Study Reveals 50% Adoption Rate for Supply Chain Planning Solutions

In a recent study, Gartner estimates that 50% of Supply Chain Planning Solutions are not fully utilized1. How can organizations ensure that they have the user adoption needed to attain the full benefits from their existing or new supply chain solution?

By | March 20th, 2018|Supply Chain|1 Comment

Want to Align Projected & Actual Cost Savings for Supply Chain Improvement Initiatives? Here’s How.

A manager once told me that if you add up all the supply chain cost savings projected by various supply chain improvement initiatives over the years, you would have enough money to buy the company five times over. No wonder management is skeptical of benefits offered by improved supply chain planning.

By | February 16th, 2018|Supply Chain|0 Comments

Improving Data Visibility with Descriptive Statistics: How to visualize the Product-Volume-Variability-Velocity Matrix

Using descriptive statistics, you can improve data visibility by creating a snapshot of your product volume, variability, and velocity. Here’s how.

By | January 18th, 2018|Memoirs of a Black Belt, Supply Chain|0 Comments

5 Key Supply Chain Efficiency Assessment Areas for 2018

If you are looking to improve your supply chain management systems in 2018, you most likely have asked the common question: How do I assess my current efficiency? This is a good starting point for anyone looking to add functionality or identify loopholes within current processes. There is no single perfect method that meets all needs and has no flaws. However, the good news is, supply chain assessments have proven to be very advantageous for many businesses.

By | January 16th, 2018|Supply Chain, Supply Chain Optimization|0 Comments

Don’t be a Supply Chain Innovation Grinch

A holiday Christmas story and adaptation of Dr. Seuss’ “How the Grinch Stole Christmas!” Every Manufacturer Down in Manufacturingville liked innovation a lot… Except for the Grinch, who worked north of Manufacturingville The Grinch hated innovation! The whole innovation Season! Now, please don’t ask why. No one quite knows the reason. It could be that

By | December 21st, 2017|Holiday, Supply Chain|0 Comments

Key Guiding Principles for Getting a Better Handle on Implementing Artificial Intelligence (AI) in Supply Chain Management

The role of Artificial Intelligence (AI) in business activities has again emerged as a hot topic for 2017 and 2018. In fact, Gartner predicts by 2021, 40% of new enterprise applications will include Artificial Intelligence Technologies, where AI and Machine Learning promise to solve a plethora of problems faced by enterprises today, from better decision making to increased efficiencies and cost savings.

By | December 1st, 2017|News and Trends, Supply Chain, Supply Chain Strategy|0 Comments

3 Reasons why we’re grateful for Internet of Things (IoT) this Thanksgiving

Our world can be defined as a series of interconnections. Interpersonal, international and other relationships dictate the global economy and infrastructure and with the advent of the internet, the threshold of connectivity became limitless.

By | November 22nd, 2017|Supply Chain|0 Comments

How to Determine the Best-Fit Plan with Supply Chain Optimization

The use of optimization in supply chain management is widespread, just not in supply planning.  Regular use of optimization occurs in inventory management and demand forecasting. “Best-fit straight line” is one of the most common uses of optimization. With this method, you enter or pull into Excel (or your favorite statistics software) a set of “x values” (the independent value e.g. the number of cars in a train) and a set of “y values” (dependent value e.g. the fuel cost for each train), click a few buttons and you get a “best-fit” straight line – a slope (b1), a y-intercept (b0), a measure of goodness, and a straight line drawn through your scatter plot.

By | November 7th, 2017|Supply Chain Optimization|0 Comments

Can Supply Chain Optimization Lead to a Road Less Traveled?

An optimization model does the same; it calculates the decisions based on the stated preferences and constraints in the model. That can sometimes have the inadvertent effect of finding new pathways, a road less, if ever, traveled.

By | October 26th, 2017|Supply Chain Optimization|1 Comment

Supply Chain Optimization in Supply Planning: How to Develop a New Way of Thinking

Naturally, supply chain optimization in supply planning can feel counterintuitive. Here’s why you should combat that feeling to create the best plan possible.

By | October 20th, 2017|Supply Chain|0 Comments

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