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In our blog last month, we discussed how the automotive industry must learn this time from yet another semiconductor shortage by improving management of essential supply chain processes or we will find ourselves in another shortage crisis. One of the reasons cited for the shortage was insufficient forecast information to provide adequate planning for the 22 week lead time, which is typical of semiconductor manufacturing.
These interesting times that we are currently living through have thrown open a lot of challenges. Organizations and decision-makers must be agile and innovative to overcome the challenges that COVID-19 has thrown at us. In India, we had 2 lockdown periods in the last 15 months. Being a supply chain student, I try to watch and analyze day-to-day situations with a lot of interest and I see one area that needs improvement when lockdowns are implemented.
With national and global economies slowly recovering and some semblance of normalcy returning to many areas of life, the focus and reliance on gig contract workers do not seem to be slowing down at all. Gig economy functionality is based on the unique setup where workers accept one job or assignment at a time rather than working a pre-scheduled shift, such as a 9-5 worker.
Learning the difference between third party logistics (3PL) and fourth-party logistics (4PL), as well as 1PL and 2PL, and the rise of even fifth-party logistics (5PLs) is becoming increasingly sophisticated and valuable for driving successful supply chain operations. They all involve a degree of outsourcing transportation functions, whether that’s supply chain cybersecurity management or white glove services , and technically, all 4PLs and 5PLs exist as 3PLs too.
The $53 trillion manufacturing economy in the US is undergoing a major automation paradigm shift due to Artificial Intelligence (AI). Thanks to new practical frameworks, automation projects that were once impossible or inefficient to implement are now being fast-tracked, and robotics automation is becoming increasingly relevant to a growing number of users and scenarios.
How Planning & Optimization Become a Treat. It’s July and that means that many of us are feeling the sweltering temperatures of summer. The sun is blazing, the air is thick, and baby, it’s hot outside! Temperatures are soaring across the land and people are looking for a way to beat the heat. But how? One of the more popular ways to stay cool is with that delectable frozen treat many of us enjoy–ice cream!
The kick-off to the 2020 Summer Olympics in Tokyo, Japan is just two weeks away, after being postponed last summer due to the Covid-19 pandemic. During a normal Olympics, millions of spectators flock to venues to watch over 300 events unfold over the course of two-plus weeks. However, this year, like most everything during Covid, will be different. Earlier this week, a resurgent coronavirus forced Japan to declare a state of emergency in the capital that will run throughout the event.
The kick-off to the 2020 Summer Olympics in Tokyo, Japan is just two weeks away, after being postponed last summer due to the Covid-19 pandemic. During a normal Olympics, millions of spectators flock to venues to watch over 300 events unfold over the course of two-plus weeks. However, this year, like most everything during Covid, will be different. Earlier this week, a resurgent coronavirus forced Japan to declare a state of emergency in the capital that will run throughout the event.
Organizational collaboration. It’s no cakewalk – at least, not in the context of integrated business planning (IBP). Indeed, perhaps the best way to understand the role of collaboration – literally, laboring together – in establishing a mature IBP discipline is to set aside modern, softer connotations of the word and recall that labor comes down to us through Middle English and Old French from the Latin for “toil and trouble.”.
Selecting and implementing a new supply chain solution is a risky career move for any supply chain manager. The wrong solution can cost the company millions and cost the manager their job. In my last post, I talked about why a proof of concept (POC) is a good alternative to using an RFI as the basis for your supply chain software selection. I suggested a POC as a way to “try before you buy” and mitigate the risks of choosing a supply chain planning solution that doesn’t fit your organization or
The effects of the climate crisis are increasingly dominating our global news. We have recently witnessed several record temperatures in North America , Scandinavia , and Antarctica , to name a few. This existential crisis also requires making our food supply chains more resilient. A new study of food shocks and how to buffer against them (Gomez et al., Supply Chain Diversity Buffers Cities Against Food Shocks ) has just appeared in Nature.
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. Today’s article is from Kinaxis and explores the TikTok Effect. Or, why you need demand planning for going viral on social media. Overnight, millions of people are clamoring for your product.
Will your ERP accommodate your complex supply chain planning requirements? This is a big question executives have been faced with over the last year as resilience and sustainability have become increasingly important. Comparing a supply chain planning platform against an ERP system that offers supply chain management capabilities is a challenge. The quality of supply chain operations is critical to evolve business models, deliver new products and services, seize new opportunities, respond to mar
What do you do when the “check engine” light comes on and your car won’t go more than 20 mph on the highway? That was the predicament my oldest daughter found herself in on July 4th as she was driving back home from a visit with friends in Vermont. To make a long story short, Read more Above the Fold: Supply Chain Logistics News (July 9, 2021). The post Above the Fold: Supply Chain Logistics News (July 9, 2021) appeared first on Talking Logistics with Adrian Gonzalez.
