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By Chris Keller | Principal, Supply Chain Design | Chainalytics | The complexity involved in simultaneously optimizing a supply chain network and the inventory within that network has traditionally proven to be a sufficient barrier to completing such exercises. MORE
As the supply chain exercises more influence over business outcomes, its managers are rising to top leadership positions. Supply chain pros with sights set on a corner office would do well to expand their skill sets and seek job experiences that prepare them for complexity MORE
The European Union is considering creating regulations for the cocoa industry, where importing companies need to exercise due diligence regarding their supply chains. cocoa due diligence chocolate MORE
That said, your guidance should make it clear that reallocation of existing resources is preferred to numerous what-if exercises and lengthy trials, and that now is not the time to be developing new analytical capabilities. MORE
Warehouse optimization modeling exercises examine the upside of being closer to customers versus the downside of carrying more inventory in more locations. Distribution network optimization has become a white-hot topic these days as “the Amazon effect” leads businesses to evaluate how quickly they can get products to customers. MORE
Planning becomes a modelling exercise, not a guessing game. By setting a solid foundation, inventory planning becomes a modeling exercise. How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast. MORE
However, supply chain resiliency is not a limited duration, project-based exercise. In the wake of major disasters and crises, many supply chain, procurement and finance executives think about things they can do to be better prepared and more resilient before the next big crisis comes their way. As a result, risk assessments, quantifications, and supplier evaluations are often conducted as limited duration, project-based, response-level measures. MORE
To do an analysis of that magnitude using manually-intensive techniques could be a stultifying exercise. But even more important, a grid building exercise is really just a shortcut that substitutes for a precise demand, inventory and supply model. Source: Gartner, Cover Considerations—How to Optimize Retail and Consumer Product Inventory Targets, 2017. Gartner’s insights are quite good and it’s not often that I disagree. MORE
For many companies, transportation spending is a perennial target of budget-cutting exercises and a large, multi-faceted cost centre; some may spend three to six percent of their materials costs on transportation. In order to do this, it is important to connect all partners across modalities and regions, and to not only focus on the tender exercise but also to ensure that the agreements are fulfilled. MORE
Mitigating risk is a data-driven exercise, which is the kind of exercise I enjoy, especially when my efforts are augmented (along with my eyestrain), by increasingly intelligent AI machines empowered with cognitive technologies. As a Chief Financial Officer specializing in manufacturing, I enjoy working to mitigate a wide variety of risks. MORE
Here, we re-visit supply chain planning concepts and showcase SAP IBP, SAP’s latest flagship supply chain planning product, in a unique exercise that is both fun and educational. Modelled on the famous Beer Distribution Game concept, this unique exercise will put you in roles where you will have to make real time decisions to ensure your end-to-end supply chain is coordinated & optimized. Get ready to play Bristlecone’s very own Supply Chain Simulation Game. MORE
Keep in mind that managing the business’s perception of the Procurement team and the value it provides is an ongoing endeavor, not a one-time exercise. MORE
Conduct procurement exercises regularly and often. Beyond offering up to date rates for shippers, carriers often benefit from annual procurement exercises. Best practice: At a minimum, conduct your flatbed procurement exercise annually. MORE
The business speed in ecommerce, omnichannel retail, CPG, and the first-tier suppliers has increased, while contemporary technology makes it much easier to complete an onboarding exercise. MORE
Over a period of five years, I co-facilitated a coaching skills workshop and one of the exercises we gave participants was to split them into four teams, give them a flip chart and pose the question, “What are the key attributes of the best leader for whom you have ever worked?” MORE
Although the system is not perfect, NATO countries participate in joint exercises in which they work out logistics such as how fuel and food will be provided, what language they will speak, and what radio frequencies will be used. And beyond healthcare, wouldn’t a lot of industries benefits from such exercises? Image by UK Department for International Development/Flickr. MORE
