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Sales & Operations Planning: The Key to Managing ChangeA bedrock principle of Supply Chain Management is its recognition that all value-adding functional activities within an enterprise are interconnected. Once a company realizes this interdependence, the challenge becomes one of operationalization: how does the organization work this insight into [...]
When the Economy Dips, Demand Planners will Become Your SuperheroesThe forecast for the economy today is mostly sunny and mild temperatures. Things look great - unemployment at all-time lows, economy growing at over 3%, and consumer confidence is on the rise. All of this adds up to top line [...]
Automate Processes for More Accurate ForecastingAccurate forecasting, or at least as near to accurate as you can get, creates efficiency and cost savings. By having accurate demand forecasts, you can plan inventory with a minimum of overstock, production, and shipping with short lead times along [...]
5 Major Benefits of S&OP For Your Company, and How to Achieve ThemSales and Operation Planning (S&OP) is probably the least understood aspect in Supply Chain Management. It provides the key communication links for top management to coordinate the various planning activities in a business.
Why It’s Smarter to Choose Software Over Spreadsheets for Accurate Demand PlanningDeciding to use a software application for demand planning, instead of spreadsheets, is a major shift for any company but its essential to longer term growth. Of course, like any big change, there’s a time to do it that makes [...]
New Study on Women in Manufacturing Reveals Impact on Supply ChainsThe Manufacturing Institute, Deloitte and APICS recently released a study, “Women in Manufacturing: Stepping up to make an impact that matters.” The joint study is the result of more than 600 survey responses from women professionals in the manufacturing industry, along with nearly 20 manufacturing executive [...]
The next production revolutionManufacturing is changing. New technologies are radically altering not only how we make things, but how we innovate. As manufacturing systems, technologies and innovation activities become more complex, distributed and interdependent, policy makers around the world are looking for new [...]
Thinking about Current Manufacturing TrendsOverall, the conference speakers at last month’s Manufacturing for Growth (MFG) Meeting in Miami, Florida, presented a coherent theme about the future of manufacturing: There is no short-term or long-term thinking anymore. Thinking must concentrate on current trends and how to keep [...]
Five Tech Trends Poised to Disrupt ManufacturingHere are five key tech trends that will change manufacturing for good. Some of these trends are already affecting how business is done, while others are expected to become more prominent in the years ahead. The Association of Equipment Manufacturers [...]
Manufacturing and Blockchain: Prime Time Is Yet to ComeSince the Industrial Revolution in the 18th and 19th centuries, manufacturing has exponentially increased in volume and demand; supply chains have grown ever more complex, and industry has progressively required less direct manual labor.
Data-driven cultures: why now?Supply Chain Capability Manager, Alex Edge, summarises the recent report, How to build a data-driven culture and explores the implications for skills in supply chain.
Constance Hotels & Resorts: Delivering supply chain innovationWith a passion for hospitality, Gilbert Chetty, Group Supply Chain Manager, discusses how his team works to provide its customers with an unforgettable experience. The hotel industry remains a fierce platform for budding entrepreneurs and long-standing corporations. The rise of budget [...]
5 Supply Chain Habits That Will Destroy Your BusinessWhen it comes to supply chain professionals, most of us like to think we know the best way of doing things. Starting off with the best of intentions, we work under an unproven premise that our little supply chain foibles [...]
What Is Lead Time Variability and How Can You Beat It?Lead time variability is a problem in any supply chain / manufacturing environment. Just-in-time supplies don’t always work out that way: you order too soon or too much and now you’re carrying inventory on your supplies, possibly risking obsolescence. You [...]
New Supply Chain Jobs Are Emerging as AI Takes HoldCompanies are cutting supply chain complexity and accelerating responsiveness using the tools of artificial intelligence. Through AI, machine learning, robotics, and advanced analytics, firms are augmenting knowledge-intensive areas such as supply chain planning, customer order management, and inventory tracking.
Is the lack of IIoT standards holding back industrial progress?Many companies are wondering about the progress of widespread IIoT standards. Every new or emerging technology has to be able to communicate and work with the world in which it is to function, and this is especially true for a technology [...]
What Does World-Class Supply Chain Planning Look Like?Omnichannel customers, increased product customization, and the emergence of non-traditional competitors all demonstrate that the old methods of brute force execution and elbow grease will no longer suffice when creating a supply chain.
A Wealth of Data PossibilitiesThe industrial internet of things (IIOT) is on the minds of many supply chain management professionals. The potential benefits are just too good to ignore, and companies large and small are feeling a true sense of urgency as competition and [...]
Why sustainability is a cornerstone reason for supply chain changeStuart Nivison, HSBC’s Global Head of Client Network Banking, highlights that supply chain sustainability can bring value to your business now, and benefit the future. Altruism is no longer the driving force for businesses investing to become more sustainable. Companies are [...]
Big Data and Supply Chain Risk ManagementToday’s supply chains are still learning how to adjust to a vast, complex information landscape that shifts with every passing day. Unpredictable pricing, regulatory issues and changes, material shortages, natural disasters, global social and political unrest, and labor ethics are [...]
What is the Difference between Planning and Scheduling?Whether selling pipe cleaners, or manufacturing widgets to use in the creation of gadgets, any company with operations and production will be dealing with planning and scheduling. The differential between what is planned and what is ultimately scheduled is where [...]