5 Ways to Improve Supply Chain Strategy

OneSCM

Supply chain management has never been more important to the success of companies. But fortunately, a few adjustments to supply chain strategy can go a long way. No matter what other changes you might make to your supply chain strategy, chances are you’re relying heavily on digital operations at this point. This helps to make operations more efficient, but it also means that your supply chain is potentially vulnerable to cybercrime.

H&M Supply Chain Strategy - Successful Retail Inventory Control

TradeGecko

Fashion isn't just all about dressing up and H&M's supply chain procedures are a testament to that. Inventory Management Best PracticesGlobally recognised for being a successful and expansive retail giant in terms of market and financial prosperity, H&M's.

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Executing Customer-Centric Supply Chain Strategies

Supply Chain Shaman

Included in this post is Cummins’ digital award for the 2016 Supply Chains to Admire. I want to understand why some companies outperform on the Supply Chain Metrics That Matter while others do not. I am enlisting their support to share their stories in podcasts, blog posts and at the Supply Chain Insights Global Summit on September 6-9. About twice a month, companies ask me to review their strategy documents. Customer-Centric Strategies.

5 Ways an Omnichannel Supply Chain Strategy Can Improve Customer Experience

Cerasis

The importance of an omnichannel supply chain strategy cannot be overstated. According to Randy Strang of Supply Chain 24/7, a survey of the most important parts of a shopping experience found customers’ expectations are more than meets the eye. This means omnichannel supply chain success is key to at least 62 percent of shopping experiences. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service?

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.

What We Can Learn from Target's Supply Chain Strategy

AFFLINK

Their sales strategies, marketing efforts, and supply chain strategies are superior to many other department stores, keeping the business efficient and driving down costs for customers. Here's a look at what businesses can learn from Target's new supply chain strategy. How Target Changed Its Supply Chain Strategy in 2018. The new system, however, replenishes store supply on an individual basis.

Key Ingredients to Formulating a Winning Supply Chain Strategy in the Process Chemical Industry

Logility

Process manufacturers face a highly complex supply chain challenge. Add to these factors such as razor-thin margins, SKU-proliferation, globalization, and products that tend to be heavy, bulky and/or expensive to move and it quickly becomes apparent why process manufacturing supply chains are very challenging. There are several key ingredients in formulating a winning process manufacturing supply chain.

10 Minute Supply Chain & Logistics Strategy

Logistics Bureau

Why do so few businesses have a supply chain strategy? Watch this 10-minute video to develop your Supply Chain Strategy fast. Business Improvement Supply Chain Strategy business objective business performance business strategy customer service policy financial strategy inventory policy measures mission organisation planning process productivity service strategy supply chain supply chain objective supply chain strategy tactics utilisation vision

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.

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Logistics

Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. A key component of this technology trend is the need for a supply chain visibility platform. Research shows that having real-time supply chain visibility is necessary to build a responsive, resilient, competitive, and profitable operation.

Seco Tools: Cutting Edge Supply Chain Strategy Takes Shape

Logility

If a tool cannot be supplied when it is needed it is very easy for the customer to secure a new supplier. Historically, customers held their own inventory. They kept a supply of produ cts on hand at every site. This became an expensive proposition for the industry, which gave way to placing the responsibility (and cost) back on the manufacturer to hold inventory and deliver it when needed. Supply Chain Planning Overhaul.

Tools 100

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

TMC

Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. A key component of this technology trend is the need for a supply chain visibility platform. Research shows that having real-time supply chain visibility is necessary to build a responsive, resilient, competitive, and profitable operation.

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.

5 Ways an Omnichannel Supply Chain Strategy Can Improve Customer Experience

Veridian Solutions

The importance of an omnichannel supply chain strategy cannot be overstated. According to Randy Strang of Supply Chain 24/7, a survey of the most important parts of a shopping experience found customers’ expectations are more than meets the eye. This means omnichannel supply chain success is key to at least 62 percent of shopping experiences. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service?