Supply Chain Exercise Life-hack Mind Tips TricksN ulla vel euismod eros. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse lacinia finibus ipsum vitae tempus. Nam vestibulum pretium leo a facilisis. Ut id tincidunt neque. Morbi sit amet varius velit. Pellentesque eget metus et velit maximus placerat ut in quam. Pellentesque luctus ligula id ipsum gravida, quis scelerisque mi congue. Morbi vehicula neque ex, non ultricies arcu ullamcorper sit amet. MORE
Care should be exercised though , because the same reasons that have made the technology more accessible should’ve made it more affordable. Part I in our series on assessing your network design’s maturity . How does you r network design compare to others ? MORE
Part 2 in the series explores the “analytical scenario exercise” and how decisions based on certain scenarios heavily impact each aspect of the value chain. This is part 2 of a 2-part series on how to succeed in planning and decisions amid times of disruption. MORE
The post Procurement has allowed me to exercise creativity to solve business challenges and have a direct impact on company success appeared first on Ivalua MORE
The ability of a machine to perform human-like functions such as perceiving, reasoning, learning, interacting with the environment, problem solving and exercising creativity to form plans, make decisions and achieve goals. by Alexa Cheater Faster, smarter, more profitable supply chain decisions. MORE
As truck drivers spend most of their time driving, it can be difficult to find the time to be active. It’s important for drivers to take care of their bodies and although there isn’t a lot of down time throughout your day, it only takes a few minutes to add some activity into your routine. READ MORE. Transportation Truck Drivers MORE
Historically, Supply Chain Design was an exercise companies undertook at most once a year, or when a significant change occurred in their supply chain, such as an acquisition. Live Episode: Thursday, May 21, 2015 at 12:00 pm ET. It was a strategic/tactical analysis, disconnected from day-to-day operations, and the software tools were difficult to learn and use. MORE
Decision-making goes from a highly tedious and error-prone exercise to a process that combines computational intelligence with the business knowledge needed to analyze the optimizer’s results. The agribusiness supply chain is highly complex. It’s not limited to managing crops and livestock, but encompasses all equipment, services, and product processing as well as commercialization. MORE
Here, we re-visit supply chain planning concepts and showcase SAP IBP, SAP’s latest flagship supply chain planning product, in a unique exercise that is both fun and educational. Modelled on the famous Beer Distribution Game concept, this unique exercise will put you in roles where you will have to make real time decisions to ensure your end-to-end supply chain is coordinated & optimized. Get ready to play Bristlecone’s very own Supply Chain Simulation Game. MORE
One of our predictions from a couple of years ago was that more companies would treat Supply Chain Design as a continuous business process instead of a standalone project or a once-a-year exercise. Live Episode: Wednesday, July 27, 2016 at 12:00 pm ET. CHEP is a perfect example of a company that has transformed its approach to supply chain design to build a more agile and efficient supply chain. MORE
Trying something new within your supply chain may seem like an exercise in futility, but it you stick with it, you’ll soon find yourself soaring above the stars – and your competition. by Alexa Cheater Mesmerizing. Motivating. Magical. That’s how best to describe the experience of hearing famed Canadian astronaut and former commander of the International Space Station (ISS) Chris Hadfield address the crowd at Kinexions, our annual user and training conference. MORE
Through reviewing 94 articles, and a Q-sorting exercise, we identify four (i.e. Strategies and practices to achieve supply chain resilience have been at the heart of supply chain management practice and research for almost a decade. However, such efforts have often focused on ways to make supply chains more reactive to turbulence and disruptions. In our recent article, Antecedents and Dimensions of Supply Chain Robustness , my co-authors, Christian F. Durach and José A.D. MORE
You could frame this exercise as: if, in 18-24 months, we were better able to do X and Y, what would be the return on investment? MORE
