As a process chemical company it is important to optimize and build advanced supply chain planning capabilities. You may have a current process in place, but are you experiencing the results that you need to prosper in this digital world? Is it time to maximize current supply chain planning investments and do more? To fully benefit from your strategic technology investments—and …
Supply Chain Planning Transformation – A Practitioner’s Roadmap
Supply chain transformation involves improving an organization’s abilities to make decisions about which products to keep in stock, where to keep them, when to replenish them, how to improve service levels for customers, how to liquidate excess stock in the most profitable way and how to quickly respond to changes in customer demand. Supply chain planning transformation can …
AI and Analytics: The Importance of Visualization and Data
In today’s supply chain business environment, improving insights to critical advanced analytics metrics via data visualization has become a critical element responsible for driving performance for any company. Improving your organization’s ability to consume data in an intuitive, conventional manner to facilitate understanding can be the difference from taking action at the …
A Digital Transformation Guide for Supply Chain Disruptions
Supply chain disruptions happen – whether it’s the current COVID-19 situation, or future activities including other pandemics, unforeseen events or weather conditions such as hurricanes and tornadoes. As a supply chain professional, you are in the power position of being able to learn from this experience and take actions now that can help your company be better prepared to …
Making the Case for AI and Machine Learning
Supply chains are moving faster and faster and the complexity of data needed to manage them is growing exponentially. To quickly turn tremendous volumes of data into actionable insight, an increasing number of organizations are now turning to innovative digital supply chain planning platforms that are powered by artificial intelligence (AI) and machine learning (ML). On its …
How a Digital Twin Leads to Better Supply Chain Decisions
Supply chain organizations are still at the early stages of making the most of advances in digital supply chain technology, including the use of a digital twin. In many ways, you could argue the industry is mostly using the astonishing capabilities of computing and internet connectivity to do what they did before – just faster and cheaper. With a more connected world, there is …
Utilizing S&OP to Mitigate Risk and Plan for the Unexpected
Your business can change unexpectedly and how you respond to these changes can be the difference between success and failure. Today, you have access to more information than ever to help guide your decisions but far too often this can be overwhelming. Most are not ready to take on the increase in information in a meaningful way. Advanced sales and operations planning …
Attracting & Keeping Supply Chain Talent
One of the key challenges facing organizations today is the digital supply chain talent shortage of candidates. Today, the ideal employee has both tactical/operational expertise and professional competencies such as leadership and analytical skills. Current statistics show there is currently one highly qualified supply chain candidate for every six job openings. The demand for …
Leveraging Inventory for Profitable Growth
Every supply chain team must optimize inventory investments with service level performance. Without proper balance, organizations run the risk of excess inventory and trapped working capital, or too little inventory and lost sales. Finding the right balance is critical to boosting service levels while reducing inventory costs. This research examines the current state of …
Winning with a Recession-Proof Digital Supply Chain
A recession is when the economy declines significantly for at least six months, and there’s a drop in five economic indicators: real gross domestic product income employment manufacturing retail sales Since World War II the US economy has had 12 recessions with an average of one every six years, with the longest interval being 11 years. All leading …