Posts categorized as 'Supply chain management'

4 Characteristics of the Evolution of the Supply Chain

AlexaCheater

It’s Time for the Evolution of Supply Chain: 4 Characteristics to Watch for With Supply Chain 2.0

evolution of supply chainThe right product, at the right place, at the right time. The decades-old challenge of supply chain is now more difficult to solve than ever before. Globalization, market volatility, demanding consumers, vast amounts of data—it’s no wonder past strategies are failing to solve today’s mounting challenges.

With complexity growing, an evolution of the supply chain needs to begin now. Not just to solve current problems, but to be better prepared for future ones. But how are companies going to be able to adapt? How are they going to take advantage of existing opportunities to capture market share, increasing brand loyalty and profitability?

According to global services firm Accenture, the answer lies in the evolution of supply chain. It lies in Supply Chain 2.0! In the firm’s recent white paper, Supply Chain For a New Age, the authors, Mohammed Hajibashi and Ashoo Bhatti, map out a next generation supply chain blueprint.

Getting to the next generation of supply chain capabilities would require breaking down functional silos, redefining priorities, and building synchronized planning and fulfillment capabilities.”

They describe the characteristics of Supply Chain 2.0 as:

Read the full story

4 Ways Supply Chain Management Has a Higher Purpose

Dr. MadhavDurbha

The Higher Purpose of Supply Chain Management

Supply Chain ManagementMy wife’s phone rang as we were driving home from the restaurant. I turned off the music and the kids had gone quiet as she answered the phone. It was a distraught mother at the other end of the line. She was nervous and was calling about her toddler’s fever that would not go down. My wife talked to her in a calm voice, told her what she needs to do for the night to keep the fever under control, and advised the mother to bring her toddler to the clinic the next morning. With her nervousness abating, the mother profusely thanked her and hung up. As a parent of young children myself, I can very much appreciate the difference a physician, like my wife, makes in the community.

As we reached home, I retired into my study and picked up the Ken Follett thriller where I left off. I was trying to read, but the thought kept running through my head. Yes, both my wife and I are career-minded professionals. We both are in our professions to be successful, make money, and enjoy the pleasures that life has to offer. But is there a higher purpose to what we do?

There certainly is a higher purpose to what my wife is doing. One wellness visit, one infection cured, one disease diagnosed at a time, she is making a difference. The results are very tangible. But what about supply chain management professionals like me? Is there a higher purpose to what we do as executives, consultants, planners, or technology providers? As I pondered upon this topic, the answer turned out to be a resounding yes. Here are few examples of how supply chain management professionals make a difference in the world:

Read the full story

Design for a Green Supply Chain

JonathanLofton

Design for the Supply Chain Pt. 10: Environmentally Friendly

It’s been a long time; I shouldn’t have left you, without a new blog to read through!

Now reread that with the rhythm and voice of “I Know You Got Soul” by Eric B. & Rakim. I was waylaid, but let’s get right into the next principle in the “10 Principles of Good Design” as applied to green supply chain and green supply chain management (Design for the Supply Chain).green supply chain

Principle #9: Good design “Is environmentally friendly”

“Design makes an important contribution to the preservation of the environment. It conserves resources and minimizes physical and visual pollution throughout the lifecycle of the product.” – ‘Dieter Rams: ten principles for good design’

I was talking with my good friend and colleague Dan Fischer about the blog series and mentioned this principle. He told me about cases he had seen with some clever work on re-usable packaging, where the supplier’s packaging can be taken into its customers’ facilities and is either used to move the resulting product through the process and on to its next destination, or the empty containers go back to the supplier for use in a future delivery.

Read the full story

Poems about Supply Chain Management Software

AlexaCheater

A collection of bad supply chain poems: volume 2

Poems about Supply Chain Management Software After the success of last year’s bad supply chain poems, I’ve decided to resurrect this cringe-worthy tradition in honor of Bad Poetry Day. So sit back, kick your feet up, and prepare to be amazed by the literary talents of the Kinaxis team around today’s supply chain and our supply chain management software.

Dawn of a new supply chain
By Alexa Cheater

Down with Excel,
Let’s turn supply chain planning on its head,
No more hours compiling data in spreadsheets we dread!

It’s time for a new way,
Much better than before,
Where teams work together, instead of in silos or behind closed doors.

The future is now,
And it sure is bright,
Features like adaptive collaboration and concurrent planning mean sleep-filled nights.

Read the full story

Supply Chain Management Moving Up the Business Ladder

MelissaClow
  • by Melissa Clow
  • Published

How to Get Supply Chain Into the Boardroom

This guest post comes to us from Argentus Supply Chain Recruiting, a boutique recruitment firm specializing in Supply Chain Management.