Finding the right Master’s program can be a difficult exercise. In spite of their sometimes oversimplifying nature, rankings can provide a first indication to make this exercise a bit easier. One of such rankings is the 2013/2014 Eduniversal Best Masters Ranking, provided by SMBG, a French consulting company, and based on a global survey of recruiters, students and representatives of academic institutions. MORE
Pursuing improved forecasts is certainly not an academic exercise. Got Credit/Flickr. Better forecasting translates directly into making better business decisions. Some research indicates a 6% forecast improvement could improve the perfect order by 10% and deliver a 10-15% reduction in unnecessary inventory. Layering a demand sensing capability onto the overall demand management process will generate significant improvements to a company’s core KPI’s. MORE
In addition to bikes, Peloton sold many other types of work-from-home exercise equipment, including treadmills, and its Mirror home workout system. Manufacturing Process Improvement Supply Chain Coronavirus COVID-19 Exercise Equipment Peloton Resource Capacity Supply Chain Management Supply Chain OptimizationThe steady, daily drumbeat of negative news in March and April was hard to ignore. MORE
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But companies need to exercise extreme caution when choosing such an […]. The customer is always right – except when you no longer want to do business them. Firing customers is a valid risk mitigation strategy when the business they bring is under threat or unprofitable, or they are out of alignment with your strategic goals. MORE
Hence the drive to move from orchestrated forecasting exercises to continuous planning, or “viewing the supply chain while it’s happening.” You can’t control circumstances, but you can control your response. Take charge now to ensure the best outcomes later. MORE
Discussing these data points and extracting insights becomes a helpful exercise and results in a transversal approach. MORE
Exercises Related Topics ivalua
MAY 15, 2020
The post Procurement has allowed me to exercise creativity to solve business challenges and have a direct impact on company success appeared first on Ivalua
Supply Chain Link
JUNE 30, 2015
As truck drivers spend most of their time driving, it can be difficult to find the time to be active. It’s important for drivers to take care of their bodies and although there isn’t a lot of down time throughout your day, it only takes a few minutes to add some activity into your routine. READ MORE. Transportation Truck Drivers
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USC Consulting Group
JULY 7, 2020
In addition to bikes, Peloton sold many other types of work-from-home exercise equipment, including treadmills, and its Mirror home workout system. Manufacturing Process Improvement Supply Chain Coronavirus COVID-19 Exercise Equipment Peloton Resource Capacity Supply Chain Management Supply Chain OptimizationThe steady, daily drumbeat of negative news in March and April was hard to ignore.
BlueYonder
JANUARY 31, 2017
Supply Chain Exercise Life-hack Mind Tips TricksN ulla vel euismod eros. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse lacinia finibus ipsum vitae tempus. Nam vestibulum pretium leo a facilisis. Ut id tincidunt neque. Morbi sit amet varius velit. Pellentesque eget metus et velit maximus placerat ut in quam. Pellentesque luctus ligula id ipsum gravida, quis scelerisque mi congue. Morbi vehicula neque ex, non ultricies arcu ullamcorper sit amet.
ChainPoint
APRIL 17, 2020
The European Union is considering creating regulations for the cocoa industry, where importing companies need to exercise due diligence regarding their supply chains. cocoa due diligence chocolate
Supply Chain Digest
FEBRUARY 9, 2009
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DELMIA Quintiq
DECEMBER 28, 2020
Part 2 in the series explores the “analytical scenario exercise” and how decisions based on certain scenarios heavily impact each aspect of the value chain. This is part 2 of a 2-part series on how to succeed in planning and decisions amid times of disruption.
Kane is Able
JUNE 27, 2019
Warehouse optimization modeling exercises examine the upside of being closer to customers versus the downside of carrying more inventory in more locations. Distribution network optimization has become a white-hot topic these days as “the Amazon effect” leads businesses to evaluate how quickly they can get products to customers.
ToolsGroup
SEPTEMBER 9, 2020
Planning becomes a modelling exercise, not a guessing game. By setting a solid foundation, inventory planning becomes a modeling exercise. How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? Your customers don’t care if you have a great demand forecast.
