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I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. The reason?
Wikipedia In 2014, I was exploring methods to publish what is now the SupplyChains To Admire report. This data source synchronizes corporate reporting across global markets while tracking restatements, name changes, and currency shifts.) As an aside, I do not think that Lenovo is an example of a supplychain excellence.
As a supplychain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. An automotive company I collaborated with conducted detailed modeling of potential tariff impacts on semiconductor supplychains. For example, U.S.-based
Here is the ‘Top 10 Reasons Why Santa Has the Best SupplyChain. #1 5 One currency for every country. 7 No labor costs… except for room and board. #10 No inventory issues. Comment to let us know why you think Santa has the best supplychain! 1 No ERP system, just a list. Let’s see that forecast! #5
” At that time, the sales organization used more point-of-sale data than their competitors, they had an impressive and innovative IT team, and their supplychain processes were what I considered best-in-class. were down 7 percent in constant currency. As a result, 80% of the data surrounding the supplychain is never used.
This week, Gartner is hosting their annual supplychain conference. It is now the Gartner SupplyChain Top 25. The research tries to establish “ who did supplychain best ” by looking at a weighted formula of Year-over-Year Growth, Return on Assets (ROA), and Inventory Turns for the Fortune 500 companies.
With the introduction of digital supplychains, the industry is moving into an era arguably on par with the industrial revolution. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” Excess and obsolete inventory.
by John Westerveld Reason #5: Not having a supplychain risk management process. Over the years, working for and with numerous manufacturing companies, I’ve seen many supplychain practices that cost companies money. Reason #3 Not having end-to-end supplychain visibility.
Is The SupplyChain Out of Rhythm? On a supplychain blog? As I struggle to build musicality, I think about the rhythms and cycles of the supplychain. In all cases, with my clients, I find the internal supplychain is out of step—lacking musicality with either the channel or the supplier base.
Now’s the time for businesses to look back at the strain that rising inflation put on their supplychains and inventory management. Protecting your bottom line starts with a better understanding of the ways inflation affects supplychain management. Is Your SupplyChain Inflation-Proof?
Amongst the issues faced by both businesses and consumers in 2021, supplychain shortages – and the resulting challenges – held strong in the headlines throughout the year. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges.
Supplychain reports offer a comprehensive view of your entire supplychain operation. What are SupplyChain Reports? However, identifying and addressing slow-moving and obsolete inventory is necessary to prevent capital from being tied up in unproductive assets.
A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S. dollar into Asian currencies.
If you’ve ever tried to buy a new car during the chip shortage or waited months for furniture delivery, you’ve experienced firsthand what happens when supplychains break down. Supplychain resilience is your business’s ability to bounce back when things go wrongand in today’s world, things will go wrong.
While tariffs are intended to protect domestic industries and generate revenue for governments, they also present significant challenges for companies that rely on international supplychains. This article explores the impact of global tariffs on your supplychain and offers strategies for minimizing their effects.
Last week in the middle of a presentation, a supplychain leader made the statement, “We have solved the issues in supply through better optimization and use of data. Many supplychain leaders are so convinced they know the answers that they have stopped listening and learning. The issue is demand.
The Age of Agility: Building Resilience in the SupplyChain. Feature Article by Anthony Beavis, Managing Director APAC at Körber SupplyChain. Border controls, China’s zero-covid policy and global shipping costs and energy prices is putting increasing pressure on supplychains throughout the Asia Pacific region.
If you’re a supplychain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Supplychain management is risky business — and the risks are growing every day. whenever you’re discussing supplychain strategy or decisions. more often.
Technology’s place in supplychain operations is well established and much appreciated, as it helps improve accuracy, visibility, and efficiency from orders coming in and shipments moving out. He has led multiple implementations, guiding teams with his strong operational and inventory management skills, and deep knowledge of WMS.
by CJ Wehlage If you read my prior blog, “ Storage Wars rescues supplychain ignominy ”, you would have seen my garage after I moved from Boston to San Diego. I used the supplychain ERP “shedding” theory to innovate and clear out my garage. Know your inventory, what needs to turn now, this week, this month, etc.
economic recession made companies decrease inventories, which increased their need for speed to market and shorter cash-to-cash cycles. Currency is stable and inflation is under control. . Tweet The post Mexico Back in the SupplyChain Spotlight appeared first on Talking Logistics with Adrian Gonzalez.
The conversion is remarkable, especially when you consider that store shelves are just one indicator of the tremendous shifts rippling through the supplychain. Behind the scenes, CPG brands are strategically balancing cost cutting measures with supplychain investments to ensure preparedness for continuing market shifts.
Finance speaks a different language than supplychain. But by monetizing Sales & Operations Planning (S&OP), supplychain planners can speak the language of finance while developing S&OP into a more mature process. Gartner’s research is echoed by Lora Cecere of SupplyChain Insights.
It was back in January 2015, after reading an article in the Wall Street Journal about bitcoin, that my eyes were opened to the potential for blockchain technology to transform supplychain management. As I wrote at the time in Bitcoin: A New SupplyChain Operating System?
