Supply chain visibility
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The global supply chain has become so complex that communication and collaboration of parties outside and inside the enterprises have become critical. This can be achieved through transparency in the supply chain. Supply chain visibility promises numerous benefits, including reduced costs and customer satisfaction. However, these are only two of the main reasons why it is critical to your enterprise.
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Global supply chain management
Global supply chain management involves coordinating activities across countries. A global supply chain connects organizations worldwide to source materials and produce goods for customers. Managing such a complex network introduces challenges like long distances, currency fluctuations, and differing business environments. However, companies also benefit from expanded markets, lower costs, and competitive advantages. To operate efficiently, firms must integrate worldwide operations and have the agility to respond to various global factors. For example, a large computer company redesigned its supply chain from 33 plants across many countries to 12 plants within 3 regional zones, reducing costs and improving profits.
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Many firms within supply chain wants to work independently.
Firms with large system inventories, many suppliers, complex product assemblies and highly valued customers benefit most from the practice of supply chain management.
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Supply Chain Visibility
1) The document discusses supply chain visibility and its importance for driving superior supply chain performance. It notes that high-tech supply chains are complex due to numerous players, outsourcing, and complex product configurations.
2) It states that lack of supply chain visibility undermines planning, collaboration, resource allocation, and execution. Improving visibility, coordination, and responsiveness across the supply chain can help reduce costs, enhance revenues, improve customer satisfaction and compliance.
3) The document advocates developing a roadmap to improve supply chain performance through quick wins and long term goals to sustain improvements.
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Executive Summary
Teams claim that they are building end-to-end supply chain processes; but we do not find that this is true. Despite the growing need to automate the extended supply chain, the focus of most companies is on enterprise automation. The process flows of the extended supply chain are dependent on spreadsheets and Electronic Data Interchange (EDI). It is not sufficient.
Companies want better supply chain visibility. The gaps in current supply chain capabilities are large. While EDI is effective in moving transactional data, it is point to point lacking community interaction.
Companies are seeking new and deeper forms of supply chain visibility through business networks. It takes many forms. It is foundational to deliver on the promise of agility. They want to be more agile and the current IT architectures are not meeting this need.
High level survey findings are:
• Outsourcing is a Reality. It is here to Stay. For the average company, outsourcing of manufacturing and transportation is a reality. In the study, approximately ninety percent of respondents report having some level of outsourcing. Thirty percent outsource forty percent or more of their manufacturing and fifty-five percent outsource at least forty percent of their logistics on a volume basis.
• Supply Chain Visibility has Many Forms. Few are Being Delivered Well. The term supply chain visibility is a nebulous term with many meanings. There is no standard definition. In this report, we share insights on the forms of visibility and the issues with each. Visibility within the company is being addressed by current IT architectures; but B2B architectures to support emerging supply chain visibility requirements are evolving.
• The Gaps in Supply Chain Visibility are Large. The Satisfaction with EDI is high. The Confidence in ERP to Close the Gap is Low. The average company with ERP has seven different ERP instances and forty-nine percent of respondents report ERP spending plays a major role in their IT budget. However, as shown in this report, the gaps for supply chain visibility are high and the confidence that ERP implementations can close the gaps is low. As a result, the extended supply chain runs on EDI and spreadsheets. In the words of one supply chain leader that we interviewed, “Today, it is much like chewing gum, bailing wire and a shoestring.”
In this report, we give an overview of the current state of supply chain visibility--the different forms and the state of each-- and share insights on current levels of importance and performance. We then look critically at current efforts of IT investment/focus and give recommendations on how business users can work with IT teams to close these gaps.
Survey Results: Trends in Supply Chain Visibility
Between December 2015 and January 2016, Gatepoint Research surveyed 101 executives on trends in supply chain visibility. This report will provide you with detailed information on the current state of visibility in the supply chain across a variety of industries including visibility depth, how visibility information is used, timeliness of visibility, and much more.
Using Supply Chain Collaboration to Drive Visibility into Supply
In today’s distributed, global economy, greater reliance on trading partners has made supply chain collaboration a competitive mandate. As supply chains become more complex and dynamic, your ability to achieve the perfect order in direct and indirect materials procurement—receiving the right product, in the right place, at the right time, in the right quantity—depends on having the right tools and partners. You need to be able to collaborate across multiple processes, systems, and geographies in real time; accurately track and assess trading partner performance; and quickly identify and respond to shortages and other unplanned supply chain events. Join a panel of thought leaders and buyer and seller practitioners as they discuss how to attain the perfect order by collaborating effectively with trading partners both inside and outside their enterprises.
Leveraging IoT for Product Visibility across the Supply Chain
During transportation, medicines and medical equipment need to preserve their integrity. In order to monitor key indicators in real time (e.g. temperature, pressure, vibration, humidity), J&J worked together with Capgemini to build a proof of concept solution for a smart container. The solution aggregates data from various sources (traffic patterns, weather data, GPS) and on board sensors, analyzes it in real time for exceptions and tolerance violation. It also includes email notifications for exception/rule violation and dash boarding capabilities for various devices. Using IBM technology and Capgemini pre-configurations, the solution was developed in six weeks. This validated the requirements, the technology stack and the industrialization potential.