CHAINalytics
MARCH 28, 2017
By Chris Keller | Principal, Supply Chain Design | Chainalytics | The complexity involved in simultaneously optimizing a supply chain network and the inventory within that network has traditionally proven to be a sufficient barrier to completing such exercises.
Inbound Logistics
JULY 24, 2019
As the supply chain exercises more influence over business outcomes, its managers are rising to top leadership positions. Supply chain pros with sights set on a corner office would do well to expand their skill sets and seek job experiences that prepare them for complexity
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CH Robinson Transportfolio
NOVEMBER 19, 2020
Conduct procurement exercises regularly and often. Beyond offering up to date rates for shippers, carriers often benefit from annual procurement exercises. Best practice: At a minimum, conduct your flatbed procurement exercise annually.
Bristlecone
AUGUST 22, 2018
Here, we re-visit supply chain planning concepts and showcase SAP IBP, SAP’s latest flagship supply chain planning product, in a unique exercise that is both fun and educational. Modelled on the famous Beer Distribution Game concept, this unique exercise will put you in roles where you will have to make real time decisions to ensure your end-to-end supply chain is coordinated & optimized. Get ready to play Bristlecone’s very own Supply Chain Simulation Game.
Bristlecone
MAY 16, 2018
Here, we re-visit supply chain planning concepts and showcase SAP IBP, SAP’s latest flagship supply chain planning product, in a unique exercise that is both fun and educational. Modelled on the famous Beer Distribution Game concept, this unique exercise will put you in roles where you will have to make real time decisions to ensure your end-to-end supply chain is coordinated & optimized. Get ready to play Bristlecone’s very own Supply Chain Simulation Game.
The Network Effect
MARCH 18, 2015
Although the system is not perfect, NATO countries participate in joint exercises in which they work out logistics such as how fuel and food will be provided, what language they will speak, and what radio frequencies will be used. And beyond healthcare, wouldn’t a lot of industries benefits from such exercises? Image by UK Department for International Development/Flickr.
Solvoyo
DECEMBER 9, 2020
The business speed in ecommerce, omnichannel retail, CPG, and the first-tier suppliers has increased, while contemporary technology makes it much easier to complete an onboarding exercise.
Supply Chain Movement
SEPTEMBER 18, 2017
For many companies, transportation spending is a perennial target of budget-cutting exercises and a large, multi-faceted cost centre; some may spend three to six percent of their materials costs on transportation. In order to do this, it is important to connect all partners across modalities and regions, and to not only focus on the tender exercise but also to ensure that the agreements are fulfilled.
Talking Logistics
MAY 17, 2015
Historically, Supply Chain Design was an exercise companies undertook at most once a year, or when a significant change occurred in their supply chain, such as an acquisition. Live Episode: Thursday, May 21, 2015 at 12:00 pm ET. It was a strategic/tactical analysis, disconnected from day-to-day operations, and the software tools were difficult to learn and use.
The Logistics & Supply Chain Management Society
JULY 22, 2020
Over a period of five years, I co-facilitated a coaching skills workshop and one of the exercises we gave participants was to split them into four teams, give them a flip chart and pose the question, “What are the key attributes of the best leader for whom you have ever worked?”
SCM Research
MARCH 2, 2015
Through reviewing 94 articles, and a Q-sorting exercise, we identify four (i.e. Strategies and practices to achieve supply chain resilience have been at the heart of supply chain management practice and research for almost a decade. However, such efforts have often focused on ways to make supply chains more reactive to turbulence and disruptions. In our recent article, Antecedents and Dimensions of Supply Chain Robustness , my co-authors, Christian F. Durach and José A.D.
Logility
OCTOBER 13, 2020
Hence the drive to move from orchestrated forecasting exercises to continuous planning, or “viewing the supply chain while it’s happening.” You can’t control circumstances, but you can control your response. Take charge now to ensure the best outcomes later.
AIMMS
JANUARY 30, 2019
Care should be exercised though , because the same reasons that have made the technology more accessible should’ve made it more affordable. Part I in our series on assessing your network design’s maturity . How does you r network design compare to others ?
