2014

article thumbnail

Supply chain innovation through the Nexus of Forces

ivalua

In my last blog post, “ Will your supply chain lead in the next decade? ,” I talked about Gartner’s first-day focus at their Supply Chain Executive Summit in Phoenix, Arizona. Another significant theme was the need to act on what Gartner calls the Nexus of Forces: the cloud, social, mobile, and information. It’s the convergence of these forces that Gartner predicts will drive the business of the future.

article thumbnail

Introducing Supply Chain Power Influencers on Twitter

Supply Chain Opz

'Social media has been adopted by supply chain management professionals as a mechanism to express opinions and disseminate knowledge. Since there is too much information floating around, many people rely on "influencers" who exhibit expertise, enthusiasm or credibility. Then, this article will show how the influencers in supply chain management can be identified.

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

6 maps that explain global supply chains

The Network Effect

'We all know that supply chains are becoming more and more global, but how often can we actually see them becoming more global? The site vox.com has compiled 38 maps that explain the global economy. We’ve selected 6 that are especially relevant to supply chains. #1: How Sugar Circulates Globally. Even seemingly simple commodities have complex supply chains.

article thumbnail

What are “Analytics”?

Supply Chain Action Blog

“Analytics” is one of those business buzz words formed by transforming an adjective into a noun. . So forceful and habitual is such misuse of language that one might call it a compulsion among business analysts and writers. The term “analytics” commonly refers to software tools that can be used to organize, report, and sometimes visualize data in attempt to lend meaning for decision-makers.

article thumbnail

Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

article thumbnail

Will your supply chain lead in the next decade?

ivalua

Yesterday was the first day of Gartner’s Supply Chain Executive Summit. The conference theme is “supply chain will lead in the next decade.” Because of supply chain’s far reaching effects, Gartner is challenging supply chain leaders to drive transformation throughout their organizations. Gartner noted the increase in chief supply chain officers (CSCO), with 40% of them reporting to the CEO.

article thumbnail

Recruiters Reveal How to Land Dream Supply Chain Jobs

Supply Chain Opz

'According to O*NET OnLine, a supply chain manager earns $103,530 per year in average. Are you already on top of your game or there are something holding you back from reaching your fullest potential? This article will show you the best career advice from top supply chain recruiters. Background A couple of weeks ago we asked recruitment experts a simple question: We believe you may get many pieces of career advice from family and friends but you don''t even know that they''re now irrelevant.

More Trending

article thumbnail

7 Reasons Why You Need Supply Chain Planning Software

Supply Chain Opz

'Supply chain planning has been recognized as one of the best practices due to the force behind globalization and higher level of competitions. Considerable cost savings can be achieved when it''s implemented properly. This article will explain its basic concept and some reasons why you may need the help of supply chain planning software. Basic Concept Many companies use the word "supply chain planner" to describe an entry level job dealing with the demand forecasting and material scheduling.

article thumbnail

SCM Global 50: Best Global Supply Chain Blogs

Supply Chain Opz

'Managing the smooth flow of material and information in global supply chain context has been a business challenge for many years and many companies tries to find the new ways to take the advantage of the shift of global economy. Then, this article will show you some good resources that will help you handle the complexities in global scm. Background Even though re-shoring concept has been adopted more and more by companies of all sizes, maintaining the good control of overseas facilities and kee

article thumbnail

BPM Power 50: Top Business Process Management Blogs

Supply Chain Opz

'Business Process Management (BPM) has become one the most popular best practices in supply chain management for more than 25 years. In this article, we will show you some of the most outstanding resources that will provide you with fresh ideas to improve supply chain process. Background In 1989, Graham C. Stevens published one of the most highly cited paper called " Integrating the Supply Chain ".

article thumbnail

10 CEOs Reveal Favorite Operations Management Book

Supply Chain Opz

'Operations Management is a subject taught in business school anywhere in the world. However, classic textbooks seem to have the same teaching approach, content outline and even case studies. Then this article will show you what operations management really is, why it''s important to supply chain professionals and 10 books that inspire some of the world''s business leaders.

