In Supply Chains Opportunity Only Knocks Once

In Supply Chains Opportunity Only Knocks Once

AUTHOR

Vivek Sood

TIME TO READ

minutes 

UPDATED ON

January 8, 2019

#5starbusinessnetworkFree chapters of the book THE 5-STAR BUSINESS NETWORKS for senior executives and CXOs reveal secrets of how to leverage technologies and techniques of supply chain winners to create formidable lead and impermeable advantage over competitors. These chapters are only available for limited time by sending an email to info@globalscgroup.com For more information on the book, go to www.5starbusinessnetwork.com

 


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Notes:

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Vivek Sood

MORE INTERESTING READING
  • The logistics and supply chain industry has been so scattered and unorganized for many years in the Indian logistics market and still continues to do so. Technological logistics startups and other companies have started to make use of data driven technologies such as Big data, Analytics, Internet of things (IOT), sensor technologies and other machine learning algorithms to handle real time analytics of huge data which are unstructured. Although there are many factors which are affecting the logistics and supply chain management, it is important to understand the applications of data driven technologies to simplify the complex aspects in data associated in supply chain management.

  • With an increase in the eCommerce industry there has been a tremendous increase in the sectors connected with it.

    Ecommerce industry is booming rapidly and also making profits, helping the rest industries connected with it.

    The supply chain management industry is among the one. This industry is something which includes managing the delivery of goods from one point to another. May it be sending a product from the vendor to the final customer.

    Managing Inventories, tracking orders and deliveries is what it includes.

    All this can be done by some customized solutions which would help you manage the records. Likewise, a Supply Chain Management Software, Mobility Solutions etc.

    • There is a strong case for minimising the Logistics Operations Cost, through pooling and cost sharing. This would happen in the next one decade. The High Speed Good Transit Corridor can provide the frame work for the Logistics Companies to pool funds and buy or book Rakes for bulk transit along the trunk Routes, akin top the Main transporters using Elephants, Camels and Horses in Caravans between Asia and Europe.[Along the silk route].RORO TRAINS COULD ALSO PROVIDE FOR TRUCKS TO BE TRANSPORTED.That would help control atmospheric pollution.

    • The different latest trends are as follows:

      Demand Planning Begins at the End of the Cycle
      Globalization
      Increased Competition and Price Pressures
      Outsourcing
      Shortened and More Complex Product Life Cycles
      Mobile Accessibility
      Automatization
      Performance Measurement
      Employee Analytics

  • The purpose of this article is to discuss opportunities that businesses have to grow their operations in a more scalable way with a higher level of investment in variable‐cost resources and assets. For most companies around the world, resources have been reduced, inventory drained, technology spending curtailed, and core processes scaled back in order to adjust to the current reality of reduced demand. In an uncertain recovery, supply chain operations need to be more scalable and flexible as they anticipate economic recovery and increase capacity. Moreover, this can be easier to achieve coming out of a severe recession.

  • Advances in SCM and technology driven businesses have immense implications for operational proficiency, consistence, vendor engagement and business decisions.

    Supply chains must be intended to serve the “base of the pyramid.”

    Knowledge work and specialists will become global in nature.

    SCM will have a standard certification process like that for CPAs.

  • Today, successful companies rely on the skills of supply chain management professionals to keep their goods and services flowing to the marketplace quickly, efficiently, and as cost-effective as possible. Supply chain management is a bright spot among up-and-coming careers, with employment opportunities in a wide variety of industries, in firms of all sizes. If you’re interested in a challenging career with a variety of specializations, as well as prospects for advancement, you might want to check out supply chain management.

    Mr. Sood, please share links of your free chapters.

  • I think real-time shipment updates with the help of Business Intelligence is going to be the next big thing when it comes to the future of supply chain management.

    The trend of Big Data analytics and the process of converting data into actionable insights is already getting popular in many big supply chain management companies such as nVision Global.

  • Some great content already put out there, so I would just like to add that the increased access to global manufacturing has allowed smaller and smaller companies to enter through commerce routes, manufacturer goods cheaply overseas, and compete to some degree globally. All of this continually adds to the size and complexity of supply chain management, but in a way that when used effectively can increase opportunities for all those involved in the industry.

    Furthermore, these advancements mean that a growing group of less experienced professionals are entering the arena, and will need smart, competent employees with great experience and cutting edge technologies to effectively manage costs.

    Great question!

    • Wolfgang Lehmacher, CEO, director, advisor and author in supply chain, logistics and transport says:

      Supply chain management (SCM) in the future will primarily be about designing effective intelligent systems and run them efficiently.

      This includes small and big data management, supervision of processes and management by exception, stakeholder/relations management and collaboration along the chain, and risk management. Ideally, supply chain executives will be involved in the organization’s strategic thinking, in particular in new product development (NPD) and distribution channel strategy discussions and decision making.

    • Supply chain optimization is picking up significance among associations endeavoring to lift client encounter, accomplish a steady business development, and abatement the operational expenses. Such associations are perpetually executing arrangements identified with store network investigation keeping in mind the end goal to accomplish top-line advance, upgrade profitability, and combine their market nearness. These arrangements are known for limiting misuse of materials, supporting system reconfiguration, improving gauge exactness, raising the level of administrations, and decreasing stock. With these advantages being exceedingly recognized, the worldwide market for store network examination is expected to tread along a solid development track. supply chain analytics can likewise be conveyed as on-commence arrangements or cloud-based arrangements.

    • Process Transformation

      Logistics Controller

      Inventory Manager

      Procurement Manager

      Internal Auditor

      Negotiator

      and Many more

    • Technological advancement will continually shape SCM and bring new methods of resource integration and optimization with quality service and value.

      Advancement in technology is the future of SCM.

  • Indeed, the future of supply chain is bright, and with the help of advanced technological tools it will be easier to track them.

  • SCM is evolving fast. With improving digitalisation, advancements in AI and a shift in product testing from retailer side to source of origin, organisations are finding ways to shorten sourcing lead times. It’s not just the way that retailers buy that is shifting, customers also have new ways to buy. From Amazon Go’s AI driven purchasing method (where users can browse in-store and purchase from their devices later) to 3D printing bespoke components at the retailer end, the way that end-users shop is already changing.

  • I read a free chapter of the book 5-star business network. I really like the way to represent the business network into it. I’m going to purchase it and will go to learn lots of after reading it fully. Thanks for the Author to provide experienced-based knowledge in the book.

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