Analyst Insight: Network design, network planning, network analysis, network optimization, or network studies - these terms have been used over the past 25 years to represent the work to determine how to set up logistics networks, how to analyze them for cost reductions, and how to re-plan them when something important changes. - Gene Tyndall, Executive Vice President, Tompkins International
Manufacturers frequently ask themselves, "What if...?". What if a typhoon hits a major supplier in Asia and disrupts shipments? What if port workers go on strike in Long Beach? What if customers have expectations of order fulfillment within two days and you're losing sales to competitors? What if my inventory levels aren't sufficient to meet future demand for a product? What if I'm carrying excessive amounts of inventory that may turn to waste?
Analyst Insight: There are exciting developments in technologies and processes in the area of network design. Currently, both processes and technologies are rapidly evolving, offering exciting opportunities. It is one of the most critical investments for supply chain leaders in 2015. – Lora Cecere, Founder of Supply Chain Insights
Across my career, I've participated in scores of software implementations for companies ranging from SMBs to industry giants. Some have gone exceptionally well, while others have encountered delays. Each effort has served as a learning experience, offering insights and lessons learned about the characteristics "smooth" projects share – and the pitfalls to avoid.
Steve Ellet, vice president of supply chain design at Chainalytics, discusses the importance of supply chain network design and how to build a process that ensures confidence in results.
