2016

Supply Chain 2030: Forge a New Path

Supply Chain Shaman

The Supply Chain Insights Global Summit is over, but we hope the energy to define Supply Chain 2030 is just beginning. Our goal is to build a guiding coalition to think differently to improve outcomes. Today only 12% of supply chain teams are driving improvement, performing better than their competitors and driving value (as determined by Price to Tangible Book Value). As companies prepare for Supply Chain 2030, we think that it is time to rethink the basics.

A Different Solution to the Supply Chain Talent Shortage

ToolsGroup

“78% of respondents to Gartner’s most recent Chief Supply Chain Officer Survey identify talent as the No. 1 long-term supply chain risk”. There is a lot of documented evidence of a shortage in supply chain talent. Why is it happening? Planning is becoming increasingly complex; not only due to the increasing demand and supply chain complexity, but also due to the wide range of new data sources such as channel data, retail data and even web data - nearly all of which wasn’t available years ago.

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Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable.

6 Supply Chain Lessons from Henry Ford

Kinaxis

by Alexa Cheater Henry Ford has become synonymous with revolutionary advances in manufacturing. His utilization of the assembly line for his Model T changed not only the way businesses operated, but consumer demand as well. As an early technology adopter and strong proponent of innovation, Ford was more than a manufacturing master. He was a supply chain pioneer. His company delivered on affordability and availability, designing with the customer need in mind.

Mission Critical: Leveraging Learning Engineering to Drive Digital Transformation

Speaker: Trish Uhl, Founder of Owl's Ledge LLC and the Talent & Learning Analytics Leadership Forum

Digital is disrupting every part of an organization's value chain at a record pace, creating a critical need to transform operations and employees' ways of working. Formal training alone can't keep up; it's often too slow, too generic, inconvenient, inefficient, unduly expensive and lacks or lags methods for measuring business-related effectiveness. Trish Uhl show you how to start leveraging Learning Engineering, a multidisciplinary approach that combines modern technology, data analytics, decision science, learning sciences and change management with human-centered engineering design methodologies to ultimately deliver targeted learning outcomes and business results that keep pace with the business and merge learning into the flow of work and lead Digital Adoption.

Three Steps to Creating a Value-Oriented Supply Chain

OneSCM

The relationship between buyers and sellers in today’s marketplace often remains transactional, focused on the simple movement and exchange of services and goods. Battling a lack of time and resources, mid-market companies run the risk of remaining wedged in this transactional process, which prohibits them from seeing the full potential in creating holistic relationships with their suppliers and adding substantial value to the organization as a whole.

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Why Quintiq employees are donating their time to the World Food Programme

DELMIA Quintiq

Here’s what you expect a CEO to say upon the announcement of a corporate social responsibility initiative. As CEO of Quintiq, it’s a great honor to partner with the World Food Programme (WFP). Quintiq aims to make people’s lives better with the technology we create, but rarely do we get the chance to do so in such a meaningful way. This is more than just another CSR initiative for Quintiq. It’s about bringing food—the most basic of needs—to those who need it most. Totally true.

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Supply Chain and Logistics Conferences to Attend in 2017

Talking Logistics

Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Most of the conferences on our list are in the U.S., although some are in Europe, South America, and Asia. Many of the leading ERP and supply chain software vendors have customer events in various countries around the world.; you can check their websites for information regarding dates and locations.

The 3 Most Popular Uses of TMS Technology

PLS Logistics

Supply chains are increasingly complex, and companies who leverage technology find competitive rates, enhanced operations, greater flexibility, and cost reductions. Logistics providers continue to work in order to provide added value to their client’s supply chain processes. Successful 3PL relationships include committed and ongoing value through technology -- access to historical and real-time reports can be used to make data-driven decisions that enable lasting results.

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Science of Supply Chain: Researchers Affirm Benefits of Eliminating Information Delays

The Network Effect

The “Science of Theoretical Minimums” (STM) might sound dry and academic, but lurking within is a proven path to dramatic. The post Science of Supply Chain: Researchers Affirm Benefits of Eliminating Information Delays appeared first on The Network Effect. Digital Supply Chain Supply Chain Management information latency inventory management science of theoretical minimums STM supply chain optimization

Webinar on Demand: Resilient Supply Chain Network Design

Speaker: Bhomik Jain, Paul van Nierop & Aanand Pandey

Companies around the world are struggling to cope with COVID-19 disruption. Are supply chain networks resilient enough to weather the storm? Watch this webinar to learn about our research findings in the realm of network design and optimization, and uncover the capabilities you need to build resilience and agility.

End-to-End Supply Chain Collaboration: It's More Than a Technology Platform

LeanCor

Advancing your supply chain to improve performance and working capital requires collaboration. But true supply chain collaboration is much more fundamental than information technologies committing to new platforms. Lean material flow requires each function and firm to first recognize that they are part of a system of interconnected functions. Recognition of the supply chain system is the first step in total cost decision making.

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Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

To drive global scale, companies need to design the supply chain to buy globally and execute locally. Not many companies have cracked this code. The design of the supply chain is fundamental to making this happen. Managing complexity is key. In our interview of the Supply Chains to Admire Winners, we found a unique approach at Carter’s. Here we share the story. About Carter’s. Carter’s, Inc.,

Another Way to Think About Supply Chain Risk Management

ToolsGroup

In a previous blog we described a new concept introduced by Gartner Research about the need for both macro-agility and micro-agility. Now we apply this same macro-agility and micro-agility concept to risk management. In the era of the global supply chain, many companies think about risk management in terms of “ macro agility ”—their ability to anticipate the likelihood of, and develop readiness plans for, major crises that impact the chain, like geopolitical instability and extreme weather.

