How Disruptions like Coronavirus Test The Resilience Of Supply Chain Planning

AIMMS

The virus continues to compromise supply chains and disrupt companies at a troubling rate, but a re businesses prepared from a supply chain planning perspective? . The era of globalization has enabled supply chains to be broader and more connected. As a result , the resilienc e of supply chain plan ning is being called into question. The resilienc e of supply chain plan ning is being called into question.

Which supply chain planning processes should we automate?

ToolsGroup

Now that more companies are embracing supply chain planning productivity and automation, many firms are asking which processes they should automate. Gartner says that the attitude towards supply chain planning productivity and automation has changed dramatically. These are areas, they say, that can be run quite autonomously , sometimes known as “low touch planning” or “ algorithmic planning.”. Conscious supply chain planning at the top.

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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. Inventory planning was local.

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.

Supply Chain Planning with Microsoft Dynamics AX

ToolsGroup

But growth poses supply chain planning (SCP) challenges. This invariably leads to manual interventions and firefighting, as you struggle to manage demand volatility and improve forecast accuracy while dealing with the limitations of a basic supply chain system. For more on this topic, see When SMBs Hit the Inventory Planning Complexity Wall ). Click below for a list top 10 of symptoms that you outgrowing your supply chain planning software.

What’s Wrong with Aftermarket Parts Supply Chain Planning?

ToolsGroup

What’s wrong with aftermarket supply chain planning really has nothing to do with planning, but with management expectations. New technologies have enabled far better approaches to planning aftermarket and service parts and far better results. Let’s start with one striking example of a company that is “knocking it out of the park” with their aftermarket parts supply chain planning – Lennox Residential Systems.

Supply Chain Planning in the Digital Age

Enterra Insights

In 2017, Gartner introduced a Supply Chain Planning Maturity Model with five planning stages. In the lowest stage (Stage 1), supply chain planning is inside-out, fragmented, local, unconstrained, and focused on revenue. In Stage 2, supply chain planning remains inside-out but achieves functional scale, local optimization, and focuses on reducing costs. Stage 3 straddles the line between inside-out and outside-in planning.

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

It’s taking a profound humanitarian and economic toll , impacting supply cha ins in many ways. Our team put several resources together to help supply chain organizations navigate through this crisis safely. . The next 2-4 weeks are critical to understand the exposure throughout your value chain, take actions to address anticipated shortages , and ensure resource requirements to restart. Study 4: Create Multiple Plans for Resource Utilization .

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.

Study 131

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

There’s still a strong demand for supply chain planning solutions, particularly ones with machine learning capabilities that can help clients rapidly adapt to the changing supplier situations and consumer demand that goes along with major disruptions like this. .

The Challenge of “Click and Collect” Supply Chain Planning

ToolsGroup

Think of a vending machine-type setup in the airport that sells travel supplies like headphones and travel pillows. The idea of the locker is the latest addition to the growing menu of e-commerce delivery options,” says Kent Savage, CEO at Apex Supply Chain Technologies. “It Supply chain planning can address this added complexity.

Robots in the Building: The Positive Influence of AI for Supply Chain Planners

ToolsGroup

Have you looked at a job listing for a supply chain planner recently? According to Harvard Business Review , “B y collaborating in roles such as supply chain planning and inventory management, the combined power of humans and machines will create new sources of value for businesses.”. Supply Chain Planning: An Ideal Match for AI. One particular flavor of AI, machine learning, has the potential to dramatically improve planning outcomes.

Supply Chain Planning- The Manufacturer’s Guide for Accurate Planning and Forecasting

ThroughPut

What is supply chain planning? A detailed supply chain planning mechanism can help manufacturers with critical elements for operational success including material management, waste elimination, and working capital optimization. Supply chain planning is the process of accurately planning the journey of a material or a product right from the raw material stage to the final consumer. The process involved in supply chain planning.

Supply Chain Planning- The Manufacturer’s Guide for Accurate Planning and Forecasting

ThroughPut

What is supply chain planning? A detailed supply chain planning mechanism can help manufacturers with critical elements for operational success including material management, waste elimination, and working capital optimization. Supply chain planning is the process of accurately planning the journey of a material or a product right from the raw material stage to the final consumer. The process involved in supply chain planning.

How to develop a competitive advantage through supply chain planning

6 River Systems

According to the market research firm, Gartner , “Supply chain planning (SCP) is the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand.” Efficient supply chain planning achieves three goals: lowering production costs, increasing sales and bolstering supplier relationships. In a warehouse, for example, labor costs may be on the rise.

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? When working with spreadsheets, planners usually focus on their part of the supply chain. How to transform into next-generation supply chain planning?

Integrated Supply Chain Planning – The Number 1 Opportunity

Enchange Supply Chain Consultancy

Enchange has been working with many FMCG and Pharmaceuticals multinationals for years on projects to improve their primary supply chains. For the sake of clarity, by “primary supply chain” we mean all processes (e.g. planning, sourcing, manufacturing, etc.) up to the point that finished goods are in the producers’ warehouse before the stock is sold to customers. Some people also refer to the latter as the secondary supply chain.

Integrated Supply Chain Planning – 4 Opportunities and 2 Quick Wins

Enchange Supply Chain Consultancy

In my previous blog on the subject ( Integrated Supply Chain Planning – The Number 1 Opportunity ), I outlined how producers (manufacturers) can achieve very significant improvements in the financial performance of their supply chains by a process of integration between the primary and secondary supply chains. the producer undertakes its own distribution), the long term solution is to establish internal direct data interfaces with key warehouses.