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Using Supply Chain Collaboration to Drive Visibility into Supply
Leveraging IoT for Product Visibility across the Supply Chain
Leveraging IoT for Product Visibility across the Supply Chain
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This document discusses demand forecasting and supply chain planning. It argues that traditional forecasting methods focus too much on individual items rather than customer behavior and influencing factors. Modern data and analytics allow understanding of why customers buy certain products. The document provides 7 keys to improving forecast accuracy and inventory management without increasing inventory: 1) segment demand by influencing factors, 2) create a 365-day demand plan, 3) align inventory across channels, 4) collaborate internally and externally, 5) leverage technology to automate tasks, 6) consider real-world supply chain constraints, 7) use cloud-based solutions. It concludes with research on evaluating supply chain planning systems.
15 compañías que están perfeccionando la cadena de suministros
No solo se trata de manejar los aspectos físicos de la demanda y el suministro. Se trata de entender el contexto comercial. Esto crea tanto desafíos como oportunidades.
15 Companies that are Perfecting their Supply Chain
The document discusses how companies can improve their supply chain visibility and performance through data analytics. It provides examples of 15 companies that have used Qlik's supply chain analytics solutions to gain insights from their data that helped optimize inventory levels, reduce costs, improve availability and customer satisfaction. Key benefits highlighted include increased on-shelf availability, reduced waste, faster issue resolution, improved forecasting accuracy and planning. The document advocates that supply chain visibility enabled by analytics can help companies optimize operations, reduce risks and drive revenue.
What Are The Success Strategies For Demand Forecasting In Supply Chain.pptx
What Are The Success Strategies For Demand Forecasting In Supply Chain.pptxCozentus Technologies Pvt. Ltd.
There has been a significant shift in how we approach supply chain demand forecasting: we transitioned from a focus on supply—what and how much to deliver or replenish—to a demand-driven supply chain visibility solutions, which put too much emphasis on the intermediate objective of precise demand forecasting in supply chain management. Worse, previous demand forecasting technologies could not handle high variable demand.
Access ERP - Enterprise Resource Planning
This document summarizes the key features and benefits of the Access SupplyChain ERP solution. It describes modules for supply chain management, manufacturing, distribution, finance, sales, purchasing, and productivity. Customer testimonials praise benefits like increased efficiency, reduced costs, and improved visibility. Industries supported include aerospace, food/drink, pharmaceuticals, and engineering. The solution aims to optimize operations through integrated information and analytics.
Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...
This is the slideware used in a live inQuba & Microsoft webinar hosted on the 23rd of September 2020.
Recording here: https://youtu.be/J89zWhnpCb4
Do you want to learn how to use digital platforms in the FSI industry to stay relevant to your customers in the Digital Economy?
Join inQuba MD, Trent Rossini, and Microsoft FSI Sales Lead, Servaas Venter, in an upcoming webinar, where you’ll learn:
• When and why customers are likely to lapse
• How to nudge customers to achieve their signup goals
• The actions you can take to retain high risk customers
• How to obtain continuous customer feedback during their journey
• How to augment your legacy systems with modern digital platforms
• How to kick off conversion and retention programmes for your customers
Learn how to redefine the delivery of Financial Services client journeys that customers LOVE!
Scanwell Global Business Solutions
Scanwell Global Business Solutions offers a program to provide tailored support services to clients seeking to expand their global operations. The program includes 24/7 customer support, purchase order management, vendor coordination, new vendor site visits, administrative services, and strategic logistics options. Scanwell aims to reduce clients' costs by managing these services and collaborating directly with relevant experts worldwide rather than requiring clients to employ additional staff. The program is customized for each client's needs and is intended to help companies grow their global business and supply chain management capabilities.
Procserve eProcurement Overview July 2014
An updated overview of Procserve's eProcurement solutions:
Sharper Thinking for Smarter Public Sector Procurement
APICS Presentation 4-18-2016
The document discusses supply chain finance and optimizing the cash-to-cash cycle. It defines supply chain finance and explains why it is needed to help manage working capital and liquidity. Commonly used metrics like working capital, days sales outstanding, days inventory outstanding and days payable outstanding are presented. The document also discusses how large companies gain advantages in this area through practices like leveraging days payable and comparing metrics against industry averages. Innovative solutions discussed include invoice discounting, purchase order data management, and using financial intermediaries.
inQuba: The Science of Retaining Customers in Financial Services [US Webinar]
This is the slideware that was used during the live webinar hosted by inQuba, in the United States, on the 20th September 2018. Watch the recording here: https://youtu.be/x85XlUxwbUg
Imagine you could anticipate customer churn before it happened.
A recent report by Bain & Co. asserts that churn is the result of a series of poor experiences and misadventures over a period of time, not a single poor experience. Most customers are already primed to leave when an attractive competitive offer presents itself. Also, the only solution is to focus on the entire customer journey, not just the most recent episode. Today's businesses need to expose the real experiences of their customers, predict those at risk and intervene with next best actions to ensure the customer sticks around. Acquisition remains expensive, and the value still lies in existing relationships.
Customer Journey Management introduces break-through thinking and techniques for churn anticipation, predictive risk profiling and interventions that will have a business-altering impact on keeping and growing customers.
WEBINAR SPEAKERS
Graham Clark -
inQuba North American CX Transformation Lead and Digital CX and CXOM Transformation Lead, Customer Results
Trent Rossini -
COO inQuba and ex COO of PruHealth, and ex CIO of Discovery Health
WHY YOU SHOULD LISTEN
Our industry-expert speakers addresses the following:
How do you discover and visualize the real customers' and agents' journeys as they navigate your products and channels?
How do you anticipate customer churn, in real time?
How do you intervene in order to mend and recreate customer experiences
How do you do all this at scale?
For further information, please visit us here: https://www.inquba.com/
Mail us here: info@inquba.com
CONNECT
Facebook: https://www.facebook.com/inQubaCX/
Twitter: https://twitter.com/inQubaCX
LinkedIn: https://www.linkedin.com/company/inquba/
Has Your Entreprise Adopted E-Invoicing ?
Has Your Entreprise Adopted E-Invoicing ?Neopost Mailing Solutions, Digital Communications and Shipping Services
These infographics give you an insight into the e-invoicing market and talk about the pain points SMEs are facing when it comes to managing incoming and outgoing transactional communications.
They also focus on different methods of e-invoicing, together with the business benefits of this growing trend.Larry Savage Jr Alabama Talks About Factors Affecting Supply Chain.pptx
Any supply chain should ideally have a balance. A company must balance cost, inventory, and customer service in order for a supply chain to function well. However, even if a supply chain plays a significant role in our company's success, it's still important to focus on the elements that have the ability to influence your business's outcomes in unexpected ways. Here, Larry Savage Jr talks about elements that have an impact on supply chain management:
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Working with a Distributed Workforce
This document discusses the benefits and best practices of remote work. It notes that remote work has increased dramatically since the pandemic. Some key benefits discussed are increased productivity, better work-life balance, and lower costs. It emphasizes that successful remote teams require a strong organizational culture, consistency, and a willingness to constantly improve processes. It recommends having clear values and communication, investing in team members, and using tools like Slack and Google Workspace. The presentation provides tips for managing a globally distributed team, such as understanding different cultural attributes and time zones.
Supply Chain Solutios Software
Supply chain solutions software allows companies to optimize their supply chain processes. It resolves challenges like globalized manufacturing, meeting customer service demands, and enabling market growth. The software provides visibility into inventory levels, locations, expiration dates and more. It also helps comply with international trade policies and manage foreign market expansion. Overall, the software streamlines data sharing and collaboration across the supply chain.
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Appterra is a leading provider of Global Supply Chain Solutions that allow companies to conduct business within cloud-based communities. Learn more about supply chain solutions: https://appterra.com/blog/top-10-global-supply-chain-solutions-blogs/
How to Steer Ahead of your Competitors through Ecommerce Technology Solutions
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Ean and UPC Product Identifiers
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Gs1 numbering system
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Blockchain
The document discusses how blockchain technology can empower industrial internet of things (IoT) solutions. Blockchain keeps an undisputed record of smart devices' history, allowing data to be exchanged securely between devices without a centralized authority. It acts as a decentralized ledger that satisfies regulatory requirements while enabling autonomous communication and data sharing without the need for brokers between smart devices. The document argues that blockchain is an essential element of industrial IoT as it facilitates secure data exchange and record keeping in a decentralized manner.
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Before you implement Electronic Data Interchange, you need to know all the scopes first. You need to determine the number of partners who will be using EDI next year. You also need to know if you can increase the number of your EDI partners the following year. Prioritizing the most important partners first, you need to determine how much will the increase be. Lastly, you need to define the volume your targeted partners represent in invoices and counting orders.
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What is supply chain integration? For people not involved in the supply chain industry, this may be a vague phrase. While some have encountered this while browsing the internet, many are still oblivious about its value. If you are one of those individuals unaware of the meaning of the supply chain integration, keep reading this blog to find out its definition.
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Supply chain visibility
- 1. Supply Chain Visibility Why is it Critical to Your Enterprise? 2016
- 2. Supply Chain Visibility Customer Satisfaction Customers demand faster response rates, high quality & right price. SCV allows you to identify potential disruptions and act on them. Risk Management A transparent SC enables flexible, reliable & validated data flow. Inventory Management SCV reduces inventory costs by up to 20%. SCV decreases inventory stock from over 10 days to less than 7 days. Supply chain costs SCV helps avoid financial leakages.
- 3. • It allows you to control your finances. • It allows you to predict potential disruptions and take immediate actions. • It helps you monitor the flow of finished goods to make them available to your customers. • It provides up-to-date information to help you achieve fewer inventories while meeting your clients’ needs. • It promises reduced costs and customer satisfaction.
- 4. The global supply chain has become so complex that communication and collaboration of parties outside and inside the enterprises have become critical. This can be achieved through transparency in the supply chain.