- Should companies hire supply chain EHS leaders?
Given this approach to supplier relationship management, it’s a wonder whether or not enterprises are creating environmental, health and safety positions within procurement departments. According to the National Association for Environmental Management, an EHS manager oversees internal and external operations to ensure all suppliers and staff are abiding by national EHS regulations in addition to supporting progressive environmental policies and worker safety programs.
http://www.strategicsourceror.com/2015/01/should-organizations-hire-supply-chain.html
- Demand forecast practices that make customers happy:
For a company to identify and take advantage of the patterns related to demand forecasting, they need to follow three best practices:
1.) Implement forecasting software
2.) Improve processes relating to inventory and sales
3.) Focus on the customerhttp://www.ebnonline.com/author.asp?section_id=3745&doc_id=276358
- Turning supply chain into an innovation engine.
Nothing we haven’t heard, but an good summary and it shows the projects we are looking to take on are in the right direction…For many companies, the simplest form of analytics is looking at customer demands and patterns; then leveraging the gathered insights to build innovative and differentiated services—delivering greater value to the consumer and the businesses bottom-line.
- Best practices for a lean international supply chain operation
5. Adopt a control tower approach:
Companies today want to increase their end-to-end supply chain visibility. This visibility, though, is much more than track and trace. Today’s global supply chain requires a high degree of operational readiness and synchronization of end-to-end activities, including integrating the flow of goods, information and money associated with the movement of goods. Best in class companies achieve this visibility using a control tower approach. A control tower approach is the cornerstone to agility, responsiveness, and visibility.
With this approach, companies can reduce inventory, lower total landed costs and decrease cycle times by connecting planning and execution, from raw materials to delivery to the end customer. This end-to-end supply chain connection involves integrating import/export data and information from overseas suppliers, logistics providers, brokers and carriers. Without the big picture, it is nearly impossible to implement cost-saving strategies such as just-in-time inventory replenishment.http://www.scdigest.com/experts/Amberroad_15-01-22.php?cid=8899
- The cheese has moved…
Stated bluntly, many of today’s sourcing and procurement professionals are not going to be successful in this new world. Those who make the transition probably already demonstrated innovative and adaptive behaviors. CPOs should begin now to retool their organizations with the talent that enables rather than hinders transformation. CPOs should focus on five key competencies in rebuilding their organizations:
1. Consultative attitude
2. Financial sophistication
3. Communication and change management skills
4. Technical savvy
5. Vendor management skills