For almost 50 years, the operations/supply chain profession has been embracing the sales and operations planning process to balance supply and demand in complex supply chain networks. As a former S&OP process owner for three Fortune 100 manufacturers, I can identify with the challenges associated with developing the process and sustaining it as well. With more and more tools emerging, especially supporting solid supply chain risk management, the future looks bright for strategic S&OP. -Gregory L. Schlegel, CPIM, CSP, Jonah, Founder, The Supply Chain Risk Management Consortium, Executive-in-Residence, Center for Supply Chain Research, Lehigh University
The commercial drone industry wants to create a privately funded and operated air-traffic control network, separate from the current federal system, to enable widespread operations at low altitudes.
While over 80 percent of companies have demand and supply planning, success has the same probability as a flip of a coin. How do companies improve the odds? Success may lie in the redesign of supply chain planning from the outside-in using cognitive planning. -Lora Cecere, Founder, Supply Chain Insights
The supply chain management function is still operating in a world of digital potential. Organizations are incorporating social media, mobile technology, and cloud-based services as an entry point but will require more time to add technologies such as blockchain, simulation software, real-time big data and analytics, and Internet of Things (IoT) connectivity. Embracing these digital disruptors will enable organizations to stay competitive and boast an optimized, agile supply chain. -Vicki Powers, Supply Chain Writer, APQC
Not surprisingly, high-tech companies are keenly interested in the potential of artificial intelligence and machine learning to aid in supply-chain management and demand planning. But is the technology sufficiently advanced to fill that role? A SupplyChainBrain Power Lunch discussion.
Slowing growth, intensifying competition and rapidly changing consumer preference are creating rising cost pressures, driving major focus to reduce supply chain costs across industries. However, companies are stuck in an endless death spiral of cost cutting with little impact to the bottom line. Leading companies are breaking this cycle with ZBSC (zero-based supply chain)— a way to drive profitability by looking forward, continually improving bottom line results in a rapidly changing world. –Gary Hanifan, Managing Director, Accenture Strategy, Supply Chain & Operations Strategy
Companies that ship and handle goods moving through supply chains have a problem: they don’t often know where their shipments are in far-flung freight networks or when they will arrive.
It has been seven years since the Securities and Exchange Commission first advised public companies to tell investors if they had suffered a cyberattack deemed to be material. But even with the rising number of severe hacks, only a few companies report incidents each year to the S.E.C.