Gartner’s 2017 Top 25 Supply Chains List!

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Blog post provided by http://argentus.com.  Argentus is a boutique recruitment firm focused on Supply Chain and Procurement.

 

Every year since 2003, at its Supply Chain Executive Conference in Phoenix, Arizona, technology research firm Gartner releases their list of the Top 25 Supply Chains in the World – a list highlighting the industry trends and major players that define what makes a best-in-class Supply Chain in today’s business environment.

Last year, we were happy to have a chance to speak with Gartner Global Executive Partner Michael Massetti about the rankings. Though Gartner released its 2017 Top 25 Supply Chains List in May, we were glad to have a chance to catch up with Michael and chat about this year’s rankings: what were some of the big surprises from this year’s list? Which trends are taking off among the industry leaders?

Read on to find out some of Michael’s insights about what makes for the best-of-the-best when it comes to Supply Chains in 2017.

Continue reading “Gartner’s 2017 Top 25 Supply Chains List!”

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Change Leadership (Part 5) – Unleash Your Employees’ Ideas to Truly Change the Game!

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Organizations that are either considered high performing or who aspire to become high performing understand that their employees are their greatest asset.  A company can only achieve its overall objectives if their employees are aligned, on board and driving toward those goals.

At its core your employees understand how well or how poorly the day-to-day processes in your company run better than anyone else.  They also have tremendous ideas on how to improve those processes, how to improve your metrics, and how to achieve your objectives.

So how do you tap in to that intellect, unleash those ideas, and empower your employees in an organized and efficient manner?  How do you get your finger on the pulse of what is on your employee’s minds?

Continue reading “Change Leadership (Part 5) – Unleash Your Employees’ Ideas to Truly Change the Game!”

The Future of Energy for Manufacturing!

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Guest blog provided by Joe Hall, Director, Business Development at 360 Energy Inc.

 

Today manufacturers must continually look for waste reduction, process improvement and supply chain efficiency to meet competitive pressures and their customers’ cost reduction requirements. Programs such as Lean have become a popular means to develop a culture of simplification and constant improvement. Although Lean principles provide an excellent basis for managing energy costs, such costs are often left out of an efficiency drive… Why is that?

  • Energy costs are not well understood
  • Because they are not understood, they are deemed to be uncontrollable
  • As an “uncontrollable” cost, energy is not well managed.

Energy costs can be controlled when organizations develop measurable and progressive management processes that are embraced & led by senior management and embedded into the business culture. North American manufacturers who have followed this course have seen significant and sustainable results often with reductions of 25% which in turn helps to maintain and enhance their immediate market position. Getting to this stage requires the continual process of incorporating and managing energy both in the organization’s strategic plan and its day to day operation. To change how energy is perceived and administered by the whole team, it must be viewed holistically and not in silos. Energy usage profiles and drivers must be considered in concert with the different energy pricing options to arrange the supply over time. It cannot be left in the hands of a single person or one discipline to effect change single handed.

What role will energy play in the long-term strategy for manufacturers?

As a manufacturer, energy will impact your long-term development on a number of fronts.

Today, manufacturers located in multiple geographies are faced with complex energy sourcing options affected by various procurement and billing requirements and the ever changing local/state/federal legislation. However, the future doesn’t look any less complex as decisions on existing and new manufacturing infrastructure are impacted by a multitude of generation options in addition to traditional utilities. The cost of renewable energy continues to fall and it now competes with fossil fuels; 2015 represented an inflection point where new capital investments in wind & solar replaced 54% of traditional fossil fuel generation investments.  As battery storage prices continue to fall, the reliability and on-demand availability of renewable energy grows. The traditional grid from the utility is increasingly only one of several options- manufacturers can choose: 1) self generation, 2) non-Utility Power Purchase Agreements (PPAs), and 3) Virtual PPAs from net energy providers connected to the grid. While optimizing energy sources can result in cost avoidance, optimizing energy can also provide new sources of revenue to the organization as they become net energy providers to the grid themselves.

