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Reason #4 Making key decisions by modelling the supplychain in Excel. Reason #5 Not having a supplychainriskmanagement process. Reason #6 Not effectively managing inventory. Reason #7 Making decisions based on bad data (supplychain data accuracy). Sound ridiculous?
When a new tariff is proposed, companies using AI-based forecasting tools are often able to adjust their sourcing or logistics strategies well before the policy takes effect. Rather than planning based on a single forecast, supplychain teams can evaluate multiple options in parallel: What happens if tariffs increase by 15%?
If you’re a supplychain or logistics executive and you’re looking for ways to improve as a leader this year, here are my five recommendations: 1. Ask “What are the risks?”more Supplychainmanagement is risky business — and the risks are growing every day. more often.
Sure, supplychain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring SupplyChain Performance Beyond Cost Reduction. Read more. . Read More. . Read More. .
Over the past two years, I’ve written extensively about the growing importance of supplychainriskmanagement and supplychain mapping. See for example: Rethinking SupplyChainRiskManagement. Doing Nothing on SupplyChainRiskManagement.
SCM is focused on efficiency, throughput, and resilience across a much wider operational footprint and requires coordination between manufacturing, logistics and supplychain, and demand planning teams to ensure timely fulfillment and quality assurance. on-time delivery, quality), contract compliance rate, and forecast accuracy.
The Rule of 40 was popularized by venture capitalists in recent years as a key performance metric for SaaS firms. The metric captures the trade-off between short-term viability and the investment in growth. on this metric. For Coupa, a key success measure they share with investors is the growth in spend under management.
But, more commonly there are downside surprises: customers lower the volume they want on an order, delay their order, there are manufacturing problems, logistics problems, staffing issues, to name the most obvious downside risks. The network supports downstream channel partners, upstream supply partners, and logistics partners.
Earlier this month in the post titled What Does 2023 Have In-Store for Global SupplyChains? , 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 supplychain and logistics executives.
According to a July 2014 supplychain research study from Accenture focused on Big Data and supplychainriskmanagement, most organizations have high hopes for using big data analytics in their supplychain but many have had challenges in deploying it.
SupplyChain Disruptions: A Survival Guide. Do you feel supplychainriskmanagement is too complicated to implement? This article will show you how one of the worlds leading companies put a theory into practice and survive many supplychain disruptions. Case Studies. Gather around! Discussion.
A common challenge for procurement and supplychain professionals is obtaining support from C-level leaders to invest in a robust supplychainriskmanagement (SCRM) program. But to make their strongest case, SCRM advocates need to focus on one key metric: return on investment. Contact us today.
Our new article, titled Accounting for External Turbulence of Logistics Organizations via Performance Measurement Systems (SupplyChainManagement: An International Journal, Vol. Accounting for External Turbulence of Logistics Organizations via Performance Measurement Systems. 6), is out now.
We’ve made our predictions , but it’s the unexpected that makes supplychainmanagement so exciting and demanding. Did you come up with any New Year’s resolutions to improve as a supplychain and logistics leader this year? Ask “What are the risks?”more Runners on your mark, get set…”. more often.
Talking Logistics was launched as a live, online video talk show focused on supplychain and logistics topics. It’s from that perspective and motivation that I’m excited to announce Talking Logistics YOUniversity and our first course: Fundamentals of Selecting and Working with 3PL Partners.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. This data was compiled from Resilincs EventWatchAI , a risk monitoring database provided to customers. economy and for industry supplychains.
A critical part of any supplychain is an effective and efficient supplychainriskmanagement (SCRM) program. Stone , Vice President of SupplyChainRiskManagement at Exiger Government Solutions.
Here are mine: To remember that supplychains should be built backward from the customer. One way to do this is to use a Perfect Order metric as a key way of measuring the supplychain organization. Learning & Leadership SupplyChainRiskManagement'
As the IoT ecosystem continues to evolve, Digital Product Passports will become an essential tool for managing product lifecycles, ensuring that businesses remain competitive and accountable in an increasingly transparent global market.
How the SupplyChain Crisis is Impacting Businesses and Consumers. 66% of consumers are concerned that supplychain issues will never end ( Chain Store Age ). 82% of people have concerns that the supplychain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items.
Agility is more about reacting in the next day or two, or even the next hour or two, to potential supplychain disruptions. They built them between 2012 and 2014, and then enhanced them when better supplychainriskmanagement solutions became available. The company has built Control Towers for this purpose.
This section will cover JIT and outsourcing by Apple Inc, SupplyChainRiskManagement by Cisco System, Technology Roadmap by Intel, SupplyChain Network Model by HP, Mass Customization by Dell and Quality Management by Sam Sung. Cost of inbound logistics is not taken into account.
“Supplier viability is a major concern of supplychain leaders and procurement professionals today when committing their direct materials to specific trading partners,” said David Cahn, Director of Product Marketing at Elemica , in a recent episode of Talking Logistics. The post SupplyChainRisks: Which Are Top of Mind Today?
