the policies that define how to procure each part.
Process manufacturers face a highly complex supplychain challenge. Add to these factors such as razor-thin margins, SKU-proliferation, globalization, and products that tend to be heavy, bulky and/or expensive to move and it quickly becomes apparent why process manufacturing supplychains are very challenging.
Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean SupplyChain. Therefore, it is paramount for you as a logistics and supplychain professional to have a keen sense of how to properly evaluate a supplier.
Each link in the beer supplychain comes with its own issues and challenges. Post pandemic, evolving pressures will endure to disrupt the beer supplychain in 2021 and beyond. Beer supplychains will need to be flexible to adapt and survive the changes and challenges ahead. What is the beer supplychain?
Sales and Operations Planning (S&OP) is a continuous business process that enables firms from hospitals to chemicals to respond to emerging situations intelligently. To learn more, please read my previous blog ‘ A Guide to SupplyChain Management: Making Intuition More Valuable ’. What is analytics?
If you purchased trucks for your shipping fleet, how much carbon was emitted in making those vehicles? Calculating and Reporting Carbon Emissions. Reporting your emissions is nearly always done based on whether or not the company is making progress in cutting emissions or not. Business travel is also in this scope.
When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” The supplychain is a complex system with increasing complexity.
Over the years, I’ve come across many large, brand-name companies that have been successful by many measures, such as revenue growth and profitably, but when you peeled back the onion on their supplychain processes and capabilities, they were far from best-in-class. From the article: Columbia Sportswear added $415.6
Today Thoma Bravo, a private equity investment firm, announced a definitive agreement to purchase Elemica, a provider of SupplyChain Operating Networks for the chemical industry. In 2014 Thoma Bravo acquired GHX, a SupplyChain Operating Network for healthcare. Is the announcement good for the industry?
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