What is Visibility? Visibility has been a supply chain buzzword over the past twelve months. The better a Logistician can view what is happening through their supply chains, then responses when activities go ‘off plan’ should improve. But what does visibility mean for Logisticians? There are two aspects; one is to ‘see’ the physical movement and storage of goods and … Read More
Climate Change action process for your Supply Chains
Few years remain to make climate change decisions Success and failures in responses by governments and business to the COVID-19 pandemic has been a learning exercise for all. These lessons will be useful concerning the disruptions that are likely to occur due to climate change. In 2019, the Intergovernmental Panel on Climate Change ()IPCC) stated in its report “limiting global … Read More
Supply Chains need to measure the accuracy of forecasts
Forecasts are always wrong This statement is true, but forecasting helps to be less wrong. Forecasts of future sales will never be ‘correct’, but they can be made more accurate by using ranges in forecasts and measuring ‘forecast error’. The market demand (and supply) for an item is a ‘continuous variable’ consisting of multiple variables that interact dependently, independently and … Read More
Logisticians able to think ahead about supply chain risk
Logisticians have a dual role. First, to effectively and efficiently provide availability of items for customers. Second is to think ahead about the potential disruptions to the organisation’s supply chains and how to mitigate the risks. With the second objective, Logisticians are dealing with unknowns, which are difficult to evaluate, both in supply chains and the wider environment. Complex Adaptive … Read More
Asia Supply Chains to benefit from new trade agreement
Asia Region trade initiative The newly discovered importance of Supply Chains means that professionals can be expected to advise senior management and boards of directors concerning the longer-term supply chain influences on their business. One of the influences is a move away from globalisation to a greater focus on regions and sub-regions. Region development in Asia has been advanced with … Read More