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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

Studies say that 25% of customers won’t buy something unless it can be shipped in two days or less. To make things simpler, having a clear lead time definition helps in making sure orders are fulfilled on time and customers are satisfied. Time is really important in business.

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Supply Chain Resilience. Really?

Supply Chain Shaman

We are not clear on definition. So, if you use the Supply Chain Insights definition, you might ask, how are we doing commercially against this goal? I believe that the ASCM definition is too reactive and rooted in the traditional, and outdated concepts on risk management. Align on definitions. But few define it with use.

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Untangling The Tangled Web We Weave

Supply Chain Shaman

The continuation of the belief in the definition of today’s supply chain planning is a tangled web that we weave that is a bit of a mess. His position was that the research that I was writing was not being aggressive enough in the definition of global supply chain planning requirements. The year was 2004. The reason?

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Save The Supply Chain Leader From Groupthink

Supply Chain Shaman

To put this in perspective, if they had no planning system and no planners and just assumed that they would ship based on prior shipments, the forecast would be better, and the inventory levels more accurate. In Table 1, to help the reader, we share the definition of the form and function of inventory. Private Equity M&A.

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Supply Visibility: More Important Than Ever. Yet Elusive.

Supply Chain Shaman

Today, more than 1% of the world’s container ships are stuck off major ports. Warehouses are full–often with the wrong stuff resulting in the slowing of the forty million shipping containers around the world. Don’t make the mistake that I did and assume that you know the definition and requirements of visibility.

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Building Value Networks. Stopping the Backward Slide.

Supply Chain Shaman

I struggle to understand why innovation in supply chain networks stalled. Like a rocket ship traveling to Mars, a new press release popped into my email each day. Innovation for supply chain leaders in building value networks stalled. The Venture Capitalists skimmed profit but have not driven innovation. Definitions.

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The Green Corridor: Looking for the Green Lining

The Logistics & Supply Chain Management Society

The number of alternative and dual-fuel propelled container ship orders out numbers the traditional ICE only engines for new ship orders. Aeronautics engineering innovation is sadly only paddling forward in comparison to the ship building industry. I’ll be hoping to see some innovation, but my hopes are not high.