Procurement has allowed me to exercise creativity to solve business challenges and have a direct impact on company success

ivalua

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

Driver Digest: Quick Rest Stop Exercises

Supply Chain Link

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

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Pandemic success stories: What can be learned from these triumphs?

USC Consulting Group

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.

Master Your Mind In 5 Minutes A Day

Supply Chain Nation

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.

EU due diligence laws for cocoa expected in 2022

ChainPoint

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

Distribution Center Audits -- Real Value, or Marketing Exercise?

Supply Chain Digest

''

Turn a Good Demand Forecast into the Optimum Inventory Plan

ToolsGroup

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.

Distribution Network Optimization: Modeling Tools Won’t Give You the Answer

Kane is Able

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.

Destination: The Corner Office

Inbound Logistics

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

Enhancing Supply Chain Network Design with Sophisticated Inventory Optimization

CHAINalytics

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.

Take Back Control and Build the Resilient Supply Chain

Logility

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.

Supply Chain Simulation Game Toronto Canada | October 16, 2018 | 2:00PM – 6:30 PM

Bristlecone

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.

Supply Chain Simulation Game – IBPNow™

Bristlecone

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.

When is a Leader not a Leader? – LogiSYM July 2020

The Logistics & Supply Chain Management Society

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?”

Bill Gates: We need a ‘war game’ for the infectious diseases supply chain

The Network Effect

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.

Rwanda 163

Checklist for Transport Spend Management

Supply Chain Movement

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.

From Project to Continuous Business Process: The Evolution of Supply Chain Design

Talking Logistics

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.

What are supply chain professionals using to make network decisions? 

AIMMS

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 ?

A Theory of Robust Supply Chains

SCM Research

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.

An executive’s guide to AI in supply chain management

Kinaxis

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.

Why demand sensing is value-based performance management

The Network Effect

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.

KPI 137

Artificial Intelligence in Manufacturing – the Power and the Risk Mitigation- Part 1

SYSPRO Smarter ERP

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.

Is Sacking a Customer Worth the Risk?

Supply Chain @ MIT

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.

Supply Chain Resiliency: A Commitment, not a Time Bound Project

Resilinc

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.

S&OP in Agribusiness: How to Harvest the Benefits with Advanced Analytics

AIMMS

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.

S&OP 200

The sustainability slog

Supply Chain Movement

He said that his company had measured the entire carbon footprint of a 250g jar of garden peas, and asked whether other food manufacturers had conducted similar exercises to assess their improvement potential.

Leveraging Modeling Technology for Continuous Supply Chain Improvement: The CHEP Story

Talking Logistics

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.

The Best Way to Set Inventory Targets?

ToolsGroup

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.

Six pieces of out-of-this world supply chain advice from astronaut Chris Hadfield

Kinaxis

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.

Purchase Requisition vs Purchase Order in Review

ProcurePort

Additionally, it can be a good self-reflection exercise to ensure that your internal procurement team is using the appropriate […]. In an industry like procurement, there are a lot of different terms that sound very similar, and even have similar functionality.

Hitting The Brakes On Out Of Control Supplier Master Data W/ Cyrille Naux

ivalua

In this conversation, Cyrille Naux discusses: The business objectives behind Chassis Brakes’ supplier consolidation exercises. Managing Director, Art of Procurement. Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data.

Take Advantage of Digital Manufacturing to Improve Workforce Productivity

DELMIA Quintiq

Artificial Intelligence will soon play a greater role during this exercise. Much has been done to improve manufacturing efficiency. Supply chains have been optimized; warehouse inventory tracking has reached new levels of precision; production lines can operate with virtually no downtime. But, what about overall workforce productivity? As the common linchpin that brings together all manufacturing activities, has this metric improved along with all the investment in new technologies?

Value Stream Mapping: Seeing the Problem Before it Becomes Your Customer’s Problem

LeanCor

The importance of the value stream mapping exercise is to determine where there are gaps and opportunities for improvement in regards to the entire system. Has your organization completed a value stream mapping exercise lately? By: David Sherman, Manager, Lean Supply Chain Operations. Thinking in terms of the entire systems approach to a problem can help a problem solver understand the impact each decision can have on each node within the supply chain network.

Making Mobile a Reality

Kinaxis

Things like tracking times and distance whilst exercising, checking travel status, messages, watching the Rugby World Cup and occasionally tweeting about life thoughts. by Matt Benson I don’t really see my iPhone as a mobile phone anymore – it’s so much more than that, and judging by the number of people as attached to their phone as I am to mine, I’m far from alone. Every day I use it for a multitude of different applications that assist my life.

BANZ to oversee Dragon City warehouse & logistics

Logistics Middle East

The company will conduct regular inventory management exercises, which include distribution, warehousing, inventory control, delivery and transportation