How to Leverage Your Existing Data to Improve Supply Chain Performance
Episode I:Raw materials lead time and the “workaround” economy Companies, both large and small, invest in software programs to automate, simplify, and facilitate standard practices within their supply chains. Successful implementations require extra focus on ‘scrubbing’ the data used to set the initial system parameters because, as we all know, “garbage in equals garbage out.” […]
The Power of Real-Time Information
Do you feel like you spend all your time inputting data into an enormous spreadsheet? Do your spreadsheets have so many links, look-ups, and connections that adding a new product, material, vendor, or any other piece of data takes weeks (and multiple attempts) to complete? Do you have a team of analysts who spend more […]
What is demand sensing and is it now more important than ever?
I like telling stories; sharing real-life examples that help us illustrate and comprehend ideas and concepts that may otherwise sound too theoretical. Today’s story is about a well-known, iconic consumer packaged goods brand in Canada…Robin Hood Flour. For those not familiar with it, the Robin Hood brand name has been around since 1909. The flour, […]
What Performance Management Is In Supply Chain and Two Ways It Can Help Achieve Business Objectives
Within a workplace, understanding the value and importance of performance management is key for a company to meet its business objectives and goals. Managers who understand what performance management is and how they can effectively implement it possess a competitive advantage. This is because effective performance management helps businesses ensure that they are getting the […]
Why Supply Chain Spreadsheets Can Cause Major Supply Chain Issues
In recent years, supply chain technology has evolved immensely from tools such as ERP software to self service business intelligence tools, advanced planning software and more. There are many options available for keeping track of supply chain performance. Despite the advancements in technology, the most commonly used tool for supply chain performance are still excel […]
How NBA and Supply Chain Management Are Similar
The 2021 NBA playoffs have been very eventful with many favoured teams getting upset. During this tumultuous post season, I thought I’d take the time to explain how supply management and basketball can involve much of the same strategizing and planning, especially when it comes to analytics and the management side of basketball. Revolutionized Through […]