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I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. You are right.
According to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supplychain executives are losing the strategic gains they made with their C-suite counterparts. 28% of supplychain leaders cite cost reduction as one of the top three priorities currently.
The new year has arrived and so has the new wave of noteworthy news coming out of the supplychain space. A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supplychain. As the year marches on, you can count on weekly updates here!
The survey was one of many, and I found the project relatively nondescript, bordering on boring. One of my lessons learned in completing survey-based research over the past twelve years, is that projects are full of surprises. In the survey, companies had over one hundred active continuous improvement programs.
Let me explain, if you fill out one of my surveys on LinkedIn, I share the research results in front of the paywall (I believe that supplychain research should be readily available and not locked behind a paywall.) (If Most see their supplychain as fixed and insular. I give thanks.
As supplychains become more impacted by market disruptions and unpredictable events, they’re also becoming more critical to a company’s customer experience levels and bottom line. Why Monitor Transportation Metrics. Why Monitor Transportation Metrics. Actionable data is one of the most critical business drivers.
With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance. AI is playing an increasingly pragmatic role in optimizing supplychain operations.
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
The formula for OTIF is: Measuring a supplychain against OTIF metrics is a key strategy that helps decision makers attach a tangible value to the success of their fulfillment and allows them to determine key strategies. Timely information is critical, as data older than a few days can lead to costly supplychain disruptions.
Today, I am proud to launch the SupplyChain 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 SupplyChain Index on our webinar or listen to the replay. (We The SupplyChain Index has been two years in the making.
There are numerous indications that supplychain is more critical than ever. Results from The Conference Board’s C-SUITE OUTLOOK survey showed supplychain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs.
In a survey of 150 global manufacturing executives, 47% committed to improving supplychain visibility and tracking. According to the Global SupplyChain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. What is supplychain visibility?
Oracle’s recent global survey, No Planet B: How Can Businesses and Technology Help Save the World? These include: Challenges getting ESG metrics from suppliers, partners, and other third parties. Time-consuming manual processes to report on ESG metrics. Complexities integrating data from across global supplychains.
Acronyms abound when it comes to supplychain. ESG reports can help investors make informed business decisions by identifying companies with less financial risk and avoiding those that may be impacted by stricter ESG metrics. Over the last few years, another acronym has been showing up on the radar: ESG.
I now have a working manuscript for the entire book of Metrics That Matter. I jeopardized the release date of the book by taking an extra three months to finish the SupplyChain Index work. He is trying to figure out the answer to these questions: What defines supplychain excellence? Who has done it best?
Michael Jacobs, Senior Vice President SupplyChain, Ferguson. Mr. Jacobs is the senior vice president for supplychain at Ferguson. While nominally a distributor, “supplychain management is our core competency. In particular, Ferguson’s supplychain is built for speed and to provide high service levels.
When reviewing strategy decks for supplychain teams, I often see statements like “move from a functional-silo’d focus to a drive a more holistic response.” Companies became less clear on the definition of supplychain excellence and how to implement decision support technologies. Functional Metrics.
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supplychain leaders to reconsider supplychain inventory practices. planning offers an alternative to swinging the pendulum and as the strategy that provides the supplychain resilience leaders seek.
Supplychain excellence. The answer makes or breaks a supplychain leader’s career and defines corporate value. If the arrow is red, the industry is moving backwards on a metric. Is this because this value chain is a laggard? It is easier to say than define. Getting it clear is important.
Supplychain leaders are competitive and they want to measure their success. In many businesses, assets are a core part of the supplychain. The more work that I do on trying to understand corporate balance sheet information and the connection to supplychain excellence, the more I realize how unqualified I was to vote.
by Melissa Clow “Chief SupplyChain Officers (CSCO) know that there is no such thing as a perfect plan and disruptions will always occur.”. This is the reality that every member of a supplychain team lives with every day. So how does Aberdeen define Best-in-Class?
The most common one is a scorecard for supplychain. The studies for the VMI and the Retail Scorecard surveys are still open. It is our plan to correlate maturity in consumer relationships to the SupplyChain Index over the summer. We are also finishing up the project on supplychain planning maturity.
Even if you’re not you should check out SupplyChain Insights, SupplyChainMetrics That Matter. For the past several years, SupplyChain Insights has been delivering this research series. As SupplyChain Insights mentions, this is having a significant impact on the company’s bottom line.