article thumbnail

Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

article thumbnail

Expert Explains How to Improve Supply Chain Efficiency

Supply Chain Opz

'Over the years, supply chain professionals have been trying to improve supply chain efficiency so they can gain an edge over the competitions. In this guest commentary, Thomas Roemer, Executive Director of the Leaders for Global Operations at MIT Sloan School of Management will show you where the problem lies and ways we can deal with this issue. Companies seeking to further improve their supply chain efficiency will have to continue fighting their old foe – variability – albeit in a set of new

article thumbnail

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

'Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.

article thumbnail

7 Reasons Why You Need Supply Chain Planning Software

Supply Chain Opz

'Supply chain planning has been recognized as one of the best practices due to the force behind globalization and higher level of competitions. Considerable cost savings can be achieved when it''s implemented properly. This article will explain its basic concept and some reasons why you may need the help of supply chain planning software. Basic Concept Many companies use the word "supply chain planner" to describe an entry level job dealing with the demand forecasting and material scheduling.

article thumbnail

Best Logistics and Supply Chain Infographics

Supply Chain Opz

'Following the success of our previous blog rankings titled " Supply Chain Power ", now we extend the rankings further. For the first time, the infographics from various blogs will be examined and a collection of best infographics will be established. Background Blogging has become a heart of the successful business because it can help to solve customer problems, develop thought leadership and create trust within logistics/scm communities.

article thumbnail

Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

article thumbnail

10 Commandments of Inventory Management

Supply Chain Opz

'Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Then, this article will show you 10 simple principles that you can use to streamline your inventory management practices right away. 1) Utilize cross-functional team If you''re an inventory controller and you choose to stay in your cubicle for the whole day, it''s the indication that yo

article thumbnail

The Noob Guide to Supply Chain Definition

Supply Chain Opz

'What is the definition of supply chain management? Despite the popularity of this concept, there are considerable confusions among the practitioners. Because, each professional organization has its own version of the definition. In this article, we will show you 6 attributes that will make you understand more about the meaning. 1) It''s a network Many companies have the department that controls various activities within the supply chain.

article thumbnail

Why the supply chain should be more social

The Network Effect

'No company has ‘truly’ modeled the full relationship set between how companies interact with other companies upstream and downstream in the supply chain. Some of the largest companies in the world struggle to maintain accurate master data about their suppliers. Even companies who have invested in building an accurate database of their direct suppliers know very little about the next tier of suppliers upstream in the supply chain.

article thumbnail

Use these management strategies to build a great supply chain…

The Network Effect

'Today I want to talk about some of the processes and management strategies that can be used to help a supply chain on the journey from ‘good’ to ‘great’ To read more about this subject and related themes, I suggest you read the new whitepaper, Supply Chain’s New World Order” , Visibility and Measurement. Visibility to the potential value locked in the current environment is a key driver in a supply network transformation and is being provided by advanced cloud based ne

article thumbnail

How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

article thumbnail

What is ‘integrated business planning’ and what does it mean for my supply chain?

The Network Effect

'In earlier posts I’ve explained why existing enterprise management solutions are limited ( hint: it’s stale data ), and why I believe that the new generation of cloud platforms will enable a new kind of ‘social’ supply chain that looks and operates very differently from what we are used to today. For example, many of the major challenges for companies today are related to process and measurement.

article thumbnail

The Anatomy of Supply Chain Strategy

Supply Chain Opz

'What is Supply Chain Strategy? Strategic management has been around for more than half a century but there is still no standard strategy formulation for supply chain management. In this article, we will show you what solid supply chain strategy should look like. 1) It''s a multi-year roadmap : w hen people talk about strategy, they often say something like, "we want to reduce cost by 5%" or "we will do what ever it takes to achieve 95% service level" However, Merriam-Webster dictionary defines

article thumbnail

Five reasons why cloud-based supply chain tech beats traditional on-premise

The Network Effect

'PhotoAtellier (Flickr). What can we say about supply chains with 100% certainty? First, supply chain processes are inherently collaborative activities involving multiple participants whose actions must be synchronized to deliver maximum business performance. Second, supply chain are also a community in which those parties who are already present and connected will be a superior solution framework than an isolated, inward looking enterprise-centric architecture.

