Supply Chain Matters

OCTOBER 11, 2023

The Ferrari Consulting and Research Group through its affiliated Supply Chain Matters blog provides perspectives on the latest published IMF World Economic Forecast. Observed Key Risks The latest forecast indicates that while risks such as severe banking instability have moderated, “ the balance is tilted to the downside.”

Forecasting 59

Forecasting Forecasting Software Global Price Reduction 59

ToolsGroup

OCTOBER 11, 2016

Now we apply this same macro-agility and micro-agility concept to risk management. But companies must also manage “ micro agility ” risk with the ability to plan for, and react nimbly to, disruptions to their supply chain caused by more common demand swings, supplier shortfalls, logistics problems and so forth.

Supply Chain Risk Management 168

Supply Chain Risk Management Risk Management Agile and Lean Supply Chain Supply Chain Planning Software 168

Supply Chain Shaman

DECEMBER 7, 2023

Expand the “FLOW” program for logistics information sharing to forecast transportation flow. If businesses cannot accurately forecast revenue, the organization is not resilient. I believe that the ASCM definition is too reactive and rooted in the traditional, and outdated concepts on risk management.

Supply Chain Design Software 303

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Supply Chain Movement

AUGUST 12, 2022

In the face of today’s highly disruptive external environment, companies need to leave traditional and ineffective approaches to risk management behind and move towards a new pro-active approach. Stop chasing events and become risk-aware! Stop thinking in risk events – focus on impact. By Iris Heckmann and Thomas Ebel.

Supply Chain Risk Management 78

Supply Chain Risk Management Risk Management Supply Chain Design Supply Chain Planning 78

HICX Solutions

SEPTEMBER 11, 2023

Table of Contents What is supplier risk management? What are the benefits of supplier risk management? What is supplier risk management? It should be considered an essential part of an organization’s wider risk management strategy. What are the benefits of supplier risk management?

Risk Management 52

Risk Management Supply Chain Software Supply Chain Planning Software Sourcing Strategies 52

ShipBob

JULY 18, 2022

In either case, inventory risk results in a business losing money. This makes it crucial for ecommerce businesses to minimize and prevent inventory risk as best as possible with accurate forecasting and inventory management. 6 examples of inventory risk and ShipBob’s solutions. Improper demand forecasting.

Risk Management 52

Risk Management Inventory Reduction Inventory Management Software Inventory 52

Logistics Viewpoints

SEPTEMBER 26, 2022

It is difficult to forecast dropping demand. So, if a recession appears likely, companies need to error on the side of a conservative forecast, be prepared to lay off workers sooner rather than later, and start drawing down their safety stock inventory. There is a playbook for companies facing a recession.

Vendor Strategies 204

Vendor Strategies Forecasting Long Beach Supply Chain 204

Enterra Insights

JUNE 3, 2022

Bernd Stöger, Executive Product Manager at KNAPP, explains, “Today, successful companies are those that can make a great idea come true and create an organization to support its implementation.”[1] ”[1] He also believes nothing is more important for corporate strategy than a world-class logistics strategy. ”[2].

Sourcing Strategies 130

Sourcing Strategies Resource Reduction Cost Reduction Strategies Supply Chain Strategy 130

Enterra Insights

APRIL 4, 2018

” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. ”[2] Those risks are: 1. … CaaS will slowly but steadily put everyone — enterprises, SMBs, individual businessmen, and personal Internet users — at an equal level of risk exposure.”

Risk Management 100

Risk Management Supply Chain Design Software Supply Chain Planning Software Analytics Software 100

Supply Chain Game Changer

JUNE 16, 2020

While most jobs are not life threatening the level of risk is still prevalent. What are the risks that Supply Chain people deal with every day and what is Supply Chain Risk Management? Supply Chain Risk Management. I didn’t know it at the time but this was Supply Chain Risk Management.

Supply Chain Risk Management 57

Supply Chain Risk Management Risk Management Supply Chain Planning Software Supply Chain Design Software 57

Unleashed

DECEMBER 7, 2020

What is supply chain risk management? Supply chain risk management is the process of identifying and managing issues within a supply chain. ordinated approach to implementing strategies to manage both daily challenges and unique risks. Who needs to understand supply chain risk management?

