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Sorting through this to make a decision on a new planning solution at this time is tough. .” I agree that the market is a bit of a mess. Each supply chain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. My advice? You are right.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
This is starting to mount cost pressures just at the time when additional investments are needed to build resilience. The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g.,
Real-Time Social Listening Integration Traditional supply chain planning relies heavily on historical transactional data, which inherently delays responses to rapidly shifting customer preferences. The latest ML algorithms can detect subtle shifts in consumer sentiment that precede actual purchasing behavior changes by weeks or even months.
Today, supply chain excellence matters more than ever. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. They are just too risky. Reflection. The supply chain career is new.
In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence. In follow-up qualitative interviews, one of the largest issues with organizational alignment was metric definition and a clear definition of supply chain excellence.
Supply chain excellence is easier to say than to explain. The promise of a well-intended consultant just sounds sooooooo good. Keith led the work to move P&G from a regional to a global manufacturer opening up the Warsaw center of planning excellence and outsourcing IT to HP. The reason? A Case Study. Was this by design?
In 2012, when I started Supply Chain Insights , I believed that I could revolutionize the purchase of supply chain planning solutions by initiating a rating and review process across trading partners. Buying supply chain planning software is hard. Many technologies (I count six) are missing, and most of the ratings are just wrong.
Several factors contribute to customer loyalty, but providing excellent customer service—and a top-notch experience–is one of the most important in driving retention. 6 Examples of Excellent Customer Experiences. Their time is highly valued. Each customer is treated like a friend, one worth investing time and energy into.
There will be little relief in 2022 unless the factors driving the increased import volumes—a strong economy and the fundamental shift in consumer behavior to purchase more goods and less services—change. Near or re-shoring sourcing strategies will be evaluated to “shorten” supply chains and gain greater control of supply chain performance.
Commerce is global and regional at the same time, the world is getting smaller and more interconnected, and Consumer Packaged Goods (CPG) manufacturers operate in this build-anywhere and sell-anywhere market. The classical approach involves functional silos, sequential decisions, and Excel and people to render a plan executable.
Background The Council of Supply Chain Resilience met for the first time this month. Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality. The reason?
Clear operating strategy and definition of supply chain excellence across plan, source, make and deliver. Most companies buy decision support technology, but do not redefine work to improve decisions. The journey for S&OP is a road with many ruts and potholes. I am also amazed. Drives Value. S&OP is a business process.
Unloading times are double and costs are triple. At the time, a functionally encased view of visibility was sufficient. Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. Supply chain shortages abound. The supply chain impact is unprecedented. Reflection. My personal learning?
Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” The issues are largely rooted in politics and the lack of clarity on supply chain excellence. In a recent blog post, I was challenged by Anna.
These passports document all aspects of the life cycle – from the sourcing of raw materials to final disposal or recycling. Information must be collected at each stage of a product’s life, including material sourcing, energy use, and environmental impact. What Components Comprise a Digital Product Passport?
What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so. the public sector).
Yes; someday it will happen, but not any time soon. They excel in the four Ps of marketing. In contrast, a market-driven organization connects bidirectionally market-to-market to orchestrate the signals to shape demand and mitigate risk (buy-side to sell-side and back). ” I laughed. Such a deep question on twitter.
This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence. Procurement professionals focus on sourcing goods and services, negotiating with suppliers, and managing contracts. Misalignment doesnt just create inefficiency – it creates risk. The problem?
Understanding how your Procurement and Supply Chain KPIs are performing isn’t just a nice-to-have; it’s essential for survival and growth. Identify Bottlenecks & Opportunities: Quickly spot areas that are underperforming and need attention or areas where you’re excelling. Are you truly getting the best value?
<Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. I think that it is time for some straight talk. They center on how to make a good decision in the purchase of supply chain planning solutions. Get a cup of coffee.
A company buys these solutions to optimize their business. Rich Sherman – a Senior Fellow in TCS’s Supply Chain Center of Excellence – points out that many companies are building control towers to better manage their supply chains. The network a company gains visibility to with their control tower is just one of many networks.
In his role, Ernest owns strategic sourcing, materials planning, customer care, and logistics operations globally. In 2018, Rockwell Automation won the Supply Chains to Admire Award. To understand the journey, we interviewed Ernest Nicolas, head of the global supply chain at Rockwell to gain insights. Note the general trend of improvement.
