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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

While lean manufacturing and just-in-time were game-changing concepts when they were introduced, agility and resilience must be taken to an entirely new level post pandemic. The definition of agility and resilience will continue to evolve. There are Also Commercial Reasons. The Road to Agility and Resilience.

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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

To make things simpler, having a clear lead time definition helps in making sure orders are fulfilled on time and customers are satisfied. With this in mind, we will explore in this blog the definition of Lead Time, its impact, and how mastering it can be your competitive advantage.

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Cognitive Computing: Getting Clear on Definitions

Supply Chain Shaman

There is no common definition of cognitive computing and there are many variants. Only 7% of manufacturers are experimenting with cognitive computing. I think that this is a technology trend that is here to stay with long-lasting implications; however, my advice to technology leaders is to take it slow. Definitions.

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Finished Goods Inventory: Definition & Formula

Unleashed

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control.

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What is Supply Chain Decision Support? Are We Rearranging Deck Chairs on the Titanic?

Supply Chain Shaman

When deploying enterprise decision support applications, there are many implementations and lots of hype but few clear and consistent definitions. PWC’s Digital Trends in Supply Chain Survey reports that 83% of manufacturers say that supply chain technologies have not delivered the expected results. The trend is clear.

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S&OP: Should Not Be a Hammer Seeking a Nail

Supply Chain Shaman

The problem is that few companies have a clear definition of excellence compounded by the lack of clear definition of a business strategy. and there were no respondents that rated their process effective on this definition. The answer lies in the lack of clear definitions to drive outcomes. I used to think so as well.

S&OP 330
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Emerging Trends in Automation: What it Means to Supply Chains

GlobalTranz

While this example may still be a few years off, it is important that you understand how the top emerging trends in automation will shape supply chains and transportation processes in the coming years. The Standard Definition & Components of Automation: Today: There is a standard definition of automation in the supply chain.