Supply Chain Risk Management 76

Supply Chain Risk Management Supply Chain Planning Software Risk Management Supply Chain Design Software 76

Logistics Viewpoints

JUNE 21, 2023

It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supply chain and logistics executives. I believe our findings capture the pulse of North America logistics operations and the executives’ perceptions and priorities going into the second half of 2023.

Supply Chain Planning Software 235

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SCMDOJO

APRIL 24, 2024

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. Ignoring industry trends poses the risk of being left behind by more agile competitors. And we know that numbers don’t lie.

Optimal Sourcing 54

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 54

Resilinc

FEBRUARY 22, 2021

A common challenge for procurement and supply chain professionals is obtaining support from C-level leaders to invest in a robust supply chain risk management (SCRM) program. To forecast anticipated returns, sensitivity analyses should be performed to evaluate a wide range of scenarios. Difficulty in valuing risk management.

Supply Chain Risk Management 62

Supply Chain Risk Management Risk Management Supply Chain Design Software Agile and Lean Supply Chain 62

Logistics Viewpoints

FEBRUARY 15, 2023

I informed our readers that ARC Advisory Group/Logistics Viewpoints is conducting a survey to determine the perceptions, priorities, and strategic initiatives of today’s supply chain and logistics executives. Earlier this month in the post titled What Does 2023 Have In-Store for Global Supply Chains? , More to come!

Supply Chain Planning 198

Supply Chain Planning Optimal Sourcing Supply Chain Optimization Supply Chain 198

ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. I spoke about the DHL resilience or risk management. Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

ToolsGroup

SEPTEMBER 18, 2023

This shows hope that one day, we won’t need an award like this because men and women in the supply chain will be equal,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive. Food Logistics and Supply & Demand Chain Executive also operate SCN Summit and Women in Supply Chain Forum.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software ToolsGroup Supply Chain Planning 156

Enterra Insights

AUGUST 11, 2022

” He’s correct — IF companies implement strong risk management programs. ”[3] Forecasters note that if their predictions come true, it would be “the seventh consecutive above-average hurricane season. This Year’s Hurricane Season Could Be Intense.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Predictive Analytics Software Forecasting Software 130

ToolsGroup

FEBRUARY 8, 2021

is knocking on the door of every logistics business in the world. In a Thomson Reuters study called ‘How Big Data and Data Analytics Will Transform Supply Chains’, experts declare that, “The three biggest benefits for using big data within supply chains are traceability, relationship management (e.g., Industry 4.0 Sustainability.

Negotiating Skills 199

Negotiating Skills Buyer Training Supply Chain Software Supply Chain Planning Software 199

SupplyOn

APRIL 16, 2020

Efficient risk management is key to making supply chains and production capacities more resilient. To obtain the full picture, you need to consider suppliers, logistics as well as external events The current coronavirus pandemic poses enormous, unprecedented challenges for companies. Which materials are affected?

Sourcing Strategies 40

Sourcing Strategies Risk Management Supply Chain Planning Software Supply Chain Network Software 40

Logistics Viewpoints

SEPTEMBER 7, 2022

Ever since COVID hit, supply chain executives have embraced supply chain risk management. BD, was using a supply chain risk management solution. They went on a search for a risk management solution that could allow them deeper visibility into their extended supply chain. Supply Chain Chaos is the New Norm.

Supply Chain Visibility 206

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 206

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Proactive Solutions for Risk Mitigation To fortify their supply chains against the tide of uncertainty, companies must implement a multifaceted approach: Forge Strong Supplier Relationships : Establishing collaborative partnerships with suppliers fosters a sense of shared responsibility for risk management.

Asset Management 130

Asset Management Inventory Reduction Inventory Optimal Sourcing 130

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Enterra Insights

JUNE 22, 2021

Science writer John Schwartz ( @jswatz ) reports, “Federal scientists forecast that 2021 could see in the range of 13 to 20 named storms, six to 10 hurricanes, and three to five major hurricanes of Category 3 or higher in the Atlantic.”[1] ”[4]. ” Armed with that information, mitigation strategies can be developed.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Strategy Modeling 130

Logistics Viewpoints

APRIL 4, 2022

They built them between 2012 and 2014, and then enhanced them when better supply chain risk management solutions became available. Changes to the plan are based on changes to the forecast, manufacturing capacity, supplier constraints, and a host of other factors. Most companies use shipment history as the key data for forecasts.

