Tag Archive: supplier information

Supply Chain Strategy

October 8th, 2015
supply chain strategy

Day-to-day business issues keep managers from thinking about supply chain strategy. But pausing to strategize will give you time to focus on the right priorities.

Have you thought about your supply chain strategy lately? Or, are you focused on the day-to-day supply chain issues that occur? My clients seem to focus 80% of their time on fire-fighting, much to their chagrin. Instead, we need to set aside specific time to think about supply chain strategy. Consider the following questions:

  • Customers’ locations – where are your customers located? Have you put them on the map?
  • Customers’ expectations – what type of service level do your customers expect? Do they have any other key requirements?
  • Suppliers’ locations – where are your suppliers located?
  • Supplier agreements – what types of agreements do you have with your suppliers?
  • Transportation partners – who are your transportation partners? Which areas do they service?
  • Industry – what does your industry look like? What specific requirements does your industry expect?
  • Market conditions – are there any market conditions you should leverage?
  • Risk – which risks are most likely to occur? How can your company account for them with your supply chain strategy?
  • Strategic advantage – what is your strategic advantage in the marketplace? How does your supply chain fit into it?
  • And there are many more – not all supply chains are alike. Think about what is most relevant when thinking of your supply chain strategy.

Did you like this article? Continue reading on how to strengthen your Eagle Eye: 

Supply Chain Strategy – Formula for Success 

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Big Data and The Supply Chain

September 9th, 2013
Big data is central to supply chain management.

Big data is now central to supply chain management.

As much as I rarely jump on the latest buzzword bandwagons (as I find them to be a waste of time), big data is an important emerging topic in supply chain.

The amount of data continues to grow — we are definitely in an information overload society!  In addition, complexity and unstructured data (which doesn’t fit into traditional databases such as email and photos) are increasing at a fast pace.  Big data is a powerful tool in navigating these waters.

The supply chain is also gaining complexity at an alarming rate and so managers and executives need improved tools for effective decision-making.  There are countless uses of big data in supply chain — some of the most prevalent include: supply chain management, demand planning, supplier information, customer marketplace trends, etc.

For example, Sales & Operations planning is one of the best uses of big data.  Aligning demand with supply requires excellence in information sharing.  As the data and supply chain become more complex, big data is more critical in uncovering relevant and useful data quicker so that the S&OP participants have access to relevant data to identify areas for focus and to make more objective, data-driven decisions.  S&OP has the potential to significant impact margins, cash flow and revenues — how can you ignore it?

Did you like this article? Continue reading on this topic:

The Foundation of Business Success: Data Integrity