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.

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

Supply Chain View from the Field

Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.

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.

Training for the Next Triathlon. Insights for You?

Supply Chain Shaman

I see a lot of parallels in the training that I did for the triathlon, and the work that I am doing on financial ratios with Abby Mayer on my team at Supply Chain Insights. Abby and I are writing an e-book on Supply Chain Metrics that Matter. To write the book, we have been analyzing twenty years of supply chain financial ratios and looking at the trends. We call this the Supply Chain Index. I have never been an athlete.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

At Supply Chain Insights , as we combed through over 9000 quantitative responses on supply chain management from business leaders to understand what drives supply chain excellence in preparation for the Supply Chain Insights Global Summit , in the process, we proved Hau Lee’s theorem in the Famous Harvard Business Review Article, “Triple A Supply Chains.” First, great supply chains are agile.

Book Review - Supply Chain Transformation: Building and.

Supply Chain Opz

Book Review - Supply Chain Transformation: Building and Executing an Integrated Supply Chain Strategy. How should a company formulates sound supply chain strategy ? In the past, supply chain professionals make use of various tools and techniques from general business management such as Balanced Scorecard, Blue Ocean Strategy, SWOT Analysis and so on to do the job. Roadmap to Supply Chain Transformation.

Public Markets Reward Supply Chain Alignment

Supply Chain Shaman

Today, I am proud to launch the Supply Chain Index. It is my hope that the readers of this blog will take time to either join us today to listen to the launch of the Supply Chain Index on our webinar or listen to the replay. (We The Supply Chain Index has been two years in the making. As I sat at my kitchen table, I reviewed spreadsheet after spreadsheet of corporate performance data on supply chain financial ratios.

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.

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

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. 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. This is a key component of the sourcing initiative.

Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

This and much more, in your Monday supply chain briefing from Arkieva. Supply Chain News. Source: Commerce Dept. Source: SupplyChainDigest. Supply Chain Strategy. Is Integrated Supply Chain Planning Rubbish? Supply Chain Analyst, Lora Cecere, takes a look at what it to implement a fully integrated supply chain planning process. Source: Supply Chain Shaman. Source: EBN.

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. Note our earlier comment that the types of metrics being used to assess procurement at each stage are indeed a characteristic of how far along the organization is in its transformation!) This is because TSR is a function of many different environmental factors, that span many functional strategies outside of procurement. Source.

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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].

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.

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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. An Upcoming Free Supply Chain Webinar.

‘The Johnny Tightlips’ and Two Other Popular Approaches to Supplier Relations

Supply Chain Cowboy

Unless you have most of the power in a supply chain, it’s unlikely that your suppliers will sacrifice much for you. Because they’re higher up the chain, they bring valuable insights about what efforts they’ve seen previously work or not. Share your thoughts in a comment , and be sure to check out our recent podcast where we talk with the former VP of Operations at Skullcandy about vendor relationships and metrics.

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

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. Despite goals to improve agility and resiliency, functional metrics for manufacturing efficiency continually throw the supply chain out of balance. Efficient supply chains may not be the most effective. Supply Chain Characteristics.

Carter’s: A Story of Supply Chain Leadership

Supply Chain Shaman

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The design of the supply chain is fundamental to making this happen. In our interview of the Supply Chains to Admire Winners, we found a unique approach at Carter’s. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers.

Using Data to Improve Supply Chain Operations

Material Handling and Logistics

Learn how to organize your data operations in alignment with supply chain strategy. Forward-thinking supply chain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. Cloud-based supply chain management tools, the Internet of Things (IoT), artificial intelligence (AI) and machine learning are expected to figure prominently in future supply chain operations.

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Navigating The End-to-End Journey

Supply Chain Shaman

” While the last decade was all about marketing and commercial processes, with the digital pivot, the supply chain matters now more than ever. The need is a supply chain that is more proactive, agile and flexible. In surveys, we get three responses to every one response that describes their supply chains as traditional, and reactive. Supply chains respond. As a result, the supply chain is slow, and out-of-step with the market.

Tell Me Why

Supply Chain Shaman

Recently I had a comment on the Supply Chains to Admire post. Amazon’s because of their breath in physical and digital supply chain, innovation in material handling, transportation, etc and their vision completely disrupting the industry. Walmart excluded who has also revolutionized Supply Chain and is now the largest company in the world (double the revenue of #2), and the 11th most profitable company in the world.

