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According to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supplychainexecutives are losing the strategic gains they made with their C-suite counterparts. While supplychainexecutives largely realize how critical collaboration and effective supplychain technology are.
In a survey we conducted in October 2020, 91% of our Indago supplychain research community members, who are all supplychainexecutives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
As a supplychainexecutive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos.
Manufacturing is on the cusp of an explosion in growth and innovation in 2018. Regulatory reform has been top-of-mind for supplychainexecutives and political leaders in the US since the 2016 election. These facts set the stage for exponential manufacturing growth in 2018. Green Manufacturing Will Go Viral.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
Now, as a variety of disruptive events cause supplychain challenges, companies are contemplating bold moves to keep business moving, including moving sourcing and manufacturing closer to home markets and maintaining a larger reserve stock to help manage the fluctuations in supply and demand.
COVID accelerated executives’ understanding that supplychains needed to be agile. However, according to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supplychainexecutives are losing the strategic gains they made with their C-suite counterparts.
Resilinc made a powerful impact at ISM World 2025—highlighting how AI-driven foresight and financial risk intelligence can transform reactive supplychains into strategic assets. Both scenarios carry hidden dependencies, but overreliance on single or sole sourcing is increasingly a hidden challenge.
SupplyChain Matters provides the first of a two-part market education series addressing what we term as broadening the context from warehouse control layer or accelerator to that of supplychainexecution orchestration.
Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. Supplychain entities need to know vendors will be held accountable and adhere to the terms within vendor-supplychain partner service level agreements.
Leveraging advanced technologies like AI, machine learning, and real-time tracking can enhance visibility, optimize routes, and improve overall supplychain efficiency. Reducing reliance on single suppliers and diversifying supplysources can mitigate the impact of disruptions in specific regions or industries.
These are questions ARC Advisory Group will seek to answer in our online survey research of supplychainexecutives over the next few months. Source: J.P. Global Manufacturing PMI Global Trade as a Barometer Clearly domestic business activity is much larger than international trade.
Over his 30+ year career in the supplychain, Richard has worked with manufacturers around the world in operations, supplychain, and lean strategy roles to develop systems that can manage complex supplychains on a global scale. Richard previously founded and led Factory Logic, Inc. acquired by SAP).
About Supply & Demand ChainExecutiveSupply & Demand ChainExecutive is the only supplychain publication covering the entire global supplychain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more.
The following are the insights gained from my discussion with Sunil Roy , who leads Blue Yonder’s Industrial Manufacturing Industry Strategy, during a recent Blue Yonder Live and executive customer events that we prepared for jointly. Please educate us on the key challenges that keeps executives up at night.
The sudden onset of Covid-19 only reinforced what supplychain professionals had already realized: uncertainty is the only real certainty. In their time lean manufacturing and just-in-time were game-changing concepts. A new hyper-focus to meet customer expectations is creating pressures upstream in the supplychain.
It combines decisions across sell, deliver, make and source processes to drive value based outcomes. More advanced supplychain leaders model the role of complexity (product and customer), the impact of risk, and opportunity of innovation as well as product shipping and manufacturing locations, and inventory policies.
They have a complex network of suppliers, internal assets, and transportation and manufacturing partners, many of whom are changing on an ongoing basis. In supplychain we talk about the fact that just optimizing one link in a chain – for example, optimizing manufacturing – does not lead to an optimized system.
The Six “Rights” of SupplyChainExecution. Gary began our discussion by pointing out that the Amazon Effect, which he says had a critical turning point during the 2017 holiday season, has sped up supplychains for retailers and consumer goods manufacturers, causing a greater emphasis on sourcing.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
The COVID-19 pandemic has only confirmed what we already knew: modern supplychains must be built on a foundation of extreme agility and responsiveness. While lean manufacturing and just-in-time were game-changing concepts when they were introduced, agility and resilience must be taken to an entirely new level post pandemic.
Resiliency, which is the ability to withstand supplychain shocks and bounce back quickly, has become the most important requirement for supplychains. Lean manufacturing also focused on managing these operational risks, especially within the four walls of the enterprise. are most exposed to risk?
Data Types and Quality Variances Complicate Managing SupplyChain SLAs In the U.S., Each potential relationship represents the need for an SLA, and since the descriptors and terms vary, shippers and supplychainexecutives must thoroughly understand their responsibilities and expectations defined within each SLA.
