Suitable solutions in Planning Because an organisation’s relationships within its supply chains differ to those of other businesses, it is not advisable to promote a single solution for a situation in supply chains. However, there are various approaches that supply chain professionals should have that enables the most suitable solution to be identified. To provide some background to the selection … Read More
CoV links Supply Chain Class and Demand Amplification
‘Bullwhip’ effect The ‘Bullwhip’ effect is Demand Amplification, where a change in demand at a Node in a supply chain has a more substantial change in demands further upstream in the chain. Orders placed on suppliers tend to have a higher variability than sales made to buyers. Retail stores place orders on warehouses (owned or at wholesalers) can reflect ‘just in … Read More
AI built into future supply chain software applications
AI deliverables By mid-2023, there were at least 50 start-up companies in the US, rated by Forbes magazine as the most promising in development of AI technologies. There are also several promising AI start-ups in other countries. If there are promising start-ups, there must also be those that are less promising, so watch out for dubious ‘blue sky’ promises about … Read More
Scenario Planning is needed for a Supply Chains group
Corporate and Supply Chain Scenarios The previous blogpost discussed Scenario Planning at the corporate level, with four scenarios having the most potential over the next five years. The referenced article provides possible actions at the strategic level, with a focus on economic, business and finance. Depending on the culture and structure of the organisation, there are two options for the … Read More
Supply Chains Scenario Analysis and Planning
Economic situation is changing The future is unknown, although some commentators attempt to guess ‘megatrends’. So, looking into the future could be considered as a ‘time wasting exercise’; but that is not so. A better proposition for supply chain professionals is to obtain a clearer understanding of the most likely future trends in global supply chains and be flexible in … Read More