Top 5 Trends to Know to Compete with Amazon’s Supply Chain

Cerasis

Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. Today, procurement drives up to 67 percent of sales, explains Johnathan Webb of Forbes magazine, as procurement professionals look for innovative ways to produce effective, superior products. Procurement strategy was not always evident.

Trends 208

Top 10 Manufacturing Trends For 2019

IQMS

Manufacturers who excel at orchestrating analytics, Business Intelligence (BI), quality management and real-time monitoring to improve manufacturing strategies are growing 10% faster than their peers.

Trends 106

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Off to another exciting year of student-industry engagement at NC State on cutting-edge supply chain projects

NC State SCRC

In a prior post on 2018 supply chain predictions, I shared how NC State’s Poole College of Management engages directly with industry through student-led projects. I also predicted how this type of engagement would continue to grow in the future, as organizations begin to recognize the value of having an objective, third party view on their problems can create innovative solutions. MUFG Union Bank Strategic Performance Metrics. Yum Brands Beef Analytics.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

The goal is deeper analytics to sense and respond across make, source and deliver. The Ariba infrastructure is so heavily entrenched in indirect procurement processes that it is hard to adapt to the solution to manage direct materials in the supply chain. 2) Advanced Analytics. Most of the analytics today in B2b networks are descriptive and operate with latency of days and hours. Let’s first examine the opportunity to deepenen analytics. .

Top 8 software every FMCG company should invest in

Abivin

Features: Manage customers, vendors, stocks and inventory replenishment through diverse selling channels, billing, invoicing and full order fulfillment.Start-to-end tracking: the software follows inventory from the initial order to the final delivery.Execute real time workflow and productivity metrics, access real-time inventory visibility. A procurement analytical software is totally needed for FMCG firms in order to run their supply chain smoothly at the lowest cost possible.

How Machine Learning Is Redefining Supply Chain Management

IQMS

The algorithms iteratively query data with many using constraint-based modeling to find the core set of factors with the greatest predictive accuracy. Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. One of the most challenging aspects of managing a supply chain is predicting the future demands for production.

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

I recently interviewed a large semiconductor company that developed a cross-enterprise initiative to drive analytical learning across its entire supply chain. There are systems directors in both the procurement and logistics/planning teams. An important governance mechanism that drives analytical process is the Supply Chain Director’s Council, whose mandate is to focus on the availability and ability of the supply chain to deliver parts and core finished goods to customers.

Top 25 Supply Chains of 2018

Material Handling and Logistics

The rankings are based on a composite score based on the opinions of Gartner’s analysts; a group of peer voters (mostly supply chain practitioners, professionals and experts; in the interests of full disclosure, I myself am part of the peer panel); some metrics, including return on assets, inventory growth and revenue growth; and a corporate social responsibility (CSR) component score. So the CSR score too is more of a popularity contest than a consistent metric.

50 expert tips on logistics planning and strategy

6 River Systems

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. Study the needs of your supply chain in order to make informed predictions. “Many manufacturers practice demand-driven logistics, meaning they are focused on their customers’ buying signals. The need to predict demand is fairly obvious.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

Furthermore, Big Data will transform how companies view operations through a combination of internal and external metrics, merging all processes from procurement logistics with last-mile delivery. Moreover, internal use of a TMS will shift as TMS-as-a-Service ( TMSaaS ) will encourage more companies to upload their processes into the cloud, further adding to the capacity and insights gained from Big Data and predictive analytics.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. Meanwhile, the debate around electronic logging devices (ELDs) did not die down as I had predicted — in fact, it continues today (December 18, 2017), which is when the Federal Motor Carrier Safety Administration will start enforcing the mandate. In short, I continue to be wrong — and sometimes right — with my supply chain predictions.