Remove 2005 Remove supply chain budgeting Remove Supply Chain Optimization
article thumbnail

Is Your Supply Chain Recession Proof? A Guide for Building a Resilient Supply Chain

SCMDOJO

Supply chains are particularly vulnerable during recessions. Economic downturns can disrupt the flow of goods, increase operational costs, and reduce profit margins. Consequently, it is imperative to develop a recession-proof supply chain to make them more resilient and adaptable.

article thumbnail

Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Enhancing Logistical Efficiency: Strategies for Improvement

SCMDOJO

To optimize operations, reduce costs, and minimize environmental impact, a multifaceted approach is required. This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost.

article thumbnail

Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

While Lean focuses on eliminating waste and optimizing processes to achieve seamless workflow, Six Sigma targets reducing variation and improving quality through data-driven analysis and statistical tools. – JIT deliveries cause congestion in the supply chain which leads to delays, pollution, shortage of workers, etc.

article thumbnail

SAP Spend Connect – See the bigger picture

Spend Matters

Better guidance and support within P2P ‘Guided Buying’ is a concept introduced in 2005 (actually, by one of the authors of this piece, Pierre Mitchell) many years before SAP launched a capability by the same name that helped with basic user guidance, search and ‘smart forms’ to go beyond free-text requisitions. using RAG ).

article thumbnail

What is continuous, self-cleaning data?

Procurement Insights

Jon Hansen, Procurement Insights (1998 to 2025) Context: DND Implementation and Self-Learning Algorithms DND Background: Hansens DND project (1998-2005) transformed procurement for Canadas Department of National Defence, streamlining purchasing (e.g., supplier vetting patterns) to ensure cleaned data to optimize desired outcomes.

59
article thumbnail

How to Plan with a Company’s Vision in Mind

Supply Chain Trend

Examples of an aspirational planning goal or BHAG can be: ‘our 6-month EBIT outlook will be within 2% error margin’, ‘we will decimate our budget cycle time’. ‘80% They both run their operations mostly on customer orders and hardly use other planning and forecasting than the yearly budget plan and financial outlooks.

Budget 60