What Else Exists Besides The Product Flow In The Supply Chain?
In the supply chain, the commodity and services generally flow downstream from the origin to customer point of consumption. There is also a backward flow of materials, mainly related to product returns. For some people, product flow is the only flow, or at least the primary flow that gives rise to all other flows in
How You Measure Success of Your S&OP Determines Success of Your Company?
Each silo measures the success of the S&OP process differentlySales might believe it is successful if it manages to “hoodwink” the production to produce so much that there is no likelihood of stockouts. On the other hand, production might believe that making sales acknowledge the past forecast inaccuracies was its biggest success in the S&OP. The
Are Corporations Effectively Powerless Against The Booming Shipping Container Freight Rates?
It is a scary trend – and one index after another is confirming it. Container freight rates nearly doubled last year, and then doubled again in the first four months of this year. In some sectors the freight rates have gone up by as much as TEN TIMES. But, that is not all. When you call your
Applications of AI (Artificial Intelligence) in Supply Chain Management (SCM)
Almost all the current applications of AI in SCM are in the following three areas:Supply Chain Automation: after automation of the factories now it is the turn of the warehouses and eventually the trucks to give way to robotics. Although the current applications are still mostly in the experimental stages, the time is not far away
How Two Disparate Mechanisms Of S&OP Are Melded Together?
S&OP brings together two disparate but essential mechanisms to look at an even bigger picture.On One Hand, Demand Management Is The Art Of Maximising Revenue Achieved Out Of A Pool Of Customers And Products In A Given Period. The key questions asked are which customers to serve; where; with which products; at what price, and in
The Expanding Role of AI in Supply Chain Management
Supply Chain Planning And Execution Needs Decision MakingFor a human to be switched on 24/7 and make real time decisions as soon as the data becomes available would be very costly, if not impossible.We deploy humans in shifts when this real time decision making capability is absolutely critical – e.g. plants that are running on