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The global supplychain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Developing Analytical Skills Data analysis is at the heart of effective supplychain management.
No matter the focus, whether cost reduction and quality improvement, or supplychain optimization and resilience, procurement must have a concrete role in delivering outcomes that matter to the business. Instead, focus on metrics such as cost avoidance, on-time delivery rates, or percentage of spend on supplier diversity.
No matter the focus, whether cost reduction and quality improvement, or supplychain optimization and resilience, procurement must have a concrete role in delivering outcomes that matter to the business. Instead, focus on metrics such as cost avoidance, on-time delivery rates, or percentage of spend on supplier diversity.
In today’s competitive market, every drop of efficiency in extraction and logistics fuels innovation across supplychains, ensuring that products reach consumers faster and at lower costs. How does oil and gas production drive global supplychain innovation?
How Do IT SupplyChain Attacks Actually Happen? - How Do IT SupplyChain Attacks Actually Happen? By Richard Pearson (pictured) Content Writer 49 Views IT supplychain attacks are no longer rare. What Is an IT SupplyChain Attack? Why Attack the SupplyChain?
Supplychain disruptions have become all too common. The problem lies in effectively balancing inventory across the supplychain. This critical aspect of optimization is often overshadowed by flashier supplychain trends. When demand surges, inventory needs to rise, and vice-versa.
Lora is the Founder of SupplyChain Insights LLC. She works with supplychain leaders to take teams to higher levels of excellence and is an influencer with more than 340,000 followers on LinkedIn. She agrees that we should design the supplychain in the stage-gate processes in alignment with whats going on in the market.
Demand planning has long been a requisite of supplychain management, but in a modern, high-speed environment, it’s become something more: a strategic lever for agility, and competitive advantage. Not as a forecasting exercise, but as a foundation for enterprise-wide agility. You can find the full White Paper here shortly.
In today’s volatile global trade landscape, enterprises face ongoing pressure to optimize their supplychain operations. There are many ways an organization can cut supplychain costs. Mastering Direct Spend Management Procurement teams generally do not report to the chief supplychain officer.
Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supplychain. However, remember that products or subassemblies that never made it out of the factory may need to travel backwards one or more stages along the supplychain.
metric tons per person and in the European Union 5.66 metric tons per person. metric tons. The second has become more pronounced in recent years, notably with the Covid pandemic and supplychain disruptions. And it is those of us in the richer countries (i.e., By comparison, in India the figure is just 2.5
SupplyChain Matters highlights indications providing added evidence that manufacturers and retailers are front loading inventory management actions in attempts to initially hedge against added U.S. These are already signs of increased costs and supplychain inflationary pressures. tariff strategies.
Full-price sell-through represents more than a performance metric for retailers; it’s also a test of how well the business is aligned from plan to shelf. Start with financial planning that informs, not just approves Merchandise financial planning is often viewed as a budgeting exercise. Want to learn more about the Retail industry?
Watch our on-demand webinar to discover how procurement can lead the way in ESG and decarbonization, and learn from experts about driving sustainability transformation across your supplychain. These include drawing up policies, actions, targets, anticipated financial effects, metrics and risk assessment.
With today’s growing cost pressures and increasingly complex supplychains , quick fixes no longer cut it. Risks and volatility: Think of supplychain disruptions, regulatory changes, inflation, or geopolitical shifts. Pricing benchmarks: Are you overpaying compared to industry standards?
If you asked those same leaders what they wished they had in place and are now investing in heavily, the answer would be “supplychain analytics.” Moving from raw, unintegrated data to useful supplychain analytics is expensive — and it takes time. Enter 2025, and we’re facing another major supplychain challenge.
For supplychain employers, particularly those managing large, distributed workforces or frontline operations, understanding this shifting landscape is essential to staying compliant, minimizing risk and planning for the future. For supplychain employers, this moment offers an opportunity to reassess.
Makers of weight loss drugs are looking out a big picture window of patented opportunity right now, but this rosy view is blocked by supplychain challenges. What role can supplychain play in preventing stockouts? So how can supplychain orchestration help?
How do supplychains fail even when they appear to succeed? Dan Gilmore, editor-in-chief of SupplyChain Digest, has an interesting take on this question. In an article entitled ‘ Metric Strategies and SupplyChain Performance ’ Gilmore suggests that many companies have KPI targets that are too low.
The consulting team pitches a theme–vision of supplychain best practices, big data analytics, or demand-driven value networks– to the executive team, and a new project is initiated. Question 1: What drives a Successful Implementation of SupplyChain Planning? Supplychain planning is now on its third decade.
A proof of concept (POC) is an increasingly common method to select the best supplychain software vendor for your company, yet many supplychain practitioners still lean on the traditional RFI (request for information) tool. If you’ve been through a supplychain project before, you know that’s not always the case. #2
Mars has been on a journey to transform their digital supplychain. In 2019, Will Beery was appointed the vice president and tasked with leading the company’s global digital supplychain transformation. Mars’s Digital Transformation Mr. Beery started by asking, “what does a digital supplychain mean for us?”
