WomenInSC41216The supply chain industry is always in flux, with many moving parts to keep track of – both literally and figuratively. Add regulations and compliance into the mix, and one of the biggest challenges is keeping your supply chain organized. Leadership strategies are vital to making sure that companies maintain compliance with existing regulations, as well as those that lie ahead, such as the Automated Commercial Environment (ACE). Read on for leadership tips and tricks in the face of preparing customers for ACE.

Inventory41316There are good reasons to carry more inventory than you need. You might want to stockpile parts or materials expected to get more expensive, or keep rare parts on hand to improve customer service. Generally speaking, however, inventory is a physical representation of the battle for your share in the value chain. The less you can carry, the better your own position.

eighteen wheeler 614201 640In an increasingly connected world, 3PLs are under significant pressure to respond to emerging trends. As their clients demand more real-time communication, greater visibility, and reduced costs, 3PLs have been driven to adopt various forms of technology to increase efficiency and maintain a competitive edge. Recent trends include IoT transportation ecosystems, LTL dimensioning pricing technology and the continued shift towards ecommerce. Let’s take a look at those three trends in more detail.

In 2016 the industry face off will continue between providing on-shelf product availability in the most economic and cost effective way while at the same time meeting the increasingly prominent corporate social responsibilities (CSR) of running a modern supply chain business sustainably. In addition, there is an ever-growing backdrop of regulatory demands around traceability and food safety, which cannot be ignored.

The truth is that forward thinking companies are realizing that an efficient, successful, cost effective business can be facilitated by implementing supply chain management processes that positively promote good practice in the environmentally sensitive areas. These include waste reduction, CO2 emissions, carbon footprint, packaging reduction, inventory reduction, transportation, etc.

procurecon

The role of procurement in sourcing IT solutions has been rapidly growing within most businesses.With IT spending having developed into one of, if not the largest areas of indirect spend, procurement practitioners are being called upon to control costs, limit risk, and add value simultaneously. In addition to these internal pressures, conditions surrounding the available technology are also causing businesses to consider the benefits of a more active role for procurement in IT sourcing. Increased complexity around contract negotiations due to saturation of SaaS products, as well as a seller’s market controlled by a core group of major ERP providers sets the scene for an IT landscape well suited to benefit from the skills procurement can bring to bear.

2015 is in the rear view mirror and it’s time to look ahead. While you certainly want your supply chain planning to be as detailed as possible, it probably won’t contain everything and there will inevitably be some things you didn’t see coming. So it’s important to focus your efforts on the areas that are most likely to have a big impact on your business. Everybody’s talking about big data and sustainability, but what else should be on your 2016 supply chain plan?

Today’s supply chain executives aren’t simply being asked to do more with less; they’re expected to develop new approaches that get better results faster – while cutting cost and increasing profit. In an era of fast-moving upstarts and collaborative business models, supply chain is the nexus of a company’s transformation. With changes necessary across operational and technical siloes of old, more than 2,000 supply chain professionals descended on San Jose, California, in late January for Oracle’s Modern Supply Chain Experience (formerly Value Chain Summit) to explore new approaches and network with peers from around the world.

Fast and slow. Traditional and revolutionary. That’s “bimodal.” This year’s conference theme will explore how today’s global supply chain must operate on a two-part bimodal supply chain strategy — delivering efficiency and innovation at the same time. As an attendee at this year’s Gartner Supply Chain Executive Conference 2016, May 17-19 at the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Ariz., you’ll have access to the latest research, trends and technologies that support the new bimodal approach — and you’ll leave with a list of actionable next steps to help make it a reality. 

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