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For over a decade, since founding SupplyChain Insights in 2012, I have pounded the keyboard, asking business leaders to think more holistically about the impact of supplychain decisions on the firm’s value, the improvement of a value chain, and the impact on the environment. Thirteen years. Guess what?
CAGR , the global supplychainmanagement software market is expected to touch USD 50 billion by 2032. This one figure speaks volumes about how organizations worldwide want access to the best supplychainmanagement tools to boost efficiency and value in their distribution and logistics network.
These tools turn raw logistics data into actionable insights that drive efficiency, reduce costs, and improve performance across the entire supplychain. In this blog, we explore how logistics data analytics tools are transforming supplychains and what businesses need to consider when implementing them.
Industrial manufacturing supplychains operate in one of the more complex environments in recent memory. Variables like global disruptions, rising input costs, and increasing customer demands continue to challenge even the most sophisticated supplychains. Want to learn more about the Automotive industry?
Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving Chief Procurement Officers (CPOs) grappling with challenges that could make or break their organizations. Amid economic uncertainties and geopolitical shifts, procurement leaders face mounting pressure to drive sustained growth.
Seldom do we find a team excited about demand planning. Supplychain leaders want to improve it, but are not optimistic that they can make improvements. After two decades of process and technology refinement, excellence in demandmanagement still eludes supplychain teams. We need to fail forward.
Today, supplychain excellence matters more than ever. During the pandemic, the supplychain discussions take new importance. While the supplychain technology market lost its allure at the start of the last decade, it is now cool again. The supplychain career is new. Reflection.
SupplyChain Planners Analogous to Secretarial Pools? In my forty years of studying supplychain planning, the groups became larger, but with questionable results. We sidestep vacuous terms like digital supplychain and attempt to measure and redefine flows based the redefinition of planning. The So What?
Goodman titled “ The SupplyChain, Reconfigured.” ” His narrative centers on the evolution of the global supplychain evolving with a focus on labor arbitration ignoring geographic distance and shipping issues. Traditional supplychain practices are no longer best practices. Let me explain.
This week, I was introduced by phone to a marketing leader new to supplychain planning. I listened in amazement when she said, “My marketing plan is based on the fact that supplychain planning is an old technology nearing the end of its lifecycle.” Supplychain planning is evolving.
However, massive gaps in inventory management and global supplychains were exposed over the last 18 months, with the coronavirus pandemic wiping out a total of $50 billion in exports across global value networks. For manufacturers aiming to unify their inventory management, digital transformation is the answer.
Interconnected supplychain planning enables faster, more empowered decision-making. Supplychain organizations are now caught in the clutches of a global economy creaking beneath the weight of cargo embargoes, labor shortages, jammed ports and shipping lanes, and a pandemic that continues to evolve. Let’s face it
What happens when you ask four experts for their thoughts on supplychain transformation? And this is what they shared: How would you define supplychain transformation? If you ask me, supplychain transformation is about redefining the way you work, the way you deliver to customers, the way you operate.
Bowman, managing editor of SupplyChainBrain , asks, “Emerging from the pandemic, where do we go from here?”[2] ”[2] It’s a question with which supplychain professionals have been wrestling for months. Bowman seems to think supplychain professionals should have been better prepared.
Demandmanagement has always been at the top of supplychain professionals’ list of challenges. I am not alone in the opinion ( see Red Wing Shoe Company webcast, Are Spreadsheets Sabotaging Your Forecast ) that spreadsheets may not be the path to supplychain success.
In the 1990s supplychain planning was over-hyped. The growth of the supplychain planning technology market disappointed investors resulting in consolidation and the decline of best-of-breed solutions. Why Is SupplyChain Planning Important? As a result, we introduced black holes into the supplychain.
European SupplyChain & Logistics Summit 2014. Building next-generation supplychains – Supporting growth through innovative and responsive strategies. The European SupplyChain and Logistics Summit has established itself as one of the leading meetings of its kind in the world. Date: 16- 18 June 2014.
In the first episode of this educational series focused on the link between transportation management and supplychain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Is it service?
In this first of a series of blogs, I will be exploring many of the key themes that emerged in the recent Future of Procurement study I co-authored with KPMG’s Procurement Advisory Council. The first of the themes we will explore is the procurementmanager’s role as a support to the Chief Financial Officer.
When I began my career there was no such thing as “SupplyChainManagement” SupplyChain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “SupplyChainManagement”? The Evolution of SupplyChain!
In this blog, explore vital tips paving the way for a prosperous career in supplychainmanagement. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supplychain. Lucky for you.
So, you are thinking about a career in supplychain? While this article is intended as an evergreen resource, to help you navigate in your search for a supplychain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.