Supplychain management is a team sport. Just as there are many flavors of sports teams, there are many types of supplychains. The supplychain is also a team sport needing clear goals, rules, and coaches. Remember the need for goal clarity, rules, and clear metrics in my opening paragraph?
Megatrends Shaping SupplyChain Innovation. While the COVID-19 pandemic woke up supplychains around the world, the ripple effects continue to disrupt in both size and scope. How are supplychains planning for further disruption and uncertainty? Creating a more resilient supplychain.
Makers of weight loss drugs are looking out a big picture window of patented opportunity right now, but this rosy view is blocked by supplychain challenges. What role can supplychain play in preventing stockouts? So how can supplychain orchestration help?
This week, I will speak at Llamasoft’s conference on improving supplychain network design. One of the reports that I am writing is on the state of SupplyChain Planning (SCP). In the recent study of the Voice of the SupplyChain Leader , we find that the gaps are large, and growing.
Supplychain management books that are praised by supplychain executives, consultants and supplychain management professionals at all levels. Background In dynamic supplychain management environment, people have to make the quick and decisive actions against various issues.
At SupplyChain Insights, we have been actively working in our own mine sweeping project. We loaded 493 financial metrics from balance sheets and income statements for each company into the data lake for the period of 2004-2016 using YCharts data. Does SupplyChain Planning Drive Value?
In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supplychain data can have a big impact on their bottom line. Some supplychain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors. Hanesbrand Inc. ,
We asked the IT, finance and supplychain teams to self-assess their views of organizational alignment. The supplychain view is listed in figure 1. For the supplychain team, the largest area of misalignment is between the supplychain and the sales group. Supplychains are not agile enough.
Supplychain reports offer a comprehensive view of your entire supplychain operation. What are SupplyChain Reports? Supplier Performance Evaluating supplier performance based on key metrics such as on-time delivery, quality of goods received, adherence to agreed-upon terms, and responsiveness to inquiries.
This was WBR’s first event in the United States targeted for the Medical Device SupplyChain Leader. Today, managing a medical device supplychain is tougher. This is why I think that the industry needs to get serious about supplychain management. This value chain needs a supplychain leader.
Breaking Boundaries: Exploring Generative AI’s Impact on SupplyChainsSupplychains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution.
More and more businesses are hopping on the outsourcing bus and letting the experts take the wheel to drive supplychain planning processes. Several years ago ToolsGroup pioneered business process outsourcing (BPO) as an alternative to in-house supplychain planning (SCP). Those companies also reduced planning spend.
I am a supplychain gal. I work with many organizations on their supplychain strategies. Let me give you an example: Last week, I gave a presentation at a global supplychain team meeting of 175 professionals. “I study supplychains. Misnomer (n): A wrong name. I am passionate about it.
I have worked for Gartner Group, AMR Research, Altimeter Group and now my own company, SupplyChain Insights. I have now been an industry analyst in the supplychain management space for ten years. This month, I am proud that the SupplyChain Insights team will announce the SupplyChain Index.
Today, we kick off our annual year end series highlighting the top blog posts in each of our 7 main categories: Manufacturing , SupplyChain , Logistics , 3PL , Business , Transportation , Freight. Finally, the top 10 list was rounded out safety and metrics. Read Full Post. Read Full Post. Read Full Post.
Last month I participated in Oracle’s Perfect Delivery Virtual Summit , along with Matt Leonard from SupplyChain Dive, Marcelo de Matheus from Tramontina, and Mohamed Absar from DP World. What is the Perfect Delivery Metric? As supplychain complexity increases, perfect deliveries become more difficult.
by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supplychain is at the heart of your customer satisfaction levels. trillion in cash according to a 2013 US Working Capital Survey. The changes you make as an inventory manager have a ripple effect on other supplychain functions.
Labor is an important input with 50-60% of employees of the company reporting through supplychain organizations. Supplychain processes are relatively new. Supplychain processes are relatively new. What defines supplychain excellence? Overall, 69% of supplychain professionals are satisfied.
Transportation metrics saw little change in May as capacity, utilization and pricing remained in expansion territory, according to a monthly survey of supplychain professionals. In addition to higher transportation prices, increased costs across the supplychain drove the increase in the overall index.
GEP and the North Carolina State University (NCSU) SupplyChain Resource Cooperative surveyedsupplychain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supplychain resilience and optimization.
“We live in a world where supplychains, not companies, compete for market dominance. But companies often have diverging incentives and interests from their supplychain partners, so when they independently strive to optimize their individual objectives, the expected result can be compromised. ”. What Is Value?
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