A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. But even with social distancing, the global lockdowns, temporary closures of many businesses and disruptions of economies everywhere there are still Supply Chains in action, as disrupted as they may be.

Top 2016 Supply Chain Strategy Posts from the Supply Chain Link Blog

Arkieva

Over the past year, the Arkieva Supply Chain Link Blog provided thought leadership and informative posts on supply chain strategy tips, trends, and news. Just in case you missed some of our supply chain strategy posts , we’ve compiled a list of our popular supply chain posts from 2016 below (ranked based on shares and views). Here is a list of the Top 20 Supply Chain Strategy Blog Posts from 2016.

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26 supply chain pros reveal the single most effective way to create a winning supply chain strategy

6 River Systems

With new supply chain innovations , trends in logistics technology and advancements like automated robots making a big impact on operational efficiency, it seems that supply chain optimization is within reach for more companies than ever before. However, even with a growing number of innovative technologies at your fingertips, your success still depends on your strategy. ” Meet Our Panel of Supply Chain Professionals: Trey Howard Emmanuel Frost Michael D.

How Supply Chain Strategy Misalignment is Killing Kmart USA

Logistics Bureau

At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. As food for thought in the meantime, I want to illustrate how seriously supply chain strategy misalignment can impact your company , using the story of Kmart USA to illustrate some of the possible consequences.

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.

Building your Supply Chain Strategy: The Five Tenets of High-Performing Supply Chains

Supply Chain Nation

The last 15 years have been a rollercoaster for supply chain professionals as companies embraced supply chain innovation, moving up the five steps of the supply chain maturity curve, supported by new technologies. During this time, JDA mirrored this vision of supply chain strategy that fosters competitive advantage and profitable growth based on the five tenets of high-performing supply chains.

Building Your Supply Chain Strategy: Retailers are at the Forefront of Customer-Centricity

Supply Chain Nation

In Part I of my Supply Chain Strategy series , I explained why the five tenets of High-Performing Supply Chains remain a great starting point to build your supply chain strategy. Today, retailers prepare their strategy for peak season months in advance. Data sources that may be leveraged for this include demographic data, customer transactions, shipping information, local buzz and insights from research.

Building Your Supply Chain Strategy: Defining Customer-Centric Supply Chain Design for Manufacturing Companies

Supply Chain Nation

In Part I of my Supply Chain Strategy series, I explained why the five tenets of High-Performing Supply Chains remain a great starting point to build your supply chain strategy. In Part II I explained how seeking inspiration from retailers can help manufacturing companies move beyond supply chain segmentation to embrace customer-centricity. This post will explore the three capabilities essential to supply chain redesign.

Building Your Supply Chain Strategy: The Customer-Centric Journey Towards Supply Chain Excellence

Supply Chain Nation

Building a High-Performing and Profitable Supply Chain. In Part I of my Supply Chain Strategy series, I explained why the five tenets of High-Performing Supply Chains remain a great starting point to build your supply chain strategy. For many manufacturing companies, developing a customer-centric supply chain can be a long and daunting journey. Figure 4 – Maturity Model for Customer-Centric Supply Chains.

KPI 61

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. For Management: a balancing strategy, etc…. Inventory Management is about having a right balance of expectations from different functions of the supply chain. Is there a common trend in inventory management?

Do You Understand Your Chief MRO Inventory Challenges?

Logistics Bureau

If your company is in the business of maintenance, repair, and operations, you should already be aware of the strengthening trend in service as a source of value , both in business-to-business and business-to-consumer marketplaces. Given this knowledge then, does your organisation place enough importance on the management of MRO inventory? If yours is one of them, and you’re wondering where and how to start getting a grip on MRO inventory, this post might help.

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. New Study Shows a Rise in US Company Inventories. In the US economy, overall inventory levels have been ticking up in recent years. Source: EBN.

Re-thinking supply chain risk: Protection at any cost?

Supply Chain View from the Field

I have been having a number of fascinating interviews with Chief Procurement Officers this past week on the subject of procurement analytics and supply management risk. Supply chain risk management brings up a whole host of issues – and as one executive pointed out, is rather a sophisticated concept. But when companies do further analytics on excessive inventory, they eventually realize that about 80% of it is non-critical.