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

3 Predictions for the Future of Supply Chain by 2030

Kinaxis

by Tom Gregorchik I was recently asked a simple question during an interview: “Where do you see supply chain in 2030?”. I started thinking about this question when it dawned on me… where has the time gone? It seems like just yesterday I graduated from Penn State armed with a degree in Industrial Engineering and started a consulting job implementing demand planning and supply planning modules for a large CPG company.

4 Reasons to Integrate Order-to-Cash & Procure-to-Pay

OneSCM

Mid-market companies can no longer afford to manage their supply chains in individual silos that often produce inaccuracies in overall performance and constrain supplier relationships. To combat inefficient operational models, mid-market companies need an end-to-end view of the supply chain by integrating revenue and expense operations. The ease of implementing and onboarding supply chain management solutions gives wider visibility in manufacturing, as well as orders and inventory.

Is Prescriptive Analytics really going to disrupt how Supply Chains evolve?

AIMMS

In a time when the term ‘disruptive’ is being over-used I find myself increasingly using the term when describing the impact of our product to clients and prospects. It’s uncomfortable because prior to starting with AIMMS two years ago, I spent 20 years in consulting and IT services and experienced many terms being over-used (such as ‘optimized’ or ‘disruptive’). I promised myself that I’d endeavor to never use a meaningful term in a superficial way.

The future belongs to those who can see ahead and plan for it

DELMIA Quintiq

S&OP Maturity Series, part 2 of 5. In my last post , I discussed a scenario in which the S&OP solution was the difference between having to decide if it was better to lose potential profits, or risk upsetting existing, loyal customers – and meeting everyone’s needs. Having a solid S&OP process will become more important as your company grows from one stage of maturity to the next.

Supply Chain Planning Maturity – How Do You Compare to Peers?

Today's supply chains are networked, global ecosystems. An event upstream in a different country or region can cause considerable disruption downstream. The COVID-19 pandemic is an extreme example of how this unfolds in practice. How prepared are supply chain teams to react and recover, from a planning maturity stance? Download this report to get exclusive insights on planning maturity!

Your Supply Chain Strategy is Your Business Plan (Unless It’s Not)

Talking Logistics

More than 14 years ago, when I was still a relatively new supply chain analyst, I attended the CSCMP Annual Conference, and I still remember these words delivered by Michael Eskew, former Chairman and CEO of UPS, in his keynote presentation: “We’re seeing a dynamic shift in the relationship between business plans and logistics, a shift from the perception of our industry as a back-end process to a front-end strategy that informs and supports the entire business plan.

Impact Factors of Supply Chain Management Journals

SCM Research

Few days ago, Thomson Reuters published the 2015 impact factors of well-known management journals as part of their Journal Citation Reports. Two SCM-related journals have an impact factor of 4 or larger: Journal of Supply Chain Management and Journal of Operations Management. Two other journals have an impact factor between 2.5 and 3: Supply Chain Management: An International Journal and Journal of Purchasing & Supply Management. Journals with an impact factor between 2 and 2.5

Nuclear Missiles and Your Supply Chain

The Network Effect

Recent testimony before Congress exposed an unsettling truth about America’s most advanced defense system. And while nuclear missiles may seem. The post Nuclear Missiles and Your Supply Chain appeared first on The Network Effect. Cloud Digital Supply Chain ERP Many-to-Many Network Supply Chain Management Technology The Network Effect defense enterprise software networks PaaS

Omnichannel Takes on Food Industry, Gains Consumer Support

PLS Logistics

There is a shift in how consumers are approaching grocery shopping, using more channels than ever before. Grocery is an $800 billion market – online grocery sales are expected to grow, becoming a $24 billion industry in 2017. Retailers are grappling to not only understand consumers varied shopping patterns, but also capture shares of their increasingly fragmented shopping trips,” says Susan Viaman of IRI.

Supply Chain Resilience in the Face of Uncertainty

Speaker: Aanand Pandey, Supply Chain Analyst & Consultant, AIMMS

This short video explains how scenario modeling can help you improve supply chain resilience and your ability to respond and recover quickly from disruptions. Looking at scenarios side by side provides valuable insights that makes it easier to evaluate impact on your operations, ability to service customers and margin, and the best options to restart supply when supply lanes reopen.

Five Things I Have Learned About Global Supply Chain Planning

Supply Chain Shaman

Another plane, another client; and yet another discussion. They are sounding a bit the same. I am trying to not sound like a broken record. Regional supply chain companies are attempting to define global requirements. They are well versed in requirements for regional supply chain planning, but they are attempting to redefine their processes and be more global. It is very similar to the man in the picture: a company attempting to teeter between two similar, but very different worlds.

What’s Your Forecast Accuracy Target for 2017?

ToolsGroup

Editor's Note: Due to the Thanksgiving holiday, there will be no blog post next week. In 2016, it seemed as if everyone in supply chain was looking to improve their forecasting performance. Companies sought to implement (or re-implement) planning technology solutions, tune and optimize methodologies towards tighter variances, and integrate more accurate information into their planning processes.

The Logistics & Supply Chain of Thanksgiving

Cerasis

The turkey is out of the oven. Rolls are on the table. Family members are starting to find their way into the kitchen, and Thanksgiving dinner is about to begin. The meal is the combination of days of shopping, hours of cooking and endless arguments over what exactly goes into the gravy, but many forget how grand the scope of simply preparing Thanksgiving dinner can be. Think about where each ingredient came from, its journey over the roads, its production and refinement and its cost.

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Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

by Joe Cannata With Hurricane Matthew, the most powerful storm to threaten the Atlantic Coast in over 10 years that has already brought severe damage to Haiti, the Bahamas and several Southeastern U.S. states, obvious disruptions to supply chains and supply chain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. These ports accounted for 18.3% of U.S. container import shipments and 49.8%

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.