Supply chain processes throw off a lot of data. If you’re a successful supplier who fulfills a significant number of orders then you understand that the detail of the transactions generated by orders, shipments, receipts, and all the miscellaneous transactions associated with every order is just too much to be able to read through, much less make sense of. But every part of your operation from your suppliers to your customers demand some kind of accountability, and it’s your responsibility to know of any problems or even potential problems long before everyone else. But with all the data flowing through your systems, is it even possible to separate the standard data from the trouble signals?
In a world that is becoming increasingly interconnected, supply chain effectiveness is becoming a key success factor for the global economy. Given this reality, the findings of a recent Deloitte survey are rather alarming. The study shows that only 38 percent of supply chain executives are either extremely or very confident that their supply chain organization has the competencies needed today.
Supply chain visibility is of paramount importance to all the players who rely on it, says Ken Jones, director of Executive Education at Western Michigan University’s Center for Integrated Supply Management and an instructor on supply chain matters.
Everyone is suggesting what the trends in Supply Chain Management (SCM) are for 2016. Most of the writers agree on a “core” of important trends (sort of like the “motherhood and apple pie” thing. Then there are even some new ones that pop up too. I am going to bring out as many as I find. Where they are not as common, I will provide a link to more information. Read on and tell me if you agree or disagree.
One of the biggest business changes wrought by the rise of the Internet is omnichannel retailing – the ability for consumers to make purchases at any time in any place, and then have the product directly delivered to any address in the world.