Biogen Idec designs the innovation supply chain

Supply Chain View from the Field

Joydeep Ganguly from Biogen Ide c spoke in my Supply Chain Relationships class last week, and shared his insights on how Biogen’s supply chain evolved. Supply chain has a big focus on the currency of today’s theories being implemented here. The Supply Chain Resource Cooperative at NCSU played a big role in helping to shape our supply chain. The supply chain is NOT nimble and people struggle.

Black Friday isn’t What it Used to Be…E-Commerce has Changed the Landscape

Supply Chain View from the Field

To cope with this environment, companies are seeking to outsource more technology design, inventory management, working capital investments, and planning execution to other partners in the supply chain. Experts have warned that driving too much responsibility up the supply chain can result in significant risk and loss of control. A supply chain strategy involves making decisions: How do you distribute?

Supply Chain Metrics: Make Sure They Are Aligned with Your Strategy!

Supply Chain View from the Field

Here are a few guidelines I’ve encountered over the years that might help people think more about selecting and establishing metrics for your supply chain. Step 1 – Translate Organizational Objectives Into Supply Chain Metrics. Before beginning to establish supply chain metrics, managers must first take the time to ensure that they fully understand key organizational objectives. Step 2 – Develop Metrics and Data Sources. Inventory Goal.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I also worked with a team of leading thinkers in developing the Future of Procurement Report (published by KPMG) , as well as publish the BVL International Global Logistics Trends and Strategies report with a team of leading academics and executives in Europe, China, North and South America, Russia, and India. We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics.

The Origins of Category Management

Supply Chain View from the Field

I was involved in inventory control area on what they used to call “residual parts”, which were leftover parts that you ended up trying to sell into the service parts organization. But I was able to map out the value chain back to petrochemicals, and was able to estimate weights which were then pushed back onto part numbers. They would bid and source only part at a time!

Why Innovation Has to be More Than a Good Idea

Supply Chain @ MIT

Supply chain strategies often include some sort of commitment to innovation, but if the organization is not set up to be truly innovative it’s an empty promise. Lamynix’s supply chain enjoyed an enviable reputation for excellence. Underlying this performance was the company’s supply chain strategy: a set of strategic principles and objectives that served as a bridge between Lamynix’s competitive strategy and its supply chain decisions.

Forget the Supply Chain of 2020. Here are 3 Things That Supply Chains Need Today.

Arkieva

From talks of an autonomous supply chain, a robotic takeover, drone deliveries in 30 minutes or less; the future of supply chain management presents businesses with the opportunity to transform their processes into a competitive advantage. Most manufacturing businesses still, face day-to-day supply chain optimization issues that span from having manual processes to having difficulties in syncing up projected sales with actual market conditions.

Tips for Getting Executive Buy-in for Supply Chain Planning Software

ToolsGroup

Are you making an action plan of all the things you could do better and faster with your supply chain planning software when the next global crisis hits? The disruption we’ve seen in supply chain planning as a result of the pandemic is unprecedented. Your best defense against today’s radical uncertainty is a resilient supply chain that’s ready for anything. ” Steps for building a powerful supply chain planning business case.

Digital Transformation of Your Supply Chain Network in the Age of AI

Solvoyo

Trying to understand and implement Artificial Intelligence for your Supply Chain Network during your digital transformation efforts, or let alone finding the right partner in your journey is like walking in an enchanted forest with full of myths, ogres, and lost souls trying to find a way out. Let’s try to look at few common myths you may come face to face in your quest to transform your Supply Chain Network by using AI while going digital in your organization.

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

By asking a series of questions regarding the type of requirement the buyer was sourcing, an artificial intelligence tool guided the user through a decision-tree that led them to use the right contract and the right tool. Contract data is the real ROI behind the adoption of these systems, as this data becomes foundation for application of artificial intelligence systems, that will lead to even more interesting and useful applications for supply chain management.

The American Red Cross: A New SCRC Partner Company Engages the Influence Model!

Supply Chain View from the Field

I had the opportunity to visit with the American Red Cross in Charlotte, NC yesterday, and held a negotiation workshop with the supply chain directors and managers. This was at the request of my good friend, Tom Nash, who I have known since 2000, when he was an IT Sourcing executive at Shell Oil in Houston. At every place, he has landed, he has been a strong supporter of the Supply Chain Resource Cooperative , and his engagement at the ARC was no different.

3 Steps for Making Digital Transformation Happen in Supply Chain Planning

Solvoyo

Digital transformation is transforming your decision-making processes with technology — utilizing new sources of innovation and creativity such as artificial intelligence, machine learning, Internet of Things, virtual reality, to enhance customer experience and employee productivity and ultimately improve business performance. Bringing Agility into Supply Chain Management. This goes for Supply Chain Management and the surrounding IT infrastructure as well.