McDonald’s Mesoamérica Supply Chain Response to COVID-19

ToolsGroup

Businesses around the world are learning to adapt as best they can to the COVID-19 supply chain impact. Unpredictable consumer behavior in response to macro events creates demand volatility in every link of global supply chains. The number-one defense against this radical uncertainty is a resilient supply chain that’s ready for anything. I would have to say that the main complexity in our chain is the length of it.

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? When working with spreadsheets, planners usually focus on their part of the supply chain. How to transform into next-generation supply chain planning?

3 Steps for Making Digital Transformation Happen in Supply Chain Planning

Solvoyo

In the Supply Chain Planning context, these include decisions about which products to keep in stock, where to keep them, when to replenish them, how to improve service levels for customers, how to liquidate excess stock in the most profitable way, how to respond to changes in customer demand in the most agile way, and etc. Bringing Agility into Supply Chain Management. This goes for Supply Chain Management and the surrounding IT infrastructure as well.

Resilient Supply Chains: Are We Poised for the Next Era in Planning?

ToolsGroup

Supply chain planning concepts have been around for nearly half a century, but now many converging factors and technologies are ushering in a new era for this mature supply chain solution. We believe Gartner’s report, “Mastering Uncertainty: The Rise of Resilient Supply Chain Planning”1 takes a challenging stance by imploring supply chain leaders to adapt their planning strategies to better navigate today’s unpredictable markets.

Robots in the Building: The Positive Influence of AI for Supply Chain Planners

ToolsGroup

Have you looked at a job listing for a supply chain planner recently? According to Harvard Business Review , “B y collaborating in roles such as supply chain planning and inventory management, the combined power of humans and machines will create new sources of value for businesses.”. Supply Chain Planning: An Ideal Match for AI. One particular flavor of AI, machine learning, has the potential to dramatically improve planning outcomes.

Supply Chain Innovation: The Latest Gartner Supply Chain Predictions

ToolsGroup

Gartner analysts presented their latest supply chain findings throughout the two-day Gartner Supply Chain Executive Conference last month in London. They see the highest spending priorities in e-commerce software, supply chain optimization and cost analytics. Cognitive learning and analytics – Burkett predicted that cognitive or machine learning will have a big impact on supply chains. Supply chain/network redesign.

Supply chain hangover: how to avoid software deployment mishaps

Kinaxis

Ontario residents, brewers and unions complained on social media after a June update to the Liquor Control Board of Ontario’s (LCBO) warehouse management software left alcohol in warehouses instead of on store shelves. Here are three lessons to keep in mind before updating your supply chain planning software: Lesson one: Don’t make major changes to your supply chain software during your peak season.

Scenario Modeling Is Now Crucial for Supply Chain Network Design

AIMMS

The COVID-19 pandemic has exposed many risks and uncertainties in supply chain networks. Materials shortages , demand fluctuations and plan t closures have led many organizations to revisit their supplier relationships, as well as distribution and production locations. Current Technologies in Use for Supply Chain Network Design . Network design is only one of the many pieces of the supply chain planning puzzle.

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.”

Supply Chain Planning for the Busy Holiday Season

AFFLINK

Many businesses make the majority of their sales during the holiday season, which is a perfect time to get ahead of managing their supply chains. A sharp spike in any supply chain can lead to disruption, and if a business hasn't planned ahead, they could suffer a potential loss in sales, as the economy as a whole will be churning much faster. The Major Challenges to Holiday Supply Chain Management. Improve Your Supply Chain Visibility.

Is it time to say goodbye to RFIs?

AIMMS

Supply chain software is changing. As someone who has worked in supply chain for over 20 years, I’m very familiar with Requests For Information (RFIs) and Requests for Proposals (RFPs). RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. Plan and optimize our inventory .

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. They tend to have many pretty PowerPoint slide decks–full of acronyms, pretty pictures and E2E commitments–but they lack a common definition of supply chain excellence. To complete a supply chain diagnostic, I take these four steps: Step One. Supply chains are not the same.

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.

Does Your Warehouse Need Voice?

Supply Chain Shaman

A warehouse is not a warehouse and a supply chain is not a supply chain. One of these options is voice-directed warehousing. Voice-directed warehousing, where a warehouse worker is directed to perform tasks based on voice automation using a headset, is now over twenty years old. Today’s warehouses are more complex than ten years ago. cold chain, frozen), and warehouse employee turnover is greater than ever before.

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.

Supply chain agility: How big is your gap?

DELMIA Quintiq

I think you’ll agree that supply chain efficiency is no longer a differentiator. Why not view all your capacity – trucks, trailers and warehouses – as a common pool of resources. Of course there’s more to supply chain agility than a willingness to pool resources. You also need an intelligent planning and optimization platform to use that pool efficiently. And here we come up against another reason for a supply chain agility gap.

Get Started Using Machine Learning for New Product Forecasting

ToolsGroup

It’s not uncommon for us to see planning teams come to us because their executive leadership has issued an edict to implement machine learning–without fully understanding this powerful technology. Market: sometimes global, but preferred to have visibility at warehouse/location level (or more). If you take the time to plan your project well and apply the technology correctly, machine learning can be an invaluable tool to solve business problems and deliver real value.