Articles
Lean Supply Chain
Supply Chain AI: This Time It’s for Real
Data analytics and artificial intelligence (AI) are hot topics these days, especially in supply chain circles.
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Drilling Deeper Into Your Supply Chain
Data analytics is the science of examining raw data to help draw conclusions about information. When applied to the supply chain, it allows companies to drive insight, make better business decisions, and verify or disprove existing models or theories. Data analytics breaks out into the following categories: Descriptive analytics. In supply chain, descriptive analytics helps […]
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The View From the Control Tower
As discussed in my last column, Integrated Business Planning (IBP) is a process that uses “outside-in” thinking by integrating demand forecasts, supply plans, inventory projections, and financial plans into one medium-term strategic model. That’s a great starting point. But the leading-edge way to manage your short- to mid-term global supply chain in real time (or […]
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IBP and Lean: A Match Made in Heaven
Acknowledging that we are in a “whitewater rapids” phase of today’s global economy, and hence supply chain, leads us to the question: Who is steering the ship and how?
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Managing Change in Turbulent Times
We are now in a "white water rapids" phase in terms of the global economy, requiring flexibility from the processes, technology, and people in the supply chain to navigate these rough waters. Making the transition to a truly flexible and lean supply chain, especially during these turbulent times, involves changing the three elements necessary for […]
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Omnichannel Retail: 4 Rules for Success
While it’s not possible to be truly omniscient when it comes to omnichannel retail and your supply chain, it is possible to try to anticipate some of the challenges ahead.
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Riding Out the Rapids
It seems that we are moving from crisis to crisis—tariffs, a plummeting stock market, cyber-attacks, recalls—at an ever-increasing pace. While we can’t avoid these crises, we can minimize their impact with a lean, agile supply chain. While that’s easy to say, it’s hard to do. Some key components to focus on include: Supply chain visibility, […]
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Going Straight to the Sourcing
Strategic sourcing, which consultants popularized in the late 1980s/early 1990s, is a supply chain management approach that formalizes the way organizations gather and use information to leverage consolidated purchasing power and find the best values in the marketplace. Strategic sourcing involves developing supply channels at the lowest total cost, as opposed to the lowest purchase […]
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Store Delivery Keeps Retailers in the Game
Multi-channel retail and fulfillment is typically based on the assumption that customers choose a main way to connect, whether physical stores or a website. Many retailers manage each channel separately with different teams, budgets, processes, tools, reporting structures, and revenue goals. In multi-channel retail and fulfillment, stores have their own stock and sell directly to […]
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Are You Ready for Omnichannel Retail?
An omnichannel retail strategy provides a consistent shopping experience across different channels and devices, requiring your supply chain to offer a smooth, positive experience for customers—no matter where and how they interact with your brand. Some supply chain challenges to address when dealing with an omnichannel retail strategy include: Supply chain visibility. Consumer expectations are […]
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Don’t Let Your Office Go to Waste
When analyzing your supply chain for efficiency improvements, it can be easy to ignore administrative activities. But office activities can constitute approximately 50 percent of the order-to-shipment lead time, and about 60 to 80 percent of all cost pertaining to meeting your customers’ needs. Many companies treat office activities in the supply chain and elsewhere […]
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Internet of Things to Come
The Internet of Things (IoT) allows users to collect and make data visible at key points, improving customer satisfaction and optimizing supply chain responsiveness. It can also offer greater differentiation and innovation, leading to a competitive advantage. IoT is widely discussed, but what does it refer to and how does it relate to the lean […]
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Peak Season Planning: A Year-Round Venture
It’s never too early to start planning for peak season supply chain capacity. To meet customer demand at a reasonable cost, it is best to plan ahead as much as possible with a lean, flexible supply chain. Many retailers do an inordinate volume of business—some as high as 70 percent—from Black Friday until the end […]
Read MoreSometimes It’s Better Not to Be So Pushy
Supply chain processes fall into one of two categories: pull systems, where a company initiates execution in response to a customer order (reactive) and push systems, where execution is initiated in anticipation of customer orders (speculative). The boundary that separates push processes from pull processes is one measure of a supply chain’s “lean-ness”—the farther upstream […]
Read MoreGlobal Supply Chain Risk: Don’t Wait, Mitigate
Having a global supply chain risk management strategy in place can not only increase value to your customers but also reduce your costs and increase performance. Companies globalize supply chain management to increase competitive advantage, add value to the customer, and reduce costs through global sourcing. But global supply chains also increase risks from considerations […]
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Stay Competitive with a Flexible TMS
Lean principles, when used in conjunction with a transportation management system (TMS), can deliver lower transportation costs, reduced inventory levels, and progress toward business goals. New technology is emerging to further improve the efficiency of transportation systems. You must manage and properly control—with complete visibility and great communication between partners—the transportation systems that connect your […]
Read MoreWhat’s Your Sourcing Strategy?
Having a current, flexible sourcing strategy can not only reduce costs and increase efficiency, but also serve as a competitive advantage to help organizations increase the top line. Supply chain costs, primarily procurement and transportation, can range from 50 to 70 percent of sales, depending on industry. So it is critical to spend considerable time […]
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Predictive Analytics Takes Forecasting to a New Level
Technology users in 2012 generated 2.5 exabytes of data per day, three-quarters of which is text, audio, or video messages. That’s a lot of data for companies to review and potentially leverage, and is one reason for the increasing use of predictive analytics, a cost-effective way to filter through and utilize large amounts of data. […]
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Using Network Optimization Technology To Enable Your Lean Supply Chain
From a lean and agile supply chain perspective, an optimally designed supply chain can significantly improve margins, support expansion into new markets, enhance the customer experience, and reduce operating costs. Optimizing your supply chain network helps achieve more value and less waste through keeping lower inventories, maintaining the right stock levels, and choosing the right […]
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How Supply Chain Strategies Impact
E-commerce Success
E-commerce has emerged as part of a company’s omni-channel marketing program. Achieving success requires not only an agile, lean supply chain, but also a strategy to get there. Many e-commerce companies sell a variety of products, and each type of product establishes different strategic needs. For example, functional products require lean and flexible network strategies, […]
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