A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! The overarching strategy for limiting exposure to, and spreading of, the Coronavirus is that of Social Distancing. But even with social distancing, the global lockdowns, temporary closures of many businesses and disruptions of economies everywhere there are still Supply Chains in action, as disrupted as they may be.

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. 10 Vital Supply Chain Lessons from the Coronavirus Pandemic! The Coronavirus Pandemic has quickly and severely disrupted Supply Chains of every kind around the world. Additionally dramatically higher demand for household supplies (eg. What is Single Sourcing or Sole Sourcing? For clarity let’s define what these sourcing terms mean. A sole sourcing model provides a similar dilemma.

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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.

New Reality in Supply Chain Strategy – Where are the Weakest Links?

EC Sourcing Group

A crisis will shine a light on the weakest links in your supply chain. Wouldn’t we all like to have a supply chain built to withstand a ramming like the cruise ship RCGS Resolute? The current Corona virus pandemic will impact the supply chain of virtually every company. Single source suppliers. How many facilities do they supply or service? Has an unexpected interruption in service or supply occurred during the relationship?

Supply Chain Strategy Doesn’t Deliver

EFT

The past decade has seen a popular strategy among mid-sized to large logistics service providers. Many providers pursued a common strategy of expanding logistics capabilities across the supply chain spectrum. Providing end-to-end supply chain services was seen as the next frontier for growth. After more than a decade, the strategy has failed to deliver. Strategy Assumptions. Where the Strategy Fails. Executive Summary.

Time to Rethink Sourcing Rare Earth Elements

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Strategic National Stockpiles and Sourcing for the National Interest! With the onset of the COVID19 pandemic, and the resulting supply chain fallout , many have speculated on how the U.S. The Covid19 global pandemic has cruelly exposed the utter dependence of the US and the world on China’s mass manufacturing capability and supply of critical medical equipment and materials. Joe Carson, CEO, Spend Strategies, LLC.

Emerging Issues for Procurement in Oil and Gas

Supply Chain View from the Field

This past week, I hosted a meeting with a small group of oil and gas procurement executives in Houston to share thoughts on some of the major trends occurring in oil and gas, changes to the global oil and gas organization structure, as well as the impacts on procurement capability in the emerging ecosystem. Companies are trying to move towards a value-based strategy and less volume, and are selling down to get their cash values higher.

When is it Time to Invest in Procurement Technology?

Jaggaer

At what point in an organization’s journey is it time to make the shift from reactive purchasing by non-practitioners to hiring and developing seasoned specialists who are able to look at spend holistically and create strategies that help an organization transform towards value management?

Procurement Must Contribute to Competitiveness to Become Relevant!

NC State SCRC

Procurement is always thinking about cost savings, year over year. What if, for example, procurement has a budgeted amount for 4.5 cents, so procurement declares victory and says they saved their organization a lot of money: 3 cents per unit! Vel Dhinagaravel, CEO of Beroe , thinks this is the wrong way to measure procurement. However, the annual reports of these three companies has a write up where they talk about the massive savings delivered by procurement.

Sales Can Use RACI Charts to Understand Procurement… and vice versa!

NC State SCRC

Although RACI “charts” are often viewed as irrelevant and bureaucratic, they can provide an important clue regarding the “decision-rights” for procurement and contracting decisions. An important foundational issue for sales personnel to understand is the relative level of procurement maturity within the organization, and the extent to which the organization has developed a category management structure. Do they have a formal strategic sourcing program?

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

KPI 40

Re-thinking supply chain risk: Protection at any cost?

Supply Chain View from the Field

I have been having a number of fascinating interviews with Chief Procurement Officers this past week on the subject of procurement analytics and supply management risk. Supply chain risk management brings up a whole host of issues – and as one executive pointed out, is rather a sophisticated concept. A really interesting supply chain scenario at a large oil and gas company involved the procurement of large haul trucks.

Another Fall semester brings a new batch of 50 SCRC company projects…

Supply Chain View from the Field

We then match the project descriptions with our project-based courses and assign projects to the MBA SCM practicum, undergraduate SCM practicum, or MBA Supply Management. Besides the practicum courses, the MBA Supply Management course includes a field-based student project. Improvement of Source to Pay processes. - MRO and category management strategy development. Supply chain impacts on working capital.

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Structuring Relationships With Suppliers Who Are Also Customers

Supply Chain View from the Field

While the dreaded “reciprocity” issue must be avoided at all costs, the fact is that organizations can rarely build a “Chinese Wall” between sales and procurement and completely ignore this issue. As such, more and more companies (especially in financial services) are considering how suppliers can also contribute to front-office revenue, and whether they can become future customers when sourcing segmentation decisions are made.

The Origins of Category Management

Supply Chain View from the Field

But I was able to map out the value chain back to petrochemicals, and was able to estimate weights which were then pushed back onto part numbers. My boss Jack said we need to get contractual control over our supply chain, so we started to leverage out buys at the petrochemical level, and started writing contracts with the big petrochemical companies. They would bid and source only part at a time!

Biogen Idec designs the innovation supply chain

Supply Chain View from the Field

Joydeep Ganguly from Biogen Ide c spoke in my Supply Chain Relationships class last week, and shared his insights on how Biogen’s supply chain evolved. Supply chain has a big focus on the currency of today’s theories being implemented here. The Supply Chain Resource Cooperative at NCSU played a big role in helping to shape our supply chain. The supply chain is NOT nimble and people struggle.

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. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism. This is a key component of the sourcing initiative.

The business case for extending sustainability in the supply chain: The Burt’s Bees Story

Supply Chain View from the Field

Jenny Sebley, former supplier sustainability manager at Burt’s Bees, spoke in my sustainable supply chain class today. Sustainable supply chains was a key issue at Burt’s Bees, and continues to play an important role. The first focus was on reducing waste and leaning the supply chain. The brand was also key – Burt’s Bees needed to ensure it was sourcing raw materials using sustainability materials and labor rights.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics. Here is what I expect to see next year: Global supply chain footprints will continue to expand.

Only 1 Week Until the Supply Chain Analytics Conference at NC State!

Supply Chain View from the Field

Inspired by the plethora of new technologies for collecting, analyzing, and presenting data, everyone is scrambling to find a way to not only monetize analytics, but figure out how to apply it to supply chain management. Today across many industrial sectors the proportion of value that stems from the supply chain is almost 80% and in many companies the outsourcing ratio can be greater than 90%.

Supplier Diversity at P&G: A Core Part of the Business Strategy

Supply Chain View from the Field

He shared with me his insights on sourcing from a diverse supply base, and how this has become truly engrained into P&G’s corporate culture. ” He was then asked to make a bi-annual visit to Sealaska by none other than Rick Hughes, the Chief Procurement Officer at the time – and in no uncertain terms was told how important this visit was going to be. In a world of supply base consolidation, this is the one number that continues to go up!

Look to Your Suppliers to Drive Innovation

Supply Chain View from the Field

As R&D budgets become more constrained or have limited opportunities for smaller projects, executives recognize that many of the opportunities for innovation lie in the intellectual property, technical knowhow, and entrepreneurial spirit that lies in the extended supply base. As one executive mentioned, “We can’t afford to try to maintain or sustain duplicate capabilities in the supply base as well as within the organization.”

Arkieva Supply Chain Scope: As Ecommerce Businesses Boom, Distribution Center Availability Becomes Scarce

Arkieva

This and more, in your Monday supply chain briefing from Arkieva. . Supply Chain News. This is compared to 150 million square feet of new supply, making the market the tightest it’s been in years. While the gap is narrowing, demand is still outpacing supply by a lot – it’s out of whack,” said David Egan, head of industrial research, Americas at CBRE. Source: Multichannel Merchant. Source: Supply Chain Digest.

Bangladesh Working Conditions: A Human Rights Issue? Or a Supplier Capacity Issue?

Supply Chain View from the Field

A recent discussion with supply chain executives in the apparel industry reveal that the problem is a tricky one to solve – and may be a function of other decisions being made by apparel manufacturers that have nothing to do with labor human rights in the supply chain. This is not only an industry standard, but is now considered an essential element of low cost country sourcing, thanks to the pressure on retailers. Do YOU know who is in YOUR supply chain?

Körber strengthens strategic and operational procurement with Ivalua and OptiBuy

ivalua

Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. Redwood City/Warsaw/ Hamburg – March 17th, 2020 | Ivalua, a leading global provider of procurement management solutions, and OptiBuy, Ivalua’s long-standing implementation partner, announced their selection by Körber to enable a digital procurement transformation. Körber’s purchasing and supply chain management organisation is responsible for all procurement processes.

The American Red Cross: A New SCRC Partner Company Engages the Influence Model!

Supply Chain View from the Field

I had the opportunity to visit with the American Red Cross in Charlotte, NC yesterday, and held a negotiation workshop with the supply chain directors and managers. This was at the request of my good friend, Tom Nash, who I have known since 2000, when he was an IT Sourcing executive at Shell Oil in Houston. At every place, he has landed, he has been a strong supporter of the Supply Chain Resource Cooperative , and his engagement at the ARC was no different.

6 Key Supply Chain and Logistics Trends to Watch in 2017

Logistics Bureau

Call it a cop-out if you like, but seriously, predicting which logistics and supply chain trends will make a difference to businesses in any given year has become notoriously difficult, given the speed at which technology in particular can suddenly disrupt the way things are done. The 6 Supply Chain Trends You Can’t Afford to Ignore. Key Logistics Trend #1: Warehouse Robotics in the Supply Chain.

The Global PSCM 2015

Supply Chain Movement

The Global Procurement & Supply Chain Conference is a 2 days event being curated by the industry’s leading procurement & supply chain executives and features high-level discussion on your most pressing challenges including: Achieving excellence in internal collaboration and integration. Macroeconomic changes and their likely impact on your supply chain. Supply chain strategy and procurement excellence.

Learning to Work with Machines That Learn What the Experts Know

NC State SCRC

It is no secret that future generations of managers are being asked to learn all about the different processes in the end-to-end supply chain, and be able to come together with others in a fast action plan when a disruption strikes. Over time, as the system learns, it can be used to better train young professionals based on the expert work of more experienced supply chain professionals.

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.

3 Things you Need to Know about Your Supply Chain (Plus an Extra One)

Logistics Bureau

When I first published this post, it was called “3 Things You Need to Know about Your Supply Chain.” ” However, I recently realised that I was omitting a fourth key factor that can contribute to supply chain glitches and gremlins. For those CEOs and other execs who don’t know much about supply Chain or logistics management, I’d like to highlight the four key areas to really keep an eye on. Supply Chain Impact on Shareholder Value.

Do You Understand Your Chief MRO Inventory Challenges?

Logistics Bureau

If your company is in the business of maintenance, repair, and operations, you should already be aware of the strengthening trend in service as a source of value , both in business-to-business and business-to-consumer marketplaces. Your best chances of improving accuracy lie in a breakdown of your inventory into segments, followed by the development of category-specific inventory strategies and investment in advanced demand forecasting technology.

Transparency is the new Sustainability

NC State SCRC

The focus on corporate sustainability often calls for companies to increase transparency in all aspects of an organization’s operations, and much more so in the supply chain. Apparel and electronics companies that source all of their products from factories in emerging countries are especially targeted for allegedly hiring contractors that push the boundaries of human rights labor laws. We have to be transparent to be clear about what is going on in our supply chains.

The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

Allow expectations to guide your strategy — i.e. if you are expecting a large rate increase by going to market, you may consider working with your carriers to extend pricing or negotiate modest increases. Work closely with the broader supply chain team to understand which initiatives could have an impact on transportation. Align with Your Carrier Strategy. When we are managing a procurement event for a customer, the project will kick-off with a discovery call.

Supply Chain Management:Adding intelligence in the Forecasting.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. TradeEdge – Demand Chain Management. Supply Chain Management. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. Discuss the latest trends and solutions across the supply chain management landscape. About Us.