Posts tagged as 'Supply chain'

ACT now to take your supply chain into the future

AlexaCheater

One message came through loud and clear during Gartner’s recent Supply Chain Executive Conference; you must ACT (aspire, challenge, transform) now if you want to have any hope in taking your supply chain profitably into the future. The conference’s theme of Aspire, Challenge and Transform in a Disruptive World featured prominently in the opening keynote address by two of the research firm’s VPs, Debra Hofman and Michael Burkett, who urged attendees to re-imagine their roles and ask how they will meet the future.

The pair talked about how disruption is the new norm. I would argue it always has been, but agree the explosion of interconnectivity and digital disruptors is causing an immediate impact on supply chain—even if the supporting technology behind it has individually been around for years. I’d also agree that to be successful it’s time to re-define the very notion of supply chain.

Providing an experience, not just a product

With more than $16 trillion exports moving between countries annually, the new reality isn’t just focused on getting the right product to the right people at the right time. As Hofman and Burkett put it, it’s about creating an experience-focused supply chain, which will force you as supply chain managers and leaders to gain a better understanding of your customers than ever before.

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Supply chain pain points: Consumer electronics

AlexaCheater

Consumer Electronic4 problems facing consumer electronics and what to do about them

Let’s face it. Working in supply chain is no walk in the park. Unless of course you’re walking barefoot and the ground is covered in razor-sharp pebbles that randomly change location. Then maybe it’d be comparable.

The fact is, while supply chain is big business for most companies, it also comes with a whole new set of challenges unique to its many processes, data requirements and functions. But depending on which industry you work in, your specific set of supply chain pain points could vary greatly. This blog series takes an in-depth look at some of the specific supply chain obstacles certain industries face, and how to potentially overcome them.

First up is consumer electronics.

Relatively short product lifecycles (typically 6-9 months) with multiple feature changes throughout

This creates an atmosphere full of risk. With so many changes happening over the course of the lifecycle, you’re likely carrying extra inventory to make sure you have enough stock on hand to cover any part substitutions or adjustments. That means higher carrying costs and a greater risk to your bottom line if the product ends up as slow moving, excess or obsolete inventory.

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Women in supply chain: Where did this topic go?

MelissaClow

International Women's DayToday, Wednesday March 8th is international women’s day. To recognize this global celebration I decided to write on women in supply chain. Over the years we have discussed this topic at length on our blog. But to be honest, I haven’t heard much lately and I wonder what has changed. I used to see plenty of industry news articles, webcasts, conference sessions dedicated to the importance of diversity in supply chain, but today’s hot topics are IoT, machine learning, augmented reality and the like. Perhaps progress been made already and it’s no longer the pressing issue it once was? I’m not so sure.

In today’s current environment I believe that it is important to continue to keep women, and diversity, top of mind. Despite it being 2017, we know the gender split is not even in this field. We know the importance and focus of the supply chain function is intensifying in business so you would think that reexamining the current organizational make-up of today’s supply chain would be an important consideration. In the words of my former colleague Lori Smith, “Ironically, for an industry that is all about balancing supply and demand, there doesn’t appear to be much balance when it comes to its own human resources. It’s time for supply chain organizations to do a reality check and apply some basic planning and course correction initiatives within their own internal organizations.”

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Concurrency: Embracing the death of S&OP, SCOR and Other Supply Chain Paradigms.

MelissaClow

Recently Matt Davis of Gartner (formerly SCM World) published Concurrency: Embracing the death of S&OP, SCOR and Other Supply Chain Paradigms as a result of three years of Future of Supply Chain research. In this new research paper, SCM World describes the death of S&OP as we know it.

Proving to be both a disruption and a massive opportunity, digitisation, value chain collaboration and a greater need for real-time decision-making are coming together as a disruptive catalyst to end a roughly five-year stagnation in supply chain planning. Innovative approaches to solving today’s supply chain challenges that embrace these new realities are showing that the future of planning is concurrency.

What is concurrency?

concurrency

 

 

 

 

 

 

 

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Don’t confuse precision with accuracy!

TrevorMiles

These were the words that popped out at me during an excellent presentation by Alex Brown of Xilinx during his keynote presentation. Recently my colleague covered an interview with Alex and it reminded me of his aptly titled presentation “Taming Complexity”.

As a practice Supply Chain Management is made up of a bunch of engineers who pride themselves in their mathematical skills, and Alex, with a PhD in Industrial Engineering from Stanford University, is a prime example. Nothing pleases us as much as solving complex problems using mathematics. We spend years learning about linear programming and the theory of optimization, so we want to put these skills into action.

What we don’t get taught at university, is that most “interesting” problems are too complex to be solved using mathematics. Recognize that word “complex”? It was in Alex’s title. What we are taught at university is the word “intractable”.

intractable

 

 

 

 

 

 

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Passion for supply chain management given industry recognition

MelissaClow

Madhav Durbha, KinaxisFrequent Kinaxis blogger Madhav Durbha was recently honored as a Supply & Demand Chain Executive ‘Pro to know’. We are thrilled that his contributions to the industry were recognized.

Madhav’s experience and educational background show his passion and enthusiasm for supply chain and the role it plays in making the world a better place. He shares this passion with others through his speaking engagements and writings. Madhav brings deep knowledge across verticals and significant market intelligence to Kinaxis. He is also a strong asset and advocate to our customers as we enable their transformation by revolutionizing planning.

I asked Madhav to share some insight with our readers. Check out his responses.

What do you believe are the biggest supply chain challenges companies are faced with today and for years to come?

The key challenges facing today’s organizations are complexity and volatility. The root causes for these include growing channel complexity, SKU growth, demand variability due to more dynamic pricing and promotions, trading partner growth, increased outsourcing relations, geopolitical risks, and informed consumers. Not all of these factors apply to all industries but most industries are impacted by a subset of these.

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Improving Supply Chain Collaboration: Connecting People

TeresaChiykowski

This is the final blog post in our three-part series discussing ways to improve supply chain collaboration.

Supply chain collaborationIf you’ve read the first blog posts in this series, you should have a pretty good idea of two main reasons why supply chain collaboration is failing – fundamental . You should also have a better understanding how to fix what’s “broke” when it comes to data and processes.

Today, I’m going to tackle a third fundamental reason collaboration is failing: the disconnect between the people overseeing the supply chain.

The challenge: Disconnected people

Supply chains don’t run themselves – not yet anyway.

From demand and supply planners, to inventory managers and capacity planners, humans play a pivotal role in keeping the supply chain moving and customers happy and loyal.

But there’s a problem. Not everyone in the supply chain talks to each other.

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On-demand SCM World webcast – Concurrency: The new era of supply chain planning

MelissaClow

Concurrency: The New Era of Supply Chain PlanningI’m happy to share that the following recorded webcast is now available: Concurrency: The new era of supply chain planning with Kevin O’Marah, Chief Content Officer, SCM World and Trevor Miles, Vice President of Thought Leadership, Kinaxis.

Future supply chain leaders will look back at 2016 as the end of an era. Spurred by unprecedented disruption, volatility and technology evolution, leading organizations are abandoning outdated, overly rigid supply chain planning processes and moving towards the future of planning: concurrency.

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