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Staying Ahead of the Electronics Component ShortageDemand far outstrips supply, and that's not going to change any time soon. Here are six tips for not getting stuck. If you’ve operated “business as usual,” hoping that the global electronics components shortage would end soon, it’s time to [...]
5 Ways a Sustainable Supply Chain Wins the MarketIt used to be that a brand’s success was primarily dependent on its core business — how much money it brought in versus how much it spent. In today’s culture, however, a savvy go-to-market strategy is no longer enough. Brands [...]
The Difference Between S&OP and Budgeting & Why It MattersThe easiest analogy to understand the difference between sales and operations planning and budgeting is to think of your business as a football game. Before the start of a game, the coaches will devise a plan, comprised of various plays, [...]
Strategic Supply Chain Planning: Priorities of the CSCOThe Chief Supply Chain Officer (CSCO) is a key stakeholder in the company. Reporting either to the COO, or the CEO directly, they make supply chain transformation happen. In the journey to transformation, the CSCO is often asked to deliver [...]
Supply Chain 4.0 innovations are becoming game changersThe concept of ”Supply Chain 4.0” – or ”digital supply chain” – has clearly taken hold over the past one to two years, with many companies tapping into the new technology possibilities it offers and testing them within their organizations.
5 Ways to Reduce Lead Times in Your Supply ChainThe single biggest frustration a customer will have with any business is waiting. The need for on-time fulfillment, to generate high customer satisfaction levels, is key to supply chain management. Delays can do a lot of damage to the reputation [...]
Is Poor Inventory Management Creating Chaos in Your House?Planning for changes in demand for product is a situation everyone deals with. It’s not just a corporate issue either! At work, at home, in almost every space, there is a need for products, and those needs (demand) change due [...]
S&OP KICK OFF GUIDE: PART IIIn the previous article we talked about the essential requirements for people and processes to ensure successful S&OP. In this second part, we will talk about the initial business decisions that must take place before the implementation process begins.
Getting to grips with AI-driven supply chainsCAN you imagine a world where artificial intelligence (AI) can transform logistics to such an extent that the supply chain establishes new standards for productivity and efficiency? Accenture Digital ASEAN’s Consulting Director of AI, Rohit Dhawan can. According to him, [...]
Why All CEOs Must Embrace S&OPAccording to Merriam-Webster, “The English word chaos is borrowed from the Greek word that means ‘abyss.’ In ancient Greece, Chaos was originally thought of as the abyss or emptiness that existed before things came into being.” When chaos rules over everyday business operations, it [...]
The Death of Supply Chain ManagementThe supply chain is the heart of a company’s operations. To make the best decisions, managers need access to real-time data about their supply chain, but the limitations of legacy technologies can thwart the goal of end-to-end transparency. However, those [...]
‘Pull In’ Initiatives More Effective Than ‘Lean In’ for Retaining and Advancing Women in Supply ChainWhile women only make up about 20% of supply chain vice presidents today, that share is expected to rise to roughly one in three by 2023, according to a new report from Gartner and AWESOME, a leadership organization focused on the advancement [...]
The Power of Predictive AnalyticsCompanies are beginning use advanced analytics to sense and shape demand. Gartner made a similar claim in the keynote of its Supply Chain Executive Conference in Phoenix. They cited automation, algorithms and the systematic use real-time data as industry game [...]
The emerging role for drones in the supply chainFive years is a lifetime in the world of technology, but maybe you remember how Jeff Bezos turned the supply chain world upside down in December 2013. That’s when he dropped a bombshell on 60 Minutes, walked correspondent Charlie Rose and his production [...]
Antibiotic supply chains need better management to fix shortageDive Brief: Recognizing the weaknesses of the antibiotic supply chain, the Access to Medicine Foundation released a white paper outlining key ways to strengthen the supply chain and improve antibiotic access to patients. To fix shortages stemming from the low profit nature [...]
Why Blockchain for the Supply ChainManufacturers across industries, and perhaps most especially high-tech and electronics manufacturers, are trying to manage hyper-complex, global supply chains. These massive networks involve the production, transportation, and fulfillment of products among widespread suppliers, manufacturing sites, distribution centers, e-tailers, and retailers. [...]
IBF Survey: 70% of You Say AI is Future of Demand PlanningWhile the basic concepts of Machine Learning (ML) and Artificial Intelligence (AI) are not new to forecasting and demand planning, there obviously seems to be renewed interest. For years, forecasters have used algorithms including artificial neural networks, association rules, decision trees, and Bayesian networks [...]
Measure Correctly, Manage Correctly: Revisit Your Metrics!Talk to any department in your organization about their internal metrics. Within a few minutes, you’ll easily be able to gauge whether or not it’s time for said department to revisit what they are measuring and why. In departments with [...]
Best of the Best Conference Highlights: S&OP Maturity Brings BalanceSales and operational planning (S&OP) is not a new concept. Organizations have been relying on this discipline for decades to balance forecasting, supply/demand planning, and operational delivery. What is happening now is people, processes, and tools have matured—and some are [...]
10 Ways Machine Learning Is Revolutionizing Supply Chain ManagementBottom line: Machine learning makes it possible to discover patterns in supply chain data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process.
Metric of the Month: Raw Materials Inventory TurnsDelivering goods and products begins with raw materials. Those materials vary widely by industry and manufacturing process, but all must be sourced and managed.