Algorithmic Analysis Sensitive calculations are done using an algorithm that changes player’s behaviour and performance metrics in a way that boosting is detected. For example, these include playing the game, doing skill-development exercises, being involved in the community, and facing the reality of the gaming process.
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. In essence, this includes the entire chain of supply, production, storage, distribution and finally, the customer, so that the plans make sense all involved parties.
As product flows rapidly shifted and hard baked assumptions about lead times and sourcing locations were put to test, users across many organizations bypassed their planning systems and turned to excel sheets, internal data science teams or non-traditional supplychain vendors who could deliver AI based solutions at a faster turn.
As digitization continues to modify the global supplychain landscape, its unprecedented data sources and solutions will lead to not only the demise of disparate information systems, but to the rise of true, end-to-end, supplychain visibility. Identify shortage and quality problems along the supplychain.
Technology’s place in supplychain operations is well established and much appreciated, as it helps improve accuracy, visibility, and efficiency from orders coming in and shipments moving out. But can technology do more? He has experience in strategic planning, improving operational efficiency, team building, and project management.
On October 29th, the company has also been featured in Channel News Asia’s docuseries “Becoming a Global Hub”, underscoring the key role that Schenker plays in Singapore’s standing as a vital node in the global supplychain. Keeping SupplyChains Moving. Schenker Singapore, Turning Adversity into Opportunity.
Supplychains have been optimized; warehouse inventory tracking has reached new levels of precision; production lines can operate with virtually no downtime. As the common linchpin that brings together all manufacturing activities, has this metric improved along with all the investment in new technologies?
If you wince at the words, you’re not ready for ANY major improvement exercise. It will be tricky to drive change because they are likely the CEO’s “dashboard metrics”. Many measurements are sacred to the board or other metric owners. Learn the principles, apply them as taught, then “remix”. . 3. You’re doing it wrong.
If you want to gain more supplychain analytics knowledge, you’re in the right place. We’ve compiled a list of 10 great supplychain analytics books to help you better understand the concepts and strategies behind this vital business field.
One of the favorite parts of my job is teaching classes on how to take supplychain concepts to the next level to improve corporate performance. I love helping people to see supplychain concepts differently. Both move the supplychain design from inside-out to outside-in. As I teach the class, I learn too.
Subscribe to SupplyChain Game Changer. How to Invest to Make Your SupplyChain More Efficient! Supplychains are central to optimal eCommerce results. The supplychain includes everything from ordering raw materials from suppliers to ensuring products are delivered to consumers in the best condition.
Gartner says that you shouldn’t just pitch forecast accuracy to your executive management, but translate your plan into business metrics. One example that Steutermann cites are segmentation exercises that identify specific items that could be forecast better. Focusing on forecast quality will not translate into improved service level.
For example, as of March 2022, 81% of Americans say the supplychain is a significant source of stress. As Tom Derry, CEO of the Institute for Supply Management, shared in PBS , “It’s been the hardest year for logistics and supplychain managers,” Pafford said. Get Away From Your Desk with a Walk or Meditation.
SupplyChain Planning and Digital Twins Chap Achen , Vice President of Product Strategy & Operations at Nextuple, explains, “A digital twin allows a business decision-maker to test and validate a complete set of strategies and objectives across teams and make smart decisions that improve the customer experience and maximize profitability.”[1]
Whether you’re planning to benchmark your supplychain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supplychain component. You don’t necessarily need to use all the following metrics in your procurement department.
Learn how to organize your data operations in alignment with supplychain strategy. Forward-thinking supplychain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. Finding Transformative Opportunities in the SupplyChain.
The company said that it used 85,916 metric tons of single-use plastic that year, an 11.6 Walmart announced that it will pilot agriculture technology with crop supply intelligence company Agritaskto get real-time information on crops and improve sourcing decisions around produce. percent decrease from 2021.
I have benchmarked supplychains for businesses all over the world for 25 years or so and have seen some incredible results. If you’ve never done a benchmarking exercise before, read on. You will learn how you can significantly boost your supplychain performance—and in the process identify numerous cost-saving opportunities.
.”[1] The report focused on four key metrics: supplier criticality, supplier financial risk, global sourcing risk, and foreign exchange risk. If you are an upstream supplier or a downstream retailer, different metrics must also be considered. Identifying risks. Five years ago, it ranked just 15th.” ” Mitigating risks.
Ensuring that your sales and supplychain teams are in sync is one way that you can enhance the customer experience. For these companies and others with multiple operating units, achieving a single view of the customer across channels can be a massive (and often futile) exercise. Take A Customer-Focused Approach To Metrics.
Subscribe to SupplyChain Game Changer. 10 Vital SupplyChain Lessons from the Coronavirus Pandemic! The pandemic has caused SupplyChain professionals to scramble to restore supply lines, respond to highly volatile demand patterns, find alternate logistics channels, and work under the restrictions of home quarantine.
When Covid-19 hit, supplychains across the globe nearly came to a halt. According to Accenture, 94% of Fortune 1000 companies saw supplychain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic. Procurement Teams Step-up. Influence Begins with Good Relationships.
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