Supply Chain Leaders Rearranging Deck Chairs? Yes, I Think So.

Supply Chain Shaman

After finishing the Supply Chains to Admire report and the Youtube series (to be released this week), this is my feeling. What Is Supply Chain Excellence? The seven years of work on the Supply Chains to Admire is part of my quest to answer Keith’s question.

Clouds are Gathering for an Open Platform for Supply Chain

ToolsGroup

If this challenging past year has taught us one thing, it is the value of connections–not only in our lives, but in supply chains. How supply chain disconnections disrupt service. 2030 vision: End-to-End supply chains that serve customers.

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Responding to Supply Chain Disruption Amid COVID-19

AIMMS

It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. T he apparel industry, for instance, is bracing for a prolonged period of low activity. Our team put several resources together to help supply chain organizations navigate through this crisis safely. . Multiple best/worst case scenarios should be run under different demand conditions to study the impact on your supply chain.

Realizing the Value of Supply Chain Optimization for Tire Manufacturing

DELMIA Quintiq

The establishment of efficient global supply chains has become critical to competitiveness. Supply chain optimization is essential to achieve this and can help tire manufacturing companies deliver significant reductions in supply chain costs and improvements in service levels.

Inventory Management: We Can Do Better

Supply Chain Shaman

In my day-to-day work in supply chain management, I find more encounter more opinions than facts. …most discussions are fueled by over-zealous and self-serving marketing programs. Downsizing inventories over the past decade crippled the response.” In Table 1, I share research collected for the Supply Chains to Admire analysis on the average days of inventory by industry across the period of 2004 to 2019 by increments to match economic shifts.

Supply Chain Certifications: Are They Worth It?

Talking Logistics

There are various supply chain and logistics certifications that industry professionals can pursue from APICS, ISM, CSCMP, and other organizations. Is getting a certification important for career advancement, especially for new supply chain professionals?

Five Reflections From Supply Chain Planning Benchmarking

Supply Chain Shaman

In my work with Supply Chain Insights , I immerse myself in learning. I continually question my long-held beliefs on supply chain excellence. . When readers finish a Supply Chain Shaman blog, I want to drive a set of unique takeaways. As a result, in each post, I try to take a new angle and hopefully propel industry thinking forward. Today, I am going to share five insights that I have gleaned from our work on Supply Chain Planning Benchmarking.

The Future of Drones in the Supply Chain

Kuebix

Logistics industry innovators are always looking to create solutions that will cut costs and improve operational efficiencies. One application of technology that’s becoming increasingly popular within supply chains is drones.

Chemical Giant Uses Inventory Tracking for Solving Key Supply Chain Issues

Roambee

As an industry that generates trillions of dollars in sales and employs millions globally, the chemical industry is ubiquitous when it comes to products and technology.

Top 6 Predictions for Supply Chain Planning in 2021 and Beyond

ToolsGroup

Over the year, COVID-19 introduced even greater complexity into the already difficult work of supply chain planning–and changed supply chain from a practitioner-focused topic to everyday dinner table conversation. Digital supply chain transformation will accelerate.

What are the best Supply Chain Strategies for 2021

ivalua

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supply chains. . Supply Chain Risk Management on the World Stage – Lessons Learned.

Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? The answer varies from function to function in the supply chain. For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain. Inventory Management: There’s No One-Size-Fits-All Approach. What does it mean for inventory?

Using Inventory Modeling to Develop a Holistic Inventory Strategy

Logistics Viewpoints

Top supply chain officers across the industry were recently surveyed¹ on their biggest barriers to effective inventory management. It’s no wonder: often inventory placement decisions are made in a vacuum without considering the end-to-end supply chain impact. How do you predict how much inventory to build when you can’t […].

Wanted: Supply Chain Architects!

Supply Chain Shaman

When I moved into industry, and the real world, I managed engineering teams. 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. Figure 1: Definition of the Supply Chain Organization.

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.

The Bionic Supply Chain: The human, robotics, drones inventory management workforce.

PINC

If you happen to be in the Toronto area or are planning to attend the Distribution Logistics Summit in the first week of November in Toronto, Canada, I would like to invite you to attend the panel titled The Bionic Supply Chain. As markets demand not only efficiency but agility and flexibility from supply chains, next-generation models are successfully combining robotics, automation, and digital technologies to drive superior performance.

How to Adapt Industrial Planning During and After Disruptive Events

DELMIA Quintiq

Many manufacturers depend on impacted networks for their supplies and the strain on planning organizations is jeopardizing business continuity. Challenge 3 Visibility is now worse because suppliers have either been overloaded with demand or have supply/production problems of their own. Challenge 4 Customer demand has become extremely volatile as demand for supplies and products changes dramatically through the lifecycle of the crisis.

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Whilst the COVID-19 pandemic spreads across the world, it is vital for organisations to ensure a reliable supply of products and services. Lockdown of cities and manufacturing plants have significantly impacted many industriessupply chains. Leadership in Supply Chain.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. The tension I felt reading the brochure on the plane is what I believe every supply chain leader feels every day. That is one of my primary drivers at Supply Chain Insights. As a team we conduct quantitative research of supply chain leaders to help gain clarity of the answers.