2020 Requires Big Wings and Feet

Supply Chain Shaman

After the Supply Chain Insights Global Summit , I took the time to recharge and took a month off from writing. The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. The focus is on the role of supply chain finance in driving supply chain excellence. They are attempting to learn the supply chain; but to most, it is an enigma. The supply chain is a complex non-linear system.

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

New survey finds that most companies are still formulating and gaining support for a digital strategy, with fear of change and data challenges as leading roadblocks. . September 26, 2019) A new study by ToolsGroup, a global leader in supply chain planning software, and Spinnaker, a supply chain services company, has found that only 7% of companies are reaping the benefits of digital transformation of supply chain planning. PRESS RELEASE.

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Driving Organizational Alignment

Supply Chain Shaman

In supply chain strategy documents, terms like alignment, agility, responsiveness, and flexibility dot the page. In meetings, groups nod their heads that the strategy is correct. However, at a practical level, companies struggle with the implementation of strategy due to a lack of definition. The average supply chain organization is fifteen years old, and the practice of supply chain management is just thirty years old.

What Qualities Make the Best Supply Chain Leaders?

Kinaxis

by Kirsten Watson When considering what attributes supply chain leaders are most likely to possess, it’s easy to think first of hard skills—analytical prowess, technology expertise, and operations and economics knowledge quickly come to mind. So what attributes from both areas are today’s supply chain leaders most likely to possess? The findings were generated from multiple sources, including surveys of APICS members, articles, and external research.

BASF: A Story of a Supply Chain Leader

Supply Chain Shaman

Over the last two decades the company successfully leveraged global scale to define supply chain leadership. With 12,000 supply chain employees operating in 80 countries with 2400 storage facilities, supply chain excellence and innovation are the foundation of corporate performance. For this case study we interviewed Ralf Busche, Senior Vice President of Global Supply Chain Strategy and Performance. Supply Chains to Admire Finalists.

For Your Supply Chain KPIs to be Meaningful, Apply Some Golden Rules

Logistics Bureau

9 Golden Rules for Meaningful Supply Chain KPIs. In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs. Golden Rule #1: Meaningful KPIs Require a Meaningful Strategy.

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7 Best Supply Chain Books of All Time

Supply Chain Opz

In this article, we rank books based on their influence, popularity, recency and practicality and then we come up with the list of the best supply chain books. Finding Best Supply Chain Books We've found that most recommendations for on the web are based on just personal opinion. Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics.

Say Customer Service and Mean It

Supply Chain Shaman

In my work with clients, customers bandy about the term “customer-centric supply chain.” Many of my clients talk about a customer-centric supply chain but rely on useless metrics from an annual survey or a net promoter score.

Supply Chain Planning in Emerging Markets: Four Points to Remember

ToolsGroup

Supply chain planning in emerging markets is different. And while each market can be unique, we found a few repeating themes in our own experience and from sources including Gartner and our customers Procter and Gamble (P&G) and Cipla Medpro. Now supply chain professionals have another different set of challenges on how to get product to the entire country where consumer-oriented outlets (i.e. Blog Supply Chain Planning

Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. I asked the group to think of demand-driven concepts as the enabler of customer-centric strategies. Customer-Centric Supply Chain Processes. Inside-Out Supply Chain Processes.

Misnomer

Supply Chain Shaman

I am a supply chain gal. I work with many organizations on their supply chain strategies. Let me give you an example: Last week, I gave a presentation at a global supply chain team meeting of 175 professionals. The team was organized around the functional silos of source, make and deliver. “I study supply chains. The problem is that in today’s supply chain organization the rules are not well-defined.

Welcome Puff, The Magic Dragon, to Your Team

Supply Chain Shaman

Here, I postulate that the supply chain dragon is data. Supply chain leaders are drowning in data and low in insights. The focus is on growth, but supply chains are not fit for purpose. Their questions were could the supply chain help? The company sold on Amazon, operated its own website, managed outlet stores, and could purchase end-aisle displays in major retail chains. How many supply chains today are stuck?

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3 Components to a Complete Lean Transportation Management System

LeanCor

We start with customer demand and consider overall value when sourcing carriers, instead of transportation rates alone. Our transportation management strategy is part of our end to end supply chain strategy. In addition, they need to commit to create daily route designs, complete real-time track and trace, generate real-time metrics, and complete daily problem solving. We receive web-based ASN’s from our supply base.

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Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Green Supply Chain Management is integrating environment-friendly and innovative strategy while planning the supply chain process. In a standard supply chain process, it has been observed by the economists the rising concern on climate change and growing pressure on the firms to decrease the carbon footprint. Still, to the large extent, transport sector depends on non-renewable fuel sources along with the gases that emit carbon dioxide.