For various reasons, many drivers show up unexpectedly and at the same time. This past October, the consortium endorsed a universal standard for an API (application programming interface) that eliminates the need for multiple interfaces and allows carriers to interact with just one. Bottom line: yards are hard.
While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Unfortunately, it just got worse. The healthcare provider world is facing tremendous strain as a result of the pandemic. I have some real context of this, living in NYC and having a family member that works at a hospital.
The changeover times for the CM Bartlelts was 5X more prolonged than the more agile IM machines. Equipment washouts represented 11% of the change over time and were a significant barrier to agility. I reached out to the corporate R&D team for help, but they did not have the time to work on the change. Sharing My Experience.
Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree.
Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. It is just not enough to do a software upgrade or slowly push continuous improvement projects. Nick is a master of influence skills and building cross-functional, horizontal processes. In this post we share our take on his journey.
In the automotive sector, manufacturers are simultaneously reducing inventory costs and delivery times. An efficient procurement process optimizes vendor selection and purchasing decisions to maintain cost-effective inventory levels. Streamlined operations: Ensuring smooth, uninterrupted flow from suppliers to customers.
But to do that effectively, they need more than just spreadsheets and static dashboards. They need visibility across multiple internal systemslike ERP, CRM, and financial platformsand even external sources shared with suppliers, partners, and customers. They served a purpose but lacked flexibility and real-time relevance.
With numerous options available across the source-to-pay spectrum, weve compiled the top three key technologies CPOs should embrace in 2025: 1. With numerous options available across the source-to-pay spectrum, weve compiled the top three key technologies CPOs should embrace in 2025: 1.
This morning, the New York Times pushed me an article by Peter S. I would like for us to move past the conventional view of sourcing strategies and globalization to drive improvements to the supply chain in a variable world. The populist narrative of sourcing globalization is only part of the story. Let me explain. Not so today.
Supply chain planning is not just for the big boys. They source plastic pellets and then use injection, blow molding, rotational molding, and thermoforming to produce their finished products. They source plastic pellets and then use injection, blow molding, rotational molding, and thermoforming to produce their finished products.
In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.
He is very passionate about developments in the Supply Chain arena and is always seeking excellence in his drive for efficiency & innovation in Supply Chain operations” – a quality that is very relevant to face up to the many Supply Chain challenges in our path! Stuart is a British national, married with three children.
Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories.
I find that many times companies have the wrong name, or a misnomer, for what they are trying to achieve. It was my first time working with this group. As I sat in the back of the room, shifting in my chair, waiting for my time to speak, I watched speaker after speaker endorse the concept of one team. .
Reason #4 Making key decisions by modelling the supply chain in Excel. I lost track of how many carrots we had and ended up buying more when we really didn’t need any. Those of you that manage inventories know how hard it can be to get the quantities just right. Reason #5 Not having a supply chain risk management process.
The overall theme is the “Journey to Procurement Excellence”, focusing on how Procurement can deliver value through supplier collaboration, supplier risk management and more advanced strategies and capabilities to deal with Procurement and supply chain management risks and challenges – while not forgetting cost and operational perspectives.
After three years of research, I have just refined the methodology to start to pull the trends. ” —Translation from the Greek by Ludwig Edelstein. From The Hippocratic Oath: Text, Translation, and Interpretation , by Ludwig Edelstein. From The Hippocratic Oath: Text, Translation, and Interpretation , by Ludwig Edelstein.
The introduction of smoke-free products made the use of spreadsheet tools far less efficient in the capacity and sourcing planning as the new product categories had rapid growth. “We We needed to simulate multiple scenarios of significantly increased capacity and sourcing complexity, at speed and over a long planning horizon.
“May you live in interesting times,” widely attributed as a Chinese curse, some claim this as a blessing; whichever side you take, this is exactly what’s happening in the supply chain world since 2020, and it looks like we will be living with this blessing/curse for a while longer. Composability as an Enabler of Agility & Resilience.
My schedule had me on a plane to Chicago at the time of the presentation. In the supply chain, variability and volatility come from many sources. The best way to start the design of an agile supply chain is to look at the sources of variability and market volatility that your supply chain encountered in the prior year.
Organizations may begin with a COE focused on transactional work around payables and invoices, but which then builds on this capability to engage in more strategic activities over time. We now have about 75 people, including two category managers that lead IT sourcing and contingent workforce management.
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