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Digital Transformation of Supply Chain Planning at SKF

ToolsGroup

Jörg Schlager describing SKF's Integrated Planning (Source: Optilon). At last week’s TG18 ToolsGroup user event , global bearing manufacturer SKF laid out an impressive review of their transformation to “ Integrated Planning ”. The company is moving from location-based planning to a global planning model, including a complete revamp of its supply chain planning operations to processes organized by product and factory. Figure 1 Source: SKF.

Five Things I Have Learned About Global Supply Chain Planning

Supply Chain Shaman

Regional supply chain companies are attempting to define global requirements. They are well versed in requirements for regional supply chain planning, but they are attempting to redefine their processes and be more global. Initially companies believe regional planning systems easily adapt to become global, but they quickly learn otherwise and hit roadblocks. Success in Supply Chain Planning Is a Flip of a Coin. 4) Plan By Design.

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Using Digital Supply Chain Planning to Respond to Market-Changing Disruptions like COVID-19

ToolsGroup

With supply chain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. As COVID-19 continues its malevolent spread around the world, concerns grow regarding the continued impact on supply chains and business continuity. Commonly companies will use a “firefighting” response in times of supply chain disruption in order to meet service levels.

Step Three: Stage Five Supply Chain Planning System of Record (SCP SOR)

Kinaxis

It is just like your supply chain. So how do you manage an integrated supply chain when you don’t know the sequence of events from day-to-day and any decision you make can impact your next action and also others in the organization? I remember starting in supply chain many years ago in procurement, negotiating pricing and managing suppliers. The concept of demand understanding how they have impacted supply or vice versa is unheard of.

Supply Chain Planning is Essential for Ending Up in the Right Place

Enterra Insights

” Both these sentiments underscore the importance of planning. This is no less true for supply chain operations than it is in any other of life’s activities. Historically, planning draws heavily on past patterns of behavior. ”[1] Bolstering his argument, he cites a conference presentation given by Francesca Gamboni, a Senior Vice President for supply chain at Groupe PSA. ” Cognitive technologies and supply chain planning.

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

ToolsGroup

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. Drivers of supply chain planning digitization vary significantly by company, with 42% identifying increased operational efficiencies (e.g. PRESS RELEASE.

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6 Key Supply Chain Planning Strategies to Prepare for the New Normal

BlueYonder

Regardless of the business model or industry, supply chain planners must evaluate alternatives, calculate costs, and develop a plan of action before the window of opportunity closes. Developing an action plan based on what is learned from scenarios is critical.

How Do You Define a Mature Supply Chain Planning Organization? (Part 1)

Supply Chain Shaman

At that time, they planned on spreadsheets. Their goals were lofty, but their understanding of supply chain planning was hazy. In 2006, they made a decision to implement a supply chain planning solution. The cost was 60% more in than average; but even more unfortunate, they never got a good understanding of how to use the planning system. Table 1: Characteristics of a Mature Planning Organization. Tactical Supply. Procurement.

Using Satellite Imagery as a Data Source to Improve Supply Chain Management

Logistics Viewpoints

Satellite imagery data represents another data set that may have the potential to improve company’s supply chains. There are potential uses surrounding procurement, sustainability, and strategic planning. The post Using Satellite Imagery as a Data Source to Improve Supply Chain Management appeared first on Logistics Viewpoints. Supply Chain Planning Satellite imagery

Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

Today, supply chain excellence matters more than ever. During the pandemic, the supply chain discussions take new importance. While the supply chain technology market lost its allure at the start of the last decade, it is now cool again.

Supply Chain Predictions 2020: Uncertainty Demands Resilience

ToolsGroup

It’s been an interesting decade for supply chain: just when you think things can’t get any crazier, a new extreme weather event, political drama or tech start-up pops up, disrupting entire industries. Global supply chains are particularly vulnerable to the changes triggered by these events, including increased regulation, new tariffs and radical shifts in demand patterns. . Algorithmic supply chain planning will go mainstream.