Kinaxis
MARCH 27, 2018
The ability of a machine to perform human-like functions such as perceiving, reasoning, learning, interacting with the environment, problem solving and exercising creativity to form plans, make decisions and achieve goals. by Alexa Cheater Faster, smarter, more profitable supply chain decisions.
The Network Effect
JULY 10, 2015
Pursuing improved forecasts is certainly not an academic exercise. Got Credit/Flickr. Better forecasting translates directly into making better business decisions. Some research indicates a 6% forecast improvement could improve the perfect order by 10% and deliver a 10-15% reduction in unnecessary inventory. Layering a demand sensing capability onto the overall demand management process will generate significant improvements to a company’s core KPI’s.
Resilinc
JANUARY 7, 2016
However, supply chain resiliency is not a limited duration, project-based exercise. In the wake of major disasters and crises, many supply chain, procurement and finance executives think about things they can do to be better prepared and more resilient before the next big crisis comes their way. As a result, risk assessments, quantifications, and supplier evaluations are often conducted as limited duration, project-based, response-level measures.
Supply Chain @ MIT
NOVEMBER 3, 2016
But companies need to exercise extreme caution when choosing such an […]. The customer is always right – except when you no longer want to do business them. Firing customers is a valid risk mitigation strategy when the business they bring is under threat or unprofitable, or they are out of alignment with your strategic goals.
SYSPRO Smarter ERP
AUGUST 16, 2019
Mitigating risk is a data-driven exercise, which is the kind of exercise I enjoy, especially when my efforts are augmented (along with my eyestrain), by increasingly intelligent AI machines empowered with cognitive technologies. As a Chief Financial Officer specializing in manufacturing, I enjoy working to mitigate a wide variety of risks.
ivalua
NOVEMBER 25, 2020
Keep in mind that managing the business’s perception of the Procurement team and the value it provides is an ongoing endeavor, not a one-time exercise.
Logility
DECEMBER 17, 2020
You could frame this exercise as: if, in 18-24 months, we were better able to do X and Y, what would be the return on investment?
AIMMS
JULY 23, 2019
Decision-making goes from a highly tedious and error-prone exercise to a process that combines computational intelligence with the business knowledge needed to analyze the optimizer’s results. The agribusiness supply chain is highly complex. It’s not limited to managing crops and livestock, but encompasses all equipment, services, and product processing as well as commercialization.
DiManEx
DECEMBER 3, 2020
Discussing these data points and extracting insights becomes a helpful exercise and results in a transversal approach.
Talking Logistics
JULY 21, 2016
One of our predictions from a couple of years ago was that more companies would treat Supply Chain Design as a continuous business process instead of a standalone project or a once-a-year exercise. Live Episode: Wednesday, July 27, 2016 at 12:00 pm ET. CHEP is a perfect example of a company that has transformed its approach to supply chain design to build a more agile and efficient supply chain.
Halo
AUGUST 4, 2020
That said, your guidance should make it clear that reallocation of existing resources is preferred to numerous what-if exercises and lengthy trials, and that now is not the time to be developing new analytical capabilities.
ToolsGroup
AUGUST 1, 2017
To do an analysis of that magnitude using manually-intensive techniques could be a stultifying exercise. But even more important, a grid building exercise is really just a shortcut that substitutes for a precise demand, inventory and supply model. Source: Gartner, Cover Considerations—How to Optimize Retail and Consumer Product Inventory Targets, 2017. Gartner’s insights are quite good and it’s not often that I disagree.
Kinaxis
NOVEMBER 13, 2017
Trying something new within your supply chain may seem like an exercise in futility, but it you stick with it, you’ll soon find yourself soaring above the stars – and your competition. by Alexa Cheater Mesmerizing. Motivating. Magical. That’s how best to describe the experience of hearing famed Canadian astronaut and former commander of the International Space Station (ISS) Chris Hadfield address the crowd at Kinexions, our annual user and training conference.
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