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Over the past decades the definition of the supplychain has become narrower with a focus on supply and improving enterprise efficiency which decreases resiliency. Functional Metrics and the Lack of Alignment to Strategy. Last year, the lovefest was digital supplychaintransformation.
While consultants wave their hands and tout new approaches, the most important step that a business leader can take today to improve future performance is the development of a shared vision for the organization on supplychain excellence. Digital supplychaintransformation is over-hyped with a lack of clarity on value.
Metrics used to evaluate these new books are as below, 1) Citation count from Google Scholar 2) Number of reviews found on Amazon.com 3) Editorial Opinion Citation count is a standard way to evaluate any publication. So, customer''s review on Amazon.com (3 stars or more) is also used as a metric.
Book Review - SupplyChainTransformation: Building and Executing an Integrated SupplyChain Strategy. How should a company formulates sound supplychain strategy ? The good news is, the new generation of strategy formulation technique dedicated to supplychain management is now available!
Definitions: Provocateur. In a digital transformation, the challenges are many. It starts with the lack of a clear definition. Or agreement on the definition of supplychain excellence. Sometimes, even the definition of a supplychain is not clear. ” Incrementalism. I am tired.
It is hard work to maintain the status quo in metrics performance. A balanced portfolio of metrics delivers the greatest value. The supplychain is a complex, non-linear system. The belief of “best practices” as defined by historic supplychain processes is not supported by the balance sheet analysis.
Hoax definitions – to trick into believing or accepting as genuine something false and often preposterous. To measure improvement, performance needs a clear definition. Supplychain leaders are competitive. They want to drive supplychain excellence; but today, the definition is not clear.
What needs to be the same : Common Definition of Time Horizons. MetricsDefinition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. There needs to be a common definition of supplychain excellence.
The definition is different by company. What needs to be the same : Common Definition of Time Horizons. MetricsDefinition. The organization needs to be clear on the Metrics That Matter and the alignment of vertical silos’ metrics to the balanced portfolio. Cycle Frequency. Reporting Structure.
Digital Transformation. Our definition of the digital transformation is not specific to certain IT projects. Rather, we see it as a series of projects and technologies that transform the supplychain end to end. Case Study: Microsoft’s Digital Transformation. Advanced analytics. API connectivity.
Accurate, high quality data is necessary for decision-making, forecasting and tracking trends and metrics. Stopping short of mobilizing core supplychain processes, such as mobile data collection, can lead to hidden barriers and inefficiencies at the line level. Connecting and Informing Your Business.
Today, I am going to share five insights that I have gleaned from our work on SupplyChain Planning Benchmarking. Let’s start with a definition. There are many different meanings/understandings of the term supplychain benchmarking in the industry. A common definition is essential.
Definition. Too few companies understand that the supplychain as a complex system with finite and non-linear relationships between the metrics. Our goal is to help supplychain visionaries, around the world, break the mold and drive higher levels of financial improvement. Cambridge Dictionary.
Digital Transformation. Our definition of the digital transformation is not specific to certain IT projects. Rather, we see it as a series of projects and technologies that transform the supplychain end to end. Case Study: Microsoft’s Digital Transformation. Advanced analytics. API connectivity.
Digital Transformation. Our definition of the digital transformation is not specific to certain IT projects. Rather, we see it as a series of projects and technologies that transform the supplychain end to end. Case Study: Microsoft’s Digital Transformation. Advanced analytics. API connectivity.
There is less consistency on an industry standard definition for these processes. S&OP and inventory solutions are still in evolution with a wide range of definitions and deployments. Our goal is to help supplychain visionaries, around the world, break the mold and drive higher levels of financial improvement.
In this SupplyChain Matters editorial commentary this Editor dwells on data relative to U.S. corporations having actually accelerated stock buyback efforts contrasted to ongoing investment needs for supplychaintransformation focused on added agility, more improved resilience and augmented technology support.
Definition of a Mistake: An action or judgment that is misguided or wrong. Sales and Operations Planning (S&OP) is important to building value chain agility and improving enterprise performance. 2) Lack of Balance in Process Definition. About the Author: Lora Cecere is the Founder of SupplyChain Insights.
Accurate, high quality data is necessary for decision-making, forecasting and tracking trends and metrics. Stopping short of mobilizing core supplychain processes, such as mobile data collection, can lead to hidden barriers and inefficiencies at the line level. Connecting and Informing Your Business.
McKinse y, Cap Gemini and the Boston Consulting Group all suggest digital transformation is about applying digital technologies [such as Artificial Intelligence (AI), Machine Learning (ML), the Internet of Things (IoT) and Blockchain] to operational processes and creating improvements.
My answer is that a digital supplychain process uses new technologies to define processes to sense, respond and orchestrate bidirectionally from market to market (from the channel to supplier networks). This is a very different definition than the traditional supplychain practices that are often touted as “best practices.”
In the process of compiling the SupplyChains to Admire report for last year’s SupplyChain Insights Global Summit , the research team at SupplyChain Insights calculated the rate of supplychain improvement of companies by industry for the period of 2006-2013 and 2009-2013.
He is an engaging personality: definitely a people person. Join us at the digital showcase during our Welcome Reception on September 8th to get hands-on experience and gain exposure to case studies by supplychain leaders that are driving outside-in transformations. SupplyChainTransformation.
I believe there is a big difference between the verbs “change” and “transform”; although it’s difficult to define one without using the other. My preferred definition of transformation is: “A thorough or dramatic change in form or appearance.” Paths to supplychaintransformation.
As part of our Expert Insights series, SupplyChain Nation sat down with Rich Sherman, a leading supplychain industry consultant and analyst to discuss his book, SupplyChainTransformation: Practical Roadmap for Best Practice Results. I have a chapter in my book on getting management commitment.
One of the most interesting sessions was a breakout on Digital Transformation, led by Slalom. Individually and then in small groups, we brainstormed the definition, key goals, and key challenges of digital transformation. However, almost all leaders believe the benefits are worth it, especially for supplychain.
This includes digital supplychaintransformation and Enterprise Resource Planning (ERP) upgrades. Educate on the importance of designing flows and aligning metrics. In the process, take these steps: Measure demand and supply variability and use it in the design of flow. I hope this helps.
Online retailers who have embraced digital supplychaintransformation did so to combat common logistics challenges that came to a head during the pandemic. This article offers a roadmap in how to move forward with supplychain digital transformation, and how partnering with a 3PL like ShipBob can help. .
It is hard because academic programs are out of step with the market, and that the consortia programs of CSCMP and APICS, while driving functional improvements, are not equal to the task of giving us the building blocks to drive a digital transformation. About Lora: Lora Cecere is the Founder of SupplyChain Insights.
Before we get into that, let me just do a quick introduction to our predictions because I think it sets an important context, and that is that, you know, throughout 2020, the COVID-19 pandemic really tested the resiliency, ingenuity and resourcefulness of supplychain management teams, basically when it counted most.
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