I recall laughing out loud when I was first exposed to FMCG BS Bingo – I leave you to work out what is meant by BS but as a hint you may step in it on a farm. This game was designed for boring business meetings where people would pepper their comments and views with the latest buzz-phrases, e.g. blue sky thinking, unencumbered by the facts, bang for your buck and my personal non-favourite, we must touch base.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
As the old adage goes, “There’s just no pleasing some people.” I’m reminded of the story of a grandmother who was walking along the beach with her grandson. A big wave unexpectedly swept the shoreline and dragged the child out to sea. In desperation, the grandmother looked heavenward, reminded God she had attended church faithfully all her life, and begged for her grandson’s safe return.
Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post from Elemica’s blog discusses Chaos Theory, the Butterfly Effect, and their links to supply chain management.
If you missed our webinar that highlighted the story of Rolls-Royce ’s success overcoming the supply chain challenges during COVID-19, you can still access the full recording and learn more about how they worked to create more resilience and efficiency by modernizing and digitizing their supply chain using Ivalua tools. . The past 18 months has shined a light on the criticality of an effective supply chain and procurement management.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Your business may rely on an enterprise resource planning (ERP) system to fill customer orders as quickly and efficiently as possible, but is that fast enough for the speed of today’s commerce? ERP technology like SAP is a generalist solution that can help a business run efficiently, but it lacks the specialized optimization capabilities of a dedicated supply chain management platform.
As Americans were preparing for a long holiday weekend, Russia-based REvil ransomware criminals (aka Sodinokibi), conducted an attack targeting the information technology company Kaseya. In an attempt to downplay the attack, Kaseya issued a press release stating, “Kaseya’s VSA?product?has unfortunately?been?the victim of a sophisticated cyberattack.???
If “cancelled” was the “Word of the Year” for 2020 due to the pandemic, then the early favorite for 2021 is “delayed” — as in orders for everything from sofas to semiconductors getting delayed due to port closures, capacity constraints, labor shortages, and other issues. The first half of the year has also brought us. Read more Top Talking Logistics Posts & Episodes – Plus Indago Highlights (Q2 2021).
Recently, I introduced you to the Enchange Supply Chain House ; the one stop shop for all the elements you need to allow your supply chain to operate effectively. Now is the time to take a deeper-dive look at what you need in place to obtain the best value from your Source discipline.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
System will improve the experience for employees and suppliers while supporting sustainable growth in shareholder value. Massy, France 05 July , 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Scandinavian Tobacco Group (STG) has selected and implemented its platform as the foundation for its procurement digital transformation.
Traditional data management systems worked well when supply chain professionals had more time to adapt, and the enterprise data landscape was more uniform, structured and simple. But the world is different now.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Why don’t you have a TMS (Transportation Management System) Solution yet? Integrating ERP article and permission to publish here provided by Ihor at FiduciaSoft. An ERP (Enterprise Resource Planning) system is the central element of almost every business today. Sometimes referred to as the “Accounting ERP”, these systems are necessary and often even mandated by law, no matter how large or small the business is.
By Vaibhav Malik (pictured). Head of Cybersecurity Advisory Practice, Integrity360. The post Preventing supply chain attacks with zero trust appeared first on IT Supply Chain.
What is Remote-Insourcing? Sounds like an oxymoron, right? Not anymore. Remote-Insourcing isn’t outsourcing—it’s a revolutionary staffing model that lets our clients fill key entry-level positions with top-tier, loyal, long-term talent, integrated seamlessly into their businesses—just like local employees but without the turnover or W2 HR hassles. With under 4% unwanted attrition, you train once and keep the same team for years.
The digital twin of your supply chain must accurately reflect both the shape as well as behavior of your supply chain. In the absence of this you end up with a rough model of the supply chain. Rough models deliver rough results in your financial projections, commitment to end customers and making the right response when a disruption occurs. S&OP modeling is one step above spreadsheet modeling, what you are trying to get away from.
Phil Renaud, executive director of The Risk Institute in the Fisher College of Business at The Ohio State University, discusses how the persistent drought in the western U.S. is forcing food supply chains to rethink their sourcing strategies, as well as pursue longer-term initiatives for coping with the effects of climate change.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 8 of the Best Cryptocurrencies for Investing! Invest in silver article and permission to publish here provided by Suvendu Mohapatra. Silver has been used as a store of value and medium of exchange for millennia. But storing physical silver at home isn’t always the most convenient or cost-effective.
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