Supply Chain Transformation 194

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 194

Exiger Perspectives

JUNE 21, 2023

Oshkosh successfully implemented automated tracking and reporting to drive improved employee efficiency; It reduced administrative overhead and increased accuracy in financial risk management and forecasting. Oshkosh was also able to create a process to manage market price fluctuations for carbon steel plate.

Supply Chain Planning Software 52

Supply Chain Planning Software Demand Planning Software Supply and Demand Supply Chain Software 52

Supply Chain Game Changer

MAY 9, 2022

This is the idea behind supply chain management. Even though supply chains have been around since the beginning of time, the field of Logistics and Supply Chain education has only recently been considered in depth. Let’s discuss the value of Logistics and Supply Chain education. Rebooting the Curriculum.

Education 92

Education Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 92

SCMDOJO

JUNE 6, 2023

Demand Forecasting & Planning Understanding data analytics is relevant as we continue to herald in the nouveau era of tech-powered automation and optimization. Moving along, data analytics helps with effective demand forecasting and planning. They can understand their supply chain operations with more precision. Why is it crucial?

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

SCMDOJO

MARCH 19, 2024

Risk Management The department can proactively identify and address potential risks in the supply chain, such as material shortages, natural disasters, or political instability. These functions include procurement, production planning, inventory management, logistics, and customer service. Enroll Now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Figure 1: Identifying gaps in supply chain competency Overall Findings from three segments of industry were identified namely logistics, manufacturing and trading. The logistics industry is known for its cost sensitivity and customer-oriented approach.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Supply Chain View from the Field

APRIL 20, 2015

The theme of the general meeting will focus on a topic of great interest to supply chain professionals at every level of the organization: “ Creating a Supply Chain Risk Management Capability.”. To address these concerns, organizations are devoting more attention and resources to create a supply chain risk management capability.

Risk Management 60

Risk Management Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 60

ToolsGroup

SEPTEMBER 20, 2022

When I launched this award three years ago, I was prepared for an uphill battle,” says Marina Mayer, Editor-in-Chief of Supply & Demand Chain Executive and Food Logistics. “ Supply & Demand Chain Executive and sister publication Food Logistics are also home to L.I.N.K.

Supply Chain Planning Software 156

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Modeling 156

Locus

JUNE 2, 2023

In the vast, interconnected world of supply chain management, two terms often come into focus—inbound and outbound logistics. Inbound and outbound logistics are two fundamental components of the overall supply chain management process. Here’s an explanation of both: What is inbound logistics?

Optimal Sourcing 52

Optimal Sourcing Optimization Software Logistics Network Optimization Software Supply Chain Optimization 52

ThroughPut

DECEMBER 6, 2023

.” Unlike diagnostic and descriptive analytics, which were designed to analyze situations after they happened, predictive analytics utilizes advanced data analytics techniques to forecast future outcomes. Time series forecasting focuses on predicting future data points based on past sequences.

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

The Logistics & Supply Chain Management Society

SEPTEMBER 25, 2020

Slowing demand means 6% lower imports from the GCC vs 2019 and 10% lower than 2020 forecast before the virus outbreak.” Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Risk management: Risks are inevitable in complex supply chain networks.

Chemicals 113

Chemicals Saudi Arabia Cost Reduction Strategies Inventory Reduction 113

Logistics Viewpoints

NOVEMBER 25, 2019

I recently wrapped up my Supply Chain Collaborative Networks (SCCN)market study which looks at the total size of the market, the forecasted growth through 2023, and the leading suppliers across a number of categories including industry, region, and customer size. The study includes a holistic view of the SCCN outlook.

Supply Chain Design 147

Supply Chain Design Supply Chain Forecasting Study 147

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Cloud technology allows organizations to combine all supply chain and logistics information into a single, central solution. IoT supports operational efficiencies in areas such as asset tracking, inventory management and forecasting, improving productivity and aiding decision-making across the supply chain.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298