Energy is also at the centre of significant change in traditional markets like fossil fuels and automotive. The electrification of the transportation market will require today’s industry leaders in those sectors to adapt in order to survive & lead. While not all manufacturers are in the automotive and fossil fuel sectors, their markets too will be impacted by their source of energy and its ultimate deployment in their future products for competitive differentiation. This transformation will cause tremendous pressure for most manufacturing operations to become much more progressive in energy so they can stay ahead of the curve. Organizations and their manufacturing operations will increasingly need to be more knowledgeable about energy to meet the challenge of changing products based on new technology, new competitors emerging from non-traditional sectors, and changing consumer needs.

As society contends with climate change, manufacturing will be at the forefront of their organization’s social and environmental initiatives, fostering innovation, and providing greener choices for their customers. Manufacturing will be tasked with transitioning operations to reduce their Greenhouse Gas (GHG) footprint, while maintaining quality & output metrics and competing in a world of ongoing cost containment. The future leaders of manufacturing operations will include energy as a core discipline in their personal base of knowledge.

Simply put, organizations that prepare for and take advantage of the opportunities that energy presents will be in the best position to compete, grow, and profit in future markets.

 

360 Energy Inc. is a North American energy consultant working with leading manufacturing, public, commercial and agricultural organizations to develop sustainable strategies for energy in their futures. For more information, please refer to our website at www.360energy.net or contact Joe Hall directly: joe.hall@360energy.net  905 304-6001, ext. 228. 

 

Check out   Collaborative Robots: Making Manufacturing Jobs More Valuable

#Energy #Innovation #Technology

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Selected as one of the Top 75 Supply Chain Blogs on the Internet

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The Internet of Things (IoT) – Welcome the Digital Supply Chain!

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Over the last 5 years there has been an explosion of smart and connected devices. Gartner is predicting that by 2020 there will be 37 Billion connected devices and more than 4.3 Zetabytes of data generated by these devices.  The Internet of Things (IoT) is well upon us!

Quick adoption of health devices like Fitbit and smart thermostats such as Nest are bringing more and more connections and opportunities into the consumer world. As such many home appliance and consumer goods companies are looking at how they can take advantage of this trend and transform their interaction with their consumers and customers.

In order to understand how this is starting to evolve and how it will impact and change the supply chain, let us consider 4 user cases that are emerging with early adopters in this space.

Continue reading “The Internet of Things (IoT) – Welcome the Digital Supply Chain!”

Inventory Turnover Breakthrough (Part 5) – From Worst to First!

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We launched the Global Inventory Turnover Breakthrough project on April 1st.  It was not a joke.  Our challenge was to improve Inventory turnover from 6.3 turns to over 8.6 turns within the year.  This was a level of achievement that the company had never before reached.

But we had the Call to Action.  Our Inventory turnover was perennially the worst in our industry.  Our Inventory levels were consuming an enormous amount of cash as well as creating a lot of expense in carrying charges.  And this had the effect of driving our Return on Invested Capital to very low, unattractive levels.  Further there were ongoing complaints that even though we had a lot of inventory we  never had all of the right material that was needed.

We had the motivation to turn this situation around.  What we didn’t know is that we were about to make history and go from Worst to First!

Continue reading “Inventory Turnover Breakthrough (Part 5) – From Worst to First!”

World Class Inventory Turnover Breakthrough (Infographic)

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Improving Inventory turnover performance is both a requirement and a challenge for many companies.  We’ve written several blogs on this subject to share our experiences in achieving truly game changing results in inventory management.

Attacking just a single element of inventory has, in our experience and observation, proven to be an insufficient approach to making significant, sustainable changes.  The entire ecosystem of processes, variables, and stakeholders requires taking a holistic approach enlisting a variety of tools and techniques to drive game changing inventory performance.

In this blog we’ve captured much of this content in a single Infographic

 

Inventory Infographic

 

Check out   Inventory Turnover Breakthrough (Part 5) – From Worst to First!

Check out our other blog posts at https://supplychaingamechanger.com

#SupplyChain #Innovation #Leadership #Infographic

Selected as one of the Top 75 Supply Chain blogs on the Internet

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