Remove Company Remove Eliminating Excel in Purchasing Remove Inventory Remove Magazine
article thumbnail

Management of Ocean Transit Time Reliability and Visibility

The Logistics & Supply Chain Management Society

Supply chain visibility is paramount in today’s interconnected and globalized world, enabling companies to make informed decisions, optimize operations, and enhance customer satisfaction. but when demand slowed, the pressure to reduce inventory becomes a lot higher. What is supply chain visibility and why it is important?

article thumbnail

Pushing the Supply Chain Reset Button

The Logistics & Supply Chain Management Society

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Essential Skills for Supply Chain Leaders in Asia during Pandemic

The Logistics & Supply Chain Management Society

Changing Landscape of Supply Chain Executives Traditionally, supply chain executives excelled in managing functions like transportation, warehousing, inventory, and production planning but supply chain process extends beyond the firm, involving global relationships with suppliers and customers.

article thumbnail

Why Have We Not Reduced Inventory?

Supply Chain Shaman

“If only I had the money that the company was supposed to save from the multiple ERP and supply chain projects. This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I am a skeptic. I want to believe.

article thumbnail

Are Our Agri-Food Supply Chains In Crisis?

The Logistics & Supply Chain Management Society

Through trade, countries are able to buy agri-food produce from other parts of the world that are not able to grow efficiently on their own land (or region) or are not in season. These cycles are based on the position away from the equator, creating four seasons: winter, spring, summer and autumn.

article thumbnail

Ultimate Guide To Technologies That Are Transforming Supply Chains

The Logistics & Supply Chain Management Society

According to research from McKinsey & Company, the supply chain dimension has the lowest level of digitization (43%) compared to other dimensions, including products and services, marketing and distribution channels, business processes, and new entrants at the ecosystem level.

article thumbnail

Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

As of January 1, 2022, it was taking a company an average of 73 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey, according to E2open’s Ocean Shipping Index. And companies at every stage of the supply chain have inflated their prices as demand exceeds supply.