Posts categorized as 'Supply chain management'

Free trade agreements and the future of Canada’s Supply Management system

IlyasKucukcay

free trade agreement Canada, supply chain management Canada, impact of trade agreements, Canada supply chain management systemWe live in a world of globalization. The geographical and cultural limitations our predecessors had to struggle to access goods and services has virtually gone down to nothing. In a globalized world, international trade agreements that bring many economies together to benefit from each other are essential for survival. In the past, we’ve witnessed tremendous levels of effort by governments and communities to form strong alliances to grow their economies faster and provide the best available goods and services for their people.

Trilateral NAFTA (2.0) negotiations between Canada, Mexico and the USA – which culminated in this week’s United States-Mexico-Canada Agreement (USMCA) – is a perfect case study showing the long-term impact of trade agreements. Years of regulated collaboration between the three North American countries not only helped grow the respective economies faster compared to the rest of the world but also helped all North Americans build mutual trust and commitment.

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Kinaxis once again positioned as a Leader in Gartner’s Magic Quadrant for Supply Chain Planning System of Record

MikeMcAllister

It’s important to be recognized, in life, and in business.

Gartner Magic Quadrant SCP SOR

That’s why we’re particularly excited to share the news of Gartner’s most recent research, the 2018 Magic Quadrant for Supply Chain Planning System of Record. In it, Gartner positions Kinaxis as a Leader for the third consecutive time, providing what we think is some pretty weighty validation for our vision of what a supply chain planning platform should be.

Gartner defines an SCP SOR as a planning platform that “enables a company to create, visualize, manage, link, align, collaborate and share its planning data across a supply chain. The platform encompasses demand plan creation, the supply-side response, and detailed operational and tactical-level planning.”1

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Is your supply chain not performing the way you designed it to?

AlexaCheater

Is your supply chain data fake news?Garbage in, garbage out has never been more relevant

Data accuracy has always been an issue. But with the recent push toward building digital supply chains, it’s reaching a critical tipping point as companies integrate more and more data sources. Don’t let your supply chain make headlines for all the wrong reasons. When you improve your planning data accuracy, you’ll be able to:

  • More reliably model revenue and profit so you have a better picture of your company’s health
  • Spot performance degradation faster so you can take action before it impacts the bottom line
  • Empower your team to focus on exceptions and stop wasting time chasing down rogue data

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Is global complexity driving your automotive supply chain to the edge?

AlexaCheater

The solution to supply chain issues in the automotive industry

Don’t put your supply chain profits and productivity at risk. New technologies, emerging and shifting markets, disconnected regional processes, increasing volumes and added customer demands—these are just a few of the speed bumps automotive supply chains are facing. And not addressing all that mounting complexity could be putting your supply chain profits and productivity at risk.

But shining the headlights on these potential issues isn’t enough to solve them. To keep your automotive supply chain on the road to success, you’ll need to realign, consolidate and coordinate supply chain planning across all tiers and regions in your network, including suppliers. And that means connecting data, processes and people into a single supply chain planning platform—one that utilizes concurrent planning.

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An executive’s guide to AI in supply chain management

AlexaCheater

Artificial Intelligence in Supply Chain Management – KinaxisFaster, smarter, more profitable supply chain decisions

Transitioning from hype to reality, artificial intelligence (AI) is gaining momentum across industries thanks to an explosion in computing power and storage, the emergence of IoT (Internet of Things) and big data, and algorithmic advances. While there have been numerous examples of how AI can boost profits in supply chain execution—most notably in the form of autonomous vehicles and smart robotics—the benefits related to supply chain planning have largely been ignored.

But that’s starting to change as future-focused executives see the potential to improve profitability and productivity by making faster, smarter supply chain planning decisions. The first step in achieving those benefits is understanding AI and the other technologies associated with it, and where they can help improve your supply chain planning initiatives.

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A brilliant mind: 5 Stephen Hawking quotes

BillDuBois

A brilliant mind: 5 Stephen Hawking quotesOn March 14, 2018, the world lost an unbelievable talent in Stephen Hawking. Tributes continue to pour in around the globe for a man who gave so much to science, all while fighting motor neuron disease since the age of 21. As astronaut Chris Hadfield commented on Twitter, “Genius is so fine and rare.”

Fortunately, for us, Hawking’s genius will live forever as his words continue to inspire generations. He had many great quotes that motivate anyone regardless of profession. Like many others, I try my best to apply Hawking’s wisdom to my work. If you’re reading this, that work is likely improving supply chain planning and our lives in general. The two often intertwine, which makes the wisdom even more valuable.

With that in mind, I thought I’d pass along some of my favorite Stephen Hawking quotes and tie them to supply chain planning.

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Space: The final logistics and supply chain management frontier

IlyasKucukcay

Space: The final logistics and supply chain management frontierRecent advancements in the space launch market may indicate an increased need for logistics and supply chain management in outer space operations. Humankind’s ongoing curiosity about space has countries competing to prove they have not only the technology, but also the resources and collective knowledge to go beyond our imagination.

Accessing what’s beyond our globe has become an accepted source of socio-political promotion. It’s an indication of a society that can use advanced supply chain technology to achieve the best, and to find and harvest the undiscovered.

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What’s keeping you from realizing digital supply chain success?

AlexaCheater

Digital Supply Chain Strategy: Challenges and Next Steps – KinaxisGoing digital has become top of mind for most supply chain leaders these days. But finding success through digital transformation is still an elusive venture. According to recent research by the Korn Ferry Institute, all 100 senior supply chain executives the firm surveyed said digital supply chains have the potential to revolutionize businesses. Seventy-four percent admitted they still have a long way to go before that becomes reality. So, what’s standing in their way (and possibly yours as well)?

Lack of a clear digital supply chain strategy

Nearly half of respondents noted that while they have started on digitization, their strategy only considers the impact on the business, not how to implement digital in the supply chain. This could be due in part to lack of engagement at the executive and board level.

“The missing capability is understanding of supply chain at the board level. Supply chain is seen as cost down, whereas we should see it as a new revenue model generator. Everything comes back to the leadership challenge; why are we failing to get the right leadership at the top?” called out Janet Godsell, University of Warwick’s professor of operations and supply chain strategy at Warwick Manufacturing Group, in the report.

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