In Pursuit of Predictive Insights While an outside-in focus starting with the customer is highly prized, the most successful supply chains are also using their data to generate insights and proactively mitigate issues.
The pursuit of excellence is an ongoing journey, so supply chain leaders are always looking for ways to optimize order flows, minimize inventory levels, lower transportation costs and maximize value.
Successful supply chain leaders can better anticipate and adjust to shifts in the market. They maintain high levels of customer satisfaction because they have a holistic view of their service levels, supply chains and data that help generate actionable predictive insights. August 14, Find all the CIPS core study guides with quality recommended reading to equip you with everything you need to excel through exams and get qualified. For Individuals What is Procurement? Supply Chain Management.
Planning — Make vs buy decision to understand whether you will manufacturer or buy domestically or internationally. Production - Ensuring the right volumes and quality of production. Return of Goods - Ensuring an effective returns process for customer satisfaction. These six components enable to you provide effective Supply Chain Management.
Featured Downloads. Warehousing is an evolving industry, relying more and more on AI and machinery. But warehouse workers will always be needed, especially when scaling up during busy seasons. Leave staffing to 3PLs that understand which workers will be best. Fleets, like warehouses, can either be a point of pride or pain, especially if the costs of operating a fleet are becoming increasingly expensive. Choosing between a private or outsourced fleet is a big decision, and costs to consider include:.
Effective supply chains have affordable, efficient warehouses and fleets. Supply chains are paying more attention to the costs of operation beyond the bottom line. This means making a commitment to sustainability. But sustainable fleets are more energy-efficient, and going green can lead to financial benefits. Attention to sustainability is a sign that a supply chain is forward-focused.
Shifting to electric forklifts might be an expensive one-time cost, but the benefits of doing so justify the expense. Experts Since Supply Chain Innovators. Search for:. Whitepapers Infographics. July 22, by Robert Victor.
July 22, by Robert Victor Robert Victor. Software and Technology. If a car can be one inch narrower to avoid special road transport during delivery, the logistics cost savings can be enormous over a design change which could be inconsequential to the user.
To objectively assess, manage and compare supply chain management performance requires a clear understanding of the processes involved and how they relate to the enterprise. A standard process framework for classifying and defining processes is a good starting point. Once the processes are defined, you can establish performance measurements for cost effectiveness, staff productivity, process efficiency, cycle time and quality. Similarly, KPIs should be established, based on operational objectives, and below KPIs the organisation should identify supporting indicators that enable leaders to delve deeper for keen insights into performance.
Consolidating all of these will allow for a supply chain that is flexible and scalable, not only in business growth but in times that require quick thinking to reroute and ensure survival in stressful times. Start your supply chain improvements off the right way.
See what is involved in a WMS implementation:. Written by Michael Badwi.
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