4 Common Supply Chain Cost Blowouts

Logistics Bureau

Whatever your supply chain role might be, monitoring and controlling costs is almost certain to be an important area of responsibility for you. However, when you’re busy with the day-to-day activities of keeping materials moving and fulfilling customer orders, it’s not difficult for increases in operational expenditure to go unnoticed until before you know it, you’re dealing with one or more supply chain cost blowouts. Inventory.

How Cognitive Learning Changes the Game in Supply Chain

Solvoyo

But what is a cognitive supply chain model and where does it fit into all this? Simply, a cognitive supply chain model utilizes machine learning, which is a type of artificial intelligence that has been merged with advanced analytics. It helps quickly process and make sense of the vast amount of data coming from countless sources. How Cognitive Learning is Applied to Supply Chain Processes. Sources: [1] [link].

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

Moreover, a “snapshot” assessment will generally not consider the consistency to which supply chain processes are deployed. Moreover, assessments provide a “baseline” of best practices that allows organizations to determine where they are today, where the biggest gaps are across their supply chain activities, and where are the opportunities. Source. > Inventory levels. > >Inventory Turns. > > E-commerce strategy. >

KPI 40

History Repeats Itself Without Supply Chain Leadership

Supply Chain Shaman

This is a story for the Eds, Franks, and Toms working together in supply chains across the globe. It is also a story for a young supply chain manager attempting to make a difference, but feeling stymied. Tom, the colorful warehouse manager, constantly heckled Frank for the increasing inventory levels while Ed, the quiet material/logistics manager, constantly questioned if there was a better way. Efficient supply chains may not be the most effective.

More Insights on Deploying the Digital Supply Chain

NC State SCRC

On the second day of our executive focus group on the LIVING Supply Chain, the group took the opportunity to share insights regarding the emerging trends in the future of supply chains, with a focus on digitization, development of analytics and a focus on emerging technologies. The vision of the “LIVING” Supply Chain was shared, and the idea behind development of a centralized control room with commonly shared KPI’s was discussed.

KPI 40

Learning to Work with Machines That Learn What the Experts Know

NC State SCRC

It is no secret that future generations of managers are being asked to learn all about the different processes in the end-to-end supply chain, and be able to come together with others in a fast action plan when a disruption strikes. Over time, as the system learns, it can be used to better train young professionals based on the expert work of more experienced supply chain professionals.

3 Things you Need to Know about Your Supply Chain (Plus an Extra One)

Logistics Bureau

When I first published this post, it was called “3 Things You Need to Know about Your Supply Chain.” ” However, I recently realised that I was omitting a fourth key factor that can contribute to supply chain glitches and gremlins. For those CEOs and other execs who don’t know much about supply Chain or logistics management, I’d like to highlight the four key areas to really keep an eye on. Supply Chain Impact on Shareholder Value.

New Survey Says Alignment of Supply Chain and Business Strategies Is Critical to Success

Tompkins Blog

RALEIGH, NC, April 15, 2014 — Is it important to connect your supply chain strategy with your business strategy? According to a recent survey by Tompkins Supply Chain Consortium, nearly 80 percent of participants agree. Aligning Supply Chains with Business Strategy , a new report by Tompkins Supply Chain Consortium based on survey findings from 172 participants, makes a strong case for the importance of connecting supply chain and business strategies. “We

The Basics of Walmart Replenishment

SupplyPike

Learn about: Cross-docking Walmart’s inventory technology Shelf-scanning robots Vendor-management inventory. Walmart’s global inventory is worth more than $32 billion on any given day and presently operates more than 11,500 stores across 27 countries. In order to maintain that inventory, the retail giant uses three basic strategies for replenishment : Cross-Docking. Walmart’s inventory strategy primarily revolves around cross-docking.

ToolsGroup Named a Leader in IDC Marketscape for Worldwide Supply Chain Inventory Optimization

ToolsGroup

BOSTON (December 13, 2019) ToolsGroup, a leader a global leader in supply chain planning software, has been named a leader in the IDC MarketScape: Worldwide Supply Chain Inventory Optimization 2019 Vendor Assessment. ToolsGroup Service Optimizer 99+ supply chain planning software models supply chains with precision and decodes demand uncertainty for reduced cost and increased profitability and planner productivity. Source: [link].