article thumbnail

Why overcoming stale data is key to achieving a great supply chain

The Network Effect

'If we feel that today we have achieved a level of goodness across our supply network planning and operations, how do we target and mobilize toward greatness? The challenge for us in today’s competitive environment is how to evolve from ‘good’ to ‘great.’ We’ve gotten to ‘good’ by deploying the dominant technologies of today, but whose architectural design unfortunately perpetuates significant latency and inefficiency across the supply network.

article thumbnail

The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

article thumbnail

Why a network model makes sense for today’s automotive suppliers

The Network Effect

'Today I want to talk about the challenges faced by today’s automotive suppliers, and why a network model for their supply chain can help. Supply chain organizations within the automotive supplier industry contribute to manufacturing excellence in many ways, including quality, cost, and delivery to their OEM and subsystem customer base. Focused on outcomes, a competitive supply chain capability not only assures the on-time delivery of component material, but also the execution of inbound s

article thumbnail

What’s the biggest cause of poor performance in every supply chain?

The Network Effect

'Note: this is part 2 in a series of posts. In part one I laid out the 5 stage maturity model that shows how organizations can turn their “big data” into “big visibility” The stages are 1) Representation; 2) Accessibility; 3) Intelligence; 4) Decision Management; 5) Outcome-Based Metrics and Performance. The fifth stage was so important, I promised to devote an entire post to it. .

article thumbnail

Supply Chain’s New World Order: How Companies can go from From Good To Great

The Network Effect

'Today and in the posts that follow, I want to discuss the technology transformation that many supply chains are undergoing, and discuss how these changes can help the wider organization move from “good” to “great” Enterprises today face a conundrum in the optimization of their supply network performance. While many have driven significant improvements over the past few years through the application of advanced tools, processes, analytics, and measurement systems, how can

article thumbnail

The supply chain implications of rising healthcare costs…

The Network Effect

'The pressure to contain or drive down health system costs continues to be of big focus. In the US, healthcare expenditure per person has risen by almost 78 per cent since 2000 to USD 8,700 in 2011 (Centers for Medicare & Medicaid Services 2012). In Europe, the proportion of healthcare costs as a share of GDP is predicted to rise from 6.7 in 2008 to 7.6 per cent by 2020.

article thumbnail

The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

article thumbnail

5 New Best Practices of S&OP

The Network Effect

'Gartner Research recently reported that fully 70% of S&OP processes today have “little discernible strategic dimension”. Why? Success has been difficult to achieve because traditional S&OP is manually intensive, relies on data that resides in a myriad of systems, suffers from incomplete and stale views of demand and supply, and takes far too long to complete.

e2e 75
article thumbnail

How the cloud and counterfeiting are affecting the pharmaceutical supply chain

The Network Effect

'Note: This is part of an ongoing series on the top ten trends affecting the pharmaceutical supply chain. You can read my first post with the first two trends here. Number 3: Optimized Execution in Operations, Logistics, and Distributions. Pharmaceuticals manufacturers now realize that integrating upwards of 100 contract manufacturers in different regions into their core ERP would take several years.

article thumbnail

A shift in philosophy: basketball and your demand forecast

The Network Effect

'In January 1971, Fordham University Rams played an NCAA basketball game against the then mighty University of Massachusetts Redmen team. The game was played in Amherst, at the legendary arena known as the Cage. UMass, at the time, was almost unbeatable and hadn’t lost a game at The Cage for almost 2 years. They were led by none other than the famous Julius Erving – Dr.

Demand 75
article thumbnail

Pharma companies will increasingly take cues from retail and consumer goods….why?

The Network Effect

'If you want to know ahead of time the changes awaiting the pharmaceuticals supply chain it is useful to extrapolate experiences from the consumer and retail sectors, which were dealing with the same trends and pressures long before pharmaceuticals (for example, the proliferation of distribution channels). Thus, using retail and consumer goods as a guide, we can expect that companies will tailor the mode of transportation, warehousing and depth of distribution in each country for different pha

article thumbnail

Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe