As a Supply Chain Manager, everybody is expecting you to perform miracles and save your company. You are expected to come up with some great programs. Would one of the Top Ten SCM Innovations make your CEO happy? Let's try instead and give you some simpler ideas.
Ever heard "EDI is a huge cost savings for our company" from a manager in your organization? Invariably you will hear a resounding "YES!" from anyone that is within 50 feet of that manager all coming to agreement on the benefits of an EDI program. What do you do then if your CFO is one of those people within earshot of the comment and asks you for a number to back up the statement?
Should I get it now, or should I wait until I have more time to study? What if I study and I don't pass, and wasted all that time for nothing? Will having it actually impact my career, or will there be no change?
By now, we all know that organizations are taking full advantage of social media to closely connect with customers and to promote their products and services. But several articles and studies show that social networks are now a top purchase-evaluation tool for decision makers. Professionals connect to vendors on social media sites, and a many say that social media plays a role in every stage of the acquisition process.
One ‘hot’ phrase that won’t go away any time soon is ‘omni-channel’. Why should it? It’s in the process of changing the way you shop and buy as a consumer, and if you’re involved in eCommerce or the supply chain, it’s having a big effect on your work as well.
Did you know that about one third of the invoices retailers receive from their vendors have some type of discrepancy with the actual order received. If that is surprising, what's even more alarming is the time it can take to track down and fix the error – time that translates into, money of course.
You've read all five of my horror stories and I hope you've thought about your own business, and to make sure everything is in order. Are all of your systems running as efficiently and as smoothly as you would like? Are there areas that you now see could be a weak spot, areas that you should take a second look at? That's where your thoughts should be leading you at this point.
As supply chains grow in size and importance, your company will need to pay closer attention to production facilities around the world. What if a disaster forced a shut down at a critical plant thousands of miles from your headquarters? Do you have a process in place to deal with it?
Advance shipping notices (ASNs) can drive up efficiencies and accuracies by reducing discrepancies – which experts estimate happen about 30 percent of the time -- between invoices and the orders a retailer receives. That's because ASNs provide the retailer with detailed information on how the goods were packed for shipment, how many items are in the shipment, as well as product descriptions, carrier information, and even order information. ASNs also alert retailers that the goods have been shipped so they are ready to receive them.