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Too few companies have a holistic approach to embrace the plan, make, source, and deliver together. Procurement processes–encumbered by a focus on paperless processing, RFPs/RFQs, and efficient procurement–do not embrace the capabilities and requirements of direct material sourcing. The 2022 event is in Washington.
“Currently, the biggest challenge for supply chain managers is…” Keeping up with consumers and their buying behaviors. from Washington University St. David Millington @nextlevelpurch David Millington, MSc.QSM, NPDP, SPSM3®, is Director of Education at Next Level Purchasing Association. Louis, M.S.
As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The question is, “Why?
“Some companies are starting to invest in creating data-backed profiles of their supplier base so they know where and when to look for second sources. These tools can also rapidly model alternate supply and transportation scenarios, such as rerouting around a port strike or going to an alternate source of supply.”
The ABCDs of an Excellent Supply Chain. In this 2-part Supply chain strategy post , the Managing Director at Solventure – Bram Desmet, discusses the key elements of an excellent supply chain. So, as I sit down to write this blog, I wonder what are some of the things that make supply chains excellent? Please subscribe here.
Looking back a few decades, the information for decision making was based on a small set of fact tables that had to be nicely summarized and presented in a report (in those days Excel was a revolution!) and in many businesses that is still the core of the decision-making support system. Data Opportunities.
” Of course, commuter traffic isn’t the only source of urban traffic congestion. Studies have shown that ridesharing services add to traffic congestion in cities and, increasingly, thanks to consumers using the digital path to purchase, delivery vehicles are creating all sorts of problems. They’re not.
… Consumer purchases and decisions will increasingly be voice-driven and machine-augmented, with companies’ relationship with customers machine-to-machine, values-based and digital-first.” Wong and Steinberg report, “Change in consumer demand is accelerating. ” Second, climate change is having an impact.
” Although technology will play a role in the future, Green reminds us, “The human gifts to be nurtured by education, and which will allow us to survive the rise of the robots, are nebulous: creativity, communication, doubt (that under-rated, important source of wisdom) and curiosity.” ” Footnotes. [1]
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