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Demand Management: Linking the Market to Operations Management

All businesses, whether they be commercial, profit-seeking companies or not-for-profit altruistic enterprises, manage demand. It is so common, that we might not even be aware that we are doing it. We do it in our everyday lives, as we manage [...]

Data—Our New Natural Resource

As I walked the floor at this year’s APICS conference and sat through a variety of educational sessions, I was reminded of a phrase I heard recently: “Data is becoming a new natural resource.” The statistics are quite mind-boggling. According [...]

Understanding the Basics of Blockchain and Supply Chain

Blockchain has become a major buzzword, but many people still don't quite know what it is or how it could apply to their business. The simple explanation is that it's a software to help conceptualize and plan easier - and it [...]

Do You Know These Financial Metrics?

When it comes down to the bottom line, your decisions have financial impacts. The Institute of Business Forecasting & Planning said, “The profit and loss statement often gets the most attention, since it shows the revenue, the cost of goods [...]

Confronting Disaster with Agile Supply Chains

Predictive analytics in the week prior to the arrival of Hurricane Florence onto the shores of North Carolina on September 14, 2018 estimated that at least 10,000 actual or planned truck shipments to and from coastal regions were at risk [...]

5 Ways Spreadsheets Undermine Your Forecasting and Planning Credibility

It's a scenario many a supply chain planner has faced. And it’s one everyone dreads. You’re in a meeting when a key stakeholder asks, “Where did you get those numbers? They don’t match my calculations?” Your stomach flips. Your chest [...]

What in the World is Wrong with our Forecasts?

Forecasting has been woven inexorably into the fabric of almost all companies across America over the past fifty years. It is safe to say that most business leaders would argue that high quality sales forecasting is an indispensable activity within [...]

Integrating Planning and Scheduling: How Is It Done?

Modern manufacturing operations are constantly challenged to be flexible, yet efficient. Compressed product life cycles, complex global supply chains, and fierce competition exert extreme pressures on production processes. Without tight integration between planning and scheduling, the business may struggle to [...]

Why You Should Consider Cloud-first

Businesses are increasingly adopting cloud-first strategies - and for good reason. It can often be more secure and easier to afford. Employees are more likely to accept cloud computing than they were a few years ago, partly due to its [...]

Sales & Operations Planning: The Key to Managing Change

A 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 [...]

Prepare for Instability with Demand Planning

In a time when business is booming, fear that things may turn the other way can build. Demand planners can help by being realistic and trying to create the most accurate picture of what is to come. The Institute of [...]

Automate Processes for More Accurate Forecasting

Accurate 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 [...]

The Benefits of an Effective S&OP Process

The Institute of Business Forecasting & Planning said, "Sales 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 [...]

Why It’s Smarter to Choose Software Over Spreadsheets for Accurate Demand Planning

Deciding 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: Making Supply Chain Careers More Attractive to Women

According to a recent study jointly conducted by The Manufacturing Institute, APICS and Delloite, nearly 70 percent of women indicated they would stay in manufacturing if they were to start their career today, and nearly 90 percent indicated they are [...]

Exploring the Implications of an Emerging Production Revolution

Those in the industry agree that a new manufacturing revolution is around the corner. New converging technologies and integrated application systems are changing how we make things and how services are delivered. Moreover, the way we carry out manufacturing R&D [...]

Manufacturing for Growth: Key Takeaways

Last month, Mark Albert, Editorial Director of Modern Machine Shop, attended the Manufacturing for Growth (MFG) Meeting in Miami, Florida. He now shares his thoughts and feedback on the many presentations, including how the pace of change is accelerating, why [...]

5 Key Tech Trends Changing Manufacturing for Good

The Association of Equipment Manufacturers (AEM) recently delved into the emerging trends and technologies in the manufacturing world. Through multiple thought-leadership initiatives, including CONEXPO-CON/AGG 365 online, AEM revealed 5 key tech trends, including Industry 4.0, Internet of Things (IoT), and [...]

The Future of Blockchain Technology in the Supply Chain

Blockchain technology is offering a promising solution to ever-increasingly complex supply chain. That said, manufacturers cannot depend on blockchains alone to make their operations more manageable, but they should all be looking closely at the potential. Read on to find [...]

How to Build a Data-Driven Culture in the Supply Chain

Today we're looking at a recently published report on how to build a data-driven culture. Inside you'll find key insights into why businesses are now investing in developing a data-driven culture and actions that can embed this way of working. [...]

Supply Chain Innovation at Constance Hotels & Resorts

Awarded the Green Globe Certificate for four years in a row, the supply chain group at Constance Hotels & Resorts has shown an unwavering commitment to sustainability. In doing so, the travel and tourism company has increased the its global [...]
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