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Wanted: Supply Chain Architects!

Supply Chain Shaman

Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. I knew nothing about the world of logistics, inventory management and order optimization. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed.

The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). What Distribution Center Metrics Need Tracking?

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Is Inventory Waste or an Asset?

Supply Chain Shaman

Next week is the annual Supply Chain Insights Global Summit , and summit preparation is on my agenda for the weekend. We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.” Inventory is both.

Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Unreimbursed Freight. A high level of unreimbursed freight shows that the team is taking extraordinary measures to satisfy customers. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. Choosing Metrics.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. One of our goals is to capture and share the stories of supply chain leaders. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013.

5 Ways to Prepare Your Supply Chain for an Efficient Holiday Rush

OneSCM

Businesses need to be prepared for demand spikes, so what can efficient directors of warehouse supply chains and warehouse managers do to get ready for the holiday rush? Smart supply chain directors collate and make sense of data metrics, using technology to eliminate data silos. A highly functional supply chain has increased visibility of freight, location of products, and inventory. Supply Chain Efficiency Technology

9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

Cerasis

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. The Lean Supply Chain is a system of interconnected and interdependent partners that operate in unison to accomplish supply chain objectives. There should be metrics involved to monitor these objectives to ensure success across the supply chain. This sets the supply chain pace.

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Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supply chains? Let us study major highlights of Supply Chains of the future.

What Supply Chain Data Should I Track in 2020?

Veridian Solutions

Supply chain data management requires attention to detail and a mechanism in place that provides analytics, or insights, to gain actionable knowledge. To ensure your organization applies data correctly and generates meaningful KPIs , supply chain leaders must know the challenges of data tracking, how it improves operational excellence, and the primary types of data to track in 2020. Challenges in Tracking Supply Chain Data in 2020.

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How Machine Learning Is Redefining Supply Chain Management

IQMS

Bottom line: Machine learning makes it possible to discover patterns in supply chain management data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process. Discovering new patterns in supply chain data has the potential to revolutionize any business. New knowledge and insights from machine learning are revolutionizing supply chain management as a result.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. Why Disintermediate the Supply Chain? Now consider what a Supply Chain entails. Subscribe Here!

Supply Chain Management Case Study

LeanCor

Supply Chain Management Case Study: Total Delivered Cost Model. It was striving to incorporate a more holistic view of its supply chain operation. In this supply chain management case study, read how LeanCor analyzed the supply chain to find opportunities to reduce total delivered cost, and identified pilot SKU’s for implementation. Current metrics included: Inter-Plant (Inter-DC) Freight Costs. Head of Supply Chain.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

Food for thought: Time for a different kind of supply chain. Continued economic growth, customer preferences (especially those of the millennial generation), the rise of ecommerce and the Amazon channel, increased product choices and newer product categories in the marketplace are all driving the need for efficient and effective supply chain networks to support customer demand. What is vendor-managed inventory? Maintaining optimum inventory levels.

Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

A new study by the SupplyChainDigest analyzing the main components of working capital: Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payables Outstanding (DPO) revealed an uptick in DIO. This and much more, in your Monday supply chain briefing from Arkieva. Supply Chain News. Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. Supply Chain Strategy.

Supply Chain Best Practices during a Quarantine

SupplyPike

Shortages, extreme demand, and panic buying are causing issues up and down supply chains. Times are tough, so we’ve gathered some guidelines to help your supply chain get back on track, or at least to shore it up during these challenging times. Where possible, provide daily updates and/or schedule weekly meetings to work through different options for securing an adequate supply of essential high-demand items. Another solution is to create inventory reserves.

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‘Best in Class’ Supply chain from a Road warrior perspective – Part 3

Kinaxis

by Carol McIntosh Insight #3 – Your supply chain measurements. Much has been written about supply chain measurements. Which metrics are most important? How do you align your supply chain at every level? Everyone would agree that the big buckets of metrics are Service, Revenue, Inventory (Cash), and Cost, which support your company’s strategic goals. Recognize achieving the optimal goal for each metric requires trade-offs.

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

We salute the year’s top advancements in supply chain technology and processes. Thanks to omni-channel distribution, 3-D printing, self-service logistics and other avenues of disintermediation, traditional supply chain roles are rapidly being transformed into all-new opportunities. Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more.