Your supply chain is costing you money – Reason #6 Not effectively managing inventory.

Kinaxis

by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. Reason #5 Not having a supply chain risk management process. Reason #6 Not effectively managing inventory. How do inventory records get out of alignment?

Wired for Success: Optimizing Sales and Operations Planning for the Wire & Cable Industry

DELMIA Quintiq

The global wire and cable manufacturing industry is slated to be valued at US $232 billion by 2025 at an annual growth rate (AGR) of approximately 5 percent. Manufacturing Optimization Supply Chain Planning & Optimization cables DELMIA operations sales

Supply Chain: The True Game of Risk

Supply Chain Shaman

For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks. Geopolitical shifts, economic uncertainty and demand/supply volatility are rising. In my life time, supply chains changed.

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

There’s still a strong demand for supply chain planning solutions, particularly ones with machine learning capabilities that can help clients rapidly adapt to the changing supplier situations and consumer demand that goes along with major disruptions like this. .

Supply Chain Recognition in Times of Disruption

DELMIA Quintiq

Supply Chains and Integrated Logistics. The crisis generated by Covid-19 brought as one of its aspects, the notion of the extension of supply chains and integrated logistics, its impacts on the businesses of the companies, and the lives of people. In the current scenario, it became clear the perception of the links in the chain and the supply of products often have a long way to go before reaching the customer or consumer.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” ” I have been studying the evolution of inventory technologies as an industry analyst since 2002. The supply chain is a complex system with increasing complexity. Race for Supply Chain 2020.

10 Small Business Inventory Management Tips!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Featuring Our 10 Best Inventory Management Articles! Small business inventory management tips article and permission to publish here provided by Simcha Michael. Tip #5: Categorize your inventory for improved visibility.

Three Critical Supply Chain Capabilities for Private Label Industry Success

Logility

To combat this complexity and provide high service levels on brands that directly shape a retailer’s core reputation requires expertise in the crucial disciplines of demand planning, inventory optimization, and manufacturing planning. This requires delivering highly accurate data to drive optimal decisions, but without spending precious supply planner time gathering and tabulating that data. eBook: The Inventory Optimization Handbook

Boost productivity through supply chain resiliency, demand forecasting, & inventory planning

IT Supply Chain

The post Boost productivity through supply chain resiliency, demand forecasting, & inventory planning appeared first on IT Supply Chain. Industry TalkBy Avtar Dhillon (pictured). Director, Business Value Consulting, ThoughtSpot.

Supply Chain Manager – A “Green” Superhero

Logility

So, I started thinking about how supply chain management can impact the environment and concluded that supply chain managers are Green Superheroes. Better supply chain planning saves money but also reduces greenhouse gases and decreases your company’s carbon footprint.

Overcome Manufacturing Supply Chain Challenges with Digital Planning

ToolsGroup

The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. With the introduction of digital supply chains, the industry is moving into an era arguably on par with the industrial revolution. To deliver business transformation, the gap between company goals and digital supply chain strategy needs to close. Excess and obsolete inventory.

The Demand Powered Supply Chain: How to Win as the Bar Continues to Rise in the Retail Industry

CH Robinson Transportfolio

The year 2020 was a year unlike any other, and supply chains were more front and center than ever before. This is especially true in the retail space, as a surge in ecommerce and pandemic-driven demand volatility increased the rate of change in an already rapidly evolving industry.

Optimization and Execution: How Manufacturing can lead the Industry Renaissance

DELMIA Quintiq

The Industry Renaissance has transformed invention and production for the needs of today’s customers. Only purpose-built solutions deliver realistic plans that can meet customer orders while managing the variability of supply and demand. Unforeseen bottlenecks and constraints constantly delayed productions and the only way to ensure on time deliveries was to expedite, add labor or overstock inventory and WIP; all at great expense.

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

The days of managing supply chains through databases and changing information are over. Although blockchain is often related closely to cryptocurrency, it holds great value for use in supply chain management. Use of Blockchain in Supply Chain and Logistics Will Put Certain Departments at Risk As explained by Connor DiGregorio of Industry Week , blockchain technology carries a degree of risk for traditional supply chain departments.

Implementing AI in Supply Chain Logistics

20Cube Logistics

Supply chain logistics is going through a paradigm shift wherein leading e-commerce and logistics have raised customer expectations with timely delivery and status updates of the consignment. Today, AI plays an important role in modern supply chain optimization.

An executive’s guide to AI in supply chain management

Kinaxis

by Alexa Cheater Faster, smarter, more profitable supply chain decisions. Transitioning from hype to reality, artificial intelligence (AI) is gaining momentum across industries thanks to an explosion in computing power and storage, the emergence of IoT (Internet of Things) and big data, and algorithmic advances. Emerging technologies and how they relate to supply chain planning. How are you exploring AI in supply chain planning?