Supply Chain ManagementOne topic we keep returning to on the Argentus blog is the issue of Supply Chain raising its profile within business. We’ve discussed the emergence of companies hiring Chief Supply Chain Officers, as well as Supply Chain’s ascension into the most high-impact role in business: the CEO function. Suffice it to say that companies around the world – including some of the most relevant and innovative companies – are placing an increased amount of responsibility on the long-undersung function of Supply Chain Management, a function that, until recently, companies saw as a back-office, transactional aspect of business that didn’t have a big role to play in innovation and competitiveness.

No longer. We loved this recent major feature in Supply Chain 24/7 about how far the field has come, as well as how Supply Chain leadership can get more buy-in from executives at their companies.

Read the full story

Vinyl Record Production Supply Chain Update

KevinMcGowan

Update on the Vinyl Record Supply Chain

vinyl record productionIn my first post on this subject, I discussed how the resurgence in vinyl record production has been a struggle. There are a limited number of producers all working 24-7, and it’s difficult to keep up with demand. The renewed interest in purchasing music in this physical medium has meant a massive increase in sales, year over year, but it has also meant slowed production, and availability delays.

The challenges are even greater for small independent record labels, as their orders often get pushed out in favour of large orders from bigger music companies.

In the 6 months since I wrote that post, the tides have begun to shift in the vinyl record supply chain. There are new vinyl pressing plants opening on a regular basis. The latest has made a lot of press in Canada, and it is poised to become the second-largest vinyl pressing plant in North America. Talk about a shakeup!

I got in touch with Gerald McGhee, who has been the President of Isotope music for two decades, but he is now also the Executive Vice President of Precision Record Pressing, based in Burlington Ontario. I asked him a few questions about their business plan, and their supply chain challenges.

Read the full story

7 Avoidable Data Errors in Your Supply Chain Data

PalvashahDurrani

Supply Chain DataThe Devil is in the Data Details: Entering a New Global Market

So you’re about to launch into a new global market. It’s thrilling, full of potential, and has its own set of opportunities and challenges. One of these challenges that you might not think of immediately is big data in your supply chain—specifically the quality of your data. What might seem like a minor detail, such as differing measurement systems, can dramatically affect how effectively your supply chain functions and how well products move to market.

Here are 7 data issues you might need to watch out for:

7. Currency

This is probably an obvious one. You’ll need currency conversions at sales points, but you’ll also benefit from accurate currency conversions at your assessment and planning levels. For example, tracking revenue in each location’s currency helps you to assess those values within that market context. Failing to accurately convert costs into the same currency as the price for a product can lead to inaccurate margin calculations and erroneous profit values.

6. Measurement System

This can vary from using the metric system instead of imperial measurements to using the right shipping dimensions. Inconsistent and incorrect dimension data can result in products that don’t fit into shipping containers, that are properly processed at distribution centers, or that fit on store shelves.

Read the full story

Career advice for supply chain professionals

Dr. MadhavDurbha

Career advice for supply chain professionalsIt is a great time to be a supply chain professional. Emerging technologies such as Internet of Things (IoT), Cognitive computing, and Augmented Reality are creating new challenges and new opportunities for supply chain management (SCM) professionals. Rise of real time technologies are blurring the lines between planning and execution. Cloud technologies are speeding up the consumption of newer technology innovations being rolled out.

While this technological shift is happening, the complexity of supply chains is growing. The strategic thinking and problem solving skills needed to handle this complexity are facing serious shortage as highlighted by a 2015 Wall Street Journal article. This asymmetry between the demand and supply of SCM talent creates a great opportunity for those who are willing to go the extra mile, making them extremely valuable within their organizations and in the broader market. Given these dynamics, here are few tips for the early to mid-career SCM professionals on taking your career to the next level.

1. Look beyond your current role: There is increasing realization in the industry that one needs to look at the supply chain holistically in an end-to-end manner beyond the traditional functional domains such as demand planning, logistics, procurement planning etc. For example, an upcoming promotion may need to be executed in conjunction with production and replenishment planning or else one might run the risk of stock outs while also incurring the added cost of promotion. Such risks are becoming more front and center for executives as the world around us turns more complex and volatile.

A recent white paper on Supply Chain for new age introduces the notion of a “Network Planner” who would plan across the end-to-end supply network. Such roles will become the norm and will be highly visible within organizations of the future, setting one up for a great career. However, in order to prepare for such roles, you will need to think beyond functional silos and build deep and broad supply chain domain knowledge. But how can one obtain such knowledge? That brings me to my next point.

Read the full story