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The Links between Product Lifecycle and Supply Chain Management

Logistics Viewpoints

I wrote a Logistics Viewpoints article in October that discussed how Diageo has transformed its supply chain from a cost savings function to an enabler of growth-driving innovation. This case discussed how supply chain was elevated to a strategic level due to its critical role in executing new product introductions. Procurement/Sourcing Production Supply Chain Planning

Supply Chain Priorities: Seven Things That Matter Most

ToolsGroup

A recent Gartner study, conducted annually, sheds some light on what matters most to top executives in supply chain technology. I attended the Supply Chain Technology User Wants and Needs Study delivered by Dwight Klappich at the Gartner Supply Chain Executive Conference two weeks ago in London, where he laid out Gartner’s latest findings about the things that matter most in supply chain performance. Supply Chain Planning

Modeling Supply Chains with “Digital Twins”

ToolsGroup

The growing momentum around systems-based thinking in supply chain planning has given rise to a new concept called the “digital twin”. It allows you to accurately test the resilience of a complex, multi-echelon, global supply chain. At the recent Gartner Supply Chain Executive Conference in Phoenix, analyst Marc Halpern clarified three key concepts about supply chain digital twins in his presentation “Busting the Myth of Digital Twins to Deliver Value.”

Saving Supply Chain Planners from Chaotic Spreadsheets

Solvoyo

Are you using spreadsheets as a supply chain planning tool to collect and manage your data and perform analysis? It turns out “insiders joke about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets” according to Requis. .

AI Solutions and Digital Supply Chains

Solvoyo

Imagine you can control your production lines with a mouse click or a touchscreen swipe to optimize your supply chain in real-time – along with the ability to enjoy a seamless, customized experience. . bias in every aspect of the supply chain .

Risk v Rewards - Making the Right Decisions in Global Supply Chain Planning

Logility

The last twenty years have seen amazing expansions in global supply chains. On the supply side, companies began looking for lower-cost sources from different geographies. Whether it was the US going to Asia or the EU going to Africa or the Eastern European countries to procure lower cost components, this concerted effort created a coordination challenge across a vastly extended supply network. How could the supply chain become demand-driven?

Risk v Rewards - Making the Right Decisions in Global Supply Chain Planning

Logility

The last twenty years have seen amazing expansions in global supply chains. On the supply side, companies began looking for lower-cost sources from different geographies. Whether it was the US going to Asia or the EU going to Africa or the Eastern European countries to procure lower cost components, this concerted effort created a coordination challenge across a vastly extended supply network. How could the supply chain become demand-driven?

Why Our Goal Should Not Be an Integrated Supply Chain

Supply Chain Shaman

This week I spoke at an SAS Global Analytics Summit on the connected supply chain. In my view, the connected supply chain is very, very different from the integrated supply chain. This was in the heyday of Enterprise Resource Planning (ERP) technologies. This model endorsed ERP as the system of record for the supply chain. The espoused vision tightly coupled planning systems to ERP. What Is a Connected Supply Chain?

It is about time that we leveraged supply chain analytics

Solvoyo

Are you using spreadsheets as a supply chain planning tool to collect and manage your data and perform analysis? It turns out “insiders joke about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets” according to Requis.

Recognizing Culture at the 2020 Atlanta Supply Chain Awards

Demand Solutions

But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? This past March, Tim Carroll, Product Availability Team Captain at AutomationDirect, was presented the 2020 World-Class Culture Award at the Atlanta Supply Chain Awards (ASCA). Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Agile Supply Chain VS Efficient Supply Chain

DynaSys

This is true for everyone, and supply chains are no exception. An agile supply chain requires the ability to rapidly identify, evaluate and execute alternative supply chains scenarios. Supply chain experts have traditionally focused on efficiency and consequently pursued the lowest unit cost dream. Agile supply chains exist almost as the antithesis of efficient supply chains. FROM EFFICIENCY TO AGILITY.

Supply Chain Innovation: How to Build an Award-Winning Supply Chain

ToolsGroup

Source: Supply Chain Digest. What does it take to create an award-winning supply chain? Last month, Lennox Residential was runner-up in the 2015 Council of Supply Chain Management Professionals (CSCMP) Supply Chain Innovation competition, arguably the top supply chain award in North America. And last year Costa Express won the “Technology” category award at the European Supply Chain Excellence Awards , also a top honor.

Big data and supply chain optimization: Illusion vs. reality

DELMIA Quintiq

In the last three to five years, something has changed in conversations about supply chains and logistics. Assuming that big data was superior to “just any data” came from evidence in the B2C market, but this did not stop bold predictions about how it could also transform supply chain operation. And so, the floodgates were thrown wide open and every supply chain software company started pitching itself as a “big data” supply chain software company.

