article thumbnail

Dancing in the Ring of Fire

Supply Chain Shaman

The ring of fire is corporate politics at the executive level on supply chain performance. Each executive has a different perspective on the definition of supply chain excellence, but they are never discussed and aligned. The definition of the efficient supply chain in this model is the lowest cost per unit.

article thumbnail

Probabilistic Demand Forecasting: Revolutionizing Supply Chains

ToolsGroup

The Limitations of Traditional Single-Number Forecasting There are fundamentally two approaches to prediction in supply planning : The first is the traditional method of predicting one specific outcome. Like betting that a champion racehorse will win a specific race, this “single-number” forecast assumes one definitive result.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chains By the Numbers

Supply Chain Shaman

We are still very early in the definition of end-to-end supply chain excellence. Today, roughly one in three companies have a Chief Supply Chain Officer (CSCO). In our studies, we found that it comes down to the tug of war between functional excellence and the definition of end-to-end processes.

article thumbnail

Public Markets Reward Supply Chain Alignment

Supply Chain Shaman

As a result, I commissioned work to try to build a formulaic representation of supply chain metrics (financial ratios) to tie corporate market valuation to the definition of supply chain excellence. The launch today of the Supply Chain Index is a start, and should not be viewed as an end point.

article thumbnail

Why?

Supply Chain Shaman

Most companies are surprised when we share their results on the Supply Chain Effective Frontier. The ability of a company to balance and improve growth, profitability, cycles and complexity in the value chain over the decade.). 2) Definition of Supply Chain as a Function versus a Way of Doing Business.

article thumbnail

Defining Supply Chain Excellence: One Column at a Time

Supply Chain Shaman

The term supply chain excellence is easier to say than define. It permeates corporate strategy, but it lacks definition. I have been trying to define it as a supply chain analyst for over fifteen years. The rise in complexity happened faster than supply chain leaders could improve supply chain performance.)

Gartner 382
article thumbnail

Congrats to the Winners of the Supply Chains to Admire 2023

Supply Chain Shaman

In retrospect, I find that technology is an enabler, but only if we are clear on what defines supply chain excellence. Many believe that an ex-supply chain exec knows the definition of supply chain excellence. Please use caution, few led a Supply Chain to Admire Award Winner.