The company explains, “The growing reliance on artificial intelligence and Internet of Things (IoT) devices is creating vulnerabilities across supplychains, with manufacturing and electronics sectors identified as particularly at risk. ” As supplychains work with more suppliers, the risk of a cyberattack increases.
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design and why. Much of this has to do with needs for deep integration and two way flow of data streams.
Even though the technology is still new, its potential cannot be ignored, and supplychainexecutives need to know why. Today, supplychain leaders remain confused and uncertain about the future of launching technology. WHITE PAPER] The Top SupplyChain Trends that Will Impact SupplyChain Management in 2018.
The sudden onset of Covid-19 only reinforced what supplychain professionals had already realized: uncertainty is the only real certainty. In their time lean manufacturing and just-in-time were game-changing concepts. A new hyper-focus to meet customer expectations is creating pressures upstream in the supplychain.
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.
In addition, more and more manufacturing companies will move to combine planning and execution in one solution so that supplychain disruptions can be better anticipated in the future and countermeasures can be taken in time. The trend toward the cloud is not new in the field of industrial manufacturing.
As manufacturers cope with heightened pressures for highly customized orders and sudden changes in demand, they experience a mismatch between their planning and procurement teams.
In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supplychain networks.
At the time, we were both deployed as consultants for Manugistics to help a manufacturing company to implement end-to-end planning. My goal was to implement demand and supply planning. The groups of supply planning, procurement and logistics operate within silos. Ellen currently works as a consultant at Cap Gemini.
Having an agent detect how long it takes to ship from a supplier site to a manufacturing facility, and then doing a running calculation on how the average lead time is changing, is trivial math. But very few vendors are taking those alerts and automatically feeding them into their manufacturing planning solutions.
Every day, retailers and manufacturers are challenged to balance ambitious customer service promises with profit margin protection. Supplychain technology investments were once delegated to a specific function such as procurement or logistics. 5] “Connected and Autonomous SupplyChain Ecosystems 2025,” PWC Global.
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. In today’s age of great volatility, agility has become the new competitive differentiator. Available at [link]. [2]
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. These companies did not realize that profitable agility relies on a bag of capabilities, not simply “visibility.”
Each year, when we complete our annual talent survey, we note greater and greater dissatisfaction within the role of supplychain planners. In Figure 1, note the lowest satisfaction is Generation X (birth years of 1965-1980) in manufacturing organizations. Characteristics of High-Performing SupplyChains.
Enterprise Resource Planning (ERP) is becoming the financial system of record, but not the supplychain system of record. Then they turned to Solvoyo and used machine learning to deliver supplychain visibility in a heterogeneous environment within two months. Digital Manufacturing.
That stated, in certain regions such as across Europe and China , the year continues to present economic and manufacturing challenges. Global wide manufacturing activity levels as measured by the J.P. Morgan Manufacturing PMI® contracted once again at the end of Q3. supplychain activity.
Applying Blockchain in Logistics & SupplyChain Management Lacks Results, At Least Today The primary barrier to applying blockchain in logistics and supplychain management involves the lackluster number of supplychains currently using the technology. GET YOUR FREE WHITE PAPER.
GROW is not as functionally rich as RISE and is mainly purchased by small and medium-sized businesses. The same advice that prevails for their ERP – keep the core clean – is good advice for Cloud-based supplychain implementations. Stellium is one of SAP’s Gold status and preferred partners for supplychainexecution.
Supplychainexecution convergence is a topic that has been gaining in popularity. It’s time for organizations to take a step back and evaluate their overall supplychain approach and to consider how supplychainexecution convergence can bring their supplychain to the next level.
Oracle has announced new role-based agents that are being embedded into the Oracle Fusion Cloud SCM and Manufacturing software applications suite. Margin and risk resilience Procurement policy advisor : Helps procurement professionals increase the speed and accuracy of creating, processing, and fulfilling purchase requisitions.
Natural disasters like the Japan earthquake, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supplychainexecutives face every day. The same is true for CEOs.
Customer centricity, e-commerce, Direct-to-Consumer (D2C), and the risk of financial peril are propelling shippers (manufacturers and retailers) and logistics service providers (LSPs) to digitally transform. What are the biggest supplychainexecution/logistics challenges facing shippers and LSPs?
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