[WHITE PAPER] 4 Strategic Considerations when Considering Offshoring Parts of your Supply Chain

Cerasis

While they may save money on unskilled labor and by achieving economies of scale, they ultimately will pay more because of longer lead times, increased inventories, the need for more management resources for planning and logistics, and constraints on their ability to respond quickly to changing demand. White Paper: Hidden Risks and Costs in an Offshore Supply Chain. 4 Strategic Considerations when Considering Offshoring Parts of your Supply Chain.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Yet often the Supply Chain is undervalued. Why is Supply Chain often undervalued? Pressures for Cost Reduction in Supply Chain. Subscribe Here!

The Supply Chain Detective™! In Search of Broken Supply Chain Clues!

Supply Chain Game Changer

How can you tell if your Supply Chain is broken? But before the situation gets to those extremes what are the clues that your Supply Chain is not working as well as it could, or should? Supply Chain effectiveness is absolutely critical for companies in most industries to survive, let alone succeed. That makes Supply Chain a very important part of a company. But how do you know if your Supply Chain is performing well?

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

Supply Chain professionals however are uniquely positioned to make dramatic impacts on the environment. In Supply Chain we are involved in the entire breadth of activities in most any company. As such we have the direct or indirect ability to take actions which can promote environmental sustainability, reduce carbon footprint impacts, and drive the creation of the Green Supply Chain. The Supply Chain Environmental Model. Subscribe Here!

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. What is inventory revaluation? Supply chain disruption.

Writing: Working on My Book

Supply Chain Shaman

Supply Chain Leader. Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. I loved the quote that I captured today in my interview (see above), and I have enjoyed interviews with supply chain leaders like Peter Gibbons. As background, Peter Gibbons is the Executive Vice President, Global Supply Chain for Mattel, Inc. How do you define the metrics that matter?

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Professionals in supply chain management use various methods to identify best practices to improve the operations. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented. Boeing and Airbus Supply Chain Strategy Boeing wants to encourage more flight frequency and direct route using a smaller capacity aircraft.

Guest Post: Ignoring this Performance Metric is Risky

TMC

There are many ways to measure supply chain performance in terms of resilience, but there is one that’s easily overlooked even though it is gaining in importance: Detection time. By that I mean the time measured from the instant a company realizes it will be hit by a supply chain disruption to the time the incident actually takes place. Companies that are quick at detecting supply chain disruptions are more competitive than slower enterprises in a number of ways.

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

Check out What Exactly Is Supply Chain Management? The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. But the Supply Chain team is uniquely positioned to bridge all of these silos and islands. Supply Chain is truly the link that can hold your company together! The Role of the Supply Chain Team. Subscribe Here!

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . With the rapid rise in omnichannel shopping and the need to fulfill those orders quickly, retailers must balance inventory positioning, the labor cost to fulfill the orders, and transportation costs.

Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Gartner recently announced their 2018 Top 25 Supply Chains List. But as I review the list, compare it to prior years, and consider the scoring methodology I do wonder whether the list in its current form continues to be relevant for identifying the best of the Supply Chain. The 2018 Gartner Top 25 Supply Chain List. The Gartner Top 25 Supply Chain list has now been released for 14 consecutive years. Inventory Turns 3. (10%).

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Supply chain management is a multi-faceted process with many stakeholders and even more moving parts. New technology aims to make the supply chain more efficient, yet investing in the wrong technology further complicates productivity while hindering profitability. Effective supply chain management offers numerous benefits for companies, so overcoming challenges to keep things running smoothly is a top priority for supply chain professionals.

Top Supply Chain Articles of 2015

Cerasis

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. Top 10 Supply Chain Articles from 2015. The following 10 supply chain articles are listed in order from the 10th most read blog post to the top most read post. Without further ado, here are the top 10 supply chain articles by most read from the Cerasis blog: 10.

Importer/Exporters vs Freight Forwarders/3PL – Levelling the Playing Field

3rdwave

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains.

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Excess Inventory? No Problem. You Have Trailers In the Yard.­­

Talking Logistics

With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. But even as developers have flooded the market with new inventory, some retailers are still having trouble finding adequate, flexible space. The post Excess Inventory?

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions. To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. What is inventory revaluation? Supply chain disruption.