The value network of suppliers and logistics providers is largely managed by spreadsheets and email with no system of record for interactions. What is RiskManagement? About the Author: Lora Cecere is the Founder of SupplyChain Insights. To ensure clarity, let’s start with a definition.
Amid todays unpredictable environment, supplychainriskmanagement has taken center stage for most product companies striving to maintain resilience and efficiency. Geopolitical tensions, tariffs, inflation, and labor shortages have heightened risk exposure, significantly impacting business performance.
There are four steps businesses can apply to understand and improve the resiliency of their supplychain network: Assess: Use all modeling and analytics to identify areas of risk. You can use network design models, company KPIs and other metrics to get a holistic look at your supplychain.
You may be part of an organization whose leaders understand that supplychainriskmanagement (SCRM) is a strategic imperative, and your SCRM may already be mature and delivering a return on investment. 4) The supplychain organization’s operational review includes evaluation by the corporate risk team.
no metrics, operate in functional silos). Simply put, if you don’t understand the root causes of poor supplychain visibility, you won’t know what corrective actions to take. Quantify the financial impact of poor supplychain visibility. Identify which SKUs take priority for supplychain mapping.
In this SupplyChain Matters posting we highlight published September 2022 indices of global supplychain volatility ( GSPI ) and US Logistics Index ( LMI ) activity trends along with our view of the implications. As noted above, the not so optimistic news now rests with risks for product demand contraction.
Several articles and reference books have highlighted Joe’s procurement transformation accomplishments at Lucent Technologies, Juniper Networks, and in the area of SupplyChainRiskManagement. Recently, several factors are screaming at us to now improve transparency of those selection and management decisions.
LogisticsManagers Index. Interestingly, the downshifts we observed in transportation metrics were much more muted in the last week of July, leaving open a possibility for a bit of recovery as we move towards peak season. Warehousing and Inventory metrics continue to buoy the logistics sector. Additional Data- U.S.
At LogiChem, attendees interacted through roundtables and panel discussions on topics that identified best practices around inventory and supplychainmetrics, third party logistics provider (3PL) management, rail logistics strategy to combat the driver shortage dilemma, and a host of other topics.
There are so many regulations like UFLPA and the German Due Diligence Act and others that are impacting global logistics and shipping. Companies are now being required to show what their supplychain looks like. Analyzing the supplychain after you’ve built it is important.
Many companies are modernizing their supplychains. But you have to go beyond modernizing your supplychain. You have to future-proof it through supplychain technologies. Many new logistics technologies exist to help future-proof supplychains. Next, let’s turn to logistics analytics.
Many companies are modernizing their supplychains. But you have to go beyond modernizing your supplychain. You have to future-proof it through supplychain technologies. Many new logistics technologies exist to help future-proof supplychains. Next, let’s turn to logistics analytics.
The provider’s platform was designed to complement and co-exist with specialty supplychain and enterprise systems, supplementing needs for multi-tiered network visibility, process control, and optimized inventory. Consultants and technology providers utilize the term of supplychain control tower capabilities.
The visibility layer includes the aggregation and normalization of your global operational data from both internal and external sources for the purposes of business intelligence, metrics and reporting. The execution layer includes a suite of purpose-built applications that are designed to manage different aspects of the supplychain.
Moeller Maersk , operators of Maersk Line plummeted a reported 18 percent as the carrier and logistics services provider reported full year 2023 financial performance that disappointed investment markets. Impact Implications- Maersk’s Financial Performance Last week, shares of A.P.
Logistics and Distribution. In this blog I will focus on first couple of sub process of demand planning cycle - 1) Setting up demand planning objectives and metrics for different business units/customers/key items/locations 2) Setting up the frequency of the forecasting process (create/review/publish) with the time horizons.
Logistics and Distribution. Insuring that each function, including online marketing, store operations and supplychain have common objectives, metrics and aligned rewards for the coming year. Enterprise Asset Management: IT Asset Management (57). Sourcing,Procurement,Contract & Spend Management (38).
Logistics and Distribution. In this step, the actuals are compared with the planned metrics (MAPE, forecast accuracy, bias etc.) Enterprise Asset Management: IT Asset Management (57). Sourcing,Procurement,Contract & Spend Management (38). SupplyChain Planning & Forecasting (59). Financial Services.
Logistics and Distribution. A competent Visibility solution should be able to present same data to all participants of the supplychain network, with their individual perspective. Enterprise Asset Management: IT Asset Management (57). Sourcing,Procurement,Contract & Spend Management (38). Financial Services.
Logistics and Distribution. These factors can be grouped under three categories - Benefits, Risks and Standard Parameters. Consistent Business Intelligence - BI metrics can be obtained consistently across the entire business banking on the foundation of single version of master data. SupplyChain Planning & Forecasting (59).
Logistics and Distribution. IT enablement in areas like Mobile work management, Health and Safety, Metrics monitoring (KPI) etc. Enterprise Asset Management: IT Asset Management (57). Sourcing,Procurement,Contract & Spend Management (38). SupplyChain Planning & Forecasting (59). Healthcare.
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