For those procurement or SupplyChain executives in suitable organizations, there is an increasing number of uncertainties to manage, especially in today’s tough economic environment. Is there any definitive boundaries for procurement not to step across? If you think so, you are probably too conservative.
For supplychain executives, there is a need to recognize that this may indeed be the new normal. The goal for executives in this environment may indeed be just to preserve revenue through assurance of supply, and managing complex cost reduction. Are these really signs of growth? Perhaps this is indeed the new normal.
As an analyst in the supplychain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. It is a story of supplychain innovation. The product naming convention changed to Demand Sensing (DS) in 2005. Let’s start by taking a look at history.
I recently spoke with an oil and gas executive, who shared with me his thoughts on post-award contract management. He noted that “Demandmanagement and specification management are some of the biggest problems encountered in post-award contracting. Most operators aren’t set up to do this.
With consumer markets more volatile and unpredictable than ever before, companies need to make up for a lack of forecast accuracy with supplychains that can rapidly respond to changing demand , says Chris Vosse, business systems analyst with Teradyne. Demand planners agree: the forecast is always wrong. “We
Understanding more about the needs and wants of customers can help supplychain leaders make informed decisions, improve inventory management, and increase profitability. In recent months, conversations about how to improve forecasting in the supplychain have focused on a subject: demand sensing.
The acronym SCM stands for supplychainmanagement. SCM systems deliver the visibility, insights, and capabilities you need to create your own intelligent supplychain. Supplychain teams must be able to design, order, plan, source, make, and deliver new products and services quickly and efficiently.
AI in the supplychain is here to stay and make waves in the years to come. According to Gartner, supplychain organizations expect the level of machine automation in their supplychain processes to double in the next five years. AI in SupplyChains – The Business Advantages.
In the supplychain sector, just like any industry, we have a multitude of terms that are commonly used.So, I decided to create this list to help you decipher any supply-chain-related terms that you come across for the first time. Barcodes are used to identify and track items as they move through the supplychain.
The current set of supplychain disruptions is being set off by a combination of COVID cases and energy disruptions in manufacturing hubs around the world, labor shortages, lack of capital infrastructure investment, misaligned transportation resources ( a lack of containers, ships, and trucks), and surges in consumer demand.
A new face of procurement is emerging which is recognizing that a new set of value drivers must be developed in the face of massive environmental changes. These topics are emerging in the context of the new view that procurement is about building value for the enterprise.
Disruptions that have occurred during the pandemic have shown how many manufacturers have not managed their supplychains appropriately and have reaped the consequences in terms of insufficient inventory. There are ways to manage a supplychain amid disruptions but they require changes in the way the business works.
In a previously published SupplyChain Matters posting, we called reader attention to a perhaps different senior supplychain leadership model, which being liquor distiller Brown Forman’s new model that is led by a Chief Global SupplyChain and Technology Officer CSCTO) , with IT and global information security reporting to this senior executive.
Check out A “Don’t Touch” Strategy will Dramatically Lean out your SupplyChain! What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Infographic).
Manufacturers have incurred significant financial losses due to supplychain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supplychains often lack data for decision making, have siloed systems and inefficient inventory management practices.
Unsurprisingly, the average Fortune 500 company wastes about $250 million in wages and 530,000 days in managers’ time every year as a result of ineffective decision-making. Businesses, however, need real-time, relevant, and actionable intelligence to effectively manage increasingly complex supplychain networks.
Distinguishing Inventory Management from SupplyChainManagement: While inventory management and supplychainmanagement are closely related, it’s important to recognize that these terms are not interchangeable. Together, they ensure a responsive supplychain that adapts to changing demand.
Distinguishing Inventory Management from SupplyChainManagement: While inventory management and supplychainmanagement are closely related, it’s important to recognize that these terms are not interchangeable. Together, they ensure a responsive supplychain that adapts to changing demand.
Distinguishing Inventory Management from SupplyChainManagement: While inventory management and supplychainmanagement are closely related, it’s important to recognize that these terms are not interchangeable. Together, they ensure a responsive supplychain that adapts to changing demand.
In this October 10, 2023 2023 edition of SupplyChain Matters This Week in SupplyChain Technology we provide our capsule highlights of investments announced by supplychainmanagement focused tech providers. will reportedly be one of the largest fully interoperable chassis pools in the U.S.,
In this regular edition of our featured column, SupplyChain Matters This Week in SupplyChainManagement Technology , we provide a capsule synopsis of noteworthy supplychainmanagement focused technology news which we believe would be of specific interest to our global-based multi-industry supplychain readership.
What does supplychain optimization mean? Put simply, supplychain optimization means using technology to get inventory to the right place at the right time – at the lowest cost and highest profit for your business. Supplychain optimization best practice. Build buffers into the supplychain.
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