While market uncertainty and economic turbulence are likely factors, the hesitancy to take on new opportunities also stems from a misalignment between supplychain and finance organizations. The key to resolving this dilemma is unifying finance and supplychain data, processes, and systems with an Integrated Business Planning platform.
We believe that supplychain excellence helps a company to better balance demand and supply. We also believe that it helps companies to be more resilient: weathering demand and supply volatility while maximizing opportunities and mitigating risks. What does the future of supplychain excellence look like?”
Managing the supplychain of such a global enterprise is challenging. This is an example of a classic supplychain problem, which was affecting Ampacet from both the supplier and provider sides of their business. You may also like: Sensient Colors Mixes the Right Formula for Inventory Optimization.
Supplychain planning in emerging markets is different. Now supplychain professionals have another different set of challenges on how to get product to the entire country where consumer-oriented outlets (i.e. Not knowing how much inventory is at each location. Here’s what we found: 1. Transfer taxes.
by Dr. Madhav Durbha As supplychain professionals, we can grow insular in our thinking, as on a day-to-day basis we risk confining ourselves narrowly to our domain of responsibility or solving challenges specific to our regions. The 2017 SupplyChain & Logistics EMEA summit & expo was one such opportunity.
To ensure long-term growth and protect customer loyalty, businesses need to strive for the automation of supplychain planning. Revealing the True Potential of Supply Optimization. They can automatically evaluate and compare multiple supply alternatives through simulations and perform various business scenario analyses.
I’m fairly conservative when it comes to banking (for example, I’m still not comfortable “depositing” checks using my smartphone ), so using a new digital currency, or “fake money” as my wife calls it, to buy stuff isn’t something that appeals to me, especially since bitcoin’s developer remains a mystery.
Consider the budget for marketing campaigns, distribution setup, technology upgrades, and supplychain improvements. Ensure it supports local payment methods, currency, and shipping options, providing a seamless customer experience. Financial Resources: Evaluate your financial capacity to invest in market entry efforts.
After the SupplyChain Insights Global Summit , I took the time to recharge and took a month off from writing. The presentations from the Summit are posted now on the SupplyChain Insights You Tube Channel. The focus is on the role of supplychain finance in driving supplychain excellence.
One of these challenges that you might not think of immediately is big data in your supplychain —specifically the quality of your data. What might seem like a minor detail, such as differing measurement systems, can dramatically affect how effectively your supplychain functions and how well products move to market.
” He replied, “You probably don’t know much about supplychain, but I am leading a supplychain team for a company that sells tools to Home Depot. ” I smiled, and responded, “I know a little about supplychain. How are things going for you? I know it is a tough environment.”
This concept has gained a lot of currency recently, but it is actually not new. Are you leveraging detailed demand data to optimize service levels and inventories? But there is also an easy and accessible digitalization step available to nearly all companies, and it involves leveraging the data assets y ou already have.
Subscribe to SupplyChain Game Changer. Featuring Our 10 Best Inventory Management Articles! Inventory management is a holistic and logical methodology for handling both raw materials and finished products. Why is Inventory Management Important for Manufacturing SMBs? Subscribe Here! Email Address.
With economic conditions tightening product companies worldwide are focusing afresh on efficiencies and cost savings in their supplychains. For our latest SupplyChain Roundtable we asked four leading experts for advice on crafting a recession-ready supplychain strategy. And it’s costing you!”
In today’s volatile global trade landscape, enterprises face ongoing pressure to optimize their supplychain operations. There are many ways an organization can cut supplychain costs. Mastering Direct Spend Management Procurement teams generally do not report to the chief supplychain officer.
A Three Part Article Series from QAD DynaSys – Greatest challenges to your supplychain. Read Part One 10 COVID-19 Lessons for the Resilient SupplyChain if you missed it. . Robert Drew presents you with 6 Takeaways for Future SupplyChain crisis to overcome challenges of your SupplyChain.
In fact, I can say from experience that supplychain planning automation that increases productivity can be a difficult sell, reminiscent of the scene from the movie Moneyball where Oakland Athletics manager Billy Beane (played by Brad Pitt) tells a room full of scouts that Jonah Hill’s character represents the new way forward.
Almost everyone knows global supplychains have experienced challenges over the past year. When it comes to global supplychains, there are a lot more than two activities that must take place in harmony if things are going to proceed as planned. He writes, “Supplychain synchronization is key to a digital future.”[1].
In the 1990s, I transitioned from managing an emerging supplychain organization at a mid-sized manufacturing company to working for a supplychain planning company. I loved my classes in supplychain strategy and naively believed that companies actively applied the principles of Porter’s theory.
In the 1990s, I transitioned from managing an emerging supplychain organization at a mid-sized manufacturing company to working for a supplychain planning company. I loved my classes in supplychain strategy and naively believed that companies actively applied the principles of Porter’s theory.
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