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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. Last year, the lovefest was digital supplychaintransformation. Investment in Legacy Technologies. The Lovefest with Shiny Objects.
In our recent survey on analytics, today 74% of companies are attempting to improve supplychain visibility (as shown in Figure 1). Projects Being Implemented as Part of a Digital SupplyChainTransformation Project. Visibility means many things to different people. What To Do? Use it to educate your organization.
Challenges Traditional definitions of supplychain excellence focus myopically on cost but are too slow in making decisions in inflationary periods. Companies needed quicker answers with better insights, but current organizational processes are slow, putting supplychains on the back foot. Shift in cycles.
To me, the integrated supplychain made no sense. I believed that planning needed its own system of record and that this definition was distinctly different from a transactional system of record. This goal is at odds with making the supplychain more effective. Transactional systems are vertical by definition.
Make digital supplychaintransformation a priority. I define the digital supplychain as “rethinking the atoms and electrons of the supplychain to improve value.” In each of these process definitions, the “What?” So what to do? ” This takes many forms.
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.
While these teams try to piece together the picture, which is difficult, in rooms with few details, overall excitement for supplychain technology advancement is waning. Digital Transformation. As a conference attendee, the discussions of digital transformation for me stretches over the period of 1988-2017. It worries me.
According to a survey from the Digital SupplyChain Institute (DSCI), the design of and transformation to a digital supplychain with the customer in mind, can reduce procurement costs for all purchases of goods and services by 20% and reduce supplychain process costs by 50%.
And we have more than enough package supply to utilize the 40 planes we’ve procured.”. Moving on to transportation management software news, private equity firm TPG Capital has entered into a definitive agreement to acquire a majority interest in Transporeon from The Riverside Company and other shareholders.
Services Matias Offer on SCMDOJO Logistics Consulting Maritime Freight Sourcing and Procurement Logistics Technology Sourcing Executive Mentoring Guide: Matias, our supplychain consultant, has also created Maritime Freight Sourcing and Procurement Guide , which is available from SCMDOJO Academy.
Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. TradeEdge – Demand Chain Management. « SupplyChain Agility - Is it for Real? Main | Make your Assets Green, as Dollar is Green » A New Lens for SupplyChain Roadmaps.
In our Ferrari Consulting and Research Group’s 2023 Predictions for Industry and Global SupplyChains , we also noted that a heightened need for data standardization and more universal definitions across logistics modes remains a challenge toward achieving end-to-end visibility of physical goods.
That’s now changing as more people realize that supplychain is the central nervous system of the business— effectively it is the business. During the 1970’s there was enough growth to hide a multitude of sins, but that’s definitely no longer the case. Dynamic Alignment. The “one size fits all” model just doesn’t work anymore.
Additionally noted is that customers utilizing procurement spend management software, and SAP Business Network platform technology, can anticipate generative AI support to navigate changing supplier dynamics, engaging suppliers more effectively and enforcing compliance to processes.
This article briefly overviews some newer features of both state-run and private health organisations’ supplychains, with the emphasis on hospital supply, in an age where limitless funds are definitely no longer a feature. Hospital and Healthcare Supply: The Need for Change.
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. .
The SCOR model defines functional improvements, but falls short in defining cross-functional supplychaintransformation. The traditional supplychain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. Responsive SupplyChain. Barrier #1.
In practice, however, companies can create profound contributions to SDG 16 through their sustainable procurement programs. Here’s why: Unveiling SupplyChain Risks. All in all, delivering SDG 16 through sustainable procurement in the Financial Service sector is not only relevant, but turns out to be crucial as well.
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.
Trump Administration will lead to added strategic assessments and/or tactical changes of existing global, near-shored or domestic supply network sourcing strategies. Chief SupplyChain Officer or Chief Procurement Officer efforts directed at short and longer term strategy setting will be all consuming, depending on specific industry.
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