Efficient Financing Options Help Enhance Factory Standards in Emerging Markets

Logistics Viewpoints

The financial supply chain needs more attention than it usually gets. Traditionally, the focus of supply chain management is on the movement of finished goods and raw materials across the value chain. The post Efficient Financing Options Help Enhance Factory Standards in Emerging Markets appeared first on Logistics Viewpoints: A Blog for Logistics, Supply Chain, and 3PL Executives.

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What Value Are You Getting From Planning?

Supply Chain Shaman

In the 1990s supply chain planning was over-hyped. The growth of the supply chain planning technology market disappointed investors resulting in consolidation and the decline of best-of-breed solutions. In parallel, Enterprise Resource Planning(ERP) providers introduced a new hype cycle. Termed ERP II by Gartner, the concept of integrated planning with tightly coupled ERP to Advanced Planning Systems (APS) could drive higher value.

Straight Talk With Supply Chain Insights

Supply Chain Insights

In the past year we’ve published 32 reports; but this past February, we heard from a Supply Chain Leader that loved our reports and said , “It would be great to hear the research in a podcast format to enable quick sound bytes for my morning runs.” We love this type of feedback. So, as you are traveling this summer, listen to Straight Talk With Supply Chain Insights. This morning, I interviewed Daniel Weber, SVP of Supply Chain at Beiersdorf .

6 WAYS TO MITIGATE COVID-19’S IMPACT ON YOUR SUPPLY CHAIN

Bristlecone

During the financial crisis, supply chains that drive the modern economy were strong, but industries lacked demand. Supply chains have been hit hard, though demand remains strong in certain markets. Over the years, globalization has led to increased supply chain interdependency, and in many ways, this has benefitted businesses and local economies. Here are six key strategies aimed at mitigating COVID-19’s impact on supply chains.

What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

Yesterday, I finished a post on supply chain planning maturity. A client had asked me, “How do I know if we have a mature supply chain planning organization?” ” As we talked, and I drew the table, the first question was followed by, “How do I help my executive team understand the importance of planning and their role in the process?” ” Planning leadership is a problem for most organizations.

Integrated Planning: Is It Rubbish? Be Careful What You Ask For….

Supply Chain Shaman

It was a long week talking to clients about integrated planning. Most of the Integrated Supply Chain Planning Projects Generate Rubbish. At each location, the team wrung their hands as they told me their stories of “ Integrated Supply Chain Planning.” Good planning requires a clear focus on inputs, data model fit to the business requirements, and outcomes. What is integrated planning? A common plan not one number.

Collaboration and Visibility in the Supply Chain

Oracle SCM

One of the Supply Chain Management trends apparent at the Gartner Supply Chain Executive Conference in May was highlighted by several vendor/customer presentations focused on the value of Collaboration and Visibility projects. In a previous role, I was involved very early in what we deemed a ‘Supply Chain Performance Management’ software startup. safety stock or other planned parameters). Tom McDonough , Sr. Director Product Marketing.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. My first focus was on China sourcing. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working.

What Is Planning?

Supply Chain Shaman

I find as I attend conferences that the word “planning” is bantered about, but few technologists dive into the details. It drives a supply chain planning gal like me crazy. Here I share some insights on planning. The traditional world of supply chain planning managed inputs into a data model to drive outputs. Traditionally, great supply chain planning was not about implementation. Planning Basics.

Supply Chain Master Planning

o9 Solutions

Move from Slow, Silo-ed Processes to Real Time, Optimal Matching of Demand and Supply. Top Reasons Organizations are Upgrading their Supply Chain Planning capabilities. Ability to answer real demand and supply change what-ifs. Increase productivity, automation and speed in the supply chain planning process. Move from unit centric to financially smart supply chain planning. Automated planning master data management.

Supply Chain Analytics

o9 Solutions

Analytics Driven Control Tower to Align Supply Chain Policies to Business Strategies and Market Needs. Top Reasons Organizations are Upgrading their Supply Chain Analytics Capabilities. Ability to answer real demand and supply change what-ifs. Increase productivity, automation and speed in the supply chain planning process. Move from unit centric to financially smart supply chain planning. Supply Chain Master Planning.