Warehouse ‘Just in Case’ Safety Stock: Balancing Inventory Levels vs. Risk

Tecsys

There are many risks you need to factor into your supply chain strategy. Safety… The post Warehouse ‘Just in Case’ Safety Stock: Balancing Inventory Levels vs. Risk appeared first on Tecsys. Posts Supply Chain Warehouse Management COVID-19 safety stock Supply Chain Strategy

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Transportfolio

Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. A key component of this technology trend is the need for a supply chain visibility platform. Research shows that having real-time supply chain visibility is necessary to build a responsive, resilient, competitive, and profitable operation.

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.

E-Commerce Continues to Add Focus on Omnichannel Supply Chain Strategies: Projections for 2018 Demand Continuous Improvement

Veridian Solutions

Omnichannel supply chains are increasing in complexity and prevalence for good reason. Warehouse Managers Avoiding Omnichannel Supply Chain Strategies Will Lose Competitive Ground Competitive advantage is based on the ability of companies to offer products or services at reasonable, competitive prices. Today, more than half of the nation’s 140 retail chains in the top 500 offer omnichannel shipping and pickup options, and 72.1 OmniChannel Supply Chain

Supply Chain Strategy: Thoughtfully Designed, or an Afterthought?

FLEXE

<p>Many of the world’s best-known companies’ supply chains grew from a series of historical accidents rather than intentional design. Because of this, a simple activity like mapping and visualizing supply chain flows can often spark critical questions such as, “Why are materials sourced from Region A, produced in Region B, then air-shipped as a finished product back to Region A?”

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. The retailer now can proactively allocate inventory to various channels with a much higher level of accuracy than the competition.

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.

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.

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.

Time for Manufacturers to Throw Out Old Ideas About Inventory Management

Supply Chain Brain

Innovative supply-chain strategies that seemed so perfectly attuned to current purchasing patterns have turned out to carry a lot more risk than their creators could ever have imagined

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. The Inventory Management Journey.

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. Inventory Goal.

A Supply Chain Evangelist can help your mid-size company get on board with strategic supply chain improvements

OneSCM

I recently participated in a Supply & Demand Chain Executive panel webinar on the procurement challenges of small and mid-size companies. As you can imagine, the challenges are many, ranging from poor visibility, productivity, and predictability, to low inventory turns, difficulty gathering data to measure supplier performance, and problems reconciling/matching/paying supplier invoices on time. Champion the Cause with a “Supply Chain Evangelist”.

Supply Chain Networks – The Greatest Influence

Logistics Bureau

What shape should your Supply Chain Network be, and what are the factors that drive the shape of it? Business Improvement Distribution Network Design Supply Chain Strategy cost to serve analysis customer service offer customers inventory location service strategy supply chain networks warehouse locationLook closely at the diagram that I was about to show you here in this video.

Video 55

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e.,

Vendor Managed Inventory (VMI): Everything You Need to Know

EMERGE App

Within the global supply chain, vendor managed inventory (VMI) is becoming an essential service. That is why most retailers will opt for managed inventory to guarantee an increase in delivery rates. . In return, this will improve inventory management.

Advantages and Pitfalls of Push and Pull Strategies in Distribution Networks

Kinaxis

by Iman Niroomand What’s driving your supply chain – immediate consumer demand or future projections? A truly customer-oriented supply chain strives to fulfill the customers’ demands on-time. Supply chains are planned based on when a product is produced, delivered to distribution centers and made available at retail stores. The most common strategies for moving from upstream to downstream sites are push and pull strategies , or some mix of both.

Supply Chain Fundamentals

Logistics Bureau

Making sure you got a supply chain strategy that’s appropriate and works and is understood. Managing your inventory correctly. Business Improvement Supply Chain Technology Trends business fundamentals business strategy customer and product profitability distribution network inventory new technology Outsourcing Contracts sales and operation planning supply chain supply chain strategy

Push vs. Pull Strategies: Dealing with the On-Demand Market

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘Staying Ahead of Today’s On-Demand Market: Push Versus Pull Strategies.’ The author, Robert Rejano, Processes and Applications Advisor, Celestia, discusses the key differences between push and pull strategies and their impact on the supply chain. Rejano asks ‘So why does technology even matter when supply chain principles haven’t really changed in decades?” Higher inventory.